2023-04-19T13:50:08-05:00 2022-06-30 410746749 CLIFTONLARSONALLEN LLP 301 NORTH LAKE AVENUE SUITE 900 PASADENA CA 91101 990 2021-07-01 330729698 SAGE HILL SCHOOL SAGE 9492191310 20402 NEWPORT COAST DRIVE NEWPORT COAST CA 92657 JILL LIVERMORE CFO 9492191312 2023-04-05 1 JILL LIVERMORE 999009999 KAREN LO P02141262 6267933600 2023-04-05 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z JILL LIVERMORE 20402 NEWPORT COAST DRIVE NEWPORT COAST CA 92657 57310569 0 X WWW.SAGEHILLSCHOOL.ORG X 1996 CA A PRIVATE COED HIGH SCHOOL THAT INSPIRES IN THEIR STUDENTS A LOVE OF KNOWLEDGE. 19 19 199 300 0 0 3490556 2323406 23437318 24880647 1077932 6694834 50941 -129977 28056747 33768910 2285496 2247596 0 0 14388852 14426834 0 0 833520 8852903 10232390 25527251 26906820 2529496 6862090 125265866 122602279 33290780 33837402 91975086 88764877 X WE INSPIRE IN OUR STUDENTS A LOVE OF KNOWLEDGE AND THE ABILITY TO USE THAT KNOWLEDGE CREATIVELY, COMPASSIONATELY AND COURAGEOUSLY THROUGHOUT THEIR LIVES.SAGE HILL SCHOOL'S COMMITMENT TO ACADEMIC EXCELLENCE, OUR OUTSTANDING COLLEGE PREPARATION HAVE PROVIDED A TRANSFORMATIVE EXPERIENCE FOR OUR STUDENTS. ACADEMIC EXCELLENCE - SAGE HILL OFFERS A RIGOROUS, COMPREHENSIVE CURRICULUM THAT CHALLENGES AND INSPIRES STUDENTS TO TAKE RISKS, THINK CRITICALLY, AND USE WHAT THEY LEARN IN CLASS IN THE WORLD BEYOND OUR CAMPUS. OUR WORLD-CLASS EDUCATORS TEACH CLASSES THAT AVERAGE SIXTEEN STUDENTS AND FOSTER CURIOSITY, DISCOVERY, AND A PASSION FOR LEARNING. 0 0 21333402 2247596 24880647 SAGE HILL SCHOOL IS AN INDEPENDENT HIGH SCHOOL LOCATED ON 30 ACRES IN NEWPORT COAST, CA. FOUNDED IN 2000, THE SCHOOL PROVIDES MORE THAN 540 STUDENTS WITH SMALL CLASS SIZES THAT AVERAGE 16 STUDENTS PER TEACHER, OUTSTANDING ACADEMIC CURRICULA AND A DEDICATED TEAM OF COLLEGE COUNSELORS. THE SCHOOL OFFERS ITS STUDENTS A RICH AND DYNAMIC CURRICULUM THAT PROMOTES CRITICAL THINKING, COLLABORATION, AND CREATIVITY. OUTSIDE THE CLASSROOM, STUDENTS ARE ENCOURAGED TO PARTICIPATE IN ATHLETICS, EXPLORE THEIR ARTISTIC ABILITIES, AND ENGAGE IN THE WORLD BEYOND THE CAMPUS THROUGH SERVICE TO THE COMMUNITY, INTERNSHIPS AND EDUCATIONAL TRAVEL. 21333402 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 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 80 0 1 199 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 19 19 1 0 1 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 CA X JILL LIVERMORE 9492190100 20402 NEWPORT COAST DRIVE NEWPORT COAST CA 92657 PATRICIA MERZ HEAD OF SCHOOL 40.00 X 607390 0 129839 JILL LIVERMORE CHIEF FINANCIAL OFFICER 40.00 X 285379 0 19647 MATTHEW BALOSSI ASSISTANT HEAD OF SCHOOL 40.00 X 196245 0 71346 GREGORY O'LEARY DIRECTOR OF ADVANCEMENT 40.00 X 213484 0 30150 TODD HANEY SCIENCE TEACHER 40.00 X 149754 0 84373 ELAINE MIJALIS DIRECTOR OF ADMISSIONS & FA 40.00 X 212979 0 19155 GEORGE SMITH COLLEGE COUNSELER 40.00 X 152872 0 19046 MIKE BOLEN BOARD CHAIR 40.00 X X 0 0 0 SUDI MARIAPPA TREASURER 1.00 X X 0 0 0 RICK LOWE SECRETARY 1.00 X X 0 0 0 DAVID FISHMAN TRUSTEE 1.00 X 0 0 0 DARRYL BUTTON TRUSTEE 1.00 X 0 0 0 PRIYAN CHANDRARATNA TRUSTEE 1.00 X 0 0 0 DOUG COLLIER TRUSTEE 1.00 X 0 0 0 SANDY IRANI TRUSTEE 1.00 X 0 0 0 PAOLO LEON TRUSTEE 1.00 X 0 0 0 LORELLEN GREEN TRUSTEE 1.00 X 0 0 0 KIM STOBART TRUSTEE 1.00 X 0 0 0 PRAKASH SAKRANEY TRUSTEE 1.00 X 0 0 0 MARK MURRAY TRUSTEE 1.00 X 0 0 0 SCOTT WEINER TRUSTEE 1.00 X 0 0 0 KATHY WILK TRUSTEE 1.00 X 0 0 0 VAN WILSON TRUSTEE 1.00 X 0 0 0 COLLEEN RIVERS TRUSTEE 1.00 X 0 0 0 CHRIS CUFF TRUSTEE 1.00 X 0 0 0 RICHARD LEE TRUSTEE 1.00 X 0 0 0 1818103 0 373556 38 0 1 0 GEARSHIFT INC 930 W 16TH ST SUITE E2 COSTA MESA CA 92627 MARKETING SERVICES 501996 ONTARIO REFRIGERATION SERVICE INC 635 S MOUNTAIN AVENUE ONTARIO CA 91762 MAINTENANCE SERVICES 429506 HARBOR BUILDING MAINTENANCE INC 5011 ARGOSY AVE STE 11 HUNTINGTON BEACH CA 92649 CUSTODIAL SERVICES 386882 ALLIED UNIVERSAL SECURITY SERVICES PO BOX 828854 PHILADELPHIA PA 19182 SECURITY SERVICES 277004 FLIK INDEPENDENT SCHOOLS PO BOX 50196 LOS ANGELES CA 90074 FOOD SERVICES 267246 14 245925 2077481 130131 2323406 TUITION AND FEES 611710 23988710 23988710 SUMMER AND ENRICHMENT PROGRAMS 611710 650313 650313 FORFEITED TUITION & DEPOSITS 611710 208124 208124 APPLICATION FEES 611710 33500 33500 24880647 380128 380128 29572636 23257930 6314706 6314706 6314706 74060 245925 283729 -209669 -209669 OTHER INCOME 900099 42267 42267 PARENT ASSOCIATION ACTIVITIES 900099 37425 37425 79692 33768910 24880647 0 6564857 2247596 2247596 1112845 320839 631587 160419 10794484 8742644 1655488 396352 491036 400293 70974 19769 1190172 960904 210215 19053 838297 678271 124824 35202 115510 115510 50400 50400 96724 12479 83795 450 605925 605925 307714 110463 114546 82705 391890 358673 31036 2181 641865 604226 33965 3674 44134 14386 29658 90 376479 354402 19922 2155 2880879 2711941 152446 16492 325926 277490 47059 1377 FACILITIES 1544271 1455696 79928 8647 ACADEMIC SUPPORT 575156 575156 ATHLETICS 437420 437420 SUMMER & ENRICHMENT CLA 428004 428004 1410093 642519 682620 84954 26906820 21333402 4739898 833520 909715 226629 22398853 25393193 613000 426161 20180 5686 219372 331976 102388615 32951095 71372128 69437520 28549001 26012674 474352 3747 709265 764693 125265866 122602279 2350957 2410881 13254906 14477965 17684917 16948556 33290780 33837402 X 78966548 76611662 13008538 12153215 91975086 88764877 125265866 122602279 6862090 -10072299 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 29023353 277806 -3284738 26016421 23091406 587390 5344557 29023353 21055513 305875 1760018 30000 23091406 19748190 536119 1249510 478306 21055513 16368122 2453805 