2013-05-14T11:34:23-05:00 2012-06-30 941254756 HOOD & STRONG LLP 100 FIRST STREET 14TH FLOOR SAN FRANCISCO CA 94105 990 2011-07-01 941633387 NUEVA SCHOOL NUEV 6503482272 6565 SKYLINE BLVD HILLSBOROUGH CA 94010 DIANE ROSENBERG 6503482272 2013-05-10 1 MARK S HANCOCK P00857085 4157810793 2011 2016-02-24 21:20:13Z DIANE ROSENBERG 6565 SKYLINE BLVD HILLSBOROUGH CA 94010 32152539 0 X WWW.NUEVASCHOOL.ORG X 1966 CA INDEPENDENT SCHOOL OPERATING FOR EDUCATIONAL PURPOSES - STUDENTS GRADES PRE-K-8. 27 27 193 250 0 0 3338225 15819122 13619307 15005071 312025 368700 -459451 -507981 16810106 30684912 1062022 1071310 0 0 8485329 9098951 0 0 631311 6771818 7410193 16319169 17580454 490937 13104458 55900309 69697563 16371345 17554476 39528964 52143087 OUR SCHOOL COMMUNITY INSPIRES PASSION FOR LIFELONG LEARNING, FOSTERS SOCIAL AND EMOTIONAL ACUITY AND DEVELOPS THE CHILD'S IMAGINATIVE MIND. 0 0 11442305 1071310 15005071 THE NUEVA SCHOOL IS A NATIONALLY RECOGNIZED CHILD-CENTERED INDEPENDENT SCHOOL SERVING HIGH ABILITY STUDENTS IN PRE-KINDERGARTEN THROUGH EIGHTH GRADE, EMPHASIZING INTEGRATED STUDIES, CREATIVE ARTS, AND SOCIAL-EMOTIONAL LEARNING. NUEVA OFFERS A CONSTRUCTIVIST PROGRAM, PROJECT-BASED LEARNING, AND SPECIALISTS IN THE ARTS, READING, MATH, SCIENCE, MUSIC, PHYSICAL EDUCATION, SOCIAL-EMOTIONAL LEARNING, LANGUAGES, AND DESIGN THINKING. 11442305 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 113 0 193 1 0 0 0 0 0 1 1 0 0 0 0 X 27 27 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X DIANE ROSENBERG 6503504600 6565 SKYLINE BLVD HILLSBOROUGH CA 94010 DENNIS WONG 1.00 X X 0 0 0 BRUCE COZADD 1.00 X X 0 0 0 BONNIE FOUGHT 1.00 X X 0 0 0 KAREN PACE 1.00 X X 0 0 0 KAT ALFOND 1.00 X 0 0 0 SUSAN BARNES 1.00 X 0 0 0 DERRICK BOLTON 1.00 X 0 0 0 SAM BRONFMAN 1.00 X 0 0 0 JOY COVEY 1.00 X 0 0 0 ELDRIDGE GRAY 1.00 X 0 0 0 VERNON GRIGG III 1.00 X 0 0 0 ZACK HERLICK 1.00 X 0 0 0 JAMES ISAACS 1.00 X 0 0 0 KARLA JURVETSON 1.00 X 0 0 0 NEERU KHOSLA 1.00 X 0 0 0 JOE KRAUS 1.00 X 0 0 0 SUSANNA LOEB 1.00 X 0 0 0 FARZAD NAZEM 1.00 X 0 0 0 KAROLY NIKOLICH 1.00 X 0 0 0 GEORGE PAVLOV 1.00 X 0 0 0 CLAIRE PERRY 1.00 X 0 0 0 LIBBY RAAB 1.00 X 0 0 0 RUSS SIEGELMAN 1.00 X 0 0 0 KR SRIDHAR 1.00 X 0 0 0 JIM THOMPSON 1.00 X 0 0 0 STEVE VASSALLO 1.00 X 0 0 0 GRACE VOORHIS 1.00 X 0 0 0 MARA WALLACE 1.00 X 0 0 0 DIANE ROSENBERG 40.00 X 301416 0 130793 TERRY LEE 40.00 X 244686 0 34294 MUNEERAH MERCHANT 40.00 X 133150 0 3980 SHIRLEY DOXTAD 32.00 X 116909 0 13991 CORY COMBS 40.00 X 114753 0 7208 MATT BERMAN 40.00 X 114659 0 13921 TARYN CLARK 40.00 X 103920 0 10238 1129493 0 214425 7 0 1 0 SODEXO DEPT 43283 LOS ANGELES CA 900883283 BUILDING