Sea Crest School Inc
- Assets
- $11.7m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 46
- Location
- Half Moon Bay, CA
- Founding
- 07/1997
- Data as of
- 06/2021
- EIN
- 94-3250488
Organization Overview
Sea Crest School Inc is located in Half Moon Bay, CA. The organization was established in 1997. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Sea Crest School Inc employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sea Crest School Inc 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 06/2021, Sea Crest School Inc generated $5.7m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $5.7m during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEA CREST SCHOOL IS DEDICATED TO PROVIDING THE BEST IN INNOVATIVE EDUCATION (CONTINUES SCH O) (CONTINUES FROM PAGE 1) TO INSPIRE AND EMPOWER OUR LEARNERS TO ENGAGE CURIOSITY, EXPRESS CREATIVITY, ACT WITH COMPASSION AND LEAD WITH COURAGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEA CREST SCHOOL, INC. (THE "SCHOOL"), FOUNDED IN 1996, IS AN ACCREDITED, NON-SECTARIAN INDEPENDENT SCHOOL LOCATED IN HALF MOON BAY, CALIFORNIA. THE SCHOOL PROVIDES QUALITY EDUCATION TO APPROXIMATELY 230 STUDENTS FROM JUNIOR KINDERGARTEN THROUGH EIGHTH GRADE. SEA CREST SCHOOL IS DEDICATED TO PROVIDING THE BEST IN INNOVATIVE EDUCATION TO INSPIRE AND EMPOWER OUR LEARNERS TO ENGAGE CURIOSITY, EXPRESS CREATIVITY, ACT WITH COMPASSION AND LEAD WITH COURAGE.
AUXILIARY SERVICES PROVIDE EXTENDED DAY PROGRAMS FOR ATHLETICS, ART, MUSIC, INNOVATION AND OTHER ENRICHMENT PROGRAMS, SUPERVISED BY EXTENDED DAY PROGRAM TEACHERS AND COACHES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tekakwitha Pernambuco-Wise Head Of School (to 6/30/20 | Officer | 55 | $159,909 |
Jacquie Cuvelier Chief Financial Officer | Officer | 55 | $149,430 |
Lauren Miller Head Of School (fr 7/1/20) | Officer | 55 | $131,083 |
Ambar Pina Director Of Advancement | 55 | $119,135 | |
Michelle Giacotto Director Of Lower School | 55 | $116,564 | |
Holly Weaver Director Of Middle School | 55 | $103,480 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $34,926 |
| Related organizations | $0 |
| Government grants | $232,605 |
| All other contributions, gifts, grants, and similar amounts not included above | $419,215 |
| Noncash contributions included in lines 1a–1f | $31,276 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $686,746 |
| Total Program Service Revenue | $4,945,507 |
| Investment income | $44,944 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $21,777 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,718,389 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $736,891 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $469,617 |
| Compensation of current officers, directors, key employees. | $397,213 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,484,802 |
| Pension plan accruals and contributions | $163,525 |
| Other employee benefits | $275,064 |
| Payroll taxes | $226,382 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $44,757 |
| Fees for services: Accounting | $32,440 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $42,727 |
| Advertising and promotion | $14,040 |
| Office expenses | $10,625 |
| Information technology | $64,726 |
| Royalties | $0 |
| Occupancy | $263,651 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $31,490 |
| Interest | $126,361 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $375,831 |
| Insurance | $122,776 |
| All other expenses | $0 |
| Total functional expenses | $5,724,953 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $105,870 |
| Savings and temporary cash investments | $5,869,385 |
| Pledges and grants receivable | $248,447 |
| Accounts receivable, net | $72,727 |
| 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 | $69,982 |
| Net Land, buildings, and equipment | $5,253,197 |
| Investments—publicly traded securities | $62,655 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,682,263 |
| Accounts payable and accrued expenses | $185,487 |
| Grants payable | $0 |
| Deferred revenue | $2,261,794 |
| Tax-exempt bond liabilities | $3,777,148 |
| 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 | $6,224,429 |
| Net assets without donor restrictions | $5,282,323 |
| Net assets with donor restrictions | $175,511 |
| 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 | $11,682,263 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Sea Crest School Inc has recieved totaling $104,935.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $52,986 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: EDUCATION | $25,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $15,000 |
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $10,000 |
Celanese Foundation Irving, TX PURPOSE: CHARITABLE CONTRIBUTION | $1,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $449 |
Endowment Analysis
| Beg. Balance | $46,705 |
| Earnings | $15,950 |
| Ending Balance | $62,655 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Childrens Day School Inc San Francisco, CA | $48,363,638 | $20,220,768 |
Great Valley Academy Modesto, CA | $24,077,962 | $19,349,620 |
San Francisco Day School San Francisco, CA | $90,241,572 | $23,860,788 |
Dr Miriam And Sheldon G Adelson Educational Institute Las Vegas, NV | $45,249,882 | $16,559,222 |
Synapse School Menlo Park, CA | $20,691,097 | $17,078,899 |
Mark Day School San Rafael, CA | $46,409,583 | $18,444,024 |
Hillbrook School Los Gatos, CA | $32,644,985 | $20,493,868 |
Heights Christian Schools La Habra Heights, CA | $13,507,090 | $16,795,259 |
Griffin Technology Academies Vallejo, CA | $23,322,546 | $19,613,805 |
Valley Christian School System Cerritos, CA | $15,496,227 | $17,847,318 |
Redlands Christian School Redlands, CA | $36,719,487 | $19,631,459 |
John Thomas Dye School Los Angeles, CA | $79,181,916 | $17,060,481 |