2016-03-30T19:47:05-05:00 2015-06-30 946214841 ARMANINO LLP 12657 ALCOSTA BLVD STE 500 SAN RAMON CA 945834600 990 2014-07-01 237313754 SAN FRANCISCO UNIVERSITY HIGH SCHOOL SANF 4154473100 3065 JACKSON STREET SAN FRANCISCO CA 94115 JAMES F CHESTNUT CHIEF FINANCIAL OFFICER 4154473110 2016-03-27 1 JOHN PANETTA P00365375 9257902600 2014 2016-08-17 19:52:53Z JULIA R EELLS 3065 JACKSON STREET SAN FRANCISCO CA 94115 28397666 0 X WWW.SFUHS.ORG X 1973 CA SAN FRANCISCO UNIVERSITY HIGH SCHOOL IS AN INDEPENDENT SECONDARY SCHOOL. 26 26 196 185 0 0 5093517 2655707 14930490 15745748 628630 2771279 602479 608326 21255116 21781060 2251757 2297363 0 0 10865967 11449408 0 0 1343407 6473408 6691139 19591132 20437910 1663984 1343150 70869258 71913582 23720071 24245647 47149187 47667935 X SAN FRANCISCO UNIVERSITY HIGH SCHOOL IS AN INDEPENDENT SECONDARY SCHOOL SERVING APPROXIMATELY 390 STUDENTS ANNUALLY. THE SCHOOL OFFERS A RIGOROUS COLLEGE PREPARATORY CURRICULUM TO A DIVERSE CO-ED STUDENT BODY. APPROXIMATELY 100 STUDENTS MATRICULATE TO A BROAD RANGE OF COLLEGES AND UNIVERSITIES EACH YEAR. 0 0 16725551 2297363 15745748 SAN FRANCISCO UNIVERSITY HIGH SCHOOL IS A FULLY INDEPENDENT ORGANIZATION FORMED FOR THE PURPOSE OF PROVIDING A RIGOROUS COLLEGE PREPARATORY HIGH SCHOOL EDUCATION TO AN ETHNICALLY, CULTURALLY, AND ECONOMICALLY DIVERSE STUDENT BODY OF APPROXIMATELY 395 STUDENTS ANNUALLY. THE SCHOOL OFFERS A BROAD, DEEP AND RICH CURRICULUM IN ENGLISH, HISTORY, LANGUAGES, MATH, SCIENCE AND THE ARTS, INCLUDING NEARLY 30 ADVANCED PLACEMENT AND/OR HONORS LEVEL COURSES. THE PERFORMING ARTS CURRICULUM INCLUDES VOCAL, INSTRUMENTAL AND THEATRICAL COURSES. THE STUDIO ARTS CURRICULUM INCLUDES COURSES IN DRAWING, PAINTING, PHOTOGRAPHY AND CERAMICS. THE SCHOOL ALSO SPONSORS A WIDE RANGE OF INTERSCHOLASTIC ATHLETIC TEAMS FOR GIRLS AND BOYS IN THIRTEEN SPORTS. ALL STUDENTS ALSO PARTICIPATE IN A COMMUNITY SERVICE LEARNING PROGRAM THAT SPANS ALL FOUR YEARS OF THE HIGH SCHOOL EXPERIENCE. APPROXIMATELY 100 STUDENTS GRADUATE EACH YEAR WITH 100% GOING ON TO HIGHER EDUCATION.EMBEDDED WITHIN THE SCHOOL'S EDUCATION MISSION AND PROGRAM IS SUMMERBRIDGE SAN FRANCISCO, A TUITION-FREE ACADEMIC ENRICHMENT AND ADVOCACY PROGRAM SERVING APPROXIMATELY 120 MOTIVATED BUT UNDERSERVED MIDDLE SCHOOL STUDENTS FROM INNER-CITY PUBLIC AND PAROCHIAL SCHOOLS. THE PROGRAM INCLUDES A SIX-WEEK LONG SUMMER ACADEMIC PROGRAM, AND TUTORING, ACADEMIC SUPPORT, AND ENRICHMENT PROGRAMS DURING THE REGULAR SCHOOL YEAR. DURING THE SUMMER STUDENTS TAKE CLASSES IN MATH, WRITING, SOCIAL