2018-05-02T13:56:48-05:00 2017-06-30 941254756 HOOD & STRONG LLP 275 BATTERY ST STE 900 SAN FRANCISCO CA 94111 990 2016-07-01 941622034 URBAN SCHOOL OF SAN FRANCISCO URBA 4156262919 1563 PAGE STREET SAN FRANCISCO CA 94117 DIANE WALTERS CFO 4156262919 2018-04-25 1 MAGA E KISRIEV P01008919 4157810793 12.201.129.210 2018-04-25 12:31:14 PD P 21B36D69BA2594878549B740C4BB0D7F52AE627F CAFA9AA1E89874839F3D5C3237E8B2C5F72BBE23 2016 2021-01-29 14:40:06Z MARK SALKIND 1563 PAGE STREET SAN FRANCISCO CA 94117 22809723 0 X WWW.URBANSCHOOL.ORG X 1966 CA THE SCHOOL PROVIDES COLLEGE PREPARATORY SECONDARY EDUCATION IN GRADES 9 THROUGH 12. 29 29 213 500 0 0 2633608 3730259 15861557 18485400 302442 304396 62013 46751 18859620 22566806 3059273 3470895 0 0 9028809 9991682 5264 0 934467 4699043 6989463 16792389 20452040 2067231 2114766 63474310 73135962 31552166 37740960 31922144 35395002 X THE URBAN SCHOOL OF SAN FRANCISCO SEEKS TO IGNITE A PASSION FOR LEARNING, INSPIRING ITS STUDENTS TO BECOME SELF-MOTIVATED, ENTHUSIASTIC PARTICIPANTS IN THEIR EDUCATION BOTH IN HIGH SCHOOL AND BEYOND. 0 0 16993071 3470895 18520566 FOUNDED IN 1966, URBAN OFFERS A DEMANDING COLLEGE PREPARATORY PROGRAM IN THE ARTS, ENGLISH, HISTORY, LANGUAGES, AND MATHEMATICS. INCOMING STUDENTS ARE ISSUED STATE-OF-THE-ART LAPTOP COMPUTERS FOR SCHOOL AND HOME USE TO HELP FULLY INTEGRATE TECHNOLOGY INTO THE CURRICULUM. THE SCHOOL FIELDS INTERSCHOLASTIC TEAMS IN MANY SPORTS AND PROVIDES NUMEROUS EXTRACURRICULAR OPPORTUNITIES FOR STUDENT LEADERS, WRITERS AND PERFORMERS. THROUGH FIELDWORK, COMMUNITY SERVICE AND INTERNSHIPS, STUDENTS EXPLORE AND CONTRIBUTE TO OUR OWN HAIGHT-ASHBURY NEIGHBORHOOD, AS WELL AS TO THE LARGER COMMUNITY. URBAN HAS A FACULTY OF 54 FULL- AND PART-TIME TEACHERS AND 420 STUDENTS IN GRADES 9 THROUGH 12. THE TEACHER-STUDENT RATIO IS 1:9. THE URBAN SCHOOL OF SAN FRANCISCO IS ACCREDITED BY THE WESTERN ASSOCIATION OF SCHOOLS AND COLLEGES (WASC), AND IS A MEMBER OF THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS (NAIS), THE CALIFORNIA ASSOCIATION OF INDEPENDENT SCHOOLS (CAIS), THE COUNCIL FOR THE ADVANCEMENT AND SUPPORT OF EDUCATION (CASE), AND THE SECONDARY SCHOOL ADMISSION TEST BOARD. URBAN IS ALSO A MEMBER OF A BETTER CHANCE (ABC), THE BAY COUNTIES LEAGUE (BCL).THE URBAN SCHOOL OF SAN FRANCISCO ADMITS STUDENTS WITHOUT REFERENCE TO RACE, COLOR, SEX, RELIGION, SEXUAL ORIENTATION, NATIONAL OR ETHNIC ORIGIN TO ALL THE RIGHTS PRIVILEGES, PROGRAMS, AND ACTIVITIES GENERALLY ACCORDED OR MADE AVAILABLE TO STUDENTS AT THE SCHOOL. IT DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, SEX, RELIGION, SEXUAL ORIENTATION, NATIONAL OR ETHNIC ORIGIN IN ADMINISTRATION OF ITS EDUCATIONAL POLICIES, FINANCIAL AID PROGRAM, ATHLETIC OR SCHOOL-ADMINISTERED PROGRAMS. 16993071 1 1 0 0 0 0 0 0 0 1 1 0 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 1 0 0 0 0 1 108 0 1 213 1 0 0 0 0 0 1 1 0 0 0 0 X 29 29 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X DIANE WALTERS 4156262919 1563 PAGE STREET SAN FRANCISCO CA 941172017 SCOTT SKLAR CHAIR 5.00 X X 0 0 0 PETER ROSS CHAIR EMERITUS 3.00 X X 0 0 0 GEOFF SEARS VICE CHAIR 3.00 X X 0 0 0 DAN SPRINGER VICE CHAIR 3.00 X X 0 0 0 ANN FISCHER-HECHT VICE CHAIR 3.00 X X 0 0 0 CLAIRE SOLOT TREASURER 3.00 X X 0 0 0 SERINA LOPEZ SECRETARY 3.00 X X 0 0 0 ANTHONY ARMSTRONG TRUSTEE 2.00 X 0 0 0 BRIAN MAY TRUSTEE 2.00 X 0 0 0 CHRISTINA FOX TRUSTEE 2.00 X 0 0 0 DEANN WRIGHT TRUSTEE 2.00 X 0 0 0 EVE NIQUETTE TRUSTEE 2.00 X 0 0 0 GRETCHEN SANDLER TRUSTEE 2.00 X 0 0 0 JONATHAN KROPF TRUSTEE 2.00 X 0 0 0 KATE JESSUP TRUSTEE 2.00 X 0 0 0 MISHA OLIVAS TRUSTEE 2.00 X 0 0 0 REGAN PRITZKER TRUSTEE 2.00 X 0 0 0 RENEE RICHARDS TRUSTEE 2.00 X 0 0 0 RICK HOSKINS TRUSTEE 2.00 X 0 0 0 ROBERT ROSNER TRUSTEE 2.00 X 0 0 0 SCOTT DRUMMOND TRUSTEE 2.00 X 0 0 0 SEJAL DESAI TRUSTEE 2.00 X 0 0 0 SHANNON COGEN TRUSTEE 2.00 X 0 0 0 STEVE MORRIS TRUSTEE 2.00 X 0 0 0 STEVEN DINKELSPIEL TRUSTEE 2.00 X 0 0 0 SUSAN MASTO TRUSTEE 2.00 X 0 0 0 TAMARA HICKS TRUSTEE 2.00 X 0 0 0 TARA WILSON TRUSTEE 2.00 X 0 0 0 WARRINGTON PARKER TRUSTEE 2.00 X 0 0 0 MARK SALKIND CEO/HEAD OF SCHOOL 50.00 X 430725 0 57813 DIANE WALTERS CFO 50.00 X 238117 0 25877 KARI KIERNAN SECRETARY 37.50 X 78132 0 14797 CHARLOTTE WORSLEY ASSISTANT HEAD FOR STUDENT LIFE 40.00 X 170110 0 23576 JONATHAN HOWLAND DEAN OF FACULTY 40.00 X 135752 0 36178 GEOFF RUTH ACADEMIC DEAN 40.00 X 134037 0 14445 SUSAN LEE CO-DIRECTOR OF COLLEGE COUNSELING 40.00 X 116850 0 25611 1303723 0 198297 23 0 1 0 PLANT CONSTRUCTION SERVICES 300 NEWHALL STREET SAN FRANCISCO CA 94124 CONSTRUCTION SERVICES 9668105 SODEXO INC AND AFFILIATES PO BOX 646 LISLE IL 60532 FACILITY SUPPORT 833222 CYO TRANSPORTATION SERVICES 699 SERRAMONTE BLVD SUITE 210 DALY CITY CA 94105 TRANSPORTATION 481155 ROSSI BUILDERS INC 5 3RD STREET 822 SAN FRANCISCO CA 94103 CONSTRUCTION SERVICES 317829 FLIK INTERNATIONAL CORPORATION PO BOX 50196 LOS ANGELES CA 90074 CAFETERIA SERVICES 224767 8 177225 3553034 129063 3730259 TUITION AND FEES 611600 17800633 17800633 TRANSPORTATION 611600 210690 210690 SALES REVENUE 611600 73458 73458 TRIPS REVENUE 611600 72008 72008 GRADUATION EVENTS 611600 31636 31636 296975 296975 18485400 312223 312223 60935 65616 -4681 -4681 -4681 66505 2500 67047 9785 -542 -7285 -7827 -7827 108635 177225 100469 8166 8166 8100 0 8100 8100 MISCELLANEOUS REVENUE 900099 35166 35166 35166 22566806 18520566 0 315981 3470895 3470895 885036 187322 572833 124881 7468073 6590064 361856 516153 372738 333818 17381 21539 687297 598909 