2024-04-30T12:02:51-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 1925 CENTURY PARK E 16TH FLOOR LOS ANGELES CA 90067 990 2022-07-01 330729698 SAGE HILL SCHOOL SAGE 9492191310 20402 NEWPORT COAST DRIVE NEWPORT COAST CA 92657 JILL LIVERMORE CFO 9492191312 2024-04-24 1 JILL LIVERMORE 999009999 1 KAREN LO P02141262 3102732501 2024-04-24 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z PATRICIA MERZ 20402 NEWPORT COAST DRIVE NEWPORT COAST CA 92657 43121144 0 X WWW.SAGEHILLSCHOOL.ORG X 1996 CA A PRIVATE COED HIGH SCHOOL THAT INSPIRES IN THEIR STUDENTS A LOVE OF KNOWLEDGE. 17 17 195 300 0 0 2323406 1667615 24880647 27798615 6694834 257832 -129977 1383 33768910 29725445 2247596 2564534 0 0 14426834 16885369 0 0 1271273 10232390 10290512 26906820 29740415 6862090 -14970 122602279 128076766 33837402 35598001 88764877 92478765 X WE INSPIRE IN OUR STUDENTS A LOVE OF KNOWLEDGE AND THE ABILITY TO USE THAT KNOWLEDGE CREATIVELY, COMPASSIONATELY AND COURAGEOUSLY THROUGHOUT THEIR LIVES.SAGE HILL SCHOOL'S COMMITMENT TO ACADEMIC EXCELLENCE, OUR OUTSTANDING COLLEGE PREPARATION HAVE PROVIDED A TRANSFORMATIVE EXPERIENCE FOR OUR STUDENTS. ACADEMIC EXCELLENCE - SAGE HILL OFFERS A RIGOROUS, COMPREHENSIVE CURRICULUM THAT CHALLENGES AND INSPIRES STUDENTS TO TAKE RISKS, THINK CRITICALLY, AND USE WHAT THEY LEARN IN CLASS IN THE WORLD BEYOND OUR CAMPUS. OUR WORLD-CLASS EDUCATORS TEACH CLASSES THAT AVERAGE SIXTEEN STUDENTS AND FOSTER CURIOSITY, DISCOVERY, AND A PASSION FOR LEARNING. 0 0 23239073 2564534 27798615 SAGE HILL SCHOOL IS AN INDEPENDENT HIGH SCHOOL LOCATED ON 30 ACRES IN NEWPORT COAST, CA. FOUNDED IN 2000, THE SCHOOL PROVIDES MORE THAN 550 STUDENTS WITH SMALL CLASS SIZES THAT AVERAGE 16 STUDENTS PER TEACHER, OUTSTANDING ACADEMIC CURRICULA AND A DEDICATED TEAM OF COLLEGE COUNSELORS. THE SCHOOL OFFERS ITS STUDENTS A RICH AND DYNAMIC CURRICULUM THAT PROMOTES CRITICAL THINKING, COLLABORATION, AND CREATIVITY. OUTSIDE THE CLASSROOM, STUDENTS ARE ENCOURAGED TO PARTICIPATE IN ATHLETICS, EXPLORE THEIR ARTISTIC ABILITIES, AND ENGAGE IN THE WORLD BEYOND THE CAMPUS THROUGH SERVICE TO THE COMMUNITY, INTERNSHIPS AND EDUCATIONAL TRAVEL. 23239073 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 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 83 0 195 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 17 17 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X JILL LIVERMORE 9492190100 20402 NEWPORT COAST DRIVE NEWPORT COAST CA 92657 MIKE BOLEN BOARD CHAIR 40.00 X X 0 0 0 RICHARD LEE SECRETARY 1.00 X X 0 0 0 RICK LOWE VICE CHAIR 1.00 X X 0 0 0 SUDESH MARIAPPA TREASURER 1.00 X X 0 0 0 PRIYAN CHANDRARATNA TRUSTEE 1.00 X 0 0 0 DOUG COLLIER TRUSTEE 1.00 X 0 0 0 CHRISTOPHER CUFF TRUSTEE 1.00 X 0 0 0 DAVID FISHMAN TRUSTEE 1.00 X 0 0 0 SANDY IRANI TRUSTEE 1.00 X 0 0 0 MARK MURRAY TRUSTEE 1.00 X 0 0 0 TOM ORRADRE TRUSTEE 1.00 X 0 0 0 COLLEN RIVERS TRUSTEE 1.00 X 0 0 0 KIM STOBART TRUSTEE 1.00 X 0 0 0 SCOTT WEINER TRUSTEE 1.00 X 0 0 0 KATHY WILK TRUSTEE 1.00 X 0 0 0 VAN WILSON TRUSTEE 1.00 X 0 0 0 ALICE XU TRUSTEE 1.00 X 0 0 0 MOHIT MITTAL TRUSTEE 1.00 X 0 0 0 PATRICIA MERZ HEAD OF SCHOOL 40.00 X 659555 0 177369 JILL LIVERMORE CHIEF FINANCIAL OFFICER 40.00 X 295936 0 23734 MATTHEW BALOSSI ASSISTANT HEAD OF SCHOOL 40.00 X 205565 0 87860 SANAN SHIRINIAN SAGE CENTER DIRECTOR 40.00 X 184900 0 18216 PETER JORDAN DIRECTOR OF ADMISSIONS 40.00 X 181704 0 41319 BRIAN MCMAHON FACULTY 40.00 X 159435 0 14955 GEORGE F SMITH DIRECTOR OF COLLEGE COUNSELING 40.00 X 155701 0 22316 1842796 0 385769 45 0 1 0 WORLDSTRIDES 218 W WATER STREET STE 400 CHARLOTTESVILLE VA 22902 EDUCATIONAL TRAVEL PROGRAMS 970831 HARBOR BUILDING MAINTENANCE INC 5011 ARGOSY AVE STE 11 HUNTINGTON BEACH CA 92649 CUSTODIAL SERVICES 427804 GEARSHIFT INC 930 W 16TH STREET STE E2 COSTA MESA CA 92627 MARKETING SERVICES 330763 SEQUOIA ENVIRONMENTAL SERVICES INC 1 UNIVERSITY DRIVE ALISO VIEJO CA 92650 GROUNDS MAINTENANCE 255696 CERTIFIED TRANSPORTATION SERVICES INC 1038 NORTH CLUSTER STREET SANTA ANA CA 92701 TRANSPORTATION SERVICES 255593 12 292427 1375188 51299 1667615 TUITION AND FEES 611710 26699999 26699999 SUMMER AND ENRICHMENT PROGRAMS 611710 854255 854255 FORFEITED TUITION & DEPOSITS 611710 209161 209161 APPLICATION FEES 611710 35200 35200 27798615 900727 900727 12512607 13155502 -642895 -642895 -642895 94565 292427 240197 -145632 -145632 OTHER INCOME 900099 80140 80140 PARENT ASSOCIATION ACTIVITIES 900099 66875 66875 147015 29725445 27798615 0 259215 2564534 2564534 1295932 381966 722983 190983 12406870 9958648 1826366 621856 731974 622816 77713 31445 1486547 1273149 182958 30440 964046 575490 383175 5381 135553 135553 66283 66283 56405 56405 57436 14356 43080 548997 548997 418842 152888 144111 121843 363705 339942 21696 2067 623825 587243 33011 3571 94856 28932 61851 4073 359915 338810 19045 2060 2822576 2657057 149361 16158 355163 301931 51738 1494 FACILITIES 1357171 1279840 69782 7549 SUMMER & ENRICHMENT CLA 520773 520773 ATHLETICS 485501 485501 ACADEMIC SUPPORT 429029 429029 1594482 726168 635961 232353 29740415 23239073 5230069 1271273 226629 86667 25393193 29285624 426161 298729 5686 7213 331976 297355 102906826 35438391 69437520 67468435 26012674 29631314 3747 3743 764693 997686 122602279 128076766 2410881 2950999 14477965 16524975 16948556 16122027 33837402 35598001 X 76611662 79050198 12153215 13428567 88764877 92478765 122602279 128076766 -14970 3728858 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 26016421 216171 3402465 29635057 29023353 277806 -3284738 26016421 23091406 587390 5344557 29023353 21055513 305875 1760018 30000 23091406 19748190 536119 1249510 478306 21055513 0.57500 0.27200 0.15300 0 0 20128606 20128606 74072194 29450885 44621309 8475384 5835706 2639678 230642 151800 78842 67468435 X 30312591 3728858 -3085307 643551 29669040 56405 56405 29725445 26598703 0 26598703 56405 3085307 3141712 29740415 PART V, LINE 4: THE INTENDED USE OF ENDOWMENT FUNDS ARE FOR FINANCIAL AID AND OPERATIONS. PART X, LINE 2: THE SCHOOL HAS BEEN GRANTED EXEMPTION FROM INCOME TAX UNDER SECTIONS 501(C)(3) OF THE INTERNAL REVENUE CODE AND 23701(D) OF THE CALIFORNIA REVENUE AND TAXATION 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 THE SCHOOL ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID -2,564,534. SUMMER & ENRICHMENT CLASSES -520,773. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 2,564,534. SUMMER & ENRICHMENT CLASSES 520,773. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL HAS POSTED THE NOTICE ON A PROMINENT SPOT ON IT'S MAIN WEBSITE. SPRING EVENT 386992 292427 94565 240197 0 386992 292427 94565 240197 240197 -145632 1 FINANCIAL AID 63 2564534 FINANCIAL AID AWARDED TO ELIGIBLE STUDENTS. PART I, LINE 2: ON A NON-DISCRIMINATORY BASIS, THE FINANCIAL AID COMMITTEE DETERMINES THE ALLOCATION OF THE AWARD BASED ON NEED, UTILIZING DATA FROM A THIRD-PARTY FINANCIAL AID SERVICE. THE LIST OF STUDENTS RECEIVING FINANCIAL AID IS GIVEN TO THE BUSINESS OFFICE WHERE THE TUITION BILLING IS PROCESSED. 1 X X X X 0 1 0 0 0 0 0 1 0 PATRICIA MERZ HEAD OF SCHOOL 526551 0 130000 0 3004 0 171957 0 5412 0 836924 0 0 0 JILL LIVERMORE CHIEF FINANCIAL OFFICER 293851 0 0 0 2085 0 17961 0 5773 0 319670 0 0 0 MATTHEW BALOSSI ASSISTANT HEAD OF SCHOOL 203854 0 0 0 1711 0 13562 0 74298 0 293425 0 0 0 PETER JORDAN DIRECTOR OF ADMISSIONS 180052 0 0 0 1652 0 11787 0 29532 0 223023 0 0 0 SANAN SHIRINIAN SAGE CENTER DIRECTOR 183981 0 0 0 919 0 11166 0 7050 0 203116 0 0 0 GEORGE F SMITH DIRECTOR OF COLLEGE COUNSELING 151226 0 0 0 4475 0 9438 0 12878 0 178017 0 0 0 BRIAN MCMAHON FACULTY 145497 0 0 0 13938 0 9166 0 5789 0 174390 0 0 0 PART I, LINE 4B THE SCHOOL MADE CONTRIBUTIONS TO THE 457(F) PLANS OF PATRICIA MERZ, $171,957. PART I, LINE 7 BONUS PAID TO: PATRICIA MERZ $130,000. SCHEDULE J, PART II, COLUMN (B) FOR CLARIFICATION, THE SCHEDULE J COLUMN B AMOUNTS REFLECT W-2 WAGES FOR THE 2022 CALENDAR YEAR. SCHEDULE J, PART II, COLUMN (D) INCLUDED IN NONTAXABLE BENEFITS ARE: HEALTH INSURANCE PREMIUMS, TUITION REMISSION AND CAFETERIA PLANS. A CALIFORNIA ENTERPRISE DEVELOPMENT AUTHORITY 352273601 2020-12-08 18200000 TO REFINANACE BONDS ISSUED IN 2010. 0 0 0 A 18200000 225358 2020 0 1 1 1 A 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 A 0 BOARD MEMBER 38330 FINANCIAL AID X 3 51299 FAIR MARKET VALUE 0 0 1 1 PART I, LINE 32B: ALL STOCK GIFTS DONATED TO THE SCHOOL ARE SENT DIRECTLY TO THE BANK. THE SCHOOL SELLS STOCK AS SOON AS PRACTICAL UPON RECEIPT. PART I COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS RECEIVED DURING THE FISCAL YEAR 2023. SCHEDULE M, PART I, COLUMN (B): THE NUMBER OF CONTRIBUTORS REPRESENT THE NUMBER OF NON-CASH TRANSACTIONS. FORM 990, PART VI, SECTION A, LINE 2 RICK LOWE'S FINANCIAL ADVISORY FIRM HAS BUSINESS RELATIONSHIPS WITH SERVERAL BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING, A DRAFT OF THE 990, WITHOUT SCHEDULE B, IS REVIEWED WITH THE MEMBERS OF THE AUDIT COMMITTEE. A DRAFT OF THE FORM 990, WITHOUT SCHEDULE B, IS ALSO CIRCULATED TO ALL TRUSTEES FOR THEIR REVIEW PRIOR TO FILING. IN ADDITION, AND ALSO PRIOR TO FILING, THE CHAIR AND VICE CHAIR OF THE BOARD IS GIVEN A COMPLETE COPY OF THE FORM 990 TO REVIEW, INCLUDING SCHEDULE B. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, EACH BOARD MEMBER AND KEY EMPLOYEES SIGN THE CONFLICT OF INTEREST POLICY AGREEING THAT THEY HAVE RECEIVED AND UNDERSTAND THE POLICY. THEY ALSO SIGN THE SUPPLEMENT TO THE CONFLICT OF INTEREST POLICY THAT ADDRESSES AND DISCLOSES ISSUES OF RELATED PARTY TRANSACTIONS. THIS IS NORMALLY DOCUMENTED AT THE FIRST BOARD MEETING OF THE YEAR. FORM 990, PART VI, SECTION B, LINE 15 THE SCHOOL HAS A COMPENSATION COMMITTEE COMPOSED OF TRUSTEES AND EMERITI. THE COMPENSATION COMMITTEE MEETS AS NEEDED TO DISCUSS AND APPROVE THE COMPENSATION PACKAGE OF THE HEAD OF SCHOOL. OTHER SCHOOL OFFICERS AND KEY EMPLOYEES COMPENSATION IS REVIEWED BY THE COMPENSATION COMMITTEE BUT THE HEAD OF SCHOOL APPROVES THEIR COMPENSATION PACKAGES. COMPARABILITY DATA FROM THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOL'S DATABASE IS CIRCULATED TO THE COMMITTEE PRIOR TO THE REVIEW MEETING AND IS DISCUSSED AT THE MEETING. COMPARATIVE DATA GROUPS INCLUDE SIMILAR TYPE SCHOOLS ( I.E., INDEPENDENT, NON-PROFIT, COED, DAY ONLY) AND SCHOOLS WITH SIMILAR NUMBERS OF STUDENTS AND OPERATING EXPENSES. MINUTES OF THE MEETING ARE KEPT IN THE BUSINESS OFFICE. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C THE SCHOOL HAS AN AUDIT COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND TAX RETURNS. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR.