2011-12-15T16:23:53-06:00 2011-06-30 HARRIS & CO PLLC 2289 S BONITO WAY STE 100 MERIDIAN ID 83642 990 2010-07-01 841373475 RIVERSTONE INTERNATIONAL SCHOOL INC RIVE 2084245000 5521 WARM SPRINGS AVENUE BOISE ID 83716 KURT LIEBICH 2084245000 2011-12-19 1 CHERYL GUIDDY 2083338965 2010 2016-02-24 21:20:13Z KURT LIEBICH 5521 WARM SPRINGS AVENUE BOISE ID 83716 4037099 0 X WWW.RIVERSTONESCHOOL.ORG X 1996 ID THE SCHOOL IS A UNIQUE INDEPENDENT SCHOOL THAT OFFERS AN EDUCATION BASED ON THE WORLD-RENOWNED PROGRAMS AND THE PHILOSOPHY OF THE INTERNATIONAL BACCALAUREATE ORGANIZATION. THROUGH A STRONG FOUNDATION BUILT ON THE FIVE PILLARS OF ACADEMIC EXCELLENCE, INTERNATIONAL UNDERSTANDING, COMMUNITY AND SERVICE, LEADERSHIP BY EXAMPLE, AND OUTDOOR EDUCATION, THE SCHOOL KNOWS AND NURTURES EVERY CHILD AND ENSURES THAT THEY REACH THEIR POTENTIAL IN A RESPECTFUL ENVIRONMENT. 13 13 65 200 0 0 341894 304905 3808516 3518729 3131 25004 186218 138044 4339759 3986682 0 0 0 0 2357160 2490045 0 0 86705 2211944 1678104 4569104 4168149 -229345 -181467 9036163 8519425 6570794 6235523 2465369 2283902 X THE SCHOOL IS A UNIQUE INDEPENDENT SCHOOL THAT OFFERS AN EDUCATION BASED ON THE WORLD-RENOWNED PROGRAMS AND THE PHILOSOPHY OF THE INTERNATIONAL BACCALAUREATE ORGANIZATION. THROUGH A STRONG FOUNDATION BUILT ON THE FIVE PILLARS OF ACADEMIC EXCELLENCE, INTERNATIONAL UNDERSTANDING, COMMUNITY AND SERVICE, LEADERSHIP BY EXAMPLE, AND OUTDOOR EDUCATION, THE SCHOOL KNOWS AND NURTURES EVERY CHILD AND ENSURES THAT THEY REACH THEIR POTENTIAL IN A RESPECTFUL ENVIRONMENT. 0 0 3054584 3518729 PRIVATE SCHOOLING PROGRAM DEDICATED TO ACADEMIC EXCELLENCE AND GROWTH OF ITS STUDENTS; APPROXIMATELY 315 STUDENTS SERVED. 3054584 1 1 0 0 0 0 1 0 0 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 9 0 65 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 1 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X THE ORGANIZATION 2084245000 5521 WARM SPRINGS AVENUE BOISE ID 83716 KURT LIEBICH 4.00 X 0 0 0 MORTON HARDWICK 2.00 X 0 0 0 PETER WACHTELL 2.00 X 0 0 0 JILL BECK 2.00 X 0 0 0 BRIAN BAVA 1.00 X 0 0 0 MICHAEL BERGMANN 1.00 X 0 0 0 ANN EDSON 1.00 X 0 0 0 DAVID HOLMES 1.00 X 0 0 0 MARK LIEBICH 1.00 X 0 0 0 MICKEY MYHRE 1.00 X 0 0 0 WILL NORTHROP 1.00 X 0 0 0 JOHN SIMS 1.00 X 0 0 0 NICOLE TOELDTE 1.00 X 0 0 0 ANDREW DERRY 50.00 X 137000 0 18962 137000 0 18962 1 0 1 0 0 304905 6167 304905 TUITION AND FEES 611110 3351968 3351968 STUDENT ACTIVITIES 611110 166761 166761 3518729 30330 30330 5326 -5326 -5326 -5326 182310 45091 137219 137219 OTHER 900099 825 825 825 3986682 3518729 0 163048 145894 110121 31324 4449 1874180 1414654 402399 57127 287793 217230 61791 8772 182178 137510 39115 5553 36674 36674 7300 7300 13444 13444 41023 41023 8681 8681 270637 196120 71046 3471 26689 26689 15469 15469 240727 240727 240592 181602 51657 7333 65002 65002 FACULTY REMISSION 171077 171077 STUDENT ACTIVITIES 131702 131702 SUPPLIES 99514 89808 9706 OUTDOOR ACTIVITIES 68379 68379 HOST FAMILY 55899 55899 185295 164641 20654 4168149 3054584 1026860 86705 159618 71625 286774 13729 80906 29291 70031 100415 3000 3000 33444 20645 8990941 950023 8155213 8040918 135831 247177 103971 9036163 8519425 35347 352986 797916 449900 14445 675275 5227830 4411000 25085 23763 470171 322599 6570794 6235523 X 2414738 2208129 50631 75773 2465369 2283902 9036163 8519425 -181467 0 X