2015-05-14T12:54:10-05:00 2014-06-30 510232475 Cover & Rossiter PA 62 Rockford Road Wilmington DE 198061004 990 2013-07-01 510079506 ST ANDREW'S SCHOOL OF DELAWARE INC STAN 3023789511 350 NOXONTOWN ROAD MIDDLETOWN DE 19709 Diane Winiarczyk CFO 3023789511 2015-05-13 1 Peter Kennedy P00571422 3026566632 2015-05-13 2013 2016-02-25 16:41:14Z Diane Winiarczyk 350 NOXONTOWN ROAD MIDDLETOWN DE 19709 51292962 0 X www.standrews-de.org X 1929 DE St. Andrew's School is a coed boarding school, grades 9 through 12. 24 23 225 0 0 -158227 5086392 5435322 14977189 15355575 6519331 4382408 5701 63675 26588613 25236980 5161886 5417659 0 0 9896024 11011529 0 0 1108333 7858507 8657709 22916417 25086897 3672196 150083 306183798 326840750 46606559 46556529 259577239 280284221 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 21497440 5417659 15361870 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 13/14, the School enrolled 297 students & graduated 73, of whom all enrolled in college or university. 21497440 1 1 0 0 0 0 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 0 0 0 0 1 0 0 0 0 1 0 0 0 1 48 0 225 1 1 1 1 CJ UK 0 0 0 0 0 0 0 0 X 24 23 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 DUPONT 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 DUPONT PRICKETT Secretary/Treasurer 5.00 X X 0 0 0 ELIZABETH KIRKLAND CAHILL Trustee 5.00 X 0 0 0 SARAH F BELK Parent Trustee 5.00 X 0 0 0 CRISTINA STENBECK FITZGIBBONS Trustee 5.00 X 0 0 0 PAUL H HARRELL JR Trustee 5.00 X 0 0 0 SABINA B FORBES Trustee 5.00 X 0 0 0 MICHAEL D WARNER Trustee 5.00 X 0 0 0 W HOYT GAHAGAN Trustee 5.00 X 0 0 0 MONIE T HARDWICK Trustee 5.00 X 0 0 0 ALEXANDER P LYNCH Trustee 5.00 X 0 0 0 JOHN P N AUSTIN Trustee 5.00 X 0 0 0 ROBERT F FOGELMAN II Trustee 5.00 X 0 0 0 ANNE T EGAN Parent Trustee 5.00 X 0 0 0 SALLY E PINGREE Trustee 5.00 X 0 0 0 HENRY DUPONT RIDGELY 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 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 STEVEN B PFEIFFER Trustee Emeritus 5.00 X 0 0 0 HENRY H SILLIMAN JR Trustee Emeritus 5.00 X 0 0 0 H HICKMAN ROWLAND JR Trustee Emeritus 5.00 X 0 0 0 TIMOTHY W PETERS Trustee Emeritus 5.00 X 0 0 0 THOMAS H HOOPER III Trustee Emeritus 5.00 X 0 0 0 DANIEL T ROACH JR Headmaster 65.00 X 351123 0 60874 DIANE L WINIARCZYK CFO 60.00 X 155708 0 123043 WILLIAM SPEERS Dean of Faculty 50.00 X 121884 0 26523 GORDON BROWNLEE Dir of Advancement 50.00 X 130102 0 73863 LOUISA ZENDT Dir of Admissions 50.00 X 104429 0 25123 863246 0 309426 6 0 1 0 Nowland Associates 2009 Ogletown Road Newark DE 19711 Construction 565846 Craig Builders 702 S Cox St Middletown DE 19709 Construction 188205 Pavsner press Inc PO Box 18455 Baltimore MD 21237 Printing 143138 Prime Buchholz & Associates Inc PO Box 16011 Lewiston ME 04243 Financial Services 140398 Fire Protection Industries Inc 1765 Woodhaven Drive Bensalem PA 19020 Construction 112809 9 5435322 396077 5435322 TUITION 611600 15321250 15321250 STUDENT FEES 611600 116922 116922 AUXILIARY SERVICES 611600 -82597 -82597 15355575 1063603 1063603 129345 40752 88593 88593 88593 29185334 25866529 3318805 3318805 3318805 117488 148701 -31213 -31213 OTHER REVENUE 611600 6295 6295 6295 25236980 15361870 0 4439788 5417659 5417659 712368 421176 291192 7384034 6196008 555548 632478 945509 772764 98883 73862 1378114 1260154 14208 