Sea Crest School INC FY2024 filing

Tax-deductible

Half Moon Bay, CA501(c)(3)Since 1996EducationEIN 94-3250488Revenue $9.5M in FY2024

On file with the IRSseacrestschool.org901 Arnold Way, 94019-2188 · Half Moon Bay, CATax-exempt since Jul 1997School — 170(b)(1)(A)(ii)

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Sea Crest School is dedicated to providing the best in innovative education (continues sch o) (continues from page 1) to inspire and empower our learners to engage curiosity, express creativity, act with compassion and lead with courage.

501(c)(3) charity; gifts are tax-deductible.
74¢ of each $1 spent went to programs.
$1.1M 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

FY2024 · 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
4 of 6
filings with a surplus
Average surplus $301K a year · 4% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.1M
to officers and key staff · 12% of spending
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 8.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $1K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$6.3M
49% of total assets
Looks good: liabilities are 49% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$9.5M
+11% vs prior year
Spent
$9.1M
To programs
74%
Net assets
$6.5M
By yearFY2020–FY2025
Revenue
$9.5M
FY2024▲ +11%
Tap a bar for its year
Revenue by fiscal year
FY2020$5.4M
FY2021$5.7M
FY2022$7.1M
FY2023$8.5M
FY2024$9.5M
FY2025$10.7M
Expenses
$9.1M
FY2024▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2020$5.4M
FY2021$5.7M
FY2022$6.7M
FY2023$8.3M
FY2024$9.1M
FY2025$9.9M
Net assets
$6.5M
FY2024▲ +7%
Tap a bar for its year
Net assets by fiscal year
FY2020$5.0M
FY2021$5.5M
FY2022$5.8M
FY2023$6.0M
FY2024$6.5M
FY2025$7.4M

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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Is it real?

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

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

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $6.8M Management & general 23% · $2.1M Fundraising 3% · $238K

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

21 people listed on the 990; $1.1M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Head of School
$369,014Pt VII · Sec A
Chief Financial Officer
$152,274Pt VII · Sec A
Director of Curriculum
$143,980Pt VII · Sec A
Extended Day Program Manager
$137,105Pt VII · Sec A
Director of Advancement
$128,205Pt VII · Sec A
Director of Student Learning
$125,127Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Lauren Miller’s $385K as Head of School is at the 78th 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
Lauren Miller$385,484$369,014$344,109$284,500$131,083—
Tekakwitha Pernambuco-Wise————$159,909$290,013
Jacquie Cuvelier$169,761$152,274$141,057$164,430$149,430$70,240
Michelle Giacotto$156,595$143,980$132,980$125,081$116,564$110,814
Mishel Gantz$153,257—————
Leslie Richardson$148,396$125,127$114,128———
Morgan Pierce$123,794$137,105$127,830———
Ambar Pina$132,251$128,205$122,695$122,295$119,135$115,730

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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Inspires and empowers learners through innovative education, fostering curiosity, creativity, compassion, and courage.

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Provided by the organization

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2 programs · $6.8M · in their own filed words · FY2023
01

Sea crest school, inc. (the "school"), founded in 1996, is an accredited, non-sectarian independent school located in half moon bay, california. The school provides quality education to approximately 300 students from junior kindergarten through eighth grade.

$6.6Mprogram expense
02

Auxiliary services provide summer camp and extended day programs for athletics, art, music, innovation and other enrichment programs, supervised by extended day program staff, teachers, and coaches.

