2025-05-13T10:48:36-05:00 2024-06-30 410746749 CLIFTONLARSONALLEN 29 SOUTH MAIN STREET 4TH FLOOR WEST HARTFORD CT 06107 990 2023-07-01 951644630 CATE SCHOOL CATE 8056848409 PO BOX 5005 CARPINTERIA CA 93014 SANDI PIERCE ASST HEAD OF SCHOOL FOR FINANC 8056848409 2025-05-12 1 1 JOHN TOSCANO P00358542 8605614000 2025-05-10 2023 2025-03-06 01:10:19Z ALEXANDRA LOCKETT PO BOX 5005 CARPINTERIA CA 93014 43343862 0 X WWW.CATE.ORG X 1910 CA THROUGH COMMITTMENT, SCHOLARSHIP AND SERVICE, CATE EDUCATES HIGH SCHOOL STUDENTS. 32 31 263 100 612348 163222 11156778 12256033 21103971 23079719 2018053 3872019 323795 605308 34602597 39813079 4429821 4874642 0 0 16320607 17033277 0 0 1661685 15946469 15760034 36696897 37667953 -2094300 2145126 214391093 234143260 21419796 30057349 192971297 204085911 THROUGH COMMITTMENT, SCHOLARSHIP AND SERVICE, CATE EDUCATES HIGH SCHOOL STUDENTS. 0 0 28283212 4874642 23079719 OPERATIONS AND MAINTENANCE OF A PRIVATE HIGH SCHOOL. 306 STUDENTS ENROLLED. 28283212 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 0 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 1 105 0 1 263 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 32 31 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X SANDI PIERCE 8056844127 1960 CATE MESA ROAD CARPINTERIA CA 93013 ALEXANDRA LOCKETT HEAD OF SCHOOL/SECRETARY 40.00 X X 350406 0 40960 JONATHAN WYATT GRUBER CHAIR 2.00 X X 0 0 0 ELIZABETH B STANSON PRESIDENT 2.00 X X 0 0 0 MARIANNA SPRAGUE VICE PRESIDENT 2.00 X X 0 0 0 KRISTEN KLINGBEIL-WEIS TREASURER 2.00 X X 0 0 0 RICHARD D BAUM LIFE TRUSTEE 1.00 X 0 0 0 DAN A EMMETT LIFE TRUSTEE 1.00 X 0 0 0 GREG H KUBICEK LIFE TRUSTEE 1.00 X 0 0 0 CALGARY AVANSINO TRUSTEE 1.00 X 0 0 0 RYAN MACDONNELL BRACHER TRUSTEE 1.00 X 0 0 0 LAUREN CRAIG ALBRECHT TRUSTEE 1.00 X 0 0 0 ROSALIND EMMETT NIEMAN TRUSTEE 1.00 X 0 0 0 MONIQUE PARSONS TRUSTEE 1.00 X 0 0 0 CASEY MCCANN TRUSTEE 1.00 X 0 0 0 LYNN HARWELL TRUSTEE 1.00 X 0 0 0 ADAM S HOROWITZ TRUSTEE 1.00 X 0 0 0 SHEILA MARMON HEUER TRUSTEE 1.00 X 0 0 0 ATHENA JONES TRUSTEE 1.00 X 0 0 0 LEONE E PRICE TRUSTEE 1.00 X 0 0 0 SYLVIA TORRES-GUILLEN TRUSTEE 1.00 X 0 0 0 EDWARD R TED SIMPSON TRUSTEE 1.00 X 0 0 0 JOHN KEARNEY TRUSTEE 1.00 X 0 0 0 BRIAN TOM TRUSTEE 1.00 X 0 0 0 JAMES P JAY MELICAN III TRUSTEE 1.00 X 0 0 0 DANIEL CHERRY III TRUSTEE 1.00 X 0 0 0 ERIC TAYLOR TRUSTEE 1.00 X 0 0 0 PATRICK KO TRUSTEE 1.00 X 0 0 0 ELIZABETH PATTERSON TRUSTEE 1.00 X 0 0 0 JIWON CHOI SONG TRUSTEE 1.00 X 0 0 0 DAVID TUNNELL TRUSTEE 1.00 X 0 0 0 GWEN REHNBORG TRUSTEE 1.00 X 0 0 0 JEANNIE WHELAN TREASURER 1.00 X 0 0 0 SANDI PIERCE ASST HEAD OF SCHOOL FOR FI 40.00 X 246740 0 41750 JASON