976263 50000 19748190 0.57940 0.30230 0.11830 0 0 20128606 20128606 73797179 27261498 46535681 8311030 5537797 2773233 151800 151800 0 69437520 X 21021011 -10072299 -2675600 -12747899 33768910 0 33768910 24231220 -2675600 -2675600 26906820 0 26906820 PART V, LINE 4: THE INTENDED USE OF ENDOWMENT FUNDS ARE FOR FINANCIAL AID AND OPERATIONS. PART X, LINE 2: THE SCHOOL HAS BEEN GRANTED EXEMPTION FROM INCOME TAX UNDER SECTIONS 501(C)(3) OF THE INTERNAL REVENUE CODE AND 23701(D) OF THE CALIFORNIA REVENUE AND TAXATION CODE. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES PROVIDE ACCOUNTING AND DISCLOSURE GUIDANCE ABOUT POSITIONS TAKEN BY AN ORGANIZATION IN ITS TAX RETURNS THAT MIGHT BE UNCERTAIN. MANAGEMENT HAS CONSIDERED ITS TAX POSITIONS AND BELIEVES ALL OF THE POSITIONS TAKEN BY THE SCHOOL ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID -2,247,596. SUMMER AND AUX PROGRAM EXPENSES -428,004. PART XII, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID -2,247,596. SUMMER AND AUX PROGRAM EXPENSES -428,004. 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 SCHOOL HAS POSTED THE NOTICE ON A PROMINENT SPOT ON IT'S MAIN WEBSITE. SPRING EVENT 319985 245925 74060 283729 0 319985 245925 74060 283729 283729 -209669 1 FINANCIAL AID 60 2247596 PART I, LINE 2: ON A NON-DISCRIMINATORY BASIS, THE FINANCIAL AID COMMITTEE DETERMINES THE ALLOCATION OF THE AWARD BASED ON NEED, UTILIZING DATA FROM A THIRD-PARTY FINANCIAL AID SERVICE. THE LIST OF STUDENTS RECEIVING FINANCIAL AID IS GIVEN TO THE BUSINESS OFFICE WHERE THE TUITION BILLING IS PROCESSED. 1 X X X X 0 1 0 0 0 0 0 1 0 PATRICIA MERZ HEAD OF SCHOOL 502135 0 100000 0 5255 0 125038 0 4801 0 737229 0 0 0 JILL LIVERMORE CHIEF FINANCIAL OFFICER 280771 0 0 0 4608 0 14239 0 5408 0 305026 0 0 0 MATTHEW BALOSSI ASSISTANT HEAD OF SCHOOL 192055 0 0 0 4190 0 10214 0 61132 0 267591 0 0 0 GREGORY O'LEARY DIRECTOR OF ADVANCEMENT 209443 0 0 0 4041 0 10934 0 19216 0 243634 0 0 0 TODD HANEY SCIENCE TEACHER 106031 0 0 0 43723 0 5826 0 78547 0 234127 0 0 0 ELAINE MIJALIS DIRECTOR OF ADMISSIONS & FA 157337 0 7500 0 48142 0 8102 0 11053 0 232134 0 0 0 GEORGE SMITH COLLEGE COUNSELER 144923 0 0 0 7949 0 7476 0 11570 0 171918 0 0 0 PART I, LINE 4B THE SCHOOL MADE CONTRIBUTIONS TO THE 457(F) PLANS OF PATRICIA MERZ, $110,538. PART I, LINE 7 BONUS PAID TO: PATRICIA MERZ $100,000 AND ELIANE MIJALIS $7,500. SCHEDULE J, PART II, COLUMN (B) FOR CLARIFICATION, THE SCHEDULE J COLUMN B AMOUNTS REFLECT W-2 WAGES FOR THE 2021 CALENDAR YEAR. SCHEDULE J, PART II, COLUMN (D) INCLUDED IN NONTAXABLE BENEFITS ARE: HEALTH INSURANCE PREMIUMS, TUITION REMISSION AND CAFETERIA PLANS. A CALIFORNIA ENTERPRISE DEVELOPMENT AUTHORITY 352273601 2020-12-08 18200000 TO REFINANACE BONDS ISSUED IN 2010. 0 0 0 A 18200000 225358 2020 0 1 1 1 A 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 A 0 BOARD MEMBER 34550 FINANCIAL AID X 8 130131 FAIR MARKET VALUE 0 0 1 1 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTORS REPRESENT THE NUMBER OF NON-CASH TRANSACTIONS. PART I, LINE 32B: ALL STOCK GIFTS DONATED TO THE SCHOOL ARE SENT DIRECTLY TO THE BANK. THE BANK HAS INSTRUCTIONS TO SELL IMMEDIATELY. PART I COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS RECEIVED DURING THE FISCAL YEAR 2022. FORM 990, PART VI, SECTION A, LINE 2 RICK LOWE'S FINANCIAL ADVISORY FIRM HAS BUSINESS RELATIONSHIPS WITH SERVERAL BOARD MEMBERS. FORM 990, PART VI, SECTION A, LINE 4 THE SCHOOL AMENDED THEIR BYLAWS IN DECEMBER 2021. THE POSITION OF PRESIDENT WAS ELIMINATED. THE HEAD OF SCHOOL IS NO LONGER AN EX-OFFICIO MEMBER OF THE BOARD OF TRUSTEES. DUTIES AND TERM LIMITS OF CHAIR-ELECT OF THE BOARD, CHAIR OF THE BOARD AND VICE CHAIR WERE REVIZED. THE BOARD MAY DECLARE VACANT THE OFFICE OF TRUSTEE WHO FAILS TO ATTEND AT LEAST 50% OF MEETINGS HELD DURING THE FISCAL YEAR. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING, A DRAFT OF THE 990, WITHOUT SCHEDULE B, IS REVIEWED WITH THE MEMBERS OF THE AUDIT COMMITTEE. A DRAFT OF THE FORM 990, WITHOUT SCHEDULE B, IS ALSO CIRCULATED TO ALL TRUSTEES FOR THEIR REVIEW PRIOR TO FILING. IN ADDITION, AND ALSO PRIOR TO FILING, THE CHAIR AND VICE CHAIR OF THE BOARD IS GIVEN A COMPLETE COPY OF THE FORM 990 TO REVIEW, INCLUDING SCHEDULE B. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, EACH BOARD MEMBER AND KEY EMPLOYEES SIGN THE CONFLICT OF INTEREST POLICY AGREEING THAT THEY HAVE RECEIVED AND UNDERSTAND THE POLICY. THEY ALSO SIGN THE SUPPLEMENT TO THE CONFLICT OF INTEREST POLICY THAT ADDRESSES AND DISCLOSES ISSUES OF RELATED PARTY TRANSACTIONS. THIS IS NORMALLY DOCUMENTED AT THE FIRST BOARD MEETING OF THE YEAR. FORM 990, PART VI, SECTION B, LINE 15A THE SCHOOL HAS A COMPENSATION COMMITTEE COMPOSED OF TRUSTEES AND EMERITI. THE COMPENSATION COMMITTEE MEETS AS NEEDED TO DISCUSS AND APPROVE THE COMPENSATION PACKAGE OF THE HEAD OF SCHOOL. OTHER SCHOOL OFFICERS AND KEY EMPLOYEES COMPENSATION IS REVIEWED BY THE COMPENSATION COMMITTEE BUT THE HEAD OF SCHOOL APPROVES THEIR COMPENSATION PACKAGES. COMPARABILITY DATA FROM THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOL'S DATABASE IS CIRCULATED TO THE COMMITTEE PRIOR TO THE REVIEW MEETING AND IS DISCUSSED AT THE MEETING. COMPARATIVE DATA GROUPS INCLUDE SIMILAR TYPE SCHOOLS ( I.E., INDEPENDENT, NON-PROFIT, COED, DAY ONLY) AND SCHOOLS WITH SIMILAR NUMBERS OF STUDENTS AND OPERATING EXPENSES. MINUTES OF THE MEETING ARE KEPT IN THE BUSINESS OFFICE. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C THE SCHOOL HAS AN AUDIT COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND TAX RETURNS. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR.