2024-05-02T15:04:42-05:00 2023-06-30 946214841 ARMANINO LLP 2700 CAMINO RAMON STE 350 SAN RAMON CA 945835004 990 2022-07-01 942570257 SAN FRANCISCO DAY SCHOOL SANF 4159312422 350 MASONIC AVENUE SAN FRANCISCO CA 94118 LUIS MARTINEZ CHIEF FINANCIAL OFFICER 4159312422 2024-05-01 1 LUIS MARTINEZ 999009999 1 KATY BROWN P00650274 9257902600 2024-05-01 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z LUIS MARTINEZ 350 MASONIC AVENUE SAN FRANCISCO CA 94118 28102658 0 X WWW.SFDAY.ORG X 1981 CA AT SF DAY, WE IGNITE CURIOSITY. WE CULTIVATE A DIVERSE, NURTURING COMMUNITY THAT ENCOURAGES LEARNERS TO EXPAND THEIR PERSPECTIVES AND BECOME THEIR TRUE SELVES. STUDENTS DEVELOP AS COMPASSIONATE, CREATIVE PROBLEM-SOLVERS, PREPARED TO THRIVE IN AN EVER-CHANGING WORLD. 25 25 162 200 0 0 4755737 5229646 16904819 18417608 754289 1200075 270781 -52009 22685626 24795320 2663733 2706703 0 0 12656503 14177550 0 0 587943 7052319 7236726 22372555 24120979 313071 674341 95436808 98132800 27837958 27589390 67598850 70543410 SAN FRANCISCO DAY SCHOOL EDUCATES, NURTURES AND INSPIRES GIRLS AND BOYS OF DIVERSE BACKGROUNDS TO ACHIEVE THEIR HIGHEST ACADEMIC AND CREATIVE POTENTIAL, TO EMBRACE ETHICAL VALUES AND TO BECOME ACTIVE CONTRIBUTORS TO THEIR COMMUNITIES. 0 0 18482988 2706703 18417608 ESTABLISHED IN 1981, SAN FRANCISCO DAY SCHOOL ENROLLED 421 K-8TH GRADE STUDENTS IN THE CURRENT YEAR. 18482988 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 1 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 1 0 0 0 0 1 110 0 1 162 1 0 0 0 0 0 0 0 0 0 0 0 0 X 25 25 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 CA X LUIS MARTINEZ 4159312422 350 MASONIC AVENUE SAN FRANCISCO CA 94118 ADRIANA LOPEZ VERMUT BOARD CHAIR 8.00 X X 0 0 0 JEREMIAH LANE TREASURER 4.00 X X 0 0 0 VANESSA CHO SECRETARY 4.00 X X 0 0 0 BAGNA BRAESTRUP TRUSTEE 4.00 X 0 0 0 CRAIG BRUMFIELD TRUSTEE 4.00 X 0 0 0 ANU CAIRO TRUSTEE 4.00 X 0 0 0 LINDA CHHAY GEBALLE TRUSTEE 4.00 X 0 0 0 KERI DAVIDSON TRUSTEE 4.00 X 0 0 0 ALI DIAB TRUSTEE 4.00 X 0 0 0 JULIE ELAM TRUSTEE 4.00 X 0 0 0 LINA GARCIA TRUSTEE 4.00 X 0 0 0 WENDY HOLCOMBE TRUSTEE 4.00 X 0 0 0 DON HOWARD TRUSTEE 4.00 X 0 0 0 SHILPA JAIN TRUSTEE 4.00 X 0 0 0 YALE LEE TRUSTEE 4.00 X 0 0 0 JESSICA MOMENT TRUSTEE 4.00 X 0 0 0 AARON MONEY TRUSTEE 4.00 X 0 0 0 AMIE NENNINGER TRUSTEE 4.00 X 0 0 0 DEAN RAADER TRUSTEE 4.00 X 0 0 0 JILL ROBERSTON TRUSTEE 4.00 X 0 0 0 TOMONORI TANI TRUSTEE 4.00 X 0 0 0 VISHAL TAYAL TRUSTEE 4.00 X 0 0 0 TRISH TIERNEY TRUSTEE 4.00 X 0 0 0 ELI WEINBERG TRUSTEE 4.00 X 0 0 0 BRIAN WILLIAMSON TRUSTEE 4.00 X 0 0 0 PETER MCCORMACK HEAD OF SCHOOL 50.00 X 