2016-05-12T17:34:46-05:00 2015-06-30 942513310 LAUTZE & LAUTZE 303 SECOND STREET SUITE 950N SAN FRANCISCO CA 94107 990 2014-07-01 205758127 PRESIDIO KNOLLS SCHOOL INC PRES 4152020770 250 10TH STREET SAN FRANCISCO CA 94103 LEE DROLET HEAD OF SCHOOL 4152020770 2016-05-10 1 ROGER BULOSAN P00221282 4155436900 2014 2016-08-17 19:52:53Z LEE DROLET 250 10TH STREET SAN FRANCISCO CA 94103 9060022 0 X WWW.PRESIDIOKNOLLS.ORG X 2006 CA TO EDUCATE AND INSPIRE OUR STUDENTS TO BECOME CREATIVE, CONFIDENT AND ENGAGED GLOBAL CITIZENS 17 17 84 300 0 0 4467268 3088821 4397428 5601004 735 2830 375778 364389 9241209 9057044 644918 706466 0 0 2561703 3258854 0 0 79230 1659783 2604249 4866404 6569569 4374805 2487475 7667445 11353341 2294085 3492506 5373360 7860835 X OUR MISSION IS TO EDUCATE AND INSPIRE OUR STUDENTS TO BECOME CONFIDENT, CREATIVE AND RESPONSIBLE INDIVIDUALS ENGAGED IN THE GLOBAL COMMUNITY THROUGH AN INNOVATIVE MANDARIN IMMERSION PROGRAM THAT COMBINES ACADEMIC EXCELLENCE WITH SOCIAL AND EMOTIONAL DEVELOPMENT TO FOSTER A LIFELONG PASSION FOR LEARNING. 0 1 5308482 706466 5967425 PRESIDIO KNOLLS SCHOOL (PKS) IS A PRIVATE, NON-PROFIT, COEDUCATIONAL SCHOOL FOUNDED AS A PRESCHOOL IN 2008 IN SAN FRANCISCO, CALIFORNIA, OFFERING A REGGIO EMILIA INSPIRED EDUCATIONAL APPROACH WITH MANDARIN LANGUAGE IMMERSION. IN 2012, THE SCHOOL BEGAN AN EMERGING K-8 PROGRAM. FOR THE 2014/15 SCHOOL YEAR, THE SCHOOL HAD KINDERGARTEN, 1ST AND 2ND GRADES. ADDITIONAL GRADES WILL BE ADDED EACH SUBSEQUENT YEAR UNTIL 8TH GRADE. 5308482 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 1 1 0 0 1 1 0 0 0 0 0 0 0 0 1 31 0 1 84 1 0 0 0 0 0 0 0 0 0 0 X 17 17 1 0 0 0 0 0 0 1 1 1 0 0 1 0 1 1 0 1 1 0 CA X LEE DROLET 4152020770 250 10TH STREET SAN FRANCISCO CA 94103 WENDY XA TRUSTEE 5.00 X 0 0 0 DAVE LESSING TRUSTEE 5.00 X 0 0 0 MATT KOIDIN CO-CHAIR 5.00 X X 0 0 0 JEREMY LIEW CO-CHAIR 5.00 X X 0 0 0 RANEE LAN TRUSTEE 5.00 X 0 0 0 RACHEL BORDOLI TRUSTEE 5.00 X 0 0 0 RON BOUGANIM TREASURER 5.00 X X 0 0 0 LANIER COLES TRUSTEE 5.00 X 0 0 0 JOE HALLER SECRETARY 5.00 X X 0 0 0 CHING-YEE HU TRUSTEE 5.00 X 0 0 0 KURT MENNING TRUSTEE 5.00 X 0 0 0 LAURA NADLER TRUSTEE 5.00 X 0 0 0 JOHN STRICKLIN TRUSTEE 5.00 X 0 0 0 KEVIN WONG TRUSTEE 5.00 X 0 0 0 MELODY MECKFESSEL TRUSTEE 5.00 X 0 0 0 LEO MA TRUSTEE 5.00 X 0 0 0 ANGELA WONG TRUSTEE 5.00 X 0 0 0 ALFONSO J ORSINI HEAD OF SCHOOL 40.00 X 250000 0 23314 GILLIAN WILSON BUSINESS MANAGER 40.00 X 57551 0 20190 307551 0 43504 1 0 1 0 PLANT CONSTRUCTION COMPANY 300 NEWHALL ST SAN FRANCISCO CA 94124 CONSTRUCTION 3010646 MILLER