$143Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$1K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$9.5M
Ln 12
Fees for servicesLn 2g$8.7M
Gifts and grantsLn 1h$570K
Investment incomeLn 3$158K
Money outPt IX
$9.1M
Ln 25
Programscol B$6.8M
Managementcol C$2.1M
Fundraisingcol D$238K
Owns and owesPt X
$6.5M
net assets · Ln 32
Cash and savingsLn 1–2$6.3M
Total assetsLn 16$12.8M
LiabilitiesLn 26$6.3M
PeoplePt VI, VII
21
listed · VII A
PaidVII A6
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$570K
Noncash giftsLn 1g$45K
Fundraising eventsLn 1c$55K
Fees for servicesLn 2g$8.7M
Investment incomeLn 3$158K
Other incomeLn 4–11$40K
Total revenueLn 12$9.5M
Assets in detailPt X, end of year
CashLn 1$3.6M
SavingsLn 2$2.8M
Cash and savings togetherLn 1–2$6.3M
InvestmentsLn 11–13$73K
Land, buildings, equipmentLn 10c$6.0M
Total assetsLn 16$12.8M
LiabilitiesLn 26$6.3M
Net assetsLn 32$6.5M
OperationsPt I, VI
EmployeesI 577
VolunteersI 6225
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 FY24End FY24
Cash and savingsLn 1–2$6.0M$6.3M
InvestmentsLn 11–13$62K$73K
Land, buildings, equipmentLn 10c$6.1M$6.0M
Total assetsLn 16$12.6M$12.8M
LiabilitiesLn 26$6.6M$6.3M
Net assetsLn 32$6.0M$6.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$1.4M$1.4M
Pay of current officers, directors and key staffLn 5$657K$310K$281K$66K
Other salaries and wagesLn 7$3.8M$2.8M$907K$67K
Pension plan contributionsLn 8$235K$171K$55K$8K
Other employee benefitsLn 9$703K$505K$174K$24K
Payroll taxesLn 10$313K$222K$80K$11K
Legal feesLn 11b$4K$4K
Accounting feesLn 11c$50K$50K
Other fees for servicesLn 11g$35K$33K$2K
Advertising and promotionLn 12$24K$24K
Office expensesLn 13$27K$27K
Information technologyLn 14$113K$113K
OccupancyLn 16$311K$219K$92K
Conferences, conventions and meetingsLn 19$68K$47K$22K
InterestLn 20$116K$81K$35K
Depreciation, depletion and amortizationLn 22$514K$361K$152K
InsuranceLn 23$186K$94K$92K
Other expenses (24a–d)Ln 24$559K$384K$113K$62K
Total functional expensesLn 25$9.1M$6.8M$2.1M$238K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $10.7M$9.9M$829K$7.4M 990 PDF
FY2024 Viewing $9.5M$9.1M$373K$6.5M 990 PDF
FY2023 $8.5M$8.3M$237K$6.0M 990 PDF
FY2022 $7.1M$6.7M$401K$5.8M 990 PDF
FY2021 $5.7M$5.7M−$7K$5.5M 990 PDF
FY2020 $5.4M$5.4M−$29K$5.0M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $9,466,564 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $529,817$570,189
I-9 Program service revenuePrior year $7,858,686$8,699,035
I-10 Investment incomePrior year $71,349$157,773
I-11 Other revenuePrior year $32,413$39,567
I-12 Total revenuePrior year $8,492,265$9,466,564
I-13 Grants and similar amounts paidPrior year $1,030,333$1,406,290
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $5,068,335$5,679,294
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,156,533$2,007,721
I-18 Total expensesPrior year $8,255,201$9,093,305
I-19 Revenue less expensesPrior year $237,064$373,259
Part VI · Governance 15 of 15 board members independent, no flags
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-2 Family or business relationship among officers or directorsNo
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 $9,466,564 across 10 lines filed
VIII-1c Fundraising events$54,917
VIII-1f All other contributions, gifts and grants$515,272
VIII-1g Noncash contributions (included above)$45,006
VIII-1h Total contributions, gifts and grants$570,189
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $8,699,035$8,699,035
VIII-3 Investment incomeExcluded from tax $157,773$157,773
VIII-6 Net rental income or lossRelated to mission $15,960$15,960
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $23,607$23,607
VIII-12 Total revenueRelated to mission $8,738,602 · Unrelated business $0 · Excluded from tax $157,773$9,466,564
Part IX · Statement of functional expenses $9,093,305 across 18 lines filed
IX-2 Grants to domestic individualsPrograms $1,406,290$1,406,290
IX-5 Pay of current officers, directors and key staffPrograms $309,695 · Management $281,284 · Fundraising $66,364$657,343
IX-7 Other salaries and wagesPrograms $2,797,703 · Management $906,513 · Fundraising $66,663$3,770,879
IX-8 Pension plan contributionsPrograms $171,338 · Management $55,254 · Fundraising $8,324$234,916
IX-9 Other employee benefitsPrograms $504,896 · Management $174,065 · Fundraising $24,250$703,211
IX-10 Payroll taxesPrograms $222,491 · Management $79,627 · Fundraising $10,827$312,945
IX-11b Legal feesManagement $4,207$4,207
IX-11c Accounting feesManagement $50,099$50,099
IX-11g Other fees for servicesPrograms $32,973 · Management $2,139$35,112
IX-12 Advertising and promotionPrograms $24,283$24,283
IX-13 Office expensesManagement $26,992$26,992
IX-14 Information technologyPrograms $113,190$113,190
IX-16 OccupancyPrograms $218,815 · Management $92,303$311,118
IX-19 Conferences, conventions and meetingsPrograms $46,726 · Management $21,506$68,232
IX-20 InterestPrograms $81,124 · Management $34,767$115,891
IX-22 Depreciation, depletion and amortizationPrograms $361,265 · Management $152,392$513,657
IX-23 InsurancePrograms $94,111 · Management $91,649$185,760
IX-24 Other expenses (24a–d)Programs $384,253 · Management $113,341 · Fundraising $61,586$559,180
IX-25 Total functional expensesPrograms $6,769,153 · Management $2,086,138 · Fundraising $238,014$9,093,305
Part X · Balance sheet $12,801,156 assets, 16 lines filed
Asset lines not itemized here account for $174,802; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $2,419,153$3,558,647
X-2 Savings and temporary cash investmentsStart of year $3,608,212$2,757,230
X-3 Pledges and grants receivableStart of year $35,827$14,273
X-4 Accounts receivableStart of year $81,868$93,644
X-9 Prepaid expenses and deferred chargesStart of year $132,938$149,238
X-10c Land, buildings and equipment, netStart of year $6,072,826$5,979,888
X-11 Publicly traded securitiesStart of year $61,905$73,434
X-16 Total assetsStart of year $12,606,166$12,801,156
X-17 Accounts payable and accrued expensesStart of year $387,382$260,189
X-19 Deferred revenueStart of year $2,657,406$2,655,295
X-20 Tax-exempt bond liabilitiesStart of year $3,514,727$3,398,455
X-26 Total liabilitiesStart of year $6,559,515$6,313,939
X-27 Net assets without donor restrictionsStart of year $5,843,417$6,295,683
X-28 Net assets with donor restrictionsStart of year $203,234$191,534
X-32 Total net assets or fund balancesStart of year $6,046,651$6,487,217
X-33 Total liabilities and net assetsStart of year $12,606,166$12,801,156
Part XI · Reconciliation of net assets $6,487,217 net assets at year end
XI-1 Total revenue$9,466,564
XI-2 Total expenses$9,093,305
XI-3 Revenue less expenses$373,259
XI-4 Net assets at start of year$6,046,651
XI-5 Net unrealized gains (losses) on investments$40,487
XI-8 Prior period adjustments$26,820
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$6,487,217

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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