2026-05-11T15:27:07-05:00 2025-06-30 946214841 ARMANINO ADVISORY LLC 2700 CAMINO RAMON STE 350 SAN RAMON CA 945835004 990 2024-07-01 943266229 THE BAY SCHOOL OF SAN FRANCISCO BAYS 4155615800 35 KEYES AVENUE SAN FRANCISCO CA 94129 KEVIN ROGERS CFOO 4155615800 2026-05-04 1 1 KATY BROWN P00650274 9257902600 2026-04-25 2024 2025-03-06 01:10:19Z LUKE W FELKER 35 KEYES AVENUE SAN FRANCISCO CA 94129 30649749 0 X WWW.BAYSCHOOLSF.ORG X 2004 CA THE BAY SCHOOL OF SAN FRANCISCO IS AN INDEPENDENT SECONDARY SCHOOL. 25 24 194 175 0 0 4141719 1937975 27655133 26940887 996703 619479 -122376 -83734 32671179 29414607 4675085 4731485 0 0 16972604 16288864 0 0 1919716 9388124 10019012 31035813 31039361 1635366 -1624754 73960904 70733340 48612511 46426341 25348393 24306999 AT THE BAY SCHOOL, WE BALANCE CHALLENGING ACADEMICS AND INNOVATIVE THINKING WITH A MINDFUL APPROACH TO LEARNING AND LIFE. OUR GOAL IS TO SEE STUDENTS UNLOCK THEIR INDIVIDUAL AND COLLECTIVE POTENTIAL SO THEY BEGIN TO REALIZE THEIR ROLES IN A DYNAMIC WORLD. 0 0 26515535 4731485 26952743 THE BAY SCHOOL OF SAN FRANCISCO IS AN INDEPENDENT COLLEGE PREPARATORY SECONDARY SCHOOL SERVING APPROXIMATELY 411 STUDENTS FROM THE BAY AREA DURING A SCHOOL YEAR OF APPROXIMATELY 175 SCHOOL DAYS. 26515535 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 1 1 1 0 0 1 0 0 0 0 0 0 0 0 1 53 0 1 194 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 25 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X ELLEN BELLER 4155615800 35 KEYES AVENUE SAN FRANCISCO CA 94129 NELL BRANCO BOARD CHAIR 5.00 X X 0 0 0 LISA AQUINO VICE CHAIR 1.00 X X 0 0 0 ERIC ALT TREASURER 5.00 X X 0 0 0 JONATHAN FELDMAN SECRETARY 5.00 X X 0 0 0 ANNELISE BAUER TRUSTEE 1.00 X 0 0 0 LORA BLUM TRUSTEE 1.00 X 0 0 0 DAINA CHIU TRUSTEE 1.00 X 0 0 0 ERNIE CHOW TRUSTEE 1.00 X 0 0 0 ARJUNA COSTA TRUSTEE 1.00 X 0 0 0 KARIN COTTERMAN TRUSTEE 1.00 X 0 0 0 ERIN GANJU TRUSTEE (THRU 04/25) 1.00 X 0 0 0 GABY GUCHO-OLIVA TRUSTEE 1.00 X 0 0 0 FRANCISCO GUEDEZ TRUSTEE 1.00 X 0 0 0 GHITA HARRIS-NEWTON TRUSTEE 1.00 X 0 0 0 STEPHEN HIBBARD TRUSTEE 1.00 X 0 0 0 WENDY HOLCOMBE TRUSTEE 1.00 X 0 0 0 ABRAM JACKSON TRUSTEE 1.00 X 0 0 0 MARK JAMISON TRUSTEE 1.00 X 0 0 0 JACK JUE TRUSTEE 1.00 X 0 0 0 PAUL KOCHER TRUSTEE 1.00 X 0 0 0 CATHY MANSHEL TRUSTEE 1.00 X 0 0 0 FLORA MUGAMBI-MUTUNGA TRUSTEE 1.00 X 0 0 0 KATHLEEN PATTERSON TRUSTEE (THRU 03/25) 1.00 X 0 0 0 AMY METZLER RITTER TRUSTEE 1.00 X 0 0 0 CORI SNYDER SCHUMAN TRUSTEE 5.00 X 0 0 0 CARL SJOGREEN TRUSTEE 1.00 X 0 0 0 SARA SULLIVAN TRUSTEE 1.00 X 0 0 0 LUKE W FELKER HEAD OF SCHOOL 50.00 X 720717 0 25108 KEVIN ROGERS CFOO 50.00 X 333700 0 37650 LISE SHELTON