Rolling Hills Preparatory School FY2020 filing

Tax-deductible

San Pedro, CA501(c)(3)Since 1981EducationEIN 95-3735164Revenue $12.2M in FY2020

On file with the IRSrollinghillsprep.org1 Rolling Hills Prep Way, 90732-5200 · San Pedro, CATax-exempt since Jan 1983School — 170(b)(1)(A)(ii)

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A forward-looking, academically rigorous college-prep School with a soul, Rolling Hills Preparatory School (rhp) works in partnership with parents to prepare students for lifelong success in a global 21st century using proven teaching techniques in a stimulating and supportive academic environment. As part of rhp's ongoing self-evaluation and improvement, a group of teachers, trustees and parents has approved the learning expectations for students, based on the four pillars of disciplined minds, sound character, healthy bodies, and creative spirits. Every year each faculty member focuses on at least one of the four pillars, incorporating its philosophy into that year's teaching and evaluation. These principles are not just on paper, they inspire the high quality teaching that is a hallmark of rhp.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
$896K 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

FY2020 · 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
2 of 6
filings with a surplus
Average surplus $113K a year · under 1% of revenue · last 6 filings
Worth a look: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$896K
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
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.8 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $32K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$13.1M
23% of total assets
Looks good: liabilities are 23% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$12.2M
Spent
$12.9M
To programs
85%
Net assets
$43.4M
By yearFY2020–FY2025
Revenue
$12.2M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$12.2M
FY2021$18.8M
FY2022$14.1M
FY2023$9.7M
FY2024$8.7M
FY2025$8.2M
Expenses
$12.9M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$12.9M
FY2021$11.3M
FY2022$11.7M
FY2023$13.0M
FY2024$11.7M
FY2025$10.4M
Net assets
$43.4M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$43.4M
FY2021$50.9M
FY2022$53.2M
FY2023$50.0M
FY2024$47.0M
FY2025$44.9M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 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 Jan 1983.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $11.0M Management & general 11% · $1.5M Fundraising 4% · $489K

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; $896K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Head of School
$272,875Pt VII · Sec A
Associate Head of School for Advancement
$177,625Pt VII · Sec A
Associate Head of Schoold for Academics
$152,250Pt VII · Sec A
Associate Head of School for Enrollment Management
$152,250Pt VII · Sec A
Director of Student Services
$141,321Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Christina Morse’s $272K as Associate Head of School is at the 93rd percentile of top reported officer pay among 3395 $1–10M 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
Amy Z Hollinger—$277,153$304,262———
David Maher———$174,413$296,976$272,875
Christina Morse$271,783$193,243——$110,863—
Christina Pak—$218,763————
Suzanne Mathews——$126,749$179,658$163,533$177,625
Ervin E Reed III——$177,475———
Jacqueline Olivier$160,000—————
Amy Hollinger———$158,024——

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

Educates about 170 students in grades 3-12.

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Provided by the organization

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3 programs · $11.0M · in their own filed words · FY2019
01

Operation of a children's preparatory school for 204 students, GRADE1-12. The school works with families and students to offer a range of academic, art and athletic courses to help prepare college-bound students for lifelong success in a global 21ST century using proven teaching techniques in a stimulating and supportive academic…

$9.1Mprogram expense
02

Auxiliary programs include sports, outdoor education, after school programs and other academic support. These extracurricular activities are available to all students, and students are encouraged to participate in the activities offered by the school, which include, but are not limited to, plays, musicals and other artistic performances…

$1.7Mprogram expense
03

Other Auxiliary Programs

P.E., transportation, field trips.

