2022-02-22T07:31:11-06:00 2021-06-30 560574444 CHERRY BEKAERT LLP 200 SOUTH 10TH ST STE 900 RICHMOND VA 23219 990 2020-07-01 540914765 THE STEWARD SCHOOL CORPORATION STEW 8047403394 11600 GAYTON ROAD RICHMOND VA 23238 LISA S DWELLE ASSOCIATE HEAD OF SCHOOL 8047403394 2022-02-16 1 LISA DWELLE 999009999 AMANDA ADAMS P00748038 8046735700 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z LISA S DWELLE 11600 GAYTON ROAD RICHMOND VA 23238 21795214 0 X WWW.STEWARDSCHOOL.ORG X 1972 VA THE STEWARD SCHOOL PROVIDES FORMAL INSTRUCTION FOR GRADES JK THROUGH 12 AND MAINTAINS A REGULAR FACULTY AND CURRICULUM. ENROLLMENT IS APPROXIMATELY 650. 29 27 261 400 0 0 1796859 4063754 17926884 17404391 107524 149529 240880 128682 20072147 21746356 3984486 3057472 0 0 10261762 11466114 0 0 450682 5183446 5292472 19429694 19816058 642453 1930298 27806388 28823465 11460067 9829869 16346321 18993596 X OUR MISSION IS TO PREPARE STUDENTS FOR COLLEGE AND LIFE IN A COMMUNITY DEFINED BY ROBUST ACADEMICS, INSPIRATION, ENGAGEMENT, AND CARE. WE BELIEVE A DIVERSITY OF TALENTS, ABILITIES, AND CULTURES AMONG OUR STUDENT BODY OFFERS A RICH AND WELL-ROUNDED EDUCATIONAL EXPERIENCE. WE VALUE OUR SENSE OF COMMUNITY, MADE POSSIBLE BY OUR COMMITMENT TO A RELATIVELY SMALL POPULATION. 0 0 14883208 3057472 17087671 THE STEWARD SCHOOL PROVIDES FORMAL INSTRUCTION FOR GRADES JK THROUGH 12 AND MAINTAINS A REGULAR FACULTY & CURRICULUM. ENROLLMENT IS APPROXIMATELY 650. 334695 275766 THE STEWARD SCHOOL PROVIDES AUXILIARY PROGRAMS TO BENEFIT OUR SCHOOL COMMUNITY. THESE PROGRAMS INCLUDE AFTER SCHOOL CARE, ENRICHMENT SERIES, AND INSTRUCTIONAL SUPPORT. 120739 115035 THE STEWARD SCHOOL PROVIDES SUMMER PROGRAMMING FOR THE GREATER RICHMOND AREA FOR CHILDREN IN RISING GRADES JK-9 THROUGH OUR SUMMER EXPERIENCE PROGRAM. 15338642 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 1 0 1 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 1 0 0 1 48 0 1 261 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 29 27 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 VA X MS LISA DWELLE 8047403394 11600 GAYTON ROAD RICHMOND VA 23238 DANIEL CAMPBELL CHAIRMAN 4.00 X X 0 0 0 MOLLY ANDERSON VICE CHAIR 2.00 X X 0 0 0 BRIAN THARP TREASURER 2.00 X X 0 0 0 LEE KILDUFF SECRETARY 2.00 X X 0 0 0 CAROLYN BRANDT DIRECTOR 1.00 X 0 0 0 JAVONA BRAXTON DIRECTOR 1.00 X 0 0 0 TISA BROOKS DIRECTOR 1.00 X 0 0 0 DANIEL CALDWELL DIRECTOR 1.00 X 0 0 0 JEN CAMPBELL DIRECTOR 1.00 X 0 0 0 JANE DUFRANE DIRECTOR 1.00 X 0 0 0 FRANCISCO FERRER DIRECTOR 1.00 X 0 0 0 DAVID FRATKIN DIRECTOR 1.00 X 0 0 0 STEVE HENDERSON DIRECTOR 1.00 X 0 0 0 AMY HUMPHREYS DIRECTOR 1.00 X 0 0 0 JEN JENNETTE DIRECTOR 1.00 X 0 0 0 RUSTY JORDAN DIRECTOR 1.00 X 0 0 0 LISA LANDRY