2021-04-02T13:21:25-05:00 2020-06-30 410746749 CLIFTONLARSONALLEN LLP 301 NORTH LAKE AVENUE SUITE 900 PASADENA CA 91101 990 2019-07-01 141841085 VISTAMAR SCHOOL VIST 3106437377 737 HAWAII STREET EL SEGUNDO CA 90245 CHRISTOPHER BRIGHT HEAD OF SCHOOL 3106437377 2021-03-23 1 KAREN LO P02141262 6267933600 2021-03-23 2019 2022-09-23 18:48:47Z CHRISTOPHER BRIGHT 737 HAWAII STREET EL SEGUNDO CA 90245 23735454 0 X WWW.VISTAMARSCHOOL.ORG X 2002 CA ORGANIZATION IS AN INDEPENDENT COLLEGE PREPARATORY SCHOOL, LOCATED IN EL SEGUNDO, CALIFORNIA. 19 19 103 19 0 0 2979879 2267446 10505469 10744709 191571 577645 26211 109343 13703130 13699143 2421218 2439605 0 0 6427401 6970180 0 0 498661 3284664 3309035 12133283 12718820 1569847 980323 29934691 31216229 16058941 16628581 13875750 14587648 VISTAMAR SCHOOL EMPOWERS STUDENTS, PREPARING THEM TO CONTRIBUTE AND EXCEL IN HIGHER EDUCATION AND IN LIFE, AND COMMITS TO A BROAD AND BALANCED PROGRAM THAT CHALLENGES AND ENGAGES STUDENTS, BUILDING THEIR INDIVIDUAL SKILLS AND INSPIRING A PASSION FOR LEARNING. 0 0 10082995 2439605 10806376 THE SCHOOL IS AN INDEPENDENT, CO-EDUCATIONAL, NON-DENOMINATIONAL COLLEGE PREPARATORY DAY SCHOOL FOR GRADES 9 THROUGH 12 AND HAS AN ACADEMIC PROGRAM, ART PROGRAM, ATHLETICS PROGRAM, INFORMATION LITERACY AND LEARNING RESOURCES PROGRAM, AND GLOBAL EDUCATION PROGRAM. VISTAMAR SERVED APPROXIMATELY 276 STUDENTS FOR THE YEAR ENDED JUNE 30, 2020. VISTAMAR'S GLOBALLY INFLUENCED CURRICULUM AND DISTINCTLY DIVERSE LEARNING COMMUNITY FOSTER IN ITS STUDENTS INTELLECTUAL ENGAGEMENT AND A MATURE UNDERSTANDING OF THE WORLD. EVERY DAY, THE FACULTY INSPIRES STUDENTS TO THINK CRITICALLY, FIND CONNECTIONS BETWEEN THEMSELVES AND OTHERS, AND COLLABORATE AS GLOBAL CITIZENS. 10082995 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 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 52 0 103 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 1 1 0 CA X NAJAH LOWE CHIEF FINANCIAL OFFICER 3106437377 737 HAWAII STREET EL SEGUNDO CA 90245 CHRISTOPHER BRIGHT HEAD OF SCHOOL 40.00 X 304060 0 28900 BRIAN HOLLIS DIRECTOR OF FINANCE 40.00 X 197743 0 24295 JASON GREGORY ASSISTANT HEAD OF SCHOOL 40.00 X 138115 0 17978 LEE ANN METIVIER DIRECTOR OF DEVELOPMENT 40.00 X 120912 0 13320 LIJUN SHI CHINESE LANGUAGE TEACHER 40.00 X 109116 0 16699 STEPHANIE BARNES DIRECTOR OF COMMUNITY LIFE 40.00 X 101186 0 16561 RONE KRIS BOARD CHAIR 1.00 X X 0 0 0 STU MACFARLANE VICE CHAIR 1.00 X X 0 0 0 LORIN LIESY SECRETARY 1.00 X X 0 0 0 KOLLMORGEN LAILA TREASURER 1.00 X X 0 0 0 ARMITAGE MIKE TRUSTEE 1.00 X 0 0 0 ATAIN ANNMARIE TRUSTEE 1.00 