STUDIES, LANGUAGES, SCIENCE, PUBLIC SPEAKING, HEALTH AND ENVIRONMENTAL EDUCATION, AS WELL AS ELECTIVES IN ARTS AND ATHLETICS. THE SCHOOL-YEAR PROGRAM FEATURES ENRICHMENT COURSES IN MATH AND ENGLISH, AFTER-SCHOOL TUTORING, HIGH SCHOOL COUNSELING AND SECONDARY SCHOOL ADMISSION TEST (SSAT) PREPARATION. APPROXIMATELY 95% OF SUMMERBRIDGE STUDENTS SUBSEQUENTLY ENROLL IN ACADEMICALLY RIGOROUS COLLEGE PREPARATORY HIGH SCHOOLS (UNIVERSITY HIGH SCHOOL AND OTHERS) AND ABOUT 90% GO ON TO FOUR-YEAR COLLEGES. 16725551 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 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 54 0 1 196 1 0 0 0 0 0 1 1 0 0 0 0 X 26 26 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X JAMES CHESTNUT CFO 4154473110 3065 JACKSON STREET SAN FRANCISCO CA 94115 CATHRYN SCHEMBER BOARD CHAIR & PRESIDENT 5.00 X X 0 0 0 PETER WALD VICE CHAIR & VICE PRESIDEN 5.00 X X 0 0 0 DAN CARROLL TRUSTEE & BOARD TREASURER 10.00 X X 0 0 0 DONALD BACON TRUSTEE 5.00 X 0 0 0 JAY BANFIELD TRUSTEE 5.00 X 0 0 0 BARBARA BELLA TRUSTEE 5.00 X 0 0 0 LINDA BURCH TRUSTEE 5.00 X 0 0 0 RONALD CAMI TRUSTEE 5.00 X 0 0 0 MARGARET CHARNAS TRUSTEE 5.00 X 0 0 0 PENNY COULTER TRUSTEE 5.00 X 0 0 0 MATT FARRON TRUSTEE 5.00 X 0 0 0 RANDY GRIDLEY TRUSTEE 5.00 X 0 0 0 WILL HEARST III TRUSTEE 5.00 X 0 0 0 MARIA HEKKER TRUSTEE 5.00 X 0 0 0 CAROLYN LANGELIER TRUSTEE 5.00 X 0 0 0 WILLIAM MADISON TRUSTEE 5.00 X 0 0 0 SYLVIA MESTAYER-COLLINS TRUSTEE 5.00 X 0 0 0 LYNN POOLE TRUSTEE 5.00 X 0 0 0 JANE PRIOR TRUSTEE 5.00 X 0 0 0 DEBBIE GELLER REYNOLDS TRUSTEE 5.00 X 0 0 0 ROBIN HAUSER REYNOLDS TRUSTEE 5.00 X 0 0 0 NADIR SHAIKH TRUSTEE 5.00 X 0 0 0 JIM SHAPIRO TRUSTEE 5.00 X 0 0 0 CATHERINE WALCOTT TRUSTEE 5.00 X 0 0 0 YVONNE WU TRUSTEE 5.00 X 0 0 0 DIANA ZIOLA TRUSTEE 5.00 X 0 0 0 JULIA EELLS HEAD OF SCHOOL 60.00 X 392169 0 33930 JAMES CHESTNUT CHIEF FINANCIAL OFFICER 60.00 X 240594 0 30959 NASIF ISKANDER ASST. HEAD OF SCHOOL 60.00 X 146998 0 34454 SHAUNDRA BASON DIR. OF DEVELOPMENT 60.00 X 172352 0 24328 ALBERT BOYLE IT DIRECTOR 60.00 X 155019 0 29772 INA CLARK IT DEVELOPMENT MANAGER 60.00 X 146884 0 23454 JON REIDER DIR. OF COLLEGE COUSELING 60.00 X 144277 0 21257 1398293 0 198154 28 0 1 0 SODEXO INC DEPT 880328 LOS ANGELES CA 900880328 FACILITIES MANAGEMENT 745824 DARIOUSH INC 990 DOOLITTLE DRIVE 7A SAN LEANDRO CA 94577 FOOD SERVICES 418360 ROCKAWAY CONSTRUCTION INC 400 OLD COUNTRY ROAD 3 PACIFICA CA 94044 GENERAL CONTRACTOR 270151 VERDE DESIGN INC 2455 THE ALAMEDA SUITE 200 SANTA CLARA CA 95050 ATHLETIC FIELD DESIGN 209233 THE LOSS PREVENTION GROUP INC 