DIRECTOR 1.00 X 0 0 0 MICHELE MCKINNON DIRECTOR 1.00 X 0 0 0 CONCHY MARTINEZ DIRECTOR 1.00 X 0 0 0 KARLA MOSSI DIRECTOR 1.00 X 0 0 0 MARY HARVARD NOLDE DIRECTOR 1.00 X 0 0 0 KEVIN PARRIS DIRECTOR 1.00 X 0 0 0 R JAY POLING DIRECTOR 1.00 X 0 0 0 CLAY REYNOLDS DIRECTOR 1.00 X 0 0 0 EDMUND RHOADS DIRECTOR 1.00 X 0 0 0 CRAIG SURO DIRECTOR 1.00 X 0 0 0 SUSAN TWINING DIRECTOR 1.00 X 1000 0 0 MATT WILLIAMS DIRECTOR 1.00 X 0 0 0 PAUL YOON DIRECTOR 1.00 X 0 0 0 G DANIEL FRANK PRESIDENT 50.00 2.00 X 308524 0 21131 LISA S DWELLE ASSOCIATE HEAD OF SCHOOL 50.00 2.00 X 146649 0 14539 SUSAN ATKINSON DIRECTOR OF MIDDLE SCHOOL 40.00 X 124563 0 14008 580736 0 49678 3 0 1 0 RVA CONSTRUCTION INC 8001 FRANKLIN FARMS DR STE 138 RICHMOND VA 23229 CONSTRUCTION 1158882 MOBILE MODULAR PO BOX 45043 SAN FRANCISCO CA 941455043 DESIGN 279236 SPURRIER GROUP 101 S 15TH ST STE 106 RICHMOND VA 23219 MARKETING 181922 ORIGINAL BUILDING SERVICE INC 825 GROVE RD STE 11 MIDLOTHIAN VA 23114 CLEANING 160686 MARSH & MCLENNAN AGENCY LLC PO BOX 419103 BOSTON MA 02241 CONSULTING 119973 6 13850 1849884 1811487 388533 4063754 STUDENT TUITIONS 611600 16726868 16726868 STUDENT FEES 611600 562488 562488 SUMMER CAMP 611600 115035 115035 17404391 151368 151368 18164 0 18164 18164 18164 1839 -1839 -1839 -1839 48824 13850 12387 36437 36437 43835 34632 9203 9203 BILLING FEE INCOME 611710 64878 64878 64878 21746356 17478472 0 204130 3057472 3057472 329656 52667 224322 52667 8235834 6328084 1669688 238062 361057 283048 68188 9821 1921184 1505951 369086 46147 618383 484778 116785 16820 47813 47813 57425 57425 22042 22042 324032 80022 160045 83965 175324 175324 237676 118838 118838 972879 859154 113725 31837 31837 83210 66494 16716 169888 150474 19414 1882791 1662702 220089 INSTRUCTIONAL EXPENSE 324523 324523 STUDENT SUPPORT SERVICE 159938 159938 STUDENT ACTIVITIES 122783 122783 SUMMER CAMP EXPENSES 66871 66871 613440 14843 595397 3200 19816058 15338642 4026734 450682 3611704 2282615 5631 20500 104788 51707 42513 40929 316057 519178 53478064 33795856 20146477 19682208 1423835 1826614 2155383 4399714 27806388 28823465 1554094 1173979 3467653 2851569 5665183 5303199 226288 226833 546849 274289 11460067 9829869 X 16244144 18890557 102177 103039 16346321 18993596 27806388 28823465 X 1930298 485978 230999 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 13264087 118000 6307770 567377 19122480 13952907 -180724 508096 13264087 13840813 585306 473212 13952907 11521498 1743814 1159316 583815 13840813 10627098 1439506 545106 11521498 1.00000 0 1 1 181041 181041 38235894 22819394 15416500 11037024 7157591 3879433 4024105 3818871 205234 19682208 THE RICHMOND FUND 1826614 F 1826614 DUE FROM FOUNDATION 2399714 ADVANCED CAPITAL