We inspire in our students a love of knowledge and the ability to use that knowledge creatively, compassionately and courageously throughout their lives.Sage Hill school's commitment to academic excellence and our outstanding college preparation have provided a transformative experience for our students. Academic excellence - Sage Hill offers a rigorous, comprehensive curriculum that challenges and inspires students to take risks, think critically, and use what they learn in class in the world beyond our campus. Our world-class educators teach classes that average sixteen students and foster curiosity, discovery, and a passion for learning.

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
$1.8M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $5.9M a year · 17% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.8M
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
11 mo
of spending, in cash
Plus $26.0M in investments, Pt X · Ln 11–13
Looks good: 11.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $68K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$33.8M
28% of total assets
Looks good: liabilities are 28% of assets; 50% or less.
Pt X · Ln 26
Independent board members
19
of 19 voting members
Looks good: 19 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$33.8M
+20% vs prior year
Spent
$26.9M
To programs
79%
Net assets
$88.8M
By yearFY2020–FY2025
Revenue
$33.8M
FY2022▲ +20%
Tap a bar for its year
Revenue by fiscal year
FY2020$28.6M
FY2021$28.1M
FY2022$33.8M
FY2023$29.7M
FY2024$46.3M
FY2025$42.7M
Expenses
$26.9M
FY2022▲ +5%
Tap a bar for its year
Expenses by fiscal year
FY2020$24.9M
FY2021$25.5M
FY2022$26.9M
FY2023$29.7M
FY2024$31.9M
FY2025$34.9M
Net assets
$88.8M
FY2022▼ -3%
Tap a bar for its year
Net assets by fiscal year
FY2020$85.0M
FY2021$92.0M
FY2022$88.8M
FY2023$92.5M
FY2024$110.9M
FY2025$122.4M

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1997.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $21.3M Management & general 18% · $4.7M Fundraising 3% · $834K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

26 people listed on the 990; $1.8M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Head of School
$607,390Pt VII · Sec A
Chief Financial Officer
$285,379Pt VII · Sec A
Director of Advancement
$213,484Pt VII · Sec A
Director of Admissions & Fa
$212,979Pt VII · Sec A
Assistant Head of School
$196,245Pt VII · Sec A
College Counseler
$152,872Pt VII · Sec A
Science Teacher
$149,754Pt VII · Sec A
$0Pt VII · Sec A

Patricia Merz’s $950K as Head of School is at the 99th percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Patricia Merz$950,102$754,688$659,555$607,390$576,480$478,943
Gordon McNeill————$947,367$458,366
Jill Livermore$333,991$323,373$295,936$285,379$272,353$233,050
Matthew Balossi$240,305$235,858$205,565$196,245$182,574$155,303
Matthew Sahlin$224,450$219,757————
Gregory O'Leary———$213,484——
Elaine Mijalis———$212,979——
Sanan Shirinian$206,711$195,122$184,900———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Educates and inspires high school students with a love of knowledge.

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Provided by the organization

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1 program · $21.3M · in their own filed words · FY2021
01

Sage hill school is an independent high school located on 30 acres in newport coast, ca. Founded in 2000, the school provides more than 540 students with small class sizes that average 16 students per teacher, outstanding academic curricula and a dedicated team of college counselors.

$21.3Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$68K
Grants paid · 6 grants · $16.1M · 2019–2024
Unitemized GrantFY2024$3,639,682
Unitemized GrantFY2023$3,235,384
Unitemized GrantFY2022$2,564,534
Unitemized GrantFY2021$2,247,596
Unitemized GrantFY2020$2,285,496
Unitemized GrantFY2019$2,108,221