53858 34530 578538 488073 57323 33142 26914 26914 41207 41207 2550 2550 225234 95675 120540 9019 59901 33207 7225 19469 2379559 1745456 532931 101172 106426 81828 15586 9012 1521271 1420847 80033 20391 59258 45907 8682 4669 69845 55297 9374 5174 515979 515979 1711733 1607734 81845 22154 143146 135814 5592 1740 PROFESSIONAL MEMBERSHIP 63289 39074 15343 8872 SEMESTER PROGRAMS 63151 63151 20452040 16993071 2524502 934467 6161896 6403398 28699 753695 784661 975540 7599741 8510014 19337 0 705546 592780 51570707 11695550 12063527 39875157 14018854 16025378 22092049 0 63474310 73135962 5016563 1185493 14538543 15158812 11997060 21396655 31552166 37740960 X 13644757 29363221 16535760 4228743 1741627 1803038 31922144 35395002 63474310 73135962 2114766 1358092 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8253509 410670 1152673 293314 9523538 8172681 295542 -53062 161652 8253509 7941474 496500 -33065 232228 8172681 6924888 146400 914309 44123 7941474 5984570 195848 753781 9311 6924888 0.74580 0.18940 0.06480 0 0 400000 1760455 2160455 683861 44465247 9104701 36044407 11895 656172 511346 156721 16550 3367440 1969675 1414315 209087 109828 99259 39875157 X 20636979 1358092 -3353535 -1995443 22632422 -65616 -65616 22566806 17164121 65616 65616 17098505 3353535 3353535 20452040 PART V, LINE 4: THE SCHOOL'S ENDOWMENT WAS ESTABLISHED TO GENERATE GENERAL OPERATING SUPPORT TO THE ORGANIZATION. IT IS COMPOSED OF THE DONOR-RESTRICTED ENDOWMENT AND THE BOARD DESIGNATED ENDOWMENT. PART X, LINE 2: THE SCHOOL IS A TAX-EXEMPT ORGANIZATION UNDER INTERNAL REVENUE SERVICE CODE SECTION 501(C)(3) AND THE CALIFORNIA TAX CODE. THE SCHOOL HAS EVALUATED ITS CURRENT TAX POSITIONS AND HAD CONCLUDED THAT AS OF JUNE 30, 2017, THE SCHOOL HAS MAINTAINED ITS TAX EXEMPT STATUS AND HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: TUITION ASSISTANCE INCLUDED WITH REVENUE ON FINANCIALS -3,360,820. LOSS ON DISPOSAL OF ASSETS EXPENSES RECLASSIFIED TO REVENUE 7,285. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -65,616. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 65,616. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE INCLUDED WITH REVENUE ON FINANCIALS 3,360,820. LOSS ON DISPOSAL OF ASSETS EXPENSES RECLASSIFIED TO REVENUE -7,285. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 NONDISCRIMINATORY POLICY PUBLISHED IN THE SAN FRANCISCO CHRONICLE ON OCTOBER 12, 2016. ANNUAL AUCTION 285860 177225 108635 9197 76563 2000 12709 285860 177225 108635 9197 76563 2000 12709 100469 8166 1 FINANCIAL AID 123 3470895 PART I, LINE 2 URBAN SCHOOL SUBSCRIBES TO NAIS SCHOOL AND STUDENT SERVICES (SSS), FOR FINANCIAL AID SERVICE. AFTER FAMILIES SUBMIT DETAILED FINANCIAL INFORMATION, SSS ANALYZES THE DATA AND RECOMMENDS AN AMOUNT