2026-05-01T15:19:30-05:00 2025-06-30 341884125 CBIZ ADVISORS LLC 4722 N 24TH ST STE 300 PHOENIX AZ 85016 990 2024-07-01 943204137 MENLO SCHOOL MENL 6503302000 50 VALPARAISO AVENUE ATHERTON CA 94027 SHELLY GUPTA CFO 6503302000 2026-05-01 1 1 KRISTEN M BASS P01247587 6022646835 2026-04-30 2024 2025-03-06 01:10:19Z THAN HEALY 50 VALPARAISO AVENUE ATHERTON CA 94027 116790001 0 X WWW.MENLOSCHOOL.ORG X 1994 CA ESTABLISH AND OPERATE AS AN EDUCATIONAL INSTITUTION FOR THE EDUCATION OF YOUNG MEN AND WOMEN. 23 23 454 839 191420 171320 18240000 16387450 46830000 51557496 4053694 28721285 7574384 1205041 76698078 97871272 7645000 8141643 0 0 40414000 43783981 0 0 2093877 24086979 26037279 72145979 77962903 4552099 19908369 341387000 355784161 80858000 84751262 260529000 271032899 X MENLO SCHOOL'S MISSION IS TO EMPOWER STUDENTS TO EXPLORE AND EXPAND THEIR INTERESTS, REACH THEIR FULLEST POTENTIAL, DEVELOP THE SKILLS NECESSARY FOR SUCCESS IN COLLEGE, AND BECOME ETHICAL, RESPONSIBLE, AND ENGAGED MEMBERS OF EVER WIDER COMMUNITIES. 0 0 68729727 8141643 52059625 MENLO SCHOOL PROVIDES INSTRUCTION FOR APPROXIMATELY 805 STUDENTS IN GRADES 6-12, OFFERING A CURRICULUM THAT FOSTERS ACADEMIC EXCELLENCE AND PERSONAL GROWTH. IN MIDDLE SCHOOL, STUDENTS ARE GUIDED BY THE HABITS OF THE HEART AND MIND AND THE HABITS OF LEARNING, SUPPORTED BY TEACHERS WHO INSPIRE, CHALLENGE, AND NURTURE THEM. HIGH SCHOOL STUDENTS BENEFIT FROM A STIMULATING ACADEMIC ENVIRONMENT WITH OPPORTUNITIES TO EXPLORE THEIR INTERESTS AND DEVELOP MEANINGFUL CONNECTIONS, PREPARING THEM FOR FUTURE SUCCESS.IN ADDITION TO THE SCHOOL'S ACADEMIC & CREATIVE ARTS PROGRAMS, OTHER STUDENT PROGRAMS AND ACTIVITIES INCLUDE: MENLO ABROAD, SUMMER PROGRAM, SCHOOL TRIPS, STUDENT LIFE EVENTS, ATHLETICS, AND CHILD DEVELOPMENT CENTER. 2617000 353228 MENLO SCHOOL PROVIDES FISCAL SPONSORSHIP FOR MUSIC@MENLO. UNDER THIS ARRANGEMENT, MENLO SCHOOL MAINTAINS CONTROL OVER FUNDS AND ACTIVITIES AND PROVIDES ADMINISTRATIVE, FINANCIAL, AND COMPLIANCE OVERSIGHT TO ENSURE ALL ACTIVITIES FURTHER CHARITABLE AND EDUCATIONAL PURPOSES.THE MISSION OF MUSIC@MENLO IS TO ENGAGE AND SUSTAIN AN AUDIENCE FOR CHAMBER MUSIC, PROGRAMMED, PRESENTED, AND PERFORMED AT THE HIGHEST LEVEL OF ARTISTIC EXCELLENCE, AND TO PROVIDE DESERVING YOUNG MUSICIANS WITH COMPREHENSIVE, FESTIVAL-BASED EDUCATIONAL OPPORTUNITIES.