2024-04-17T09:18:38-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 2210 EAST ROUTE 66 GLENDORA CA 91740 990 2022-07-01 951641456 POLYTECHNIC SCHOOL POLY 6263966300 1030 E CALIFORNIA BLVD PASADENA CA 91106 KEITH HUYSSOON CFO 6263966351 2024-04-15 1 KEITH HUYSSOON 999009999 1 DERRICK DEBRUYNE P00591016 6268577300 2024-04-03 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z JOHN BRACKER 1030 E CALIFORNIA BLVD PASADENA CA 91106 53772017 0 X WWW.POLYTECHNIC.ORG X 1907 CA POLYTECHNIC IS AN INDEPENDENT, COEDUCATIONAL, DAY SCHOOL FOR APPROXIMATELY 870 STUDENTS. 24 21 486 150 0 0 10900706 11802624 32905677 35221793 3137277 6016363 352224 395213 47295884 53435993 5521800 5970092 0 0 27234086 28721871 0 0 2213893 11594809 12751386 44350695 47443349 2945189 5992644 162537021 176532983 6088404 8770506 156448617 167762477 X THE MISSION OF POLYTECHNIC SCHOOL IS TO DEVELOP THE UNIQUE INTELLECT, TALENTS, AND CHARACTER OF EACH STUDENT IN A COMMUNITY DEDICATED TO ACADEMIC EXCELLENCE, PERSONAL RESPONSIBILITY, AND SERVICE TO OTHERS. THE SCHOOL ENVISIONS A COMMUNITY OF STUDENTS, INSPIRED BY TRANSFORMATIVE TEACHING, WHO WILL CONTRIBUTE PROFOUNDLY TO THE WORLD AS INTELLECTUAL LEADERS. 0 0 37976694 5970092 35221793 POLYTECHNIC SCHOOL IS AN INDEPENDENT, COEDUCATIONAL DAY SCHOOL FOR APPROXIMATELY 870 STUDENTS IN KINDERGARTEN THROUGH GRADE TWELVE. THE SCHOOL WAS ESTABLISHED IN 1907 AND IS LOCATED ON A 15 ACRE CAMPUS IN PASADENA, CALIFORNIA. THE SCHOOL OFFERS A STRONG ACADEMIC PROGRAM, ACTIVITIES BEYOND THE CLASSROOM INCLUDING ATHLETICS, OUTDOOR EDUCATION, COMMUNITY SERVICE, AND THE VISUAL AND PERFORMING ARTS. THE SCHOOL STRIVES TO REFLECT THE CULTURAL, ETHNIC AND ECONOMIC DIVERSITY PRESENT IN THE PASADENA AND SAN GABRIEL VALLEY AREA. THE SCHOOL OFFERS SMALL CLASSES WHICH ENCOURAGE DEEP STUDENT-FACULTY INTERACTION, FACILITIES THAT ENHANCE THE ABILITY OF THE FACULTY TO TEACH, AND OPPORTUNITIES FOR FACULTY DEVELOPMENT. 37976694 1 1 0 0 0 0 0 0 1 1 1 1 0 0 1 1 1 0 1 0 0 1 0 0 1 0 0 0 1 1 0 0 0 0 1 0 1 0 1 0 0 0 0 1 0 0 0 1 186 0 1 486 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 24 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X KEITH HUYSSOON 6263966300 1030 E CALIFORNIA BLVD PASADENA CA 91106 MOLZ TODD BOARD CHAIR 5.00 X X 0 0 0 CARDENAS ROSALINA SECRETARY 5.00 X X 0 0 0 SABBAG MARGARET TREASURER 5.00 X X 0 0 0 CALLAHAN EZRA VICE CHAIR 5.00 X X 0 0 0 SINGLA SONIA VICE CHAIR 5.00 X X 0 0 0 ANSARI MOHSIN TRUSTEE 5.00 X 0 0 0 ARCHIBONG KOKO TRUSTEE 5.00 X 0 0 0 BRATHWAITE KWAME TRUSTEE 5.00 X 0 0 0 CEVA KRISTIN TRUSTEE 5.00 X 0 0 0 CHOI HENRY TRUSTEE 5.00 X 0 0 0 DESAI PRIYA TRUSTEE 5.00 X 0 0 0 HOLDSWORTH MARK TRUSTEE 5.00 X 0 0 0 HSIEH MING TRUSTEE 5.00 X 0 0 0 HUDNUT ALEXANDER TRUSTEE 5.00 X 0 0 0 LONGORIA ROBERTO TRUSTEE 5.00 X 0 0 0 LIU STANLEY TRUSTEE 5.00 X 0 0 0 MACPHERSON LORI TRUSTEE 5.00 X 0 0 0 MCDONALD JUDITH TRUSTEE 5.00 X 0 0 0 NELSON NASH DENISE TRUSTEE 5.00 X 0 0 0 PRADO MARICRUZ TRUSTEE 5.00 X 0 0 0 RICE PETER TRUSTEE 5.00 X 0 0 0 RODRIGUEZ ELISA TRUSTEE 5.00 X 0 0 0 RUSSO ANTHONY TRUSTEE 5.00 X 0 0 0 VALENTI COURTENAY TRUSTEE 5.00 X 0 0 0 BRACKER JOHN HEAD OF SCHOOL 60.00 X 501618 0 166753 HUYSSOON KEITH CHIEF FINANCIAL OFFICER 50.00 X 272683 0 44078 MELGOZA JOSE UPPER SCHOOL DIRECTOR 50.00 X 231630 0 35924 WU LISA ADMISSIONS DIRECTOR/ASSISTANT HEAD OF SCHOOL 50.00 X 236067 0 29708 THOMPSON SHARON ASSISTANT HEAD OF SCHOOL 50.00 X 214481 0 25394 ROBBINS MEREDITH ADVANCEMENT DIRECTOR 50.00 X 212158 0 35454 FAY JONATHAN SUMMER SCHOOL DIRECTOR/FACULTY 50.00 X 207915 0 29685 1876552 0 366996 80 0 1 0 TUMBLEWEED TRANSPORTATION PO BOX 49291 LOS ANGELES CA 90049 BUS TRANSPORTATION 212879 PERRY C THOMAS CONSTRUCTION INC 240 W DUARTE ROAD MONROVIA CA 91016 CONSTRUCTION 200786 LH PRODUCTIONS PO BOX 70485 PASADENA CA 91117 SOUND PRODUCTION 180374 SCOOT EDUCATION 3839 MAIN STREET CULVER CITY CA 90232 TEMPORARY AGENCY 170284 BEVARIS ALLIANCE 17229 TENNYSON PLACE GRANADA HILLS CA 91344 FOOD SERVICE 159876 7 11802624 2147272 11802624 TUITION AND FEES 611710 33091616 33091616 SUMMER SCHOOL 611710 1910468 1910468 AFTER SCHOOL PROGRAM 611710 219709 219709 35221793 2376080 2376080 235298 239122 -3824 -3824 -3824 3714647 74364 3640283 3640283 3640283 76351 22538 53813 53813 REIMB FROM RELATED ENTITY FOR PFS 611710 242683 242683 PANTHER CLUB REVENUE 611710 60894 60894 OTHER 611710 41647 41647 345224 53435993 35221793 0 6411576 5961786 5961786 8306 8306 1019940 1019940 22148609 18351478 2390900 1406231 1339700 1116580 161613 61507 2620359 2248902 252974 118483 1593263 1344588 168621 80054 46482 46482 102875 102875 275941 275941 523306 6486 516820 429989 378391 42999 8599 2448670 2365257 29657 53756 3059892 2692705 305989 61198 593877 252873 335257 5747 OUTDOOR EDUCATION 544323 544323 ATHLETIC DEPARTMENT EXP 414640 414640 RECRUITMENT EXPENSES 248334 248334 BUS PROGRAM EXPENSES 202610 202610 3860447 2087769 1354360 418318 47443349 37976694 7252762 2213893 5534105 3852326 3201638 5681998 4786 11 42427 800 636919 1689316 93972166 32366453 64908564 61605713 68054737 83218718 19481746 19537274 672099 946827 162537021 176532983 3002976 3392210 2902597 4839874 182831 199753 0 338669 6088404 8770506 X 