562917 0 47009 DR MICHAEL WALKER HEAD OF SCHOOL (THRU 07/22) 50.00 X 660760 0 19548 LUIS A MARTINEZ-SATRAS CFO, DIR OF OPS, CORP TREASURER 50.00 X 185689 0 23054 ERIN WRIGHT-GANDHI DIR OF ADVANCEMENT 50.00 X 209866 0 23855 KAILI HWANG HEAD OF LOWER SCHOOL 50.00 X 190332 0 20732 HOMA HANJANI DIR OF ADMISSION 50.00 X 142268 0 25710 STEVE ROBERTS PE TEACHER 50.00 X 150032 0 23246 ELEANOR COFFELT LOWER SCHOOL SCIENCE TEACHER 50.00 X 138855 0 21492 MARY O'BRIEN PE TEACHER 50.00 X 137921 0 28104 ANDREW MAYNARD UPPER SCHOOL ENGLISH TEACHER 50.00 X 133253 0 13060 2511893 0 245810 28 0 1 0 HINES BUILDING MAINTENANCE 91 LOST LAKE LANE CAMPBELL CA 95008 BUILDING MAINTENANCE SERVICE 300089 BONANZAJANITORIALS 1170 PLYMOUTH AVE SAN FRANCISCO CA 94112 JANITORIAL SERVICE 240200 STRATEGENIUSLLC 2342 SHATTUCK AVE 335 BERKELEY CA 94704 RECRUITING SERVICE 178640 ARMANINO LLP PO BOX 888285 LOS ANGELES CA 90088 ACCOUNTING AND AUDIT SERVICES 167310 KNOWING TECHNOLOGIES 660 PRICE AVE SUITE C REDWOOD CITY CA 94063 TECH SERVICE 141105 6 276714 1752413 3200519 71506 5229646 TUITION 611710 16775986 16775986 AUXILLARY SERVICES 611710 1638392 1638392 LIBRARY REVENUE 611710 3230 3230 18417608 1200348 1200348 168971 266140 -97169 -97169 -97169 2936967 2937240 -273 -273 -273 111183 276714 103958 7225 7225 MISC INCOME 900099 37935 37935 37935 24795320 18417608 0 1148066 2706703 2706703 1988316 1153684 594662 239970 9895316 6466732 3311944 116640 538121 359508 175854 2759 925714 609826 298011 17877 830083 534931 271782 23370 171700 171700 153956 153956 327687 321884 3120 2683 143977 33872 110105 395588 388581 3767 3240 478333 478333 1323998 1300550 12607 10841 273563 268718 2605 2240 1510188 1483442 14380 12366 187762 184437 1788 1537 SUPPLIES & MATERIALS 939476 910462 29014 EMPLOYEE FOOD & ENTERTA 689429 689429 PROFESSIONAL DEVELOPMEN 253238 253238 SERVICE LEARNING 221800 221800 166031 150730 15301 24120979 18482988 5050048 587943 1640589 6010602 8036811 289537 4544260 1756401 9585359 10637288 68073 129479 53157441 20216444 33578842 32940997 37791346 46274716 182057 93780 9471 0 95436808 98132800 2389673 1748192 14211613 14654236 11236672 11186962 27837958 27589390 X 16825546 35312474 50773304 35230936 67598850 70543410 95436808 98132800 674341 2270219 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 29711363 750 3051101 1467779 31295435 36333838 -5038415 -1584060 29711363 30089775 7711163 1467100 36333838 31674538 7100 1765004 3356867 30089775 31148309 2600 1882705 1359076 31674538 0.00000 0.67078 0.32923 0 0 2435000 2023117 4458117 2643744 37666817 15813287 24497274 5933536 4403157 1530379 