MARIN MONTESSORI SCHOOL INC: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- MARIN MONTESSORI SCHOOL INC (EIN 94-1567656)
- Tax period
- 2011-08-01 to 2012-07-31
- Filed
- 2012-12-18
- IRS object ID
- 201243539349300684
- Schema version
- 2011v1.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule G
- Schedule I
- Schedule J
- Schedule L
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-12-18T16:31:28-06:00 | Timestamp |
| Tax Period End Date | 2012-07-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 942513310 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LAUTZE & LAUTZE | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 303 SECOND STREET SUITE 950N | AddressLine1 |
| City | SAN FRANCISCO | City |
| State | CA | State |
| ZIP Code | 94107 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-08-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 941567656 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MARIN MONTESSORI SCHOOL | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | MARI | NameControl |
| Phone | 4159245388 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5200 PARADISE DRIVE | AddressLine1 |
| City | CORTE MADERA | City |
| State | CA | State |
| ZIP Code | 949252107 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JAMES MUNGER | Name |
| Title | HEAD OF SCHOOL | Title |
| Phone | 4159245388 | Phone |
| Date Signed | 2012-12-13 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | ROGER BULOSAN | Name |
| PTIN | P00221282 | PTIN |
| Phone | 4155436900 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | JAMES MUNGER | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5200 PARADISE DRIVE | AddressLine1 |
| City | CORTE MADERA | City |
| State | CA | State |
| ZIP Code | 949252107 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 5597869 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.MARINMONTESSORI.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1963 | YearFormation |
| State Legal Domicile | CA | StateLegalDomicile |
| Activity Or Mission Description | TO NURTURE THE DEVELOPMENT OF EACH STUDENT IN THE COMMUNITY TO HIS OR HER POTENTIAL - AN INDEPENDENT, RESPONSIBLE, COMPASSIONATE, LEARNED INDIVIDUAL WHO THINKS CRITICALLY AND REALIZES CLEARLY HIS OR HER ROLE IN THE WORLD. MMS'S MISSION IS TO PROVIDE EDUCATION FOR LIFE. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 16 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 16 | NbrIndependentVotingMembers |
| Total Nbr Employees | 48 | TotalNbrEmployees |
| Total Nbr Volunteers | 425 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 477144 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 564457 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 3796550 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 4848503 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 25057 | InvestmentIncomePriorYear |
| Investment Income Current Year | 17954 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 155639 | OtherRevenuePriorYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 4454390 | TotalRevenuePriorYear |
| Total Revenue Current Year | 5430914 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 813682 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 2729148 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 3022316 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 221636 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 1873343 | OtherExpensePriorYear |
| Other Expenses Current Year | 3974210 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 4602491 | TotalExpensesPriorYear |
| Total Expenses Current Year | 7810208 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -148101 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -2379294 | RevenuesLessExpensesCY |
| Total Assets BOY | 17934863 | TotalAssetsBOY |
| Total Assets EOY | 12769121 | TotalAssetsEOY |
| Total Liabilities BOY | 11804237 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 9017108 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 6130626 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 3752013 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | TO NURTURE THE DEVELOPMENT OF EACH STUDENT IN THE COMMUNITY TO HIS OR HER POTENTIAL - AN INDEPENDENT, RESPONSIBLE, COMPASSIONATE, LEARNED INDIVIDUAL WHO THINKS CRITICALLY AND REALIZES CLEARLY HIS OR HER ROLE IN THE WORLD. MMS'S MISSION IS TO PROVIDE EDUCATION FOR LIFE. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 5217316 | Expense |
| Grants | 813682 | Grants |
| Revenue | 4848503 | Revenue |
| Description | EDUCATIONAL PROGRAMSSTUDENTS ENTERING MARIN MONTESSORI'S SCHOOL WILL ENJOY A PROGRAM UNIQUELY DESIGNED TO MEET THE DEVELOPMENTAL NEEDS OF STUDENTS FROM AGE 18 MONTHS TO GRADE 9. BEGINNING AT THE TODDLER LEVEL, CHILDREN WILL ENJOY A MONTESSORI EXPERIENCE IN A SMALL GROUP SETTING. THE ENVIRONMENT HAS BEEN CAREFULLY PREPARED TO MEET THE UNIQUE NEEDS OF THIS AGE GROUP. PRIMARY CLASSROOMS OFFER A UNIQUE CLASSROOM STRUCTURE WITH CHILDREN STAYING IN THE SAME CLASS FOR THREE TO FOUR YEARS, UNTIL THEY COMPLETE THE FULL PRIMARY CYCLE AND ARE READY TO CONTINUE ON TO OUR ELEMENTARY LEVEL. ELEMENTARY LEVEL CHILDREN HAVE BUILT A SOLID FOUNDATION OF SKILLS THAT CAN NOW BE USED TO EXTEND THE ALMOST LIMITLESS HORIZON OF AN ELEMENTARY CLASSROOM. THE FACTORS, COMBINE WITH THE LITERACY AND NUMERACY DEVELOPED IN THE PRIMARY CLASSROOMS, NOW FORM THE SPRINGBOARD FOR THE IN-DEPTH RESEARCH AND EXPERIMENTATION WHICH HOLD SUCH AN INTEREST FOR THESE CHILDREN. THE FINAL STAGE OF THE MARIN MONTESSORI SCHOOL EXPERIENCE IS OUR JR. HIGH PROGRAM. DESIGNED TO MEET THE NEEDS OT STUDENTS AGED 12 - 15, THESE SCHOLARS BENEFIT FROM WORKING THE LAND AT THE ST. VINCENTS' CAMPUS, AND CONTINUING TO LEARN IN ENVIRONMENTS SPECIALLY PREPARED FOR THESE ADOLESCENT YOUTH. | Description |
| Total Program Service Expense | 5217316 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 1 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 1 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 34 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 48 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 16 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 16 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | CA | StatesWhereCopyOfReturnIsFiled |
| Own Website | X | OwnWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DEBORAH S SNYDER DIRECTOR OF FINANCE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 4159245388 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5200 PARADISE DRIVE | AddressLine1 |
| City | CORTE MADERA | City |
| State | CA | State |
| ZIP Code | 949252107 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (19 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|
| JEFF SNIPES | ||||||
| PRESIDENT | 2.00 | X | X | 0 | 0 | 0 |
| GLENN HOPKINS | ||||||
| VICE PRESIDENT | 2.00 | X | X | 0 | 0 | 0 |
| SUSAN KUSUMOTO | ||||||
| TREASURER | 2.00 | X | X | 0 | 0 | 0 |
| HOLLY SCHEETZ | ||||||
| SECRETARY | 2.00 | X | X | 0 | 0 | 0 |
| ANDREW ARENBERG | ||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | |
| STEVE CRANE | ||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | |
| ROB EVANS | ||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | |
| TODD HOLCOMB | ||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | |
| CHRIS JONES | ||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | |
| JULES LAYMAN | ||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | |
| KATHIE PARSONS | ||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | |
| WOODY PRICE | ||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | |
| TIFFANY ROWE | ||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | |
| HILAH SCHUTT | ||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | |
| PAYTON STIEWE | ||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | |
| TONY WHITE | ||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | |
| JAMES MUNGER | ||||||
| HEAD OF SCHOOL | 40.00 | X | 169183 | 0 | 8459 | |
| DEBORAH SNYDER | ||||||
| DIRECTOR OF FINANCE | 40.00 | X | 104250 | 0 | 5213 | |
| ROBERT WIRTS | ||||||
| JUNIOR HIGH DIRECTOR | 40.00 | X | 103104 | 0 | 5155 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 376537 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 18827 | TotalOtherCompensation |
| Number Individuals GT100 K | 3 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| Fundraising Events | 197108 | FundraisingEvents |
| All Other Contributions | 367349 | AllOtherContributions |
| Noncash Contributions | 12680 | NoncashContributions |
| Total Contributions | 564457 | TotalContributions |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | TUITION | Description |
| Business Code | 611600 | BusinessCode |
| Total Revenue Column | 4848503 | TotalRevenueColumn |
| Related Or Exempt Function Income | 4848503 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 4848503 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 17513 | TotalRevenueColumn |
| Exclusion | $17,513 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 441 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 0 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 441 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 441 | TotalRevenueColumn |
| Exclusion | $441 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 166955 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 197108 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 166955 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 5430914 | TotalRevenueColumn |
| Related Or Exempt Function Income | 4848503 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $17,954 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | X | InfoInScheduleOPartIX |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 813682 | Total |
| Program Services | 813682 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 415853 | Total |
| Program Services | 268853 | ProgramServices |
| Management And General | 127925 | ManagementAndGeneral |
| Fundraising | 19075 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2006954 | Total |
| Program Services | 1868754 | ProgramServices |
| Management And General | 60200 | ManagementAndGeneral |
| Fundraising | 78000 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 75444 | Total |
| Program Services | 67899 | ProgramServices |
| Management And General | 4527 | ManagementAndGeneral |
| Fundraising | 3018 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 313542 | Total |
| Program Services | 293208 | ProgramServices |
| Management And General | 7775 | ManagementAndGeneral |
| Fundraising | 12559 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 210523 | Total |
| Program Services | 189471 | ProgramServices |
| Management And General | 12631 | ManagementAndGeneral |
| Fundraising | 8421 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6127 | Total |
| Management And General | 6127 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 44317 | Total |
| Management And General | 44317 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 141085 | Total |
| Program Services | 53793 | ProgramServices |
| Management And General | 87292 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 25462 | Total |
| Management And General | 25462 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 212118 | Total |
| Program Services | 143133 | ProgramServices |
| Management And General | 58289 | ManagementAndGeneral |
| Fundraising | 10696 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 16438 | Total |
| Program Services | 16438 | ProgramServices |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 298961 | Total |
| Program Services | 269065 | ProgramServices |
| Management And General | 17938 | ManagementAndGeneral |
| Fundraising | 11958 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 14475 | Total |
| Program Services | 14475 | ProgramServices |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 514415 | Total |
| Program Services | 462973 | ProgramServices |
| Management And General | 30865 | ManagementAndGeneral |
| Fundraising | 20577 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 781310 | Total |
| Program Services | 703179 | ProgramServices |
| Management And General | 46878 | ManagementAndGeneral |
| Fundraising | 31253 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 85107 | Total |
| Management And General | 85107 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Management And GeneralManagementAndGeneral | Program ServicesProgramServices |
|---|---|---|---|
| IMPAIRMENT LOSS | 1238559 | 1238559 | |
| EXPENSES DUE TO REFINAN | 436327 | 436327 | |
| CONTINUING EDUCATION | 41683 | 41683 | |
| FIELD TRIPS | 38674 | 38674 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 79152 | Total |
| Program Services | 13719 | ProgramServices |
| Management And General | 39354 | ManagementAndGeneral |
| Fundraising | 26079 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7810208 | Total |
| Program Services | 5217316 | ProgramServices |
| Management And General | 2371256 | ManagementAndGeneral |
| Fundraising | 221636 | Fundraising |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5024490 | BOY |
| EOY | 1802732 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 80583 | BOY |
| EOY | 101910 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 43160 | BOY |
| EOY | 47848 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 14227244 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 3628946 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12457467 | BOY |
| EOY | 10598298 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 326663 | BOY |
| EOY | 215833 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2500 | BOY |
| EOY | 2500 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 17934863 | BOY |
| EOY | 12769121 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 156208 | BOY |
| EOY | 114679 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2564129 | BOY |
| EOY | 2688661 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8810000 | BOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 6146956 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 273900 | BOY |
| EOY | 66812 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11804237 | BOY |
| EOY | 9017108 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6107961 | BOY |
| EOY | 3743883 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 22665 | BOY |
| EOY | 8130 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6130626 | BOY |
| EOY | 3752013 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 17934863 | BOY |
| EOY | 12769121 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -2379294 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 681 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2767693 | OtherCostOrOtherBasis |
| Book Value | 2767693 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 10092527 | OtherCostOrOtherBasis |
| Depreciation | 2571367 | Depreciation |
| Book Value | 7521160 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 396804 | OtherCostOrOtherBasis |
| Depreciation | 265858 | Depreciation |
| Book Value | 130946 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 850695 | OtherCostOrOtherBasis |
| Depreciation | 780152 | Depreciation |
| Book Value | 70543 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 119525 | OtherCostOrOtherBasis |
| Depreciation | 11569 | Depreciation |
| Book Value | 107956 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 10598298 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| ACCRUED VACATION AND BENEFITS | $41,792 |
| DEFERRED RENT | $25,020 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 66812 | TotalOfAmounts |
| Total Revenue | 5430914 | TotalRevenue |
| Total Expenses | 7810208 | TotalExpenses |
| Excess Or Deficit For Year | -2379294 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 681 | NetUnrealizedGLOnInvestments |
| Total Adjustments | 681 | TotalAdjustments |
| Excess Or Deficit Per FS | -2378613 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 4784868 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 681 | NetUnrealizedGainsInvestments |
| Other Revenues | 166955 | OtherRevenues |
| Revenue Not Rptd F990 | 167636 | RevenueNotRptdF990 |
| Revenue Subtotal | 4617232 | RevenueSubtotal |
