2012-05-03T17:21:57-05:00 2011-06-30 HOOD & STRONG LLP CPAS 100 FIRST STREET 14TH FLOOR SAN FRANCISCO CA 94105 990 2010-07-01 941622034 URBAN SCHOOL OF SAN FRANCISCO URBA 4156262919 1563 PAGE STREET SAN FRANCISCO CA 94117 SUSAN MUNN 4156262919 2012-05-03 1 TAMARA L BONGI 4157810793 2010 2016-02-24 21:20:13Z MARK SALKIND 1563 PAGE STREET SAN FRANCISCO CA 94117 14474710 0 X WWW.URBANSCHOOL.ORG X 1966 CA THE SCHOOL PROVIDES COLLEGE PREPARATORY SECONDARY EDUCATION IN GRADES 9 THROUGH 12. 27 27 181 275 0 0 1676418 1947808 11641739 11996613 155362 275581 39812 62737 13513331 14282739 1983773 2128450 0 0 7052013 7343206 24717 21211 548768 3899748 4554438 12960251 14047305 553080 235434 30438327 32215161 17922352 18738946 12515975 13476215 X THE URBAN SCHOOL OF SAN FRANCISCO IS AN INNOVATIVE, CO-EDUCATIONAL DAY SCHOOL WHICH SEEKS TO IGNITE A PASSION FOR LEARNING AND TO INSPIRE ITS STUDENTS TO BECOME SELF-MOTIVATED, ENTHUSIASTIC PARTICIPANTS IN THEIR EDUCATION. 0 0 10553993 2128450 11996613 FOUNDED IN 1966, URBAN OFFERS A DEMANDING COLLEGE PREPARATORY PROGRAM IN THE ARTS, ENGLISH, HISTORY, LANGUAGES, MATHEMATICS AND SCIENCE. ALL INCOMING STUDENTS ARE ISSUED STATE-OF-THE-ART LAPTOP COMPUTERS FOR SCHOOL AND HOME USE TO HELP FULLY INTEGRATE TECHNOLOGY INTO THE CURRICULUM. THE SCHOOL FIELDS INTERSCHOLASTIC TEAMS IN MANY SPORTS AND PROVIDES NUMEROUS EXTRACURRICULAR OPPORTUNITIES FOR STUDENT LEADERS, WRITERS AND PERFORMERS. THROUGH FIELDWORK, COMMUNITY SERVICE AND INTERNSHIPS, STUDENTS EXPLORE AND CONTRIBUTE TO OUR OWN HAIGHT-ASHBURY NEIGHBORHOOD, AS WELL AS TO THE LARGER COMMUNITY. URBAN HAS A FACULTY OF 44 FULL- AND PART-TIME TEACHERS AND 350 STUDENTS IN GRADES 9 THROUGH 12. THE TEACHER-STUDENT RATIO IS 1:9. THE URBAN SCHOOL OF SAN FRANCISCO IS ACCREDITED BY THE WESTERN ASSOCIATION OF SCHOOLS AND COLLEGES (WASC), AND IS A MEMBER OF THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS (NAIS), THE CALIFORNIA ASSOCIATION OF INDEPENDENT SCHOOLS (CAIS), THE COUNCIL FOR THE ADVANCEMENT AND SUPPORT OF EDUCATION (CASE), AND THE SECONDARY SCHOOL ADMISSION TEST BOARD. URBAN IS ALSO A MEMBER OF A BETTER CHANCE (ABC), THE BAY COUNTIES LEAGUE (BCL), AND THE NETWORK OF COMPLEMENTARY SCHOOLS.THE URBAN SCHOOL OF SAN FRANCISCO ADMITS STUDENTS WITHOUT REFERENCE TO RACE, COLOR, SEX, RELIGION, SEXUAL ORIENTATION, NATIONAL OR ETHNIC ORIGIN TO ALL THE RIGHTS PRIVILEGES, PROGRAMS, AND ACTIVITIES GENERALLY ACCORDED OR MADE AVAILABLE TO STUDENTS AT THE SCHOOL. IT DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, SEX, RELIGION, SEXUAL ORIENTATION, NATIONAL OR ETHNIC ORIGIN IN ADMINISTRATION OF ITS EDUCATIONAL POLICIES, FINANCIAL AID PROGRAM, ATHLETIC OR SCHOOL-ADMINISTERED PROGRAMS. 