2019-01-28T14:22:40-06:00 2018-06-30 061009205 BLUM SHAPIRO & COMPANY PC ONE INTERNATIONAL PLACE 16TH FLOOR BOSTON MA 02110 990 2017-07-01 050369037 ST MICHAEL'S COUNTRY DAY SCHOOL STMI 4018495970 180 RHODE ISLAND AVENUE NEWPORT RI 02840 JAMES HEUS HEAD OF SCHOOL 4018495970 2019-01-28 1 LAURA J KENNEY P00202198 6177170831 2019-01-28 64.251.63.131 2019-01-28 10:20:15 ES P A6FE013E361255C01D59685EA5E402E2A66555A4 F655607A01BC9414CB150F5C2D5B642F4B7C09E6 2017 2019-02-21 02:37:17Z JAMES HEUS 180 RHODE ISLAND AVENUE NEWPORT RI 02840 5657863 0 X WWW.SMCDS.ORG X 1976 RI ST. MICHAEL'S COUNTRY DAY SCHOOL PROVIDES A DYNAMIC CURRICULUM THAT IS BUILT ON EXCELLENCE AND INSPIRES STUDENTS TO: LEARN WITH CONFIDENCE, LEAD WITH CHARACTER, AND ACHIEVE LASTING SUCCESS. 19 15 121 50 0 0 289816 371520 4630816 4832469 101724 78815 17197 40392 5039553 5323196 1181000 1239942 0 0 2987875 3418363 0 0 33881 1129625 1127712 5298500 5786017 -258947 -462821 8513251 8366685 1296238 1454109 7217013 6912576 ST. MICHAEL'S COUNTRY DAY SCHOOL PROVIDES A DYNAMIC CURRICULUM THAT IS BUILT ON EXCELLENCE AND INSPIRES STUDENTS TO: LEARN WITH CONFIDENCE, LEAD WITH CHARACTER, AND ACHIEVE LASTING SUCCESS. 0 0 4172407 1239942 4577020 PROVIDING OF ELEMENTARY SCHOOL EDUCATION (GRADES PRESCHOOL THROUGH GRADE 8) SERVING APPROXIMATELY 199 STUDENTS DURING FY 2018. 165773 255449 PROVISION OF SPECIAL PROGRAMS CONSISTING OF MUSIC, AFTER-SCHOOL ACTIVITIES, TUTORING, SUMMER AND THEATER CAMPS, WHICH ARE PROVIDED OUTSIDE OF REGULAR CLASS WORK, FOR APPROXIMATELY 250 STUDENTS DURING FY 2018. 4338180 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 4 0 1 121 1 0 0 0 0 0 0 0 0 0 0 X 19 15 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 X TED FERRY 4018495970 180 RHODE ISLAND AVENUE NEWPORT RI 02840 JENNIFER HUNTLEY CHAIR 10.00 X X 0 0 0 SUSAN LOVEJOY VICE CHAIR 5.00 X X 0 0 0 JAMES POWELL TREASURER 5.00 X X 0 0 0 KELLY RICHARDS SECRETARY 5.00 X X 0 0 0 CHRISTOPHER BENZAK TRUSTEE 5.00 X 0 0 0 ISABELLA DANA RIDALL TRUSTEE 5.00 X 0 0 0 MOLLY DE RAMEL TRUSTEE 5.00 X 0 0 0 GRIFFIN FLYNN TRUSTEE 5.00 X 0 0 0 STEPHEN FRARY TRUSTEE 5.00 X 0 0 0 VIVIAN HILTON TRUSTEE 5.00 X 0 0 0 KHADIJA LEWIS KHAN TRUSTEE 5.00 X 0 0 0 AMY MARTIN TRUSTEE 5.00 X 0 0 0 CHRISTOPHER MCNALLY TRUSTEE 5.00 X 0 0 0 SAMI NASSIM TRUSTEE 5.00 X 0 0 0 CURT RICHARDSON TRUSTEE 5.00 X 0 0 0 DAVID THALMANN TRUSTEE 5.00 X 0 0 0 MARY VAN PELT TRUSTEE 5.00 X 0 0 0 PAUL WEBER TRUSTEE 5.00 X 0 0 0 ELIZABETH WYLIE TRUSTEE 5.00 X 0 0 0 JOHN ZURN HEAD OF SCHOOL 50.00 X 252820 0 20888 252820 0 20888 1 0 1 0 0 20731 350789 371520 TUITION AND FEES 611110 4577020 4577020 SPECIAL PROGRAMS 611110 255449 255449 4832469 41930 41930 18840 0 18840 18840 18840 341910 305025 36885 36885 36885 41321 20731 29642 11679 11679 OTHER INCOME 611110 9873 9873 9873 5323196 4832469 0 119207 1239942 1239942 277388 277388 2512788 1664307 828481 20000 108550 76727 31823 317337 222970 94367 202300 142202 58467 1631 12872 12872 29747 29747 16823 16823 50035 50035 55908 37720 16405 1783 22252 800 21452 81825 76097 4091 1637 12891 12891 367286 341576 18364 7346 59563 59563 REPAIRS & MAINTENANCE 175508 170361 3676 1471 OTHER OPERATING EXPENSE 115042 115029 13 CAMPS, TUTORS, BUSING & 49829 49829 PROFESSIONAL DEVELOPMEN 34088 34088 44043 44043 5786017 4338180 1413956 33881 126531 68605 24088 59358 15690 12820 59631 66922 78293 56516 11385768 5520151 6080857 5865617 2128161 2236847 8513251 8366685 446266 683679 339834 306482 510138 463948 1296238 1454109 X 5144877 4754282 366537 452695 1705599 1705599 7217013 6912576 8513251 8366685 -462821 158384 0 X X 0 1 X 1 0 X 1893181 164091 13724 63071 1980477 1773424 1000 194154 75397 1893181 1893354 -105925 14005 1773424 1979327 -12117 73856 1893354 1827328 76 223854 71931 1979327 0.00000 0.86120 0.13880 0 0 81955 81955 10016997 4513254 5503743 524848 425105 99743 761968 581792 180176 5865617 X 4254457 158384 29642 188026 4066431 16823 1239942 1256765 5323196 4558894 29642 29642 4529252 16823 1239942 1256765 5786017 PART V, LINE 4: THE ENDOWMENT FUNDS ARE USED FOR THE MAINTENANCE OF THE VAN BEUREN BUILDING, NEED-BASED SCHOLARSHIPS, DIVERSITY AND LEARNING DISABLED, PROFESSIONAL DEVELOPMENT FOR TEACHERS IN THE STUDY OF ALTERNATIVE LEARNING METHODS, AND FACULTY ENRICHMENT BEYOND THE CLASSROOM. PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE SCHOOL AND RECOGNIZE A TAX LIABILITY IF THE SCHOOL HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE SCHOOL IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE SCHOOL RECOGNIZES INTEREST AND PENALTIES, IF APPLICABLE, AS A COMPONENT OF OPERATING EXPENSES. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES INCLUDED ON PART VIII, LINE 8(B) 29,642. PART XI, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE 1,239,942. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES INCLUDED ON PART VIII, LINE 8(B) 29,642. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE 1,239,942. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 POLICY IS DESCRIBED IN ALL MEDIA, INTERVIEWS, BROCHURES, APPLICATIONS, ADMISSIONS AND ASSISTANCE MATERIAL HOUSE TOURS 50503 20731 29772 19308 ADULT PARTY 9366 9366 8425 1 2183 2183 1909 62052 20731 41321 8425 21217 29642 11679 1 NEED BASED FINANCIAL AID 112 1239942 NEED BASED TUITION ASSISTANCE SCHEDULE I, PART I, LINE 2: THE FINANCIAL AID AWARDS ARE CREDITED TO THE STUDENT'S ACCOUNT THROUGH THE STUDENT BILLING SOFTWARE IN THE BUSINESS OFFICE. FOR RECIPIENTS OF NEED-BASED FINANCIAL AID, THE SCHOOL USES SCHOOL AND STUDENT SERVICES AS A GUIDE AND REQUIRES 2 YEARS OF INCOME TAX RETURNS. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 JOHN ZURN HEAD OF SCHOOL 222820 0 0 0 30000 0 11275 0 9613 0 273708 0 0 0 PART I, LINE 1A ST. MICHAEL'S COUNTRY DAY SCHOOL PROVIDES THE HEAD OF SCHOOL WITH HOUSING. THIS IS TREATED AS TAXABLE INCOME. 78700 FINANCIAL AID GRANTS TO PROVIDE FINANCIAL ASSISTANCE FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS REVIEWED BY FINANCE COMMITTEE MEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE POLICY IS OVERSEEN BY THE GOVERNANCE COMMITTEE. ANY POTENTIAL CONFLICT WOULD BE REVIEWED WITH THE BOARD MEMBER. IF A CONFLICT WAS JUDGED TO EXIST, HE/SHE WOULD BE ADVISED TO RECUSE THEMSELF FROM DISCUSSION AND VOTING ON ANY RELATED ISSUE. IF THE CONFLICT IS SEVERE, THE INDIVIDUAL WOULD BE ADVISED TO RECUSE HIMSELF FROM THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS COMPARES THE COMPENSATION OF KEY INDIVIDUALS TO COMPENSATION PAID TO INDIVIDUALS IN SIMILAR POSITIONS AT SIMILAR-SIZED SCHOOLS. THE RESULTS OF THE COMMITTEE ARE REPORTED TO THE BOARD OF DIRECTORS. THE DELIBERATIONS AND DECISION REGARDING THE COMPENSATION WAS DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE UPON REQUEST. 990, PART XII, LINE 2C: THE SCHOOL'S FINANCE COMMITTEE ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE FINANCIAL STATEMENT AUDIT AND THE SELECTION OF THE INDEPENDENT ACCOUNTANT.