DORION ASST. HEAD OF SCHOOL 40.00 X 146730 0 27945 ANDREW MACDONNELL DIRECTOR OF ADVANCEMENT 40.00 X 115751 0 21957 LINDSAY NEWLOVE DIRECTOR OF STEWARDSHIP 40.00 X 148195 0 17695 MAUDE BOND DIR OF COLLEGE COUNSELLING 40.00 X 126955 0 27834 SUSAN ZUPLAC HEAD OF HEALTH CENTER 40.00 X 128593 0 34010 1263370 0 212151 34 0 1 0 HARTIGAN & FOLEY 1056 E META ST SUITE 101 VENTURA CA 93001 CONSTRUCTION SERVICES 9494770 FLIK PO BOX 50196 LOS ANGELES CA 90071 FOOD SERVICES 2544463 BLACKBIRD ARCHITECTS 235 PALM AVE SANTA BARBARA CA 93101 ARCHITECTS SERVICES 322690 WATERWORKFORCE INC 33817 MCKENNY PLACE YUCAIPA CA 92399 WASTEWATER TREATMENT SERVICES 318762 TRIUMPH PROTECTION GROUP INC 853 COTTING COURT SUITE D VACAVILLE CA 95688 SECURITY GUARD SERVICES 280597 11 12256033 1356307 12256033 TUITION AND FEES 611600 21955858 21955858 CAMP INCOME 611600 1123861 1123861 23079719 1901981 123918 1778063 5424000 3453962 1970038 1970038 1970038 184945 76821 108124 108124 CROP PROCEEDS - AVOCADOS 111000 488430 488430 MISCELLANEOUS INCOME 611600 8754 8754 497184 39813079 23079719 612348 3864979 4874642 4874642 914390 209519 586791 118080 11609408 9085729 1945573 578106 861418 688964 131721 40733 2777169 2297979 372589 106601 870892 650556 172437 47899 29843 29843 82671 82671 102566 102566 395509 395509 344935 344935 295431 295431 1816266 1816266 919733 646583 225060 48090 2927371 2186585 578156 162630 1468622 1096980 290053 81589 FOOD AND HEALTH SERVICE 3285500 2454088 648886 182526 REPAIRS AND MAINTENANCE 2585419 2585419 SUMMER CAMPS 736602 736602 STUDENT ACTIVITIES AND 702978 702978 66588 66588 37667953 28283212 7723056 1661685 2638761 712693 2706146 4133552 10783303 9279947 533002 466302 98000 49933 35775 684546 852062 136975548 49205747 76715887 87769801 105177673 52524187 13151115 76448999 1852727 1919942 214391093 234143260 3592233 4107810 7016835 5807694 10218116 19497994 592612 643851 21419796 30057349 X 59326887 59725489 133644410 144360422 192971297 204085911 214391093 234143260 X 2145126 10322832 -1353344 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 118325803 1752131 13682367 5424000 128336301 111891908 2857019 13828749 10251873 118325803 135231744 3082614 -21537675 4884775 111891908 106847396 2656857 34956809 9229318 135231744 111027445 41011136 -40191185 -5000000 106847396 0.00000 0.63580 0.36420 0 0 5912055 5912055 75789069 75789069 25971948 25971948 6691460 6691460 22611016 49205747 -26594731 87769801 ALTERNATIVE INVESTMENTS 76448999 F 76448999 DEFERRED COMPENSATION PLAN PAYABLE 587395 CHARITABLE REMAINDER TRUST LIABILITIES 46456 UNEMPLOYMENT RESERVE 10000 643851 X 44066766 10322832 -5673636 