2026-05-13T06:17:57-05:00 2025-06-30 341884125 CBIZ ADVISORS LLC 4722 N 24TH ST STE 300 PHOENIX AZ 85016 990 2024-07-01 943397589 SAN FRANCISCO FRIENDS SCHOOL SANF 4155650400 250 VALENCIA STREET SAN FRANCISCO CA 941032322 VERONIQUE KESSLER CHIEF FINANCE & OPERATIONS OFFICER 4155650400 2026-05-12 1 1 KRISTEN M BASS P01247587 6022646835 2026-05-11 2024 2025-03-06 01:10:19Z VERONIQUE KESSLER 250 VALENCIA STREET SAN FRANCISCO CA 941032322 26228625 0 X WWW.SFFRIENDSSCHOOL.ORG X 2001 CA EDUCATING, INSPIRING, & NURTURING GIRLS & BOYS IN THE TRADITION OF QUAKER LEARNING. 25 21 186 35 481 0 2475040 3666070 19458139 20681316 1358798 1414390 0 48302 23291977 25810078 3960181 4280126 0 0 12592412 13281002 0 0 775158 5790860 6248910 22343453 23810038 948524 2000040 80972321 84157301 39551554 38856971 41420767 45300330 X AT SAN FRANCISCO FRIENDS SCHOOL, STUDENTS LEARN IN A COMMUNITY GROUNDED IN THE QUAKER VALUES OF REFLECTION, INTEGRITY, PEACEFUL PROBLEM-SOLVING AND STEWARDSHIP. OUR TEACHERS CHALLENGE STUDENTS WITH A DYNAMIC CURRICULUM THAT INSPIRES CURIOSITY, COOPERATION AND HARD WORK. WE TEACH CHILDREN TO LISTEN TO ALL VOICES AND TO TRUST THEIR OWN. WE ENGAGE WITH THE WORLD AROUND US WITH KINDNESS AND CONVICTION, WORKING TOWARD THE QUAKER IDEAL OF A CARING AND JUST SOCIETY. 0 0 18480358 4280126 20729618 LOCATED IN SAN FRANCISCO'S MISSION NEIGHBORHOOD, WE ARE AN INDEPENDENT K-8 SCHOOL OFFERING AN OUTSTANDING ACADEMIC EDUCATION THAT INTEGRATES THE QUAKER VALUES OF SIMPLICITY, INTEGRITY, MUTUAL RESPECT, SERVICE TO OTHERS AND PEACEFUL PROBLEM SOLVING. SAN FRANCISCO FRIENDS SCHOOL BLENDS AN ACADEMICALLY CHALLENGING PROGRAM WITH CHARACTER DEVELOPMENT THROUGH HUMAN-CENTERED, INQUIRY-DRIVEN LEARNING. PROGRAM EXPENSES FOR THE CURRENT YEAR WERE PRIMARILY USED TO PROVIDE EDUCATION TO 442 STUDENTS IN KINDERGARTEN THROUGH EIGHTH GRADE IN ACCORDANCE WITH THE MOST VALUED PRINCIPLES OF QUAKER EDUCATION. 18480358 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 60 0 1 186 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 25 21 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X VERONIQUE KESSLER 4155650400 250 VALENCIA STREET SAN FRANCISCO CA 94103 MARC BABSIN SECRETARY 1.00 X X 0 0 0 JENNIFER HSIEH TREASURER 1.00 X X 0 0 0 YVONNE NEIRA-PEREZ CO-CLERK 1.00 X X 0 0 0 SHALINEE THAKUR CO-CLERK 1.00 X X 0 0 0 CAMILO ACOSTA TRUSTEE 1.00 X 0 0 0 SETH BRENZEL TRUSTEE 1.00 X 0 0 0 RORY EAKIN TRUSTEE 1.00 X 0 0 0 CHRYSTY ESPERANZA TRUSTEE 1.00 X 0 0 0 KELLY GREENWOOD TRUSTEE 1.00 X 0 0 0 NIKITA GUJRAL TRUSTEE 1.00 X 0 0 0 ERNIE HSIN TRUSTEE 1.00 X 0 0 0 CAITLIN KAVANAGH TRUSTEE 1.00 X 0 0 0 MATT KENASTON TRUSTEE 1.00 X 0 0 0 DAPHNE LI TRUSTEE 1.00 X 0 0 0 ROB LIPPINCOTT TRUSTEE 1.00 X 0 0 0 ELIZABETH LONGSTRETH TRUSTEE 1.00 X 0 0 0 GABY MISHEV TRUSTEE 1.00 X 0 0 0 ENRIQUE ORTEGON TRUSTEE 1.00 X 0 0 0 ALISON PINCUS TRUSTEE 1.00 X 0 0 0 ANDREW