2011-05-13T12:50:01-05:00 2010-06-30 LAUTZE & LAUTZE 303 SECOND STREET SUITE 950N SAN FRANCISCO CA 94107 990 2009-07-01 943204137 MENLO SCHOOL MENL 6503302000 50 VALPARAISO AVENUE ATHERTON CA 94027 BILL SILVER 6503302000 2011-05-12 1 ROGER BULOSAN 4155436900 2009 2016-02-24 21:20:13Z NORM COLB 50 VALPARAISO AVENUE ATHERTON CA 94027 84392847 0 X WWW.MENLOSCHOOL.ORG X 1994 CA ESTABLISH AND OPERATE AS AN EDUCATIONAL INSTITUTION FOR THE EDUCATION OF YOUNG MEN AND WOMEN. 32 32 316 872 -22987 -3776 7892732 51708868 24083486 25263162 -1109346 101193 2662945 3078761 33529817 80151984 3448721 3789965 0 18879049 18922656 0 896403 12178159 11496830 34505929 34209451 -976112 45942533 113043589 167374698 34562321 40243447 78481268 127131251 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 31594639 3789965 28265815 INSTRUCTION FOR GRADES 6 TO 12 FOR APPROXIMATELY 790 STUDENTS. 31594639 1 1 0 0 0 0 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 1 143 0 1 316 1 1 1 0 0 0 0 0 0 0 0 32 32 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 1 0 1 1 0 CA X BILL SILVER CHIEF FINANCIAL OFFICE 6503302001 50 VALPARAISO AVENUE ATHERTON CA 94027 SUSAN FORD DORSEY X 0 0 0 STU FRANCIS X 0 0 0 SARA ABBASI X 0 0 0 JEFF BERRY X 0 0 0 TITO BIANCHI X 0 0 0 JIM BREYER X 0 0 0 DOUG CLENDENNING X 0 0 0 KEN DIEKROEGER X 0 0 0 MARK DOUGLASS X 0 0 0 JUDGE LEONARD EDWARDS X 0 0 0 RYAN ENRIGHT X 0 0 0 JAY HOAG X 0 0 0 MICHAEL HUNT X 0 0 0 GREG JOHNSON X 0 0 0 DOUG MACKENZIE X 0 0 0 LYNDA MARREN X 0 0 0 MATT MATTESON X 0 0 0 BILL MITCHELL X 0 0 0 BETSY PACE X 0 0 0 UMESH PADVAL X 0 0 0 PHIL QUIGLEY X 0 0 0 ANDY RACHLEFF X 0 0 0 DEBBIE ROBBINS X 0 0 0 RICO ROSALES X 0 0 0 MARK ROSEKIND X 0 0 0 NANCY SERRURIER X 0 0 0 STACY SIEBEL X 0 0 0 RICHARD STEINY X 0 0 0 NANCY SUITER X 0 0 0 TERRY THYGESEN X 0 0 0 ERIC TOM X 0 0 0 GEOFFREY YANG X 0 0 0 NORM COLB 40.00 X 386787 0 43728 JULIE JOHNSON 40.00 X 72030 0 49276 BILL SILVER 40.00 X 214574 0 27661 JOHN SCHAFER 40.00 X 175018 0 36785 ERIN BRIGHAM 40.00 X 132051 0 29521 DIANE CLAUSEN 40.00 X 143034 0 25279 DAVID MCADOO 40.00 X 141599 0 26011 ALEX PEREZ 40.00 X 128520 0 28120 JUDY PIERSON 40.00 X 130956 0 23982 1524569 0 290363 33 0 1 0 VANCE M BROWN & SONS INC 3197 PARK BLVD PALO ALTO CA 94306 CONSTRUCTION 13123008 GUARDSMARK FILE 6498 LOS ANGELES CA 90074 SECURITY 291339 KEVIN HART ARCHITECTURE 98 BATTERY ST SUITE 202 SAN FRANCISCO CA 94111 ARCHITECT 285872 KIRKPATRICK & LOCKHART PRESTON GATES ELL 630 HANSEN WAY PALO ALTO CA 94304 LEGAL 205010 ARTISTLED 210 WEST 78TH ST APT 6B NEW YORK NY 10024 ARTISTIC 187002 8 359605 51349263 33769253 51708868 STUDENT TUITION 611600 25263162 25263162 25263162 177040 177040 12300 12300 12300 12300 3642504 11200 3637975 91576 4529 -80376 -75847 -22987 -52860 461100 359605 461100 0 25513 981 24532 24532 88507 49231 39276 39276 music@menlo 611600 1418899 1418899 OTHER 611600 1006228 1006228 child care revenue 624410 245886 245886 331640 331640 3002653 80151984 28265815 -22987 200288 3789965 3789965 993161 592751 314326 86084 14095493 13467277 267636 360580 1464259 1389471 32244 42544 1319929 1254764 31443 33722 1049814 971170 47465 31179 275381 11428 263953 85479 85479 1952564 1763503 136273 52788 32324 32229 95 1414467 1323098 61644 29725 58388 19363 39025 593136 575030 18106 394679 392466 531 1682 82454 257 82197 3019402 2808044 120776 90582 450487 315885 134602 music@menlo 1457022 1457022 OFFICE & PROGRAM 405298 372644 30994 1660 ENTRANCE FEES 369545 369545 MISCELLANEOUS 132539 94801 17463 20275 BUSINESS PROGRAM SERVIC 129225 129225 644440 464701 34157 145582 34209451 31594639 1718409 896403 4131348 11999616 28831846 18073498 7458103 13260397 330057 733064 1207000 1207000 61729 48418 517941 354560 120404807 25468519 46272612 94936288 23516901 25963649 301772 289196 414280 509012 113043589 167374698 3553447 8195493 16008874 16773998 15000000 15000000 0 273956 34562321 40243447 X 58094764 99516444 10370388 17193764 10016116 10421043 78481268 127131251 113043589 167374698 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 26367000 