2024-05-15T12:31:55-05:00 2023-06-30 111986323 MARCUM LLP 1 MONTGOMERY STREET SUITE 1700 SAN FRANCISCO CA 94104 990 2022-07-01 941525621 ST PAUL'S DAY SCHOOL OF OAKLAND DBA ST PAUL'S EPISCOPAL SCHOOL STPA 5102859600 116 MONTECITO AVENUE OAKLAND CA 94610 NICOLE START DIR OF FINANCE AND OPERATIONS 5102859600 2024-05-13 1 NICOLE START XXX-XX-XXXX 0 ROGER BULOSAN P00221282 4154326200 2024-05-13 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z NICOLE START 116 MONTECITO AVENUE OAKLAND CA 94610 13558357 0 X WWW.SPES.ORG X 1964 CA HIGH QUALITY EDUCATION FOR K - 8TH GRADES, EMPHASIZING ACADEMIC EXCELLENCE AND PERSONAL GROWTH. 24 22 113 350 0 0 761859 501758 13082470 12957929 68428 98670 0 0 13912757 13558357 3787913 3603341 0 0 7342612 7906330 0 0 417552 2609895 2582267 13740420 14091938 172337 -533581 23395858 24006002 16175618 17132947 7220240 6873055 ST. PAUL'S PREPARES STUDENTS TO BE CONFIDENT AND SKILLED LEARNERS, CULTIVATES IN THEM A STRONG SENSE OF PURPOSE, AND INSPIRES THEM TO BE GENEROUS AND ACTIVE CITIZENS OF THE WORLD. 0 0 10501957 3603341 12336434 ST. PAUL'S IS AN INDEPENDENT, CO-EDUCATIONAL SCHOOL SERVING APPROXIMATELY 350 STUDENTS FROM KINDERGARTEN THROUGH EIGHTH GRADE. THE SCHOOL IS DEDICATED TO EDUCATION, PROVIDING THE FINEST STANDARD OF EDUCATION, AND TO ENABLING ITS GRADUATES TO ADVANCE SUCCESSFULLY TO HIGH SCHOOL AND THEREAFTER TO UNIVERSITY AND CAREERS. ST. PAUL'S SCHOOL MEASURES ITS ACADEMIC EXCELLENCE IN ACHIEVEMENT - MASTERY OF SUBJECT MATTER, CLASSROOM PERFORMANCE, HIGH SCHOOL ENTRY, HIGHER EDUCATION AND CAREER PATHS - AND ALSO IN THE DEVELOPMENT OF INDEPENDENT THINKING, INTELLECTUAL CURIOSITY, SELF-CONFIDENCE AND POSITIVE RELATIONS WITH OTHERS. 525262 621495 THE AFTER SCHOOL PROGRAM (ASP) IS AN EXTENSION OF THE REGULAR SCHOOL DAY. THE PROGRAM SERVES THE CHILDCARE NEEDS OF PARENTS AND STUDENTS, AND FOSTERS THE SAME COMMUNITY ATMOSPHERE AS DURING THE REGULAR SCHOOL DAY. ASP STUDENTS ABIDE BY THE SAME SCHOOL PRINCIPLES AND GUIDELINES. STUDENTS ARE ALLOWED TO MOVE THROUGHOUT THE PROGRAM TO SPACES THAT ARE OPEN. THEY MAY PARTICIPATE IN ACTIVITIES SUCH AS ARTS AND CRAFTS, BASKETBALL, PLAY STRUCTURE ACTIVITIES, BOARD GAMES, MATH CHALLENGE, SOCIAL AND SILENT STUDY HALLS, COMPUTERS, BLOCKS AND LEGOS AND MUCH MORE. WE ALSO INCORPORATE ENRICHMENT CLASSES LIKE TAE KWON DO, CHESS, READING CLUB, KNITTING, KUNG FU, LEGOS, AND SPECIAL ART PROJECTS. WE SERVE NUTRITIOUS SNACKS THAT INCLUDE FRUITS AND/OR VEGETABLES. 