2016-02-03T20:27:49-06:00 2015-06-30 946214841 ARMANINO LLP 12657 ALCOSTA BOULEVARD SUITE 500 SAN RAMON CA 945834600 990 2014-07-01 943204136 MENLO COLLEGE MENL 6505433927 1000 EL CAMINO REAL ATHERTON CA 94027 STEVEN WEINER EXECUTIVE VP, FINANCE & ADMIN 6505433927 2016-02-02 1 JOHN PANETTA P00365375 9257902600 2014 2016-04-25 22:37:26Z STEVEN WEINER 1000 EL CAMINO REAL ATHERTON CA 94027 39699057 0 X WWW.MENLO.EDU X 1994 CA TO DEVELOP FUTURE LEADERS THROUGH A LIBERAL ARTS-BASED BUSINESS EDUCATION THAT INTEGRATES ACADEMIC STUDY AND FIELDWORK IN A SILICON VALLEY ENVIRONMENT UNMATCHED IN ITS POTENTIAL FOR INNOVATION. 12 12 418 24 0 0 1304068 1152973 32066317 34752581 1563179 1014001 426532 552486 35360096 37472041 11804384 12997678 0 0 12460188 13441415 21600 19800 79700 11801452 12507333 36087624 38966226 -727528 -1494185 69974241 66559832 13795105 12668006 56179136 53891826 X MENLO COLLEGE WAS FOUNDED IN 1927 AS A COMPONENT OF MENLO SCHOOL AND COLLEGE. ON JULY 1, 1994, THE COLLEGE COMMENCED OPERATIONS AS A SEPARATE, NON-PROFIT, COEDUCATIONAL INSTITUTION OF HIGHER EDUCATION. THE SEPARATION BETWEEN MENLO SCHOOL AND MENLO COLLEGE WAS FINALIZED IN 2008. TODAY MENLO OPERATES AS A SMALL, INNOVATIVE, PRIVATE RESIDENTIAL COLLEGE RECOGNIZED BY U.S. NEWS & WORLD REPORT AND THE PRINCETON REVIEW FOR THE EXCELLENCE OF ITS PROGRAMS. 0 0 29096814 12997678 35113362 THE COLLEGE PROVIDES INSTRUCTION TO APPROXIMATELY 772 FULL-TIME STUDENTS IN A FOUR-YEAR UNDERGRADUATE MANAGEMENT PROGRAM. EXPENDITURES INCLUDE DORMITORY, DINING, STUDENT UNION, AND HEALTH SERVICES. 29096814 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 1 142 0 1 418 1 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X STEVEN WEINER EXECUTIVE VP FINANCE & ADMIN 6505433753 1000 EL CAMINO REAL ATHERTON CA 94027 T GEIR RAMLETH CHAIR 1.00 X 0 0 0 CHARLES J KEENAN III VICE CHAIR 1.00 X 0 0 0 DAVID IRMER SR TRUSTEE 1.00 X 0 0 0 HARRY W KELLOGG JR TRUSTEE 1.00 X 0 0 0 HOWARD DALLMAR TRUSTEE 1.00 X 0 0 0 JAMES T REA TRUSTEE 1.00 X 0 0 0 JIM DAVLIN TRUSTEE 1.00 X 0 0 0 MICAH KANE TRUSTEE 1.00 X 0 0 0 MIKE GULLARD TRUSTEE 1.00 X 0 0 0 RICK HUMPHREYS TRUSTEE 1.00 X 0 0 0 TOM MOREHOUSE TRUSTEE 1.00 X 0 0 0 TOM SCANNELL TRUSTEE 1.00 X 0 0 0 RICHARD A MORAN PRESIDENT 40.00 X 126975 0 9146 STEVEN WEINER EXECUTIVE VICE PRESIDENT FINANCE & ADMINISTRATION 40.00 X 240947 0 27057 JAMES WOOLEVER PROVOST 40.00 X 154576 0 19777 JOHN RING SENIOR DIRECTOR OF DEVELOPMENT 40.00 X 28706 0 2784 SOUMENDRA DE FACULTY 40.00 X 156931 0 21692 KENNETH LEONG FACULTY 40.00 X 149969 0 21515 DEBORAH MCCABE FACULTY 40.00 X 138403 0 20420 LESLIE SEKERKA ASSOCIATE PROFESSOR 40.00 X 133461 0 20301 JAMES KELLY FORMER PRESIDENT 40.00 X 379095 0 22182 WILLIAM HOPKINS FORMER SENIOR DIRECTOR DEVELOPMENT 40.00 X 125141 0 21170 1634204 0 186044 9 1 1 0 SODEXO INC & AFFILIATES 1000 EL CAMINO REAL ATHERTON CA 94027 FOOD SERVICES 2401496 KIS 4027 CLIPPER COURT FREMONT CA 94538 COMPUTER/SYSTEMS/NETWORK 543543 PRESTON PIPELINES INC 133 BOTHELO AVENUE MILPITAS CA 95035 WELL SYSTEM 224670 DEVCON CONSTRUCTION INC 690 GIBRALTAR DRIVE MILPITAS CA 95035 REMODEL 224659 GACHINA LANDSCAPE MANAGEMENT INC 1130 OBRIEN DRIVE MILPITAS CA 94025 LANDSCAPING/GROUNDS 173687 18 68893 1084080 7058 1152973 STUDENT TUITION 611600 28260451 28260451 AUXILIARY FEES 611600 6492130 6492130 34752581 653220 653220 2587797 2227016 360781 360781 360781 OTHER REVENUE 900099 552486 552486 552486 37472041 35113362 0 1205706 12997678 12997678 753246 152414 600832 157707 157707 9804362 7309540 2458023 36799 709453 488978 217163 3312 1296872 644162 648533 4177 719775 522270 194690 2815 150153 45046 105107 85074 85074 19800 19800 71337 71337 274063 96447 177616 367277 264882 102395 244360 65040 166523 12797 640494 294627 345867 823732 13948 809784 442428 403735 38693 125727 97150 28577 2238347 655528 1582819 624909 323375 301534 PROGRAM - DINING HALL 2053814 2053814 OPERATIONS AND MAINTENA 1809396 814228 995168 PROGRAM OTHER 1609863 1083448 526415 OTHER TR EXPENSES 856527 572851 283676 89832 39946 49886 38966226 29096814 9789712 79700 1414246 919858 2192539 2169341 25000 308176 8759817 7087301 134656 64979 148809 175644 45710031 15686951 30068264 30023080 26121592 24970976 764433 649031 344885 191446 69974241 66559832 981697 1259711 11949711 10477934 863697 930361 13795105 12668006 X 44435558 41672213 4348760 4688659 7394818 7530954 56179136 53891826 69974241 66559832 X -1494185 -748919 -44205 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10980132 104666 121762 250000 10956560 9371014 348767 1510351 250000 10980132 8784403 1825 850467 265681 9371014 7758993 1004587 412053 391230 8784403 6867260 11388 1672689 266385 525959 7758993 0.09740 0.68740 0.21530 0 0 11202500 11202500 15835979 4560240 11275739 11510341 7018567 4491774 2664650 1577220 1087430 4496561 2530924 1965637 30023080 ACCRUED SALARIES/PAYROLL TAXES 768245 ANNUITY RESERVES 135126 CAPITAL LEASE PAYABLE 26990 930361 X 23681388 -778903 149 -13011899 -13790653 37472041 0 37472041 25968698 149 149 25968549 12997678 12997678 38966227 PART V, LINE 4: ENDOWMENT ASSETS INCLUDE THOSE ASSETS OF DONOR-RESTRICTED FUNDS THAT THE COLLEGE MUST HOLD IN PERPETUITY OR FOR A DONOR-SPECIFIED PERIOD(S). AS WELL AS BOARD-DESIGNATED FUNDS, THE COLLEGE EXPECTS ITS ENDOWMENT FUNDS, OVER TIME, TO PROVIDE AN AVERAGE RATE OF RETURN OF APPROXIMATELY 5 PERCENT ANNUALLY. ACTUAL RETURNS IN ANY GIVEN YEAR MAY VARY FROM THIS AMOUNT. PART X, LINE 2: THE COLLEGE HAS EVALUATED ITS CURRENT TAX POSITIONS AND HAS CONCLUDED THAT AS OF JUNE 30, 2014 AND 2013, THE COLLEGE DOES NOT HAVE ANY SIGNIFICANT UNCERTAIN TAX POSITIONS FOR WHICH A RESERVE WOULD BE NECESSARY. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN MOU FUNDS VALUE -44,205. ACTUARIAL CHANGE IN ANNUITY OBLIGATIONS 29,984. SCHOLARSHIPS AND FINANCIAL AID -12,997,678. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND FINANCIAL AID 12,997,678. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 MENLO COLLEGE INCLUDES IN ALL REGISTRATION MATERIALS THE FOLLOWING STATEMENT REGARDING EQUAL OPPORTUNITY AND ACCESS TO ITS PROGRAMS. THE SAME STATEMENT IS PUBLISHED ON THE MENLO COLLEGE WEBSITE AS FOLLOWS: MENLO DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, NATIONAL ORIGIN, GENDER, SEXUAL ORIENTATION, DISABILITY, AGE, OR OTHER ATTRIBUTES PROTECTED BY LAW IN ANY OF ITS POLICIES, PROCEDURES, OR PRACTICES. THE NONDISCRIMINATION POLICY COVERS ADMISSION AND ACCESS TO, AND TREATMENT AND EMPLOYMENT IN, THE COLLEGE'S PROGRAMS AND ACTIVITIES. MENLO COLLEGE DRAWS 69% OF STUDENTS FROM CALIFORNIA, AND 56% OF STUDENTS ARE FROM MINORITY GROUPS. SCHEDULE E, PART I, LINE 6 STUDENTS ATTENDING THE COLLEGE RECEIVE SUPPORT IN THE FORM OF SCHOLARSHIPS AND FINANCIAL AID FROM STATE AND FEDERAL GOVERNMENTS. X X X 1 GARY BESS ASSOCIATES 6931 SKYWAY PARADISE CA 95969 GRANT WRITING 0 0 19800 -19800 19800 -19800 CA 1 INSTITUTIONAL SCHOLARSHIPS 787 FMV PART I, LINE 2: MENLO COLLEGE REQUIRES FINANCIAL AID APPLICANTS SUBMIT EVIDENCE OF ELIGIBILITY AND MAINTAINS ONGOING RECORDS OF ATTENDANCE AND SCHOLASTIC ACHIEVEMENTS BY ALL RECIPIENTS. X 1 1 X X 0 0 0 0 0 0 0 0 0 STEVEN WEINER EXECUTIVE VICE PRESIDENT FINANCE & A 240947 0 0 0 0 0 18938 0 8119 0 268004 0 0 0 JAMES WOOLEVER PROVOST 154576 0 0 0 0 0 11658 0 8119 0 174353 0 0 0 SOUMENDRA DE FACULTY 156931 0 0 0 0 0 12546 0 9146 0 178623 0 0 0 KENNETH LEONG FACULTY 149969 0 0 0 0 0 12369 0 9146 0 171484 0 0 0 DEBORAH MCCABE FACULTY 138403 0 0 0 0 0 11274 0 9146 0 158823 0 0 0 LESLIE SEKERKA ASSOCIATE PROFESSOR 133461 0 0 0 0 0 11155 0 9146 0 153762 0 0 0 JAMES KELLY FORMER PRESIDENT 379095 0 0 0 0 0 17868 0 4314 0 401277 0 0 0 WILLIAM HOPKINS FORMER SENIOR DIRECTOR DEVELOPMENT 125141 0 0 0 0 0 11303 0 9867 0 146311 0 0 0 PART I, LINE 1A CAMPUS HOUSING WAS PROVIDED TO THE PRESIDENT AS A CONDITION OF EMPLOYMENT. JOHN KLINGLER BROTHER-IN-LAW OF PRESIDENT (KELLY) 157707 FACULTY APPOINTMENT 0 FORM 990, PART VI, SECTION B, LINE 11 BEFORE FILING, THE FORM 990 IS REVIEWED BY THE BOARD OF TRUSTEES AUDIT & BUDGET COMMITTEE, AND IS THEN SHARED WITH THE FULL BOARD MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES ARE REQUIRED TO SIGN CONFLICT OF INTEREST FORMS ANNUALLY AT THE OCTOBER BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 15 COMPARABLE DATA WAS REVIEWED, AND COMPENSATION AND BENEFIT PAYMENTS WERE DETERMINED AND APPROVED BY THE BOARD AND/OR THE BOARD'S EXECUTIVE COMMITTEE, AND THE CEO. FORM 990, PART VI, SECTION C, LINE 19 UPON WRITTEN REQUEST, THE ORGANIZATION WILL PROVIDE COPIES OF FINANCIAL STATEMENTS AND FILED TAX RETURNS. THE ORGANIZATION RELIES ON GUIDESTAR TO PUBLISH THEIR TAX RETURN ON THE INTERNET. FORM 990, PART XI, LINE 9: CHANGE IN MOU FUNDS VALUE -44,205. FORM 990, PART XII, LINE 2C: NO CHANGE IN THE AUDIT COMMITTEE'S OVERSIGHT PROCESS. MENLO SCHOOL AND MENLO COLLEGE 1000 EL CAMINO REAL ATHERTON CA 94027 941156656 HOLDS TITLE TO BUILDINGS USED BY MENLO SCHOOL AND MENLO COLLEGE CA 501(C)(3) EXEMPT SELF 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 MENLO SCHOOL AND MENLO COLLEGE Q 133200 FMV MENLO SCHOOL AND MENLO COLLEGE P 1849 FMV