X 0 0 0 BEHRENS TATE TRUSTEE 1.00 X 0 0 0 BUCK CARLA TRUSTEE 1.00 X 0 0 0 BURKE MIKE TRUSTEE 1.00 X 0 0 0 BUTLER DERRICK TRUSTEE 1.00 X 0 0 0 ERIN FREEMAN TRUSTEE 1.00 X 0 0 0 HECHMER PAUL TRUSTEE 1.00 X 0 0 0 HORWITZ GARY TRUSTEE 1.00 X 0 0 0 KINNEY NEIL TRUSTEE 1.00 X 0 0 0 KONIGSBERG LAURA TRUSTEE 1.00 X 0 0 0 LIEBER ELI TRUSTEE 1.00 X 0 0 0 POSNANSKY SHEBA TRUSTEE 1.00 X 0 0 0 WHITE ALIYA TRUSTEE 1.00 X 0 0 0 WILLIAMS JEFF TRUSTEE 1.00 X 0 0 0 971132 0 117753 6 0 1 0 JFT TRANSPORTATION 13833 HAWTHORNE BLVD STE 55 HAWTHORNE CA 90250 BUS TRANSPORATION 147168 KNOWING TECHNOLOGIES LLC 609 PRICE AVENUE 101 REDWOOD CITY CA 94063 I.T. CONSULTING 102550 2 174976 2092470 696839 2267446 TUITION AND FEES 611600 10744709 10744709 10744709 188173 188173 10422367 10032895 389472 389472 389472 0 174976 3416 -3416 -3416 TRANSPORTATION REVENUE 480000 61667 61667 OTHER REVENUE 900099 36422 36422 FACILITY RENTAL 900099 14670 14670 112759 13699143 10806376 0 625321 2439605 2439605 573746 69495 504251 5240079 4408632 537063 294384 273751 206341 52684 14726 448931 355049 65388 28494 433673 317715 93845 22113 115014 115014 31588 31588 36812 36812 67847 42866 24981 139176 127349 11827 351242 248195 103047 167393 104615 62778 421825 342114 62035 17676 325901 296901 63 28937 11706 11706 469566 404273 65293 593491 504467 59349 29675 146540 117232 21981 7327 ALL OTHER EXPENSES 237227 132001 95587 9639 EMPLOYEE DEVELOPMENT 122869 39031 52182 31656 SECURITY COST 68079 54463 13616 BAD DEBT EXPENSE 2759 552 2207 12718820 10082995 2137164 498661 4682956 6172413 126475 111735 46220 64959 120570 112749 23204497 7214349 16311398 15990148 8647072 8764225 29934691 31216229 930519 946399 5551481 5145020 8076941 7871862 1500000 1500000 1165300 16058941 16628581 X 4825702 4747439 9050048 9840209 13875750 14587648 29934691 31216229 980323 -268425 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8887921 281806 405502 8764225 8725077 240849 332545 410550 8887921 8259418 589575 393916 8725077 8246421 667947 384950 8259418 7993543 500000 152035 399157 8246421 0.60420 0.39580 1 0 6100000 6100000 14725206 5192208 9532998 2239066 2008871 230195 140225 13270 126955 15990148 X 10954301 -268425 -2439605 -2708030 13662331 36812 36812 13699143 10242403 0 10242403 36812 2439605 2476417 12718820 PART V, LINE 4: VISTAMAR HAS THREE ENDOWMENTS. FIRST, THE FINANCIAL ACCESS ENDOWMENT IS RESTRICTED TO INVESTMENT IN PERPETUITY, WITH THE INCOME EXPENDABLE FOR THE SUPPORT OF FINANCIAL ACCESS AT VISTAMAR SCHOOL. THE ANNUAL DRAW WILL BE 5% OF THE TRAILING AVERAGE VALUE OF THE FUND'S CORPUS OVER SIX