2014-06-16T11:12:27-05:00 2013-07-31 450250958 EIDE BAILLY LLP 5299 DTC BLVD SUITE 1000 GREENWOOD VILLAGE CO 80111 990 2012-08-01 742325997 STANLEY BRITISH PRIMARY SCHOOL STAN 3033600803 350 QUEBEC STREET DENVER CO 80230 KEVIN MAMMEL 3033600803 2014-06-11 1 KYLE FRITCH CPA P01313374 3037705700 2014-06-11 2012 2015-11-30 17:44:51Z TIM BARRIER 350 QUEBEC STREET DENVER CO 80230 10300471 0 X WWW.STANLEYBPS.ORG X 1984 CO PROVIDE K-8 EDUCATION TO STUDENTS FROM DIVERSE SOCIOECONOMIC, ETHNIC, AND RACIAL BACKGROUNDS. 16 16 223 450 0 0 896499 1403055 7921812 8324235 683658 147695 72507 381568 9574476 10256553 1382630 1379755 0 0 5953976 6136051 0 0 482856 2599165 2738987 9935771 10254793 -361295 1760 17727643 18777030 4190327 4694478 13537316 14082552 X OUR MISSION IS TO ENGAGE, CHALLENGE, AND INSPIRE CHILDREN TO REACH THEIR POTENTIAL AND DEVELOP THEIR OWN VOICES WITHIN AN INCLUSIVE, DIVERSE, AND COLLABORATIVE COMMUNITY THAT VALUES DISTINCT CONTRIBUTIONS AND ABILITIES. WE PREPARE TEACHERS TO IMPLEMENT OUR VISION, MISSION, AND VALUES, AND WE SHARE OUR EDUCATIONAL APPROACH WITH THE LARGER COMMUNITY. 0 0 6617672 1336755 7634534 STANLEY BRITISH PRIMARY SCHOOL (STANLEY) IS A K-8, INDEPENDENT SCHOOL, FOUNDED ON THE PRINCIPLE THAT EVERY CHILD CAN SUCCEED WHEN SKILLED TEACHERS USE CHILDREN'S NATURAL CURIOSITY AND IMAGINATION AS SPRINGBOARDS FOR LEARNING. STANLEY SERVES STUDENTS FROM DIVERSE SOCIOECONOMIC, ETHNIC, AND RACIAL BACKGROUNDS AND IS RECOGNIZED THROUGHOUT THE STATE AS A MODEL FOR ACTIVE LEARNING AND PARENTAL INVOLVEMENT. AS A "PRIVATE SCHOOL WITH A PUBLIC MISSION", STANLEY FACILITATES THE USE OF THE BRITISH PRIMARY APPROACH IN THE WIDER COMMUNITY, PRIMARILY THROUGH ITS WORK IN TEACHER TRAINING, AND THE ESTABLISHMENT OF DEMONSTRATION CLASSROOMS IN THE PUBLIC SCHOOL SYSTEM AND OTHER PRIVATE SCHOOLS. THERE WERE 428 STUDENTS ENROLLED IN THIS PROGRAM FOR THE 2012 - 2013 SCHOOL YEAR. 683097 43000 332125 STANLEY OFFERS YEAR LONG INTERNSHIPS AND COURSE WORK TO COLLEGE GRADUATES SEEKING TO DEEPEN THEIR KNOWLEDGE OF TEACHING AND THE BRITISH PRIMARY APPROACH. INTERNS WORK FULL-TIME IN THE CLASSROOM ALONGSIDE EXPERIENCED STANLEY MENTORS. EACH YEAR, OVER THIRTY INTERNS ARE PLACED IN STANLEY'S PRIVATE AND PUBLIC CLASSROOMS. AS A DESIGNATED AGENCY OF COLORADO'S ALTERNATIVE TEACHER LICENSURE PROGRAM, STANLEY RECOMMENDS ITS GRADUATED INTERNS FOR THE CERTIFICATION THEY NEED TO TEACH IN COLORADO PUBLIC SCHOOLS. ADDITIONALLY, STANLEY, IN PARTNERSHIP WITH THE UNIVERSITY OF COLORADO AT DENVER, HAS DEVELOPED A MASTER'S DEGREE OPTION FOR ITS INTERNS, THROUGH WHICH THEY RECEIVE GRADUATE CREDITS FOR THEIR INTERNSHIP EXPERIENCE AND COURSE WORK. THERE WERE 47 TEACHERS ENROLLED IN THIS PROGRAM FOR THE 2012 - 2013 SCHOOL YEAR. 614210 753130 STANLEY OFFERS A NURTURING ENVIRONMENT OF BEFORE AND AFTER-SCHOOL CARE FOR ENROLLED