2020-07-08T11:14:17-07:00 2019-06-30 990 2018-07-01 560532314 SAINT MARYS SCHOOL SAIN 9194244128 900 Hillsborough Street Raleigh NC 27603 Brendan OShea Head of School 9194244123 2020-07-07 70.60.105.34 2018 2020-09-23 17:36:50Z Brendan O'Shea 900 Hillsborough St Raleigh NC 27603 25574970 0 X www.sms.edu X 1897 NC Saint Mary's School in Raleigh, North Carolina, is an independent, college-preparatory girls boarding and day school dedicated to academic excellence and personal achievement for grades 9 - 12. 26 26 210 400 108000 -1919 3543315 8165921 12024739 12328839 2938572 -226657 1750 0 18508376 20268103 2644430 2730120 0 0 7666700 7728903 32610 34075 1333258 6262599 6502050 16606339 16995148 1902037 3272955 53571894 61841366 11508461 14859725 42063433 46981641 Saint Mary's School in Raleigh, North Carolina, is an independent, college-preparatory girls boarding and day school dedicated to academic excellence and personal achievement for grades 9 - 12. 0 0 11043105 2730120 12328839 Educational activities and support and aid for over 270 students, including a boarding program for students and faculty who so choose, as well as other auxiliary services to further academic achievement. 0 0 0 11043105 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 1 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 92 0 210 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 26 26 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X Saint Mary's School Sarah H Woods 9194244123 900 Hillsborough Street Raleigh NC 27603 Gloria Taft Becker Chair 4.5 0 X 0 0 0 Jane Williamson Marley Vice Chair 2.87 0 X 0 0 0 Stephen Later Treasurer 1.13 0 X 0 0 0 Carter Warren Franke Secretary 1.13 0 X 0 0 0 Brooks Bell Trustee 0.75 0 X 0 0 0 Anna Neal Blanchard Trustee 0.75 0 X 0 0 0 Martin M Boney Trustee 1.13 0 X 0 0 0 Martin Borden Trustee 1.13 0 X 0 0 0 Peter M Bristow Trustee 0.75 0 X 0 0 0 Caren Threshie Camp Trustee 0.75 0 X 0 0 0 Eric W Evans Trustee 1.13 0 X 0 0 0 Lucy Fountain Trustee 0.75 0 X 0 0 0 Palmer Peebles Garson Trustee 0.75 0 X 0 0 0 R Gordon Grubb Trustee 1.13 0 X 0 0 0 Mary Dana Hinton Trustee 0.75 0 X 0 0 0 Lynn Cowell Ives Trustee 1.13 0 X 0 0 0 Burns Jones Trustee 0.75 0 X 0 0 0 Steven Lilly Trustee 0.75 0 X 0 0 0 Scott Mahoney Trustee 0.75 0 X 0 0 0 Janie Molster Trustee 0.75 0 X 0 0 0 William C Monk Jr Trustee 0.75 0 X 0 0 0 Elizabeth M Roberts Trustee 0.75 0 X 0 0 0 Sallie Shuping Russell Trustee 0.75 0 X 0 0 0 Ward Russell Trustee 0.75 0 X 0 0 0 Maura Moylan Sullivan Trustee 0.75 0 X 0 0 0 Nancy Kerr Thomason Trustee 1.13 0 X 0 0 0 Brendan O'Shea Head of School 40 0 X 328645 0 90914 Sarah H Woods Chief Financial Officer 40 0 X 153295 0 71379 Leslie Owen Dean of Faculty 40 0 X 111038 0 30345 Robert Weltz Athletic Director 40 0 X 112722 0 38530 Julie Ricciardi Director of Development 40 0 X 148781 0 13433 Kimberly Slade Director of Admissions 40 0 X 120749 0 12726 975230 0 257327 6 0 1 0 Brock and Company Inc 257 Great Valley Parkway Malvern PA 19355 Food Service 1073722 Williams Realty & Building Company PO Box 18271 Raleigh NC 27619 Construction & Building Contractor 1655062 Clean 6601 Six Forks Rd Suite 400 Raleigh NC 27615 Branding, Marketing, and Advertising 245447 Lenovo Financial Services 25578 Network Place Chicago IL 60673 Lease PC tablets 191713 Assured Partners of NC 4505 Falls of Neuse Rd Suite 350 Raleigh NC 27609 Insurance brokerage services 154903 7 0 0 0 0 0 8165921 594818 8165921 Tuition, Fees, and Boarding 900099 11759727 11759727 0 0 Student Store 900099 63836 63836 0 0 Summer Programs 900099 192613 84613 108000 0 312663 312663 0 0 12328839 555749 0 0 555749 