2022-05-16T12:43:57-05:00 2021-06-30 510232475 Cover & Rossiter PA 2711 Centerville Road Suite 100 Wilmington DE 19808 990 2020-07-01 510079506 St Andrew's School Of Delaware Inc STAN 3023789511 350 Noxontown Rd Middletown DE 197091605 J Brian Maxwell CFO 3023789511 2022-05-16 1 J Brian Maxwell 999009999 Peter Kennedy P00571422 3026566632 2022-05-16 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z J Brian Maxwell 350 Noxontown Rd Middletown DE 197091605 43405093 0 X www.standrews-de.org X 1929 DE St. Andrew's School is a coed boarding school, grades 9 through 12. 24 23 212 50 0 0 11506695 7926400 19121956 19309297 20353898 5646491 58203 -93772 51040752 32788416 6706306 7321434 0 0 14004664 13625404 0 0 1805838 9769223 8371415 30480193 29318253 20560559 3470163 338483968 398873444 45230559 43287920 293253409 355585524 X The School's mission is to provide secondary education of a definitely Christian character at a minimum cost consistent with modern equipment and highest standards. St. Andrew's School is a coed boarding school of students and faculty who live on a pristine 2,200-acre campus, learning together and collaborating to pursue their passions in academics, athletics, service, and the arts. 0 0 24013530 7321434 19398251 The School is a coed boarding school, grades 9 through 12, providing a secondary education of a Christian character in an entirely residential program. 24013530 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 52 0 1 212 1 1 1 1 CJ 0 0 0 0 0 0 0 0 0 0 X 24 23 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X J Brian Maxwell 3023789511 350 Noxontown Road Middletown DE 19709 SCOTT M SIPPRELLE CHAIR 10.00 X X 0 0 0 HENRY DU PONT RIDGELY VICE CHAIR 3.00 X X 0 0 0 RICHARD B VAUGHAN TREASURER 5.00 X X 0 0 0 ANDREA SIN SECRETARY 3.00 X X 0 0 0 MERCEDES ABRAMO PARENT TRUSTEE 2.00 X 0 0 0 ROBERTA B CONNOLLY TRUSTEE 2.00 X 0 0 0 KELLIE S DOUCETTE TRUSTEE 3.00 X 0 0 0 BISHOP KEVIN S BROWN TRUSTEE 3.00 X 0 0 0 JENNIFER B THOMAS PARENT TRUSTEE 2.00 X 0 0 0 SARAH F BELK TRUSTEE 2.00 X 0 0 0 KHALIL G SALIBA TRUSTEE 2.00 X 0 0 0 CHARLES P DURKIN TRUSTEE 3.00 X 0 0 0 ARI K ELLIS TRUSTEE 3.00 X 0 0 0 MATI BUCCINI TRUSTEE 2.00 X 0 0 0 SABINA B FORBES TRUSTEE 2.00 X 0 0 0 MONICA CARMEL MATOUK TRUSTEE 2.00 X 0 0 0 EDITH JOHNSON TRUSTEE 2.00 X 0 0 0 L HEATHER MITCHELL TRUSTEE 2.00 X 0 0 0 PAUL F MURPHY PARENT TRUSTEE 2.00 X 0 0 0 LAURISA S SCHUTT TRUSTEE 2.00 X 0 0 0 STACI W SEELEY TRUSTEE 2.00 X 0 0 0 EDWARD M STRONG TRUSTEE EMERITUS 2.00 X 0 0 0 ALEXANDER D STUART TRUSTEE 2.00 X 0 0 0 MICHAEL D WARNER TRUSTEE 2.00 X 0 0 0 KATHARINE DUPONT GAHAGAN CHAIR EMERITA 3.00 X 0 0 0 J KENT SWEEZEY CHAIR EMERITUS 2.00 X 0 0 0 MONIE T HARDWICK TRUSTEE EMERITA 2.00 X 0 0 0 MAUREEN K HARRINGTON TRUSTEE EMERITA 2.00 X 0 0 0 THOMAS H HOOPER III TRUSTEE EMERITUS 2.00 X 0 0 0 TIMOTHY W PETERS TRUSTEE EMERITUS 2.00 X 0 0 0 STEVEN B PFEIFFER TRUSTEE EMERITUS 2.00 X 0 0 0 SALLY PINGREE TRUSTEE EMERITA 2.00 X 0 0 0 CAROLINE DUPONT PRICKETT TRUSTEE EMERITA 2.00 X 0 0 0 HENRY H SILLIMAN JR TRUSTEE EMERITUS 2.00 X 0 0 0 DANIEL T ROACH JR HEAD OF SCHOOL 65.00 X X 432434 0 68045 JAMES B MAXWELL CHIEF FINANCIAL OFFICER 50.00 X 143868 0 20208 ANN S VISALLI CHIEF OPERATING OFFICER 60.00 X 210592 0 27309 ELIZABETH M ROACH DEAN OF TEACHING & LEARNING 50.00 X 130519 0 14738 BERNICE WHALEY DIRECTOR OF DEVELOPMENT 50.00 X 132351 0 24919 HEATHER DALY DEAN OF ADMISSIONS 50.00 X 134479 0 144422 JASON HONSEL DIRECTOR OF COLLEGE COUNSE 50.00 X 125272 0 76490 DAVID L MCKELVEY DIRECTOR OF FACILITIES MANAGEMENT 50.00 X 118749 0 38986 1428264 0 415117 13 0 1 0 NOWLAND ASSOCIATES 2009 OGLETOWN ROAD NEWARK DE 19711 CONSTRUCTION 4238561 SAGE DINING SERVICES 1402 YORK ROAD LUTHERVILLE MD 21093 DINING 1331041 HIGHMARK DELAWARE PO BOX 382162 PITTSBURGH PA 15251 