103725437 104400476 52723180 63362001 156448617 167762477 162537021 176532983 X 5992644 5381789 -60573 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 87295767 4004766 10494887 3568084 69080 98158256 97025586 4521844 -10846708 3339946 65009 87295767 71716339 2722555 26022621 3370905 65024 97025586 75719814 756107 -878244 3800060 81278 71716339 75327574 286154 3072528 2916442 50000 75719814 0.41270 0.36770 0.21960 0 0 10345825 10345825 68859232 22329056 46530176 9378620 6183423 3195197 5388489 3853974 1534515 61605713 LARGE CAP EQUITY FUND 16703392 F FIXED INCOME SECURITIES 2833882 F 19537274 LEASE LIABILITY 338669 338669 X 52781142 5381789 -6022359 -640570 53421712 275941 -261660 14281 53435993 41467282 261660 261660 41205622 275941 5961786 6237727 47443349 PART IV, LINE 2B: CUSTODIAN ACCOUNTS INCLUDE STUDENT AND PARENT ASSOCIATION ACCOUNTS. PART V, LINE 4: THE SCHOOL'S ENDOWMENT IS COMPRISED OF INDIVIDUAL FUNDS WHICH ARE HELD IN INVESTMENTS FOR THE PURPOSE OF PROVIDING SUPPORT FOR FINANCIAL AID, FACULTY RELATED PROGRAMS AND OTHER SCHOOL PROGRAMS. PART X, LINE 2: THE SCHOOL HAS BEEN GRANTED TAX-EXEMPT STATUS BY THE INTERNAL REVENUE SERVICE UNDER IRC 501(C)(3), AND THE STATE OF CALIFORNIA. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES PROVIDE ACCOUNTING AND DISCLOSURE GUIDANCE ABOUT POSITIONS TAKEN BY AN ORGANIZATION IN ITS TAX RETURNS THAT MIGHT BE UNCERTAIN. THE IRS WAS EXAMINING THE SCHOOL'S 2017-18 TAX YEAR. AS A RESULT OF EXAMINATION, $178,275 PENALTY WAS PAID BY THE SCHOOL DURING THE YEAR ENDED JUNE 30, 2023. MANAGEMENT HAS CONSIDERED ITS TAX POSITIONS AND BELIEVES THEY ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION OR IF NOT, THAT THE IMPACTS WOULD NOT BE SIGNIFICANT TO THE SCHOOL'S FINANCIAL CONDITION. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF TRUST -60,573. FINANCIAL AID -5,961,786. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENT EXPENSE -239,122. SPECIAL EVENT EXPENSES -22,538. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENT EXPENSE 239,122. SPECIAL EVENT EXPENSES 22,538. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 5,961,786. 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 DISCRIMINATORY POLICY IS DISCLOSED ON THE SCHOOL'S WEBSITE. IT IS PRIMARILY PUBLICLY ACCESSIBLE VIA THE INTERNET ON SCHOOL'S HOMEPAGE AT ALL TIMES, IN A MANNER REASONABLY EXPECTED TO BE NOTICED BY VISITORS TO THE HOMEPAGE. 