2025-03-18T20:26:55-05:00 2024-06-30 946214841 ARMANINO ADVISORY LLC 2700 CAMINO RAMON STE 350 SAN RAMON CA 945835004 990 2023-07-01 951875978 LA JOLLA COUNTRY DAY SCHOOL LAJO 8584533440 9490 GENESEE AVENUE LA JOLLA CA 92037 DAVID A SIGAL CFO 8584533440 2025-03-18 1 0 KATY BROWN P00650274 9257902600 2025-03-18 2023 2025-03-06 01:10:19Z DR GARY KRAHN 9490 GENESEE AVENUE LA JOLLA CA 92037 96026654 0 X WWW.LJCDS.ORG X 1926 CA TO PREPARE INDIVIDUALS FOR A LIFETIME OF INTELLECTUAL EXPLORATION AND PERSONAL GROWTH. 25 25 427 305 46842 7963 3109205 3970749 43621379 46656225 -1006832 3296243 78739 103735 45802491 54026952 5015647 5718097 0 0 28581239 30883926 105000 0 1798076 14023237 14402080 47725123 51004103 -1922632 3022849 117343667 122118616 56319388 55795994 61024279 66322622 LA JOLLA COUNTRY DAY SCHOOL PREPARES INDIVIDUALS FOR A LIFETIME OF INTELLECTUAL EXPLORATION, PERSONAL GROWTH AND SOCIAL RESPONSIBILITY. 0 0 43413687 5718097 46656225 LA JOLLA COUNTRY DAY SCHOOL PREPARES INDIVIDUALS FOR A LIFETIME OF INTELLECTUAL EXPLORATION, PERSONAL GROWTH AND SOCIAL RESPONSIBILITY WHILE INSPIRING GREATNESS FOR A BETTER WORLD. THE SCHOOL HAS CAPACITY FOR 1,200 STUDENTS FROM NURSERY THROUGH 12TH GRADE. 43413687 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 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 0 0 0 0 0 1 129 0 1 427 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 25 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X KELLY WHITE CONTROLLER 8584533440 9409 REGENTS ROAD LA JOLLA CA 92037 KAREN DESCHAINE BOARD PRESIDENT 1.00 X X 0 0 0 TONY TORANTO BOARD VICE PRESIDENT 1.00 X X 0 0 0 JEFF O'NEILL BOARD TREASURER 1.00 X X 0 0 0 ALEXIA BROWN BOARD SECRETARY 1.00 X X 0 0 0 CHARLES BERGAN TRUSTEE 1.00 X 0 0 0 NATALIA BURGETT TRUSTEE 1.00 X 0 0 0 SCOTT CARTWRIGHT TRUSTEE 1.00 X 0 0 0 NEAL CHANDOKE TRUSTEE 1.00 X 0 0 0 MAISHA COBB TRUSTEE 1.00 X 0 0 0 SANDRA COUFAL TRUSTEE 1.00 X 0 0 0 MICHAEL FEINMAN TRUSTEE 1.00 X 0 0 0 ANGELA FUKUMURA TRUSTEE (AS OF 7/23) 1.00 X 0 0 0 NOAH HELDMAN TRUSTEE (AS OF 7/23) 1.00 X 0 0 0 JAMES KELLY TRUSTEE 1.00 X 0 0 0 FAISEL KHAN TRUSTEE 1.00 X 0 0 0 MARINA MARRELLI TRUSTEE 1.00 X 0 0 0 AMY MISCHLER TRUSTEE 1.00 X 0 0 0 MARGIE NEWMAN TSAY TRUSTEE 1.00 X 0 0 0 JENNIFER O'BRIEN TRUSTEE 1.00 X 0 0 0 DERMOT O'SHEA TRUSTEE 1.00 X 0 0 0 MICAH PARZEN TRUSTEE 1.00 X 0 0 0 CHARLES PATTON TRUSTEE (AS OF 7/23) 1.00 X 0 0 0 LORRI SULPIZIO TRUSTEE 1.00 X 0 0 0 GLEN WOODS TRUSTEE 1.00 X 0 0 0 SUE ZHONG TRUSTEE 1.00 X 0 0 0 DR GARY KRAHN HEAD OF SCHOOL 40.00 X 624563 0 36504 DAVID SIGAL CHIEF FINANCIAL OFFICER 40.00 X 305023 0 34731 COLLEEN O'BOYLE ASST. HOS FOR ACADEMIC AFF 40.00 X 249452 0 46486 GEORGE MITCHELL ASST. HOS ACADEMIC ADVANCE 40.00 X 243066 0 29714 THOMAS TROCANO HEAD OF UPPER SCHOOL 40.00 X 199241 0 26527 KRISTY JOHNSON HEAD OF MIDDLE SCHOOL 40.00 X 187076 0 101776 JEFF HUTZLER ATHLETICS & PHYSICAL EDUCATION DIRECTOR 40.00 X 166331 0 24079 1974752 0 299817 78 0 1 0 SAGE DINING SERVICES 1402 YORK ROAD SUITE 100 LUTHERVILLE MD 21093 FOOD SERVICES 1611370 DEMPSEY CONSTRUCTION 1835 ASTON AVENUE CARLSBAD CA 92008 CONSTRUCTION PROJECTS 838805 SANDSTRAND SERVICES 4358 RONSON COURT SUITE B SAN DIEGO CA 92111 JANITORIAL SERVICES 543905 ALLIED UNIVERSAL SECURITY SERVICES PO BOX 31001-2374 PASADENA CA 91110 SECURITY SERVICES 439744 NATURALIST AT LARGE PO BOX 3517 VENTURA CA 93006 OUTDOOR EDUCATION SERVICES 243757 17 520170 3450579 160890 3970749 TUITION REVENUE 611600 44985417 44985417 AUXILIARY SERVICE FEES 611600 1384998 1384998 SERVICE CHARGES 611600 136708 136708 APPLICATION FEES 611600 77879 77879 OTHER REVENUE 611600 71223 71223 46656225 2021909 46842 1975067 57627 0 57627 57627 57627 43037225 14701 41777592 0 1259633 14701 1274334 1274334 251318 520170 214845 36473 36473 16900 7265 9635 9635 54026952 46656225 46842 3353136 5718097 5718097 1183715 125062 766844 291809 23105398 19921340 2322854 861204 1557919 1288738 205136 64045 3234086 2776109 356083 101894 1802808 1491314 237382 74112 209519 209519 80750 80750 165551 165551 2166523 1604024 443111 119388 46107 46107 4157015 3819873 233408 103734 270207 224984 35048 10175 701598 665036 29901 6661 9626 922 3073 5631 101733 95483 6250 1500978 1371094 101180 28704 3211676 3044305 136878 30493 656822 561630 73774 21418 OTHER EXPENSES 328055 130588 118872 78595 TRAINING 301988 275846 26142 EQUIPMENT RENTAL 300326 299242 871 213 BAD DEBT EXPENSE 193606 193606 51004103 43413687 5792340 1798076 1692648 2977890 5775964 5713396 51705 50100 231328 1293527 18965 12192 1835898 1810719 89073199 48004075 41177318 41069124 59097335 61909007 7406567 7223956 55939 58705 117343667 122118616 2253139 2990966 22785789 23614482 21772755 20646929 7099728 6729886 2407977 1813731 56319388 55795994 X 50934189 54866207 10090090 11456415 61024279 66322622 117343667 122118616 X 3022849 1678483 597011 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 40873163 636994 3681801 1036511 44155447 37112976 607997 3407874 255684 40873163 42804299 295014 -5739292 247045 37112976 33630882 223340 9177190 227113 42804299 30642571 2968082 261235 241006 33630882 0.86232 0.09740 0.04023 1 0 9906179 9906179 69726414 41356865 28369549 7949468 6647210 1302258 1491138 1491138 41069124 PRIVATE EQUITY 214654 F REAL ESTATE 573443 F VENTURE CAPITAL 639119 F ANGELES PRIVATE MARKETS FUND 1895895 F ANGELES ABSOLUTE RETURN FUND 1570620 F CCI CORE BOND FUND 1507280 F ANGELES PRIVATE CREDIT FUND 822945 F 7223956 INTEREST RATE SWAP 1813731 1813731 X 50640908 1678483 -5121086 -3442603 54083511 165551 -222110 -56559 54026952 45342565 222110 222110 45120455 165551 5718097 5883648 51004103 PART V, LINE 4: BOARD DESIGNATED ENDOWMENT FUNDS ARE USED AT THE DISCRETION OF THE BOARD, AND MAY VARY FROM TIME-TO-TIME. INTEREST AND DIVIDENDS EARNED ON DONOR-RESTRICTED ENDOWMENT FUNDS ARE USED FOR THE PURPOSE STIPULATED BY THE DONORS. THE SCHOOL HAS ENACTED A POLICY OF SPENDING PRINCIPAL OR PRINCIPAL APPRECIATION OF THE FUNDS (ABSENT DONOR REQUIREMENTS TO THE CONTRARY). PART X, LINE 2: THE SCHOOL IS A QUALIFIED SCHOOL EXEMPT FROM FEDERAL INCOME AND CALIFORNIA FRANCHISE TAXES UNDER THE PROVISIONS OF SECTIONS 501(C)(3) OF THE INTERNAL REVENUE CODE AND 23701(D) OF THE CALIFORNIA REVENUE AND TAXATION CODE, RESPECTIVELY. THE SCHOOL MANAGEMENT HAS EVALUATED ITS CURRENT TAX POSITIONS AND HAS CONCLUDED THAT AS OF JUNE 30, 2024, THE SCHOOL DOES NOT HAVE ANY SIGNIFICANT UNCERTAIN TAX POSITIONS FOR WHICH A RESERVE WOULD BE NECESSARY. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST 2,766. CHANGE IN VALUE OF INTEREST RATE SWAPS 594,245. TUITION ASSISTANCE -5,718,097. PART XI, LINE 4B - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES -222,110. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 222,110. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE 5,718,097. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 NOTICE OF NONDISCRIMINATORY POLICY IS ON ITS PRIMARY PUBLICLY ACCESSIBLE INTERNET HOMEPAGE IN A MANNER THAT IS REASONABLY EXPECTED TO BE NOTICED BY VISITORS. BLUE BASH ANNUAL GALA 771488 520170 251318 119384 12330 83131 771488 520170 251318 119384 12330 83131 214845 36473 16900 5800 1465 0 16900 5800 1465 7265 9635 CA 0 EDUCATIONAL INSTITUTIONS ARE NOT SUBJECT TO RAFFLE REGISTRATION WITH THE CALIFORNIA ATTORNEY GENERAL. 0 0 0 1.00000 KELLY WHITE 9409 REGENTS ROAD LA JOLLA CA 92037 0 LINDSAY MCCREARY 0 THE RAFFLE WAS COORDINATED BY OUR DIRECTOR OF PHILANTHROPY WHO IS AN EXEMPT EMPLOYEE. X 0 1 FINANCIAL AID 205 5702060 FMV DIRECT CREDIT TO STUDENTS' ACCOUNT FINANCIAL AID 15 16037 ACTUAL RECEIPT COMPUTER REIMBURSEMENT FOR BOYD PROGRAM PART I, LINE 2: ALL FINANCIAL ASSISTANCE IS TREATED AS A DIRECT CREDIT TO THE STUDENT ACCOUNT PROGRAM EXCEPT FOR OUR BRING YOUR OWN DEVICE PROGRAM. UNDER THIS PROGRAM, WE ASK THE FAMILIES TO PURCHASE THEIR OWN LAPTOPS FOR THE STUDENTS TO USE. THE FAMILIES PROVIDE A DETAILED RECEIPT TO THE SCHOOL. THE SCHOOL WILL THEM REIMBURSE THE PARENTS THE SAME PERCENTAGE THEY RECEIVE IN ASSISTANCE FOR THE LAPTOP UP TO $1,200. X X 1 1 X X X X 0 0 0 0 0 0 0 1 0 DR GARY KRAHN HEAD OF SCHOOL 508278 0 24074 0 92211 0 24750 0 11754 0 661067 0 0 0 DAVID SIGAL CHIEF FINANCIAL OFFICER 301801 0 150 0 3072 0 23014 0 11717 0 339754 0 0 0 COLLEEN O'BOYLE ASST. HOS FOR ACADEMIC AFF 247296 0 150 0 2006 0 18547 0 27939 0 295938 0 0 0 KRISTY JOHNSON HEAD OF MIDDLE SCHOOL 182843 0 0 0 4233 0 13873 0 87903 0 288852 0 0 0 GEORGE MITCHELL ASST. HOS ACADEMIC ADVANCE 240513 0 0 0 2553 0 18108 0 11606 0 272780 0 0 0 THOMAS TROCANO HEAD OF UPPER SCHOOL 197013 0 0 0 2228 0 14992 0 11535 0 225768 0 0 0 JEFF HUTZLER ATHLETICS & PHYSICAL EDUCATION DIREC 164384 0 0 0 1947 0 12329 0 11750 0 190410 0 0 0 PART I, LINE 1A THE CURRENT HEAD OF SCHOOL'S SPOUSE OCCASSIONALLY ACCOMPANIES THE HEAD OF SCHOOL ON BUSINESS TRIPS (WHEN DEEMED APPROPRIATE), THE VALUE OF WHICH IS REPORTED AS TAXABLE COMPENSATION ON THE CURRENT HEAD OF SCHOOL'S FORM W-2, WHEN REQUIRED. AS PART OF THE HEAD OF SCHOOL'S EMPLOYMENT CONTRACT, THE SCHOOL PROVIDES THE HEAD OF SCHOOL WITH HOUSING ALLOWANCE WHICH IS REPORTED AS TAXABLE COMPENSATION ON FORM W-2. PART I, LINE 7 THE HEAD OF SCHOOL IS AUTHORIZED TO MAKE NON-FIXED DISCRETIONARY BONUSES TO EMPLOYEES BASED ON PERFORMANCE. ANY SALARY INCREASES OR PERFORMANCE-BASED BONUSES OF THE HEAD OF SCHOOL WILL BE DETERMINED ON THE BOARD OF TRUSTEES' SOLE DISCRETION. A ABAG FINANCE AUTHORITY FOR NONPROFIT CORPORATIONS 943130123 00037CQQ6 2010-10-14 29850000 THE DATE OF ISSUANCE OF THE BONDS REFUNDED WERE 6/29/2006 AND 7/12/2007. 0 0 0 A 8922780 29850097 29850097 2010 1 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 1 1 0 0 0 1 A 1 SCHEDULE K, PART IV, ARBITRAGE, LINE 2C: (A) ISSUER NAME: ABAG FINANCE AUTHORITY FOR NONPROFIT CORPORATIONS THE FINAL ARBITRAGE REBATE AND YIELD RESTRICTION COMPLIANCE REPORT WAS COMPLETED ON 1/27/2014. ALL PROCEEDS WERE DEPLOYED SINCE. X 11 101136 PUBLICLY TRADED EXCHANGE X CONSTRUCTION MATERIALS 1 32633 FAIR MARKET VALUE X OTHER 1 12800 FAIR MARKET VALUE X COMPUTERS/SOFTWARE 2 8521 FAIR MARKET VALUE X JEWELRY 1 5800 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): THIS NUMBER REPRESENTS THE NUMBER OF CONTRIBUTORS AND NOT THE NUMBER OF ITEMS CONTRIBUTED. FORM 990, PART VI, SECTION B, LINE 11B THE SCHOOL'S FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM BASED UPON INFORMATION PROVIDED BY THE SCHOOL. A COMPLETE COPY IS REVIEWED BY INTERNAL MANAGEMENT OF THE SCHOOL FOR ACCURACY AND COMPLETENESS. THE AUDIT COMMITTEE, WHICH HAS RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT, THEN REVIEWS THE COMPLETE FORM 990. THE LAST STEP IN THE REVIEW PROCESS, A COMPLETE COPY OF THE FORM 990 IS MADE AVAILABLE FOR VIEWING TO EACH VOTING MEMBER OF THE SCHOOL'S GOVERNING BODY VIA A PASSWORD-PROTECTED WEBSITE BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY BY HAVING AN ANNUAL WRITTEN CONFIRMATION BY ALL AFFECTED INDIVIDUALS WHO ARE INSTRUCTED TO NOTIFY THE SCHOOL OF ANY SUBSEQUENT CHANGES. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST AS SOON AS REASONABLY PRACTICABLE AFTER THEY BECOME AWARE OF THE EXISTENCE OF SUCH CONFLICT OF INTEREST, DISCLOSE THE NATURE OF THEIR CONFLICT OF INTEREST AND ALL MATERIAL FACTS TO THE HEAD OF SCHOOL, WHO WILL, AS SOON AS REASONABLY PRACTICABLE, REPORT SUCH CONFLICT OF INTEREST TO THE BOARD OR ITS DELEGATED COMMITTEE. AFTER BEING NOTIFIED BY THE HEAD OF SCHOOL OF A CONFLICT OF INTEREST, THE BOARD OR ITS DELEGATED COMMITTEE SHALL DETERMINE, WITHOUT THE PRESENCE OF ANY INTERESTED PERSON WITH RESPECT TO SUCH CONFLICT OF INTEREST, WHETHER A CONFLICT OF INTEREST EXISTS AND WHAT ACTION TO TAKE. THE VOTE OF THE INTERESTED PERSON SHALL BE EXCLUDED FROM ANY VOTE WITH RESPECT TO THE MATTER INVOLVING THE CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING COMPENSATION OF THE SCHOOL'S HEAD OF SCHOOL AND OTHER KEY EMPLOYEES INVOLVES THE FOLLOWING: (1) IDENTIFICATION OF KEY EMPLOYEES, (2) REVIEW AND APPROVAL BY A SUBCOMMITTEE OF THE GOVERNING BODY AND THE BOARD OF TRUSTEES, (3) USE OF DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS, AND (4) CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING WITH RESPECT TO DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENT. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST 2,766. CHANGE IN VALUE OF INTEREST RATE SWAPS 594,245.