2026-05-13T13:41:39-05:00 2025-06-30 946214841 ARMANINO ADVISORY LLC 2700 CAMINO RAMON STE 350 SAN RAMON CA 945835004 990 2024-07-01 943204136 MENLO COLLEGE MENL 6505433753 1000 EL CAMINO REAL ATHERTON CA 94027 STEVEN WEINER PRESIDENT 6505433753 2026-05-13 1 0 KATY BROWN P00650274 9257902600 2026-05-08 2024 2025-03-06 01:10:19Z STEVEN WEINER 1000 EL CAMINO REAL ATHERTON CA 94027 65311820 0 X WWW.MENLO.EDU X 1994 CA TO DEVELOP FUTURE LEADERS THROUGH A LIBERAL ARTS-BASED BUSINESS (CONTINUED ON SCHEDULE O) EDUCATION THAT INTEGRATES ACADEMIC STUDY AND FIELDWORK IN A SILICON VALLEY ENVIRONMENT UNMATCHED IN ITS POTENTIAL FOR INNOVATION. 14 14 455 20 0 0 10707523 6277579 51481137 53285106 432748 767367 0 0 62621408 60330052 25074874 24341849 0 0 18874715 17790083 0 0 1303392 17682939 19510056 61632528 61641988 988880 -1311936 64047051 61283012 7817174 6596022 56229877 54686990 X MENLO COLLEGE WAS FOUNDED IN 1927 AS A COMPONENT OF MENLO SCHOOL AND COLLEGE. ON JULY 1, 1994, THE COLLEGE COMMENCED OPERATIONS AS A SEPARATE, NON-PROFIT, COEDUCATIONAL INSTITUTION OF HIGHER EDUCATION. (CONTINUED ON SCHEDULE O)THE SEPARATION BETWEEN MENLO SCHOOL AND MENLO COLLEGE WAS FINALIZED IN 2008. TODAY MENLO OPERATES AS A SMALL, INNOVATIVE, PRIVATE RESIDENTIAL COLLEGE RECOGNIZED BY THE PRINCETON REVIEW FOR THE EXCELLENCE OF ITS PROGRAMS. 0 0 50156325 24341849 53285106 THE COLLEGE PROVIDES INSTRUCTION TO APPROXIMATELY 800 FULL-TIME STUDENTS IN FOUR-YEAR UNDERGRADUATE AND GRADUATE MANAGEMENT AND PSYCHOLOGY PROGRAMS. EXPENDITURES INCLUDE RESIDENCE HALLS, DINING, STUDENT UNION, AND HEALTH SERVICES. 50156325 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 1 0 0 0 1 100 0 1 455 1 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X STEVEN WEINER PRESIDENT 6505433753 1000 EL CAMINO REAL ATHERTON CA 94027 MICAH KANE BOARD CHAIR 1.00 X X 0 0 0 JAMES A DAVLIN VICE CHAIR & TREASURER 1.00 X X 0 0 0 TOM BYERS TRUSTEE 1.00 X 0 0 0 ALMA CLAYTON-PEDERSEN TRUSTEE 1.00 X 0 0 0 HOWARD DALLMAR TRUSTEE 1.00 X 0 0 0 DAVID C IRMER TRUSTEE 1.00 X 0 0 0 KATHY JACKSON TRUSTEE 1.00 X 0 0 0 HELENE KIM TRUSTEE 1.00 X 0 0 0 LARRY LOPEZ TRUSTEE 1.00 X 0 0 0 ZOANNE NELSON TRUSTEE 1.00 X 0 0 0 COLIN O'MALLEY TRUSTEE 1.00 X 0 0 0 AARON SANTILLAN TRUSTEE 1.00 X 0 0 0 FRAN SCHULZ TRUSTEE 1.00 X 0 0 0 ROGER SMITH TRUSTEE 1.00 X 0 0 0 STEVEN WEINER PRESIDENT 40.00 X 432600 0 57025 MOUWAFAC SIDAOUI VP FOR ACAD. AFFS., C. ACAD. OFF., & 40.00 X 262583 0 15994 ANGELA SCHMIEDE VP FOR STDNT. SUCCESS & STRAT. PLNG 40.00 X 229356 0 19499 MELISSA MICHELSON DEAN OF ARTS & SCIENCES SCHOOL 40.00 X 211849 0 7217 KEITH SPATARO VP FOR ATHLETICS & ENROLL. 