$190Kprogram 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 · FY2024
Total grants receivedfrom 2 funders$32K
Grants paid · 6 grants · $11.5M · 2019–2023
Unitemized GrantFY2023$2,406,461
Unitemized GrantFY2023$29,291
Unitemized GrantFY2022$2,365,528
Unitemized GrantFY2021$2,060,639
Unitemized GrantFY2020$2,191,839
Unitemized GrantFY2019$2,431,108

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$12.2M
Ln 12
Fees for servicesLn 2g$9.2M
Gifts and grantsLn 1h$3.0M
Investment incomeLn 3$169
Money outPt IX
$12.9M
Ln 25
Programscol B$11.0M
Managementcol C$1.5M
Fundraisingcol D$489K
Owns and owesPt X
$43.4M
net assets · Ln 32
Cash and savingsLn 1–2$831K
Total assetsLn 16$56.5M
LiabilitiesLn 26$13.1M
PeoplePt VI, VII
21
listed · VII A
PaidVII A5
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.0M
Fundraising eventsLn 1c$117K
Fees for servicesLn 2g$9.2M
Investment incomeLn 3$169
Total revenueLn 12$12.2M
Assets in detailPt X, end of year
CashLn 1$713K
SavingsLn 2$118K
Cash and savings togetherLn 1–2$831K
Land, buildings, equipmentLn 10c$52.9M
Other assetsLn 15$0
Total assetsLn 16$56.5M
LiabilitiesLn 26$13.1M
Net assetsLn 32$43.4M
OperationsPt I, VI
EmployeesI 585
VolunteersI 625
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 FY20End FY20
Cash and savingsLn 1–2$714K$831K
Land, buildings, equipmentLn 10c$53.1M$52.9M
Total assetsLn 16$57.8M$56.5M
LiabilitiesLn 26$13.7M$13.1M
Net assetsLn 32$44.1M$43.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$2.4M$2.4M
Pay of current officers, directors and key staffLn 5$330K$132K$165K$33K
Other salaries and wagesLn 7$6.1M$5.1M$681K$290K
Pension plan contributionsLn 8$255K$209K$33K$13K
Other employee benefitsLn 9$446K$383K$44K$19K
Payroll taxesLn 10$438K$360K$57K$22K
Other fees for servicesLn 11g$570K$349K$195K$27K
Advertising and promotionLn 12$36K$35K$1K
Office expensesLn 13$130K$107K$17K$7K
OccupancyLn 16$262K$215K$34K$13K
TravelLn 17$179K$179K
Conferences, conventions and meetingsLn 19$27K$27K$416
InterestLn 20$320K$262K$42K$16K
Depreciation, depletion and amortizationLn 22$510K$418K$66K$26K
InsuranceLn 23$81K$66K$10K$4K
Other expenses (24a–d)Ln 24$535K$464K$55K$16K
All other expensesLn 24e$247K$186K$57K$3K
Total functional expensesLn 25$12.9M$11.0M$1.5M$489K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $8.2M$10.4M−$2.3M$44.9M 990 PDF
FY2024 $8.7M$11.7M−$2.9M$47.0M 990 PDF
FY2023 $9.7M$13.0M−$3.2M$50.0M 990 PDF
FY2022 $14.1M$11.7M$2.3M$53.2M 990 PDF
FY2021 $18.8M$11.3M$7.5M$50.9M 990 PDF
FY2020 Viewing $12.2M$12.9M−$723K$43.4M 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 FY2020 990 (6 parts)
Part I · Summary $12,186,114 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,471,157$2,982,463
I-9 Program service revenuePrior year $9,993,600$9,203,583
I-10 Investment incomePrior year $117$169
I-11 Other revenuePrior year −$25,114−$101
I-12 Total revenuePrior year $11,439,760$12,186,114
I-13 Grants and similar amounts paidPrior year $2,703,191$2,431,108
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $6,926,209$7,582,096
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $3,004,289$2,896,407
I-18 Total expensesPrior year $12,633,689$12,909,611
I-19 Revenue less expensesPrior year −$1,193,929−$723,497
Part VI · Governance 10 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
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 $12,186,114 across 9 lines filed
Lines not itemized here account for $7,919 of total revenue; see the IRS return.
VIII-1c Fundraising events$116,710
VIII-1f All other contributions, gifts and grants$2,865,753
