2014-02-11T14:25:47-06:00 2013-06-30 061009205 BLUM SHAPIRO & COMPANY PC CPA'S 29 S MAIN STREET PO BOX 272000 WEST HARTFORD CT 061272000 990 2012-07-01 050259009 ST GEORGE'S SCHOOL STGE 4018477565 PO BOX 1910 NEWPORT RI 028400190 ELIZABETH F MCGRATH 4018477565 2014-02-10 1 ELIZABETH SOLECKI P00235171 8605614000 2012 2015-11-30 17:44:51Z ELIZABETH F MCGRATH 372 PURGATORY ROAD MIDDLETOWN RI 02842 45214245 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 POSSIBLE THE PARTICULAR GIFTS THAT ARE THEIRS AND TO ENCOURAGE IN THEM THE DESIRE TO DO SO. 25 24 244 275 44433 -4079 5751721 6034190 16835124 17907393 7249564 6237980 863008 734844 30699417 30914407 3981412 3596196 0 0 11558824 12790617 39913 0 2725278 12742629 13982628 28322778 30369441 2376639 544966 183282729 195282099 29465928 27375949 153816801 167906150 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 23666370 3596196 18426335 ST. GEORGE'S SCHOOL PRIMARILY PROVIDES INSTRUCTION AND STUDENT EDUCATION SUPPORT TO STUDENTS IN GRADES 9-12. 23666370 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 1 0 0 0 1 65 0 1 244 1 1 1 0 0 0 0 0 0 0 0 0 X 25 24 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 50.00 X X 341134 0 70063 RODULPHUS BETHEA JR 2.00 X 0 0 0 WILLIAM G DEAN 2.00 X 0 0 0 BARBARA PUTNAM 2.00 X 0 0 0 WILLIAM C DORSEY 2.00 X 0 0 0 DAVID HALWIG 2.00 X 0 0 0 FRANCIS S BRANIN JR 2.00 X X 0 0 0 LESLIE BATHGATE HEANEY 2.00 X 0 0 0 JOSEPH C HOOPES JR 2.00 X 0 0 0 BETTS H MURRAY 2.00 X X 0 0 0 JONATHAN T ISHAM JR 2.00 X 0 0 0 THE RT REV HAYS H ROCKWELL 2.00 X 0 0 0 RICHARD A WAYNER 2.00 X 0 0 0 CHARLES K WILLIAMS III 2.00 X 0 0 0 LAURA S DE RAMEL 2.00 X 0 0 0 LAURA F PEDRICK 2.00 X 0 0 0 WILLIAM PRESCOTT JR 2.00 X 0 0 0 CHRISTOPHER B SAROFIM 2.00 X 0 0 0 PAMELA G LAYTON 2.00 X 0 0 0 ANNE T MCCORMACK 2.00 X 0 0 0 DAVID A MCELHINNY 2.00 X 0 0 0 DANA L SCHMALTZ 2.00 X X 0 0 0 LANGDON VAN NORDEN JR 2.00 X 0 0 0 ARTHUR LEE 2.00 X 0 0 0 DRAYTON T VIRKLER 2.00 X 0 0 0 ELIZABETH F MCGRATH 50.00 X 140315 0 24910 ROBERT G WESTON 50.00 X 137976 0 125578 GEORGE STAPLES 50.00 X 134501 0 59596 PATRICIA MOSS 50.00 X 139061 0 25910 THOMAS P CALLAHAN 30.00 X 141351 0 33726 PAUL R HIGGINS 50.00 X 262975 0 106128 KATHERINE TITUS 50.00 X 113596 0 56829 1410909 0 502740 8 0 1 0 SAGE DINING SERVICES INC 222 BOSLEY AVENUE SUITE B7 TOWNSON MD 21204 DINING SERVICES 1569938 SHAWMUT DESIGN AND CONSTRUCTION SUITE A 275-3 DAVOL SQUARE PROVIDENCE RI 02903 CONSTRUCTION CONTRACTOR 1499225 ABM JANITORIAL SERVICES PO BOX 1534 NEW YORK NY 100081534 CLEANING SERVICES 635378 COASTAL ELECTRIC PO BOX 3605 NEWPORT RI 02840 ELECTRICAL CONTRACTOR 187999 VIKING MOTOR TOURS PO BOX 330 NEWPORT RI 02840 BUS SERVICES 134758 7 6034190 1174211 6034190 STUDENT SERVICES 900099 17907393 17907393 17907393 3123101 3123101 17414717 14290856 8982 3123861 -8982 3114879 3114879 171469 0 171469 171469 MISCELLANEOUS INCOME 900099 563375 518942 44433 563375 30914407 18426335 44433 6409449 3596196 3596196 834528 30000 643610 160918 8321993 6213642 1258909 849442 968741 685506 186754 96481 2021437 1823874 89008 108555 643918 474507 110452 58959 15684 15684 53010 53010 289726 289726 1213207 1061578 13998 137631 188453 39810 956 147687 319909 284874 17901 17134 469565 286262 174620 8683 962054 913951 48103 518094 369140 18788 130166 176377 96340 34512 45525 392551 372923 19628 3174394 3015674 158720 298274 298274 DINING SERVICES 1744925 1707720 37205 FACILITY REPAIRS 771595 720515 38848 12232 CLEANING SERVICES 686383 686383 2708427 1287475 506292 914660 30369441 23666370 3977793 2725278 616330 381205 4322648 2431875 137787 148059 190000 171000 450337 474777 222916 216488 296324 394263 89590037 41918816 48774686 47671221 127817646 142871610 454055 521601 183282729 195282099 2883649 2917707 2580768 3117521 17670000 17140000 1431000 855000 4900511 3345721 29465928 27375949 X 59366638 62958133 32848249 40089443 61601914 64858574 153816801 