11027219 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 0 0 0 0 1 0 0 0 0 0 1 0 0 0 1 22 0 1 113 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 24 22 0 0 0 0 0 1 0 1 0 0 0 0 1 1 1 0 1 1 0 0 CA X NICOLE START 5102859609 116 MONTECITO AVENUE OAKLAND CA 94610 CHERYL TING HEAD OF SCHOOL 40.00 X X 297705 0 42764 THE REV MAURICIO WILSON EX-OFFICIO BOARD MEMBER 5.00 X 0 0 0 THERESA O'BRIEN EX-OFFICIO BOARD MEMBER 5.00 X 0 0 0 YNEZ ARCE EX-OFFICIO BOARD MEMBER 5.00 X 0 0 0 WILL COWART EX-OFFICIO BOARD MEMBER 5.00 X 0 0 0 ANTHONY HOPKINS EX-OFFICIO BOARD MEMBER 40.00 X 0 0 0 FRANCINE ANTHONY FORMER BOARD CHAIR 5.00 X 0 0 0 JULAYNE AUSTIN VIRGIL BOARD CO-CHAIR 5.00 X X 0 0 0 GENE WADE BOARD MEMBER 5.00 X 0 0 0 ANDREW F WILLIAMS BOARD MEMBER 5.00 X 0 0 0 JACK WILLS BOARD MEMBER 5.00 X X 0 0 0 MATT GARFUNKLE TREASURER 5.00 X X 0 0 0 VIRGINA PAIK BOARD MEMBER 5.00 X 0 0 0 JOSE A QUINONEZ BOARD MEMBER 5.00 X 0 0 0 RHONA TAYLOR BOARD CO-CHAIR 5.00 X 0 0 0 ALEXANDRA AMENT SECRETARY 5.00 X X 0 0 0 MATTHEW MARKOVICH BOARD MEMBER 5.00 X 0 0 0 MONA SHAH BOARD MEMBER 5.00 X 0 0 0 NATE STEVENSON BOARD MEMBER 5.00 X 0 0 0 HEIDI QUAN BOARD MEMBER 5.00 X 0 0 0 ELANA ROSTON BOARD MEMBER 5.00 X 0 0 0 ERIC HOOPER EX-OFFICIO BOARD MEMBER 5.00 X 0 0 0 JORDAN EDELSTEIN BOARD MEMBER 5.00 X 0 0 0 MARGARET SEXTON BOARD MEMBER 5.00 X 0 0 0 NICOLE START DIRECTOR OF FINANCE & OPER 40.00 X 135176 0 16558 KENTON YOUNG DIRECTOR OF PROGRAMS 40.00 X 137972 0 37972 NAYO BROOKS-SANTOS DIRECTOR OF LOWER SCHOOL 40.00 X 124558 0 25464 EHETE TEQUAME CONTROLLER 40.00 X 114216 0 39249 MARIANNE MILLER 7TH GRADE TEACHER 40.00 X 114656 0 15832 DEBORAH MEYER PE TEACHER 40.00 X 107688 0 36941 1031971 0 214780 7 0 1 0 ST PAUL'S EPISCOPAL CHURCH 1055 TAYLOR STREET SAN FRANCISCO CA 94108 HEALTHCARE PREMIUM 1151758 1 184517 317241 10137 501758 TUITION AND FEES 611710 12116870 12116870 AFTER SCHOOL PROGRAM 611710 406646 406646 SUMMER SCHOOL PROGRAM 611710 214853 214853 BUILDING ASSESSMENT FEES 611710 115393 115393 APPLICATION AND FINANCE FEES 611710 104167 104167 12957929 86466 86466 12204 0 12204 12204 12204 0 184517 0 0 13558357 12957929 0 98670 3603341 3603341 748969 229657 519312 5322582 4039147 1041923 241512 223626 152957 60998 9671 1151759 848143 264139 39477 459394 331620 108941 18833 333774 56004 256855 20915 15365 15365 116256 98585 17671 92594 10312 66490 15792 668424 589610 73336 5478 198414 186509 9921 1984 725404 694809 30595 ALL OTHERS 147343 47734 55710 43899 BOOKS & SUPPLIES 140001 140001 PROFESSIONAL DEVELOPMEN 69484 49080 18084 2320 BAD DEBTS 48295 48295 26913 26913 14091938 11027219 2647167 417552 1679979 2699960 163632 1362 5000 5705007 5313280 182270 144918 19916706 10100812 10416184 9815894 5236928 5499725 11858 525863 23395858 24006002 384540 474533 8923431 9432250 6867647 6704670 0 521494 16175618 17132947 X 5981736 5590458 1238504 1282597 7220240 6873055 23395858 24006002 -533581 186396 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1684213 2650 202130 1888993 1837004 130550 -283341 1684213 1321117 125100 390787 1837004 1252999 2050 66068 1321117 1215478 2450 92588 57517 1252999 0.39580 0.45090 0.15330 0 0 675125 675125 14192273 6951285 7240988 4343406 2594322 1749084 705902 555205 150697 9815894 OPERATING LEASE LIABILITIES 521494 521494 X 10141412 186396 186396 9955016 3603341 3603341 13558357 10488597 0 10488597 3603341 3603341 14091938 PART V, LINE 4: THE SCHOOL'S ENDOWMENT CONSISTS OF APPROXIMATELY SIX INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. ENDOWMENT FUNDS INCLUDE BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. AS REQUIRED BY U.S. GAAP, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. THE BOARD OF TRUSTEES OF THE SCHOOL HAS INTERPRETED CALIFORNIA'S ENACTED VERSION OF THE UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT ("UPMIFA") AS REQUIRING THE PRESERVATION OF THE FAIR VALUE OF THE ORIGINAL GIFT AS OF THE GIFT DATE OF THE DONOR-RESTRICTED ENDOWMENT FUNDS ABSENT EXPLICIT DONOR STIPULATIONS TO THE CONTRARY. AS A RESULT OF THIS INTERPRETATION, THE SCHOOL CLASSIFIES AS PERMANENT ENDOWMENT (A) THE ORIGINAL VALUE OF GIFTS DONATED TO THE PERMANENT ENDOWMENT, (B) THE ORIGINAL VALUE OF SUBSEQUENT GIFTS TO THE PERMANENT ENDOWMENT, AND (C) ACCUMULATIONS TO THE PERMANENT ENDOWMENT MADE IN ACCORDANCE WITH THE DIRECTION OF THE APPLICABLE DONOR GIFT INSTRUMENT AT THE TIME THE ACCUMULATION IS ADDED TO THE FUND. THE REMAINING PORTION OF THE DONOR-RESTRICTED ENDOWMENT FUND THAT IS NOT CLASSIFIED IN PERMANENT ENDOWMENT IS CLASSIFIED AS EXPENDABLE RESTRICTED NET ASSETS UNTIL THOSE AMOUNTS ARE APPROPRIATED FOR EXPENDITURE BY THE SCHOOL IN A MANNER CONSISTENT WITH THE STANDARD OF PRUDENCE PRESCRIBED BY UPMIFA. IN ACCORDANCE WITH UPMIFA, THE SCHOOL CONSIDERS THE FOLLOWING FACTORS IN MAKING A DETERMINATION TO APPROPRIATE OR ACCUMULATE DONOR-RESTRICTED ENDOWMENT FUNDS: (1) THE DURATION AND PRESERVATION OF THE FUND (2) THE PURPOSES OF THE SCHOOL AND THE DONOR-RESTRICTED ENDOWMENT FUND (3) GENERAL ECONOMIC CONDITIONS (4) THE POSSIBLE EFFECT OF INFLATION AND DEFLATION (5) THE EXPECTED TOTAL RETURN FROM INCOME AND THE APPRECIATION OF INVESTMENTS (6) OTHER RESOURCES OF THE SCHOOL (7) THE INVESTMENT POLICIES OF THE SCHOOL THE SCHOOL HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. ENDOWMENT ASSETS INCLUDE THOSE ASSETS OF DONOR-RESTRICTED FUNDS THAT THE SCHOOL MUST HOLD IN PERPETUITY OR FOR A DONOR-SPECIFIED PERIOD(S) AS WELL AS BOARD-DESIGNATED FUNDS. UNDER THIS POLICY, AS APPROVED BY THE BOARD OF TRUSTEES, THE ENDOWMENT ASSETS ARE INVESTED IN A SOCIALLY RESPONSIBLE MANNER THAT IS INTENDED TO PRODUCE RESULTS THAT EXCEED THE PRICE AND YIELD RESULTS OF THE S&P 500 INDEX WHILE ASSUMING A MODERATE LEVEL OF INVESTMENT