2026-05-12T11:43:26-05:00 2025-06-30 410746749 CLIFTONLARSONALLEN LLP 2875 MICHELLE DRIVE 300 IRVINE CA 92606 990 2024-07-01 951644630 CATE SCHOOL CATE 8056848409 PO BOX 5005 CARPINTERIA CA 93014 ALYSA GERLACH HEAD OF FINANCE AND OPERATIONS 8056848409 2026-05-11 1 1 LISA N RYSSEL CPA P00643670 7147955370 2026-05-11 2024 2025-03-06 01:10:19Z ALEXANDRA LOCKETT PO BOX 5005 CARPINTERIA CA 93014 43233085 0 X WWW.CATE.ORG X 1910 CA THROUGH COMMITMENT, SCHOLARSHIP AND SERVICE, CATE EDUCATES HIGH SCHOOL STUDENTS. 32 30 274 100 1129669 645207 12256033 8960884 23079719 24927341 3872019 6956591 605308 470547 39813079 41315363 4874642 5046266 0 0 17033277 17818638 0 0 1911096 15760034 16302468 37667953 39167372 2145126 2147991 234143260 248507760 30057349 33787491 204085911 214720269 THROUGH COMMITMENT, SCHOLARSHIP AND SERVICE, CATE EDUCATES HIGH SCHOOL STUDENTS. 0 0 29517644 5046266 24927341 OPERATIONS AND MAINTENANCE OF A PRIVATE HIGH SCHOOL. 309 STUDENTS ENROLLED. 29517644 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 98 0 1 274 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 32 30 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X ALYSA GERLACH 8056844127 1960 CATE MESA ROAD CARPINTERIA CA 93013 MARIANNA SPRAGUE VICE CHAIR 2.00 X X 0 0 0 SHEILA MARMON HEUER SECRETARY 2.00 X X 0 0 0 JONATHAN WYATT GRUBER CHAIR EMERITUS 2.00 X X 0 0 0 KRISTEN KLINGBEIL-WEIS TREASURER 2.00 X X 0 0 0 LISA B STANSON CHAIR 2.00 X X 0 0 0 LYNN HARWELL TRUSTEE 1.00 X 0 0 0 JENNY CHANG TRUSTEE 1.00 X 0 0 0 JOHN KEARNEY TRUSTEE 1.00 X 0 0 0 LAUREN CRAIG ALBRECHT TRUSTEE 1.00 X 0 0 0 NIC STEELE TRUSTEE 1.00 X 0 0 0 MIMI BROWN TRUSTEE 1.00 X 0 0 0 JAMES P JAY MELICAN III TRUSTEE 1.00 X 0 0 0 PATRICK KO TRUSTEE 1.00 X 0 0 0 RICHARD D BAUM LIFE TRUSTEE 1.00 X 0 0 0 ROSALIND EMMETT NIEMAN TRUSTEE 1.00 X 0 0 0 RYAN MACDONNELL BRACHER TRUSTEE 1.00 X 0 0 0 ATHENA JONES TRUSTEE 1.00 X 0 0 0 JIWON CHOI SONG TRUSTEE 1.00 X 0 0 0 GREG H KUBICEK LIFE TRUSTEE 1.00 X 0 0 0 BERNA NINO TRUSTEE 1.00 X 0 0 0 BRIAN TOM TRUSTEE 1.00 X 0 0 0 CALGARY AVANSINO TRUSTEE 1.00 X 0 0 0 CASEY MCCANN TRUSTEE 1.00 X 0 0 0 GWEN REHNBORG TRUSTEE 1.00 X 0 0 0 DAN A EMMETT LIFE TRUSTEE 1.00 X 0 0 0 SYLVIA TORRES-GUILLEN TRUSTEE 1.00 X 0 0 0 DANIEL CHERRY III TRUSTEE 1.00 X 0 0 0 EDWARD R TED SIMPSON TRUSTEE 1.00 X 0 0 0 ELIZABETH PATTERSON TRUSTEE 1.00 X 0 0 0 ERIC TAYLOR TRUSTEE 1.00 X 0 0 0 GEOFFREY BENNETT TRUSTEE 1.00 X 0 0 0 ADAM S HOROWITZ TRUSTEE 1.00 X 0 0 0 SANDI PIERCE ASST. HEAD OF SCHOOL 40.00 X 293592 0 49558 ALEXANDRA LOCKETT HEAD OF SCHOOL 40.00 X 526496 0 60794 SUSAN ZAPALAC HEAD OF HEALTH CENTER 40.00 X 141462 0 38888 LINDSAY NEWLOVE DIRECTOR OF STEWARDSHIP 40.00 X 159093 