Civic Intelligence

Parnassus Preparatory School

990 • Fiscal year 2015 • EIN 27-1088745

Jul 01, 2014 to Jun 30, 2015 • Filed on Feb 02, 2016

11201 96th Avenue NorthMaple Grove, MN 55369

(763) 496-1416

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

88th percentile

0.88x

Higher debt load relative to assets than 88% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

67th percentile

0.42x

Higher debt load relative to revenue than 67% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Net Margin

59th percentile

5.6%

Higher net margin than 59% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

64th percentile

$152,270

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Asset Growth

95th percentile

65%

Faster asset growth than 95% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

75th percentile

17%

Faster revenue growth than 75% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Assets

Up

$3,718,124

Up $1,470,244 (+65%) from 2014

Net Assets

Down

$452,128

Down $1,345,303 (-75%) from 2014

Liabilities

Up

$3,265,996

Up $2,815,547 (+625%) from 2014

Revenue

Up

$7,799,104

Up $1,114,526 (+17%) from 2014

Expenses

Up

$7,364,549

Up $1,265,791 (+21%) from 2014

Net Income

Down

$434,555

Down $151,265 (-26%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0-$5.0MAssets 2012: $1,182,585Liabilities 2012: $675,338Net Assets 2012: $507,2472012Assets 2013: $1,679,382Liabilities 2013: $467,771Net Assets 2013: $1,211,6112013Assets 2014: $2,247,880Liabilities 2014: $450,449Net Assets 2014: $1,797,4312014Assets 2015: $3,718,124Liabilities 2015: $3,265,996Net Assets 2015: $452,1282015Assets 2016: $4,712,552Liabilities 2016: $3,865,354Net Assets 2016: $847,1982016Assets 2017: $13,461,294Liabilities 2017: $13,984,797Net Assets 2017: -$523,5032017Assets 2018: $13,858,505Liabilities 2018: $16,546,434Net Assets 2018: -$2,687,9292018Assets 2019: $13,140,219Liabilities 2019: $14,439,853Net Assets 2019: -$1,299,6342019Assets 2020: $11,914,292Liabilities 2020: $13,942,632Net Assets 2020: -$2,028,3402020Assets 2021: $12,185,042Liabilities 2021: $13,743,081Net Assets 2021: -$1,558,0392021Assets 2022: $11,987,253Liabilities 2022: $13,327,311Net Assets 2022: -$1,340,0582022Assets 2023: $13,536,734Liabilities 2023: $11,894,630Net Assets 2023: $1,642,1042023Assets 2024: $13,167,126Liabilities 2024: $10,611,563Net Assets 2024: $2,555,5632024

Highlighted filing

2015

Assets$3,718,124
Liabilities$3,265,996
Net Assets$452,128

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20M$10M$0-$10MExpenses 2012: $2,648,1692012Expenses 2013: $4,480,9512013Revenue 2014: $6,684,578Expenses 2014: $6,098,758Net Income 2014: $585,8202014Revenue 2015: $7,799,104Expenses 2015: $7,364,549Net Income 2015: $434,5552015Revenue 2016: $8,712,682Expenses 2016: $8,317,612Net Income 2016: $395,0702016Revenue 2017: $10,198,768Expenses 2017: $11,569,469Net Income 2017: -$1,370,7012017Revenue 2018: $11,251,782Expenses 2018: $13,416,208Net Income 2018: -$2,164,4262018Revenue 2019: $12,006,154Expenses 2019: $10,617,859Net Income 2019: $1,388,2952019Revenue 2020: $13,112,126Expenses 2020: $13,840,832Net Income 2020: -$728,7062020Revenue 2021: $15,070,425Expenses 2021: $13,927,922Net Income 2021: $1,142,5032021Revenue 2022: $16,239,729Expenses 2022: $15,805,767Net Income 2022: $433,9622022Revenue 2023: $17,090,519Expenses 2023: $16,052,437Net Income 2023: $1,038,0822023Revenue 2024: $18,510,542Expenses 2024: $17,422,926Net Income 2024: $1,087,6162024

Highlighted filing

2015

Revenue$7,799,104
Expenses$7,364,549
Net Income$434,555
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Feb 2, 2016
Return Version
2014v6.0
Gross Receipts
$7,799,104
Mission and Program Overview

Mission

The mission of parnassus preparatory school is to provide students with a classical education, grounded in the classical trivium, that demands their best in intellectual achievement and character development.

