2016-02-11T11:28:15-06:00 2015-06-30 942513310 LAUTZE & LAUTZE 303 SECOND STREET SUITE 950N SAN FRANCISCO CA 94107 990 2014-07-01 943250488 SEA CREST SCHOOL INC SEAC 6507129892 901 ARNOLD WAY HALF MOON BAY CA 94019 DR TEKAKWITHA PERNAMBUCO-WISE HEAD OF SCHOOL 6507129892 2016-02-08 1 ROGER BULOSAN P00221282 4155436900 2014 2016-08-17 19:52:53Z DR TEKAKWITHA PERNAMBUCO 901 ARNOLD WAY HALF MOON BAY CA 94019 5617995 0 X WWW.SEACRESTSCHOOL.ORG X 1996 CA SEA CREST SCHOOL IS DEDICATED TO PROVIDING THE BEST IN INNOVATIVE EDUCATION (CONTINUES SCH O) (CONTINUES FROM PAGE 1) TO INSPIRE AND EMPOWER OUR LEARNERS TO ENGAGE CURIOSITY, EXPRESS CREATIVITY, ACT WITH COMPASSION AND LEAD WITH COURAGE. 15 15 74 250 0 0 514660 522721 4625329 4959195 9830 1834 32485 44700 5182304 5528450 601150 609170 0 0 2924044 3114842 0 0 25278 1257568 1167195 4782762 4891207 399542 637243 9950619 10566387 7137211 7115445 2813408 3450942 SEA CREST SCHOOL IS DEDICATED TO PROVIDING THE BEST IN INNOVATIVE EDUCATION TO INSPIRE AND EMPOWER OUR LEARNERS TO ENGAGE CURIOSITY, EXPRESS CREATIVITY, ACT WITH COMPASSION AND LEAD WITH COURAGE. 0 0 3596395 609170 4727107 SEA CREST SCHOOL IS DEDICATED TO PROVIDING THE BEST IN INNOVATIVE EDUCATION TO INSPIRE AND EMPOWER OUR LEARNERS TO ENGAGE CURIOSITY, EXPRESS CREATIVITY, ACT WITH COMPASSION AND LEAD WITH COURAGE. 128906 232088 AUXILIARY SERVICES PROVIDE EXTENDED DAY PROGRAMS FOR ATHLETICS, ART, MUSIC, SCIENCE, INNOVATION AND OTHER ENRICHMENT PROGRAMS, SUPERVISED BY EXTENDED DAY PROGRAM, COACHES AND SUMMER ENRICHMENT PROGRAMS. 3725301 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 1 1 0 0 0 0 0 0 0 0 1 18 0 1 74 1 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X KELLY SPAETH DIRECTOR OF FINANCE AND OPERATIONS 6507129892 901 ARNOLD WAY HALF MOON BAY CA 94019 AMY RAMSEY CHAIR 1.00 X X 0 0 0 KEITH FUKUI CHIEF FINANCIAL OFFICER 1.00 X X 0 0 0 TANYA GULESSERIAN SECRETARY 1.00 X X 0 0 0 JIM BARTEL TRUSTEE 1.00 X 0 0 0 ERICA COURTNEY TRUSTEE 1.00 X 0 0 0 JACQUIE CUVELIER TRUSTEE 1.00 X 0 0 0 GREG JOSWIAK TRUSTEE 1.00 X 0 0 0 RICK KOWALCZYK TRUSTEE 1.00 X 0 0 0 LAURA LEBER KAMMEYER TRUSTEE 1.00 X 0 0 0 JOHN LOESER TRUSTEE 1.00 X 0 0 0 TOM MCGUIRK TRUSTEE 1.00 X 0 0 0 MIKE POLACEK TRUSTEE 1.00 X 0 0 0 RYAN POPPLE TRUSTEE 1.00 X 0 0 0 WILL URBAN TRUSTEE 1.00 X 0 0 0 JULIE WALTERS TRUSTEE 1.00 X 0 0 0 LYNN MARRS EX-OFFICIO, PARENT ASSOCIATION PRESIDENT 1.00 X 0 0 0 TEKAKWITHA PERNAMBUCO-WISE EX-OFFICIO, HEAD OF SCHOOL 55.00 X X 210095 0 30455 KELLY SPAETH DIRECTOR OF FINANCE & OPERATIONS 55.00 X 107318 0 9496 MICHELLE GIACOTTO DIRECTOR OF TEACHING AND LEARNING 55.00 X 101607 0 7096 MICHAEL THOMPSON DIRECTOR OF ADMISSION AND DEVELOPMENT 55.00 X 102459 0 13327 521479 0 60374 4 0 1 0 0 143334 379387 31870 522721 TUITION 611600 4727107 4727107 AUXILIARY SERVICES 611600 232088 232088 4959195 1834 1834 30960 0 30960 30960 30960 89545 143334 89545 0 MISC. INCOME 611600 13740 13740 13740 5528450 4972935 0 32794 609170 609170 403720 201860 201860 2225585 1847233 378352 129777 103182 26595 160121 145240 14881 195639 127165 68474 20938 20938 29300 29300 3798 3798 11730 11730 52392 18468 33924 19718 19718 78488 78488 15906 2771 13135 23178 7286 15892 127132 101706 25426 337496 269997 67499 73235 36472 36763 CURRICULUM, CLASSROOM S 138136 138136 MAINTENANCE, EQUIPMENT 106215 15132 91083 PROFESSIONAL DEVELOPMEN 30872 30872 98661 47095 26288 25278 4891207 3725301 1140628 25278 39206 88970 3767938 4651581 150365 21117 124722 88294 106986 89125 8058417 2610213 5563698 5448204 31438 32423 166266 146673 9950619 10566387 240762 282673 2289407 2330056 4607042 4502716 7137211 7115445 X 2540335 3284158 259758 153469 13315 13315 2813408 3450942 9950619 10566387 637243 291 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 31438 985 32423 26479 4959 