0 27426 CARA TERLEP DIR OF COLLEGE COUNSELING 40.00 X 145006 0 26995 JASON DORION DEAN FOR STUDENT SUPPORT 40.00 X 196870 0 35553 ANDREW MACDONNELL DIRECTOR OF ADVANCEMENT 40.00 X 160508 0 27916 1623027 0 267130 28 0 1 0 HARTIGAN & FOLEY 1056 E META ST SUITE 101 VENTURA CA 93001 BUILDING CONTRACTOR 8411693 BYROM DAVEY INC 13220 EVENING CREEK DRIVE SAN DIEGO CA 92128 BUILDING CONTRACTOR 3097509 FLIK PO BOX 50196 LOS ANGELES CA 90074 FOOD SERVICES 1935136 WATERWORKFORCE INC 33817 MCKENNY PLACE YUCAIPA CA 92399 WASTEWATER TREATMENT PLANT OPERATOR 350429 A CAVALLI CONSTRUCTION 4955 NIPOMO DRIVE CARPINTERIA CA 93013 BUILDING CONTRACTOR 299176 15 8960884 475706 8960884 TUITION AND FEES 611600 23822615 23822615 CAMP INCOME 611600 1104726 1104726 24927341 1981499 694813 1286686 6820329 1845237 4975092 4975092 4975092 100057 72485 27572 27572 CROP PROCEEDS - AVOCADOS 111000 434856 434856 MISCELLANEOUS INCOME 611600 8119 8119 442975 41315363 24927341 1129669 6297469 5046266 5046266 1019269 228933 663330 127006 12083652 9361289 2015616 706747 1216724 936078 206673 73973 2628101 1970175 492544 165382 870892 642155 173593 55144 31486 31486 87211 87211 80942 80942 492525 492525 189724 189724 36462 36462 4001 4001 835439 624027 164999 46413 57336 57336 111602 111602 355729 355729 3895637 2909827 769388 216422 1397048 1043518 275917 77613 FOOD AND HEALTH SERVICE 3321966 2481326 656088 184552 REPAIRS AND MAINTENANCE 2622132 2622132 MISCELLANEOUS EXPENSES 1170738 101573 1020722 48443 SUMMER CAMPS 664129 664129 948361 886216 62145 39167372 29517644 7738632 1911096 712693 1456743 4133552 6571160 9279947 6511045 466302 476073 35775 42584 852062 1097478 146058384 53101384 87769801 92957000 52524187 49277953 76448999 88181100 1919942 1936624 234143260 248507760 4107810 2967880 5807694 8213397 19497994 21958907 643851 647307 30057349 33787491 X 59725489 67411912 144360422 147308357 204085911 214720269 234143260 248507760 X 2147991 8477946 8421 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 128336301 648348 14472963 6881025 136576587 118325803 1752131 13682367 5424000 128336301 111891908 2857019 13828749 10251873 118325803 135231744 3082614 -21537675 4884775 111891908 106847396 2656857 34956809 9229318 135231744 0.00000 0.60152 0.39848 0 0 5912055 5912055 75789069 53101384 22687685 50075498 50075498 12524708 12524708 1757054 1757054 92957000 ALTERNATIVE INVESTMENTS 88181100 F 88181100 DEFERRED COMPENSATION PLAN PAYABLE 590809 CHARITABLE REMAINDER TRUST LIABILITIES 46498 UNEMPLOYMENT RESERVE 10000 647307 X 43323758 8477946 8814 -6058325 2428435 40895323 492525 -72485 420040 41315363 32689400 8814 72485 81299 32608101 492525 6066746 6559271 39167372 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 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 AND TUITION REMISSION PROVIDED -6,066,746. CHANGE IN SPLIT INTEREST 24,929. LOSS ON UNCOLLECTIBLES -16,508. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -72,485. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 72,485. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AND TUITION REMISSION PROVIDED 6,066,746. 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/) 1 CENTRAL AMERICA AND THE CARIBBEAN 0 0 HEDGE FUND INVESTMENTS N/A 846612 EAST ASIA AND THE PACIFIC 0 0 CONTRIBUTIONS RECEIVED N/A 0 0 0 0 0 0 846612 0 846612 0 0 0 0 0 0 PART I: THE INVESTMENTS REPORTED IN PART I ARE PART OF THE SCHOOL'S ENDOWMENT. 1 SCHOLARSHIP AND FINANCIAL AID FOR STUDENTS 76 5046266 N/A N/A PART I, LINE 2: FAMILIES CAN APPLY THROUGH CLARITY. 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 CLARITY 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 ALEXANDRA LOCKETT HEAD OF SCHOOL 526496 0 0 0 0 0 37950 0 22844 0 587290 0 0 0 SANDI PIERCE ASST. HEAD OF SCHOOL 293592 0 0 0 0 0 33582 0 15976 0 343150 0 0 0 JASON DORION DEAN FOR STUDENT SUPPORT 196870 0 0 0 0 0 22617 0 12936 0 232423 0 0 0 ANDREW MACDONNELL DIRECTOR OF ADVANCEMENT 160508 0 0 0 0 0 17798 0 10118 0 188424 0 0 0 LINDSAY NEWLOVE DIRECTOR OF STEWARDSHIP 159093 0 0 0 0 0 17616 0 9810 0 186519 0 0 0 SUSAN ZAPALAC HEAD OF HEALTH CENTER 141462 0 0 0 0 0 17099 0 21789 0 180350 0 0 0 CARA TERLEP DIR OF COLLEGE COUNSELING 145006 0 0 0 0 0 15951 0 11044 0 172001 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 NOT INCLUDED IN NON-TAXABLE BENEFITS. THE INDIVIDUAL LISTED ON PART II, RECEIVED HOUSING: ALEXANDRA LOCKETT, HEAD OF SCHOOL. A CALIFORNIA ENTERPRISE DEVELOPMENT AUTHORITY 352273601 2022-05-11 21945000 REFINANCE OUTSTANDING PROMISE. 0 0 0 A 41093 21945000 230025 20137166 1577809 2024 0 1 1 1 A 0 0 0 0 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 LYNN HARWELL TRUSTEE 33697 FINANCIAL AID SCHOLARSHIP NIC STEELE TRUSTEE 59980 FINANCIAL AID SCHOLARSHIP X 39 466342 MARKET PRICE X WINE 13 9364 ESTIMATED FMV 0 0 1 0 PART I, COLUMN (B): CONTRIBUTION COUNT IS THE NUMBER OF CONTRIBUTIONS RECEIVED FORM 990, PART VI, SECTION A, LINE 1A EXECUTIVE COMMITTEE MAY EXERCISE 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 A, LINE 2 DAN EMMETT AND ROSALIND EMMETT NIEMAN HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE CONTROLLER COMPILES SCHEDULES AND REVIEWS THE 990 COMPARING IT TO PRIOR 990 FILINGS. THE CONTROLLER INVOLVES OTHER DEPARTMENTS WITH RESIDENT KNOWLEDGE OF SCHEDULE INFORMATION. THE HEAD OF FINANCE AND OPERATIONS REVIEWS THE SCHEDULES AND 990. BOTH THE