1814 FRANKLIN STREET SUITE 618 OAKLAND CA 94612 SECURITY GUARD SERVICE 197288 9 247562 2408145 60159 2655707 TUITION AND FEES 611710 15327000 15327000 ACTIVITY & PROGRAM FEES 611710 308252 308252 OTHER RELATED INCOME 611710 110496 110496 15745748 435916 435916 479976 282034 197942 197942 197942 3780916 4393837 1276541 4562849 2504375 -169012 2335363 2335363 892372 247562 482521 409851 409851 13194 12661 533 533 21781060 15745748 0 3379605 2297363 2297363 792065 302458 368273 121334 8191489 6886360 819606 485523 630602 497720 85954 46928 1200608 1005443 110067 85098 634644 498670 89687 46287 42836 42836 107575 107575 134105 134105 42721 36313 4272 2136 167260 167260 396208 336777 39621 19810 1332537 1147338 123466 61733 70076 53431 7124 9521 510601 434011 51060 25530 1493816 1240546 123339 129931 150268 129855 13609 6804 ACADEMIC DEPARTMENT EXP 701488 701488 OTHER ACADEMIC RELATED 622267 622267 MISCELANEOUS OPERATING 554700 480011 49793 24896 DIRECT FUNDRAISING EXPE 208309 208309 156372 55500 31305 69567 20437910 16725551 2368952 1343407 5461997 9484675 2730002 3801183 1873443 1407358 801883 1014746 9552 16937 306844 214135 51932288 19721566 35184766 32210722 24430251 23683002 70520 80824 70869258 71913582 1451513 1637591 8135250 8736010 8408211 8224487 4900000 4900000 825097 747559 23720071 24245647 X 16201235 18208315 11182995 9517710 19764957 19941910 47149187 47667935 70869258 71913582 1343150 -824402 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 29477750 448315 -290160 1215000 28420905 27141355 414954 3141441 1220000 29477750 25920907 492762 1847686 1120000 27141355 27254498 380488 -594079 1120000 25920907 22428592 1423838 4522068 1120000 27254498 0.08700 0.70170 0.21140 0 0 5828866 5828866 43189659 17527562 25662097 2913763 2194004 719759 32210722 INTEREST RATE SWAP 747559 747559 X 19020372 -824402 495182 -329220 19349592 134105 2297363 2431468 21781060 18501624 495182 495182 18006442 134105 2297363 2431468 20437910 PART V, LINE 4: 100% OF THE SCHOOL'S ENDOWMENT FUNDS ARE COMMITTED TO THE SUPPORT OF THE OVERALL EDUCATIONAL MISSION OF THE SCHOOL. SOME FUNDS HAVE A SECONDARY RESTRICTION OR PURPOSE DESIGNATION, SUCH AS FINANCIAL AID, FACULTY SUPPORT, THE SUMMERBRIDGE PROGRAM, ETC., BUT ALL SUCH FUNDS ARE IN FURTHERANCE OF THE SCHOOL'S EDUCATION PROGRAMS. PART X, LINE 2: THE SCHOOL HAS EVALUATED ITS CURRENT TAX POSITIONS AND HAS CONCLUDED THAT AS OF JUNE 30, 2015 AND 2014, THE SCHOOL DOES NOT HAVE ANY SIGNIFICANT UNCERTAIN TAX POSITIONS FOR WHICH A RESERVE WOULD BE NECESSARY. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 482,521. COST OF GOODS SOLD 12,661. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID EXPENSE 2,297,363. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 482,521. COST OF GOODS SOLD 12,661. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID EXPENSE 2,297,363. 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 INDEPENDENT SCHOOL BUSINESS OFFICERS ASSOCIATION PLACES AN AD ANNUALLY IN THE SAN FRANCISCO CHRONICLE AND SFGATE.COM ON BEHALF OF THE PARTICIPATING SCHOOLS STATING THE STANDARD NON-DISCRIMINATION POLICY OF ALL SCHOOLS LISTED IN THE AD. THE POLICY STATES THAT THE SCHOOLS DO NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, ETHNICITY, NATIONAL ORIGIN, RELIGION, GENDER OR SEXUAL ORIENTATION IN THE ADMINISTRATION OF ADMISSIONS POLICIES, ACADEMIC POLICIES, EMPLOYMENT POLICIES, FINANCIAL AID POLICIES, AND ATHLETIC AND OTHER EXTRA-CURRICULAR ACTIVITIES AND PROGRAMS. APPROXIMATELY 85 SCHOOLS PARTICIPATE IN THE AD, INCLUDING SAN FRANCISCO UNIVERSITY HIGH SCHOOL, MARIN ACADEMY, THE URBAN SCHOOL, THE BAY SCHOOL OF SAN FRANCISCO, THE ATHENIAN SCHOOL, TOWN SCHOOL, THE HAMLIN SCHOOL, AND A HOST OF OTHERS. DECORATOR SHOWCASE 1139934 247562 892372 98458 121110 262953 1139934 247562 892372 98458 121110 262953 482521 409851 1 FINANCIAL AID 81 2297363 PART I, LINE 2: FINANCIAL AID GRANTS ARE MADE ON AN ANNUAL BASIS AND ARE FOR THE THEN SPECIFIED SCHOOL YEAR ONLY. THE GRANT TAKES THE FORM OF A DISCOUNT TO THE TUITION THEN IN EFFECT, WITH THE ONLY OBLIGATION BEING THAT THE STUDENT MAINTAINS GOOD ACADEMIC STANDING. ACADEMIC ASSESSMENTS ARE COMPLETELY INDEPENDENT OF THE FINANCIAL AID PROCESS. IF THE STUDENT MAINTAINS THEIR ACADEMIC STANDING AND CONTINUES TO BE ENROLLED IN THE SCHOOL, THE GRANT REMAINS IN EFFECT. IF THE STUDENT WITHDRAWS FORM THE SCHOOL FOR ANY REASON, THE GRANT IS DISCONTINUED. THE SCHOOL USES A COMMON FINANCIAL AID APPLICATION SUPPLIED BY THE SCHOOL AND STUDENT SERVICE FOR FINANCIAL AID (SSS), A UNIT OF THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS. THE APPLICATION IS SUPPLEMENTED BY COPIES OF FEDERAL INCOME TAX RETURNS AND OTHER SUPPORTING DOCUMENTATION BY THE APPLYING FAMILIES. SSS ALSO PROVIDES A FINANCIAL REVIEW OF THE APPLICATION, ASSURING THAT APPLICATIONS ARE ANALYZED IN A UNIFORM AND CONSISTENT MANNER. ALL GRANTS ARE BASED STRICTLY ON NEED. A FINANCIAL AID COMMITTEE COMPOSED OF PERSONNEL FROM THE SCHOOL'S BUSINESS AND ADMISSIONS OFFICES REVIEWS EACH APPLICATION AND DETERMINES WHETHER A GRANT WILL BE OFFERED AND THE AMOUNT OF EACH