Civic Intelligence

Curtis School Foundation

990 • Fiscal year 2014 • EIN 51-0188298

Jul 01, 2013 to Jun 30, 2014 • Filed on Jan 21, 2015

15871 Mulholland Drive90049

(310) 476-1251

Siviq Scores

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

Liabilities / Assets

34th percentile

0.13x

Higher debt load relative to assets than 34% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Liabilities / Revenue

53rd percentile

0.36x

Higher debt load relative to revenue than 53% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Net Margin

47th percentile

2.8%

Higher net margin than 47% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Top Officer Pay

79th percentile

$426,558

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 2.6% of source-year revenue.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Asset Growth

64th percentile

8.2%

Faster asset growth than 64% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

Up

$44,671,962

Up $3,371,180 (+8.2%) from 2013

Net Assets

Up

$38,753,306

Up $3,187,947 (+9.0%) from 2013

Liabilities

Up

$5,918,656

Up $183,233 (+3.2%) from 2013

Revenue

$16,307,626

No earlier filing loaded for comparison.

Expenses

Up

$15,857,983

Up $672,391 (+4.4%) from 2013

Net Income

$449,643

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$150M$100M$50M$0Assets 2010: $33,515,837Liabilities 2010: $6,456,570Net Assets 2010: $27,059,2672010Assets 2011: $37,333,997Liabilities 2011: $6,729,155Net Assets 2011: $30,604,8422011Assets 2012: $37,532,872Liabilities 2012: $6,683,765Net Assets 2012: $30,849,1072012Assets 2013: $41,300,782Liabilities 2013: $5,735,423Net Assets 2013: $35,565,3592013Assets 2014: $44,671,962Liabilities 2014: $5,918,656Net Assets 2014: $38,753,3062014Assets 2015: $45,626,486Liabilities 2015: $5,685,679Net Assets 2015: $39,940,8072015Assets 2016: $44,775,696Liabilities 2016: $4,045,364Net Assets 2016: $40,730,3322016Assets 2017: $49,096,521Liabilities 2017: $5,356,376Net Assets 2017: $43,740,1452017Assets 2018: $51,144,043Liabilities 2018: $5,374,516Net Assets 2018: $45,769,5272018Assets 2019: $53,931,553Liabilities 2019: $6,031,950Net Assets 2019: $47,899,6032019Assets 2020: $55,279,722Liabilities 2020: $4,900,010Net Assets 2020: $50,379,7122020Assets 2021: $75,927,733Liabilities 2021: $16,632,131Net Assets 2021: $59,295,6022021Assets 2022: $70,090,199Liabilities 2022: $17,176,462Net Assets 2022: $52,913,7372022Assets 2023: $77,010,170Liabilities 2023: $17,975,599Net Assets 2023: $59,034,5712023Assets 2024: $113,760,816Liabilities 2024: $44,000,770Net Assets 2024: $69,760,0462024

Highlighted filing

2014

Assets$44,671,962
Liabilities$5,918,656
Net Assets$38,753,306

Operations Trend

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

$30M$20M$10M$0Expenses 2010: $13,629,1282010Expenses 2011: $14,002,3582011Expenses 2012: $14,715,9772012Expenses 2013: $15,185,5922013Revenue 2014: $16,307,626Expenses 2014: $15,857,983Net Income 2014: $449,6432014Revenue 2015: $16,931,354Expenses 2015: $15,849,283Net Income 2015: $1,082,0712015Revenue 2016: $16,920,971Expenses 2016: $16,204,627Net Income 2016: $716,3442016Revenue 2017: $17,722,425Expenses 2017: $17,247,093Net Income 2017: $475,3322017Revenue 2018: $18,100,511Expenses 2018: $17,938,266Net Income 2018: $162,2452018Revenue 2019: $18,731,545Expenses 2019: $18,461,784Net Income 2019: $269,7612019Revenue 2020: $20,290,612Expenses 2020: $18,756,036Net Income 2020: $1,534,5762020Revenue 2021: $19,348,920Expenses 2021: $19,258,311Net Income 2021: $90,6092021Revenue 2022: $22,116,756Expenses 2022: $20,893,742Net Income 2022: $1,223,0142022Revenue 2023: $24,833,415Expenses 2023: $21,943,168Net Income 2023: $2,890,2472023Revenue 2024: $28,665,524Expenses 2024: $21,477,680Net Income 2024: $7,187,8442024

Highlighted filing

2014

Revenue$16,307,626
Expenses$15,857,983
Net Income$449,643
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Jan 21, 2015
Return Version
2013v4.0
Gross Receipts
$16,648,404
Mission and Program Overview

Mission

The mission of curtis school is to provide a well-rounded educational experience that will prepare students to pursue confidently the journey of their lives.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$22,292,163$25,334,593▲ $3,042,430
Land, Buildings, and Equipment, Net$8,425,773$11,462,700▲ $3,036,927
Savings and Temporary Cash Investments$7,675,084$6,832,253▼ $842,831
Pledges and Grants Receivable$1,404,052$497,591▼ $906,461
Prepaid Expenses and Deferred Charges$154,645$350,076▲ $195,431
Cash and Non-Interest-Bearing Accounts$511,321$179,738▼ $331,583
Accounts Receivable$7,234$15,004▲ $7,770
Total Assets$41,300,782$44,671,962▲ $3,371,180
Other Assets Total$830,510$7▼ $830,503
Liabilities
Other Liabilities$4,466,176$4,653,061▲ $186,885
Accounts Payable and Accrued Expenses$1,269,247$1,265,595▼ $3,652
Total Liabilities$5,735,423$5,918,656▲ $183,233
Net Assets / Fund Balance
Unrestricted Net Assets$15,811,673$18,437,006▲ $2,625,333
Temporarily Rstr Net Assets$9,874,394$10,430,000▲ $555,606
Permanently Rstr Net Assets$9,879,292$9,886,300▲ $7,008
Total Net Assets Fund Balance$35,565,359$38,753,306▲ $3,187,947
Total Liabilities and Net Assets / Fund Balance$41,300,782$44,671,962▲ $3,371,180

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,282,937$10,279,095$15,562,032
Leasehold Improvements$4,489,475$2,049,363$6,538,838
Equipment$492,433$3,976,420$4,468,853
Other Land Buildings$538,007$1,574,762$2,112,769
Land$659,848-$659,848

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$19,999,302$236,316▲ $3,042,680$2,303,598$20,656,306
2012$16,678,743$2,915,531▲ $1,942,497$1,040,486$19,999,302
2011$16,167,022$234,837▲ $636,194$206,655$16,678,743
2010$13,271,328$541,897▲ $2,726,714$126,302$16,167,022
2009$11,981,358$164,245▲ $1,413,510$104,355$13,271,328
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Peter SmailesHeadmasterFT$325,000$68,948$426,558
R Daniel RothbauerCofoFT$162,459$63,212$193,061
Christopher Dylan ThinnesHead of UppeFT$180,379$7,671$188,050
Christopher Dylan ThinnesHead of Upper School-$180,379$7,671$188,050
Jeffrey AlbertDirector of FaciFT$145,552$24,382$169,934
Jeffrey AlbertDirector of Facilities-$135,552$34,382$169,934
Sarina FierroHead of LoweFT$140,082$23,917$163,999
Sarina FierroHead of Lower School-$135,082$28,917$163,999
Mimi PetrieDirector of AdmiFT$133,804$20,086$153,890
Mimi PetrieDirector of Admissions-$128,804$25,086$153,890
Robin KeithDirector of AdvaFT$137,777$15,866$153,643
Robin KeithDirector of Advancement-$132,777$20,866$153,643

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Pica Sullivan Architects LtdArichtect-$210,129
Pinnacle Audio Video Lighting INCAudio & Video-$133,222
Gonzales Law GroupLegal-$128,929
Ernesto Romobanano's Gardening ServGardening-$110,994
Revenue and Support

Revenue Composition

Contributions and Grants
$2,077,917
Program Service Revenue
$13,118,874
Investment Income
$997,362
Other Revenue
$113,473
All Other Contributions
$1,640,751
Change in Net Assets
$449,643

Audited Revenue Reconciliation

Revenue per Audited Statements
$15,292,995
Revenue Not Reported on Financial Statements
$1,014,631
Revenue Not Reported on Form 990
$3,079,082
Other Revenue Adjustments
$1,014,631
Total Revenue per Audited Statements
$18,372,077
Total Revenue per Form 990
$16,307,626
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$9,976,608
Other Expenses$4,866,744
Grants and Similar Amounts Paid$1,014,631
Total Fundraising Expense$234,231
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,420,669$1,980,938-$7,401,607
All Other Expenses$1,317,974$140,914$152,201$1,611,089
Depreciation Depletion$977,376$97,738$10,860$1,085,974
Grants to Domestic Individuals$1,014,631--$1,014,631
Other Employee Benefits$516,387$386,343-$902,730
Current Officers, Directors, Trustees, and Key Employees$170,623$387,034$61,962$619,619
Payroll Taxes$412,912$148,601-$561,513
Pension Plan Contributions$344,610$146,529-$491,139
Other Expenses$343,389$399,506$4,992$343,389
Information Technology$219,065$21,907$2,434$243,406
Insurance$160,390$16,039$1,782$178,211
Fees for Services Other-$57,000-$57,000
Travel-$47,676-$47,676
Fees for Services Legal-$40,729-$40,729
Interest-$6,254-$6,254
Total Functional Expenses$11,701,616$3,922,136$234,231$15,857,983

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$15,857,983
Total Expenses per Audited Statements$15,184,130
Expenses per Audited Statements$14,843,352
Expenses Not Reported on Financial Statements$1,014,631
Other Expense Adjustments$1,014,631
Expenses Not Reported on Form 990$340,778
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$374,137
Fundraising Direct Expenses$340,778
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$667,707$230,541$232,784$-2,243
Event 2$123,594$123,594$105,830$17,764
Total Events$811,303$374,137$340,778$33,359
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tuition Deposit$4,589,469
Capital Lease$42,074
Scholarship Assistance$21,518
Other Liabilities-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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, Page 6, Part VI, Line 11B

The entire board of trustees designates, by vote, a team of board members to review and approve the form 990 and notify the board of the results of their review. The designated board members are provided with a copy of the audited financial statements to use in review. The form 990 is distributed to the entire board of trustees after the review.

Form 990, Page 6, Part VI, Line 12C

The organization consistently monitors compliance with conflict of interest policy (questionnaires to the board members and officers, etc.)

Form 990, Page 6, Part VI, Line 15A

Board of trustees (all independent members) reviews available market data for compensation and approves the compensation of the headmaster.

Form 990, Page 6, Part VI, Line 15B

Board of trustees (all independent members) reviews available market data for compensation, and reviews and approves the proposed headmaster's budget, which includes compensation of other officers and key employees.

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available upon request.

Filing and Contact Details

Filer

EIN
51-0188298

Signing Officer

Name
Daniel Rothbauer
Title
CFO
Signed
2015-01-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Daniel Rothbauer
Voting Board Members
14
Independent Board Members
14
Employees
133
Volunteers
525

Preparer

Preparer
Yefim Sklyar CPA
Phone
8189715100
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Student activities 303,566 0 0 utilities 247,282 24,728 2,748 program services - other 246,567 0 0 security 159,224 15,922 1,769 campus development 156,616 15,662 1,740 fundraising exp-other 0 0 121,831 professional development 108,335 0 0 printing 0 47,984 23,829 athletic expenses 51,830 0 0 dues and subscriptions 16,358 20,429 0 permits and licenses 25,555 2,555 284 postage 2,641 13,634 0

Form 990, Part XI, Line 9

Fundraising events - direct expenses 340,778 scholarships awarded -1,014,631 fundraising events - direct expenses -340,778 scholarships awarded 1,014,631

Financial Statement Notes

Schedule D, Page 3, Part X

Asc 740 (fin 48) curtis school foundation (the foundation) is exempt from federal and state income taxes under internal revenue code (irc) section 501(c)(3) and the corresponding provisions of the california revenue and taxation code. While the foundation is a tax exempt organization under section 501(c)(3) of the irc, income determined to be unrelated business income (ubi) would be taxable. The foundation evaluates uncertain tax positions through its review of the sources of income to identify ubi and certain other matters, including those which may affect its tax exempt status. The effect of the uncertainty would be recorded if the outcome was considered probable and reasonably estimable. As of june 30, 2014 and 2013, the foundation had no uncertain tax positions requiring accrual. The foundation files federal and california exempt organization returns. They are no longer subject to income tax examinations by taxing authorities for years before 2010 for their federal and 2009 for their state tax filings.

Schedule D, Page 4, Part XI, Line 2D

Fundraising events - direct expenses 340,778

Schedule D, Page 4, Part XI, Line 4B

Scholarships awarded 1,014,631

Schedule D, Page 4, Part XII, Line 2D

Fundraising events - direct expenses 340,778

Schedule D, Page 4, Part XII, Line 4B

Scholarships awarded 1,014,631

Schedule D, Page 4, Part XIII

Part v, line 4 endowment assets include donor-restricted funds that curtis school foundation (the foundation) must hold in perpetuity as well as board- designated funds. The principal is invested for long-term growth to serve present and future generations of students. The income from endowment funds is appropriated in accordance with the foundation's endowment spending policy and is used in accordance with donor-imposed restrictions or, in the absence thereof, to support the school's general operations.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt1TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14COFO
IRS990/Form990PartVIISectionAGrp/TitleTxt15HEADMASTER
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIR. OF FACI
IRS990/Form990PartVIISectionAGrp/TitleTxt17HEAD OF LOWE
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIR. OF ADVA
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIR. OF ADMI
IRS990/Form990PartVIISectionAGrp/TitleTxt20HEAD OF UPPE
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IRS990/FormerOfcrEmployeesListedInd0false
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IRS990/FundraisingDirectExpensesAmt0340778
IRS990/FundraisingGrossIncomeAmt0374137
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IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE MISSION OF CURTIS SCHOOL IS TO PROVIDE A WELL-ROUNDED EDUCATIONAL EXPERIENCE THAT WILL PREPARE STUDENTS TO PURSUE CONFIDENTLY THE JOURNEY OF THEIR LIVES.
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IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0516387
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IRS990/OtherExpensesGrp/Desc1MGT AND GENERAL - OTHER
IRS990/OtherExpensesGrp/Desc2TRANSPORTATION
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IRS990/PrincipalOfficerNm0DANIEL ROTHBAUER
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IRS990/ProgramServiceRevenueGrp/Desc0TUITION
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IRS990/ProgramServiceRevenueGrp/Desc2FEES - APPLICATION
IRS990/ProgramServiceRevenueGrp/Desc3OTHER
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1327025
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2194700
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3168140
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt4137577
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1327025
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2194700
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3168140
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4137577
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt04365396
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt01007414
IRS990/PYInvestmentIncomeAmt0889795
IRS990/PYOtherExpensesAmt04628252
IRS990/PYOtherRevenueAmt0534918
IRS990/PYProgramServiceRevenueAmt012613806
IRS990/PYRevenuesLessExpensesAmt03218323
IRS990/PYSalariesCompEmpBnftPaidAmt09549926
IRS990/PYTotalExpensesAmt015185592
IRS990/PYTotalRevenueAmt018403915
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$114$44.0$69.8$28.7$21.5$7.19
2023Detailed filing. Detailed filing data is available for this year.$77.0$18.0$59.0$24.8$21.9$2.89
2022Detailed filing. Detailed filing data is available for this year.$70.1$17.2$52.9$22.1$20.9$1.22
2021Detailed filing. Detailed filing data is available for this year.$75.9$16.6$59.3$19.3$19.3$0.09
2020Detailed filing. Detailed filing data is available for this year.$55.3$4.90$50.4$20.3$18.8$1.53
2019Detailed filing. Detailed filing data is available for this year.$53.9$6.03$47.9$18.7$18.5$0.27
2018Detailed filing. Detailed filing data is available for this year.$51.1$5.37$45.8$18.1$17.9$0.16
2017Detailed filing. Detailed filing data is available for this year.$49.1$5.36$43.7$17.7$17.2$0.48
2016Detailed filing. Detailed filing data is available for this year.$44.8$4.05$40.7$16.9$16.2$0.72
2015Detailed filing. Detailed filing data is available for this year.$45.6$5.69$39.9$16.9$15.8$1.08
2014Detailed filing. Detailed filing data is available for this year.$44.7$5.92$38.8$16.3$15.9$0.45
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$41.3$5.74$35.6$15.2
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$37.5$6.68$30.8$14.7
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$37.3$6.73$30.6$14.0
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$33.5$6.46$27.1$13.6