2023-05-13T14:42:17-05:00 2022-06-30 420714325 RSM US LLP 1250 H STREET SUITE 700 WASHINGTON DC 20005 990 2021-07-01 540506326 THE PROTESTANT EPISCOPAL HIGH SCHOOL IN VIRGINIA PROT 7039334092 1200 NORTH QUAKER LANE ALEXANDRIA VA 22302 WILLIAM H DE BUTTS III CFO 7039334092 2023-05-15 1 WILLIAM DE BUTTS III XXX-XX-XXXX MEREDITH BELL P01696827 2022932200 2023-05-12 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z EPISCOPAL HIGH SCHOOL CHARLES M STILLWELL 1200 NORTH QUAKER LANE ALEXANDRIA VA 22302 93584840 0 X WWW.EPISCOPALHIGHSCHOOL.ORG X 1839 VA THE INSTITUTION'S PRIMARY EXEMPT PURPOSE IS TO PROVIDE EDUCATION TO HIGH SCHOOL STUDENTS. 24 24 299 50 0 0 22116505 11905553 27518662 29920394 18157485 8383727 159143 236360 67951795 50446034 7346390 7993034 0 0 19408077 21466859 0 0 5228050 21382164 22553987 48136631 52013880 19815164 -1567846 560084637 584467906 37514387 89935318 522570250 494532588 X GUIDED BY ITS FOUNDING PRINCIPLES OF HONOR, ACADEMIC DISTINCTION, SPIRITUAL GROWTH, AND COMMUNITY, EPISCOPAL HIGH SCHOOL PREPARES YOUNG PEOPLE WITH THE INTELLECTUAL AND MORAL COURAGE TO PURSUE LIVES OF ETHICAL LEADERSHIP AND SERVICE AS CITIZENS OF AN INCREASINGLY CONNECTED WORLD. 0 0 38844378 7993034 30043324 THE PROTESTANT EPISCOPAL HIGH SCHOOL IN VIRGINIA, FOUNDED IN 1839, IS A CO-ED COLLEGE PREPARATORY, 100% BOARDING SCHOOL (440 STUDENTS IN GRADES 9-12) LOCATED ON A 135-ACRE CAMPUS IN THE CITY OF ALEXANDRIA, VIRGINIA, APPROXIMATELY SEVEN MILES FROM WASHINGTON, DC. EPISCOPAL IS DEDICATED TO THE STUDENT'S PURSUIT OF EXCELLENCE AND TO THE JOY OF LEARNING AND SELF-DISCOVERY IN A CARING AND SUPPORTIVE COMMUNITY. ENRICHED BY THE EDUCATIONAL AND CULTURAL RESOURCES OF THE NATION'S CAPITAL, EPISCOPAL'S DYNAMIC ACADEMIC PROGRAM ENCOURAGES STUDENTS TO DEVELOP INDIVIDUAL TALENTS AND PREPARES THEM TO ATTEND SELECTIVE COLLEGES AND UNIVERSITIES. STUDENTS FROM DIVERSE BACKGROUNDS LIVE AND LEARN TOGETHER IN A RESIDENTIAL COMMUNITY BASED ON A FOUNDATION OF HONOR, RESPONSIBILITY, AND MUTUAL RESPECT. THEY DEVELOP ENDURING RELATIONSHIPS AT EHS AND GROW AS DISCERNING, SELF-RELIANT, CREATIVE, COMPASSIONATE INDIVIDUALS. THE EPISCOPAL HIGH SCHOOL COMMUNITY PREPARES YOUNG PEOPLE TO LEAD PRINCIPLED AND FULFILLING LIVES OF LEADERSHIP AND SERVICE TO OTHERS. 