Schedule L
(Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
Transactions with Interested Persons
MediumBullet Complete if the organization answered "Yes" on Form 990, Part IV, lines 25a, 25b, 26, 27, 28a, 28b, or 28c, or Form 990-EZ, Part V, line 38a or 40b.
MediumBullet Attach to Form 990 or Form 990-EZ.
MediumBulletGo to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2020
Open to Public Inspection
Name of the organization
PRESIDIO KNOLLS SCHOOL INC
 
Employer identification number

20-5758127
Part I
Excess Benefit Transactions (section 501(c)(3), section 501(c)(4), and section 501(c)(29) organizations only).
Complete if the organization answered "Yes" on Form 990, Part IV, line 25a or 25b, or Form 990-EZ, Part V, line 40b.
1(a) Name of disqualified person (b) Relationship between disqualified person and organization (c) Description of transaction (d) Corrected?
Yes No
2
Enter the amount of tax incurred by the organization managers or disqualified persons during the year under section 4958. ........................... Bullet Image$
 
3
Enter the amount of tax, if any, on line 2, above, reimbursed by the organization ........ Bullet Image$
 

Part II
Loans to and/or From Interested Persons.
Complete if the organization answered "Yes" on Form 990-EZ, Part V, line 38a, or Form 990, Part IV, line 26; or if the organization reported an amount on Form 990, Part X, line 5, 6, or 22
(a) Name of interested person (b) Relationship with organization (c) Purpose of loan (d) Loan to or from the organization? (e) Original principal amount (f) Balance due (g) In default? (h) Approved by board or committee? (i) Written agreement?
To From Yes No Yes No Yes No
Total ...............Small Bullet $  
Part III
Grants or Assistance Benefiting Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 27.
(a) Name of interested person (b) Relationship between interested person and the organization (c) Amount of assistance (d) Type of assistance (e) Purpose of assistance
(1) KAREN GULLO TRUSTEE 30,990 TUITION ASSISTANCE DISCOUNTED TUITION
(2) DAVID LESSING OFFICER, COO 24,743 STAFF DISCOUNT/REMISSION DISCOUNTED TUITION
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 50056A
Schedule L (Form 990 or 990-EZ) 2020
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Schedule L (Form 990 or 990-EZ) 2020
Page 2
Part IV
Business Transactions Involving Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 28a, 28b, or 28c.
(a) Name of interested person (b) Relationship between interested person and the organization (c) Amount of transaction (d) Description of transaction (e) Sharing of organization's revenues?
Yes No
(1) FRIENDS OF PKS LLC
  		TRUSTEES AND FORMER TRUSTEES 3,500,000 LOAN TO SCHOOL TO PURCHASE PROPERTY   No
Part V
Supplemental Information
Provide additional information for responses to questions on Schedule L (see instructions).
Return Reference Explanation
SCHEDULE L, PART IV, RELATIONSHIP BETWEEN INTERESTED PERSON AND THE ORG: THERE IS 1 CURRENT TRUSTEE AND 7 FORMER TRUSTEES THAT ARE MEMBER OF FRIENDS OF PKS. THE MEMBERS OF FRIENDS OF PKS, LLC ARE CURRENT SCHOOL TRUSTEE, FORMER SCHOOL TRUSTREES, SPOUSES OF CURRENT SCHOOL TRUSTREES, OR SPOUSES OF FORMER SCHOOL TRUSTEES: JEREMY LIEW (FORMER TRUSTEE AND SPOUSE OF A CURRENT TRUSTEE), RANEE LAN (CURRENT TRUSTEE), MELODY MECKFESSEL (FORMER TRUSTEE), LAURA B. NADLER (FORMER TRUSTEE), DAVID NADLER (SPOUSE OF FORMER TRUSTEE), KEVIN WONG (FORMER TRUSTEE), AUDREY LEE (SPOUSE OF FORMER TRUSTEE), LEO K. MA (FORMER TRUSTEE), MINGMING L. LIU (SPOUSE OF FORMER TRUSTEE), KURT MENNING (FORMER TRUSTEE), SUSAN M. MCKIBBEN (SPOUSE OF FORMER TRUSTEE), LANIER COLES (FORMER TRUSTEE), AND CHARLTON YU (SPOUSE OF A FORMER TRUSTEE).
SCHEDULE L, PART IV, DESCRIPTION OF TRANSACTION: ON 6/12/18, THE SCHOOL ENTERED INTO A LOAN AGREEMENT WITH THE CALIFORNIA MUNICIPAL FINANCE AUTHORIGY (THE AUTHORITY) FOR THE ISSUANCE OF UP TO $3,500,000 TAX-EXEMPT SUBORDINATE LOAN PURSUANT TO A SUBORDINATE LOAN AGREEMENT BETWEEN FRIENDS OF PKS, LLC, THE AUTHORITY AND THE SCHOOL. THE LOAN WAS USED TO REFINANCE PURCHASE PRICE AND ASSIST IN THE FINANCING COSTS FOR THE CAMPUS. THESE FUNDS ARE INCLUDED IN THE ISSUE PRICE OF $27.5 MILLION ON SCHEDULE K.
Schedule L (Form 990 or 990-EZ) 2020


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