2016-05-13T12:30:17-05:00 2015-06-30 540618213 HANTZMON WIEBEL LLP CPA'S 818 E JEFFERSON ST PO BOX 1408 CHARLOTTESVILLE VA 22902 990 2014-07-01 540880465 ST ANNE'S-BELFIELD INC STAN 4342965106 2132 IVY ROAD CHARLOTTESVILLE VA 22903 DIANE SCHMIDT ASSOCIATE HEAD OF SCHOOL/CFO 4342965106 2016-05-13 1 ALFRED L LAYNE JR P00320179 4342962156 2014 2016-08-17 19:52:53Z DIANE SCHMIDT 2132 IVY ROAD CHARLOTTESVILLE VA 22903 51913769 0 X WWW.STAB.ORG X 1910 VA THE OPERATION OF A PRIVATE SCHOOL OFFERING QUALITY PRIMARY AND SECONDARY INSTRUCTION FOR STUDENTS OF ALL NATIONALITIES AND RACES. 15 15 361 100 99910 -54593 6973184 21130192 20746117 21752120 1734000 3437357 150003 169055 29603304 46488724 3252078 4933410 0 0 13666970 14849630 0 0 1001525 9700861 9007800 26619909 28790840 2983395 17697884 95280205 114519442 42370433 46500616 52909772 68018826 THE OPERATION OF A PRIVATE SCHOOL OFFERING QUALITY PRIMARY AND SECONDARY INSTRUCTION FOR STUDENTS OF ALL NATIONALITIES AND RACES. 0 0 4933410 4933410 FINANCIAL ASSISTANCE (TUITION REDUCTIONS) - FINANCIAL ASSISTANCE WAS PROVIDED TO STUDENTS. APPOXIMATELY 340 STUDENTS RECEIVED TUITION REDUCTIONS DURING THE YEAR. 19045407 21690437 ST. ANNE'S - BELFIELD SCHOOL IS AN INDEPENDENT SCHOOL PROVIDING EDUCATIONAL SERVICE TO APPROXIMATELY 888 STUDENTS GRADES PRE-KINDERGARTEN THROUGH 12TH GRADE. 23978817 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 0 0 0 1 24 0 361 1 1 1 0 0 0 0 0 0 0 0 0 X 15 15 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 KIMBERLEE S CORY SECRETARY 4.00 X X 0 0 0 MICHAEL S GEISMAR TRUSTEE 4.00 X 0 0 0 KAREN M MORAN TRUSTEE 4.00 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 DAVID LOURIE HEAD OF SCHOOL 40.00 X 399655 0 31008 MICHAEL WAYLETT ASSOC HEAD OF SCHOOL 40.00 X 132639 0 16613 WARREN BUFORD HIGHLY COMPENSATED EMPLOYEE 40.00 X 118094 0 19489 CHRISTINA MAZZOLA HIGHLY COMPENSATED EMPLOYEE 40.00 X 114912 0 16240 FREDRIC J CHANDLER HIGHLY COMPENSATED EMPLOYEE 40.00 X 110816 0 15680 MARK C O'DONNELL HIGHLY COMPENSATED EMPLOYEE 40.00 X 103597 0 8671 979713 0 107701 6 0 1 0 SPIDER MANAGEMENT COMPANY 6802 PARAGON PLACE SUITE 205 RICHMOND VA 23230 INVESTMENT MANAGEMENT 393225 CLIFF HARRISON 3410 BROOKLYN MANOR DRIVE POWATAN VA 23139 CONSTRUCTION MANAGEMENT 177058 2 21130192 5136318 21130192 TUITION AND FEES 611600 18792103 18792103 OTHER AUXILIARY INCOME 611600 1603994 1600349 3645 FOOD SERVICE SALES 611600 1158395 1034876 123519 SVC & APPLICATION FEES 611600 128454 128454 SUMMER PROGRAM FEES 611600 69174 69174 21752120 362386 362386 8467958 5392987 3074971 3074971 -27254 3102225 97539 32058 65481 65481 MISCELLANEOUS REVENUE 900099 103574 103574 103574 46488724 21690437 99910 3568185 4933410 4933410 564627 443535 94023 27069 10970893 8618039 1826903 525951 552193 433768 91953 26472 1890302 1484902 314778 90622 871615 684685 145144 41786 397434 397434 208852 208852 20978 20978 281962 280955 923 84 272725 272725 1180439 1038787 129848 11804 73373 73373 1250141 1100125 137515 12501 2409691 2120528 265066 24097 145059 145059 BOARDING AND FOOD SERVI 1091616 1091616 SUPPLIES 817402 792115 23180 2107 LOSS ON DISPOSAL 201113 176980 22122 2011 657015 412296 7698 237021 28790840 23978817 3810498 1001525 2641725 2230950 2768087 