38844378 1 1 0 0 0 0 0 1 0 1 1 1 0 1 1 0 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 37 0 1 299 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 24 24 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 X WILLIAM H DE BUTTS III CFO 7039334092 1200 NORTH QUAKER LANE ALEXANDRIA VA 22302 LEE S AINSLIE III CHAIRMAN 1.00 X X 0 0 0 SARAH KNUTSON VICE-CHAIR 1.00 X X 0 0 0 ZACK BACON TRUSTEE 1.00 X 0 0 0 JONATHAN S BEANE TRUSTEE 1.00 X 0 0 0 GRETCHEN C BYRD TRUSTEE 1.00 X 0 0 0 MAX C CHAPMAN TRUSTEE 1.00 X 0 0 0 JEFF CLARKE TRUSTEE 1.00 X 0 0 0 ROBERT M COLLIE III TRUSTEE 1.00 X 0 0 0 AMANDA CORNELSON TRUSTEE 1.00 X 0 0 0 CRAIG DIXON TRUSTEE 1.00 X 0 0 0 DAVID DOUGHERTY TRUSTEE 1.00 X 0 0 0 DYLAN GLENN TRUSTEE 1.00 X 0 0 0 CARY L GOODWIN TRUSTEE 1.00 X 0 0 0 BILL HUGHES TRUSTEE 1.00 X 0 0 0 STEVEN C LILLY TRUSTEE 1.00 X 0 0 0 ALEX Y LIU TRUSTEE 1.00 X 0 0 0 N THOMPSON LONG TRUSTEE 1.00 X 0 0 0 RANSOM C LUMMIS TRUSTEE 1.00 X 0 0 0 LAUREN M MARSHALL TRUSTEE 1.00 X 0 0 0 LAURA O'CONNOR TRUSTEE 1.00 X 0 0 0 M RODNEY ROBINSON TRUSTEE 1.00 X 0 0 0 DR J JUERGEN TAYLOR TRUSTEE 1.00 X 0 0 0 LEAH KANNENSOHN TENNILLE TRUSTEE 1.00 X 0 0 0 HELEN GRASSI VEST TRUSTEE 1.00 X 0 0 0 E JENNER WOOD III TRUSTEE 1.00 X 0 0 0 CHARLES M STILLWELL PRESIDENT & HEAD OF SCHOOL 40.00 X 584032 0 165929 WILLIAM H DEBUTTS III SECRETARY/TREASURER/CFO 40.00 X 266464 0 92054 CHRISTINA HOLT ASST. HEAD FOR ADVANCEMENT 40.00 X 188329 0 94191 ED RENGERS DIRECTOR OF FACILITIES 40.00 X 139850 0 64816 TARA MAGLIO DIRECTOR OF COLLEGE COUNSE 40.00 X 139204 0 99793 LUCY GOLDSTEIN DEAN OF FACULTY 40.00 X 127988 0 59874 SCOTT CONKLIN DIRECTOR OF ADMISSIONS 40.00 X 126749 0 97365 1572616 0 674022 23 0 1 0 EE REED CONSTRUCTION 3076 CENTERVILLE ROAD 210 HERNDON VA 20171 CONSTRUCTION 7397027 FLIK PO BOX 417632 BOSTON MA 022417632 FOOD SERVICE 2498603 SODEXO INC & AFFILIATES PO BOX 536922 ATLANTA GA 303536922 CUSTODIAL SERVICES 1128328 DLR GROUPBOWIE GRIDLEY 1010 WISCONSIN AVENUE NW 400 WASHINGTON DC 20007 ARCHITECT 841248 WORCESTER EISENBRANDT INC 2100 GABLE AVENUE BALTIMORE MD 21230 CONSTRUCTION 536773 37 11905553 592112 11905553 TUITION AND FEES 900099 29765875 29765875 AUXILIARY FEES 900099 138336 138336 SUMMER PROGRAMS 900099 16183 16183 29920394 6117892 6117892 31325 0 31325 31325 31325 45047109 42781274 2265835 2265835 2265835 480462 357532 122930 122930 OTHER REVENUE 900099 82105 82105 82105 50446034 30043324 0 8497157 7993034 7993034 968394 705829 137611 124954 14729051 10617677 2163366 1948008 1235342 987628 123474 124240 3422079 2735876 342039 344164 1111993 889014 111144 111835 74564 74564 113495 113495 1277219 1277219 1702399 1146592 372644 183163 258780 45202 8590 204988 1052612 645743 281197 125672 2726711 2117469 270985 338257 422374 362507 59867 197545 139090 57849 606 1498277 1163510 148901 185866 6005426 4429599 868217 707610 406864 406864 FOOD SERVICE 2690982 2690982 0 0 OTHER EXPENSES 1878753 748368 761075 369310 