2024-12-10T16:24:58-06:00 2024-06-30 946214841 ARMANINO ADVISORY LLC 2700 CAMINO RAMON STE 350 SAN RAMON CA 945835004 990 2023-07-01 940382325 HILLBROOK SCHOOL HILL 4083566116 300 MARCHMONT DRIVE LOS GATOS CA 950325659 MARGARET RANDAZZO CFO & COO 4083566116 2024-12-10 1 0 KATY BROWN P00650274 9257902600 2024-12-10 2023 2024-10-15 13:58:12Z MARK SILVER 300 MARCHMONT DRIVE LOS GATOS CA 950325659 24329349 0 X WWW.HILLBROOK.ORG X 1935 CA HILLBROOK PROVIDES AN EXTRAORDINARY EDUCATIONAL EXPERIENCE (CONTINUED ON SCH. O)THAT FOSTERS A LOVE OF LEARNING IN OUR STUDENTS AND HELPS THEM DEVELOP THE KNOWLEDGE, SKILLS, AND CONFIDENCE TO ACHIEVE THEIR HIGHEST INDIVIDUAL POTENTIAL IN SCHOOL AND IN LIFE. AT HILLBROOK, STUDENTS ARE KNOWN, RESPECTED, AND VALUED AS INDIVIDUALS AND EVERY DAY IS A JOURNEY OF SELF-DISCOVERY, IMAGINATIVE THINKING, CREATIVE PROBLEM SOLVING, LAUGHTER, AND FRIENDSHIP. 18 18 135 220 0 0 3971199 5733294 15482314 18203092 6899 248595 -187345 -219818 19273067 23965163 2494967 3445974 0 0 12152526 13999716 0 0 865358 6942595 7535874 21590088 24981564 -2317021 -1016401 53737567 63387046 38631149 49231131 15106418 14155915 X HILLBROOK PROVIDES AN EXTRAORDINARY EDUCATIONAL EXPERIENCE THAT FOSTERS A LOVE OF LEARNING IN OUR STUDENTS AND HELPS THEM TO DEVELOP THE KNOWLEDGE, SKILLS AND CONFIDENCE TO ACHIEVE THEIR HIGHEST INDIVIDUAL POTENTIAL IN SCHOOL AND IN LIFE. (CONTINUED ON SCH. O)AT HILLBROOK, STUDENTS ARE KNOWN, RESPECTED, AND VALUED AS INDIVIDUALS AND EVERY DAY IS A JOURNEY OF SELF-DISCOVERY, IMAGINATIVE THINKING, CREATIVE PROBLEM SOLVING, LAUGHTER, AND FRIENDSHIP. 0 0 20075176 3445974 18203092 HILLBROOK SCHOOL IS AN INDEPENDENT, NON-PROFIT ELEMENTARY SCHOOL THAT OPERATES A CO-EDUCATIONAL FACILITY THAT SERVICES APPROXIMATELY 395 STUDENTS IN JK-9TH GRADE. HILLBROOK AIMS TO INSPIRE STUDENTS TO REACH THEIR HIGHEST INDIVIDUAL POTENTIAL AND TO REACH BEYOND THEMSELVES TO MAKE A DIFFERENCE IN THE WORLD. HILLBROOK IS CURRENTLY EXPANDING FROM A JK-8 INTO A JK-12 WITH TWO CAMPUSES, INCLUDING A NEW CAMPUS IN DOWNTOWN SAN JOSE. 20075176 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 57 0 1 135 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 1 1 0 CA X MARGARET R RANDAZZO CFO & COO 4083566116 300 MARCHMONT DRIVE LOS GATOS CA 950325659 SHANNON HUNT SCOTT CHAIR, BOT AND CEO 4.00 X X 0 0 0 SEAN DEMPSEY SECRETARY 2.00 X X 0 0 0 COY ROSS CHAIR, FINANCE & TREASURER 2.00 X X 0 0 0 BILL LOLLER CHAIR, ADVANCEMENT 2.00 X 0 0 0 HELEN BELL CHAIR, COT 