2025-12-08T17:13:15-06:00 2025-06-30 946214841 ARMANINO ADVISORY LLC 2700 CAMINO RAMON STE 350 SAN RAMON CA 945835004 990 2024-07-01 940382325 HILLBROOK SCHOOL HILL 4083566116 300 MARCHMONT DRIVE LOS GATOS CA 950325659 MARGARET RANDAZZO CFO & COO 4083566116 2025-12-08 1 1 KATY BROWN P00650274 9257902600 2025-12-08 2024 2025-03-06 01:10:19Z MARK SILVER 300 MARCHMONT DRIVE LOS GATOS CA 950325659 27639596 0 X WWW.HILLBROOK.ORG X 1935 CA HILLBROOK PROVIDES AN EXTRAORDINARY EDUCATIONAL EXPERIENCE (CONTINUED ON SCH. O)THAT FOSTERS A LOVE OF LEARNING IN OUR STUDENTS AND HELPS THEM DEVELOP THE KNOWLEDGE, SKILLS, AND CONFIDENCE TO ACHIEVE THEIR HIGHEST INDIVIDUAL POTENTIAL IN SCHOOL AND IN LIFE. AT HILLBROOK, STUDENTS ARE KNOWN, RESPECTED, AND VALUED AS INDIVIDUALS AND EVERY DAY IS A JOURNEY OF SELF-DISCOVERY, IMAGINATIVE THINKING, CREATIVE PROBLEM SOLVING, LAUGHTER, AND FRIENDSHIP. 18 18 134 225 0 0 5733294 6286657 18203092 20935092 248595 287194 -219818 -198814 23965163 27310129 3445974 4036006 0 0 13999716 15140971 0 0 782002 7535874 8594757 24981564 27771734 -1016401 -461605 63387046 75337006 49231131 61647074 14155915 13689932 X HILLBROOK PROVIDES AN EXTRAORDINARY EDUCATIONAL EXPERIENCE THAT FOSTERS A LOVE OF LEARNING IN OUR STUDENTS AND HELPS THEM TO DEVELOP THE KNOWLEDGE, SKILLS AND CONFIDENCE TO ACHIEVE THEIR HIGHEST INDIVIDUAL POTENTIAL IN SCHOOL AND IN LIFE. (CONTINUED ON SCH. O)AT HILLBROOK, STUDENTS ARE KNOWN, RESPECTED, AND VALUED AS INDIVIDUALS AND EVERY DAY IS A JOURNEY OF SELF-DISCOVERY, IMAGINATIVE THINKING, CREATIVE PROBLEM SOLVING, LAUGHTER, AND FRIENDSHIP. 0 0 22652581 4036006 20935092 HILLBROOK SCHOOL IS A CO-EDUCATIONAL COUNTRY DAY SCHOOL FOUNDED IN 1935 AND INCORPORATED IN 1999 AS A CALIFORNIA NOT-FOR-PROFIT CORPORATION TO PROVIDE QUALITY EDUCATION FOR APPROXIMATELY 440 PRIMARY, MIDDLE, AND UPPER SCHOOL AGE CHILDREN IN JUNIOR KINDERGARTEN THROUGH TENTH GRADE.DURING THE YEAR ENDED JUNE 30, 2022, THE SCHOOL'S BOARD OF TRUSTEES APPROVED A PLAN TO EXPAND ITS OPERATION TO ADD AN UPPER SCHOOL FOR STUDENTS IN NINTH THROUGH TWELFTH GRADES. IN JUNE 2022, THE SCHOOL SIGNED LONG-TERM LEASES AT TWO HISTORICAL BUILDINGS PROVIDING FOR A SECOND URBAN CAMPUS LOCATED IN DOWNTOWN SAN JOSE. THE SCHOOL ENROLLED AND LAUNCHED ITS FIRST NINTH GRADE CLASS IN THE FALL OF 2023, ITS FIRST TENTH GRADE CLASS IN THE FALL OF 2024, (CONTINUED ON SCHEDULE O)AND ITS FIRST ELEVENTH GRADE CLASS IN THE FALL OF 2025. THE SCHOOL PLANS TO ADD A TWELFTH GRADE CLASS IN THE FALL OF 2026, WITH A TARGET UPPER SCHOOL ENROLLMENT EVENTUALLY RAMPING UP TO APPROXIMATELY 300 STUDENTS. THE UPPER SCHOOL IS FOCUSED ON A RIGOROUS ACADEMIC PROGRAM THAT BALANCES SKILLS-BASED AND INTEGRATED, INTERDISCIPLINARY OFFERINGS, WITH A DEEP COMMITMENT TO DIVERSITY, EQUITY AND INCLUSION, AND SOCIAL IMPACT EDUCATION. 22652581 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 1 64 0 1 134 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 1 1 0 CA X MARGARET R RANDAZZO CFO & COO 4083566116 300 MARCHMONT DRIVE LOS GATOS CA 950325659 SHANNON HUNT SCOTT CHAIR, BOT AND CEO 4.00 X X 0 0 0 RITA CHEN SECRETARY 2.00 X X 0 0 0 COY ROSS CHAIR, FINANCE & TREASURER 2.00 X X 0 0 0 BILL LOLLER CHAIR, ADVANCEMENT 2.00 X 0 0 0 ROSHAN MEDIZADEH CORSIGLIA CHAIR, AUDIT 2.00 X 0 0 0 CHRIS PRUETT CHAIR, CAPITAL CAMPAIGN 2.00 X 0 0 0 HELEN BELL CHAIR, COT 2.00 X 0 0 0 LEILA SAYAR CHAIR, DEIJA 2.00 X 0 0 0 CHUCK HAMMERS CHAIR, HIGH SCHOOL FACILITIES 2.00 X 0 0 0 IRENE AHN CHAIR, STRATEGIC MODEL TASK FORCE 2.00 X 0 0 0 WALT DRUMMOND TRUSTEE 2.00 X 0 0 0 ERIN FIGEUROA TRUSTEE 2.00 X 0 0 0 COCO HAN TRUSTEE 2.00 X 0 0 0 JASON MONMA TRUSTEE 2.00 X 0 0 0 ADITI ROY TRUSTEE 2.00 X 0 0 0 BREE WRIGHT TRUSTEE 2.00 X 0 0 0 DANIELLE YORK TRUSTEE 2.00 X 0 0 0 GRACE ZHU TRUSTEE 2.00 X 0 0 0 MARK SILVER HEAD OF SCHOOL 40.00 X 632931 0 114539 MARGARET RANDAZZO CFO & COO 40.00 X 386481 0 67053 COLLEEN SCHILLY ASSOCIATE HEAD OF SCHOOL 40.00 X 239265 0 23763 MICHAEL PELLER HEAD OF UPPER SCHOOL 40.00 X 214702 0 19274 GULLIVER LAVALLE HEAD OF MIDDLE SCHOOL & DEI DIR. 40.00 X 208631 0 12569 ILSA DOHMEN CHIEF ACADEMIC OFFICER 40.00 X 182494 0 20899 MARY MAKELA DIRECTOR, SCOTT CENTER FOR ENTREP. 40.00 X 190831 0 18694 HEATHER STINNETT HEAD OF LOWER SCHOOL 40.00 X 173375 0 17523 KIMBERLY YARNALL CHIEF INST. ADVANCEMENT OFFICER 40.00 X 142908 0 14718 TIMOTHY DOWNES DIRECTOR OF US & MS ATHLETICS 40.00 X 161081 0 17554 CHARLOTTE BURKLY DIRECTOR OF COLLEGE COUNSELING 40.00 X 159152 0 18702 ROZANNE SCHIRO DIRECTOR OF HUMAN RESOURCES 40.00 X 155529 0 18616 WILLIAM SELAK DIRECTOR OF TECHNOLOGY 40.00 X 138423 0 20267 2985803 0 384171 50 0 1 0 SWENSON DEVELOPMENT & CONSTRUCTION 715 NORTH FIRST STREET STE 27 SAN JOSE CA 95112 CONSTRUCTION 9455451 HINES BUILDING MAINTENANCE 90 GREAT OAKS BLVD SUITE 216 CAMPBELL CA 95008 MAINTENANCE 738867 ANDERSON BRULE ARCHITECTS INC 325 SOUTH 1ST STREET 4TH FLOOR SAN JOSE CA 95113 ARCHITECTS 541039 STUDENT TRANSPOTATION OF AMERICA PO BOX 51691 LOS ANGELES CA 900535991 STUDENT TRANSPORTATION 530799 EPICUREAN GROUP 111 MAIN STREET STE 3 LOS ALTOS CA 94022 CHEF SERVICES 281521 15 390357 5896300 122839 6286657 TUITION AND FEES 611600 20421326 20421326 AUXILIARY & OTHER PROG 611600 513766 513766 20935092 215088 215088 122044 49938 72106 72106 72106 80715 390357 279529 -198814 -198814 27310129 20935092 0 88380 4036006 4036006 2526020 1350105 1032937 142978 9703603 7747274 1590280 366049 499299 416011 73911 9377 1551723 1242210 269916 39597 860326 627716 203766 28844 51885 51885 89264 89264 443004 176744 261483 4777 155833 148800 7033 464012 420092 31017 12903 65651 65651 1646759 1523252 82338 41169 354299 336056 12717 5526 1445798 1337363 72290 36145 214464 198692 10515 5257 SUPPLIES AND SERVICES 1703944 1631653 59602 12689 REPAIRS AND MAINTENANCE 1228363 1114084 78668 35611 OTHER EXPENSE 731481 280872 409529 41080 27771734 22652581 4337151 782002 258860 1110757 6673284 8425325 3553186 1378993 7546455 9432736 217799 224873 52089582 14959659 26780426 37129923 18357036 17634399 63387046 75337006 3358037 2882476 15841251 19024146 9833052 16573766 483254 3932826 19715537 19233860 49231131 61647074 X 7063247 6078321 7092668 7611611 14155915 13689932 63387046 75337006 -461605 -4378 0 X 0 1 X 1 0 X 3207035 5827099 3971199 5733294 6286657 25025284 3207035 5827099 3971199 5733294 6286657 25025284 10999746 14025538 77964 141863 106676 193037 215088 734628 25759912 83051547 0.54450 0.61650 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4923548 869022 247910 6040480 4216113 424339 283096 4923548 3574861 452352 188900 4216113 3613059 436900 -475098 3574861 3033726 207100 372233 3613059 0.36884 0.46602 0.16514 0 0 742647 742647 28496336 9595875 18900461 3520421 2555606 964815 19330178 2808178 16522000 37129923 DEPOSITS 11800 OTHER ASSETS 235925 RIGHT-OF-USE ASSETS 17386674 17634399 OPERATING LEASE LIABILITY 19233860 19233860 X 22734620 -4378 -4571131 -4575509 27310129 0 27310129 23200603 0 23200603 4571131 4571131 27771734 PART V, LINE 4: THE SCHOOL'S ENDOWMENT IS USED TO SUPPORT ANNUAL UNRESTRICTED OPERATIONS, TUITION ASSISTANCE AND THE OPERATIONS OF THE SCOTT CENTER FOR ENTREPRENEURSHIP. PART X, LINE 2: THE SCHOOL IS A QUALIFIED ORGANIZATION 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 HAS EVALUATED ITS CURRENT TAX POSITIONS AND HAS CONCLUDED THAT AS OF JUNE 30, 2025 AND 2024, THE SCHOOL DOES NOT HAVE ANY SIGNIFICANT UNCERTAIN TAX POSITIONS FOR WHICH A RESERVE WOULD BE NECESSARY. PART XI, LINE 2D - OTHER ADJUSTMENTS: TUITION ASSISTANCE -4,571,131. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE 4,571,131. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 HILLBROOK SCHOOL'S RACIALLY NONDISCRIMINATORY POLICY IS AVAILABLE AT ALL TIMES ON THE SCHOOL WEBSITE'S HOME PAGE. BENEFIT (AUCTION) 382926 323860 59066 57305 100595 11894 35301 CONVERSATIONS FOR GOOD 76610 54961 21649 6536 14624 8947 1552 1 7227 7227 2312 15813 16145 410 466763 386048 80715 66153 131032 36986 37263 271434 -190719 1 FINANCIAL AID 163 0 4036006 FMV DIRECT CREDIT TO STUDENT ACCOUNT PART I, LINE 2: FINANCIAL AID AT HILLBROOK IS BASED ENTIRELY ON NEED, DEFINED AS THE DIFFERENCE BETWEEN A FAMILY'S RESOURCES AND A CHILD'S EDUCATIONAL EXPENSES. QUALIFICATION IS DETERMINED BY THE SCHOOL AND STUDENT SERVICE FOR FINANCIAL AID (SSS), A SERVICE OF THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS (NAIS), USED BY MORE THAN 2,400 K-12 SCHOOLS ACROSS THE COUNTRY. GRANTS ARE APPLIED TO THE STUDENT'S ACCOUNT, REDUCING THE AMOUNT DUE FOR TUITION. X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 MARK SILVER HEAD OF SCHOOL 506604 0 0 0 126327 0 104650 0 9889 0 747470 0 50000 0 MARGARET RANDAZZO CFO & COO 301381 0 0 0 85100 0 57282 0 9771 0 453534 0 75000 0 COLLEEN SCHILLY ASSOCIATE HEAD OF SCHOOL 236685 0 0 0 2580 0 14786 0 8977 0 263028 0 0 0 MICHAEL PELLER HEAD OF UPPER SCHOOL 211936 0 0 0 2766 0 11190 0 8084 0 233976 0 0 0 GULLIVER LAVALLE HEAD OF MIDDLE SCHOOL & DEI DIR. 206166 0 0 0 2465 0 11376 0 1193 0 221200 0 0 0 MARY MAKELA DIRECTOR, SCOTT CENTER FOR ENTREP. 188652 0 0 0 2179 0 11571 0 7123 0 209525 0 0 0 ILSA DOHMEN CHIEF ACADEMIC OFFICER 177959 0 0 0 4535 0 13056 0 7843 0 203393 0 0 0 HEATHER STINNETT HEAD OF LOWER SCHOOL 171206 0 0 0 2169 0 9685 0 7838 0 190898 0 0 0 TIMOTHY DOWNES DIRECTOR OF US & MS ATHLETICS 160252 0 0 0 829 0 8374 0 9180 0 178635 0 0 0 CHARLOTTE BURKLY DIRECTOR OF COLLEGE COUNSELING 158560 0 0 0 592 0 9059 0 9643 0 177854 0 0 0 ROZANNE SCHIRO DIRECTOR OF HUMAN RESOURCES 149897 0 3000 0 2632 0 9439 0 9177 0 174145 0 0 0 WILLIAM SELAK DIRECTOR OF TECHNOLOGY 136380 0 0 0 2043 0 10536 0 9731 0 158690 0 0 0 KIMBERLY YARNALL CHIEF INST. ADVANCEMENT OFFICER 141393 0 0 0 1515 0 7310 0 7408 0 157626 0 0 0 PART I, LINE 1A MARK SILVER IS REQUIRED TO LIVE IN THE HOME FOR THE HEAD OF SCHOOL OWNED BY HILLBROOK SCHOOL PURSUANT TO HIS EMPLOYMENT AGREEMENT. THE 2024 HOUSING BENEFIT OF $40,000 IS TAXABLE AND IS REFLECTED ON HIS W-2. DISCRETIONARY SPENDING IS AVAILABLE BUT NO AMOUNTS WERE EXPENDED IN FISCAL YEAR 2024-25. IF INCURRED, IT WOULD BE APPROVED BY THE BOARD OF TRUSTEES CHAIR. PART I, LINE 4B THE SCHOOL MAINTAINS A SECTION 457(F) PLAN FOR THE HEAD OF SCHOOL (HOS) AND THE CHIEF FINANCIAL OFFICER (CFO). DURING THE 2024 CALENDAR YEAR, $61,335 (PRIOR YEARS' ACCRUED DEFERRED COMPENSATION OF $50,000 PLUS INVESTMENT GAINS) WAS DISTRIBUTED TO MARK SILVER (HOS), AND $83,700 (PRIOR YEARS' ACCRUED DEFERRED COMPENSATION OF $75,000 PLUS INVESTMENT GAINS) WAS DISTRIBUTED TO MARGARET RANDAZZO (CFO) UNDER THE 457(F) PLAN. THESE DISTRIBUTIONS HAVE BEEN REPORTED ON SCHEDULE J, PART II, COLUMN B(III), AND INCLUDED IN THE INDIVIDUALS' FORMS W-2. THE PRIOR YEARS' ACCRUED DEFERRED COMPENSATION AMOUNTS HAVE BEEN REPORTED ON SCHEDULE J, PART II, COLUMN (F). A CALIFORNIA MUNICIPAL FINANCE AUTHORITY 201563466 NONEAVAIL 2022-09-29 17500000 FINANCE CONSTRUCTION COSTS AND PRIOR TAXABLE BOND 0 0 0 A 17500000 334665 15137425 2027910 2025 0 1 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 1 A 0 128625 FINANCIAL ASSISTANCE SCHOLARSHIP MARY HAMMERS SPOUSE OF TRUSTEE, CHUCK HAMMERS 32664 EMPLOYEE COMPENSATION 0 X 21 115317 PUBLICLY TRADED EXCHANGE X CISCO CATALYST 91661 AP W/MERAKI EQUIPMENT 1 7522 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): THE NUMBER REFLECTS THE NUMBER OF CONTRIBUTORS, NOT THE NUMBER OF ITEMS CONTRIBUTED. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE MEMBERS (WHICH INCLUDES THE AUDIT COMMITTEE CHAIR) REVIEW AND APPROVE THE COMPLETED FORM 990. THE CHAIR OF THE FINANCE COMMITTEE EMAILS ALL OTHER CURRENT TRUSTEES STATING THAT THE COMPLETED FORM 990 IS AVAILABLE FOR REVIEW ON THE SECURE BOARD OF TRUSTEES WEBSITE PORTAL. SCHEDULE B IS REDACTED FROM THE FORM 990 DURING REVIEW. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, THE PRESIDENT OF THE BOARD OR HIS NOMINEE SHALL SUBMIT TO EACH TRUSTEE A CONFLICT OF INTEREST DISCLOSURE STATEMENT DESIGNED TO DISCLOSE ANY POTENTIAL CONFLICT OF INTEREST WHICH A TRUSTEE MAY HAVE IN THE PERFORMANCE OF HIS OR HER DUTIES TO THE SCHOOL. ADDITIONALLY, ALL TRUSTEES OR MEMBERS OF COMMITTEES OF THE BOARD SHALL HAVE THE AFFIRMATIVE DUTY TO ADVISE THE BOARD OR ANY COMMITTEE IN SESSION, OF ANY POSSIBLE CONFLICT OF INTEREST REGARDING A PARTICULAR SUBJECT BEFORE DEBATE THEREOF AND ABSTAIN FROM VOTING ON THAT SUBJECT. THE PARTICULARS OF SUCH RESPONSE SHALL BE RECORDED AS PART OF THE MINUTES. FAILURE TO EXECUTE THE CONFLICT OF INTEREST DISCLOSURE STATEMENT WITHIN 30 DAYS OF RECEIPT, THEREOF, SHALL BE CAUSE FOR REMOVAL FROM THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 THE HEAD OF SCHOOL'S COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD'S COMPENSATION COMMITTEE USING COMPARABILITY DATA. THIS PROCESS IS DOCUMENTED IN THE BOARD'S MINUTES. THE CFO'S COMPENSATION IS REVIEWED AND APPROVED BY THE HEAD OF SCHOOL USING THE SAME PROCESS AS DESCRIBED ABOVE. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES THESE DOCUMENTS AVAILABLE UPON REQUEST.