2012-05-15T10:28:19-05:00 2011-06-30 LAUTZE & LAUTZE 303 SECOND STREET SUITE 950N SAN FRANCISCO CA 94107 990 2010-07-01 943204137 MENLO SCHOOL MENL 6503302000 50 VALPARAISO AVENUE ATHERTON CA 94027 BILL SILVER 6503302000 2012-05-14 1 JUDY LEE-STRAIN 4155436900 2010 2016-02-24 21:20:13Z NORM COLB 50 VALPARAISO AVENUE ATHERTON CA 94027 43652229 0 X WWW.MENLOSCHOOL.ORG X 1994 CA ESTABLISH AND OPERATE AS AN EDUCATIONAL INSTITUTION FOR THE EDUCATION OF YOUNG MEN AND WOMEN. 28 28 338 905 74598 0 51708868 10514894 25263162 27218800 101193 1436556 3078761 2534915 80151984 41705165 3789965 4239519 0 0 18922656 20057662 0 0 959734 11496830 13492738 34209451 37789919 45942533 3915246 167374698 173353326 40243447 36847868 127131251 136505458 MENLO SCHOOL'S MISSION IS TO EMPOWER STUDENTS TO EXPLORE AND EXPAND THEIR INTERESTS, REACH THEIR FULLEST POTENTIAL, DEVELOP THE SKILLS NECESSARY FOR SUCCESS IN COLLEGE, AND BECOME ETHICAL, RESPONSIBLE, AND ENGAGED MEMBERS OF EVER WIDER COMMUNITIES. 0 0 34925845 4239519 29683030 INSTRUCTION FOR GRADES 6 TO 12 FOR APPROXIMATELY 790 STUDENTS. 34925845 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 1 0 0 0 0 1 156 0 1 338 1 1 1 0 0 0 0 0 0 0 0 0 X 28 28 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 1 0 1 1 0 CA X BILL SILVER CFOBUSINESS MANAGER 6503302001 50 VALPARAISO AVENUE ATHERTON CA 94027 SUSAN FORD DORSEY 2.00 X X 0 0 0 SARA ABBASI 2.00 X 0 0 0 JEFF BERRY 2.00 X 0 0 0 JIM BREYER 2.00 X 0 0 0 KEN DIEKROEGER 2.00 X 0 0 0 MARK DOUGLASS 2.00 X 0 0 0 ELIZABETH DUMANIAN 2.00 X 0 0 0 LEONARD EDWARDS 2.00 X 0 0 0 RYAN ENRIGHT 2.00 X 0 0 0 LARRY FRYE 2.00 X 0 0 0 JAY HOAG 2.00 X 0 0 0 GREG JOHNSON 2.00 X 0 0 0 LYNDA MARREN 2.00 X 0 0 0 MATT MATTESON 2.00 X 0 0 0 BILL MITCHELL 2.00 X 0 0 0 BETSY PACE 2.00 X 0 0 0 UMESH PADVAL 2.00 X 0 0 0 PHIL QUIGLEY 2.00 X 0 0 0 ANDY RACHLEFF 2.00 X 0 0 0 DEBBIE ROBBINS 2.00 X 0 0 0 RICO ROSALES 2.00 X 0 0 0 STACY SIEBEL 2.00 X 0 0 0 RICHARD STEINY 2.00 X 0 0 0 NANCY SUITER 2.00 X 0 0 0 KIM SWIG 2.00 X 0 0 0 ERIC TOM 2.00 X 0 0 0 GEOFFREY YANG 2.00 X 0 0 0 JOHN ZEISLER 2.00 X 0 0 0 NORM COLB 40.00 X 388487 0 46709 JULIE JOHNSON 40.00 X 71688 0 51655 BILL SILVER 40.00 X 204066 0 26306 JOHN SCHAFER 40.00 X 174761 0 38493 ERIN BRIGHAM 40.00 X 135161 0 30848 DIANE CLAUSEN 40.00 X 144882 0 25364 DAVID MCADOO 40.00 X 142102 0 26864 ALEX PEREZ 40.00 X 129636 0 29716 BRIDGETT LONGUST 40.00 X 120483 0 22331 1511266 0 298286 35 0 1 0 VANCE M BROWN & SONS INC 3197 PARK BLVD PALO ALTO CA 94306 CONSTRUCTION 5721210 KEVIN HART ARCHITECTURE 98 BATTERY ST SUITE 202 SAN FRANCISCO CA 94111 ARCHITECTURE 352073 GUARDSMARK FILE 6498 LOS ANGELES CA 90074 SECURITY 299075 KIRKPATRICK & LOCKHART PRESTON GATES ELL 630 HANSEN WAY PALO ALTO CA 94304 LEGAL 198566 LEO'S PRO AUDIO 5447 TELEGRAPH AVE OAKLAND CA 94609 AUDIO 176699 10 309483 10205411 1613455 10514894 STUDENT TUITION 611600 27218800 27218800 27218800 161457 161457 10205 10205 10205 10205 2636093 42 1276421 84615 1359672 -84573 1275099 74598 1200501 530379 309483 530379 0 22610 1465 21145 21145 93519 54184 39335 39335 OTHER 611600 1357892 1357892 MUSIC@MENLO 611600 437070 437070 CHILD CARE REVENUE 624410 313060 313060 356208 356208 2464230 41705165 29683030 74598 1432643 4239519 4239519 1009964 602179 320210 87575 14935825 14256396 291094 388335 1602778 1524934 35240 42604 1394061 1325911 33815 34335 1115034 1026623 55355 33056 205841 205841 