CLASSROOM EXPENSES 588907 588907 0 0 ON-CAMPUS 556955 190318 366637 1102124 837351 231900 32873 52013880 38844378 7941452 5228050 6987402 8745307 1390438 25925824 28537645 22966594 49158 524357 119514 119514 49991 44020 1018118 1054545 238434475 89177313 127022236 149257162 31311686 32101374 165634703 134903638 197963746 208825571 560084637 584467906 2502085 11708360 3597129 3542886 30798827 74332613 616346 351459 37514387 89935318 X 154724454 142497857 367845796 352034731 522570250 494532588 560084637 584467906 X -1567846 -43139960 16670144 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 36486 4804473 X X X 0 191869720 10924771 -32177889 3108483 4075840 1457219 161975060 149704157 4814032 45844905 2832868 3638105 2022401 191869720 146453604 4355754 5644875 2638369 3438950 672757 149704157 142213738 2911433 7232433 2439216 3464784 146453604 135115741 348566 12705432 5956001 142213738 0.26250 0.44900 0.28850 0 0 186120 186120 197991289 81035408 116955881 11189117 8141905 3047212 29067949 29067949 149257162 ART COLLECTIONS 4804473 C CASH SURRENDER VALUE OF LIFE INSURANCE 1090939 F LONE CEDAR LTD 4324109 F LONE CASCADE, L.P. 10341405 F MAKENA CAPITAL ASSOCIATES, L.P 15885145 F HARBOUR VEST, L.P. 9637902 F MARSHALL WACE LLP 14911004 F CANYON CAPITAL ADVISORS 9144757 F FARALLON CAPITAL MANAGEMENT LLC 10281444 F KABOUTER MANAGEMENT LLC 4182693 F GQG PARTNERS 7649460 F SELECT EQUITY 7831224 F FARRALLON EQUITY 11797072 F TIGER GLOBAL PRIVATE XIV 5991711 F TIGER GLOBAL PRIVATE XV 1997581 F WHALE ROCK CAPITAL MANAGEMENT LLC 5952530 F RA CAPITAL MANAGEMENT LLC 7728525 F CASDIN CAPITAL LLC 1351664 F 134903638 PERPETUAL TRUSTS HELD BY THIRD PARTIES 201209865 ASSETS HELD IN CHARITABLE REMAINDER TRUSTS 6751673 INVESTMENT IN BUTTERFLY HOUSE 450000 RIGHT-OF-USE ASSETS, NET 414033 208825571 RIGHT-OF-USE LEASE OBLIGATIONS, NET 351459 351459 14705965 -43139960 8677110 -34462850 49168815 1277219 1277219 50446034 42743627 0 42743627 1277219 7993034 9270253 52013880 PART III, LINE 4: THE SCHOOL'S COLLECTIONS ARE MADE UP OF ART OBJECTS AND OTHER ARTIFACTS OF HISTORICAL AND EDUCATIONAL SIGNIFICANCE. EACH ITEM IS DOCUMENTED FOR EDUCATIONAL SIGNIFICANCE AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED PERIODICALLY. PART V, LINE 4: THE OVERALL FINANCIAL OBJECTIVE IS TO PROVIDE FINANCIAL SUPPORT FOR THE SCHOOL'S OPERATIONS AT A LEVEL CONSISTENT WITH MAINTAINING OR INCREASING THE PURCHASING POWER OVER TIME. THE SCHOOL'S POLICY IS TO APPROPRIATE 4.5% OF THE ROLLING TWELVE QUARTER AVERAGE OF THE JUNE 30 ENDOWMENT VALUE TO SUPPORT OPERATIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID NETTED AGAINST TUITION REVENUE -7,993,034. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 16,670,144. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED AGAINST TUITION REVENUE 7,993,034. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE POLICY IS PUBLICIZED THROUGH PRINTED MATERIALS AND PERIODIC NOTICES IN NEWSPAPERS. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 58020981 0 0 0 0 0 0 58020981 0 58020981 1 0 0 0 1 0 PART III ACCOUNTING METHOD: 1 SCHOLARSHIPS FOR EHS STUDENTS 175 7968870 FINANCIAL AID - HEALTH INSURANCE 6 24164 PART I, LINE 2: PARENTS REQUESTING SCHOLARSHIP ASSISTANCE COMPLETE AND FILE AN APPLICATION, INCLUDING FINANCIAL INFORMATION, WITH THE SCHOOL SCHOLARSHIP SERVICE TO WHICH THE SCHOOL IS A SUBSCRIBER. THE SCHOOL SCHOLARSHIP SERVICE ADVISES THE SCHOOL OF THE ELIGIBILITY OF THE STUDENT FOR THE SCHOLARSHIP ASSISTANCE. ONCE ELIGIBILITY IS ESTABLISHED, SPECIFIC DOLLAR AMOUNTS ARE RECOMMENDED. THE SCHOOL THEN FINALIZES THE AMOUNT OF SCHOLARSHIP AID TO BE GIVEN TO EACH CHILD. SCHOLARSHIPS BASED ON MERIT ARE ALSO GIVEN TO DESERVING STUDENTS. X X X 1 1 X X 0 0 0 0 0 0 0 1 0 CHARLES M STILLWELL PRESIDENT & HEAD OF SCHOOL 470886 0 83800 0 29346 0 0 0 178404 0 762436 0 0 0 WILLIAM H DEBUTTS III SECRETARY/TREASURER/CFO 244588 0 0 0 21876 0 0 0 94857 0 361321 0 0 0 CHRISTINA HOLT ASST. HEAD FOR ADVANCEMENT 186781 0 0 0 1548 0 0 0 94191 0 282520 0 0 0 TARA MAGLIO DIRECTOR OF COLLEGE COUNSE 138784 0 0 0 420 0 0 0 99895 0 239099 0 0 0 SCOTT CONKLIN DIRECTOR OF ADMISSIONS 126540 0 0 0 209 0 0 0 97365 0 224114 0 0 0 ED RENGERS DIRECTOR OF FACILITIES 134226 0 0 0 5624 0 0 0 64816 0 204666 0 0 0 LUCY GOLDSTEIN DEAN OF FACULTY 127736 0 0 0 252 0 0 0 59874 0 187862 0 0 0 PART I, LINE 1A ON CAMPUS HOUSING WAS FURNISHED TO CERTAIN EMPLOYEES FOR THE CONVENIENCE OF THE EMPLOYER. THE HOUSING IS NECESSARY TO CARRY OUT THE DUTIES OF THEIR JOBS. WE HAVE DISCLOSED FAIR RENTAL VALUE AS THE VALUE OF THE HOUSING BENEFIT. THE ENTIRE COMPENSATION PACKAGES, INCLUDING THE HOUSING ARRANGEMENT, WERE APPROVED BY THE BOARD OF TRUSTEES WITH PROPER DOCUMENTATION. FOLLOWING EMPLOYEES RECEIVED NON-TAXABLE HOUSING BENEFITS: CHARLES STILLWELL - $127,938 WILLIAM H. DEBUTTS, III - $66,750 CHRISTINA HOLT - $66,750 ED RENGERS - $44,500 TARA MAGLIO - $85,729 LUCY GOLDSTEIN - $48,950 SCOTT CONKLIN - $66,750 C. STILLWELL RECEIVED TAXABLE DUES IN THE AMOUNT OF $8,298. C. STILLWELL RECEIVED NON-TAXABLE PERSONAL SERVICES IN THE AMOUNT OF $7,800. C. STILLWELL RECEIVED NON-TAXABLE DISCRETIONARY SPENDING IN THE AMOUNT OF $12,475. PART I, LINE 7 HEAD OF SCHOOL IS AWARDED A