STUDENTS. EXTENDED DAY AND ENRICHMENT ARE AN EXTENSION OF ITS CHALLENGING, EXPERIENTIAL LEARNING PROGRAM. THERE WERE APPROXIMATELY 200 STUDENTS ENROLLED IN THIS PROGRAM FOR THE 2012-2013 SCHOOL YEAR. IN ADDITION, STANLEY OFFERS A SUMMER CAMP EXPERIENCE FOR ENROLLED STUDENTS AND THE GREATER COMMUNITY FOR SEVEN WEEKS EACH SUMMER. THE "SUMMER AT STANLEY" PROGRAM IS DESIGNATED TO REFLECT STANLEY'S EDUCATIONAL VALUES, VISION, AND COMMITMENT. PROGRAMS RANGE FROM ACADEMIC TO RECREATIONAL AND ARE DESIGNED FOR SPECIFIC CHILD DEVELOPMENT LEVELS. THERE WERE 800 STUDENTS ENROLLED IN THIS PROGRAM FOR THE 2012 - 2013 SCHOOL YEAR. 7914979 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 0 1 1 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 112 0 1 223 1 0 0 0 0 0 0 0 0 0 0 X 16 16 1 0 0 1 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CO X X X LAURIE SALTZMAN 3033600803 350 QUEBEC STREET DENVER CO 80230 BUFFY NAAKE 4.00 X X 0 0 0 NATASHA GARFIELD 4.00 X X 0 0 0 KAREN ONDERKO 4.00 X X 0 0 0 KEVIN MAMMEL 4.00 X X 0 0 0 TIM BARRIER 40.00 X X 160498 0 16360 MATT BARBER 40.00 X 83914 0 4752 KATIE BOSTON 40.00 X 55652 0 6863 FRANK CALLAHAN 4.00 X 0 0 0 ROXANNE JENSEN 4.00 X 0 0 0 MIKE KIMBEL 4.00 X 0 0 0 STEPHANIE PENCE 4.00 X 0 0 0 JENNIFER KORMAN 4.00 X 0 0 0 SUSAN SAVA 40.00 X 75826 0 38857 CLARK SHAW 4.00 X 0 0 0 MONICA SIMMONS 4.00 X 0 0 0 BONNIE UTLEY 4.00 X 0 0 0 KARLENE BURRELL 4.00 X 0 0 0 SAM SHARP 4.00 X 0 0 0 WADE VAGLE 4.00 X 0 0 0 TAMMY THEMEL 4.00 X 0 0 0 375890 0 66832 1 0 1 0 J & G CLEANING 20732 38TH PLACE DENVER CO 80249 JANITORIAL SERVICES 160821 1 113837 1289218 102837 1403055 TUITION AND FEES 611110 7738321 7738321 TEACHER TRAINING PROGRAM 611110 332125 332125 FUNDRAISING INCOME 611110 253789 253789 8324235 147695 147695 78409 0 78409 78409 78409 29932 113837 43918 -13986 -13986 INSURANCE RECOVERY 611110 317145 317145 317145 10256553 8719789 0 133709 1379755 1379755 436792 211199 171256 54337 4569892 3671718 705900 192274 156487 131997 20671 3819 635625 522289 95752 17584 337255 260530 65133 11592 20310 20310 73310 73310 27997 27997 195767 171009 22701 2057 2596 2596 172526 171650 876 50678 40570 10018 90 456577 410919 45658 47534 47534 7198 7198 10338 10338 486100 437490 48610 45037 40533 4504 EXTRA CURRICULAR ACTIVI 585034 40439 360554 184041 MATERIALS & SUPPLIES 235844 235844 0 0 HOT LUNCH - FOOD SERVIC 173116 173116 0 0 OTHER PROGRAM EXPENSE 132839 132839 0 0 16186 16186 10254793 7914979 1856958 482856 888782 864934 1021009 901942 117194 135376 40466 119720 16513679 4564214 12314615 11949465 3345577 4488448 0 317145 17727643 18777030 678014 763597 2902466 3558923 578739 349955 31108 22003 4190327 4694478 X 12123131 12393982 604179 717881 810006 970689 13537316 14082552 17727643 18777030 1760 543476 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3705443 444284 650112 