2024-03-11T14:57:16-05:00 2023-06-30 941250261 LINDQUIST VON HUSEN & JOYCE LLP 301 HOWARD STREET SUITE 850 SAN FRANCISCO CA 94105 990 2022-07-01 942153158 LIVE OAK A LEARNING CENTER FOR CHILDREN LIVE 4158618840 1555 MARIPOSA STREET SAN FRANCISCO CA 94107 VIRGINIA PAIK HEAD OF SCHOOL 4158618840 2024-03-11 1 VIRGINIA PAIK 999009999 0 KYLE GANLEY P01443362 4159579999 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z VIRGINIA PAIK 1555 MARIPOSA STREET SAN FRANCISCO CA 94107 42631564 0 X WWW.LIVEOAKSF.ORG X 1971 CA SEE SCHEDULE O.FULL IN-PERSON LEARNING FOR THE 2022-23 SCHOOL YEAR. EXTENDED CARE, ATHLETICS, AND EXPERIENTIAL PROGRAMS (FIELD TRIPS, OUTDOOR EDUCATION, OVERNIGHT TRIPS) PROGRAMMED AS IN PRE-PANDEMIC YEARS. CONTINUED AGREEMENTS WITH KITCHEN VENDOR (FOR ALL SCHOOL LUNCH SERVICE), IT/NETWORKING CONSULTANTS, AND FACILITIES MANAGEMENT COMPANY. 20 18 117 349 0 0 2592451 1117670 16983291 17599904 18664 253600 0 0 19594406 18971174 2496789 3057862 0 0 9519841 10011508 0 0 726929 6311464 6612089 18328094 19681459 1266312 -710285 40489721 59839840 18315480 37982391 22174241 21857449 X SEE SCHEDULE O.LIVE OAK SCHOOL SUPPORTS THE POTENTIAL AND PROMISE OF EACH STUDENT. WE PROVIDE A STRONG ACADEMIC FOUNDATION, FOSTER SKILLS TO EFFECT CHANGE, AND DEVELOP COURAGEOUS AND CONSCIENTIOUS LEARNERS FROM ALL BACKGROUNDS. WE INSPIRE STUDENTS TO ADVANCE EQUITY AND INCLUSION, TO ACT WITH COMPASSION AND INTEGRITY, AND TO PURSUE A LIFELONG PASSION FOR LEARNING. 0 0 16137773 3057862 17073193 EDUCATIONAL PROGRAM: LIVE OAK SCHOOL ENROLLED 419 STUDENTS AND OPERATED 174 SCHOOL DAYS WITH 117 STAFF. 287522 526711 EXTENDED CARE: PROGRAMMING INCLUDES EXTENDED CARE, HOLIDAY CARE, ROOTS AND BRANCHES (SOCCER, TAEKWONDO, STEM, ETC.), AND PRIVATE MUSIC LESSONS. 16425295 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 36 0 1 117 1 0 0 0 0 0 0 0 0 0 0 0 0 X 20 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA X ERIK PAXMAN 4158618840 1555 MARIPOSA STREET SAN FRANCISCO CA 94107 REGINA EBERHART CHAIRPERSON 4.00 X X 0 0 0 VOLTAIRE VILLANUEVA VICE CHAIR 2.00 X X 0 0 0 AJAY GOPAL TREASURER 2.00 X X 0 0 0 BRENDA MCCONATHY SECRETARY 2.00 X X 0 0 0 DREW WILLIAMSON TRUSTEE 2.00 X 0 0 0 ROSEANNE BARRY TRUSTEE 2.00 X 0 0 0 PHIL GUTIERREZ TRUSTEE 2.00 X 0 0 0 RACHEL BERNSTEIN TRUSTEE 2.00 X 0 0 0 HANMIN LEE TRUSTEE 2.00 X 0 0 0 JOANNE CRONIN TRUSTEE 2.00 X 0 0 0 DIANA LIE TRUSTEE 2.00 X 0 0 0 JULES DAY PGA CHAIR 2.00 X 0 0 0 NATE LUNDY TRUSTEE 2.00 X 0 0 0 TOM MURPHY TRUSTEE 2.00 X 0 0 0 GINA PATTERSON TRUSTEE 2.00 X 0 0 0 ANDREA SAINT-PRIX TRUSTEE 2.00 X 0 0 0 JACK POINDEXTER TRUSTEE 2.00 X 0 0 0 EVAN WOLF