| Other Revenues Not Included | 813682 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 813682 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 5430914 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 7163481 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 166955 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 166955 | ExpensesNotRptdF990 |
| Expenses Subtotal | 6996526 | ExpensesSubtotal |
| Other Expenses Not Included | 813682 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 813682 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 7810208 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (5 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X: | THE SCHOOL FOLLOWS 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 ORGANIZATIONS TO DISCLOSE ADDITIONAL QUANTITATIVE AND QUALITATIVE INFORMATION IN THEIR FINANCIAL STATEMENTS ABOUT UNCERTAIN TAX POSITIONS. THE SCHOOL'S EVALUATION ON JULY 31, 2012 REVEALED NO TAX POSITIONS THAT WOULD HAVE A MATERIAL IMPACT ON THE FINANCIAL STATEMENTS. THE 2008 THROUGH 2011 TAX YEARS REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. IN ADDITION, THE 2007 THROUGH 2011 TAX YEARS 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: | FUNDRAISING EXPENSES 166,955. | |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | GRANTS AND OTHER ASSISTANCE TO INDIVIDUALS 813,682. | |
| PART XIII, LINE 2D - OTHER ADJUSTMENTS: | FUNDRAISING EXPENSES 166,955. | |
| PART XIII, LINE 4B - OTHER ADJUSTMENTS: | GRANTS AND OTHER ASSISTANCE TO INDIVIDUALS 813,682. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 0 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION | Identifier |
| Return Reference | SCHEDULE E, PART I, LINE 3 | ReturnReference |
| Explanation | THE SCHOOL ADVERTISED ITS NON-DISCRIMINATION POLICY IN THE LEGAL NOTICES SECTION OF THE SAN FRANCISCO CHRONICLE ON MAY 18, 2012. | Explanation |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | FARMERS' FETE - ANNUAL AUCTION AND | NameOfEvent1 |
| Gross Receipts Event1 | 364063 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 197108 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 166955 | GrossRevenueEvent1 |
| Rent Facility Costs Event1 | 23776 | RentFacilityCostsEvent1 |
| Food And Beverage Event1 | 32410 | FoodAndBeverageEvent1 |
| Entertainment Event1 | 2500 | EntertainmentEvent1 |
| Other Direct Expenses Event1 | 108269 | OtherDirectExpensesEvent1 |
| Gross Receipts Total | 364063 | GrossReceiptsTotal |
| Charitable Contributions Total | 197108 | CharitableContributionsTotal |
| Gross Revenue Total Events | 166955 | GrossRevenueTotalEvents |
| Rent Facility Costs Total Events | 23776 | RentFacilityCostsTotalEvents |
| Food And Beverage Total Events | 32410 | FoodAndBeverageTotalEvents |
| Entertainment Total Events | 2500 | EntertainmentTotalEvents |
| Other Direct Expenses Total Events | 108269 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 166955 | DirectExpenseSummaryEvents |
| Net Income Summary | 0 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII (3 entries)
| Type Of GrantTypeOfGrant | Number Of RecipientsNumberOfRecipients | Amount Of Non Cash AssistanceAmountOfNonCashAssistance | Description Of Non Cash AssistanceDescriptionOfNonCashAssistance |
|---|---|---|---|
| TUITION ASSISTANCE | 42 | 504589 | TUITION |
| TUITION REMISSION | 9 | 90502 | TUITION |
| SHORT TERM TUITION RELIEF | 15 | 218591 | TUITION |
Form990 Schedule I Part IV Form990ScheduleIPartIV (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | PART I, LINE 2: | SCHEDULE I, PART I, LINE 2: TUITION ASSISTANCE AWARDS ARE MADE TO FAMILIES THAT HAVE APPLIED THROUGH THE SSS (SCHOOL AND STUDENT SERVICES) ON-LINE APPLICATION PROCESS. THE TUITION ASSISTANCE COMMITTEE DETERMINES AWARDS, AND A LETTER IS SENT TO THE FAMILY AND ALSO TO THE BILLING DEPARTMENT. NO CASH IS ACTUALLY PAID TO THE FAMILY; INSTEAD A CREDIT IS APPLIED TO THE STUDENTS' ACCOUNTS. |
| TUITION REMISSION IS USED FOR INTERNAL SCHOOL TUITION COSTS. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Written Employment Contract | X | WrittenEmploymentContract |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | JAMES MUNGER | NamePerson |
