2018-05-15T14:18:23-05:00 2017-06-30 946214841 Armanino LLP 12657 Alcosta Blvd Ste 500 San Ramon CA 945834600 990 2016-07-01 952816435 Marlborough School MARL 3239351147 250 South Rossmore Avenue Los Angeles CA 90004 Nick Hernandez Asso. Head of Finance & Admin. 3239351147 2018-05-14 1 Katy Brown P00650274 9257902600 2018-05-14 2016 2022-09-23 18:48:47Z DR PRISCILLA G SANDS 250 South Rossmore Avenue Los Angeles CA 90004 42308035 0 X www.marlboroughschool.org X 1889 CA MARLBOROUGH SCHOOL IS AN INDEPENDENT, URBAN DAY SCHOOL SERVING A DIVERSE GROUP OF WOMEN. 23 23 293 140 0 0 4439189 4450000 22629026 23489800 1660576 1923845 -127249 -106000 28601542 29757645 2408178 2567400 0 0 15421505 16007299 0 0 1966473 10559354 11868301 28389037 30443000 212505 -685355 156704905 164254100 36327133 40799900 120377772 123454200 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 25307135 2567400 23489800 MARLBOROUGH SCHOOL, FOUNDED IN 1889, IS AN INDEPENDENT, URBAN DAY SCHOOL SERVING A DIVERSE GROUP OF YOUNG WOMEN. 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 2016-2017 YEAR, THE SCHOOL SERVED APPROXIMATELY 530 STUDENTS. 25307135 1 1 0 0 0 0 0 1 0 1 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 1 0 0 0 1 97 0 1 293 1 0 0 0 0 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X Michelle Shanks ControllerBusiness Manager 3239648433 250 South Rossmore Avenue Los Angeles CA 90004 MICHAEL GENDLER PRESIDENT 1.00 X X 0 0 0 PETER SHOEMAKER Vice President 1.00 X X 0 0 0 MICHAEL KONG TREASURER 1.00 X X 0 0 0 MARLA RYAN Secretary 1.00 X X 0 0 0 THE HON CHRISTINE C EWELL TRUSTEE 1.00 X 0 0 0 WILLIAM H AHMANSON TRUSTEE 1.00 X 0 0 0 JUDY BELK TRUSTEE 1.00 X 0 0 0 MARI SNYDER JOHNSON TRUSTEE 1.00 X 0 0 0 KENNETH KARMIN TRUSTEE 1.00 X 0 0 0 DEBRA YANG 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 Art Ochoa 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 BETSY NEVILLE ANDERSON TRUSTEE 1.00 X 0 0 0 ALLISON KELLER PLANTING TRUSTEE 1.00 X 0 0 0 JEFFREY RAICH TRUSTEE 1.00 X 0 0 0 NEVILLE RHONE JR TRUSTEE 1.00 X 0 0 0 Pauline Boghosian TRUSTEE 1.00 X 0 0 0 Katherine Marik Thompson TruSTEE 1.00 X 0 0 0 Jennifer Lewis Cook TruSTEE 1.00 X 0 0 0 Priscilla Sands Head of School 50.00 X 404413 0 290120 Nicola Hernandez Assoc. Head of Fin. & Admin. 50.00 X 308181 0 30090 Laura Hotchkiss Assoc. Head of Academics 50.00 X 279995 0 23600 Lynn McCarthy Director of Development 50.00 X 172240 0 25640 Tom Wadbrook Director of Technology 50.00 X 206433 0 50136 Sean Fitts Director of Middle School 50.00 X 176452 0 24135 Julie Napoleon PE Dept. Head and Summer School Dir. 50.00 X 150074 0 22271 Jeannette Woo-Chitjian Director of Admissions 50.00 X 146684 0 25698 Monica Depriest Co-Director of College Counseling 50.00 X 142312 0 16392 Barbara Wagner Former Head of School 0.00 X 524759 0 0 2511543 0 508082 29 1 1 0 Matt Construction Corp 9814 Norwalk Blvd Ste 100 Santa Fe Springs CA 90670 Construction contractor 16493906 Gibson Dunn & Crutcher LLP 333 South Grand Ave Los Angeles CA 90071 Legal Services 779565 Culinart Inc PO Box 50196 Los Angeles CA 900740196 Food Services 675563 Professional Security Consultants 11454 San Vicente Blvd Los Angeles CA 90049 Security Services 533707 Tumbleweed Transportation PO Box 49291 Los Angeles CA 90049 Bus Transportation 503475 21 4450000 1111050 4450000 Tuition & Fees 611110 21088100 21088100 Auxiliary Services 611110 2401700 2401700 23489800 1273200 1273200 314481 429381 -114900 -114900 -114900 12771000 12047055 73300 723945 -73300 650645 650645 9554 654 8900 8900 29757645 23489800 0 1817845 2567400 2567400 1728298 556592 732036 439670 11536793 9821281 1119584 595928 690058 608333 50511 31214 1172589 934606 150970 87013 879561 720267 100511 58783 86288 27944 55827 2517 77357 77357 154093 154093 73790 73790 1236166 889323 79068 267775 2362542 2138573 179175 44794 39250 32173 5502 1575 275212 229907 17706 27599 707713 636942 56617 14154 2713595 2442235 217088 54272 448047 403242 35844 8961 Instructional 1599717 1599717 Student Activities 1484293 1484293 Miscellaneous 610238 214307 63713 332218 30443000 25307135 3169392 1966473 61990 1963 16080022 18831537 6110154 4260700 325851 1057700 16300 41871 20000 565287 977800 121374739 27256685 62324679 94118054 23933535 29161246 22242400 15608800 25019116 200000 156704905 164254100 4543076 4433800 12187170 13347900 19596887 23018200 36327133 40799900 X 59635572 75823000 37279200 23495300 23463000 24135900 120377772 123454200 156704905 164254100 X -685355 3761955 -172 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 200000 X 0 45313000 1189600 5352000 1854500 50000100 48045500 742000 -1357400 2117100 45313000 48121000 2011900 1161900 3249300 48045500 43596100 802700 5242000 1519800 48121000 37411100 298100 6809900 1374300 -451300 43596100 0.13930 0.48270 0.37800 1 0 5586700 7726117 13312817 7762754 74450343 18283452 63929645 9252909 8321011 931898 16595916 652222 15943694 94118054 1594100 F Investments in pass throughs 14014700 F 15608800 X 30724300 3761955 -2567400 1194555 29529745 227900 227900 29757645 27647700 -2567400 -2567400 30215100 227900 227900 30443000 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, 2017 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 -2,567,400. Part XII, Line 2d - Other Adjustments: Financial Aid -2,567,400. 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. 1 Financial Aid 90 2567400 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 X 1 1 X X X X X 1 1 0 0 0 0 0 0 0 Priscilla Sands Head of School 404413 0 0 0 0 0 161550 0 128570 0 694533 0 0 0 Nicola Hernandez Assoc. Head of Fin. & Admin. 308181 0 0 0 0 0 18000 0 12090 0 338271 0 0 0 Laura Hotchkiss Assoc. Head of Academics 279995 0 0 0 0 0 18000 0 5600 0 303595 0 0 0 Lynn McCarthy Director of Development 172240 0 0 0 0 0 14580 0 11060 0 197880 0 0 0 Tom Wadbrook Director of Technology 206433 0 0 0 0 0 14246 0 35890 0 256569 0 0 0 Sean Fitts Director of Middle School 176452 0 0 0 0 0 12895 0 11240 0 200587 0 0 0 Julie Napoleon PE Dept. Head and Summer School Dir. 150074 0 0 0 0 0 10731 0 11540 0 172345 0 0 0 Jeannette Woo-Chitjian Director of Admissions 146684 0 0 0 0 0 13968 0 11730 0 172382 0 0 0 Monica Depriest Co-Director of College Counseling 142312 0 0 0 0 0 11332 0 5060 0 158704 0 0 0 Barbara Wagner Former Head of School 524759 0 0 0 0 0 0 0 0 0 524759 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 $116,400 and is included in column (D) nontaxable benefits. In addition, the School provides a discretionary spending account to the Head of School. All of the aforementioned items are not treated as taxable compensation. Part I, Lines 4a-b 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 2016 TAX YEAR, $18,000 ACCRUED IN THE SEC. 457(B) PLAN AND $125,000 ACCRUED IN THE SEC. 457(F) PLAN. Barbara Wagner, Former Head of School, received severance in the amount of $524,759. A California Infrastructure and Economic Development Bank 630304653 2014-04-10 29298794 Buildings and structures, related working capital 0 0 0 A 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 Laura Hotchkiss Key Employee Education X 24400 16300 0 1 1 16300 Debra Yang Trustee is a partner at Gibson Dunn and Crutcher, LLP. 930387 Board Trustee, Ms. Debra Wong Yang, is a Partner at Gibson Dunn and Crutcher, LLP. Total payments for legal services provided by GDC for the calendar year-ended 12/31/16 was $779,565. The total paid for the FYE June 30, 2017 was $930,387. 0 Schedule L, Part IV Costs for legal services provided by Gibson Dunn and Crutcher were offset by insurance proceeds during the year, which is why the total expense for legal services listed on Form 990, Part IX, Line 11b is significantly less than the amount reported as paid to attorneys here on Schedule L. X 30 1090702 FMV X Senior Luncheon tickets, LA Country Club 1 10192 FMV X 9th Grade Event 1 7560 FMV X Parenting dinner and recruiting 1 2596 FMV 0 1 0 Part I, Column (b): NUMBERS IN COLUMN (B) REPRESENT THE NUMBER OF DONORS. 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. 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. Form 990, Part XI, line 9: Rounding adjustment -172. 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