TRUSTEE 2.00 X 0 0 0 ARLEIGH GIROUX TRUSTEE/FACULTY 41.00 X 108513 0 16861 JILL PIERCE TRUSTEE/FACULTY 41.00 X 89082 0 14453 VIRGINIA PAIK HEAD OF SCHOOL 80.00 X 545428 0 37284 ERIK PAXMAN DIRECTOR OF FINANCE & OPS. 50.00 X 238892 0 23619 VICTORIA LADEW LOWER SCHOOL HEAD 50.00 X 176640 0 18304 TRACEY GERSTEN DIRECTOR OF ADMISSIONS 50.00 X 166787 0 27664 MARY ANN CHIN NG DIRECTOR OF LEARNING SRVCS 50.00 X 134790 0 9880 FRANCISCA GUZMAN DIRECTOR OF ADVANCEMENT 50.00 X 133275 0 15218 ADRIAN SILLS-TAKYI DIR. OF DIVERSITY EQUITY & INCLUSION 50.00 X 123209 0 15262 1716616 0 178545 15 0 1 0 KRMR LLC 683 BRANNAN STREET 308 SAN FRANCISCO CA 94107 LANDLORD 1027988 DARIOUSH EPICURUS INC 900 DOOLITTLE DR 7A SAN LEANDRO CA 94577 SCHOOL LUNCH PROVIDER 712489 HINES SERVICES INC 91 LOST LAKE LANE CAMPBELL CA 95008 FACILITY MANAGEMENT 468580 PROJECT POTRERO PLAY LLC 65 29TH STREET SAN FRANCISCO CA 94110 AFTER SCHOOL SPORTS 160837 ACADEMIC EXPEDITION INC PO BOX 7661 CHARLOTTESVILLE VA 22906 OUTDOOR/EXPERIENTIAL EDUCATION TRIP 154530 5 1117670 24132 1117670 TUITION & FEE 611600 17503873 17503873 OTHER INCOME 611600 96031 96031 17599904 207462 207462 23706528 23660390 46138 46138 46138 18971174 17599904 0 253600 3057862 3057862 1196956 878566 270512 47878 7278712 5342574 1644989 291149 418058 306855 94481 16722 512792 376389 115891 20512 604990 444062 136728 24200 53391 51404 1490 497 50447 48571 1407 469 2000 1926 56 18 267713 97203 170510 1355719 1315319 40400 271862 261749 7585 2528 1098563 1057696 30650 10217 103348 99504 2883 961 OTHER PROGRAM EXPENSES 1450174 1450174 LUNCH PROGRAM 659241 659241 FACILITIES MAINT/REPAIR 550993 530496 15373 5124 UTILITIES 354686 341491 9896 3299 393952 201416 59691 132845 19681459 16425295 2529235 726929 1299323 461075 9638795 8560880 256110 251910 5233 11078 284928 303067 32111750 11709340 21465345 20402410 7428392 9280603 111595 20568817 40489721 59839840 1039288 956270 9135438 8645074 7569644 7305387 455087 305164 116023 20770496 18315480 37982391 X 19619053 19269883 2555188 2587566 22174241 21857449 40489721 59839840 -710285 393493 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2480836 -19240 2461596 2856228 -375392 2480836 2262300 593928 2856228 2203456 31934 26910 2262300 2135062 13301 149093 94000 2203456 0.68962 0.31038 0 0 3017877 3017877 19399526 7562556 11836970 6106589 1475966 4630623 3501919 2632835 869084 85839 37983 47856 20402410 SECURITY AND TERMINATION DEPOSIT 111128 CONSTRUCTION IN PROGRESS 36114 RIGHT-OF-USE ASSET OPERATING LEASE 20372661 RIGHT-OF-USE ASSET FINANCE LEASE 48914 20568817 INTEREST PAYABLE 21727 OPERATING LEASE LIABILITY 20698460 