40.00 X 197666 0 29879 MANISH TEWARI PROFESSOR 40.00 X 179678 0 6389 1513732 0 136003 29 0 1 0 SODEXO INC & AFFILIATE 1000 EL CAMINO REAL ATHERTON CA 94027 DINING SERVICES 3772982 SOURCEONE BUILDING MAINTENANCE INC 2974 SCOTT BLVD SANTA CLARA CA 95054 JANITORIAL SERVICES 949270 OCULUSIT 101 WEST WASHINGTON ST INDIANAPOLIS IN 46255 IT OUTSOURCING 700000 VANCE BROWN INC 2585 E BAYSHORE ROAD PALO ALTO CA 94303 CONTRACTOR FOR DINING HALL 442684 7 790559 5487020 124163 6277579 STUDENT TUITION 611600 41827461 41827461 AUXILIARY FEES 611600 10457147 10457147 OTHER REVENUE 611600 1000498 1000498 53285106 442582 442582 5306553 4981768 324785 324785 324785 60330052 53285106 0 767367 24341849 24341849 497445 497445 14321930 11479314 2053259 789357 127439 96506 24139 6794 1827546 1115264 619026 93256 1015723 800346 159966 55411 14699 14699 181548 181548 37709 37709 2725089 955569 1688253 81267 98506 87866 5222 5418 2396722 2079515 95554 221653 804007 804007 1979686 155831 1823855 933316 924327 4071 4918 84841 81932 2909 45116 45116 2799189 2687366 99971 11852 1053548 785748 267800 PROGRAM - DINING HALL 3315073 3315073 0 0 BAD DEBTS EXPENSE 1651453 0 1651453 0 OPERATIONS AND MAINT. 706171 685868 20303 MISCELLANEOUS EXPENSES 683383 563951 106269 13163 61641988 50156325 10182271 1303392 1092378 1001770 3497313 2422695 1448489 447078 24686 380127 459559 63891483 28953170 36377643 34938313 15088592 13801453 6107763 8127086 30060 85058 64047051 61283012 3193545 2360517 2559364 3450976 1858250 534406 206015 250123 7817174 6596022 X 33148472 31898124 23081405 22788866 56229877 54686990 64047051 61283012 X -1311936 1264003 -1494954 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16516633 846388 1627069 456000 18534090 15101635 735792 1045206 366000 16516633 14262131 84040 1093464 338000 15101635 15428892 317181 -1186942 297000 14262131 11082385 214400 4425107 293000 15428892 0.06900 0.55200 0.37900 0 0 50679635 19390844 31288791 7596753 5518792 2077961 5615095 4043534 1571561 34938313 PARTNERSHIP INTERESTS 6329764 F BENEFICIAL INTEREST IN REMAINDER TRUST 1797322 F 8127086 ANNUITY OBLIGATION 165065 LEASE LIABILITY 85058 250123 X 35719543 1264003 -24341849 -23077846 58797389 37709 1494954 1532663 60330052 37262430 -24341849 -24341849 61604279 37709 37709 61641988 PART V, LINE 4: ENDOWMENT ASSETS INCLUDE THOSE ASSETS OF DONOR-RESTRICTED FUNDS THAT THE COLLEGE MUST HOLD IN PERPETUITY OR FOR A DONOR-SPECIFIED PERIOD(S). AS WELL AS BOARD-DESIGNATED FUNDS, THE COLLEGE EXPECTS ITS ENDOWMENT FUNDS, OVER TIME, TO PROVIDE AN AVERAGE RATE OF RETURN OF APPROXIMATELY 5 PERCENT ANNUALLY. ACTUAL RETURNS IN ANY GIVEN YEAR MAY VARY FROM THIS AMOUNT. PART X, LINE 2: THE COLLEGE HAS RECEIVED DETERMINATION LETTERS FROM THE INTERNAL REVENUE SERVICE AND THE STATE OF CALIFORNIA INDICATING THAT THE COLLEGE IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1954, AS AMENDED AND THE REVENUE AND TAXATION CODE OF THE STATE OF CALIFORNIA, RESPECTIVELY. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE FINANCIAL STATEMENTS. THE COLLEGE HAS EVALUATED ITS CURRENT TAX POSITIONS AND HAS CONCLUDED IT DOES NOT HAVE ANY SIGNIFICANT UNCERTAIN TAX POSITIONS FOR WHICH A RESERVE WOULD BE NECESSARY AS OF JUNE 30, 2025 AND JUNE 30, 2024. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS AND FINANCIAL AID -24,341,849. PART XI, LINE 4B - OTHER ADJUSTMENTS: OTHER ADJUSTMENT 1,494,954. PART XII, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS AND FINANCIAL AID -24,341,849. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 MENLO COLLEGE INCLUDES IN ALL REGISTRATION MATERIALS THE FOLLOWING STATEMENT REGARDING EQUAL OPPORTUNITY AND ACCESS TO ITS PROGRAMS. THE SAME STATEMENT IS PUBLISHED ON THE MENLO COLLEGE WEBSITE AND THEIR CATALOG AS FOLLOWS: MENLO COLLEGE DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, NATIONAL ORIGIN, GENDER, SEXUAL ORIENTATION, DISABILITY, OR AGE IN ANY OF ITS POLICIES, PROCEDURES, OR PRACTICES. THIS NONDISCRIMINATION POLICY COVERS ADMISSION AND ACCESS TO PROGRAMS AND ACTIVITIES, TREATMENT, AND EMPLOYMENT IN THE COLLEGE. INQUIRIES REGARDING THE COLLEGE'S EQUAL OPPORTUNITY POLICIES SHOULD BE DIRECTED TO THE HUMAN RESOURCES OFFICE. MENLO COLLEGE IS COMMITTED TO ENSURING EQUAL ACCESS AND OPPORTUNITY TO ALL MEMBERS OF OUR CAMPUS COMMUNITY, AND TO MAKE ALL PROGRAMS AND SERVICES ACCESSIBLE TO STUDENTS WITH DISABILITIES. SCHEDULE E, PART I, LINE 6 STUDENTS ATTENDING THE COLLEGE RECEIVE SUPPORT IN THE FORM OF SCHOLARSHIPS AND FINANCIAL AID FROM STATE AND FEDERAL GOVERNMENTS. 1 INSTITUTIONAL SCHOLARSHIPS 816 24341849 FMV DIRECT CREDIT TO STUDENT ACCOUNT PART I, LINE 2: MENLO COLLEGE REQUIRES FINANCIAL AID APPLICANTS SUBMIT EVIDENCE OF ELIGIBILITY AND MAINTAINS ONGOING RECORDS OF ATTENDANCE AND SCHOLASTIC ACHIEVEMENTS BY ALL RECIPIENTS. X 1 1 X X X 0 0 0 0 0 0 0 1 0 STEVEN WEINER PRESIDENT 432600 0 0 0 0 0 12978 0 44047 0 489625 0 0 0 MOUWAFAC SIDAOUI VP FOR ACAD. AFFS., C. ACAD. OFF., & 262583 0 0 0 0 0 7350 0 8644 0 278577 0 0 0 ANGELA SCHMIEDE VP FOR STDNT. SUCCESS & STRAT. PLNG 229356 0 0 0 0 0 6489 0 13010 0 248855 0 0 0 KEITH SPATARO VP FOR ATHLETICS & ENROLL. 