2016-05-16T07:23:52-05:00 2015-06-30 061009205 BLUM SHAPIRO & COMPANY PC CPA'S 29 S MAIN STREET PO BOX 272000 WEST HARTFORD CT 061272000 990 2014-07-01 050259009 ST GEORGE'S SCHOOL STGE 4018477565 PO BOX 1910 NEWPORT RI 028400190 ELIZABETH F MCGRATH DIRECTOR OF FINANCE 4018477565 2016-05-11 1 ELIZABETH SOLECKI P00235171 8605614000 2016-05-11 2014 2016-08-17 19:52:53Z ELIZABETH F MCGRATH 372 PURGATORY ROAD MIDDLETOWN RI 02842 65407500 0 X WWW.STGEORGES.EDU X 1896 RI TO GIVE STUDENTS IN THE GRADES OF 9 THRU 12 THE OPPORTUNITY OF DEVELOPING TO THE FULLEST EXTENT. 29 28 250 250 38850 -4974 5816220 9642775 19011384 19503262 10947120 11712104 692115 931350 36466839 41789491 4073022 4480697 0 0 13540830 13866152 223472 265397 2485708 13443564 14485568 31280888 33097814 5185951 8691677 219002510 233863198 29826008 44301165 189176502 189562033 TO GIVE STUDENTS IN THE GRADES OF 9 THRU 12 THE OPPORTUNITY OF DEVELOPING TO THE FULLEST EXTENT POSSIBLE THE PARTICULAR GIFTS THAT ARE THEIRS AND TO ENCOURAGE IN THEM THE DESIRE TO DO SO. 0 0 26218945 4480697 20055597 ST. GEORGE'S SCHOOL PRIMARILY PROVIDES INSTRUCTION AND STUDENT EDUCATION SUPPORT TO STUDENTS IN GRADES 9-12. 26218945 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 1 0 1 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 1 0 0 1 0 1 0 0 0 1 1 0 0 0 1 71 0 1 250 1 1 1 0 0 0 0 0 0 0 0 0 X 29 28 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X ELIZABETH F MCGRATH DIRECTOR OF F 4018426785 372 PURGATORY ROAD MIDDLETOWN RI 02842 ERIC PETERSON HEAD OF SCHOOL 50.00 X X 405961 0 191091 RUDOLPHUS BETHEA JR INDIVIDUAL TRUSTEE 2.00 X 0 0 0 WILLIAM G DEAN INDIVIDUAL TRUSTEE 2.00 X 0 0 0 BARBARA PUTNAM INDIVIDUAL TRUSTEE 2.00 X 0 0 0 WILLIAM C DORSEY INDIVIDUAL TRUSTEE 2.00 X 0 0 0 DAVID HALWIG INDIVIDUAL TRUSTEE 2.00 X 0 0 0 FRANCIS S BRANIN JR BOARD CHAIR 2.00 X X 0 0 0 LESLIE BATHGATE HEANEY INDIVIDUAL TRUSTEE 2.00 X 0 0 0 JOSEPH C HOOPES JR INDIVIDUAL TRUSTEE 2.00 X 0 0 0 BETTS HOWES MURRAY SECRETARY 2.00 X X 0 0 0 JONATHAN T ISHAM JR INDIVIDUAL TRUSTEE 2.00 X 0 0 0 RT REV DR HAYS H ROCKWELL INDIVIDUAL TRUSTEE 2.00 X 0 0 0 RICHARD A WAYNER INDIVIDUAL TRUSTEE 2.00 X 0 0 0 CHARLES K WILLIAMS II INDIVIDUAL TRUSTEE 2.00 X 0 0 0 TIMOTHY P BURNS INDIVIDUAL TRUSTEE 2.00 X 0 0 0 SUSAN K GALLAGHER INDIVIDUAL TRUSTEE 2.00 X 0 0 0 WILLIAM C PRESCOTT JR INDIVIDUAL TRUSTEE 2.00 X 0 0 0 CHRISTOPHER B SAROFIM INDIVIDUAL TRUSTEE 2.00 X 0 0 0 PAMELA G LAYTON INDIVIDUAL TRUSTEE 2.00 X 0 0 0 ANNE T MCCORMACK INDIVIDUAL TRUSTEE 2.00 X 0 0 0 DAVID A MCELHINNY INDIVIDUAL TRUSTEE 2.00 X 0 0 0 DANA L SCHMALTZ TREASURER 2.00 X X 0 0 0 LANGDON VAN NORDEN JR INDIVIDUAL TRUSTEE 2.00 X 0 0 0 ARTHUR LEE INDIVIDUAL TRUSTEE 2.00 X 0 0 0 ROBIN GRACE WARREN INDIVIDUAL TRUSTEE 2.00 X 0 0 0 APRIL S ANDERSON INDIVIDUAL TRUSTEE 2.00 X 0 0 0 SUSIE CARLSON INDIVIDUAL TRUSTEE 2.00 X 0 0 0 MICHAEL KIM INDIVIDUAL TRUSTEE 2.00 X 0 0 0 DAVID RANDALL INDIVIDUAL TRUSTEE 2.00 X 0 0 0 JANE TIMKEN INDIVIDUAL TRUSTEE 2.00 X 0 0 0 ELIZABETH F MCGRATH DIRECTOR OF FINANCE/ASST TREAS 50.00 X 