2.00 X 0 0 0 ROSHAN MEDIZADEH CORSIGLIA CHAIR, AUDIT 2.00 X 0 0 0 CHUCK HAMMERS CHAIR, HIGH SCHOOL FACILITIES 2.00 X 0 0 0 LEILA SAYAR CHAIR, DEIJA 2.00 X 0 0 0 CHRIS PRUETT CHAIR, CAPITAL CAMPAIGN 2.00 X 0 0 0 IRENE AHN CHAIR, STRATEGIC MODEL TASK FORCE 2.00 X 0 0 0 RITA CHEN TRUSTEE 2.00 X 0 0 0 WALT DRUMMOND TRUSTEE 2.00 X 0 0 0 ERIN FIGEUROA TRUSTEE 2.00 X 0 0 0 COCO HAN TRUSTEE 2.00 X 0 0 0 JASON MONMA TRUSTEE 2.00 X 0 0 0 BREE WRIGHT TRUSTEE 2.00 X 0 0 0 DANIELLE YORK TRUSTEE 2.00 X 0 0 0 GRACE ZHU TRUSTEE 2.00 X 0 0 0 MARK SILVER HEAD OF SCHOOL 40.00 X 607123 0 115643 MARGARET RANDAZZO CFO/COO 40.00 X 316509 0 59008 COLLEEN SCHILLY ASSOCIATE HEAD OF SCHOOL 40.00 X 227154 0 26300 MICHAEL PELLER HEAD OF UPPER SCHOOL 40.00 X 201347 0 21862 GULLIVER LAVALLE HEAD OF MIDDLE SCHOOL & DIRECTOR OF DEI 40.00 X 195814 0 11092 MARY MAKELA DIRECTOR OF SCOTT CENTER FOR ENTR 40.00 X 174354 0 19601 ILSA DOHMEN DIRECTOR OF TEACHING & LEARNING 40.00 X 172461 0 21919 MELISSA BAMBERG DIRECTOR OF ENROLLMENT 40.00 X 163643 0 10111 HEATHER STINNETT HEAD OF LOWER SCHOOL 40.00 X 161536 0 18974 CATHERINE CARLSON DIRECTOR OF ADVANCEMENT 40.00 X 160209 0 29566 CHARLOTTE BURKLY DIRECTOR OF COLLEGE COUSELING 40.00 X 159757 0 20729 ROZANNE SCHIRO DIRECTOR OF HUMAN RESOURCES 40.00 X 142949 0 29791 WILLIAM SELAK DIRECTOR OF TECHNOLOGY 40.00 X 132487 0 23210 SAMANTHA BUTLER TEACHER 40.00 X 130076 0 22701 EDEN MAISEL TEACHER 40.00 X 128690 0 18548 3074109 0 449055 37 0 1 0 SWENSON DEVELOPMENT & CONSTRUCTION 715 NORTH FIRST STREET STE 27 SAN JOSE CA 95112 CONSTRUCTION 2656121 ANDERSON BRULE ARCHITECTS INC 325 SOUTH 1ST STREET 4TH FLOOR SAN JOSE CA 95113 ARCHITECT 1102003 HINES BUILDING MAINTENANCE 91 LOST LAKE LANE CAMPBELL CA 95008 MAINTENANCE & JANITORIAL 709651 STUDENT TRANSPORTATION OF AMERICA STA WEST REGION PO BOX 51691 LOS ANGELES CA 900515991 STUDENT TRANSPORTATION/BUS SERVICES 414696 EPICUREAN GROUP 111 MAIN STREET SUITE 3 LOS ALTOS CA 94022 CATERING SERVICES 222942 9 532619 5200675 118980 5733294 TUITION AND FEES 611600 17766787 17766787 AUXILIARY & OTHER PROG 611600 436305 436305 18203092 193037 193037 119211 63653 55558 55558 55558 80715 532619 300533 -219818 -219818 23965163 18203092 0 28777 3445974 3445974 2794825 1280735 1148674 365416 8267005 6778828 1274098 214079 496060 390783 91908 13369 1673224 1369362 259337 44525 768602 541265 192343 34994 32118 32118 86188 86188 349243 43177 269899 36167 8747 8747 363395 330164 23292 9939 1659723 1528920 87202 43601 