2016-11-11T12:00:25-06:00 2016-06-30 420714325 RSM US LLP 80 CITY SQUARE BOSTON MA 021293742 990 2015-07-01 020222227 ST PAUL'S SCHOOL STPA 6032294737 325 PLEASANT STREET CONCORD NH 03301 MICHELLE L CHICOINE CFO 6032294737 2016-11-11 1 JAMES SWEENEY P01263012 6179129000 2015 2017-02-10 21:41:12Z MICHAEL G HIRSCHFELD 325 PLEASANT STREET CONCORD NH 03301 346197155 0 X WWW.SPS.EDU X 1856 NH ST. PAUL'S SCHOOL IS A COEDUCATIONAL FULLY RESIDENTIAL SCHOOL. (SEE SCHEDULE O)ST. PAUL'S SCHOOL IS A COEDUCATIONAL FULLY RESIDENTIAL SCHOOL FOR GRADES 9 THROUGH 12, FOUNDED IN 1856 AS A PLACE FOR HUMANE BUT RIGOROUS EDUCATION WITHIN A SETTING OF GREAT NATURAL BEAUTY. THE SCHOOL IS LOCATED IN CONCORD, NH, ON A BUCOLIC CAMPUS CONSISTING OF WOODLAND, FIELDS, AND PONDS AND IS HOME TO APPROXIMATELY 535 STUDENTS AND 116 FACULTY MEMBERS. 30 29 510 29 341256 295138 18622849 19948422 29852471 31365208 24271458 6424639 761182 715918 73507960 58454187 9173915 10616269 0 0 28063389 27727662 0 0 4117680 21680599 23292341 58917903 61636272 14590057 -3182085 811860617 796184388 79604524 88051993 732256093 708132395 X BELIEVING THAT EDUCATION IS LIFELONG AND CONTINUES BEYOND THE CLASSROOM, ST. PAUL'S SCHOOL INVITES A DIVERSE GROUP OF APPROXIMATELY 535 STUDENTS AND 330 FACULTY AND STAFF MEMBERS TO CREATE AN EXTENDED FAMILY WHICH RESPECTS (SEE SCHEDULE O FOR CONTINUATION) AND NURTURES INDIVIDUAL TALENT, PERSONAL FREEDOM, AND RESPONSIBILITY, INTELLECTUAL CURIOSITY AND PUBLIC SERVICE. STUDENTS ARE ENCOURAGED TO SEEK THE HIGHEST STANDARDS OF SCHOLASTIC, ARTISTIC AND PHYSICAL ACHIEVEMENT THROUGH AN INTEGRATED CURRICULUM. 0 0 52736779 10427499 30349138 ST. PAUL'S SCHOOL'S PRIMARY PROGRAM SERVICE IS THE EDUCATION OF STUDENTS IN GRADES 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. 1261343 188770 1074989 ST. PAUL'S SCHOOL FOUNDED THE ADVANCED STUDIES PROGRAM (ASP) IN 1958 TO PROVIDE TALENTED NEW HAMPSHIRE PUBLIC AND PAROCHIAL HIGH SCHOOL RISING SENIORS WITH CHALLENGING EDUCATIONAL OPPORTUNITIES OTHERWISE UNAVAILABLE TO THEM. EACH SUMMER, APPROXIMATELY 260 YOUNG MEN AND WOMEN LIVE ON THE ST. PAUL'S SCHOOL 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. 53998122 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 1 0 0 0 1 0 0 0 1 1 1 0 0 0 1 X 285 0 1 510 1 1 0 0 0 0 0 0 0 0 0 0 X 30 29 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NH X X HOLLY W PRATT CONTROLLER 6032294634 325 PLEASANT STREET CONCORD NH 03301 DR LAUREL D ABBRUZZESE TRUSTEE 3.00 X 0 0 0 MR DOUGLAS S ASANO TRUSTEE 3.00 X 0 0 0 MR S WARD ATTERBURY TRUSTEE 3.00 X 0 0 0 MR MATTHEW BAIRD TRUSTEE 3.00 X 0 0 0 MR R RICHARD BANKS TRUSTEE 3.00 X 0 0 0 MR REX W BATES TRUSTEE 3.00 X 0 0 0 MR E PEROT BISSELL IV TRUSTEE 3.00 X 0 0 0 MRS EMILY L BOGLE CLERK 3.00 X 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 HYUN-JOON CHO TRUSTEE 3.00 X 0 0 0 MR ARCHIBALD COX JR TRUSTEE 3.00 X 0 0 0 MR JAMES A DIAMOND TRUSTEE 3.00 X 0 0 0 MRS BRIDGET FAWCETT TRUSTEE 3.00 X 0 0 0 MR JAMES M FRATES TREASURER 3.00 X X 0 0 0 MS CATHERINE A GELLERT TRUSTEE 3.00 X 0 0 0 MS LUCY C HODDER TRUSTEE 3.00 X 0 0 0 MR JAMES DEK HOUGHTON TRUSTEE 3.00 X 0 0 0 MR SOLOMON J KUMIN TRUSTEE 3.00 X 0 0 0 MS NOELLE KWOK TRUSTEE 3.00 X 0 0 0 MR WILLIAM LAVERACK JR TRUSTEE 3.00 X 0 0 0 MR JOHN A LECHNER TRUSTEE 3.00 X 0 0 0 MS JANICE YK LEE TRUSTEE 3.00 X 0 0 0 MR VICTOR M LOPEZ-BALBOA TRUSTEE 3.00 X 0 0 0 MR ERIC M RUTTENBERG TRUSTEE 3.00 X 0 0 0 MS THEODORA DELAND WALTON TRUSTEE 3.00 X 0 0 0 MR JAMES M WATERBURY JR PRESIDENT 3.00 X X 0 0 0 MR REEVE B WAUD TRUSTEE 3.00 X 0 0 0 MR VICTOR C YOUNG TRUSTEE 3.00 X 0 0 0 MICHAEL G HIRSCHFELD RECTOR 60.00 X X 393163 0 159283 MICHELLE L CHICOINE VR FOR OPERATIONS & FINANCE 50.00 X 294384 0 64302 WILLIAM L KISSICK DIRECTOR OF DEVELOPMENT 50.00 X 227995 0 41003 DR JOHN C BASSI MEDICAL DIRECTOR 50.00 X 194935 0 155860 JADA L HEBRA VICE RECTOR FOR SCHOOL LIFE 50.00 X 160632 0 129195 WILLIAM F MITCHELL DIRECTOR OF LEADERSHIP GIFTS 50.00 X 153550 0 123781 ROBERT H RETTEW EXECUTIVE DIRECTOR ALUMNI ASSOC. DEV. 50.00 X 136971 0 36025 LAWRENCE A SMITH DEAN OF CURRICULUM & TEACHING 50.00 X 135543 0 60280 1697173 0 769729 21 0 1 0 ANN BEHA ARCHITECTS INC 33 KINGSTON STREET BOSTON MA 02111 ARCHITECT 579899 MCLANE MIDDLETON PROFESSIONAL ASSOCIATE PO BOX 326 MANCHESTER NH 03105 ATTORNEY 389305 CAMBRIDGE ASSOCIATES INC 100 SUMMER ST BOSTON MA 021102112 INVESTMENT CONSULTANT 312619 KALLMANN MCKINNELL & WOOD 181 NEWBURY STREET BOSTON MA 02116 ARCHITECT 208034 BANK OF NEW YORKMELLON 135 SANTILLI HIGHWAY EVERETT MA 02149 INVESTMENT CUSTODIAN 128607 6 19948422 1087142 19948422 TUITION & FEES 611710 31365208 31365208 31365208 1972475 1972475 12700 0 12700 12700 12700 291973016 23913 287531137 13628 4441879 10285 4452164 341256 4110908 215611 198203 17408 17408 CHILDREN'S LEARNING CT 624410 626891 626891 MISCELLANEOUS REVENUE 900099 58919 58919 685810 58454187 31424127 341256 6740382 10616269 10616269 1074992 461535 234289 379168 19160281 16469372 901254 1789655 2450941 2076666 131493 242782 3631471 3068561 195459 367451 1409977 1192399 74792 142786 483470 483470 107575 107575 795541 795541 351078 100100 250978 266162 192128 12367 61667 583153 207042 67445 308666 698364 590550 83677 24137 4597785 4552066 20072 25647 746719 559646 18395 168678 47088 34391 11744 953 2315770 2234974 16159 64637 7095527 6739999 71106 284422 792050 738341 15746 37963 SUPPLIES FOR PROGRAMS 1961481 1961481 EDU SUPPORT FOR PROGRAM 1393904 1393904 ENTERTAINMENT/SPEC EVNT 757233 544740 15602 196891 DUES AND MEMBERSHIPS 299441 263958 13306 22177 61636272 53998122 3520470 4117680 2907200 3053196 1873847 3112675 25951513 26235453 274466 225595 2172806 1524784 270907098 79221770 187114642 191685328 82305716 84590041 499623439 476346453 9636988 9410863 811860617 796184388 5058063 5516393 60462487 65807586 14083974 16728014 79604524 88051993 X 279254327 266348797 276397032 262895375 176604734 178888223 732256093 708132395 811860617 796184388 X -3182085 -17782658 -3158955 X 0 1 X 1 0 X 11739844 23155197 25178608 18622849 19948422 98644920 11739844 23155197 25178608 18622849 19948422 98644920 5988578 92656342 1991458 1937404 2052351 2309655 1985175 10276043 902442 1276234 