2022-03-23T21:49:59-05:00 2021-06-30 946214841 ARMANINO LLP 12657 ALCOSTA BLVD STE 500 SAN RAMON CA 945834600 990 2020-07-01 951875978 LA JOLLA COUNTRY DAY SCHOOL LAJO 8584533440 9490 GENESEE AVENUE LA JOLLA CA 92037 DAVID A SIGAL CFO CFO 8584533440 2022-03-22 1 DAVID SIGAL CFO 999009999 KATY BROWN P00650274 9257902600 2022-03-22 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z DR GARY KRAHN 9490 GENESEE AVENUE LA JOLLA CA 92037 105276583 0 X WWW.LJCDS.ORG X 1926 CA TO PREPARE INDIVIDUALS FOR A LIFETIME OF INTELLECTUAL EXPLORATION AND PERSONAL GROWTH. 23 23 355 50 0 0 2315671 3209297 39183002 39703750 2202179 9821432 135249 96896 43836101 52831375 4880471 4912962 0 0 24664529 25236869 0 0 1045909 11757144 11572042 41302144 41721873 2533957 11109502 102697916 109896777 57579450 51684224 45118466 58212553 LA JOLLA COUNTRY DAY SCHOOL PREPARES INDIVIDUALS FOR A LIFETIME OF INTELLECTUAL EXPLORATION, PERSONAL GROWTH AND SOCIAL RESPONSIBILITY. 0 0 35802070 4912962 39683591 LA JOLLA COUNTRY DAY SCHOOL PREPARES INDIVIDUALS FOR A LIFETIME OF INTELLECTUAL EXPLORATION, PERSONAL GROWTH AND SOCIAL RESPONSIBILITY WHILE INSPIRING GREATNESS FOR A BETTER WORLD. THESCHOOL HAS CAPACITY FOR 1,200 STUDENTS FROM NURSERY THROUGH 12TH GRADE. 35802070 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 118 0 1 355 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 23 23 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X KELLY WHITE 8584533440 9409 REGENTS ROAD LA JOLLA CA 92037 LUCY SMITH CONROY PRESIDENT 1.00 X X 0 0 0 LISA BICKER MARTIN VICE PRESIDENT 1.00 X X 0 0 0 HAL DUNNING TREASURER (LEFT 6/21) 1.00 X X 0 0 0 KAREN DESCHAINE SECRETARY 1.00 X X 0 0 0 YURIKO ANTON TRUSTEE (LEFT 6/21) 1.00 X 0 0 0 JACK CHITAYAT TRUSTEE 1.00 X 0 0 0 RUSSELL HOLMES TRUSTEE 1.00 X 0 0 0 BOB KAIN TRUSTEE 1.00 X 0 0 0 JAMES KELLY TRUSTEE 1.00 X 0 0 0 FAISEL KHAN TRUSTEE 1.00 X 0 0 0 DANA MEISELMAN TRUSTEE 1.00 X 0 0 0 AMY MISCHLER TRUSTEE 1.00 X 0 0 0 JENNIFER O'BRIEN TRUSTEE 1.00 X 0 0 0 JEFF O'NEILL TRUSTEE 1.00 X 0 0 0 TONY TORANTO TRUSTEE 1.00 X 0 0 0 SUSAN TOUSI TRUSTEE 1.00 X 0 0 0 JING ZENG TRUSTEE 1.00 X 0 0 0 CHARLES BERGAN TRUST (START 7/20) 1.00 X 0 0 0 SCOTT CARTWRIGHT TRUST (START 7/20) 1.00 X 0 0 0 SANDRA COUFAL TRUST (START 7/20) 1.00 X 0 0 0 MARINA MARRELLI TRUST (START 7/20) 1.00 X 0 0 0 MICAH PARZEN TRUST (START 7/20) 1.00 X 0 0 0 LORRI SULPIZIO TRUST (START 7/20) 1.00 X 0 0 0 GARY KRAHN HEAD OF SCHOOL 40.00 X 548267 0 31769 DAVID SIGAL CHIEF FINANCIAL OFFICER 40.00 X 287363 0 29065 COLLEEN O'BOYLE ASST. HOS FOR ACADEMIC AFF 40.00 X 224883 0 26039 THOMAS TROCANO HEAD OF UPPER SCHOOL 40.00 X 189029 0 23764 PAYTON HOBBS HEAD OF LOWER SCHOOL 40.00 X 176211 0 22090 JENNIFER JUNE CHIEF PHILANTHROPY OFFICER 40.00 X 154003 0 21839 JEFFREY HUTZLER ATHLETICS & PHYSICAL EDU. 40.00 X 152962 0 21171 MARK MARCUS LEFT 620 ASST. HOS FOR OPERATIONS 40.00 X 165073 0 18947 1897791 0 194684 43 1 1 0 SAGE DINING SERVICES INC 1402 YORK ROAD SUITE 100 LUTHERVILLE MD 