STARR REGALIA 153 TOWNSEND ST SAN FRANCISCO CA 94107 LEGAL 163796 STUDIO BONDY ARCHITECTURE 110 LINDEN STREET OAKLAND CA 94607 ARCHITECTS 141849 SHEPPARD MULLIN RICHTER & HAMPTON LLP FOUR EMBARCADERO CENTER 17TH FLOOR SAN FRANCISCO CA 94111 LEGAL 139332 4 3088821 321256 3088821 TUITION AND FEES 611600 5601004 5601004 5601004 798 798 5010 2978 2032 2032 2032 PRESCHOOL FOR ALL FUND 611600 364250 364250 OTHER INCOME 900099 139 139 364389 9057044 5967425 0 798 706466 706466 355642 202753 134891 17998 2462298 2286876 141814 33608 225900 216673 6292 2935 215014 189213 21501 4300 40000 40000 639102 639102 48808 48808 4672 1739 2933 20561 20561 56690 51021 4535 1134 86462 86462 884270 795843 70742 17685 269 269 45617 45617 20374 20374 314126 298420 14136 1570 36460 36460 EDUCATIONAL 284438 284438 TUITION DISCOUNTS 43154 43154 HIRING 39910 39910 EVENTS 23923 23923 15413 15413 6569569 5308482 1181857 79230 1341613 2231627 770683 165151 2215361 1501990 8468 16540 66423 50700 8081473 694140 3264897 7387333 7667445 11353341 346123 1494505 1220665 997970 400000 116000 76000 611297 524031 2294085 3492506 X 3106357 6303147 2267003 1557688 5373360 7860835 7667445 11353341 2487475 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7794641 512125 7282516 285214 180559 104655 1618 1456 162 7387333 DEFERRED RENT 524031 524031 X 8307433 -749611 -749611 9057044 0 9057044 5819958 0 5819958 749611 749611 6569569 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. THE SCHOOL HAS ADOPTED THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN, OR EXPECTED TO BE TAKEN, IN A TAX RETURN AND REQUIRES THE AFFIRMATIVE EVALUATION THAT IS MORE-LIKELY-THAN-NOT, BASED ON THE TECHNICAL MERITS OF A TAX POSITION, THAT AN ORGANIZATION IS ENTITLED TO ECONOMIC BENEFITS RESULTING FROM TAX POSITIONS TAKEN IN INCOME TAX RETURNS. FOR TAX EXEMPT ENTITIES, FAVORABLE TAX STATUS ITSELF IS DEEMED TO BE AN UNCERTAINTY, AS EVENTS COULD POTENTIALLY OCCUR TO JEOPARDIZE THEIR TAX-EXEMPT STATUS. IF A TAX POSITION DOES NOT MEET THE MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD, THE BENEFIT OF THAT POSITION IS NOT RECOGNIZED IN THE FINANCIAL STATEMENTS. THIS STANDARD ALSO REQUIRES ORGANIZATIONS TO DISCLOSE ADDITIONAL QUANTITATIVE AND QUALITATIVE INFORMATION IN THEIR FINANCIAL STATEMENTS ABOUT UNCERTAIN TAX POSITIONS. THE SCHOOL'S EVALUATION ON JUNE 30, 2015 REVEALED NO TAX POSITIONS THAT WOULD HAVE A MATERIAL IMPACT ON THE FINANCIAL STATEMENTS. THE 2011 THROUGH 2014 TAX YEARS REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. IN ADDITION, THE 