491301 542271 296138 3508386 112429349 149999457 0.82410 0.82810 X PART I, REASON FOR PUBLIC CHARITY STATUS: THE SCHOOL HISTORICALLY HAS USED THE GREATER THAN $5,000 OR 2% RULE IN REPORTING CONTRIBUTORS IN COMPLIANCE WITH THE SCHEDULE B INSTRUCTIONS. DUE TO THE BROAD NATURE OF SUPPORT, THE SCHOOL MEETS THE PUBLIC SUPPORT TEST UNDER CURRENT GUIDANCE (AS DISCLOSED IN PART II) AND THEREFORE QUALIFIES FOR THE SPECIAL RULE UNDER SECTION 509(A)(1) FOR SCHEDULE B REPORTING. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 14863 14863 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. ST. PAUL'S SCHOOL ALSO PAID RATH, YOUNG AND PIGNATELLI FOR LEGAL SERVICES REGARDING LEGISLATIVE ISSUES AS PART OF A GROUP OF NEW HAMPSHIRE INDEPENDENT SCHOOLS. TOTAL DUES AND FEES PAID TO THESE TYPES OF ORGANIZATIONS WAS $14,863 IN FISCAL YEAR 2016. THE PORTION OF DUES AND FEES ALLOCATED TO LOBBYING ACTIVITIES IS NOT DETERMINABLE. 1 0 288583 5292306 0 0 573605841 11137807 -11950383 4530640 18190315 791005 549281305 551965235 22888985 20447416 4187815 17053370 454610 573605841 483836757 20006809 68273408 3952558 15783872 415309 551965235 432930343 11684799 58407783 3684190 15038489 463489 483836757 440968798 10001733 -102251 3421917 14125000 391020 432930343 0.29000 0.71000 0.00000 1 0 4697490 4697490 227234645 61347851 165886794 25976482 14593721 11382761 12998481 3280198 9718283 191685328 US EQUITY 74683061 F INTERNATIONAL EQUITY 109785771 F MARKETABLE ALTERNATIVES 197526216 F NON-MARKETABLE ALTERNATIVES 60752938 F INFLATION HEDGING 33598467 F 476346453 ADVANCE DEPOSITS 2698124 LIABILITIES UNDER SPLIT INTEREST AGREEMENTS 3125403 INTEREST RATE SWAP AGREEMENT 10904487 16728014 X 51382527 -17782658 11139686 -6642972 58025499 428688 428688 58454187 75506225 25908654 25908654 49597571 795541 11243160 12038701 61636272 PART I, LINE 5 & 6: THE SCHOOL HAS NO DONOR ADVISED FUNDS. 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 2013. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID: -10,616,269 SPENDING POLICY: 22,720,955 ACTUARIAL ADJUSTMENT: -169,459 INVESTMENT FEES: -795,541 TOTAL: $11,139,686 PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD: -198,203 CHILDREN'S LEARNING CENTER REVENUE: 626,891 TOTAL: $428,688 PART XII, LINE 2D - OTHER ADJUSTMENTS: SPENDING POLICY: 22,720,955 COST OF GOODS SOLD: 198,203 UNREALIZED LOSS ON INTEREST RATE SWAP: 2,989,496 TOTAL: $25,908,654 PART XII, LINE 4B - OTHER ADJUSTMENTS: CHILDREN'S LEARNING CENTER EXPENSES: 626,891 FINANCIAL AID: 10,616,269 TOTAL: $11,243,160 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. EAST ASIA AND THE PACIFIC FUNDRAISING N/A 42000 EUROPE FUNDRAISING N/A 13500 NORTH AMERICA FUNDRAISING N/A 1000 CENTRAL AMERICA & THE CARIBBEAN PROGRAM SERVICES PROGRAM SERVICES (SEE PART V) 35000 EAST ASIA AND THE PACIFIC PROGRAM SERVICES PROGRAM SERVICES (SEE PART V) 38000 EUROPE PROGRAM SERVICES PROGRAM SERVICES (SEE PART V) 60000 NORTH AMERICA PROGRAM SERVICES PROGRAM SERVICES(SEE PART V) 5000 CENTRAL AMERICA & THE CARIBBEAN INVESTMENTS N/A 226953000 EUROPE INVESTMENTS N/A 4538000 0 0 0 0 0 0 227147500 4538000 231685500 1 0 1 1 1 0 PART I, LINE 3, COLUMN(E): REGIONS: CENTRAL AMERICAN AND THE CARIBBEAN, 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 209 10616269 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 1 1 0 0 0 0 0 0 0 MICHAEL G HIRSCHFELD RECTOR 375573 0 0 0 17590 0 51800 0 107483 0 552446 0 0 0 MICHELLE L CHICOINE VR FOR OPERATIONS & FINANCE 291626 0 0 0 2758 0 31800 0 32502 0 358686 0 0 0 WILLIAM L KISSICK DIRECTOR OF DEVELOPMENT 227737 0 0 0 258 0 27854 0 13149 0 268998 0 0 0 DR JOHN C BASSI MEDICAL DIRECTOR 192435 0 0 0 2500 0 23512 0 132348 0 350795 0 0 0 JADA L HEBRA VICE RECTOR FOR SCHOOL LIFE 160542 0 0 0 90 0 20730 0 108465 0 289827 0 0 0 WILLIAM F MITCHELL DIRECTOR OF LEADERSHIP GIFTS 150960 0 0 0 2590 0 18896 0 104885 0 277331 0 0 0 ROBERT H RETTEW EXECUTIVE DIRECTOR ALUMNI ASSOC. DEV 61656 0 0 0 75315 0 7723 0 28302 0 172996 0 0 0 LAWRENCE A SMITH DEAN OF CURRICULUM & TEACHING 135174 0 0 0 369 0 16609 0 43671 0 195823 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 MICHAEL G. HIRSCHFELD 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: - MR. MICHAEL G. HIRSCHFELD - $28,800 - MS. MICHELLE L. CHICOINE - $28,800 - DR. JOHN C. BASSI - $28,800 - MS. JADA L. HEBRA - $28,800 - MR. LAWRENCE A. SMITH - $28,800 - MR. ROBERT H. RETTEW - $14,400 PART I, LINES 4A-B MR. ROBERT H. RETTEW RECEIVED A SEVERANCE PAYMENT OF $75,100 ON JULY 9, 2015. THE AMOUNT IS OUTLINED IN A SEPARATION AND RETIREMENT AGREEMENT APPROVED BY THE RECTOR AND CFO. MR. MICHAEL G. HIRSCHFELD PARTICIPATES IN THE SCHOOL'S SECTION 457(F) NONQUALIFIED RETIREMENT PLAN. THE BOARD OF TRUSTEE'S APPROVED AN ANNUAL CONTRIBUTION OF $20,000 FOR THE FISCAL YEARS, 2015, 2016 AND 2017. PAYMENT OF ACCRUED BENEFITS WILL BE MADE SUBSEQUENT TO REACHING A VESTING DATE OF JUNE 30, 2017. 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 8887325 2992675 2016 0 0 0 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 1 0 0 0 0 1 NATIXIS FUNDING CORP 1.166666700000 1 0 1 B 0 1 0 0 0 0 0 0 1 A 0 B 0 SCHEDULE K, PART I, A AND B COLUMN (F): CONSTRUCTION AND/OR RENOVATION OF SCHOOL FACILITIES 40485 SEE PART V PART III, GRANTS OR ASSISTANCE BENEFITING INTERESTED PERSONS (C) AMOUNT OF GRANT: $40,485(D) TYPE OF ASSISTANCE: NEED BASED SCHOLARSHIP(E) PURPOSE OF ASSISTANCE: SCHOLARSHIP X 121 1085882 MARKET VALUE X JIGSAW PUZZLES 12 1260 MARKET VALUE 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, 2016. 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 11 THE FORM 990 WAS PREPARED BY THE SCHOOL'S CONTROLLER AND REVIEWED BY THE CHIEF FINANCIAL OFFICER AS WELL AS THE SCHOOL'S OUTSIDE TAX FIRM 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 ALL 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, THE RECTOR'S EMPLOYMENT CONTRACT. 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 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: UNREALIZED LOSS ON INTEREST RATE SWAP -2,989,496. ACTUARIAL ADJUSTMENT -169,459. 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 387149 5292306 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 0