2020-11-12T15:55:49-06:00 2020-06-30 420714325 RSM US LLP 80 CITY SQUARE BOSTON MA 021293742 990 2019-07-01 020222227 ST PAUL'S SCHOOL STPA 6032294737 325 PLEASANT STREET CONCORD NH 033012552 DR CAROLINE BROOKS SEAY CFO CFO 6032294737 2020-11-12 1 LYNNE JOHNSON P00757336 6179129000 68.199.170.159 2020-11-12 15:24:19 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 A455A1CFAE55646F8B4E97F606669C3433DE4769 2019 2021-01-29 14:40:06Z KATHLEEN GILES 325 PLEASANT STREET CONCORD NH 033012552 247156766 0 X WWW.SPS.EDU X 1856 NH ST. PAUL'S SCHOOL IS A FULLY RESIDENTIAL ACADEMIC COMMUNITY. (SEE SCHEDULE O) ST. PAUL'S SCHOOL IS A FULLY RESIDENTIAL ACADEMIC COMMUNITY THAT PURSUES THE HIGHEST IDEALS OF SCHOLARSHIP. WE STRIVE TO CHALLENGE OUR STUDENTS INTELLECTUALLY AND MORALLY - TO NURTURE A LOVE FOR LEARNING AND A COMMITMENT TO ENGAGE AS SERVANT LEADERS IN A COMPLEX WORLD. FOUNDED IN THE EPISCOPAL TRADITION, ST. PAUL'S SCHOOL MODELS AND TEACHES A RESPECT FOR SELF AND OTHERS; FOR ONE'S SPIRITUAL, PHYSICAL, AND EMOTIONAL WELL-BEING; FOR THE NATURAL ENVIRONMENT; AND FOR SERVICE TO A GREATER GOOD. 25 24 524 24 -589346 -661619 11482277 14868049 34058076 33250133 21373453 20860162 80302 -50777 66994108 68927567 12095033 11138091 0 0 29600465 30709599 0 0 4752049 24717349 24512829 66412847 66360519 581261 2567048 870872879 852564075 85956792 85086465 784916087 767477610 X ST. PAUL'S SCHOOL IS A FULLY RESIDENTIAL ACADEMIC COMMUNITY THAT PURSUES THE HIGHEST IDEALS OF SCHOLARSHIP. WE STRIVE TO CHALLENGE OUR STUDENTS INTELLECTUALLY AND MORALLY - TO NURTURE A LOVE FOR LEARNING AND A COMMITMENT TO ENGAGE AS (SEE SCHEDULE O FOR CONTINUATION) SERVANT LEADERS IN A COMPLEX WORLD. FOUNDED IN THE EPISCOPAL TRADITION, ST. PAUL'S SCHOOL MODELS AND TEACHES A RESPECT FOR SELF AND OTHERS; FOR ONE'S SPIRITUAL, PHYSICAL, AND EMOTIONAL WELL-BEING; FOR THE NATURAL ENVIRONMENT; AND FOR SERVICE TO A GREATER GOOD. 0 0 54171316 10821366 32293972 ST. PAUL'S SCHOOL'S PRIMARY PROGRAM SERVICE IS THE EDUCATION OF STUDENTS IN GRADE 9 THROUGH 12, IN A COEDUCATIONAL FULLY RESIDENTIAL SCHOOL ENVIRONMENT. THE SCHOOL STRIVES TO BE AN INCLUSIVE, EQUITABLE, AND RICHLY DIVERSE COMMUNITY, ONE THAT IS COMMITTED TO ENSURING EQUAL ACCESS TO OPPORTUNITIES, AS WELL AS PROMOTING INDIVIDUAL GROWTH THROUGH LEARNING ABOUT THE SELF AND THE PERSPECTIVES AND EXPERIENCE OF OTHERS. THE CONCENTRATED ACADEMIC WORK DONE IN COLLABORATION BY THE STUDENTS AND FACULTY AT ST. PAUL'S SCHOOL IS THE HALLMARK OF OUR ACADEMIC PROGRAM. THROUGH THE SCHOOL'S RIGOROUS ACADEMIC STANDARDS, WE ENCOURAGE OUR MOTIVATED STUDENTS TO ATTAIN THE HIGHEST LEVELS OF SCHOLARSHIP AND INTELLECTUAL GROWTH AND DEVELOPMENT. 