2020-07-15T12:02:22-05:00 2019-06-30 946214841 ARMANINO LLP 12657 ALCOSTA BLVD STE 500 SAN RAMON CA 945834600 990 2018-07-01 952816435 MARLBOROUGH SCHOOL MARL 3239351147 250 SOUTH ROSSMORE AVENUE LOS ANGELES CA 90004 NICK HERNANDEZ ASSO. HEAD OF FINANCE & ADMIN. 3239351147 2020-07-13 1 KATY BROWN P00650274 9257902600 2020-07-13 34.104.1.97 2020-07-13 23:24:29 PD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 1BF88008A19D766D41DA0E3F00E89E8C5C027F9E 2018 2021-01-29 14:40:06Z DR PRISCILLA G SANDS 250 SOUTH ROSSMORE AVENUE LOS ANGELES CA 90004 53775915 0 X WWW.MARLBOROUGHSCHOOL.ORG X 1889 CA MARLBOROUGH SCHOOL IS AN INDEPENDENT, URBAN DAY SCHOOL SERVING A DIVERSE GROUP OF WOMEN. 24 24 414 300 -36826 -36826 6515768 5685195 25625029 26767339 5670590 1088271 74011 26904 37885398 33567709 2744883 2629827 0 0 16529300 17560128 0 0 2016600 14670646 14010921 33944829 34200876 3940569 -633167 166453576 168490718 41048076 42630218 125405500 125860500 MARLBOROUGH SCHOOL, FOUNDED IN 1889, IS AN INDEPENDENT, URBAN DAY SCHOOL FOR YOUNG WOMEN. THE SCHOOL DELIVERS A SUPERIOR COLLEGE PREPARATORY EDUCATION TO APPROXIMATELY 530 STUDENTS. 0 0 27867527 2629827 26767339 MARLBOROUGH SCHOOL, FOUNDED IN 1889, IS AN INDEPENDENT, URBAN DAY SCHOOL SERVING A DIVERSE GROUP OF YOUNG WOMEN, GRADES 7 THROUGH 12. THE SCHOOL IS LOCATED IN THE HANCOCK PARK AREA OF LOS ANGELES, CALIFORNIA. THE SCHOOL IS COMMITTED TO DELIVERING A SUPERIOR COLLEGE PREPARATORY EDUCATION IN AN ENVIRONMENT IMBUED WITH HIGH ETHICAL VALUES. MARLBOROUGH BELIEVES THAT, FOR WOMEN, ACADEMIC EXCELLENCE, LEADERSHIP SKILLS, AND CONFIDENCE FLOURISH BEST IN A SCHOOL EXCLUSIVELY DEVOTED TO THEIR EDUCATION. THE MARLBOROUGH COMMUNITY ENABLES EACH STUDENT TO DEVELOP HER FULLEST POTENTIAL SO THAT SHE MAY CONTRIBUTE IN A GLOBAL SOCIETY. DURING THE 2018-2019 YEAR, THE SCHOOL SERVED APPROXIMATELY 530 STUDENTS. 27867527 1 1 0 0 0 0 0 1 0 1 1 1 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 113 0 1 414 1 0 0 0 0 0 0 0 0 0 0 0 0 X 24 24 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X NICK HERNANDEZ 3239648433 250 SOUTH ROSSMORE AVENUE LOS ANGELES CA 90004 X MARLA RYAN PRESIDENT 1.00 X X 0 0 0 ART OCHOA VICE-PRESIDENT 1.00 X X 0 0 0 MICHAEL KONG TREASURER 1.00 X X 0 0 0 PAULINE BOGHOSIAN SECRETARY 1.00 X X 0 0 0 JEFFREY RAICH TRUSTEE 1.00 X 0 0 0 MICHAEL GENDLER TRUSTEE 1.00 X 0 0 0 WILLIAM H AHMANSON TRUSTEE 1.00 X 0 0 0 MARI SNYDER JOHNSON TRUSTEE 1.00 X 0 0 0 W JIM ELLISON TRUSTEE 1.00 X 0 0 0 DIANE HAWLEY TRUSTEE 1.00 X 0 0 0 FRANCINE LANE TRUSTEE 1.00 X 0 0 0 COURTNEY CUMMINGS WOLFF TRUSTEE 1.00 X 0 0 0 KIRK HARTMAN TRUSTEE 1.00 X 0 0 0 THE REV BESTY NEVILLE ANDERSON TRUSTEE 1.00 X 0 0 0 ALLISON KELLER PLANTING TRUSTEE 1.00 X 0 0 0 NEVILLE RHONE JR TRUSTEE 1.00 X 0 0 0 KATHERINE MARIK THOMPSON TRUSTEE 1.00 X 0 0 0 LAURA BRILL TRUSTEE 1.00 X 0 0 0 KATHERINE BRITTAIN BRADLEY TRUSTEE 1.00 X 0 0 0 MISSY MINGST KOLSKY TRUSTEE 1.00 X 0 0 0 TRACY MALLORY TRUSTEE 1.00 X 0 0 0 ROBERT HART TRUSTEE (STARTING 07/18) 1.00 X 0 0 0 SALADIN PATTERSON TRUSTEE (STARTING 07/18) 1.00 X 0 0 0 MATTHEW WALDEN TRUSTEE (STARTING 