101720 4698119 3650674 270416 -110647 105000 3705443 1998330 1577783 149561 75000 3650674 1821011 214146 36827 1998330 0.78900 0.21100 0 0 2204281 2204281 12610317 3397924 9212393 624827 412604 212223 1074254 753686 320568 11949465 DEFERRED LEASE INCENTIVE 22003 22003 X 9267909 543476 7984 551460 8716449 27997 1512107 1540104 10256553 8722673 7984 7984 8714689 27997 1512107 1540104 10254793 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE SCHOOL'S ENDOWMENT IS COMPRISED OF THREE FUNDS ESTABLISHED BY DONORS TO PROVIDE FUNDING FOR SPECIFIC ACTIVITIES OF THE SCHOOL AS NEEDED. THE ENDOWMENT ALSO INCLUDES CERTAIN UNRESTRICTED NET ASSETS DESIGNATED FOR ENDOWMENT BY THE SCHOOL'S BOARD OF TRUSTEES. NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD OF TRUSTEES, ARE REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE SCHOOL IS ORGANIZED AS A COLORADO NONPROFIT CORPORATION AND HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3). THE SCHOOL QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A)(VI), AND HAS BEEN DETERMINED NOT TO BE A PRIVATE FOUNDATION UNDER SECTION 509(A)(1). THE SCHOOL IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, THE SCHOOL IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO ITS EXEMPT PURPOSES. THE SCHOOL HAS DETERMINED IT IS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAX AND HAS NOT FILED AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) WITH THE IRS. THE SCHOOL BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE SCHOOL WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. PART XI, LINE 4B - OTHER ADJUSTMENTS: $1,379,755 - TUITION ASSISTANCE NETTED WITH INCOME ON FINANCIALS $132,352 - FUNDRAISING & DEVELOPMENT COSTS NETTED WITH INCOME ON FINANCIALS PART XII, LINE 4B - OTHER ADJUSTMENTS: $1,379,755 - TUITION ASSISTANCE NETTED WITH INCOME ON FINANCIALS $132,352 - FUNDRAISING & DEVELOPMENT COSTS NETTED WITH INCOME ON FINANCIALS 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 ADVERTISEMENTS IN NEWSPAPERS OF GENERAL CIRCULATION DURING ENROLLMENT PERIODS. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVED FUNDS IN THE FORM OF A FORGIVABLE LOAN UNDER THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT'S "HOME" PROGRAM TO REHABILITATE AN APARTMENT HOUSING BUILDING ON IT'S CAMPUS. THE LOAN WAS PASSED THROUGH TO THE SCHOOL FROM THE CITY AND COUNTY OF DENVER. AUCTION 143769 113837 29932 5408 38510 143769 113837 29932 5408 38510 43918 -13986 1 TUITION AND FEES ASSISTANCE 134 1379755 BOOK PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: APPLICATIONS FOR TUITION ASSISTANCE ARE CONSIDERED INDEPENDENT OF THE ADMISSION PROCESS AND AWARDED SOLELY ON THE BASIS OF NEED, USING THE FAMILY'S TUITION ASSISTANCE APPLICATION, TAX RETURNS, AND ANALYSIS PROVIDED BY THE SCHOOL AND SCHOLASTIC SERVICES AS GUIDELINES. STANLEY