1 0 0 0 0 0 0 0 0 0 SUB-SARAHAN AFRICA TO PROVIDE SUPPORT TO SCHOOLS IN SOUTH AFRICA 8306 WIRE TRANSFER 0 1 0 0 0 0 0 0 PART III ACCOUNTING METHOD: FRIDAY NIGHT LIGHTS 76351 76351 7425 9366 5747 76351 76351 7425 9366 5747 22538 53813 1 FINANCIAL AID 209 5961786 FINANCIAL AID AWARDED TO ELIGIBLE STUDENTS. FORM 990, SCHEDULE I, PART IV FINANCIAL AID AWARDS ARE GRANTED IN FURTHERANCE OF THE SCHOOL'S EXEMPT PROGRAMS AND ARE MADE IN ACCORDANCE WITH PROCEDURES OR SUBJECT TO CONDITIONS ESTABLISHED BY THE SCHOOL'S GOVERNING BOARD. THE FINANCIAL AID AWARDS RECEIPIENTS ARE ADEQUATELY INVESTIGATED TO ENSURE THAT THEY ARE QUALIFIED RECIPIENTS. STUDENTS RECEIVING AWARDS ARE JUDGED WORTHY BY THE INSTITUIONS ASSESSMENT ON THE BASIS OF FINANCIAL NEED, AND OTHER SIMILAR STANDARDS. DETERMINATION OF FINANCIAL AID AWARDS: FINANCIAL AID IS OFFERED TO ADMITTED APPLICANTS OR RETURNING STUDENTS BASED ON FINANCIAL NEED. THE SCHOOL DOES NOT OFFER LOANS OR SCHOLARSHIPS. FAMILIES ARE SENT A PACKET OF INFORMATION AND FORMS UPON REQUEST. FAMILIES ARE ASKED TO COMPLETE A PARENT'S FINANCIAL STATEMENT TO BE SENT TO AN INDEPENDENT ORGANIZATION WHO CALCULATES THE EXPECTED FAMILY CONTRIBUTION BASED ON, AMONG OTHER FACTORS: THE FAMILY'S INCOME, ASSETS AND LIABILITIES, UNUSUAL EXPENSES AND FAMILY SIZE. THE SCHOOL THEN REVIEWS THIS INDEPENDENT CALCULATION TOGETHER WITH THE FAMILY'S LATEST TAX RETURN. EVERY REQUEST IS REVIEWED CAREFULLY, AND A DECISION IS MADE BASED ON ALL AVAILABLE INFORMATION. X X X X X 1 1 X X X 0 1 0 0 0 0 0 0 0 BRACKER JOHN HEAD OF SCHOOL 459719 0 0 0 41899 0 78125 0 88628 0 668371 0 39325 0 HUYSSOON KEITH CHIEF FINANCIAL OFFICER 270880 0 0 0 1803 0 27771 0 16307 0 316761 0 0 0 MELGOZA JOSE UPPER SCHOOL DIRECTOR 231259 0 0 0 371 0 23166 0 12758 0 267554 0 0 0 WU LISA ADMISSIONS DIRECTOR/ASSISTANT HEAD O 220569 0 0 0 15498 0 13824 0 15884 0 265775 0 0 0 ROBBINS MEREDITH ADVANCEMENT DIRECTOR 211952 0 0 0 206 0 13275 0 22179 0 247612 0 0 0 THOMPSON SHARON ASSISTANT HEAD OF SCHOOL 211983 0 0 0 2498 0 12833 0 12561 0 239875 0 0 0 FAY JONATHAN SUMMER SCHOOL DIRECTOR/FACULTY 207162 0 0 0 753 0 19592 0 10093 0 237600 0 0 0 PART I, LINE 1A THE SCHOOL PROVIDES THE HEAD WITH A DISCRETIONARY SPENDING ACCOUNT TO CAPTURE NECESSARY BUSINESS EXPENSES SUCH AS CONFERENCES, RESIDENCE EXPENSES, MEMBERSHIP DUES, ETC. AS PER THE EMPLOYMENT CONTRACT, THE HEAD OF THE SCHOOL IS REQUIRED TO OCCUPY SCHOOL OWNED HOUSING ADJACENT TO THE SCHOOL WHERE THE HEAD ALSO REGULARLY CONDUCTS SCHOOL RELATED FUNCTIONS. THE SCHOOL PAYS FOR THE HEAD OF SCHOOL'S MEMBERSHIP IN A UNIVERSITY FACULTY CLUB WHERE THE HEAD REGULARLY ATTENDS SCHOOL-RELATED FUNCTIONS. PER THE HEAD OF SCHOOL'S EMPLOYMENT CONTRACT, THE SCHOOL PAYS FOR MAID SERVICE AT THE SCHOOL-PROVIDED HOUSE. PART I, LINE 4B