CONTROLLER AND HEAD OF FINANCE AND OPERATIONS WORK WITH THE TAX PREPARER TO CLARIFY ANY QUESTIONS. ADDITIONALLY, A FULL COPY OF THE FORM 990 IS POSTED TO THE BOARD PORTAL FOR BOARD REVIEW PRIOR TO ISSUANCE OF THE RETURNS. FORM 990, PART VI, SECTION B, LINE 12C ALL DIRECTORS, OFFICERS, AND EMPLOYEES, WITH A DIRECT OR INDIRECT CONFLICTING INTEREST, INCLUDING ANY FINANCIAL INTEREST, ARE REQUIRED TO COMPLY WITH THE CONFLICT OF INTEREST POLICY AND COMPLETE AN ANNUAL STATEMENT REPORTING ANY POTENTIAL CONFLICTS. 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 EFFORT 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. SHOULD A TRUSTEE HAVE A CONFLICT, THAT CONFLICT WOULD BE REVIEWED BY THE BOARD CHAIR/EXECUTIVE COMMITTEE AND STEPS TAKEN WOULD BE DEFINED BASED ON THE CONFLICT AND ANY POTENTIAL IMPACTS IT COULD HAVE ON THE SCHOOL AND IT'S DECISION MAKING. POSSIBLE SANCTIONS COULD INCLUDE REQUIRING THE TRUSTEE RECUSE THEMSELVES FROM PROCEEDINGS AND DECISION MAKINGS, OR REMOVAL FROM THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES REVIEWS ANNUALLY COMPARABLE DATA FOR THE HEAD OF SCHOOL (CEO). THIS DATA INCLUDES A REVIEW OF HEAD OF SCHOOL COMPENSATION AND BENEFITS USING THE INDUSTRY'S PRIMARY DATA SOURCE, NAIS (NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS), AS WELL AS CALIFORNIA SPECIFIC DATA. AS PART OF THIS PROCESS, AND USING THE NAIS DATABASE, THE BOARD REVIEWS THE HEAD OF SCHOOL'S COMPENSATION FROM 20 SCHOOLS THAT ARE COMPARABLE TO CATE IN A VARIETY OF FACTORS INCLUDING SIZE OF STUDENT OPERATIONS, STRENGTH OF PROGRAM, AND WITH WHOM WE COMPETE FOR STUDENTS AND FACULTY. THE BOARD AND HEAD OF SCHOOL UNDERTAKE AN ANNUAL REVIEW PROCESS ON THE WORK OF THE HEAD OF SCHOOL AND THAT, TOO, IS PART OF THE FINAL COMPENSATION SETTING FOR THE SUBSEQUENT SCHOOL YEAR. IN ADDITION, THE HEAD OF SCHOOL USES THE NAIS DATABASE WHEN SETTING ANNUAL COMPENSATION FIGURES FOR THE OTHER OFFICERS AND KEY EMPLOYEES. USING THE SAME 20 SCHOOLS IN THE NAIS, THE HEAD OF SCHOOL REVIEWS THE COMPENSATION DATA FOR THE KEY ADMINISTRATORS AT THE SCHOOL TO ENSURE MARKETPLACE REASONABLENESS AND SIMILARLY LOOKS AT THE CALIFORNIA LANDSCAPE IN ADDITION TO NAIS. THE CALISBOA DATABASE IS A KEY RESOURCE IN GATHERING INFORMATION SPECIFIC TO CALIFORNIA. THIS PROCESS WAS LAST COMPLETED IN 2025 FOR THE HEAD OF SCHOOL BY THE TRUSTEES AND FOR KEY ADMINISTRATORS BY THE HEAD OF SCHOOL. FORM 990, PART VI, SECTION C, LINE 19 THE 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 24,929. LOSS ON UNCOLLECTIBLE CONTRIBUTION RECEIVABLE -16,508. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT AND SELECTION OF THE INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR.