2018-02-01T11:38:41-06:00 2017-06-30 111986323 Marcum LLP 1 Montgomery Street Suite 1700 San Francisco CA 94104 990 2016-07-01 680360702 Montessori de Terra Linda MONT 4154797373 610 Del Ganado Road San Rafael CA 94903 jaye flynn head of school 4154797373 2018-02-01 1 JULIET SONG P00857784 4154326200 144.121.95.190 2018-02-01 11:37:27 PS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 7BCEA092D4CA3FA1F4ABEA00A2CFF2FB191C8846 2016 2021-01-29 14:40:06Z JAYE FLYNN 610 DEL GANADO road SAN RAFAEL CA 94903 3082226 0 X www.mdtl.org X 1995 CA MONTESSORI DE TERRA LINDA (THE SCHOOL), IS A NOT-FOR-PROFIT ORGANIZATION OPERATING AS A COEDUCATIONAL PREPARATORY DAY SCHOOL WITH CLASSES FROM PRE-KINDERGARTEN THROUGH SIXTH GRADE FOR APPROXIMATELY 160 STUDENTS. INCORPORATED IN 1995, THE SCHOOL IS LOCATED IN SAN RAFAEL, CALIFORNIA. THE BOARD OF TRUSTEES SERVES AS AN OVERSIGHT BODY FOR THE SCHOOL. 10 10 46 250 0 0 122744 115940 2721316 2925069 -5979 6581 0 0 2838081 3047590 335799 363554 0 0 1747827 1876164 0 0 0 750089 841547 2833715 3081265 4366 -33675 5400029 5280747 3955391 3869784 1444638 1410963 X Montessori de Terra Linda is a diverse community of teachers, parents and children working together for the education of the child, utilizing the methods of Maria Montessori. We serve children ages 2-12, providing a rich learning environment based upon the belief that all children can reach their personal and academic potential.Montessori de Terra Linda believes that the genuine cooperation of parents, students and educators combines to provide an effective and highly successful experience. Engaging and applying our core values, we work to develop responsible and caring students who are self-motivated and who respect themselves, their peers and their surroundings. 0 0 2252934 363554 2687889 Montessori Preschool and Elementary school serving approximately 160 students. 111368 160947 After school program for preschool and elementary children. 56314 76233 Summer camp, holiday camps, and after school enrichment. 2420616 1 1 0 0 0 0 0 0 0 0 1 0 0 1 0 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 46 1 0 0 0 0 0 1 1 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA X KAREN WALLS 4154797373 610 Del Ganado Road San Rafael CA 94903 Shelly Riggle Board President 15.00 X X 0 0 0 Susan Johnson Secretary 5.00 X X 0 0 0 Christian Willard Treasurer 8.00 X X 0 0 0 Shannon Israel Trustee 10.00 X 0 0 0 Allison Jordan Trustee 5.00 X 0 0 0 Diane Mina Vice President 10.00 X X 0 0 0 Lisheng Wang Trustee 5.00 X 0 0 0 Glenn Morimoto Trustee 8.00 X 0 0 0 David Cullinan Trustee 15.00 X 0 0 0 Lindsay Kacer Trustee 8.00 X 0 0 0 Jaye Flynn Head of School 60.00 X 140904 0 20319 Karen Walls Director of Finance 15.00 X 37911 0 0 178815 0 20319 1 0 1 0 0 16732 99208 115940 TUITION 611710 2683134 2683134 after care & CAMP 611710 226993 226993 misc. fees 611710 14942 14942 2925069 6581 6581 34636 16732 34636 0 3047590 2925069 0 6581 363554 363554 199134 199134 1347941 1160306 187635 73787 55340 18447 124675 93506 31169 130627 97970 32657 5580 4185 1395 36212 27159 9053 11469 8602 2867 95350 71513 23837 20573 15430 5143 52411 39308 13103 10099 7574 2525 204909 153682 51227 24999 18749 6250 57760 43320 14440 170339 127754 42585 30251 22688 7563 INSTRUCTIONAL EXPENSES 75119 75119 Other Expenses 23352 17514 5838 PARENT RELATIONS 23124 17343 5781 3081265 2420616 660649 0 730303 834912 73644 30311 88852 57607 28175 8973 2823136 376821 2562582 2446315 1916473 1902629 5400029 5280747 96338 91924 2631720 2625808 1227333 1152052 3955391 3869784 X 1348427 1332844 96211 78119 1444638 1410963 5400029 5280747 -33675 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2673274 275706 2397568 149862 101115 48747 2446315 Tuition and fees receivable related to 2016-17 1369548 Restricted Cash 533081 1902629 X 2684036 0 2684036 363554 363554 3047590 2717711 0 2717711 363554 363554 3081265 Part X, Line 2: The school is a qualified organization exempt from federal and state income taxes under section 501(c)(3) of the Internal Revenue Code (IRC) and section 23701d of the California Revenue and Taxation Code, respectively. Management evaluated the school's tax positions and concluded it maintained its tax exempt status and had taken no uncertain tax positions that would require adjustment to the financial statements. Therefore, no provision or liability for income taxes has been included in the financial statements. The 2013 through 2016 tax years remain subject to examination by the Internal Revenue Service. In addition, the 2012 through 2016 tax years remain subject to examination by the California Franchise Tax Board. However, management is unaware of any pending examinations nor are there any in progress. Part XI, Line 4b - Other Adjustments: financial aid netted with tuition revenue on audited financial statements 363,554. Part XII, Line 4b - Other Adjustments: financial aid netted with tuition revenue on audited financial statements 363,554. 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 IN THE SAN FRANCISCO CHRONICLE ON JUNE 6, 2017. THE POLICY IS ALSO STATED IN ALL OF THE SCHOOL'S PUBLICATIONS. AUCTION 51368 16732 34636 16340 18296 51368 16732 34636 16340 18296 34636 0 1 VARIOUS INDIVIDUAL STUDENTS 52 363554 FMV SCHOLARSHIPS Part I, Line 2: The financial aid committee solicits applications from the parent body, asking that they apply directly to SSS (School and Student Services) which provides an unbiased calculation of what a family can afford to pay. The committee then applies a modifier to the calculation in order to better reflect the realities of the economics of the SF Bay Area. Tax returns are reviewed to substantiate the information provided to SSS. 0 0 0 0 0 0 0 0 0 Jaye Flynn Head of School 140904 0 0 0 0 0 0 0 20319 0 161223 0 0 0 Form 990, Part VI, Section B, line 11b The 990 will be passed on to the board for review before the form is filed. Form 990, Part VI, Section B, line 12c At the start of each school year, the Board reviews the policy and asks each Board member to sign it. Form 990, Part VI, Section B, line 15a The Executive Committee of the Board of Trustees solicited benchmark salaries for other Heads of Schools. Form 990, Part VI, Section C, line 19 The School publishes its annual report in the fall and posts a copy on its website. The annual report includes condensed financial statements. The governing documents and conflict of interest policy are available on request. FORM 990, PART XII, LINE 2C: THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE YEAR. Form 990, PART X, LINES 15 & 23 The FASB issued ASU No. 2015-03, Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs. ASU No. 2015-03 amends the FASB Accounting Standards Codification to require that debt issuance costs be presented in the statement of financial position as a direct deduction from the carrying amount of the related liability. Such treatment is consistent with the current presentation of debt discounts or premiums. As it stood prior to amendment, debt issuance costs were reported in the statement of financial position as an asset (i.e., a deferred charge), whereas debt discounts and premiums were, and remain, reported as deductions from or additions to the debt itself. In addition, the amendment requires that the amortization of debt issuance cost be reported as a component of interest expense. Recognition and measurement guidance for debt issuance costs is not affected by amendments to the Accounting Standards Codification. As permitted, the School adopted ASU 2015-03 retrospectively to July 1, 2015, to present debt issuance costs as a reduction of the carrying amount of the debt rather than as an asset. Notes payable as of June 30, 2016, were previously reported on the statement of financial positon at $1,227,333, with the associated $13,151 of unamortized loan fees included in assets. Amortization of the loan fees of $1,247 is reported as interest expense in the statement of activities and changes in net assets, and was previously presented as amortization expense.