07/18) 1.00 X 0 0 0 PRISCILLA SANDS HEAD OF SCHOOL 50.00 X 854376 0 331806 NICOLA HERNANDEZ ASSOC. HEAD OF FIN. & ADMI 50.00 X 352798 0 51675 LAURA HOTCHKISS ASSOC. HEAD OF ACADEMICS 50.00 X 294488 0 29267 LYNN MCCARTHY DIRECTOR OF DEVELOPMENT 50.00 X 187220 0 28205 SEAN FITTS DIRECTOR OF MIDDLE SCHOOL 50.00 X 186184 0 28615 JEANNETTE WOO-CHITJIAN HEAD OF ADMISSIONS 50.00 X 169790 0 29772 SHEILA PAULEY HEAD OF ATHLETICS 50.00 X 158177 0 19241 2203033 0 518581 30 0 1 0 ROSSMOYNE INC 3500 OCEAN VIEW BOULEVARD GLENDALE CA 91208 CONSTRUCTION SERVICES 1355178 CULINART PO BOX 50196 LOS ANGELES CA 90074 FOOD SERVICES 781384 PROFESSIONAL SECURITY CONSULTANTS 11454 SAN VICENTE BOULEVARD LOS ANGELES CA 90049 SECURITY SERVICES 649966 CREATIVE BROADCAST TECHNIQUES 12585 KIRKHAM COURT POWAY CA 92064 ENGINEERING SERVICES 638902 TUMBLEWEED TRANSPORTATION PO BOX 49291 LOS ANGELES CA 90049 TRANSPORTATION SERVICES 557203 15 7338 5677857 1165236 5685195 TUITION & FEES 611110 23161581 23161581 AUXILIARY SERVICES 611110 3605758 3605758 26767339 1127721 -36826 1164547 306871 262781 44090 44090 44090 19871700 19829459 81691 42241 -81691 -39450 -39450 17089 7338 34275 -17186 -17186 33567709 26767339 -36826 1152001 2629827 2629827 1106158 272503 561153 272502 13460679 11365530 1264642 830507 804433 678729 71623 54081 1173042 947199 139295 86548 1015816 843484 106095 66237 112633 112633 119639 119639 208549 208549 997795 705492 116390 175913 803231 623058 79609 100564 562097 443198 89149 29750 2735270 2485241 200023 50006 345979 281340 44268 20371 77894 44564 24438 8892 872254 785029 69780 17445 2826878 2544190 226150 56538 459275 168722 286804 3749 CURRICULA & STUDENT SUP 1243292 1243292 STUDENT TRANSPORT/TRVL 1063477 1063477 SUMMER PROGRAM SUPPLIES 416984 416984 DONOR AND COMMUNITY REL 269840 29737 240103 895834 325668 566772 3394 34200876 27867527 4316749 2016600 35264 6597 24577681 24423594 3512642 2939742 145282 170358 28500 31232 31232 846117 259874 126198674 31886422 92969457 94312252 24970765 15881250 19136636 30265819 200000 200000 166453576 168490718 3728811 4019254 14281953 15719977 23037312 22890987 41048076 42630218 X 76402500 77605400 23650500 20799200 25352500 27455900 125405500 125860500 166453576 168490718 X -633167 1160718 -72551 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 200000 X 0 49997800 2103300 1868300 4935100 49034300 50000100 1216600 2319900 3538800 49997800 45313000 1189600 5352000 1854500 50000100 48045500 742000 -1357400 2117100 45313000 48121000 2011900 1161900 3249300 48045500 0.06460 0.55990 0.37550 1 0 7318091 7726122 15044213 8332051 76166041 21729333 62768759 10048247 8648391 1399856 16608122 1508698 15099424 94312252 INVESTMENTS IN PASS THROUGHS 30265819 F 30265819 X 31817500 1160718 -2702378 -1541660 33359160 208549 208549 33567709 31362500 0 31362500 208549 2629827 2838376 34200876 PART III, LINE 4: THE SCHOOL POSSESSES TWO SCULPTURES WHICH WERE DONATED TO THE SCHOOL FOR THE PURPOSE OF PUBLIC DISPLAY. PART V, LINE 4: THE SCHOOL INTENDS TO HOLD THE ENDOWMENT FUNDS IN PERPETUITY, USING EARNINGS FROM THE FUNDS TO HELP SUPPORT FINANCIAL AID, EMPLOYEE COMPENSATION, AND STUDENT PROGRAMS AS DESIGNATED BY DONORS. PART X, LINE 2: THE SCHOOL IS A QUALIFIED SCHOOL 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, 2019 THE SCHOOL DOES NOT HAVE ANY SIGNIFICANT UNCERTAIN TAX POSITIONS FOR WHICH A RESERVE WOULD BE NECESSARY. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID -2,629,827. CHANGE IN VALUATION OF SPLIT-INTEREST AGREEMENT -72,551. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 2,629,827. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 A NOTICE OF NONDISCRIMINATORY POLICY AS TO STUDENTS" IS PUBLISHED ANNUALLY DURING THE SCHOOL'S ADMISSIONS PERIOD IN SEVERAL AREA EDITIONS OF THE LOS ANGELES TIMES, IN CONJUNCTION WITH OTHER LOCAL SCHOOLS. HOLIDAY BOUTIQUE 15387 7338 8049 6145 923 ALUMNAE DAY 9040 9040 27207 24427 7338 17089 33352 923 34275 -17186 1 FINANCIAL AID 84 2629827 FMV DIRECT CREDIT TO STUDENT ACCOUNT PART I, LINE 2: THE BOARD OF TRUSTEES IS RESPONSIBLE FOR THE REVIEW OF POLICIES GOVERNING FINANCIAL AID FOR STUDENTS IN THE SCHOOL. THE FINANCIAL AID COMMITTEE IS RESPONSIBLE FOR RECOMMENDING CHANGES IN POLICY TO THE BOARD FOR ITS CONSIDERATION, AS WELL AS DETERMINING THE DISTRIBUTION OF BUDGETED FINANCIAL AID FUNDS AMONG QUALIFIED APPLICANTS AND AMONG COMPETING NEEDS. THE COMMITTEE REPORTS TO THE BOARD ON A REGULAR BASIS REGARDING THE FINANCIAL AID PROCESS AND AWARD DECISIONS. X X X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 PRISCILLA SANDS HEAD OF SCHOOL 440277 0 0 0 414099 0 175250 0 156556 0 1186182 0 375000 0 NICOLA HERNANDEZ ASSOC. HEAD OF FIN. & ADMI 351760 0 0 0 1038 0 36667 0 15008 0 404473 0 0 0 LAURA HOTCHKISS ASSOC. HEAD OF ACADEMICS 280244 0 0 0 14244 0 20179 0 9088 0 323755 0 0 0 LYNN MCCARTHY DIRECTOR OF DEVELOPMENT 186577 0 0 0 643 0 15508 0 12697 0 215425 0 0 0 SEAN FITTS DIRECTOR OF MIDDLE SCHOOL 185035 0 0 0 1149 0 13584 0 15031 0 214799 0 0 0 JEANNETTE WOO-CHITJIAN HEAD OF ADMISSIONS 168630 0 0 0 1160 0 15100 0 14672 0 199562 0 0 0 SHEILA PAULEY HEAD OF ATHLETICS 157056 0 0 0 1121 0 8200 0 11041 0 177418 0 0 0 PART I, LINE 1A THE SCHOOL FURNISHES AN ON-CAMPUS RESIDENCE TO THE HEAD OF SCHOOL WHERE SHE RESIDES AS A CONDITION OF HER EMPLOYMENT FOR THE SCHOOL'S CONVENIENCE. HOUSECLEANING AND LANDSCAPING SERVICES TO MAINTAIN THE RESIDENCE ARE ALSO PROVIDED. THE APPROXIMATE VALUE OF THESE BENEFITS IS $140,760 AND IS INCLUDED IN COLUMN (D) NONTAXABLE BENEFITS. ALL OF THE AFOREMENTIONED ITEMS ARE NOT TREATED AS TAXABLE COMPENSATION. PART I, LINE 4B PRISCILLA SANDS, HEAD OF SCHOOL, PARTICIPATES IN THE SCHOOL'S SEC. 457(B) AND SEC. 457(F) DEFERRED COMPENSATION PLANS. DURING THE CALENDAR YEAR ENDING WITHIN THE 2018 TAX YEAR, $18,500 ACCRUED IN THE SEC. 457(B) PLAN AND $137,500 ACCRUED IN THE SEC. 457(F) PLAN. ALSO DURING THE 2018 CALENDAR YEAR, THE HEAD OF SCHOOL VESTED IN THE EXTISTING 457(F) PLAN, AND A ONE-TIME DISTRIBUTION OF $412,763 WAS INCLUDED AS TAXABLE COMPENSATION IN HER W-2. AS SHOWN ON SCHEDULE J, PART II, COLUMN (F), $375,000 OF THE AMOUNT VESTED THIS YEAR HAD ALREADY BEEN REPORTED AS DEFERRED COMPENSATION ON PRIOR YEAR TAX RETURNS. NICOLA HERNANDEZ, HEAD OF FINANCE AND ADMINISTRATION, PARTICIPATES IN THE SCHOOL'S SEC. 457(B) DEFERRED COMPENSATION PLAN. DURING THE CALENDAR YEAR ENDING WITHIN THE 2018 TAX YEAR, $18,500 ACCRUED IN THE SEC. 457(B) PLAN. A CALIFORNIA INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK 630304653 2014-04-10 29298794 BUILDINGS AND STRUCTURES, RELATED WORKING CAPITAL 0 0 0 A 165457 23530721 225976 42250 18175972 10854596 2016 1 0 1 1 A 0 0 0 0 0 0 0 A 0 0 1 0 1 0 0 0 1 A 0 X 19 1164236 FMV X CLASS MEALS 4 1000 FMV 0 1 0 PART I, COLUMN (B): AMOUNTS IN COLUMN (B) REPRESENT THE NUMBER OF CONTRIBUTORS NOT THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION B, LINE 11B THE SCHOOL'S AUDIT COMMITTEE OF THE BOARD OF TRUSTEES FIRST REVIEWS THE FORM 990 IN DETAIL, THEN PRESENTS IT TO THE FULL BOARD OF TRUSTEES. THE 990 IS POSTED TO THE SECURE PORTAL FOR TRUSTEES TO VIEW IN ADVANCE OF THE FULL BOARD DISCUSSION. THE FORM 990 IS ALSO AVAILABLE IN THE HEAD OF SCHOOL'S OFFICE AND THE BUSINESS OFFICE TO BE REVIEWED IN DETAIL BY ANY TRUSTEE. THE DONOR INFORMATION (SCHEDULE B) IS ONLY REVIEWED BY THE HEAD OF SCHOOL, DIRECTOR OF FINANCE AND OPERATIONS, CONTROLLER/BUSINESS MANAGER, AND DIRECTOR OF DEVELOPMENT. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, EACH EMPLOYEE AND EACH MEMBER OF THE BOARD OF TRUSTEES, IS REQUIRED TO COMPLETE A CONFLICT OF INTEREST FORM. ADDITIONALLY, AT LEAST ONCE DURING THE SCHOOL YEAR, THE HEAD OF SCHOOL REMINDS ALL EMPLOYEES OF THE POLICY ALONG WITH A REMINDER TO REPORT ANY GIFTS THAT MAY BE CONSIDERED A CONFLICT OF INTEREST. FINALLY, AT LEAST ONCE A YEAR, THE HEAD OF SCHOOL REPORTS TO THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES ON ANY POTENTIAL CONFLICTS AND HOW THEY HAVE BEEN HANDLED. FORM 990, PART VI, SECTION B, LINE 15 FOR THE HEAD OF SCHOOL, AN ANNUAL SAFE HARBORS ANALYSIS IS PERFORMED EVERY YEAR BY A CONSULTANT, WHICH INCLUDES A COMPREHENSIVE COMPARISON OF THE HEAD OF SCHOOL'S OVERALL COMPENSATION PACKAGE TO SIMILAR NATIONAL AND LOCAL SCHOOLS TO ENSURE COMPLIANCE WITH THE IRS'S INTERMEDIATE SANCTIONS RULE. THE SAFE HARBORS ANALYSIS IS REVIEWED BY THE PRESIDENT AND VICE PRESIDENT OF THE BOARD OF TRUSTEES AND SHARED WITH OFFICERS OF THE BOARD AND/OR THE EXECUTIVE COMMITTEE AS NEEDED. FOR KEY EMPLOYEES, SCHEDULES ARE CREATED COMPARING SALARIES OF PERSONS IN SIMILAR POSITIONS AT OTHER SCHOOLS. THIS IS PROVIDED TO THE HEAD OF SCHOOL, WHO THEN DETERMINES COMPENSATION FOR EACH KEY EMPLOYEE. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ONLY UPON REQUEST. PART VII, LINE 1A: DURING THE 2018 CALENDAR YEAR, THE HEAD OF SCHOOL VESTED IN AN EXISTING 457(F) PLAN, AND A DISTRIBUTION OF $412,763 WAS INCLUDED AS TAXABLE COMPENSATION IN ADDITION TO NORMAL SALARY ON HER FORM W-2. THE TOTAL SALARY PLUS VESTED 457(F) ACCRUALS APPEAR ON PART VII, LINE 1A, COLUMN (D). FORM 990, PART XI, LINE 9: CHANGE IN VALUATION OF SPLIT-INTEREST AGREEMENT -72,551. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. CHARITABLE REMAINDER TRUSTS ( 1 ) INVESTMENTS CA N/A T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0