CARLTHORP SCHOOL

EIN: 953512203 501(c)(3) Education

SANTA MONICA, CA

Total Revenue
$21,247,383
Total Expenses
$14,625,904
Total Assets
$61,006,469
Net Assets
$51,146,675
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Financial Trends

Organization Details

Formation Year
1939
Legal Domicile
CA
Principal Officer
KENNETH PARR
Phone
3104511332
Tax Period
2023-09-01 to 2024-08-31

CARLTHORP SCHOOL, founded in 1939, is a mid-sized nonprofit in the Education sector that reported $21.2M in total revenue in fiscal year 2023. Revenue surged 51% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.6M, a strong 31% operating margin.

Mission

CARLTHORP SCHOOL IS AN INDEPENDENT, NONPROFIT DAY SCHOOL FOR CHILDREN IN GRADES K-6. CARLTHORP SCHOOL PROVIDES A STRONG ACADEMIC FOUNDATION IN A DIVERSE AND NURTURING SCHOOL COMMUNITY THAT EMPHASIZES TRADITIONAL VALUES, DISCIPLINED WORK HABITS, AND EXCELLENCE IN ORDER TO PREPARE OUR STUDENTS TO ACHIEVE THEIR HIGHEST POTENTIAL IN EDUCATION AND LIFE.CARLTHORP SCHOOL, ESTABLISHED IN 1939, IS THE OLDEST INDEPENDENT SCHOOL IN SANTA MONICA. THOUGH THE BREADTH OF OUR CURRICULUM HAS RADICALLY EXPANDED IN THE LAST 86 YEARS, OUR BASIC PHILOSOPHY REMAINS THE SAME. WE FOCUS ON THE CHILD AS A WHOLE, HELPING THE CHILD TO GROW ACADEMICALLY, SOCIALLY, AND ETHICALLY - ALL WITHIN THE FRAMEWORK OF A TRADITIONALLY ACADEMIC SCHOOL. THE SCHOOL'S TRADITIONAL APPROACH TO EDUCATION, COUPLED WITH POSITIVE REINFORCEMENT IN A CARING WHOLESOME ENVIRONMENT PREPARES CHILDREN TO EXCEL IN TODAY'S COMPETITIVE SOCIETY.

Program Service Accomplishments

Program 1
Expenses: $12,145,171 Revenue: $11,343,767

CARLTHORP SCHOOL IS ACCREDITED BY THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS, THE CALIFORNIA ASSOCIATION OF INDEPENDENT SCHOOLS AND THE WESTERN ASSOCIATION OF SCHOOLS AND COLLEGES. CARLTHORP...

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CARLTHORP SCHOOL IS ACCREDITED BY THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS, THE CALIFORNIA ASSOCIATION OF INDEPENDENT SCHOOLS AND THE WESTERN ASSOCIATION OF SCHOOLS AND COLLEGES. CARLTHORP SCHOOL RECEIVED THE "NO CHILD LEFT BEHIND" NATIONAL BLUE RIBBON OF EXCELLENCE AWARD. 100% OF CARLTHORP SCHOOL'S 2024 GRADUATING CLASSES ATTEND THE SECONDARY SCHOOL OF THEIR FIRST CHOICE.THE SCHOOL IS TRADITIONALLY AND ACADEMICALLY ORIENTED. THE CURRICULUM IS WELL-ROUNDED AND A SOLID ACADEMIC FOUNDATION IN MATH, READING, AND ENGLISH IS STRESSED. TEACHERS UTILIZE DIVERSE TEACHING MODALITIES AND STRATEGIES. WITH TWO CLASSES AT EACH GRADE LEVEL OF 20 STUDENTS IN EACH CLASS, EACH STUDENT FROM KINDERGARTEN THROUGH SIXTH GRADE RECEIVED INDIVIDUAL ATTENTION. THOROUGHNESS, ACCURACY AND RESPONSIBILITY ARE STRESSED IN ALL SCHOOLWORK, AND SPECIAL ATTENTION IS GIVEN TO NECESSARY PREPARATION FOR ENTRANCE TO PUBLIC AND PRIVATE SECONDARY SCHOOLS. DURING THE 2023-24 SCHOOL YEAR, THE SCHOOL SERVED APPROXIMATELY 280 STUDENTS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $7,808,435
Program Service Revenue $11,343,767
Investment Income $1,534,825
Other Revenue $560,356
TOTAL REVENUE $21,247,383