10553993 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 1 0 0 0 0 1 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 0 1 73 0 1 181 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 0 1 1 1 1 0 1 1 0 CA X SUSAN MUNN 4156262919 1563 PAGE STREET SAN FRANCISCO CA 941172017 TERRY GAMBLE BOYER 5.00 X X 0 0 0 KATHY BOLE 3.00 X X 0 0 0 DAVID LAHAR 3.00 X X 0 0 0 STEVEN MELIKIAN 3.00 X X 0 0 0 GLENN SHANNON 3.00 X X 0 0 0 LAURA FISHER 3.00 X X 0 0 0 PETER ROSS 3.00 X X 0 0 0 LAWRENCE BAER 2.00 X 0 0 0 KARIE BROWN 2.00 X 0 0 0 MICHAEL BROWNE 2.00 X 0 0 0 STEVEN DINKELSPIEL 2.00 X 0 0 0 MICHAEL FELDMAN 2.00 X 0 0 0 STEVEN FINGERHOOD 2.00 X 0 0 0 KENNETH JOHNSON 2.00 X 0 0 0 DENISE WANG KLINE 2.00 X 0 0 0 JOE KWONG 2.00 X 0 0 0 GARY LUCAS 2.00 X 0 0 0 MIKE MCCUNE 2.00 X 0 0 0 STEVE MORRIS 2.00 X 0 0 0 WARRINGTON PARKER 2.00 X 0 0 0 ROBINA RICCITIELLO 2.00 X 0 0 0 GEOFF SEARS 2.00 X 0 0 0 AISHA TONEY 2.00 X 0 0 0 LESLIE WINICK 2.00 X 0 0 0 DOUGLAS WOLF 2.00 X 0 0 0 ALEX WONG 2.00 X 0 0 0 ERIC YOPES 2.00 X 0 0 0 KARI KIERNAN 35.00 X 0 0 0 SUSAN MUNN 50.00 X 189697 0 20521 MARK SALKIND 50.00 X 420293 0 26283 SUZANNE FORREST 40.00 X 143959 0 16944 CHARLOTTE WORSLEY 40.00 X 133090 0 16093 JONATHAN HOWLAND 40.00 X 129002 0 15774 HOWARD LEVIN 40.00 X 131055 0 15935 SUSAN LEE 40.00 X 116141 0 9566 1263237 0 121116 9 0 1 0 SODEXO DEPT 43283 LOS ANGELES CA 90088 MAINTENANCE & JANITORIAL SERVICE 414792 CYO TRANSPORTATION SERVICES 699 SERRAMONTE BLVD STE 210 DALY CITY CA 94015 TRANSPORTATION 303804 DARIOUSH INC 5912 BAGSHOTTE DRIVE OAKLAND CA 94611 CATERING/CAFETERIA 190407 3 145195 1802613 57007 1947808 TUITION AND FEES 611600 11604860 11604860 OTHER PROGRAM RELATED 611600 391753 391753 11996613 275484 275484 43251 63021 -19770 -19770 -19770 56429 56332 97 97 97 125670 145195 72618 53052 53052 7327 7327 7327 MISC. REVENUE 611710 22128 22128 22128 14282739 11996613 0 338318 2128450 2128450 741881 222694 407840 111347 5453057 4447399 725466 280192 281614 233186 45184 3244 449936 372726 69597 7613 416718 339024 69082 8612 4844 4844 41500 41500 21211 21211 120500 52027 65161 3312 62154 35139 11319 15696 1517449 1015114 435263 67072 62607 52613 7296 2698 868945 732456 126128 10361 57912 50184 6699 1029 69282 48964 20318 319517 319517 649059 608932 31751 8376 89606 70224 14149 5233 LOSS ON INTEREST RATE S 279281 279281 LOSS ON EXTINGUISHED DE 171057 171057 SEMESTER PROGRAM 63955 63955 BAD DEBT EXPENSE 44492 44492 PROFESSIONAL MEMBERSHIP 41430 4883 36547 90848 76023 12053 2772 14047305 10553993 2944544 548768 257397 2240108 2538918 47 454935 5766481 6340804 607354 501806 20886693 7066639 14334639 13820054 6933538 8857407 30438327 32215161 718750 660454 9459883 10176282 6630000 7902210 1113719 0 17922352 18738946 X 10839382 10895267 930570 1489795 746023 1091153 12515975 13476215 30438327 32215161 X 235434 724806 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4560696 348630 693999 5603325 4270576 313074 227046 250000 4560696 3960950 282954 26672 4270576 0.77560 0.19470 0.02970 0 0 400000 1760455 2160455 570409 16039064 5331897 11277576 11895 480741 347239 145397 1484441 1247815 236626 139688 139688 0 13820054 TIFF MULTI-ASSET FUND 7379984 F INTERMEDIATE-TERM BONDS 1477423 F 8857407 14282739 14047305 235434 724806 724806 960240 12878161 724806 -2192405 -1467599 14345760 -63021 -63021 