191666 0 6000 0 0 0 6180 0 23699 0 227545 0 0 0 MELISSA MICHELSON DEAN OF ARTS & SCIENCES SCHOOL 211849 0 0 0 0 0 5717 0 1500 0 219066 0 0 0 MANISH TEWARI PROFESSOR 179678 0 0 0 0 0 4889 0 1500 0 186067 0 0 0 PART I, LINE 1A THE SCHOOL PRESIDENT IS PROVIDED WITH TRANSPORTATION BENEFITS OF $31,680 THAT ARE INCLUDED IN THE NON-TAXABLE BENEFITS LISTED IN SCHEDULE J, PART II, COLUMN (D). PART I, LINE 7 OFFICER AND KEY EMPLOYEES ARE ELIGIBLE FOR ANNUAL BONUSES BASED ON PERFORMANCE AT THE DISCRETION OF THE BOARD. SHANNON SPATARO MARRIED TO ONE OF TOP 5 HIGHEST COMPENSATED EMPLOYEES: KEITH SPATARO 86500 EMPLOYMENT 0 X 3 113700 FMV 0 1 0 PART I, COLUMN (B): THIS NUMBER REPRESENTS THE NUMBER OF CONTRIBUTIONS AND NOT THE NUMBER OF ITEMS COONTRIBUTED. FORM 990, PART VI, SECTION B, LINE 11B BEFORE FILING, THE FORM 990 IS REVIEWED BY THE BOARD AUDIT COMMITTEE, AND IS THEN SHARED WITH THE FULL BOARD MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY APPLIES TO INTERESTED PERSONS, WHICH INCLUDE ANY DIRECTOR, PRINCIPAL OFFICER, OR MEMBER OF A COMMITTEE WITH BOARD DELEGATED POWERS WHO HAVE A DIRECT OR INDIRECT FINANCIAL INTEREST IN A POTENTIAL TRANSACTION WITH MENLO COLLEGE. TRUSTEES ARE REQUIRED TO SIGN AN ANNUAL CONFLICT OF INTEREST FORM DISCLOSING ANY POTENTIAL CONFLICTS. A PERSON WITH A POTENTIAL CONFLICT OF INTEREST MAY PRESENT MATERIAL FACTS TO THE BOARD OR COMMITTEE CONTEMPLATING THE POTENTIALLY CONFLICTED TRANSACTION. NON-INTERESTED MEMBERS THEN DETERMINE WHETHER A CONFLICT OF INTEREST EXISTS. IF A CONFLICT IS DETERMINED TO EXIST, THE NON-INTERESTED BOARD OR COMMITTEE MEMBERS INVESTIGATE WHETHER THERE IS A MORE ADVANTAGEOUS OPTION AVAILABLE TO MENLO COLLEGE THAT WOULD NOT PRESENT A CONFLICT OF INTEREST. AFTER EVALUATING OPTIONS, A MAJORITY VOTE OF NON-INTERESTED MEMBERS IS NEEDED TO PROCEED WITH THE PROPOSED CONFLICTED TRANSACTION. PERSONS WITH A POTENTIAL CONFLICT OF INTEREST ARE NOT PERMITTED TO PARTICIPATE IN DISCUSSION OR VOTING ON MATTERS PERTAINING TO THE POTENTIAL CONFLICT. FAILURE TO DISCLOSE POSSIBLE OR ACTUAL CONFLICTS OF INTEREST WILL RESULT IN INVESTIGATION AND/OR APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PART VI, SECTION B, LINE 15 COMPARABLE DATA WAS REVIEWED, AND COMPENSATION AND BENEFIT PAYMENTS WERE DETERMINED AND APPROVED BY THE BOARD AND/OR THE BOARD'S EXECUTIVE COMMITTEE, AND THE CEO. FORM 990, PART VI, SECTION C, LINE 19 UPON WRITTEN REQUEST, THE ORGANIZATION WILL PROVIDE COPIES OF FINANCIAL STATEMENTS, FILED TAX RETURNS, GOVERNING DOCUMENTS AND THEIR CONFLICT OF INTEREST POLICY. THE ORGANIZATION RELIES ON GUIDESTAR TO PUBLISH THEIR TAX RETURN ON THE INTERNET. FORM 990, PART XI, LINE 9: OTHER ADJUSTMENT -1,494,954. MENLO SCHOOL AND MENLO COLLEGE 1000 EL CAMINO REAL ATHERTON CA 94027 941156656 HOLDS TITLE TO FACILITIES USED BY MENLO SCHOOL AND MENLO COLLEGE CA 501(C)(3) LINE 12A, I MENLO COLLEGE AND MENLO SCHOOL 0 MENLO COLLEGE POOLED INCOME FUND 1000 EL CAMINO REAL ATHERTON CA 94027 942590727 INVESTMENTS CA N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0