Civic Intelligence

Curtis School Foundation

990 • Fiscal year 2020 • EIN 51-0188298

Jul 01, 2019 to Jun 30, 2020 • Filed on May 15, 2021

15871 Mulholland DriveLos Angeles, CA 90049

(310) 476-1251

Siviq Scores

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

Liabilities / Assets

28th percentile

0.09x

Higher debt load relative to assets than 28% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Liabilities / Revenue

34th percentile

0.24x

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

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Net Margin

60th percentile

7.6%

Higher net margin than 60% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Top Officer Pay

42nd percentile

$304,286

Higher top officer pay than 42% of similar nonprofits.

Top officer pay equals 1.5% of source-year revenue.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Asset Growth

37th percentile

2.5%

Faster asset growth than 37% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2019 to 2020

Revenue Growth

65th percentile

8.3%

Faster revenue growth than 65% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2019 to 2020

Assets

Up

$55,279,722

Up $1,348,169 (+2.5%) from 2019

Net Assets

Up

$50,379,712

Up $2,480,109 (+5.2%) from 2019

Liabilities

Down

$4,900,010

Down $1,131,940 (-19%) from 2019

Revenue

Up

$20,290,612

Up $1,559,067 (+8.3%) from 2019

Expenses

Up

$18,756,036

Up $294,252 (+1.6%) from 2019

Net Income

Up

$1,534,576

Up $1,264,815 (+469%) from 2019

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

2020

Assets$55,279,722
Liabilities$4,900,010
Net Assets$50,379,712

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

2020

Revenue$20,290,612
Expenses$18,756,036
Net Income$1,534,576
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 15, 2021
Return Version
2019v5.0
Gross Receipts
$22,070,502
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.

The curtis school foundation operates a primary school for developmental kindergarten through the sixth grade.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$39,414,908$39,621,593▲ $206,685
Land, Buildings, and Equipment, Net$8,713,469$7,885,660▼ $827,809
Cash and Non-Interest-Bearing Accounts$4,778,650$6,588,241▲ $1,809,591
Savings and Temporary Cash Investments$614,102$784,231▲ $170,129
Pledges and Grants Receivable$135,442$234,591▲ $99,149
Prepaid Expenses and Deferred Charges$241,032$158,910▼ $82,122
Accounts Receivable$33,950$6,496▼ $27,454
Total Assets$53,931,553$55,279,722▲ $1,348,169
Liabilities
Other Liabilities$4,848,609$4,180,285▼ $668,324
Accounts Payable and Accrued Expenses$1,183,341$719,725▼ $463,616
Total Liabilities$6,031,950$4,900,010▼ $1,131,940
Net Assets / Fund Balance
Net Assets With Donor Restrictions$27,852,844$28,765,550▲ $912,706
Net Assets Without Donor Restrictions$20,046,759$21,614,162▲ $1,567,403
Total Net Assets Fund Balance$47,899,603$50,379,712▲ $2,480,109
Total Liabilities and Net Assets / Fund Balance$53,931,553$55,279,722▲ $1,348,169

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,368,098$15,754,775$21,122,873
Equipment$792,402$5,705,216$6,497,618
Leasehold Improvements$1,027,184$1,162,835$2,190,019
Other Land Buildings$38,128$1,795,581$1,833,709
Land$659,848-$659,848

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$28,401,793$478,200▲ $1,935,100$1,057,900$29,254,293
2018$26,470,993$294,600▲ $2,225,500$261,100$28,401,793
2017$24,639,189$133,170▲ $2,111,301$223,955$26,470,993
2016$22,269,173$306,710▲ $2,623,916$353,477$24,639,189
2015$21,592,739$519,215▲ $638,441$209,116$22,269,173
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Meera RatnesarHead of SchoFT$279,779$24,507$304,286
Meera RatnesarHead of School-$271,736$37,550$304,286
Daniel RothbauerCOOFT$201,364$37,485$238,849
Sarina FierroHead of LoweFT$167,491$29,402$196,893
Sarina FierroHead of Lower Elem-$158,017$38,876$196,893
Jeffrey AlbertDirector of FaciFT$162,325$29,028$191,353
Jeffrey AlbertDirector of Facilities-$154,297$37,056$191,353
Corinne SchulmanDirector of AdvaFT$170,849$20,422$191,271
Corinne SchulmanDirector of Advancement-$165,687$25,584$191,271
Mimi PetrieDirector of AdmiFT$155,620$25,369$180,989
Mimi PetrieDirector of Admissions-$150,458$30,531$180,989
Ashley MaDirector ofFT$133,414$19,916$153,330
Ashley MaDirector of Sixth Gr-$127,500$20,830$153,330

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Tumbleweed TransportationSchool BusingPO BOX 49291, Los Angeles, CA 90049$436,319
Lakeland HoldingsStudent Prgrm218 WEST WATER STREET 400, Charlottesville, VA 22902$239,505
Kohl Building MaintenanceCleaning Srvcs9538 TOPANGA CANYON BLVD, Chatsworth, CA 91311$229,439
Fulcrum Learning Systems INCStudent Prgrm4943 MCCONNELL AVE UNIT W, Los Angeles, CA 90066$194,465
Ernesto Romobanano's Gardening ServLandscape Maint7515 AQUEDUCT AVE, Van Nuys, CA 91406$175,955
Revenue and Support

Revenue Composition

Contributions and Grants
$2,318,612
Program Service Revenue
$16,165,412
Investment Income
$1,524,138
Other Revenue
$282,450
All Other Contributions
$2,130,104
Change in Net Assets
$1,534,576

Audited Revenue Reconciliation

Revenue per Audited Statements
$18,668,794
Revenue Not Reported on Financial Statements
$1,621,818
Revenue Not Reported on Form 990
$1,199,591
Other Revenue Adjustments
$1,621,818
Total Revenue per Audited Statements
$19,868,385
Total Revenue per Form 990
$20,290,612
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$11,469,919
Other Expenses$5,664,299
Grants and Similar Amounts Paid$1,621,818
Total Fundraising Expense$378,271
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$6,325,314$2,016,175$185,539$8,527,028
All Other Expenses$909,845$1,146,363$68,679$2,124,887
Grants to Domestic Individuals$1,621,818--$1,621,818
Other Employee Benefits$877,633$304,444$29,773$1,211,850
Depreciation Depletion$937,379$142,126$5,425$1,084,930
Payroll Taxes$451,120$164,273$16,427$631,820
Pension Plan Contributions$413,740$130,180$12,165$556,085
Current Officers, Directors, Trustees, and Key Employees$121,715$367,107$54,314$543,136
Other Expenses$416,825$5,741$3,169$422,566
Information Technology$271,273$21,161$1,470$293,904
Insurance$137,184$20,800$794$158,778
Travel$23,130$10,723$516$34,369
Total Functional Expenses$13,965,643$4,412,122$378,271$18,756,036

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$18,756,036
Total Expenses per Audited Statements$17,388,276
Expenses per Audited Statements$17,134,218
Expenses Not Reported on Financial Statements$1,621,818
Other Expense Adjustments$1,621,818
Expenses Not Reported on Form 990$254,058
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$408,297
Fundraising Direct Expenses$254,058
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
School Fair$296,247$208,116$146,650$61,466
Curtis Celebrat$276,698$176,321$105,696$70,625
Total Events$596,805$408,297$254,058$154,239
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 Deposits$4,024,459
Deferred Compensation$155,826
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 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, Page 6, Part VI, Line 11B

After internal management review by cofo, audit committee designated by the board of trustees reviews and approves the form 990 and notifies the board of the results of their review. Audit committee 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

Executive committee (all independent members) closely reviews available market data to determine compensation for head of school. Data made available to full board of trustees (all independent members) for the approval of compensation.

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

Executive committee (all independent members) reviews available market data for compensation, and reviews and approves the proposed head of school budget, which includes compensation of other officer/key employee.

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

Filer Name
Curtis School Foundation
EIN
51-0188298
Address
15871 MULHOLLAND DRIVE, LOS ANGELES, CA 90049

Signing Officer

Name
Daniel Rothbauer
Title
COO
Phone
3104729512
Signed
2021-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Daniel Rothbauer
Formed
1976
Legal Domicile
CA
Voting Board Members
19
Independent Board Members
19
Employees
124
Volunteers
495

Preparer

Firm
Walters & Sklyar Llp
Address
21031 VENTURA BLVD STE 401, WOODLAND HILLS, CA 91364
Preparer
Yefim Sklyar CPA
Phone
8189752040
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Campus development 0 296,954 0 consultants and prof svcs 15,858 256,759 22,500 utilities 239,090 36,251 1,384 outreach, hosp and events 182,162 84,450 4,060 rebranding projects 0 185,865 0 other miscellaneous 37,328 90,193 18,149 security 90,879 42,131 2,026 professional development 120,111 0 0 fundraising exp-other 23,384 33,516 18,002 school pubs and printing 48,815 22,631 1,088 covid 33,994 5,154 197 bank charges 0 38,507 0 supplies and materials 31,771 2,867 138 auxilliary 25,587 3,880 148 dues and subscriptions 19,596 9,085 437 telephone 18,852 8,740 420 tx, lic, permits 22,418 3,399 130 housing allowance 0 15,798 0 postage 0 10,183 0 total 909,845 1,146,363 68,679

Form 990, Part XI, Line 9

Fundraising events - direct expenses 254,058 scholarships awarded -1,621,818 fundraising events - direct expenses -254,058 scholarships awarded 1,621,818

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

Endowment funds are invested for long-term growth to serve present and future generations of students. The income from endowment funds is appropriated in accordance with the school's investment spending policy and is used in accordance with donor-imposed restrictions or, in the absence of thereof, to support the school's general operations.

Schedule D, Page 3, Part X

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, 2020 and 2019, the foundation had no uncertain tax positions requiring accrual. The foundation files federal and california exempt organization returns. It is no longer subject to income tax examinations by taxing authorities for years before 2016 for their federal and 2015 for their state tax filings.

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

Fundraising events - direct expenses 254,058

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

Scholarships awarded 1,621,818

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

Fundraising events - direct expenses 254,058

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

Scholarships awarded 1,621,818

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4PARLIAMENTAR
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt18TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt20COO
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIR. OF FACI
IRS990/Form990PartVIISectionAGrp/TitleTxt22HEAD OF LOWE
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIR. OF ADVA
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIR. OF ADMI
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR OF
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IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
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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/OtherExpensesGrp/Desc1STUDENT ACTIVITIES
IRS990/OtherExpensesGrp/Desc2INSTRUCTIONAL EXPENSES
IRS990/OtherExpensesGrp/Desc3TRANSPORTATION
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IRS990/OtherExpensesGrp/ProgramServicesAmt0547611
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IRS990/OtherExpensesGrp/ProgramServicesAmt2429325
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IRS990/OtherExpensesGrp/TotalAmt1481731
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IRS990/OtherLiabilitiesGrp/BOYAmt04848609
IRS990/OtherLiabilitiesGrp/EOYAmt04180285
IRS990/OtherRevenueMiscGrp/Desc0OTHER FUNDRAISING REVENUE

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

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