2026-04-27T16:45:13-05:00 2025-06-30 390859910 BAKER TILLY ADVISORY GROUP LP 4747 EXECUTIVE DR SUITE 1300 SAN DIEGO CA 92121 990 2024-07-01 951696720 FRANCIS PARKER SCHOOL FRAN 8585697900 6501 LINDA VISTA ROAD SAN DIEGO CA 92111 KEVIN YALEY HEAD OF SCHOOL 8585697900 2026-04-27 1 0 PATRICIA J MAYER P00188643 8586271400 2024 2025-03-06 01:10:19Z KEVIN YALEY 6501 LINDA VISTA ROAD SAN DIEGO CA 92111 96303537 0 X WWW.FRANCISPARKER.ORG X 1912 CA TO PROVIDE EDUCATIONAL SERVICES TO STUDENTS FROM JR. KINDERGARTEN THROUGH GRADE 12. 25 24 448 300 9603 633 2767993 3942767 51438121 55960793 3196598 5158069 408731 580491 57811443 65642120 8250679 9427339 0 0 28275884 33297330 0 0 1662029 16105056 19312806 52631619 62037475 5179824 3604645 246589766 230034033 127462822 105650164 119126944 124383869 TO CREATE AND INSPIRE A DIVERSE COMMUNITY OF INDEPENDENT THINKERS WHOSE ACADEMIC EXCELLENCE, GLOBAL PERSPECTIVE, AND STRENGTH OF CHARACTER PREPARE THEM TO MAKE A MEANINGFUL DIFFERENCE IN THE WORLD. 0 0 52914660 9427339 55960793 FRANCIS PARKER SCHOOL IS COMMITTED TO GRADUATING STUDENTS WHO EMBODY THOSE QUALITIES ESSENTIAL FOR ACADEMIC SUCCESS AND PERSONAL FULFILLMENT - INTELLECTUAL CURIOSITY, CREATIVE THINKING, PASSION FOR LEARNING, ETHICAL RESPONSIBILITY, SELF RELIANCE, COMMUNITY ENGAGEMENT, AND GLOBAL COMPETENCE BY OFFERING A BALANCED, CHALLENGING AND INTEGRATED K-12 EDUCATIONAL PROGRAM IN ACADEMICS, ATHLETICS, AND THE ARTS, ALL CENTERED IN A VIBRANT AND DIVERSE SCHOOL ENVIRONMENT. 52914660 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 1 0 1 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 149 1 1 448 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 25 24 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X MIKE RINEHART 8585697900 6501 LINDA VISTA ROAD SAN DIEGO CA 92111 KEVIN YALEY HEAD OF SCHOOL 40.00 X X 642893 0 262270 GRAEME GABRIEL BOARD CHAIR 1.00 X X 0 0 0 VOLTAIRE STERLING SECRETARY 1.00 X X 0 0 0 JEANNETTE ALDOUS TRUSTEE (THRU 06/25) 1.00 X 0 0 0 STEVE BJORG TRUSTEE 1.00 X 0 0 0 JING BOURGEOIS TRUSTEE 1.00 X 0 0 0 CARIN CANALE-THEAKSTON TRUSTEE 1.00 X 0 0 0 DIANA CASEY TRUSTEE 1.00 X 0 0 0 SCHUYLER COPPEDGE TRUSTEE 1.00 X 0 0 0 ESTELA DE LLANOS TRUSTEE 1.00 X 0 0 0 KRISTIE DIAMOND TRUSTEE 1.00 X 0 0 0 PEGGY DUNCAN TRUSTEE 1.00 X 0 0 0 SARAH GOTH TRUSTEE 1.00 X 0 0 0 MARVIN GUNN TRUSTEE 1.00 X 0 0 0 ERIK KESKINEN TRUSTEE (THRU 06/25) 1.00 X 0 0 0 ROBERT MARASCO TRUSTEE 1.00 X 0 0 0 CARTER MEISELMAN TRUSTEE (THRU 06/25) 1.00 X 0 0 0 PATRICIA MERZ TRUSTEE 1.00 X 0 0 0 ALISON MINTER TRUSTEE 1.00 X 0 0 0 JOHN OWENS TRUSTEE 1.00 X 0 0 0 JACKIE REED TRUSTEE (THRU 06/25) 1.00 X 0 0 0 MANNY SEDANO TRUSTEE 1.00 X 0 0 0 KIRSTEN SOLBERG TRUSTEE 1.00 X 0 0 0 MEGHAN SPIEKER TRUSTEE (THRU 06/25) 1.00 X 0 