2016-05-06T10:57:31-07:00 2015-06-30 990 2014-07-01 560532314 SAINT MARYS SCHOOL SAIN 9194244125 900 Hillsborough Street Raleigh NC 27603 Monica Gillespie Head of School 9194244123 2016-05-06 2014 2016-08-17 19:52:53Z Monica Gillespie 900 Hillsborough Street Raleigh NC 27603 23672620 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. 25 25 218 400 173952 13420 4088091 3189315 9399692 10118304 1339510 503371 74846 60866 14902139 13871856 1798360 2010000 0 0 6256110 6694852 22872 28321 749941 5064252 5581329 13141594 14314502 1760545 -442646 51865425 50885317 13095981 12473813 38769444 38411504 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 8295471 2010000 6555030 Educational activities and related academic support and aid for 271 students. 1239553 0 3563274 Saint Mary's provides provides a boarding program for students and faculty and other auxiliary services to further academic achievement. 0 0 0 9535024 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 1 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 85 0 1 218 1 1 1 0 0 0 0 1 1 0 0 0 0 X 25 25 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 1 1 0 X Saint Mary's School Sarah H Woods 9194244123 900 Hillsborough Street Raleigh NC 27603 Theodore D Bratton Chair 4.50 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 Lane Turner Nash Trustee 0.75 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 Eric W Evans Trustee 1.13 0 X 0 0 0 Caren Threshie Camp Trustee 0.75 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 Carter Warren Franke Trustee 0.94 0 X 0 0 0 Hubert B Haywood Trustee 0.75 0 X 0 0 0 Kenneth B Howard Trustee 1.13 0 X 0 0 0 Elizabeth Pitts Trustee 0.94 0 X 0 0 0 Gray Clark Stoughton Trustee 0.75 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 Scott Mahoney Trustee 0.75 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 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 0.75 0 X 0 0 0 Monica Gillespie Head of School 40 0 X 300926 0 88140 Sarah H Woods Director of Finance 40 0 X 111009 0 11308 Kim Slade Director of Admission 40 0 X 104444 0 9427 Abigail Johnston Director of Development 40 0 X 102124 0 11196 618503 0 120071 4 1 1 0 Brock and Company Inc 257 Great Valley Parkway Malvern PA 19355 Food Service 745091 MBS Direct LLC PO Box 617 Columbia MO 65205 Textbooks 210246 CDW Government Inc 75 Remittance Dr Suite 1515 Chicago IL 60675 Computer Equipment 203739 Lenovo Financial Services 25578 Network Place Chicago IL 60673 Lease PC tablets 189256 Newcomb & Company PO Box 58010 Raleigh NC 27658 Heating and Air Conditioning Services 121283 8 0 0 95766 0 0 3093549 594084 3189315 Tuitions & Fees 900099 6555030 6555030 0 0 Housing 900099 1790395 1790395 0 0 Food Service 900099 1193596 1193596 0 0 Student store 900099 111107 111012 0 95 Sports/Other Camps 900099 268950 94998 173952 0 199226 199226 0 0 10118304 383334 0 0 383334 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 9827583 0 9707546 0 120037 0 120037 0 0 120037 154084 95766 93218 60866 0 60866 0 13871856 9944257 173952 564332 0 0 2010000 2010000 0 0 0 0 500359 0 500359 0 0 0 0 0 5035696 3357179 1326167 352350 191200 147841 28575 14784 581897 385810 142667 53420 385700 246680 116660 22360 0 0 0 0 4496 1798 2698 0 82428 32971 49457 0 0 0 0 0 28321 28321 111280 0 111280 0 440540 180796 253687 6057 193411 40031 152208 1172 405521 185615 153972 65934 388535 346797 34685 7053 0 0 0 0 541937 487758 54179 0 156733 114081 37274 5378 0 0 0 0 54230 35567 14675 3988 431251 0 431251 0 0 0 0 0 1055121 949609 105512 0 0 0 0 0 FOOD SERVICE 797430 747188 19021 31221 REPAIRS AND REPLACEMENTS 263295 2118 261177 0 PROGRAM EXPENSES 277882 262905 8109 6868 BLDG AND GROUNDS MAINTENANCE 199197 216 198981 0 178042 64 26943 151035 14314502 9535024 4029537 749941 1420 1420 3278026 3910601 1890288 1507453 104368 88184 0 0 0 64327 183540 93856 74460 39903781 16077291 24351578 23826490 19688743 19095489 1711730 1703037 0 0 681089 494643 51865425 50885317 1321238 1271846 0 275347 263832 10825000 10095000 0 0 142000 120000 0 532396 723135 13095981 12473813 X 9139831 8972264 8148798 7854866 21480815 21584374 38769444 38411504 51865425 50885317 X -442646 -90619 0 0 0 175325 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 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 14906568 1216998 1785440 52021 176955 145950 17534080 0 1 0 0 0 0 217476 217476 0 33666254 13237540 20428714 0 0 0 0 0 1994706 1345757 648949 0 4025345 1493994 2531351 23826490 Advances and Deposits 723135 723135 11753176 -90619 0 0 -2010000 -2100619 13853795 111280 -93219 18061 13871856 12234768 0 0 0 -2010000 -2010000 14244768 111280 -41546 69734 14314502 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 XI, Line 2d Scholarships, financial statement decreased revenue by -$2,010,000 Schedule D, Part XI, Line 4b Auction expenses - $93,219 Schedule D, Part XII, Line 2d Scholarships, financial statement nets against revenue by -$2,010,000 Schedule D, Part XII, Line 4b Auction Expenses - $93,219 plus HOS housing and utility expense of $51,673 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 nondiscriminatory policy statement is: "Saint Mary's School is an independent, college preparatory, day and boarding school for girls in grades 9 - 12. We admit girls of any race, color, religion or national or ethnic origin." The statement is included on multiple admission materials, invitations to visitation days 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 75258 28321 46937 75258 28321 46937 Auction 249850 95766 154084 5000 8820 14286 30596 0 34516 0 0 249850 95766 154084 5000 8820 14286 30596 0 34516 93218 60866 1 Scholarship - Merit Based 7 215100 0 Scholarship - Need Based 84 1753100 0 Tuition Remission 4 41800 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 0 0 0 0 0 0 0 0 Monica Gillespie Head of School 269136 0 0 0 31790 0 30667 0 57473 0 389066 0 0 0 Abigail Johnston Director of Development 102055 0 0 0 70 0 5383 0 5814 0 113322 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. 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 7905000 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 Wells Fargo 15 0 0 0 0 0 A 0 X 53 573857 FMV X Athletic and exercise equipment 2 13950 Donor valued X Custom frames (7) 30" x 40" 1 2000 Donor valued X Yamaha Clavinova 88-key with sustaining pedal 1 1400 Donor valued X Catering for School event, miscellaneous 4 2877 Donor valued 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 2016. 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, $123,652 and additional expenses of HOS benefits $51,673