Civic Intelligence

San Roque School Charitable Trust

EIN 71-6194026 • 501(c)3 • Santa Barbara, CA

Profile

Previously provided integrated curriculum challenging students to respond to many levels of learning. Currently winding down operations.

21 E Carrillo Street Suite Ste 130Santa Barbara, CA 93101

www.gardenstreetacademy.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

5th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2024

Net Margin

100th percentile

101%

Higher net margin than 100% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

15th percentile

$0

Higher top officer pay than 15% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

1st percentile

-99%

Faster asset growth than 1% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2023 to 2024

Assets

Down

$347,154

Down $65,904,924 (-99%) from 2023

Liabilities

Down

$0

Down $21,278,076 (-100%) from 2023

Net Assets

Down

$347,154

Down $44,626,848 (-99%) from 2023

Revenue

Down

-$13,570,861

Down $13,670,861 (-13671%) from 2023

Expenses

Up

$187,446

Up $87,446 (+87%) from 2023

Net Income

Down

-$13,758,307

Down $13,758,307 from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80M$60M$40M$20M$0Assets 2010: $77,821,481Liabilities 2010: $8,360,202Net Assets 2010: $69,461,2792010Assets 2011: $78,477,833Liabilities 2011: $10,569,521Net Assets 2011: $67,908,3122011Assets 2012: $75,806,062Liabilities 2012: $14,607,718Net Assets 2012: $61,198,3442012Assets 2013: $75,216,586Liabilities 2013: $17,435,488Net Assets 2013: $57,781,0982013Assets 2014: $77,974,221Liabilities 2014: $17,492,545Net Assets 2014: $60,481,6762014Assets 2015: $72,493,545Liabilities 2015: $18,613,582Net Assets 2015: $53,879,9632015Assets 2016: $71,069,746Liabilities 2016: $20,612,668Net Assets 2016: $50,457,0782016Assets 2017: $69,863,478Liabilities 2017: $22,472,852Net Assets 2017: $47,390,6262017Assets 2018: $70,077,130Liabilities 2018: $22,419,476Net Assets 2018: $47,657,6542018Assets 2019: $69,386,310Liabilities 2019: $21,318,582Net Assets 2019: $48,067,7282019Assets 2020: $68,520,199Liabilities 2020: $21,190,287Net Assets 2020: $47,329,9122020Assets 2021: $66,252,078Liabilities 2021: $21,278,076Net Assets 2021: $44,974,0022021Assets 2022: $66,252,078Liabilities 2022: $21,278,076Net Assets 2022: $44,974,0022022Assets 2023: $66,252,078Liabilities 2023: $21,278,076Net Assets 2023: $44,974,0022023Assets 2024: $347,154Liabilities 2024: $0Net Assets 2024: $347,1542024

Highlighted filing

2024

Assets$347,154
Liabilities$0
Net Assets$347,154

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$0-$10M-$20MRevenue 2010: $132,861Expenses 2010: $7,768,480Net Income 2010: -$7,635,6192010Revenue 2011: $3,035,223Expenses 2011: $7,011,254Net Income 2011: -$3,976,0312011Expenses 2012: $5,419,8322012Revenue 2013: $1,852,776Expenses 2013: $5,721,747Net Income 2013: -$3,868,9712013Revenue 2014: $8,327,672Expenses 2014: $5,690,690Net Income 2014: $2,636,9822014Revenue 2015: $2,462,254Expenses 2015: $5,737,767Net Income 2015: -$3,275,5132015Revenue 2016: $1,930,537Expenses 2016: $5,576,422Net Income 2016: -$3,645,8852016Revenue 2017: $4,316,340Expenses 2017: $5,355,746Net Income 2017: -$1,039,4062017Revenue 2018: $4,470,116Expenses 2018: $5,644,838Net Income 2018: -$1,174,7222018Revenue 2019: $6,485,196Expenses 2019: $5,600,511Net Income 2019: $884,6852019Revenue 2020: $3,213,804Expenses 2020: $4,338,106Net Income 2020: -$1,124,3022020Revenue 2021: $102,577Expenses 2021: $2,232,771Net Income 2021: -$2,130,1942021Revenue 2022: $100,000Expenses 2022: $100,000Net Income 2022: $02022Revenue 2023: $100,000Expenses 2023: $100,000Net Income 2023: $02023Revenue 2024: -$13,570,861Expenses 2024: $187,446Net Income 2024: -$13,758,3072024

Highlighted filing

2024

Revenue-$13,570,861
Expenses$187,446
Net Income-$13,758,307

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.35$0.00$0.35$13.6$0.19$13.8
2023Detailed filing. Detailed filing data is available for this year.$66.3$21.3$45.0$0.10$0.10$0.00
2022Detailed filing. Detailed filing data is available for this year.$66.3$21.3$45.0$0.10$0.10$0.00
2021Detailed filing. Detailed filing data is available for this year.$66.3$21.3$45.0$0.10$2.23$2.13
2020Detailed filing. Detailed filing data is available for this year.$68.5$21.2$47.3$3.21$4.34$1.12
2019Detailed filing. Detailed filing data is available for this year.$69.4$21.3$48.1$6.49$5.60$0.88
2018Detailed filing. Detailed filing data is available for this year.$70.1$22.4$47.7$4.47$5.64$1.17
2017Detailed filing. Detailed filing data is available for this year.$69.9$22.5$47.4$4.32$5.36$1.04
2016Detailed filing. Detailed filing data is available for this year.$71.1$20.6$50.5$1.93$5.58$3.65
2015Detailed filing. Detailed filing data is available for this year.$72.5$18.6$53.9$2.46$5.74$3.28
2014Detailed filing. Detailed filing data is available for this year.$78.0$17.5$60.5$8.33$5.69$2.64
2013Summary only. Only limited summary data is available for this year.$75.2$17.4$57.8$1.85$5.72$3.87
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$75.8$14.6$61.2$5.42
2011Summary only. Only limited summary data is available for this year.$78.5$10.6$67.9$3.04$7.01$3.98
2010Summary only. Only limited summary data is available for this year.$77.8$8.36$69.5$0.13$7.77$7.64
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.2
Gross Receipts
$22,000,670
Mission and Program Overview

Mission

SEE SCHEDULE 0.

Previously provided integrated curriculum challenging students to respond to many levels of learning. Currently winding down operations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$62,445,080$0▼ $62,445,080
Loans From Officers Directors$19,769,863$0▼ $19,769,863
Pledges and Grants Receivable$2,000,000$0▼ $2,000,000
Savings and Temporary Cash Investments$2,328$339,994▲ $337,666
Accounts Receivable$204,867$0▼ $204,867
Prepaid Expenses and Deferred Charges$108,614$0▼ $108,614
Cash and Non-Interest-Bearing Accounts$1,488,379$7,160▼ $1,481,219
Intangible Assets$2,810$0▼ $2,810
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Total Assets$66,252,078$347,154▼ $65,904,924
Other Assets Total$0$0→ $0
Liabilities
Deferred Revenue$1,380,278$0▼ $1,380,278
Accounts Payable and Accrued Expenses$127,935$0▼ $127,935
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$21,278,076$0▼ $21,278,076
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,500,000$0▼ $2,500,000
Net Assets Without Donor Restrictions$42,474,002$347,153▼ $42,126,849
Total Net Assets Fund Balance$44,974,002$347,153▼ $44,626,849
Total Liabilities and Net Assets / Fund Balance$66,252,078$347,153▼ $65,904,925

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$500,000--$500,000$0
2023$500,000---$500,000
2022$500,000---$500,000
2021$500,000---$500,000
2020$500,000---$500,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
Stephanie G SperlingTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$5,241,862
Program Service Revenue
$0
Investment Income
$-18,812,723
Other Revenue
$0
All Other Contributions
$5,241,862
Change in Net Assets
$-13,758,307
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$187,446
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$187,446--$187,446
Total Functional Expenses$187,446$0$0$187,446
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
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
Loans from Officers, Directors, Trustees, and Key Employees$19,769,863$0▼ $19,769,863
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Other officer compensation reviewed
No
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, SECTION A, LINE 8A:

The trust's governing body is one sole trustee, and all actions of the trust are taken by the sole trustee. There are no committees with authority to act on behalf of the sole trustee. Any change to the policies described in form 990, part vi, section b will be done at the written action of the sole trustee.

FORM 990, PART VI, SECTION A, LINE 8B:

There are no committees with authority to act on behalf of the sole trustee.

FORM 990, PART VI, SECTION B, LINE 11B:

A draft of the 990 is provided to the trustee and the organization's legal counsel for review. Upon approval, the returns are finalized.

FORM 990, PART VI, SECTION B, LINE 12C:

Each trustee, principal officer and member of a committee with governing board delegated powers annually signs a statement which affirms such person has received a copy of the conflict of interest policy, has read and understands the policy, has agreed to comply with the policy, and understands the organization is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes. If the governing board has reasonable cause to believe a member has failed to disclose actual or possible conflicts of interest, it shall inform the member of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose. If, after hearing the member's response and after making further investigation as warranted by the circumstances, the governing board determines the member has failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action.

FORM 990, PART VI, SECTION C, LINE 19:

The governing documents, conflict of interest policy and financial statements are not made available to the public.

Filing and Contact Details

Filer

Filer Name
San Roque School Charitable Trust
EIN
71-6194026
In Care Of
% NAOMI DEWEY
Phone
8059620011
Address
21 E Carrillo Street Suite Ste 130, SANTA BARBARA, CA 93101

Signing Officer

Name
Stephanie Sperling
Title
Trustee
Phone
6023648000
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephanie Sperling
Formed
2002
Legal Domicile
CA
Voting Board Members
1
Independent Board Members
0
Employees
0

Preparer

Firm
PwC US Tax LLP
Address
4300 E CAMELBACK RD STE 475, PHOENIX, AZ 85018
Preparer
Chad Thurston
Phone
6023648000
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 1 Organization'S Mission:

The san roque school has begun winding down operations. The san roque school charitable trust operated san roque school, dba garden street academy, a fully-western association of schools and colleges accredited k-12 school. San roque school was established in the 1930s and the san roque charitable trust took over its operation in 2002.

SECTION 1.263(A)-1(F) DE MINIMIS SAFE HARBOR ELECTION:

San roque school charitable trust 21 e. Carrillo street ste 130, santa barbara, ca 93101 employer identification number 71-6194026 for the year ending december 31, 2025. San roque school charitable trust dba garden streen academy is making the de minimus safe harbor election under reg. Sec. 1.263(a)-1(f).

FORM 990, PART III, LINE 3:

San Roque School Charitable Trust has ceased conducting activity. The San Roque School Charitable Trust has sold the school so that the trust can be dissolved.

Financial Statement Notes

Schedule D, Part X, Fin 48 Footnote

The organization's financial statements were not prepared by an outside accountant, therefore, no tax position footnote was prepared.

Raw XML Appendix396 raw XML fields

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

Path#Value
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IRS990/CYContributionsGrantsAmt05241862
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S FINANCIAL STATEMENTS WERE NOT PREPARED BY AN OUTSIDE ACCOUNTANT, THEREFORE, NO TAX POSITION FOOTNOTE WAS PREPARED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PART X, FIN 48 FOOTNOTE
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0NOTICE OF NONDISCRIMINATION POLICY AS TO STUDENTS IS PUBLISHED ON THE SCHOOL'S WEBSITE.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART 1, LINE 3
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IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0Land and Building at 2300 Garden Street
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IRS990ScheduleN/DispositionOfAssetsDetail/IRCSectionTxt0LLC
IRS990ScheduleN/DispositionOfAssetsDetail/MethodOfFMVDeterminationTxt0PURCHASE PRICE
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IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/CityNm0Santa Barbara
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE SAN ROQUE SCHOOL HAS BEGUN WINDING DOWN OPERATIONS. THE SAN ROQUE SCHOOL CHARITABLE TRUST OPERATED SAN ROQUE SCHOOL, DBA GARDEN STREET ACADEMY, A FULLY-WESTERN ASSOCIATION OF SCHOOLS AND COLLEGES ACCREDITED K-12 SCHOOL. SAN ROQUE SCHOOL WAS ESTABLISHED IN THE 1930S AND THE SAN ROQUE CHARITABLE TRUST TOOK OVER ITS OPERATION IN 2002.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE TRUST'S GOVERNING BODY IS ONE SOLE TRUSTEE, AND ALL ACTIONS OF THE TRUST ARE TAKEN BY THE SOLE TRUSTEE. THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE SOLE TRUSTEE. ANY CHANGE TO THE POLICIES DESCRIBED IN FORM 990, PART VI, SECTION B WILL BE DONE AT THE WRITTEN ACTION OF THE SOLE TRUSTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE SOLE TRUSTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A DRAFT OF THE 990 IS PROVIDED TO THE TRUSTEE AND THE ORGANIZATION'S LEGAL COUNSEL FOR REVIEW. UPON APPROVAL, THE RETURNS ARE FINALIZED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4EACH TRUSTEE, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS ANNUALLY SIGNS A STATEMENT WHICH AFFIRMS SUCH PERSON HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, HAS READ AND UNDERSTANDS THE POLICY, HAS AGREED TO COMPLY WITH THE POLICY, AND UNDERSTANDS THE ORGANIZATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. IF THE GOVERNING BOARD HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE MEMBER'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE GOVERNING BOARD DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6SAN ROQUE SCHOOL CHARITABLE TRUST 21 E. CARRILLO STREET STE 130, SANTA BARBARA, CA 93101 EMPLOYER IDENTIFICATION NUMBER 71-6194026 FOR THE YEAR ENDING DECEMBER 31, 2025. SAN ROQUE SCHOOL CHARITABLE TRUST DBA GARDEN STREEN ACADEMY IS MAKING THE DE MINIMUS SAFE HARBOR ELECTION UNDER REG. SEC. 1.263(A)-1(F).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7San Roque School Charitable Trust has ceased conducting activity. The San Roque School Charitable Trust has sold the school so that the trust can be dissolved.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 1 Organization's Mission:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8A:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 8B:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6SECTION 1.263(A)-1(F) DE MINIMIS SAFE HARBOR ELECTION:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART III, LINE 3:
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04300 E CAMELBACK RD STE 475
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ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHAD THURSTON
ReturnHeader/ReturnTs02025-11-17T16:02:55-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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