Ecole Bilingue DBA Ecole Bilingue De Berkeley

“The school holds funds for the parents' association and student council.”

“The school's endowment consists of one fund, the ecole bilingue endowment fund (previously known as silver jubilee endowment fund), established to provide support to the school in perpetuity. The endowment includes donor-restricted endowment funds only. The investment income is to be reinvested for a minimum of three years through june 30, 2007. After june 30, 2007, the school will be entitled to receive a distribution of 4% above the inflation rate over the previous 36 month period provided that the distribution is greater than $10,000 per year and does not invade principal. If the distribution is less than $10,000, the investment income will be reinvested to principal. There were no distributions made from the inception of the gift through the year ended june 30, 2015. Interpretation of relevant law the board of trustees of the school has interpreted california's enacted version of uniform prudent management of institutional funds act (upmifa) as requiring the preservation of the purchasing power (real value) of the donor-restricted endowment funds absent explicit donor stipulations to the contrary. As a result of this interpretation, the school classifies as permanently restricted net assets (a) the original value of gifts donated to the permanent endowment, (b) the original value of subsequent gifts to the permanent endowment, (c) accumulations to the permanent endowment made in accordance with the direction of the applicable donor gift instrument at the time the accumulation is added to the fund, and (d) the portion of investment return added to the permanent endowment to maintain its purchasing power. In accordance with upmifa, the school considers the following factors in making a determination to appropriate or accumulate donor-restricted endowment funds: (1) the duration and preservation of the fund (2) the purposes of the school and the donor-restricted endowment fund (3) general economic conditions (4) the possible effect of inflation and deflation (5) the expected total return from income and the appreciation of investments (6) other resources of the school (7) the investment policies of the school return objectives and risk parameters the school has adopted investment and spending policies for endowment assets that attempt to provide a predictable stream of funding to programs supported by its endowment while seeking to maintain the purchasing power of the endowment assets. Endowment assets include those assets of donor-restricted funds that the school must hold in perpetuity. The school expects its endowment funds, over time, to achieve a rate of return better than or equal to a net 4% over and above the rate of inflation, as measured by the cpi, of the average market value of the fund computed over the most recent 36 months. Actual returns in any given year may vary from this amount. Strategies employed for achieving objectives to satisfy its long-term rate-of-return objectives, the school relies on a total return strategy in which investment returns are achieved through both capital appreciation (realized and unrealized) and current yield (interest and dividends). The school targets a diversified asset allocation that places emphasis on fixed income and equity-based investments to achieve its long-term return objectives within prudent risk constraints. Spending policy and how the investment objectives relate to spending policy the school has a policy of appropriating for distribution each year as described in the first paragraph. In establishing this policy, the school considered the long-term expected return on its endowment. This is consistent with the school's objective to maintain the purchasing power of the endowment assets held in perpetuity or for a specified term as well as to provide additional real growth through new gifts and investment return.”

“The school is a qualified organization exempt from federal and state income taxes under 501(c)(3) of the internal revenue code and 23701d of the california revenue and taxation code, respectively. The school has adopted the accounting standard on accounting for uncertainty in income taxes, which prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken, or expected to be taken, in a tax return and requires the affirmative evaluation that is more-likely-than-not, based on the technical merits of a tax position, that an organization is entitled to economic benefits resulting from tax positions taken in income tax returns. For tax exempt entities, favorable tax status itself is deemed to be an uncertainty, as events could potentially occur to jeopardize their tax-exempt status. If a tax position does not meet the more-likely-than-not recognition threshold, the benefit of that position is not recognized in the financial statements. This standard also requires organizations to disclose additional quantitative and qualitative information in their financial statements about uncertain tax positions. The school's evaluation on june 30, 2015, revealed no tax positions that would have a material impact on the financial statements. The 2011 through 2014 tax years remain subject to examination by the internal revenue service. In addition, the 2010 through 2014 tax years remain subject to examination by the california franchise tax board. The school does not believe that any reasonably possible changes will occur within the next twelve months that will have a material impact on the financial statements.”

“Net unrealized losses on foreign holdings -30,010.”

“FINANCIAL AID 2,327,041.”

“FINANCIAL AID 2,327,041.”