Bishop School in La Jolla, California (CA)

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Bishop School
Employer Identification Number (EIN)951642362
Name of OrganizationBishop School
Address7607 La Jolla Blvd, La Jolla, CA 92037-4703
ActivitiesPrivate school
SubsectionCharitable Organization
Ruling Date09/1971
DeductibilityContributions are deductible
FoundationChurch
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period07/2008
Assets$50,000,000 to greater
Income$50,000,000 to greater
Filing Requirement990 - Not required to file (church)
Asset Amount$101,398,480
Amount of Income$75,082,338
Form 990 Revenue Amount$29,364,589
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Secondary, High School


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Amount of income in 2008: $75,082,338
Bishop School: 

 $75,082,338
Other organizations performing similar types of work: 

 $16,999,627

Assets in 2008: $101,398,480
This organization: 

 $101,398,480
Other organizations performing similar types of work: 

 $41,630,965

Expenses in 2007: $24,850,480
Bishop School: 

 $24,850,480
Other organizations performing similar types of work: 

 $14,637,671

Income to expenses ratio in 2007: 1.2
Bishop School: 

 1.2
Other organizations performing similar types of work: 

 1.2

Expenses allocated to program services in 2007: 63.2%
Bishop School: 

 63.2%
Other organizations performing similar types of work: 

 78.8%

Number of employees in 2007: 201
Bishop School: 

 201
Other organizations performing similar types of work: 

 175

Employees paid over $50,000 in 2007: 53.2%
Bishop School: 

 53.2%
Other organizations performing similar types of work: 

 28.6%

Grants share in income in 2007: 26.6%
Bishop School: 

 26.6%
Other organizations performing similar types of work: 

 11.2%

Financial snapshot ($)

Revenue for 2007

Assets at end of 2007

Expenses for 2007

Functional Expenses for 2007 ($)

