2024-03-27T11:46:52-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN 29 SOUTH MAIN STREET 4TH FLOOR WEST HARTFORD CT 06107 990 2022-07-01 951644630 CATE SCHOOL CATE 8056848409 PO BOX 5005 CARPINTERIA CA 93014 SANDI PIERCE ASST HEAD OF SCHOOL FOR FINANC 8056848409 2024-03-22 1 SANDI PIERCE 999009999 1 JOHN TOSCANO P00358542 8605614000 2024-03-19 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z ALEXANDRA LOCKETT PO BOX 5005 CARPINTERIA CA 93014 46745714 0 X WWW.CATE.ORG X 1910 CA THROUGH COMMITMENT, SCHOLARSHIP, COMPANIONSHIP, AND SERVICE, EACH MEMBER OF THE CATE COMMUNITY CONTRIBUTES TO WHAT OUR FOUNDER CALLED "THE SPIRIT OF THIS PLACE ALL COMPOUNDED OF BEAUTY AND VIRTUE, QUIET STUDY, VIGOROUS PLAY, AND HARD WORK." 30 28 282 100 199120 0 16128620 11156778 20112794 21103971 -1868480 2018053 869898 323795 35242832 34602597 5288763 4429821 0 0 14746457 16320607 0 0 1677295 19704842 15946469 39740062 36696897 -4497230 -2094300 199003842 214391093 16271306 21419796 182732536 192971297 THROUGH COMMITMENT, SCHOLARSHIP, COMPANIONSHIP, AND SERVICE, EACH MEMBER OF THE CATE COMMUNITY CONTRIBUTES TO WHAT OUR FOUNDER CALLED "THE SPIRIT OF THIS PLACE ALL COMPOUNDED OF BEAUTY AND VIRTUE, QUIET STUDY, VIGOROUS PLAY, AND HARD WORK." 0 0 27345115 4429821 21103971 OPERATIONS AND MAINTENANCE OF A PRIVATE HIGH SCHOOL. APPROXIMATELY 300 STUDENTS ENROLLED. 27345115 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 104 0 1 282 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 30 28 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X SANDI PIERCE 8056844127 1960 CATE MESA ROAD CARPINTERIA CA 93013 BENJAMIN WILLIAMS IV HEAD OF SCHOOL/SECRETARY 40.00 X X 464055 0 70335 JONATHAN WYATT GRUBER CHAIR 2.00 X X 0 0 0 ELIZABETH B STANSON PRESIDENT 2.00 X X 0 0 0 MARIANNA SPRAGUE VICE PRESIDENT 2.00 X X 0 0 0 DAVID TUNNELL TREASURER 2.00 X X 0 0 0 RICHARD D BAUM LIFE TRUSTEE 1.00 X 0 0 0 DAN A EMMETT LIFE TRUSTEE 1.00 X 0 0 0 GREG H KUBICEK LIFE TRUSTEE 1.00 X 0 0 0 CALGARY AVANSINO TRUSTEE 1.00 X 0 0 0 RYAN MACDONNELL BRACHER TRUSTEE 1.00 X 0 0 0 LAUREN CRAIG ALBRECHT TRUSTEE 1.00 X 0 0 0 ROSALIND EMMETT NIEMAN TRUSTEE 1.00 X 0 0 0 MONIQUE PARSONS TRUSTEE 1.00 X 0 0 0 CASEY MCCANN TRUSTEE 1.00 X 0 0 0 LYNN HARWELL TRUSTEE 1.00 X 0 0 0 ADAM S HOROWITZ TRUSTEE 1.00 X 0 0 0 SHEILA MARMON HEUER TRUSTEE 1.00 X 0 0 0 ATHENA JONES TRUSTEE 1.00 X 0 0 0 LEONE E PRICE TRUSTEE 1.00 X 0 0 0 SYLVIA TORRES-GUILLEN TRUSTEE 1.00 X 0 0 0 EDWARD R TED SIMPSON TRUSTEE 1.00 X 0 0 0 JOHN KEARNEY TRUSTEE 1.00 X 0 0 0 BRIAN TOM TRUSTEE 1.00 X 0 0 0 JAMES P JAY MELICAN III TRUSTEE 1.00 X 0 0 0 DANIEL CHERRY III TRUSTEE 1.00 X 0 0 0 KRISTEN KLINGBEIL-WEIS TRUSTEE 1.00 X 0 0 0 PATRICK KO TRUSTEE 1.00 X 0 0 0 ELIZABETH PATTERSON TRUSTEE 1.00 X 0 0 0 JIWON CHOI SONG TRUSTEE 1.00 X 0 0 0 JEANNIE PETTIGREW WHELAN TRUSTEE 1.00 X 0 0 0 SANDI PIERCE ASST HEAD OF SCHOOL FOR FINANCE & OPERATIONS 40.00 X 246355 0 48057 JASON DORION ASST. HEAD OF SCHOOL 40.00 X 182486 0 36727 CHARLOTTE BROWNLEE ASSISTANT HEAD OF SCHOOL F 40.00 X 186638 0 33434 LINDSAY NEWLOVE DIRECTOR OF ADVANCEMENT 40.00 X 176262 0 27067 MAUDE BOND DIR OF COLLEGE COUNSELLING 40.00 X 130619 0 38046 JOHN TILTON CONTROLLER 40.00 X 137733 0 22635 1524148 0 276301 24 0 1 0 HARTIGAN & FOLEY 1056 E META ST SUITE 101 VENTURA CA 93001 BUILDING CONTRACTOR 3653743 FLIK PO BOX 50196 LOS ANGELES CA 90071 FOOD SERVICE 2157815 ATLAS PERFORMANCE INDUSTRIES PO BOX 5754 LOS ANGELES CA 90071 BUILDING CONTRACTOR 771373 A CAVALLI CONSTRUCTION 4955 NIPOMO DRIVE CARPINTERIA CA 93013 CONSTRUCTION CONTRACTOR 571969 BLACKBIRD ARCHITECTS 235 PALM AVE SANTA BARBARA CA 93101 ARCHITECTS 366492 10 11156778 570373 11156778 TUITION AND FEES 611600 20244991 20244991 CAMP INCOME 611600 858980 858980 21103971 2858759 2858759 11217915 12058621 -840706 -840706 -840706 192384 84496 107888 107888 CROP PROCEEDS - AVOCADOS 111000 199120 199120 MISCELLANEOUS INCOME 611600 16787 16787 215907 34602597 21211859 199120 2034840 4429821 4429821 948304 214732 613670 119902 11003391 8643481 1814246 545664 1055380 835003 168879 51498 2343167 1981474 279724 81969 970365 724863 192132 53370 21880 21880 445315 445315 75056 75056 471990 471990 304992 304992 343004 343004 1520329 1520329 1119776 808291 251367 60118 15502 15502 3128154 2336559 617810 173785 1040333 777071 205466 57796 FOOD AND HEALTH SERVICE 3423439 2557121 676129 190189 REPAIRS AND MAINTENANCE 2515641 2515641 STUDENT ACTIVITIES AND 754692 754692 COVID 66719 66719 699647 699647 36696897 27345115 7674487 1677295 2453299 2638761 3294686 2706146 9422022 10783303 293762 533002 98000 98000 39392 49933 466618 684546 122994263 46278376 69284880 76715887 31825061 105177673 80071228 13151115 181223 1573671 1852727 199003842 214391093 5168747 3592233 6204348 7016835 4416192 10218116 482019 592612 16271306 21419796 X 58178605 59326887 124553931 133644410 182732536 192971297 199003842 214391093 X -2094300 12333882 -821 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 111891908 2857019 13828749 10251873 118325803 135231744 3082614 -21537675 4884775 111891908 106847396 2656857 34956809 9229318 135231744 111027445 41011136 -40191185 -5000000 106847396 112251916 6345938 1000000 2757875 116839979 0.00000 1.00000 0.00000 0 0 5912055 5912055 73237549 73237549 24696692 24696692 6360985 6360985 12786982 46278376 -33491394 76715887 ALTERNATIVE INVESTMENTS 13151115 F 13151115 457B PLAN PAYABLE 537919 CHARITABLE REMAINDER TRUST LIABILITIES 44693 UNEMPLOYMENT RESERVE 10000 592612 X 41211472 12333882 -5253017 7080865 34130607 471990 471990 34602597 30888215 0 30888215 471990 5336692 5808682 36696897 PART V, LINE 4: GIFTS TO THE ENDOWMENT ARE AN INVESTMENT IN THE LONG-TERM FINANCIAL HEALTH OF THE INSTITUTION. INCOME FROM EACH OF THE SCHOOL'S ENDOWED FUNDS IS USED TO FUND THE SCHOOL'S PROGRAM IN PERPETUITY. THE PRINCIPAL IS INVESTED FOR LONG-TERM GROWTH TO SERVE PRESENT AND FUTURE GENERATIONS OF STUDENTS. PART X, LINE 2: THE SCHOOL HAS BEEN GRANTED EXEMPTION FROM INCOME TAX UNDER SECTIONS 501(C)(3) OF THE INTERNAL REVENUE CODE AND 23701(D) OF THE CALIFORNIA REVENUE AND TAXATION CODE. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA 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 BELIECES 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 AND TUITION REMISSION PROVIDED -5,252,196. CHANGE IN SPLIT INTEREST -821. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AND TUITION REMISSION PROVIDED 5,252,196. COGS 84,496. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL SHARES ITS NON-DISCRIMINATION POLICY ON ITS WEBSITE (HTTPS://WWW.CATE.ORG/NON-DISCRIMINATION-POLICY/) LINE 3 - EXPLANATION OF NONDISCRIMINATION POLICY: CATE SCHOOL ADMITS STUDENTS OF ANY RACE, COLOR, RELIGION, SEXUAL ORIENTATION, NATIONAL OR ETHNIC ORGIN TO ALL RIGHTS, PRIVILEGES, PROGRAMS AND ACTIVITIES GENERALLY ACCORDED OR MADE AVAILABLE TO STUDENTS AT THE SCHOOL. IT DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, RELIGION, SEXUAL ORIENTATION, NATIONAL OR ETHNIC ORGIN IN ADMINISTRATION OF ITS EDUCATIONAL POLICIES, SCHOLARSHIP, ATHLETIC AND OTHER SCHOOL-ADMINISTERED PROGRAMS. CENTRAL AMERICA AND THE CARIBBEAN 0 0 HEDGE FUND INVESTMENTS 831934 0 0 0 0 0 0 831934 0 831934 0 0 0 0 0 0 PART III ACCOUNTING METHOD: PART 1 THE INVESTMENTS REPORTED IN PART I ARE PART OF THE SCHOOL'S ENDOWMENT. 1 SCHOLARSHIP AND FINANCIAL AID FOR STUDENTS 80 4429821 OTHER FINANCIAL AID GIVEN TO STUDENTS IN THE FORM OF DISCOUNTED TUITION PART I, LINE 2: SCHOOL USES SSS SYSTEM, FAMILIES CAN APPLY THROUGH SSS. SCHOOL HAS FINANCIAL AID (FA) COMMITTEE, CONSISTING OF CONTROLLER AND DIRECTOR OF FINANCIAL ASSISTANCE. FA COMMITTEE REVIEWS APPLICATIONS AND SUBMITTED DOCUMENTS, AND AWARD AID BASED ON SSS CALCULATION AND ADJUSTMENTS. FA COMMITTEE WILL MEET WITH ADMISSIONS DEPARTMENT, AND WILL REVIEW FAMILIES AND AWARDS BEFORE FINALIZING. SCHOOL SENDS FAMILY AWARD LETTER, AID AMOUNTS ARE ENTERED INTO VERACROSS, AND INCORPORATED INTO TUITION CONTRACT. X 1 1 X X X 0 0 0 0 0 0 0 0 0 BENJAMIN WILLIAMS IV HEAD OF SCHOOL/SECRETARY 464055 0 0 0 0 0 51046 0 19289 0 534390 0 0 0 SANDI PIERCE ASST HEAD OF SCHOOL FOR FINANCE & OP 246355 0 0 0 0 0 26769 0 21288 0 294412 0 0 0 CHARLOTTE BROWNLEE ASSISTANT HEAD OF SCHOOL F 186638 0 0 0 0 0 20530 0 12904 0 220072 0 0 0 JASON DORION ASST. HEAD OF SCHOOL 182486 0 0 0 0 0 20073 0 16654 0 219213 0 0 0 LINDSAY NEWLOVE DIRECTOR OF ADVANCEMENT 169262 0 0 0 7000 0 18288 0 8779 0 203329 0 0 0 MAUDE BOND DIR OF COLLEGE COUNSELLING 130619 0 0 0 0 0 14368 0 23678 0 168665 0 0 0 JOHN TILTON CONTROLLER 137733 0 0 0 0 0 15151 0 7484 0 160368 0 0 0 PART I, LINE 1A CERTAIN INDIVIDUALS ARE REQUIRED TO RESIDE ON CAMPUS AS A CONDITON OF EMPLOYMENT. THE VALUE OF SCHOOL HOUSING PROVIDED FOR THIS PURPOSE MEETS THE REQUIREMENT FOR TAX EXEMPTION UNDER IRC SECTION 119, AND ACCORDINGLY, IS INCLUDED IN NON-TAXABLE BENEFITS. THE FOLLOWING INDIVIDUALS, LISTED ON PART II, RECEIVED HOUSING: HEAD OF SCHOOL AND ASSISTANT HEAD OF SCHOOL. A CALIFORNIA ENTERPRISE DEVELOPMENT AUTHORITY 352273601 2022-05-11 21945000 REFINANCE OUTSTANDING PROMISE. 0 0 0 A 10218116 230025 1577809 11726884 2022 0 0 0 1 A 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 A 0 SCHEDULE K, PART II, LINE 3 DIFFERENCE BETWEEN TOTAL PROCEEDS REPORTED IN PART I AND PART II IS DUE TO THE SCHOOL NOT DRAWING FULL AMOUNT OF LOAN AVAILABLE. THE SCHOOL CAN DRAW FUNDS THROUGH APRIL 30, 2025. 33815 FINANCIAL AID FINANCIAL ASSISTANCE X 26 559186 MARKET PRICE X WINE 8 7712 ESTIMATED FMV X MISCELLANEOUS 3 3475 ESTIMATED FMV 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING IN PART I, COLUMN (B), THE NUMBER OF ITEMS THAT DONORS CONTRIBUTED. FORM 990, PART VI, SECTION A, LINE 1A EXECUTIVE COMMITTEE MAY EXCERCISE ALL OF THE POWERS OF THE BOARD WITH RESPECT TO THE CURRENT BUSINESS OR ORDINARY ADMINISTRATION OF THE AFFAIRS OF THE CORPORATION; BUT THE EXECUTIVE COMMITTEE SHALL NOT HAVE THE POWER TO AUTHORIZE THE SALE OF REAL PROPERTY OR THE CONTRACTING OF ANY SECURED OBLIGATION BY THE CORPORATION OR THE PLACING OF ANY LIEN UPON ANY OF ITS PROPERTY OR TO ALTER THE BYLAWS OF THE CORPORATION IN ANY MANNER. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEWED BY ASSISTANT HEAD OF SCHOOL FOR FINANCE AND OPERATIONS SANDI PIERCE AND THEN PRESENTED TO THE BOARD OF TRUSTEES FOR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, DURING A TRUSTEE MEETING, BOARD OF TRUSTEES MEMBERS DISCLOSE ANY CONFLICTS OF INTEREST. ANY POTENTIAL CONFLICTS ARE INVESTIGATED AND RESOLVED. THE BOARD MAY APPROVE A TRANSACTION INVOLVING A TRUSTEE OR AN OFFICER IF ALL FACTS ARE DISCLOSED IN GOOD FAITH AND NOTED IN THE BOARD MINUTES, OR ARE KNOWN TO ALL MEMBERS OF THE BOARD PRIOR TO CONSIDERATION BY THE BOARD OF SUCH TRANSACTION; SUCH CONTRACT OR TRANSACTION IS AUTHORIZED IN GOOD FAITH BY MAJORITY OF THE BOARD BY A VOTE SUFFICIENT FOR THAT PURPOSE EXCLUDING THE VOTE OF THE INTERESTED TRUSTEE; PRIOR TO AUTHORIZING OR APPROVING THE TRANSACTION, THE BOARD CONSIDERS AND IN GOOD FAITH DETERMINES AFTER REASONABLE INVESTIGATION UNDER THE CIRCUMSTANCES THAT THE CORPORATION COULD NOT OBTAIN A MORE ADVANTAGEOUS ARRANGEMENT WITH REASONABLE EFFORD UNDER THE CIRCUMSTANCES; AND THIS CORPORATION ENTERS INTO THE TRANSACTION FOR ITS OWN BENEFIT, AND THE TRANSACTION IS FAIR AND REASONABLE TO THIS CORPORATION AT THE TIME THE TRANSACTION IS ENTERED INTO. FORM 990, PART VI, SECTION B, LINE 15 ALL COMPENSATION FOR THE HEAD OF SCHOOL IS FIRST REVIEWED AND APPROVED BY THE COMPENSATION COMMITTEE AND THEN PRESENTED TO THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES FOR REVIEW AND APPROVAL. ALSO, COMPENSATION AMOUNTS FOR ALL KEY EMPLOYEES ARE COMPARED TO DATA OF OTHER COMPARABLE PRIVATE SCHOOLS MAINTAINED BY THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS. THE PROCESS WAS LAST UTILIZED ON DECEMBER 6, 2022. FORM 990, PART VI, SECTION C, LINE 19 SCHOOL WILL PROVIDE COPIES OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN SPLIT INTEREST -821. FORM 990. PART XII, LINE 2C THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.