2024-05-14T13:30:51-05:00 2023-06-30 111986323 MARCUM LLP 1 MONTGOMERY STREET SUITE 1700 SAN FRANCISCO CA 94104 990 2022-07-01 942219550 DREW SCHOOL DREW 4154303737 2901 CALIFORNIA STREET SAN FRANCISCO CA 94115 LYN WERBACH CHIEF OPERATING OFFICER 4154093737 2024-05-13 1 LYN WERBACH 999009999 0 ROGER BULOSAN P00221282 4154326200 2024-05-13 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DAVID FRANKENBERG 2901 CALIFORNIA STREET SAN FRANCISCO CA 94115 18890040 0 X WWW.DREWSCHOOL.ORG X 1973 CA ENGAGE AND SUPPORT THE ACADEMIC TALENTS, INITIATIVE AND SELF-CONFIDENCE OF EACH OF OUR STUDENTS. 21 21 112 0 0 0 2128062 1928155 15328723 16401572 19270 16831 150 1730 17476205 18348288 5013010 5258023 0 0 8319372 8789471 0 0 456427 3584168 3643994 16916550 17691488 559655 656800 37994405 40325084 19796131 21343968 18198274 18981116 X DREW KNOWS AND BELIEVES IN TEENAGERS. WE ENGAGE EACH STUDENT IN A PROCESS OF INTELLECTUAL DISCOVERY TO DEVELOP AN INDIVIDUAL VOICE, THE CONFIDENCE TO EXPRESS IT, AND THE EMPATHY TO UNDERSTAND ITS IMPACT. 0 0 14923570 5144755 16748859 PRIVATE SECONDARY SCHOOL PROVIDING COLLEGE PREPARATORY EDUCATION.DREW SCHOOL IS A SMALL COLLEGE PREPARATORY HIGH SCHOOL SERVING APPROXIMATELY 300 STUDENTS. DREW'S MISSION STATEMENT READS: DREW KNOWS AND BELIEVES IN TEENAGERS. WE ENGAGE EACH STUDENT IN A PROCESS OF INTELLECTUAL DISCOVERY TO DEVELOP AN INDIVIDUAL VOICE, THE CONFIDENCE TO EXPRESS IT, AND THE EMPATHY TO UNDERSTAND ITS IMPACT. 435521 67220 229664 LEARNING SUPPORT PROGRAM (TUTORING)TUTORING SERVICES PROVIDED TO STUDENTS WHO ATTEND DREW. TUTORING SUPPORTS COLLEGE PREPATORY MISSION & SUMMER SCHOOL 261330 46048 222893 DREW EDUCATION FOR ACTIVE LIFELONG LEARNING (DEALL)EXPERIENTIAL EDUCATION COMPONENT OF COLLEGE PREPARATORY STUDIES. 15620421 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 36 0 1 112 1 0 0 0 0 1 1 1 1 0 0 0 0 0 0 X 21 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X LYN WERBACH 4154303737 2901 CALIFORNIA ST SAN FRANCISCO CA 94115 MAIJA MUNCY TREASURER 2.00 X X 0 0 0 JENNIFER GUITTARD TRUSTEE 2.00 X 0 0 0 DAN HENKLE BOARD CHAIR 2.00 X X 0 0 0 TRACY KIRKHAM VICE CHAIR 2.00 X X 0 0 0 MARJORIE MOLIERE MCMORRIS TRUSTEE 2.00 X 0 0 0 ERIC SCHULKIN TRUSTEE 2.00 X 0 0 0 DAVID POSNER TRUSTEE 2.00 X 0 0 0 IRENE SUNG TRUSTEE 2.00 X 0 0 0 ARPANA VIDYARTHI SECRETARY 2.00 X X 0 0 0 LOGAN MCDOUGAL TRUSTEE 2.00 X 0 0 0 SALVADOR ACEVEDO TRUSTEE 2.00 X 0 0 0 ABBE CLEMONS TRUSTEE 2.00 X 0 0 0 RICH HILLIS TRUSTEE 2.00 X 0 0 0 TODD HOLCOLMB TRUSTEE 2.00 X 0 0 0 TONY LOPEZ TRUSTEE 2.00 X 0 0 0 BRAD ROTHENBERG TRUSTEE 2.00 X 0 0 0 MARTIN BABBLER TRUSTEE 2.00 X 0 0 0 ANDRE HADDAD TRUSTEE 2.00 X 0 0 0 HOPE SCHMELTZER TRUSTEE 2.00 X 0 0 0 HILARY SELIGMAN TRUSTEE 2.00 X 0 0 0 CAROL SWAINSON TRUSTEE 2.00 X 0 0 0 DAVID FRANKENBERG HEAD OF SCHOOL 40.00 X 573648 0 32887 DOUG MOORE CFO 40.00 X 240500 0 26537 LYLA MAX DIRECTOR OF ADVANCEMENT 40.00 