Thacher School Inc
- Assets
- $303.6m
- Revenue
- $39.9m
- Investments
- $168.0m
- Employees
- 216
- Location
- Ojai, CA
- Founding
- 04/1944
- Data as of
- 06/2020
- EIN
- 95-1642398
Organization Overview
Thacher School Inc is located in Ojai, CA. The organization was established in 1944. 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 06/2021, Thacher School Inc employed 216 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thacher School Inc 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 06/2020, Thacher School Inc generated $39.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.3%) each year. All expenses for the organization totaled $33.5m during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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 YOUTH 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Blossom Beatty Pidduck Head Of School | Officer | 60 | $392,010 |
James Poulsen Asst Treasurer | Officer | 50 | $288,073 |
Jeff Berndt Director Of Development | 40 | $274,405 | |
Bill Mcmahon Director Of Admissions | 40 | $204,578 | |
Sara Billings Dir Of Develop | 40 | $195,165 | |
Sabina Mcmahon Dean Of Students | 40 | $168,526 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Penta Group Construction | 6/29/21 | $12,475,145 |
Munger Tolles & Olson Llc Investigative Services | 6/29/21 | $2,441,982 |
Bon Appetit Food Service | 6/29/21 | $1,683,013 |
Craig Young Construction Contractor | 6/29/21 | $1,039,521 |
Kelly Cleaning Cleaning Services | 6/29/21 | $818,817 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,422,225 |
| Investment income | $3,570,997 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$33,292 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$21,841 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $39,878,266 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $4,194,159 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,985,039 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,161,735 |
| Pension plan accruals and contributions | $797,240 |
| Other employee benefits | $1,927,203 |
| Payroll taxes | $708,944 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $208,078 |
| Fees for services: Accounting | $107,995 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,131,238 |
| Fees for services: Other | $844,289 |
| Advertising and promotion | $327,560 |
| Office expenses | $1,078,755 |
| Information technology | $469,817 |
| Royalties | $0 |
| Occupancy | $3,376,676 |
| Travel | $501,754 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $167,565 |
| Interest | $794,492 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,563,566 |
| Insurance | $872,786 |
| All other expenses | $0 |
| Total functional expenses | $33,499,546 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,778,348 |
| Savings and temporary cash investments | $12,150,684 |
| Pledges and grants receivable | $24,294,229 |
| Accounts receivable, net | $679,479 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $45,062 |
| Prepaid expenses and deferred charges | $1,943,475 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $168,024,195 |
| Investments—program-related | $0 |
| Intangible assets | $341,918 |
| Other assets | $551,000 |
| Total assets | $303,628,115 |
| Accounts payable and accrued expenses | $3,989,883 |
| Grants payable | $0 |
| Deferred revenue | $617,602 |
| Tax-exempt bond liabilities | $21,701,357 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $46,062 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $26,354,904 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $277,273,211 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Thacher School Inc has recieved totaling $3,260,000.
| Awarding Organization | Amount |
|---|---|
Gates Family Foundation Denver, CO PURPOSE: CONSTRUCTION | $1,750,000 |
Gates Family Foundation Denver, CO PURPOSE: CONSTRUCTION | $1,500,000 |
Bruce & Marilyn Wallace Foundation Woodland Hills, CA PURPOSE: EDUCATION | $10,000 |
Endowment Analysis
| Beg. Balance | $168,024,195 |
| Earnings | $49,299,172 |
| Admin Expense | $1,059,137 |
| Net Contributions | $7,486,087 |
| Other Expense | $12,864,867 |
| Ending Balance | $210,885,450 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kipp Bay Area Schools Oakland, CA | $172,487,625 | $112,257,587 |
Somerset Academy Of Las Vegas Las Vegas, NV | $192,795,065 | $79,621,443 |
High Tech High San Diego, CA | $58,788,634 | $76,672,129 |
Menlo School Atherton, CA | $320,152,000 | $64,317,000 |
Oaks Christian School Westlake Village, CA | $150,419,760 | $62,594,014 |
Summit Public Schools Redwood City, CA | $48,530,707 | $55,546,203 |
El Camino Real Alliance Woodland Hills, CA | $34,397,207 | $53,776,806 |
Milken Community Schools Los Angeles, CA | $80,759,256 | $40,537,524 |
Windward School Los Angeles, CA | $106,329,646 | $41,804,232 |
Orange County School Of The Arts Santa Ana, CA | $14,647,557 | $49,463,330 |
Inner City Education Foundation Los Angeles, CA | $33,345,924 | $41,820,831 |
Crystal Springs Uplands School Hillsborough, CA | $136,020,158 | $40,020,241 |