Expense Breakdown

Grants Paid $647,378
Salaries & Benefits $10,574,586
Fundraising Expenses $541,268
Program Expenses $12,145,171
Other Expenses $3,403,940
TOTAL EXPENSES $14,625,904

Year-over-Year Comparison

2023 2022 Change
Revenue $21,247,383 $14,083,775 +0.5%
Expenses $14,625,904 $12,985,683 +0.1%
Net Income $6,621,479 $1,098,092 +5.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
16
Independent Members
15
Employees
111
Volunteers
110

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$845,550
Total Directors
16
$494,567
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NOLA RAE CRONAN HEAD OF SCHOOL 40.00
Officer Director
$440,269 $54,298 $494,567
AARON LEWIS BOARD CHAIR 1.50
Officer Director
$0 $0 $0
JOSHUA BERTMAN TRUSTEE 1.50
Director
$0 $0 $0
MICHAEL BUNDY TRUSTEE 1.50
Director
$0 $0 $0
SUBHA CHUDGAR TRUSTEE 1.50
Director
$0 $0 $0
STEFANIE HUIE TRUSTEE 1.50
Director
$0 $0 $0
TIMOTHY JACKMAN TRUSTEE 1.50
Director
$0 $0 $0
JARRED KENNEDY TRUSTEE 1.50
Director
$0 $0 $0
SHERMAN MA TRUSTEE 1.50
Director
$0 $0 $0
MARK MCKEE TRUSTEE 1.50
Director
$0 $0 $0
DOROTHY MENZIES TRUSTEE 1.50
Director
$0 $0 $0
CARA MORENO TRUSTEE 1.50
Director
$0 $0 $0
KERRY O'NEILL TRUSTEE 1.50
Director
$0 $0 $0
ELLEN SCHWARZMAN TRUSTEE 1.50
Director
$0 $0 $0
VARUN SONI TRUSTEE 1.50
Director
$0 $0 $0
HANNAH TAYLOR SKVARLA TRUSTEE 1.50
Director
$0 $0 $0
KENNETH PARR SECRETARY/TREASURER 40.00
Officer
$261,281 $89,702 $350,983
STEVEN SPRINGER ASSOCIATE HEAD OF SCHOOL 40.00
Highest
$302,229 $55,387 $357,616
AMANDA SASSO DEAN OF ACADEMICS 40.00
Highest
$189,633 $20,284 $209,917
STEPHEN MILICH DIRECTOR OF ADMISSIONS 40.00
Highest
$192,975 $23,618 $216,593
MAUREEN POLLACK DIRECTOR OF ADVANCEMENT 40.00
Highest
$186,458 $21,431 $207,889
ANDRE MORRIS HEAD OF SCIENCE, INNOVATION & SPECIAL PROGRAMS 40.00
Highest
$140,057 $17,129 $157,186
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $21,247,383 $14,625,904 $61,006,469 $6,621,479
2023 $14,083,775 $12,985,683 $49,647,820 $1,098,092
2022 $12,590,028 $12,631,105 $45,708,597 $-41,077
2021 $11,073,290 $13,213,453 $48,419,297 $-2,140,163
2020 $11,649,150 $12,263,498 $45,333,330 $-614,348
2019 $11,352,256 $10,825,640 $42,705,873 $526,616
2018 $10,200,207 $10,223,270 $41,930,650 $-23,063
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