2017-05-10T18:59:50-05:00 2016-06-30 111986323 MARCUM LLP 101 MONTGOMERY STREET 1900 SAN FRANCISCO CA 94104 990 2015-07-01 943204137 MENLO SCHOOL MENL 6503302000 50 VALPARAISO AVENUE ATHERTON CA 94027 BILL SILVER CFO/BUSINESS MANAGER 6503302000 2017-05-05 1 GEORGE UCCELLI P00282278 4154326200 2015 2021-01-29 14:40:06Z THAN HEALY 50 VALPARAISO AVENUE ATHERTON CA 94027 61512680 0 X WWW.MENLOSCHOOL.ORG X 1994 CA ESTABLISH AND OPERATE AS AN EDUCATIONAL INSTITUTION FOR THE EDUCATION OF YOUNG MEN AND WOMEN. 27 27 401 1059 25447 24447 7937191 21866729 31493500 32818544 136829 141003 2155027 2165498 41722547 56991774 4635625 5427488 0 0 23878729 25927060 0 0 1628222 14693831 16516027 43208185 47870575 -1485638 9121199 212321134 223453355 46187994 51924765 166133140 171528590 MENLO SCHOOL'S MISSION IS TO EMPOWER STUDENTS TO EXPLORE AND EXPAND THEIR INTERESTS, REACH THEIR FULLEST POTENTIAL, DEVELOP THE SKILLS NECESSARY FOR SUCCESS IN COLLEGE, AND BECOME ETHICAL, RESPONSIBLE, AND ENGAGED MEMBERS OF EVER WIDER COMMUNITIES. 0 0 42775497 5427488 35149147 INSTRUCTION FOR GRADES 6 TO 12 FOR APPROXIMATELY 795 STUDENTS. 42775497 1 1 0 0 0 0 0 0 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 1 0 1 0 1 0 0 0 0 1 0 0 0 1 169 0 1 401 1 1 1 0 0 0 0 1 1 0 0 0 0 X 27 27 0 0 0 0 0 1 0 1 1 0 0 0 1 0 1 1 1 1 1 0 CA X BILL SILVER CFO 6503302001 50 VALPARAISO AVENUE ATHERTON CA 94027 LARRY FRYE BOARD CHAIR 2.00 X X 0 0 0 NICOLE RUBIN VICE CHAIR 2.00 X X 0 0 0 LAURA CHAN TRUSTEE 2.00 X 0 0 0 BEN BISCONTI TRUSTEE 2.00 X 0 0 0 ROB CHANDRA TRUSTEE 2.00 X 0 0 0 CHRIS DRESSEL TRUSTEE 2.00 X 0 0 0 ELIZABETH DUMANIAN TRUSTEE 2.00 X 0 0 0 JENNIFER AYER TRUSTEE 2.00 X 0 0 0 MARIA FRANTZ TRUSTEE 2.00 X 0 0 0 EARL FRY TRUSTEE 2.00 X 0 0 0 ALICIA HAMMARSKJOLD TRUSTEE 2.00 X 0 0 0 NKIA RICHARDSON TRUSTEE 2.00 X 0 0 0 ROBERT KELLER TRUSTEE 2.00 X 0 0 0 PURVI KUNWAR TRUSTEE 2.00 X 0 0 0 CASEY TUNGUZ TRUSTEE 2.00 X 0 0 0 JILL PARKER TRUSTEE 2.00 X 0 0 0 GARY PINKUS TRUSTEE 2.00 X 0 0 0 MICHAEL UYTENGSU TRUSTEE 2.00 X 0 0 0 SERRA SIMBECK TRUSTEE 2.00 X 0 0 0 BRAD SMITH TRUSTEE 2.00 X 0 0 0 MARK STEVENS TRUSTEE 2.00 X 0 0 0 DENNIS WONG TRUSTEE 2.00 X 0 0 0 BRENDA WOODSON TRUSTEE 2.00 X 0 0 0 STEVE YOUNG TRUSTEE 2.00 X 0 0 0 JOHN ZEISLER TRUSTEE 2.00 X 0 0 0 MARK GATES TRUSTEE 2.00 X 0 0 0 GREG GOLUB TRUSTEE 2.00 X 0 0 0 THAN HEALY HEAD OF SCHOOL 40.00 X 429114 0 62885 HEATHER HANNAN ASSIT TO HEAD/BOARD SEC FROM 3/1/16 40.00 X 0 0 0 JULIE JOHNSON ASSIST TO HEAD/BOARD SEC TO 3/1/16 40.00 X 83824 0 18258 BILL SILVER CFO 40.00 X 234084 0 29055 JOHN SCHAFER DIRECTOR OF UPPER SCHOOL 40.00 X 208562 0 41678 MICHAEL THIBODEAUX UPPER SCHOOL FACULTY 40.00 X 153879 0 29677 VIDYA KAGAN DIR OF DATA MANAG & RESEARCH FOR DEVELOPMENT 40.00 X 171246 0 33327 TONY LAPOLLA DEAN OF STUDENTS 40.00 X 189863 0 26121 DAVID MCADOO DIR OF OPERATIONS/CONSTRUCTION/FACILITIES 40.00 X 170112 0 38777 ERIC SPROSS DIRECTOR OF TECHNOLOGY 40.00 X 167166 0 28081 1807850 0 307859 62 0 1 0 KORTH SUNSERI HAGEY ARCHITECTS 349 SUTTER ST SAN FRANCISCO CA 94108 ARCHITECTURE 288635 UNIVERSAL PROTECTION SERVICE LP PO BOX 101034 PASADENA CA 911891034 SECURITY 226556 BAY AREA GRAPHICS LLC 1181 CHESS DR H FOSTER CITY CA 94404 DESIGN/PRINTING 212200 ARTISTLED 210 W 78TH ST 6B NEW YORK NY 10024 ARTISTIC/MUSICAL 206031 LAUTZE & LAUTZE CPAS 303 SECOND STREET STE 950 SAN FRANCISCO CA 94107 AUDIT/ ACCOUNTING 121050 5 1519317 20347412 4055797 21866729 STUDENT TUITION 611600 32818544 32818544 32818544 141440 25447 115993 119364 0 119364 119364 119364 4140824 1890 4140824 2327 0 -437 -437 -437 30133 1519317 339485 -309352 -309352 62716 38270 24446 24446 OTHER 611600 1252220 1252220 MUSIC@MENLO 611600 507865 507865 CHILD CARE REVENUE 624410 254794 254794 316161 316161 2331040 56991774 35149147 25447 -49549 5427488 5427488 1197115 717791 383235 96089 19109163 17231736 1199734 677693 1960320 1820279 62097 77944 2219855 2059281 83295 77279 1440607 1268761 118369 53477 111195 36188 75007 114800 114800 2757775 2374277 133656 249842 22134 17323 963 3848 2132760 2014118 54668 63974 88778 39651 49127 1171533 1165951 5530 52 462706 458106 348 4252 336092 91 336001 4040020 3577125 309582 153313 340148 11842 328306 MUSIC@MENLO 2153323 2153323 SUPPLIES 589153 537728 42269 9156 BUS PROGRAM SERVICES 550380 550380 ENTRANCE FEES 354561 354561 1290669 959497 169869 161303 47870575 42775497 3466856 1628222 6211401 22806831 42394611 34589631 7779830 7694333 1191650 7274082 973500 1044500 67110 80126 542548 743421 150886568 45781638 106466239 105104930 2593427 2523146 42964149 40434273 226316 213740 910353 944342 212321134 223453355 4900296 4581622 22985126 29143143 15000000 15000000 3200000 3200000 102572 0 46187994 51924765 X 131299824 136933103 18244862 13762664 16588454 20832823 166133140 171528590 212321134 223453355 X 9121199 -854731 -2871018 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 44328000 4917000 -764000 2414000 46067000 43124000 649000 2369000 1814000 44328000 37002000 2386000 4955000 1219000 43124000 35434000 546000 2253000 1231000 37002000 33524000 2205000 533000 828000 35434000 0.40000 0.45000 0.15000 0 0 32700000 32700000 99923423 31043395 68880028 5507241 3914627 1592614 4929247 4587359 341888 7826657 6236257 1590400 105104930 LIMITED PARTNERSHIP INTERESTS 40434273 F 40434273 X 50838000 -957303 -5209294 -6166597 57004597 -12823 -12823 56991774 45440000 2882716 2882716 42557284 5313291 5313291 47870575 PART V, LINE 4: THE SCHOOL INTENDS TO HOLD ITS ENDOWMENT FUND FOR THE LONG TERM AND USE THE EARNINGS TO SUPPORT ITS PROGRAMS. PART X, LINE 2: THE SCHOOL IS A QUALIFIED ORGANIZATION EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTON 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND SECTION 23701D OF THE CALIFORNIA REVENUE AND TAXATION CODE, RESPECTIVELY. U.S. GAAP REQUIRES MANAGEMENT TO EVALUATE THE TAX POSITIONS TAKEN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE SCHOOL HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN AND HAS CONCLUDED THAT AS OF JUNE 30, 2016, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A TAX LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE SCHOOL IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. PART XI, LINE 2D - OTHER ADJUSTMENTS: PARENTS ASSOCIATION EXPENSES -108,260. UNREALIZED GAIN ON SWAP 102,572. ROUNDING 1,425. FINANCIAL AID AND SCHOLARSHIPS (NETTED AGAINST TUITION) -5,205,031. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -38,270. UNRELATED BUSINESS INCOME 25,447. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 38,270. ROUNDING -1,125. WRITE OFF ON UNCOLLECTABLE PROMISES TO GIVE 2,845,571. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AND SCHOLARSHIPS (NETTED AGAINST TUITION) 5,205,031. PARENTS ASSOCIATION EXPENSE 108,260. 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 RACIAL NONDISCRIMINATORY POLICY WAS PUBLISHED IN THE SAN FRANCISCO CHRONICLE ON JUNE 6, 2016. THE POLICY IS ALSO STATED ON THE SCHOOL'S WEBSITE AND ADMISSIONS MATERIALS. AUCTION EVENT 1549450 1519317 30133 2445 117775 950 218315 1549450 1519317 30133 2445 117775 950 218315 339485 -309352 1 FINANCIAL AID 171 5205031 COLLEGE TUITION GRANT 14 222457 PART I, LINE 2: FINANCIAL AID: THESE ARE ALL FINANCIAL AID AWARDS, AND THE AWARDS ARE APPLIED DIRECTLY BY THE SCHOOL TO THE RECIPIENTS' TUITION BALANCE. THERE IS NO POSSIBILITY THAT THE AWARD COULD BE MISAPPLIED. COLLEGE TUITION GRANT: COLLEGE OPPORTUNITY FUND SCHOLARSHIPS ARE SENT DIRECTLY TO THE UNIVERSITY'S FINANCIAL AID OFFICE WITH A LETTER INDICATING THE STUDENT'S NAME AND STUDENT ID NUMBER. THE LETTER STATES THAT THE FUNDS ARE TO BE USED FOR ANY TUITION AND FEES INCURRED BY THE STUDENT AS A RESULT OF ENROLLMENT, AND SHOULD THE STUDENT WITHDRAW FROM THE INSTITUTION THE UNUSED SCHOLARSHIP FUNDS ARE TO BE RETURNED TO MENLO SCHOOL. X 1 1 X X X X X X 0 0 0 0 0 0 0 0 0 THAN HEALY HEAD OF SCHOOL 394114 0 35000 0 0 0 31800 0 31085 0 491999 0 0 0 BILL SILVER CFO 234084 0 0 0 0 0 27423 0 1632 0 263139 0 0 0 JOHN SCHAFER DIRECTOR OF UPPER SCHOOL 202972 0 5590 0 0 0 24247 0 17431 0 250240 0 0 0 MICHAEL THIBODEAUX UPPER SCHOOL FACULTY 148938 0 4941 0 0 0 18150 0 11527 0 183556 0 0 0 VIDYA KAGAN DIR OF DATA MANAG & RESEARCH FOR DEV 171246 0 0 0 0 0 20599 0 12728 0 204573 0 0 0 TONY LAPOLLA DEAN OF STUDENTS 183906 0 5957 0 0 0 17895 0 8226 0 215984 0 0 0 DAVID MCADOO DIR OF OPERATIONS/CONSTRUCTION/FACIL 166873 0 3239 0 0 0 20131 0 18646 0 208889 0 0 0 ERIC SPROSS DIRECTOR OF TECHNOLOGY 161231 0 5935 0 0 0 19495 0 8586 0 195247 0 0 0 PART I, LINE 1A JOHN SCHAFER (DIRECTOR OF UPPER SCHOOL), TONY LAPOLLA (DEAN OF STUDENTS) RECEIVED HOUSING ALLOWANCES WHICH ARE INCLUDED IN THEIR W-2 WAGES. THAN HEALY (HEAD OF SCHOOL) RESIDES AT THE HEAD OF SCHOOL HOUSE, OWNED BY THE SCHOOL. A ABAG FINANCE AUTHORITY FOR NONPROFIT CORPORATIONS 943130123 00037CFH8 2003-11-20 15000000 ASSIST IN FINANCING CONSTRUCTION 0 0 0 A 15000000 377216 14622784 2004 0 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 1 1 0 0 0 1 A 1 SCHEDULE K, PART IV, ARBITRAGE, LINE 2C: THE REBATE COMPUTATION WAS PERFORMED IN 2005. AT THAT TIME, THE SCHOOL DETERMINED THAT ALL THE BOND PROCEEDS WERE SPENT IN CONSTRUCTION OF CERTAIN FACILITIES ON THEIR CAMPUS. 20550 TUITION REMISSION DISCOUNTED TUITION DEBORHA BLAKE SPOUSE OF THAN HEALY, HEAD OF SCHOOL. 30200 EVENTS MANAGEMENT SERVICES 0 X 100 3420115 FMV X AUCTION ITEMS, GIK 419 635682 FMV 0 1 0 FORM 990, PART VI, SECTION A, LINE 7A THE LEADERSHIP COMMITTEE OF THE BOARD OF TRUSTEES REQUESTS NOMINATIONS FOR TRUSTEES FROM THE SCHOOL COMMUNITY. THE NOMINEES ARE VETTED BY THE LEADERSHIP COMMITTEE AND PROPOSED TO THE BOARD. THE BOARD DISCUSSES AND SELECTS NEW TRUSTEES IN EXECUTIVE SESSION. NEW TRUSTEES ARE ANNOUNCED AT THE FINAL BOARD MEETING OF THE YEAR. ONLY TRUSTEES ELECT NEW TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PREPARED BY CERTIFIED PUBLIC ACCOUNTANTS, MARCUMP LLP. IT IS REVIEWED BY THE CFO AND CONTROLLER PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CFO SIGNS ALL CHECKS AND KNOWS THE VENDORS WE DO BUSINESS WITH. HE KNOWS WHO OUR BOARD MEMBERS ARE AND IS ALWAYS MINDFUL AND AWARE OF ANY POTENTIAL CONFLICTS OF INTEREST. IF THERE WERE ANY RELATIONSHIPS BETWEEN BOARD MEMBERS AND VENDORS, WE WOULD GO THROUGH THE PROCESS OF ENSURING THAT ALL TRANSACTIONS WERE AT ARM'S LENGTH. WE HAVE STRENUOUSLY ENDEAVORED TO BE SURE THAT THERE ARE NO CONFLICTS AND MONITOR OUR ACCOUNTS PAYABLE. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION FOR HEAD OF SCHOOL AND CFO/BUSINESS MANAGER IS APPROVED BY THE COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE BY REQUEST. GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE IN THE BOARD SECRETARY'S OFFICE. FINANCIAL STATEMENTS ARE IN THE BUSINESS OFFICE. FORM 990, PART XI, LINE 9: CHANGE IN ALLOWANCE FOR DOUBTFUL NOTES RECEIVABLE UNRELATED BUSINESS INCOME -25,447. WRITE OFF OF UNCOLLECTABLE PROMISES TO GIVE -2,845,571. FORM 990, PART XII, LINE 2C: NO CHANGE FROM PRIOR YEAR. MENLO SCHOOL AND MENLO COLLEGE C/O MENLO SCHOOL 50 VALPARAISO AVEN ATHERTON CA 94027 941156656 SUPPORT ACTIVITIES OF ITS AFFILIATED ORGANIZATIONS, MENLO SCHOOL AND COLLEGE CA 501(C)(3) LINE 11A, I N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0