2014-02-12T16:14:52-06:00 2013-06-30 141918990 TEMPLETON & COMPANY LLP 222 LAKEVIEW AVENUE SUITE 1200 WEST PALM BEACH FL 33401 990 2012-07-01 590942383 ST ANDREW'S SCHOOL OF BOCA RATON INC STAN 5612102032 3900 JOG ROAD BOCA RATON FL 33434 PHILIP CORK 5612102032 2014-02-12 1 RICHARD JUBACK P00630706 5617989988 2012 2015-11-30 17:44:51Z PHILIP CORK 3900 JOG ROAD BOCA RATON FL 33434 41867763 0 X WWW.SAINTANDREWS.NET X 1962 FL SAINT ANDREW'S SCHOOL WAS CHARTERED AS A BOARDING SCHOOL BY THE EPISCOPAL SCHOOL FOUNDATION IN BOCA RATON, FLORIDA IN 1961. THE SCHOOL'S MISSION WAS TO PROVIDE A RIGOROUS ACADEMIC EDUCATION TO 122 UPPER SCHOOL BOYS. OVER THE YEARS THE SCHOOL HAS EXPANDED IN SCOPE AND MISSION TO BECOME AN INDEPENDENT, CO-EDUCATIONAL SCHOOL WITH 1300 STUDENTS FROM GRADES JK - 12. TODAY, SAINT ANDREW'S IS BOTH A DAY AND BOARDING SCHOOL, EDUCATING STUDENTS FROM ACROSS THE UNITED STATES AND THROUGHOUT THE WORLD."HONOR ABOVE ALL" IS RECOGNIZED AS THE CORE VALUE OF THE SCHOOL, EMBODIED IN AN HONOR SYSTEM THAT UPHOLDS THE MORAL AND ETHICAL FOUNDATION OF THE SCHOOL'S MISSION. ACADEMIC EXCELLENCE AND EDUCATION IN MIND, BODY, AND SPIRIT REFLECT THE SAINT ANDREW'S EXPERIENCE. THE SCHOOL HAS DEVELOPED A CHALLENGING COLLEGE PREPARATORY CURRICULUM, AN IMPRESSIVE ATHLETIC RECORD, AND A DEEP COMMITMENT TO COMMUNITY SERVICE. 24 24 524 20 -20038 -20038 2260691 1506286 33770977 34653469 428740 541118 195476 220830 36655884 36921703 3821238 3774356 0 0 18269079 18931493 0 0 1203165 14646953 15665246 36737270 38371095 -81386 -1449392 65417698 63663184 57347717 54191629 8069981 9471555 X SAINT ANDREW'S SCHOOL WAS CHARTERED AS A BOARDING SCHOOL BY THE EPISCOPAL SCHOOL FOUNDATION IN BOCA RATON, FLORIDA, IN 1961. THE SCHOOL'S MISSION WAS TO PROVIDE A RIGOROUS ACADEMIC EDUCATION TO 122 UPPER SCHOOL BOYS. OVER THE YEARS THE SCHOOL HAS EXPANDED IN SCOPE AND MISSION TO BECOME AN INDEPENDENT, CO-EDUCATIONAL SCHOOL WITH 1300 STUDENTS FROM GRADES JK - 12. TODAY, SAINT ANDREW'S IS BOTH A DAY AND BOARDING SCHOOL, EDUCATING STUDENTS FROM ACROSS THE UNITED STATES AND THROUGHOUT THE WORLD."HONOR ABOVE ALL" IS RECOGNIZED AS THE CORE VALUE OF THE SCHOOL, EMBODIED IN AN HONOR SYSTEM THAT UPHOLDS THE MORAL AND ETHICAL FOUNDATION OF THE SCHOOL'S MISSION. ACADEMIC EXCELLENCE AND EDUCATION IN MIND, BODY, AND SPIRIT REFLECT THE SAINT ANDREW'S EXPERIENCE. THE SCHOOL HAS DEVELOPED A CHALLENGING COLLEGE PREPARATORY CURRICULUM, AN IMPRESSIVE ATHLETIC RECORD, AND A DEEP COMMITMENT TO COMMUNITY SERVICE. 0 0 29306487 3774356 34302075 ACADEMIC PROGRAM:- INSTRUCTION TO APPROXIMATELY 1298 STUDENTS FROM GRADES PK-12 - INTERNATIONAL BACCALAUREATE PROGRAM FOR 11TH AND 12TH GRADERS- STUDENT ACTIVITIES- STUDENT FOOD SERVICES- SUMMER PROGRAMS 2033729 518896 AUXILIARY SERVICES:- SCHOOL PUBLICATIONS, NEWSPAPER & YEARBOOK- AUXILIARY FACILITIES USAGE- INFIRMARY- SCHOOL STORE 31340216 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 0 1 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 30 1 524 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 24 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 FL X X PHILIP CORK 5612102032 3900 JOG ROAD BOCA RATON FL 33434 JEFFREY A STOOPS 3.00 X X 0 0 0 DIANE C BOK 3.00 X X 0 0 0 GARY PETERS 3.00 X X 0 0 0 DR STEVEN M SHAPIRO 3.00 X X 0 0 0 MARY JO FINOCCHIARO 3.00 X X 0 0 0 NADINE B ASSAF 3.00 X X 0 0 0 LUIS H BALL 1.00 X 0 0 0 MARK J BELLISSIMO 1.00 X 0 0 0 WILLIAM J CARAGOL JR 1.00 X 0 0 0 MELODY S CREESE 1.00 X 0 0 0 FORREST HEATHCOTT 1.00 X 0 0 0 JOHN D HODGEMAN 1.00 X 0 0 0 CATHY MOABERY 1.00 X 0 0 0 STEPHEN H SHELTON 1.00 X 0 0 0 LUANNE M SPADEA-NACHMANN 1.00 X 0 0 0 WILLIAMS S WEPRIN 1.00 X 0 0 0 DR ANN MARIE KREJCAREK 60.00 X X 238357 0 28567 REVEREND LEOPOLD FRADE 1.00 X 0 0 0 RYAN P CARLSON 1.00 X 0 0 0 REVEREND ANDREW J SHERMAN 1.00 X 0 0 0 KATHLEEN A