2022-07-14T15:39:40-05:00 2021-08-31 141442607 BST & CO CPAS LLP 26 COMPUTER DRIVE WEST ALBANY NY 12205 990 2020-09-01 980013401 ST STEPHEN'S SCHOOL STST 2125057409 244 FIFTH AVENUE NO 2296 NEW YORK NY 10001 ELIZABETH MORRIS CHAIR 2125057409 2022-07-12 1 ELIZABETH MORRIS 999009999 MARK GORCZYCA P01781464 5184596700 2022-07-12 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z X ELIZABETH MORRIS 244 FIFTH AVENUE NO 2296 NEW YORK NY 10001 21843630 0 X WWW.SSSROME.IT X 1962 CT EDUCATIONAL (HIGH SCHOOL) 28 26 20 26 0 0 262439 357023 10696675 10631180 225161 1333640 313610 185115 11497885 12506958 712507 723424 0 0 6597194 6599638 0 0 218581 4074865 4091527 11384566 11414589 113319 1092369 20663959 22745119 11267878 11943295 9396081 10801824 REVENUES PROVIDE FOR THE PRIMARY OBJECTIVES OF THE SCHOOL: ACADEMIC EXCELLENCE, THE FOSTERING OF SENSE OF FELLOWSHIP AMONG STUDENTS AND FACULTY, AND THE PROMOTION OF STUDENTS AS INDEPENDENT, RESPONSIBLE AND RESPONSIVE CONTRIBUTING MEMBERS OF THE LARGER WORLD COMMUNITY. 0 0 7454628 723424 10816295 A CO-ED HIGH SCHOOL (THE SCHOOL) THAT OPERATES IN ROME, ITALY. THE SCHOOL IS OPEN TO AMERICANS AND STUDENTS FROM OTHER COUNTRIES, AND IS COMPRISED OF A MULTI-RACIAL STUDENT BODY. CURRENTLY, THE SCHOOL HAS 295 STUDENTS ENROLLED, WITH 48 NATIONALITIES REPRESENTED. 7454628 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 20 1 0 1 IT 0 0 0 0 0 0 0 0 0 0 X 28 26 0 0 1 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 NY X X X MARIO BERRUTI 2125057409 VIA AVENTINA 3 ROME IT 06901 ELIZABETH MORRIS CHAIR 1.00 X X 0 0 0 DANIELA SALVIONI 1ST VICE CHAIR 1.00 X X 0 0 0 DAVID SADOFF 2ND VICE CHAR 1.00 X X 0 0 0 ERIC MAYER HEAD OF SCHOOL 38.00 X X 305766 0 0 RICHARD ROUTHIER TREASURER 1.00 X X 0 0 0 CHRISTIAN BASTIAN SECRETARY 1.00 X X 0 0 0 ROHIT AGGARWALA TRUSTEE 1.00 X 0 0 0 STEPHEN ALTSCHUL TRUSTEE 1.00 X 0 0 0 SANDRA CRAIG TRUSTEE 1.00 X 0 0 0 KATE FISCHER TRUSTEE 1.00 X 0 0 0 MASSIMO ELSER TRUSTEE 1.00 X 0 0 0 REGINA GAMBINO TRUSTEE 1.00 X 0 0 0 WILLIAM GRUY TRUSTEE 1.00 X 0 0 0 HELEN HANNICK TRUSTEE 1.00 X 0 0 0 DINA KAPLAN TRUSTEE 1.00 X 0 0 0 GEORGE KLOPFER TRUSTEE 1.00 X 0 0 0 MATTIAS LJUNGMAN TRUSTEE 1.00 X 0 0 0 SAMANTHA LOTTI TRUSTEE 1.00 X 0 0 0 SVEN MOOS TRUSTEE 1.00 X 0 0 0 DEBORAH PACKER MUMM TRUSTEE 1.00 X 0 0 0 NATASHA PALLADINO TRUSTEE 1.00 X 0 0 0 DUNCAN POLLOCK TRUSTEE 1.00 X 0 0 0 CHRISTIAN PORATH TRUSTEE 1.00 X 0 0 0 VALENTINA PUCA TRUSTEE 1.00 X 0 0 0 HARRY SCIO MILLS TRUSTEE 1.00 X 0 0 0 JEFFREY SCHON TRUSTEE 1.00 X 0 0 0 HARVEY STONE TRUSTEE 1.00 X 0 0 0 PAUL TREHERNE TRUSTEE 38.00 X 66015 0 0 GRAZIA BORLANDELLI BUSINESS MANAGER 38.00 X 123774 0 0 DEBORAH DOSTERT ASSISTANT HEAD 38.00 X 103190 0 0 598745 0 0 3 0 1 0 VIVENDA SPA VIA FRANCESCO ANTOLISEI 25 ROMA IT 00173 CATERING & FOOD SERVICE 294296 ROMA SRL IX STRADA N2 ZONA INDUSTRIALE CATANIA IT 95121 BUILDING IMPROVEMENTS 182315 SAVINIPOWERTECH FRANCESCO SAVINI VIA DELLE DUE TORRI 108 ROMA IT 00133 A/C AND PLUMBING 156527 3 49505 307518 357023 TUITION AND FEES 611600 10631180 10631180 10631180 325802 325802 10344510 9336672 1007838 1007838 1007838 OTHER INCOME 611710 185115 185115 185115 12506958 10816295 0 1333640 723424 723424 369933 147973 221960 6229705 4052524 2177181 143250 14325 114600 14325 28781 2878 23025 2878 92631 92631 96847 9686 77475 9686 954242 620256 286273 47713 468814 375051 70322 23441 GENERAL ADMINISTRATION 966323 556258 317355 92710 STUDENT SERVICES 608150 608150 EXTERNAL AFFAIRS 381642 357186 24456 CURRICULUM 245400 245400 105447 98703 3372 3372 11414589 7454628 3741380 218581 5384982 5440738 193865 278729 981 286262 336576 305989 10993061 8818643 2337654 2174418 12409901 14258983 20663959 22745119 225589 235570 6507397 6677264 4534892 5030461 11267878 11943295 X 0 0 0 0 