4649196 39417570 395509 395509 39813079 32952152 1380000 1380000 31572152 395509 5700292 6095801 37667953 PART V, LINE 4: GIFTS TO THE ENDOWMENT ARE AN INVESTMENT IN THE LONG-TERM FINANCIAL HEALTH OF THE INSTITUTION. INCOME FROM EACH OF THE SCHOOL'S ENDOWED FUNDS IS USED TO FUND THE SCHOOL'S PROGRAM IN PERPETUITY. THE PRINCIPAL IS INVESTED FOR LONG-TERM GROWTH TO SERVE PRESENT AND FUTURE GENERATIONS OF STUDENTS. 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. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA 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 AND TUITION REMISSION PROVIDED -5,700,292. CHANGE IN SPLIT INTEREST 26,656. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AND TUITION REMISSION PROVIDED 5,700,292. 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 SHARES ITS NON-DISCRIMINATION POLICY ON ITS WEBSITE (HTTPS://WWW.CATE.ORG/NON-DISCRIMINATION-POLICY/) LINE 3 - EXPLANATION OF NONDISCRIMINATION POLICY: CATE SCHOOL ADMITS STUDENTS OF ANY RACE, COLOR, RELIGION, SEXUAL ORIENTATION, NATIONAL OR ETHNIC ORGIN TO ALL RIGHTS, PRIVILEGES, PROGRAMS AND ACTIVITIES GENERALLY ACCORDED OR MADE AVAILABLE TO STUDENTS AT THE SCHOOL. IT DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, RELIGION, SEXUAL ORIENTATION, NATIONAL OR ETHNIC ORGIN IN ADMINISTRATION OF ITS EDUCATIONAL POLICIES, SCHOLARSHIP, ATHLETIC AND OTHER SCHOOL-ADMINISTERED PROGRAMS. CENTRAL AMERICA AND THE CARIBBEAN 0 0 HEDGE FUND INVESTMENTS 839073 0 0 0 0 0 0 839073 0 839073 0 0 0 0 0 0 PART I THE INVESTMENTS REPORTED IN PART I ARE PART OF THE SCHOOL'S ENDOWMENT. PART I LINE 3: THE ORGANIZATION USED THE ACCRUAL METHOD OF ACCOUNTING TO ACCOUNT FOR EXPENDITURES IN PART I COLUMN (F). 1 SCHOLARSHIP AND FINANCIAL AID FOR STUDENTS 79 4874642 N/A N/A PART I, LINE 2: FAMILIES CAN APPLY THROUGH CLARITY. SCHOOL HAS FINANCIAL AID (FA) COMMITTEE, CONSISTING OF CONTROLLER AND DIRECTOR OF FINANCIAL ASSISTANCE. FA COMMITTEE REVIEWS APPLICATIONS AND SUBMITTED DOCUMENTS, AND AWARD AID BASED ON CLARITY CALCULATION AND ADJUSTMENTS. FA COMMITTEE WILL MEET WITH ADMISSIONS DEPARTMENT, AND WILL REVIEW FAMILIES AND AWARDS BEFORE FINALIZING. SCHOOL SENDS FAMILY AWARD LETTER, AID AMOUNTS ARE ENTERED INTO VERACROSS, AND INCORPORATED INTO TUITION CONTRACT. X 1 1 X X X 0 0 0 0 0 0 0 0 0 ALEXANDRA LOCKETT HEAD OF SCHOOL/SECRETARY 277406 0 0 0 73000 0 30515 0 10445 0 391366 0 0 0 SANDI PIERCE ASST HEAD OF SCHOOL FOR FI 246740 0 0 0 0 0 27141 0 14609 0 288490 0 0 0 JASON DORION ASST. HEAD OF SCHOOL 146730 0 0 0 0 0 16140 0 11805 0 174675 0 0 0 LINDSAY NEWLOVE DIRECTOR OF STEWARDSHIP 148195 0 0 0 0 0 8916 0 8779 0 165890 0 0 0 