SALVERDA TRUSTEE 1.00 X 0 0 0 AMI SANGHVI TRUSTEE 1.00 X 0 0 0 NELLY SAPINSKI TRUSTEE 1.00 X 0 0 0 MICHAEL SIMMONS TRUSTEE 1.00 X 0 0 0 BEN TRANEL TRUSTEE 1.00 X 0 0 0 NEIL WADHAWAN TRUSTEE 1.00 X 0 0 0 PANKTI SEVAK HEAD OF SCHOOL 40.00 X 488081 0 62177 VERONIQUE KESSLER CFOO 40.00 X 252084 0 27558 AMABELLE SZE LOWER SCHOOL HEAD 40.00 X 195960 0 12607 PATRICE WAKELEY DIEB 40.00 X 166703 0 18792 VICTORIA KOPELEVICH CONTROLLER 40.00 X 166271 0 23923 GUYBE SLANGEN DIRECTOR OF COMMUNITY ENGAGEMENT 40.00 X 161274 0 20793 AMY ANDERSON DIRECTOR OF HORIZONS 40.00 X 151256 0 16312 1581629 0 182162 38 0 1 0 HINES BUILDING MAINTENANCE PO BOX 97 MORGAN HILL CA 95038 BUILDING MAINTENANCE 395023 ROCKWOOD DEBORAH- 220 VASQUEZ AVENUE SAN FRANCISCO CA 94127 DEVELOPMENT CONSULTING 228898 SHINE EDUCATIONAL CONSULTING LLC 2586 GREAT HWY SAN FRANCISCO CA 94116 CONSULTANT-HIGH SCHOOL TRANSITION 159500 OMAR'S JANITORIAL SERVICES 2280 CECILA AVENUE SAN FRANCISCO CA 94116 JANITORIAL SERVICES 128846 CARNEY SANDOE & ASSOCIATES 200 HIGH STREET SUITE 610 BOSTON MA 02110 EDUCATIONAL CONSULTANT 128465 9 271949 1449263 1944858 43019 3666070 TUITION AND FEES 611110 19641751 19641751 AUXILLARY 611110 1039565 1039565 20681316 1435573 481 1435092 325071 98206 248048 226865 -248048 -21183 -21183 72293 271949 72293 0 MISCELLANEOUS INCOME 611110 48302 48302 48302 25810078 20729618 481 1413909 4280126 4280126 881414 166391 631828 83195 10142982 8060349 1808926 273707 474064 355596 102594 15874 996123 778618 199932 17573 786419 602097 160911 23411 81389 81389 81436 81436 629446 53733 308179 267534 132998 20710 80127 32161 247430 38716 197955 10759 927193 723082 197822 6289 133140 67226 60984 4930 599021 434795 160574 3652 1417172 1113614 294205 9353 160316 154930 4761 625 TEACHING MATERIAL/SUPPL 1288548 1288548 TRANSLATION/COMMUNICATI 86128 67925 1315 16888 PARENT ASSOCIATION 83464 83464 CREDIT LOSSES 73055 73055 308174 117383 181584 9207 23810038 18480358 4554522 775158 739838 930638 13531977 15071606 121844 8100 9995272 9840313 20000 0 183482 193444 49952158 19060066 32107935 30892092 24271973 27221108 80972321 84157301 1325211 1368589 15626366 15590577 21439111 20771528 1160866 1126277 39551554 38856971 X 31502930 34544443 9917837 10755887 41420767 45300330 80972321 84157301 2000040 1879523 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8501425 257750 1184977 325071 9619081 7416333 245500 1091345 251753 8501425 6225045 557000 798586 164298 7416333 6243438 848860 -811972 55281 6225045 3638503 1216778 1439023 50866 6243438 0.00000 0.68296 0.31703 0 0 3912413 3912413 41883259 15764568 26118691 1005513 828654 176859 2978349 2384843 593506 172624 82001 90623 30892092 X 23584468 1879523 -4353181 -2473658 26058126 -248048 -248048 25810078 19704905 248048 248048 19456857 4353181 4353181 23810038 PART V, LINE 4: THE SCHOOL'S ENDOWMENT CONSISTS OF TWO FUNDS