Menlo School
- Assets
- $312.6m
- Revenue
- $66.1m
- Investments
- $26.8m
- Employees
- 422
- Location
- Atherton, CA
- Founding
- 10/1994
- Data as of
- 06/2022
- EIN
- 94-3204137
Organization Overview
Menlo School is located in Atherton, CA. The organization was established in 1994. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2022, Menlo School employed 422 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Menlo School is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Menlo School generated $66.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $65.5m during the year ending 06/2022. While expenses have increased by 4.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ESTABLISH AND OPERATE AS AN EDUCATIONAL INSTITUTION FOR THE EDUCATION OF YOUNG MEN AND WOMEN.
Describe the Organization's Program Activity:
INSTRUCTION FOR GRADES 6 TO 12 FOR APPROXIMATELY 795 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jake Reynolds Chair | OfficerTrustee | 2 | $0 |
Karen King Vice Chair | OfficerTrustee | 2 | $0 |
Omar Aguilar Trustee | Trustee | 2 | $0 |
Rey Banatao Trustee | Trustee | 2 | $0 |
Bruce Burkard Trustee | Trustee | 2 | $0 |
Grady Burnett Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Marcum Llp Accounting/audit | 6/29/22 | $143,151 |
Dfwh Enterprises Co David Finkel And W Artistic/musical | 6/29/22 | $239,149 |
Faraci House Painting Painters | 6/29/22 | $104,189 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,882,474 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,778,526 |
| Noncash contributions included in lines 1a–1f | $536,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,661,000 |
| Total Program Service Revenue | $43,762,000 |
| Investment income | $1,547,714 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $206,000 |
| Net Gain/Loss on Asset Sales | -$95,143 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $17,305 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $66,073,876 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $7,145,375 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,266,961 |
| Compensation of current officers, directors, key employees. | $157,440 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $25,338,771 |
| Pension plan accruals and contributions | $2,852,910 |
| Other employee benefits | $3,929,358 |
| Payroll taxes | $1,904,000 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $424,211 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $1,075,000 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,045,000 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,459,000 |
| Insurance | $636,000 |
| All other expenses | $174,000 |
| Total functional expenses | $65,531,211 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,915,000 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,681,000 |
| Accounts receivable, net | $9,383,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $440,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $759,000 |
| Net Land, buildings, and equipment | $146,921,000 |
| Investments—publicly traded securities | $72,880,000 |
| Investments—other securities | $26,788,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $822,000 |
| Total assets | $312,589,000 |
| Accounts payable and accrued expenses | $5,457,000 |
| Grants payable | $0 |
| Deferred revenue | $39,287,000 |
| Tax-exempt bond liabilities | $32,288,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $77,032,000 |
| Net assets without donor restrictions | $175,820,000 |
| Net assets with donor restrictions | $59,737,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $312,589,000 |