2011-05-16T18:27:43-05:00 2010-06-30 HOOD & STRONG LLP CPAS 100 FIRST STREET 14th FLOOR SAN FRANCISCO CA 94105 990 2009-07-01 941633387 Nueva School NUEV 6503504600 6565 Skyline Blvd Hillsborough CA 94010 Diane Rosenberg 6503504600 2011-05-16 1 4157810793 2009 2016-02-24 21:20:13Z diane rosenberg 6565 Skyline Blvd Hillsborough CA 94010 36895685 0 X WWW.NUEVASCHOOL.ORG X 1967 CA INDEPENDENT SCHOOL OPERATING FOR EDUCATIONAL PURPOSES - STUDENTS GRADES PRE-K-8. 25 25 158 250 0 0 3344515 2680356 11079302 12663781 -203636 731132 -233830 -420670 13986351 15654599 969922 973239 0 6991839 7693815 0 525173 6132409 6181247 14094170 14848301 -107819 806298 53452485 53636661 15758337 15837012 37694148 37799649 INDEPENDENT SCHOOL OPERATING FOR EDUCATIONAL PURPOSES - STUDENTS GRADES PRE-K-8. 0 0 9255572 973239 12663781 The Nueva School is a nationally recognized child-centered independent school serving high ability students in pre-kindergarten through eighth grade, emphasizing integrated studies, creative arts, and social-emotional learning. Nueva offers a constructivist program, project-based learning, and specialists in the arts, reading, math, science, music, physical education, social-emotional learning, languages, and design thinking. 9255572 1 1 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 77 0 1 158 1 0 0 0 0 0 1 1 0 0 0 25 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X diane rosenberg 6503504600 6565 SKYLINE BLVD HILLSBOROUGH CA 94010 DENNIS WONG 1.00 X X 0 0 0 Bruce Cozadd 1.00 X X 0 0 0 BONNIE FOUGHT 1.00 X X 0 0 0 Leslie Itano 1.00 X X 0 0 0 Susan Barnes 1.00 X 0 0 0 DERrick bolton 1.00 X 0 0 0 sam bronfman 1.00 X 0 0 0 JON Fisher 1.00 X 0 0 0 EL GRAY 1.00 X 0 0 0 WILL HARVEY 1.00 X 0 0 0 DEIRDRE HEGARTY 1.00 X 0 0 0 James Isaacs 1.00 X 0 0 0 NEEru Khosla 1.00 X 0 0 0 SUSANNA LOEB 1.00 X 0 0 0 Patricia Love 0.00 X 0 0 0 LYNDA MARREN 1.00 X 0 0 0 STEVE Monosson 1.00 X 0 0 0 Karoly Nikolich 1.00 X 0 0 0 GEORGE PAVLOV 1.00 X 0 0 0 LIBBY RAAB 1.00 X 0 0 0 RUSSELL SIEGELMAN 1.00 X 0 0 0 K R SRIDHAR 1.00 X 0 0 0 JIM THOMPSON 1.00 X 0 0 0 Nina Thompson 0.00 X 0 0 0 Steve Vassallo 1.00 X 0 0 0 GRACE VOORHIS 1.00 X 0 0 0 JULI WEISS 1.00 X 0 0 0 Wendy Feltham 40.00 X 107234 0 8189 SHIRLEY DOXTAD 37.00 X 143848 0 12926 matthew levinson 40.00 X 150342 0 9729 MATT BERMAN 40.00 X 108073 0 10186 Terry Lee 40.00 X 166318 0 9337 Diane Rosenberg 40.00 X 436677 0 100050 1112492 0 150417 6 0 1 0 Sodexo Department 43283 Los Angeles CA 90088 Facilities Management 671674 DARIOUSH INC 5912 BAGSHOTTE DRIVE OAKLAND CA 94611 FOOD MANAGEMENT SERVICES 307428 FIRST STUDENT INC 24179 NETWORK PLACE CHICAGO IL 60673 SCHOOL BUS TRANSPORTATION 140404 Lighthouse Information Systems Inc 1150 Bascom Ave Ste 8 San Jose CA 95128 Information Technology 128162 TriNet 1100 San Leandro Blvd STE 400 San Leandro CA 94577 Payroll/Human Resources Outsourcing 120453 10 2313972 366384 235790 2680356 TUITION AND FEES 611600 11181584 11181584 Other program service 611710 1482197 1482197 12663781 275800 275800 21275748 20820416 455332 455332 455332 0 2313972 420670 -420670 -420670 15654599 12663781 0 310462 973239 973239 577309 577309 5853175 4727611 822083 303481 1263331 972437 233084 57810 49365 49365 32083 32083 1655485 622631 940365 92489 83203 49680 14087 19436 286169 88608 163650 33911 283062 282460 602 265275 265275 87591 78377 9214 62301 62301 1370904 1370904 64082 64082 MISCELLANEOUS 608723 373258 217419 18046 FIELD TRIP EXPENSE 460563 460563 HILLSIDE CAFE EXPENSE 245694 245694 INSTRUCTIONAL EXPENSE 225321 225282 39 STUDENT TRANSPORTATION 219429 219429 181997 181997 14848301 9255572 5067556 525173 602523 741425 5136409 6545423 1698681 526280 3540282 3063391 227816 177898 42237762 7205982 35937397 35031780 5399615 6568153 646921 814402 262841 167909 53452485 53636661 1404662 1198138 10653675 11298874 3700000 3340000 15758337 15837012 X 28537920 29106260 2217292 1191911 6938936 7501478 37694148 37799649 53452485 53636661 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6361538 562542 665118 258660 7330538 5841916 1146832 -451349 175861 6361538 1.00000 0 0 4752967 4752967 34481696 5355680 29126016 2987805 1850302 1137503 15294 15294 35031780 15654599 14848301 806298 -44363 -656434 -700797 105501 15057667 -44363 -552569 -596932 15654599 0 15654599 14295732 0 14295732 552569 552569 14848301 Part V, Line 4: Description of Intended Use of Endowment Funds: The School's endowment is invested in money market funds, mutual funds and exchange traded funds to generate general operating support to the organization. Its endowment includes donor-restricted endowment funds. New