ESTABLISHED TO FURTHER THE MISSION AND VISION OF THE SCHOOL. PART X, LINE 2: THE SCHOOL IS A QUALIFIED ORGANIZATION EXEMPT FROM FEDERAL INCOME TAXES AND STATE FRANCHISE TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SECTION 23701D OF THE CALIFORNIA REVENUE AND TAXATION CODE, RESPECTIVELY. ACCORDINGLY, THE SCHOOL IS EXEMPT FROM FEDERAL AND CALIFORNIA INCOME TAXES AND IS NOT LIABLE FOR FEDERAL UNEMPLOYMENT TAXES. U.S. GAAP REQUIRES MANAGEMENT TO EVALUATE THE TAX POSITIONS TAKEN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE SCHOOL HAS TAKEN AN UNCERTAIN POSITION THAT MORE-LIKELY-THAN-NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT EVALUATED THE SCHOOL'S TAX POSITIONS AND CONCLUDED THAT IT MAINTAINED ITS TAX-EXEMPT STATUS AND HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. THEREFORE, NO PROVISION OR LIABILITY FOR UNKNOWN INCOME TAXES HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS. THE SCHOOL'S TAX RETURNS ARE SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. HOWEVER, THERE ARE NO EXAMINATIONS IN PROGRESS NOR ARE THERE ANY PENDING. PART XI, LINE 2D - OTHER ADJUSTMENTS: AMOUNTS NETTED AGAINST REVENUE ON AUDITED FINANCIAL STATEMENTS: TUITION ASSISTANCE -4,280,126. PROVISION FOR CREDIT LOSSES -73,055. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON DISPOSAL - PROPERTY AND EQUIPMENT -3,061. DISPOSAL OF CAPITALIZED FEES FOR CONSTRUCTION IN PROGRESS -244,987. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL - PROPERTY AND EQUIPMENT 3,061. DISPOSAL OF CAPITALIZED FEES FOR CONSTRUCTION IN PROGRESS 244,987. PART XII, LINE 4B - OTHER ADJUSTMENTS: AMOUNTS NETTED AGAINST REVENUE ON AUDITED FINANCIAL STATEMENTS: TUITION ASSISTANCE 4,280,126. PROVISION FOR CREDIT LOSSES 73,055. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL'S NON-DISCRIMINATORY POLICY IS PUBLISHED ON THE SCHOOL'S WEBSITE HTTPS://WWW.SFFRIENDSSCHOOL.ORG/QUAKER-EDUCATION/QUAKER-VALUES /DIVERSITY-MATTERS SCHEDULE E, PART I, LINE 6 SCHOOL RECEIVED $156,392 WHICH IS A PART OF THE GRANT FROM CITY AND COUNTY OF SAN FRANCISCO FOR HORIZONS PROGRAM. HORIZONS PROGRAM IS A TRANSFORMATIVE SUMMER PROGRAM FOR UNDERSERVED K-8 PUBLIC SCHOOL STUDENTS. 48 HOURS OF GIVING 344242 271949 72293 72293 344242 271949 72293 72293 72293 0 1 TUITION ASSISTANCE 130 4280126 REVENUE LESS DISCOUNT TUITION DISCOUNTS PART I, LINE 2: THE SCHOOL AWARDS TUITION ASSISTANCE DISCOUNTS TO 29% OF ITS STUDENT BODY. THESE ARE IN THE FORM OF TUITION DISCOUNTS. AWARD RECIPIENTS APPLY EACH YEAR AND ARE VETTED THROUGH A RIGOROUS SELECTION PROCESS THAT EVALUATES ELIGIBILITY BASED ON CRITERIA ESTABLISHED BY THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS. IN ADDITION, ALL APPLICANTS MUST SUPPLY TAX DOCUMENTATION AND HOUSEHOLD EXPENDITURE SCHEDULES AS PART OF THE APPLICATION PROCESS. APPLICANTS ARE AWARDED TUITION ASSISTANCE IN THE CONTEXT OF THEIR