(CONTINUED ON SCHEDULE O)MUSIC@MENLO FEATURES UNIQUE IMMERSIVE PROGRAMMING, A ROSTER OF WORLD-CLASS ARTISTS, AND A CHAMBER MUSIC INSTITUTE FOR EMERGING AND PRE-PROFESSIONAL MUSICIANS. INTIMATE PERFORMANCE VENUES AND SIGNATURE OFFERINGS SUCH AS AUDIONOTES MP3S, CAF CONVERSATIONS, AND THE ENCOUNTER LECTURE SERIES OFFER A WIDE RANGE OF OPPORTUNITIES FOR AFICIONADOS AND NEWCOMERS OF ALL AGES TO CONNECT WITH CHAMBER MUSIC IN NEW AND INNOVATIVE WAYS.MUSIC@MENLO WAS INAUGURATED IN 2003 AT MENLO SCHOOL WITH CONCERTS, LECTURES, A TRAINING PROGRAM FOR ASPIRING PROFESSIONAL MUSICIANS, AND OPEN-TO-THE-PUBLIC MASTER CLASSES. ALL EVENTS TAKE PLACE ON MENLO SCHOOL'S CAMPUS. 71346727 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 1 0 0 0 1 155 0 1 454 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 23 23 0 0 0 0 0 1 0 1 1 0 0 0 1 0 1 1 1 1 1 0 CA X SHELLY GUPTA 6503302000 50 VALPARAISO AVENUE ATHERTON CA 94027 JOHN MALETIS SECRETARY 2.00 X X 0 0 0 LARA HOUSSER VICE CHAIR 2.00 X X 0 0 0 SAMEER DHOLAKIA CHAIR 2.00 X X 0 0 0 ABBY DURBAN TRUSTEE 2.00 X 0 0 0 BRUCE BURKARD TRUSTEE 2.00 X 0 0 0 CHRISTY RICHARDSON TRUSTEE 2.00 X 0 0 0 DAMARIS AVILA TRUSTEE 2.00 X 0 0 0 DENNIS YANG TRUSTEE 2.00 X 0 0 0 DIPENDER SALUJA TRUSTEE 2.00 X 0 0 0 DIVYA PATMAN TRUSTEE 2.00 X 0 0 0 EDRIENNE BRANDON TRUSTEE 2.00 X 0 0 0 ERIN GRANT TRUSTEE 2.00 X 0 0 0 JACK HENEGHAN TRUSTEE 2.00 X 0 0 0 JEN MULLOY TRUSTEE 2.00 X 0 0 0 JERVIS WILLIAMS TRUSTEE 2.00 X 0 0 0 JORY STEELE TRUSTEE 2.00 X 0 0 0 KERRY O' ROURKE BISCHOF TRUSTEE 2.00 X 0 0 0 MAX GAZOR TRUSTEE 2.00 X 0 0 0 NIKHIL BASU TRIVEDI TRUSTEE 2.00 X 0 0 0 OMAR AGUILAR TRUSTEE 2.00 X 0 0 0 PHIL DEUTCH TRUSTEE 2.00 X 0 0 0 PRIYANKA GOEL CHANDRASEKAR TRUSTEE 2.00 X 0 0 0 SHARON SHA TRUSTEE 2.00 X 0 0 0 STACEY BISHOP TRUSTEE 2.00 X 0 0 0 STEPHANIE M JACKSON TRUSTEE 2.00 X 0 0 0 TEKEDRA MAWEKANA TRUSTEE 2.00 X 0 0 0 NATHANIEL THAN HEALY HEAD OF SCHOOL 40.00 X 790870 0 88129 SHELLY GUPTA CFO/BUSINESS MANAGER 40.00 X 143129 0 42323 JOHN SCHAFER DIRECTOR OF UPPER SCHOOL 40.00 X 281958 0 152352 LA VINA LOWERY MIDDLE SCHOOL DIRECTOR 40.00 X 250498 0 55808 LOREN ARMS DIRECTOR OF FACILITIES 40.00 X 224583 0 71258 EARL KOBERLEIN DIRECTOR OF ATHLETICS 40.00 X 242940 0 58019 LINDA BERTETTA DIRECTOR OF FINANCE 40.00 X 215932 0 40378 CARLA DIEZ-CANSECO DIRECTOR OF HUMAN RESOURCES 40.00 X 235637 0 57148 2385547 0 565415 154 0 1 0 DFWH ENTERPRISES CO DAVID FINKEL AND W 53 EASTERN DR NEW YORK NY 10502 ARTISTIC/MUSICAL 274557 1 1966759 4757958 9662733 356406 16387450 STUDENT TUITION 611600 49609226 49609226 ANCILLARY SERVICES REV 611600 1595042 1595042 MUSIC@MENLO 611600 353228 353228 51557496 5066187 191420 4874767 239684 0 239684 239684 239684 42215000 18559902 23655098 23655098 23655098 338783 1966759 338783 0 30431 20044 10387 10387 CHILD DEVELOPMENT CENT 611600 562263 562263 OTHER INCOME 611600 203442 93442 110000 PARENT ASSOCIATION 611600 189265 189265 954970 97871272 52412853 191420 