167906150 183282729 195282099 X 544966 10829638 2714745 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 108924257 2012100 16810996 3611249 124136104 111040646 552081 3462249 6130719 108924257 92289352 1707137 22998584 5954427 111040646 84827067 2501892 11508047 6547654 92289352 105215040 3444762 -16960125 6872610 84827067 0.25990 0.47720 0.26290 1 0 791488 791488 70114476 31135725 38978751 12482115 8365187 4116928 6201958 2417904 3784054 47671221 INVESTMENTS 130797040 F SPLIT INTEREST AGREEMENTS 12074570 F 142871610 DUE TO BENEFICIARIES OF SPLIT INTEREST AGREEMENTS 1985749 INTEREST RATE SWAP 1359972 3345721 40145432 10829626 -1598601 9231025 30914407 0 30914407 26056095 0 26056095 4313346 4313346 30369441 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: 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 -4,313,346. UNREALIZED GAIN ON INTEREST RATE HEDGING RELATED TO BONDS 752,868. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 1,961,877. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID/TUITION REMISSION 4,313,346. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 ST. GEORGE'S SCHOOL ADMITS MALE AND FEMALE STUDENTS OF ANY RELIGION, RACE, COLOR, SEXUAL ORIENTATION, 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 OR 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. 1 STUDENT SCHOLARSHIPS - DAY & BOARDING TUITION 95 3479856 FMV CREDITS AGAINST TUITION DUE EDUCATIONAL SUPPLIES 51 4539 111801 FMV LAPTOP COMPUTERS, INSURANCE, ETC. SCHOLARSHIP & MEDICAL INSURANCE 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 1 0 0 0 0 0 0 1 0 ERIC PETERSON 267676 0 63000 0 10458 0 26741 0 43322 0 411197 0 0 0 ELIZABETH F MCGRATH 139835 0 0 0 480 0 15719 0 9191 0 165225 0 0 0 ROBERT G WESTON 137976 0 0 0 0 0 16170 0 109408 0 263554 0 0 0 GEORGE STAPLES 134501 0 0 0 0 0 15719 0 43877 0 194097 0 0 0 PATRICIA MOSS 138581 0 0 0 480 0 15719 0 10191 0 164971 0 0 0 THOMAS P CALLAHAN 141351 0 0 0 0 0 16264 0 17462 0 175077 0 0 0 PAUL R HIGGINS 171075 0 0 0 91900 0 27500 0 78628 0 369103 0 0 0 KATHERINE TITUS 113596 0 0 0 0 0 13393 0 43436 0 170425 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 4A PAUL HIGGINS RECEIVED SEVERANCE DURING CALENDAR YEAR 2012. PART I, LINE 7 THE HEAD OF SCHOOL'S BONUS IS DETERMINED BY THE BOARD CHAIR BASED ON ACHIEVEMENT OF PERFORMANCE GOALS. A RHODE ISLAND HEALTH & EDUCATION BUILDING CORPORATION 521300173 762195CH6 2003-10-22 18000000 SEE PART IV 0 0 0 B RHODE ISLAND HEALTH & EDUCATION BUILDING CORPORATION 521300173 2010-12-29 4000000 SEE PART IV 0 0 0 A 4560000 18000000 166324 32884 6251271 11549521 1 0 1 1 B 300000 4000000 4000000 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 0 1 1 0 0 0 0 B 0 0 0 1 1 0 0 0 0 A 0 B 0 SCHEDULE K, SUPPLEMENTAL INFORMATION: THE PROJECT FOR BOND A CONSISTS PRIMARILY 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 APPROXIMATELY $11,575,000 OF OUTSTANDING DEBT FROM THE SCHOOL'S SERIES 2000 BOND ISSUE. THE PROJECT FOR BOND B CONSISTS ENTIRELY OF REFUNDING A $4 MILLION LINE OF CREDIT NOTE ISSUED ON 11/29/2007. SCHEDULE K, PART II, LINE 11: BOND PROCEEDS WERE USED TO REFUND PRIOR ISSUES. SCHEDULE K, PART IV, LINE 2C: REBATE COMPUTATION WAS PERFORMED ON 12/31/2012. SCHEDULE K, PART V: ST. GEORGE'S SCHOOL IS CURRENTLY IN THE PROCESS OF ESTABLISHING WRITTEN PROCEDURES RELATED TO POST-ISSUANCE COMPLIANCE FOR TAX-EXEMPT BONDS. THESE WRITTEN PROCEDURES ARE EXPECTED TO BE IN PLACE BY JUNE 30, 2014. ERIC F PETERSON HEAD OF SCHOOL PROMISSORY NOTE FOR PURCHASE OF RESIDENCE X 190000 171000 0 1 1 171000 KRISTA L PETERSON SPOUSE OF OFFICER 47200 EMPLOYMENT 0 ANN R WESTON SPOUSE OF OFFICER 44781 EMPLOYMENT 0 X 59 1174211 FAIR MARKET VALUE 0 0 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: UNREALIZED GAIN ON INTEREST RATE HEDGE 752,868. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 1,961,877. 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