2023-04-05T18:42:12-05:00 2022-06-30 946214841 ARMANINO LLP 12657 ALCOSTA BLVD STE 500 SAN RAMON CA 945834600 990 2021-07-01 951875978 LA JOLLA COUNTRY DAY SCHOOL LAJO 8584533440 9490 GENESEE AVENUE LA JOLLA CA 92037 DAVID A SIGAL CFO CFO 8584533440 2023-04-05 1 DAVID SIGAL CFO 999009999 KATY BROWN P00650274 9257902600 2023-04-05 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z DR GARY KRAHN 9490 GENESEE AVENUE LA JOLLA CA 92037 75457071 0 X WWW.LJCDS.ORG X 1926 CA TO PREPARE INDIVIDUALS FOR A LIFETIME OF INTELLECTUAL EXPLORATION AND PERSONAL GROWTH. 25 25 396 265 0 0 3209297 3390027 39703750 41830988 9821432 663066 96896 116971 52831375 46001052 4912962 4509781 0 0 25236869 27134591 0 0 1147020 11572042 13528058 41721873 45172430 11109502 828622 109896777 114865046 51684224 58503145 58212553 56361901 LA JOLLA COUNTRY DAY SCHOOL PREPARES INDIVIDUALS FOR A LIFETIME OF INTELLECTUAL EXPLORATION, PERSONAL GROWTH AND SOCIAL RESPONSIBILITY. 0 0 38641200 4509781 41830988 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. THESCHOOL HAS CAPACITY FOR 1,200 STUDENTS FROM NURSERY THROUGH 12TH GRADE. 38641200 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 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 117 0 1 396 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 8584533440 9409 REGENTS ROAD LA JOLLA CA 92037 LUCY SMITH CONROY TRUSTEE 1.00 X 0 0 0 LISA BICKER MARTIN TRUSTEE 1.00 X 0 0 0 NATALIA BURGETT TRUSTEE 1.00 X 0 0 0 KAREN DESCHAINE BOARD PRESIDENT 1.00 X X 0 0 0 ALEXIA BROWN TRUSTEE 1.00 X 0 0 0 JACK CHITAYAT TRUSTEE 1.00 X 0 0 0 RUSSELL HOLMES TRUSTEE 1.00 X 0 0 0 BOB KAIN TRUSTEE 1.00 X 0 0 0 JAMES KELLY TRUSTEE 1.00 X 0 0 0 FAISEL KHAN TRUSTEE 1.00 X 0 0 0 DANA MEISELMAN TRUSTEE 1.00 X 0 0 0 AMY MISCHLER TRUSTEE 1.00 X 0 0 0 JENNIFER O'BRIEN BOARD SECRETARY 1.00 X X 0 0 0 JEFF O'NEILL BOARD TREASURER 1.00 X X 0 0 0 TONY TORANTO BOARD VICE PRESIDENT 1.00 X X 0 0 0 SUSAN TOUSI TRUSTEE 1.00 X 0 0 0 JING ZENG TRUSTEE 1.00 X 0 0 0 CHARLES BERGAN TRUSTEE 1.00 X 0 0 0 SCOTT CARTWRIGHT TRUSTEE 1.00 X 0 0 0 SANDRA COUFAL TRUSTEE 1.00 X 0 0 0 MARINA MARRELLI TRUSTEE 1.00 X 0 0 0 MICAH PARZEN TRUSTEE 1.00 X 0 0 0 LORRI SULPIZIO TRUSTEE 1.00 X 0 0 0 MARCIA COBB TRUSTEE 1.00 X 0 0 0 DERMOT O'SHEA TRUSTEE 1.00 X 0 0 0 GARY KRAHN HEAD OF SCHOOL 40.00 X 656340 0 32638 DAVID SIGAL CHIEF FINANCIAL OFFICER 40.00 X 272834 0 31268 COLLEEN O'BOYLE ASST. HOS FOR ACADEMIC AFFAIRS 40.00 X 204949 0 26717 THOMAS TROCANO HEAD OF UPPER SCHOOL 40.00 X 187175 0 24528 PAYTON HOBBS HEAD OF LOWER SCHOOL 40.00 X 175948 0 23203 JENNIFER JUNE CHIEF PHILANTHROPY OFF (THROUGH 9/21) 40.00 X 227636 0 17497 GEORGE MITCHELL ASST. HOS ACADEMIC ADVANCEMENT 40.00 X 195553 0 27447 1920435 0 183298 47 0 1 0 SAGE DINING SERVICES INC 1402 YORK ROAD SUITE 100 LUTHERVILLE MD 21093 FOOD SERVICES 1247548 SANDSTRAND SERVICES 4858 RONSON COURT SUITE B SAN DIEGO CA 92111 JANITORIAL SERVICES 502606 UC REGENTS 9500 GILMAN DRIVE 0121 LA JOLLA CA 92093 COVID TESTING 472316 DEMPSEY CONSTRUCTION 1835 ASTON AVENUE CARLSBAD CA 92008 CONSTRUCTION PROJECTS 248247 ALLIED UNIVERSAL SECURITY SERVICES PO BOX 31001-2374 PASADENA CA 91110 SECURITY SERVICES 226355 10 754765 489153 2146109 167636 3390027 TUITION REVENUE 611600 40455479 40455479 AUXILIARY SERVICE FEES 611600 1068832 1068832 SERVICE CHARGES 611600 115657 115657 OTHER REVENUE 611600 114050 114050 APPLICATION FEES 611600 76970 76970 41830988 677269 677269 23059 0 23059 23059 23059 29280993 7500 29302696 0 -21703 7500 -14203 -14203 247235 754765 153323 93912 93912 46001052 41830988 0 780037 4509781 4509781 1060081 140773 778535 140773 20335315 17443825 2291620 599870 1303178 1072072 187439 43667 2888679 2465771 341601 81307 1547338 1272932 222557 51849 134172 134172 64320 64320 178536 178536 1668484 1254375 405560 8549 50054 50054 4276803 4071054 138759 66990 392643 328473 49769 14401 654622 621422 28002 5198 65412 61952 886 2574 1524328 1384376 120898 19054 3021235 2868007 129236 23992 494366 434574 52758 7034 EQUIPMENT RENTAL 311819 310896 747 176 OTHER EXPENSES 308688 125700 101534 81454 TRAINING 297072 275217 21723 132 BAD DEBT EXPENSE 85504 85504 45172430 38641200 5384210 1147020 795062 752929 16174544 4491579 803593 10719 143360 160185 21659 17577 1671680 1601387 84153076 41895109 43493018 42257967 10938485 34923970 35786667 30593148 68709 55585 109896777 114865046 2002768 2161497 10550322 22157685 23904716 22859971 7801195 7457242 7425223 3866750 51684224 58503145 X 48819272 46974969 9393281 9386932 58212553 56361901 109896777 114865046 X 828622 -6224623 3545349 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 42804299 295014 -5739292 247045 37112976 33630882 223340 9177190 227113 42804299 30642571 2968082 261235 241006 33630882 29190088 163733 1837653 548903 30642571 27135651 401172 2178842 525577 29190088 0.86730 0.09670 0.03600 1 0 9906179 9906179 66764509 36277154 30487355 7011095 5617955 1393140 471293 471293 42257967 PRIVATE EQUITY 465246 F REAL ESTATE 585491 F VENTURE CAPITAL 842696 F ANGELES PRIVATE MARKETS FUND 889812 F ANGELES ABSOLUTE RETURN FUND 4169676 F ANGELES DIVERSIFIED INCOME FUND 7324118 F ANGELES GLOBAL EQUITY FUND 15808509 F ANGELES PRIVATE CREDIT FUND 507600 F 30593148 INTEREST RATE SWAP 3866750 3866750 X 38807333 -6224623 20549 3698672 -2505402 41312735 178536 4509781 4688317 46001052 40657985 20549 153323 173872 40484113 178536 4509781 4688317 45172430 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, 2022, 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 -13,124. CHANGE IN VALUE OF INTEREST RATE SWAPS 3,558,473. DIRECT FUNDRAISING EXPENSES 153,323. PART XI, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE 4,509,781. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 153,323. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE 4,509,781. 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. ANNUAL GALA 1002000 754765 247235 86905 4450 61968 1002000 754765 247235 86905 4450 61968 153323 93912 1 FINANCIAL AID 209 4489454 FMV DIRECT CREDIT TO STUDENT'S ACCOUNT FINANCIAL AID 21 20327 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 $1200. X X 1 1 X X X X 1 0 0 0 0 0 0 1 0 GARY KRAHN HEAD OF SCHOOL 466040 0 100000 0 90300 0 21750 0 10888 0 688978 0 0 0 DAVID SIGAL CHIEF FINANCIAL OFFICER 270927 0 0 0 1907 0 20470 0 10798 0 304102 0 0 0 JENNIFER JUNE CHIEF PHILANTHROPY OFF (THROUGH 9/21 123358 0 0 0 104278 0 9618 0 7879 0 245133 0 0 0 COLLEEN O'BOYLE ASST. HOS FOR ACADEMIC AFFAIRS 203200 0 0 0 1749 0 14645 0 12072 0 231666 0 0 0 GEORGE MITCHELL ASST. HOS ACADEMIC ADVANCEMENT 193513 0 1000 0 1040 0 15375 0 12072 0 223000 0 0 0 THOMAS TROCANO HEAD OF UPPER SCHOOL 184942 0 0 0 2233 0 13875 0 10653 0 211703 0 0 0 PAYTON HOBBS HEAD OF LOWER SCHOOL 167079 0 0 0 8869 0 12592 0 10611 0 199151 0 0 0 PART I, LINE 1A THE CURRENT HEAD OF SCHOOL'S SPOUSE OCCASIONALLY 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 THEM WITH A HOUSING ALLOWANCE WHICH IS REPORTED AS TAXABLE COMPENSATION ON FORM W-2. PART I, LINE 4A JENNIFER JUNE RECEIVED A SEVERANCE PAYMENT OF $78,009 WHICH WAS INCLUDED IN HER TAXABLE WAGES. PART I, LINE 7 THE HEAD OF SCHOOL IS AUTHORIZED TO MAKE NON-FIXED BONUSES TO EMPLOYEES AT THEIR 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 7022504 29850097 29850097 2010 1 0 1 1 A 0 0 0 0 0 0 1 A 0 1 1 1 1 0 0 1 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 339 FMV X 11 147887 FMV X OTHER AUCTION ITEMS 2 14000 FMV X PARTY SUPPLIES, FOOD, BOOKS., ETC 1 4610 X EQUIPMENT 1 800 FMV 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 -13,124. CHANGE IN VALUE OF INTEREST RATE SWAPS 3,558,473.