2026-05-13T06:12:28-07:00 2025-06-30 990 2024-07-01 951642398 The Thacher School Inc THAC 8056403200 5025 Thacher Road Ojai CA 93023 Jeff Hooper Head of School 2026-05-13 true 2024 2025-03-06 01:10:19Z Jeff Hooper 5025 Thacher Road Ojai CA 93023 61082443 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. 25 24 231 150 274635 27194 16042363 25015573 18758210 19876343 4347231 15951876 124907 -69988 39272711 60773804 4667023 5297530 0 15995188 17152858 0 3776663 20032789 36913959 40695000 59364347 -1422289 1409457 306622266 318841293 23618794 31053087 283003472 287788206 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 28648167 5297530 19869143 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. The Thacher School recently unveiled a newly transformed Observatory and with the expertise of staff will facilitate educational pathways in astronomy, computer science, robotics and engineering. 189570 7200 Sierra Wilderness Program: Golden Trout Camp is an integral part of the wilderness and leadership training at Thacher. The program provides educational experience in health, wellness and wilderness training for disadvantaged youth during the summer months. Additionally, GTC 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. 28837737 true true false false false false false false false true true true false false false true false true true false true false false false false false false false true true true false false false false false false false false false false true false false false true true false false false true 136 0 true 231 true true true false false false false false false 0 false false false false false false false X 25 24 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 8056403200 5025 Thacher Road Ojai CA 93023 Jeff Hooper HOS 60.00 0.00 X 476723 0 155418 Jeff Berndt Director of Advancement 40.00 0.00 436330 0 144088 Jim Poulsen DFO/Assist Trea 60.00 0.00 X 326851 0 80023 Sara Billings Dir of Develop 40.00 0.00 237615 0 154442 Bill McMahon Director of Admissions 40.00 0.00 247547 0 74668 Justin Arnold Dir People Oper 40.00 0.00 277355 0 31454 William Bennett Dir of Facilities 40.00 0.00 235205 0 67449 Tracy Miller Assist HOS 40.00 0.00 202136 0 75285 Carly Rodriquez Dir Communications 40.00 0.00 170608 0 88392 Daniel Sonenshine Board Chair 10.00 0.00 X X 0 0 0 Laura James Vice Chair 10.00 0.00 X X 0 0 0 Awele Okigbo Vice Chair 10.00 0.00 X X 0 0 0 Catalina Saenz Secretary 10.00 0.00 X X 0 0 0 Blake Grayson Treasurer 2.00 0.00 X X 0 0 0 David Brailer Trustee 2.00 0.00 X 0 0 0 Scott Brittingham Trustee 2.00 0.00 X 0 0 0 Nina de Clercq Trustee 2.00 0.00 X 0 0 0 Jose Estrada Trustee 2.00 0.00 X 0 0 0 Jenn Gudebski Trustee 2.00 0.00 X 0 0 0 Brisha Howe Trustee 2.00 0.00 X 0 0 0 Whitney Livermore Trustee 2.00 0.00 X 0 0 0 Peter Munzig Trustee 2.00 0.00 X 0 0 0 Anna Ortiz-Morfit Trustee 2.00 0.00 X 0 0 0 Cathy Parkes Parent Chair 2.00 0.00 X 0 0 0 Scott Parkes Parent Chair 2.00 0.00 X 0 0 0 Max Reniers Trustee 2.00 0.00 X 0 0 0 Janie Richardson Trustee 2.00 0.00 X 0 0 0 Mark Robinson Trustee 2.00 0.00 X 0 0 0 Brian Smallwood Trustee 2.00 0.00 X 0 0 0 Meriem Soliman Trustee 2.00 0.00 X 0 0 0 Dermond Thomas Trustee 2.00 0.00 X 0 0 0 Alex van Helden Trustee 2.00 0.00 X 0 0 0 Stefanie Warren Trustee 2.00 0.00 X 0 0 0 Nat Zilkha Trustee 2.00 0.00 X 0 0 0 2610370 871219 34 false true false Bon Appetit PO Box 50196 Los Angeles CA 90074 Food Service 2444230 Munger Tolles & Olson LLP PO Box 847424 Los Angels CA 90084 Professional services 1024033 Weintraub Tobin 400 Capital Mall 11th Flr Sacramento CA 95814 Professional services 924694 Palmaro Builders 110 San Miguel Dt Camarillo CA 93010 Contractor 461831 Nye Sterling Hale & Miller 33 West Mission Santa Barbara CA 93101 Legal Services 367302 20 25015573 1255534 25015573 Tuition & fees 611600 19876343 19876343 19876343 15951876 274635 15677241 0 0 138015 256941 -118926 -118926 -118926 0 0 0 91309 51698 39611 39611 Rebates 611710 9327 9327 9327 60773804 19876343 274635 15607253 X 0 5297530 5297530 0 0 2345410 682762 873798 788850 0 10649804 7059363 2179756 1410685 1199946 715631 286459 197856 2048395 1263386 448817 336192 909303 568449 207449 133405 0 1968217 1968217 72451 72451 0 0 803940 803940 1325526 501332 623306 200888 282891 30027 126977 125887 1399432 1039819 261315 98298 665504 461286 154162 50056 0 2088103 2044700 28306 15097 977477 639030 66399 272048 0 184629 69332 25868 89429 611852 611852 0 4678520 4569744 70880 37896 2190573 230502 1939995 20076 Settlement payments 16000000 16000000 Food service 2158166 2158166 Horse and outdoor program 1060074 1060074 Other operating expenses 446604 446604 0 59364347 28837737 26749947 3776663 3599841 8155909 4272789 3043821 4033666 3896109 449173 189815 0 0 0 33244 47919 1769381 1716847 172375348 61203546 110958389 111171802 0 180837086 190336105 0 294757 282966 373940 0 306622266 318841293 2474344 10583272 976047 769175 20168403 19700640 23618794 31053087 X 126854272 115093040 156149200 172695166 283003472 287788206 306622266 318841293 1409457 3375277 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 180837086 10747936 17648186 18035757 861324 190336127 173937110 3632816 14282499 10490017 525322 180837086 178095617 4979877 5681141 14029643 789882 173937110 210885450 3440609 -19834264 15217172 1179006 178095617 168024195 7486087 49299172 12864867 1059137 210885450 0.18000 0.71000 0.11000 true false false 930000 5973478 6903478 3569502 128423063 46428589 85563976 1507171 22690589 10196090 14001670 3678891 2370501 1308390 5602654 2208366 3394288 111171802 190336105 X 58070633 3375277 51698 3426975 54643658 803940 5326206 6130146 60773804 53314575 51698 51698 53262877 803940 5297530 6101470 59364347 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 The School is a qualified organization exempt from federal income and California franchise taxes under Sections 501(c)(3) of the Internal Revenue Code and 23701(d) of the California Revenue and Taxation Code, respectively, except on net income derived from unrelated business activities. The School uses the same accounting methods for tax and financial reporting.The Fund is taxed as a partnership for federal tax purposes. Accordingly, all profits and losses of the Fund are recognized by each member on their respective tax returns.The preparation of consolidated financial statements in conformity with U.S. GAAP requires the School to report information regarding its exposure to various tax positions taken. The School has evaluated its current tax positions and has concluded that as of June 30, 2024 and 2023, the School does not have any significant uncertain tax positions for which a reserve would be necessary. Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 Student store cost of goods sold $51698 Part XI, Line 4b: Other revenue amounts included on 990 but not included in F/S Financial aid $5297530 Reclassified other income $28676 Part XII, Line 2d: Other expenses and losses per audited F/S Student store cost of goods sold $51698 Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S Financial aid $5297530 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 the non-discrimination policy on its website. 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 52167098 52167098 52167098 true false false true 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 Valuations fluctuate based on realized and unrealized gains and losses. true 0 0 Financial aid grants 75 5297530 Fair market value 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 X false false false false false false false false false Bill McMahon Director of Admissions 247547 24568 50100 322215 Carly Rodriquez Dir Communications 170608 16656 71736 259000 Jeff Berndt Director of Advancement 436330 84694 59394 580418 Jeff Hooper HOS 476723 33075 122343 632141 Jim Poulsen DFO/Assist Trea 326851 32480 47543 406874 Justin Arnold Dir People Oper 277355 19970 11484 308809 Sara Billings Dir of Develop 237615 22238 132204 392057 Tracy Miller Assist HOS 202136 18968 56317 277421 William Bennett Dir of Facilities 235205 17446 50003 302654 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 B California Enterprise Dev 352273601 13067RBP7 2019-09-01 21701357 Refunding 2010 Issue false false false A 35515000 31701357 562315 false false true true B 21701357 350714 true false true true A false false false false false false false false true B false false false false false false false false false true A false false false true false false false false B true false false true false false false false A true B true Part VI Arbitrage rebate computations encompass the bond and investment activity from the closing date, January 4, 2010, through September 1, 2019, the final computation date. Based on computations, no rebate liability exists and reporting to the IRS is not required.In June 2019, refunding escrow was opened with $10,000,000 from a School equity contribution and the issue price of $21,701,357 from refunding proceeds. The Refunding Revenue Bonds, Series 2019 issued on September 1, 2019 have a stated redemption price at maturity of $19,690,000 Kara Hooper Spouse of HOS 40600 Hospitality coordinator false Schedule L, Part V Supplemental Information Faculty and administrator spouses are hired in the normal course of business.Interested persons are not involved in setting or approving their salaries. The Board's personnel committee is involved in setting compensation ranges and in determining specific activities during the school year. This specific position runs and manages open house every weekend for students and hosts trustee gatherings on campus. X 24 1100534 FMV X Horse 1 80000 Appraisal X Horse 1 75000 Appraisal false false false Form 990, Part VI, Section A, Line 2 Parent Association Chairs are voting members of the Board of Trustees related by marriage. Parent Association Chairs are trustees Cathy & Scott Parkes. Form 990, Part VI, Section B, Line 11b The Form 990 is prepared internally and reviewed by the Director of Finance. An outside consultant prepares a top-level review. A presentation of the review comments and/or 990 is made available to the audit committee. The full Form 990, except for Schedule B, is reviewed by the audit committee prior to being presented to the full board of trustees through a secure website. Form 990, Part VI, Section B, Line 12c Conflict of interest disclosure forms are signed by trustees annually. Identified conflicts 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, Section B, Line 15a The Board of Directors has a process for reviewing and approving the compensation of the Head of School/CEO and Director of Finance and Operations/Asst. Treasurer on a regular basis to determine it is fair and reasonable with the goal of retaining employees at compensation levels within appropriate market range. When the compensation was set at the beginning of the fiscal year, the board relied on a compensation study conducted by an independent compensation consultant and other salary benchmark data. Such compensation studies are performed every two to three years. The results of the study were presented to the full board and the board voted on the compensation packages offered to the employees. Additionally, the board approved the compensation ranges for all other key employees; and any subsequent suggested changes to the approved ranges are specifically reviewed and approved by the board prior to implementation. The organizations board of directors contemporaneously documented its deliberations and decisions regarding the compensation arrangements, including who was present, how they voted, a description of the comparability data and how it was obtained. Form 990, Part VI, Section B, Line 15b The Board of Directors 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 administrator compensation. Salaries are compared to a peer group of schools who provide statistics through membership with NAIS. The full board votes and determines the level of compensation. Form 990, Part VI, Section C, Line 19 Financial statements, conflict of interest policy or governing documents are available to the public upon request. Form 990, Part IX Line 24a During the tax year ending 6/30/2025, the school paid $16 million to resolve multiple claims for historical sexual abuse that allegedly took place in the 1980s and 1990s. The settlements followed extensive investigation and litigation and were approved by the Board of Directors after consulting with counsel. The school has reserved its rights to pursue various insurance carriers for reimbursement of the settlement amounts paid. Form 990, Section VIII, Line 6a - Gross rents The Thacher School received a non-cash gift of rental real estate in the Spring of 2020. Title to the non-debt financed rental real estate was completed in late July. The rent rolls were transferred to the school starting in July, though there were rental expenses incurred in transferring utilities and miscellaneous maintenance in June 2020. 4205 Cottages LLC 5025 Thacher Road Ojai CA 93023 951642398 Rental Real Estate CA 138019 6006674 The Thacher School The Thacher School Endowment LP 5025 Thacher Road Ojai CA 91360 300847978 Endowment Investment holdings DE 9264434 86591974 The Thacher School The Thacher School Endowment LP 5025 Thacher Road Ojai CA 93023 300847978 Investment DE The Thacher School false false 1.00000 false false false false false false false false false false false false false false false false false false false The Thacher School Endowment LP The Thacher School formed a fund of one investment partnership and transferred all endowment funds to a Delaware Limited Liability Company. Global Endowment Management, LP (GEM) is the outsourced investment manager and transacts business on behalf of the School.The Thacher School Endowment LP was converted to a single member limited liability company during the tax year with The Thacher School remaining as the sole limited liability member.The SMLLC investments are being liquidated and transferred into new investments managed by an outside investment officer. The transition is anticipated to take several years from the initial request.The investment activity is now reported on Part I of Schedule R.