Civic Intelligence

Dunn School

990 • Fiscal year 2020 • EIN 95-1909237

Jul 01, 2019 to Jun 30, 2020 • Filed on Jan 13, 2021

PO Box 98Los Olivos, CA 93441

(805) 688-6471

Siviq Scores

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

Liabilities / Assets

59th percentile

0.37x

Higher debt load relative to assets than 59% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Liabilities / Revenue

67th percentile

0.67x

Higher debt load relative to revenue than 67% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Net Margin

31st percentile

-0.7%

Higher net margin than 31% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Top Officer Pay

61st percentile

$293,962

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 2.1% of source-year revenue.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Asset Growth

18th percentile

-1.9%

Faster asset growth than 18% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Revenue Growth

47th percentile

1.8%

Faster revenue growth than 47% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Assets

Down

$25,203,428

Down $501,077 (-1.9%) from 2019

Net Assets

Down

$15,885,694

Down $99,340 (-0.6%) from 2019

Liabilities

Down

$9,317,734

Down $401,737 (-4.1%) from 2019

Revenue

Up

$13,975,094

Up $240,549 (+1.8%) from 2019

Expenses

Up

$14,074,434

Up $840,820 (+6.4%) from 2019

Net Income

Down

-$99,340

Down $600,271 (-120%) from 2019

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2010: $11,622,085Liabilities 2010: $6,425,004Net Assets 2010: $5,197,0812010Assets 2012: $13,261,553Liabilities 2012: $5,457,986Net Assets 2012: $7,803,5672012Assets 2013: $13,014,784Liabilities 2013: $5,363,249Net Assets 2013: $7,651,5352013Assets 2014: $15,233,160Liabilities 2014: $4,863,459Net Assets 2014: $10,369,7012014Assets 2015: $15,986,258Liabilities 2015: $5,322,714Net Assets 2015: $10,663,5442015Assets 2016: $17,538,615Liabilities 2016: $5,272,619Net Assets 2016: $12,265,9962016Assets 2017: $17,371,605Liabilities 2017: $3,499,785Net Assets 2017: $13,871,8202017Assets 2018: $19,442,463Liabilities 2018: $3,948,360Net Assets 2018: $15,494,1032018Assets 2019: $25,704,505Liabilities 2019: $9,719,471Net Assets 2019: $15,985,0342019Assets 2020: $25,203,428Liabilities 2020: $9,317,734Net Assets 2020: $15,885,6942020Assets 2021: $28,867,050Liabilities 2021: $10,328,913Net Assets 2021: $18,538,1372021Assets 2022: $25,503,734Liabilities 2022: $8,543,488Net Assets 2022: $16,960,2462022Assets 2023: $24,044,084Liabilities 2023: $8,327,635Net Assets 2023: $15,716,4492023

Highlighted filing

2020

Assets$25,203,428
Liabilities$9,317,734
Net Assets$15,885,694

Operations Trend

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

$20M$15M$10M$5.0M$0-$5.0MExpenses 2010: $8,006,3202010Expenses 2012: $8,372,6202012Expenses 2013: $9,113,1352013Revenue 2014: $12,507,760Expenses 2014: $10,194,791Net Income 2014: $2,312,9692014Revenue 2015: $10,414,827Expenses 2015: $10,154,460Net Income 2015: $260,3672015Revenue 2016: $12,615,178Expenses 2016: $11,248,101Net Income 2016: $1,367,0772016Revenue 2017: $13,727,602Expenses 2017: $12,079,482Net Income 2017: $1,648,1202017Revenue 2018: $14,272,101Expenses 2018: $12,649,818Net Income 2018: $1,622,2832018Revenue 2019: $13,734,545Expenses 2019: $13,233,614Net Income 2019: $500,9312019Revenue 2020: $13,975,094Expenses 2020: $14,074,434Net Income 2020: -$99,3402020Revenue 2021: $15,565,883Expenses 2021: $12,913,440Net Income 2021: $2,652,4432021Revenue 2022: $14,255,892Expenses 2022: $15,833,783Net Income 2022: -$1,577,8912022Revenue 2023: $15,685,913Expenses 2023: $16,929,710Net Income 2023: -$1,243,7972023

Highlighted filing

2020

Revenue$13,975,094
Expenses$14,074,434
Net Income-$99,340
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Jan 13, 2021
Return Version
2019v5.0
Gross Receipts
$14,001,075
Mission and Program Overview

Mission

The mission of the dunn school community is to educate the whole student to his or her fullest potential in preparation for a life of learning and leadership in society. The school accomplishes this mission by operating a 6-12th grade boarding and day school, which prepares students for a rigorous college curriculum.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$9,240,528$12,382,829▲ $3,142,301
Investments in Publicly Traded Securities$7,600,753$9,369,458▲ $1,768,705
Savings and Temporary Cash Investments$7,159,178$2,342,274▼ $4,816,904
Pledges and Grants Receivable$1,364,510$746,914▼ $617,596
Prepaid Expenses and Deferred Charges$310,032$360,149▲ $50,117
Accounts Receivable$29,504$1,804▼ $27,700
Cash and Non-Interest-Bearing Accounts-$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$25,704,505$25,203,428▼ $501,077
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,069,353$7,134,857▲ $1,065,504
Deferred Revenue$2,581,128$1,513,460▼ $1,067,668
Accounts Payable and Accrued Expenses$939,429$581,102▼ $358,327
Other Liabilities$129,561$88,315▼ $41,246
Total Liabilities$9,719,471$9,317,734▼ $401,737
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,392,048$8,269,663▲ $2,877,615
Net Assets With Donor Restrictions$10,592,986$7,616,031▼ $2,976,955
Total Net Assets Fund Balance$15,985,034$15,885,694▼ $99,340
Total Liabilities and Net Assets / Fund Balance$25,704,505$25,203,428▼ $501,077

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$11,016,329$11,215,320-
Other Land Buildings$390,972--
Land$332,547--
Equipment$319,609$437,401-
Leasehold Improvements$323,372$421,320-

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$7,552,914$1,864,156▲ $132,617-$9,319,912
2018$6,417,716$909,362▲ $461,657-$7,552,914
2017$6,047,795$48,268▲ $510,953-$6,417,716
2016$5,557,068$63,799▲ $612,591-$6,047,795
2015$5,540,947$62,963▲ $132,487-$5,557,068
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael C BeckHead of SchoolFT$229,453$64,509$293,962
Chad StacyCFOFT$119,809$46,916$166,725
Gene VachonAssoc Head of SchFT$106,471$45,915$152,386

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Allen ConstructionConstruction201 N MILPAS STREET, Santa Barbara, CA 93101$2,943,936
Flik Independent School DiningFood Service ProgramPO BOX 50196, Los Angeles, CA 90074$749,861
Jd Humann LandscapeLandscaping ServicesPO BOX 2205, Santa Maria, CA 93457$334,541
Avila Builders INCGc Svcs-small Projects616 EUCALYPTUS AVE, Santa Barbara, CA 93101$200,633
Synergetik Brighten SolarSolar panel installation5380 OVERPASS RD SUITE 8, Santa Barbara, CA 93411$184,946
Revenue and Support

Revenue Composition

Contributions and Grants
$893,811
Program Service Revenue
$12,788,227
Investment Income
$192,607
Other Revenue
$100,449
All Other Contributions
$893,811
Change in Net Assets
$-99,340

Audited Revenue Reconciliation

Revenue per Audited Statements
$13,975,094
Revenue Not Reported on Form 990
$-3,550,148
Total Revenue per Audited Statements
$10,424,946
Total Revenue per Form 990
$13,975,094
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,556,002
Other Expenses$4,968,284
Grants and Similar Amounts Paid$3,550,148
Total Fundraising Expense$338,688
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,034,840$470,488$81,617$3,586,945
Grants to Domestic Individuals$2,956,456--$2,956,456
Occupancy$1,291,348$4,007$965$1,296,320
Other Employee Benefits$645,149$210,755$70,989$926,893
All Other Expenses$401,793$334,388$15,907$752,088
Foreign Grants$593,692--$593,692
Depreciation Depletion$576,713--$576,713
Current Officers, Directors, Trustees, and Key Employees-$336,301$124,386$460,687
Insurance$331,056$25,220$6,075$362,351
Interest$336,518--$336,518
Payroll Taxes$252,145$53,572$13,675$319,392
Pension Plan Contributions$194,129$58,604$9,352$262,085
Other Expenses$171,785$27,437$6,607$205,829
Travel$58,897$8,912$7,350$75,159
Office Expenses$53,021$6,228$1,500$60,749
Fees for Services Legal-$48,555-$48,555
Advertising$16,931--$16,931
Fees for Services Other-$13,525-$13,525
Fees for Services Management-$9,000-$9,000
Fees for Service Investment Mgmnt Fees-$4,576-$4,576
Total Functional Expenses$12,123,079$1,612,667$338,688$14,074,434

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$14,074,434
Total Expenses per Form 990$14,074,434
Total Expenses per Audited Statements$10,524,286
Expenses Not Reported on Form 990$-3,550,148
International Activity

International Summary

Spending
$19,000

International Compliance

Foreign grant records maintained
Yes
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
AsiaProgram ServicesRecruit students00$10,400
EuropeProgram ServicesRecruit students00$8,600
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$103,293
Fundraising Direct Expenses$25,981
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Denim and Diamonds$103,293$103,293$25,981$77,312
Total Events$103,293$103,293$25,981$77,312
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

Other Reported Liabilities

LiabilityAmount
Deposits$88,315

Bond Issues

BondIssuerIssuedIssue PricePurpose
ACA Enterprise Dev Auth2017-06-01$6,100,000Capital Improvements

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$6,100,000--$167,784
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

A copy of the irs form 990 is distributed to the finance committee of the board of trustees for their review and approval prior to filing. The committee discussion and vote is documented in the minutes.

