2015-05-15T10:08:49-05:00 2014-06-30 BATCHELOR TILLERY & ROBERTS LLP 3605 GLENWOOD AVENUE SUITE 350 RALEIGH NC 27612 990 2013-07-01 237241145 ST DAVID'S SCHOOL % MIRIAM LESHNOCK STDA 9197823240 3400 WHITE OAK ROAD Suite RALEIGH NC 27609 MIRIAM LESHNOCK CFO 9197823240 2015-05-14 true Ronald A Batchelor P00077863 9197823240 2013 2016-02-25 16:41:14Z KEVIN J LOCKERBIE 3400 WHITE OAK ROAD RALEIGH NC 27609 15271434 false X WWW.SDSW.ORG X 1972 NC ST. DAVID'S IS AN INDEPENDENT EPISCOPAL SCHOOL THAT PREPARES YOUNG MEN AND WOMEN FOR COLLEGE AND LIFE BY PROVIDING OPPORTUNITIES TO EXCEL IN FAITH, VIRTUE AND KNOWLEDGE. 12 12 206 280 0 838605 1090971 10388830 11052100 66126 143367 162649 197757 11456210 12484195 496750 460175 0 0 7425309 7625354 0 0 111132 3689931 4189972 11611990 12275501 -155780 208694 24773811 24836205 16660968 16326055 8112843 8510150 ST. DAVID'S IS AN INDEPENDENT EPISCOPAL SCHOOL THAT PREPARES YOUNG MEN AND WOMEN FOR COLLEGE AND LIFE BY PROVIDING CHALLENGING OPPORTUNITIES TO EXCEL IN THE VITAL AREAS OF FAITH, VIRTUE AND KNOWLEDGE. false false 8045309 460175 11052100 EXPENSES ARE INCURRED TO OPERATE A SCHOOL FOR 630 PRE-KINDERGARTEN THROUGH 12TH GRADE STUDENTS. THESE EXPENSES INCLUDE TEACHER SALARIES, EDUCATIONAL MATERIALS, FIELD TRIPS AND OTHER STUDENT ACTIVITIES. 8045309 true true false false false false false false false true true false false false false true true false true false false false false false true false false false true true true false false false false false false true false false false true false false false false false false false false true 21 0 true 206 true false false false false false true true false false false false X 12 12 true false false false false false false true true false false false true true true true true true true false X X MIRIAM LESHNOCK 9197823240 3400 WHITE OAK ROAD RALEIGH NC 27609 JOE KNOTT III CHAIRMAN 1.0 X X 0 0 0 CLIFF BENSON JR TRUSTEE 1.0 X 0 0 CLIFF BENSON III TRUSTEE 1.0 X 0 0 PAMELA BUNN SECRETARY 1.0 X X 0 0 NEAL COKER TRUSTEE 1.0 X 0 0 PAUL CONWAY TRUSTEE 1.0 X 0 0 TOM ELLIS TRUSTEE 1.0 X 0 0 DONNA MCCLATCHEY TRUSTEE 1.0 X 0 0 VEN POOLE TREASURER 1.0 X X 0 0 JULE SMITH TRUSTEE 1.0 X 0 0 MIKE SMITH VICE-CHAIRMAN 1.0 X X 0 0 PHIL YORK TRUSTEE 1.0 X 0 0 KEVIN J LOCKERBIE HEADMASTER 40.0 X 240451 0 22982 MIRIAM F LESHNOCK CHIEF FINANCIAL OFFICER 40.0 X 108971 0 4871 349422 0 27853 2 false true false 0 78475 1012496 28472 1090971 TUITION & REGISTRATION 900099 10582650 10582650 ACADEMIC SUPPORT 900099 178350 178350 AFTER SCHOOL CARE 900099 27468 27468 OTHER SCHOOL ACTIVITIES 900099 263632 263632 11052100 81264 81264 0 0 150061 150061 0 150061 150061 2791823 2729720 62103 62103 62103 93715 78475 52519 41196 47696 11500 5000 6500 0 0 12484195 11024632 368592 0 460175 460175 0 0 411161 411161 0 5880727 4407220 1473507 302605 223290 79315 557175 400191 156984 473686 333205 140481 0 2251 2251 29636 29636 0 0 21157 21157 141079 93055 48024 85766 85766 282151 101824 159746 20581 440261 440261 0 239233 33493 200955 4785 0 0 54288 27144 27144 223776 223776 0 847721 847721 114188 114188 REPAIRS & MAINTENANCE 356408 17637 338771 BAD DEBT EXPENSE 430879 430879 INSTRUCTIONAL MATERIALS 158904 158904 