2015-04-22T06:56:46-05:00 2014-06-30 540618213 HANTZMON WIEBEL LLP CPA'S 818 E JEFFERSON ST PO BOX 1408 CHARLOTTESVILLE VA 22902 990 2013-07-01 540880465 ST ANNE'S-BELFIELD INC STAN 4342965106 2132 IVY ROAD CHARLOTTESVILLE VA 22903 TOM FRESHWATER BUSINESS MANAGER 4342965106 2015-04-15 1 ALFRED L LAYNE JR P00320179 4342962156 2013 2016-03-07 17:11:31Z TOM FRESHWATER 2132 IVY ROAD CHARLOTTESVILLE VA 22903 32307292 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. 16 16 340 100 246649 -29432 3946525 6973184 19728261 20746117 1353456 1734000 158194 150003 25186436 29603304 3167313 3252078 0 0 12678017 13666970 0 0 740720 8925951 9700861 24771281 26619909 415155 2983395 83077563 95280205 36197316 42370433 46880247 52909772 THE OPERATION OF A PRIVATE SCHOOL OFFERING QUALITY PRIMARY AND SECONDARY INSTRUCTION FOR STUDENTS OF ALL NATIONALITIES AND RACES. 0 0 3252078 3252078 FINANCIAL ASSISTANCE (TUITION REDUCTIONS) - FINANCIAL ASSISTANCE WAS PROVIDED TO STUDENTS. APPOXIMATELY 350 STUDENTS RECEIVED TUITION REDUCTIONS DURING THE YEAR. 19419000 20651962 ST. ANNE'S - BELFIELD SCHOOL IS AN INDEPENDENT SCHOOL PROVIDING EDUCATIONAL SERVICE TO APPROXIMATELY 881 STUDENTS GRADES PRE-KINDERGARTEN THROUGH 12TH GRADE. 22671078 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 28 0 340 1 1 1 0 0 0 0 0 0 0 0 0 X 16 16 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 AMANDA B MEGARGEL SECRETARY 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 MICHAEL J WOODFOLK TRUSTEE 4.00 X 0 0 0 KIMBERLEE S CORY TRUSTEE 4.00 X 0 0 0 MICHAEL S GEISMAR TRUSTEE 4.00 X 0 0 0 KAREN M MORGAN 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 DAVID LOURIE HEAD OF SCHOOL 40.00 X 449302 0 22044 MICHAEL WAYLETT ASSOC HEAD OF SCHOOL 40.00 X 129987 0 16537 579289 0 38581 2 0 1 0 SPIDER MANAGEMENT COMPANY 6802 PARAGON PLACE SUITE 205 RICHMOND VA 23230 INVESTMENT MANAGEMENT 390542 CLIFF HARRISON 3410 BRORKLYN MANOR DRIVE POWHATAN VA 23139 CONSTRUCTION MANAGEMENT 216709 2 6973184 3262272 6973184 TUITION AND FEES 611600 17854246 17854246 OTHER AUXILIARY INCOME 611600 1521461 1513514 7947 FOOD SERVICE SALES 611600 1046666 922458 124208 SUMMER PROGRAM FEES 611600 191714 191714 SVC & APPLICATION FEES 611600 132030 132030 20746117 354204 114494 239710 4015621 2635825 1379796 1379796 1379796 106163 68163 38000 38000 MISCELLANEOUS REVENUE 900099 112003 112003 112003 29603304 20651962 246649 1731509 3252078 3252078 564626 462095 79437 23094 10317363 8443815 1451544 422004 520892 426302 73284 21306 1445383 1182913 203350 59120 818706 670036 115183 33487 433760 433760 198938 198938 25607 25607 330357 329106 1147 104 223162 223162 1198352 1054549 131819 11984 74291 74291 1136169 999828 124979 11362 2109588 1856437 232055 21096 121967 121967 FACULTY FINANCIAL AID 1391550 1391550 BOARDING AND FOOD SERVI 959579 959579 SUPPLIES 875364 841223 31296 2845 622177 478507 9352 134318 26619909 22671078 3208111 740720 1414280 2641725 4370514 2768087 151351 209124 30146 20000 60427 35054 56631 65657 66025 83287 70608113 17665758 47105463 52942355 29117690 35824000 6254 6254 297505 430773 401277 253889 83077563 95280205 1467985 1559772 28630000 34181523 757684 552388 335730 621987 5005917 5454763 36197316 42370433 X 37519375 42963552 5050601 4897115 4310271 5049105 46880247 52909772 83077563 95280205 X 2983395 3200943 -154813 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 29117690 2575000 4934623 375000 428313 35824000 25566775 1263816 2988265 395050 306116 29117690 22281992 3145042 670566 340000 190825 25566775 16886118 3251749 2748585 348161 256299 22281992 8689749 7196042 1252204 228203 23674 16886118 0.83330 0.13300 0.03370 1 0 897372 897372 57962164 10823780 47138384 5375807 3150033 2225774 6372770 3691945 2680825 52942355 ADVANCED TUITION 2008778 FUNDS HELD FOR DEFERRED OBLIGATIONS 33475 FUNDS HELD FOR SCHOOL RELATED ORGANIZATIONS 166300 CAPITAL LEASE OBLIGATION 419965 INTEREST RATE SWAP LIABILITY 2581999 ANNUITY LIABILITY 244246 5454763 X 29036706 3200943 -86650 3114293 25922413 428813 3252078 3680891 29603304 23007181 68163 68163 22939018 428813 3252078 3680891 26619909 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. THE SCHOOL IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U. S. FEDERAL, STATE, OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2010. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD NETTED WITH REVENUE 68,163. CHANGE IN SWAP -147,750. CHANGE IN SPLIT INTEREST -7,063. PART XI, LINE 4B - OTHER ADJUSTMENTS: TUITION REDUCTIONS 3,252,078. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD NETTED WITH REVENUE 68,163. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION REDUCTIONS 3,252,078. 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 350 3252078 BOOK VALUE - COST THE SCHOOL PROVIDED NON-CASH FINANCIAL AID TO 350 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 0 0 0 0 0 0 0 0 DAVID LOURIE HEAD OF SCHOOL 449302 0 0 0 0 0 15300 0 6744 0 471346 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 735000 30000000 30000000 2010 1 0 0 1 B 15000000 240468 6046055 8713477 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 DAVID LOURIE HEAD OF SCHOOL REPLACE SCHOOL PROVIDED RESIDENCE RAZED DUE TO CONSTRUCTION. X 250000 20000 0 1 1 20000 X 21 2729114 STOCK IS SOLD ON RECIEPT X 1 523865 MARKET - PURCHASE PRICE X SCHOOL SUPPLI 11 9293 COST 1 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS THOROUGHLY REVIEWED BY THE SCHOOL'S BUSINESS MANAGER AND ASSOCIATE HEAD OF SCHOOL 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 HEADMASTER 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 HEADMASTER 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 -154,813. 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. ANNES' 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'S ("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.