ELIGIBILITY WITHIN THE PARAMETERS OF THE CRITERIA MENTIONED ABOVE AND WITHIN THE SCOPE OF THE SCHOOL'S BUDGET ALLOCATION FOR THE YEAR. ALL RECIPIENTS RECEIVE AN ENROLLMENT CONTRACT THAT OUTLINES GROSS TUITION AND THE DISCOUNTED AMOUNT DUE. THEY SIGN THE ENROLLMENT CONTRACT ACKNOWLEDGING THE NET AMOUNT DUE AFTER ALL DISCOUNTS ARE APPLIED. X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 PANKTI SEVAK HEAD OF SCHOOL 362627 0 0 0 125454 0 21954 0 40223 0 550258 0 0 0 VERONIQUE KESSLER CFOO 252084 0 0 0 0 0 16025 0 11533 0 279642 0 0 0 AMABELLE SZE LOWER SCHOOL HEAD 195960 0 0 0 0 0 11830 0 777 0 208567 0 0 0 VICTORIA KOPELEVICH CONTROLLER 166271 0 0 0 0 0 10180 0 13743 0 190194 0 0 0 PATRICE WAKELEY DIEB 166703 0 0 0 0 0 10110 0 8682 0 185495 0 0 0 GUYBE SLANGEN DIRECTOR OF COMMUNITY ENGAGEMENT 161274 0 0 0 0 0 9744 0 11049 0 182067 0 0 0 AMY ANDERSON DIRECTOR OF HORIZONS 151256 0 0 0 0 0 9095 0 7217 0 167568 0 0 0 PART I, LINE 1A THE SCHOOL PROVIDES A DISCRETIONARY SPENDING BUDGET TO THE HEAD OF THE SCHOOL IN THE AMOUNT OF APPROXIMATELY $2,613 ANNUALLY. IN ADDITION, THE SCHOOL ALSO PROVIDES A HOUSING ALLOWANCE ANNUALLY OF $125,454. A CALIFORNIA ENTERPRISE DEVELOPMENT AUTHORITY 201563466 NONEAVAIL 2012-12-17 27188375 TO REFINANCE PRIOR BOND AND SETTLE INTEREST RATE SWAP LIABILITY 0 0 0 A 27188375 266375 26922000 2012 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 1 SCHEDULE K, PART IV, ARBITRAGE, LINE 2C: THE REBATE COMPUTATION WAS PERFORMED IN 2012. AT THAT TIME, THE SCHOOL DETERMINED THAT ALL THE BOND PROCEEDS WERE SPENT IN REFINANCING THE PRIOR BOND AND SETTLING THE INTEREST RATE SWAP LIABILITY. 177940 TUITION ASSISTANCE TUITION DISCOUNT X 12 43019 STOCK FAIR VALUE 0 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATION'S ACCOUNTING FIRM AND REVIEWED BY MANAGEMENT PRIOR TO SUBMISSION TO THE SCHOOL'S FINANCE COMMITTEE. THE FINANCE COMMITTEE REVIEWS THE FORM 990 BEFORE FILING AND REPORTS TO THE BOARD THAT THE RETURN HAS BEEN REVIEWED AND APPROVED. A REDACTED COPY OF THE FORM 990, WITH SCHEDULE B DONOR NAMES AND ADDRESSES REMOVED, IS MADE AVAILABLE TO THE BOARD FOR AT LEAST FIVE DAYS PRIOR TO FILING. ADDITIONALLY, A PUBLIC DISCLOSURE COPY OF THE FORM 990 IS AVAILABLE FROM THE CHIEF FINANCIAL & OPERATIONS OFFICER FOR ANYONE WHO WISHES TO REVIEW IT. FORM 990, PART VI, SECTION B, LINE 12C SAN FRANCISCO FRIENDS SCHOOL ("SFFS") REQUIRES ALL MEMBERS OF THE BOARD OF TRUSTEES AND KEY EMPLOYEES TO ACT IN THE BEST INTERESTS OF THE SCHOOL AND TO DISCLOSE ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST, INCLUDING FINANCIAL INTERESTS OR RELATIONSHIPS THAT COULD CREATE, OR APPEAR TO CREATE, A CONFLICT BETWEEN THEIR OBLIGATIONS TO THE SCHOOL AND THEIR PERSONAL, BUSINESS, OR OTHER INTERESTS. ALL ACTUAL AND POTENTIAL CONFLICTS OF INTERESTS SHALL BE DISCLOSED BY BOARD MEMBERS TO THE SFFS EXECUTIVE COMMITTEE WHENEVER A