SUSAN ZUPLAC HEAD OF HEALTH CENTER 128593 0 0 0 0 0 14145 0 19865 0 162603 0 0 0 MAUDE BOND DIR OF COLLEGE COUNSELLING 126955 0 0 0 0 0 13965 0 13869 0 154789 0 0 0 PART I, LINE 1A CERTAIN INDIVIDUALS ARE REQUIRED TO RESIDE ON CAMPUS AS A CONDITON OF EMPLOYMENT. THE VALUE OF SCHOOL HOUSING PROVIDED FOR THIS PURPOSE MEETS THE REQUIREMENT FOR TAX EXEMPTION UNDER IRC SECTION 119, AND ACCORDINGLY, IS NOT INCLUDED IN NON-TAXABLE BENEFITS. THE INDIVIDUAL LISTED ON PART II, RECEIVED HOUSING: ALEXANDRA LOCKETT, HEAD OF SCHOOL. A CALIFORNIA ENTERPRISE DEVELOPMENT AUTHORITY 352273601 2022-05-11 21945000 REFINANCE OUTSTANDING PROMISE. 0 0 0 A 21945000 230025 1577809 2024 0 1 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 0 0 0 0 0 1 A 1 SCHEDULE K, PART II, LINE 3 DIFFERENCE BETWEEN TOTAL PROCEEDS REPORTED IN PART I AND PART II. LYNN HAREWELL TRUSTEE 36475 FINANCIAL AID FINANCIAL ASSISTANCE X 57 853757 MARKET PRICE X 1 500000 COST X FURNITURE 6 53028 ESTIMATED FMV X WINE 20 17993 ESTIMATED FMV X DRUMSET 1 2500 ESTIMATED FMV X BOOKS 1 50 ESTIMATED FMV 0 1 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS REPORTED IN COLUMN B IS BASED ON THE NUMBER OF DONATIONS. FORM 990, PART VI, SECTION A, LINE 1A EXECUTIVE COMMITTEE MAY EXCERCISE ALL OF THE POWERS OF THE BOARD WITH RESPECT TO THE CURRENT BUSINESS OR ORDINARY ADMINISTRATION OF THE AFFAIRS OF THE CORPORATION; BUT THE EXECUTIVE COMMITTEE SHALL NOT HAVE THE POWER TO AUTHORIZE THE SALE OF REAL PROPERTY OR THE CONTRACTING OF ANY SECURED OBLIGATION BY THE CORPORATION OR THE PLACING OF ANY LIEN UPON ANY OF ITS PROPERTY OR TO ALTER THE BYLAWS OF THE CORPORATION IN ANY MANNER. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEWED BY ASSISTANT HEAD OF SCHOOL FOR FINANCE AND OPERATIONS SANDI PIERCE AND THEN PRESENTED TO THE BOARD OF TRUSTEES FOR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C ALL DIRECTORS, OFFICERS, AND EMPLOYEES, WITH A DIRECT OR INDIRECT CONFLICTING INTEREST, INCLUDING ANY FINANCIAL INTEREST, ARE REQUIRED TO COMPLY WITH THE CONFLICT OF INTEREST POLICY AND COMPLETE AN ANNUAL STATEMENT REPORTING ANY POTENTIAL CONFLICTS. ANNUALLY, DURING A TRUSTEE MEETING, BOARD OF TRUSTEES MEMBERS DISCLOSE ANY CONFLICTS OF INTEREST. ANY POTENTIAL CONFLICTS ARE INVESTIGATED AND RESOLVED. THE BOARD MAY APPROVE A TRANSACTION INVOLVING A TRUSTEE OR AN OFFICER IF ALL FACTS ARE DISCLOSED IN GOOD FAITH AND NOTED IN THE BOARD MINUTES, OR ARE KNOWN TO ALL MEMBERS OF THE BOARD PRIOR TO CONSIDERATION BY THE BOARD OF SUCH TRANSACTION; SUCH CONTRACT OR TRANSACTION IS AUTHORIZED IN GOOD FAITH BY MAJORITY OF THE BOARD BY A VOTE SUFFICIENT FOR THAT PURPOSE