980000 2859000 1127000 29079000 31282000 1221000 -5091000 1045000 26367000 0.54030 0.41400 0.04570 0 0 32700000 32700000 72831757 13688181 59143576 4638537 3572698 1065839 5100119 4693397 406722 5134394 3514243 1620151 94936288 LIMITED PARTNERSHIP INTERESTS 25963649 F 25963649 SWAP AGREEMENT PAYABLE 273956 273956 80151984 34209451 45942533 2707442 8 2707450 48649983 79080000 2981398 -224725 2756673 76323327 3828657 3828657 80151984 30430000 80376 47921 128297 30301703 3907748 3907748 34209451 Part V, Line 4: Description of Intended Use of Endowment Funds: THE SCHOOL INTENDS TO HOLD ITS ENDOWMENT FUND FOR THE LONG TERM AND USE THE EARNINGS TO SUPPORT THEIR PROGRAMS. Part X: Description of Uncertain Tax Positions Under FIN 48: 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. 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 Schools adoption of this standard did not have a material impact on the financial statements. The Schools evaluation on June 30, 2010 revealed no tax positions that would have a material impact on the financial statements. The 2006 through 2009 tax years remain subject to examination by the Internal Revenue Service. In addition, the tax years 2005 through 2009 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 XI, Line 8 - Other Adjustments: ROUNDING Part XII, Line 2d - Other Adjustments: COST OF GOODS SOLD: 49231. UNREALIZED GAIN (LOSS) ON SWAP: -273956. Part XII, Line 4b - Other Adjustments: financial aid and scholarships (netted against tuition): 3789965. LOSS ON DISPOSALS: -80376. PARENTS ASSOCIATION: 117783. ROUNDING: 1285. Part XIII, Line 2d - Other Adjustments: COST OF GOODS SOLD: 49231. ROUNDING: -1310. Part XIII, Line 4b - Other Adjustments: financial aid and scholarships (netted against tuition): 3789965. PARENTS ASSOCIATION EXPENSE: 117783. 1 1 1 the racial nondiscriminatory policy was published in the san francisco chronicle on May 18, 2010. The policy is also stated on the School's website and Admissions materials. 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 BENEFIT AUCTION, FASHION SHOW 820705 359605 461100 2862 73795 120090 2675 261678 820705 359605 461100 2862 73795 120090 2675 261678 461100 0 25513 981 1 1.00000 25513 981 981 24532 CA 1 0 0 0 1.00000 BILL SILVER 50 VALPARAISO AVENUE ATHERTON CA 94027 0 0 1 FINANCIAL AID IN AMOUNTS RANGING FROM $713 TO $31,800. 171 3789965 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 317750 0 40615 0 28422 0 36201 0 7527 0 430515 0 0 0 BILL SILVER 212594 0 0 0 1980 0 25614 0 2047 0 242235 0 0 0 JOHN SCHAFER 154564 0 0 0 20454 0 21321 0 15464 0 211803 0 0 0 ERIN BRIGHAM 131389 0 0 0 662 0 17400 0 12121 0 161572 0 0 0 DIANE CLAUSEN 141157 0 0 0 1877 0 17218 0 8061 0 168313 0 0 0 DAVID MCADOO 139659 0 0 0 1940 0 17702 0 8309 0 167610 0 0 0 ALEX PEREZ 116237 0 0 0 12283 0 12878 0 15242 0 156640 0 0 0 JUDY PIERSON 127664 0 0 0 3292 0 15987 0 7995 0 154938 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 4a 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 15000000 377216 14622784 2004 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SUSAN COLB SPOUSE OF NORM COLB, HEAD OF SCHOOL 80030 TOTAL COMPENSATION 0 JOANIE BANKS-HUNT SPOUSE OF MICHAEL HUNT, TRUSTEE 98041 TOTAL COMPENSATION 0 TRACY BIANCHI SPOUSE OF TITO BIANCHI, TRUSTEE 100555 TOTAL COMPENSATION 0 X 15 856577 FMV X 1 32700000 FMV X UNDERWRITING 8 13478 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 Chief Financial Officer/Business Manager and the Controller. Form 990, Part VI, Section B, line 12c The CFO signs all checks and knows the vendors we do business with. He knows who our Board members are 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 sure that there are no conflicts and do not have any conflicts and monitor our accounts payable. Form 990, Part VI, Section B, line 15 The compensation for Head of School and CFO are 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. FORM 990, PART XI, 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 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0