2026-04-28T10:31:58-05:00 2025-06-30 410746749 CLIFTONLARSONALLEN LLP 2875 MICHELLE DRIVE 300 IRVINE CA 92606 990 2024-07-01 330729698 SAGE HILL SCHOOL SAGE 9492191310 20402 NEWPORT COAST DRIVE NEWPORT COAST CA 92657 JILL LIVERMORE CFOO 9492191312 2026-04-20 1 1 LISA N RYSSEL CPA P00643670 7147955370 2026-04-20 2024 2025-03-06 01:10:19Z PATRICIA MERZ 20402 NEWPORT COAST DRIVE NEWPORT COAST CA 92657 56212818 0 X WWW.SAGEHILLSCHOOL.ORG X 1996 CA A PRIVATE COED HIGH SCHOOL THAT INSPIRES IN THEIR STUDENTS A LOVE OF KNOWLEDGE. 16 15 208 300 0 0 14083604 6669576 30368455 32713445 1862122 3448921 -56408 -98289 46257773 42733653 3235384 3639682 0 0 18127901 19435449 0 0 1650400 10547364 11821043 31910649 34896174 14347124 7837479 147702095 201731966 36764261 79375954 110937834 122356012 X WE INSPIRE IN OUR STUDENTS A LOVE OF KNOWLEDGE AND THE ABILITY TO USE THAT KNOWLEDGE CREATIVELY, COMPASSIONATELY AND COURAGEOUSLY THROUGHOUT THEIR LIVES.SAGE HILL SCHOOL'S COMMITMENT TO ACADEMIC EXCELLENCE AND OUR OUTSTANDING COLLEGE PREPARATION HAVE PROVIDED A TRANSFORMATIVE EXPERIENCE FOR OUR STUDENTS. ACADEMIC EXCELLENCE - SAGE HILL OFFERS A RIGOROUS, COMPREHENSIVE CURRICULUM THAT CHALLENGES AND INSPIRES STUDENTS TO TAKE RISKS, THINK CRITICALLY, AND USE WHAT THEY LEARN IN CLASS IN THE WORLD BEYOND OUR CAMPUS. OUR WORLD-CLASS EDUCATORS TEACH CLASSES THAT AVERAGE SIXTEEN STUDENTS AND FOSTER CURIOSITY, DISCOVERY, AND A PASSION FOR LEARNING. 0 0 27242491 3639682 32713445 SAGE HILL SCHOOL IS AN INDEPENDENT HIGH SCHOOL LOCATED ON 30 ACRES IN NEWPORT COAST, CALIFORNIA. THE SCHOOL PROVIDES MORE THAN 560 STUDENTS WITH SMALL CLASS SIZES THAT AVERAGE 16 STUDENTS PER TEACHER, OUTSTANDING ACADEMIC CURRICULA AND A DEDICATED TEAM OF COLLEGE COUNSELORS. THE SCHOOL OFFERS ITS STUDENTS A RICH AND DYNAMIC CURRICULUM THAT PROMOTES CRITICAL THINKING, COLLABORATION, AND CREATIVITY. OUTSIDE THE CLASSROOM, STUDENTS ARE ENCOURAGED TO PARTICIPATE IN ATHLETICS, EXPLORE THEIR ARTISTIC ABILITIES, AND ENGAGE IN THE WORLD BEYOND THE CAMPUS THROUGH SERVICE TO THE COMMUNITY, INTERNSHIPS AND EDUCATIONAL TRAVEL. 27242491 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 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 81 0 1 208 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 16 15 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X JILL LIVERMORE 9492190100 20402 NEWPORT COAST DRIVE NEWPORT COAST CA 92657 MIKE BOLEN BOARD CHAIR 1.00 X X 0 0 0 RICK LOWE VICE CHAIR 1.00 X X 0 0 0 SUDESH MARIAPPA TREASURER 1.00 X X 0 0 0 RICHARD LEE SECRETARY 1.00 X X 0 0 0 PRIYAN CHANDRARATNA TRUSTEE 1.00 X 0 0 0 CHRISTOPHER CUFF TRUSTEE 1.00 X 0 0 0 MOHIT MITTAL TRUSTEE 1.00 X 0 0 0 TOM ORRADRE