Income-Producing Activities for 2007

Revenue, Expenses, and Changes in Net Assets or Fund Balances
2000200120022003200420062007
Total revenue$14,473,973$14,386,135$14,407,096$19,755,300$22,307,994$25,497,497$29,364,589
Contributions, gifts, grants, and similar amounts received$5,899,219$3,082,788$2,521,026$5,784,353$7,317,605$4,978,442$7,823,336
Contributions to donor advised funds$0$0
Direct public support$5,899,219$3,082,788$2,521,026$5,784,353$7,317,605$4,978,442$7,823,336
Indirect public support$0$0$0$0$0$0$0
Government contributions (grants)$0$0$0$0$0$0$0
Program service revenue including government fees and contracts$9,168,487$10,303,580$10,996,402$12,197,024$14,074,793$18,294,314$19,653,594
Membership dues and assessments$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$0$555,989$262,102$366,888$588,072$1,373,409$1,311,488
Dividends and interest from securities$0$0$0$0$0$0$0
Net rental income or (loss)$0$0$0$0$0$0$0
Gross rents$0$0$0$0$0$0$0
Less: rental expenses$0$0$0$0$0$0$0
Other investment income$437,178$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$-1,296,755$166,861$253,566$1,080,015$2,339$19,104$-4,120
Gross amount from sales of assets other than inventory$15,431,851$19,972,339$253,566$1,080,015$2,339$19,104$45,333,210
Less: cost or other basis and sales expenses$16,728,606$19,805,478$0$0$0$0$45,337,330
Net income or (loss) from special events and activities$0$0$0$0$0$0$0
Gross revenue$94,566$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$94,566$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$85,506$94,064$129,678$118,062$135,762$139,358$101,673
Gross sales of inventory, less returns and allowances$333,776$367,448$379,689$415,238$453,589$487,015$482,092
Less: cost of goods sold$248,270$273,384$250,011$297,176$317,827$347,657$380,419
Other revenue$180,338$182,853$244,322$208,958$189,423$692,870$478,618
Total expenses$11,965,151$13,174,263$14,575,672$16,358,525$17,281,546$22,898,517$24,850,480
Program services$9,584,220$10,837,667$11,770,569$12,999,550$14,298,813$14,418,460$15,707,481
Management and general$1,690,059$1,679,617$2,163,332$2,719,826$2,331,715$7,509,500$7,978,418
Fundraising$690,872$656,979$641,771$639,149$651,018$970,557$1,164,581
Payments to affiliates$0$0$0$0$0$0$0
Net assets or fund balances at end of year$32,358,665$31,894,687$32,885,556$36,874,083$43,657,042$54,567,975$57,009,997
Excess or (deficit) for the year$2,508,822$1,211,872$-168,576$3,396,775$5,026,448$2,598,980$4,514,109
Net assets or fund balances at beginning of year$32,074,603$32,358,665$31,894,687$32,885,556$36,874,083$48,697,348$54,567,975
Other changes in net assets or fund balances$-2,224,760$-1,675,850$1,159,445$591,752$1,756,511$3,271,647$-2,072,087
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$24,850,480$15,707,481$7,978,418$1,164,581
Grants paid from donor advised funds$0
Other grants and allocations$2,357,720
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$651,130$297,278$353,852$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$11,480,205$8,718,211$2,267,471$494,523
Pension plan contributions not included above$820,057$640,583$146,594$32,880
Employee benefits not included above$972,521$700,220$253,734$18,567
Payroll taxes$860,818$665,424$155,648$39,746
Professional fundraising fees$0$0$0$0
Accounting fees$46,836$0$46,836$0
Legal fees$41,196$0$41,196$0
Supplies$1,589,758$1,173,768$375,801$40,189
Telephone$50,215$12,846$36,959$410
Postage and shipping$64,774$4,367$51,348$9,059
Occupancy$355,634$0$355,634$0
Equipment rental and maintenance$91,584$16,286$72,225$3,073
Printing and publications$256,667$8,916$135,661$112,090
Travel$274,728$266,053$4,469$4,206
Conferences, conventions, and meetings$0$0$0$0
Interest$1,357,710$0$1,357,710$0
Depreciation, depletion, etc.$1,586,807$24,877$1,561,930$0
Other expenses not covered above$1,992,120$820,932$761,350$409,838
Balance Sheets
2000200120022003200420062007
Total assets$39,669,504$39,472,628$41,630,138$72,730,563$89,370,995$96,892,857$101,398,480
Cash - non-interest-bearing$185,528$388,248$188,494$444,046$328,095$357,340$525,711
Savings and temporary cash investments$2,262,537$2,424,096$1,018,615$4,102,942$12,257,702$8,930,086$9,087,879
Accounts receivable less allowance for doubtful accounts$71,723$47,586$197,711$67,845$123,687$474,027$252,214
Pledges receivable less allowance for doubtful accounts$3,476,889$3,256,832$2,330,198$2,670,745$5,677,268$4,004,828$5,278,358
Grants receivable$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0$0$0$0
Inventories for sale or use$237,577$276,616$302,507$306,714$280,405$288,454$185,888
Prepaid expenses and deferred charges$112,734$149,457$141,781$149,333$394,273$454,542$452,672
Investments - publicly-traded securities$0$44,237,399
Investments - other securities$19,624,976$19,148,035$23,001,749$23,030,609$22,216,495$40,691,348$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0
