Civic Intelligence

The Riviera Ridge School

990 • Fiscal year 2021 • EIN 23-7154063

Jul 01, 2020 to Jun 30, 2021 • Filed on Mar 09, 2022

2130 Mission Ridge RoadSanta Barbra, CA 93103

(805) 569-1811

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

63rd percentile

0.31x

Higher debt load relative to assets than 63% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

70th percentile

0.52x

Higher debt load relative to revenue than 70% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

13th percentile

-7.7%

Higher net margin than 13% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

79th percentile

$291,631

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 4.3% of source-year revenue.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

25th percentile

0.9%

Faster asset growth than 25% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

18th percentile

-9.1%

Faster revenue growth than 18% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Assets

Up

$11,249,206

Up $95,514 (+0.9%) from 2020

Net Assets

Down

$7,787,949

Down $235,830 (-2.9%) from 2020

Liabilities

Up

$3,461,257

Up $331,344 (+11%) from 2020

Revenue

Down

$6,711,886

Down $670,489 (-9.1%) from 2020

Expenses

Up

$7,231,712

Up $113,949 (+1.6%) from 2020

Net Income

Down

-$519,826

Down $784,438 (-296%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2011: $9,178,019Liabilities 2011: $3,467,932Net Assets 2011: $5,710,0872011Assets 2012: $9,186,830Liabilities 2012: $3,497,747Net Assets 2012: $5,689,0832012Assets 2013: $9,466,521Liabilities 2013: $3,536,056Net Assets 2013: $5,930,4652013Assets 2014: $10,111,072Liabilities 2014: $3,355,022Net Assets 2014: $6,756,0502014Assets 2015: $10,728,379Liabilities 2015: $3,417,544Net Assets 2015: $7,310,8352015Assets 2016: $10,722,301Liabilities 2016: $3,536,776Net Assets 2016: $7,185,5252016Assets 2018: $11,612,273Liabilities 2018: $3,410,181Net Assets 2018: $8,202,0922018Assets 2019: $11,601,022Liabilities 2019: $3,671,459Net Assets 2019: $7,929,5632019Assets 2020: $11,153,692Liabilities 2020: $3,129,913Net Assets 2020: $8,023,7792020Assets 2021: $11,249,206Liabilities 2021: $3,461,257Net Assets 2021: $7,787,9492021Assets 2022: $11,241,138Liabilities 2022: $4,664,393Net Assets 2022: $6,576,7452022Assets 2023: $11,401,528Liabilities 2023: $4,721,234Net Assets 2023: $6,680,2942023Assets 2024: $17,553,100Liabilities 2024: $11,125,212Net Assets 2024: $6,427,8882024Assets 2025: $22,705,415Liabilities 2025: $11,942,731Net Assets 2025: $10,762,6842025

Highlighted filing

2021

Assets$11,249,206
Liabilities$3,461,257
Net Assets$7,787,949

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20M$15M$10M$5.0M$0-$5.0MExpenses 2011: $5,098,8822011Expenses 2012: $4,853,7952012Expenses 2013: $5,094,9162013Revenue 2014: $5,770,133Expenses 2014: $5,103,339Net Income 2014: $666,7942014Revenue 2015: $6,058,387Expenses 2015: $5,479,805Net Income 2015: $578,5822015Revenue 2016: $5,837,406Expenses 2016: $5,844,130Net Income 2016: -$6,7242016Revenue 2018: $7,359,839Expenses 2018: $6,903,643Net Income 2018: $456,1962018Revenue 2019: $6,805,022Expenses 2019: $7,147,271Net Income 2019: -$342,2492019Revenue 2020: $7,382,375Expenses 2020: $7,117,763Net Income 2020: $264,6122020Revenue 2021: $6,711,886Expenses 2021: $7,231,712Net Income 2021: -$519,8262021Revenue 2022: $7,126,242Expenses 2022: $7,953,678Net Income 2022: -$827,4362022Revenue 2023: $8,974,204Expenses 2023: $9,003,598Net Income 2023: -$29,3942023Revenue 2024: $9,939,367Expenses 2024: $10,107,971Net Income 2024: -$168,6042024Revenue 2025: $15,498,808Expenses 2025: $11,317,346Net Income 2025: $4,181,4622025

Highlighted filing

2021

Revenue$6,711,886
Expenses$7,231,712
Net Income-$519,826
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Mar 9, 2022
Return Version
2020v4.0
Gross Receipts
$7,376,418
Mission and Program Overview

Mission

What We Do | MissionWe provide student-centered, individualized learning in a joyful, and nurturing community, inspiring academic excellence and valuing difference.Why We Do It | VisionTo empower individual potential, inspire purpose beyond self, and cultivate social responsibility.Ideas We Live By | ValuesAcademic Excellence, Creativity, Critical Thinking, Diversity, Ethical Responsibility, Joy, Kindness, Resilience.

Marymount of Santa Barbara is an independent school for children from age 4 through Grade 8 that places equal value on the intellectual, social-emotional, and ethical dimensions of learning to prepare bright, confident,and caring young people for the next adventures of their lives.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$8,338,061$8,064,190▼ $273,871
Investments in Publicly Traded Securities$1,739,029$1,955,029▲ $216,000
Savings and Temporary Cash Investments$319,075$337,760▲ $18,685
Pledges and Grants Receivable$155,339$321,779▲ $166,440
Prepaid Expenses and Deferred Charges$212,934$266,501▲ $53,567
Cash and Non-Interest-Bearing Accounts$282,474$237,940▼ $44,534
Accounts Receivable$106,780$66,007▼ $40,773
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$11,153,692$11,249,206▲ $95,514
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,783,454$1,738,501▼ $44,953
Deferred Revenue$777,051$1,022,769▲ $245,718
Accounts Payable and Accrued Expenses$569,408$699,987▲ $130,579
Total Liabilities$3,129,913$3,461,257▲ $331,344
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,071,378$5,491,879▼ $579,499
Net Assets With Donor Restrictions$1,952,401$2,296,070▲ $343,669
Total Net Assets Fund Balance$8,023,779$7,787,949▼ $235,830
Total Liabilities and Net Assets / Fund Balance$11,153,692$11,249,206▲ $95,514

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,539,604$5,082,403$11,622,007
Equipment$270,071$884,132$1,154,203
Land$1,035,455-$1,035,455
Other Land Buildings$219,060-$219,060

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$1,066,104$47,500▲ $444,500$227,728$1,330,376
2019$2,193,301$12,500▲ $7,407$147,104$2,066,104
2018$2,182,502$67,500▲ $116,808$173,509$2,193,301
2017$3,515,598$46,600▲ $221,388$1,601,084$2,182,502
2016$3,149,471$92,015▲ $413,021$138,909$3,515,598
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Broderick ChristinaHead of SchoolFT$272,480$19,151$291,631
Torchin AndreaAssociate Head of School.FT$160,000$9,061$169,061
McFarling AndreaDevelopment DirectorFT$115,500$6,064$121,564
Brown BethBusiness ManagerFT$104,000$12,124$116,124
Seguel MollyDirector of AdmissionsFT$104,000$5,464$109,464
Dana MargaretlS FACULTYFT$95,000$12,487$107,487

Board Members and Trustees

NameTitle
Alexis WeaverPresident
Steve WeltonVice President
JM LindTrustee
Lori WeathersTrustee
Megan SharmaTrustee
Michael MartzTrustee
Nikki GreeneTrustee
Theresa CarlsonTrustee
Tina WoodTrustee
Wenjing ChenTrustee
Paloma ArnoldSecretary
Thacher NicholasTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
BigGreen Cleaning CompanyJanitorial Services5551 Ekwill Street, Goleta, CA 93111$172,636
Allen ConstructionConstruction201 N Milpas, Santa Barbara, CA 93103$106,414
Revenue and Support

Revenue Composition

Contributions and Grants
$598,534
Program Service Revenue
$5,701,246
Investment Income
$174,202
Other Revenue
$237,904
All Other Contributions
$384,740
Change in Net Assets
$-519,826

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,695,555
Revenue Not Reported on Financial Statements
$16,331
Revenue Not Reported on Form 990
$283,996
Total Revenue per Audited Statements
$6,979,551
Total Revenue per Form 990
$6,711,886
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,238,550
Other Expenses$1,940,252
Grants and Similar Amounts Paid$1,052,910
Total Fundraising Expense$266,601
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,904,079$1,088,336$152,699$3,145,114
Grants to Domestic Individuals$1,052,910--$1,052,910
Office Expenses$278,541$238,319$5,362$522,222
Depreciation Depletion$339,493$149,562$19,913$508,968
Current Officers, Directors, Trustees, and Key Employees$358,621$72,908$29,163$460,692
Fees for Services Other$220,172$75,762$11,129$307,063
Other Employee Benefits$190,347$73,454$9,259$273,060
Payroll Taxes$172,214$71,552$13,212$256,978
Occupancy$120,460$53,892$6,253$180,605
Advertising-$132,146-$132,146
Pension Plan Contributions$69,657$29,797$3,252$102,706
Interest-$76,624-$76,624
Insurance$39,843$28,271$2,250$70,364
Fees for Service Investment Mgmnt Fees-$16,331-$16,331
All Other Expenses$1,186$3,370$5,455$10,011
Other Expenses$5,882$13,120$8,289$8,289
Total Functional Expenses$4,823,713$2,141,398$266,601$7,231,712

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$7,231,712
Expenses per Audited Statements$7,215,381
Total Expenses per Audited Statements$7,215,381
Expenses Not Reported on Financial Statements$16,331
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$263,918
Fundraising Direct Expenses$27,163
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf & Auction$263,918$263,918$26,739$237,179
Total Events$263,918$263,918$27,163$236,755
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

The tax returns are reviewed by the head of school, the controller, and the finance committee before filing. Draft is available for review by trustees.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Compensation committee reviews data from CAIS & NAIS with regard to Head of School salary

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Compensation committee reviews data from CAIS & NAIS with regard to other officers and key employees

Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection

The documents are available to the public upon request

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The documents are available to the public upon request

Filing and Contact Details

Filer

Filer Name
Marymount of Santa Barbara Inc
EIN
23-7154063
Phone
8055691811
Address
2130 MISSION RIDGE ROAD, SANTA BARBRA, CA 93103

Signing Officer

Name
Alexis Weaver
Title
President
Signed
2022-03-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alexis Weaver
Formed
1972
Legal Domicile
CA
Voting Board Members
12
Independent Board Members
12
Employees
72
Volunteers
53

Preparer

Firm
Stoltey & Associates
Address
4643 Kennington Dr, Santa Maria, CA 93455
Preparer
Brad A Stoltey
Phone
8056895880
Supplemental Narrative

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

Gifts to the endowment are an investment in the long-term financial health of the institution. Income from each of the school's endowed funds is used to fund the school's programs in perpetuity. The principal is invested for long-term growth to serve present and future generations of students.

Part X : FIN48 Footnote

Income TaxesThe School is organized as a California nonprofit corporation and has been recognized by the IRS as exempt from federal income taxes under IRC Section 501(a) as organizations described in IRC Section 501(c)(3), qualify for the charitable contribution deduction under IRC Sections 170(b)(1)(A)(ii), and has been determined not to be private foundation. The School is annually required to file a Return of Organization Exempt from Income Tax (Form 990) with the IRS. In addition, the Organization is subject to income tax on net income that is derived from business activities that are unrelated to their exempt purposes. Management has determined the School is not subject to unrelated business income tax and has not filed an Exempt Organization Business Income Tax Return (Form 990-T) with the IRS. The Organization has processes presently in place to ensure the maintenance of its tax-exempt status; to identify and report unrelated income; to determine its filing and tax obligations; and to identify and evaluate other matters that may be considered tax positions. Management has determined that there are no material uncertain tax positions that require recognition or disclosure in the financial statements.

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IRS990/Desc0Marymount of Santa Barbara was founded in 1938 with a commitment to providing an education that nurtured students academic, moral, physical and creative potential. Today, as Marymount celebrates its 80th year in existence, the faculty and staff are thoroughly committed to the values for which it was founded and still resonates in our Mission Statement. At Marymount, creative, enthusiastic, and inspiring teachers engage students in their learning, challenge them to do their best, and provide the nurturing and support they need to succeed. Marymount teachers teach kids how to think, not what to think. Marymounts faculty is comprised of 22 full-time and seven part-time teachers, with 50 percent of the full-time teachers holding a Masters degree or higher. Marymounts pristine and historically significant campus location provides the opportunity for our Lower and Middle School Divisions to have the appropriate programs and facilities for their levels while still allowing for combined activities and events. Other features unique to Marymount include our licensed Junior Kindergarten program, the Center for Creative Design and Engineering (CDEC), a space where students can delve deeper into hands-on learning in Design Thinking, Engineering and Science, and a heated outdoor swimming pool that allows for swimming and aquatic activities to be a part of our physical education program in Grades 1-8, and also used for after-school athletics and Middle School electives. Lastly, our Learning Support Program, Skills Application classes, and Middle School Advisory Program work in concert to adequately meet the needs of all our students JK-8th grade.
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IRS990/Form990PartVIISectionAGrp/PersonNm5Dana Margaret
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IRS990/Form990PartVIISectionAGrp/PersonNm7Steve Welton
IRS990/Form990PartVIISectionAGrp/PersonNm8Thacher Nicholas
IRS990/Form990PartVIISectionAGrp/PersonNm9Paloma Arnold
IRS990/Form990PartVIISectionAGrp/PersonNm10Theresa Carlson
IRS990/Form990PartVIISectionAGrp/PersonNm11Wenjing Chen
IRS990/Form990PartVIISectionAGrp/PersonNm12Nikki Greene
IRS990/Form990PartVIISectionAGrp/PersonNm13JM Lind
IRS990/Form990PartVIISectionAGrp/PersonNm14Michael Martz
IRS990/Form990PartVIISectionAGrp/PersonNm15Megan Sharma
IRS990/Form990PartVIISectionAGrp/PersonNm16Lori Weathers
IRS990/Form990PartVIISectionAGrp/PersonNm17Tina Wood
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Head of School
IRS990/Form990PartVIISectionAGrp/TitleTxt1Associate Head of School.
IRS990/Form990PartVIISectionAGrp/TitleTxt2Development Dir.
IRS990/Form990PartVIISectionAGrp/TitleTxt3Business Manager
IRS990/Form990PartVIISectionAGrp/TitleTxt4Dir. of Admissions
IRS990/Form990PartVIISectionAGrp/TitleTxt5lS FACULTY
IRS990/Form990PartVIISectionAGrp/TitleTxt6President
IRS990/Form990PartVIISectionAGrp/TitleTxt7Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt8Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt9Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt10Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt11Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt12Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt13Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt14Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt15Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt16Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt17Trustee
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IRS990/MissionDesc0Marymount of Santa Barbara is an independent school for children from age 4 through Grade 8 that places equal value on the intellectual, social-emotional, and ethical dimensions of learning to prepare bright, confident,and caring young people for the next adventures of their lives.
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0266501
IRS990/PrincipalOfficerNm0Alexis Weaver

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$22.7$11.9$10.8$15.5$11.3$4.18
2024Detailed filing. Detailed filing data is available for this year.$17.6$11.1$6.43$9.94$10.1$0.17
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.4$4.72$6.68$8.97$9.00$0.03
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.2$4.66$6.58$7.13$7.95$0.83
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.2$3.46$7.79$6.71$7.23$0.52
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.2$3.13$8.02$7.38$7.12$0.26
2019Detailed filing. Detailed filing data is available for this year.$11.6$3.67$7.93$6.81$7.15$0.34
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.6$3.41$8.20$7.36$6.90$0.46
2016Detailed filing. Detailed filing data is available for this year.$10.7$3.54$7.19$5.84$5.84$0.01
2015Detailed filing. Detailed filing data is available for this year.$10.7$3.42$7.31$6.06$5.48$0.58
2014Detailed filing. Detailed filing data is available for this year.$10.1$3.36$6.76$5.77$5.10$0.67
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.47$3.54$5.93$5.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.19$3.50$5.69$4.85
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.18$3.47$5.71$5.10