DISCRETIONARY BONUS BY THE BOARD OF TRUSTEES. A INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF ALEXANDRIA SERIES 2012 521381432 015304EB0 2012-04-05 13447645 REFUND PRIOR ISSUE 0 0 0 B INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF ALEXANDRIA SERIES 2014 521381432 015304ES3 2014-10-07 14176023 REFUND PRIOR ISSUE 0 0 0 C INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF ALEXANDRIA SERIES 2017 521381432 015304FG8 2017-02-02 11456498 REFUND PRIOR ISSUE 0 0 0 D TD BANK 2021 SERIES A 2021-08-05 0 0 0 A 13075000 13447645 240041 13207604 2012 0 1 1 1 B 5160000 14176023 247282 13928741 2014 1 0 1 1 C 250000 11456498 229912 11226586 2017 0 1 1 1 D 0 0 0 0 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 A 0 0 1 0 0 0 0 0 1 B 0 0 1 0 0 0 0 0 1 C 0 0 1 0 0 0 0 0 0 D 0 0 0 0 0 0 0 0 0 A 1 B 1 C 0 D 0 SCHEDULE K, PART IV, LINE 2B, EXCEPTION TO REBATE ALL OF THE SCHOOL'S BONDS HAVE ARBITRAGE REPORTS COMPLETED AND SINCE THE SCHOOL DID NOT OWE ANY MONEY, THE SCHOOL DID NOT FILE 8038-T. A TD BANK 2021 SERIES B 2021-08-05 0 0 0 B 2021 SERIES C 2021-08-05 0 0 0 RICHARD F YARBOROUGH FORMER CFO AND SECRETARY/TREASURER OF THE BOARD TO PURCHASE A LIFE INSURANCE POLICY IN WHICH SCHOOL IS THE BENEFICARY X 119514 119514 0 1 1 119514 X 36486 FMV X 56 555626 FMV 0 0 1 0 PART I, COLUMN (B): REPORTING THE NUMBER OF CONTRIBUTIONS FORM 990, PART 1, LINE 06, NUMBER OF VOLUNTEERS: THE NUMBER OF VOLUNTEERS REPRESENTS TRUSTEES AND PARENT ADVISORY COUNCIL. FORM 990, PART VI, SECTION A, LINE 8B NO COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE INFORMATION FOR THE 990 IS PREPARED BY THE CONTROLLER. THE INFORMATION IS THEN SENT TO AN ACCOUNTING FIRM FOR ENTRY ONTO THE 990 FORM. THE COMPLETED 990 IS THEN SENT BACK TO THE SCHOOL AND IS REVIEWED BY THE CONTROLLER AND THE CFO. ONCE APPROVED BY THE CFO THE RETURN IS MADE AVAILABLE TO THE BOARD MEMBERS ON THE BOARD PORTAL FOR THEM TO REVIEW. FORM 990, PART VI, SECTION B, LINE 12C THE SCHOOL HAS ITS ADMINISTRATIVE TEAM AND ALL BOARD MEMBERS SIGN CONFLICT OF INTEREST STATEMENTS ONCE A YEAR. ON THESE STATEMENTS THEY LIST ANY CONFLICTS OF INTEREST THEY MAY HAVE WITH THE SCHOOL OR WITH EACH OTHER. THE SCHOOL REVIEWS ANY CONFLICTS TO DETERMINE IF THEY WOULD REQUIRE ANY FURTHER ACTION. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS MEETS ANNUALLY TO REVIEW THE COMPENSATION OF THE HEAD OF SCHOOL AND CFO. THE BOARD USES SALARY DATA FROM SIMILAR ORGANIZATIONS TO DETERMINE REASONABLE COMPENSATION. A RECORD OF THIS DECISION IS FILED WITH THE SECRETARY OF THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 16,670,144.