Sage Hill School
- Assets
- $122.6m
- Revenue
- $33.8m
- Investments
- $3.7k
- Employees
- 199
- Location
- Newport Coast, CA
- Founding
- 09/1997
- Data as of
- 06/2022
- EIN
- 33-0729698
Organization Overview
Sage Hill School is located in Newport Coast, CA. The organization was established in 1997. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Sage Hill School employed 199 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sage Hill School is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Sage Hill School generated $33.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $26.9m during the year ending 06/2022. While expenses have increased by 3.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
A PRIVATE COED HIGH SCHOOL THAT INSPIRES IN THEIR STUDENTS A LOVE OF KNOWLEDGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SAGE HILL SCHOOL IS AN INDEPENDENT HIGH SCHOOL LOCATED ON 30 ACRES IN NEWPORT COAST, CA. FOUNDED IN 2000, THE SCHOOL PROVIDES MORE THAN 540 STUDENTS WITH SMALL CLASS SIZES THAT AVERAGE 16 STUDENTS PER TEACHER, OUTSTANDING ACADEMIC CURRICULA AND A DEDICATED TEAM OF COLLEGE COUNSELORS. THE SCHOOL OFFERS ITS STUDENTS A RICH AND DYNAMIC CURRICULUM THAT PROMOTES CRITICAL THINKING, COLLABORATION, AND CREATIVITY. OUTSIDE THE CLASSROOM, STUDENTS ARE ENCOURAGED TO PARTICIPATE IN ATHLETICS, EXPLORE THEIR ARTISTIC ABILITIES, AND ENGAGE IN THE WORLD BEYOND THE CAMPUS THROUGH SERVICE TO THE COMMUNITY, INTERNSHIPS AND EDUCATIONAL TRAVEL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Merz Head Of School | Officer | 40 | $607,390 |
Jill Livermore Chief Financial Officer | Officer | 40 | $285,379 |
Gregory O'leary Director Of Advancement | 40 | $213,484 | |
Elaine Mijalis Director Of Admissions & Fa | 40 | $212,979 | |
Matthew Balossi Assistant Head Of School | 40 | $196,245 | |
George Smith College Counseler | 40 | $152,872 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ontario Refrigeration Service Inc Maintenance Services | 6/29/22 | $429,506 |
Harbor Building Maintenance Inc Custodial Services | 6/29/22 | $386,882 |
Gearshift Inc Marketing Services | 6/29/22 | $501,996 |
Allied Universal Security Services Security Services | 6/29/22 | $277,004 |
Flik Independent Schools Food Services | 6/29/22 | $267,246 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $245,925 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,077,481 |
| Noncash contributions included in lines 1a–1f | $130,131 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,323,406 |
| Total Program Service Revenue | $24,880,647 |
| Investment income | $380,128 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,314,706 |
| Net Income from Fundraising Events | -$209,669 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $33,768,910 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,247,596 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,112,845 |
| Compensation of current officers, directors, key employees. | $631,587 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,794,484 |
| Pension plan accruals and contributions | $491,036 |
| Other employee benefits | $1,190,172 |
| Payroll taxes | $838,297 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $115,510 |
| Fees for services: Accounting | $50,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $96,724 |
| Advertising and promotion | $605,925 |
| Office expenses | $307,714 |
| Information technology | $391,890 |
| Royalties | $0 |
| Occupancy | $641,865 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $44,134 |
| Interest | $376,479 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,880,879 |
| Insurance | $325,926 |
| All other expenses | $1,410,093 |
| Total functional expenses | $26,906,820 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $226,629 |
| Savings and temporary cash investments | $25,393,193 |
| Pledges and grants receivable | $426,161 |
| Accounts receivable, net | $5,686 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $331,976 |
| Net Land, buildings, and equipment | $69,437,520 |
| Investments—publicly traded securities | $26,012,674 |
| Investments—other securities | $3,747 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $764,693 |
| Total assets | $122,602,279 |
| Accounts payable and accrued expenses | $2,410,881 |
| Grants payable | $0 |
| Deferred revenue | $14,477,965 |
| Tax-exempt bond liabilities | $16,948,556 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $33,837,402 |
| Net assets without donor restrictions | $76,611,662 |
| Net assets with donor restrictions | $12,153,215 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $122,602,279 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Sage Hill School has recieved totaling $385,067.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $155,000 |
Tarsadia Foundation Newport Beach, CA PURPOSE: PROGRAM SUPPORT | $125,000 |
American Apollo Foundation Anaheim, CA PURPOSE: SUPPORT EDUCATIONAL INSTITUTION | $25,000 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: EDUCATION | $21,500 |
Chen Family Foundation Irvine, CA PURPOSE: EDUCATION | $21,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $14,357 |
Endowment Analysis
| Beg. Balance | $29,023,353 |
| Earnings | -$3,284,738 |
| Net Contributions | $277,806 |
| Ending Balance | $26,016,421 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Harvard-Westlake School Studio City, CA | $519,427,126 | $134,983,009 |
The Harker School San Jose, CA | $301,623,113 | $112,065,304 |
Taipei American School Foundation Los Angeles, CA | $200,440,067 | $84,912,591 |
Roessler-Chadwick Foundation Palos Verdes Peninsula, CA | $148,653,684 | $85,001,982 |
Antelope Valley Learning Academy Inc Valencia, CA | $39,011,789 | $89,911,071 |
Iolani School Honolulu, HI | $388,589,856 | $96,713,611 |
Valley Christian Schools San Jose, CA | $114,034,879 | $67,792,442 |
Crossroads School For Arts And Sciences Santa Monica, CA | $228,466,642 | $71,695,660 |
Pinecrest Academy Of Nevada Las Vegas, NV | $180,969,815 | $55,227,601 |
Brentwood School Los Angeles, CA | $181,845,528 | $61,517,128 |
Viewpoint Educational Foundation Calabasas, CA | $147,164,644 | $51,317,532 |
Francis Parker School San Diego, CA | $194,908,820 | $57,687,551 |