Civic Intelligence

Maranatha High School

EIN 95-2401932 • 501(c)3 • Pasadena, CA

Profile

Maranatha high school is a christ-centered, evangelical college preparatory school that celebrates the whole student by equipping hearts and minds to reflect god's glory through academics, as well as the arts, athletics, and service. We are a christian college-preparatory school of the highest caliber that develops and supports students as they seek and achieve excellence in their diverse interests and passions.

169 S St John AvePasadena, CA 91105

www.maranathahighschool.org

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.69x

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

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

Liabilities / Revenue

84th percentile

1.84x

Higher debt load relative to revenue than 84% of similar nonprofits.

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

Net Margin

46th percentile

3.2%

Higher net margin than 46% of similar nonprofits.

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

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

89th percentile

28%

Faster asset growth than 89% of similar nonprofits.

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

Revenue Growth

55th percentile

9.2%

Faster revenue growth than 55% of similar nonprofits.

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

Assets

Up

$50,631,759

Up $11,033,147 (+28%) from 2023

Liabilities

Up

$35,008,424

Up $10,289,868 (+42%) from 2023

Net Assets

Up

$15,623,335

Up $743,279 (+5.0%) from 2023

Revenue

Up

$18,983,075

Up $1,598,072 (+9.2%) from 2023

Expenses

Up

$18,383,751

Up $1,391,358 (+8.2%) from 2023

Net Income

Up

$599,324

Up $206,714 (+53%) from 2023

Trend Graphs

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2014: $37,938,236Liabilities 2014: $27,432,030Net Assets 2014: $10,506,2062014Assets 2015: $39,496,055Liabilities 2015: $29,231,576Net Assets 2015: $10,264,4792015Assets 2016: $40,248,104Liabilities 2016: $29,018,375Net Assets 2016: $11,229,7292016Assets 2017: $39,789,049Liabilities 2017: $27,977,706Net Assets 2017: $11,811,3432017Assets 2018: $39,632,178Liabilities 2018: $27,368,550Net Assets 2018: $12,263,6282018Assets 2019: $39,603,693Liabilities 2019: $27,150,213Net Assets 2019: $12,453,4802019Assets 2020: $37,751,450Liabilities 2020: $25,171,088Net Assets 2020: $12,580,3622020Assets 2021: $37,804,147Liabilities 2021: $24,668,631Net Assets 2021: $13,135,5162021Assets 2022: $38,306,499Liabilities 2022: $23,865,591Net Assets 2022: $14,440,9082022Assets 2023: $39,598,612Liabilities 2023: $24,718,556Net Assets 2023: $14,880,0562023Assets 2024: $50,631,759Liabilities 2024: $35,008,424Net Assets 2024: $15,623,3352024

Highlighted filing

2024

Assets$50,631,759
Liabilities$35,008,424
Net Assets$15,623,335

Operations Trend

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

$20M$15M$10M$5.0M$0-$5.0MRevenue 2014: $16,297,439Expenses 2014: $16,061,137Net Income 2014: $236,3022014Revenue 2015: $16,684,454Expenses 2015: $16,936,796Net Income 2015: -$252,3422015Revenue 2016: $17,511,780Expenses 2016: $16,546,024Net Income 2016: $965,7562016Revenue 2017: $16,415,245Expenses 2017: $15,843,524Net Income 2017: $571,7212017Revenue 2018: $16,299,457Expenses 2018: $15,852,555Net Income 2018: $446,9022018Revenue 2019: $16,563,434Expenses 2019: $16,397,251Net Income 2019: $166,1832019Revenue 2020: $16,120,959Expenses 2020: $15,951,824Net Income 2020: $169,1352020Revenue 2021: $15,687,230Expenses 2021: $15,269,216Net Income 2021: $418,0142021Revenue 2022: $17,820,579Expenses 2022: $16,191,439Net Income 2022: $1,629,1402022Revenue 2023: $17,385,003Expenses 2023: $16,992,393Net Income 2023: $392,6102023Revenue 2024: $18,983,075Expenses 2024: $18,383,751Net Income 2024: $599,3242024

Highlighted filing

2024

Revenue$18,983,075
Expenses$18,383,751
Net Income$599,324

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Sep 19, 2025
Return Version
2023v6.0
Gross Receipts
$27,198,445
Mission and Program Overview

Mission

Maranatha high school is a christ-centered, evangelical college preparatory school that celebrates the whole student by equipping hearts and minds to reflect god's glory through academics, as well as the arts, athletics, and service. We are a christian college-preparatory school of the highest caliber that develops and supports students as they seek and achieve excellence in their diverse interests and passions.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$28,449,159$28,125,461▼ $323,698
Accounts Receivable$306,937$8,244,627▲ $7,937,690
Savings and Temporary Cash Investments$8,555,660$5,042,698▼ $3,512,962
Investments Other Securities$709,945$4,674,029▲ $3,964,084
Cash and Non-Interest-Bearing Accounts$542,227$782,163▲ $239,936
Prepaid Expenses and Deferred Charges$484,037$445,478▼ $38,559
Pledges and Grants Receivable$240,230$112,748▼ $127,482
Total Assets$39,598,612$50,631,759▲ $11,033,147
Other Assets Total$310,417$3,204,555▲ $2,894,138
Liabilities
Tax Exempt Bond Liabilities$17,747,243$17,299,177▼ $448,066
Deferred Revenue$5,344,895$13,229,876▲ $7,884,981
Other Liabilities$343,295$3,229,485▲ $2,886,190
Accounts Payable and Accrued Expenses$1,283,123$1,249,886▼ $33,237
Total Liabilities$24,718,556$35,008,424▲ $10,289,868
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$13,561,508$13,896,981▲ $335,473
Net Assets With Donor Restrictions$1,318,548$1,726,354▲ $407,806
Total Net Assets Fund Balance$14,880,056$15,623,335▲ $743,279
Total Liabilities and Net Assets / Fund Balance$39,598,612$50,631,759▲ $11,033,147

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$9,750,927$9,421,870$19,172,797
Land$17,275,567-$17,275,567
Equipment$837,207$2,029,093$2,866,300
Other Land Buildings$257,629-$257,629
Leasehold Improvements$4,131$14,934$19,065
Other Assets Org$204,555--
Other Securities$4,674,029--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$1,121,750$3,579,721▲ $116,684-$4,818,155
2022$1,037,609$5,500▲ $78,641-$1,121,750
2021$1,112,258$6,500▼ $71,149-$1,037,609
2020$1,004,802$10,050▲ $111,006-$1,112,258
2019$1,011,077$1,800▼ $8,075-$1,004,802
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
John RouseHead of SchoolFT$246,119$73,703$319,822
Daniel NewkirkPrincipalFT$145,300$19,538$164,838
Lisa TomasonDirector of Business AffairsFT$132,550$23,289$155,839
Matt KetterlingAssociate DeanFT$121,937$16,730$138,667
Timothy ParentDirector of TechnologyFT$118,062$17,294$135,356
Geoff HurteDirector of Marketing/communicationsFT$108,884$16,499$125,383
Lori DiamondDirector of Human ResourcesFT$100,100$16,740$116,840

Board Members and Trustees

NameTitle
Cory IshdaChairman
Tim ReimersVice Chairman
Ada YehBoard Member
Benjamin ShinBoard Member
Bill ShuperBoard Member
Michael C BollenbacherSecretary
Don HaggstromTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Gha TechnologiesSecurity8998 E RAINTREE DR, Scottsdale, AZ 85260$179,438
Inquire By DesignEnglish Curriculum4146 WHITTLE AVE, Oakland, CA 94602$129,471
Sunwealth Project Pool 26Solar Ppa Agreement2067 MASSACHUSETTS AVE, Cambridge, MA 02140$107,281
Revenue and Support

Revenue Composition

Contributions and Grants
$1,165,159
Program Service Revenue
$17,670,634
Investment Income
$292,604
Other Revenue
$-145,322
All Other Contributions
$608,812
Change in Net Assets
$599,324

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
Other Non Cash Contri Table64$16,659Fair Market Value
Other Non Cash Contri Table4$13,192Fair Market Value
Other Non Cash Contri Table14$11,015Fair Market Value
Other Non Cash Contri Table2$5,265Fair Market Value
Clothing and Household Goods-$4,603Fair Market Value
Food Inventory8$853Fair Market Value
Collectibles3$200Fair Market Value
Total Noncash Contributions95$51,787-

Audited Revenue Reconciliation

Revenue per Audited Statements
$19,143,138
Revenue Not Reported on Financial Statements
$-160,063
Revenue Not Reported on Form 990
$-2,866,465
Other Revenue Adjustments
$-168,196
Total Revenue per Audited Statements
$16,276,673
Total Revenue per Form 990
$18,983,075
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$8,615,141
Other Expenses$6,758,190
Grants and Similar Amounts Paid$3,010,420
Total Fundraising Expense$411,978
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,178,382$1,474,645$56,280$6,709,307
Grants to Domestic Individuals$3,010,420--$3,010,420
Occupancy$881,772$226,095$22,610$1,130,477
Depreciation Depletion$765,394$196,255$19,625$981,274
Other Employee Benefits$463,270$131,687$4,259$599,216
Payroll Taxes$391,642$132,850$6,908$531,400
Current Officers, Directors, Trustees, and Key Employees$85,232$347,733$42,697$475,662
Interest$370,098$94,897$9,490$474,485
Insurance$285,332$73,162$7,316$365,810
All Other Expenses$247,238$11,173$92,888$351,299
Other Expenses$349,944$124,807$12,481$349,944
Pension Plan Contributions$230,832$66,871$1,853$299,556
Information Technology$166,821$42,775$4,277$213,873
Office Expenses$76,906$110,552$4,807$192,265
Conferences and Meetings$12,042$154,832$5,161$172,035
Advertising$22,331-$117,237$139,568
Fees for Services Accounting$3,950$50,791$1,693$56,434
Fees for Services Other$3,529$45,374$1,512$50,415
Fees for Services Legal$2,062$26,506$884$29,452
Fees for Service Investment Mgmnt Fees-$8,133-$8,133
Total Functional Expenses$14,640,086$3,331,687$411,978$18,383,751

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$18,383,751
Total Expenses per Audited Statements$15,533,394
Expenses per Audited Statements$15,365,198
Expenses Not Reported on Financial Statements$3,018,553
Other Expense Adjustments$3,010,420
Expenses Not Reported on Form 990$168,196
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$168,197
Fundraising Gross Income$22,875
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$579,222$22,875$34,248$-11,373
Total Events$579,222$22,875$168,197$-145,322
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Litigation Accrual$3,000,000
Other Liabilities$229,485

Bond Issues

BondIssuerIssuedIssue PricePurpose
ACalifornia Municipal Finance Authority2020-09-17$18,224,325Provide funds to refund a prior issue

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$18,224,325$18,089,350$790,299$134,975

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
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 A, Line 1A

The executive committee oversees general operations of the board; acts on behalf of the board during on-demand activities that occur between meetings if the full board cannot be convened. The executive committee is made up of five (5) members, including the chair and one person from each of the four (4) standing committees. The executive committee is not authorized to make decisions with respect to the following matters, dissolve the corporation, hire or fire the ceo, enter into contracts greater than $5,000 or sue another entity, make changes to a board-approved budget greater than $10,000, adopt or eliminate major programs, buy or sell property, amend the bylaws or make changes to the board procedure manual and change any policies the board determines must be changed only by the board.

Form 990, Part VI, Section B, Line 11B

The business affairs committee reviews and updates the 990, then forwards the recommended final 990 version to the full board of trustees for review prior to approval and filing.

