2024-05-13T14:05:41-05:00 2023-06-30 271155496 ROBERT LEE & ASSOCIATES LLP 999 W TAYLOR STREET STE A SAN JOSE CA 95126 990 2022-07-01 942634550 HILLSBOROUGH SCHOOLS FOUNDATION HILL 6503446685 300 EL CERRITO AVE HILLSBOROUGH CA 94010 CINDY PANCHULA PRESIDENT 6503446685 2024-05-10 1 CINDY PANCHULA XXX-XX-XXXX 0 X SCOTT R SMEAD P01208759 4088556770 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z CINDY PANCHULA 300 EL CERRITO AVE HILLSBOROUGH CA 94010 5765193 0 X WWW.HSF.ORG X 1979 CA THE PRIMARY GOAL OF THE ORGANIZATION IS TO PROVIDE SUPPLEMENTARY FINANCIAL SUPPORT FOR THE PUBLIC SCHOOLS OF HILLSBOROUGH, CALIFORNIA, WHEN FUNDING FROM PUBLIC AND OTHER SOURCES IS INADEQUATE TO PROVIDE HIGH QUALITY EDUCATIONAL PROGRAMS AND OPPORTUNITIES FOR THE CHILDREN OF THE COMMUNITY. USES FOR THIS FINANCIAL SUPPORT WOULD INCLUDE, BUT NOT BE LIMITED TO, THE DEVELOPMENT AND ENHANCEMENT OF EDUCATIONAL PROGRAMS, THE PURCHASE OF BOOKS, SPECIALIZED EQUIPMENT AND OTHER ACADEMIC MATERIALS, AND THE FUNDING OF PERSONNEL, SUCH AS CURRICULUM SPECIALISTS. AS PART OF ITS EFFORTS TO ACHEIVE THIS GOAL, THE FOUNDATION HAS ESTABLISHED AND MANAGES THE FRED SCHWARTZ ENDOWMENT FUND AS A SUPPLEMENTAL FINANCIAL RESOURCE FOR THE BENEFIT OF THE HILLSBOROUGH PUBLIC SCHOOLS. 22 22 3 200 0 0 4663594 4800841 0 0 956520 540734 53200 2145 5673314 5343720 3776201 3995318 0 0 260294 298083 0 0 131267 401791 492729 4438286 4786130 1235028 557590 16936233 18448776 3822818 3766418 13113415 14682358 X THE PRIMARY GOAL OF THE ORGANIZATION IS TO PROVIDE SUPPLEMENTARY FINANCIAL SUPPORT FOR THE PUBLIC SCHOOLS OF HILLSBOROUGH, CALIFORNIA, WHEN FUNDING FROM PUBLIC AND OTHER SOURCES IS INADEQUATE TO PROVIDE HIGH QUALITY EDUCTIONAL PROGRAMS AND OPPORTUNITIES FOR THE CHILDREN OF THE COMMUNITY. USES FOR THIS FINANCIAL SUPPORT WOULD INCLUDE, BUT NOT BE LIMITED TO, THE DEVELOPMENT AND ENHANCEMENT OF EDUCATIONAL PROGRAMS, THE PURCHASE OF BOOKS, SPECIALIZED EQUIPMENT AND OTHER ACEDEMIC MATERIALS, AND THE FUNDING OF PERSONNEL, SUCH AS CURRICULUM SPECIALISTS. AS PART OF ITS EFFORTS TO ACHIEVE THIS GOAL, THE FOUNDATION HAS ESTABLISHED AND MANAGES THE FRED SCHWARTZ ENDOWMENT FUND AS A SUPPLEMENTAL FINANCIAL RESOURCE FOR THE BENEFIT OF THE HILLSBOROUGH PUBLIC SCHOOLS. 0 0 3995318 3995318 ANNUAL GIVING CAMPAIGN IS AN ANNUAL FUND DRIVE TO PARENTS AND COMMUNITY. THE FUNDS RAISED ARE USED TO MAKE GRANTS TO HILLSBOROUGH CITY SCHOOL DISTRICT AS SUPPLEMENTAL FUNDING TO THE SCHOOL DISTRICT BUDGET. 3995318 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 11 0 3 1 0 0 0 0 0 1 1 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X CINDY PANCHULA 6503446685 300 EL CERRITO AVENUE HILLSBOROUGH CA 94010 AMY JASMER PRESIDENT 20.00 X 0 0 0 CINDY PANCHULA PRESIDENT-ELECT 4.00 X X 0 0 0 ANGELOS DASSIOS TREASURER 2.00 X X 0 0 0 LICIA DAVIDSON SECRETARY & GOVERNANCE 2.00 X X 0 0 0 HEATHER WILLIS CHAIR, ANNUAL GIVING CAMPAIGN 8.00 X X 0 0 0 ROMAN MARGOLIN CO-CHAIR, AUDIT & ENDOWMENT 2.00 X X 0 0 0 BRAD COOK CO-CHAIR, AUDIT & ENDOWMENT 2.00 X 0 0 0 KATIE SALMA CO-CHAIR, COMMUNICATIONS 4.00 X 0 0 0 NISHA AHLUWALIA CO-CHAIR, COMMUNICATIONS 4.00 X 0 0 0 BESSIE SEYBOLD CHAIR, COMMUNITY CAMPAIGN 2.00 X 0 0 0 AMY REISENBERG CHAIR, CORPORATE OUTREACH 2.00 X 0 0 0 LISA DUFFELL CO-CHAIR, EVENTS 3.00 X 0 0 0 SARA HESTON CO-CHAIR, EVENTS 3.00 X 0 0 0 MARCY DUTTON SEGRE CHAIR, LEGACY GIVING 1.00 X 0 0 0 MARLO STROUD CHAIR, NOMINATING 2.00 X 0 0 0 ERIN SCHAEFER CO-CHAIR, PARENT CAMPAIGN 3.00 X 0 0 0 JESSICA ZUCKER CO-CHAIR, PARENT CAMPAIGN 3.00 X 0 0 0 LESLIE HUIE CHAIR, PERSONNEL 2.00 X 0 0 0 JOHN COUCH CHAIR, SCHOLARS' CIRCLE 2.00 X 0 0 0 STEVE JUNO CHAIR, STRATEGIC PLANNING 2.00 X 0 0 0 BREIGH MCCALL PAST PRESIDENT 2.00 X 0 0 0 MARY ANN HASENSTAB APG PRESIDENT 2.00 X X 0 0 0 LEIGH ROSLANSKY ADVISOR TO EXECUTIVE DIRECTOR 2.00 X 0 0 0 ALICIA ISERO EXECUTIVE DIRECTOR 40.00 X 68750 0 0 GILBERT WAI SCHOOL BOARD LIAISON 0.00 20.00 X 0 0 0 LOUANN CARLOMAGNO SUPERINTENDENT 0.00 40.00 X 0 0 0 68750 0 0 0 0 0 0 0 582240 76253 4142348 325187 4800841 549800 549800 214187 223253 -9066 -9066 -9066 198220 582240 198220 0 OTHER REVENUE 900099 2145 2145 2145 5343720 0 0 542879 3995318 3995318 253363 162457 90906 25859 13697 12162 18861 11882 6979 41511 41511 18224 18224 222301 221740 561 1743 1134 609 1610 1610 8340 8340 1339 1339 BAD DEBT 54150 54150 BANK FEES 51598 51598 SUPPLIES 37994 37994 SOFTWARE & IT 28856 19369 9487 25063 14500 10563 4786130 3995318 659545 131267 2459432 2412220 25025 30820 22639 97864 28838 28838 0 0 14429137 15907872 16936233 18448776 47261 58718 3775557 3707700 3822818 3766418 X 7093166 14668658 6020249 13700 13113415 14682358 16936233 18448776 557590 1011353 0 X X 0 1 X 1 0 X 4246333 3927243 3719151 4663594 4142348 20698669 4246333 3927243 3719151 4663594 4142348 20698669 20698669 340127 357191 367864 500701 540734 2106617 6536 3809 2270 2271 2145 17031 22822317 0.90690 0.91680 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: SCRIP INCOME - 2018 AMOUNT: $ 3,720. 2019 AMOUNT: $ 2,809. 2020 AMOUNT: $ 2,120. 2021 AMOUNT: $ 2,271. 2022 AMOUNT: $ 2,145. MISCELLANEOUS - 2018 AMOUNT: $ 2,000. 2019 AMOUNT: $ 1,000. 2020 AMOUNT: $ 150. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 0. HSF SHOPPING - 2018 AMOUNT: $ 816. 2019 AMOUNT: $ 0. 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 0. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12069544 1316085 1283029 0 14668658 14648207 9338 -2421604 166397 12069544 10801539 5025 3945882 104239 14648207 10509528 31812 359194 98995 10801539 9960738 16750 622968 90928 10509528 1.00000 0.00000 0.00000 0 0 28838 28838 0 0 X 6371047 1011351 34200 1045551 5325496 18224 18224 5343720 4802106 34200 34200 4767906 18224 18224 4786130 PART V, LINE 4: THE FOUNDATION'S ENDOWMENT CONSISTS OF FUNDS ESTABLISHED TO PROVIDE A STABLE, LONG-TERM SOURCE OF FUNDING TO HILLSBOROUGH CITY SCHOOL DISTRICT AND TO PROVIDE FUNDS FOR CURRENT OPERATING NEEDS. PART X, LINE 2: U.S. GAAP REQUIRES THE FOUNDATION TO EVALUATE TAX POSITIONS TAKEN BY THE FOUNDATION AND RECOGNIZE A TAX LIABILITY IF THE FOUNDATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE APPLICABLE TAX AUTHORITY. THE FOUNDATION HAS REVIEWED ITS TAX POSITIONS FOR ALL OPEN TAX YEARS AND BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR THE TAX POSITIONS TAKEN. THEREFORE, NO LIABILITY HAS BEEN RECORDED. PART XII, LINE 2D - OTHER ADJUSTMENTS: IN KIND PRINTING 15,000. IN KIND RENT 19,200. PART X, LINE 2 U.S. GAAP REQUIRES THE FOUNDATION TO EVALUATE TAX POSITIONS TAKEN BY THE FOUNDATION AND RECOGNIZE A TAX LIABILITY IF THE FOUNDATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE APPLICABLE TAX AUTHORITY. THE FOUNDATION HAS REVIEWED ITS TAX POSITIONS FOR ALL OPEN TAX YEARS AND BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR THE TAX POSITIONS TAKEN. THEREFORE, NO LIABILITY HAS BEEN RECORDED. CLASSIC 157284 145991 11293 11293 DINNER DANCE 585947 420667 165280 110000 55280 1 37229 15582 21647 21647 780460 582240 198220 110000 88220 198220 0 1 HILLSBOROUGH CITY SCHOOL DISTRICT 300 EL CERRITO AVE HILLSBOROUGH CA 94010 943087831 3965318 0 GENERAL SUPPORT ASSOCIATED PARENTS - HCSD 300 EL CERRITO AVE HILLSBOROUGH CA 94010 943087831 30000 0 GENERAL SUPPORT PART I, LINE 2: USE OF GRANT FUNDS IS NOT BEING MONITORED DIRECTLY BY THE FOUNDATION. IT IS OVERSEEN BY THE HILLSBOROUGH CITY SCHOOL DISTRICT'S SCHOOL BOARD. X 1000 FAIR MARKET VALUE X 214187 QUOTED MARKET PRICE X BALL GAME TICKETS, WATCHES, DINNER 18 110000 FAIR MARKET VALUE 0 1 0 PART 1, LINE 25 THESE ARE DONATED ITEMS SUCH AS BALL GAME TICKETS, ROLEX WATCH, DINNER EVENTS, GOLF OUTING, VACATION RENTALS, ETC FOR LIVE AUCTION AT THE ORGANIZATION'S SPECIAL EVENTS WITH A DONATED VALUE OF $110,000. AMOUNTS REPORTED ON THIS LINE IS BASED ON THE NUMBER OF CONTRIBUTIONS RECEIVED. PART 1, LINE 9B THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED FOR NONCASH STOCK DONATIONS. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS PROVIDED TO ALL DIRECTORS OF THE ORGANIZATION PRIOR TO FILING. THE AUDIT COMMITTEE WHO HAS BEEN CHARGED WITH THE RESPONSIBILITY OF REVIEWING AND APPROVING THE FORM 990 ON BEHALF OF THE BOARD REVIEWS AND APPROVES THE FORM 990 PRIOR TO IT BEING FILED. IN ADDITION, MANAGEMENT OF THE ORGANIZATION REVIEWS THE COMPLETED FORM 990 AND FOLLOWS UP WITH THE TAX PREPARATION FIRM TO ANSWER ANY QUESTIONS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. EACH DIRECTOR AND EXECUTIVE OFFICER OF THE ORGANIZATION AND EACH MEMBER OF A COMMITTEE WITH BOARD-DELEGATED POWERS ANNUALLY SIGN THE CONFLICT OF INTEREST STATEMENT AND DISCLOSURE FORM. THE BOARD OF DIRECTORS REVIEWS AND DETERMINES IF ANY CONFLICTS OF INTEREST EXIST AND TAKES THE APPROPRIATE ACTION AS OUTLINED IN THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 A COPY OF THE FORM 990 IS PROVIDED TO ALL DIRECTORS OF THE ORGANIZATION PRIOR TO FILING. THE AUDIT COMMITTEE WHO HAS BEEN CHARGED WITH THE RESPONSIBILITY OF REVIEWING AND APPROVING THE FORM 990 ON BEHALF OF THE BOARD REVIEWS AND APPROVES THE FORM 990 PRIOR TO IT BEING FILED. IN ADDITION, MANAGEMENT OF THE ORGANIZATION REVIEWS THE COMPLETED FORM 990 AND FOLLOWS UP WITH THE TAX PREPARATION FIRM TO ANSWER ANY QUESTIONS PRIOR TO FILING. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, FORMS 990 (CURRENT AND PRIOR THREE YEARS) AND AUDITED FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON WRITTEN OR ORAL REQUEST AT THE FOUNDATION'S OFFICE. WE DO NOT MAKE OUR CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC. FORM 990, PART XII, LINE 2C: NO CHANGE FROM PRIOR YEAR.