CONFLICT ARISES. THE DISINTERESTED MEMBERS OF THE SFFS EXECUTIVE COMMITTEE SHALL MAKE A DETERMINATION AS TO WHETHER A CONFLICT EXISTS AND WHAT SUBSEQUENT ACTION IS APPROPRIATE (IF ANY). THE SFFS EXECUTIVE COMMITTEE SHALL INFORM THE BOARD OF SUCH DETERMINATION AND ACTION. THE BOARD SHALL RETAIN THE RIGHT TO MODIFY OR REVERSE SUCH DETERMINATION AND ACTION, AND SHALL RETAIN THE ULTIMATE ENFORCEMENT AUTHORITY WITH RESPECT TO THE INTERPRETATION AND APPLICATION OF THIS POLICY. ON AN ANNUAL BASIS, ALL BOARD MEMBERS AND KEY EMPLOYEES RECEIVE A COPY OF THE SCHOOL'S CONFLICT OF INTEREST POLICY AND ARE REQUIRED TO COMPLETE AND SIGN A DISCLOSURE FORM CONFIRMING COMPLIANCE, PROMPTLY REPORTING IN WRITING ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING COMPENSATION OF THE SCHOOL'S HEAD OF SCHOOL (THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL) IS BEGUN BY KEY MEMBERS OF THE BOARD OF TRUSTEES SEVERAL MONTH PRIOR TO THE EXPIRATION OF THE HEAD OF SCHOOL'S CONTRACT. THE BOARD MEMBERS WILL SOLICIT DATA FROM THE SCHOOL'S CHIEF FINANCE AND OPERATIONS OFFICER. THE DATA IS GATHERED FROM THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS, WHICH MANAGES THE LARGEST AND MOST UP-TO-DATE DATABASE ON PRIVATE SCHOOL COMPENSATION FOR HEADS OF SCHOOL. THIS DATA IS LOOKED AT BOTH IN TERMS OF NATIONAL, REGIONAL AND LOCAL AVERAGES. THESE DATA AND THE SCHOOL'S RECOMENDATION FOR A COMPENSATION PACKAGE ARE REVIEWED AND VERIFIED INDEPENDENTLY BY A COMPENSATION CONSULTANT HIRED BY THE SCHOOL TO LOOK AT THE HEAD'S TOTAL COMPENSATION PACKAGE COMPARED TO OTHER INDEPENDENT SCHOOLS WITH WHOM THE CONSULTANT HAS WORKED, AND WHO, MOST RECENTLY, DELIVERS A REPORT TO THE BOARD OF TRUSTEES SHOWING STATISTICAL INDICATORS RELATING TO COMPENSATION FOR SCHOOL HEADS. THE PROCESS FOR DETERMINING COMPENSATION FOR THE SCHOOL'S OTHER KEY EMPLOYEES IS INITITATED BY THE HEAD OF SCHOOL, WHO REVIEWS NATIONAL, REGIONAL AND LOCAL DATA FOR SIMILAR POSITIONS IN SIMILAR SCHOOLS (INDEPENDENT ELEMENTARY SCHOOLS, ENROLLMENTS APPROXIMATELY 300-500). THIS DATA IS PROVIDED TO THE SCHOOL BY THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS, THE CALIFORNIA ASSOCIATION OF INDEPENDENT SCHOOLS, AND THE INDEPENDENT SCHOOLS BUSINESS OFFICERS ASSOCIATION OF CALIFORNIA, ALL OF WHICH COLLECT THIS DATA ANNUALLY. THE HEAD OF SCHOOL DETERMINES THE KEY EMPLOYEES' COMPENSATION BASED ON COMPARING THESE DATA, THE KEY EMPLOYEE'S LEVEL OF EXPERIENCE, AND PRIOR PERFORMANCE IN THE JOB. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL'S AUDITED FINANCIAL STATEMENTS ARE RELEASED TO THE PUBLIC UPON REQUEST. THE SCHOOL'S FORM 990 IS POSTED INDEPENDENTLY ON WWW.GUIDESTAR.ORG. THE CONFLICT OF INTEREST POLICY FOR BOARD MEMBERS IS DISTRIBUTED ANNUALY TO ALL BOARD MEMBERS AND KEY EMPLOYEES, AND THE CONFLICT OF INTEREST POLICY FOR EMPLOYEES IS PUBLISHED IN THE SCHOOL'S PERSONNEL MANUAL.