2012-03-30T14:59:12-05:00 2011-06-30 NASIF HICKS HARRIS & CO LLP 104 WEST ANAPAMU STREET SUITE B SANTA BARBARA CA 93101 990 2010-07-01 951644630 CATE SCHOOL CATE 8056848409 P O BOX 5005 CARPINTERIA CA 93014 SANDI PIERCE 8056848409 2012-03-30 1 SARAH E TURNER 8059661521 X 2010 2016-02-24 21:20:13Z SANDI PIERCE PO BOX 5005 CARPINTERIA CA 93014 38182024 0 X WWW.CATE.ORG X 1910 CA OPERATION OF PRIVATE HIGH SCHOOL 42 42 186 0 299590 0 5438298 6658377 11549982 11950600 2709022 3004727 544660 336421 20241962 21950125 2829893 2899305 0 0 8643894 9111108 0 0 1601271 6842238 7485097 18316025 19495510 1925937 2454615 118282232 133168202 15445553 17856819 102836679 115311383 OPERATIONS & MAINTENANCE OF A PRIVATE HIGH SCHOOL. APPROXIMATELY 281 STUDENTS ENROLLED. 0 0 14635525 14992158 OPERATIONS & MAINTENANCE OF A PRIVATE HIGH SCHOOL. APPROXIMATELY 281 STUDENTS ENROLLED. 14635525 1 1 0 0 0 0 0 0 0 1 1 0 1 0 1 1 1 0 1 0 1 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 52 0 1 186 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 42 42 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X SANDI PIERCE 8056848409 1960 CATE MESA ROAD CARPINTERIA CA 93013 BENJAMIN D WILLIAMS 40.00 X X X 316750 0 33288 RICHARD BAUM X 0 0 0 GREG KUBIECK X 0 0 0 NORMAN SPRAGUE X 0 0 0 JAMES CRAFTS X 0 0 0 ASHISH BHUTANI X 0 0 0 HENRY F BURROUGHS X 0 0 0 JOHN D CALDWELL X 0 0 0 MICHAEL W CROOKE X 0 0 0 THOMAS J CUSACK X 0 0 0 KATE C FIRESTONE X 0 0 0 STEPHEN J GIUSTO X 0 0 0 J WYATT GRUBER X 0 0 0 PERRI V HARCOURT X 0 0 0 DAVID L HOROWITZ X 0 0 0 FRANK A HUERTA X 0 0 0 MARGARET E HYDE X 0 0 0 DAN EMMETT X 0 0 0 JANET C JONES X 0 0 0 GEORGE JAMES X 0 0 0 JOHN M LUCE X 0 0 0 CHRISTOPHER P MALONEY X 0 0 0 JC MASSAR X 0 0 0 SEAN M MCAVOY X 0 0 0 MONIQUE F PARSONS X 0 0 0 LISA BROWNE STANSON X 0 0 0 ERIC C TAYLOR X 0 0 0 KC WALSH X 0 0 0 MARK S WHITING X 0 0 0 CATHERINE BEAMER X 0 0 0 FRANK GRIFFIN X 0 0 0 MICHAEL BEAMER X 0 0 0 CHARLOTTE BROWNLEE X 0 0 0 LISA HOLMES X 0 0 0 NELSON JONES X 0 0 0 SCOTT BRITTINGHAM X 0 0 0 AMY MAYFIELD X 0 0 0 SANDI PIERCE 40.00 X X 170000 0 19219 MARGARET BRADLEY 40.00 X 142000 0 7559 JASON DORION 40.00 X 122400 0 24727 ANNE HALL 40.00 X 120000 0 7271 TERRY EAGLE 40.00 X 118442 0 17665 PETER MACK 40.00 X 106400 0 16786 1095992 0 126515 7 0 1 0 HARTIGAN & FOLEY 28 W MAIN ST VENTURA CA 93001 BUILDING CONTRACTOR 4095516 ARAMARK 1101 MARKET ST PHILADELPHIA PA 19107 FOOD SERVICE 1010391 EVENT RENTS 389 SOUTH LOS CARNEROS RD B GOLETA CA 93117 EVENT RENTAL EQUIPMENT 112125 3 6658377 1638335 6658377 TUITION & BOOKS 611600 11686636 11686636 CAMP INCOME 611600 263964 263964 11950600 1939839 1939839 17296787 16231899 1064888 1064888 1064888 CROP PROCEEDS-AVOCADOS 111000 299590 299590 MISCELLANEOUS 611600 36831 36831 336421 21950125 14992158 299590 0 2812305 2812305 87000 87000 522711 340711 182000 6651919 4763068 1104914 783937 1936478 1454215 288810 193453 12290 12290 44362 44362 79052 79052 525 525 1363198 1029572 251409 82217 829691 829691 113420 26774 53823 32823 33534 21976 11558 2171577 1963248 208329 SCHEDULE ON FILE NOT E 2657315 1148808 1011224 497283 EQUIPMENT RENTAL & MAIN 180133 180133 19495510 14635525 3258714 1601271 2060 2060 3951976 4648816 4416535 5524583 1701509 1811430 84743 69787 374153 306414 63425339 19769440 41074883 43655899 59211543 66495507 368802 246259 7000000 10267919 96028 139528 118282232 133168202 1786334 728091 6649219 6850809 7000000 10267919 10000 10000 15445553 17856819 X 40263197 42682433 21431844 28087712 41141638 44541238 102836679 115311383 118282232 133168202 X 2454615 10020089 X 0 1 0 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 66776400 3399600 12349986 3353436 79172550 61344196 1492797 7435673 3496266 66776400 74732902 765372 -11310837 2843241 61344196 0.56000 0.44000 0 0 4684633 4684633 53245352 15421955 37823397 4445354 3672485 772869 1050000 675000 375000 43655899 CATE SCHOOL DEVELOPMENT 10267919 F 10267919 RESERVE FOR UNEMPLOYMENT CLAIMS 10000 10000 21950125 19495510 2454615 10020078 105000 10125078 12579693 31970203 10020067 10020067 21950136 -11 -11 21950125 19390510 0 19390510 105000 105000 19495510 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: GIFTS TO THE ENDOWMENT ARE AN INVESTMENT IN THE LONG-TERM FINANCIAL HEALTH OF THE INSTITUTION. INCOME FROM EACH OF THE SCHOOL'S ENDOWED FUNDS IS USED TO FUND THE SCHOOL'S PROGRAM IN PERPETUITY. THE PRINCIPAL IS INVESTED FOR LONG-TERM GROWTH TO SERVE PRESENT AND FUTURE GENERATIONS OF STUDENTS. THE ENDOWMENT CURRENTLY PROVIDES NEARLY 29% OF THE SCHOOL'S OPERATING BUDGET. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THERE ARE NO UNCERTAIN TAX POSITIONS. PART XI, LINE 8 - OTHER ADJUSTMENTS: CURRENT YEAR DEPRECIATION 105,000. PART XII, LINE 4B - OTHER ADJUSTMENTS: ROUNDING ADJUSTMENTS -11. PART XIII, LINE 4B - OTHER ADJUSTMENTS: DEPRECIATION OF LINDROS AVOCADO ORCHARD 105,000. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 CATE SCHOOL ADMITS STUDENTS OF ANY RACE, COLOR, RELIGION, SEXUAL ORIENTATION, NATIONAL OR ETHNIC ORGIN TO ALL RIGHTS, PRIVILEGES, PROGRAMS AND ACTIVITIES GENERALLY ACCORDED OR MADE AVAILABLE TO STUDENTS AT THE SCHOOL. IT DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, RELIGION, SEXUAL ORIENTATION, NATIONAL OR ETHNIC ORGIN IN ADMINISTRATION OF ITS EDUCATIONAL POLICIES, SCHOLARSHIP, ATHLETIC AND OTHER SCHOOL-ADMINISTERED PROGRAMS. 0 EAST ASIA AND THE PACIFIC 0 0 FUNDRAISING & PROGRAM SERVICES ADMISSIONS TRIP TO MEET WITH PROSPECTIVE STUDENTS AND PARENTS REGARDING POSSIBLE ATTENDANCE AT SCHOOL. 1458 EAST ASIA AND THE PACIFIC 0 0 FUNDRAISING & PROGRAM SERVICES DONATED IN KIND AND REPORTED AS SUCH. ADMISSIONS TRIP TO MEET WITH PROSPECTIVE STUDENTS AND PARENTS REGARDING POSSIBLE ATTENDANCE AT SCHOOL. 19056 0 0 0 20514 0 20514 FINANCIAL AID FOR TUITION AFRICA 1 43500 0 FINANCIAL AID FOR TUITION IN ORDER FOR STUDENT TO ATTEND SCHOOL. BOOK FINANCIAL AID FOR TUITION AFRICA 1 43500 0 FINANCIAL AID FOR TUITION IN ORDER FOR STUDENT TO ATTEND SCHOOL. BOOK 0 0 0 0 0 0 PROCEDURE FOR MONITORING GRANTS OUTSIDE THE U.S.: SCHEDULE F, PART I, LINE 2: ALL ASSISTANCE TO FOREIGN INDIVIDUALS IS USED TO HELP FOREIGN STUDENTS ATTEND THE SCHOOL, WHICH IS LOCATED IN THE UNITED STATES. METHOD USED TO ACCCOUNT FOR EXPENDITURES: SCHEDULE F, PART I, LINE 3: EXPENDITURES ARE AUTHORIZED AND ACCOUNTED FOR BY THE UNITED STATES BASED SCHOOL IN ORDER TO SEND SEVERAL STAFF ON A COMBINATION ADMISSIONS/FUNDRAISING TRIP TO SEVERAL ASIAN COUNTRIES TO MEET WITH PROSPECTIVE STUDENTS AND DONORS. 1 SCHOLARSHIPS AND FINANCIAL AID FOR STUDENTS 2812305 BOOK ASSISTANCE IS IN THE FORM OF FINANCIAL AID AND SCHOLARSHIPS FOR SELECTED STUDENTS. PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: ALL ASSISTANCE IS IN THE FORM OF EITHER SCHOLARSHIPS OR FINANCIAL AID AND IS USED FOR TUITION FOR SELECTED STUDENTS IN ORDER FOR THEM TO ATTEND THE SCHOOL. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 BENJAMIN D WILLIAMS 316750 0 0 0 0 0 34843 0 0 0 351593 0 330626 0 SANDI PIERCE 170000 0 0 0 0 0 18700 0 0 0 188700 0 180977 0 PART I, LINE 1A ORGANIZATION PROVIDES HOUSING FOR HEADMASTER,AND ASSISTANT HEADMASTER AS ORGANZIATION IS A BOARDING SCHOOL WITH STUDENTS LIVING ON CAMPUS. X 38 1042880 MARKET PRICES X 7 21854 ESTIMATED FMV X A/V SUPPLIES 1 10436 ESTIMATED FMV X PROMOTIONAL ITEMS 2 6197 ESTIMATED FMV X EVENT RECEPTIONS 10 10699 ESTIMATED FMV X TRAVEL AND ACCOMODATIONS 5 7205 ESTIMATED FMV 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 FORM 990 REVIEWED BY BUSINESS MANAGER SANDI PIERCE AND THEN PRESENTED TO THE BOARD OF TRUSTEES FOR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, DURING A TRUSTEE MEETING, BOARD OF TRUSTEES MEMBERS ARE REQUIRED TO DISCLOSE ANY CONFLICTS OF INTEREST. ANY POTENTIAL CONFLICTS WILL BE INVESTIGATED AND RESOLVED. FORM 990, PART VI, SECTION B, LINE 15 ALL COMPENSATION FOR EMPLOYEES INCLUDING THE HEADMASTER, ASSISTANT HEADMASTER, AND BUSINESS MANAGER IS FIRST REVIEWED AND APPROVED BY THE COMPENSATION COMMITTEE AND THEN PRESENTED TO THE FULL BOARD OF TRUSTEES FOR REVIEW AND APPROVAL. ALSO, COMPENSATION AMOUNTS ARE COMPARED TO DATA OF OTHER COMPARABLE PRIVATE SCHOOLS MAINTAINED BY THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS. FORM 990, PART VI, SECTION C, LINE 19 SCHOOL WILL PROVIDE COPIES OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 10,020,078. ROUNDING ADJUSTMENT 11. TOTAL TO FORM 990, PART XI, LINE 5: 10,020,089. NET OPERATING LOSS CARRYOVER SCHEDULE FORM 990-T CALCULATION OF NOL NET OPERATING LOSS CARRYOVER SCHEDULE FEDERAL CARRYOVER SUMMARY 6/30/2005 $75,894 AMOUNT USED FOR THE YEAR ENDED 6/30/06 (18,932) 6/30/07 86,923 6/30/08 143,622 6/30/09 193,796 AMOUNT USED FOR THE YEAR ENDED 6/30/10 (234,903) AMOUNT USED FOR THE YEAR ENDED 6/30/11 (52,260) CARRYOVER AMOUNT REMAINING 194,140