2018-01-16T07:07:54-06:00 2017-06-30 540618213 HANTZMON WIEBEL LLP CPA'S 818 E JEFFERSON ST PO BOX 1408 CHARLOTTESVILLE VA 22902 990 2016-07-01 540880465 ST ANNE'S-BELFIELD INC STAN 4342965106 2132 IVY ROAD CHARLOTTESVILLE VA 22903 DIANE SCHMIDT ASSOCIATE HEAD OF SCHOOL/CFO 4342965106 2018-01-12 1 ALFRED L LAYNE JR P00320179 4342962156 216.30.185.162 2018-01-12 11:00:59 ES P E5ABED38F671A8A10F0A5953A2EB8F69D7435F3A 7B6832AF23B0CF7376EA265A48073B07B2EA5A85 2016 2021-01-29 14:40:06Z DIANE SCHMIDT 2132 IVY ROAD CHARLOTTESVILLE VA 22903 43963485 0 X WWW.STAB.ORG X 1910 VA OUR MISSION AS AN INDEPENDENT SCHOOL IS TO FEED EACH CHILD'S INNATE CURIOSITY THROUGH EXCEPTIONAL INNOVATIVE TEACHING AND LEARNING IN AN INTENTIONAL PRESCHOOL THROUGH GRADE 12 COMMUNITY IN WHICH CLOSE RELATIONSHIPS PROVIDE A FOUNDATION FOR ACHIEVEMENT AND WHERE EVERY CHILD IS WELL KNOWN. 20 20 362 100 42805 -124290 2291630 5428234 23442103 24247463 1583992 1799907 562972 139712 27880697 31615316 5433528 5841528 0 0 14867377 14822333 0 0 1269536 9712677 9941875 30013582 30605736 -2132885 1009580 114786826 118971408 54969895 51797484 59816931 67173924 SEE SCHEDULE O 0 0 5841528 5841528 FINANCIAL ASSISTANCE (TUITION REDUCTIONS) - FINANCIAL ASSISTANCE WAS PROVIDED TO STUDENTS. APPOXIMATELY 369 STUDENTS RECEIVED TUITION REDUCTIONS DURING THE YEAR. 21716365 24098021 ST. ANNE'S - BELFIELD SCHOOL IS AN INDEPENDENT SCHOOL PROVIDING EDUCATIONAL SERVICE TO APPROXIMATELY 900 STUDENTS FROM TWO YEAR OLDS THROUGH 12TH GRADE. 27557893 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 1 0 0 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 0 0 0 0 1 89 0 362 1 1 1 0 0 0 0 0 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X ST ANNE'S-BELFIELD INC 4342965106 2132 IVY ROAD CHARLOTTESVILLE VA 22903 RICHARD L BOOTH JR CHAIR OF THE BOARD 4.00 X X 0 0 0 MICHAEL D MILLIGAN TREASURER 4.00 X X 0 0 0 MICHAEL E DERDEYN TRUSTEE 4.00 X 0 0 0 ANTHONY IGNACZAK TRUSTEE 4.00 X 0 0 0 MYRON D RIPLEY TRUSTEE 4.00 X 0 0 0 KAREN O'NEIL TRUSTEE 4.00 X 0 0 0 JOHN W ZUNKA COUNSEL 4.00 X 0 0 0 SUSAN D SMITH TRUSTEE 4.00 X 0 0 0 LUIS ALVAREZ JR TRUSTEE 4.00 X 0 0 0 MICHAEL S GEISMAR TRUSTEE 4.00 X 0 0 0 KAREN M MORAN SECRETARY 4.00 X X 0 0 0 MICHAEL A PAUSIC TRUSTEE 4.00 X 0 0 0 FRANKLIN S EDMONDS JR VICE CHAIR 4.00 X X 0 0 0 MICHAEL J WOODFOLK TRUSTEE 4.00 X 0 0 0 CHANGDONG HE TRUSTEE 4.00 X 0 0 0 SHAMAN DOUGLASS TRUSTEE 4.00 X 0 0 0 CHARLES P COCKE JR TRUSTEE 4.00 X 0 0 0 ANGELA OAKEY TRUSTEE 4.00 X 0 0 0 KARI COULING TRUSTEE 4.00 X 0 0 0 ADRIAN KEEVIL TRUSTEE 4.00 X 0 0 0 MEGAN HUGHES PERRY TRUSTEE 4.00 X 0 0 0 DAVID LOURIE HEAD OF SCHOOL 40.00 X 418564 0 84073 DIANE SCHMIDT ASSOCIATE HEAD OF SCHOOL F 40.00 X 147579 0 27810 WARREN BUFORD HIGHLY COMPENSATED EMPLOYE 40.00 X 132580 0 57054 NANCY KOVATCH HIGHLY COMPENSATED EMPLOYE 40.00 X 100241 0 27351 ANDREW BRENNAN HIGHLY COMPENSATED EMPLOYE 40.00 X 110012 0 21841 908976 0 218129 5 0 1 0 SPIDER MANAGMENT COMPANY 6802 PARAGON PLACE SUITE 205 RICHMOND VA 23230 INVESTMENT MANAGEMENT 475846 BOWIE GRIDLEY ARCHITECTS PLLC 1010 WISCONSIN AVENUE SUITE 400 WASHINGTON DC 20007 CONSULTING 111169 2 5428234 77014 5428234 TUITION AND FEES 611600 20673634 20673634 OTHER AUXILIARY INCOME 611600 2276940 2257083 19857 FOOD SERVICE SALES 611600 793673 655956 137717 OTHER PROGRAM REVENUE 611600 199400 199400 SUMMER PROGRAM FEES 611600 169286 169286 134530 134530 24247463 400627 400627 13703099 12303819 1399280 1399280 -114769 1514049 52482 44350 8132 8132 MISCELLANEOUS REVENUE 900099 131580 131580 131580 31615316 24098021 42805 2046256 5841528 5841528 567218 123131 276231 167856 11394448 10380516 404763 609169 631781 510178 60410 61193 1356461 1236021 58815 61625 872425 781030 40743 50652 478351 478351 243952 80761 125268 37923 33012 26631 96 6285 140539 132107 7027 1405 1389223 1338840 32989 17394 135708 79789 14016 41903 1628723 1618177 7382 3164 2811635 2741344 42175 28116 223851 211046 6416 6389 FOOD SERVICE AND STORE 681067 681067 0 CONTRACTED SERVICES 443606 413045 7324 23237 SUPPLIES 406749 371271 11869 23609 PROFESSIONAL DEVELOPMEN 211249 168618 26430 16201 1114210 822793 178002 113415 30605736 27557893 1778307 1269536 3061540 5309845 7449418 5593596 87041 307822 40187 32093 68566 66008 70701 118499 80693532 20872890 62101883 59820642 41084161 47447501 509501 313828 275402 114786826 118971408 2231457 1706849 40339124 39456029 2679910 2273430 9719404 8361176 54969895 51797484 X 44970940 50854842 9279290 9877990 5566701 6441092 59816931 67173924 114786826 118971408 X 1009580 3518211 2829202 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 41076837 4067159 5432551 120248 2591899 475846 47388554 41575141 4762930 -1538576 84043 3218153 420462 41076837 35830952 7165278 2372395 98387 3301872 393225 41515141 29124432 5201742 4934443 94603 2906749 428313 35830952 25566775 3250608 2988265 68526 2306574 306116 29124432 0.86000 0.11840 0.02160 0 0 1007275 1007275 68460046 13960959 54499087 4444935 2499271 1945664 6781276 4412660 2368616 59820642 INVESTMENTS - PARTNERSHIPS 47388554 F INVESTMENTS - SECURITIES 58947 F 47447501 ADVANCED TUITION 4101997 FUNDS HELD FOR DEFERRED OBLIGATIONS 104496 FUNDS HELD FOR SCHOOL RELATED ORGANIZATIONS 137254 INTEREST RATE SWAP LIABILITY 3763765 ANNUITY LIABILITY 253664 8361176 X 31687200 3518211 2778199 6296410 25390790 478351 5746175 6224526 31615316 24330207 44350 44350 24285857 478351 5841528 6319879 30605736 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 SWAP 2,753,117. CHANGE IN CHARITABLE GIFT ANNUTIES -19,268. COGS NETTED WITH REVENUE 44,350. PART XI, LINE 4B - OTHER ADJUSTMENTS: TUITION REDUCTIONS 5,841,528. CHANGE IN PLEDGE ALLOWANCE NETTED WITH CONTRIBUTIONS ON FINANCIAL STATEMENTS -117,000. CONTRIBUTIONS REDUCED BY BAD DEBT 21,647. PART XII, LINE 2D - OTHER ADJUSTMENTS: COGS NETTED WITH REVENUE 44,350. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION REDUCTIONS 5,841,528. 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 NONDISCRIMINATORY 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. 1 TUITION REDUCTIONS - FINANCIAL AID 369 5841528 BOOK VALUE - COST THE SCHOOL PROVIDED NON-CASH FINANCIAL AID TO 369 STUDENTS IN THE FORM OF REDUCED TUITION. PART I, LINE 2: THE SCHOOL PROVIDES NON-CASH FINANCIAL AID TO STUDENTS IN THE FORM OF REDUCED TUITION. X 1 1 X X X 0 1 0 0 0 0 0 0 0 DAVID LOURIE HEAD OF SCHOOL 418564 0 0 0 0 0 18000 0 66073 0 502637 0 0 0 DIANE SCHMIDT ASSOCIATE HEAD OF SCHOOL F 147579 0 0 0 0 0 7350 0 20460 0 175389 0 0 0 WARREN BUFORD HIGHLY COMPENSATED EMPLOYE 132580 0 0 0 0 0 7088 0 49966 0 189634 0 0 0 PART I, LINE 1A PURSUANT TO A FORMAL EMPLOYMENT AGREEMENT APPROVED BY THE BOARD, A HOUSING ALLOWANCE IS PROVIDED TO THE HEAD OF THE SCHOOL. THIS HOUSING ALLOWANCE IS INCLUDED IN THE HEAD OF THE SCHOOL'S W-2 COMPENSATION. A ECONOMIC DEVELOPMENT AUTHORITY OF ALBEMARLE COUNTY VIRGINIA 521297503 NONEAVAIL 2010-12-01 30000000 SEE SCHEDULE O 0 0 0 B ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF CHARLOTTESVILLE VIRGINIA 541187150 NONEAVAIL 2013-08-01 15000000 SEE SCHEDULE O 0 0 0 A 835000 30000000 30000000 2010 1 0 0 1 B 388805 15000000 240468 14759532 2016 0 0 0 1 A 0 1 1 1 0 0.00010 0.00000 0.00010 0 0 1 B 0 1 1 1 0 0.00010 0.00000 0.00010 0 0 1 A 0 0 1 0 1 0 0 0 1 B 0 1 0 0 1 0 0 0 1 A 1 B 1 X 28 1568651 STOCK IS SOLD ON RECIEPT X SCHOOL SUPPLIES 11 4701 COST 0 0 1 1 PART I, COLUMN (B): TOTAL CONTRIBUTIONS FOR THE YEAR ENTERED. PART I, LINE 32B: THE SCHOOL USES BROKERS TO SELL PUBLICALLY TRADED SECURITIES CONTRIBUTED DURING THE YEAR. PART I, LINE 33: THE SCHOOL REPORTED 7 CONTRIBUTIONS OF PUBLICALLY TRADED SECURITIES IN SATISFACTION OF PRIOR YEAR PLEDGES THAT WERE REPORTED AS CONTRIBUTIONS REVENUE IN A PRIOR YEAR. THESE SECURITIES WERE VALUED AT $1,496,338. 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 PURPOSE. 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 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 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: FAIR MARKET CHANGE IN SWAP AND SPLIT INTEREST AGREEMENT 2,733,849. CHANGE IN PLEDGE ALLOWANCE NETTED WITH CONTRIBUTIONS ON FINANCIAL STATEMENT 117,000. CONTRIBUTIONS REDUCED BY BAD DEBT -21,647. FORM 990, PAGE 12, LINE 2C THE SCHOOL'S FINANCIAL RESOURCES COMMITTEE IS RESPONSIBLE FOR OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. SCHEDULE E, LINE 3: A STATEMENT OF THE NONDISCRIMINATORY 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. 990 PAGE 2, PART III, LINE 1 AS AN INDEPENDENT SCHOOL PROVIDING SECONDARY EDUCATION TO A DIVERSE STUDENT BODY, ST. ANNE'S BELFIELD FOSTERS AN EDUCATION COMMUNITY THAT NURTURES THE DEVELOPMENT OF ADVANCED SKILLS, ABILITIES AND KNOWLEDGE, SUPPORTS HIGH PERSONAL ASPIRATION, AND DEVELOPS EXEMPLARY ETHICAL, AND ENGAGED CITIZENS WHO POSITIVELY IMPACT THE WORLD. 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. 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. 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). 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). 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. MAWI PROPERTIES 2132 IVY ROAD CHARLOTTESVILLE VA 22903 REAL ESTATE VA 0 833192 ST ANNE'S BELFIELD INC