CONSECUTIVE QUARTERS. SECOND, THE FUND FOR ACCESS AND INSPIRATION IS ALSO DESIGNATED TO THE SUPPORT OF FINANCIAL ACCESS, WITH AN ANNUAL DRAW OF 5% OF THE TRAILING AVERAGE OF THE FUND'S CORPUS OVER SIX CONSECUTIVE QUARTERS. ALLOCATIONS FROM THE FUND FOR ACCESS AND INSPIRATION ARE TO BE USED SOLELY FOR THE PURPOSE OF FINANCIAL ACCESS GRANTS TO COVER TUITION AND FEES OF MISSION-ENHANCING STUDENTS WITH DEMONSTRATED FINANCIAL NEED. THIRD, THE RALPH-GIBSON GYMNASIUM FUND IS ESTABLISHED TO PROVIDE FUNDING FOR THE SCHOOL'S MODERATED TUITION PROGRAM ON AN ANNUAL BASIS UNTIL A CAPITAL CAMPAIGN TO RENOVATE THE SCHOOL'S GYM IS CONDUCTED. PART X, LINE 2: VISTAMAR HAS RECEIVED FAVORABLE DETERMINATION LETTERS INDICATING IT IS EXEMPT FROM FEDERAL INCOME TAXES AND CALIFORNIA FRANCHISE TAXES AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE 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 VISTAMAR ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: MODERATED TUITION (TUITION ASSISTANCE) -2,439,605. PART XII, LINE 4B - OTHER ADJUSTMENTS: MODERATED TUITION (TUITION ASSISTANCE) 2,439,605. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 A STATEMENT OF NON-DISCRIMINATION WAS PUBLISHED IN THE LA TIMES. BLUE & GOLD GALA 2020 174976 174976 2395 311 110 600 174976 174976 2395 311 110 600 3416 -3416 1 MODERATED TUITION AWARDED TO ELIGIBLE STUDENTS. 80 2439605 0 N/A N/A PART I, LINE 2: SCHOOL ADMISSIONS ARE DETERMINED BY A SEPARATE, INDEPENDENT ADMISSIONS COMMITTEE. ONLY THOSE STUDENTS WHO HAVE BEEN ADMITTED WILL BE CONSIDERED FOR MODERATED TUITION ASSISTANCE. ALL FAMILIES INTERESTED WILL RECEIVE AN APPLICATION FOR MODERATED TUITION WHICH ARE PROCESSED BY AN OUTSIDE VENDOR WHO MAKES RECOMENDATIONS ON MODERATED TUITION BASED ON A SET OF CRITERIA USED TO DETERMINE NEED. COMPLETED MODERATED TUITION APPLICATIONS ARE REVIEWED BY THE MODERATED TUITION COMMITTEE, WHOSE PURPOSE IS TO ALLOCATE AVAILABLE MODERATED TUITION FUNDS FAIRLY AND CONSISTENTLY, AND ON A NON-DISCRIMINATORY BASIS. 1 X X X X X 0 0 0 0 0 0 0 0 0 CHRISTOPHER BRIGHT HEAD OF SCHOOL 304060 0 0 0 0 0 15354 0 13546 0 332960 0 0 0 BRIAN HOLLIS DIRECTOR OF FINANCE 197743 0 0 0 0 0 9887 0 14408 0 222038 0 0 0 JASON GREGORY ASSISTANT HEAD OF SCHOOL 138115 0 0 0 0 0 7716 0 10262 0 156093 0 0 0 A CALIFORNIA MUNICIPAL FINANCE AUTHORITY 201569466 2012-06-20 9405000 TO PAY OFF EXISTING DEBT 0 0 0 A 9405000 9403575 1425 1 0 1 1 A 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 A 0 CYNTHIA LEE AND JOHN H SMET FORMER TRUSTEE PURCHASE PROPERTY AND PROVIDE WORKING CAPITAL X 1000000 750000 0 1 1 DAVID AND CINDY