2016-05-12T11:54:10-07:00 2015-06-30 990 2014-07-01 951642398 The Thacher School THAC 8056403237 5025 Thacher Road Ojai CA 93023 James Poulsen Asst. Treasurer 2016-05-12 2014 2016-08-17 19:52:53Z Michael Mulligan 5025 Thacher Road Ojai CA 93023 60258696 false false X www.thacher.org X 1924 CA The Thacher School is a coeducational boarding high school (grades 9-12) serving academically talented students who will benefit from a rigorous college preparatory experience. Honor, fairness, kindness and truth are the cornerstones of school life. 31 31 234 31 0 -255902 15216642 38296543 12541772 13600886 6036611 1453435 187299 153513 33982324 53504377 2345969 2749252 0 9583994 10471742 0 1874541 11776762 12272441 23706725 25493435 10275599 28010942 213716129 242983678 38192441 37634421 175523688 205349257 The Thacher School is a coeducational boarding high school (grades 9-12) serving academically talented students who will benefit from a rigorous college preparatory experience. Honor, fairness, kindness and truth are the cornerstones of school life. false false 19333089 2749252 13538160 Regular Education Program: The philosophy of The Thacher School is rooted in the wisdom and work of its founder, Sherman Day Thacher, who embraced the extraordinary natural venue of his school and sought above all else to train his students in the art of living for their own greatest good and for the good of their fellow citizens. He believed the most worthwhile education combined a vigorous academic life with rugged outdoor activities that engendered self-reliance, concern for others, and fidelity to four principles: honor, fairness, kindness, and truth. 66186 62726 Sierra Wilderness Program: Golden Trout Camp offers an educational experience for alumni and friends of The Thacher School. GTC is a throwback to an earlier time in the Sierra when hunting and fishing camps were common in the high country. Located at 10,200 feet, just south of one of the highest peaks in California, the camp offers access to one of the world's wildest ecosystems. 19399275 true true false false false false false false false true true true false true false true true false true false true false false false false false false false true true true false false false false false false false false true false true false false false false false false false false false true 134 0 true 234 true true true false false false false false false 0 false false false false false false false false false false X 31 31 true false false false false false false true true false false false true true true true true true true false CA X The Thacher School Inc 8056403237 5025 Thacher Road Ojai CA 93023 Cabot Brown Board Chair 10.00 0.00 X X 0 0 0 Jane Richardson Board VP 5.00 0.00 X X 0 0 0 Phil Pillsbury Board VP 5.00 0.00 X X 0 0 0 Ted Williams Board Treasurer 5.00 0.00 X X 0 0 0 Louise Muhlfeld Patterson Board Secretary 5.00 0.00 X X 0 0 0 Riley Bechtel Trustee 2.00 0.00 X 0 0 0 Clint Callan Trustee 2.00 0.00 X 0 0 0 Penn Callan Trustee 2.00 0.00 X 0 0 0 Christine Carter Trustee 2.00 0.00 X 0 0 0 Cindy Castaneda Trustee 2.00 0.00 X 0 0 0 David Chao Trustee 2.00 0.00 X 0 0 0 Jennifer Crittenden Trustee 2.00 0.00 X 0 0 0 Mike Galgon Trustee 2.00 0.00 X 0 0 0 John S Gates Trustee 2.00 0.00 X 0 0 0 A Sasha Gifford Trustee 2.00 0.00 X 0 0 0 Henrique Guerra Trustee 2.00 0.00 X 0 0 0 T Newlin Hastings Jr Trustee 2.00 0.00 X 0 0 0 Douglans Hodge Trustee 2.00 0.00 X 0 0 0 Mark Holman Trustee 2.00 0.00 X 0 0 0 Annica Howard Trustee 2.00 0.00 X 0 0 0 Robert W Johnson Trustee 2.00 0.00 X 0 0 0 Lisa Kirkland Trustee 2.00 0.00 X 0 0 0 Jeff Lee Trustee 2.00 0.00 X 0 0 0 Stephanie Lynch Trustee 2.00 0.00 X 0 0 0 Thomas D McCloskey Trustee 2.00 0.00 X 0 0 0 Gretchen Milligan Trustee 2.00 0.00 X 0 0 0 Dudley Rauch Trustee 2.00 0.00 X 0 0 0 Sarah Lavender Smith Trustee 2.00 0.00 X 0 0 0 John Wagner Trustee 2.00 0.00 X 0 0 0 Daniel Yih Trustee 2.00 0.00 X 0 0 0 Diana Rauner Trustee 2.00 0.00 X 0 0 0 Michael Mulligan Head of School 70.00 0.00 X 392145 0 63091 James Poulsen Asst Treasurer 40.00 0.00 X 173806 0 64052 Brandon Doyle Director of Development 40.00 0.00 X 156596 0 58816 Bill McMahon Director of Admission 40.00 0.00 X 150098 0 62934 Bonnie Sharer Controller 40.00 0.00 X 122032 0 22546 Kevin Berrigan Major Gift Officer 40.00 0.00 X 110745 0 23144 Karleane Rogers Major Gift Officer 40.00 0.00 X 110102 0 44487 Sabina McMahon Dean of Students 40.00 0.00 X 103102 0 10421 1318626 349491 8 false true false Bon Appetit 1000 West Temple Street Los Angeles CA 90012 Food Service 1626674 Ventura County Control Systems 505 El Paseo Road Ojai CA 93023 Electric Contractor 294952 Kelly Cleaning Supplies 1445 Donlon St 4 Ventura CA 93003 Janitorial services 277688 Paul Sardino Builders 1308 Park Road Ojai CA 93023 Building Contractor 224450 Shadow Roofing 164 West Park Row Ave Ventura CA 93001 Roofing Contractor 152720 5 38296543 4353323 38296543 Sierra wilderness program 611600 62726 62726 Student services & summer 611710 186539 186539 Tuition & fees 611600 13351621 13351621 13600886 732414 732414 0 0 0 7431782 6710761 721021 721021 721021 0 0 41430 43558 -2128 -2128 Misc. income 611710 155641 155641 155641 53504377 13600886 1606948 0 2749252 2749252 0 0 900585 199445 444821 256319 0 6969899 4700230 1483140 786529 635983 379576 172906 83501 1416792 1107314 229855 79623 548483 338066 143807 66610 0 114663 114663 30594 30594 0 0 727436 727436 518323 46049 339011 133263 251529 61996 148757 40776 841120 497104 189196 154820 326787 319219 4931 2637 0 1728224 1688051 26177 13996 551414 320649 71430 159335 0 111112 43174 11079 56859 1607838 1570464 24353 13021 0 2440796 2384059 36971 19766 360731 335282 17963 7486 Food Service 1696275 1696123 152 Horse & Outdoor Program 519913 519913 Other Operating Expenses 445686 443309 2377 0 25493435 19399275 4219619 1874541 2401006 6692515 4891631 7013771 8989260 28205290 225271 407192 0 0 0 83021 78583 565697 698279 78083666 24004776 52946767 54078890 12869948 13305356 108782560 109913063 0 477968 459224 21483000 22131515 213716129 242983678 1577449 1811388 1819992 1773033 34795000 34050000 38192441 37634421 X 97042024 96717486 22214520 45384527 56267144 63247244 175523688 205349257 213716129 242983678 28010942 1814627 X false true X true false X Part I: Additional Information The School is exempt under IRC Sec. 501(c)(3) because of its purpose as an educational institution. Additionally, the School meets the public support test of IRC Sec 170(b)(1)(A)(vi). RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 138802102 6142902 2307462 6285000 140967466 125647301 2028824 17453993 5876000 139254118 117090437 1202454 12528410 5174000 14822 115644621 6919361 -783545 4690000 117090437 95937821 5815143 18241657 4350000 115644621 0.49000 0.09000 0.42000 true false false 1297102 1297102 64034475 19440198 44594277 8923573 3213368 5710205 1373002 864072 508930 2455514 487138 1968376 54078890 109913063 Rounding 2 22131515 X 50755125 50755125 2749252 2749252 53504377 22744183 22744183 2749252 2749252 25493435 Part V, Line 4: Intended uses of the endowment fund. Endowment funds are intended to further the educational mission of the school by providing for financial aid and support of faculty and facilities. Part X : FIN48 Footnote Since the School is exempt from Federal and State income tax liability, no provision is made for current or deferred income taxes. The School uses the same accounting methods for tax and financial reporting.The accounting principles generally accepted in the United States of America provides accounting and disclosure guidance about positions taken by an organization in its exempt tax returns that might be uncertain. Management has considered its tax positions and believes that all of the positions taken by the School in its Federal and State exempt organization tax returns are more likely than not to be sustained upon examination. The School is subject to examinations by the U.S. Federal and State tax authorities from 2010 to present, generally for three years after they are filed. Part XI, Line 4b: Other revenue amounts included on 990 but not included in F/S Reclass financial aid and grants $2749252 Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S RECLASS FINANCIAL AID AND GRANTS $2749252 true true true true true true true false false false false false false false false false false true Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized The school publishes annually the non-discrimination policy in Los Angeles Times. The school also makes all interested parties aware of its non-discrimination policy through catalogs, brochures, and other such means during the solicitation period. Schedule E, Line 4 - Explanation of Records and Materials Not Maintained Schedule E, Line 5 - Explanation of Organization Discrimination by Race Caribbean 0 0 Investments 46664372 Europe 0 0 Investments 14799658 61464030 61464030 false false false false false false Part I, Line 3f - Method of Accounting Investments are reported at fair market value consistent with U.S. GAAP Part I, Line 3f - Investments and Expenditures Investment of long term endowment funds are reported at book value which reflect the fair market value at year end. Valuations fluctuate based on realized and unrealized gains and losses. true 0 0 Financial aid grants 70 2749252 Book Tuition Offset Additional Supplemental Information In order to objectively establish financial need, The Thacher School subscribes to the services of the School Scholarship Service (SSS) which provides a financial aid need analysis based on information made available by families in a confidential Parent Financial Statement. By applying objective criteria in a specific formula, SSS is able to help establish a family's ability to pay the expected Parental Contribution, which is then adjusted for the number of other family members in tuition charging institutions and for day versus boarding situations. Once financial need has been established Thacher will make a financial aid award which comes as close as possible to meeting the indicated need. X true true X X X false false false false false false false false false false Bill McMahon Director of Admission 150098 15265 47669 213032 Brandon Doyle Director of Development 156596 16436 42380 215412 James Poulsen Asst Treasurer 173806 18000 46052 237858 Karleane Rogers Major Gift Officer 110102 10421 34066 154589 Michael Mulligan Head of School 392145 26000 37091 455236 Part I, Line 1a: Relevant information in regards to selections on 1a. A California Enterprise Development Authority 352273601 13067RAY9 2010-01-04 35515000 Refinanced prior bond issuances false false false A 35515000 562315 false false true true A false false false false false false false false true A false true false false false false A true Part VI Arbitrage rebate computations encompass the bond and investment activity from the closing date, January 4, 2010, through December 31,2014. Based on computations, no rebate liability exists and reporting to the IRS is not required. Michael Mulligan Spouse 73202 Faculty member false X 26 4353323 false true false Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et Parent Association chairs are a single voting member of the Board of Trustees related by marriage.A key employee is related by marriage to a highly compensated employee Form 990, Part VI, Line 11b: Form 990 Review Process The Form 990 is prepared internally and reviewed by the Director of Finance. An outside consultant prepared a top-level review. The full Form 990, except for Schedule B, is reviewed and approved by the audit committee prior to being presented to the full board of trustees through a secure website. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts Conflict of interest disclosure forms are signed by trustees annually. Identified conficts are addressed by the Board President and Head of School as appropriate for the circumstances. An affected board member will recuse themself from any board action that may involve a conflict of interest. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management For the fiscal year ended 6/30/11, the School hired an independent compensation consultant that compared the Head's compensation with that of a group of 28 other schools. The Head's compensation was set based on the information gathered. Subsequent years have been met with inflationary increases. Additionally, in each of those subsequent years comparative data from three dozen boarding schools has been utilized to validate adequacy and comparability. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees The Board of Trustees delegates duties to the Personnel Committee. The Personnel Committee is responsible for conducting annual performance and compensation review of the Head of School. The Personnel Committee also assists the Head of School with issues regarding faculty and adminstrator compensation. Salaries are compared to a peer group of schools who provide statistics through membership with the NAIS. The full board votes and determines the level of compensation. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available Financial statements, conflict of interest policy or governing documents are available to the public upon request.