FINANCE LEASE LIABILITY 42575 OTHER PAYABLES 7734 20770496 X 16306805 393493 393493 15913312 3057862 3057862 18971174 16623597 0 16623597 3057862 3057862 19681459 PART X, LINE 2: MANAGEMENT BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. LIVE OAK'S FEDERAL AND STATE INFORMATION RETURNS FOR THE YEARS 2019 THROUGH 2022 ARE SUBJECT TO EXAMINATION BY REGULATORY AGENCIES, GENERALLY FOR THREE YEARS AND FOUR YEARS AFTER THEY WERE FILED FOR FEDERAL AND STATE, RESPECTIVELY. PART XI, LINE 4B - OTHER ADJUSTMENTS: TUITION DISCOUNTS 3,057,862. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION DISCOUNTS 3,057,862. 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 POLICY IS POSTED ON THE SCHOOL WEBSITE. 1 TUITION ASSISTANCE TO STUDENTS - REDUCED FEES 94 3018287 ACTUAL AMOUNT TUITION REDUCTION TUITION ASSISTANCE TO STUDENTS - SCHOLARSHIPS 1 39575 PART I, LINE 2: GRANTS ARE FOR A REDUCTION IN TUITION AND A REDUCTION IN THE COST OF ACTIVITIES, SO THE GRANTS CAN ONLY BE USED FOR THE INTENDED PURPOSE. PART III, COLUMN (F) DESCRIPTION OF NONCASH ASSISTANCE : LIVE OAK SCHOOL'S ADJUSTED TUITION PROGRAM ENABLES FAMILIES OF MANY SOCIO-ECONOMIC BACKGROUNDS TO AFFORD A LIVE OAK EDUCATION. TO PARTICIPATE IN THE ADJUSTED TUITION PROGRAM, FAMILIES SUBMIT THEIR HOUSEHOLD FINANCIAL INFORMATION THROUGH A THIRD PARTY VENDOR. THE INFORMATION, INCLUDING TAX RETURNS, IS REVIEWED BY AND AN AFFORDABLE TUITION LEVEL IS SET FOR THE FAMILY. THE ADJUSTED TUITION PROGRAM COVERS TUITION, EXTENDED CARE FEES, AND LEARNING SERVICES/SUPPORT. X 1 0 X X X X X X 0 0 0 0 0 0 0 0 0 VIRGINIA PAIK HEAD OF SCHOOL 418171 0 50000 0 77257 0 29272 0 8012 0 582712 0 0 0 ERIK PAXMAN DIRECTOR OF FINANCE & OPS. 238892 0 0 0 0 0 14334 0 9285 0 262511 0 0 0 VICTORIA LADEW LOWER SCHOOL HEAD 176640 0 0 0 0 0 10598 0 7706 0 194944 0 0 0 TRACEY GERSTEN DIRECTOR OF ADMISSIONS 166787 0 0 0 0 0 11675 0 15989 0 194451 0 0 0 A CALIFORNIA ENTERPRISE DEVELOPMENT AUTHORITY 352273601 2015-07-01 8300000 LOAN REFINANCE - CONSTRUCTION 0 0 0 A 8300000 20750 5329250 2950000 2018 0 0 1 1 A 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 A 0 SCHEDULE K, PART I TO V: BEGINNING OF 2015-16 IT WAS THE ORGANIZATION'S INTERPRETATION AT THE TIME, THAT THE TAX-EXEMPT BOND WOULD BE TREATED AS A NOTE HELD BY THE COMMERCIAL LENDER, FIRST REPUBLIC BANK. STARTING 2019-20, THE ORGANIZATION HAS DECIDED IT WOULD BE APPROPRIATE TO DISCLOSE THE NOTE AS A TAX-EXEMPT BOND AND REPORT ALL REQUIRED INFORMATION ON FORM 990 AND SCHEDULE K. VOLTAIRE VILLANUEVA TRUSTEE 67625 DISCOUNTED TUITION TUITION ASSISTANCE JOANNE CRONIN TRUSTEE 64100 DISCOUNTED TUITION TUITION ASSISTANCE NATE LUNDY TRUSTEE 37625 DISCOUNTED TUITION TUITION ASSISTANCE ERIK PAXMAN DIRECTOR OF FINANCE & OPS. 15672 DISCOUNTED TUITION TUITION ASSISTANCE FORM 990, PART I, LINES 20 AND 21: EFFECTIVE JULY 1, 2022 LIVE OAK ADOPTED A NEW ACCOUNTING STANDARD ON LEASES, REQUIRED BY ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA, AMENDS BOTH LESSOR AND LESSEE ACCOUNTING WITH THE MOST SIGNIFICANT CHANGE BEING THE REQUIREMENT FOR LESSEES TO ACCOUNT FOR LEASES AS EITHER FINANCE LEASES OR OPERATING LEASES AND TO RECOGNIZE RIGHT-OF-USE (ROU) ASSETS AND CORRESPONDING LEASE LIABILITIES ON THE STATEMENT OF FINANCIAL POSITION FOR ALL LEASES OTHER THAN LEASES WITH TERMS OF 12 MONTHS OR LESS. FOR FINANCE LEASES, LESSEES WOULD RECOGNIZE INTEREST EXPENSE AND AMORTIZATION OF THE ROU ASSET, AND FOR OPERATING LEASES, LESSEES WOULD RECOGNIZE STRAIGHT-LINE TOTAL RENT EXPENSE. THE ACCOUNTING STANDARD ALSO REQUIRES ADDITIONAL DISCLOSURES ABOUT THE AMOUNT, TIMING, AND UNCERTAINTY OF CASH FLOWS ARISING FROM LEASES. LIVE OAK ACCOUNTS FOR THE EXISTING SCHOOL LEASE AS AN OPERATING LEASE. AS OF JULY 1, 2022, ADOPTION OF THE NEW LEASING STANDARD RESULTED IN RECOGNITION OF AN ROU ASSET OPERATING LEASES OF $20,698,640 AND AN INCREASE IN OPERATING LEASE LIABILITY OF $20,698,640. LIVE OAK ACCOUNTS FOR THE EXISTING COMPUTER LEASE AS A FINANCE LEASE. AS OF JULY 1, 2022, ADOPTION OF THE NEW LEASING STANDARD RESULTED IN RECOGNITION OF AN ROU ASSET FINANCE LEASE OF $90,841 AND AN INCREASE IN FINANCE LEASE LIABILITY OF $83,810. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE REVIEWS THE 990, AND SENDS IT TO THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE PROVIDES A COPY TO EACH BOARD MEMBER PRIOR TO VOTING. FORM 990, PART VI, SECTION B, LINE 12C EACH MEMBER OF THE BOARD SIGNS A DECLARATION EACH YEAR THAT THEY HAVE NO CONFLICTS. THE SCHOOL BIDS OUT ALL SIGNIFICANT CONTRACTS TO ENSURE THAT ALL WORK IS DONE WITHOUT CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION COMMITTEE (4 BOARD MEMBERS) WORKED WITH A CONSULTANT IN ORDER TO COMPARE THE EXISTING EMPLOYMENT CONTRACT (VALID UNTIL JUNE 2023) FOR THE HEAD OF SCHOOL TO INDUSTRY AND LOCAL INDEPENDENT SCHOOL BENCHMARKS. BASED ON THE WORK WITH THE CONSULTANT, THE LIVE OAK BOARD OF TRUSTEES AND THE HEAD OF SCHOOL ENTERED INTO NEW A 5-YEAR CONTRACT THAT BEGAN ON JULY 1, 2022 AND RUNS THROUGH JUNE 30, 2027. FORM 990, PART VI, SECTION C, LINE 19 PARTS OF THESE DOCUMENTS ARE AVAILABLE ON THE SCHOOL'S WEBSITE, AND THE FINANCIAL INFORMATION IS AVAILABLE ON THE 990. FORM 990, PART XII, LINE 2C: THE REVIEW PROCESS HAS NOT BEEN CHANGED FROM PRIOR YEAR.