150342 0 27289 ROBERT G WESTON ASSOCIATE HEAD OF SCHOOL/ASST SEC 50.00 X 147683 0 108715 GEORGE STAPLES DIRECTOR OF OPERATIONS 50.00 X 144259 0 107951 PATRICIA E MOSS ASSISTANT HEAD FOR ACADEMIC AFFAIRS 50.00 X 148846 0 28785 THOMAS P CALLAHAN DIRECTOR OF THE MERCK-HORTON CENTER 30.00 X 144923 0 34793 KATHERINE TITUS ASSOCIATE HEAD OF SCHOOL - SCHOOL LIFE 50.00 X 128847 0 62123 ELIZABETH BICKFORD DEAN OF FACULTY 50.00 X 118479 0 53753 1389340 0 614500 9 0 1 0 SHAWMUT DESIGN AND CONSTRUCTION SUITE A 275 - 3 DAVOL SQUARE PROVIDENCE RI 02903 CONSTRUCTION CONTRACTOR 4112070 SAGE DINING SERVICES INC 222 BOSLEY AVENUE SUITE B7 TOWNSON MD 21204 DINING SERVICES 1787474 EINHORN YAFFEE PRESCOTT 201 FULLER ROAD 5TH FLOOR ALBANY NY 12203 ARCHITECT & ENGINEERING 1058168 ELAINE CONSTRUCTION 1037 CHESTNUT STREET NEWTON UPPER FALLS MA 02464 CONSTRUCTION CONTRACTOR 889463 ABM JANITORIAL SERVICES PO BOX 1534 NEW YORK NY 100081534 CLEANING SERVICES 597510 12 9642775 2572307 9642775 STUDENT SERVICES 611110 19503262 19503262 19503262 2799150 2799150 31846469 425133 23007960 350688 8838509 74445 8912954 8912954 599526 259361 340165 340165 MISCELLANEOUS INCOME 900099 591185 552335 38850 591185 41789491 20055597 38850 12052269 4480697 4480697 1034154 96994 594307 342853 9276321 7097002 1216260 963059 799868 665416 31559 102893 2056485 1851885 163868 40732 699324 507228 119750 72346 280600 280600 59535 59535 265397 265397 331280 331280 2072731 1874907 98854 98970 257067 42177 2690 212200 325143 287848 15920 21375 677638 428816 226315 22507 1574587 1495858 78729 544261 399590 14814 129857 325807 223543 41449 60815 537542 510665 26877 3417891 3246996 170895 290839 28766 262073 DINING SERVICES 2007100 1938546 68554 FACILITY REPAIRS 931700 877323 40856 13521 851847 164688 616530 70629 33097814 26218945 4393161 2485708 865874 694736 2210683 4709637 176749 225795 133000 76000 491233 458150 234545 222528 664188 596359 115274108 47970261 51142842 67303847 162663647 159139756 419749 436390 219002510 233863198 3353710 7127332 3156441 2849080 16560000 32244773 3182500 3573357 2079980 29826008 44301165 X 67799376 66364776 54874196 56008993 66502930 67188264 189176502 189562033 219002510 233863198 X 8691677 -8140515 -165631 X X 0 1 X 1 0 X 3943319 5751721 6034190 5816220 9642775 31188225 3943319 5751721 6034190 5816220 9642775 31188225 3421261 27766964 2728800 2643125 3123101 3002651 2811234 14308911 171469 160522 340165 672156 46169292 90905324 0.60140 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: SALE OF INVENTORY RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 141838371 992715 3274278 6246788 139858576 124136104 1138115 25637813 9073661 141838371 108924257 2012100 16810996 3611249 124136104 111040646 552081 3462249 6130719 108924257 92289352 1707137 22998584 5954427 111040646 0.24400 0.44060 0.31540 1 0 1809627 1809627 74074434 35580136 38494298 13600671 9700635 3900036 25789376 2689490 23099886 67303847 INVESTMENTS 146547564 F SPLIT INTEREST AGREEMENTS 12592192 F 159139756 DUE TO BENEFICIARIES OF SPLIT INTEREST AGREEMENTS 2079980 2079980 28592403 -8140515 -5315940 -13456455 42048858 -259367 -259367 41789491 28206872 259361 259361 27947511 5150303 5150303 33097814 PART V, LINE 4: THE SCHOOL'S ENDOWMENT CONSISTS OF NUMEROUS FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. ITS ENDOWMENT FUNDS INCLUDE BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND UNRESTRICTED FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENT FUNDS. THE SCHOOL HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. PART XI, LINE 2D - OTHER ADJUSTMENTS: STUDENT AID/TUITION REMISSION -5,150,297. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -165,643. PART XI, LINE 4B - OTHER ADJUSTMENTS: ROUNDING -6. STORE COGS -259,361. PART XII, LINE 2D - OTHER ADJUSTMENTS: STORE COGS 259,361. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID/TUITION REMISSION 5,150,297. ROUNDING 6. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 ST. GEORGE'S SCHOOL ADMITS MALE AND FEMALE STUDENTS OF ANY RELIGION, RACE, COLOR, SEXUAL ORIENTATION, GENDER IDENTITY, GENDER EXPRESSION, AND NATIONAL OR ETHNIC ORIGIN TO ALL THE PROGRAMS AND ACTIVITIES GENERALLY ACCORDED OR MADE AVAILABLE TO STUDENTS AT THE SCHOOL. IT DOES NOT DISCRIMINATE ON THE BASIS OF RELIGION, GENDER, RACE, COLOR, SEXUAL ORIENTATION, GENDER IDENTITY, GENDER EXPRESSION, OR NATIONAL OR ETHNIC ORIGIN IN THE ADMINISTRATION OF ITS EDUCATIONAL POLICIES, SCHOLARSHIP AND LOAN PROGRAMS, OR ATHLETIC AND OTHER SCHOOL-ADMINISTERED PROGRAMS. X X X X 1 COMMUNITY COUNSELING SERVICE CO LLC 461 FIFTH AVENUE NEW YORK NY 10017 CAMPAIGN MANAGEMENT SERVICES 0 0 265397 0 265397 RI 1 STUDENT SCHOLARSHIPS - DAY & BOARDING TUITION 109 0 4344500 FMV CREDITS AGAINST TUITION DUE EDUCATIONAL SUPPLIES 65 5267 130930 FMV LAPTOP COMPUTERS, TEXTBOOKS, INSURANCE, ETC. SCHEDULE I, PART I, LINE 2 MOST FUNDS ARE DISTRIBUTED AS CREDITS AGAINST CHARGES ON STUDENT ACCOUNTS, AND ARE MOSTLY FOR PURCHASES OF TUITION, LAPTOP COMPUTERS, TEXTBOOKS OR MEDICAL INSURANCE. THE FINANCIAL AID OFFICERS AND THE STUDENTS' ADVISORS MEET REGULARLY WITH THE STUDENTS RECEIVING AID TO REVIEW ANY EXPENSES. X 1 1 X X X 0 0 0 0 0 0 0 1 0 ERIC PETERSON HEAD OF SCHOOL 296297 0 70400 0 39264 0 41206 0 149885 0 597052 0 0 0 ELIZABETH F MCGRATH DIRECTOR OF FINANCE/ASST TREAS 149862 0 0 0 480 0 16837 0 10452 0 177631 0 0 0 ROBERT G WESTON ASSOCIATE HEAD OF SCHOOL/ASST SEC 147683 0 0 0 0 0 17325 0 91390 0 256398 0 0 0 GEORGE STAPLES DIRECTOR OF OPERATIONS 144259 0 0 0 0 0 16837 0 91114 0 252210 0 0 0 PATRICIA E MOSS ASSISTANT HEAD FOR ACADEMIC AFFAIRS 148366 0 0 0 480 0 16837 0 11948 0 177631 0 0 0 THOMAS P CALLAHAN DIRECTOR OF THE MERCK-HORTON CENTER 144923 0 0 0 0 0 16656 0 18137 0 179716 0 0 0 KATHERINE TITUS ASSOCIATE HEAD OF SCHOOL - SCHOOL LI 128847 0 0 0 0 0 11407 0 50716 0 190970 0 0 0 ELIZABETH BICKFORD DEAN OF FACULTY 117259 0 0 0 1220 0 13200 0 40553 0 172232 0 0 0 PART I, LINE 1A THE ORGANIZATION IS A BOARDING HIGH SCHOOL. HOUSING IS PROVIDED FOR THE CONVENIENCE OF THE ORGANIZATION AS WELL AS A CONDITION OF EMPLOYMENT. PART I, LINE 7 THE HEAD OF SCHOOL'S BONUS IS DETERMINED BY THE BOARD CHAIR AND SUBSEQUENTLY REVIEWED BY THE COMPENSATION COMMITTEE, BASED ON ACHIEVEMENT OF PERFORMANCE GOALS. A RHODE ISLAND HEALTH & EDUCATION BUILDING CORPORATION 521300173 NONEAVAIL 2014-08-28 20000000 SEE PART VI 0 0 0 B RHODE ISLAND HEALTH & EDUCATION BUILDING CORPORATION 521300173 NONEAVAIL 2014-08-28 15000000 SEE PART VI 0 0 0 C RHODE ISLAND HEALTH & EDUCATION BUILDING CORPORATION 521300173 NONEAVAIL 2014-08-28 10000000 SEE PART VI 0 0 0 A 20000000 69530 863470 19067000 1 0 1 1 B 15000000 60589 2226983 299929 12412499 1 0 0 1 C 10000000 40393 9909607 50000 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 1 0 0 0 1 C 0 0 0 1 0 0 0 0 1 A 1 B 1 C 1 SCHEDULE K, SUPPLEMENTAL INFORMATION THE PROJECTS FOR THE 2014 BONDS CONSIST OF THE FINANCING OF (1) THE PLANNING, ACQUISITION, CONSTRUCTION, EQUIPPING AND FURNISHING OF VARIOUS OF THE BORROWER'S FACILITIES LOCATED AT 372 PURGATORY ROAD IN MIDDLETOWN, RHODE ISLAND, AND ADJACENT AREAS TO BE USED IN FURTHERANCE OF THE SCHOOL'S EDUCATIONAL MISSION AND (2) THE REFINANCING OF THE OUTSTANDING DEBT OF THE SERIES 2010 AND 2003 BONDS. SCHEDULE K, PART II, LINE 11: BOND PROCEEDS WERE USED TO REFUND PRIOR ISSUES. ERIC F PETERSON HEAD OF SCHOOL PROMISSORY NOTE FOR PURCHASE OF RESIDENCE X 190000 76000 0 1 1 76000 KRISTA L PETERSON SPOUSE OF OFFICER 63025 EMPLOYMENT 0 ANN R WESTON SPOUSE OF OFFICER 48978 EMPLOYMENT 0 X 59 2360989 FAIR MARKET VALUE X WINDOWS 1 211318 FAIR MARKET VALUE 0 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 THE BOARD CHAIR AND THE CHAIR OF THE AUDIT COMMITTEE REVIEW A COMPLETE COPY OF THE TAX RETURN, INCLUDING GIFTS, BEFORE FILING WITH THE IRS. THE AUDIT COMMITTEE REVIEWS A DRAFT OF THE TAX RETURN, EXCLUDING GIFTS, BEFORE FILING. EMAIL NOTIFICATION IS SENT TO ALL TRUSTEES INFORMING THEM THAT THE FINAL VERSION OF THE TAX RETURN, EXCLUDING GIFTS, HAS BEEN POSTED TO THE TRUSTEES' WEBSITE. FORM 990, PART VI, SECTION B, LINE 12C IN ORDER TO MONITOR AND ENFORCE COMPLIANCE OF THE POLICY, A SIGNED CONFLICT OF INTEREST POLICY IS REQUIRED ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION HIRES AN EDUCATIONAL COMPENSATION CONSULTANT TO WORK ON THE HEAD OF SCHOOL'S COMPENSATION CONTRACT. THE HEAD OF SCHOOL REVIEWS DATA FROM COMPARABLE SCHOOLS TO ENSURE THAT SENIOR MANAGEMENT COMPENSATION IS IN LINE WITH OTHER SIMILAR SCHOOLS. THE COMPENSATION COMMITTEE REVIEWS THE PERTINENT DATA AND THE DECISION PROCESS WITH THE HEAD OF SCHOOL FOR SENIOR MANAGEMENT COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS -165,643. ROUNDING 12. FORM 990, PART XII, LINE 2C: THE PROCESS PERFORMED BY THE AUDIT COMMITTEE IN ORDER TO ASSUME RESPONSIBILITY FOR THE AUDITED FINANCIAL STATEMENTS HAS NOT CHANGED SINCE THE PRIOR YEAR. SG HOLDINGS LLC PO BOX 1910 NEWPORT RI 028400190 464361322 FACULTY HOUSING RI 1152 2112041 CAMP RAMLEH CO ST GEORGE'S SCHOOL PO BOX 1910 NEWPORT RI 02840 056011655 SUMMER CAMP RI 501(C)(3) LINE 7 N/A 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 1 0 0