2017-05-03T13:37:42-07:00 2016-06-30 990 2015-07-01 560532314 SAINT MARYS SCHOOL SAIN 9194244125 900 Hillsborough Street Raleigh NC 27603 Monica Gillespie Head of School 9194244123 2017-05-03 2015 2021-01-29 14:40:06Z SAINT MARY'S SCHOOL Monica Gillespie 900 HILLSBOROUGH STREET RALEIGH NC 27603 31578625 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 26 224 400 176841 6331 3189315 5898859 10118304 10378474 503371 202554 60866 0 13871856 16479887 2010000 2100553 0 0 6694852 6952943 28321 28199 1082355 5581329 5958298 14314502 15039993 -442646 1439894 50885317 51135108 12473813 11210267 38411504 39924841 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 8356107 2100553 6590670 Educational activities and related academic support and aid for 264 students. 1248614 0 3787804 Saint Mary's provides provides a boarding program for students and faculty and other auxiliary services to further academic achievement. 0 0 0 9604721 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 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 102 0 1 224 1 1 1 0 0 0 0 1 1 0 0 0 0 X 26 26 0 0 0 0 0 0 0 1 0 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 Theodore D Bratton Chair 4.5 0 X 0 0 0 Gloria Taft Becker Vice Chair 1.71 0 X 0 0 0 William C Monk Jr Treasurer 0.94 0 X 0 0 0 Martin H Brinkley Secretary 0.94 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 Barbara Eagleson Cain 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 Carter Warren Franke Trustee 0.94 0 X 0 0 0 Sallie Harris Glover Trustee 0.94 0 X 0 0 0 R Gordon Grubb Trustee 1.13 0 X 0 0 0 Hubert B Haywood Trustee 0.75 0 X 0 0 0 Mary Dana Hinton Trustee 0.75 0 X 0 0 0 Kenneth B Howard Trustee 1.13 0 X 0 0 0 Lynn Cowell Ives Trustee 0.75 0 X 0 0 0 Burns Jones Trustee 0.75 0 X 0 0 0 Stephen Later Trustee 0.75 0 X 0 0 0 Scott Mahoney Trustee 0.94 0 X 0 0 0 Elizabeth Pitts Trustee 0.94 0 X 0 0 0 Sallie Shuping Russell Trustee 0.75 0 X 0 0 0 F Jefferson Stocks Trustee 0.94 0 X 0 0 0 Gray Clark Stoughton Trustee 0.75 0 X 0 0 0 Jeff Szyperski Trustee 0.75 0 X 0 0 0 Nancy Kerr Thomason Trustee 1.13 0 X 0 0 0 Margaret Longley White Trustee 0.94 0 X 0 0 0 Monica Gillespie Head of School 40 0 X 300862 0 105683 Sarah H Woods Chief Financial Officer 40 0 X 133974 0 40960 Kim Slade Director of Admission 40 0 X 105695 0 9935 Wendell D Monroe Director of Athletics 40 0 X 100077 0 37521 640608 0 194099 4 0 1 0 Brock and Company Inc 257 Great Valley Parkway Malvern PA 19355 Food Service 805580 Worksmart 100 Meredith Dr Suite 200 Durham NC 27713 Technology Service 183454 Metro Productions 6005 Chapel Hill Road Raleigh NC 27607 Publication Service 148230 MBS Direct LLC PO Box 617 Columbia MO 65205 Textbooks 136288 Lenovo Financial Services 25578 Network Place Chicago IL 60673 Lease PC tablets 130348 7 0 0 0 0 0 5898859 1147142 5898859 TUITION & FEES 900099 6590670 6590670 0 0 HOUSING 900099 1917145 1917145 0 0 FOOD SERVICE 900099 1278097 1278097 0 0 STUDENT STORE 900099 91833 91637 0 196 SPORTS/OTHER CAMPS 900099 285753 108912 176841 0 214976 214976 0 0 10378474 637701 0 0 637701 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 14663591 0 15098738 0 -435147 0 -435147 0 0 -435147 0 0 16479887 10201437 176841 202750 0 0 2100553 2100553 0 0 0 0 602904 0 602904 0 0 0 0 0 5190917 3256217 1503419 431281 195540 151341 29065 15134 572968 379841 140551 52576 390614 241275 119485 29854 0 0 0 0 156279 62512 93767 0 81702 32681 49021 0 0 0 0 0 28199 28199 117029 0 117029 0 560923 256445 277366 27112 293335 47320 187710 58305 449653 179595 137581 132477 311021 277989 27709 5323 0 0 0 0 549131 494218 54913 162048 125196 27300 9552 0 0 0 0 45756 30377 9283 6096 424290 0 424290 0 0 0 0 0 1037195 933476 103719 0 0 0 0 0 FOOD SERVICE & MEALS 886021 821682 13132 51207 REPAIRS & REPLACEMENTS 299852 5139 294713 0 PROGRAM EXPENSES 219502 205818 6326 7358 BAD DEBT 231969 0 17719 214250 132592 3046 115915 13631 15039993 9604721 4352917 1082355 1420 1420 3910601 3672717 1507453 1194305 88184 56108 0 0 0 0 0 0 183540 241462 74460 120360 40269242 16937677 23826490 23331565 19095489 20579252 1703037 1503399 0 0 0 0 494643 434520 50885317 51135108 1271846 1262479 0 0 263832 303074 10095000 8630250 0 0 0 0 120000 96000 0 0 723135 918464 12473813 11210267 X 8972264 9967601 7854866 6224230 21584374 23733010 38411504 39924841 50885317 51135108 X 1439894 -180680 0 0 0 254123 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 19655407 2181852 -9780 227387 179238 117029 21303825 20299302 174972 13063 399221 321429 111280 19655407 18590322 257417 2091420 266122 284443 89292 20299302 16816451 611137 1627903 139388 242157 83624 18590322 17534080 799597 -869989 178323 358412 110502 16816451 0 1 0 0 0 0 217476 217476 0 33922239 13947655 19974584 0 0 0 0 0 2054505 1417905 636600 0 4075022 1572117 2502905 23331565 0 ADVANCES & DEPOSITS 918464 918464 X 14081623 -180681 0 0 -2100554 -2281235 16362858 117029 0 117029 16479887 12695972 0 0 0 -2100554 -2100554 14796526 117029 126438 243467 15039993 Schedule D, Part V, Line 4 Endowed 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 X, Line 2 Student pre-paid tuition, $858,064; Student service deposits, $54,300; and residential fees & deposits, $6,100 Schedule D, Part XI, Line 2d Scholarships, financial statement decreased revenue by $2,100,554 Schedule D, Part XII, Line 2d Scholarships; financial statement decreased revenue by $2,100,554 Schedule D, Part XII, Line 4b Officer (HOS & CFO) housing & utility benefit of $126,438. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 Schedule E, Part I, Line 3 The 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 education, admission, financial aid, athletic and other policies and programs. The School 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 and regional magazines, on admission materials, in the School's biannual magazine, and on the School's website. X X X X X X 1 Ruffalo Noel Levitz LLC PO Box 3018 Cedar Rapids IA 52406 Phone solicitations for Annual Fund 0 76534 28199 48335 76534 28199 48335 1 Scholarship - Merit Based 14 248000 0 Scholarship - Need Based 83 1796304 0 Tuition Remission 3 56250 0 Schedule I, Part I, Line 2 Merit Based Scholarship: limited merit aid opportunities to students who have demonstrated high academic achievement, exemplary leadership, and strong citizenship within the community. In order to be eligible for merit aid, students must meet all priority application deadlines and be in the top tier of the admission pool. Merit awards vary in amounts and requirements. Merit aid is renewed each year if the recipient earns a weighted 3.0 or higher GPA and remains in good standing at Saint Mary's School. Need Based Scholarship: is given to students with a demonstrated need who would not otherwise have been able to afford Saint Mary's School. All need-based financial aid awards are reviewed annually. Applicants and returning students who are interested in need-based financial aid must apply each year with current financial information by the published deadlines. Tuition Remission: for the daughters and stepdaughters of all benefitted employees of the School for 50% of the tuition charges at Saint Mary's School. X X 1 1 X X X 0 1 0 0 0 0 0 0 0 Monica Gillespie Head of School 272979 0 0 0 27883 0 30250 0 75433 0 406545 0 0 0 Sarah H Woods Chief Financial Officer 133613 0 0 0 361 0 6848 0 34112 0 174934 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. Her residence is used for many school functions in addition to serving as her personal residence. Schedule J, Part I, Line 4 4b Monica Gillespie, Head of School, participated in 457(f) plan in the amount of $17,000 A NC Capital Facilities Finance Agency 561592154 65819GCZ9 2006-09-20 18000000 Constructions, renovation & equipping of Smedes Hall Dormitory and student center; infrastructure; n 0 0 0 A 9369750 0 18928988 0 0 0 144846 0 0 18784142 0 0 2008 0 0 1 1 A 0 0 0 0 0 0 0 0 0 1 A 1 1 1 First Citizens Bank & Trust 15 0 0 0 0 0 A 0 John Gillespie Spouse of Head of School 52000 Employee of the School 0 X 1637 Donor valued X 38 1131605 FMV X Jewelry, SMS Class Ring 12 5400 Donor Valued X Catering for School Event 2 5000 Donor Valued X Rose bushes & installation 2 2080 Donor Valued X Cannon Camcorder 1 1227 Donor Valued X Framed Scarf of Smedes Hall 1 150 Donor Valued X Gift cards 1 44 Face value 0 0 1 0 Form 990, Part VI, Section A, Line 8b Board of Trustee meetings are documented through minutes taken; minutes are not taken for the individual committee meetings. Form 990, Part VI, Section B, Line 11b Completed form 990 was electronically provided to the Board of Trustees for their review. The Finance Committee had discussion at their committee meeting in April 2017. The return was edited per comments received. The Finance Committee brought a recommendation to the Board of Trustees for Submission of the Form 990 which was approved. Form 990, Part VI, Section B, Line 12c BOT members annually sign a Conflict of Interest Policy document and discuss conflict 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 which results in recommendations presented to the Board of Trustees for their approval. The most recent position for which this process was done was the Head of School, in Spring 2012, with an effective date of July 1, 2012. 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 Board of Trustees is available to the public on the School's web site. Form 990, Part XI, Line 9 Unrealized gain on cash flow hedge, $127,686 and additional expenses of Officer benefits $126,437