112339 112339 2086986 1947726 69494 69766 29420 28385 375 660 2073896 1985795 47989 40112 57580 18876 38704 705581 703736 1845 544684 541822 188 2674 325395 37 325358 3511854 3266024 140474 105356 296500 146348 150152 MUSIC@MENLO 1654195 1654195 OFFICE & PROGRAM 499574 462983 35581 1010 ENTRANCE FEES 302345 301250 1095 MISCELLANEOUS 191177 169766 21580 -169 BUSINESS PROGRAM SERVIC 127699 127699 767672 595641 18706 153325 37789919 34925845 1904340 959734 11999616 19168580 18073498 13888708 13260397 10318168 733064 1003051 1207000 1269250 48418 62188 354560 367541 121637014 28392242 94936288 93244772 25963649 33188816 289196 276620 509012 565632 167374698 173353326 8195493 3910673 16773998 17612416 15000000 15000000 273956 324779 40243447 36847868 X 99516444 107933543 17193764 17394785 10421043 11177130 127131251 136505458 167374698 173353326 X 3915246 5458961 X X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 29079000 239000 5563000 1357000 33524000 26367000 980000 2859000 1127000 29079000 31282000 1221000 -5091000 1045000 26367000 0.49920 0.46710 0.03370 0 0 32700000 32700000 73375904 16016595 57359309 4245275 3446521 798754 5269893 4861918 407975 6045942 4067208 1978734 93244772 LIMITED PARTNERSHIP INTERESTS 33188816 F 33188816 SWAP AGREEMENT PAYABLE 324779 324779 41705165 37789919 3915246 5458961 5458961 9374207 42944000 5509784 3361 5513145 37430855 4274310 4274310 41705165 33570000 84573 56203 140776 33429224 4360695 4360695 37789919 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE SCHOOL INTENDS TO HOLD ITS ENDOWMENT FUND FOR THE LONG TERM AND USE THE EARNINGS TO SUPPORT ITS PROGRAMS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE SCHOOL HAS ADOPTED THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN, OR EXPECTED TO BE TAKEN, IN A TAX RETURN AND REQUIRES THE AFFIRMATIVE EVALUATION THAT IS MORE-LIKELY-THAN-NOT, BASED ON THE TECHNICAL MERITS OF A TAX POSITION, THAT AN ENTERPRISE IS ENTITLED TO ECONOMIC BENEFITS RESULTING FROM TAX POSITIONS TAKEN IN INCOME TAX RETURNS. FOR TAX EXEMPT ENTITIES, FAVORABLE TAX STATUS ITSELF IS DEEMED TO BE AN UNCERTAINTY, AS EVENTS COULD POTENTIALLY OCCUR TO JEOPARDIZE THEIR TAX-EXEMPT STATUS. IF A TAX POSITION DOES NOT MEET THE MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD, THE BENEFIT OF THAT POSITION IS NOT RECOGNIZED IN THE FINANCIAL STATEMENTS. THIS STANDARD ALSO REQUIRES THE ORGANIZATIONS TO DISCLOSE ADDITIONAL QUANTITATIVE AND QUALITATIVE INFORMATION IN THEIR FINANCIAL STATEMENTS ABOUT UNCERTAIN TAX POSITIONS. THE SCHOOL'S EVALUATION ON JUNE 30, 2011 REVEALED NO TAX POSITIONS THAT WOULD HAVE A MATERIAL IMPACT ON THE FINANCIAL STATEMENTS. THE 2007 THROUGH 2010 TAX YEARS REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. IN ADDITION, THE TAX YEARS 2006 THROUGH 2010 REMAIN SUBJECT TO EXAMINATION BY THE CALIFORNIA FRANCHISE TAX BOARD. THE SCHOOL DOES NOT BELIEVE THAT ANY REASONABLY POSSIBLE CHANGES WILL OCCUR WITHIN THE NEXT TWELVE MONTHS THAT WILL HAVE A MATERIAL IMPACT ON THE FINANCIAL STATEMENTS. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 54,184. UNREALIZED GAIN (LOSS) ON SWAP -50,823. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AND SCHOLARSHIPS (NETTED AGAINST TUITION) 4,239,519. LOSS ON DISPOSALS -84,573. PARENTS ASSOCIATION 121,176. ROUNDING -1,812. PART XIII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 54,184. ROUNDING 2,019. PART XIII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AND SCHOLARSHIPS (NETTED AGAINST TUITION) 4,239,519. PARENTS ASSOCIATION EXPENSE 121,176. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 THE RACIAL NONDISCRIMINATORY POLICY WAS PUBLISHED IN THE SAN FRANCISCO CHRONICLE ON MAY 18, 2011. THE POLICY IS ALSO STATED ON THE SCHOOL'S WEBSITE AND ADMISSIONS MATERIALS. BENEFIT AUCTION, FASHION SHOW 839862 309483 530379 3873 72357 134262 1000 318887 839862 309483 530379 3873 72357 134262 1000 318887 530379 0 22610 1465 1 1.00000 22610 1465 1465 21145 CA 1 0 0 0 1.00000 BILL SILVER 50 VALPARAISO AVENUE ATHERTON CA 94027 0 0 1 FINANCIAL AID IN AMOUNTS RANGING FROM $667 TO $33,390. 171 4239519 FMV FINANCIAL AID PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THESE ARE ALL FINANCIAL AID AWARDS, AND THE AWARDS ARE APPLIED DIRECTLY BY THE SCHOOL TO THE RECIPIENTS' TUITION BALANCE. THERE IS NO POSSIBILITY THAT THE AWARD COULD BE MISAPPLIED. X 1 1 X X X X X X 0 1 0 0 0 0 0 0 0 NORM COLB 319450 0 40615 0 28422 0 38784 0 7925 0 435196 0 0 0 BILL SILVER 202086 0 0 0 1980 0 24355 0 1951 0 230372 0 0 0 JOHN SCHAFER 154307 0 0 0 20454 0 21534 0 16959 0 213254 0 0 0 ERIN BRIGHAM 133905 0 0 0 1256 0 17611 0 13237 0 166009 0 0 0 DIANE CLAUSEN 142977 0 0 0 1905 0 17429 0 7935 0 170246 0 0 0 DAVID MCADOO 140142 0 0 0 1960 0 17879 0 8985 0 168966 0 0 0 ALEX PEREZ 117205 0 0 0 12431 0 13037 0 16679 0 159352 0 0 0 PART I, LINE 1A NORM COLB, HEAD OF SCHOOL & JOHN SCHAFER, DIRECTOR OF UPPER SCHOOL ARE PAID A HOUSING ALLOWANCE WHICH IN INCLUDED IN THEIR W-2 INCOME. PART I, LINE 4B NORM COLB, HEAD OF SCHOOL. RETIREMENT BENEFIT IN THE AMOUNT OF $1,122,000, PAID IN EQUAL INSTALLMENTS OVER A 17 YEAR PERIOD COMMENCING ON JULY 1, 2011. ABAG FINANCE AUTHORITY FOR NONPROFIT CORPORATIONS 943130123 00037CFH8 2003-11-20 15000000 ASSIST IN FINANCING CONSTRUCTION 0 0 0 15000000 377216 14622784 2004 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SUSAN COLB SPOUSE OF NORM COLB, HEAD OF SCHOOL 85486 TOTAL COMPENSATION 0 X 47 1613455 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 OUR FORM 990 IS PREPARED BY PROFESSIONAL INDEPENDENT ACCOUNTANTS. IT IS REVIEWED BY THE CFO/BUSINESS MANAGER AND THE CONTROLLER. FORM 990, PART VI, SECTION B, LINE 12C THE CFO/BUSINESS MANAGER SIGNS ALL CHECKS AND KNOWS THE VENDORS WITH WHOM WE DO BUSINESS. HE KNOWS THE IDENTITIES OF OUR BOARD MEMBERS AND IS ALWAYS MINDFUL AND AWARE OF ANY POTENTIAL CONFLICTS OF INTEREST. IF THERE WERE ANY RELATIONSHIPS BETWEEN BOARD MEMBERS AND VENDORS, WE WOULD GO THROUGH THE PROCESS OF ENSURING THAT ALL TRANSACTIONS WERE AT ARM'S LENGTH. WE HAVE STRENUOUSLY ENDEAVORED TO BE CERTAIN THAT THERE ARE NO CONFLICTS AND TO MONITOR OUR ACCOUNTS PAYABLE. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION FOR HEAD OF SCHOOL AND CFO/BUSINESS MANAGER IS APPROVED BY THE COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE BY REQUEST. GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE IN THE BOARD SECRETARY'S OFFICE. FINANCIAL STATEMENTS ARE IN THE BUSINESS OFFICE. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 5,458,961. FORM 990, PART XII, LINE 2C: NO CHANGE FROM PRIOR YEAR. MENLO SCHOOL AND MENLO COLLEGE 1000 EL CAMINO REAL ATHERTON CA 94027 941156656 SUPPORT ACTIVITIES OF ITS AFFILIATED ORGANIZATIONS, MENLO SCHOOL AND COLLEGE CA 501(C)(3) LINE 11A, I N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0