2026-05-14T16:47:10-05:00 2025-06-30 332621854 CRI CAPIN CROUSE ADVISORS LLC 345 MASSACHUSETTS AVE STE 300 INDIANAPOLIS IN 46204 990 2024-07-01 953408913 ST MARGARET OF SCOTLAND EPISCOPAL SCHOOL STMA 9496610108 31641 LA NOVIA AVE SAN JUAN CAPISTRANO CA 92675 ALANNA CAJTHAML CFOO 9496610108 2026-05-14 1 1 ASHLEY PEABODY P01385870 5055022746 2026-05-14 2024 2025-03-06 01:10:19Z JENEEN GRAHAM 31641 LA NOVIA AVE SAN JUAN CAPISTRANO CA 92675 65609220 0 X WWW.SMES.ORG X 1992 CA A COLLEGE PREPARATORY SCHOOL THAT SERVES OVER 1,200 STUDENTS FROM PRESCHOOL THROUGH GRADE TWELVE. 21 21 538 100 0 0 11486038 6286785 52139573 55035955 2080311 861380 333143 50330 66039065 62234450 7354103 7747384 0 0 31724187 33764739 0 0 1421549 16591464 16817865 55669754 58329988 10369311 3904462 147406780 156269353 55748652 58237323 91658128 98032030 X THE SPECIFIC AND PRIMARY PURPOSES FOR WHICH THIS SCHOOL WAS FORMED ARE AS FOLLOWS: (A) TO PROMOTE AND FOSTER, IN CONJUNCTION WITH THE PROTESTANT EPISCOPAL CHURCH IN THE DIOCESE OF LOS ANGELES, (CONTINUED ON SCHEDULE O)THE DEVELOPMENT OF THE INTELLECTUAL, SPIRITUAL AND PHYSICAL CAPACITIES OF EACH STUDENT ENROLLED IN THE SCHOOL, (B) TO PREPARE STUDENTS FOR HIGHER EDUCATION, AND (C) TO SERVE AS A NONPROFIT, INDEPENDENT EPISCOPAL SCHOOL IN SERVICE TO FAMILIES OF THE COMMUNITY WITHOUT REFERENCE TO RACE, COLOR, SEX, RELIGION, OR NATIONAL ORIGIN. 0 0 49478788 7608570 53086929 A COLLEGE PREPARATORY SCHOOL THAT SERVES OVER 1,200 STUDENTS FROM PRESCHOOL THROUGH GRADE TWELVE IN KEEPING WITH THE EPISCOPAL TRADITION OF EDUCATION. THIS CLASSICAL LEARNING ENVIRONMENT PAIRS EXCELLENT ACADEMICS WITH A WIDE VARIETY OF EXTRA-CURRICULAR ACTIVITIES, INCLUDING ATHLETICS, FINE ARTS, AND COMMUNITY SERVICE PROVIDING AN ENVIRONMENT THAT DEVELOPS CHARACTER AND VALUES. STUDENTS DEVELOP THE CONFIDENCE AND INTEGRITY TO PURSUE LIFELONG COMMITMENT TO SPIRITUAL AND INTELLECTUAL GROWTH. 852144 138814 970043 SUMMER SCHOOL PROGRAMS - SUMMER AT ST. MARGARET'S FOSTERS EXPLORATION, INNOVATION, COLLABORATION, AND INDEPENDENCE IN A NURTURING, SMALL-GROUP ENVIRONMENT, BUILDING ON THE SCHOOL'S MISSION OF EDUCATING THE HEARTS AND MINDS OF YOUNG PEOPLE FOR LIVES OF LEARNING, LEADERSHIP, AND SERVICE. CAMPS INCLUDE OUTDOOR ADVENTURES, ATHLETICS, PERFORMING AND VISUAL ARTS, AND ACADEMIC EXPLORATION. 406946 599597 DRAMA PRODUCTIONS AND DANCE INCOME ARE FOR SHOWS PUT ON BY THE STUDENTS AT VARIOUS TIMES DURING THE YEAR. PARENT TEACHER FELLOWSHIP MEMBERSHIP FEES SUPPORT COMMUNITY EVENTS. 237899 166600 WEE TARTAN DAYCARE CENTER PROVIDES BOTH FULLTIME AND PARTTIME DAYCARE SERVICES FOR UP TO FIFTEEN EMPLOYEES WHO HAVE INFANTS FROM THREE MONTHS OLD UP TO THREE YEARS OLD. 153401 212786 SPECIAL CAMP: SPECIAL CAMP IS A SUMMER PROGRAM RUN BY THE SCHOOL FOR SPECIAL NEEDS PERSONS OPEN TO THE PUBLIC. 391300 379386 51129178 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 1 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 1 69 0 1 538 1 0 0 0 0 0 1 1 0 0 0 0 1 0 X 21 21 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X JOHN MELLARD 9496610108 31641 LA NOVIA AVE SAN JUAN CAPISTRANO CA 92675 REV JOHN HARVEY TAYLOR CHAIRMAN 1.00 X X 0 0 0 DANA SULLIVAN PRESIDENT 1.00 X X 0 0 0 CATHLEEN STAHL VICE PRESIDENT 1.00 X X 0 0 0 PAUL C WESTHEAD SECRETARY 1.00 X X 0 0 0 BERNARD E SCHNEIDER TREASURER 1.00 X X 0 0 0 SUSAN E BROWN DIRECTOR 1.00 X 0 0 0 ROBERT D EDWARD CANON DIRECTOR 1.00 X 0 0 0 SUAD ELIAS-ATALA DIRECTOR 1.00 X 0 0 0 RYAN KORINKE DIRECTOR 1.00 X 0 0 0 BENN MCCALLISTER DIRECTOR 1.00 X 0 0 0 TANIA ROBERTSON DIRECTOR 1.00 X 0 0 0 MATTINGLY MESSINA DIRECTOR 1.00 X 0 0 0 ALETHEA MONGE DIRECTOR 1.00 X 0 0 0 VICTORIA OTTERBEIN DIRECTOR 1.00 X 0 0 0 MARK RISNER DIRECTOR 1.00 X 0 0 0 KATIE RODIN DIRECTOR 1.00 X 0 0 0 SAMUEL CORLISS JR DIRECTOR 1.00 X 0 0 0 JASON A WEISS DIRECTOR 1.00 X 0 0 0 ROGER YANG DIRECTOR 1.00 X 0 0 0 JESSICA KLAUSNER DIRECTOR 1.00 X 0 0 0 JAY SPENUZZA DIRECTOR 1.00 X 0 0 0 ALANNA CAJTHAML CFOO 40.00 X 333542 0 58158 JENEEN GRAHAM HEAD OF SCHOOL 40.00 X 453333 0 80492 JONATHAN TUFO EXEC DIRECTOR OF ADVANCEMENT 40.00 X 204928 0 95467 PATRICK BENDZICK ASSISTANT HEAD OF SCHOOL 40.00 X 199410 0 53496 JENNIFER BLOUNT LOWER SCHOOL PRINCIPAL 40.00 X 193377 0 51854 JOHN ECLEVIA DIR OF FACILITIES AND CONSTRUCTION 40.00 X 184780 0 52665 MIKE ALLISON MIDDLE SCHOOL PRINCIPAL 40.00 X 179287 0 85405 AMY ROBERTS UPPER SCHOOL PRINCIPAL 40.00 X 204000 0 19722 NIKKI IMAI DIRECTOR OF TECHNOLOGY 40.00 X 186546 0 30181 PHOEBE LARSON DIRECTOR OF ENROLLMENT MANAGEMENT 40.00 X 168025 0 47170 CRISELDA LOZON EARLY SCHOOL PRINCIPAL 40.00 X 147660 0 26113 DANIEL O'SHEA ATHLETIC DIRECTOR 40.00 X 146040 0 66931 MAILE BELLOSI ASST. LOWER SCHOOL PRINCIPAL 40.00 X 143610 0 26839 WILLIAM MOSELEY FORMER HEAD OF SCHOOL 0.00 X 1142225 0 0 JEANNINE CLARKE FORMER MIDDLE SCHOOL PRINCIPAL 40.00 X 104660 0 20571 3991423 0 715064 64 1 1 0 0 272046 255615 5759124 770039 6286785 TUITION 611110 50892124 50892124 STUDENT ACTIVITIES/FEE 611110 2194805 2194805 SUMMER SCHOOL/CAMP TUI 611110 1182829 1182829 DRAMA/OTHER PRODUCTION 900099 236750 236750 529447 529447 55035955 2207487 2207487 777082 1340360 -563278 -563278 -563278 1346107 -1346107 -1346107 -1346107 1246631 255615 649183 597448 597448 55250 39120 16130 16130 30 30 30 62234450 55035955 0 911710 7747384 7747384 2586521 2228193 290660 67668 1391336 1198584 156352 36400 23134918 19929878 2599785 605255 1742961 1501497 195865 45599 2891702 2491094 324955 75653 2017301 1737830 226694 52777 32395 32395 58099 58099 3134827 2690326 365451 79050 68653 13731 27461 27461 2156346 1794675 185787 175884 798504 785001 8775 4728 287097 277732 6086 3279 535675 496317 34893 4465 910264 863419 30444 16401 3421714 3245621 114440 61653 787286 763819 15251 8216 STUDENT ACTIVITIES 1449924 1449924 REPAIRS/MAINTENANCE 454762 434512 13160 7090 DUES & SUBSCRIPTIONS 400594 302008 95435 3151 SPECIAL EVENTS/PROGRAMS 273498 120661 38405 114432 2048227 1056972 958868 32387 58329988 51129178 5779261 1421549 1963805 1941452 16836942 13716623 6021860 5578807 246148 311821 56013 92087 783355 816045 131266643 48870277 80198069 82396366 41300588 51416152 147406780 156269353 3858979 5415943 29288904 31238078 15189987 14337211 7047791 6892525 362991 353566 55748652 58237323 X 67162862 73148584 24495266 24883446 91658128 98032030 147406780 156269353 X 3904462 2460016 9424 X 0 1 X 1 0 X 2354026 2322085 4478218 11486038 6286785 26927152 2354026 2322085 4478218 11486038 6286785 26927152 2331582 24595570 2822644 3459858 2904824 3077228 2984569 15249123 140193 76700 529293 590673 597448 1934307 34041 11769 46519 51406 55280 199015 44309597 234205144 0.55510 0.57140 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: GROSS GAMING REVENUE - 2022 AMOUNT: $ 46,000. 2023 AMOUNT: $ 51,250. 2024 AMOUNT: $ 55,250. MISC INCOME - 2020 AMOUNT: $ 34,041. 2021 AMOUNT: $ 11,769. 2022 AMOUNT: $ 519. 2023 AMOUNT: $ 156. 2024 AMOUNT: $ 30. SCHEDULE A, PART II: THE ORGANIZATION IS A SCHOOL AS DESCRIBED UNDER 170(B)(1)(A)(II) AND IS NOT REQUIRED TO COMPLETE A PUBLIC SUPPORT SCHEDULE. SCHEDULE A, PART II IS COMPLETED TO VERIFY THE SCHOOL CAN QUALIFY UNDER PUBLIC CHARITY STATUS SECTION 170(B)(1)(A)(VI) AND, THEREFORE, QUALIFIES TO USE THE FIRST LISTED SPECIAL RULE FOR SCHEDULE B REPORTING. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 23841521 986977 3161359 27989857 20091408 630790 3119323 23841521 17799424 444430 1847554 20091408 19252372 734953 -2187901 17799424 14793517 279317 4369538 190000 19252372 0.45110 0.54890 0.00000 0 0 28133176 28133176 88252376 43899995 44352381 5785726 4970282 815444 9095365 9095365 82396366 INTEREST RATE SWAP 353566 353566 X 56665378 188769 1989543 2178312 54487066 7747384 7747384 62234450 52760916 188769 1989543 2178312 50582604 7747384 7747384 58329988 PART V, LINE 4: THE PURPOSE OF THE ENDOWMENT IS TO PROVIDE LONG-TERM FINANCIAL STABILITY TO THE SCHOOL BY REDUCING THE BURDEN ON TUITION INCOME TO FUND FINANCIAL AID, PROGRAM ENHANCEMENT AND COMPETITIVE FACULTY COMPENSATION. PART X, LINE 2: THE SCHOOL HAS RECEIVED DETERMINATION LETTERS FROM THE INTERNAL REVENUE SERVICE AND THE CALIFORNIA FRANCHISE TAX BOARD INDICATING THAT IT QUALIFIES FOR EXEMPTION FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND CALIFORNIA FRANCHISE TAXES UNDER SECTION 23701(D) OF THE CALIFORNIA REVENUE AND TAXATION CODE. PRIOR TO ITS SEPARATE INCORPORATION, THE SCHOOL WAS EXEMPT FROM PAYING FEDERAL INCOME TAXES AND CALIFORNIA FRANCHISE TAXES THROUGH ITS AFFILIATION WITH THE DIOCESE. THE SCHOOL IS SUBJECT TO INCOME TAXES ON ANY NET INCOME THAT IS DERIVED FROM A TRADE OR BUSINESS, REGULARLY CARRIED ON, AND NOT IN FURTHERANCE OF THE PURPOSE FOR WHICH IT IS GRANTED EXEMPTION. NO INCOME TAX PROVISION HAS BEEN RECORDED AS THE NET INCOME, IF ANY, FROM ANY UNRELATED TRADE OR BUSINESS, IN THE OPINION OF THE SCHOOL'S MANAGEMENT, IS NOT MATERIAL TO THE CONSOLIDATED FINANCIAL STATEMENTS TAKEN AS A WHOLE. THE SCHOOL FOLLOWS ASC 740, ACCOUNTING FOR UNCERTAIN TAXES. UNDER ASC 740, THE SCHOOL IS REQUIRED TO EVALUATE THE TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE SCHOOL'S TAX RETURNS TO DETERMINE WHETHER THE TAX POSITIONS ARE "MORE- LIKELY-THAN-NOT" OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS NOT DEEMED TO MEET THE MORE-LIKELY-THAN-NOT THRESHOLD ARE REQUIRED TO BE RECORDED AS A TAX BENEFIT OR EXPENSE IN THE CURRENT YEAR. FOR THE YEARS ENDED JUNE 30, 2025 AND 2024, THE SCHOOL CONCLUDED THAT THERE WAS NO IMPACT FROM ASC 740. THE SCHOOL IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES 649,183. RENT EXPENSES 1,340,360. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 7,747,384. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES 649,183. RENT EXPENSES 1,340,360. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 7,747,384. 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 ORGANIZATION PUBLICIZED ITS RACIALLY NONDISCRIMINATORY POLICY ON THE HOMEPAGE OF ITS WEBSITE AT ALL TIMES DURING ITS TAX YEAR IN A MANNER REASONABLY EXPECTED TO BE NOTICED BY VISITORS. FOREVER PLAID FUNDRAISER 898220 187860 710360 232841 20505 133840 LIBRARY LUNCHEON 315638 67755 247883 116174 60947 3 288388 288388 63432 21444 1502246 255615 1246631 412447 20505 216231 649183 597448 55250 39120 1 0.80000 55250 39120 39120 16130 CA 0 AS A RELIGIOUS AND EDUCATIONAL ORGANIZATION, SMES IS EXEMPT FROM STATE RAFFLE REGISTRATION REQUIREMENTS, PER THE CALIFORNIA DEPARTMENT OF JUSTICE. 0 0 0 1.00000 ALANNA CAJTHAMIL 31641 LA NOVIA AVE SAN JUAN CAPISTRANO CA 92675 0 BETH ADAMANY 380 COORDINATE RAFFLE X 0 1 TUITION REMISSION 101 2308019 FINANCIAL AID 197 5439365 PART I, LINE 2: FINANCIAL AID: ST. MARGARET'S EPISCOPAL SCHOOL IS COMMITTED TO MAKING RESOURCES AVAILABLE TO PROVIDE NEED-BASED FINANCIAL SUPPORT TO QUALIFIED FAMILIES EACH SCHOOL YEAR. THE FINANCIAL SUPPORT COMMITTEE CAREFULLY EVALUATES THE INCOME AND ASSETS OF EACH FAMILY APPLYING FOR NEED-BASED AID AND AWARDS FINANCIAL ASSISTANCE ACCORDING TO A FAMILY'S DEMONSTRATED NEED. ST. MARGARET'S ASKS FAMILIES TO SUBMIT AN APPLICATION THROUGH CLARITY, WHICH UTILIZES NATIONAL METHODOLOGY TO CALCULATE A FAMILY'S FINANCIAL NEED. THIS METHODOLOGY ASSISTS ST. MARGARET'S IN DETERMINING A FAMILY'S FINANCIAL ABILITY TO CONTRIBUTE TOWARDS THE COST OF TUITION. TUITION REMISSION: ST. MARGARET'S OFFERS A TUITION REMISSION PROGRAM TO EMPLOYEES WHO REGULARLY WORK A MINIMUM OF 40 HOURS PER WEEK WITHIN THE ACADEMIC YEAR. TUITION REMISSION FOR CHILDREN OF REGULAR FULL-TIME EMPLOYEES, ACADEMIC YEAR FULL-TIME EMPLOYEES AND FULL-TIME FACULTY MEMBERS IS GRANTED UPON THE CHILD'S ADMISSION TO THE SCHOOL FOLLOWING ESTABLISHED ADMISSION POLICIES. EMPLOYEES WHO ARE GRANTED TUITION REMISSION RECEIVE 50% OF TUITION. IN SITUATIONS WHERE BOTH LEGAL PARENTS/GUARDIANS ARE EMPLOYED BY ST. MARGARET'S, THE EMPLOYEES WILL RECEIVE 75% TUITION REMISSION. X X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 WILLIAM MOSELEY FORMER HEAD OF SCHOOL 0 0 0 0 1142225 0 0 0 0 0 1142225 0 0 0 JENEEN GRAHAM HEAD OF SCHOOL 453333 0 0 0 0 0 42300 0 38192 0 533825 0 0 0 ALANNA CAJTHAML CFOO 333542 0 0 0 0 0 31294 0 26864 0 391700 0 0 0 JONATHAN TUFO EXEC DIRECTOR OF ADVANCEMENT 204928 0 0 0 0 0 20363 0 75104 0 300395 0 0 0 MIKE ALLISON MIDDLE SCHOOL PRINCIPAL 179287 0 0 0 0 0 17509 0 67896 0 264692 0 0 0 PATRICK BENDZICK ASSISTANT HEAD OF SCHOOL 199410 0 0 0 0 0 18956 0 34540 0 252906 0 0 0 JENNIFER BLOUNT LOWER SCHOOL PRINCIPAL 193377 0 0 0 0 0 18374 0 33480 0 245231 0 0 0 JOHN ECLEVIA DIR OF FACILITIES AND CONSTRUCTION 184780 0 0 0 0 0 18833 0 33832 0 237445 0 0 0 AMY ROBERTS UPPER SCHOOL PRINCIPAL 204000 0 0 0 0 0 19110 0 612 0 223722 0 0 0 NIKKI IMAI DIRECTOR OF TECHNOLOGY 186546 0 0 0 0 0 17777 0 12404 0 216727 0 0 0 PHOEBE LARSON DIRECTOR OF ENROLLMENT MANAGEMENT 168025 0 0 0 0 0 16922 0 30248 0 215195 0 0 0 DANIEL O'SHEA ATHLETIC DIRECTOR 146040 0 0 0 0 0 12323 0 54608 0 212971 0 0 0 CRISELDA LOZON EARLY SCHOOL PRINCIPAL 147660 0 0 0 0 0 13913 0 12200 0 173773 0 0 0 MAILE BELLOSI ASST. LOWER SCHOOL PRINCIPAL 143610 0 0 0 0 0 13703 0 13136 0 170449 0 0 0 JEANNINE CLARKE FORMER MIDDLE SCHOOL PRINCIPAL 104660 0 0 0 0 0 8993 0 11578 0 125231 0 0 0 PART I, LINE 1A AS A CONDITION OF EMPLOYMENT AND AS A CONVENIENCE TO THE SCHOOL, THE HEAD OF SCHOOL IS PROVIDED A HOME TO BE USED FOR FUNDRAISERS AND SCHOOL GATHERINGS. THE HEAD OF SCHOOL IS ALSO PROVIDED A HOME SO THAT SHE CAN BE AVAILABLE FOR PROMPT RESPONSE IN THE CASE OF AN EMERGENCY. THE HOME IS PROVIDED AS A NONTAXABLE BENEFIT TO THE HEAD OF SCHOOL. THE HEAD OF SCHOOL IS PROVIDED A MEMBERSHIP TO THE MARBELLA COUNTRY CLUB FOR FUNDRAISING AND OTHER SOCIAL ACTIVITIES. THE DUES ARE TREATED AS A NONTAXABLE BENEFIT TO THE HEAD OF SCHOOL. THE SCHOOL ALSO PROVIDES HOUSEKEEPING FOR THE HOME SINCE THE HEAD OF SCHOOL HOSTS FUNCTIONS FOR THE SCHOOL AT HER HOME. THE HOUSEKEEPING SERVICES ARE PROVIDED AS A NONTAXABLE BENEFIT TO THE HEAD OF SCHOOL. A CALIFORNIA INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK 630304653 13033W6N8 2010-11-18 25000000 REFUND 1/31/2008 BONDS 0 0 0 A 10385000 25133610 488250 160301 19380289 5104770 2011 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 1 0 1 1 ALLIED IRISH BANK 20.000000000000 1 0 0 0 A 0 SCHEDULE K, PART II, LINE 3 THE DIFFERENCE BETWEEN THIS AMOUNT AND THE AMOUNT REPORTED ON LINE 1 A (E) IS INTEREST INCOME EARNED ON THE BOND PROCEEDS. X 9 272046 MARKET VALUE X AUCTION ITEMS 409 497993 MARKET VALUE 0 0 1 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS REPRESENT THE NUMBER OF CONTRIBUTIONS RECEIVED, NOT THE NUMBER OF ITEMS DONATED. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL CONSIST OF SIX OR MORE MEMBERS OF THE BOARD INCLUDING THE CHAIR OF THE BOARD, OR HIS DESIGNATED REPRESENTATIVE, THE PRESIDENT, THE RECTOR OF ST. MARGARET'S EPISCOPAL CHURCH, THE TREASURER (IF A MEMBER OF THE BOARD), AND AT LEAST TWO OTHER TRUSTEES. AT LEAST ONE MEMBER OF THE EXECUTIVE COMMITTEE SHALL ALSO BE A MEMBER OF THE VESTRY OF ST. MARGARET'S CHURCH. WHEN THE BOARD IS NOT IN SESSION, THE EXECUTIVE COMMITTEE IS EMPOWERED TO ACT FOR THE BOARD, SUBJECT TO ANY PRIOR LIMITATIONS IMPOSED BY THE BOARD OR BY STATUTE. EXCEPT AS OTHERWISE PROVIDED IN THESE BYLAWS, THE BOARD MAY DELEGATE TO THE EXECUTIVE COMMITTEE FULL AUTHORITY TO ACT ON SPECIFIC MATTERS. IN ADDITION, THE EXECUTIVE COMMITTEE SHALL HAVE THE POWER TO ACCEPT GIFTS TO THE SCHOOL AND TO WITHHOLD ACCEPTANCE OF GIFTS TO THE SCHOOL. THE EXECUTIVE COMMITTEE, HOWEVER, SHALL NOT HAVE POWER TO ACT ON ANY OF THE FOLLOWING MATTERS: (1) THE APPROVAL OF ANY ACTION FOR WHICH APPROVAL OF THE ELECTOR IS REQUIRED. (2) THE FILLING OF VACANCIES ON THE BOARD OR ON ANY COMMITTEE WHICH HAS THE AUTHORITY OF THE BOARD. (3) THE FIXING OF COMPENSATION OF THE TRUSTEES FOR SERVING ON THE BOARD OR ON ANY COMMITTEE. (4) THE AMENDMENT OR REPEAL OF BYLAWS OR THE ADOPTION OF NEW BYLAWS. (5) THE AMENDMENT OR REPEAL OF ANY RESOLUTION OF THE BOARD WHICH BY ITSELF EXPRESS TERMS IS NOT SO AMENDABLE OR REPEAL ABLE. (6) THE APPOINTMENT OF COMMITTEES OF THE BOARD OR THE MEMBERS THEREOF. (7) THE APPROVAL OF ANY SELF-DEALING TRANSACTION EXCEPT AS PROVIDED IN PARAGRAPH (3) OF SUBDIVISION (D) OF SECTION 5233 OF THE PUBLIC BENEFIT CORPORATION LAW. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERSHIP OF THE BOARD WILL INCLUDE THE RECTOR OF ST. MARGARET'S CHURCH AND THREE MEMBERS OF THE PROTESTANT EPISCOPAL CHURCH THAT ARE DESIGNATED BY THE VESTRY OF ST. MARGARET'S CHURCH IN CONSULTATION WITH THE RECTOR AND THE EXISTING MEMBERS OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY AN INDEPENDENT TAX PREPARER AND REVIEWED IN DETAIL BY THE ORGANIZATION'S TOP MANAGEMENT. THE REVIEWED FORM 990 IS THEN PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EVERY YEAR EACH TRUSTEE IS GIVEN THE CURRENT REVISION OF THE TRUSTEE CODE OF ETHICS AND CONDUCT, WHICH SPELLS OUT THE REQUIREMENTS TO DISCLOSE CONFLICTS WHENEVER THEY OCCUR. THEY ARE REQUIRED, EACH YEAR, TO SIGN A COPY OF THE CODE ACKNOWLEDGING THAT THEY HAVE READ AND UNDERSTAND THE DOCUMENT. THESE ARE FILED WITH THE CFOO'S OFFICE. FORM 990, PART VI, SECTION B, LINE 15 LINE 15A: THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS UTILIZES A 3RD PARTY SERVICE TO ESTABLISH THE HEAD OF SCHOOL'S COMPENSATION PACKAGE. THIS OUTSIDE SERVICE RELIES IN PART ON AN INDEX THAT INCLUDES OTHER ORGANIZATIONS OF SIMILAR SIZE AND PURPOSE. ONCE THE EMPLOYMENT CONTRACT HAS BEEN APPROVED BY THE COMMITTEE, IT GOES TO THE EXECUTIVE COMMITTEE FOR FINAL APPROVAL. THE OUTCOME OF THE PROCESS IS DOCUMENTED IN BOARD MINUTES AS WELL AS A SIGNED CONTRACT. LINE 15B: COMPENSATION AND BENEFITS FOR OTHER OFFICERS AND KEY EMPLOYEES IS DETERMINED BY THE HEAD OF SCHOOL, CFOO, AND HUMAN RESOURCES DIRECTOR. IN MAKING THE DETERMINATION, THEY CONSULT INPUT FROM A 3RD PARTY COMPENSATION SERVICE THAT INCLUDES ORGANIZATIONS OF SIMILAR SIZE AND PURPOSE. THE RESULTS ARE DOCUMENTED IN EMPLOYMENT CONTRACTS SAVED IN EACH PERSON'S PERSONNEL FILE. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF INTEREST RATE SWAP 9,424. SMES PADS OWNER LLC 31641 LA NOVIA AVE SAN JUAN CAPISTRANO CA 92675 842122161 LESSOR OF OFFICE BUILDING SUITES DE 148245 6439064 ST MARGARET OF SCOTLAND EPISCOPAL SCHOOL SMES OFFICE OWNER LLC 31641 LA NOVIA AVE SAN JUAN CAPISTRANO CA 92675 842147367 LESSOR OF OFFICE BUILDING SUITES DE 626512 6089359 ST MARGARET OF SCOTLAND EPISCOPAL SCHOOL CALLE ARROYO PROPERTY LLC 31641 LA NOVIA AVE SAN JUAN CAPISTRANO CA 92675 OWNER OF PROPERTY CA 12000 0 ST MARGARET OF SCOTLAND EPISCOPAL SCHOOL ORTEGA III LLC 31641 LA NOVIA AVE SAN JUAN CAPISTRANO CA 92675 REAL PROPERTY OWNERSHIP CA 0 0 ST MARGARET OF SCOTLAND EPISCOPAL SCHOOL CHARITABLE REMAINDER UNITRUST (1) TRUST CA ST MARGARET OF SCOTLAND EPISCOPAL SCHOOL 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0