28879549 8141643 8141643 1711373 1367872 137762 205739 30821551 28162688 1788211 870652 3457758 3149638 202544 105576 5471242 4979661 321281 170300 2322057 2109124 137200 75733 145103 145103 176564 176564 448000 448000 445249 69394 230548 145307 76497 11922 39610 24965 1284616 1238629 17995 27992 112168 17482 58080 36606 1034852 998857 14998 20997 7638095 7377092 110001 151002 455187 439180 7003 9004 CURRICULUM AND STUDENT 8822377 8822377 FACILITIES AND MAINTENA 3832789 3708796 47997 75996 PARENT ASSOCIATION EXPE 429255 429255 BAD DEBT EXPENSE 358485 358485 778042 323117 280917 174008 77962903 71346727 4522299 2093877 41137000 41185391 7137000 4289425 10676000 11943303 1940000 2440000 521000 1159318 226160205 93835850 136579000 132324355 112325000 129844564 29892000 32057408 1180000 540397 341387000 355784161 6410000 6923101 42325000 45793744 32123000 32034417 80858000 84751262 X 173598000 176912899 86931000 94120000 260529000 271032899 341387000 355784161 X 19908369 -9404101 -369 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 111766000 2576000 12134000 3886000 122590000 92880000 12311000 9904000 3329000 111766000 81303000 8844000 5759000 3025000 92881000 84922000 7048000 -7938000 2729000 81303000 66184000 1726000 19759000 2747000 84922000 0.30303 0.49616 0.20081 0 0 32700000 32700000 166621382 77921131 88700251 5939837 2801591 3138246 15669295 10424130 5245165 5229691 2688998 2540693 132324355 MAKENA FUNDS 20236483 F HARBOURVEST FUNDS 9513992 F VENTURE CAPITAL FUNDS 1307418 F MVCE INVESTMENTS 999515 C 32057408 X 79469000 -9404101 20727 -9383374 88852374 448000 8570898 9018898 97871272 68606000 20480 20480 68585520 448000 8929383 9377383 77962903 PART V, LINE 4: THE SCHOOL'S ENDOWMENT CONSISTS OF APPROXIMATELY 85 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. ENDOWMENT ASSETS INCLUDE DONOR-RESTRICTED FUNDS THAT THE SCHOOL IS REQUIRED TO HOLD IN PERPETUITY OR FOR DONOR-SPECIFIED PERIODS, AS WELL AS BOARD-DESIGNATED FUNDS ESTABLISHED BY THE BOARD OF TRUSTEES. INCOME AND EARNINGS FROM ENDOWMENT INVESTMENTS ARE USED IN ACCORDANCE WITH DONOR INTENT AND BOARD DESIGNATIONS TO SUPPORT SPECIFIC PROGRAMS AND ACTIVITIES THAT FURTHER THE SCHOOL'S MISSION AND VISION. THESE PURPOSES INCLUDE FINANCIAL AID, GENERAL OPERATIONS, FACULTY SUPPORT, ATHLETICS, INSTRUCTIONAL PROGRAMS, AND OTHER EDUCATIONAL INITIATIVES. THE RETURNS FROM THE MENLO SCHOOL EDUCATORS FUND, SUBJECT TO MEETING CERTAIN CRITERIA, ARE USED TO FUND BONUSES FOR ELIGIBLE FACULTY AND STAFF. UNDER THE SCHOOL'S ENDOWMENT DISTRIBUTION POLICY, DISTRIBUTIONS ARE MADE AS NEEDED AND IN ACCORDANCE WITH APPLICABLE SPENDING GUIDELINES TO SUPPORT STUDENTS AND PROGRAMS FOR WHICH THE FUNDS HAVE BEEN DESIGNATED, WHILE PRESERVING THE LONG-TERM PURCHASING POWER OF THE ENDOWMENT. PART X, LINE 2: THE SCHOOL IS A QUALIFIED ORGANIZATION EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC") AND 23701D OF THE CALIFORNIA REVENUE AND TAXATION CODE, RESPECTIVELY. 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 TAX 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: COST OF GOODS SOLD INCLUDED IN EXPENSES 20,044. ROUNDING 683. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AND SCHOLARSHIPS NETTED AGAINST TUITION REVENUE 8,141,643. PARENT ASSOCIATION FEES NETTED AGAINST REVENUE 429,255. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD INCLUDED IN EXPENSES 20,044. ROUNDING 436. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AND SCHOLARSHIPS NETTED AGAINST TUITION REVENUE 8,141,643. PARENT ASSOCIATION FEES NETTED AGAINST REVENUE 429,255. BAD DEBT EXPENSE 358,485. 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 RACIAL NONDISCRIMINATORY POLICY IS STATED IN ITS WEBSITE: HTTPS://WWW.MENLOSCHOOL.ORG/. THE POLICY IS ALSO STATED ON THE SCHOOL'S ADMISSIONS MATERIALS. AUCTION EVENT 2305542 1966759 338783 67492 102320 168971 2305542 1966759 338783 67492 102320 168971 338783 0 1 FINANCIAL AID 173 8141643 FAIR VALUE GRANTING OF FINANCIAL AID PART I, LINE 2: THE SCHOOL AWARDS FINANCIAL AID BASED ON DEMONSTRATED FINANCIAL NEED AND ESTABLISHED POLICIES. FAMILIES SUBMIT APPLICATIONS AND FINANCIAL DOCUMENTATION THROUGH A THIRD-PARTY PLATFORM, AND THE SCHOOL REVIEWS AND APPROVES AWARDS ANNUALLY. ALL FINANCIAL AID AWARDS ARE APPLIED DIRECTLY TO STUDENTS' TUITION BALANCES. FUNDS ARE NOT DISTRIBUTED TO FAMILIES, AND THEREFORE THERE IS NO POSSIBILITY THAT AWARDS COULD BE MISAPPLIED. THE SCHOOL ALSO REQUIRES ANNUAL REAPPLICATION TO MONITOR CONTINUED ELIGIBILITY AND PROPER USE OF THE FINANCIAL AID AWARDS. X 1 1 X X X X X X 0 0 0 0 0 0 0 1 0 NATHANIEL THAN HEALY HEAD OF SCHOOL 665995 0 120214 0 4661 0 41400 0 46729 0 878999 0 0 0 JOHN SCHAFER DIRECTOR OF UPPER SCHOOL 260083 0 1875 0 20000 0 33188 0 119164 0 434310 0 0 0 LA VINA LOWERY MIDDLE SCHOOL DIRECTOR 250498 0 0 0 0 0 29816 0 25992 0 306306 0 0 0 EARL KOBERLEIN DIRECTOR OF ATHLETICS 216940 0 2000 0 24000 0 26420 0 31599 0 300959 0 0 0 LOREN ARMS DIRECTOR OF FACILITIES 224583 0 0 0 0 0 26603 0 44655 0 295841 0 0 0 CARLA DIEZ-CANSECO DIRECTOR OF HUMAN RESOURCES 211637 0 0 0 24000 0 26211 0 30937 0 292785 0 0 0 LINDA BERTETTA DIRECTOR OF FINANCE 214850 0 1082 0 0 0 26241 0 14137 0 256310 0 0 0 SHELLY GUPTA CFO/BUSINESS MANAGER 143129 0 0 0 0 0 18000 0 24323 0 185452 0 0 0 PART I, LINE 1A THE HEAD OF SCHOOL RESIDES IN A RESIDENCE OWNED BY THE SCHOOL, WHICH IS PROVIDED AS PART OF THE OVERALL COMPENSATION ARRANGEMENT. THE HOUSING IS PROVIDED FOR THE CONVENIENCE OF THE SCHOOL AND SUPPORTS THE HEAD OF SCHOOL'S PERFORMANCE OF JOB-RELATED DUTIES AND RESPONSIBILITIES; ACCORDINGLY, IT IS TREATED AS A WORKING CONDITION FRINGE BENEFIT AND IS NOT REPORTED ON SCHEDULE J. OTHER INDIVIDUALS MAY RECEIVE A HOUSING ALLOWANCE AS PART OF THEIR COMPENSATION. THEIR ALLOWANCE IS INCLUDED IN TAXABLE INCOME AND REPORTED AS OTHER COMPENSATION IN SCHEDULE J, PART II, COLUMN B. PART I, LINE 7 BONUS PAYMENTS ARE MADE BASED ON MEETING ORGANIZATIONAL GOALS AND ARE AT THE DISCRETION OF THE BOARD OF TRUSTEES. A CALIFONIA ENTERPRISE DEVELOPMENT AUTHORITY 352273601 2017-03-27 33000000 REFINANCE, PAY COST OF ISSUANCE 0 0 0 A 33000000 255178 14736809 18008013 2017 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 LAVINA LOWERY DIRECTOR OF MIDDLE SCHOOL PURCHASE OF HOME X 290000 290000 0 1 1 290000 DEBORAH BLAKE SPOUSE OF THAN HEALY, HEAD OF SCHOOL. 45592 EVENT MANAGEMENT SERVICES 0 SCHEDULE L, PART II, LOANS TO AND FROM INTERESTED PERSONS: (A) NAME OF PERSON: LA VINA LOWERY(B) RELATIONSHIP WITH ORGANIZATION: DIRECTOR OF MIDDLE SCHOOL(C) PURPOSE OF LOAN: PURCHASE OF HOMEAT JUNE 30, 2025, THE SCHOOL HAD A LOAN OUTSTANDING FROM THE CURRENT DIRECTOR OF MIDDLE SCHOOL TO HELP FINANCE THE PURCHASE OF THEIR HOME. THE LOAN IS SECURED BY A DEED OF TRUST ON THE DEBTOR'S HOME. EACH LOAN BEARS INTEREST AT 3% PER ANNUM PAYABLE MONTHLY, WITH ADDITIONAL INTEREST ACCRUING UP TO 7% PER ANNUM, BASED ON THE ANNUAL APPRECIATION OF THE HOME DURING THE LIFE OF THE LOAN. THE LOANS MAY BE REPAID AT ANY TIME WITHOUT PENALTY. UNLESS EXTENDED AT THE OPTION OF THE SCHOOL, THE LOAN IS DUE AT THE EARLIEST OF THE FOLLOWING:- UPON SALE OF THE PROPERTY OR REFINANCING OF THE FIRST MORTGAGE; OR- SIX MONTHS AFTER THE DATE THE PROPERTY CEASES TO BE THE PRINCIPAL PLACE OF RESIDENCE; OR- SIX MONTHS AFTER THE FIRST DATE ON WHICH THE BORROWER IS NO LONGER AN EMPLOYEE OF THE SCHOOL. X 56 235162 STOCK FAIR VALUE X AUCTION ITEMS 197 121244 FMV 0 0 1 0 FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNANCE COMMITTEE OF THE BOARD OF TRUSTEES REQUESTS NOMINATIONS FOR NEW TRUSTEES FROM THE BOARD OF TRUSTEES. THE NOMINEES ARE VETTED BY THE GOVERNANCE COMMITTEE AND PRESENTED TO THE BOARD IN THE APRIL MEETING. THE BOARD ELECTS NEW TRUSTEES IN THE MAY BOARD MEETING. ONLY TRUSTEES ELECT NEW TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATION'S ACCOUNTING FIRM AND REVIEWED BY THE CFO AND DIRECTOR OF FINANCE PRIOR TO FILING. A REDACTED COPY OF THE FORM 