2020-03-02T10:08:09-06:00 2019-06-30 540504608 BROWN EDWARDS & COMPANY LLP 1909 FINANCIAL DRIVE HARRISONBURG VA 22801 990 2018-07-01 540880465 ST ANNE'S-BELFIELD INC STAN 4342965106 2132 IVY ROAD CHARLOTTESVILLE VA 22903 DIANE SCHMIDT ASSOCIATE HEAD OF SCHOOL/CFO 4342965106 2020-02-21 1 JAMES R FRIES P01320612 5404346736 2020-02-21 206.248.228.130 2020-02-21 14:27:49 ES P 1626BA036CF3DDA5592C13B1B33E888B46C24478 3DB484F9C473A6BAA32904BF4DC7F01793E10E78 2018 2020-09-23 17:36:50Z DIANE SCHMIDT 2132 IVY ROAD CHARLOTTESVILLE VA 22903 32899143 0 X WWW.STAB.ORG X 1910 VA OUR MISSION AS AN INDEPENDENT SCHOOL IS TO FEED EACH CHILD'S INNATECURIOSITY THROUGH EXCEPTIONAL INNOVATIVE TEACHING AND LEARNING IN ANINTENTIONAL PRESCHOOL THROUGH GRADE 12 COMMUNITY IN WHICH CLOSERELATIONSHIPS PROVIDE A FOUNDATION FOR ACHIEVEMENT AND WHERE EVERYCHILD IS WELL KNOWN. 15 15 346 100 -88387 0 5159496 1535873 25475992 25238307 2857914 4857424 198099 205753 33691501 31837357 6787976 6952943 0 0 14842250 15301296 0 0 1472847 10302607 10067103 31932833 32321342 1758668 -483985 120816979 115941436 48524276 47934538 72292703 68006898 X AS AN INDEPENDENT SCHOOL PROVIDING SECONDARY EDUCATION TO A DIVERSESTUDENT BODY, ST. ANNE'S-BELFIELD FOSTERS AN EDUCATION COMMUNITY THATNURTURES THE DEVELOPMENT OF ADVANCED SKILLS, ABILITIES AND KNOWLEDGE,SUPPORTS HIGH PERSONAL ASPIRATION, AND DEVELOPS EXEMPLARY ETHICAL ANDENGAGED CITIZENS WHO POSITIVELY IMPACT THE WORLD. 0 0 22149665 25366099 ST. ANNE'S-BELFIELD SCHOOL IS AN INDEPENDENT SCHOOL PROVIDING EDUCATIONAL SERVICE TO APPROXIMATELY 893 STUDENTS FROM TWO YEAR OLDS THROUGH TWELFTH GRADE. 6952943 6952943 FINANCIAL ASSISTANCE (TUITION REDUCTIONS) - FINANCIAL ASSISTANCE WAS PROVIDED TO STUDENTS. APPROXIMATELY 359 STUDENTS RECEIVED TUITION REDUCTIONS DURING THE YEAR. 29102608 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 79 0 1 346 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X THE ORGANIZATION 4342965106 2132 IVY ROAD CHARLOTTESVILLE VA 22903 FRANK EDMONDS CHAIR 4.00 X X 0 0 0 KAREN MORAN VICE CHAIR 4.00 X X 0 0 0 ADRIAN KEEVIL SECRETARY 4.00 X X 0 0 0 THAD JONES TREASURER 4.00 X X 0 0 0 KARI COULING TRUSTEE 4.00 X 0 0 0 CHANGDONG HE TRUSTEE 4.00 X 0 0 0 MICHAEL WOODFOLK TRUSTEE 4.00 X 0 0 0 LUIS ALVAREZ TRUSTEE 4.00 X 0 0 0 SHAMAN DOUGLASS TRUSTEE 4.00 X 0 0 0 ANTHONY IGNACZAK TRUSTEE 4.00 X 0 0 0 MICHAEL PAUSIC TRUSTEE 4.00 X 0 0 0 CHARLES COCKE TRUSTEE 4.00 X 0 0 0 MICHAEL GEISMAR TRUSTEE 4.00 X 0 0 0 ANGELA OAKEY TRUSTEE 4.00 X 0 0 0 JANINE DOZIER TRUSTEE 4.00 X 0 0 0 DAVID LOURIE HEAD OF SCHOOL 40.00 X 706642 0 39938 DIANE SCHMIDT ASSOC HEAD OF SCHOOL 40.00 X 154771 0 7984 WARREN BUFORD ASST HEAD OF SCHOOL-ADVANCEMENT 40.00 X 143902 0 23002 SHANNON MONTAGUE HEAD OF LEARNING VILLAGE 40.00 X 124722 0 14616 BETHANY MILLER ASST HEAD OF SCHOOL-ACADEMICS 40.00 X 123408 0 21538 PETER QUAGLIAROLI HEAD OF UPPER SCHOOL 40.00 X 112549 0 20424 ROCKY ROBINSON ATHLETIC DIRECTOR 40.00 X 107235 0 8032 1473229 0 135534 7 0 1 0 SPIDER MANAGEMENT COMPANY 6802 PARAGON PLACE SUITE 205 RICHMOND VA 23230 INVESTMENT MANAGEMENT 498926 1 224403 1311470 457423 1535873 TUITION 611710 22187530 22187530 BOARDING REVENUE 611710 2418200 2418200 AFTER SCHOOL CARE 611710 184880 184880 SERVICE AND APPLICATION FEES 611710 103125 103125 SUMMER PROGRAMS 611710 101728 101728 242844 242844 25238307 993997 993997 164515 11276 12035 2303 152480 8973 161453 5600 8973 146880 3947164 0 83737 3947164 -83737 3863427 -83737 3947164 62500 224403 126769 -64269 -64269 826588 836942 -10354 3269 -13623 OTHER RELATED REVENUE 611710 118923 118923 118923 31837357 25366099 -88387 5023772 6952943 6952943 654140 65414 327070 261656 11518578 10739401 319194 459983 547558 483756 39246 24556 1698927 1500882 121822 76223 882093 779245 63264 39584 429990 429990 863927 646118 150775 67034 206773 195854 9100 1819 762851 741006 15477 6368 183932 69815 10612 103505 1814653 1801188 9902 3563 2801110 2735174 40504 25432 218078 207611 5463 5004 SUPPLIES AND MATERIALS 451158 416501 9444 25213 REPAIRS AND MAINTENANCE 390866 385985 2998 1883 EQUIPMENT AND FURNISHIN 335277 321420 10432 3425 SPECIAL ACTIVITIES 319200 319200 1289288 741095 180594 367599 32321342 29102608 1745887 1472847 4399166 1808029 4358641 2617651 482714 105715 28853 18008 52010 56048 132610 189990 83838092 26309284 59964761 57528808 72138 51280494 53505915 45592 111272 120816979 115941436 1803820 1682965 3153864 2531908 38199197 36887744 2953296 2833835 2414099 3998086 48524276 47934538 X 56570423 53098348 8357036 7672163 7365244 7236387 72292703 68006898 120816979 115941436 X -483985 -2183626 -1618194 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 50381142 318183 2483034 145130 3140626 402710 49493893 47004636 3135553 4417807 136833 3447323 592698 50381142 40702278 4067159 5384804 120248 2557663 471694 47004636 41339024 4518936 -1529178 84043 3125407 417054 40702278 35564375 7165278 2358190 98387 3257207 393225 41339024 0.83200 0.14100 0.02700 0 0 1974203 1974203 70278715 17856588 52422127 4755943 3413849 1342094 6829231 5038847 1790384 57528808 INVESTMENTS- PARTNERSHIPS 53505915 F 53505915 INTEREST RATE SWAP LIABILITY 3628514 ANNUITY LIABILITY 232539 FUNDS HELD FOR SCHOOL-RELATED ORGS 137033 3998086 X 21596540 -2183626 -674258 -2857884 24454424 429990 6952943 7382933 31837357 25882345 943936 943936 24938409 429990 6952943 7382933 32321342 PART V, LINE 4: THE SCHOOL'S ENDOWMENT CONSISTS OF APPROXIMATELY 30 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. THE ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS ESTABLISHED FOR SCHOLARSHIPS AND OPERATIONAL USES AS WELL AS FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. PART X, LINE 2: THE SCHOOL HAS REVIEWED AND EVALUATED THE RELEVANT TECHNICAL MERITS OF EACH OF ITS TAX POSITIONS IN ACCORDANCE WITH GUIDANCE ESTABLISHED BY THE FINANCIAL ACCOUNTING STANDARDS BOARD AND DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT WOULD HAVE A MATERIAL IMPACT ON THE FINANCIAL STATEMENTS OF THE SCHOOL. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SWAP AND SPLIT INTEREST AGREEMENT -1,618,191. COST OF GOODS NETTED AGAINST REVENUE 836,942. RENTAL EXPENSES NETTED AGAINST REVENUE 14,338. EVENT AND OTHER EXPENSES NETTED AGAINST REVENUE 92,654. ROUNDING -1. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID - TUITION REDUCTIONS 6,761,108. BOARDING AID 191,835. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS NETTED AGAINST REVENUE 836,942. RENTAL EXPENSES NETTED AGAINST REVENUE 14,338. EVENT EXPENSES NETTED AGAINST REVENUE 92,654. ROUNDING 2. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID - TUITION REDUCTIONS 6,761,108. BOARDING AID 191,835. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 A STATEMENT OF THE NONDISCRIMANATORY POLICY OF ST. ANNE'S BELFIELD, INC. IS PRINTED ON ALL CATALOGUES, APPLICATIONS, NOTIFICATIONS AND OTHER SIGNIFICANT PUBLICATIONS OF THE SCHOOL. IN ORDER TO ASSIST IN RECRUITING A STUDENT BODY WHICH REFLECTS A BROAD SOCIAL AND ECONOMIC BACKGROUND, ALL SUCH MATERIALS CONTAIN A CLEAR STATEMENT OF THE SCHOOL'S NONDISCRIMINATORY POLICIES AS APPLIED TO ALL ASPECTS OF SCHOOL LIFE. A SPECIAL EMPHASIS IS MADE OF THESE POLICIES IN THE AREAS OF ADMISSIONS AND FINANCIAL AID. AUCTION 286903 224403 62500 48720 78049 286903 224403 62500 48720 78049 126769 -64269 1 TUITION REDUCTIONS-FINANCIAL AID 359 6952943 BOOK VALUE THE SCHOOL PROVIDED NON-CASH FINANCIAL AID TO STUDENTS IN THE FORM OF REDUCED TUITION. X X X 0 1 0 0 0 0 0 0 0 DAVID LOURIE HEAD OF SCHOOL 356209 0 0 0 350433 0 19250 0 20688 0 746580 0 292109 0 DIANE SCHMIDT ASSOC HEAD OF SCHOOL 154771 0 0 0 0 0 7704 0 280 0 162755 0 0 0 WARREN BUFORD ASST HEAD OF SCHOOL-ADVANCEMENT 143902 0 0 0 0 0 8171 0 14831 0 166904 0 0 0 A ECONOMIC DEVELOPMENT AUTHORITY OF ALBEMARLE COUNTY VIRGINIA 521297503 2010-12-01 30000000 SEE PART VI 0 0 0 B ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF CHARLOTTESVILLE VIRGINIA 541187150 2013-08-01 15000000 SEE PART VI 0 0 0 A 915000 30000000 30000000 2010 1 0 0 1 B 417357 15000000 240468 14759532 2016 0 0 0 1 A 0 1 1 1 0 0.00010 0.00010 0 0 1 B 0 1 1 1 0 0.00010 0.00010 0 0 1 A 0 0 1 0 1 0 0 0 1 B 0 0 0 1 1 0 0 0 1 A 1 B 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF CHARLOTTESVILLE, DATE THE REBATE COMPUTATION WAS PERFORMED: 12/03/2019 SCHEDULE K, PART I, LINE A, COLUMN (D): THE ECONOMIC DEVELOPMENT AUTHORITY OF ALBEMARLE COUNTY, VIRGINIA'S VARIABLE RATE EDUCATIONAL FACILITIES REVENUE REFUNDING BONDS (ST. ANNE'S BELFIELD, INC.) SERIES 2009 (THE "SERIES 2009 BONDS) WERE ORIGINALLY ISSUED ON AUGUST 11, 2009. ON DECEMBER 1, 2010 (THE "REISSUANCE DATE"), THE SERIES 2009 BONDS WERE DEEMED REISSUED FOR FEDERAL TAX PURPOSES UNDER SECTION 1001 OF THE INTERNAL REVENUE CODE. SCHEDULE K, PART I, LINE A, COLUMN (F): THE PAR AMOUNT OF THE SERIES 2009 BONDS WAS DEEMED SPENT ON THE REISSUANCE DATE TO REFUND THE SERIES 2009 BONDS THAT WERE OUTSTANDING ON THAT DATE. THE SERIES 2009 BONDS WERE ORIGINALLY ISSUED TO CURRENTLY REFUND THE OUTSTANDING PRINCIPAL AMOUNT OF THE ECONOMIC DEVELOPMENT AUTHORITY OF ALBEMARLE COUNTY , VIRGINIA'S VARIABLE RATE EDUCATIONAL FACILITIES REVENUE BONDS (ST. ANNE'S BELFIELD, INC.), SERIES 2008 (THE "SERIES 2008 BONDS"). THE PROCEEDS OF THE SERIES 2008 BONDS WERE USED TO FINANCE CERTAIN CAPITAL IMPROVEMENTS AT ST. ANNES' BELFIELD'S ("THE BORROWER") FACILITIES, PRIMARILY CONSISTING OF THE ACQUISITION, CONSTRUCTION AND EQUIPPING OF A NEW ACADEMIC VILLAGE FOR STUDENTS IN PRE-SCHOOL THROUGH 8TH GRADE AND TO FINANCE COSTS OF ISSUING THE SERIES 2008 BONDS. SCHEDULE K, PART I, LINE B, COLUMN (F): THE PROCEEDS OF THE 2013 SERIES BONDS WERE USED TO FINANCE CERTAIN CAPITAL IMPROVEMENTS AT ST. ANNE'S-BELFIELD, INC. ("THE BORROWER") UPPOER SCHOOL FACILITIES. THE SERIES 2013 BONDS WERE ISSUED AS DRAW-DOWN BONDS: THEREFORE, PART II, COLUMN B WILL NOT REFLECT ANY INVESTMENT EARNINGS ON THE SERIES 2013 BOND PROCEEDS. SCHEDULE K, PART II, COLUMN A, LINE 3: THIS AMOUNT REPRESENTS THE PAR AMOUNT OF THE REISSUED SERIES 2009 BONDS, WHICH WERE DEEMED SPENT ON THE REISSUANCE DATE TO REFUND THE SERIES 2009 BONDS THAT WERE OUTSTANDING ON THAT DATE. SEE NOTE RELATED TO PART I, LINE A, COLUMN (F). SCHEDULE K, PART II, COLUMN A, LINE 11: THIS AMOUNT REPRESENTS THE PAR AMOUNT OF THE REISSUED 2009 BONDS, WHICH WERE DEEMED SPENT ON THE REISSUANCE DATE TO REFUND THE SERIES 2009 BONDS THAT WERE OUTSTANDING ON THAT DATE. SEE NOTE RELATED TO PART I, LINE A. COLUMN (F). X 30 406647 MARKET VALUE ON RECEIPT X AUCTION ITEMS 86 34683 COST X SCHOOL SUPPLIES 9 16093 COST 0 1 1 PART I, LINE 32B: THE SCHOOL USES BROKERS TO SELL PUBLICLY TRADED SECURITIES WHEN RECEIVED. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS THOROUGHLY REVIEWED BY THE SCHOOL'S CHIEF FINANCIAL OFFICER PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, EACH MEMBER OF THE BOARD OF TRUSTEES SIGNS A STATEMENT WHICH AFFIRMS THAT HE/SHE HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, THAT HE/SHE HAS READ AND UNDERSTANDS THE POLICY, THAT HE/SHE AGREES TO COMPLY WITH THE POLICY, AND THAT HE/SHE UNDERSTANDS THAT THE SCHOOL MUST ENGAGE PRIMARILY IN ACTIVITIES THAT ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. PERIODIC REVIEWS ARE CONDUCTED TO DETERMINE IF POTENTIAL CONFLICTS OF INTEREST EXIST AND SHOULD BE EVALUATED. THE CONFLICT OF INTEREST POLICY CONTAINS SPECIFIC PROCEDURES TO ADDRESS PROPOSED TRANSACTIONS OR ARRANGEMENTS THAT MIGHT GIVE RISE TO A CONFLICT OF INTEREST AND SPECIFIC PROCEDURES TO ADDRESS POTENTIAL VIOLATIONS OF THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15A A COMMITTEE WAS FORMED BY THE BOARD TO PREPARE A LONG-TERM EMPLOYMENT CONTRACT FOR THE HEAD OF THE SCHOOL. THIS COMMITTEE, IN CONSULTATION WITH VARIOUS PROFESSIONALS, DESIGNED THE CONTRACT AND PRESENTED IT TO THE FULL BOARD. THE CONTRACT WAS APPROVED BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 18 THE SCHOOL'S 1023, 990, AND 990-T ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS CAN BE DISTRIBUTED TO THE PUBLIC UPON REQUEST. HOWEVER, ALL REQUESTS ARE SUBJECT TO THE APPROVAL OF THE HEAD OF SCHOOL AND THE SCHOOL'S CONSIDERATION OF THE INTENDED USE OF THE DOCUMENTS. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SWAP AND SPLIT INTEREST AGREEMENT -1,618,191. ROUNDING -3. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. MAWI PROPERTIES 2132 IVY ROAD CHARLOTTESVILLE VA 22903 REAL ESTATE VA 790131 ST ANNE'S-BELFIELD INC