31438 23505 2974 26479 23314 191 23505 3000 17000 3314 23314 0.38000 0.41000 0.21000 0 0 870118 870118 6611004 2255702 4355302 522775 354511 168264 54520 54520 5448204 X 5009116 291 89545 89836 4919280 609170 609170 5528450 4371582 89545 89545 4282037 609170 609170 4891207 PART V, LINE 4: THE SCHOOL'S ENDOWMENT CONSISTS OF ONE INDIVIDUAL FUND ESTABLISHED FOR THE LONG TERM FINANCIAL BENEFIT OF THE SCHOOL AND ITS EDUCATIONAL GOALS AND OBJECTIVES BY PROVIDING ANNUAL SUPPORT FOR THE SCHOOL. PART X, LINE 2: THE SCHOOL IS A QUALIFIED ORGANIZATION EXEMPT FROM 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 RECOGNIZES A 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. 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: FUNDRAISING EXPENSES 89,545. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID TO INDIVIDUALS 609,170. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 89,545. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID TO INDIVIDUALS 609,170. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 SEA CREST PUBLICIZES ITS NON-DISCRIMINATION POLICY ANNUALLY IN THE HALF MOON BAY REVIEW AND THE SAN FRANCISCO CHRONICLE. LAST PUBLICATION DATE FOR BOTH PAPERS WAS MAY 20, 2015. AUCTION 131615 83863 47752 18502 13134 2495 13621 SCHOLARSHIP RUN 44478 41573 2905 27 2878 6 56786 17898 38888 1592 37296 232879 143334 89545 18502 14753 2495 53795 89545 0 1 FINANCIAL ASSISTANCE FOR TUITION 57 457270 FAIR VALUE OF TUITION TUITION ASSISTANCE TUITION REMISSION 22 151900 FAIR VALUE OF TUITION REMISSION TUITION REMISSION PART I, LINE 2: SEA CREST REQUIRES FINANCIAL DISCLOSURE AND PRIOR TAX RETURNS FROM APPLICANTS FOR ASSISTANCE. DECISIONS ARE BASED ON THE FAMILIES' CALCULATED ABILITY TO PAY (USING F.A.S.T. METHODOLOGY) AND THE POOL OF FUNDS AVAILABLE. RECORDS ARE MAINTAINED INDIVIDUALLY FOR EACH FAMILY. X X 1 1 X X X 0 0 0 1 0 0 0 0 0 TEKAKWITHA PERNAMBUCO-WISE EX-OFFICIO, HEAD OF SCHOOL 166595 0 16500 0 27000 0 11662 0 18793 0 240550 0 0 0 PART I, LINE 1A THE HEAD OF SCHOOL WAS PAID A STIPEND OF $24,000 PER YEAR AS A HOUSING ALLOWANCE AND USE OF PERSONAL RESIDENCE FOR SCHOOL FUNCTIONS, WHICH WAS PAID THROUGH PAYROLL. THE HEAD OF SCHOOL WAS ALSO PAID $3,000 FOR BUSINESS EXPENSE REIMBURSEMENT, WHICH WAS PAID THROUGH PAYROLL. PART I, LINE 5 AS PER THE HEAD OF SCHOOL'S (HOS) EMPLOYMENT AGREEMENT, HOS IS ELIGIBLE FOR A BONUS BASED UPON FINANCIAL POSITION OF THE SCHOOL AND THE ACHIEVEMENT OF MUTUALLY AGREED UPON PERFORMANCE GOALS, ESTABLISHED AT THE BEGINNING OF EACH YEAR. A CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY 680164610 NONEAVAIL 2013-07-01 4653000 REFINANCE 2008 TAX-EXEMPT BONDS, AND IMPROVEMENTS OF THE SCHOOL 0 0 0 A 150284 4653000 92155 240516 4320329 2013 1 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 0 1 0 0 0 1 A 1 JIM BARTEL BOARD MEMBER AND MINOR PARTNER OF THE SCHOOL'S WEBSITE DESIGNER 12860 THE SCHOOL HIRED AN ORGANIZATION FOR WEBSITE DESIGN. 0 X 2 25731 FMV X FOOD & BEVERAGES 1 6139 FMV 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 FILING WAS REVIEWED BY THE FINANCE COMMITTEE BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES ARE REQUIRED TO SIGN A "CONFLICT OF INTEREST" STATEMENT EACH YEAR AND DISCLOSE ANY POSSIBLE ACTIVITIES WHICH MAY CREATE A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 WHEN THE SCHOOL HIRES ITS TOP MANAGEMENT OFFICIAL, IT HIRES A SEARCH FIRM AND DOES SALARY BENCHMARKING AT THAT TIME. SALARY INCREASES ARE IN LINE WITH INDUSTRY STANDARDS. ADDITIONALLY, THE EXECUTIVE COMMITTEE HAS OVERSIGHT AND APPROVAL OF THE SALARY. FORM 990, PART VI, SECTION C, LINE 19 COPIES ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 2 (C) THE FINANCE COMMITTEE OF THE BOARD OVERSEES THE AUDIT OF ITS FINANCIAL STATEMENTS. THERE IS NO CHANGE OF THE PROCESS FROM PRIOR YEARS.