Civic Intelligence

Pacific Ridge School

990 • Fiscal year 2024 • EIN 86-1061606

Jul 01, 2023 to Jun 30, 2024 • Filed on Jan 15, 2025

Refreshing map…

6269 El Fuerte StreetCarlsbad, CA 92009

(760) 448-9820

Siviq Scores

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

Liabilities / Assets

77th percentile

0.59x

Higher debt load relative to assets than 77% of similar nonprofits.

2024 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

82nd percentile

1.49x

Higher debt load relative to revenue than 82% of similar nonprofits.

2024 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2024

Net Margin

57th percentile

7.1%

Higher net margin than 57% of similar nonprofits.

2024 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

69th percentile

$501,100

Higher top officer pay than 69% of similar nonprofits.

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

2024 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2024

Asset Growth

36th percentile

2.8%

Faster asset growth than 36% of similar nonprofits.

2024 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

52nd percentile

9.8%

Faster revenue growth than 52% of similar nonprofits.

2024 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Assets

Up

$87,096,425

Up $2,393,026 (+2.8%) from 2023

Net Assets

Up

$36,120,581

Up $2,642,194 (+7.9%) from 2023

Liabilities

Down

$50,975,844

Down $249,168 (-0.5%) from 2023

Revenue

Up

$34,281,981

Up $3,062,272 (+9.8%) from 2023

Expenses

Up

$31,835,115

Up $1,945,069 (+6.5%) from 2023

Net Income

Up

$2,446,866

Up $1,117,203 (+84%) from 2023

Historical Trend

Balance Sheet Trend

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

$100M$50M$0Assets 2011: $51,374,494Liabilities 2011: $36,495,967Net Assets 2011: $14,878,5272011Assets 2012: $53,120,058Liabilities 2012: $37,481,804Net Assets 2012: $15,638,2542012Assets 2013: $54,553,445Liabilities 2013: $38,710,128Net Assets 2013: $15,843,3172013Assets 2014: $72,069,213Liabilities 2014: $42,042,002Net Assets 2014: $30,027,2112014Assets 2015: $70,949,038Liabilities 2015: $43,128,806Net Assets 2015: $27,820,2322015Assets 2016: $71,065,812Liabilities 2016: $46,062,049Net Assets 2016: $25,003,7632016Assets 2017: $70,069,812Liabilities 2017: $45,381,125Net Assets 2017: $24,688,6872017Assets 2018: $70,025,982Liabilities 2018: $46,180,093Net Assets 2018: $23,845,8892018Assets 2019: $69,857,180Liabilities 2019: $46,223,227Net Assets 2019: $23,633,9532019Assets 2020: $75,290,152Liabilities 2020: $47,687,019Net Assets 2020: $27,603,1332020Assets 2021: $73,838,912Liabilities 2021: $46,373,496Net Assets 2021: $27,465,4162021Assets 2022: $81,051,804Liabilities 2022: $49,107,025Net Assets 2022: $31,944,7792022Assets 2023: $84,703,399Liabilities 2023: $51,225,012Net Assets 2023: $33,478,3872023Assets 2024: $87,096,425Liabilities 2024: $50,975,844Net Assets 2024: $36,120,5812024Assets 2025: $89,450,184Liabilities 2025: $50,708,185Net Assets 2025: $38,741,9992025

Highlighted filing

2024

Assets$87,096,425
Liabilities$50,975,844
Net Assets$36,120,581

Operations Trend

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

$40M$30M$20M$10M$0-$10MRevenue 2011: $18,942,129Expenses 2011: $14,137,870Net Income 2011: $4,804,2592011Revenue 2012: $17,044,377Expenses 2012: $16,284,129Net Income 2012: $760,2482012Revenue 2013: $18,587,103Expenses 2013: $18,382,040Net Income 2013: $205,0632013Revenue 2014: $33,986,717Expenses 2014: $19,802,823Net Income 2014: $14,183,8942014Revenue 2015: $18,947,263Expenses 2015: $21,154,241Net Income 2015: -$2,206,9782015Revenue 2016: $19,129,174Expenses 2016: $21,945,643Net Income 2016: -$2,816,4692016Revenue 2017: $22,835,120Expenses 2017: $23,138,356Net Income 2017: -$303,2362017Revenue 2018: $23,219,964Expenses 2018: $24,049,025Net Income 2018: -$829,0612018Revenue 2019: $24,557,701Expenses 2019: $24,688,538Net Income 2019: -$130,8372019Revenue 2020: $27,327,048Expenses 2020: $23,363,565Net Income 2020: $3,963,4832020Revenue 2021: $26,243,722Expenses 2021: $26,392,320Net Income 2021: -$148,5982021Revenue 2022: $32,688,837Expenses 2022: $28,102,522Net Income 2022: $4,586,3152022Revenue 2023: $31,219,709Expenses 2023: $29,890,046Net Income 2023: $1,329,6632023Revenue 2024: $34,281,981Expenses 2024: $31,835,115Net Income 2024: $2,446,8662024Revenue 2025: $34,724,881Expenses 2025: $33,099,290Net Income 2025: $1,625,5912025

Highlighted filing

2024

Revenue$34,281,981
Expenses$31,835,115
Net Income$2,446,866
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Jan 15, 2025
Return Version
2023v6.0
Gross Receipts
$52,296,506
Mission and Program Overview

Mission

In a community that fosters academic excellence, ethical responsibility and global engagement, pacific ridge school prepares students for college and a purposeful life.

Prepare 6th through 12th grade students for a purposeful life through academic excellence and... Prepare 6th through 12th grade students for a purposeful life through academic excellence and global engagement.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$49,585,157$47,711,702▼ $1,873,455
Investments in Publicly Traded Securities$12,947,622$14,101,025▲ $1,153,403
Savings and Temporary Cash Investments$10,116,100$11,643,884▲ $1,527,784
Accounts Receivable$8,027,054$8,640,135▲ $613,081
Pledges and Grants Receivable$3,474,533$2,774,141▼ $700,392
Cash and Non-Interest-Bearing Accounts$380,745$2,046,983▲ $1,666,238
Prepaid Expenses and Deferred Charges$172,188$178,555▲ $6,367
Total Assets$84,703,399$87,096,425▲ $2,393,026
Liabilities
Tax Exempt Bond Liabilities$25,438,053$24,768,665▼ $669,388
Deferred Revenue$23,277,112$23,348,037▲ $70,925
Accounts Payable and Accrued Expenses$2,487,042$2,857,191▲ $370,149
Mortgage Notes Payable Secured by Investment Property$22,805$1,951▼ $20,854
Total Liabilities$51,225,012$50,975,844▼ $249,168
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$30,617,300$33,938,208▲ $3,320,908
Net Assets With Donor Restrictions$2,861,087$2,182,373▼ $678,714
Total Net Assets Fund Balance$33,478,387$36,120,581▲ $2,642,194
Total Liabilities and Net Assets / Fund Balance$84,703,399$87,096,425▲ $2,393,026

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$33,970,969$19,194,120$53,165,089
Land$9,666,221-$9,666,221
Leasehold Improvements$1,869,451$6,121,042$7,990,493
Equipment$1,574,559$5,495,849$7,070,408
Other Land Buildings$630,502$10,150$640,652

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$2,976,032$1,508,404▲ $282,073$506,821$4,259,688
2022$2,279,949$575,533▲ $120,550-$2,976,032
2021$900,742$1,486,159▼ $106,952-$2,279,949
2020$881,273$1,000▲ $18,469-$900,742
2019-$878,370▲ $2,903-$881,273
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robert OgleHead of SchoolFT$411,904$89,196$501,100
Stephanie HollyChief Financial & Operations OfficerFT$266,385$26,871$293,256
Bray PeytonDirector of Auxillary ProgramsFT$191,947$28,629$220,576
William MaynardDirector of ItFT$181,673$23,040$204,713
John ComfortoAsst Head of School for AcademicsFT$170,992$27,062$198,054

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Faculty SolutionsJanitorial/security4849 RONSON COURT STE 111, Carlsbad, CA 92111, Ez$611,629
Millennium TravelGlobal Education Travel1805 MARION AVENUE, Novato, CA 94945$598,666
Arcc ProgramsGlobal Education Travel19800 VILLAGE CT STE 200, Bend, OR 97702$536,300
Cas Trips SroGlobal Education TravelPO BOX 462788, Escondido, CA 92046$242,192
Wess TransportationBus Transportation-$235,017
Revenue and Support

Revenue Composition

Contributions and Grants
$2,056,091
Program Service Revenue
$31,141,916
Investment Income
$890,962
Other Revenue
$193,012
All Other Contributions
$2,056,091
Change in Net Assets
$2,446,866

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded13$274,767Hi/low Average
Total Noncash Contributions13$274,767-

Audited Revenue Reconciliation

Revenue per Audited Statements
$27,924,594
Revenue Not Reported on Financial Statements
$6,357,387
Revenue Not Reported on Form 990
$195,328
Other Revenue Adjustments
$6,357,387
Total Revenue per Audited Statements
$28,119,922
Total Revenue per Form 990
$34,281,981
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$16,068,646
Other Expenses$10,682,660
Grants and Similar Amounts Paid$5,083,809
Total Fundraising Expense$914,017
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$11,254,879$597,572$484,951$12,337,402
Grants to Domestic Individuals$5,083,809--$5,083,809
Depreciation Depletion$2,525,068$47,292$11,888$2,584,248
Occupancy$1,411,335$26,429$6,643$1,444,407
Other Employee Benefits$1,191,445$77,034$44,094$1,312,573
Payroll Taxes$846,853$57,612$40,391$944,856
Pension Plan Contributions$674,603$39,227$32,697$746,527
Interest$715,335$13,397$3,368$732,100
Current Officers, Directors, Trustees, and Key Employees$310,367$288,376$128,545$727,288
Office Expenses$403,933$5,102$4,358$413,393
All Other Expenses$327,985$11,633$13,642$353,260
Insurance$292,280$6,477$3,210$301,967
Information Technology$294,173$2,295$2,638$299,106
Advertising$172,736-$122,135$294,871
Other Expenses$211,779--$211,779
Conferences and Meetings$98,930$43,556$15,129$157,615
Fees for Services Legal$9,159$45,675$328$55,162
Fees for Services Accounting-$47,310-$47,310
Travel$1,172$2,311-$3,483
Total Functional Expenses$29,609,800$1,311,298$914,017$31,835,115

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$31,835,115
Expenses per Audited Statements$23,247,671
Total Expenses per Audited Statements$23,247,671
Expenses Not Reported on Financial Statements$8,587,444
Other Expense Adjustments$8,587,444
Expenses Not Reported on Form 990$0
International Activity

International Summary

Offices
0
Employees
0
Spending
$355,066

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe (including Iceland & Greenland) - Albania, Andorra, Austria, BelgiumProgram ServicesGlobal Education00$293,087
Sub-saharan Africa - Angola, Benin, Botswana, Burkina Faso,Program ServicesGlobal Education00$48,980
North America - Canada and Mexico, But Not the United StatesProgram ServicesGlobal Education00$12,999
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Bond Issues

BondIssuerIssuedIssue PricePurpose
BCalifornia Enterprise Development Authority2020-09-30$21,625,300Refund prior issue 8/28/2013
CCalifornia Enterprise Development Authority2022-10-06$4,156,583Refund prior issues 7/28/2011; 01/26/2012
ACalifornia Enterprise Development Authority2011-07-28$3,333,333Campus expansion and refunding 7/28/2007

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
B$21,625,300---
C$4,156,583---
A$3,333,333-$670,391$12,111

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
Yes
Corrective action procedures
Yes
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, Part VI, Section B, Line 11B

Form 990 is prepared by an outside accounting firm. The audit committee reviews the 990 and approves it for distribution to the full board. Each board member receives a copy of the full 990 via email and is given a week to review and comment on the return before it is filed with the irs.

Form 990, Part VI, Section B, Line 12C

The controller/director of finance issues a questionnaire annually which asks each trustee if s/he has conflicts of interest. Each trustee must return the signed form confirming any or the lack of conflicts of interest. If there is a conflict of interest, the conflicted trustee would recuse him/herself from any discussions and/or votes on the matter.

Form 990, Part VI, Section B, Line 15

The board of trustees reviews the rebuttable presumption checklist for both the head of school and chief financial and operations officer each year. The report includes benchmarked compensation for each role based on peer schools per the national association of independent schools database. The head of school's compensation is determined by an existing contract with compensation rates that are already stipulated by year. While the annual salary of the chief financial and operations officer is set by the head of school, such salary level is also reviewed and acknowledged by the board of trustees. Board discussion and vote to approve are then taken.

Form 990, Part VI, Section C, Line 19

The school's articles of incorporation, bylaws, conflict of interest policy, and financial statements are made available to the public upon request. The school responds to all requests for documentation either by email or on-site viewing.

Filing and Contact Details

Filer

Filer Name
Pacific Ridge School
EIN
86-1061606
Phone
7604489820
Address
6269 EL FUERTE STREET, CARLSBAD, CA 92009

Signing Officer

Name
Stephanie Holly
Title
CFO/COO
Phone
7604489820
Signed
2025-01-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Ogle
Formed
2003
Legal Domicile
CA
Voting Board Members
21
Independent Board Members
21
Employees
223
Volunteers
80

Preparer

Firm
Cbiz Advisors LLC
Address
4722 N 24TH ST STE 300, PHOENIX, AZ 85016
Preparer
AMY A O'LOUGHLIN
Phone
6022646835
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

The endowments are designated to support the opportunity grant program, capital requirements and various operational needs of the school.

PART X, LINE 2:

The school is exempt from income taxes under internal revenue code section 501(c)(3) and section 23701(d) of the california revenue and taxation code. At june 30, 2024, the federal statute of limitations remains open for the 2021 through 2024 tax years. The statute of limitations for the state income tax returns remains open for the 2020 through 2024 tax years.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Investment income 1,088,329. Financial assistance net with revenues in financial statements 5,013,989. Bad debt expense net with revenues in financial statements 164,767. Parent association expenses net with revenues in financial statements 92,341. Loss on disposal of property and equipment -2,039.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Depreciation and amortization separately stated in financial statements 2,584,247. Interest expense separately stated in financial statements 732,100. Financial assistance net with revenues in financial statements 5,013,989. Bad debt expense net with revenues in financial statements 164,767. Parent association expenses net with revenues in financial statements 92,341.

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IRS990/Desc0IN THE 2023-2024 ACADEMIC YEAR, PACIFIC RIDGE SCHOOL INCREASED ENROLLMENT TO 688 STUDENTS IN GRADES 6-12 FROM 685 STUDENTS IN THE 2022-2023 ACADEMIC YEAR. SCHOOL LEADERSHIP RECOGNIZES THE VALUE TO STUDENTS OF COMBINING FIRST-RATE CLASSROOM ACADEMICS WITH SERVICE LEARNING AND GLOBAL TRAVEL OPPORTUNITIES, THE ARTS, SCIENCES, AND ATHLETIC PARTICIPATION.STUDENTS AT PACIFIC RIDGE BENEFIT FROM ENGAGING AROUND A HARKNESS TABLE WITH THEIR PEERS AND TEACHER IN CLASSES AVERAGING 15 STUDENTS. FACULTY BRING A WEALTH OF EXPERIENCE, PASSION, AND GLOBAL PERSPECTIVE TO THE CLASSROOM EVERY DAY. OVER 75% OF OUR FACULTY HOLD ADVANCED DEGREES AND AN AVERAGE 7:1 STUDENT-TO-TEACHER RATIO SUPPORTS COMPREHENSION AND ADVANCEMENT. PARTICIPATION IN ONE OF THE SCHOOL'S 34 SERVICE-LEARNING GROUPS ENRICHES EACH STUDENT'S ACADEMIC EXPERIENCE, TEACHES CIVIC AND ETHICAL RESPONSIBILITY, AND STRENGTHENS COMMUNITIES FOR THE COMMON GOOD. BUILT INTO THE CURRICULUM, SERVICE LEARNING IS REQUIRED FOR STUDENTS IN GRADES 6-10. NEARLY 90% OF UPPERCLASSMEN CONTINUE WITH THE PROGRAM. BY EXPLORING DIFFERENT CULTURES, EMBRACING THE UNFAMILIAR, AND ATTEMPTING TO HELP THOSE OUTSIDE OF OUR COMMUNITY, OUR STUDENTS BECOME GLOBAL CITIZENS INTENT ON MAKING A DIFFERENCE. SINCE THE SCHOOL'S INCEPTION, PACIFIC RIDGE STUDENTS HAVE TRAVELED TO OVER 58 COUNTRIES ON 6 CONTINENTS. PACIFIC RIDGE OFFERS 37 UPPER SCHOOL ARTS ELECTIVES INCLUDING PHOTOGRAPHY, FILMMAKING, MUSIC, SINGING, THEATER, GRAPHIC DESIGN, STUDIO ARTS, AND DANCE. PACIFIC RIDGE OFFERS 54 ATHLETIC TEAMS, LED BY PASSIONATE COACHES AND STAFF. OUR STUDENT-ATHLETES LEARN THE SPIRIT OF COMPETITION AND THE VALUE OF SPORTSMANSHIP WHILE PURSUING EXCELLENCE ON AND OFF THE FIELD. WITH OVER 90 ACADEMIC AND ENRICHMENT CLUBS, STUDENTS HAVE THE ABILITY TO SHARE THEIR TALENTS, BROADEN THEIR INTERESTS, AND DEVELOP THEIR LEADERSHIP SKILLS. WHILE TUITION ENSURES AN EXCEPTIONAL EDUCATION, IT IS THROUGH PHILANTHROPY THAT WE ARE ABLE TO GO ABOVE AND BEYOND - PROVIDING THE EXTRAORDINARY EXPERIENCES THAT ALLOW OUR STUDENTS TO FULFILL THEIR GREATEST POTENTIAL, BOTH IN COLLEGE AND IN LIFE AFTERWARDS.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
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IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt19TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt20TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt21HEAD OF SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt22CHIEF FINANCIAL & OPERATIONS OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR OF AUXILLARY PROGRAMS
IRS990/Form990PartVIISectionAGrp/TitleTxt24ASST HEAD OF SCHOOL FOR ACADEMICS
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR OF IT
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IRS990/MissionDesc0IN A COMMUNITY THAT FOSTERS ACADEMIC EXCELLENCE, ETHICAL RESPONSIBILITY AND GLOBAL ENGAGEMENT, PACIFIC RIDGE SCHOOL PREPARES STUDENTS FOR COLLEGE AND A PURPOSEFUL LIFE.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$89.5$50.7$38.7$34.7$33.1$1.63
2024Detailed filing. Detailed filing data is available for this year.$87.1$51.0$36.1$34.3$31.8$2.45
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$84.7$51.2$33.5$31.2$29.9$1.33
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$81.1$49.1$31.9$32.7$28.1$4.59
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$73.8$46.4$27.5$26.2$26.4$0.15
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$75.3$47.7$27.6$27.3$23.4$3.96
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$69.9$46.2$23.6$24.6$24.7$0.13
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$70.0$46.2$23.8$23.2$24.0$0.83
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$70.1$45.4$24.7$22.8$23.1$0.30
2016Detailed filing. Detailed filing data is available for this year.$71.1$46.1$25.0$19.1$21.9$2.82
2015Detailed filing. Detailed filing data is available for this year.$70.9$43.1$27.8$18.9$21.2$2.21
2014Detailed filing. Detailed filing data is available for this year.$72.1$42.0$30.0$34.0$19.8$14.2
2013Summary only. Only limited summary data is available for this year.$54.6$38.7$15.8$18.6$18.4$0.21
2012Summary only. Only limited summary data is available for this year.$53.1$37.5$15.6$17.0$16.3$0.76
2011Summary only. Only limited summary data is available for this year.$51.4$36.5$14.9$18.9$14.1$4.80