THAT EACH FAMILY CAN EXPECT TO PAY FOR EDUCATIONAL EXPENSES. URBAN'S FINANCIAL AID COMMITTEE, WHICH IS NOT A BOARD COMMITTEE, USES THIS FIGURE AS THE STARTING POINT FOR ITS FINANCIAL AWARD CALCULATIONS. FAMILIES MUST ALSO SUBMIT 2 YEARS OF THEIR MOST RECENT FEDERAL TAX FORM 1040. X 1 0 X X X X 0 0 0 0 0 0 0 0 0 MARK SALKIND CEO/HEAD OF SCHOOL 345465 0 0 0 85260 0 42000 0 15813 0 488538 0 0 0 DIANE WALTERS CFO 238117 0 0 0 0 0 23804 0 2073 0 263994 0 0 0 CHARLOTTE WORSLEY ASSISTANT HEAD FOR STUDENT LIFE 170110 0 0 0 0 0 11908 0 11668 0 193686 0 0 0 JONATHAN HOWLAND DEAN OF FACULTY 135752 0 0 0 0 0 23848 0 12330 0 171930 0 0 0 PART I, LINE 1A MARK SALKIND, THE CEO/HEAD OF SCHOOL, RECEIVED $85,260 HOUSING ALLOWANCE. THE AMOUNT WAS INCLUDED IN HIS W-2 WAGES. A CALIFORNIA ENTERPRISE DEVELOPMENT AUTHORITY 352273601 2015-06-19 23000000 SEE PART VI FOR DESCRIPTION OF PURPOSE 0 0 0 A 23000000 7131113 68887 15800000 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 0 0 0 0 0 0 A 0 SCHEDULE K, PART I, COLUMN (F): ON JUNE 19, 2015, THE SCHOOL ENTERED INTO A LOAN AGREEMENT WITH FIRST REPUBLIC BANK (THE BANK) AND CALIFORNIA ENTERPRISE DEVELOPMENT AUTHORITY (THE AUTHORITY) FOR A TAX-EXEMPT LOAN (THE LOAN) IN THE AMOUNT OF $20,000,000. THE LOAN PROCEEDS ARE FUNDED BY THE BANK THROUGH THE AUTHORITY AND THE SCHOOL MAKES THE BORROWING DRAWS AS NEEDED TO: (I) REFINANCE THE SCHOOL'S OBLIGATIONS (THE PRIOR LOAN) UNDER TAX EXEMPT BONDS ISSUED BY THE CALIFORNIA ENTERPRISE DEVELOPMENT AUTHORITY THEN OUTSTANDING IN THE AMOUNT OF $7,200,000 (SERIES A). (II) FINANCE THE NORTH CAMPUS EXPANSION AND CAPITAL UPGRADES TO THE EXISTING CAMPUS IN THE AMOUNT OF $12,800,000 (SERIES B), INCLUDING FINANCE RELATED TRANSACTION COSTS OF $316,000 WHICH WERE CAPITALIZED. THE SCHOOL'S PAYMENT OBLIGATIONS UNDER THE LOAN FROM THE AUTHORITY ARE ASSIGNED TO THE BANK. AS OF JUNE 30, 2017 THE OUTSTANDING BALANCE OF THE SCHOOL'S SERIES A BORROWING AMOUNTED TO $6,891,912. THE SERIES A LOAN BEARS A FIXED RATE OF 3.25%, IS FULLY AMORTIZED, REQUIRES ANNUAL PAYMENTS OF PRINCIPAL AND INTEREST OF $378,000 TO BE PAID MONTHLY, AND MATURES ON JUNE 1, 2045. THE LOAN IS COLLATERALIZED BY REAL PROPERTY LOCATED AT 1563 PAGE STREET, SAN FRANCISCO, CA 94117, PERFECTED THROUGH A FIRST DEED OF TRUST. AS OF JUNE 30, 2017, THE OUTSTANDING BALANCE OF THE SCHOOL'S SERIES B BORROWING AMOUNTED TO $12,800,000. THE SERIES B LOAN BEARS A FIXED RATE OF 3.25%, AND IS INTEREST ONLY FOR THE FIRST 3 YEARS. ANNUAL PRINCIPAL AND INTEREST PAYMENTS OF $717,000 WILL BEGIN ON JULY 1, 2018 AND CONTINUE THROUGH LOAN MATURITY ON JUNE 1, 2045. THE SCHOOL ALSO ENTERED INTO A SERIES C LOAN WITH FIRST REPUBLIC BANK FOR A $3,000,000 NONREVOLVING LINE OF CREDIT FOR THE NORTH CAMPUS EXPANSION TO BRIDGE THE TIMING BETWEEN COLLECTING OUTSTANDING PLEDGES AND INCURRING CONTRACTOR EXPENSES. THE SERIES C LOAN BEARS A VARIABLE RATE OF LIBOR PLUS 1.5%. THE REPAYMENT SCHEDULE IS $1,000,000 IN JUNE 2017, $700,000 IN JUNE 2018, $300,000 IN JUNE 2019, AND $1,000,000 IN JUNE 2020. AS OF JUNE 30, 2017, THE OUTSTANDING BALANCE OF THE SCHOOL'S SERIES C BORROWING AMOUNTED TO $1,999,820 . THE LOAN COVENANTS REQUIRED OF THE SCHOOL ARE TO MAINTAIN MINIMUM DEBT SERVICE COVERAGE RATIO AND MINIMUM LIQUIDITY. MANAGEMENT BELIEVES THAT THE SCHOOL WAS IN COMPLIANCE WITH SUCH FINANCIAL COVENANTS AT JUNE 30, 2017. X 27 129063 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTORS REFLECTS THE NUMBER OF DONORS, NOT THE NUMBER OF ITEMS DONATED. FORM 990, PART VI, SECTION B, LINE 11B HOOD & STRONG FORWARDED THE FORM 990 TO THE CFO AND THE CONTROLLER. THE CFO AND CONTROLLER PROVIDED THE FORM 990 TO THE HEAD OF SCHOOL, THE FINANCE COMMITTEE, AND THE BOARD OF TRUSTEES FOR THEIR REVIEW PRIOR TO FILING THE FORM 990. HOOD & STRONG PRESENTED THE FORM 990 EXCLUDING SCHEDULE B TO THE FINANCE COMMITTEE AT A MEETING AND ADDRESSED ANY QUESTIONS AT THE MEETING. A COPY OF THE FORM 990 EXCLUDING SCHEDULE B WAS PROVIDED TO THE FINANCE COMMITTEE, AND THE BOARD OF TRUSTEES FOR REVIEW. GIVEN THE CONFIDENTIAL NATURE OF BOTH THE AMOUNT OF GIFTS TO THE SCHOOL, AS WELL AS IN SOME CASES THE NAMES OF DONORS, THE SCHOOL BELIEVES THAT TO MAKE THIS INFORMATION AVAILABLE TO PERSONS OTHER THAN THOSE ORIGINALLY CONTEMPLATED BY THE DONOR WOULD CONSTITUTE A BREACH OF TRUST. FORM 990, PART VI, SECTION B, LINE 12C THE SCHOOL WILL REQUIRE ALL TRUSTEES AND OFFICERS TO ANNUALLY REVIEW THE CONFLICT OF INTEREST POLICY, AND TO COMPLETE AND SIGN A CONFIDENTIAL CONFLICT OF INTEREST STATEMENT AND RETURN IT TO THE HEAD'S OFFICE. THE HEAD WILL ANNUALLY MAKE A REPORT TO THE EXECUTIVE COMMITTEE BASED ON THE DISCLOSURE FORMS SUBMITTED. TRUSTEES SHOULD AMEND THEIR STATEMENT IF CIRCUMSTANCES ARISE DURING THE YEAR. THE CFO FOLLOWS UP WITH THE BOARD SECRETARY DURING THE YEAR, TO ENSURE FORMS ARE RETURNED IN A TIMELY MANNER AND NO CONFLICTS EXIST. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD'S EXECUTIVE COMMITTEE ANNUALLY REVIEWS AND DISCUSSES COMPENSATION AND BENEFITS FOR THE HEAD OF SCHOOL AND CFO. OUTSIDE CONSULTANTS ARE HIRED WHEN NECESSARY TO ASSESS COMPENSATION OF SIMILAR POSITIONS. ANNUALLY, THE COMMITTEE REVIEWS COMPENSATION SURVEYS COMPILED BY LOCAL AND NATIONAL INDEPENDENT SCHOOL ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 NO DOCUMENTS AVAILABLE TO THE PUBLIC. THE 1565 BLUES LLC 1563 PAGE STREET SAN FRANCISCO CA 94117 941622034 ACQUIRING, OWNING, OPERATING AND HOLDING REAL PROPERTY AT 1565 PAGE ST. CA 60935 823807 URBAN SCHOOL OF SAN FRANCISCO