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

There is a conflict of interest policy in the employee handbook that covers all employees regarding employment, conduct, gifts and off duty activities. The board of trustees has a conflict of interest policy that covers all trustees. Trustees of the board are to sign an annual document identifying and notifying the governing board of any possible conflict of interest. If a significant conflict is deemed to exist, remediation up to and including termination of employees and removal from board of trustee. The conflict of interest of employees are documented in employment file and conflict of interest with board of trustees s hall be discussed in the board meeting and documented in the minutes. All decisions and restrictions regarding conflicts of interest rest in the sole discretion of the board of trustees in the exercise of its ultimate judgment of the best interests of the corporation.

Form 990, Part VI, Section B, Line 15

The independent board compares compensation to other christian and non-christian schools and college-prep level schools when considering the compensation for the head of school. The independent board approves compensation, and this activity is recorded in the minutes. The head of school uses comparability data in setting the compensation of the director of business affairs and documents the decision/ process. The compensation is approved by the independent board through the annual budgeting process. The process is conducted for each hire of head of school, principal, and director of business affairs. Currently, john rouse is the head of school was reviewed in july 2022, timothy fenderson is principal was reviewed when promoted in july 2022, and lisa tomason is the director of business affairs was reviewed in december 2021.

Form 990, Part VI, Section C, Line 19

The documents are available upon request

Filing and Contact Details

Filer

Filer Name
Maranatha High School
EIN
95-2401932
Phone
6268174000
Address
169 S ST JOHN AVE, PASADENA, CA 91105

Signing Officer

Name
Lisa Tomason
Title
Director of Business Affairs
Phone
6268174000
Signed
2025-09-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lisa Tomason
Formed
1965
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
7
Employees
155
Volunteers
400

Preparer

Firm
Armanino Advisory LLC
Address
2700 CAMINO RAMON STE 350, SAN RAMON, CA 94583-5004
Preparer
Katy Brown
Phone
9257902600
Supplemental Narrative

Additional Explanations

FORM 990, PART XII LINE 2C:

The school did not change its oversight process or selection process during the year

Financial Statement Notes

PART V, LINE 4:

The school's endowment consists of three individual donor-restricted funds established for tuition assistance and a board-designated fund established to attract the children of ministerial, missionary and other full time christian professionals.

PART X, LINE 2:

The school is organized under the nonprofit religious corporation law exclusively for religious purposes and, therefore, is a qualified organization exempt from federal income and california franchise taxes under the provisions for sections 501(c)(3) of the internal revenue code and 23701d of the california revenue and taxation code. U.s. Gaap provide accounting and disclosure guidance about positions taken by an organization in its tax returns that might be uncertain. Management has considered its tax positions and believes all of the positions taken by the school are more likely than not to be sustained upon examination.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Financial aid -3,010,420.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Fundraising event expenses -168,196.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Fundraising event expenses 168,196.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

FINANCIAL AID 3,010,420.

Raw XML AppendixShowing 400 of 816 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.