assets associated with endowment funds are classified and reported based on the existence or absence of donor-imposed restrictions. The School is reinvesting all interest and gain associated with its endowments. Accordingly, over the long term, the School expects the current spending policy to allow its endowment to grow at a reasonable premium over inflation annually. This is consistent with the organization's objective to maintain the purchasing power of the endowment assets held in perpetuity or for a specified term as well as to provide additional real growth through new gifts and investment return. Part X: Description of Uncertain Tax Positions Under FIN 48: The School is a tax exempt organization under Internal Revenue Service Code Section 501(c)(3) and the California tax code. The Financial Accounting Standards Board issued new guidance on accounting for uncertainty in income taxes. The School adopted this new guidance for the year ended June 30, 2010. Management evaluated the School's tax positions and concluded that the School had maintained its tax exempt status and had taken no uncertain tax positions that required adjustment to the financial statements. Therefore, no provision or liability for income taxes has been included in the financial statements. Part XI, Line 8 - Other Adjustments: Uncollectible pledge: -656434. Part XII, Line 2d - Other Adjustments: FINANCIAL AID AWARDS: -973239. Special Event expenses: 420670. Part XIII, Line 4b - Other Adjustments: FINANCIAL AID AWARDS: 973239. Special Events Expense: -420670. 1 1 1 The School publishes its nondiscrimination policy in the san francisco chronicle. 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 THE NUEVA SCHOOL ANNUAL FUND 1246745 1246745 44118 THE NUEVA BENEFIT AUCTION 1067227 1067227 376552 2313972 2313972 420670 420670 -420670 1 SCHOLARSHIPS 66 973239 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: The Nueva School's financial award grants are based solely on financial need. Sixteen percent of our students receive an award. We structure our awards by first serving those families currently receiving aid, then we address any requests made by enrolled families who have had a change in their financial status. Next, we address the needs of applicants. X 1 0 X X X X X 0 1 0 0 0 0 0 0 0 SHIRLEY DOXTAD 143848 0 0 0 0 0 6217 0 6709 0 156774 0 0 0 matthew levinson 115342 0 0 0 35000 0 3167 0 6562 0 160071 0 0 0 Terry Lee 166318 0 0 0 0 0 4208 0 5129 0 175655 0 0 0 Diane Rosenberg 265687 0 170990 0 0 0 63250 0 36800 0 536727 0 0 0 Part I, Line 1a .Matt Levinson received a $35,000 housing allowance, which was included in his W-2 wages. Diane Rosenberg is required to live in a school-owned house as a condition of employment and for convenience of the school. The annual fair market value is approximately $30,000 Part I, Line 4a Diane Rosenberg received a 457(f) deferred compensation payout of $170,990, earned over a 5 year period and vesting in 2009. X 12 139698 FAIR MARKET VALUE X Auction Items 33 96092 Fair Market Value 0 0 1 0 Method for Determining Number of Contributors: Part I, Column (b): The number of contributors reflects the number of donors giving each type of gift, not the number of items gifted. Form 990, Part VI, Section B, line 11 The taxpayer's accounting firm forwarded the Form 990 to the Finance Director for review. The Finance Director sent the Form 990 to the Executive Director and Associate Head/CFO/COO for review. The Executive Director and Associate Head/CFO/COO reviewed the Form 990 with the Board Executive Committee, consisting of the Board President, Vice President, and Treasurer. Subsequent to final reviews and approvals, Form 990 was sent to all Board trustees. Either the Associate Head/CFO/COO or Finance Director responded to questions from the Board. Form 990, Part VI, Section B, line 12c The conflict of interest policy is reviewed and discussed during one board meeting each year. Form 990, Part VI, Section B, line 15 Board compensation committee engaged an independent compensation consultant to obtain benchmark data, and assess the appropriate level of compensation for Executive Director. The school also prepared benchmark data available from ISBOA and NAIS surveys for compensation committee review. Form 990, Part VI, Section C, line 19 Public disclosure copy of tax returns, audited financials, and conflict of interest policy are available upon request. FORM 990, PART XI, line 8: The school utilizes its finance committee to oversee the audit. The role of the finance committee with regard to the audit has not changed from the prior year.