CONTRIBUTIONS 2000000 4399714 INTEREST RATE SWAP 167066 CAPITAL LEASE OBLIGATION 107223 274289 X PART IV, LINE 2B: THE SCHOOL HOLDS FUNDS ON BEHALF OF PARENT, STUDENT, AND ALUMNI GROUPS. PART V, LINE 4: THE ENDOWMENT CONSISTS OF APPROXIMATELY ELEVEN INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. PURPOSES INCLUDE SUPPORT FOR SCHOOL OPERATIONS, FINANCIAL AID, HEALTH AND WELLNESS PROGRAMS, AND COMMUNITY BUILDING PROGRAMS. THE PERCENTAGE REPORTED FOR PERMANENT ENDOWMENTS INCLUDES AMOUNTS THAT MUST BE MAINTAINED IN PERPETUITY AS WELL AS ACCUMULATED EARNINGS ON SUCH AMOUNTS THAT HAVE NOT YET BEEN APPROPRIATED FOR EXPENDITURE. PART X, LINE 2: MANAGEMENT HAS EVALUATED THE EFFECT OF GAAP GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT BELIEVES THAT THE SCHOOL AND FOUNDATION CONTINUE TO SATISFY THE REQUIREMENTS OF A TAX-EXEMPT ORGANIZATION AT JUNE 30, 2021. MANAGEMENT HAS EVALUATED ALL OTHER TAX POSITIONS THAT COULD HAVE A SIGNIFICANT EFFECT ON THE FINANCIAL STATEMENTS AND DETERMINED THE SCHOOL AND FOUNDATION HAVE NO UNCERTAIN INCOME TAX POSITIONS AT JUNE 30, 2021. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL'S RACIALLY NON-DISCRIMINATORY POLICY TOWARDS STUDENTS IS ANNUALLY PUBLISHED THROUGH A PRINTED STATEMENT OF THE SCHOOL'S ADMISSION POLICY IN THE LOCAL NEWSPAPER AND MAGAZINES. SCHEDULE E, PART I, LINE 6 IN APRIL 2020, THE SCHOOL RECEIVED A PAYCHECK PROTECTION PROGRAM LOAN ("PPP LOAN") IN THE AMOUNT OF $1,596,727. THE PPP LOAN WAS GRANTED BY THE SMALL BUSINESS ADMINISTRATION UNDER THE CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY ACT ("CARES ACT"). THE LOAN MUST BE REPAID IF THE SCHOOL DOES NOT OVERCOME CERTAIN BARRIERS WITHIN THE CARES ACT. THE BARRIERS UNDER THE PROGRAM INCLUDE THE REQUIREMENT TO MAINTAIN EMPLOYEE HEADCOUNT, SPEND UP TO 60% OF THE LOAN PROCEEDS ON CERTAIN PAYROLL AND EMPLOYEE BENEFITS, AND RESTRICTS OTHER LOAN PROCEEDS TO BE USED FOR OTHER QUALIFYING EXPENSES SUCH AS MORTGAGE INTEREST, RENT AND UTILITIES. THE SCHOOL HAS RECOGNIZED GRANT REVENUE FOR THE YEAR ENDED JUNE 30, 2021, BECAUSE THE CONDITIONS FOR FORGIVENESS HAVE BEEN MET. GALA 62674 13850 48824 2080 10307 62674 13850 48824 2080 10307 12387 36437 1 FINANCIAL AID 252 2757652 BOOK VALUE REDUCTION IN TUITION MERIT GRANTS AND SCHOLARSHIPS 53 299820 BOOK VALUE REDUCTION IN TUITION PART I, LINE 2: PARENTS ARE REQUIRED TO COMPLETE A FINANCIAL AID APPLICATION AND SUBMIT SUPPORTING TAX DOCUMENTS IN ORDER TO RECEIVE FINANCIAL AID. THE FINANCIAL AID COMMITTEE REVIEWS ALL APPLICATIONS AND SUPPORTING DOCUMENTS. THE AMOUNT OF THE FINANCIAL AID IS APPLIED DIRECTLY TO A STUDENT'S BILLING ACCOUNT. THE STEWARD SCHOOL PROVIDES TUITION REMISSION FOR FULL-TIME FACULTY AND STAFF SUBJECT TO THE FOLLOWING POLICY: - IF THEIR HIRE DATE IS PRIOR TO JUNE 1, 2002, THEN THEY ARE ELIGIBLE FOR FULL REMISSION FOR ALL CHILDREN; - IF THEIR HIRE DATE IS JUNE 1, 2002 - FEBRUARY 29, 2008, THEN THEY ARE ELIGIBLE FOR FULL REMISSION FOR FIRST CHILD, 50% REMISSION FOR SUBSEQUENT CHILDREN; - AND IF THEY WERE HIRED AFTER FEBRUARY 29, 2008, THEN THEY ARE ELIGIBLE FOR 50% REMISSION FOR ALL CHILDREN. X 1 1 X X X X X 0 0 0 0 0 0 0 1 0 G DANIEL FRANK PRESIDENT 261090 0 15000 0 32434 0 12992 0 8139 0 329655 0 0 0 LISA S DWELLE ASSOCIATE HEAD OF SCHOOL 133402 0 13000 0 247 0 6723 0 7816 0 161188 0 0 0 PART I, LINE 1A TAX INDEMNIFICATION: THE HEAD OF SCHOOL RECEIVES TUITION REMISSION AS A TAXABLE BENEFIT. THE ORGANIZATION ALSO GROSSES UP THE BENEFIT TO COVER THE TAXES. PART I, LINE 7 BONUSES WERE AWARDED BASED ON PERFORMANCE DURING A DIFFICULT YEAR DUE TO THE COVID-19 PANDEMIC. A ECONOMIC DEVELOPMENT AUTHORITY OF HENRICO COUNTY VA 541197472 2010-11-01 7255000 REFINANCE 0 0 0 A 1905792 7255000 138012 7116988 2010 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 1 0 1 1 BB&T 10.000000000000 0 0 0 0 0 A 1 9550 FINANCIAL AID FINANCIAL AID 5000 FINANCIAL AID FINANCIAL AID FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS REVIEWED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES PRIOR TO FILING THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C THE SCHOOL MAINTAINS A CONFLICT OF INTEREST POLICY WHICH IS REVIEWED AND SIGNED ON AN ANNUAL BASIS BY ALL TRUSTEES. IF A MATTER ARISES DURING THE YEAR THAT INVOLVES A POTENTIAL CONFLICT OF INTEREST FOR A TRUSTEE, THE TRUSTEE SHALL RECUSE HIMSELF/HERSELF FROM THE DISCUSSION AND VOTE. FORM 990, PART VI, SECTION B, LINE 15 THE HEADMASTER'S COMPENSATION IS DETERMINED BY A COMPENSATION COMMITTEE WHICH INCLUDES THE CHAIR, VICE CHAIR OF THE BOARD, THE FINANCE COMMITTEE CHAIR AND THE PERSONNEL COMMITTEE CHAIR. THE COMMITTEE REVIEWS COMPARATIVE DATA FROM A COMPENSATION SURVEY OR STUDY IN SETTING HIS COMPENSATION. HIS COMPENSATION IS APPROVED BY THE COMPENSATION COMMITTEE PRIOR TO BEING SET. COMPENSATION IS REVIEWED ANNUALLY FOR ALL OFFICERS AND KEY EMPLOYEES. THE PERSONNEL COMMITTEE RECOMMENDS A GENERAL ANNUAL INCREASE FOR ALL EMPLOYEES. SPECIFIC AMOUNTS ARE DETERMINED BY THE HEADMASTER BASED ON THE ANNUAL INCREASE AND THE EMPLOYEE'S PERFORMANCE. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: UNREALIZED LOSS ON INTEREST RATE SWAP 231,700. BAD DEBT EXPENSES -701. THE STEWARD SCHOOL FOUNDATION 11600 GAYTON ROAD RICHMOND VA 23238 510251819 FOUNDATION/ SUPPORTING ORGANIZATION VA 501(C)(3) LINE 12A, I STEWARD SCHOOL CORPORATION 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 THE STEWARD SCHOOL FOUNDATION C 1793976 BOOK