HOAG FORMER TRUSTEE PURCHASE PROPERTY AND PROVIDE WORKING CAPITAL X 500000 375000 0 1 1 JON D RALPH AND PATRICIA L GIBSON FORMER TRUSTEE PURCHASE PROPERTY AND PROVIDE WORKING CAPITAL X 500000 375000 0 1 1 1500000 X 8 696839 FMV ON DATE OF GIFT 0 0 1 0 PART I, LINE 32B: COLUMN (B) REPORTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION B, LINE 11B TO A CERTAIN EXTENT, THE EXECUTIVE COMMITTEE HAS BEEN DELEGATED FUNCTIONS IT CAN CARRY OUT WITHOUT APPROVAL OF THE FULL BOARD. THESE ARE LIMITED, HOWEVER, BY BYLAW 5.1.1(B), WHICH PROHIBITS THE EXEC COMMITTEE FROM CARRYING OUT CERTAIN FUNCTIONS OF THE BOARD (LIKE FILLING BOARD VACANCIES, CHANGING THE BYLAWS, CHANGING THE STRUCTURE OF THE BOARD OR AMENDING/REPEALING CERTAIN RESOLUTIONS OF THE FULL BOARD). AS OF JUNE 30, 2020, THE EXECUTIVE COMMITTEE WAS COMPRISED OF THE FOLLOWING BOARD MEMBERS: CARLA BUCK, STU MACFARLANE, KRIS RONE, JEFFREY WILLIAMS. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST POLICY REPRESENTATION WHEN JOINING THE BOARD AND ANNUALLY THEREAFTER. THE CONFLICT OF INTEREST POLICY IS DISCUSSED AT THE FIRST BOARD MEETING OF THE YEAR AND AGAIN AT THE LAST BOARD MEETING OF THE YEAR. THE SCHOOL SHALL NOT BE A PARTY TO A TRANSACTION IN WHICH ONE OR MORE OF ITS TRUSTEES HAVE A MATERIAL FINANCIAL INTEREST UNLESS THE TRANSACTION IS REVIEWED BY OUTSIDE COUNSEL AND APPROVED BY AT LEAST TWO-THIRDS OF THE DISINTERESTED MEMBERS OF THE BOARD. THE CHIEF FINANCIAL OFFICER REVIEWS AND QUESTIONS POTENTIAL CONFLICTS OF INTEREST AS THEY PRESENT THEMSELVES. THE INDIVIDUAL WITH A CONFLICT IS NOT ALLOWED TO VOTE ON THE ISSUE BEFORE THE GOVERNING BODY. IF THE CONFLICT IS WITH A TRUSTEE, IT MUST BE REPORTED TO THE BOARD CHAIR AND WOULD BE DISCLOSED IN THE MINUTES. IF IT INVOLVES AN EMPLOYEE, IT MUST BE REPORTED TO THE HEAD OF SCHOOL AND WILL BE DOCUMENTED IN THE EMPLOYEE HR FILE. FORM 990, PART VI, SECTION B, LINE 15 A BOARD COMPENSATION SUBCOMMITTEE CONSIDERS THE COMPENSATION OF THE HEAD OF SCHOOL AND PREPARES A SAFE HARBOR ANALYSIS, WHICH USES COMPARABLE DATA FROM OTHER LOCAL INDEPENDENT SCHOOLS AND WRITTEN CONTRACTS WITH THE HEAD OF SCHOOL WHICH ARE APPROVED BY THE BOARD OF TRUSTEES. THE HEAD OF SCHOOL REVIEWS SALARIES FOR KEY MANAGEMENT EMPLOYEES WITH THE BOARD CHAIR. THIS FORM IS THEN PROVIDED TO HUMAN RESOURCES AND FILED. THE COMPENSATION PROCESS FOR THE HEAD OF SCHOOL WAS LAST CONDUCTED IN JUNE 2017 WITH THE APPROVED COMPENSATION EFFECTIVE JULY 1, 2017. FORM 990, PART VI, SECTION C, LINE 19 VISTAMAR'S BYLAWS, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS ARE ALL AVAILABLE UPON REQUEST.