TRUSTEE 1.00 X 0 0 0 COLLEEN RIVERS TRUSTEE 1.00 X 0 0 0 KIM STOBART TRUSTEE 1.00 X 0 0 0 KATHY WILK TRUSTEE 1.00 X 0 0 0 ALICE XU TRUSTEE 1.00 X 0 0 0 TYLER HU TRUSTEE 1.00 X 0 0 0 JENNIFER LEE TRUSTEE 1.00 X 0 0 0 LANEY TUCKER TRUSTEE 1.00 X 0 0 0 ARMIN ZERZA TRUSTEE 1.00 X 0 0 0 PATRICIA MERZ HEAD OF SCHOOL 40.00 X 950102 0 222428 JILL LIVERMORE CFOO 40.00 X 333991 0 28683 MATTHEW BALOSSI ASSISTANT HEAD OF SCHOOL 40.00 X 240305 0 106833 MATTHEW SAHLIN DIRECTOR OF ADVANCEMENT 40.00 X 224450 0 29483 PETER JORDAN DIRECTOR OF ADMISSIONS AND FINANCIAL AID 40.00 X 195909 0 53792 SANAN SHIRINIAN DIRECTOR OF SAGE CENTER 40.00 X 206711 0 22616 BRIAN MCMAHON ARTS DEPARTMENT FACULTY & DEPARTMENT CHAIR 40.00 X 182447 0 40999 2333915 0 504834 67 0 1 0 LPA INC PO BOX 7399 NEWPORT BEACH CA 926587399 ARCHITECT 1978477 ASPHALT FABRIC ENGINEERING INC 2683 LIME AVENUE SIGNAL HILL CA 90755 ARTIFICIAL TURF 1457484 MUSCO SPORTS LIGHTING LLC 2863 LIME AVE SIGNAL HILL CA 90755 OUTSIDE LIGHTING 759200 SNYDER LANGSTON 17962 COWAN IRVINE CA 92614 CONSTRUCTION SERVICES 432632 DIVERSIFIED THERMAL SERVICES INC 1220 N BARSTEN WAY ANAHEIM CA 92806 HVAC SERVICES 428226 26 357404 6312172 278034 6669576 TUITION AND FEES 611710 31670530 31670530 SUMMER AND ENRICHMENT PROGRAMS 611710 909559 909559 FORFEITED TUITION & DEPOSITS 611710 94956 94956 APPLICATION FEES 611710 38400 38400 32713445 3064525 3064525 38744 0 38744 38744 38744 13557148 12985394 187358 571754 -187358 384396 384396 80226 357404 306413 -226187 -226187 PARENT ASSOCIATION ACTIVITIES 900099 72750 72750 OTHER INCOME 900099 16404 16404 89154 42733653 32713445 0 3350632 3639682 3639682 1386582 304398 777786 304398 14344147 11221484 2353228 769435 875026 726983 109573 38470 1726621 1397438 282640 46543 1103073 658681 435370 9022 91559 91559 69882 69882 73641 73641 142470 23711 72647 46112 496918 496918 452997 169012 179896 104089 429512 393741 33377 2394 673602 634101 35645 3856 86306 26209 56361 3736 1372745 1292245 72641 7859 2860188 2692463 151351 16374 473449 402081 69306 2062 FACILITIES 1267866 1196245 64629 6992 ACADEMIC SUPPORT 675999 675999 SUMMER AND ENRICHMENT E 570644 570644 ATHLETICS 495781 495781 1587484 721593 576833 289058 34896174 27242491 6003283 1650400 435338 106933 38581798 45578368 5283680 6631655 6265 18535 331230 408497 120920257 39801181 67981097 81119076 33935205 66550877 1147482 1318025 147702095 201731966 4300011 6215056 17052784 18638816 15411466 54330754 0 191328 36764261 79375954 X 83756262 92720694 27181572 29635318 110937834 122356012 147702095 201731966 7837479 3580699 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 33936083 5000 4368613 386822 37922874 29635057 4664269 363243 33936083 26016421 216171 3402465 29635057 29023353 277806 -3284738 26016421 23091406 587390 5344557 29023353 0.59500 0.19800 0.20700 0 0 20128606 20128606 77604323 32610410 44993913 10533000 7038971 3494029 12654328 151800 12502528 81119076 CAPITAL LEASE 191328 191328 X 42030385 3580699 -4210326 -629627 42660012 73641 73641 42733653 30612207 0 30612207 73641 4210326 4283967 34896174 PART V, LINE 4: THE INTENDED USE OF ENDOWMENT FUNDS ARE FOR FINANCIAL AID AND OPERATIONS. 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. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES 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 -3,639,682. SUMMER AND ENRICHMENT EXPENSES -570,644. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 3,639,682. SUMMER AND ENRICHMENT EXPENSES 570,644. 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 HAS POSTED THE NOTICE ON A PROMINENT SPOT ON ITS MAIN WEBSITE. SPRING EVENT 437630 357404 80226 114414 112484 11800 67715 437630 357404 80226 114414 112484 11800 67715 306413 -226187 1 NEED BASED FINANCIAL AID 89 3639682 N/A N/A PART I, LINE 2: ON A NON-DISCRIMINATORY BASIS, THE FINANCIAL AID COMMITTEE DETERMINES THE ALLOCATION OF THE AWARD BASED ON NEED, UTILIZING DATA FROM A THIRD-PARTY FINANCIAL AID SERVICE. THE LIST OF STUDENTS RECEIVING FINANCIAL AID IS GIVEN TO THE BUSINESS OFFICE WHERE THE TUITION BILLING IS PROCESSED. 1 X X X X 0 1 0 0 0 0 0 1 0 PATRICIA MERZ HEAD OF SCHOOL 593267 0 330000 0 26835 0 191751 0 30677 0 1172530 0 0 0 JILL LIVERMORE CFOO 331120 0 0 0 2871 0 23450 0 5233 0 362674 0 0 0 MATTHEW BALOSSI ASSISTANT HEAD OF SCHOOL 238524 0 0 0 1781 0 18322 0 88511 0 347138 0 0 0 MATTHEW SAHLIN DIRECTOR OF ADVANCEMENT 222855 0 0 0 1595 0 16032 0 13451 0 253933 0 0 0 PETER JORDAN DIRECTOR OF ADMISSIONS AND FINANCIAL 194056 0 0 0 1853 0 15016 0 38776 0 249701 0 0 0 SANAN SHIRINIAN DIRECTOR OF SAGE CENTER 201763 0 0 0 4948 0 14226 0 8390 0 229327 0 0 0 BRIAN MCMAHON ARTS DEPARTMENT FACULTY & DEPARTMENT 172360 0 0 0 10087 0 12342 0 28657 0 223446 0 0 0 PART I, LINE 4B DEFERRED COMPENSATION PLAN PROVISIONS CERTAIN OFFICERS AND OTHERS LISTED IN PART VII, SECTION A, LINE 1A PARTICIPATE IN A 457F DEFERRED COMPENSATION PLAN. NAME: PATRICIA MERZ, 2024 CALENDAR YEAR AMOUNT: $167,601. PART I, LINE 7 BONUS PAID TO PATRICIA MERZ OF $330,000. SCHEDULE J, PART II, COLUMN (B) FOR CLARIFICATION, THE SCHEDULE J COLUMN B AMOUNTS REFLECT W-2 WAGES FOR THE 2024 CALENDAR YEAR. SCHEDULE J, PART II, COLUMN (D) INCLUDED IN NONTAXABLE BENEFITS ARE: HEALTH INSURANCE PREMIUMS, TUITION REMISSION AND CAFETERIA PLANS. A CALIFORNIA ENTERPRISE DEVELOPMENT AUTHORITY 332273601 13067RFJ7 2024-11-21 54963456 CONSTRUCTION BOND 0 0 0 A 54963456 682947 10366340 15281123 28633046 1 0 0 0 A 0 0 0 0 0 0 1 A 0 0 0 0 0 0 0 0 1 A 1 BOARD MEMBER 39780 FINANCIAL AID FINANCIAL AID X 4 278034 FAIR MARKET VALUE 0 0 1 1 PART I, COLUMN (B): REPRESENTS THE NUMBER OF CONTRIBUTIONS RECEIVED DURING THE FISCAL YEAR. PART I, LINE 32B: ALL STOCK GIFTS DONATED TO THE SCHOOL ARE SENT DIRECTLY TO THE BANK. THE SCHOOL SELLS STOCK AS SOON AS PRACTICAL UPON RECEIPT. FORM 990, PART VI, SECTION A, LINE 1A THE BOARD OF TRUSTEES MAY APPOINT ONE OR MORE COMMITTEES, EACH CONSISTING OF AT LEAST TWO TRUSTEES AND DELEGATE TO SUCH COMMITTEES ANY AUTHORITY OF THE BOARD; PROVIDED, HOWEVER, THAT NO COMMITTEE SHALL HAVE THE AUTHORITY TO TAKE ANY OF THE FOLLOWING ACTIONS: A. THE FILLING OF VACANCIES ON THE BOARD OF TRUSTEES OR IN ANY COMMITTEE, WHICH HAS THE AUTHORITY OF THE BOARD; B. THE SETTING OF THE NUMBER OF TRUSTEES WITHIN A RANGE SPECIFIED WITHIN THE BYLAWS OR THE ELECTION OR REMOVAL OF TRUSTEES; C. THE AMENDMENT OR REPEAL OF BYLAWS OR THE ADOPTION OF NEW BYLAWS; D. THE AMENDMENT OR REPEAL OF ANY RESOLUTION OF THE BOARD OF TRUSTEES, WHICH BY ITS EXPRESS TERMS IS NOT SO AMENDABLE OR REPEATABLE; E. THE APPOINTMENT OF COMMITTEES OR THE MEMBERS OF SUCH COMMITTEES; F. THE EXPENDITURE OF CORPORATE FUNDS TO SUPPORT A NOMINEE FOR TRUSTEE AFTER THERE ARE MORE PERSONS NOMINATED FOR TRUSTEE THAN CAN BE ELECTED; G. THE APPROVAL OF ANY SELF-DEALING TRANSACTION, EXCEPT AS PROVIDED IN CALIFORNIA CORPORATIONS CODE SECTION 5233(D)(3); H. THE APPROVAL OF ANY ACTION FOR WHICH THE CALIFORNIA NONPROFIT BENEFIT CORPORATION LAW ALSO REQUIRES APPROVAL OF THE MEMBERS OR APPROVAL OF A MAJORITY OF ALL MEMBERS EVEN THOUGH THE CORPORATION HAS NO MEMBERS; I. THE FIXING OF COMPENSATION OF THE TRUSTEES FOR SERVING ON THE BOARD OR ON ANY COMMITTEE. FORM 990, PART VI, SECTION A, LINE 2 RICK LOWE'S FINANCIAL ADVISORY FIRM HAS BUSINESS RELATIONSHIPS WITH SEVERAL BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING, A DRAFT OF THE 990, WITHOUT SCHEDULE B, IS REVIEWED WITH THE MEMBERS OF THE AUDIT COMMITTEE. A DRAFT OF THE 990, WITHOUT SCHEDULE B IS ALSO CIRCULATED TO ALL TRUSTEES FOR THEIR REVIEW PRIOR TO FILING. IN ADDITION, AND ALSO PRIOR TO THE FILING, THE CHAIR AND VICE CHAIR OF THE BOARD OF TRUSTEES ARE GIVEN A COMPLETE COPY OF THE FORM 990 TO REVIEW, INCLUDING SCHEDULE B. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY APPLIES TO ANY DIRECTOR, TRUSTEE, PRINCIPAL OFFICER, OR MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS, WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST. ON AN ANNUAL BASIS, ALL BOARD MEMBERS, OFFICERS AND KEY EMPLOYEES SIGN THE CONFLICT OF INTEREST POLICY AGREEING THAT THEY HAVE RECEIVED AND UNDERSTAND THE POLICY. THEY ALSO SIGN THE SUPPLEMENT TO THE CONFLICT OF INTEREST POLICY THAT ADDRESSES AND DISCLOSES ISSUES OF RELATED PARTY TRANSACTIONS. THIS IS NORMALLY DOCUMENTED AT THE FIRST BOARD MEETING OF THE YEAR. AFTER DISCLOSURE OF THE CONFLICT AND DISCLOSURE OF ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. WHERE A POTENTIAL CONFLICT OF INTEREST EXISTS, IT SHALL BE THE RESPONSIBILITY OF THE PERSON INVOLVED OR ANY OTHER PERSON WITH KNOWLEDGE TO NOTIFY THE BOARD OF TRUSTEES OF THE POTENTIAL CONFLICT, SO THAT THE BOARD OF TRUSTEES CAN PROVIDE SUCH GUIDANCE AND TAKE SUCH ACTION AS IT SHALL DEEM APPROPRIATE. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE GOVERNING BOARD OR COMMITTEE MEETING, BUT AFTER THE PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. THE CHAIRPERSON OF THE GOVERNING BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE ORGANIZATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE ORGANIZATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. VIOLATIONS OF THE CONFLICTS OF INTEREST POLICY - IF THE GOVERNING BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE MEMBER'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE GOVERNING BOARD OR COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION INCLUDING BUT NOT LIMITED TO ABSTAIN FROM VOTE, REMEDY OF THE CONFLICT AND BOARD RESIGNATION. THE INDIVIDUAL WOULD NOT BE PRESENT IN THESE MEETINGS. FORM 990, PART VI, SECTION B, LINE 15 THE ANNUAL PROCESS FOR DETERMINING COMPENSATION OF THE ORGANIZATIONS TOP MANAGEMENT OFFICIALS AS WELL AS OTHER OFFICERS AND KEY EMPLOYEES INCLUDES REVIEW AND APPROVAL BY THE COMPENSATION COMMITTEE, USE OF COMPARABILITY DATA AND CONTEMPORANEOUS DOCUMENTATION OF THE DELIBERATION AND DECISION. THE SCHOOL HAS A COMPENSATION COMMITTEE COMPOSED OF TRUSTEES. THE COMPENSATION COMMITTEE MEETS AS NEEDED TO DISCUSS AND APPROVE THE COMPENSATION PACKAGE OF THE HEAD OF SCHOOL. OTHER SCHOOL OFFICERS AND KEY EMPLOYEES' COMPENSATION IS REVIEWED BY THE COMPENSATION COMMITTEE BUT THE HEAD OF SCHOOL APPROVES THEIR COMPENSATION PACKAGES. COMPARABILITY DATA FROM THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOL'S DATABASE IS CIRCULATED TO THE COMMITTEE PRIOR TO THE REVIEW MEETING AND IS DISCUSSED AT THE MEETING. COMPARATIVE DATA GROUPS INCLUDE SIMILAR TYPE SCHOOLS ( I.E., INDEPENDENT, NON-PROFIT, COED, DAY ONLY) AND SCHOOLS WITH SIMILAR NUMBERS OF STUDENTS AND OPERATING EXPENSES. MINUTES OF THE MEETING ARE KEPT IN THE BUSINESS OFFICE. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2025. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND POLICY STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR.