2011-05-13T15:40:50-05:00 2010-06-30 Armanino McKenna LLP 12667 Alcosta Boulevard Suite 500 San Ramon CA 945834427 990 2009-07-01 940338330 The Branson School BRAN 4154543612 PO Box 887 Ross CA 94957 andrew pauley 4154543612 2011-05-13 1 Bruce Coblentz 9257902600 2009 2016-02-24 21:20:13Z THOMAS W PRICE PO Box 887 Ross CA 94957 28684611 0 X www.branson.org X 1926 CA TO PROVIDE A QUALITY EDUCATION TO STUDENTS GRADES 9 THROUGH 12. 19 19 136 75 -24395 -24801 4333915 3916068 10386534 10720298 3869679 814548 171522 102362 18761650 15553276 1357415 1473200 0 7896632 7853655 0 782896 4411360 4772588 13665407 14099443 5096243 1453833 64524403 66016639 33075018 33229705 31449385 32786934 The Branson School maintains and conducts a secondary school for girls and boys in which they are provided with such instruction and education that shall be adequate for the preparation of students for admission to universities and colleges of the highest attainment. The Branson School encourages students to think critically, communicate clearly, develop their individual talents and interests, and pursue a life-long passion for learning. 0 0 9916183 1473200 10720298 THE SCHOOL PROVIDES A CO-EDUCATIONAL, NON-DENOMINATIONAL, COLLEGE PREPARATORY SCHOOL EDUCATION TO STUDENTS. 9916183 1 1 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 67 0 136 1 1 1 0 0 0 0 1 1 0 0 0 19 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 1 0 CA X ANDREW PAULEY DIR OF FIN & OPER 4154543612 PO Box 887 Ross CA 94957 SONYA COTERO ARRIOLA 1.00 X 0 0 0 MARLENE BATES 1.00 X 0 0 0 JAMES BUIE 1.00 X 0 0 0 LORI BYER 1.00 X 0 0 0 MARITA DALY 1.00 X 0 0 0 MICHELLE DOUGLAS 1.00 X 0 0 0 KATE DUHAMEL 1.00 X 0 0 0 ELLEN FAIR 1.00 X 0 0 0 DARLA FLANAGAN 1.00 X 0 0 0 DAVID GOLDEN 1.00 X 0 0 0 P JOSEPH GRASSO 1.00 X 0 0 0 REBECCA HOUSER 1.00 X 0 0 0 DAMON KERBY 1.00 X 0 0 0 AVID MODJTABAI 1.00 X 0 0 0 LIEBE PATTERSON 1.00 X 0 0 0 ALBERT RICHARDS 1.00 X 0 0 0 AMY ROSS 1.00 X 0 0 0 MICHAEL SOLOMON 1.00 X 0 0 0 KATIE VOGELHEIM 1.00 X 0 0 0 THOMAS W PRICE 40.00 X 363649 0 92790 WAYNE TAYLOR thru 83109 40.00 X 157051 0 13064 ANDREW PAULEY 40.00 X 69212 0 7842 JIHAD MIRZA 40.00 X 176203 0 35591 KAREN WHITAKER 40.00 X 115962 0 13209 KATHY SOAVE 40.00 X 114553 0 15133 DENNIS SHANNON 40.00 X 114204 0 12052 STEVE HEnRIKSON 40.00 X 109630 0 13242 1220464 0 202923 13 0 1 0 HERRERO CONTRACTORS INC 2100 OAKDALE AVENUE SAN FRANCISCO CA 94124 CONSTRUCTION 8294464 GEORGE'S LANDSCAPING INC 1194 EAGLE DRIVE WINDSOR CA 95492 LANDSCAPING SERVICES 674820 EDEN ROC CONSTRUCTION PO BOX 7003 CORTE MADERA CA 94976 CONSTRUCTION 512922 MARIN IT INC 4 MITCHELL BLVD SAN RAFAEL CA 94903 INFORMATION TECHNOLOGY SERVICES 336611 CHARTWELLS FILE 50196 LOS ANGELES CA 90074 FOOD SERVICE 327043 12 71326 3844742 552198 3916068 tuition and fees 611600 10615464 10615464 special programs 611600 52864 52864 summer programs 611600 51970 51970 10720298 570482 -24395 594877 89477 48179 41298 41298 41298 13270787 13026721 244066 244066 244066 74238 71326 56435 17803 17803 miscellaneous income 900099 43261 43261 43261 15553276 10720298 -24395 941305 1473200 1473200 575559 98607 378344 98608 5650203 3949452 1355103 345648 335796 218267 97496 20033 777909 492876 244553 40480 514188 294747 185455 33986 3783 3783 42500 42500 300643 121042 65176 114425 81993 9332 72661 274762 221926 41496 11340 273216 218573 54643 937350 504089 433261 30193 9777 5265 15151 153256 93446 50317 9493 853098 767788 85310 834970 596695 238275 29898 29898 OTHER EXPENSES 541084 441106 78907 21071 ATHLETIC PROGRAM 219052 219052 FINANCIAL AID RELATED E 173540 173540 BAD DEBT EXPENSE 23250 22000 1250 14099443 9916183 3400364 782896 730 1606522 15178983 8179534 5245519 2793848 1154043 1433012 356286 206475 37005228 12672694 18455753 24332534 14526306 22792214 7322676 2133715 2284107 2538785 64524403 66016639 2594135 927485 6950398 7873695 22500000 22500000 56300 35524 974185 1893001 33075018 33229705 X 5617404 4929452 13971193 14579807 11860788 13277675 31449385 32786934 64524403 66016639 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12422889 1416887 1454378 1153167 14140987 14906152 1190028 -3105392 567899 12422889 0.00000 0.93890 0.06110 0 0 133389 133389 33512240 10272479 23239761 3334536 2400215 934321 25063 25063 24332534 INTEREST RATE SWAP 1893001 1893001 15553276 14099443 1453833 -116284 -116284 1337549 14068406 -116284 104614 -11670 14080076 1473200 1473200 15553276 12730857 104614 104614 12626243 1473200 1473200 14099443 Part V, Line 4: Description of Intended Use of Endowment Funds: THE BRANSON SCHOOL ENDOWMENT FUNDS ARE PRIMARILY USED TO SUPPORT THE GENERAL OPERATIONS OF THE SCHOOL, INCLUDING FINANCIAL AID SUPPORT. Part X: Description of Uncertain Tax Positions Under FIN 48: THE SCHOOL HAS EVALUATED ITS CURRENT TAX POSITIONS AND HAS CONCLUDED THAT AS OF JUNE 30, 2010, THE SCHOOL DOES NOT HAVE ANY SIGNIFICANT UNCERTAIN TAX POSITIONS FOR WHICH A RESERVE WOULD BE NECESSARY. Part XII, Line 2d - Other Adjustments: special event expenseS INCLUDED IN REVENUE: 56435. RENTAL EXPENSES INCLUDED IN REVENUE: 48179. Part XII, Line 4b - Other Adjustments: TUITION ASSISTANCE/SCHOLARSHIPS: 1473200. Part XIII, Line 2d - Other Adjustments: special event expenseS INCLUDED IN REVENUE: 56435. RENTAL EXPENSES INCLUDED IN REVENUE: 48179. Part XIII, Line 4b - Other Adjustments: TUITION ASSISTANCE/SCHOLARSHIPS: 1473200. 1 1 1 Along with other schools, The Branson School has publicized its non-discrimination policy in the San Francisco Chronicle under "Public Notices (Non-Government)". 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 ALL THAT JAZZ 145564 71326 74238 0 0 5495 29732 875 20333 145564 71326 74238 5495 29732 875 20333 56435 17803 1 TUITION ASSISTANCE 62 1473200 FMV TUITION ASSISTANCE FOR STUDENTS ATTENDING THE BRANSON SCHOOL. Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: FINANCIAL AID IS AVAILABLE EXCLUSIVELY FOR STUDENTS ENROLLED AT THE BRANSON SCHOOL. X X X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 THOMAS W PRICE 308493 0 0 0 55156 0 12250 0 80540 0 456439 0 0 0 WAYNE TAYLOR (thru 83109) 107022 0 0 0 50029 0 8615 0 4449 0 170115 0 0 0 JIHAD MIRZA 175762 0 0 0 441 0 9788 0 25803 0 211794 0 0 0 Part I, Line 1a The school provides on-campus housing to the head of school. The value of this benefit has been included in Part VII of Form 990 and Schedule J in non-taxable benefits. The school continues to take