2010 THROUGH 2014 TAX YEARS REMAIN SUBJECT TO EXAMINATION BY THE CALIFORNIA FRANCHISE TAX BOARD. THE SCHOOL DOES NOT BELIEVE THAT ANY REASONABLY POSSIBLE CHANGES WILL OCCUR WITHIN THE NEXT TWELVE MONTHS THAT WILL HAVE A MATERIAL IMPACT ON THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: TUITION DISCOUNTS AND CREDITS -382,077. FINANCIAL AID AWARDS AND TUITION REMISSION -367,534. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION DISCOUNTS AND CREDITS 382,077. FINANCIAL AID AWARDS AND TUITION REMISSION 367,534. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 RACIAL NONDISCRIMINATION POLICY WAS PRINTED IN THE SAN FRANCISCO CHRONICLE ON MAY 20, 2015 SCHEDULE E, PART I, LINE 6 PRESIDO KNOLLS SCHOOL QUALIFIES FOR PRESCHOOL FOR ALL / HEADSTART / FIRST FIVE FUNDS WHICH COVERS A PORTION OF THE TUITION OF CHILDREN ENROLLED IN THE 4 YEAR OLD PROGRAM, AND SOME 3 YEAR OLD PROGRAMS, DEPENDING ON BIRTH DATE. THE FAMILY MUST BE RESIDENT IN SAN FRANCISCO. 1 TUITION ASSISTANCE 19 233432 TUITION REMISSION 6 134102 PRESCHOOL FOR ALL PROGRAM: TUITION CREDITS 65 338932 PART I, LINE 2: TUITION ASSISTANCE: THE SCHOOL USES A THIRD PARTY PROVIDER TO MONITOR WHO SHOULD RECEIVE ASSISTANCE. THE AWARD IS APPLIED TO EACH RECEIPIENTS TUITION BALANCE. TUITION REMISSION: TUITION REMISSION IS OFFERED TO EMPLOYEES AND APPLIED TO EACH RECEIPIENTS TUITION BALANCE. TUITION CREDITS: THE SCHOOL RECEIVES PRESCHOOL FOR ALL FUNDS WHICH COVERS A PORTION OF THE TUITION OF CHILDREN ENROLLED IN THE 4 YEAR OLD PROGRAM, AND SOME 3 YEAR OLD PROGRAMS, DEPENDING ON BIRTH DATE, FOR FAMILIES RESIDENT IN SAN FRANCISCO. X X X 0 0 0 0 0 0 0 0 0 ALFONSO J ORSINI HEAD OF SCHOOL 250000 0 0 0 0 0 0 0 23314 0 273314 0 0 0 A ABAG FINANCE AUTHORITY FOR NONPROFIT CORPORATIONS 943130123 2015-01-27 13100000 SEE BELOW 0 0 0 A 400000 250000 150000 0 0 0 1 A 0 0 0 0 0 0 1 A 0 0 0 1 1 0 0 0 1 A 1 SCHEDULE K, PART I, LINE A, DESCRIPTION OF PURPOSES: TO ASSIST IN THE ACQUISITION OF THE SCHOOL'S CAMPUS IN ADDITION TO PAYING COSTS OF ISSUANCE. SCHEDULE K, PART IV, ARBITRAGE, LINE 2C NO FILING IS REQUIRED AT THIS TIME. WENDY XA TRUSTEE CONSOLIDATION OF PRIOR AMOUNTS RE REIMBURSEMENTS PLUS LOAN TO BUILD SCHOOL X 191000 76000 0 1 1 76000 24142 TUITION REMISSION DISCOUNTED TUITION FRIENDS OF PKS LLC SEE BELOW 150000 SEE BELOW 0 SCHEDULE L, PART IV, RELATIONSHIP BETWEEN INTERESTED PERSON AND THE ORG: THE MEMBERS OF PKS, LLC ARE ALL TRUSTEES OF THE SCHOOL: JEREMY LIEW, RANEE LAN, MELODY MECKFESSEL, LAURA B. NADLER, KURT MENNING, KEVIN S. WONG, LEO K. MA, DAVE LESSING, AND LANIER COLES. SCHEDULE L, PART IV, DESCRIPTION OF TRANSACTION: ON 1/27/15, THE SCHOOL ENTERED INTO A LOAN AGREEMENT WITH THE ABAG FINANCE AUTHORITY FOR NONPROFIT CORPORATIONS (THE AUTHORITY) FOR THE ISSUANCE OF UP TO $3,500,000 ABAG FINANCE AUTHORITY FOR NONPROFIT CORPORATIONS 2015 TAX-EXEMPT SUBORDINATE LOAN (PRESIDIO KNOLLS SCHOOL) PURSUANT TO A SUBORDINATE LOAN AGREEMENT BETWEEN FRIENDS OF PKS, LLC, THE AUTHORITY AND THE SCHOOL. THE LOAN IS TO ASSIST IN THE ACQUISITION OF THE SCHOOL'S CAMPUS. AS OF 6/30/15, THE SCHOOL HAD DRAWN DOWN $150,000 OF THESE FUNDS AVAILABLE. (ALSO SEE SCHEDULE K.) X 5 321256 FMV 0 0 0 FORM 990, PART III, LINE 3 THE SCHOOL ADDED 2ND GRADE IN 2014/15. ADDITIONAL GRADES WILL BE ADDED EACH SUBSEQUENT YEAR UNTIL 8TH GRADE. FORM 990, PART VI, SECTION A, LINE 2 TRUSTEES JEREMY LIEW AND RANEE LAN ARE MARRIED. FORM 990, PART VI, SECTION B, LINE 11 THE BOARD EXECUTIVE COMMITTEE, BOARD FINANCE COMMITTEE AND BOARD FUNDRAISING/DEVELOPMENT COMMITTEE REVIEW THE TAX RETURN PRIOR TO FILING. THE BOARD FINANCE COMMITTEE APPROVES THE FINAL TAX RETURN PRIOR TO FILING. AFTER FILING, THE PUBLIC DISCLOSURE COPY IS SHARED WITH ALL MEMBERS OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REMINDED WHEN SENSITIVE TOPICS COME UP THAT THEY SHOULD DISCLOSE ANY CONFLICT. AT BOARD MEETINGS WHERE THERE IS A KNOWN CONFLICT OF INTEREST IN SUBJECTS BEING DISCUSSED AND/OR VOTED ON, TRUSTEES ARE ASKED TO DECLARE THAT INTEREST AND RECUSE THEMSELVES FROM THE VOTE. CAREFUL NOTE IS MADE OF IF A QUORUM IS AVAILABLE BASED ON THE BOARD MEMBERS PRESENT WHO DO NOT HAVE A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 EXECUTIVE SALARY IS DETERMINED BASED ON A COMPARABILITY STUDY AND VOTED ON BY THE BOARD. OTHER OFFICERS SALARIES ARE DETERMINED BASED ON ANNUAL BUDGET AND VOTED ON BY THE BOARD. A COMPARATIVE STUDY IS PERFORMED AND DATA FROM THE CAL-ISBOA SALARY SURVEY ARE USED TO DETERMINE THE SALARIES FOR THE BUDGET. FORM 990, PART VI, SECTION C, LINE 18 TAX RETURNS MAY BE INSPECTED BY MEMBERS OF THE PUBLIC BY VISITING THE SCHOOL'S OFFICE DURING REGULAR WORKING HOURS FROM 9AM TO 5PM. IN PERSON REQUESTS FOR INSPECTIONS WILL BE ALLOWED ON THE SAME DAY THE REQUEST IS MADE. THE HEAD OF SCHOOL OR FINANCE DIRECTOR WILL HELP FACILITATE REQUESTS BY MEMBERS OF THE PUBLIC TO INSPECT THE SCHOOL'S TAX RETURNS. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST FORM 990, PART VII ALFONSO J. ORSINI - C/O WENDT, 68 PINEHURST BLVD, CALVERTON, NY 11933. PART XII, LINE 2C THERE IS NO CHANGE IN THE PROCESS FROM THE PRIOR YEAR.