103752 591504 483436 61861 46207 43199 43199 63514 63514 285392 285392 295565 154925 140640 17120 17120 380419 300366 35689 44364 200236 99513 98406 2317 998247 847491 150756 201152 136508 1434 63210 83465 73761 8759 945 1591424 1591424 50318 50318 REPAIRS & MAINTENANCE 1615266 1284672 330594 FOOD SERVICE COSTS 1308647 1308647 EQUIPMENT ACQUISITIONS 350392 349393 999 PRINTING AND PUBLICATIO 186351 67689 62673 55989 987002 714734 187059 85209 25086897 21497440 2481124 1108333 2344654 4038252 3171506 2214050 243341 303660 118731 92670 1467408 1639452 121067139 0 121090778 121067139 127402729 143432447 47600088 51162126 1426522 1426522 1318041 1464432 306183798 326840750 1542353 1227788 39208319 39187226 375000 0 5480887 6141515 46606559 46556529 X 207517671 225048876 4632987 6991887 47426581 48243458 259577239 280284221 306183798 326840750 X 150083 20869835 -312936 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 182934698 920529 25061441 10570063 198346605 167987654 5210903 17576980 7840839 182934698 177267986 1877322 -2348121 8809533 167987654 157556084 4177159 24011555 8476812 177267986 148868976 1938053 14713049 7963994 157556084 0.72880 0.24320 0.02800 0 0 8028754 8028754 112441101 112441101 597284 597284 121067139 HEDGE FUNDS AND PRIVATE EQUITY - LEVEL 3 VALUATIONS 51162126 F 51162126 STUDENT TUITION DEPOSITS 2198416 DEFERRED INCOME 134010 CHARITABLE REMAINDER TRUST 159103 RETIREE INSURANCE OBLIGATION 609042 UNDERFUNDED PENSION LIABILITY 2232008 LIABILITY ON INTEREST RATE SWAP AGREEMENT 808936 6141515 X 53495938 20869835 7339955 28209790 25286148 -49168 -49168 25236980 32788957 7652891 7652891 25136066 -49169 -49169 25086897 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 6,933,077. PRRSM Funding - capital expenses 375,000. Credit card and bank fees 31,878. Part XI, Line 4b - Other Adjustments: Auxiliary program income -52,086. Rodney Point income 1,380. Miscellaneous 1,538. Part XII, Line 2d - Other Adjustments: Endowment draw 6,933,077. PRRSM Funding - capital expenses 375,000. Credit card and bank fees 31,878. Interest rate swap adjustment -156,064. Pension funding from endowment 469,000. Part XII, Line 4b - Other Adjustments: Rodney Point income 1,380. Auxiliary program income -52,086. Miscellaneous 1,537. 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 83530662 Europe 0 0 Investment 6058342 0 0 0 0 0 0 89589004 0 89589004 0 0 0 0 0 0 Part I, line 3: FMV 1 SCHOLARSHIPS 142 5417659 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 351123 0 0 0 0 0 43000 0 23176 0 417299 0 0 0 DIANE L WINIARCZYK CFO 155708 0 0 0 0 0 16650 0 108042 0 280400 0 0 0 WILLIAM SPEERS Dean of Faculty 121884 0 0 0 0 0 12830 0 15976 0 150690 0 0 0 GORDON BROWNLEE Dir of Advancement 130102 0 0 0 0 0 13820 0 62113 0 206035 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 6/30/14. 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 24000000 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 1 0 0 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 17 396077 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 2013 Form 990) would be more than sufficient to respond to most legitimate inquiries. Form 990, Part XI, line 9: Interest rate swap adjustment 156,064. Pension funding from endowment -469,000. 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 187185 FMV