ATHLETIC EQUIPMENT, FEES ETC 175344 175344 586930 293958 292972 12275501 8045309 4119060 111132 2624447 3035657 0 0 2003318 1349584 73459 33516 0 0 0 0 0 0 0 0 111343 119053 23400488 6807272 17190118 16593216 2401055 3378272 193000 185571 0 0 0 0 177071 141336 24773811 24836205 141861 166994 0 0 4576385 4677759 11200000 10800000 0 0 0 0 742722 681302 0 0 0 0 16660968 16326055 X 5984223 6805743 2109336 1685123 19284 19284 8112843 8510150 24773811 24836205 X 208694 187520 1200 -107 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 19284 19284 19284 19284 29284 10000 19284 28384 900 29284 17075 11025 284 28384 1.00000 false false 1470793 1470793 20081628 5326503 14755125 1042419 790258 252161 805648 690511 115137 16593216 0 0 X 12191583 187520 1200 188720 12002863 21157 460175 481332 12484195 11794169 11794169 21157 460175 481332 12275501 SCHEDULE D, PART V, LINE 4 INTENDED USES OF THE ORGANIZATION'S ENDOWMENT FUNDS: THE JOSE CORNEJO SOCCER EXCELLENCE ENDOWMENT PROVIDES SOCCER SCHOLARSHIPS TO ELIGIBLE STUDENTS WHO QUALIFY ACCORDING TO THE ENDOWMENT'S CRITERIA. SCHEDULE D, PART XI, LINE 4B RECONCILIATION OF REVENUE: $460,175 FINANCIAL AID INCLUDED AS A REDUCTION OF FINANCIAL STATEMENT TUITION RECEIVED SCHEDULE D, PART XII, LINE 4B RECONCILIATION OF EXPENSES: $460,175 FINANCIAL AID INCLUDED AS A REDUCTION OF FINANCIAL STATEMENT TUITION RECEIVED SCHEDULE D, PART X, LINE 2 UNCERTAIN TAX POSITIONS UNDER FIN 48 (ASC 740): MANAGEMENT OF THE SCHOOL DOES NOT BELIEVE THE FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS. TAX YEARS ENDED JUNE 30, 2011 THROUGH JUNE 30, 2014 REMAIN OPEN FOR EXAMINATION BY TAXING AUTHORITIES AS OF THE DATE OF THIS REPORT. true true true true true true true false false false false false false false false false false true SCHEDULE E, PART I, LINE 3 NONDISCRIMINATORY POLICY: THE SCHOOL PUBLICIZES ITS RACIALLY NONDISCRIMINATORY POLICY THROUGH NEWSPAPER ADS SOLICITING STUDENTS. WINTER SOCIAL 172190 78475 93715 0 2087 2700 28966 400 18366 0 0 0 0 0 0 0 0 0 0 172190 78475 93715 0 2087 2700 28966 400 18366 52519 41196 true FINANCIAL AID 82 460175 SCHEDULE I, PART I, LINE 2 PROCEDURES FOR MONITORING GRANT FUNDS IN THE UNITED STATES: ST. DAVID'S USES AN OUTSIDE SERVICE TO COLLECT AND PROCESS FINANCIAL AID APPLICANTS' FINANCIAL INFORMATION. THIS SERVICE IS PROVIDED BY SCHOOL AND STUDENT SERVICES WITH THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS. APPLICANTS SUBMIT THEIR FAMILY FINANCIAL INFORMATION TO SCHOOL AND STUDENT SERVICES FOR PROCESSING. A SUMMARY REPORT OF THE FAMILY FINANCIAL INFORMATION IS GENERATED AND SENT TO THE SCHOOL. ONCE THIS REPORT IS RECEIVED, THE FINANCIAL AID COMMITTEEE REVIEWS IT AND MAKES AWARDS CONSIDERING THE INFORMATION PROVIDED IN THAT REPORT. THE COMMITTEE ALSO ANALYZES MOST RECENT TAX RETURNS AND OTHER FACTORS AS NECESSARY. X true true X X X false false false false false false false false false KEVIN J LOCKERBIE HEADMASTER 210161 0 17500 0 12790 0 9185 0 13797 0 263433 0 0 0 A NORTH CAROLINA CAPITAL FACILITIES FINANCE AGENCY 561592154 65818pgr4 2008-10-16 12000000 FINANCE CAPITAL CONSTRUCTION & false false false A 1200000 0 12000000 0 0 0 161371 0 0 11838629 0 0 false false true true A false false false false 0 false false false false A false false false false true true BB&T 2. false false false 0 false false A false SCHEDULE K, PART V WRITTEN PROCEDURES FOR VIOLATIONS OF FEDERAL TAX REQUIREMENTS: THE ORGANIZATION BELIEVES IT IS IN COMPLIANCE WITH THE REQUIREMENTS OF SECTION 145 AND OTHER APPLICABLE REQUIREMENTS FOR THEIR TAX-EXEMPT BONDS. 0 OFFICER 16700 FINANCIAL AID FINANCIAL AID X 1 25000 FAIR MARKET VALUE X VOLLEYBALL TEAM UNIFORMS 1 1272 COST X GIFT CERTIFICATE 1 2200 FAIR MARKET VALUE false true false SCHEDULE M, PART I, COLUMN (B) TYPES OF PROPERTY REPORTING METHOD: THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED IN PART I, COLUMN (B). FORM 990, PART VI, SECTION A, QUESTION 2 FAMILY & BUSINESS RELATIONSHIPS: BOARD OF TRUSTEES MEMBER CLIFF BENSON, JR. IS THE FATHER OF BOARD OF TRUSTEES MEMBER CLIFF BENSON, III. FORM 990, PART VI, SECTION B, QUESTION 11B FORM 990 REVIEW PROCESS: The Form 990 is reviewed and discussed by Jonathan Walston, Controller and Miriam Leshnock, Chief Financial Officer, who provides the signature on the form. FORM 990, PART VI, SECTION B, QUESTION 12C MONITORING CONFLICTS OF INTEREST: THE ST. DAVID'S BOARD DISCUSSES ANNUAL EVENTS THAT MAY CAUSE A CONFLICT OF INTEREST AT THE MAY BOARD MEETING WHEN THE NEXT FISCAL YEAR BUDGET IS APPROVED. THE DISCUSSION IS DOCUMENTED IN THE MEETING MINUTES. THE CONFLICT OF INTEREST POLICY AND REPORTING PROCEDURES ARE ALSO PUBLISHED IN THE FACULTY AND STAFF HANDBOOKS THAT ARE DISTRIBUTED TO EACH EMPLOYEE AT THE BEGINNING OF THE ACADEMIC YEAR. FORM 990, PART VI, SECTION B, QUESTION 15A PROCESS FOR DETERMINING COMPENSATION: EACH YEAR THE PERSONNEL COMMITTEE OF THE BOARD SOLICITS FEEDBACK ON THE HEADMASTER'S PERFORMANCE OVER THE PAST YEAR THROUGH A SURVEY SENT TO FACULTY, STAFF, PARENTS AND BOARD MEMBERS. THE COMMITTEE TAKES THE INFORMATION OBTAINED THROUGH THE SURVEY INTO CONSIDERATION, ALONG WITH COMPARABLE DATA FOR COMPENSATION INFORMATION FROM SIMILAR ORGANIZATIONS OBTAINED BY A MEMBER OF THE BOARD, IN SETTING THE HEADMASTER'S SALARY FOR THE NEXT YEAR. THE SCHOOL CONDUCTS COMPARABILITY ANALYSES OF ALL POSITIONS PRIOR TO MAKING JOB OFFERS TO KEY EMPLOYEES. THE FINANCE COMMITTEE REVIEWS AND THE BOARD APPROVES SALARY RANGES FOR ALL NEW POSITIONS. ST. DAVID'S IS CURRENTLY FORMALIZING AN EMPLOYEE EVALUATION PROCESS FOR BOTH FACULTY AND STAFF TO BETTER CORRELATE PERFORMANCE WITH COMPENSATION. AS PART OF THIS PROCESS, EMPLOYEE SALARIES ARE BENCHMARKED VERSUS COMPARABILITY DATA AND REVIEWED BY THE HEADMASTER, CHIEF FINANCIAL OFFICER, AND FINANCE COMMITTEE CHAIRPERSON OF THE BOARD. FORM 990, PART VI, SECTION C, QUESTION 19 MAKING DOCUMENTS AVAILABLE TO THE PUBLIC: THE ORGANIZATION'S FORM 990 IS AVAILABLE ONLINE AT WWW.GUIDESTAR.ORG, WHERE IT IS CONFIRMED TO BE WIDELY AVAILABLE. THE ORGANIZATION'S GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST FOR INSPECTION AT OUR PRIMARY BUSINESS LOCATION DURING NORMAL BUSINESS HOURS. COPIES OF THE ABOVE DOCUMENTS MAY ALSO BE PROVIDED, UPON REQUEST, FOR A REASONABLE FEE TO DEFRAY COPYING AND POSTAGE EXPENSE. FORM 990, PART XI, LINE 9 OTHER CHANGES IN NET ASSETS OR FUND BALANCES: -$107 UNREALIZED LOSS ON CASH FLOW HEDGE