RISK. THE SCHOOL EXPECTS ITS ENDOWMENT FUNDS, OVER TIME, TO PROVIDE AN AVERAGE RATE OF RETURN OF APPROXIMATELY 5% ANNUALLY. ACTUAL RETURNS IN ANY GIVEN YEAR MAY VARY FROM THIS AMOUNT. TO SATISFY ITS LONG-TERM RATE-OF-RETURN OBJECTIVES, THE SCHOOL RELIES ON A TOTAL RETURN STRATEGY IN WHICH INVESTMENT RETURNS ARE ACHIEVED THROUGH BOTH CAPITAL APPRECIATION (REALIZED AND UNREALIZED) AND CURRENT YIELD (INTEREST AND DIVIDENDS). THE SCHOOL TARGETS A DIVERSIFIED ASSET ALLOCATION THAT PLACES A GREATER EMPHASIS ON FIXED-INCOME INVESTMENTS TO ACHIEVE ITS LONG-TERM RETURN OBJECTIVES WITHIN PRUDENT RISK CONSTRAINTS. THE SCHOOL HAS A POLICY OF APPROPRIATING FOR DISTRIBUTION EACH YEAR UP TO 5% OF ITS ENDOWMENT FUND'S AVERAGE FAIR VALUE OVER THE PRIOR TWELVE QUARTERS. IN ESTABLISHING THIS POLICY, THE SCHOOL CONSIDERED THE LONG-TERM EXPECTED RETURN ON ITS ENDOWMENT. ACCORDINGLY, OVER THE LONG-TERM, THE SCHOOL EXPECTS THE CURRENT SPENDING POLICY TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS HELD IN PERPETUITY AS WELL AS TO PROVIDE ADDITIONAL REAL GROWTH THROUGH NEW GIFTS AND INVESTMENT RETURNS. FROM TIME TO TIME, THE FAIR VALUE OF ASSETS ASSOCIATED WITH INDIVIDUAL DONOR-RESTRICTED ENDOWMENT FUNDS MAY FALL BELOW THE LEVEL THAT THE DONOR OR UPMIFA REQUIRES THE SCHOOL TO RETAIN AS A FUND OF PERPETUAL DURATION. THE SCHOOL HAS A POLICY THAT PERMITS SPENDING FROM UNDERWATER ENDOWMENT FUNDS DEPENDING ON THE DEGREE TO WHICH THE FUND IS UNDERWATER, UNLESS OTHERWISE PRECLUDED BY DONOR INTENT OR RELEVANT LAWS AND REGULATIONS. THERE WERE NO SUCH DEFICIENCIES AS OF JUNE 30, 2023. PART X, LINE 2: THE SCHOOL IS A QUALIFIED ORGANIZATION EXEMPT FROM FEDERAL INCOME TAXES AND STATE FRANCHISE TAXES UNDER 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC") AND 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 TAXLIABILITY (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 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE NETTED AGAINST TUITION INCOME ON AUDIT REPORT 3,603,341. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE NETTED AGAINST TUITION INCOME ON AUDIT REPORT 3,603,341. 0 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL PUBLISHES ITS RACIALLY NONDISCRIMINATORY POLICY ON ITS WEBSITE ANNUALLY. THE NON DISCRIMINATION POLICY IS PUBLISHED ON ST. PAUL'S EPISCOPAL SCHOOL WEBSITE AT: HTTPS://WWW.SPES.ORG/ADMISSIONS AUCTION 184517 184517 0 184517 184517 1 TUITION ASSISTANCE 202 3603341 TUITION ASSISTANCE PART I, LINE 2: THE SCHOOL PROVIDES TUITION INDEXING GRANTS TO FAMILIES BASED ON FINANCIAL NEED. FAMILIES SUBMIT FINANCIAL INFORMATION TO NAIS'S SCHOOL AND STUDENT SERVICES SYSTEM. RECORDS OF TUITION INDEXING GRANTS ARE MAINTAINED AT THE SCHOOL FOR EACH STUDENT. X X X X 0 0 0 0 0 0 0 0 0 CHERYL TING HEAD OF SCHOOL 297705 0 0 0 0 0 8968 0 33796 0 340469 0 0 0 KENTON YOUNG DIRECTOR OF PROGRAMS 137972 0 0 0 0 0 0 0 37972 0 175944 0 0 0 EHETE TEQUAME CONTROLLER 114216 0 0 0 0 0 0 0 39249 0 153465 0 0 0 NICOLE START DIRECTOR OF FINANCE & OPER 135176 0 0 0 0 0 4179 0 12379 0 151734 0 0 0 NAYO BROOKS-SANTOS DIRECTOR OF LOWER SCHOOL 124558 0 0 0 0 0 0 0 25464 0 150022 0 0 0 A CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY 680164610 2020-06-18 6965000 SEE ATTACHED 0 0 0 A 6980000 105492 2020 1 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 0 0 0 0 0 1 A 1 SCH K, PART I, COLUMN F REFUND PREVIOUSLY ISSUED BONDS, TERMINATE A RELATED INTEREST RATE SWAP AGREEMENT, AND FUND RENOVATION AND IMPROVEMENTS OF SCHOOL PROPERTIES. THE REV DR MAURICIO J WILSON EX FR. WILSON IS THE RECTOR OF ST. PAUL'S EPISCOPAL CHURCH OAKLAND 194474 THE SCHOOL PAYS RENT TO ST. PAUL'S EPISCOPAL CHRUCH OAKLAND AND ALSO REIMBURSES THE CHURCH FOR CERTAIN OPERATING EXPENSES. 0 FORM 990, PART VI, SECTION A, LINE 7A THE SCHOOL IS AFFILIATED WITH ST. PAUL'S EPISCOPAL CHURCH OAKLAND, CALIFORNIA AS A PARISH INSTITUTION. THE CHURCH APPOINTS TWO EX-OFFICIO MEMBERS TO THE SCHOOL'S BOARD OF DIRECTORS; THE RECTOR OF THE CHURCH AND A VESTRY REPRESENTATIVE. FORM 990, PART VI, SECTION A, LINE 8B COMMITTEES DO NOT MAINTAIN WRITTEN MINUTES. DECISIONS ARE MADE AT THE FULL BOARD MEETINGS AND DOCUMENTED IN BOARD MINUTES. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD IS NOTIFIED AT THE NEXT BOARD MEETING THAT THE FORM 990 FOR THE MOST RECENT FISCAL YEAR IS COMPLETE AND FILED. THE BOARD CAN VIEW THE FILED FORM 990 AT ANYTIME IN THE BUSINESS OFFICE. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, BOARD MEMBERS IDENTIFY ANY CONFLICTS OF INTEREST WITH THE SCHOOL. CONFLICTS, IF ANY, ARE BROUGHT TO THE ATTENTION OF THE BOARD CHAIR. THE HEAD OF SCHOOL TRACKS COMPLIANCE WITH THIS POLICY. FORM 990, PART VI, SECTION B, LINE 15A THE SALARY FOR THE HEAD OF SCHOOL IS REVIEWED ANNUALLY BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. ALL OTHER SALARIES ARE REVIEWED AND APPROVED THROUGH THE ANNUAL BUDGET AT A DEPARTMENT LEVEL ONLY. FORM 990, PART VI, SECTION C, LINE 19 SUMMARY FINANCIAL INFORMATION IS MAILED TO THE SCHOOL COMMUNITY ANNUALLY. GOVERNING DOCUMENTS, INCLUDING BYLAWS, ARE AVAILABLE ON REQUEST. CONFLICT OF INTEREST POLICY DOCUMENTS ARE MAINTAINED BY THE BOARD OF TRUSTEES. FORM 990, PART XII, LINE 2C THERE HAS BEEN NO CHANGE FROM THE PRIOR YEAR. ST PAUL'S EPISCOPAL CHURCH OAKLAND 114 MONTECITO AVENUE OAKLAND CA 94610 RELIGION/CHURCH CA 501(C)(3) CHURCH 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 ST PAUL'S EPISCOPAL CHURCH OAKLAND K 97237 ST PAUL'S EPISCOPAL CHURCH OAKLAND P 97237