Investments - other$0$0$0$21,517,746$6,824,064$393,604$98,338
Land, buildings, and equipment less accumulated depreciation$13,697,540$13,781,758$14,449,083$19,566,413$40,278,605$40,309,217$40,397,116
Other assets, including program-related investments$0$0$0$874,170$990,401$989,411$882,905
Total liabilities$7,310,839$7,577,941$8,744,582$35,856,480$45,713,953$42,324,882$44,388,483
Accounts payable and accrued expenses$486,074$7,106,734$8,434,760$1,662,401$9,175,953$1,936,962$2,178,824
Grants payable$0$0$0$0$600,000$0$2,400,000
Deferred revenue$272,887$222,037$297,269$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$25,000,000$25,000,000$25,000,000$24,875,000
Mortgages and other notes payable$0$0$0$0$0$0$0
Other liabilities$6,551,878$249,170$12,553$9,194,079$10,938,000$15,387,920$14,934,659
Total liabilities and net assets/fund balances$39,669,504$39,472,628$41,630,138$72,730,563$89,370,995$96,892,857$101,398,480
Total net assets or fund balances$32,358,665$31,894,687$32,885,556$36,874,083$43,657,042$54,567,975$57,009,997
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
2000200120022003200420062007
Total revenue$14,473,973$14,386,135$14,407,096$19,755,300$22,307,994$25,497,497$29,364,589
Total revenue, gains, and other support per audited financial statements$11,686,845$12,097,255$14,772,467$19,347,769$22,950,674$26,548,677$24,823,649
Other expenses$-1,976,490$-1,402,466$1,409,456$888,928$2,171,508$3,619,304$-1,691,668
Net unrealized gains on investments$-2,224,760$-1,675,850$1,159,445$591,752$1,853,681$3,271,647$-2,072,087
Donated services and use of facilities$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0
Other$248,270$273,384$250,011$297,176$317,827$347,657$380,419
Other revenue$810,638$886,414$1,044,085$1,296,459$1,528,828$2,568,124$2,849,272
Investment expenses$0$0$0$0$0$0$0
Other$810,638$886,414$1,044,085$1,296,459$1,528,828$2,568,124$2,849,272
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
2000200120022003200420062007
Total expenses$11,965,151$13,174,263$14,575,672$16,358,525$17,281,546$22,898,517$24,850,480
Total expenses and losses per audited financial statements$11,402,783$12,561,233$13,781,598$15,359,242$16,070,545$20,678,050$22,381,627
Other revenue$248,270$273,384$250,011$297,176$317,827$347,657$380,419
Donated services and use of facilities$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0
Other$248,270$273,384$250,011$297,176$317,827$347,657$380,419
Other expenses$810,638$886,414$1,044,085$1,296,459$1,528,828$2,568,124$2,849,272
Investment expenses$0$0$0$0$0$0$0
Other$810,638$886,414$1,044,085$1,296,459$1,528,828$2,568,124$2,849,272
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
40$233,500$23,176$0
40$417,630$24,037$11,131
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings40
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 2006201
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$1,887,659$19,653,594
Program service revenue
Program service revenue 1000000$000$0$18,378,682
Program service revenue 2000000$000$0$417,804
Program service revenue 3000000$000$0$331,817
Program service revenue 4000000$000$0$246,295
Program service revenue 5000000$000$0$278,996
$0$0$18,378,682
$0$0$246,295
$0$0$417,804
$0$0$331,817
$0$0$187,339
$0$0$91,657
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$1,311,488$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$-4,120$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$0Section 501(c)(3) organization - Income from an activity carried on primarily for the convenience of the organization's members, students, patients, visitors, officers, or employees (hospital parking lot or museum cafeteria, for example) (section 513(a)(2))$101,673$0
Other revenue000000$0Income from an activity that is not regularly carried on (section 512(a)(1))$478,618$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$233,500$22,644$0
$143,084$15,674$0
$131,330$15,675$0
$119,427$15,147$0
$119,807$13,837$0
Total number of other employees paid over $50,000100
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isSchool
Support Schedule
1999200020012002200320052006
Total$0$0$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0$0$0
Membership fees received$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0
Other income$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Number of organizations performing similar types of work
Alabama2
Arizona3
California31
Colorado5
Connecticut20
District of Columbia1
Delaware1
Florida6
Georgia5
Hawaii2
Iowa1
Illinois3
Indiana2
Kansas1
Kentucky2
Massachusetts29
Maryland5
Maine5
Michigan2
Minnesota3
Missouri5
Mississippi1
North Carolina8
New Hampshire9
New Jersey5
New Mexico4
New York13
Ohio4
Oregon3
Pennsylvania7
Rhode Island1
South Carolina2
Tennessee6
Texas7
Utah1
Virginia8
Vermont5
Washington5
Wisconsin1
Wyoming1
International2
Total227

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