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

Annually, the board of trustees, officers, and key employees are provided a copy of the school's conflict of interest policy and are asked to complete a written form declaring any such conflicts. The executive committee of the board of trustees collects and analyzes these disclosures and takes appropriate action, which may include: trustee recuses him/herself during discussion and vote on topic where conflict exists, independent competing bids are obtained prior to doing business with trustee, and other steps as necessary.

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

The compensation for the head of school is reviewed annually by the executive committee of the board of trustees. The board uses comparative data, achievement of goals, performance of the school, and salary benchmarking data from various sources to determine compensation. Compensation of other key employees is reviewed by the head of school using benchmarked salary data available from nais and cais.

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

Governing documents and board policies are made available to all board members as part of the board handbook. The public may request these documents.

Filing and Contact Details

Filer

Filer Name
Dunn School
EIN
95-1909237
Phone
8056886471
Address
PO BOX 98, LOS OLIVOS, CA 93441

Signing Officer

Name
Chad Stacy
Title
Director of Finance
Signed
2021-01-13
Discuss with paid preparer
Yes

Organization Details

Formed
1957
Legal Domicile
CA
Voting Board Members
19
Independent Board Members
19
Employees
134
Volunteers
50

Preparer

Firm
Moss Levy & Hartzheim LLP
Address
2400 Professional Parkway Suite 205, Santa Maria, CA 93455
Preparer
Ron Levy CPA
Phone
8059252579
Supplemental Narrative

Financial Statement Notes

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

The purpose of the Dunn School Endowment is to support the institution in perpetuity by providing a steady stream of income to support general needs of the school,certain programs,and student scholarship and faculty support.

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IRS990/Form990PartVIISectionAGrp/PersonNm6Jim Chomeau
IRS990/Form990PartVIISectionAGrp/PersonNm7Dave Nelson
IRS990/Form990PartVIISectionAGrp/PersonNm8Whitney Arnautou
IRS990/Form990PartVIISectionAGrp/PersonNm9Jay Conger
IRS990/Form990PartVIISectionAGrp/PersonNm10Don Daves-Rougeaux
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IRS990/Form990PartVIISectionAGrp/PersonNm13CJ Jackson
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IRS990/Form990PartVIISectionAGrp/PersonNm15Kathleen Marshall
IRS990/Form990PartVIISectionAGrp/PersonNm16Justin Ching
IRS990/Form990PartVIISectionAGrp/PersonNm17Morton Sullivan
IRS990/Form990PartVIISectionAGrp/PersonNm18Gladdys Uribe
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Head of School
IRS990/Form990PartVIISectionAGrp/TitleTxt1CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt2Assoc Head of Sch
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt4Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt5Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt6Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt7Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt8Trustee
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IRS990/Form990PartVIISectionAGrp/TitleTxt10Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt11Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt12Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt13Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt14Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt15Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt16Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt17Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt18Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt19Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt20Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt21Trustee
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IRS990/FormationYr01957
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IRS990/MissionDesc0THE MISSION OF THE DUNN SCHOOL COMMUNITY IS TO EDUCATE THE WHOLE STUDENT TO HIS OR HER FULLEST POTENTIAL IN PREPARATION FOR A LIFE OF LEARNING AND LEADERSHIP IN SOCIETY. THE SCHOOL ACCOMPLISHES THIS MISSION BY OPERATING A 6-12TH GRADE BOARDING AND DAY SCHOOL, WHICH PREPARES STUDENTS FOR A RIGOROUS COLLEGE CURRICULUM.
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$24.0$8.33$15.7$15.7$16.9$1.24
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$25.5$8.54$17.0$14.3$15.8$1.58
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$28.9$10.3$18.5$15.6$12.9$2.65
2020Detailed filing. Detailed filing data is available for this year.$25.2$9.32$15.9$14.0$14.1$0.10
2019Summary only. Only limited summary data is available for this year.$25.7$9.72$16.0$13.7$13.2$0.50
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.4$3.95$15.5$14.3$12.6$1.62
2017Summary only. Only limited summary data is available for this year.$17.4$3.50$13.9$13.7$12.1$1.65
2016Detailed filing. Detailed filing data is available for this year.$17.5$5.27$12.3$12.6$11.2$1.37
2015Summary only. Only limited summary data is available for this year.$16.0$5.32$10.7$10.4$10.2$0.26
2014Detailed filing. Detailed filing data is available for this year.$15.2$4.86$10.4$12.5$10.2$2.31
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.0$5.36$7.65$9.11
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.3$5.46$7.80$8.37
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.6$6.43$5.20$8.01