2016-05-12T08:10:23-05:00 2015-06-30 510232475 Cover & Rossiter PA 62 Rockford Road Wilmington DE 198061004 990 2014-07-01 510079506 St Andrew's School Of Delaware Inc STAN 3023789511 350 Noxontown Road Middletown DE 197091621 Diane Winiarczyk CFO 3023789511 2016-05-11 1 Peter Kennedy P00571422 3026566632 2016-05-11 2014 2016-08-17 19:52:53Z Diane Winiarczyk 350 Noxontown Road Middletown DE 197091621 54625070 0 X www.standrews-de.org X 1929 DE St. Andrew's School is a coed boarding school, grades 9 through 12. 29 28 229 0 0 -384705 5435322 3625575 15355575 16039963 4382408 12302904 63675 92503 25236980 32060945 5417659 5723460 0 0 11011529 12099026 0 6500 1517415 8657709 8704488 25086897 26533474 150083 5527471 326840750 321262910 46556529 46495291 280284221 274767619 X The School's mission is to provide secondary education of a definitely Christian character at a minimum cost consistent with modern equipment and highest standards. St. Andrew's School is a coed boarding school of students and faculty who live on a pristine 2,200-acre campus, learning together and collaborating to pursue their passions in academics, athletics, service, and the arts. 0 0 21284054 5723460 16079342 The School is a coed boarding school, grades 9 through 12, providing a secondary education of a definitely Christian character in an entirely residential program. During fiscal year 14/15, the School enrolled 297 students & graduated 69, of whom all enrolled in college or university. 21284054 1 1 0 0 0 0 0 0 0 1 1 1 1 1 1 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 56 0 1 229 1 1 1 1 CJ UK 0 0 0 0 0 0 0 0 X 29 28 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X Diane Winiarczyk 3023789511 350 Noxontown Road Middletown DE 19709 Katharine du Pont Gahagan Chair Emerita 5.00 X X 0 0 0 J Kent Sweezey Chair 10.00 X X 0 0 0 Scott M Sipprelle Vice Chair 10.00 X X 0 0 0 Caroline du Pont Prickett Secretary/Treasurer 10.00 X X 0 0 0 John P N Austin Trustee 5.00 X 0 0 0 Sarah F Belk Parent Trustee 5.00 X 0 0 0 Elizabeth Kirkland Cahill Trustee 5.00 X 0 0 0 Ashish Dhawan Parent Trustee 5.00 X 0 0 0 Anne T Egan Parent Trustee 5.00 X 0 0 0 Ari K Ellis Trustee 5.00 X 0 0 0 Michael J Evans Trustee 5.00 X 0 0 0 Robert F Fogelman II Trustee 10.00 X 0 0 0 Sabina B Forbes Trustee 5.00 X 0 0 0 W Hoyt Gahagan Trustee 5.00 X 0 0 0 Monie T Hardwick Trustee 10.00 X 0 0 0 Paul H Harrell Jr Trustee 5.00 X 0 0 0 Alexander P Lynch Trustee 5.00 X 0 0 0 F John Matouk Trustee 5.00 X 0 0 0 L Heather Mitchell Trustee 5.00 X 0 0 0 Sally E Pingree Trustee 5.00 X 0 0 0 Henry du Pont Ridgely Trustee 5.00 X 0 0 0 Daniel T Roach Jr Headmaster 65.00 X X 375152 0 105343 Andrea Sin Parent Trustee 5.00 X 0 0 0 George B Smith Pres. Alumni Assn 5.00 X 0 0 0 Edward M Strong Trustee 5.00 X 0 0 0 Alexander D Stuart Trustee 5.00 X 0 0 0 Richard B Vaughan Trustee 10.00 X 0 0 0 Michael D Warner Trustee 5.00 X 0 0 0 Rev Wayne P Wright Bishop of Delaware 5.00 X 0 0 0 William H Brownlee Trustee Emeritus 5.00 X 0 0 0 Francis Giammattei Jr Trustee Emeritus 5.00 X 0 0 0 Maureen K Harrington Trustee Emerita 5.00 X 0 0 0 Henry N Herndon Jr Trustee Emeritus 5.00 X 0 0 0 Thomas H Hooper III Trustee Emeritus 5.00 X 0 0 0 Timothy W Peters Trustee Emeritus 5.00 X 0 0 0 Steven B Pfeiffer Trustee Emeritus 5.00 X 0 0 0 H Hickman Rowland Jr Trustee Emeritus 5.00 X 0 0 0 Henry H Silliman Jr Trustee Emeritus 5.00 X 0 0 0 Diane L Winiarczyk CFO 60.00 X 158977 0 127093 William Speers Dean of Faculty 50.00 X 127448 0 27423 Gordon Brownlee Dir of Advancement 50.00 X 131465 0 27513 Louisa Zendt Dir of Admissions 50.00 X 121432 0 25353 Katherine Fritz Director of College Counseling 50.00 X 100482 0 40613 1014956 0 353338 6 0 1 0 Nowland Associates 2009 Ogletown Road Newark DE 19711 Construction 1730133 Voith & Mactavish Architects 2401 Walnut Street 6th Floor Philadelphia PA 19103 Architect 223407 Prime Buchholz & Associates Inc PO Box 16011 Lewiston ME 04243 Financial