the position that the facts support exclusion from taxable income. The Head of School's 2009/2010 contract included an $18,000 "discretionary fund" that the Head could use for childcare, personal travel, health club dues, etc. The entire $18,000 was reported as taxable income on the Head of School's W-2. He used some of this money for Health Club fees. Some for personal travel. The rest for childcare. The Board of Trustees decided to take this "discretionary fund" out of his 2010/2011 contract. The Head's contract also includes a cleaning stipend for the residence that the School provides him. The contract indicates that because the Head will be required to periodically use this residence to host school functions/events, the school will pay a cleaning service to keep the house clean. This amount paid directly to a cleaning service is not reflected as taxable income on the Head's W-2. Part I, Line 4a Wayne Taylor received a SERP distribution payment of $49,358.41 when he retired in August 2009. This amount was reflected as taxable income on Wayne's 2009 Form W-2. ABAG FINANCE AUTHORITY VARIABLE RATE DEMAND REVENUE BONDS SERIES 2008 943130123 00037CNF3 2008-08-01 22500000 CONSTRUCTION & ACQUISITION OF EDUCATIONAL FACILITIES 0 0 23008990 1545299 353203 21110488 2009 0 0 0 1 0 1 0 1 aegon institutional markets 18.000000000000 1 0 0 X 18 552198 fmv 0 1 0 Form 990, Part VI, Section B, line 11 The entire governing board was provided a copy of Form 990 prior to filing that included all schedules. However, for privacy reasons, donor names and addresses were excluded from Schedule B. Form 990, Part VI, Section B, line 12c Each board member is asked to sign the conflict of interest policy at the start of each school year. The disclosure statements are returned to the secretary of the board of trustees and any issues are discussed at the board level. Form 990, Part VI, Section B, line 15 The Head of School's compensation package is determined exclusively by the Board of Trustees. A compensation Committee of the Board of Trustees reviews Form 990s filed by comparable schools. A written employment contract is signed by the Board President and the Head of School. The Head of School is responsible for determining compensation and benefits for key employees of the School. A survey of compensation and benefits conducted by ISBOA, and organization of schools in the Bay Area, is used as a benchmark. Form 990, Part VI, Section C, line 19 As per IRS regulations, copies are made available upon request of the three most recent Forms 990 and 990-T. Other documents in which there is no legal requirement for disclosure are disclosed on a case-by-case basis. Form 990, Part XI, Line 2c: This process has not changed from prior year. SCHEDULE K, PART IV ARBITRAGE, LINE 6: EXCEPTION TO REBATE - THE BRANSON SCHOOL IS IN THE PROCESS OF DETERMINING WHETHER OR NOT THE SCHOOL QUALIFIES FOR AN EXCEPTION TO REBATE. THE SCHOOL IS WORKING WITH LEGAL COUNSEL TO BE SURE THAT FILING REQUIREMENTS ARE MADE ON A TIMELY BASIS AND THAT COMPLIANCE ISSUES HAVE BEEN IDENTIFIED AND REVIEWED. AT JUNE 30, 2010, THERE WERE ELIGIBLE REIMBURSABLE EXPENDITURES THAT WERE NOT YET REIMBURSED FROM BOND PROCEEDS.