2021-04-13T18:21:43-05:00 2020-06-30 KPMG LLP 3975 Freedom Circle Dr Suite 100 Santa Clara CA 95054 990 2019-07-01 510255746 TAIPEI AMERICAN SCHOOL FOUNDATION % CATHY C HSU TAIP 3102013584 1900 AVE of THE STARS 7FL Los Angeles CA 90067 GRACE SHANG CHENG INTERIM HEAD OF SCHO 2021-04-12 true SHALINI SAIDHA P01959812 4083673892 2021-04-12 2019 2022-09-23 18:48:47Z TAIPEI AMERICAN SCHOOL GRACE SHANG CHENG 1900 AVE of THE STARS 7FL Los Angeles CA 90067 82615167 false X www.tas.edu.tw X 1971 DE TAIPEI AMERICAN SCHOOL ("TAS"), AN INDEPENDENT DAY SCHOOL FOR STUDENTS IN PRE-KINDERGARTEN THROUGH GRADE 12, OFFERS AN AMERICAN-BASED EDUCATION WITH A GLOBAL PERSPECTIVE. 12 12 611 200 0 0 3275872 2865716 67784376 75411587 617500 585034 4015572 3437219 75693320 82299556 56820 112476 0 0 51919570 57601503 0 0 994688 17988168 18983122 69964558 76697101 5728762 5602455 173511275 188977446 53880928 57971057 119630347 131006389 TAIPEI AMERICAN SCHOOL ("TAS"), AN INDEPENDENT DAY SCHOOL FOR STUDENTS IN PRE-KINDERGARTEN THROUGH GRADE 12, OFFERS AN AMERICAN- BASED EDUCATION WITH A GLOBAL PERSPECTIVE. false false 67192275 112476 75411587 Taipei American School provides a full education program (KA- grade 12) to 2356 students from 37 countries. TAS is known for its rigorous academic program, dynamic integration of technology across the curriculum, extensive co-curricular activities, rich history of community service in Taiwan and Asia, and signature fine arts programs where over eighty percent of the students are involved in creating art, music, dance, or theatre. 67192275 true true false false false false false false false true true false false false true true true false true true true false true false false false false false false true false false false false false false false false false false false false false false false false false true 35 0 true 611 true false true TW false false false true true false false false false false false X 12 12 false false true false true true false true true false false true true false false false false true false false X CATHY C HSU 8862775099 800 ZHONGSHAN N RD SEC 6 TAIPEI TAIPEI TW 11152 SHARON D HENNESSY HEAD OF SCHOOL 40.0 0.0 X 802109 0 348446 KATHRYN LOUISE LIMMER DIRECTOR OF ADVANCEMENT 40.0 0.0 X 356152 0 117976 LARRY KRAUT CHIEF OPERATING OFFICER 40.0 0.0 X 284558 0 32826 ANDREW LOWMAN US PRINCIPAL 40.0 0.0 X 193652 0 106487 NATHANIEL SMITH DEAN OF FACULTY 40.0 0.0 X 203854 0 84571 TARA SIMEONIDIS LS PRINCIPAL 40.0 0.0 X 247219 0 30129 GARY J PETTIGREW MS ASSOCIATE PRINCIPAL 40.0 0.0 X 210484 0 53626 MATT FAGEN DIR. OF TECHCUBE 40.0 0.0 X 185120 0 76477 CATHY C HSU CONTROLLER 40.0 0.0 X 228131 0 28269 DAN HUDKINS CHIEF INFORMATION OFFICER 40.0 0.0 X 216580 0 28210 RICHARD A HARTZELL FORMER US PRINCIPAL 40.0 0.0 X 206676 0 31804 JUDE CLAPPER US DIR. SCIENTIFIC RESEARCH 40.0 0.0 X 153170 0 72600 DANIEL T LONG US DEAN OF STUDENTS 40.0 0.0 X 161770 0 62578 SAMUEL QUEK IT ASSOCIATE DIRECTOR 40.0 0.0 X 166670 0 51173 ALLAN BAYNTUN TEACHER 40.0 0.0 X 156249 0 54392 ADAM NELSON DEAN OF PROGRAMS 40.0 0.0 X 185607 0 24498 GRACE SHANG CHENG FROM SEPT 20 INTERIM HEAD OF SCHOOL 40.0 0.0 X 171461 0 22080 CAROL CHEN HUMAN RESOURCES DIRECTOR 40.0 0.0 X 172865 0 20299 KIM KAWAMOTO ATHLETIC DIRECTOR (US & MS) 40.0 0.0 X 160223 0 16590 RICK RABON LS ASSOCIATE PRINCIPAL 40.0 0.0 X 149605 0 18887 ELIZABETH WANG VICE CHAIR, BOD 4.0 0.0 X X 0 0 0 GAYLE TSIEN M&R CHAIR, BOD 4.0 0.0 X X 0 0 0 JOSEPH HEI BOARD OF DIRECTORS 4.0 0.0 X X 0 0 0 TINA KOO CHAIRMAN, BOD 4.0 0.0 X 0 0 0 JOSEPH HWANG BOARD OF DIRECTORS 4.0 0.0 X X 0 0 0 EDMOND NG BOARD OF DIRECTORS 4.0 0.0 X 0 0 0 CHARLOTTE ACKERT BOARD OF DIRECTORS 4.0 0.0 X 0 0 0 PAUL HSU SECRETARY, BOD 4.0 0.0 X 0 0 0 SUSANNA SIEW KANG BOARD OF DIRECTORS THRU2/25/20 4.0 0.0 X 0 0 0 VERA WU BOARD OF DIRECTORS 4.0 0.0 X 0 0 0 ALEX HSU BOARD OF DIRECTORS 4.0 0.0 X 0 0 0 CARL WEGNER BOARD OF DIRECTORS 4.0 0.0 X 0 0 0 TIM MORTON BOARD OF DIRECTORS 4.0 0.0 X 0 0 0 4612155 0 1281918 165 false true false JONES DAY 8F 2 TUN HWA SOUTH ROAD SECTION 2 TAIPEI 0 TW LEGAL SERVICES 110502 1 45866 2819850 4725 2865716 INSTRUCTIONAL PROGRAMS 900099 75271114 75271114 USE OF SCHOOL FACILITY 900099 140473 140473 75411587 726163 726163 0 0 0 0 0 7166 148295 -141129 -141129 -141129 0 0 0 0 0 0 250568 167316 83252 83252 CAFETERIA SERVICE 900099 1643506 1643506 STUDENT BUS 480000 1642175 1642175 SWIMMING POOL 900099 28705 28705 39581 39581 3353967 82299556 75411587 4022253 0 0 112476 112476 0 4476769 2247136 1767428 462205 0 33979253 31462623 2263621 253009 3185225 2926743 235471 23011 14010447 13167896 808752 33799 1949809 1799971 144372 5466 0 168679 168679 73425 73425 0 0 0 468491 18225 450266 107440 6844 100596 939098 625286 264812 49000 1006883 1006883 0 3378908 3128653 225096 25159 693273 403801 289472 0 185421 119672 64687 1062 115699 115699 0 5557564 5145950 370233 41381 111353 111353 TEXTBOOKS/TEACHING MATERIALS 1562980 1562980 CO-CURRICULIAR ACTIVITIES 1164085 1164085 CAFETERIA SERVICE COST 916804 916804 STUDENT BUS RENTAL 914071 914071 1618948 357667 1261281 76697101 67192275 8510138 994688 2017 2275 111730583 122451888 3512513 4068337 251967 236247 0 0 0 0 0 0 161743 149921 1879456 2594917 108501150 49069889 55944592 59431261 0 0 0 0 0 0 0 0 28404 42600 173511275 188977446 6785283 6637270 0 0 37708517 42143813 0 0 0 0 0 0 7789124 7634759 0 0 1598004 1555215 53880928 57971057 X 113246789 121017909 6383558 9988480 119630347 131006389 173511275 188977446 X 5602455 5773587 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 35091823 11564382 311257 -337496 -1693598 48998556 34028982 1117603 280633 -321957 657352 35091823 31124350 2371899 245306 -328299 40872 34028982 28672737 117035 252682 -328731 -1753165 31124350 26943886 2216230 388095 -309789 1185263 28672737 0.97260 0.02740 false false 51462671 17373510 34089161 46874822 27338057 19536765 10163657 4358322 5805335 59431261 0 STUDENT CLUBS PAYABLES 1555215 1555215 X 82615376 315820 315820 82299556 82299556 77012921 315820 315820 76697101 76697101 01. Endowment funds intended uses (Part V, line 4) Endowment funds include Quasi-Endowment Fund and Emergency Reserve Fund. Quasi-Endowment Fund is a reserve that protects the School against unexpected events, and provides funding for the current operation, if needed. Emergency Reserve Fund is a reserve set aside for emergency support of operations should the School be temporarily or permanently closed by order of R.O.C. government or the Board of Directors as a result of a Force Majeure situation, natural disasters that have a major impact on the School or any other emergencies issues resulting in economic distress. 02. Other revenues not included on Form 990 (Part XI, line 2d) Included cost of assets sold in the amount of $148,296 and student store cost of goods sold in the amount of $167,524. 03. Other expenses not included on Form 990 (Part XII, line 2d) Included cost of assets sold in the amount of $148,296 and student store cost of goods sold in the amount of $167,524. Footnote for uncertain tax position under FIN 48 (Part X) The School believes that it has appropriate support for any tax positions taken affecting its annual filing requirements in the U.S.A, and as such, does not have any uncertain tax positions that are material to the financial statements. true true true true true true true false false false false false false false false true false true 01. Governmental Agency Financial Aid (Questions 6a and 6b) American Institute in Taiwan has provided special grants in the amount of $40,803 in 2019 to support administrators and faculty professional development, consulting services and psychological services. Ministry of Education Taiwan has provided a subsidy in the amount of $5,063 in 2019 to purchase one infrared camera for COVID-19 fever checking. true East Asia and the Pacific 1 611 Program Services K-12 Education 76584625 East Asia and the Pacific Grantmaking 112476 1 611 1 611 76697101 76697101 SCHOLARSHIPS East Asia and the Pacific 9 112476 bank transfe false false false false false false Use of grant monitoring procedures (Part I, line 2) The school has written procedures for awarding scholarship grants. This procedure clearly outlines the Scholarship Committee members' authority and selection process of Committee members. Method of accounting for expenditures (Part I, line 3, col f) The School has used accrual method of accounting for expenditures. X X X X true true X X X X X false false false false false false false false false SHARON D HENNESSY