14282739 11917921 63021 63021 11854900 2192405 2192405 14047305 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE SCHOOL'S ENDOWMENTS CONSIST OF THREE INDIVIDUAL FUNDS, ALL ESTABLISHED TO GENERATE GENERAL OPERATING SUPPORT TO THE ORGANIZATION. ITS ENDOWMENT INCLUDES DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF DIRECTORS TO FUNCTION AS ENDOWMENTS. NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD OF DIRECTORS TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. THE INVESTMENT OBJECTIVE FOR FUNDS OF THE SCHOOL ALLOCATED TO "ENDOWMENT" BY THE BOARD OF TRUSTEES ("ENDOWMENT") IS TO ACHIEVE THE HIGHEST RETURN FOR THE RISK DEEMED APPROPRIATE BY THE INVESTMENT COMMITTEE. IN ASSESSING RISK, THE INVESTMENT COMMITTEE SHOULD ASSUME THAT THE URBAN SCHOOL'S INVESTMENT HORIZON STRETCHES INTO PERPETUITY AND ITS NEED FOR LIQUIDITY IS LIMITED. EXCEPT IN THOSE CIRCUMSTANCES IN WHICH DOING SO WOULD CAUSE THE ENDOWMENT TO INCUR OUTSIZED RISK, THE INVESTMENT COMMITTEE SHALL, AT A MINIMUM, STRIVE TO ACHIEVE RETURNS THAT MAINTAIN THE ENDOWMENT'S PURCHASING POWER AFTER DISBURSEMENTS. SPECIFICALLY, THE ENDOWMENT'S ANNUAL RETURN SHOULD MATCH OR EXCEED THE INFLATION RATE ASSOCIATED WITH EDUCATIONAL INSTITUTIONS PLUS THE RATE OF ENDOWMENT SPENDING. 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 HAS EVALUATED ITS CURRENT TAX POSITIONS AND HAS CONCLUDED THAT AS OF JUNE 30, 2011, THE SCHOOL HAS MAINTAINED ITS TAX EXEMPT STATUS AND HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS. THE SCHOOL IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY U.S. FEDERAL TAX AUTHORITIES FOR TAX YEARS PRIOR TO 2008 AND STATE TAX AUTHORITIES FOR TAX YEARS PRIOR TO 2007. PART XII, LINE 2D - OTHER ADJUSTMENTS: TUITION ASSISTANCE -2,128,450. SEMESTER PROGRAM -63,955. PART XII, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -63,021. PART XIII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 63,021. PART XIII, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE 2,128,450. SEMESTER PROGRAM 63,955. 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 NONDISCRIMINATORY POLICY PUBLISHED IN THE SAN FRANCISCO CHRONICLE X X X X X 1 MARTS & LUNDY 1200 WALL STREET WEST LYNDHURST NJ 07071 ADVICE ON VARIOUS IN-PERSON NON-GOVERNMENT GRANT SOLICITATIO 0 846348 21211 825137 846348 21211 825137 CA ANNUAL AUCTION 270865 145195 125670 666 19818 30901 4500 16733 270865 145195 125670 666 19818 30901 4500 16733 72618 53052 EXPLANATION OF FUNDRAISING PAYMENTS SCHEDULE G, PART I, LINE 2B, COLUMN (V) ADVICE ON VARIOUS IN-PERSON AND NON GOVERNMENT GRANT SOLICITATIONS. 1 FINANCIAL AID 95 2128450 OTHER INFORMATION: PART IV: URBAN SCHOOL SUBSCRIBES TO THE SCHOOL AND STUDENT SERVICE FOR FINANCIAL AID (SSS) SERVICE. AFTER FAMILIES SUBMIT DETAILED FINANCIAL INFORMATION, SSS ANALYZES THE DATA AND RECOMMENDS AN AMOUNT THAT EACH FAMILY CAN EXPECT TO PAY FOR EDUCATIONAL EXPENSES. URBAN'S FINANCIAL AID COMMITTEE, WHICH IS NOT A BOARD COMMITTEE, USES THIS FIGURE AS THE BASIS FOR ITS FINANCIAL AWARD CALCULATIONS. FAMILIES MUST ALSO SUBMIT COPIES OF THEIR MOST RECENT FEDERAL TAX FORM 1040. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 SUSAN MUNN 189697 0 0 0 0 0 13279 0 7242 0 210218 0 0 0 MARK SALKIND 420293 0 0 0 0 0 17150 0 9133 0 446576 0 0 0 SUZANNE FORREST 143959 0 0 0 0 0 10077 0 6867 0 160903 0 0 0 CALIFORNIA ENTERPRISE DEVELOPMENT AUTHORITY 352273601 2010-09-01 7963676 SEE PART V FOR DESCRIPTION OF PURPOSE 0 0 0 7963676 100336 7863340 2006 1 0 1 1 0 0 0 0 1 0.00000 0.00000 0.00000 1 0 0 0 0 0 0 SCHEDULE K, PART I, BOND ISSUES: (F) DESCRIPTION OF PURPOSE ON SEPTEMBER 1, 2010, THE SCHOOL ENTERED INTO A LOAN AGREEMENT WITH FIRST REPUBLIC BANK AND CALIFORNIA ENTERPRISE DEVELOPMENT AUTHORITY FOR A TAX-EXEMPT BANK LOAN OF $8,036,000 (THE "LOAN") THAT REFINANCED THE SCHOOL'S OBLIGATIONS UNDER VARIABLE RATE DEMAND REVENUE BONDS ISSUED BY THE ABAG FINANCE AUTHORITY FOR NONPROFIT CORPORATIONS THEN OUTSTANDING IN THE AMOUNT OF $6,450,000, FINANCED THE INTEREST RATE SWAP TERMINATION COSTS OF $1,393,000, AND FINANCED THE RELATED TRANSACTION COSTS OF $193,000. THE SCHOOL'S PAYMENT OBLIGATIONS UNDER THE LOAN FROM THE AUTHORITY ARE ASSIGNED TO THE BANK. THE LOAN BEARS A FIXED RATE OF 4.45%, IS FULLY AMORTIZED, AND REQUIRES ANNUAL PAYMENTS OF PRINCIPAL AND INTEREST OF $537,000 TO BE PAID MONTHLY, AND MATURES ON SEPTEMBER 1, 2035. X 17 57007 FMV ON DATE OF GIFT 0 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 HOOD & STRONG WILL FORWARD THE 990 TO THE CFO AND THE CONTROLLER. THE CFO AND CONTROLLER WILL FORWARD THE 990 TO THE HEAD OF SCHOOL AND THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES FOR THEIR REVIEW PRIOR TO FILING THE FORM 990. A COPY OF THE 990 EXCLUDING SCHEDULE B IS PROVIDED TO THE FINANCE COMMITTEE OF THE BOARD OF TRUSTEES FOR REVIEW. GIVEN THE CONFIDENTIAL NATURE OF BOTH THE AMOUNT OF GIFTS TO THE SCHOOL, AS WELL AS IN SOME CASES THE NAMES OF DONORS, THE SCHOOL BELIEVES THAT TO MAKE THIS INFORMATION AVAILABLE TO PERSONS OTHER THAN THOSE ORIGINALLY CONTEMPLATED BY THE DONOR WOULD CONSTITUTE A BREACH OF TRUST. FORM 990, PART VI, SECTION B, LINE 12C THE SCHOOL WILL REQUIRE ALL TRUSTEES AND OFFICERS TO ANNUALLY REVIEW AND ADHERE TO THIS POLICY, AND TO COMPLETE AND SIGN A CONFIDENTIAL CONFLICT OF INTERESTS STATEMENT AND RETURN IT TO THE HEAD OF SCHOOL'S OFFICE. THE HEAD OF SCHOOL WILL ANNUALLY MAKE A REPORT TO THE EXECUTIVE COMMITTEE BASED ON THE DISCLOSURE FORMS SUBMITTED. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD'S EXECUTIVE COMMITTEE ANNUALLY REVIEWS AND DISCUSSES COMPENSATION AND BENEFITS OF HEAD OF SCHOOL AND CFO. OUTSIDE CONSULTANTS ARE HIRED WHEN NECESSARY TO ASSESS COMPENSATION OF SIMILAR POSITIONS. ANNUALLY, THE COMMITTEE REVIEWS COMPENSATION SURVEYS COMPILED BY LOCAL AND NATIONAL INDEPENDENT SCHOOL ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 724,806. THE 1565 BLUES LLC 1563 PAGE STREET SAN FRANCISCO CA 94117 941622034 ACQUIRING, OWNING, OPERATING AND HOLDING REAL PROPERTY AT 1565 PAGE ST., SF CA -19770 839644 N/A