Hillbrook School

Nonprofit profile at a glance

EIN
940382325
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Los Gatos, CA, USA
Phone
4083566116
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Primary, Elementary Schools

Official website

Reported finances

Revenue
$27,310,129
Expenses
$27,771,734
Assets
$75,337,006
Liabilities
$61,647,074

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

31 people listed

Executive titles in this filing

  • SHANNON HUNT SCOTT (CHAIR, BOT AND CEO)

Highest reported compensation

  • MARK SILVER (HEAD OF SCHOOL): $747,470 total reported compensation
  • MARGARET RANDAZZO (CFO & COO): $453,534 total reported compensation
  • COLLEEN SCHILLY (ASSOCIATE HEAD OF SCHOOL): $263,028 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Hillbrook provides an extraordinary educational experience that fosters a love of learning in our students and helps them to develop the knowledge, skills and confidence to achieve their highest individual potential in school and in life. (continued on sch. O)at hillbrook, students are known, respected, and valued as individuals and every day is a journey of self-discovery, imaginative thinking, creative problem solving, laughter, and friendship.

What it reported doing in 2024

Hillbrook school is a co-educational country day school founded in 1935 and incorporated in 1999 as a California not-for-profit corporation to provide quality education for approximately 440 primary, middle, and upper school age children in junior kindergarten through tenth grade.during the year ended june 30, 2022, the school's board of trustees approved a plan to expand its operation to add an upper school for students in ninth through twelfth grades. In june 2022, the school signed long-term leases at two historical buildings providing for a second urban campus located in downtown san jose. The school enrolled and launched its first ninth grade class in the fall of 2023, its first tenth grade class in the fall of 2024, (continued on schedule o)and its first eleventh grade class in the fall of 2025. The school plans to add a twelfth grade class in the fall of 2026, with a target upper school enrollment eventually ramping up to approximately 300 students. The upper school is focused on a rigorous academic program that balances skills-based and integrated, interdisciplinary offerings, with a deep commitment to diversity, equity and inclusion, and social impact education.

Operating model

Revenue model
Earned-program. 76% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 82% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 77
  • Transparency & Controls: 87
  • Accountability: 90
  • Sustainability: 36
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 83.3%; rating input score 83
  • Program expense ratio: 81.6%; rating input score 82
  • Fundraising efficiency: $8.04 raised per $1 spent on fundraising; rating input score 32; 32nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -1.7%; rating input score 24; 24th percentile among comparable filings
  • Total-asset coverage ratio: 2.71; rating input score 72; 72nd percentile among comparable filings
  • Liabilities to assets ratio: 0.82; rating input score 13; 13th percentile among comparable filings
  • Officer compensation ratio: 12.1%; rating input score 14; 14th percentile among comparable filings

Growth

  • Program expense growth: 9.6% per year; rating input score 100; 69th percentile among comparable filings
  • Revenue growth: 7.5% per year; rating input score 100; 62nd percentile among comparable filings
  • Asset growth: 13.5% per year; rating input score 100; 77th percentile among comparable filings

Details

  • Where the money goes: 83.3% of revenue deployed · 81.6% of spending went to programs
  • Governance: 18 of 18 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $22.7M in reported program spending
  • Leadership: top reported pay $747K · 31 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $11.5M reported
  • Consistency: 36 of 36 current checks pass
  • Schedules: 11 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 15 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 13 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Fundraising efficiency scored 32/100.
  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • High — Sustainability: Operating margin scored 24/100.
  • High — Sustainability: Liabilities to assets ratio scored 13/100.
  • High — Sustainability: Officer compensation ratio scored 14/100.