2455227 2455227 32940997 X 24714815 2270219 -2706703 -436484 25151299 -355979 -355979 24795320 21770255 355979 355979 21414276 2706703 2706703 24120979 PART V, LINE 4: THE SCHOOL'S ENDOWMENT CONSISTS OF MULTIPLE ENDOWMENTS ESTABLISHED FOR A VARIETY OF PURPOSES, SOME OF WHICH INCLUDE DONOR-RESTRICTED FUNDS. THE ENDOWMENT INCLUDES DONOR-RESTRICTED ENDOWMENT FUNDS AS REQUIRED BY U.S. GAAP. NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. THE SCHOOL CLASSIFIES AS PERMANENTLY RESTRICTED NET ASSETS: (A) THE ORIGINAL VALUE OF GIFTS DONATED TO THE PERMANENT ENDOWMENT (B) THE ORIGINAL VALUE OF SUBSEQUENT GIFTS TO THE PERMANENT ENDOWMENT (C) ACCUMULATIONS TO THE PERMANENT ENDOWMENT MADE IN ACCORDANCE WITH THE DIRECTION OF THE APPLICABLE DONOR GIFT INSTRUMENT AT THE TIME THE ACCUMULATION IS ADDED TO THE FUND. THE REMAINING PORTION OF THE DONOR-RESTRICTED ENDOWMENT FUND THAT IS NOT CLASSIFIED IN PERMANENTLY RESTRICTED NET ASSETS IS CLASSIFIED AS TEMPORARILY RESTRICTED NET ASSETS UNTIL THOSE AMOUNTS ARE APPROPRIATED FOR EXPENDITURES BY THE SCHOOL IN A MANNER CONSISTENT WITH THE STANDARD OF PRUDENCE PRESCRIBED BY UPMIFA. THE SCHOOL CONSIDERED THE FOLLOWING FACTORS IN MAKING A DETERMINATION TO APPROPRIATE OR ACCUMULATE DONOR-RESTRICTED ENDOWMENT FUNDS: (1) THE DURATION AND PRESERVATION OF THE FUND (2) THE PURPOSES OF THE SCHOOL AND THE DONOR-RESTRICTED ENDOWMENT FUND (3) GENERAL ECONOMIC CONDITIONS (4) THE POSSIBLE EFFECT OF INFLATION AND DEFLATION (5) THE EXPECTED TOTAL RETURN FROM INCOME AND THE APPRECIATION OF INVESTMENTS (6) OTHER RESOURCES OF THE SCHOOL (7) THE INVESTMENT POLICIES OF THE SCHOOL RETURN OBJECTIVES AND RISK PARAMETERS. THE SCHOOL HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. ENDOWMENT ASSETS INCLUDE THOSE ASSETS OF DONOR-RESTRICTED FUNDS THAT THE SCHOOL MUST HOLD IN PERPETUITY OR FOR A DONOR-SPECIFIED PERIOD(S) AS WELL AS BOARD-DESIGNATED FUNDS. THE SCHOOL ASPIRES ITS ENDOWMENT FUNDS, OVER TIME, TO PROVIDE A MODERATE RATE OF RETURN, CONSISTENT WITH THE INVESTMENT POLICY. STRATEGIES EMPLOYED FOR ACHIEVING OBJECTIVES TO SATISFY ITS LONG-TERM RATE-OF-RETURN OBJECTIVES: THE SCHOOL RELIES ON A TOTAL RETURN STRATEGY IN WHICH INVESTMENT RETURNS ARE ACHIEVED THROUGH BOTH CAPITAL APPRECIATION (REALIZED AND UNREALIZED) AND CURRENT YIELD (INTEREST AND DIVIDENDS). THE SCHOOL TARGETS A DIVERSIFIED ASSET ALLOCATION THAT PLACES A GREATER EMPHASIS ON EQUITY-BASED INVESTMENT TO ACHIEVE ITS LONG-TERM RETURN OBJECTIVES. THE SCHOOL HAS A POLICY OF APPROPRIATING FOR DISTRIBUTION EACH YEAR 4.5% OF ITS ENDOWMENT FUND'S AVERAGE FAIR VALUE OVER THE PRIOR TWELVE QUARTERS. ON INDIVIDUAL ENDOWMENT FUNDS WHERE THE FAIR VALUE HAS DECREASED BELOW COST, THE SCHOOL'S POLICY IS TO DISTRIBUTE ONLY INVESTMENT EARNINGS. IN ESTABLISHING THIS POLICY, THE SCHOOL CONSIDERS THE LONG-TERM EXPECTED RETURN ON ITS ENDOWMENT. OVER THE LONG-TERM, THE SCHOOL EXPECTS THE CURRENT SPENDING POLICY TO ALLOW ITS ENDOWMENT TO MAINTAIN AND GROW REAL PURCHASING POWER OVER LONG TIME HORIZONS CONSISTENT WITH THE INVESTMENT POLICY, WHILE RECOGNIZING THE CHALLENGES OF MEETING THIS GOAL IN THE CURRENT INVESTMENT ENVIRONMENT. PART X, LINE 2: THE SCHOOL IS A QUALIFIED ORGANIZATION EXEMPT FROM FEDERAL INCOME AND CALIFORNIA FRANCHISE TAXES UNDER THE PROVISIONS OF SECTIONS 501(C)(3) OF THE INTERNAL REVENUE CODE AND 23701(D) OF THE CALIFORNIA REVENUE AND TAXATION CODE, RESPECTIVELY. THE SCHOOL HAS EVALUATED ITS CURRENT TAX POSITIONS AND HAS CONCLUDED THAT AS OF JUNE 30, 2023, THE SCHOOL DOES NOT HAVE ANY SIGNIFICANT UNCERTAIN TAX POSITIONS FOR WHICH A RESERVE WOULD BE NECESSARY. PART XI, LINE 2D - OTHER ADJUSTMENTS: TUITION ASSISTANCE -2,706,703. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -89,839. RENTAL EXPENSES -266,140. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 89,839. RENTAL EXPENSES 266,140. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE 2,706,703. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL PUBLISHED ITS RACIALLY NONDISCRIMINATORY POLICY ON THE HOMEPAGE OF ITS WEBSITE. SF FEST 387897 276714 111183 83508 3970 16480 387897 276714 111183 83508 3970 16480 103958 7225 1 0 0 TUITION ASSISTANCE 83 2706703 FMV DIRECT CREDIT TO STUDENT ACCOUNT PART I, LINE 2: TUITION ASSISTANCE IS PROVIDED TO STUDENTS ACCORDING TO THOSE DEMONSTRATING FINANCIAL NEED. THIS ASSISTANCE IS MONITORED THROUGH THE "SCHOOL AND STUDENT SERVICES" PROGRAM OF THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS, WHICH PROVIDES ASSISTANCE CALCULATIONS AND TRACKING. X 1 1 X X X X 1 0 0 0 0 0 0 0 0 DR MICHAEL WALKER HEAD OF SCHOOL (THRU 07/22) 209178 0 0 0 451582 0 12000 0 7548 0 680308 0 0 0 PETER MCCORMACK HEAD OF SCHOOL 447757 0 0 0 115160 0 27000 0 20009 0 609926 0 0 0 ERIN WRIGHT-GANDHI DIR OF ADVANCEMENT 209866 0 0 0 0 0 14691 0 9164 0 233721 0 0 0 KAILI HWANG HEAD OF LOWER SCHOOL 190332 0 0 0 0 0 13323 0 7409 0 211064 0 0 0 LUIS A MARTINEZ-SATRAS CFO, DIR OF OPS, CORP TREASURER 185689 0 0 0 0 0 11501 0 11553 0 208743 0 0 0 STEVE ROBERTS PE TEACHER 150032 0 0 0 0 0 12451 0 10795 0 173278 0 0 0 HOMA HANJANI DIR OF ADMISSION 142268 0 0 0 0 0 10897 0 14813 0 167978 0 0 0 MARY O'BRIEN PE TEACHER 137921 0 0 0 0 0 11074 0 17030 0 166025 0 0 0 ELEANOR