VIII-1h Total contributions, gifts and grants$2,982,463
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $9,195,664$9,195,664
VIII-3 Investment incomeExcluded from tax $169$169
VIII-6 Net rental income or lossExcluded from tax −$95,180−$95,180
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $95,079$95,079
VIII-12 Total revenueRelated to mission $9,203,583 · Unrelated business $0 · Excluded from tax $68$12,186,114
Part IX · Statement of functional expenses $12,909,611 across 17 lines filed
IX-2 Grants to domestic individualsPrograms $2,431,108$2,431,108
IX-5 Pay of current officers, directors and key staffPrograms $131,911 · Management $164,888 · Fundraising $32,978$329,777
IX-7 Other salaries and wagesPrograms $5,142,084 · Management $680,670 · Fundraising $290,243$6,112,997
IX-8 Pension plan contributionsPrograms $209,115 · Management $33,152 · Fundraising $12,751$255,018
IX-9 Other employee benefitsPrograms $383,104 · Management $43,865 · Fundraising $18,866$445,835
IX-10 Payroll taxesPrograms $359,545 · Management $57,001 · Fundraising $21,923$438,469
IX-11g Other fees for servicesPrograms $348,557 · Management $194,959 · Fundraising $26,593$570,109
IX-12 Advertising and promotionPrograms $34,735 · Fundraising $1,450$36,185
IX-13 Office expensesPrograms $106,812 · Management $16,935 · Fundraising $6,512$130,259
IX-16 OccupancyPrograms $214,639 · Management $34,029 · Fundraising $13,088$261,756
IX-17 TravelPrograms $178,704$178,704
IX-19 Conferences, conventions and meetingsPrograms $26,572 · Management $416$26,988
IX-20 InterestPrograms $262,239 · Management $41,574 · Fundraising $15,990$319,803
IX-22 Depreciation, depletion and amortizationPrograms $418,201 · Management $66,300 · Fundraising $25,500$510,001
IX-23 InsurancePrograms $66,061 · Management $10,473 · Fundraising $4,028$80,562
IX-24 Other expenses (24a–d)Programs $463,568 · Management $55,310 · Fundraising $15,967$534,845
IX-24e All other expensesPrograms $186,440 · Management $57,487 · Fundraising $3,268$247,195
IX-25 Total functional expensesPrograms $10,963,395 · Management $1,457,059 · Fundraising $489,157$12,909,611
Part X · Balance sheet $56,507,062 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $346,892$712,947
X-2 Savings and temporary cash investmentsStart of year $367,104$118,134
X-3 Pledges and grants receivableStart of year $449,333$387,658
X-4 Accounts receivableStart of year $3,345,364$2,349,853
X-9 Prepaid expenses and deferred chargesStart of year $167,979$50,685
X-10c Land, buildings and equipment, netStart of year $53,088,777$52,887,785
X-15 Other assetsStart of year $29,957$0
X-16 Total assetsStart of year $57,795,406$56,507,062
X-17 Accounts payable and accrued expensesStart of year $278,359$288,918
X-19 Deferred revenueStart of year $6,703,897$5,457,123
X-25 Other liabilitiesStart of year $0$1,379,462
X-26 Total liabilitiesStart of year $13,710,353$13,145,506
X-27 Net assets without donor restrictionsStart of year $30,797,392$32,813,063
X-28 Net assets with donor restrictionsStart of year $13,287,661$10,548,493
X-32 Total net assets or fund balancesStart of year $44,085,053$43,361,556
X-33 Total liabilities and net assetsStart of year $57,795,406$56,507,062
Part XI · Reconciliation of net assets $43,361,556 net assets at year end
XI-1 Total revenue$12,186,114
XI-2 Total expenses$12,909,611
XI-3 Revenue less expenses−$723,497
XI-4 Net assets at start of year$44,085,053
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$43,361,556

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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