9396081 10801824 9396081 10801824 20663959 22745119 X 1092369 299347 208971 -194944 X 0 1 X 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1398656 188819 1209837 8542768 7663856 878912 570874 531295 39579 480763 434673 46090 2174418 OTHER LIABILITIES 2518902 LONG TERM DEBT - TFR 2511559 5030461 X 12082495 299347 -723424 -424077 12506572 385 385 12506957 10885723 194944 -385 194559 10691164 723424 723424 11414588 PART X, LINE 2: ST. STEPHEN'S FILES A FORM 990 ANNUALLY WITH THE INTERNAL REVENUE SERVICE. WHEN ANNUAL RETURNS ARE FILED, SOME TAX POSITIONS TAKEN ARE HIGHLY CERTAIN TO BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES, WHILE OTHER TAX POSITIONS ARE SUBJECT TO UNCERTAINTY ABOUT THE TECHNICAL MERITS OF THE POSITION OR AMOUNT OF THE POSITION'S TAX BENEFIT THAT WOULD ULTIMATELY BE SUSTAINED. MANAGEMENT EVALUATED ST. STEPHEN'S TAX POSITIONS, INCLUDING THAT ST. STEPHEN'S IS EXEMPT FROM TAXES AND NOT SUBJECT TO INCOME TAXES ON UNRELATED BUSINESS INCOME, AND CONCLUDED THAT ST. STEPHEN'S HAD TAKEN NO TAX POSITIONS THAT REQUIRED ADJUSTMENT IN ITS FINANCIAL STATEMENTS AS OF AUGUST 31, 2021 AND 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID AND DISCOUNTS -723,424. PART XI, LINE 4B - OTHER ADJUSTMENTS: TAXES 385. PART XII, LINE 2D - OTHER ADJUSTMENTS: TAXES -385. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AND DISCOUNTS 723,424. 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 DOES NOT USE RADIO, TELEVISION, OR NEWSPAPER ADVERTISEMENTS TO SOLICIT FOR PROSPECTIVE STUDENT APPLICANTS. THE RACIALLY NONDISCRIMINATORY POLICY IS DISPLAYED IN THE SCHOOL'S APPLICATION, APPEARS ON THE SCHOOL'S WEBSITE, AND IS PUBLISHED IN THE STUDENT HANDBOOK. SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVES ASSISTANCE FROM THE GOVERNMENT FOR SUPPORTING FINANCIAL AID. 0 ROME, ITALY 1 98 PROGRAM SERVICES EDUCATION 11414589 1 98 0 0 1 98 11414589 0 11414589 FINANCIAL AID ASSISTANCE ROME, ITALY 67 723424 REDUCTION OF EDUCATION COSTS FMV 0 0 0 0 0 0 PART III ACCOUNTING METHOD: X X 0 0 0 0 0 0 0 0 0 ERIC MAYER HEAD OF SCHOOL 305766 0 0 0 0 0 0 0 0 0 305766 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 IN 2021 THE BOARD APPROVED CHANGES TO THE INVESTMENT POLICY. OTHER POLICIES WERE APPROVED IN 2020 INCLUDING THE EXTERNAL AUDIT POLICY, THE FINANCIAL AID POLICY AND THE HEAD EVALUATION POLICY. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE COMMITTEES WHO HAVE THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS EXAMINED BY THE ORGANIZATION'S BUSINESS MANAGER AND UPON APPROVAL, IT IS SUBMITTED TO THE CHAIRMAN OF THE BOARD OF TRUSTEES FOR SIGNING. FORM 990, PART VI, SECTION B, LINE 12C WHEN AN ACTUAL, PERCEIVED, OR POTENTIAL CONFLICT IS IDENTIFIED BY ANY PERSON, SUCH PERSON OR BOARD MEMBER MUST FULLY DISCLOSE THE CONFLICT TO THE BOARD CHAIR AND, WHERE APPROPRITATE, TO ALL BOARD OR COMMITTEE/TASKFORCE MEMBERS. THE CHAIR DEVELOPS AN APPROPRIATE RESPONSE, INCLUDING, WHERE NECESSARY, DISQUALIFICATION FROM VOTING AND DISCUSSION, AND ANY REMEDIAL ACTION. THE BOARD, COMMITTEE, OR TASKFORCE MUST AGREE IN MAJORITY ON THE OPTION OR COMBINATION OF OPTIONS TO BE TAKEN IN ANY GIVEN CONFLICT OF INTEREST SITUATION. FORM 990, PART VI, SECTION B, LINE 15 THE CHAIR OF THE BOARD AND THE HEAD OF THE SEARCH COMMITTEE/TRUSTEE NEGOTIATED THE HEAD OF SCHOOL'S WRITTEN EMPLOYMENT CONTRACT. THE BOARD OF TRUSTEES APPROVED THE HEAD OF SCHOOL'S HIRING AFTER THE EMPLOYMENT CONTRACT WAS NEGOTIATED AND FINALIZED. EACH YEAR, THE BOARD REVIEWS THE HEAD OF SCHOOL'S PERFORMANCE EVALUATION AND APPROVES ANY DISCRETIONARY BONUS OFFERED. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL'S POLICY MANUAL IS AVAILABLE VIA DIGITAL OR HARD COPY UPON REQUEST. FORM 990, PART XI, LINE 9: CURRENCY EXCHANGE RATE -194,944.