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4524461 0 5306867 0 -782406 0 -782406 0 0 -782406 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 20268103 12220839 108000 -226657 0 0 2730120 2730120 0 0 0 0 644232 0 644232 0 0 0 0 0 5781764 3454737 1617600 709427 244634 186350 39649 18635 611106 406498 148324 56284 447167 256313 138416 52438 0 0 0 0 20349 8140 12209 0 79699 31880 47819 0 0 0 0 0 34075 34075 110907 0 110907 0 692484 346611 197328 148545 271836 42673 221445 7718 501160 239572 169074 92514 453599 400075 40267 13257 0 0 0 0 615799 554230 61569 0 132436 105376 10419 16641 0 0 0 0 44260 28042 9433 6785 420958 0 420958 0 0 0 0 0 1087009 978308 108701 0 0 0 0 0 Food Svcs & Meals 1137494 1007338 18329 111827 Repairs & Replacements 418067 3071 414996 0 Program Expenses 345793 258148 27170 60475 Bldg & Grounds Maintenance 59771 301 59470 0 110429 5322 100470 4637 16995148 11043105 4618785 1333258 1420 1420 3466026 6480011 483724 3345305 60244 44519 0 0 0 0 0 0 247508 188983 73851 365482 41864830 16401888 24736369 25462942 23433417 25221610 890471 704829 0 0 0 0 178864 26265 53571894 61841366 1679405 617563 0 0 230332 468197 0 0 0 0 0 0 7853685 9526951 0 0 1745039 4247014 11508461 14859725 X 17041216 15994999 469915 5690183 24552302 25296459 42063433 46981641 53571894 61841366 X 3272955 1466204 0 0 0 179049 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 23977472 1253795 1055726 527151 352476 110907 25296459 22478762 2591697 -116743 478625 387710 109909 23977472 21303825 2093840 -101877 365426 328033 123567 22478762 19655407 2181852 -9780 227387 179238 117029 21303825 20299302 174972 13063 399221 321429 111280 19655407 0 1 0 0 0 0 217476 217476 0 35087919 13229000 21858919 0 0 0 0 0 2076338 1331196 745142 0 4483097 1841692 2641405 25462942 0 Residential Fees & Deposits 9000 Student Service Deposits 60750 Student Store - MKS 15785 Student Prepaid Tuition 4161479 4247014 18893280 1466204 0 0 -2730120 -1263916 20157196 110907 0 110907 20268103 14027685 0 0 0 -2730120 -2730120 16757805 110907 126436 237343 16995148 Schedule D, Part V, Line 4 Endowment funds may be restricted to a purpose designated by the donor(s) that is consistent with the School's mission, goals, and programs subject to the approval by the Board of Trustees. When the donor(s) does not restrict the use of a named fund, the Head of School and the Board Chair have discretion in allocating these funds. Uses of funds include: financial aid, building maintenance, faculty development, and student support services. Schedule D, Part XI, Line 2d Scholarships and Financial Aid decreased revenue by $2,730,120 Schedule D, Part XII, Line 2d Scholarships and Financial Aid increase expenses by $2,730,120 Schedule D, Part XII, Line 4b Officer housing benefit and utility benefit of $126,436 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 Schedule E, Part I, Line 3 Saint Mary's School does not discriminate on the basis of race, color, national or ethnic origin, religion, mental or physical disability, or any other status protected by applicable law in the administration of its educational, admission, financial aid, athletic, and other policies and programs. Saint Mary's does not discriminate against qualified students of any race, color, national or ethnic origin, religion, or mental or physical disability in providing the rights, privileges, programs, and activities generally accorded or made available to students at the school. This statement is included in advertising in local regional magazines, on admission materials, in the school's biannual magazine, and on the school's website. X 1 Ruffalo Noel Levitz LLC PO Box 3018 Cedar Rapids IA 52406 Phone solicitations for Annual Fund 0 32531 34075 -1544 32531 34075 -1544 AK AL AR AZ CA CO CT DE FL GA GU HI IA ID IL IN KS KY LA MA MD ME MI MN MO MS MT NC ND NE NH NJ NM NV NY OH OK OR PA RI SC SD TN TX UT VA VT WA WI WV WY 1 Scholarship - Need Based 78 2293895 0 Scholarship - Merit based 29 312250 0 Tuition Remission 6 123975 0 Schedule I, Part I, Line 2 The School offers both need based and merit based financial assistance. Need based financial assistance is given in the form of grants to students with demonstrated need who would not otherwise be able to attend the school. All need based awards are reviewed annually. Applicants and returning families who are interested in need based financial aid must apply each year with current financial information by the published deadlines. Unless there is significant change in a family's financial situation, returning students who meet the financial aid application deadlines can expect the level of aid to be consistent from year to year. If a boarding student becomes a day student or vice versa, the financial aid will adjust accordingly. The School also offers new students the opportunity to apply for two merit based scholarships each year - one for a boarding student and one for a Raleigh student. These scholarships are solely dependent on an applicant's merit and do not consider a family's financial need. Students who apply for either merit scholarship are also eligible to apply for need based assistance. Applicants must adhere to the deadlines and listed requirements in order to be considered for these scholarships. X X 1 1 X X X 0 0 0 0 0 0 0 0 0 Brendan O'Shea Head of School 328284 0 0 0 361 0 13750 0 77164 0 419559 0 0 0 Sarah H Woods Chief Financial Officer 152740 0 0 0 555 0 7831 0 63548 0 224674 0 0 0 Julie Ricciardi Director of Development 148655 0 0 0 126 0 6922 0 6511 0 162214 0 0 0 Robert Weltz Athletic Director 112613 0 0 0 109 0 5661 0 32869 0 151252 0 0 0 Schedule J, Part I, Line 1a The Head of School is provided on campus housing as well as cleaning services of the house. This residence is used for many school functions in addition to serving as his personal residence. The Chief Financial Officer, Dean of Faculty, and Athletic Director are also provided with on campus housing. Peter Bristow Member, Board of Trustees 338136 Interest and fees on loan 0 Schedule L, Part IV Peter Bristow, a member of the School's Board of Trustees, is the President of First Citizens Bank. The School had a $9.56 million loan outstanding with First Citizens Bank as of 6/30/2019. Therefore, interest and fees incurred on that loan have been reported here. X 1 6500 Retail X 29 560068 FMV X Food Truck event 1 28250 Retail value 0 0 1 0 Form 990, Part VI, Section B, Line 11b The completed Form 990 was provided to the Board of Trustees for their review and approval. Form 990, Part VI, Section B, Line 12c Members of the Board of Trustees annually sign a Conflict of Interest Policy document and discuss conflicts of interest throughout the year as circumstances change. Form 990, Part VI, Section B, Line 15 The process for determining compensation involves compilation of benchmark data and review of the impact on the financial budget with results in recommendations presented to the Board of Trustees for their approval. Form 990, Part VI, Section C, Line 19 The School provides its governing documents, conflict of interest policy, and financial statements to the public upon request. The list of the Board of Trustees is available to the public on the School's website. Form 990, Part XI, Line 9 Unrealized gain on cash flow hedge of $52,613 and Officer Housing Benefits of $126,436