1391423 316725 1043219 ST. PAUL'S SCHOOL FOUNDED THE ADVANCED STUDIES PROGRAM (ASP) IN 1958 TO PROVIDE TALENTED NEW HAMPSHIRE PUBLIC AND PAROCHIAL HIGH SCHOOL RISKING SENIORS WITH CHALLENGING EDUCATIONAL OPPORTUNITIES OTHERWISE UNAVAILABLE TO THEM. EACH SUMMER, APPROXIMATELY 240 YOUNG MEN AND WOMEN LIVE ON THE ST. PAUL'S SCHOOL'S CAMPUS FOR FIVE AND A HALF WEEKS. STUDENTS ARE IMMERSED IN A COLLEGE-LEVEL CURRICULUM AND CHALLENGED TO DISCOVER NEW WAYS OF LEARNING. ASP OFFERS A WIDE VARIETY OF COURSES FROM SHAKESPEARE TO ASTRONOMY, WHICH THOROUGHLY EXPLORE TOPICS IN SEVERAL DISCIPLINES. IN THEIR TIME AT ASP, STUDENTS BECOME IMMERSED IN THEIR SUBJECT OF CHOICE, SETTING THEM UP FOR A LIFELONG UNDERSTANDING OF THE MATERIAL. (SEE SCHEDULE O FOR CONTINUATION)ADDITIONALLY, ALL ASP STUDENTS HAVE AN OPPORTUNITY TO ENHANCE THEIR WRITING SKILLS THROUGH COMPULSORY INTERACTIVE WRITING WORKSHOPS. 55562739 1 1 0 1 0 1 0 0 0 1 1 1 0 0 1 1 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 1 1 1 0 0 0 1 X 251 0 524 1 1 0 0 0 0 0 0 0 0 0 0 0 0 X 25 24 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NH X X MEGAN KINGSLEY DIRECTOR OF FINANCE 6032294635 325 PLEASANT STREET CONCORD NH 033012552 MICHAEL G HIRSCHFELD RECTOR (UNTIL 6/30/18-SABBATICAL) 0.00 X 670905 0 27327 AMY RICHARDS RECTOR (UNTIL 6/30/19) 0.00 X 469046 0 34713 KATHY GILES RECTOR 60.00 X X 354835 0 61194 DR CAROLINE BROOKS SEAY CHIEF FINANCIAL AND OPERATING OFFICER 50.00 X 305710 0 63150 DR JOHN C BASSI MEDICAL DIRECTOR 50.00 X 216742 0 55065 SCOTT P BOHAN DEAN OF ADMISSIONS 50.00 X 146363 0 77666 BENJAMIN JORGENSEN DIRECTOR OF FACILITIES 50.00 X 159340 0 49968 DR THERESA FERNS VICE RECTOR OF SCHOOL LIFE 50.00 X 152311 0 47846 SCOTT MORIN DIRECTOR OF IT 50.00 X 153074 0 20058 MR ARCHIBALD COX JR PRESIDENT 10.00 X X 0 0 0 MR DOUGLAS S ASANO TRUSTEE 3.00 X 0 0 0 MR MATTHEW BAIRD II TRUSTEE 3.00 X 0 0 0 MR MATTHEW BAXTER TRUSTEE 3.00 X 0 0 0 MRS CANDICE BEDNAR TRUSTEE 3.00 X 0 0 0 MRS CANDACE E BROWNING-PLATT TRUSTEE 3.00 X 0 0 0 MR JULIAN CL CHENG TRUSTEE 3.00 X 0 0 0 MR JAMES CRUMPACKER TRUSTEE 3.00 X 0 0 0 MS SUSAN FALES-HILL TRUSTEE 3.00 X 0 0 0 MRS BRIDGET FAWCETT TRUSTEE 3.00 X 0 0 0 MS CATHERINE A GELLERT CLERK 3.00 X X 0 0 0 MR DAHNI-EL Y Y GILES TRUSTEE 3.00 X 0 0 0 MS NOELLE KWOK TRUSTEE 3.00 X 0 0 0 MS JANICE YK LEE TRUSTEE 3.00 X 0 0 0 MR VICTOR M LOPEZ-BALBOA TREASURER 3.00 X X 0 0 0 MR JONATHAN W MEEKS TRUSTEE 3.00 X 0 0 0 MS PATRICIA L PATTERSON TRUSTEE 3.00 X 0 0 0 MS JULIA PERSHAN TRUSTEE 3.00 X 0 0 0 MS ELIZABETH OVERTON ROBBINS TRUSTEE 3.00 X 0 0 0 MR TIMOTHY A STEINERT TRUSTEE 3.00 X 0 0 0 MS NANCY WALKER TRUSTEE 3.00 X 0 0 0 MS THEODORA DELAND WALTON TRUSTEE 3.00 X 0 0 0 DR WENDY C WILCOX TRUSTEE 3.00 X 0 0 0 REV ROBERT WRIGHT TRUSTEE 3.00 X 0 0 0 2628326 0 436987 30 1 1 0 JH SPAIN COMMERCIAL SERVICES LLC 210 NORTH STATE STREET CONCORD NH 03301 CONSTRUCTION CONTRACTOR 1090384 HARVEY CONSTRUCTION CORP OF NH 10 HARVEY ROAD BEDFORD NH 033100685 CONSTRUCTION CONTRACTOR 1018437 HVAC UNLIMITED LLC 139 LONDERDERRY TURNPIKE HOOKSETT NH 03106 BUILDING SERVICES 912608 HINCKLEY ALLEN & SNYDER LLP 650 ELM STREET SUITE 500 MANCHESTER NH 03101 ATTORNEY 515903 D DAVIS & SONS LLC 134 VILLAGE STREET PENACOOK NH 03303 BUILDING SERVICES 453580 25 14868049 2268184 14868049 TUITION & FEES 611710 33250133 33250133 33250133 1356870 -759549 2116419 22000 0 22000 22000 22000 197407252 177847953 56007 19559299 -56007 19503292 170203 19333089 165404 325239 -159835 -159835 MISCELLANEOUS REVENUE 900099 87058 87058 87058 68927567 33337191 -589346 21311673 11138091 11138091 941654 494436 365896 81322 21888581 17823477 1779722 2285382 2514419 2007702 241294 265423 3767611 2209835 794025 763751 1597334 1300681 129876 166777 247636 13227 232605 1804 152652 14960 135860 1832 16981 16981 691117 691117 78919 11083 67836 335204 140707 120196 74301 1214576 714566 196193 303817 626585 493993 105640 26952 4970657 4525867 417591 27199 424823 260245 44998 119580 25324 23680 1644 2392058 2272455 23921 95682 8404220 8019756 151611 232853 853430 455236 368509 29685 SUPPLIES FOR PROGRAMS 1770938 1703479 65629 1830 EDU SUPPORT FOR PROGRAM 1454995 1411187 43808 ENTERTAINMENT/SPECIAL E 613024 309861 52605 250558 DUES AND MEMBERSHIPS 239690 218215 15155 6320 66360519 55562739 6045731 4752049 4300089 4328022 10620422 10490944 294889 443397 333783 201142 1148525 1375785 304238488 103642756 202597135 200595732 67043671 57618280 573856987 566967652 10677378 10543121 870872879 852564075 7302032 5928297 65446529 65326177 13208231 13831991 85956792 85086465 X 300759134 293670534 484156953 473807076 784916087 767477610 870872879 852564075 X 2567048 -15118543 -4886982 X 0 1 X 1 0 X 19948422 10252413 12905856 11482277 14868049 69457017 19948422 10252413 12905856 11482277 14868049 69457017 7156395 62300622 1985175 1464991 1603319 2357379 2138419 9549283 296138 725349 1021487 207573 165404 372977 80400764 165191485 0.77490 0.75710 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 16981 16981 0 PART II-B, LINE 1: ST. PAUL'S SCHOOL IS A MEMBER OF A NUMBER OF ASSOCIATIONS SUCH AS THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS, COUNCIL OF ADVANCEMENT AND SUPPORT OF EDUCATION, AND THE NATIONAL ASSOCIATION OF COLLEGE & UNIVERSITY BUSINESS OFFICERS, WHICH MAY USE A PORTION OF MEMBERSHIP DUES TO LOBBY ON BEHALF OF ITS MEMBERS. TOTAL DUES AND FEES PAID TO THESE TYPES OF ORGANIZATIONS WAS $16,981 IN FISCAL YEAR 2020. THE PORTION OF DUES AND FEES ALLOCATED TO LOBBYING ACTIVITIES IS NOT DETERMINABLE. 1 0 273536 5775840 0 0 631036640 9427121 5203895 5807703 22076657 3379699 614403597 633333291 9596752 24134413 5453454 21406393 9167969 631036640 602130052 10020320 55896392 4948916 20430758 9333799 633333291 549281305 8054981 70101590 4847501 19594131 866192 602130052 573605841 11137807 -11950383 4530640 18190315 791005 549281305 0.28000 0.72000 0.00000 1 0 4697490 4697490 266389249 83174949 183214300 33045659 20467807 12577852 106090 106090 200595732 US EQUITY 88920873 F INTERNATIONAL EQUITY 140821201 F MARKETABLE ALTERNATIVES 226510108 F NON-MARKETABLE ALTERNATIVES 66933062 F INFLATION HEDGING 43782408 F 566967652 ADVANCE DEPOSITS 1678831 LIABILITIES UNDER SPLIT INTEREST AGREEMENTS 2608672 INTEREST RATE SWAP AGREEMENT 9544488 13831991 X 40107427 -15118543 -13335719 -28454262 68561689 691117 -325239 365878 68927567 57545904 3014593 3014593 54531311 11829208 11829208 66360519 PART V, LINE 4: THE SCHOOL'S ENDOWMENT FUNDS ARE USED IN PERPETUITY TO FUND THE SPS PROGRAMS. THE PRINCIPAL IS INVESTED FOR LONG-TERM GROWTH TO PRESERVE THE PURCHASING POWER OF THE ENDOWMENT ASSETS FOR THE USE OF PRESENT AND FUTURE GENERATIONS OF STUDENTS. PART X, LINE 2: THE SCHOOL FOLLOWS FASB ASC 740, INCOME TAXES, REGARDING ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES BY PRESCRIBING THE RECOGNITION THRESHOLD A TAX POSITION IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. IT ALSO PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE, AND TRANSITION. MANAGEMENT BELIEVES THAT THE SCHOOL HAS NO MATERIAL UNCERTAINTIES IN INCOME TAXES. THE SCHOOL IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE, OR LOCAL TAX AUTHORITIES FOR THE FISCAL YEARS BEFORE 2017. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID NETTED WITH REVENUE -11,138,091. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 187,537. UNREALIZED LOSS ON INTEREST RATE SWAP -2,385,165. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -325,239. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 325,239. NON-OPERATING LEGAL & PROFESSIONAL FEES 2,689,354. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED WITH REVENUE 11,138,091. INVESTMENT EXPENSES NETTED WITH REVENUE 691,117. PART I, LINE 5 & 6: THE SCHOOL HAS NO DONOR ADVISED FUNDS. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 OUR POLICY IS PUBLISHED ANNUALLY IN A REGIONAL NEWSPAPER, INCLUDED IN ALL PROSPECTIVE STUDENT LITERATURE AND DISTRIBUTED TO STUDENTS IN OUR STUDENT HANDBOOK. THE POLICY IS ALSO NOTED ON OUR WEBSITE, AND IS INCLUDED WITH ALL EMPLOYMENT ADVERTISEMENTS INCLUDED IN NEWSPAPERS OR OTHER PUBLICATIONS. CENTRAL AMERICA AND THE CARIBBEAN INVESTMENTS N/A 281053000 EUROPE (INCLUDING ICELAND & GREENLAND) INVESTMENTS N/A 3842000 EAST ASIA AND THE PACIFIC PROGRAM PROGRAM SERVICE (SEE PART V) 91000 EUROPE (INCLUDING ICELAND & GREENLAND) PROGRAM PROGRAM SERVICES (SEE PART V) 92000 NORTH AMERICA PROGRAM PROGRAM SERVICES (SEE PART V) 16000 EAST ASIA AND THE PACIFIC FUNDRAISING 31000 EUROPE (INCLUDING ICELAND & GREENLAND) FUNDRAISING 50 CENTRAL AMERICA AND THE CARIBBEAN FUNDRAISING 800 0 0 0 0 0 0 285125850 0 285125850 1 0 1 1 1 0 PART III ACCOUNTING METHOD: PART I, LINE 3, COLUMN(E): REGIONS: EAST ASIA AND THE PACIFIC, EUROPE, AND NORTH AMERICA. (E) SPECIFIC TYPES OF SERVICES IN REGION: PROGRAM SERVICE ACTIVITIES INCLUDE ADMISSION AND COLLEGE ADVISING TRAVEL, FACULTY PROFESSIONAL DEVELOPMENT, AND OFF-CAMPUS PROGRAM STUDENT TRIPS. THE EXPENDITURES REPORTED ARE BASED ON THE ACCRUAL METHOD, WHICH IS THE METHOD USED TO ACCOUNT FOR EXPENSES ON THE SCHOOL'S FINANCIAL STATEMENTS. 1 FINANCIAL AID ASSISTANCE TO ATTEND ST. PAUL'S SCHOOL 205 0 11138091 FAIR MARKET VALUE FINANCIAL AID ASSISTANCE AWARDED TO ATTEND ST. PAUL'S SCHOOL PART I, LINE 2: ANY STUDENT OR APPLICANT REQUESTING FINANCIAL AID FROM ST. PAUL'S SCHOOL MUST COMPLETE THE PERSONAL FINANCIAL STATEMENT (PFS) OFFERED BY THE SCHOOL AND STUDENT SERVICES - NAIS, AS WELL AS PROVIDE COPIES OF RECENT TAX INFORMATION BY A SPECIFIED DEADLINE. THE SCHOOL'S DIRECTOR OF FINANCIAL AID EVALUATES ALL APPLICATIONS USING BOTH THE PFS FORMULA AND INSTITUTIONAL POLICY TO DETERMINE THE FINANCIAL NEED OF EACH APPLICANT. STUDENTS WHO ARE DETERMINED TO HAVE FINANCIAL NEEDS ARE AWARDED GRANT FUNDS TO MEET 100% OF THEIR DETERMINED NEED. X X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 MICHAEL G HIRSCHFELD RECTOR (UNTIL 6/30/18-SABBATICAL) 439286 0 0 0 231619 0 0 0 27327 0 698232 0 33000 0 AMY RICHARDS RECTOR (UNTIL 6/30/19) 112666 0 0 0 356380 0 13837 0 20876 0 503759 0 161991 0 KATHY GILES RECTOR 335706 0 0 0 19129 0 33600 0 27594 0 416029 0 0 0 DR CAROLINE BROOKS SEAY CHIEF FINANCIAL AND OPERATING OFFICE 305500 0 0 0 210 0 33600 0 29550 0 368860 0 0 0 DR JOHN C BASSI MEDICAL DIRECTOR 216742 0 0 0 0 0 26139 0 28926 0 271807 0 0 0 SCOTT P BOHAN DEAN OF ADMISSIONS 146363 0 0 0 0 0 18752 0 58914 0 224029 0 0 0 BENJAMIN JORGENSEN DIRECTOR OF FACILITIES 159340 0 0 0 0 0 20314 0 29654 0 209308 0 0 0 DR THERESA FERNS VICE RECTOR OF SCHOOL LIFE 152311 0 0 0 0 0 18360 0 29486 0 200157 0 0 0 SCOTT MORIN DIRECTOR OF IT 153074 0 0 0 0 0 18549 0 1509 0 173132 0 0 0 PART I, LINE 1A TRAVEL FOR COMPANIONS - NONTAXABLE TRAVEL EXPENSES UNDER THE SCHOOL'S ACCOUNTABLE PLAN INCURRED FOR BONA FIDE BUSINESS PURPOSES ON BEHALF OF A FAMILY MEMBER OF AMY RICHARDS WERE PAID BY THE SCHOOL. HOUSING ALLOWANCE - ST. PAUL'S SCHOOL IS A COEDUCATIONAL FULLY RESIDENTIAL SCHOOL. AS A REQUIREMENT OF EMPLOYMENT, ALL FACULTY MEMBERS MUST LIVE ON CAMPUS AND ARE PROVIDED NONTAXABLE HOUSING BY THE SCHOOL. LISTED EMPLOYEES WHO RECEIVED SCHOOL HOUSING ARE AS FOLLOWS: - MS. AMY RICHARDS - $14,400 - MS. KATHY GILES - $14,400 - DR. CAROLINE BROOKS SEAY - $28,800 - DR. JOHN C. BASSI - $28,800 - DR. THERESA FERNS - $28,800 - MR. SCOTT P. BOHAN - $28,800 PART I, LINE 4B MR. MICHAEL G. HIRCHFELD PARTICIPATES IN THE SCHOOL'S SECTION 457(F) NONQUALIFIED RETIREMENT PLANS. ALL THE 457(F) PAYMENTS WERE VESTED ON JUNE 30, 2018. DURING 2019, A PAYMENT WAS MADE TOTALING $96,586 RELATED TO THESE PLANS. IN ADDITION, HE PARTICIPATES IN A 457B PLAN. THE TOTAL OF THE VESTED PAYMENTS WERE PAID IN 2019, TOTALING $107,657. MS. AMY RICHARDS PARTICIPATES IN THE SCHOOL'S SECTION 457(F) NONQUALIFIED RETIREMENT PLANS AND ACCRUED BENEFITS OF $356,380 FOR THE FISCAL YEAR 2019 AS APPROVED BY THE BOARD OF TRUSTEES. THE TOTAL BENEFIT WAS PAID DURING FISCAL YEAR 2020. A NHHEFA REVENUE BONDS ST PAUL'S SCHOOL 020279866 644614G45 2010-09-30 15217879 SEE PART VI 0 0 0 B NHHEFA REVENUE BONDS ST PAUL'S SCHOOL 020279866 2015-06-01 12000000 SEE PART VI 0 0 0 A 15217879 213618 15004261 2012 0 0 1 1 B 12000000 120000 11880000 2016 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 1 NATIXIS FUNDING CORP 1.166666700000 1 0 1 B 0 0 0 1 0 0 0 0 1 A 0 B 0 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: NHHEFA REVENUE BONDS ST. PAUL'S SCHOOL DATE THE REBATE COMPUTATION WAS PERFORMED: 09/30/2020 ISSUER NAME: NHHEFA REVENUE BONDS ST. PAUL'S SCHOOL DATE THE REBATE COMPUTATION WAS PERFORMED: 06/01/2020 SCHEDULE K, PART I, A AND B, COLUMN (F): CONSTRUCTION AND/OR RENOVATION OF SCHOOL FACILITIES X 72 2268184 MARKET VALUE 0 0 1 1 PART I, COLUMN (B): THE SCHOOL IS REPORTING THE NUMBER OF CONTRIBUTIONS OF SECURITIES BASED ON THE NUMBER OF GIFTS RECEIVED. THE NUMBER OF OTHER CONTRIBUTIONS IS BASED ON THE NUMBER OF DONATIONS. PART I, LINE 32B: ALL STOCK ARE RECEIVED, PROCESSED AND SOLD BY THE SCHOOL'S CUSTODIAN BANK. FORM 990, PART V, LINE 3B ST. PAUL'S HAS FILED FORM 8868, APPLICATION FOR EXTENSION OF TIME TO FILE AN EXEMPT ORGANIZATION RETURN, TO REQUEST AN EXTENSION FOR FORM 990-T FOR THE TAX YEAR ENDING JUNE 30, 2020. FORM 990, PART VI, SECTION A, LINE 6 THE SCHOOL'S GOVERNING BODY CONSISTED OF TRUSTEES WHO HAVE THE RIGHT TO PARTICIPATE IN THE SCHOOL'S GOVERNANCE. ALL TRUSTEES HAVE THE SAME VOTING RIGHTS. THE FULL BOARD OF TRUSTEES MUST VOTE ON THE REMOVAL OF TRUSTEES OR THE HIRING OR FIRING OF THE RECTOR OR DISSOLUTION OF THE SCHOOL. THE FULL BOARD APPROVES SIGNIFICANT DECISIONS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7A CERTAIN DESIGNEES OF THE ALUMNI AND PARENTS ASSOCIATIONS SERVE AS MEMBERS OF THE BOARD OF TRUSTEES OF ST. PAUL'S SCHOOL AND HAVE THE SAME AUTHORITY AS OTHER ELECTED MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B ST. PAUL'S SCHOOL WORKS WITH ITS OUTSIDE ACCOUNTANT TO PREPARE THE FORMS IN WHICH THE DIRECTOR OF FINANCE AND CFO PERFORM A REVIEW PRIOR TO BEING PRESENTED TO THE AUDIT AND RISK COMMITTEE. AN AUDIT AND RISK COMMITTEE MEETING WAS HELD PRIOR TO THE FILING OF THE FORM 990. AT THIS TIME, THE FORM 990 WAS REVIEWED IN DETAIL AND APPROVED FOR SUBMISSION TO THE INTERNAL REVENUE SERVICE. PRIOR TO THE FINAL FORM BEING ELECTRONICALLY SUBMITTED TO THE INTERNAL REVENUE SERVICE A COPY WAS PROVIDED TO ALL THE MEMBERS OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C ST. PAUL'S SCHOOL MAINTAINS A WRITTEN CONFLICT OF INTEREST POLICY THAT IS INCLUDED IN THE SCHOOL'S POLICIES AND PROCEDURES MANUAL WHICH IS UPDATED AND DISSEMINATED TO EMPLOYEES AND TRUSTEES ANNUALLY AND IS INCLUDED ON THE SCHOOL'S INTRANET. AT THE START OF EACH FISCAL YEAR, THE CHIEF FINANCIAL OFFICER OF THE SCHOOL REQUIRES THAT EACH TRUSTEE, OFFICER, AND KEY EMPLOYEE COMPLETES A CONFLICT OF INTEREST DISCLOSURE FORM. ANY CONFLICTS IDENTIFIED BY THE CONFLICT OF INTEREST DISCLOSURE FORM ARE SUMMARIZED IN A REPORT TO THE PRESIDENT OF THE BOARD OF TRUSTEES AND THE CHAIR OF THE TRUSTEES & GOVERNANCE COMMITTEE. THE BOARD OF TRUSTEES IS NOTIFIED OF ANY CONFLICTS AND ACTION, IF NECESSARY, IS TAKEN BY THE TRUSTEES. AT THE CONCLUSION OF THE FISCAL YEAR, PRIOR TO THE SUBMISSION OF THE FORM 990, A GOVERNING BODY MEMBER ANNUAL QUESTIONNAIRE IS PROVIDED TO EACH TRUSTEE, OFFICER AND/OR KEY EMPLOYEE. THIS QUESTIONNAIRE REQUIRES THE DISCLOSURE OF ANY CONFLICTS OF INTEREST THAT MAY HAVE EXISTED DURING THE PRIOR FISCAL YEAR. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE, CONSISTING SOLELY OF OUTSIDE DIRECTORS, IS RESPONSIBLE FOR ADMINISTERING THE COMPENSATION OF THE RECTOR AND ANY OTHER OFFICERS AND KEY EMPLOYEES. THE COMMITTEE MEETS APPROXIMATELY THREE TIMES A YEAR TO: 1. SET GOALS FOR THE RECTOR. 2. DETERMINE WHAT, IF ANY, OUTSIDE RESOURCES ARE NECESSARY TO SET APPROPRIATE COMPENSATION IN THAT YEAR. 3. HIRE ANY NECESSARY OUTSIDE CONSULTANTS. 4. REVIEW AND SET COMPENSATION BY A REVIEW OF COMPARABLE OUTSIDE DATA INCLUDING 990 AND PEER SCHOOL INFORMATION. 5. REVIEW THE RECTOR'S PERFORMANCE. 6. AMEND, IF NECESSARY, EMPLOYMENT CONTRACTS. 7. SET COMPENSATION FOR RECTOR, OTHER OFFICERS AND KEY EMPLOYEES. 8. REVIEW AND APPROVE THE MINUTES OF THE PREVIOUS COMPENSATION COMMITTEE MEETING. THE COMPENSATION COMMITTEE REPORTS ON ITS MEETINGS TO THE FULL BOARD OF TRUSTEES AND THE ACTIONS OF THE COMPENSATION COMMITTEE ARE RATIFIED AT THE NEXT MEETING OF THE FULL BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 ST. PAUL'S SCHOOL MAKES AVAILABLE TO THE PUBLIC VIA ITS WEBSITE THE FOLLOWING GOVERNING DOCUMENTS: - BY-LAWS - INTERNAL REVENUE SERVICE TAX DETERMINATION LETTER - FILED PUBLIC DISCLOSURE COPY OF FORM 990 FOR THE THREE MOST RECENT FISCAL YEARS - BOARD OF TRUSTEE COMMITTEE CHARTERS IN ADDITION, ST. PAUL'S SCHOOL MAKES THE AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE SCHOOL COMMUNITY (EMPLOYEES, PARENTS AND ALUMNI) VIA OUR SECURED PASSWORD PROTECTED WEBSITE. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 187,537. UNREALIZED LOSS ON INTEREST RATE SWAP -2,385,165. NON-OPERATING LEGAL & PROFESSIONAL FEES -2,689,354. ST PAUL'S SCHOOL - E BURKE ROSS JR NEW JERSEY FINANCIAL AID FUND LLC 172 SOUTH OCEAN BLVD PALM BEACH FL 33480 161673430 FINANCIAL AID FUND NJ 420226 5775840 ST PAUL'S SCHOOL CHARITABLE REMAINDER TRUST (6) CHARITABLE TRUST NH ST PAUL'S SCHOOL 1 POOLED INCOME FUND (1) CHARITABLE TRUST NH ST PAUL'S SCHOOL 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 POOLED INCOME FUND (1) S 88013 FAIR VALUE