0 0 MARC WORNOVITZKY TRUSTEE 1.00 X 0 0 0 MIKE RINEHART ASST HEAD FOR FINANCE & OPERATIONS 40.00 X 304028 0 44503 SHARA FREEMAN ASST HEAD FOR EXTERNAL RELATIONS 40.00 X 260525 0 26969 FRANCIS DANIEL LANG ASST HEAD FOR STRATEGIC INITIATIVES 40.00 X 193905 0 38074 BENJAMIN TEMPLE HEAD OF UPPER SCHOOL 40.00 X 194482 0 30771 ERIKA ASSADI ED, HORIZONS/ASST HEAD OF LS 40.00 X 197705 0 22170 TYLER FEREIRA DIR OF ADMISSIONS AND FINANCIAL ASSISTANCE 40.00 X 180967 0 11341 1974505 0 436098 73 0 1 0 LEVEL 10 CONSTRUCTION LP 1050 ENTERPRISE WAY STE 250 SUNNYVALE CA 94089 CONSTRUCTION 22774654 CULINART GROUP INC PO BOX 50196 LOS ANGELES CA 90074 FOOD SERVICE 2057012 BAKER ELECTRIC INC 1298 PACIFIC OAKS PL ESCONDIDO CA 92029 SOLAR PROJECT 1130766 WORLDSTRIDES 701 E WATER ST SUITE 200 CHARLOTTESVILLE VA 22902 GLOBAL TRAVEL SERVICES 1015981 PROFESSIONAL MAINTENANCE SYSTEMS INC PO BOX 80038 SAN DIEGO CA 92138 HOUSEKEEPING SERVICES 697015 21 760323 3182444 18463 3942767 TUITION AND FEES 611710 54296863 54296863 SUMMER SCHOOL 611710 1076915 1076915 STUDENT SUPPORT SERVICES 611710 584633 584633 ATHLETIC EVENTS 611710 2382 2382 55960793 2927155 9603 2917552 40319 15000 25319 25319 25319 32767922 30537008 2230914 2230914 2230914 456630 760323 109409 347221 347221 207951 207951 207951 65642120 55960793 9603 5728957 450000 450000 8977339 8977339 1035496 308434 517748 209314 26189350 21594249 3758227 836874 1232306 1000841 187898 43567 2873835 2291315 468867 113653 1966343 1562622 324811 78910 125315 125315 112168 112168 89101 89101 252085 219251 32834 76022 36987 39035 112246 108017 4229 848720 807019 36823 4878 4251926 4168149 57403 26374 93 93 505916 361853 138913 5150 1776013 1741020 23977 11016 4855504 4759835 65551 30118 513971 513091 880 INSTRUCTION 1662620 1662620 ATHLETICS 644180 644180 HOSPITALITY AND EVENTS 551887 215096 136183 200608 ADMISSIONS 104063 104063 2830976 2262071 544409 24496 62037475 52914660 7460786 1662029 252280 21034511 13073231 8180675 2457267 1604557 37045516 142873 488995 776241 168221465 55654401 103515451 112567064 79829300 81861923 9927726 3866189 246589766 230034033 9478906 5258293 46138396 29750090 71845520 70641781 127462822 105650164 X 53426301 70683629 65700643 53700240 119126944 124383869 246589766 230034033 X 3604645 2961883 -1309603 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 55127176 4829295 4604403 1742000 62818874 51275791 1477067 3819318 1445000 55127176 44856715 3033798 4786278 1401000 51275791 50220508 923158 -5069951 1217000 44856715 39458009 1200584 10684915 1123000 50220508 0.18912 0.49878 0.31210 0 0 540155 540155 151479852 48113150 103366702 10391095 6059111 4331984 5810363 1482140 4328223 112567064 X 57849260 2961883 -10760140 -7798257 65647517 -5397 -5397 65642120 52592335 15000 15000 52577335 9460140 9460140 62037475 PART V, LINE 4: THE SCHOOL MAKES APPROPRIATIONS FROM ITS ENDOWMNET IN ACCORDANCE WITH DONOR IMPOSED RESTRICTIONS. THE PURPOSES REQUIRED BY THE DONORS INCLUDE FINANCIAL ASSISTANCE, PROFESSIONAL DEVELOPMENT, CURRICULUM DEVELOPMENT, AND OTHER PROGRAM SUPPORT. PART X, LINE 2: THE SCHOOL IS A QUALIFIED NOT-FOR-PROFIT ORGANIZATION EXEMPT FROM FEDERAL INCOME AND CALIFORNIA FRANCHISE TAXES UNDER THE PROVISIONS OF SECTIONS 501(C)(3) OF THE INTERNAL REVENUE CODE AND 23701D OF THE CALIFORNIA REVENUE AND TAXATION CODE, RESPECTIVELY. THE SCHOOL HAS EVALUATED ITS CURRENT TAX POSITIONS AND HAS CONCLUDED THAT AS OF JUNE 30, 2025, THE SCHOOL DOES NOT HAVE ANY SIGNIFICANT UNCERTAIN TAX POSITIONS FOR WHICH A RESERVE WOULD BE NECESSARY. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIP AND FINANCIAL ASSISTANCE -8,977,339. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT -1,300,000. INVESTMENT EXPENSES -32,801. GRANTS -450,000. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -15,000. K-1 PASSTHROUGH 9,603. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 15,000. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT EXPENSES 32,801. SCHOLARSHIP AND FINANCIAL ASSISTANCE 8,977,339. GRANTS 450,000. 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 SCHOOL PUBLICIZES ITS RACIAL AND OTHER NON-DISCRIMINATION POLICIES ON THE HOMEPAGE OF ITS WEBSITE, ITS ENROLLMENT SOLICITATION MATERIALS, AND ITS ENROLLMENT APPLICATIONS AND RELATED FORMS IN A MANNER SO THAT ITS POLICIES ARE KNOWN TO THE GENERAL COMMUNITY IT SERVES. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 7155231 0 0 0 0 0 0 7155231 0 7155231 1 0 1 1 1 0 GALA 1216953 760323 456630 95063 14346 1216953 760323 456630 95063 14346 109409 347221 1 HORIZONS SAN DIEGO 4201 RANDOLPH ST SAN DIEGO CA 92103 994931393 501(C)(3) 450000 0 GENERAL SUPPORT 1 0 EDUCATIONAL SCHOLARSHIPS AND FINANCIAL ASSISTANCE 326 8968414 FMV DIRECT CREDIT TO STUDENT TUITION ACCOUNT FINANCIAL ASSISTANCE 35 8925 PART I, LINE 2: EDUCATIONAL SCHOLARSHIP AND FINANCIAL AID ARE APPLIED AGAINST TUITION AND OTHER RELATED CHARGES ON THE STUDENTS' ACCOUNTS. INDIVIDUAL ACCOUNTS AND THE STUDENT BILLING SYSTEM AS A WHOLE ARE RECONCILED ON A REGULAR BASIS. PART II, LINE 1: THIS AMOUNT REPRESENTS TEMPORARILY RESTRICTED CONTRIBUTIONS DESIGNATED TO THE HORIZONS PROGRAM HELD BY FRANCIS PARKER SCHOOL, AS WELL AS ACCUMULATED SURPLUSES GENERATED BY THE HORIZONS PROGRAM WHILE OPERATING UNDER FRANCIS PARKER SCHOOL, WHICH WERE TRANSFERRED TO HORIZONS SAN DIEGO IN CONNECTION WITH ITS SPINOFF INTO A STANDALONE 501(C)(3) ENTITY. X 1 1 X X X X 0 1 0 0 0 0 0 1 0 KEVIN YALEY HEAD OF SCHOOL 640619 0 0 0 2274 0 125875 0 136395 0 905163 0 0 0 MIKE RINEHART ASST HEAD FOR FINANCE & OPERATIONS 293840 0 7500 0 2688 0 20782 0 23721 0 348531 0 0 0 SHARA FREEMAN ASST HEAD FOR EXTERNAL RELATIONS 244845 0 7500 0 8180 0 16928 0 10041 0 287494 0 0 0 FRANCIS DANIEL LANG ASST HEAD FOR STRATEGIC INITIATIVES 191381 0 0 0 2524 0 15220 0 22854 0 231979 0 0 0 BENJAMIN TEMPLE HEAD OF UPPER SCHOOL 194212 0 0 0 270 0 9601 0 21170 0 225253 0 0 0 ERIKA ASSADI ED, HORIZONS/ASST HEAD OF LS 136110 0 0 0 61595 0 10401 0 11769 0 219875 0 0 0 TYLER FEREIRA DIR OF ADMISSIONS AND FINANCIAL ASS 179235 0 0 0 1732 0 2139 0 9202 0 192308 0 0 0 PART I, LINE 1A THE HEAD OF THE SCHOOL RESIDES IN A SCHOOL-OWNED RESIDENCE AS A CONDITION OF EMPLOYEMENT. THE APPROXIMATE VALUE IS $9,700/MONTH, FOR A TOTAL OF $116,400 FOR THE TAX YEAR. THIS AMOUNT IS INCLUDED IN NONTAXABLE BENEFITS FOR THE HEAD OF SCHOOL. PART I, LINE 4B THE HEAD OF SCHOOL PARTICIPATES IN THE SCHOOL'S SECTION 457(F) DEFERRED COMPENSATION PLAN. DURING THE CALENDAR YEAR 2024, $77,000 WAS ACCRUED IN THE SECTION 457(F) DEFERRED COMPENSATION PLAN. PART I, LINE 7 DISCRETIONARY BONUSES WERE PAID TO TWO HIGHLY COMPENSATED EMPLOYEES IN CONNECTION WITH THE SUCCESSFUL COMPLETION OF A CONSTRUCTION PROJECT. PART II: ERIKA ASSADI'S COMPENSATION INCLUDES AMOUNTS EARNED WHILE SERVING AS EXECUTIVE DIRECTOR OF THE HORIZONS PROGRAM AND ASSISTANT HEAD OF LOWER SCHOOL. AFTER BECOMING THE ASSISTANT HEAD OF LOWER SCHOOL, MS. ASSADI TEMPORARILY CONTINUED TO SERVE AS EXECUTIVE DIRECTOR OF THE HORIZONS PROGRAM UNTIL A REPLACEMENT WAS HIRED. A CALIFORNIA ENTERPRISE DEVELOPMENT AUTHORITY 352273601 2022-04-26 74812500 SERIES A REFINANCE & SERIES B CONSTRUCTION 0 0 0 A 3527167 74812500 677663 24923133 49211705 1 0 0 1 A 0 0 0 0 0 0 1 A 0 0 1 0 1 0 0 0 0 A 0 FORM 990, PART VI, SECTION A, LINE 7A NOMINATIONS FOR ELECTION TO THE BOARD OF TRUSTEES ARE MADE THROUGH THE SCHOOL'S BOARD GOVERNANCE COMMITTEE. THE BOARD OF TRUSTEES ELECTS TRUSTEES AT A MEETING OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7B IN ACCORDANCE WITH THE SCHOOL'S BYLAWS, THE BOARD OF TRUSTEES HAS DELEGATED THE OVERSIGHT OF VARIOUS ITEMS TO THE AUDIT COMMITTEE. THESE ITEMS INCLUDE THE REVIEW AND APPROVAL OF AUDITED FINANCIAL STATEMENTS AND INFORMATION RETURNS. FOLLOWING THE AUDIT COMMITTEE'S APPROVAL, A COPY IS PROVIDED TO THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B THE INFORMATION RETURNS OF THE SCHOOL ARE PREPARED AND REVIEWED BY SCHOOL EMPLOYEES AND THE SCHOOL'S EXTERNAL AUDITORS. A DRAFT OF THE INFORMATION RETURNS IS THEN PROVIDED TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES FOR REVIEW. THE AUDIT COMMITTEE'S QUESTIONS AND COMMENTS ARE ADDRESSED AND INCORPORATED, AND THE AUDIT COMMITTEE APPROVES THE INFORMATION RETURNS. FOLLOWING THE AUDIT COMMITTEE'S APPROVAL, A COPY OF THE INFORMATION RETURNS IS PROVIDED TO THE TRUSTEES. THE INFORMATION RETURNS ARE THEN FILED. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, MEMBERS OF THE BOARD OF TRUSTEES ARE REQUIRED TO READ AND SIGN A CONFLICT OF INTEREST STATEMENT IN WHICH EACH MEMBER EXPRESSLY ACKNOWLEDGES AN OBLIGATION AND RESPONSIBILITY TO: (A) CARRY OUT THEIR DUTIES AND EXERCISE ANY AUTHORITY FOR THE SOLE BENEFIT OF THE SCHOOL (B) AVOID ANY CIRCUMSTANCE IN WHICH THE MEMBER'S PERSONAL INTERESTS CONFLICT WITH THE INTEREST OF THE SCHOOL AND (C) NOTIFY THE BOARD OF TRUSTEES IN THE EVENT THE MEMBER HAS A POTENTIAL CONFLICT OF INTEREST OR HAS KNOWLEDGE OF ANOTHER PERSON HAVING A POTENTIAL CONFLICT OF INTEREST. TRUSTEES WITH A CONFLICT ARE PRECLUDED, BY POLICY, FROM PARTICIPATING OR VOTING ON THE CONFLICTED TOPIC. IN ORDER TO BE EMPLOYED BY THE SCHOOL, NEW EMPLOYEES ARE REQUIRED TO ACKNOWLEDGE IN WRITING THAT THEY HAVE READ AND UNDERSTAND THE POLICIES IN THE SCHOOL'S EMPLOYEE HANDBOOK. INCLUDED IN THE SCHOOL'S EMPLOYEE HANDBOOK IS A CONFLICT OF INTEREST POLICY, WHICH PROHIBITS EMPLOYEES FROM ENGAGING IN ACTIVITIES THAT DIRECTLY COMPETE WITH THE BUSINESS OR INTERESTS OF THE SCHOOL. IN ADDITION, THE SCHOOL'S EMPLOYEE HANDBOOK INCLUDES A WHISTLEBLOWER POLICY, WHICH OUTLINES THE SCHOOL'S PROCESS FOR REPORTING ANY SUSPECTED VIOLATIONS OF SCHOOL POLICY AND PROVIDES ASSURANCE THAT ANY EMPLOYEE WHO REPORTS A POTENTIAL VIOLATION WILL NOT BE SUBJECT TO RETALIATION. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE HEAD OF SCHOOL IS SET BY THE COMMITTEE OF CHAIRS, A STANDING COMMITTEE OF THE BOARD OF TRUSTEES (FORMERLY, THE COMPENSATION COMMITTEE). THE COMMITTEE OF CHAIRS CONSIDERS COMPENSATION REPORTS AND OTHER INFORMATION FROM NATIONAL, REGIONAL, AND LOCAL SURVEYS PREPARED BY INDEPENDENT PARTIES FOR COMPARABLE POSITIONS WHEN DETERMINING THE HEAD OF SCHOOL'S COMPENSATION. THE APPROVED COMPENSATION PLAN FOR THE HEAD OF SCHOOL IS DOCUMENTED IN AN EMPLOYMENT AGREEMENT WHICH IS APPROVED BY THE BOARD OF TRUSTEES. THE COMMITTEE OF CHAIRS AMENDED THE HEAD OF SCHOOL'S EMPLOYMENT AGREEMENT IN JUNE 2023. COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES IS SET BY THE HEAD OF SCHOOL. THE HEAD OF SCHOOL CONSIDERS COMPENSATION REPORTS AND OTHER INFORMATION FROM NATIONAL, REGIONAL, AND LOCAL COMPENSATION SURVEYS FOR COMPARABLE POSITIONS WHEN DETERMINING COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES. THE COMPENSATION FOR ALL OFFICERS AND KEY EMPLOYEES IS DOCUMENTED IN EMPLOYMENT LETTERS. THIS PROCESS WAS LAST COMPLETED IN JUNE 2025. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT -1,300,000. K-1 PASSTHROUGH -9,603. CHARITABLE REMAINDER TRUST (1) TRUST CA N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0