12486530 209124 102661 20000 10000 35054 69356 65657 65482 83287 58211 68619444 16401165 52942355 52218279 35830254 41522215 430773 409689 253889 5346069 95280205 114519442 1559772 2287759 34181523 36982379 552388 413032 621987 187229 5454763 6630217 42370433 46500616 X 42963552 47526540 4897115 14892053 5049105 5600233 52909772 68018826 95280205 114519442 X 17697884 -1064965 -1523865 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 35830952 4155019 2372395 390000 393225 41575141 29124432 2575390 4934443 375000 428313 35830952 25566775 1270558 2988265 395050 306116 29124432 22281992 3145042 670566 340000 190825 25566775 16886118 3251749 2748585 348161 256299 22281992 0.85090 0.11870 0.03040 1 0 1007275 1007275 56499556 10548391 45951165 4526665 1999905 2526760 6585948 3852869 2733079 52218279 INVESTMENTS - OTHER 6254 F INVESTMENTS - PARTNERSHIPS 41515961 F 41522215 ADVANCED TUITION 2894490 FUNDS HELD FOR DEFERRED OBLIGATIONS 92495 FUNDS HELD FOR SCHOOL RELATED ORGANIZATIONS 141727 CAPITAL LEASE OBLIGATION 260981 INTEREST RATE SWAP LIABILITY 3013519 ANNUITY LIABILITY 227005 6630217 X 39976842 -1064965 -409445 -1474410 41451252 393225 4644247 5037472 46488724 24867788 32058 32058 24835730 393225 3561885 3955110 28790840 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: COST OF GOODS SOLD NETTED WITH REVENUE 32,058. CHANGE IN SWAP -431,519. CHANGE IN SPLIT INTEREST -9,984. PART XI, LINE 4B - OTHER ADJUSTMENTS: TUITION REDUCTIONS 3,561,885. CHANGE IN PLEDGE VALUATION AND UNCOLLECTIBLE PLEDGES FROM PRIOR YEARS 1,082,362. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD NETTED WITH REVENUE 32,058. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION REDUCTIONS 3,561,885. 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 340 4933410 BOOK VALUE - COST THE SCHOOL PROVIDED NON-CASH FINANCIAL AID TO 340 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 399655 0 0 0 0 0 16706 0 14302 0 430663 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 765000 30000000 30000000 2010 1 0 0 1 B 15000000 240468 9852379 4907153 0 0 0 1 A 0 1 1 1 0 0 0 1 B 0 1 1 1 0 0 0 1 A 0 1 1 0 1 0 NA 0 0 0 0 1 B 0 1 0 0 1 0 NA 0 0 0 0 1 A 1 B 1 CHRISTINA MAZZOLA EMPLOYEE EMPLOYMENT CONTRACT LOAN X 50000 10000 0 1 1 10000 X 35 5909797 STOCK IS SOLD ON RECEIPT X ITEMS FOR AUCTION 2 23849 ESTIMATED COST X SCHOOL SUPPLIES 13 16308 COST 0 1 1 PART I, LINE 32B: THE SCHOOL USES BROKERS TO SELL PUBLICLY TRADED SECURITIES CONTRIBUTED DURING THE YEAR. PART I, LINE 33: THE SCHOOL REPORTED 10 CONTRIBUTIONS OF PUBLICLY TRADED SECURITIES IN SATISFACTION OF PRIOR YEAR PLEDGES THAT WERE REPORTED AS CONTRIBUTIONS REVENUE IN A PRIOR YEAR. THESE SECURITIES WERE VALUED AT $813,636. FORM 990, PART VI, SECTION B, LINE 11 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 -441,503. CHANGE IN PLEDGE VALUATION AND UNCOLLECTIBLE PLEDGES FROM PRIOR YEARS -1,082,362. 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. 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. ANNE'S-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") UPPER 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 LLC 2132 IVY RD CHARLOTTESVILLE VA 22903 REAL ESTATE VA 0 0 1.00000 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0