BRITISH PRIMARY SCHOOL'S FINANCIAL AID COMMITTEE MAKES ALL TUITION AID DECISIONS AND MEETS ON A REGULAR BASIS PRIOR TO CONTRACTS BEING MAILED. GRANT FUNDS ARE APPLIED DIRECTLY TO STUDENTS' TUITION ACCOUNTS, SO THEY ARE AUTOMATICALLY APPLIED TO TUITION, FEES AND/OR OTHER SCHOOL RELATED EXPENSES. THERE IS NO OPPORTUNITY FOR GRANT FUNDS TO BE USED FOR OTHER PURPOSES. X X X 0 0 0 0 0 0 0 0 0 TIM BARRIER 160050 0 0 0 448 0 0 0 17139 0 177637 0 0 0 LLOYD SLEVC FORMER BUSINESS MANAGER EMBEZZLEMENT 0 86141 0 19739 NEED-BASED TUITION ASSISTANCE 39340 TUITION REMISSION TUITION ASSISTANCE SCHEDULE L, PART I, LINE 1C, EXCESS BENEFIT TRANSACTIONS: IN FEBRUARY OF 2013 THE SCHOOL'S BUSINESS DEPARTMENT NOTICED SUSPICIOUS TRANSACTIONS IN THEIR OPERATING ACCOUNTS. AT THAT POINT, THE SCHOOL ENGAGED AN ACCOUNTING FIRM TO CONDUCT A FORENSIC AUDIT. THE AUDIT UNCOVERED SIGNIFICANT DIVERSIONS OF THE SCHOOLS ASSETS OVER A PERIOD OF SEVEN YEARS. RECORDS WERE REVIEWED FROM JANUARY 1, 2006 THROUGH DECEMBER 31, 2012 (THE NUMBER OF YEARS THE SCHOOL COULD GET RECORDS FROM THE BANK). BASED ON THE FINDINGS OF THE AUDIT THE FORMER BUSINESS MANAGER OF THE SCHOOL, WHO WAS NO LONGER EMPLOYED BY THE SCHOOL WHEN THE SITUATION WAS DISCOVERED, HAD TRANSFERRED FUNDS FROM THE SCHOOL'S OPERATING ACCOUNTS TO HIS PERSONAL AND BUSINESS BANK ACCOUNTS OVER THE TIME PERIOD REVIEWED. THE TOTAL AMOUNT OF FUNDS TRANSFERRED WAS DETERMINED TO BE $344,563 BASED ON THE FORENSIC AUDIT REPORT. IMMEDIATELY AFTER THE DIVERSION OF ASSETS WAS DISCOVERED THE SCHOOL IMPLEMENTED A NUMBER OF CONTROLS IN THEIR OPERATIONS TO KEEP THIS TYPE OF ACTIVITY FROM HAPPENING AGAIN.THE SCHOOL FILED A CLAIM WITH THEIR INSURANCE COMPANY FOR THE EMBEZZLEMENT OF ASSETS AND RECEIVED $317,145 IN DECEMBER OF 2013 FROM THE CLAIM. IN ADDITION, THE FORMER BUSINESS MANAGER PLED GUILTY TO THEFT (CLASS 3 FELONY) AND RECEIVED 8 YEARS ECONOMIC CRIME PROBATION WITH 90 DAYS OF JAIL TIME AND WAS ORDERED TO PAY $100,096 IN RESTITUTION TO THE SCHOOL. X TRIPS, GIFT CARDS, CLOTHING, ETC. 299 102837 SELLING PRICE 0 0 0 0 FORM 990, PART VI, SECTION A, LINE 1 THE HEAD OF SCHOOL, THE HEAD OF THE SBPS TEACHER PREPARATION PROGRAM, AND TWO REPRESENTATIVES OF THE FACULTY, ONE FROM EACH OF GRADES K-5 AND GRADES 6-8, AS SELECTED BY THE FACULTY FROM TIME TO TIME, SHALL BE NON-VOTING MEMBERS OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 1 THE ORGANIZATION IS MANAGED BY AN EXECUTIVE COMMITTEE COMPRISED OF THE PRESIDENT, VICE PRESIDENT, PRESIDENT-ELECT, TREASURER, SECRETARY, AND SUCH OTHER PERSONS, WHO MAY OR MAY NOT BE MEMBERS OF THE BOARD, AS THE PRESIDENT APPOINTS. BETWEEN MEETINGS OF THE ORGANIZATION'S BOARD THE EXECUTIVE COMMITTEE SHALL BE EMPOWERED TO DO ALL ACTS AND PERFORM ALL FUNCTIONS WHICH THE BOARD OF TRUSTEES MAY ITSELF, AS WELL AS PERFORM SUCH ACTS OR FUNCTIONS AS ARE NECESSARY FOR THE OPERATION AND MANAGEMENT OF THE SCHOOL. FORM 990, PART VI, SECTION A, LINE 2 WADE VAGEL AND KAREN ONDERKO HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 5 IN FEBRUARY OF 2013 THE SCHOOL'S BUSINESS DEPARTMENT NOTICED SUSPICIOUS TRANSACTIONS IN THEIR OPERATING ACCOUNTS. AT THAT POINT, THE SCHOOL ENGAGED AN ACCOUNTING FIRM TO CONDUCT A FORENSIC AUDIT. THE AUDIT UNCOVERED SIGNIFICANT DIVERSIONS OF THE SCHOOLS ASSETS OVER A PERIOD OF SEVEN YEARS. RECORDS WERE REVIEWED FROM JANUARY 1, 2006 THROUGH DECEMBER 31, 2012 (THE NUMBER OF YEARS THE SCHOOL COULD GET RECORDS FROM THE BANK). BASED ON THE FINDINGS OF THE AUDIT THE FORMER BUSINESS MANAGER OF THE SCHOOL, WHO WAS NO LONGER EMPLOYED BY THE SCHOOL WHEN THE SITUATION WAS DISCOVERED, HAD TRANSFERRED FUNDS FROM THE SCHOOL'S OPERATING ACCOUNTS TO HIS PERSONAL AND BUSINESS BANK ACCOUNTS OVER THE TIME PERIOD REVIEWED. THE TOTAL AMOUNT OF FUNDS TRANSFERRED WAS DETERMINED TO BE $344,563 BASED ON THE FORENSIC AUDIT REPORT. IMMEDIATELY AFTER THE DIVERSION OF ASSETS WAS DISCOVERED THE SCHOOL IMPLEMENTED A NUMBER OF CONTROLS IN THEIR OPERATIONS TO KEEP THIS TYPE OF ACTIVITY FROM HAPPENING AGAIN. THE SCHOOL FILED A CLAIM WITH THEIR INSURANCE COMPANY FOR THE EMBEZZLEMENT OF ASSETS AND RECEIVED $317,145 IN DECEMBER OF 2013 FROM THE CLAIM. IN ADDITION, THE FORMER BUSINESS MANAGER PLED GUILTY TO THEFT (CLASS 3 FELONY) AND RECEIVED 8 YEARS ECONOMIC CRIME PROBATION WITH 90 DAYS OF JAIL TIME AND WAS ORDERED TO PAY $100,096 IN RESTITUTION TO THE SCHOOL. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED AND TIED TO THE AUDITED FINANCIAL STATEMENTS AND SUPPORTING DOCUMENTS BY THE DIRECTOR OF FINANCE AND OPERATIONS. AFTER HER REVIEW IT IS SENT TO THE TREASURER OF THE BOARD FOR REVIEW AND APPROVAL BEFORE SIGNING AND FILING. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, TRUSTEES, AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE, ANNUALLY, INTERESTS THAT COULD GIVE RISE TO CONFLICTS. THE PRESIDENT/CHAIR OF THE BOARD OF TRUSTEES REGULARLY AND CONSISTENTLY MONITORS COMPLIANCE WITH THE POLICY. SHOULD A CONFLICT ARISE, THE OFFICER, TRUSTEE, OR KEY EMPLOYEE IS ASKED TO RESOLVE THE POTENTIAL CONFLICT, OR IF NOT ABLE TO RESOLVE IT, THEY ARE ASKED TO RESIGN. FORM 990, PART VI, SECTION B, LINE 15 ANNUAL COMPENSATION REVIEW FOR THE SCHOOL'S EXECUTIVE EMPLOYEES IS CONDUCTED BY A COMMITTEE OF THE BOARD OF TRUSTEES. COMPARATIVE DATA IS OBTAINED FROM LOCAL AND NATIONAL ASSOCIATIONS FOR COMPARABLE DATA AND THE COMMITTEE SUBSTANTIATES THE DELIBERATION CONTEMPORANEOUSLY. THE SAME COMPENSATION PROCESS MENTIONED ABOVE IS ALSO USED FOR OTHER OFFICERS AND KEY EMPLOYEES OF THE ORGANIZATION. THE LAST ANNUAL REVIEW WAS ON APRIL 2013. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC ON THE SCHOOL'S WEBSITE, AT THE SCHOOL'S PRINCIPAL OFFICE, AND UPON REQUEST.