21093 FOOD SERVICES 851828 SANDSTRAND SERVICES 4858 RONSON COURT SUITE B SAN DIEGO CA 92111 JANITORIAL SERVICES 346029 TRANE 3565 CORPORATE COURT SAN DIEGO CA 92123 HEATING AND AIR CONDITIONING 193063 ALLIED UNIVERSAL SECURITY SERVICES PO BOX 31001-2374 PASADENA CA 91110 SECURITY SERVICES 149315 LIEBERT CASSIDY WHITMORE 603 WEST CENTURY BLVD LOS ANGELES CA 90045 LEGAL SERVICES 120532 8 401699 803243 2004355 85993 3209297 TUITION REVENUE 611600 38965413 38965413 AUXILIARY SERVICE FEES 611600 516611 516611 SERVICE CHARGES 611600 112686 112686 APPLICATION FEES 611600 109040 109040 39703750 796692 796692 61377307 52352567 9024740 9024740 9024740 117912 401699 92641 25271 25271 OTHER INCOME 611600 71625 71625 71625 52831375 39703750 0 9918328 4912962 4912962 1015131 149899 728095 137137 18893715 16256195 2092815 544705 1270158 1044828 188754 36576 2619043 2238443 320896 59704 1438822 1183570 213819 41433 114467 114467 65742 65742 119731 119731 1319469 986231 308536 24702 47327 47327 2875261 2698993 134929 41339 467896 386998 60669 20229 736013 698684 31484 5845 2 2 72316 69676 2545 95 1607525 1459934 127497 20094 3057533 2902464 130789 24280 416715 359281 47862 9572 EQUIPMENT RENTAL 210767 208689 1736 342 OTHER EXPENSES 201737 72069 49864 79804 TRAINING 196869 173154 23665 50 BAD DEBT EXPENSE 62672 62672 41721873 35802070 4873894 1045909 1571895 795062 18014045 16174544 9511 803593 1018142 143360 9574 21659 740281 1671680 82827327 39334309 45649175 43493018 34095582 10938485 1527672 35786667 62039 68709 102697916 109896777 1716671 2002768 8572713 10550322 24903129 23904716 8130354 7801195 14256583 7425223 57579450 51684224 X 37120243 48819272 7998223 9393281 45118466 58212553 102697916 109896777 X 11109502 -501545 2486130 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 33630882 223340 9177190 227113 42804299 30642571 2968082 261235 241006 33630882 29190088 163733 1837653 548903 30642571 27135651 401172 2178842 525577 29190088 24274322 386678 2894268 419617 27135651 0.86460 0.08180 0.05360 1 0 9906179 9906179 65844944 33854693 31990251 6675001 5479616 1195385 401203 401203 43493018 PRIVATE EQUITY 595794 F REAL ESTATE 439550 F VENTURE CAPITAL 1217287 F ANGELES PRIVATE MARKETS FUND 468448 F ANGELES ABSOLUTE RETURN FUND 6401000 F ANGELES DIVERSIFIED INCOME FUND 7032805 F ANGELES GLOBAL EQUITY FUND 19631783 F 35786667 INTEREST RATE SWAP 7425223 7425223 X 49877992 -501545 2084 2578771 2079310 47798682 119731 4912962 5032693 52831375 36783905 2084 92641 94725 36689180 119731 4912962 5032693 41721873 PART V, LINE 4: BOARD DESIGNATED ENDOWMENT FUNDS ARE USED AT THE DISCRETION OF THE BOARD, AND MAY VARY FROM TIME-TO-TIME. INTEREST AND DIVIDENDS EARNED ON DONOR-RESTRICTED ENDOWMENT FUNDS ARE USED FOR THE PURPOSE STIPULATED BY THE DONORS. THE SCHOOL HAS ENACTED A POLICY OF SPENDING PRINCIPAL OR PRINCIPAL APPRECIATION OF THE FUNDS (ABSENT DONOR REQUIREMENTS TO THE CONTRARY). PART X, LINE 2: THE SCHOOL IS A QUALIFIED SCHOOL 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 MANAGEMENT HAS EVALUATED ITS CURRENT TAX POSITIONS AND HAS CONCLUDED THAT AS OF JUNE 30, 2021, THE SCHOOL DOES NOT HAVE ANY SIGNIFICANT UNCERTAIN TAX POSITIONS FOR WHICH A RESERVE WOULD BE NECESSARY. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST 6,670. CHANGE IN VALUE OF INTEREST RATE SWAPS 2,479,460. DIRECT FUNDRAISING EXPENSES 92,641. PART XI, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE 4,912,962. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 92,641. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE 4,912,962. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 NOTICE OF NONDISCRIMINATORY POLICY IS ON ITS PRIMARY PUBLICLY ACCESSIBLE INTERNET HOMEPAGE IN A MANNER THAT IS REASONABLY EXPECTED TO BE NOTICED BY VISITORS. ANNUAL GALA 519611 401699 117912 48956 4000 39685 519611 401699 117912 48956 4000 39685 92641 25271 1 0 0 FINANCIAL AID 218 4896241 FMV DIRECT CREDIT TO STUDENT ACCOUNT FINANCIAL AID 18 16721 ACTUAL RECEIPT COMPUTER REIMBURSEMENT FOR BRING YOUR OWN DEVICE PART I, LINE 2: ALL FINANCIAL ASSISTANCE IS TREATED AS A DIRECT CREDIT TO THE STUDENT ACCOUNT PROGRAM EXCEPT FOR OUR BRING YOUR OWN DEVICE PROGRAM. UNDER THIS PROGRAM, WE ASK THE FAMILIES TO PURCHASE THEIR OWN LAPTOPS FOR THE STUDENTS TO USE. THE FAMILIES PROVIDE DETAILED RECEIPT TO THE SCHOOL. THE SCHOOL WILL THEN REIMBURSE THE PARENTS THE SAME PERCENTAGE THEY RECEIVE IN ASSISTANCE FOR THE LAPTOP UP TO $1,200. X X 1 1 X X X X 0 1 0 0 0 0 0 1 0 GARY KRAHN HEAD OF SCHOOL 458646 0 0 0 89621 0 21375 0 10394 0 580036 0 0 0 DAVID SIGAL CHIEF FINANCIAL OFFICER 253456 0 20000 0 13907 0 19041 0 10024 0 316428 0 0 0 COLLEEN O'BOYLE ASST. HOS FOR ACADEMIC AFF 198605 0 15000 0 11278 0 14895 0 11144 0 250922 0 0 0 THOMAS TROCANO HEAD OF UPPER SCHOOL 182292 0 5000 0 1737 0 13875 0 9889 0 212793 0 0 0 PAYTON HOBBS HEAD OF LOWER SCHOOL 164365 0 5000 0 6846 0 12375 0 9715 0 198301 0 0 0 MARK MARCUS LEFT 620 ASST. HOS FOR OPERATIONS 125502 0 0 0 39571 0 9123 0 9824 0 184020 0 0 0 JENNIFER JUNE CHIEF PHILANTHROPY OFFICER 149765 0 0 0 4238 0 12000 0 9839 0 175842 0 0 0 JEFFREY HUTZLER ATHLETICS & PHYSICAL EDU. 151336 0 0 0 1626 0 11347 0 9824 0 174133 0 0 0 PART I, LINE 1A THE CURRENT HEAD OF SCHOOL'S SPOUSE OCCASIONALLY ACCOMPANIES THE HEAD OF SCHOOL ON BUSINESS TRIPS (WHEN DEEMED APPROPRIATE), THE VALUE OF WHICH IS REPORTED AS TAXABLE COMPENSATION ON THE CURRENT HEAD OF SCHOOL'S FORM W-2, WHEN REQUIRED. AS PART OF THE HEAD OF SCHOOL'S EMPLOYMENT CONTRACT, THE SCHOOL PROVIDES HIM/HER WITH A HOUSING ALLOWANCE WHICH IS REPORTED AS TAXABLE COMPENSATION ON FORM W-2. PART I, LINE 7 THE HEAD OF SCHOOL IS AUTHORIZED TO MAKE NON-FIXED BONUSES TO EMPLOYEES AT HIS/HER DISCRETION. A ABAG FINANCE AUTHORITY FOR NONPROFIT CORPORATIONS 943130123 00037CQQ6 2010-10-14 29850000 THE DATE OF ISSUANCE OF THE BONDS REFUNDED WERE 6/29/2006 AND 7/12/2007. 