Carlthorp School
- Assets
- $48.4m
- Revenue
- $11.1m
- Investments
- $0.0
- Employees
- 106
- Location
- Santa Monica, CA
- Founding
- 02/1981
- Data as of
- 08/2021
- EIN
- 95-3512203
Organization Overview
Carlthorp School is located in Santa Monica, CA. The organization was established in 1981. 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 08/2021, Carlthorp School employed 106 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carlthorp 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 08/2021, Carlthorp School generated $11.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $13.2m during the year ending 08/2021. While expenses have increased by 7.1% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
INDEPENDENT NONPROFIT DAY SCHOOL FOR CHILDREN IN GRADES K-6.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CARLTHORP SCHOOL IS ACCREDITED BY THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS, THE CALIFORNIA ASSOCIATION OF INDEPENDENT SCHOOLS AND THE WESTERN ASSOCIATION OF SCHOOLS AND COLLEGES. CARLTHORP SCHOOL RECEIVED THE "NO CHILD LEFT BEHIND" NATIONAL BLUE RIBBON OF EXCELLENCE AWARD. 100% OF CARLTHORP SCHOOL'S 2021 GRADUATING CLASSES ATTEND THE SECONDARY SCHOOL OF THEIR FIRST CHOICE.THE SCHOOL IS TRADITIONALLY AND ACADEMICALLY ORIENTED. THE CURRICULUM IS WELL-ROUNDED AND A SOLID ACADEMIC FOUNDATION IN MATH, READING, AND ENGLISH IS STRESSED. TEACHERS UTILIZE DIVERSE TEACHING MODALITIES AND STRATEGIES. WITH TWO CLASSES AT EACH GRADE LEVEL OF 20 STUDENTS IN EACH CLASS, EACH STUDENT FROM KINDERGARTEN THROUGH SIXTH GRADE RECEIVED INDIVIDUAL ATTENTION. THOROUGHNESS, ACCURACY AND RESPONSIBILITY ARE STRESSED IN ALL SCHOOLWORK, AND SPECIAL ATTENTION IS GIVEN TO NECESSARY PREPARATION FOR ENTRANCE TO PUBLIC AND PRIVATE SECONDARY SCHOOLS. DURING THE 2020-21 SCHOOL YEAR, THE SCHOOL SERVED APPROXIMATELY 279 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Kusserow Former Head Of School Thru 6/30/2020 | 0 | $278,944 | |
Kenneth Parr Director Of Finance | Officer | 40 | $265,505 |
Steven Springer Interim Head Of School From 7/1/2020 | OfficerTrustee | 40 | $227,835 |
Lynn Wagmeister Director Of Admissions | 40 | $190,166 | |
Maureen Pollack Director Of Communications | 40 | $153,012 | |
Robert Moriarity Director Of Technology Thru 7/13/2021 | 40 | $139,452 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $186,206 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,287,364 |
| Noncash contributions included in lines 1a–1f | $192,874 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,473,570 |
| Total Program Service Revenue | $9,549,789 |
| Investment income | $86,472 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$62,367 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,073,290 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $587,422 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $757,538 |
| Compensation of current officers, directors, key employees. | $338,172 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,104,478 |
| Pension plan accruals and contributions | $333,479 |
| Other employee benefits | $874,734 |
| Payroll taxes | $562,542 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $219,194 |
| Fees for services: Accounting | $28,770 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $298,859 |
| Advertising and promotion | $3,808 |
| Office expenses | $130,676 |
| Information technology | $321,207 |
| Royalties | $0 |
| Occupancy | $506,125 |
| Travel | $30,878 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $56,251 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $320,717 |
| Insurance | $143,192 |
| All other expenses | $113,728 |
| Total functional expenses | $13,213,453 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $547,953 |
| Savings and temporary cash investments | $22,193,280 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $144,732 |
| 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 | $252,288 |
| Net Land, buildings, and equipment | $4,741,796 |
| Investments—publicly traded securities | $20,539,248 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $48,419,297 |
| Accounts payable and accrued expenses | $548,389 |
| Grants payable | $0 |
| Deferred revenue | $7,625,634 |
| Tax-exempt bond liabilities | $0 |
| 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 | $8,174,023 |
| Net assets without donor restrictions | $37,826,393 |
| Net assets with donor restrictions | $2,418,881 |
| 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 | $48,419,297 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Carlthorp School has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Alexander And Evelyn Wasserman Foundation Inc Los Angeles, CA PURPOSE: ALLISON LYNN MENZIES SCHOLARSHIP FUND | $2,000 |
Endowment Analysis
| Beg. Balance | $23,763,694 |
| Earnings | $4,864,026 |
| Ending Balance | $28,627,720 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Creative Center Of Los Altos Los Altos, CA | $170,822,611 | $50,231,203 |
Oakwood School North Hollywood, CA | $131,214,925 | $40,512,387 |
Wildwood School Inc Los Angeles, CA | $86,448,080 | $38,177,997 |
Classical Academy Incorporated Escondido, CA | $75,670,985 | $34,177,017 |
Paragon Management Surprise, AZ | $64,904,410 | $28,676,995 |
Harbor Day Endowment Corporation Corona del Mar, CA | $29,496,561 | $8,033,762 |
Center For Early Education West Hollywood, CA | $163,132,439 | $27,283,122 |
Santa Fe Christian Schools Solana Beach, CA | $72,145,924 | $27,955,484 |
Phoenix Country Day School Paradise Valley, AZ | $77,907,724 | $28,726,427 |
Tarbut Vtorah Community Day School Irvine, CA | $104,560,863 | $24,620,400 |
Westside Neighborhood School Los Angeles, CA | $23,646,249 | $23,017,600 |
Town School For Boys San Francisco, CA | $94,398,193 | $22,080,958 |