ASSOC. HEAD OF SCHOOL (THRU 07/24) 50.00 X 389366 0 23018 RICHARD LEVINE DIR. OF SPECIAL PROJECTS & OPS 40.00 X 251275 0 38965 AMY TALBOT DIRECTOR OF ADVANCEMENT 40.00 X 200685 0 15419 DOROTHY JONES DEAN, ENROLLMENT MGMT & STRAT. ENG. 40.00 X 193200 0 31081 MIO TSUKAMOTO DEAN OF STUDENTS 40.00 X 181221 0 18347 LAILA MCCLAY DEAN OF ACADEMICS & INNOVATION 40.00 X 180515 0 25274 2450679 0 214862 58 0 1 0 REAL SCHOOL LUNCH INC PO BOX 29116 SAN FRANCISCO CA 94129 FOOD SERVICE 1342188 HBM - HINES BUILDING MAINTENANCE PO BOX 97 MORGAN HILL CA 95038 JANITORIAL AND MAINTENANCE 616290 ZUM SERVICES INC PO BOX 103448 PASADENA CA 91189 TRANSPORTATION SERVICES 327276 MOUNTAIN VIEW STAGING SERVICES INC 545 W 1300 N SPRINGVILLE UT 84663 EVENT LOGISTICS + SOUND STAGING 126423 FOLGER LEVIN LLP 33 NEW MONTGOMERY ST 19TH FLOOR SAN FRANCISCO CA 94105 LEGAL SERVICES 123852 7 360914 1577061 71361 1937975 TUITION AND ENROLLMENT 611110 24966585 24966585 MATERIALS AND SERVICE FEE 611110 1630111 1630111 FORFEITED DEPOSITS 611110 219397 219397 BUS TRANSPORTATION 611110 87662 87662 APPLICATION FEES 611110 37132 37132 26940887 608611 608611 1139232 1128364 10868 10868 10868 11188 360914 106778 -95590 -95590 BAY THEATER REVENUE 900099 11856 11856 11856 29414607 26952743 0 523889 4731485 4731485 1230752 325629 643376 261747 11946268 10426538 797288 722442 642472 553189 45642 43641 1528862 1283625 135915 109322 940510 771422 99406 69682 200916 200916 62121 62121 582256 519982 13487 48787 126961 120038 3607 3316 204608 134579 40462 29567 441638 366936 16557 58145 3192824 2804140 202515 186169 14851 14851 182651 135246 25251 22154 199158 11384 186904 870 1211916 1045131 86900 79885 194330 166670 14818 12842 STUDENT LUNCH PROGRAM 959920 959920 STUDENT ACADEMICS 734429 507678 960 225791 CLASSROOM SUPPLIES 421709 421709 STUDENT TRANSPORTATION 417610 417610 871114 797773 27985 45356 31039361 26515535 2604110 1919716 1972474 1609869 5288598 609579 167623 22304 11884842 10443636 200000 133333 596553 472989 27068293 9837624 17653695 17230669 16448114 21911679 19749005 18299282 73960904 70733340 1166679 1021759 21964419 20924255 6268338 6023682 19213075 18456645 48612511 46426341 X 21232273 20170025 4116120 4136974 25348393 24306999 73960904 70733340 X -1624754 646248 -62888 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3555705 22827 427747 136086 3870193 3232894 65136 385680 128005 3555705 2998961 90160 261628 117855 3232894 3429792 115956 -442233 104554 2998961 2721289 128046 676063 95606 3429792 0.22303 0.54853 0.22844 0 0 19000000 5482292 13517708 5070519 2134832 2935687 2997774 2220500 777274 17230669 OPERATING LEASE RIGHT-OF-USE ASSETS 16784898 FINANCE LEASE RIGHT-OF-USE ASSETS 294909 EMPLOYEE RETENTION TAX CREDIT RECEIVABLE 1219475 18299282 OPERATING LEASE LIABILITIES 18157583 FINANCE LEASE LIABILITIES 299062 18456645 X 25266482 646248 -62888 583360 24683122 4731485 4731485 29414607 26307876 0 26307876 4731485 4731485 31039361 PART V, LINE 4: THE SCHOOL BUDGETS A PORTION OF THE ENDOWMENT INVESTMENT INCOME TO HELP FUND THE OPERATIONS OF THE SCHOOL. NET ASSETS WITH DONOR RESTRICTIONS, THAT ARE PERPETUAL IN NATURE, ARE TO BE HELD IN PERPETUITY AS ENDOWMENTS, THE INCOME OF WHICH IS AVAILABLE FOR EDUCATIONAL, FACULTY AND GENERAL PURPOSES. PART X, LINE 2: THE SCHOOL IS A QUALIFIED ORGANIZATION EXEMPT FROM FEDERAL INCOME AND CALIFORNIA FRANCHISE TAXES UNDER THE PROVISIONS OF SECTIONS 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC") AND 23701(D) 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: LOSSES ON UNCOLLECTIBLE PLEDGES -62,888. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 4,731,485. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 4,731,485. 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 ORGANIZATION POSTS ITS NONDISCRIMINATORY POLICY ON ITS WEBSITE HOMEPAGE, WHICH INCLUDES THE POLICY AGAINST RACIAL DISCRIMINATION. BAY SPLASH 372102 360914 11188 41432 53622 7450 4274 372102 360914 11188 41432 53622 7450 4274 106778 -95590 1 SCHOLARSHIPS 120 4693823 FMV DIRECT CREDIT TO STUDENT ACCOUNT BUS TRANSPORTATION ASSISTANCE 25 37662 FMV DIRECT CREDIT TO STUDENT ACCOUNT PART I, LINE 2: FINANCIAL AID AWARDS ARE BASED ON FINANCIAL NEED AND THE AVAILABILITY OF FINANCIAL AID FUNDS. FAMILIES MUST APPLY ANNUALLY. X 1 1 X X X 1 0 0 0 0 0 0 1 0 LUKE W FELKER HEAD OF SCHOOL 564597 0 79120 0 77000 0 11625 0 13483 0 745825 0 0 0 LISE SHELTON ASSOC. HEAD OF SCHOOL (THRU 07/24) 204578 0 184788 0 0 0 10283 0 12735 0 412384 0 0 0 KEVIN ROGERS CFOO 315825 0 17875 0 0 0 18750 0 18900 0 371350 0 0 0 RICHARD LEVINE DIR. OF SPECIAL PROJECTS & OPS 251275 0 0 0 0 0 15912 0 23053 0 290240 0 0 0 DOROTHY JONES DEAN, ENROLLMENT MGMT & STRAT. ENG. 193200 0 0 0 0 0 12586 0 18495 0 224281 0 0 0 AMY TALBOT DIRECTOR OF ADVANCEMENT 200685 0 0 0 0 0 10966 0 4453 0 216104 0 0 0 LAILA MCCLAY DEAN OF ACADEMICS & INNOVATION 173885 0 6630 0 0 0 10433 0 14841 0 205789 0 0 0 MIO TSUKAMOTO DEAN OF STUDENTS 166721 0 14500 0 0 0 7149 0 11198 0 199568 0 0 0 PART I, LINE 1A LUKE W. FELKER, HEAD OF SCHOOL, RECEIVED A HOUSING ALLOWANCE OF $77,000 THAT WAS INCLUDED AS TAXABLE COMPENSATION. PART I, LINE 4A LISE SHELTON, ASSOCIATE HEAD OF SCHOOL, RECEIVED A PAYMENT OF $122,413 DURING 2024. PART I, LINE 7 THE HEAD OF SCHOOL RECEIVED A NON-FIXED DISCRETIONARY BONUS OF $79,120 AND IT WAS APPROVED BY THE BOARD EXECUTIVE COMMITTEE. OTHER EMPLOYEES MAY ALSO BE AWARDED A NON-FIXED DISCRETIONARY BONUS BASED ON PERFORMANCE AND ADDITIONAL DUTIES. THESE DECISIONS ARE MADE ON AN ANNUAL BASIS. A CALIFORNIA INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK 630304653 2022-03-10 6965000 REFINANCE PRIOR BOND ISSUED 0 0 0 A 941318 6965000 96276 1476339 5392384 2022 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 A 0 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: CALIFORNIA INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK DATE THE REBATE COMPUTATION WAS PERFORMED: 03/10/2025 LUKE W FELKER HEAD OF SCHOOL PRIMARY RESIDENCE PURCHASE X 400000 133333 0 1 1 133333 70833 SCHOLARSHIPS FINANCIAL AID NICOLE AQUINO RELATED TO BOARD VICE CHAIR LISA AQUINO 33816 EMPLOYMENT 0 LISA AQUINO BOARD VICE CHAIR 148978 CONSULTING 0 X 7 71361 PUBLICLY TRADED EXCHANGE 0 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF TRUSTEES PASSED A RESOLUTION TO AUTHORIZE THE AUDIT COMMITTEE TO APPROVE THE FORM 990. THE AUDIT COMMITTEE HELD A SPECIAL MEETING TO REVIEW THE FORM 990 AND PROVIDED A PUBLIC DISCLOSURE COPY OF THE FORM 990 FOR ALL BOARD MEMBERS TO REVIEW PRIOR TO FILING. HOWEVER, THE ORGANIZATION WILL ALSO MAKE THE FULL 990 DRAFT ACCESSIBLE TO THE BOARD OF TRUSTEES UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12C THE COI POLICY COVERS THE BAY SCHOOL OF SAN FRANCISCO'S TRUSTEES AND OFFICERS OR THEIR RELATED PERSONS. THE TRUSTEES AND OFFICERS ARE EXPECTED TO MAKE A FULL DISCLOSURE SHOULD A POTENTIAL CONFLICT OF INTEREST ARISE. ALL BOARD MEMBERS WILL BE NOTIFIED IN WRITING SHOULD ANY CONFLICT OF INTEREST BE IDENTIFIED. THE BOARD WILL FOLLOW THE PROCEDURES IN SECTION 5233 OF THE CALIFORNIA CORPORATIONS CODE IF A TRUSTEE IS FOUND TO BE AN INTERESTED TRUSTEE. THE CHAIR OF THE AUDIT COMMITTEE DISTRIBUTES THE POLICY TO ALL OF THE TRUSTEES FOR THEIR SIGNATURE ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES DELEGATED ITS AUTHORITY TO REVIEW AND ESTABLISH COMPENSATION FOR THE HEAD OF SCHOOL TO THE EXECUTIVE COMMITTEE OF THE BOARD. THE CHAIR OF THE BOARD, AS CHAIR OF THE EXECUTIVE COMMITTEE, UNDERTOOK A REVIEW OF PUBLICLY AVAILABLE INFORMATION REGARDING HEAD COMPENSATION FOR SELECTED PEER SCHOOLS. IN ADDITION, INFORMATION FROM NAIS AND CAIS ARE ALSO REVIEWED. OTHER KEY EMPLOYEE COMPENSATION WAS REVIEWED BY THE EXECUTIVE COMMITTEE OF THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF TIME SET FORTH IN SEC. 6104(D) OF THE CODE. FORM 990, PART XI, LINE 9: LOSSES ON UNCOLLECTIBLE PLEDGES -62,888.