FOR CALENDAR YEAR 2022, AS PART OF AN EMPLOYMENT CONTRACT AGREEMENT, THE CURRENT HEAD OF THE SCHOOL PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN 457(F) ESTABLISHED BY THE SCHOOL. PART II: OTHER REPORTABLE COMPENSATION FOR HEAD OF SCHOOL INCLUDES $39,325 SUPPLMENTAL NONQUALIFIED RETIREMENT PLAN 457(F) DEFERRED COMPENSATION PAYMENT. TRUSTEE OR TRUSTEE FAMILY MEMBER 5000 NEED-BASED FINANCIAL AID EDUCATION TRUSTEE OR TRUSTEE FAMILY MEMBER 96500 NEED-BASED FINANCIAL AID EDUCATION TRUSTEE OR TRUSTEE FAMILY MEMBER 64044 NEED-BASED FINANCIAL AID EDUCATION RACHEL COUNTRYMAN SPOUSE OF THE HEAD OF SCHOOL 92733 EMPLOYEE 0 X 12 2147272 FMV X VARIOUS 119 36578 FMV 0 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B AUDIT COMMITTEE IS DELEGATED RESPONSIBILITY TO REVIEW THE COMPLETE FORM 990 PRIOR TO FILING. THE BOARD OF TRUSTEES RECEIVES A COMPLETE COPY OF THE FORM 990 PRIOR TO FILING AND IS PRESENTED A SUMMARY OF PROCESS AND KEY ITEMS BY THE AUDIT COMMITTEE. THE BOARD OF TRUSTEES APPROVES FILING OF THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C THE POLYTECHNIC SCHOOL BOARD OF TRUSTEES HAS A CONFLICT OF INTEREST POLICY TO ENSURE THAT BOARD ACTIONS ARE FREE FROM ANY ACTUAL OR APPEARANCE OF CONFLICT OF INTEREST. ANNUALLY, EACH BOARD MEMBER IS REMINDED OF THE COMPLIANCE WITH THIS POLICY. FOLLOWING DISCLOSURE TO THE BOARD CHAIR OF AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST, THE BOARD CHAIR SHALL DETERMINE WHETHER AN ACTUAL CONFLICT OF INTEREST EXISTS AND, IF SO, THE BOARD CHAIR SHALL REFER THE MATTER TO THE EXECUTIVE COMMITTEE WHICH SHALL DETERMINE HOW BEST TO PROTECT THE SCHOOL'S INTEREST. A TRUSTEE WHO IS INVOLVED IN A POTENTIAL CONFLICT OF INTERST IS NOT ALLOWED TO VOTE ON ANY MATTERS RELATED WITH THE CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE HEAD OF SCHOOL'S COMPENSATION IS REVIEWED AND AUTHORIZED ANNUALLY BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES, WHICH INCLUDES COMPARISON TO PEER SCHOOLS AND OTHER RELEVANT PERFORMANCE FACTORS. THE HEAD OF SCHOOL HAS A WRITTEN CONTRACT. CFO COMPENSATION IS DETERMINED ANNUALLY BY THE HEAD OF SCHOOL AND CONSIDERS THE COMPARISON TO PEER SCHOOLS AND OTHER RELEVANT PERFORMANCE FACTORS. FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY AND OTHER GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF TRUST -60,573. FORM 990, PART XII, LINE 2C: PROCESS HAS NOT CHANGED. THE FUND FOR PARTNERSHIP FOR SUCCESS 1030 E CALIFORNIA BLVD PASADENA CA 91106 823396946 CHARITABLE FUNDRAISING CA 501 (C) (3) 509(A)(3) N/A 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0