HEAD OF SCHOOL 474947 100000 227162 287295 61151 1150555 KATHRYN LOUISE LIMMER DIRECTOR OF ADVANCEMENT 280137 76015 46417 71559 474128 LARRY KRAUT CHIEF OPERATING OFFICER 186986 10000 87572 18639 14187 317384 ANDREW LOWMAN US PRINCIPAL 142975 0 50677 14298 92189 300139 NATHANIEL SMITH DEAN OF FACULTY 162019 41835 16202 68369 288425 TARA SIMEONIDIS LS PRINCIPAL 173856 73363 17328 12801 277348 GARY J PETTIGREW MS ASSOCIATE PRINCIPAL 123694 86790 12370 41256 264110 MATT FAGEN DIR. OF TECHCUBE 85794 99326 8579 67898 261597 CATHY C HSU CONTROLLER 179487 15000 33644 17949 10320 256400 DAN HUDKINS CHIEF INFORMATION OFFICER 160565 56015 16003 12207 244790 RICHARD A HARTZELL FORMER US PRINCIPAL 145028 61648 22569 9235 238480 JUDE CLAPPER US DIR. SCIENTIFIC RESEARCH 92429 60741 9243 63357 225770 DANIEL T LONG US DEAN OF STUDENTS 92621 69149 9262 53316 224348 SAMUEL QUEK IT ASSOCIATE DIRECTOR 131659 35011 13166 38007 217843 ALLAN BAYNTUN TEACHER 90972 65277 9097 45295 210641 ADAM NELSON DEAN OF PROGRAMS 128070 57537 12807 11691 210105 GRACE SHANG CHENG FROM SEPT 20 INTERIM HEAD OF SCHOOL 143158 28303 14289 7791 193541 CAROL CHEN HUMAN RESOURCES DIRECTOR 144733 7638 20494 14473 5826 193164 KIM KAWAMOTO ATHLETIC DIRECTOR (US & MS) 85973 74250 8597 7993 176813 RICK RABON LS ASSOCIATE PRINCIPAL 114654 34951 11423 7464 168492 Benefit information (Part I, line 1a) The School provides livelihood supplements which include housing allowances to overseas hired faculty and administrators to supplement a portion of his or her living expenses in Taiwan. Seventeen persons, including twelve key employees and five highest compensated employees listed on Part II received the livelihood supplements during the year. The livelihood supplements are reported as taxable compensation. The Head of School's monthly dues of American Club in Taipei are reimbursed by the School. The School also reimburses the initiation fee for three administrators to join the American Club in Taipei. The Club dues and initiation fee are considered reasonable business expenses and thus not reported as taxable compensation. As a condition of employment, the Head of School is provided an apartment nearby campus. The apartment is available for school sponsored events and to conduct school business outside normal business hours. The housekeeping services and utilities allocable to business portion are reported as business expenses. The portion of the housekeeping expenses and utilities allocable to the Head of School's personal quarters is a taxable benefit. The value of the housing and business portion of housekeeping services and utilities is treated as non-taxable compensation under Section 119 (a) and is reported on Schedule J, Part II, and Column (D). As stipulated in the Head of School's employment contract, certain travel of a family member are borne by the School and appropriately reported as taxable compensation to the individual. Listed persons compensation information (Part I, line 4) The Head of School's deferred compensation in the amount of $240,000 was vested on June 30, 2020 and reported in Schedule J, Part II, and Column (C). This compensation is not taxable until actual payout. Organizational document changes (Part VI, line 4) THE SCHOOL'S BYLAWS WERE AMENDED IN APRIL 2020. THE SCHOOL'S GOVERNING DOCUMENT WERE AMENDED TO STREAMLINE THE BOARD OF DIRECTORS NOMINATION PROCEDURES SUCH THAT THE SLATE OF CANDIDATES PRESENTED BY THE NOMINATING COMMITTEE SHALL BE CHANGED FROM "AT LEAST TWICE AS MANY CANDIDATES" TO "AT LEAST AS MANY CANDIDATES" FOR EACH OPEN BOARD POSITION. Members or stockholder classes and rights (Part VI, line 6) The School shall have two classes of membership, General Members and Special Members. Each parent of a student at any time then currently enrolled in the School shall automatically become a General Member. Each person elected or appointed to Schools Board of Directors (including both Elected Directors and Appointed Directors) shall automatically be a Special Member, until such status is terminated. Status as a Special Member shall not affect an individuals status as a General Member, if any. At any meeting of the General Members or Special Members, each member present, in person or by proxy, will be entitled to