2012-12-18T16:31:28-06:00 2012-07-31 942513310 LAUTZE & LAUTZE 303 SECOND STREET SUITE 950N SAN FRANCISCO CA 94107 990 2011-08-01 941567656 MARIN MONTESSORI SCHOOL MARI 4159245388 5200 PARADISE DRIVE CORTE MADERA CA 949252107 JAMES MUNGER 4159245388 2012-12-13 1 ROGER BULOSAN P00221282 4155436900 2011 2016-02-24 21:20:13Z JAMES MUNGER 5200 PARADISE DRIVE CORTE MADERA CA 949252107 5597869 0 X WWW.MARINMONTESSORI.ORG X 1963 CA 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. 16 16 48 425 0 0 477144 564457 3796550 4848503 25057 17954 155639 0 4454390 5430914 0 813682 0 0 2729148 3022316 0 0 221636 1873343 3974210 4602491 7810208 -148101 -2379294 17934863 12769121 11804237 9017108 6130626 3752013 X 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. 0 0 5217316 813682 4848503 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. 5217316 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 34 0 1 48 1 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X DEBORAH S SNYDER DIRECTOR OF FINANCE 4159245388 5200 PARADISE DRIVE CORTE MADERA CA 949252107 JEFF SNIPES 2.00 X X 0 0 0 GLENN HOPKINS 2.00 X X 0 0 0 SUSAN KUSUMOTO 2.00 X X 0 0 0 HOLLY SCHEETZ 2.00 X X 0 0 0 ANDREW ARENBERG 2.00 X 0 0 0 STEVE CRANE 2.00 X 0 0 0 ROB EVANS 2.00 X 0 0 0 TODD HOLCOMB 2.00 X 0 0 0 CHRIS JONES 2.00 X 0 0 0 JULES LAYMAN 2.00 X 0 0 0 KATHIE PARSONS 2.00 X 0 0 0 WOODY PRICE 2.00 X 0 0 0 TIFFANY ROWE 2.00 X 0 0 0 HILAH SCHUTT 2.00 X 0 0 0 PAYTON STIEWE 2.00 X 0 0 0 TONY WHITE 2.00 X 0 0 0 JAMES MUNGER 40.00 X 169183 0 8459 DEBORAH SNYDER 40.00 X 104250 0 5213 ROBERT WIRTS 40.00 X 103104 0 5155 376537 0 18827 3 0 1 0 0 197108 367349 12680 564457 TUITION 611600 4848503 4848503 4848503 17513 17513 441 0 441 441 441 166955 197108 166955 0 5430914 4848503 0 17954 X 813682 813682 415853 268853 127925 19075 2006954 1868754 60200 78000 75444 67899 4527 3018 313542 293208 7775 12559 210523 189471 12631 8421 6127 6127 44317 44317 141085 53793 87292 25462 25462 212118 143133 58289 10696 16438 16438 298961 269065 17938 11958 14475 14475 514415 462973 30865 20577 781310 703179 46878 31253 85107 85107 IMPAIRMENT LOSS 1238559 1238559 EXPENSES DUE TO REFINAN 436327 436327 CONTINUING EDUCATION 41683 41683 FIELD TRIPS 38674 38674 79152 13719 39354 26079 7810208 5217316 2371256 221636 5024490 1802732 80583 101910 43160 47848 14227244 3628946 12457467 10598298 326663 215833 2500 2500 17934863 12769121 156208 114679 2564129 2688661 8810000 6146956 273900 66812 11804237 9017108 X 6107961 3743883 22665 8130 6130626 3752013 17934863 12769121 X -2379294 681 X X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2767693 2767693 10092527 2571367 7521160 396804 265858 130946 850695 780152 70543 119525 11569 107956 10598298 ACCRUED VACATION AND BENEFITS 41792 DEFERRED RENT 25020 66812 5430914 7810208 -2379294 681 681 -2378613 4784868 681 166955 167636 4617232 813682 813682 5430914 7163481 166955 166955 6996526 813682 813682 7810208 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. 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 SCHOOL ADVERTISED ITS NON-DISCRIMINATION POLICY IN THE LEGAL NOTICES SECTION OF THE SAN FRANCISCO CHRONICLE ON MAY 18, 2012. FARMERS' FETE - ANNUAL AUCTION AND 364063 197108 166955 23776 32410 2500 108269 364063 197108 166955 23776 32410 2500 108269 166955 0 1 TUITION ASSISTANCE 42 504589 TUITION TUITION REMISSION 9 90502 TUITION SHORT TERM TUITION RELIEF 15 218591 TUITION 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. X X X 0 0 0 0 0 0 0 0 0 JAMES MUNGER 162183 0 0 0 7000 0 8459 0 0 0 177642 0 0 0 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 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 681. 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.