| Base Compensation Filing Org | 162183 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 0 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 0 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 7000 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 8459 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 0 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 177642 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 0 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV (2 entries)
| RelationshipRelationship | Amount Of TransactionAmountOfTransaction | Description Of TransactionDescriptionOfTransaction | Sharing Of RevenuesSharingOfRevenues |
|---|---|---|---|
| HOLLY SCHEETZ | |||
| MEMBER OF THE BOARD OF TRUSTEES | 116727 | HOLLY SCHEETZ WAS A HOLDER OF $109,091 OF THE SERIES 2008 BONDS ISSUED ON 8/1/2008 BY THE SCHOOL. THE SERIES 2008 BONDS WERE REPAID IN FULL IN DECEMBER 2011. THE INTEREST PAID BY THE SCHOOL TO THE HOLDER IS $7,636 FOR THE TAX YEAR. | 0 |
| JEFF SNIPES | |||
| PRESIDENT OF THE BOARD OF TRUSTEES | 292418 | JEFF SNIPES WAS A HOLDER OF $272,727 OF THE SERIES 2008 BONDS ISSUED ON 8/1/2008 BY THE SCHOOL. THE SERIES 2008 BONDS WERE REPAID IN FULL IN DECEMBER 2011. THE INTEREST PAID BY THE SCHOOL TO THE HOLDER IS $19,691 FOR THE TAX YEAR. | 0 |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (9 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | AN ELECTRONIC COPY OF THE DRAFT FORM 990 WAS DISTRIBUTED TO ALL FINANCE COMMITTEE MEMBERS PRIOR TO THE RETURN BEING FINALIZED AND APPROVED. PER BOARD DIRECTIVE, THE FINANCE COMMITTEE HAS OVERSIGHT AND RIGHT OF APPROVAL FOR THE FORM 990 AND ITS CONTENTS. THE POLICY IS MONITORED THROUGH THE FINANCE COMMITTEE. APPROVAL OF THE FORM IS A STANDARD AGENDA ITEM AT THE DECEMBER COMMITTEE MEETING. THE APPROVAL (OR DISAPPROVAL) IS THEN REPORTED AT THE BOARD LEVEL AND COPIES ARE AVAILABLE TO BOARD MEMBERS SHOULD THEY REQUEST A COPY. | |
| FORM 990, PART VI, SECTION B, LINE 12C | MMS HAS A WRITTEN CONFLICT OF INTEREST POLICY. EACH BOARD MEMBER IS ASKED AT THE ANNUAL RETREAT MEETING TO SIGN A NEW FORM. THE POLICY IS REVIEWED ANNUALLY TO ENSURE COMPLIANCE, AND DURING THE YEAR, THE BOARD AND COMMITTEES ARE AWARE OF NOT BEING IN CONFLICT OF INTEREST ON NEW ISSUES. | |
| FORM 990, PART VI, SECTION B, LINE 15 | COMPENSATION FOR THE HEAD OF SCHOOL IS REVIEWED BY THE PRESIDENT OF THE BOARD OF TRUSTEES AND THE TREASURER. OTHER SENIOR STAFF COMPENSATION IS DETERMINED BY THE HEAD OF SCHOOL, AND AN ANALYSIS OF COMPARATIVE LOCAL SCHOOLS, USING A SURVEY SUCH AS WHAT ISBOA PROVIDES. | |
| FORM 990, PART VI, SECTION C, LINE 19 | CERTAIN APPROVED DOCUMENTS CAN BE FOUND ON THE "BEHIND THE WALL" SECTION OF THE MARIN MONTESSORI SCHOOL WEBSITE. THIS SECTION IS LIMITED TO STAFF, FACULTY, AND PARENTS. THE CONFLICT OF INTEREST POLICY IS NOT LOCATED ON THE WEBSITE, BUT INSTEAD IS INCLUDED IN THE BOARD OF TRUSTEES MANUAL. CONDENSED FINANCIAL INFORMATION CAN BE FOUND IN THE SCHOOL'S ANNUAL REPORT. | |
| PART IX, LINE 24A, IMPAIRMENT LOSS EXPENSE: | DURING THE YEAR ENDED JULY 31, 2012, THE BOARD OF TRUSTEES DECIDED THAT THE SCHOOL WOULD NO LONGER BUILD A CAMPUS ON THE OXFORD VALLEY PROPERTY, AND AS A RESULT, THE SCHOOL RECOGNIZED AN IMPAIRMENT LOSS OF APPROXIMATELY $1.2 MILLION FOR THE CONSTRUCTION IN PROGRESS AND CAPITALIZED INTEREST INCURRED TO DATE. THE IMPAIRED ASSET WAS REDUCED TO ITS ESTIMATED FAIR VALUE OF $2.5 MILLION BASED ON A CURRENT APPRAISAL. | |
| PART X, LINE 20, TAX-EXEMPT BOND LIABILITIES: | DURING THE YEAR ENDED JULY 31, 2012, ALL OF THE BONDS (SERIES 2003 AND 2008) WERE PAID OFF. THE REDEMPTION PREMIUM OF APPROXIMATELY $114,000 AND THE WRITE OFF OF UNAMORTIZED BOND ISSUANCE COSTS OF APPROXIMATELY $319,000 ARE INCLUDED IN EXPENSES DUE TO REFINANCING IN THE STATEMENT OF FUNCTIONAL EXPENSES. | |
| FORM 990, PART XI, LINE 5: | NET UNREALIZED GAINS ON INVESTMENTS: 681. | CHANGES IN NET ASSETS OR FUND BALANCES: |
| FORM 990, PART XII, LINE 2(C): | THERE IS NO CHANGE OF THE PROCESS FROM PRIOR YEARS. | |
| SUPPLEMENTAL INFORMATION | THE SCHOOL'S FISCAL YEAR END WILL CHANGE TO JUNE 30, EFFECTIVE FOR THE PERIOD ENDING JUNE 30, 2013. |