The mission of parnassus preparatory school is to provide students with a k-12 classical education grounded in the classical trivium that demands their best in intellectual achievement and character development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,223,300$1,248,625▲ $25,325
Accounts Receivable$751,934$995,200▲ $243,266
Land, Buildings, and Equipment, Net$215,412$306,766▲ $91,354
Pd in Cap Srpls Land Bldg Eqp Fund$215,412$306,766▲ $91,354
Prepaid Expenses and Deferred Charges$57,234$218,389▲ $161,155
Cap Stk Tr Prin Current Funds$1,582,019$145,362▼ $1,436,657
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Total Assets$2,247,880$3,718,124▲ $1,470,244
Other Assets Total$0$949,144▲ $949,144
Liabilities
Other Liabilities$0$2,767,820▲ $2,767,820
Accounts Payable and Accrued Expenses$443,412$492,247▲ $48,835
Deferred Revenue$7,037$5,929▼ $1,108
Total Liabilities$450,449$3,265,996▲ $2,815,547
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,797,431$452,128▼ $1,345,303
Total Liabilities and Net Assets / Fund Balance$2,247,880$3,718,124▲ $1,470,244

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$208,414$23,367$231,781
Equipment$79,715$20,091$99,806
Other Land Buildings$18,637$174$18,811
Other Assets Org$949,144--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Constance FordExecutive DirectorFT$117,083$35,187$152,270
Barb RoseMember & EmployeeFT$49,175$17,853$67,028

Board Members and Trustees

NameTitle
Greg FriessBoard Chair and Treasurer
Heather RossBoard Vice Chair
Ken ZigrinoBoard Secretary
Nancy RigbyMember

Highest Paid Contractors

ContractorServicesLocationCompensation
Metropolitan Transportation Network INCStudent Tranportation8260 HICKORY ST NE, Fridley, MN 55432$404,456
Teaching TempsSubstitution Services5300 GLENWOOD AVE STE 300, Minneapolis, MN 55422$311,204
Done Right FoodsFood Service ProgramPO BOX 21153, Columbia Heights, MN 55421$178,389
Mn Cln ServicesCleaning Services11301 WEST 47TH STREET, Minnetonka, MN 55343$120,963
Macphail Center For MusicMusic Program501 S 2ND STREET, Minneapolis, MN 55401$101,316
Revenue and Support

Revenue Composition

Contributions and Grants
$7,547,776
Program Service Revenue
$251,233
Investment Income
$95
Other Revenue
$0
All Other Contributions
$57,897
Change in Net Assets
$434,555

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,799,104
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$7,799,104
Total Revenue per Form 990
$7,799,104
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,049,470
Salaries, Compensation, and Employee Benefits$3,315,079
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,061,741$386,255-$2,447,996
Fees for Services Other$1,545,970$290,449-$1,836,419
Occupancy$1,304,955$116,925-$1,421,880
Other Employee Benefits$183,118$67,132-$250,250
Current Officers, Directors, Trustees, and Key Employees$69,830$151,521-$221,351
Pension Plan Contributions$156,799$41,172-$197,971
Payroll Taxes$155,864$41,647-$197,511
Office Expenses$76,440$84,756-$161,196
Travel$53,711$214-$53,925
Insurance$17,596$15,766-$33,362
All Other Expenses$22,397--$22,397
Depreciation Depletion$18,132$2,938-$21,070
Other Expenses$7,512$688-$8,200
Total Functional Expenses$6,144,751$1,219,798$0$7,364,549

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,364,549
Total Expenses per Audited Statements$7,364,549
Total Expenses per Form 990$7,364,549
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Shawn FordSpouse of Executive DirectorPaid EmployeeNo$52,353
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Pension Liability Lt$2,116,522
Deferred Inflows of Resources$651,298
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Each parent or legal guardian of a student and each employee of the school shall have one (1) vote for nominees to the board.

Form 990, Part VI, Section A, Line 7A

Elections are held where all parents and staff of parnassus can elect board members on a yearly basis or when board terms are up.

Form 990, Part VI, Section A, Line 8B

There are no such committees.

Form 990, Part VI, Section B, Line 11

Tax organizer is prepared by bkda (financial manager), the draft 990 is then reviewed by the finance committee and then sent to the board for review and approval.

Form 990, Part VI, Section B, Line 12C

Board members sign a conflict of interest statement as a condition of service on the board. This is currently done once per term of the member. Each board member provides a signed conflict of interest form as part of our annual audit.

Form 990, Part VI, Section B, Line 15

Compensation for the executive director is determined by examining the pay of similar positions in other charter schools. Executive director compensation is approved by the board as part of the annual budget approval process. Compensation of all other employees is determined by the executive director. Compensation is also reviewed by our finance committee. This committee does not have any executive authority and is designed to provide support to school administration and the board.

Form 990, Part VI, Section C, Line 19

These items are all public and are kept on file at the school offices and can be reviewed upon request.

Filing and Contact Details

Filer

Filer Name
Parnassus Preparatory School
EIN
27-1088745
Phone
7634961416
Address
11201 96TH AVENUE NORTH, MAPLE GROVE, MN 55369

Signing Officer

Name
Constance Ford
Title
Executive Director
Phone
7634961416
Signed
2016-02-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Constance Ford
Formed
2009
Legal Domicile
Mn
Voting Board Members
5
Independent Board Members
4
Employees
80
Volunteers
20

Preparer

Firm
Redpath and Company Ltd
Address
4810 WHITE BEAR PARKWAY, WHITE BEAR LAKE, MN 55110
Preparer
Ashley C Rehn CPA
Phone
6514267000
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Special education: program service expenses 486,820. Management and general expenses 0. Fundraising expenses 0. Total expenses 486,820. Other fees: program service expenses 638,555. Management and general expenses 290,449. Fundraising expenses 0. Total expenses 929,004. Transportation: program service expenses 420,595. Management and general expenses 0. Fundraising expenses 0. Total expenses 420,595.

Financial Statement Notes

PART X, LINE 2:

A tax expense or benefit from an uncertain income tax position (including tax-exempt status) may be recognized only when it is more likely than not that the position will be sustained upon examination by taxing authorities. Management believes the school has no uncertain income tax positions that would result in an accrual, expense or benefit under the more likely than not standard. Generally, tax files for the prior three years remain open to inspection by regulatory authorities.

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IRS990/LandBldgEquipCostOrOtherBssAmt0350398
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE MISSION OF PARNASSUS PREPARATORY SCHOOL IS TO PROVIDE STUDENTS WITH A K-12 CLASSICAL EDUCATION GROUNDED IN THE CLASSICAL TRIVIUM THAT DEMANDS THEIR BEST IN INTELLECTUAL ACHIEVEMENT AND CHARACTER DEVELOPMENT.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01797431
IRS990/NetAssetsOrFundBalancesEOYAmt0452128
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0116925
IRS990/OccupancyGrp/ProgramServicesAmt01304955
IRS990/OccupancyGrp/TotalAmt01421880
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt084756
IRS990/OfficeExpensesGrp/ProgramServicesAmt076440
IRS990/OfficeExpensesGrp/TotalAmt0161196
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt0949144
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt067132
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0183118
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0250250
IRS990/OtherExpensesGrp/Desc0FOOD
IRS990/OtherExpensesGrp/Desc1INSTRUCTIONAL MATERIALS
IRS990/OtherExpensesGrp/Desc2SMALL EQUIPMENT
IRS990/OtherExpensesGrp/Desc3DUES, MEMBERSHIP, LICEN
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03184
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt117151
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2688
IRS990/OtherExpensesGrp/ProgramServicesAmt0187697
IRS990/OtherExpensesGrp/ProgramServicesAmt1174643
IRS990/OtherExpensesGrp/ProgramServicesAmt2108346
IRS990/OtherExpensesGrp/ProgramServicesAmt37512
IRS990/OtherExpensesGrp/TotalAmt0190881
IRS990/OtherExpensesGrp/TotalAmt1174643
IRS990/OtherExpensesGrp/TotalAmt2125497
IRS990/OtherExpensesGrp/TotalAmt38200
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt02767820
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0386255
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02061741
IRS990/OtherSalariesAndWagesGrp/TotalAmt02447996
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt041647
IRS990/PayrollTaxesGrp/ProgramServicesAmt0155864
IRS990/PayrollTaxesGrp/TotalAmt0197511
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt0215412
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt0306766
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt041172
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0156799
IRS990/PensionPlanContributionsGrp/TotalAmt0197971
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt057234
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0218389
IRS990/PrincipalOfficerNm0CONSTANCE FORD
IRS990/PriorPeriodAdjustmentsAmt0-1779858
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM FEES
IRS990/ProgramServiceRevenueGrp/Desc1FOOD SALES
IRS990/ProgramServiceRevenueGrp/ExclusionAmt075277
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0175956
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0175956
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt175277
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt06275842
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt03436226
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0408736
IRS990/PYRevenuesLessExpensesAmt0585820
IRS990/PYSalariesCompEmpBnftPaidAmt02662532
IRS990/PYTotalExpensesAmt06098758
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06684578
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0434555
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0175956
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt079715
IRS990ScheduleD/EquipmentGrp/DepreciationAmt020091
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt099806
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt07364549
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0208414
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt023367
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0231781
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0949144
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED OUTFLOWS OF RESOURCES
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt018637
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0174
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt018811
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0651298
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12116522
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED INFLOWS OF RESOURCES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PENSION LIABILITY LT
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt07799104
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0A TAX EXPENSE OR BENEFIT FROM AN UNCERTAIN INCOME TAX POSITION (INCLUDING TAX-EXEMPT STATUS) MAY BE RECOGNIZED ONLY WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT BELIEVES THE SCHOOL HAS NO UNCERTAIN INCOME TAX POSITIONS THAT WOULD RESULT IN AN ACCRUAL, EXPENSE OR BENEFIT UNDER THE MORE LIKELY THAN NOT STANDARD. GENERALLY, TAX FILES FOR THE PRIOR THREE YEARS REMAIN OPEN TO INSPECTION BY REGULATORY AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0306766
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0949144
IRS990ScheduleD/TotalExpensesPerForm990Amt07364549
IRS990ScheduleD/TotalLiabilityAmt02767820
IRS990ScheduleD/TotalRevenuePerForm990Amt07799104
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07799104
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt07364549
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL PUBLICIZES IN THEIR BROCHURES AND ENROLLMENT LITERATURE. THEIR ADMISSIONS POLICY IS PRINTED ON THEIR WEBSITE: PARNASSUS SEEKS TO ENROLL A DIVERSE AND REPRESENTATIVE STUDENT BODY, WELCOMING APPLICANTS REGARDLESS OF RACE, ETHNICITY, SOCIO-ECONOMIC STATUS, GENDER, SPECIAL NEEDS OR ENGLISH AS A SECOND LANGUAGE STATUS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL RECEIVES FEDERAL AND STATE FUNDING
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0117083
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt022909
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt012278
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0CONSTANCE FORD
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0152270
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0SHAWN FORD
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0SPOUSE OF EXECUTIVE DIRECTOR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt052353
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0PAID EMPLOYEE
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EACH PARENT OR LEGAL GUARDIAN OF A STUDENT AND EACH EMPLOYEE OF THE SCHOOL SHALL HAVE ONE (1) VOTE FOR NOMINEES TO THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ELECTIONS ARE HELD WHERE ALL PARENTS AND STAFF OF PARNASSUS CAN ELECT BOARD MEMBERS ON A YEARLY BASIS OR WHEN BOARD TERMS ARE UP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THERE ARE NO SUCH COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TAX ORGANIZER IS PREPARED BY BKDA (FINANCIAL MANAGER), THE DRAFT 990 IS THEN REVIEWED BY THE FINANCE COMMITTEE AND THEN SENT TO THE BOARD FOR REVIEW AND APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOARD MEMBERS SIGN A CONFLICT OF INTEREST STATEMENT AS A CONDITION OF SERVICE ON THE BOARD. THIS IS CURRENTLY DONE ONCE PER TERM OF THE MEMBER. EACH BOARD MEMBER PROVIDES A SIGNED CONFLICT OF INTEREST FORM AS PART OF OUR ANNUAL AUDIT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5COMPENSATION FOR THE EXECUTIVE DIRECTOR IS DETERMINED BY EXAMINING THE PAY OF SIMILAR POSITIONS IN OTHER CHARTER SCHOOLS. EXECUTIVE DIRECTOR COMPENSATION IS APPROVED BY THE BOARD AS PART OF THE ANNUAL BUDGET APPROVAL PROCESS. COMPENSATION OF ALL OTHER EMPLOYEES IS DETERMINED BY THE EXECUTIVE DIRECTOR. COMPENSATION IS ALSO REVIEWED BY OUR FINANCE COMMITTEE. THIS COMMITTEE DOES NOT HAVE ANY EXECUTIVE AUTHORITY AND IS DESIGNED TO PROVIDE SUPPORT TO SCHOOL ADMINISTRATION AND THE BOARD.

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