one (1) vote. The General Members shall have no voting rights in their capacity as members other than the right to elect the Elected Directors. The Association members elect the Foundation's board of directors. Member election for additional members (Part VI, line 7a) The Elected Directors shall be elected from time to time by a majority vote of the General Members of the School, following the nomination procedures provided in Section 5 of this Article. Each full term of an Elected Director shall be thirty-six (36) months. The Appointed Directors shall be appointed from time to time by a two-thirds (2/3) vote of the Special Members. Each full term of an Appointed Director shall be forty-eight (48) months. Form 990 governing body review (Part VI, Line 11) The form 990 was reviewed by an independent public accounting firm before sending it to the Head of School and Chairperson of the Board. Subsequent to the Head of School's and Chair's review, all board members were provided a complete copy of the Form 990. The Form 990 was then filed with the Internal Revenue Service following the voting board members' review. Conflict of interest policy compliance (Part VI, Line 12c) The Chairperson of the Board is charged with monitoring for conflicts of interest and addressing any potential or actual conflicts of the officers and board members. Although the board and officers are not required to complete an annual conflict of interest questionnaire, the officers and board members self-report in writing to the full Board any conflicts of interest or potential conflicts of interest that may arise. Officers and board members will recuse themselves from any deliberation over issues involving a conflict of interest. CEO, executive director, top management comp (Part VI, Line 15a) The Board of Directors, none of whom had a conflict of interest with respect to the compensation arrangement, evaluated the Head of School's compensation during the tax year.The salary adjustment, if any, was reviewed by the Compensation Committee which consists of the Board Chair, Vice Chair, Secretary and the M&R (Management & Resources) Committee Chair. It was then approved by the full board of directors before becoming part of the budget. The board sought feedback from an independent compensation & benefit firm, gathered benchmarking data from comparable schools in the EARCOS region and reviewed the Head of School's compensation as disclosed in Form 990s of similarly sized private schools. The Committee's discussions and deliberations were contemporaneously documented. Other officer or key employee compensation (Part VI, Line 15b) The Administrators' compensation is determined by the Head of School upon initial hire using benchmark compensation of similar size overseas schools. Periodic salary adjustments are approved by the Head of School and are provided to Human Resources and Controller offices for inclusion in the annual budget cycle for Board of Directors approval. Governing documents, etc, available to public (Part VI, line 19) TAS Policy Manual including governing documents and conflict of interest policy is available at secured school portals. The AUDITED financial statements are not open to the Public except the data contained in Form 990. Explanation of other changes in net assets or fund balances (PART XI, LINE 9) Other changes in net assets or fund balances included currency exchange gain in the amount of $5,773,587. GENERAL EXPLANATION ATTACHMENT State of legal domicile (item M), the School is located in 800 Zhongshan N. Rd., Sec. 6, Taipei, Taiwan ROC 11152 (TW). Total number of Employees (Part I, line 5), 610 employees included 245 U.S. employees and 365 non U.S. employees as of December 31, 2019. The states with which a copy of this Form 990 is required to be filed (Part VI, line 17), the School is not required to file Form 990 in any State. State the name, physical address, and telephone number of the person who possesses the books and records of the organization (Part VI, line 20), Cathy C Hsu, Controller, Taipei American School Foundation, 800 Zhongshan N. Rd., Sec. 6, Taipei, Taiwan ROC 11152, +886-2-7750-9900 ext. 332. Due to software limitations, the Taiwan telephone number does not appear on Part VI, line 20.