EXCLUDING THE VOTE OF THE INTERESTED TRUSTEE; PRIOR TO AUTHORIZING OR APPROVING THE TRANSACTION, THE BOARD CONSIDERS AND IN GOOD FAITH DETERMINES AFTER REASONABLE INVESTIGATION UNDER THE CIRCUMSTANCES THAT THE CORPORATION COULD NOT OBTAIN A MORE ADVANTAGEOUS ARRANGEMENT WITH REASONABLE EFFORT UNDER THE CIRCUMSTANCES; AND THIS CORPORATION ENTERS INTO THE TRANSACTION FOR ITS OWN BENEFIT, AND THE TRANSACTION IS FAIR AND REASONABLE TO THIS CORPORATION AT THE TIME THE TRANSACTION IS ENTERED INTO. SHOULD A TRUSTEE HAVE A CONFLICT, THAT CONFLICT WOULD BE REVIEWED BY THE BOARD CHAIR/EXECUTIVE COMMITTEE AND STEPS TAKEN WOULD BE DEFINED BASED ON THE CONFLICT AND ANY POTENTIAL IMPACTS IT COULD HAVE ON THE SCHOOL AND IT'S DECISION MAKING. POSSIBLE SANCTIONS COULD INCLUDE REQUIRING THE TRUSTEE RECUSE THEMSELVES FROM PROCEEDINGS AND DECISION MAKINGS, OR REMOVAL FROM THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES REVIEWS ANNUALLY COMPARABLE DATA FOR THE HEAD OF SCHOOL (CEO). THIS DATA INCLUDES A REVIEW OF HEAD OF SCHOOL COMPENSATION AND BENEFITS USING THE INDUSTRY'S PRIMARY DATA SOURCE, NAIS (NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS), AS WELL AS CALIFORNIA SPECIFIC DATA. AS PART OF THIS PROCESS, AND USING THE NAIS DATABASE, THE BOARD REVIEWS THE HEAD'S OF SCHOOL COMPENSATION FROM 20 SCHOOLS THAT ARE COMPARABLE TO CATE IN A VARIETY OF FACTORS INCLUDING SIZE OF STUDENT OPERATIONS, STRENGTH OF PROGRAM, AND WITH WHOM WE COMPETE FOR STUDENTS AND FACULTY. THE BOARD AND HEAD OF SCHOOL UNDERTAKE AN ANNUAL REVIEW PROCESS ON THE WORK OF THE HEAD OF SCHOOL AND THAT, TOO, IS PART OF THE FINAL COMPENSATION SETTING FOR THE SUBSEQUENT SCHOOL YEAR. IN ADDITION, THE HEAD OF SCHOOL USES THE NAIS DATABASE WHEN SETTING ANNUAL COMPENSATION FIGURES FOR THE OTHER OFFICERS AND KEY EMPLOYEES. USING THE SAME 20 SCHOOLS IN THE NAIS, THE HEAD OF SCHOOL REVIEWS THE COMPENSATION DATA FOR THE KEY ADMINISTRATORS AT THE SCHOOL TO ENSURE MARKETPLACE REASONABLENESS AND SIMILARLY LOOKS AT THE CALIFORNIA LANDSCAPE IN ADDITION TO NAIS. THE CALISBOA DATABASE IS A KEY RESOURCE IN GATHERING INFORMATION SPECIFIC TO CALIFORNIA. THIS PROCESS WAS LAST COMPLETED IN 2024 FOR THE HEAD OF SCHOOL BY THE TRUSTEES AND FOR KEY ADMINISTRATORS BY THE HEAD OF SCHOOL. FORM 990, PART VI, SECTION C, LINE 19 SCHOOL WILL PROVIDE COPIES OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN SPLIT INTEREST 26,656. LOSS ON UNCOLLECTIBLE CONTRIBUTION RECEIVABLE -1,380,000. FORM 990, PART XII, LINE 2C: SELECTION OF INDEPENDENT ACCOUNTANT: THE PROCESS FOR OVERSIGHT AND SELECTION OF THE INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR.