2015-02-05T10:21:02-06:00 2014-06-30 061009205 BLUM SHAPIRO & COMPANY PC 50 HOLDEN STREET PROVIDENCE RI 02908 990 2013-07-01 050369037 ST MICHAEL'S COUNTRY DAY SCHOOL STMI 4018495970 180 RHODE ISLAND AVENUE NEWPORT RI 02840 JOHN ZURN HEAD OF SCHOOL 4018495970 2015-02-04 1 DONALD SULLIVAN P00059830 4012725600 2013 2016-04-25 22:37:26Z JOHN ZURN 180 RHODE ISLAND AVENUE NEWPORT RI 02840 5852401 0 X WWW.SMCDS.ORG X 1971 RI THE ST. MICHAEL'S COUNTRY DAY SCHOOL COMMUNITY RESPECTS THAT EVERY STUDENT HAS UNIQUE TALENTS, ABILITIES, LEARNING STYLES, AND GOALS. THE SCHOOL EMBRACES THE DUAL PURPOSE OF PROVIDING A DYNAMIC CURRICULUM AND ADDRESSING THE NEEDS OF THE INDIVIDUAL WITHIN THAT CURRICULUM AND WITHIN THE COMMUNITY AT LARGE. THE PROGRAM ENCOURAGES HIGH ACADEMIC, ARTISTIC, ATHLETIC, AND ETHICAL STANDARDS ESSENTIAL FOR SUCCESS IN A COMPLEX AND CHANGING WORLD. ST. MICHAELS'S SEEKS TO INSTILL IN ITS STUDENTS THE ABILITY TO SUCCEED, THE RESILIENCY TO FACE CHALLENGE, AND THE EAGERNESS TO PURSUE CONTINUED LEARNING. 21 21 111 100 0 0 427735 316577 4854690 4547911 223293 28592 115206 74377 5620924 4967457 1132533 1143917 0 0 3108276 2929216 17517 0 82867 1452359 1154416 5710685 5227549 -89761 -260092 9092184 9078935 1291003 1260892 7801181 7818043 X THE ST. MICHAEL'S COUNTRY DAY SCHOOL COMMUNITY RESPECTS THAT EVERY STUDENT HAS UNIQUE TALENTS, ABILITIES, LEARNING STYLES, AND GOALS. THE SCHOOL EMBRACES THE DUAL PURPOSE OF PROVIDING A DYNAMIC CURRICULUM AND ADDRESSING THE NEEDS OF THE INDIVIDUAL WITHIN THAT CURRICULUM AND WITHIN THE COMMUNITY AT LARGE. THE PROGRAM ENCOURAGES HIGH ACADEMIC, ARTISTIC, ATHLETIC, AND ETHICAL STANDARDS ESSENTIAL FOR SUCCESS IN A COMPLEX AND CHANGING WORLD. ST. MICHAELS'S SEEKS TO INSTILL IN ITS STUDENTS THE ABILITY TO SUCCEED, THE RESILIENCY TO FACE CHALLENGE, AND THE EAGERNESS TO PURSUE CONTINUED LEARNING. 0 0 3864536 1143917 4300614 PROVIDING OF ELEMENTARY SCHOOL EDUCATION (GRADES PRESCHOOL THROUGH GRADE 8) SERVING APPROXIMATELY 196 STUDENTS DURING FY 2014. 125970 247297 PROVISION OF SPECIAL PROGRAMS CONSISTING OF MUSIC, AFTER-SCHOOL ACTIVITIES, TUTORING, SUMMER AND THEATER CAMPS, WHICH ARE PROVIDED OUTSIDE OF REGULAR CLASS WORK, FOR APPROXIMATELY 250 STUDENTS DURING FY 2014. 3990506 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 8 0 1 111 1 0 0 0 0 0 0 0 0 0 0 X 21 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 X TED FERRY 4018495970 180 RHODE ISLAND AVENUE NEWPORT RI 02840 BETHANY DI NAPOLI PRESIDENT 20.00 X X 0 0 0 ERIN FLYNN TREASURER 5.00 X X 0 0 0 WILLIAM BREYER TRUSTEE 5.00 X 0 0 0 REBECCA SMITH TRUSTEE 5.00 X 0 0 0 GAIL ALOFSIN TRUSTEE 5.00 X 0 0 0 GEORGE PETROVAS VICE PRESIDENT 5.00 X X 0 0 0 SUZI NANCE TRUSTEE 5.00 X 0 0 0 BRIAN SHANLEY TRUSTEE 5.00 X 0 0 0 PAUL WEBER TRUSTEE 5.00 X 0 0 0 ELIZABETH WYLIE TRUSTEE 5.00 X 0 0 0 NICHOLAS SUPRON TRUSTEE 5.00 X 0 0 0 DAVID THALMANN TRUSTEE 5.00 X 0 0 0 ALEXIS MARKOWSKI SECRETARY 5.00 X X 0 0 0 MOLLY DE RAMEL TRUSTEE 5.00 X 0 0 0 GRIFFIN FLYNN TRUSTEE 5.00 X 0 0 0 DAVID HOWE TRUSTEE 5.00 X 0 0 0 TERRY LANZA TRUSTEE 5.00 X 0 0 0 ERIC PETERSON TRUSTEE 5.00 X 0 0 0 CORY PLUMB TRUSTEE 5.00 X 0 0 0 PAMELA YOUNES TRUSTEE 5.00 X 0 0 0 JOHN DUNN TRUSTEE 5.00 X 0 0 0 WHITNEY C SLADE HEAD OF SCHOOL 60.00 X 185514 0 20798 185514 0 20798 1 0 1 0 0 13244 303333 19209 316577 TUITION AND FEES 611110 4300614 4300614 SPECIAL PROGRAMS 611110 247297 247297 4547911 9711 9711 20573 0 20573 20573 20573 833300 814419 18881 18881 18881 124329 70525 53804 53804 4967457 4547911 0 102969 X 1143917 1143917 206312 206312 2179434 1492791 632891 53752 89998 65935 21396 2667 266879 205202 55717 5960 186593 135836 46616 4141 20466 20466 41791 41791 82132 82132 50235 23523 22888 3824 43560 43560 99300 92349 4965 1986 196 196 16350 16350 357042 332049 17852 7141 50392 50392 REPAIRS & MAINTENANCE 145205 139462 4102 1641 OTHER OPERATING EXPENSE 89148 57593 29800 1755 CAMPS, TUTORS, BUSING & 67154 67154 PROFESSIONAL DEVELOPMEN 38581 23096 15485 52864 62529 -9665 5227549 3990506 1154176 82867 97416 101039 507030 148261 2350 2675 152824 140768 59617 62268 10834193 4233745 6819204 6600448 1453743 2023476 9092184 9078935 519524 406625 271890 285598 499589 568669 1291003 1260892 X 5812509 5678655 284148 434789 1704524 1704599 7801181 7818043 9092184 9078935 -260092 276954 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1827328 75 223854 71931 1979326 1716199 7350 174587 70808 1827328 1790891 2550 -21761 55481 1716199 1709831 538 138428 57906 1790891 383558 1319484 14307 7518 1709831 0.86120 0.13880 0 0 81955 81955 9676130 3419583 6256547 403374 273973 129401 672734 540189 132545 6600448 X 4383049 276954 70525 347479 4035570 20466 911421 931887 4967457 4366187 70525 70525 4295662 20466 911421 931887 5227549 PART V, LINE 4: THE ENDOWMENT FUNDS ARE USED FOR THE MAINTENANCE OF THE VAN BEUREN BUILDING, NEED-BASED SCHOLARSHIPS, DIVERSITY AND LEARNING DISABLED, PROFESSIONAL DEVELOPMENT FOR TEACHERS IN THE STUDY OF ALTERNATIVE LEARNING METHODS, AND FACULTY ENRICHMENT BEYOND THE CLASSROOM. PART X, LINE 2: THE SCHOOL ADOPTED GUIDANCE IN ASC 740, INCOME TAXES, RELATING TO UNCERTAIN TAX POSITIONS. THIS GUIDANCE PRESCRIBES A TWO STEP PROCESS FOR THE MEASUREMENT OF UNCERTAIN TAX POSITIONS THAT HAVE BEEN TAKEN OR ARE EXPECTED TO BE TAKEN ON A TAX RETURN. THE FIRST STEP IS A DETERMINATION OF WHETHER THE TAX POSITION SHOULD BE RECOGNIZED IN THE FINANCIAL STATEMENTS. THE SECOND STEP DETERMINES THE MEASUREMENT OF THE TAX POSITION. SUCH POSITIONS FOR A NONPROFIT CORPORATION WOULD INCLUDE THE NONPROFIT ORGANIZATIONS STATUS AS AN EXEMPT ENTITY, WHETHER THE ORGANIZATIONS ACTIVITIES ARE RELATED TO ITS TAX-EXEMPT PURPOSE AND, IF APPLICABLE, HOW THE ORGANIZATION ALLOCATES REVENUE AND EXPENSES BETWEEN EXEMPT PURPOSE AND UNRELATED BUSINESS ACTIVITIES. ASC 740 ALSO PROVIDES GUIDANCE ON DERECOGNITION OF SUCH TAX POSITIONS, CLASSIFICATION, POTENTIAL INTEREST AND PENALTIES, AND DISCLOSURE. NO UNCERTAIN TAX POSITIONS WITHIN THE SCOPE OF ASC 740 EXIST AS OF THE YEAR ENDED JUNE 30, 2014. THE SCHOOL REPORTS TAX-RELATED INTEREST AND PENALTIES, IF ANY, AS A COMPONENT OF INCOME TAX EXPENSE. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES INCLUDED ON PART VIII, LINE 8(B) 70,525. PART XI, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE 911,421. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES INCLUDED ON PART VIII, LINE 8(B) 70,525. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE 911,421. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 POLICY IS DESCRIBED IN ALL MEDIA, INTERVIEWS, BROCHURES, APPLICATIONS, ADMISSIONS AND ASSISTANCE MATERIAL SCHEDULE E, PART I, LINE 6 DURING THE 2013-14 SCHOOL YEAR, ST. MICHAEL'S COUNTRY DAY SCHOOL RECEIVED $13,244 OF TITLE II AID FROM THE CITY OF NEWPORT, RI FOR EDUCATIONAL CONSULTANTS, CONFERENCES, MEMBERSHIPS AND WORKSHOPS. LUNCH PROGRAM 53361 53361 45171 HOUSE TOUR 48313 48313 14636 4 22655 22655 10718 124329 124329 70525 70525 53804 1 NEED BASED FINANCIAL AID 72 911421 NEED BASED TUITION ASSISTANCE TUITION REMISSION 14 232496 TUITION REMISSION SCHEDULE I, PART I, LINE 2 THE FINANCIAL AID AWARDS ARE CREDITED TO THE STUDENT'S ACCOUNT THROUGH THE STUDENT BILLING SOFTWARE IN THE BUSINESS OFFICE. FOR RECIPIENTS OF NEED-BASED FINANCIAL AID, THE SCHOOL USES SCHOOL AND STUDENT SERVICES AS A GUIDE AND REQUIRES 2 YEARS OF INCOME TAX RETURNS. TO BE ELIGIBLE FOR TUITION REMISSION EMPLOYEES MUST BE EMPLOYED FULL TIME. REMISSION IS GRANTED TO A MAXIMUM OF 2 OF THE EMPLOYEES' CHILDREN. X X X 0 0 0 0 0 0 0 0 0 WHITNEY C SLADE HEAD OF SCHOOL 185514 0 0 0 0 0 8143 0 12655 0 206312 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 A COPY OF THE FORM 990 IS PROVIDED TO THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO THE RETURN BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C THE POLICY IS OVERSEEN BY THE CHAIR OF THE COMMITTEE OF TRUSTEES. ANY POTENTIAL CONFLICT WOULD BE REVIEWED WITH THE BOARD MEMBER. IF A CONFLICT WAS JUDGED TO EXIST, HE/SHE WOULD BE ADVISED TO RECUSE THEMSELF FROM DISCUSSION AND VOTING ON ANY RELATED ISSUE. IF THE CONFLICT IS SEVERE, THE INDIVIDUAL WOULD BE ADVISED TO RECUSE HIMSELF FROM THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS COMPARES THE COMPENSATION OF KEY INDIVIDUALS TO COMPENSATION PAID TO INDIVIDUALS IN SIMILAR POSITIONS AT SIMILAR-SIZED SCHOOLS. THE RESULTS OF THE COMMITTEE ARE REPORTED TO THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 24E LINE 24E INCLUDES A CREDIT BALANCE REFLECTING A CORRECTION OF AN OVER ACCRUAL OF A LEGAL SETTLEMENT IN A PRIOR YEAR. 990, PART XII, LINE 2C THE SCHOOL'S FINANCE COMMITTEE ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE FINANCIAL STATEMENT AUDIT AND THE SELECTION OF THE INDEPENDENT ACCOUNTANT.