COFFELT LOWER SCHOOL SCIENCE TEACHER 138855 0 0 0 0 0 11351 0 10141 0 160347 0 0 0 PART I, LINE 1A SAN FRANCISCO DAY SCHOOL DOES NOT OWN A HOUSE FOR ITS HEAD OF SCHOOL, THUS PETER MCCORMACK AND DR. MICHAEL WALKER RECEIVE HOUSING ALLOWANCES AS PART OF THEIR COMPENSATION. IN CALENDAR YEAR 2022, THEIR HOUSING ALLOWANCES WAS $115,160 AND $110,250, RESPECTIVELY. PART I, LINE 4A DURING THE 2022 CALENDAR YEAR, HEAD OF SCHOOL DR. MICHAEL WALKER RECEIVED A SEVERANCE PAYMENT OF $341,332. A CALIFORNIA ENTERPRISE DEVELOPMENT AUTHORITY 352273601 2020-10-09 20000000 FINANCING FACILITIES PROJECT 0 0 0 A 86062 11309938 11396000 2023 0 0 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 1 0 0 0 1 A 0 92409 DIRECT CREDIT TO STUDENT'S ACCOUNT FINANCIAL AID X 7 71506 FMV 0 0 1 0 PART I, COLUMN (B): THIS NUMBER REPRESENTS THE NUMBER OF CONTRIBUTORS, NOT THE NUMBER OF ITEMS CONTRIBUTED. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE INDEPENDENT ACCOUNTING FIRM WHICH ALSO AUDITS THE SCHOOL. THE FORM 990 IS THEN REVIEWED BY THE SCHOOL'S CHIEF FINANCIAL OFFICER AND THE TREASURER OF THE GOVERNING BODY. A PUBLIC DISCLOSURE COPY WITH REDACTED OFFICER COMPENSATION INFORMATION IS PROVIDED TO EACH BOARD MEMBER PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE SCHOOL HAS A WRITTEN CONFLICT OF INTEREST POLCY WHICH ALL TRUSTEES ARE MADE AWARE OF AS PART OF THEIR ORIENTATION. EACH YEAR THEY SIGN A STATEMENT AT THE LAST BOARD MEETING OF THE YEAR, THAT STATES THEY HAVE BEEN IN COMPLIANCE WITH THIS POLICY, DOCUMENTING ANY COMPENSATION RECEIVED FROM THE INSTITUTION OTHER THAN THIS ANNUAL REVIEW. THE CFO/DIRECTOR OF OPERATIONS, WHO REVIEWS ALL DISBURSEMENTS, WILL QUESTION ANY AMOUNTS PAID TO TRUSTEES WITH REGARDS TO CONFLICT OF INTEREST. IF A POTENTIAL CONFLICT OF INTEREST APPEARS, THE BOARD WILL APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED ARRANGEMENT. IF A MORE ADVANTAGEOUS ARRANGEMENT THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST CAN NOT BE ATTAINED, THE BOARD WILL VOTE WHETHER TO ENTER THE ARRANGEMENT. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD APPROVES THE WRITTEN CONTRACT FOR THE HEAD OF SCHOOL. ALL OTHER HIGH LEVEL EMPLOYEE COMPENSATION IS APPROVED BY THE HEAD OF SCHOOL IN LINE WITH ANNUAL BUDGET CONSIDERATIONS. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE BY CONTACTING THE BUSINESS OFFICE AND REQUESTING THEM. THE SCHOOL'S FORM 990 IS ALSO AVAILABLE WITH DONOR INFORMATION REDACTED AT WWW.GUIDESTAR.ORG. SIMON PROPS LLC 350 MASONIC AVENUE SAN FRANCISCO CA 94118 454984722 REAL ESTATE HOLDING CA 154581 4335477 SAN FRANCISCO DAY SCHOOL