GRANT. X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 JULIA EELLS HEAD OF SCHOOL 392169 0 0 0 0 0 20800 0 13130 0 426099 0 0 0 JAMES CHESTNUT CHIEF FINANCIAL OFFICER 240594 0 0 0 0 0 19355 0 11604 0 271553 0 0 0 NASIF ISKANDER ASST. HEAD OF SCHOOL 146998 0 0 0 0 0 12525 0 21929 0 181452 0 0 0 SHAUNDRA BASON DIR. OF DEVELOPMENT 172352 0 0 0 0 0 13941 0 10387 0 196680 0 0 0 ALBERT BOYLE IT DIRECTOR 155019 0 0 0 0 0 13364 0 16408 0 184791 0 0 0 INA CLARK IT DEVELOPMENT MANAGER 146884 0 0 0 0 0 11976 0 11478 0 170338 0 0 0 JON REIDER DIR. OF COLLEGE COUSELING 144277 0 0 0 0 0 11614 0 9643 0 165534 0 0 0 PART I, LINE 1A AS A CONDITION OF EMPLOYMENT, THE SCHOOL REQUIRES THE HEAD OF SCHOOL TO LIVE IN CAMPUS HOUSING TO ALLOW RAPID RESPONSE TO EMERGENCIES, FACILITATE ATTENDANCE AT FREQUENT AFTER HOURS EVENTS AND PROGRAMS, HOST EVENING PARENT RECEPTIONS, FUNDRAISING EVENTS AND PROFESSIONAL MEETINGS/GATHERINGS, AND OTHERWISE PROVIDE FOR THE CONVENIENT AND EFFICIENT PERFORMANCE OF THE RESPONSIBILITIES OF THE POSITION. PART I, LINE 4 JULIA EELLS, HEAD OF SCHOOL, PARTICIPATED IN A 457(B) PLAN WITH A 2014 CALENDAR YEAR CONTRIBUTION OF $17,500. JAMES CHESTNUT, CHIEF FINANCIAL OFFICER, PARTICIPATED IN A 457(B) PLAN WITH A 2014 CALENDAR YEAR CONTRIBUTION OF $17,500. THESE CONTRIBUTIONS ARE FROM BASE SALARY AND WERE NOT FUNDED BY THE SCHOOL. A ABAG FINANCE AUTHORITY FOR NONPROFIT CORPORATIONS 943130123 00037CGQ7 2005-07-21 8315000 SERIES A - REFINANCE, ACQUISITION AND CONSTRUCTION OF REAL PROPERTY 0 0 0 B ABAG FINANCE AUTHORITY FOR NONPROFIT CORPORATIONS 943130123 00037CHZ6 2006-05-11 7170000 SERIES B - RENOVATIONS VARIOUS SCHOOL FACILITIES 0 0 0 A 5965000 8315000 166300 97337 8051363 2006 0 0 1 1 B 1075000 7170000 165426 7004574 2007 0 0 1 1 A 0 0 1 0 0 0.02000 0.02000 0 0 0 B 0 0 1 0 0 0.01930 0.01930 0 0 0 A 0 0 1 0 1 0 0 0 0 B 0 0 1 0 1 1 ALLIED IRISH BANK 20.000000000000 0 0 0 0 0 A 0 B 0 X 6 60159 FMV 0 1 1 PART I, LINE 32B: STOCK GIFTS ARE TRANSFERRED TO A SCHOOL ACCOUNT AT DEUTSCHE BANK WHERE THERE ARE STANDING INSTRUCTIONS TO SELL AT THE MARKET UPON RECEIPT. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 AND THE RELATED CALIFORNIA FORM 199 ARE REVIEWED BY THE SCHOOL'S CHIEF FINANCIAL OFFICER AND ARE THEN PRESENTED FOR REVIEW TO THE MEMBERS OF THE BOARD AUDIT COMMITTEE. UPON ACCEPTANCE BY THE AUDIT COMMITTEE, THE CHIEF FINANCIAL OFFICER SIGNS AND SUBMITS THE TAX FORMS. THE FULL BOARD IS ADVISED OF THE ACTIONS OF THE AUDIT COMMITTEE AT THE NEXT BOARD MEETING, AND THE RETURNS ARE MADE AVAILABLE TO ANY TRUSTEE THAT WISHES