Civic Intelligence

The Gillispie School

990 • Fiscal year 2022 • EIN 95-1660834

Jul 01, 2021 to Jun 30, 2022 • Filed on Feb 23, 2023

7380 Girard AvenueLA Jolla, CA 92037

(858) 459-3773

Siviq Scores

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

Liabilities / Assets

68th percentile

0.41x

Higher debt load relative to assets than 68% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Liabilities / Revenue

80th percentile

1.22x

Higher debt load relative to revenue than 80% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Net Margin

67th percentile

16%

Higher net margin than 67% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Top Officer Pay

46th percentile

$236,621

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 2.4% of source-year revenue.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Asset Growth

49th percentile

-0.0%

Faster asset growth than 49% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Revenue Growth

75th percentile

23%

Faster revenue growth than 75% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Assets

Down

$29,636,791

Down $2,256 (-0.0%) from 2021

Net Assets

Up

$17,361,832

Up $806,844 (+4.9%) from 2021

Liabilities

Down

$12,274,959

Down $809,100 (-6.2%) from 2021

Revenue

Up

$10,024,756

Up $1,848,194 (+23%) from 2021

Expenses

Up

$8,459,446

Up $1,520,991 (+22%) from 2021

Net Income

Up

$1,565,310

Up $327,203 (+26%) from 2021

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2011: $16,582,233Liabilities 2011: $7,142,422Net Assets 2011: $9,439,8112011Assets 2012: $18,133,520Liabilities 2012: $7,209,855Net Assets 2012: $10,923,6652012Assets 2013: $18,594,237Liabilities 2013: $6,756,075Net Assets 2013: $11,838,1622013Assets 2014: $22,027,280Liabilities 2014: $9,739,409Net Assets 2014: $12,287,8712014Assets 2015: $21,575,143Liabilities 2015: $9,616,434Net Assets 2015: $11,958,7092015Assets 2016: $20,842,198Liabilities 2016: $9,262,015Net Assets 2016: $11,580,1832016Assets 2017: $20,664,839Liabilities 2017: $8,849,421Net Assets 2017: $11,815,4182017Assets 2018: $24,245,940Liabilities 2018: $12,268,369Net Assets 2018: $11,977,5712018Assets 2019: $26,364,647Liabilities 2019: $12,604,781Net Assets 2019: $13,759,8662019Assets 2020: $27,101,334Liabilities 2020: $12,609,878Net Assets 2020: $14,491,4562020Assets 2021: $29,639,047Liabilities 2021: $13,084,059Net Assets 2021: $16,554,9882021Assets 2022: $29,636,791Liabilities 2022: $12,274,959Net Assets 2022: $17,361,8322022Assets 2023: $30,836,389Liabilities 2023: $12,211,106Net Assets 2023: $18,625,2832023Assets 2024: $32,326,087Liabilities 2024: $11,786,063Net Assets 2024: $20,540,0242024Assets 2025: $34,814,779Liabilities 2025: $12,357,371Net Assets 2025: $22,457,4082025

Highlighted filing

2022

Assets$29,636,791
Liabilities$12,274,959
Net Assets$17,361,832

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2011: $5,501,3662011Expenses 2012: $5,187,3532012Expenses 2013: $5,483,4532013Revenue 2014: $5,752,072Expenses 2014: $5,755,841Net Income 2014: -$3,7692014Revenue 2015: $6,011,748Expenses 2015: $5,976,211Net Income 2015: $35,5372015Revenue 2016: $6,090,511Expenses 2016: $6,073,182Net Income 2016: $17,3292016Revenue 2017: $5,854,223Expenses 2017: $6,020,287Net Income 2017: -$166,0642017Revenue 2018: $6,444,783Expenses 2018: $6,372,615Net Income 2018: $72,1682018Revenue 2019: $8,550,208Expenses 2019: $6,848,153Net Income 2019: $1,702,0552019Revenue 2020: $7,888,775Expenses 2020: $7,123,642Net Income 2020: $765,1332020Revenue 2021: $8,176,562Expenses 2021: $6,938,455Net Income 2021: $1,238,1072021Revenue 2022: $10,024,756Expenses 2022: $8,459,446Net Income 2022: $1,565,3102022Revenue 2023: $9,185,890Expenses 2023: $8,270,189Net Income 2023: $915,7012023Revenue 2024: $10,176,737Expenses 2024: $8,859,513Net Income 2024: $1,317,2242024Revenue 2025: $10,997,878Expenses 2025: $9,500,762Net Income 2025: $1,497,1162025

Highlighted filing

2022

Revenue$10,024,756
Expenses$8,459,446
Net Income$1,565,310
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Feb 23, 2023
Return Version
2021v4.0
Gross Receipts
$11,621,611
Mission and Program Overview

Mission

Elementary & early childhood education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$18,671,240$18,935,168▲ $263,928
Cash and Non-Interest-Bearing Accounts$5,059,460$5,696,201▲ $636,741
Investments in Publicly Traded Securities$5,591,895$4,805,715▼ $786,180
Prepaid Expenses and Deferred Charges$132,349$127,784▼ $4,565
Pledges and Grants Receivable$180,198$70,659▼ $109,539
Accounts Receivable$3,905$1,264▼ $2,641
Savings and Temporary Cash Investments-$0-
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$29,639,047$29,636,791▼ $2,256
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$9,234,366$9,461,051▲ $226,685
Deferred Revenue$2,460,676$2,590,033▲ $129,357
Other Liabilities$922,733--
Accounts Payable and Accrued Expenses$466,284$223,875▼ $242,409
Total Liabilities$13,084,059$12,274,959▼ $809,100
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$10,252,768$12,220,318▲ $1,967,550
Net Assets With Donor Restrictions$6,302,220$5,141,514▼ $1,160,706
Total Net Assets Fund Balance$16,554,988$17,361,832▲ $806,844
Total Liabilities and Net Assets / Fund Balance$29,639,047$29,636,791▼ $2,256

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$10,531,723$5,214,999$15,746,722
Land$8,253,173-$8,253,173
Other Land Buildings$150,272$148,576$298,848
Equipment-$65,170$65,170

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$5,606,729-▼ $566,180-$4,817,651
2020$4,663,220-▲ $1,147,923-$5,606,729
2019$4,767,225-▲ $67,574-$4,663,220
2018$4,758,818-▲ $206,611-$4,767,225
2017$4,683,836-▲ $263,273-$4,758,818
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Judith a FlemingHead of SchoolFT$212,859$23,762$236,621
Carol BaranowskiDirector of FinanceFT$136,444$18,495$154,939
Debbie RodriguezDirector Adv & COM RelFT$105,325$20,558$125,883
Jonathan BluesteinAsst Head of SchFT$110,294$14,323$124,617
Chip EdwardsTeacherFT$101,648$15,624$117,272

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,750,790
Program Service Revenue
$7,750,610
Investment Income
$222,401
Other Revenue
$300,955
All Other Contributions
$821,557
Change in Net Assets
$1,565,310

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded3$38,088Fair Market Value (FMV)
Total Noncash Contributions3$38,088-

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,312,488
Revenue Not Reported on Financial Statements
$712,268
Revenue Not Reported on Form 990
$-657,482
Other Revenue Adjustments
$685,692
Total Revenue per Audited Statements
$8,655,006
Total Revenue per Form 990
$10,024,756
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,547,268
Other Expenses$2,226,486
Grants and Similar Amounts Paid$685,692
Total Fundraising Expense$242,264
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,704,424$253,637$154,306$4,112,367
Grants to Domestic Individuals$685,692--$685,692
Current Officers, Directors, Trustees, and Key Employees$433,016$29,508$18,253$480,777
Depreciation Depletion$429,701$15,354$2,916$447,971
Pension Plan Contributions$355,927$23,155$16,692$395,774
Payroll Taxes$321,487$20,915$15,078$357,480
Other Employee Benefits$180,646$11,752$8,472$200,870
Other Expenses$149,788$7,563$1,436$149,788
Fees for Services Other$101,633$28,822$3,951$134,406
Information Technology$91,860$26,050$3,571$121,481
Fees for Services Legal$82,229$23,319$3,197$108,745
Insurance$79,464$2,839$539$82,842
All Other Expenses$41,644$11,810$1,619$55,073
Fees for Service Investment Mgmnt Fees-$26,576-$26,576
Advertising$12,568$3,617$576$16,761
Total Functional Expenses$7,655,687$561,495$242,264$8,459,446

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$8,459,446
Total Expenses per Audited Statements$7,848,162
Expenses per Audited Statements$7,747,178
Expenses Not Reported on Financial Statements$712,268
Other Expense Adjustments$685,692
Expenses Not Reported on Form 990$100,984
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$335,896
Fundraising Direct Expenses$61,912
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$327,063$327,063$59,333$267,730
Spring Beer & Wine$8,833$8,833$2,579$6,254
Total Events$335,896$335,896$61,912$273,984
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-
Debt and Bond Financing

Bond Issues

BondIssuerIssuedIssue PricePurpose
ACA Enterprise Dev Auth2021-10-28$9,735,375REAL ESTATE PURCHASE

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$9,735,375$30,971$274,234$116,421

Bond Financing Compliance

Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
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, Line 11B: Form 990 Review Process

The director of finance and business operations reviews the form 990 and then circulates the public disclosure copy to the board of trustees. Due to privacy issues related to donations and the schedule b, the board has elected to review only the public disclosure copy. All trustees are asked to acknowledge receipt and review the return. Once they complete the review, they are asked to direct any questions or comments to the director of finance and business operations. Any necessary revisions are made by the preparing cpa firm and reviewed by the director of finance and business operations and board treasurer. The head of school signs the return when the review process is completed and the information is deemed accurate.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Trustees sign disclosure statements every year.

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

A committee determines the head of school's salary. Benchmarking statistics from the nais (national association of independent schools), dasl (data and analysis for school leadership), and cal isboa are used to compare salaries and benefits of independent schools with comparable demographics. The same method is used to determine key employees compensation.

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

All documents are made available through the business office or the board of trustees.

Filing and Contact Details

Filer

Filer Name
The Gillispie School
EIN
95-1660834
Phone
8584593773
Address
7380 GIRARD AVENUE, LA JOLLA, CA 92037

Signing Officer

Name
Judith a Fleming
Title
Head of School
Signed
2023-02-23
Discuss with paid preparer
Yes

Organization Details

Formed
1947
Legal Domicile
CA
Voting Board Members
17
Independent Board Members
17
Employees
85
Volunteers
17

Preparer

Firm
West Rhode & Roberts
Address
2741 4th Ave, San Diego, CA 92103
Preparer
Cheryl Rhode
Phone
6196155380
Supplemental Narrative

Financial Statement Notes

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

The school's endowment consists of funds established to help ensure the hiring and retention of excellent teachers and of long-term fiscal strength of the school.

Part X : FIN48 Footnote

The School, a California, not-for-profit corporation, is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code and Section 23701(d) of the State Revenue and Taxation Code. The Financial Accounting Standards Board (FASB) issued Accounting Standards Codification No. 740-10, Accounting for Uncertainties in Income Tax, which sets a minimum threshold for financial statement recognition of the benefit of a tax position taken or expected to be taken in a tax return. The School has reviewed its position for all open tax years and has determined that it has no uncertain tax positions requiring accrual or disclosure.

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

Special events expense $61912 rental expense $39072

Part XI, Line 4B: Other revenue amounts included on 990 but not included in F/S

FINANCIAL AID $685692

Part XII, Line 2D: Other expenses and losses per audited F/S

Special events expense $61912 rental expense $39072

Part XII, Line 4B: Other revenue amounts included on 990 but not included in F/S

FINANCIAL AID $685692

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IRS990/Form990PartVIISectionAGrp/TitleTxt0HEAD OF SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt1Dir of Finance
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIR ADV & COM REL
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IRS990/Form990PartVIISectionAGrp/TitleTxt5Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt6VP & Treasurer
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IRS990/Form990PartVIISectionAGrp/TitleTxt17Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt18Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt19Trustee
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IRS990/Form990PartVIISectionAGrp/TitleTxt21Trustee
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$34.8$12.4$22.5$11.0$9.50$1.50
2024Detailed filing. Detailed filing data is available for this year.$32.3$11.8$20.5$10.2$8.86$1.32
2023Detailed filing. Detailed filing data is available for this year.$30.8$12.2$18.6$9.19$8.27$0.92
2022Detailed filing. Detailed filing data is available for this year.$29.6$12.3$17.4$10.0$8.46$1.57
2021Detailed filing. Detailed filing data is available for this year.$29.6$13.1$16.6$8.18$6.94$1.24
2020Detailed filing. Detailed filing data is available for this year.$27.1$12.6$14.5$7.89$7.12$0.77
2019Detailed filing. Detailed filing data is available for this year.$26.4$12.6$13.8$8.55$6.85$1.70
2018Detailed filing. Detailed filing data is available for this year.$24.2$12.3$12.0$6.44$6.37$0.07
2017Detailed filing. Detailed filing data is available for this year.$20.7$8.85$11.8$5.85$6.02$0.17
2016Detailed filing. Detailed filing data is available for this year.$20.8$9.26$11.6$6.09$6.07$0.02
2015Detailed filing. Detailed filing data is available for this year.$21.6$9.62$12.0$6.01$5.98$0.04
2014Detailed filing. Detailed filing data is available for this year.$22.0$9.74$12.3$5.75$5.76$0.00
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.6$6.76$11.8$5.48
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.1$7.21$10.9$5.19
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.6$7.14$9.44$5.50
Peer Organizations

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