0 0 0 A 5945284 29850097 29850097 2010 1 0 1 1 A 0 0 0 0 0 0 1 A 0 1 1 1 1 0 0 1 1 A 1 SCHEDULE K, PART IV, ARBITRAGE, LINE 2C: (A) ISSUER NAME: ABAG FINANCE AUTHORITY FOR NONPROFIT CORPORATIONS THE FINAL ARBITRAGE REBATE AND YIELD RESTRICTION COMPLIANCE REPORT WAS COMPLETED ON 1/27/2014. X 6 85069 FMV X FOOD 1 924 FMV 0 0 1 0 PART I, COLUMN (B): THIS NUMBER REPRESENTS THE NUMBER OF CONTRIBUTIONS MADE, NOT THE NUMBER OF ITEMS CONTRIBUTED. FORM 990, PART VI, SECTION A, LINE 4 DURING THE TAX YEAR, THE ORGANIZATION MADE CHANGES TO ITS BYLAWS. NOW ALL TRUSTEES (OTHER THAN AN EX-OFFICIO TRUSTEE) CANNOT SERVE MORE THAN TWO CONSECUTIVE TERMS. TRUSTEES SHALL BE ELECTED AT EACH ANNUAL MEETING OF THE TRUSTEES. THE ORGANIZATION CAN NOW HAVE ONE OR MORE VICE-PRESIDENTS. THE BYLAWS NOW STATE THAT THE CHIEF FINANCIAL OFFICER SHALL BE THE MOST SENIOR FINANCE AND ACCOUNTING PROFESSIONAL EMPLOYED BY THE SCHOOL, AND SHALL HAVE THOSE POWERS AND DUTIES AS ARE TYPICAL FOR SUCH OFFICER AND AS MAY BE PRESCRIBED FROM TIME TO TIME BY THE BOARD. THERE ARE NOW 10 STANDING COMMITTEES OF THE BOARD. THE ENGAGEMENT COMMITTEE NOW PROVIDES LEADERSHIP FOR ENGAGING ONLY EXTERNAL CONSTITUENTS IN THE SCHOOL'S ACTIVITIES. THE BOARD MAY, WITH THE AFFIRMATIVE VOTE OF TWO-THIRDS (2/3) OF THE BOARD, APPOINT ONE OR MORE ADDITIONAL TRUSTEES TO THE EXECUTIVE COMMITTEE. THE ORGANIZATION ADDED TWO NEW COMMITTEES. THE COMMITTEE FOR DIVERSITY, EQUITY, AND INCLUSION OVERSEES AND MAKES RECOMMENDATIONS REGARDING DIVERSITY, EQUITY AND INCLUSION INITIATIVES AND SUPPORTS THE HEAD OF SCHOOL AND THE LEADERSHIP TEAM IN SUCH AREAS. THE PHILANTHROPY COMMITTEE PROVIDES LEADERSHIP FOR FUNDRAISING ACTIVITIES AT THE SCHOOL. FORM 990, PART VI, SECTION B, LINE 11B THE SCHOOL'S FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM BASED UPON INFORMATION PROVIDED BY THE SCHOOL. A COMPLETE COPY IS REVIEWED BY INTERNAL MANAGEMENT OF THE SCHOOL FOR ACCURACY AND COMPLETENESS. THE AUDIT COMMITTEE, WHICH HAS RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT, THEN REVIEWS THE COMPLETE FORM 990. THE LAST STEP IN THE REVIEW PROCESS, A COMPLETE COPY OF THE FORM 990 IS MADE AVAILABLE FOR VIEWING TO EACH VOTING MEMBER OF THE SCHOOL'S GOVERNING BODY VIA A PASSWORD-PROTECTED WEBSITE BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY BY HAVING AN ANNUAL WRITTEN CONFIRMATION BY ALL AFFECTED INDIVIDUALS WHO ARE INSTRUCTED TO NOTIFY THE SCHOOL OF ANY SUBSEQUENT CHANGES. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING COMPENSATION OF THE SCHOOL'S HEAD OF SCHOOL AND OTHER KEY EMPLOYEES INVOLVES THE FOLLOWING: (1) IDENTIFICATION OF KEY EMPLOYEES, (2) REVIEW AND APPROVAL BY A SUBCOMMITTEE OF THE GOVERNING BODY AND THE BOARD OF TRUSTEES, (3) USE OF DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS, AND (4) CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING WITH RESPECT TO DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENT. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST 6,670. CHANGE IN VALUE OF INTEREST RATE SWAPS 2,479,460. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.