TO EXAMINE THEM. FORM 990, PART VI, SECTION B, LINE 12C THE SCHOOL'S CONFLICT OF INTEREST POLICY COVERS ALL TRUSTEES, OFFICERS, EMPLOYEES AND VOLUNTEERS. THE POLICY IS DESIGNED TO IDENTIFY AND ADDRESS ALL SITUATIONS IN WHICH A COVERED PERSON HAS A DIRECT OR INDIRECT FINANCIAL INTEREST IN THE OUTCOME OF A TRANSACTION OR ARRANGEMENT WITH THE SCHOOL. COVERED PERSONS ARE EXPECTED TO VOLUNTARILY REPORT POTENTIAL CONFLICTS OF INTEREST TO THE CHAIR OF THE BOARD OR THE EXECUTIVE COMMITTEE OF THE BOARD. OTHER PARTIES MAY ALSO REPORT POTENTIAL CONFLICTS OF INTEREST TO THE BOARD CHAIR OR EXECUTIVE COMMITTEE. THE FULL BOARD OF TRUSTEES IS THE FINAL ARBITOR OF WHETHER A CONFLICT OF INTEREST EXISTS. IF THE BOARD DETERMINES THAT A CONFLICT EXISTS, IT SHALL REQUIRE THAT THE PERSON INVOLVED RECUSE THEMSELVES FROM ALL DISCUSSION AND VOTE ON THE TRANSACTION OR ARRANGEMENT INVOLVED. THE BOARD, UPON MAJORITY VOTE, MAY PROCEED WITH THE TRANSACTION OR ARRANGEMENT IF, AFTER ADDITIONAL DUE DILIGENCE, IT IS DETERMINED THAT THE TRANSACTION OR ARRANGEMENT IS IN THE BEST INTERESTS OF THE SCHOOL. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE HEAD OF SCHOOL (I.E., CHIEF EXECUTIVE OFFICER) AND THE CHIEF FINANCIAL OFFICER ARE DETERMINED BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. THE COMPENSATION COMMITTEE WILL INDEPENDENTLY RESEARCH RELEVANT COMPENSATION DATABASES TO DETERMINE COMPENSATION LEVELS AND TRENDS FOR SIMILAR POSITIONS IN LIKE OR RELATED FIELDS. ALTERNATIVELY, AND SOMETIMES IN CONJUNCTION WITH THE INDEPENDENT RESEARCH DESCRIBED, THE COMMITTEE WILL ENGAGE THE SERVICES OF AN INDEPENDENT COMPENSATION CONSULTANT TO REVIEW THE DUTIES OF THE POSITIONS, DEVELOP AND ANALYZE COMPENSATION DATA FROM SIMILAR ORGANIZATIONS, AND MAKE RECOMMENDATIONS TO THE COMMITTEE. THE COMMITTEE THEN DETERMINES THE COMPENSATION OF THE INCUMBENTS IN THESE TWO POSITIONS FOR THE FOLLOWING FISCAL YEAR. THIS PROCESS WAS LAST COMPLETED IN MAY 2013. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS (ARTICLES OF INCORPORATION AND BY-LAWS, ETC.), POLICIES, FINANCIAL STATEMENTS, AND TAX FILINGS ARE AVAILABLE UPON REQUEST FROM THE SCHOOL'S BUSINESS OFFICE. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990, SCHEDULE K, PART IV, LINE 2C, COLUMN B THE ORGANIZATION HAS IDENTIFIED A HEDGE WITH RESPECT TO THE BOND ISSUE ON ITS BOOKS AND RECORDS. THE TERM OF THE HEDGE IS 10 YEARS FOR 50% OF THE BOND AND 20 YEARS FOR THE REMAINING 50%. 3150 CALIFORNIA STREET LLC 3065 JACKSON STREET SAN FRANCISCO CA 94115 237313754 HOLDS REAL ESTATE CA 479976 6381769