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IRS990/ActivityOrMissionDesc0MARANATHA HIGH SCHOOL IS A CHRIST-CENTERED, EVANGELICAL COLLEGE PREPARATORY SCHOOL THAT CELEBRATES THE WHOLE STUDENT BY EQUIPPING HEARTS AND MINDS TO REFLECT GOD'S GLORY THROUGH ACADEMICS, AS WELL AS THE ARTS, ATHLETICS, AND SERVICE. WE ARE A CHRISTIAN COLLEGE-PREPARATORY SCHOOL OF THE HIGHEST CALIBER THAT DEVELOPS AND SUPPORTS STUDENTS AS THEY SEEK AND ACHIEVE EXCELLENCE IN THEIR DIVERSE INTERESTS AND PASSIONS.
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IRS990/Desc0MARANATHA HIGH SCHOOL WAS FOUNDED IN 1965 WITH A STARTING ENROLLMENT OF 29 STUDENTS AND HAS GROWN TO BE ONE OF THE AREA'S LEADING PRIVATE SCHOOLS. MARANATHA ENROLLED 550 STUDENTS IN 2023-24 (53% MALE & 47% FEMALE) FROM 83 DIFFERENT ZIP CODES, 157 DIFFERENT MIDDLE SCHOOLS, AND 269 DIFFERENT CHRISTIAN CHURCH BACKGROUNDS. THE CAMPUS IS LOCATED ON THE FORMER AMBASSADOR COLLEGE CAMPUS JUST OFF THE 210 FREEWAY NEAR OLD TOWN PASADENA. MARANATHA FILLS A UNIQUE ROLE IN THE PASADENA AREA PRIVATE SCHOOL MARKET AS THE ONLY NON-DENOMINATIONAL CHRISTIAN HIGH SCHOOL IN THE SAN GABRIEL VALLEY. THE OVERALL EDUCATIONAL GOAL IS TO PROVIDE STUDENTS WITH A COLLEGE PREPARATORY EXPERIENCE WHILE INTEGRATING A BIBLICAL WORLDVIEW IN AN INTENTIONALLY CHRIST-HONORING ENVIRONMENT. EXCELLENCE IS PURSUED ACROSS ALL AREAS OF THE SCHOOL RESULTING IN A DIVERSITY OF EXCEPTIONAL OPPORTUNITIES IN ACADEMICS, ATHLETICS AND THE ARTS. THE SCHOOL OFFERED 38 ADVANCED PLACEMENT (AP) AND HONORS COURSES IN 2023-24. 386 STUDENTS ENROLLED IN AP COURSES AND 642 AP EXAMS WERE ADMINISTERED. THERE WAS A TOTAL OF 30 AP WITH HONORS STUDENTS. THE STUDENT PASS RATE FOR AP EXAMS WAS 77% LAST YEAR. DURING 2024 MARANATHA RECEIVED GOLD LEVEL RECOGNITION FOR AP SCHOOL HONOR ROLL. WE HAD 41 AP SCHOLARS, 24 AP SCHOLARS WITH HONORS, 40 AP SCHOLARS WITH DISTINCTION, AND 1 AP CAPSTONE DIPLOMA RECIPIENT. THE SCHOOL'S ATHLETIC PROGRAM FEATURES 36 TEAMS IN 16 SPORTS AND HAS WON A TOTAL OF 208 CIF LEAGUE CHAMPIONSHIPS, 29 CIF CHAMPIONSHIPS AND 7 STATE CHAMPIONSHIPS. APPROXIMATELY 80% OF THE STUDENT BODY PARTICIPATES IN ATHLETICS EACH YEAR AND 25% OF SENIOR ATHLETES GO ON TO COMPETE AT THE COLLEGIATE LEVEL. THE SCHOOL'S ARTS PROGRAM CONSISTS OF THE VISUAL ARTS AND PERFORMING ARTS. ABOUT HALF OF THE STUDENT BODY PARTICIPATES IN THE VARIOUS ARTS OFFERINGS. VISUAL ART COURSES INCLUDE DRAWING, PAINTING, GRAPHIC ARTS AND PHOTOGRAPHY. PERFORMING ARTS INCLUDES: ORCHESTRA, MIXED ENSEMBLE, MUSIC THEORY, DANCE TEAM, DANCE COMPANY AND THEATER TROUPE. EACH YEAR THERE ARE 4 MAJOR PERFORMANCES, OF WHICH 2 ARE THEATRICAL AND 2 ARE PERFORMING ART SHOWCASES. SEVERAL TIMES A YEAR OUR VISUAL ARTS JOIN IN OR HOSTS ART FESTIVALS.
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IRS990/MissionDesc0MARANATHA HIGH SCHOOL IS A CHRIST-CENTERED, EVANGELICAL COLLEGE PREPARATORY SCHOOL THAT CELEBRATES THE WHOLE STUDENT BY EQUIPPING HEARTS AND MINDS TO REFLECT GOD'S GLORY THROUGH ACADEMICS, AS WELL AS THE ARTS, ATHLETICS, AND SERVICE. WE ARE A CHRISTIAN COLLEGE-PREPARATORY SCHOOL OF THE HIGHEST CALIBER THAT DEVELOPS AND SUPPORTS STUDENTS AS THEY SEEK AND ACHIEVE EXCELLENCE IN THEIR DIVERSE INTERESTS AND PASSIONS.
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