990, WITH SCHEDULE B DONOR NAMES AND ADDRESSES REMOVED, IS REVIEWED BY THE AUDIT COMMITTEE PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE SCHOOL REQUIRES ALL MEMBERS OF THE BOARD OF TRUSTEES AND OFFICERS OF THE ORGANIZATION TO ANNUALLY DISCLOSE POTENTIAL CONFLICTS OF INTEREST, WHICH ARE REVIEWED BY THE AUDIT COMMITTEE. THE BOARD IS GENERALLY PROHIBITED FROM APPROVING SELF-DEALING TRANSACTIONS INVOLVING TRUSTEES OR OFFICERS WITH A MATERIAL FINANCIAL INTEREST. IF A POTENTIAL CONFLICT ARISES, THE BOARD MAY APPROVE THE TRANSACTION ONLY AFTER DETERMINING, IN GOOD FAITH AND FOLLOWING REASONABLE INVESTIGATION, THAT THE ARRANGEMENT IS FAIR, REASONABLE, AND IN THE BEST INTERESTS OF THE SCHOOL. APPROVAL REQUIRES A MAJORITY VOTE OF DISINTERESTED TRUSTEES, AND TRANSACTIONS EXCEEDING $50,000 WITH INTERESTED PERSONS ARE DISCLOSED TO THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION FOR THE HEAD OF SCHOOL AND CFO IS REVIEWED AND APPROVED BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES. IN DETERMINING COMPENSATION, THE COMMITTEE CONSIDERS COMPARABLE COMPENSATION DATA FROM SIMILARLY SITUATED SCHOOLS AND ORGANIZATIONS. THE COMMITTEE DOCUMENTS ITS REVIEW AND APPROVAL IN CONTEMPORANEOUS MEETING MINUTES. THIS PROCESS WAS LAST UNDERTAKEN IN THE CURRENT FISCAL YEAR. COMPENSATION FOR THE DIRECTOR OF UPPER SCHOOL AND OTHER KEY EMPLOYEES IS DETERMINED THROUGH THE SCHOOL'S STANDARD ANNUAL COMPENSATION REVIEW PROCESS FOR FACULTY AND STAFF. THE DIRECTOR OF HUMAN RESOURCES REVIEWS COMPENSATION DATA FROM PEER SCHOOLS TO ENSURE MARKET COMPETITIVENESS AND INCORPORATES THIS ANALYSIS INTO THE ANNUAL BUDGET PROPOSAL. THE PROPOSED COMPENSATION ADJUSTMENTS ARE REVIEWED BY THE FINANCE COMMITTEE, WHICH PROVIDES A RECOMMENDATION TO THE BOARD OF TRUSTEES. THE BOARD OF TRUSTEES REVIEWS AND APPROVES THE FINAL BUDGET, INCLUDING COMPENSATION. BOTH THE FINANCE COMMITTEE AND THE BOARD OF TRUSTEES DOCUMENT THEIR REVIEW, RECOMMENDATION, AND APPROVAL IN CONTEMPORANEOUS MEETING MINUTES. THIS PROCESS WAS LAST UNDERTAKEN IN THE CURRENT FISCAL YEAR. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE BY REQUEST. GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE IN THE BOARD SECRETARY'S OFFICE. FINANCIAL STATEMENTS ARE IN THE BUSINESS OFFICE. FORM 990, PART XI, LINE 9: NET ASSETS ROUNDING PRIOR PERIOD ADJUSTMENT -369. MENLO SCHOOL AND MENLO COLLEGE C/O MENLO SCHOOL 50 VALPARAISO AVEN ATHERTON CA 94027 941156656 SUPPORT ACTIVITIES OF ITS AFFILIATED ORGANIZATIONS, MENLO SCHOOL AND COLLEGE CA 501(C)(3) LINE 12A, I N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 MENLO SCHOOL AND MENLO COLLEGE P 96000 ESTIMATED COST