MAINTENANCE 631747 LEDDY MAYTUM STACY ARCHITECTS 677 HARRISON STREET SAN FRANCISCO CA 94107 ARCHITECTURAL PROFESSIONAL SERVICES 543200 DARIOUSH INC 6114 LA SALLE AVE 575 OAKLAND CA 94611 CAFETERIA LUNCH & CATERING 325710 CYO TRANSPORTATION 699 SERRAMONTE BLVD SUITE 210 DALY CITY CA 94015 BUS TRANSPORTATION 291193 TRINET 1100 SAN LEANDRO BLVD STE 400 SAN LEANDRO CA 94577 PAYROLL/HR RESOURCES OUTSOURCING 130063 5 2542472 13276650 1321780 15819122 TUITION AND FEES 611699 12388726 12388726 OTHER PROGRAM SERVICE 611710 2616345 2616345 15005071 309010 309010 1019336 959646 59690 59690 59690 0 2542472 507981 -507981 -507981 30684912 15005071 0 -139281 1071310 1071310 695277 695277 6833693 5430226 991250 412217 1569981 1172977 312970 84034 15823 15823 33650 33650 11324 11324 2034125 1053114 979091 1920 48001 26329 14690 6982 52472 16422 21803 14247 605483 605483 275592 275592 14648 14648 104300 72068 32232 93336 93336 1358283 1358283 101098 101098 CURRICULAR TRIP EXPENSE 541572 541572 INSTRUCTIONAL EXPENSE 315772 315772 STUDENT TRANSPORTATION 264096 264096 CAPITAL CAMPAIGN 240439 94486 68747 77206 1300179 778450 487024 34705 17580454 11442305 5506838 631311 1309812 255774 7766226 10913630 218701 10576668 3157942 3164358 350312 264781 44780690 9481205 33976355 35299485 8029758 7795930 893280 1060170 197923 366767 55900309 69697563 1218904 1692502 12172441 13211974 2980000 1200000 1450000 16371345 17554476 X 29142086 29385274 2458896 14485147 7927982 8272666 39528964 52143087 55900309 69697563 X 13104458 -490335 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8930736 344684 -138642 459489 8677289 7330538 426504 1541629 367935 8930736 6361538 562542 665118 258660 7330538 5841916 1146832 -451349 175861 6361538 0.95340 0.04660 0 0 5352967 5352967 35415336 7184877 28230459 2887406 2296328 591078 1124981 1124981 35299485 30684912 17580454 13104458 -490335 -490335 12614123 29134454 -490335 -490335 29624789 1060123 1060123 30684912 16520331 11187 11187 16509144 1071310 1071310 17580454 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE SCHOOL'S ENDOWMENT IS INVESTED IN MONEY MARKET FUNDS, MUTUAL FUNDS AND EXCHANGE TRADED FUNDS TO GENERATE GENERAL OPERATING SUPPORT TO THE ORGANIZATION. ITS ENDOWMENT INCLUDES DONOR-RESTRICTED ENDOWMENT FUNDS. NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. THE SCHOOL IS REINVESTING ALL INTEREST AND GAIN ASSOCIATED WITH ITS ENDOWMENTS. ACCORDINGLY, OVER THE LONG TERM, THE SCHOOL EXPECTS THE CURRENT SPENDING POLICY TO ALLOW ITS ENDOWMENT TO GROW AT A REASONABLE PREMIUM OVER INFLATION ANNUALLY. THIS IS CONSISTENT WITH THE ORGANIZATION'S OBJECTIVE TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS HELD IN PERPETUITY OR FOR A SPECIFIED TERM AS WELL AS TO PROVIDE ADDITIONAL REAL GROWTH THROUGH NEW GIFTS AND INVESTMENT RETURN. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE SCHOOL IS A TAX EXEMPT ORGANIZATION UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND THE CALIFORNIA TAX CODE. THE SCHOOL FOLLOWS THE GUIDANCE OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) TOPIC 740 FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT EVALUATED THE SCHOOL'S TAX POSITIONS AND CONCLUDED THAT THE SCHOOL HAD MAINTAINED ITS TAX EXEMPT STATUS AND HAD NOT TAKEN UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. WITH FEW EXCEPTIONS, THE SCHOOL IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY FEDERAL OR STATE AUTHORITIES FOR YEARS BEFORE 2008 AND 2007, RESPECTIVELY. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AWARDS 1,071,310. SPECIAL EVENTS EXPENSE -11,187. PART XIII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSE 11,187. PART XIII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AWARDS 1,071,310. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 THROUGH A JOINT NEWSPAPER AD WITH OTHER LOCAL ISBOA MEMBER INDEPENDENT SCHOOLS. EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES EDUCATIONAL CLASS TRIPS 97383 EUROPE 0 0 PROGRAM SERVICES EDUCATIONAL CLASS TRIPS 78000 0 0 0 0 0 0 175383 0 175383 0 0 0 0 0 0 THE NUEVA BENEFIT AUCTION 1245217 1245217 124478 55464 316852 NUEVA FUND 1297255 1297255 11187 2542472 2542472 124478 55464 328039 507981 -507981 1 SCHOLARSHIPS 71 1071310 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE NUEVA SCHOOL'S FINANCIAL AWARD GRANTS ARE BASED SOLELY ON FINANCIAL NEED. EIGHTEEN PERCENT OF OUR STUDENTS RECEIVED AN AWARD. WE STRUCTURE OUR AWARDS BY FIRST SERVING THOSE FAMILIES CURRENTLY RECEIVING AID, THEN WE ADDRESS ANY REQUESTS MADE BY ENROLLED FAMILIES WHO HAVE HAD A CHANGE IN THEIR FINANCIAL STATUS. NEXT, WE ADDRESS THE NEEDS OF APPLICANTS. X 1 0 X X X X 0 1 0 0 0 0 0 0 0 DIANE ROSENBERG 301416 0 0 0 0 0 92250 0 38543 0 432209 0 0 0 TERRY LEE 244686 0 0 0 0 0 25909 0 8385 0 278980 0 0 0 PART I, LINE 1A DIANE ROSENBERG IS REQUIRED TO LIVE IN A SCHOOL-OWNED HOUSE AS A CONDITION OF EMPLOYMENT AND FOR CONVENIENCE OF THE SCHOOL. THE ANNUAL FAIR MARKET VALUE IS APPROXIMATELY $30,000. PART I, LINE 4B DIANE ROSENBERG RECEIVED IRC SECTION 457(F) DEFERRED COMPENSATION OF $80,000. TERRY LEE RECEIVED $20,000 OF IRC SECTION 457(F) DEFERRED COMPENSATION. SUPPLEMENTAL INFORMATION PART III IRC SECTION 457(F) DEFERRED COMPENSATION AS REPORTED IN PART II, COLUMN C IS UNEARNED AND SUBJECT TO RISK OF