2019-05-13T10:41:28-07:00 2018-06-30 990 2017-07-01 951642398 The Thacher School Inc THAC 8056403237 5025 Thacher Road Ojai CA 93023 James Poulsen Asst. Treasurer 2019-05-13 2017 2019-02-21 02:37:17Z Michael Mulligan 5025 Thacher Aord Ojai CA 93023 48667110 false false X www.thacher.org X 1924 CA The Thacher School is a coeducational boarding high school (grades 9-12) serving academically talented students who will benefit from a rigorous college preparatory experience. Honor, fairness, kindness and truth are the cornerstones of school life. 31 30 245 400 -41165 -41165 31705493 23633818 14513282 14972889 -419955 10052975 319 -3584 45799139 48656098 3036795 3227899 0 11583247 12766431 0 3033864 12988723 14316427 27608765 30310757 18190374 18345341 280308928 300878360 36102800 35094860 244206128 265783500 The Thacher School is a coeducational boarding high school (grades 9-12) serving academically talented students who will benefit from a rigorous college preparatory experience. Honor, fairness, kindness and truth are the cornerstones of school life. false false 22023908 3227899 14931459 Regular Education Program: The philosophy of The Thacher School is rooted in the wisdom and work of its founder, Sherman Day Thacher, who embraced the extraordinary natural venue of his school and sought above all else to train his students in the art of living for their own greatest good and for the good of their fellow citizens. He believed the most worthwhile education combined a vigorous academic life with rugged outdoor activities that engendered self-reliance, concern for others, and fidelity to four principles: honor, fairness, kindness, and truth. The Thacher School recently unveiled a newly transformed Observatory and with the expertise of staff will facilitate educational pathways in astronomy, computer science, robotics and engineering. 162991 41430 Sierra Wilderness Program: Golden Trout Camp is an integral part of the wilderness and leadership training at Thacher. The program provides educational experience in health, wellness and wilderness training for disadvantaged your during the summer months. Additionally, GTC offers an educational experience for alumni and friends of The Thacher School. GTC is a throwback to an earlier time in the Sierra when hunting and fishing camps were common in the high country. Located at 10,200 feet, just south of one of the highest peaks in California, the camp offers access to one of the world's wildest ecosystems. 22186899 true true false false false false false false false true true true false false false true false true true false true false false false false false false false true true true false false false false false false false true true true true false false false false true false false false true 177 0 true 245 true true true false false false false false false 0 false false false false false false false false false false X 31 30 true false false false false false false true true false false false true true true true true true true false CA X The Thacher School Inc 8056403237 5025 Thacher Road Ojai CA 93023 Cabot Brown Board Chair 10.00 0.00 X X 0 0 0 Louise Patterson Board VP 5.00 0.00 X X 0 0 0 Cindy Castaneda Secretary 5.00 0.00 X X 0 0 0 Ted Williams reasurer 5.00 0.00 X X 0 0 0 Riley Bechtel Trustee 5.00 0.00 X 0 0 0 Meg Bi Trustee 2.00 0.00 X 0 0 0 Scott Brittingham Trustee 2.00 0.00 X 0 0 0 Christine Carter Trustee 2.00 0.00 X 0 0 0 David Chao Trustee 2.00 0.00 X 0 0 0 Bonawyn Eison Trustee 2.00 0.00 X 0 0 0 Mike Galgon Trustee 2.00 0.00 X 0 0 0 Sasha Gifford Trustee 2.00 0.00 X 0 0 0 Henrique Guerra Trustee 2.00 0.00 X 0 0 0 Holly Hancock Parent Chair 2.00 0.00 X 0 0 0 John L Hancock Parent Chair 2.00 0.00 X 0 0 0 Newlin Hastings Trustee 2.00 0.00 X 0 0 0 Douglas Hodge Trustee 2.00 0.00 X 0 0 0 Mark Holman Trustee 2.00 0.00 X 0 0 0 Annica Howard Trustee 2.00 0.00 X 0 0 0 Cristina Hudson Trustee 2.00 0.00 X 0 0 0 Bob Johnson Trustee 2.00 0.00 X 0 0 0 Lisa Kirkland Trustee 2.00 0.00 X 0 0 0 Jeff Lee Trustee 2.00 0.00 X 0 0 0 Stephanie Lynch Trustee 2.00 0.00 X 0 0 0 Tom McCloskey Trustee 2.00 0.00 X 0 0 0 Gretchen Milligan Trustee 2.00 0.00 X 0 0 0 Guadalupe Nickell Trustee 2.00 0.00 X 0 0 0 Mark Robinson Trustee 2.00 0.00 X 0 0 0 Brian Smallwood Trustee 2.00 0.00 X 0 0 0 John Wagner Trustee 2.00 0.00 X 0 0 0 Stefanie Warren Trustee 2.00 0.00 X 0 0 0 Dan Yih Trustee 2.00 0.00 X 0 0 0 Michael Mulligan Head of School 60.00 0.00 X 434045 0 161866 James Poulsen Asst Treasurer 40.00 0.00 X 229471 0 60819 Jeff Berndt Director of Development 40.00 0.00 X 251815 0 156202 Bill McMahon Director of Admissions 40.00 0.00 X 167815 0 55259 Blossom Pidduck Assist Head of Sch 40.00 0.00 X 149315 0 60028 Bonnie Sharer Controller 40.00 0.00 X 141229 0 22577 Ed Bennett Dir Facilities 40.00 0.00 X 134794 0 54699 Sandi White Dir of Major Gifts 40.00 0.00 X 126732 0 14192 1635216 585642 8 false true false Bon Appetit PO Box 50196 Los Angeles CA 90074 Food Service 1806773 Blackbird Architects Inc 235 Palm Ave Santa Barbara CA 93101 Architect 1574766 Irontown Homes 1947 N Chappel Drive Spanish Fork UT 84660 Manufactured homes 1419553 Mark Vanderwyk Construction 317 Prospect St Oak View CA 93022 Contractor 726178 Craig Young Construction 1129 Maricopa Hwy B-159 Ojai CA 93023 Contractor 640057 34 23633818 1001935 23633818 Sierra wilderness program 611600 41430 41430 Tuition & fees 611600 14931459 14931459 14972889 10038975 -41165 10080140 0 0 0 14000 14000 14000 14000 0 0 2480 11012 -8532 -8532 Rebates 611710 4948 4948 4948 48656098 14972889 -41165 10090556 0 3227899 3227899 0 0 1298852 386576 533838 378438 0 8216216 5836315 1307445 1072456 745241 414331 236088 94822 1810869 1239120 392864 178885 695253 405577 194424 95252 0 74996 74996 45013 45013 0 0 476483 476483 1131559 92258 648096 391205 440906 100919 180465 159522 1054478 772953 192505 89020 435928 364955 65637 5336 0 1842194 1739764 29838 72592 910402 390456 114505 405441 0 85224 43350 20128 21746 1523137 1472541 38387 12209 0 3063477 2866554 173156 23767 516419 158219 340983 17217 Food service 1764840 1763507 1333 Horse and outdoor program 620087 620087 Other operating expenses 331284 291518 23810 15956 0 30310757 22186899 5089994 3033864 5391951 2404101 19688569 25669440 39067959 32620948 387400 875141 0 0 0 52254 46748 746373 506472 98911172 32206555 63455851 66704617 0 150577657 171142178 0 421736 402992 519178 505723 280308928 300878360 1745216 2403352 1688386 908696 32475000 31635000 194198 147812 36102800 35094860 X 98314748 103426978 66360288 68415052 79531092 93941470 244206128 265783500 280308928 300878360 18345341 3232031 X false true X true false X 150577765 14899548 12979350 6838000 476298 171142181 137164323 7467586 13570362 7026789 597717 150577765 144834165 6409779 -6930957 6755000 393664 137164323 138802102 10009601 2307462 6285000 144834165 125647301 2028824 17001977 5876000 138802102 0.43000 0.50000 0.07000 true false false 1297102 1297102 72327658 25368632 46959026 14118503 4684121 9434382 2258934 1186962 1071972 8908975 966840 7942135 66704617 171142178 X 48183662 3231946 3231946 44951716 476483 3227899 3704382 48656098 26606375 26606375 476483 3227899 3704382 30310757 Part V, Line 4: Intended uses of the endowment fund. Endowment funds are intended to further the educational mission of the school by providing for financial aid and support of faculty and facilities. Part X : FIN48 Footnote Since the School is exempt from Federal and State income tax liability, no provision is made for current or deferred income taxes. The School uses the same accounting methods for tax and financial reporting.The accounting principles generally accepted in the United States of America provides accounting and disclosure guidance about positions taken by an organization in its exempt tax returns that might be uncertain. Management has considered its tax positions and believes that all of the positions taken by the School in its Federal and State exempt organization tax returns are more likely than not to be sustained upon examination. The School is subject to examinations by the U.S. Federal and State tax authorities from 2013 to present, generally for three years after they are filed. Part XI, Line 4b: Other revenue amounts included on 990 but not included in F/S Financial aid $3227899 Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S Financial aid $3227899 true true true true true true true false false false false false false false false false false true Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized The school publishes annually the non-discrimination policy in Los Angeles Times. The school also makes all interested parties aware of its non-discrimination policy through catalogs, brochures, and other such means during the solicitation period. Schedule E, Line 4 - Explanation of Records and Materials Not Maintained Schedule E, Line 5 - Explanation of Organization Discrimination by Race Caribbean 0 0 Investments 30949857 East Asia & Pacific 0 0 Student Recruitment 33963 East Asia & Pacific 0 0 Program Activities Conferences 16211 Central America 0 0 Program Activities Conferences 16000 31016031 31016031 true false false false false false Part I, Line 3f - Method of Accounting Investments are reported at fair market value consistent with U.S. GAAP Part I, Line 3f - Investments and Expenditures Investment of long term endowment funds are reported at book value which reflect the fair market value at year end. Valuations fluctuate based on realized and unrealized gains and losses. true 0 0 Financial aid grants 70 3227899 Fair market value Additional Supplemental Information In order to objectively establish financial need, The Thacher School subscribes to the services of the School Scholarship Service (SSS) which provides a financial aid need analysis based on information made available by families in a confidential Parent Financial Statement. By applying objective criteria in a specific formula, SSS is able to help establish a family's ability to pay the expected Parental Contribution, which is then adjusted for the number of other family members in tuition charging institutions and for day versus boarding situations. Once financial need has been established Thacher will make a financial aid award which comes as close as possible to meeting the indicated need. X true true X X X false false false false false false false false false false Bill McMahon Director of Admissions 167815 16782 38477 223074 Blossom Pidduck Assist Head of Sch 149315 14932 45096 209343 Bonnie Sharer Controller 141229 14129 8448 163806 Ed Bennett Dir Facilities 134794 13479 41220 189493 James Poulsen Asst Treasurer 229471 22947 37872 290290 Jeff Berndt Director of Development 251815 25182 131020 408017 Michael Mulligan Head of School 434045 127000 34866 595911 Part I, Line 1a: Relevant information in regards to selections on 1a. A California Enterprise Development Authority 352273601 13067RAY9 2010-01-04 35515000 Refinanced prior bond issuances false false false A 35515000 562315 false false true true A false false false false false false false false true A false true false false false false A true Part VI Arbitrage rebate computations encompass the bond and investment activity from the closing date, January 4, 2010, through December 31,2017. Based on computations, no rebate liability exists and reporting to the IRS is not required. Michael Mulligan Spouse 63510 Faculty member false Michael Mulligan Key employee 14000 Sale of automobile false Bill McMahon Spouse 124080 Faculty/Admin false Schedule L, Part V Supplemental Information Faculty and administrator spouses are hired in the normal course of business.Interested persons are not involved in setting or approving their salaries. X 1 125000 Appraisal X 25 1001935 FMV false true false Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et Parent Association Chairs are a single voting member of the Board of Trustees related by marriage.A key employee is related by marriage to a highly compensated employee. Form 990, Part VI, Line 11b: Form 990 Review Process The Form 990 is prepared internally and reviewed by the Director of Finance. An outside consultant prepared a top-level review for presentation to the audit committee. The full Form 990, except for Schedule B, is reviewed by the audit committee prior to being presented to the full board of trustees through a secure website. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts Conflict of interest disclosure forms are signed by trustees annually. Identified conflicts are addressed by the Board President and Head of School as appropriate for the circumstances. An affected board member will recuse them self from any board action that may involve a conflict of interest. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management The School hired an independent compensation consultant that compared the Head's compensation with that of a group of 28 other schools. The Head's compensation was set based on the information gathered. Subsequent years have been met with inflationary increases. Additionally, in each of those subsequent years comparative data from three dozen boarding schools has been utilized to validate adequacy and comparability. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees The Board of Trustees delegates duties to the Personnel Committee. The Personnel Committee is responsible for conducting annual performance and compensation review of the Head of School. The Personnel Committee also assists the Head of School with issues regarding faculty and administrator compensation. Salaries are compared to a peer group of schools who provide statistics through membership with the NAIS. The full board votes and determines the level of compensation. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available Financial statements, conflict of interest policy or governing documents are available to the public upon request. The Thacher School Endowment LP 550 South Tryon Street Charlotte NC 28202 300847978 Investment DE Global Endowment Mgt Excluded Sec 512-514 false -41165 false 1.00000 false false false false false false false false false false false false false false false false false false false The Thacher School Endowment LP The Thacher School formed a fund of one investment partnership and transferred all endowment funds to a Delaware Limited Liability Company. Global Endowment Management, LP (GEM) is the outsourced investment manager and transacts business on behalf of the School.All but ($41,165) of investment income is excluded under IRC Sections 512-514. The total net income from this investment partnership for the fiscal year ended 6/30/18 was $9,313,783. This includes gross income of $9,790,266, less professional and administrative expenses of $476,483. The net income excludes unrealized gains of $3,189,083.