Services 146103 Tim O'Connell & Sons Inc 2 Meco Circle Wilmington DE 19804 General Contractor 118718 4 3625575 156524 3625575 TUITION 611600 15943000 15943000 STUDENT FEES 611600 131333 131333 AUXILIARY SERVICES 611600 -34370 -34370 16039963 3467918 3467918 126260 65973 60287 60287 60287 31205352 22370366 8834986 8834986 8834986 120623 127786 -7163 -7163 OTHER REVENUE 611600 39379 39379 39379 32060945 16079342 0 12356028 5723460 5723460 776075 476287 299788 8072270 6616426 580362 875482 1260041 1010032 125337 124672 1347229 1202498 8335 136396 643411 515750 64000 63661 30140 30140 57680 57680 6500 6500 278320 278320 203080 155430 47650 1175 1175 362088 278638 39942 43508 266396 128518 121131 16747 982097 799448 182649 226979 152266 4318 70395 70455 49883 10045 10527 1562024 1562024 43413 43413 REPAIRS & MAINTENANCE 1598232 1558520 39712 FOOD SERVICE COSTS 1335443 1335443 EQUIPMENT ACQUISITIONS 375668 368929 6739 PRINTING AND PUBLICATIO 195314 62232 60557 72525 1115984 850294 169863 95827 26533474 21284054 3732005 1517415 4038252 3300995 2214050 1380053 303660 242709 92670 111999 1639452 1621132 122803515 0 121067139 122803515 143432447 138725983 51162126 50444634 1426522 1426522 1464432 1205368 326840750 321262910 1227788 1322990 39187226 39166132 6141515 6006169 46556529 46495291 X 225048876 220234456 6991887 5401983 48243458 49131180 280284221 274767619 326840750 321262910 X 5527471 -10923570 -120503 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 198346605 916941 1257775 8217696 192303625 182934698 920529 25061441 10570063 198346605 167987654 5210903 17576980 7840839 182934698 177267986 1877322 -2348121 8809533 167987654 157556084 4177159 24011555 8476812 177267986 0.72260 0.25550 0.02190 0 0 8028754 8028754 114300403 114300403 474358 474358 122803515 HEDGE FUNDS AND PRIVATE EQUITY - LEVEL 3 VALUATIONS 50444634 F 50444634 LAND HELD FOR INVESTMENT 1426522 C 1426522 CHARITABLE REMAINDER TRUSTS 995031 CSV - LIFE INSURANCE POLICIES 210337 1205368 STUDENT TUITION DEPOSITS 1758198 DEFERRED INCOME 223222 CHARITABLE REMAINDER TRUST 120456 RETIREE INSURANCE OBLIGATION 579887 UNDERFUNDED PENSION LIABILITY 2658966 LIABILITY ON INTEREST RATE SWAP AGREEMENT 665440 6006169 X 28691749 -10923570 7588998 -3334572 32026321 34624 34624 32060945 34208351 7854588 7854588 26353763 179711 179711 26533474 Part V, Line 4: The School's endowment fund supports scholarships and operation of the education program. Part X, Line 2: Line 2: The School has adopted the provisions of FASB ASC 740-10-50, Accounting for Uncertainty in Income Taxes. Management continually evaluates uncertain tax positions and expiring statutes of limitations, audits, proposed settlements, changes in tax law and new authoritative rulings, as applicable. Management's evaluation is that there is no income tax liability. This evaluation is based on settled and established positions within the Internal Revenue Code and management believes there is no significant uncertainty related to its evaluation. Part XI, Line 2d - Other Adjustments: Endowment draw 7,542,474. Credit card and bank fees 29,660. School Store (net) 7,163. Endowment difference 8,110. Miscellaneous 1,591. Part XI, Line 4b - Other Adjustments: Auxiliary program income 34,370. Rodney Point income 200. Miscellaneous 54. Part XII, Line 2d - Other Adjustments: Endowment draw 7,542,474. Miscellaneous 3,181. Credit card and bank fees 29,660. Pension funding from endowment 264,000. School Store (net) 7,163. Endowment difference 8,110. Part XII, Line 4b - Other Adjustments: Rodney Point income 200. Auxiliary program income 34,370. Miscellaneous 1,645. Interest rate swap adjustment 143,496. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 Schedule E, Part I, Line 3 Admissions brochures; ADVIS (Association Of Delaware Valley Independent Schools) public information ad carried in numerous area newspapers Caribbean 0 0 Investment 78746563 Europe 0 0 Investment 5563491 0 0 0 0 0 0 84310054 0 84310054 0 0 0 0 1 0 Part I, line 3: FMV 1 SCHOLARSHIPS 142 5723460 FMV Part I, Line 2: Scholarship assistance is provided on the basis of need and applicants are evaluated by the School's Financial Aid Committee against established criteria. X X X 1 1 X X X 0 1 0 0 0 0 0 0 0 Daniel T Roach Jr Headmaster 375152 0 0 0 0 0 43500 0 67287 0 485939 0 0 0 Diane L Winiarczyk CFO 158977 0 0 0 0 0 17100 0 111688 0 287765 0 0 0 William Speers Dean of Faculty 127448 0 0 0 0 0 13730 0 16096 0 157274 0 0 0 Gordon Brownlee Dir of Advancement 131465 0 0 0 0 0 13820 0 15763 0 161048 0 0 0 Part I, Line 1a The School provides housing for the Headmaster and Associate Headmaster as a condition of employment. Both are considered to be key or highly compensated employees and as such are listed on the Form 990, Part VII. Part I, Line 4b The Headmaster, Daniel T. Roach, Jr. is a participant in a nonqualified Section 457 Plan. The School made a contribution of $17,500 during the year ended 6/30/15. A New Castle County Delaware 516000160 2008-12-23 9000000 Planned campus improvements and construction 0 0 0 B Delaware Economic Development Authority 510269736 246387PG3 2010-11-10 24262811 Refinance Series 2004 Bonds & a portion of Series 2008 Bonds 0 0 0 A 4000000 9000000 99633 8900367 2010 0 0 1 1 B 24262811 262811 24000000 2011 1 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 0 0 1 1 1 Bank of America 15.000000000000 0 0 0 0 1 B 0 0 0 1 0 0 NA 0 0 0 0 1 A 1 B 1 Date Rebate Computation Performed Issuer Name: New Castle County, Delaware Date the Rebate Computation was Performed: 06/30/2013 X 14 156524 Fair market value 0 1 1 Part I, Line 32b: The School uses a brokerage account with an unrelated financial institution to process non-cash contributions of stock. Form 990, Part VI, Section A, line 2 Some Trustees have a common family relationship. Form 990, Part VI, Section B, line 11 Form 990 is reviewed by the CFO, the Chair of Finance Committee and the President of the Board. It is then made available to all Board Members prior to filing. Form 990, Part VI, Section B, line 12c Trustees are required to annually sign conflict of interest statements and disclose any known or potential conflicts of interest in these statements. Form 990, Part VI, Section B, line 15 St. Andrew's School's Trustees are all independent of the School's paid employees. Annually, the Trustees will make compensation decisions for its employees with no input from the employees themselves. Employees are not present when votes on compensation decisions are held and those votes are formally documented in the meeting minutes within one week of the meeting. The Trustees' decisions are based on their extensive knowledge and experience with compensation practices of other comparable organizations. Form 990, Part VI, Section C, line 19 There currently exists no legal requirement to make governing documents, conflict of interest policies or audited financial statements publicly available. St. Andrew's School of DE, Inc. has never received a request for information of this type. If any requests for this information should be received, they would be evaluated by the Trustees on a case by case basis. In general, the Trustees believe that the information available on this form (the 2014 Form 990) would be more than sufficient to respond to most legitimate inquiries. Form 990, Part XI, line 9: Interest rate swap adjustment 143,497. Pension funding from endowment -264,000. Form 990, Part XI, Line 2c: The School has an Audit & Finance Committee that assumes responsibility for oversight of the financial statement audit and the selection of the independent auditors. St Anne's Episcopal School Inc 211 Silver Lake Road Middletown DE 19709 510404800 Educational Institution DE 501(c)(3) 509(a)(1) 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 St Anne's Episcopal School Inc J 1 CONTRACT AGREEMENT St Anne's Episcopal School Inc R 157420 FMV