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$33.8M
Ln 12
Fees for servicesLn 2g$24.9M
Investment incomeLn 3$6.7M
Gifts and grantsLn 1h$2.3M
Money outPt IX
$26.9M
Ln 25
Programscol B$21.3M
Managementcol C$4.7M
Fundraisingcol D$834K
Owns and owesPt X
$88.8M
net assets · Ln 32
Cash and savingsLn 1–2$25.6M
Total assetsLn 16$122.6M
LiabilitiesLn 26$33.8M
PeoplePt VI, VII
26
listed · VII A
PaidVII A7
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.3M
Noncash giftsLn 1g$130K
Fundraising eventsLn 1c$246K
Fees for servicesLn 2g$24.9M
Investment incomeLn 3$6.7M
Gains on assetsLn 7$6.3M
Total revenueLn 12$33.8M
Assets in detailPt X, end of year
CashLn 1$227K
SavingsLn 2$25.4M
Cash and savings togetherLn 1–2$25.6M
InvestmentsLn 11–13$26.0M
Land, buildings, equipmentLn 10c$69.4M
Other assetsLn 15$765K
Total assetsLn 16$122.6M
LiabilitiesLn 26$33.8M
Net assetsLn 32$88.8M
OperationsPt I, VI
EmployeesI 5208
VolunteersI 6300
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$23.3M$25.6M
InvestmentsLn 11–13$29.0M$26.0M
Land, buildings, equipmentLn 10c$71.4M$69.4M
Total assetsLn 16$125.3M$122.6M
LiabilitiesLn 26$33.3M$33.8M
Net assetsLn 32$92.0M$88.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$2.2M$2.2M
Pay of current officers, directors and key staffLn 5$1.1M$321K$632K$160K
Other salaries and wagesLn 7$10.8M$8.7M$1.7M$396K
Pension plan contributionsLn 8$491K$400K$71K$20K
Other employee benefitsLn 9$1.2M$961K$210K$19K
Payroll taxesLn 10$838K$678K$125K$35K
Legal feesLn 11b$116K$116K
Accounting feesLn 11c$50K$50K
Other fees for servicesLn 11g$97K$12K$84K$450
Advertising and promotionLn 12$606K$606K
Office expensesLn 13$308K$110K$115K$83K
Information technologyLn 14$392K$359K$31K$2K
OccupancyLn 16$642K$604K$34K$4K
Conferences, conventions and meetingsLn 19$44K$14K$30K$90
InterestLn 20$376K$354K$20K$2K
Depreciation, depletion and amortizationLn 22$2.9M$2.7M$152K$16K
InsuranceLn 23$326K$277K$47K$1K
Other expenses (24a–d)Ln 24$3.0M$2.9M$80K$9K
All other expensesLn 24e$1.4M$643K$683K$85K
Total functional expensesLn 25$26.9M$21.3M$4.7M$834K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $42.7M$34.9M$7.8M$122.4M 990 PDF
FY2024 $46.3M$31.9M$14.3M$110.9M 990 PDF
FY2023 $29.7M$29.7M−$15K$92.5M 990 PDF
FY2022 Viewing $33.8M$26.9M$6.9M$88.8M 990 PDF
FY2021 $28.1M$25.5M$2.5M$92.0M 990 PDF
FY2020 $28.6M$24.9M$3.7M$85.0M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $33,768,910 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,490,556$2,323,406
I-9 Program service revenuePrior year $23,437,318$24,880,647
I-10 Investment incomePrior year $1,077,932$6,694,834
I-11 Other revenuePrior year $50,941−$129,977
I-12 Total revenuePrior year $28,056,747$33,768,910
I-13 Grants and similar amounts paidPrior year $2,285,496$2,247,596
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $14,388,852$14,426,834
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $8,852,903$10,232,390
I-18 Total expensesPrior year $25,527,251$26,906,820
I-19 Revenue less expensesPrior year $2,529,496$6,862,090
Part VI · Governance 19 of 19 board members independent, 1 to look at
VI-1a Voting members of the governing body19
VI-1b Independent voting members19
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $33,768,910 across 10 lines filed
VIII-1c Fundraising events$245,925
VIII-1f All other contributions, gifts and grants$2,077,481
VIII-1g Noncash contributions (included above)$130,131
VIII-1h Total contributions, gifts and grants$2,323,406
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $24,880,647$24,880,647
VIII-3 Investment incomeExcluded from tax $380,128$380,128
VIII-7 Net gain or loss on sales of assetsExcluded from tax $6,314,706$6,314,706
VIII-8 Net income from fundraising eventsExcluded from tax −$209,669−$209,669