X 158460 0 13739 MARIAN FERRARA FACULTY, MATHEMATICS 40.00 X 138264 0 4631 CHRISTOPHER KAJIWARA DIRECTOR OF TECHNOLOGY 40.00 X 147900 0 12781 DAVID FITZGERALD DEAN OF STUDENTS 40.00 X 141000 0 8760 ALAIN SYKES DEAN OF EQUITY AND SOCIAL IMPACT 40.00 X 146450 0 20273 1546222 0 119608 22 0 1 0 0 196552 798114 933489 1928155 TUITION REVENUE 611600 15911738 15911738 OTHER PROGRAM SERVICES 611600 456734 456734 APPLICATION FEES 611600 33100 33100 16401572 16803 16803 430383 429295 1060 1088 -1060 28 28 111397 196552 111397 0 OTHER INCOME 611600 1730 1730 1730 18348288 16403302 0 16831 5258023 5258023 957752 335886 541978 79888 6393961 5503622 635896 254443 353909 303207 35605 15097 540352 474403 55599 10350 543497 442264 77590 23643 74823 74823 205608 205608 48452 48452 195596 195596 304579 495018 -213947 23508 240311 240311 714689 620757 76040 17892 67739 67739 298012 294755 2637 620 641522 574163 54529 12830 133690 106559 21963 5168 EXTRA CURRICULAR 295675 295675 SUPPLIES/CURRICULUM 271166 239854 31312 PROFESSIONAL DEVELOPMEN 75726 59287 15007 1432 OTHER EXPENSES 53518 53518 22888 11332 11556 17691488 15620421 1614640 456427 5619302 6331330 3004529 3006894 16800 132842 5901361 6458703 127547 92547 110620 0 272438 264578 31284755 9281546 22392665 22003209 484575 531521 64568 153798 0 1349662 37994405 40325084 847248 963488 10815679 11807571 8131419 7465004 1785 65368 0 1042537 19796131 21343968 X 17197208 18222493 1001066 758623 18198274 18981116 37994405 40325084 656800 126042 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 469283 46946 19528 496701 574394 -105111 469283 431666 142728 574394 416695 14971 431666 397422 19273 416695 0.68000 0.32000 0 0 3519478 3519478 25955549 7788677 18166872 1350872 1129152 221720 458856 363717 95139 22003209 OPERATING LEASE LIABILITIES 1042537 1042537 X 13327704 126042 111397 237439 13090265 5258023 5258023 18348288 12544862 111397 111397 12433465 5258023 5258023 17691488 PART V, LINE 4: THE DONOR ENDOWMENT FUND IS BEING HELD TO GENERATE INCOME TO SUPPORT THE SCHOOL IN PERPETUITY. PART X, LINE 2: THE SCHOOL IS A QUALIFIED ORGANIZATION EXEMPT FROM FEDERAL INCOME TAXES AND STATE FRANCHISE TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC") AND SECTION 23701D OF THE CALIFORNIA REVENUE AND TAXATION CODE, RESPECTIVELY. U.S. GAAP REQUIRES MANAGEMENT TO EVALUATE THE TAX POSITIONS TAKEN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE SCHOOL HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE-LIKELY-THAN-NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN AND HAS CONCLUDED THAT AS OF JUNE 30, 2023, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A TAX LIABILITY(OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE SCHOOL IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS PENDING OR IN PROGRESS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES NETTED AGAINST CONTRIBUTIONS ON TAX RETURN 111,397. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AWARDS NETTED AGAINST TUITION ON AUDITED FINANCIAL STATEMENTS 5,258,023. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES NETTED AGAINST CONTRIBUTIONS ON TAX RETURN 111,397. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AWARDS NETTED AGAINST TUITION ON AUDITED FINANCIAL STATEMENTS 5,258,023. 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 NON DISCRIMINATION POLICY IS PUBLISHED ON DREW'S WEBSITE AT: HTTPS://WWW.DREWSCHOOL.ORG/ADMISSIONS/APPLYING-TO-DREW AUCTION 307949 196552 111397 111397 307949 196552 111397 111397 111397 0 1 FINANCIAL AID AWARDED TO STUDENTS 145 5258023 FAIR MARKET VALUE REDUCTION IN TUITION PART I, LINE 2: ALL GRANTS ARE BASED ON FINANCIAL NEED. THE SCHOOL USES AN OUTSIDE ORGANIZATION TO ANALYZE NEED. APPLICATIONS ARE SUBSTANTIATED WITH COPIES OF INCOME TAX RETURNS. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 DAVID FRANKENBERG HEAD OF SCHOOL 445448 0 0 0 128200 0 20500 0 12387 0 606535 0 0 0 DOUG MOORE CFO 240500 0 0 0 0 0 12025 0 14512 0 267037 0 0 0 LYLA MAX DIRECTOR OF ADVANCEMENT 98250 0 0 0 60210 0 13542 0 197 0 172199 0 0 0 ALAIN SYKES DEAN OF EQUITY AND SOCIAL IMPACT 146450 0 0 0 0 0 5858 0 14415 0 166723 0 0 0 CHRISTOPHER KAJIWARA DIRECTOR OF TECHNOLOGY 147900 0 0 0 0 0 4437 0 8344 0 160681 0 0 0 A ABAG FINANCE AUTHORITY FOR NONPROFIT CORP EDUCATION FACILITIES REFUND 2014-06-20 12325000 ADVANCE REFUND: PARTIAL 2007 AND ALL OF 2010 BONDS 0 0 0 B ABAG FINANCE AUTHORITY FOR NONPROFIT CORPORATIONS EDUCATION FACILITIES REFU 943130123 2015-10-01 2160000 CURRENTLY REFUND AND REPAY THE REMAINING BALANCE OF THE SERIES 2007 BOND 0 0 0 A 3945132 12325000 245143 12079857 2014 1 0 1 1 B 308000 2160000 2160000 2016 1 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 1 1 1 US BANK 5.000000000000 1 0 0 0 1 B 1 1 0 0 0 1 A 1 B 1 DAVID FRANKENBERG HEAD OF SCHOOL HOUSING X 230000 92547 0 1 1 92547 FORM 990, PART VI, SECTION B, LINE 11B A COPY OF 990 FORM WILL BE AVAILABLE TO ALL TRUSTEES (EITHER VIA ONLINE OR PRINTED COPY) FOR THEIR REVIEW, COMMENTS AND QUESTIONS. FORM 990, PART VI, SECTION B, LINE 12C IN ADDITION TO ANNUAL WRITTEN DISCLOSURE, THE BOARD CHAIR, PRESIDENT AND COMMITTEE ON TRUSTEES MONITOR ACTIVITY. ANY POTENTIAL CONLICT IS FULLY DISCLOSED TO THE BOARD AND RECORDED IN BOARD MINUTES. ANY VOTE NEEDED WOULD TAKE PLACE WITHOUT THE PRESENCE OF THE INDIVIDUAL CONCERNED. FORM 990, PART VI, SECTION B, LINE 15 COMPARABLE SURVEY DATA FROM NAIS, CAIS, AND CAL-ISBOA (CALIFONIA INDEPENDENT SCHOOL BUSINESS OFFICERS ASSOCIATION) ARE USED AND THE COMPENSATION COMMITTEE OF THE BOARD REVIEWS AND MAKES A DECISION. THE SAME SURVEY DATA ARE USED TO DETERMINE OTHER KEY MANAGEMENT POSITION COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST FORM 990, PART XII, LINE 2C: THERE WAS NO CHANGE TO THE OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.