INSURANCE BROKER 1219066 WILMINGTON TRUST NA 1100 NORTH MARKET STREET WILMINGTON DE 19801 INVESTMENT MANAGEMENT 830895 SERVICE UNLIMITED INC 19 SOUTHGATE BOULEVARD NEW CASTLE DE 19720 HEATING CONTRACTOR 495686 18 7926400 499046 7926400 TUITION 611600 19147053 19147053 AUXILIARY SERVICES 611600 162244 162244 19309297 5573960 5573960 118340 301066 -182726 -182726 -182726 10388142 10315611 72531 72531 72531 OTHER REVENUE 611600 88954 88954 88954 32788416 19398251 0 5463765 7321434 7321434 1843381 1459307 183967 200107 9245396 7319086 922680 1003630 861096 681685 85936 93475 1207170 955650 120475 131045 468361 370777 46742 50842 32143 32143 84118 84118 191615 191615 474323 279675 49011 145637 36355 36355 372330 362506 8384 1440 384186 107190 276996 764456 764456 86474 79139 7335 107308 101967 4817 524 875007 875007 166804 166804 PRRSM AND CAPITAL 1439295 1439295 DINING SERVICE 1255458 1255458 OTHER 517419 188649 310378 18392 FACILITIES AND GROUNDS 393052 384948 8104 1191072 905953 131708 153411 29318253 24013530 3498885 1805838 3124602 2364624 5008629 5101896 197858 280864 176298 167948 1119453 1211692 144840864 0 141077064 144840864 22289042 11632386 163663395 231885793 833555 994072 1387377 338483968 398873444 1719842 1383761 1851516 2078461 39311493 39166946 2347708 658752 45230559 43287920 X 233149039 281006419 60104370 74579105 293253409 355585524 338483968 398873444 X 3470163 57275625 1586327 X X 0 1 X 1 0 X 3105310 13782680 4898334 11506695 7926400 41219419 3105310 13782680 4898334 11506695 7926400 41219419 5812983 35406436 2783664 1743190 5334067 8003845 5692300 23557066 64776485 95481253 0.54660 0.54060 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 195292969 4837119 62546280 7321434 3381089 251973845 196480737 8835080 -99057 6706306 3217485 195292969 194901915 1184846 8782590 7148813 1239801 196480737 194120169 2329703 10640131 6486595 5701493 194901915 179772312 601661 21786896 6301686 1739014 194120169 0.70950 0.24470 0.04580 0 0 8028754 8028754 135463782 135463782 1348328 1348328 144840864 HEDGE FUNDS AND PRIVATE EQUITY @ NAV 231885793 F 231885793 LIABILITY UNDER CHARITABLE REMAINDER TRUST 98028 RETIREE INSURANCE OBLIGATION 520250 LIABILITY ON INTEREST RATE SWAP AGREEMENT 40474 658752 83895737 57275625 -5976689 51298936 32596801 191615 191615 32788416 29208044 0 29208044 110209 110209 29318253 Part V, Line 4: The School's endowment fund supports scholarships and operation of the education program. Part XI, Line 2d - Other Adjustments: Scholarships netted -7,321,434. Pension Plan Adjustment 1,514,315. Interest Rate Swap Adjustment 72,012. Capital Expenses 81,406. Auxiliary Expense -322,988. Part XII, Line 4b - Other Adjustments: Capital Expense -81,406. Investment Expenses 191,615. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 Schedule E, Part I, Line 3 St. Andrew's website reflects that admission is open to all qualified students regardless of background or ability to pay; ADVIS (Association Of Delaware Valley Independent Schools) public information ad carried in numerous area newspapers Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas, 0 0 Investment N/A 12650786 0 0 0 0 0 0 12650786 0 12650786 0 0 0 0 0 0 Part I, line 3: FMV of investment balance at year end Part III Accounting Method: 1 SCHOLARSHIPS 176 7321434 FMV Part I, Line 2: Scholarship assistance is provided on the basis of need and applicants are evaluated by the School's Financial Aid Committee against established criteria. X X X 1 1 X X X 0 1 0 0 0 0 0 0 0 DANIEL T ROACH JR HEAD OF SCHOOL 432434 0 0 0 0 0 48000 0 20045 0 500479 0 0 0 HEATHER DALY DEAN OF ADMISSIONS 134479 0 0 0 0 0 13907 0 130515 0 278901 0 0 0 ANN S VISALLI CHIEF OPERATING OFFICER 210592 0 0 0 0 0 20950 0 6359 0 237901 0 0 0 JASON HONSEL DIRECTOR OF COLLEGE COUNSE 125272 0 0 0 0 0 12277 0 64213 0 201762 0 0 0 JAMES B MAXWELL CHIEF FINANCIAL OFFICER 143868 0 0 0 0 0 14427 0 5781 0 164076 0 0 0 DAVID L MCKELVEY DIRECTOR OF FACILITIES MANAGEMENT 118749 0 0 0 0 0 12211 0 26775 0 157735 0 0 0 BERNICE WHALEY DIRECTOR OF DEVELOPMENT 132351 0 0 0 0 0 13502 0 11417 0 157270 0 0 0 Part I, Line 1a The School provides housing for the Head of School and Associate Head of School as a condition of employment. Both are considered to be key or highly compensated employees and as such are listed on the Form 990, Part VII. Part I, Line 4b The Head of School, Daniel T. Roach, Jr. is a participant in a nonqualified Section 457 Plan. The School made a contribution of $19,500 during the year ended 6/30/21. A Delaware Economic Development Authority 510269736 2020-04-30 24175492 Refinanced portion of Series 2010, Issue date of refunded debt 11/10/2010 0 0 0 B Delaware Economic Development Authority 510269736 2017-06-01 5000000 Refinanced portion of Series 2008, Issue date of refunded debt 12/23/2008 0 0 0 C Delaware Economic Development Authority 510269736 2017-06-01 10200000 Refinanced portion of Series 2002, Issue date of refunded debt 08/29/2002 0 0 0 A 24175492 351052 23824440 2020 1 0 1 1 B 5000000 5000000 2017 1 0 1 1 C 64000 10200000 200000 10000000 2017 1 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 A 0 1 0 0 0 0 NA 0 0 0 0 1 B 0 1 0 0 1 1 Bank of America 15.000000000000 0 0 0 0 1 C 0 1 0 0 1 0 NA 0 0 0 0 1 A 1 B 1 C 1 Schedule K Supplental Information Issues are private placements and do not have cusip numbers. X 60 499046 Fair market value 0 1 0 Form 990, Part VI, Section A, line 2 Some Trustees have a common family relationship. Form 990, Part VI, Section B, line 11b Form 990 is reviewed by the CFO, the COO, the Chair of Finance Committee and the President of the Board. It is then made available to all Board Members prior to filing. Form 990, Part VI, Section B, line 12c Trustees are required to annually sign conflict of interest statements and disclose any known or potential conflicts of interest in these statements. Form 990, Part VI, Section B, line 15 St. Andrew's School's Trustees are all independent of the School's paid employees. Annually, the Trustees will make compensation decisions for its employees with no input from the employees themselves. Employees are not present when votes on compensation decisions are held and those votes are formally documented in the meeting minutes within one week of the meeting. The Trustees' decisions are based on their extensive knowledge and experience with compensation practices of other comparable organizations. Form 990, Part VI, Section C, line 19 There currently exists no legal requirement to make governing documents, conflict of interest policies or audited financial statements publicly available. St. Andrew's School of DE, Inc. has never received a request for information of this type. If any requests for this information should be received, they would be evaluated by the Trustees on a case by case basis. In general, the Trustees believe that the information available on this form would be more than sufficient to respond to most legitimate inquiries. Form 990, Part XI, line 9: INTEREST RATE SWAP ADJUSTMENT 72,012. PENSION PLAN OBLIGATION ADJUSTMENT 1,514,315. Form 990, Part XI, Line 2c: The School has an Audit & Finance Committee that assumes responsibility for oversight of the financial statement audit and the selection of the independent auditors. ST ANNE'S EPISCOPAL SCHOOL INC 211 SILVER LAKE ROAD MIDDLETOWN DE 19709 510404800 EDUCATIONAL INSTITUTION DE 501(c)(3) 509(a)(1) 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 ST ANNE'S EPISCOPAL SCHOOL INC J CONTRACT AGREEMENT ST ANNE'S EPISCOPAL SCHOOL INC R 238846 FMV ST ANNE'S EPISCOPAL SCHOOL INC B 30000 FMV