FORFEITURE UNTIL FULLY EARNED. X 12 987767 FAIR MARKET VALUE X 1 211995 FAIR MARKET VALUE X AUCTION ITEMS 26 106922 FAIR MARKET VALUE X MICROPHONES 1 5687 FAIR MARKET VALUE X TICKETS 3 1033 FAIR MARKET VALUE X PARENT SOCIAL DINNER 1 2692 FAIR MARKET VALUE X PLAY-WELL TEKNOLOGIES WORKSHOP 1 150 FAIR MARKET VALUE X CONCIERGE CAMPING FOOD PREPARATION 1 1047 FAIR MARKET VALUE X GARDEN BOXES 1 1319 FAIR MARKET VALUE X POKER PARTY SUPPLIES 1 2519 FAIR MARKET VALUE X PRINTER 1 649 FAIR MARKET VALUE 0 1 0 METHOD FOR DETERMINING NUMBER OF CONTRIBUTORS: PART I, COLUMN (B): THE NUMBER REFLECTS THE NUMBER OF CONTRIBUTIONS RECEIVED AND NOT THE NUMBER OF ITEMS CONTRIBUTED. FORM 990, PART VI, SECTION B, LINE 11 THE TAXPAYER'S ACCOUNTING FIRM FORWARDED THE FORM 990 TO THE FINANCE DIRECTOR. THE FINANCE DIRECTOR FORWARDED THE FORM 990 TO THE CFO/EXECUTIVE DIRECTOR. THE CFO FORWARDED THE FORM 990 TO THE TREASURER WHO THEN FORWARDED TO BOARD MEMBERS FOR THEIR REVIEW PRIOR TO FILING THE FORM 990. BOARD MEMBERS WERE ENCOURAGED TO REVIEW THE FORM 990 AND TO FORWARD THEIR QUESTIONS TO THE CFO/TREASURER/FINANCE DIRECTOR. EITHER THE CFO/TREASURER/FINANCE DIRECTOR OR THE ACCOUNTING FIRM ADDRESSED THE QUESTIONS FROM THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C THE NUEVA SCHOOL CONFLICT OF INTEREST POLICY COVERS ITS TRUSTEES, EXECUTIVE DIRECTOR, OFFICERS AND ALL EMPLOYEES OF THE NUEVA SCHOOL. IT REQUIRES INDIVIDUALS TO DISCLOSE TO THE PRESIDENT OF THE BOARD OF TRUSTEES AND THE EXECUTIVE DIRECTOR EXISTENCE OF ANY FINANCIAL OR COMPETITIVE INTEREST THAT MAY GIVE RISE TO A CONFLICT OF INTEREST. ADDITIONALLY, THE EXECUTIVE DIRECTOR AND THE ASSOCIATE HEAD OF SCHOOL WILL MONITOR PROPOSED OR ONGOING TRANSACTIONS FOR POTENTIAL CONFLICT OF INTEREST AND DISCLOSE THEM TO THE PRESIDENT OF THE BOARD OF TRUSTEES. A PERSON WHO REPORTS OR IS DISCLOSED AS HAVING A CONFLICT OF INTEREST MAY BE REQUIRED TO BE DISQUALIFIED FROM PARTICIPATING IN RELATED DISCUSSION OR DECISION. THIS POLICY IS DISCUSSED EACH YEAR AT A BOARD OF TRUSTEES MEETING, WHERE INDIVIDUALS WITH POTENTIAL CONFLICTS ARE ENCOURAGED TO DISCLOSE ANY POTENTIAL CONFLICTS TO THE EXECUTIVE DIRECTOR AND THE PRESIDENT OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 15 BOARD COMPENSATION COMMITTEE ENGAGED AN INDEPENDENT COMPENSATION CONSULTANT TO OBTAIN BENCHMARK DATA, AND ASSESS THE APPROPRIATE LEVEL OF COMPENSATION FOR EXECUTIVE DIRECTOR. THE SCHOOL ALSO PREPARED BENCHMARK DATA AVAILABLE FROM ISBOA AND NAIS SURVEYS FOR COMPENSATION COMMITTEE REVIEW. FORM 990, PART VI, SECTION C, LINE 19 AUDITED FINANCIALS, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -490,335.