123344 116722 4590 2032 1037380 959576 51869 25935 158527 146914 7742 3871 SUPPLIES AND SERVICES 1775484 1675283 83750 16451 REPAIRS AND MAINTENANCE 1057463 961640 65771 30052 OTHER EXPENSE 882478 505833 351718 24927 BAD DEBT EXPENSE 1784 1784 24981564 20075176 4041030 865358 231988 258860 6023979 6673284 3658234 3553186 6309332 7546455 301076 217799 40985427 14205001 18226305 26780426 18986653 18357036 53737567 63387046 2530934 3358037 13283965 15841251 9833052 2743874 483254 20072376 19715537 38631149 49231131 X 8165216 7063247 6941202 7092668 15106418 14155915 53737567 63387046 -1016401 65898 0 X 0 1 X 1 0 X 1509987 3207035 5827099 3971199 5733294 20248614 1509987 3207035 5827099 3971199 5733294 20248614 7295110 12953504 46311 77964 141863 106676 193037 565851 195805 195805 21010270 75959474 0.61650 0.63860 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4216113 424339 283096 4923548 3574861 452352 188900 4216113 3613059 436900 -475098 3574861 3033726 207100 372233 3613059 2927605 30099 76022 3033726 0.28690 0.57060 0.14250 0 0 742647 742647 20380298 8682485 11697813 3461465 2881764 579701 16401017 2640752 13760265 26780426 DEPOSITS 11070 OTHER ASSETS 283655 RIGHT-OF-USE ASSETS 18062311 18357036 OPERATING LEASE LIABILITY 19715537 19715537 X 20134277 65898 84315 -3981099 -3830886 23965163 0 23965163 21084780 84315 84315 21000465 3981099 3981099 24981564 PART V, LINE 4: THE SCHOOL'S ENDOWMENT IS USED TO SUPPORT ANNUAL UNRESTRICTED OPERATIONS, TUITION ASSISTANCE AND THE OPERATIONS OF THE SCOTT CENTER FOR ENTREPRENEURSHIP. PART X, LINE 2: THE SCHOOL IS A QUALIFIED ORGANIZATION EXEMPT FROM FEDERAL INCOME AND CALIFORNIA FRANCHISE TAXES UNDER THE PROVISIONS OF SECTIONS 501(C)(3) OF THE INTERNAL REVENUE CODE AND 23701(D) OF THE CALIFORNIA REVENUE AND TAXATION CODE, RESPECTIVELY. THE SCHOOL HAS EVALUATED ITS CURRENT TAX POSITIONS AND HAS CONCLUDED THAT AS OF JUNE 30, 2024 AND 2023, THE SCHOOL DOES NOT HAVE ANY SIGNIFICANT UNCERTAIN TAX POSITIONS FOR WHICH A RESERVE WOULD BE NECESSARY. PART XI, LINE 2D - OTHER ADJUSTMENTS: TUITION ASSISTANCE -3,981,099. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE 3,981,099. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 HILLBROOK SCHOOL'S RACIALLY NONDISCRIMINATORY POLICY IS AVAILABLE AT ALL TIMES ON THE SCHOOL WEBSITE'S HOME PAGE. BENEFIT AUCTION 511473 452407 59066 45569 88002 13850 46823 WALK-A-THON 22816 22816 611 7101 876 4926 2 79045 57396 21649 25237 37884 26245 3409 613334 532619 80715 71417 132987 40971 55158 300533 -219818 1 FINANCIAL AID 155 3445974 FMV DIRECT CREDIT TO STUDENT ACCOUNT PART I, LINE 2: FINANCIAL AID AT HILLBROOK IS BASED ENTIRELY ON NEED, DEFINED AS THE DIFFERENCE BETWEEN A FAMILY'S RESOURCES AND A CHILD'S EDUCATIONAL EXPENSES. QUALIFICATION IS DETERMINED BY THE SCHOOL AND STUDENT SERVICE FOR FINANCIAL AID (SSS), A SERVICE OF THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS (NAIS), USED BY MORE THAN 2,400 K-12 SCHOOLS ACROSS THE COUNTRY. GRANTS ARE APPLIED TO THE STUDENT'S ACCOUNT, REDUCING THE AMOUNT DUE FOR TUITION. X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 MARK SILVER HEAD OF SCHOOL 487233 0 0 0 119890 0 103350 0 12293 0 722766 0 58620 0 MARGARET RANDAZZO CFO/COO 288689 0 0 0 27820 0 42542 0 16466 0 375517 0 25880 0 COLLEEN SCHILLY ASSOCIATE HEAD OF SCHOOL 223714 0 0 0 3440 0 14232 0 12068 0 253454 0 0 0 MICHAEL PELLER HEAD OF UPPER SCHOOL 199207 0 0 0 2140 0 10763 0 11099 0 223209 0 0 0 GULLIVER LAVALLE HEAD OF MIDDLE SCHOOL & DIRECTOR OF 193454 0 0 0 2360 0 9713 0 1379 0 206906 0 0 0 ILSA DOHMEN DIRECTOR OF TEACHING & LEARNING 169181 0 0 0 3280 0 12556 0 9363 0 194380 0 0 0 MARY MAKELA DIRECTOR OF SCOTT CENTER FOR ENTR 172334 0 0 0 2020 0 10500 0 9101 0 193955 0 0 0 CATHERINE CARLSON DIRECTOR OF ADVANCEMENT 157909 0 0 0 2300 0 10763 0 18803 0 189775 0 0 0 HEATHER STINNETT HEAD OF LOWER SCHOOL 159516 0 0 0 2020 0 8456 0 10518 0 180510 0 0 0 CHARLOTTE BURKLY DIRECTOR OF COLLEGE COUSELING 151537 0 0 0 8220 0 8713 0 12016 0 180486 0 0 0 MELISSA BAMBERG DIRECTOR OF ENROLLMENT 161443 0 0 0 2200 0 8200 0 1911 0 173754 0 0 0 ROZANNE SCHIRO DIRECTOR OF HUMAN RESOURCES 140749 0 0 0 2200 0 8848 0 20943 0 172740 0 0 0 WILLIAM SELAK DIRECTOR OF TECHNOLOGY 130487 0 0 0 2000 0 9344 0 13866 0 155697 0 0 0 SAMANTHA BUTLER TEACHER 122306 0 0 0 7770 0 8682 0 14019 0 152777 0 0 0 PART I, LINE 1A MARK SILVER IS REQUIRED TO LIVE IN THE HOME FOR THE HEAD OF SCHOOL OWNED BY HILLBROOK SCHOOL PURSUANT TO HIS EMPLOYMENT AGREEMENT. THE 2023 HOUSING BENEFIT OF $40,000 IS TAXABLE AND IS REFLECTED ON HIS W-2. DISCRETIONARY SPENDING IS AVAILABLE BUT NO AMOUNTS WERE EXPENDED IN FISCAL YEAR 2023-24. IF INCURRED, IT WOULD BE APPROVED BY THE BOARD OF TRUSTEES CHAIR. PART I, LINE 4B THE SCHOOL HAS A 457F PLAN FOR HEAD OF SCHOOL (HOS) AND CHIEF FINANCIAL OFFICER (CFO). DURING THE 2023 CALENDAR YEAR, $50,000 WAS ACCRUED FOR THE HOS AND $25,000 WAS ACCRUED FOR THE CFO. THE HOS RECEIVED $58,620 SECTION 457F VESTED