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $79,692$79,692
VIII-12 Total revenueRelated to mission $24,880,647 · Unrelated business $0 · Excluded from tax $6,564,857$33,768,910
Part IX · Statement of functional expenses $26,906,820 across 19 lines filed
IX-2 Grants to domestic individualsPrograms $2,247,596$2,247,596
IX-5 Pay of current officers, directors and key staffPrograms $320,839 · Management $631,587 · Fundraising $160,419$1,112,845
IX-7 Other salaries and wagesPrograms $8,742,644 · Management $1,655,488 · Fundraising $396,352$10,794,484
IX-8 Pension plan contributionsPrograms $400,293 · Management $70,974 · Fundraising $19,769$491,036
IX-9 Other employee benefitsPrograms $960,904 · Management $210,215 · Fundraising $19,053$1,190,172
IX-10 Payroll taxesPrograms $678,271 · Management $124,824 · Fundraising $35,202$838,297
IX-11b Legal feesManagement $115,510$115,510
IX-11c Accounting feesManagement $50,400$50,400
IX-11g Other fees for servicesPrograms $12,479 · Management $83,795 · Fundraising $450$96,724
IX-12 Advertising and promotionManagement $605,925$605,925
IX-13 Office expensesPrograms $110,463 · Management $114,546 · Fundraising $82,705$307,714
IX-14 Information technologyPrograms $358,673 · Management $31,036 · Fundraising $2,181$391,890
IX-16 OccupancyPrograms $604,226 · Management $33,965 · Fundraising $3,674$641,865
IX-19 Conferences, conventions and meetingsPrograms $14,386 · Management $29,658 · Fundraising $90$44,134
IX-20 InterestPrograms $354,402 · Management $19,922 · Fundraising $2,155$376,479
IX-22 Depreciation, depletion and amortizationPrograms $2,711,941 · Management $152,446 · Fundraising $16,492$2,880,879
IX-23 InsurancePrograms $277,490 · Management $47,059 · Fundraising $1,377$325,926
IX-24 Other expenses (24a–d)Programs $2,896,276 · Management $79,928 · Fundraising $8,647$2,984,851
IX-24e All other expensesPrograms $642,519 · Management $682,620 · Fundraising $84,954$1,410,093
IX-25 Total functional expensesPrograms $21,333,402 · Management $4,739,898 · Fundraising $833,520$26,906,820
Part X · Balance sheet $122,602,279 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $909,715$226,629
X-2 Savings and temporary cash investmentsStart of year $22,398,853$25,393,193
X-3 Pledges and grants receivableStart of year $613,000$426,161
X-4 Accounts receivableStart of year $20,180$5,686
X-9 Prepaid expenses and deferred chargesStart of year $219,372$331,976
X-10c Land, buildings and equipment, netStart of year $71,372,128$69,437,520
X-11 Publicly traded securitiesStart of year $28,549,001$26,012,674
X-12 Other securitiesStart of year $474,352$3,747
X-15 Other assetsStart of year $709,265$764,693
X-16 Total assetsStart of year $125,265,866$122,602,279
X-17 Accounts payable and accrued expensesStart of year $2,350,957$2,410,881
X-19 Deferred revenueStart of year $13,254,906$14,477,965
X-20 Tax-exempt bond liabilitiesStart of year $17,684,917$16,948,556
X-26 Total liabilitiesStart of year $33,290,780$33,837,402
X-27 Net assets without donor restrictionsStart of year $78,966,548$76,611,662
X-28 Net assets with donor restrictionsStart of year $13,008,538$12,153,215
X-32 Total net assets or fund balancesStart of year $91,975,086$88,764,877
X-33 Total liabilities and net assetsStart of year $125,265,866$122,602,279
Part XI · Reconciliation of net assets $88,764,877 net assets at year end
XI-1 Total revenue$33,768,910
XI-2 Total expenses$26,906,820
XI-3 Revenue less expenses$6,862,090
XI-4 Net assets at start of year$91,975,086
XI-5 Net unrealized gains (losses) on investments−$10,072,299
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$88,764,877

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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