X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 92500 X DECORATIVE ART 0 1368000 1368000 6737257 580297 6156960 349379 99332 250047 470485 270394 200091 65820 65820 8040918 INTEREST RATE SWAP 166930 CAPITAL LEASE 25332 LINE OF CREDIT 130337 322599 3986682 4168149 -181467 0 -181467 4047099 10000 10000 4037099 -50417 -50417 3986682 4228566 10000 10000 4218566 -50417 -50417 4168149 PART III, LINE 4: DURING THE FISCAL YEAR ENDING JUNE 30, 2004, THE SCHOOL PURCHASED A COLLECTION OF ARTWORK WITH FUNDS BORROWED FROM A MEMBER OF THE BOARD. THIS COLLECTION OF ART IS CURRENTLY RECORDED AT THE CURRENT VALUES BASED ON A THIRD PARTY ESTIMATE OF REPLACEMENT COSTS ON LIKE OR COMPARABLE WORK IN THE CONTEMPORARY ART MARKET. THE COLLECTION IS REVALUED ANNUALLY. DURING THE FISCAL YEAR ENDING JUNE 30, 2006, THE SCHOOL PURCHASED A COLLECTION OF ARTWORK WITH FUNDS BORROWED FROM A MEMBER OF THE BOARD. THIS COLLECTION OF ART IS CURRENTLY RECORDED AT CURRENT VALUES AND WILL BE REVALUED ON AN ANNUAL BASIS SIMILAR TO ABOVE. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THAT GUIDANCE, THE SCHOOL MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE SCHOOL AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME (UBIT). THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50 PERCENT LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES FOR FISCAL YEAR 2011. THE SCHOOL FILES FORM 990 IN THE U.S. FEDERAL JURISDICTION. THE SCHOOL IS GENERALLY NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR YEARS BEFORE 2007. PART XII, LINE 4B - OTHER ADJUSTMENTS: GAIN/LOSS ON ASSETS - ($5,326) SPECIAL EVENTS EXPENSE - ($45,091) PART XIII, LINE 4B - OTHER ADJUSTMENTS: GAIN/LOSS ON ASSETS - ($5,326) SPECIAL EVENTS EXPENSE - ($45,091 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 NONDISCRIMINATORY POLICY PUBLISHED IN LOCAL NEWSPAPER. AUCTION 182310 182310 2270 42821 182310 182310 2270 42821 45091 137219 X 0 0 0 0 0 0 0 0 0 ANDREW DERRY 137000 0 0 0 0 0 6850 0 12112 0 155962 0 0 0 ANDREW DERRY RELOCATION COSTS X 20000 3000 0 1 0 PETER WACHTELL PURCHASE ARTWORK X 14445 14445 0 1 1 WACHTELL FAMILY FOUNDATION PURCHASE ARTWORK X 39830 39830 0 1 1 WACHTELL FAMILY FOUNDATION LAND PURCHASE X 621000 621000 0 1 1 678275 FORM 990, PART VI, SECTION A, LINE 2 KURT LIEBICH AND MARK LIEBICH, FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 4 THE SCHOOL REVISED THEIR BYLAWS BY UNANIMOUS CONSENT OF THE BOARD ON SEPTEMBER 21, 2011. REVISIONS INCLUDE REWRITING THE PURPOSE SUMMARY OF THE SCHOOL, CLARIFYING THE COMPENSATION OF THE TRUSTEES AND ADDING SEVERAL COMMITTEES TO THE STANDING COMMITTEE DESIGNATION. FORM 990, PART VI, SECTION B, LINE 11 A COPY OF FORM 990 IS AVAILABLE TO ALL TRUSTEES SHOULD THEY REQUEST IT. THE HEAD OF SCHOOL AND TREASURER REVIEW THE FORM 990 BEFORE FILING AND REPORTS ANY ITEMS OF CONCERN TO THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD CHAIR MONITORS THE COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. IF ANY TRUSTEES BELIEVE A CONFLICT OF INTEREST EXISTS, THEY ARE EXCLUDED FROM COMMENTING AND VOTING ON THE ISSUE. FORM 990, PART VI, SECTION B, LINE 15 KEY EMPLOYEE EMPLOYMENT CONTRACTS ARE APPROVED BY THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS MAINTAINED AT THE ORGANIZATIONS PLACE OF BUSINESS AND MADE AVAILABLE UPON REQUEST. FORM 990,PART XII,LINE 2C PROCESS HAS NOT CHANGED FROM PRIOR YEAR.