DISTRIBUTION IN 2023 CALENDAR YEAR, WHICH WAS REPORTED AS DEFERRED COMPENSATION ON PRIOR FORM 990. THE AMOUNT WAS REPORTED ON SCHEDULE J, COLUMN B(III) AND COLUMN (F) AND WAS INCLUDED ON THE FORM W-2 AS WELL. THE CFO & COO RECEIVED $25,880 SECTION 457F VESTED DISTRIBUTION IN 2023 CALENDAR YEAR, WHICH WAS REPORTED AS DEFERRED COMPENSATION ON PRIOR FORM 990. THE AMOUNT WAS REPORTED ON SCHEDULE J, COLUMN B(III) AND COLUMN (F) AND WAS INCLUDED ON THE FORM W-2 AS WELL. A CALIFORNIA MUNICIPAL FINANCE AUTHORITY 201563466 NONEAVAIL 2022-09-29 17500000 FINANCE CONSTRUCTION COSTS AND PRIOR TAXABLE BOND 0 0 0 A 17500000 334665 15137425 2027910 2025 0 1 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 1 154319 FINANCIAL ASSISTANCE SCHOLARSHIP X 18 118980 FMV 0 0 1 0 PART I, COLUMN (B): THIS NUMBER REPRESENTS THE NUMBER OF CONTRIBUTORS, NOT THE NUMBER OF ITEMS CONTRIBUTED. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE MEMBERS (WHICH INCLUDES THE AUDIT COMMITTEE CHAIR) REVIEW AND APPROVE THE COMPLETED FORM 990. THE CHAIR OF THE FINANCE COMMITTEE EMAILS ALL OTHER CURRENT TRUSTEES STATING THAT THE COMPLETED FORM 990 IS AVAILABLE FOR REVIEW ON THE SECURE BOARD OF TRUSTEES WEBSITE PORTAL. SCHEDULE B IS REDACTED FROM THE FORM 990 DURING REVIEW. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, THE PRESIDENT OF THE BOARD OR HIS NOMINEE SHALL SUBMIT TO EACH TRUSTEE A CONFLICT OF INTEREST DISCLOSURE STATEMENT DESIGNED TO DISCLOSE ANY POTENTIAL CONFLICT OF INTEREST WHICH A TRUSTEE MAY HAVE IN THE PERFORMANCE OF HIS OR HER DUTIES TO THE SCHOOL. ADDITIONALLY, ALL TRUSTEES OR MEMBERS OF COMMITTEES OF THE BOARD SHALL HAVE THE AFFIRMATIVE DUTY TO ADVISE THE BOARD OR ANY COMMITTEE IN SESSION, OF ANY POSSIBLE CONFLICT OF INTEREST REGARDING A PARTICULAR SUBJECT BEFORE DEBATE THEREOF AND ABSTAIN FROM VOTING ON THAT SUBJECT. THE PARTICULARS OF SUCH RESPONSE SHALL BE RECORDED AS PART OF THE MINUTES. FAILURE TO EXECUTE THE CONFLICT OF INTEREST DISCLOSURE STATEMENT WITHIN 30 DAYS OF RECEIPT, THEREOF, SHALL BE CAUSE FOR REMOVAL FROM THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 THE HEAD OF SCHOOL'S COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD'S COMPENSATION COMMITTEE USING COMPARABILITY DATA. THIS PROCESS IS DOCUMENTED IN THE BOARD'S MINUTES. THE CFO'S COMPENSATION IS REVIEWED AND APPROVED BY THE HEAD OF SCHOOL USING THE SAME PROCESS AS DESCRIBED ABOVE. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES THESE DOCUMENTS AVAILABLE UPON REQUEST.