ASSAF 1.00 X 0 0 0 J MURFREE BUTLER 1.00 X 0 0 0 MARILYN MAYER 1.00 X 0 0 0 EDGAR OTTO 1.00 X 0 0 0 LISA A DESMOND 1.00 X 0 0 0 MELISSA WRIGHT 1.00 X 0 0 0 MICHAEL F ZAMMIELLO 1.00 X 0 0 0 WILLIAM N MOSELEY 60.00 X 165016 0 12298 PHILIP CORK 60.00 X 165642 0 23668 KATHY VAN VALKENBURG 60.00 X 136350 0 21449 PETER GALLO 60.00 X 148943 0 29817 ELIAS BASSIL 50.00 X 133425 0 56374 KILIAN FORGUS 60.00 X 124324 0 50975 DUNCAN HOSSACK 50.00 X 130383 0 16233 ANN HAYNES 50.00 X 123390 0 17637 JULIAN DOMENECH 50.00 X 133700 0 12749 DIANE JONES 50.00 X 130190 0 19711 ROBERT BOURESSA 50.00 X 123490 0 48909 VERONICA BIDDER 50.00 X 108140 0 16868 STEPHEN CASSIDY 50.00 X 107850 0 47202 MICHAEL JACOBS 50.00 X 101849 0 21628 2071049 0 424085 15 0 1 0 0 37388 1468898 12653 1506286 TUITION BOARD & FEES 611110 32773679 32773679 SUMMER CAMPS & PROGRAMS 611710 1404447 1404447 FACILITY REVENUES 611710 369633 369633 STUDENT PUBLICATIONS 611710 105710 105710 34653469 352533 352533 4065597 3877012 188585 188585 188585 460166 37388 386800 73366 73366 806197 682248 123949 123949 OTHER MISCELLANEOUS 611710 43553 43553 COLLEGE POOL RENTAL 532000 -20038 -20038 23515 36921703 34820971 -20038 614484 3774356 3774356 2071049 857170 1213879 13137175 10870821 1672176 594178 2522356 1936975 481345 104036 1200913 922208 229172 49533 65119 65119 202455 130126 72329 222220 4182 24826 193212 123055 10394 104714 7947 5517878 5197268 279478 41132 160204 63869 47687 48648 1312148 656074 656074 3645141 3433345 184624 27172 24023 24023 CONTRACTED FOOD SERVICE 1641218 1641218 REPAIRS AND MAINTENANCE 499945 391562 108383 ATHLETIC EXPENSE 337867 337867 ACADEMIC SUPPLIES EXPEN 313033 313033 1600940 905851 630111 64978 38371095 31340216 5827714 1203165 3216757 3280344 10794706 10947889 1058670 420576 192993 207994 498900 483529 840116 1000653 83130772 38773315 46284899 44357457 605187 318853 1925470 2645889 65417698 63663184 1488599 1613113 17185055 17397935 30945000 29750000 7729063 5430581 57347717 54191629 X 6814405 8399571 1255576 1071984 8069981 9471555 65417698 63663184 X -1449392 689633 2161333 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 10754718 -135407 10619311 11055374 -300656 10754718 10745575 309799 11055374 10140600 604975 10745575 9635764 504836 10140600 0 1 1 4958242 4958242 58350652 23855978 34494674 8334620 7076139 1258481 11487258 7841198 3646060 44357457 FINANCIAL DERIVATIVE - INTEREST RATE SWAP 5156285 CAPITAL LEASE 274296 5430581 X 34368449 689633 731996 1421629 32946820 65119 3909764 3974883 36921703 35263616 731996 731996 34531620 65119 3774356 3839475 38371095 PART III, LINE 4: THE SCHOOL MAINTAINS MAYAN POTTERY AND PAINTINGS TO ASSIST IN THE EDUCATION OF THE TOPIC TO THE STUDENT BODY AND TO PRESERVE FOR THE USE OF FUTURE STUDENTS. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE INTENDED USE OF THE ENDOWMENT FUNDS IS TO GENERATE INCOME TO SUPPORT FINANCIAL AID, TO SUPPORT FACULTY SALARIES, TO FUND PROFESSIONAL DEVELOPMENT AND TO MAINTAIN FACILITIES. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: SAINT ANDREW'S AND THE FUND HAVE BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS ORGANIZATIONS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED IN THE CONSOLIDATED FINANCIAL STATEMENTS. SAINT ANDREW'S AND THE FUND ARE REQUIRED TO OPERATE IN CONFORMITY WITH THE PROVISIONS OF THE IRC TO MAINTAIN THEIR EXEMPT STATUS. THE SCHOOL ANALYZES TAX POSITIONS IN JURISDICTIONS WHERE IT IS REQUIRED TO FILE INCOME TAX RETURNS. BASED ON ITS EVALUATION, THE SCHOOL DID NOT IDENTIFY ANY TAX POSITIONS FOR WHICH IT IS REASONABLY POSSIBLE THAT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS WILL SIGNIFICANTLY INCREASE OR DECREASE. FOR THE YEARS ENDED JUNE 30, 2013 AND 2012, THERE WERE NO RELATED INTEREST OR PENALTIES RECORDED OR INCLUDED IN THE SCHOOL'S FINANCIAL STATEMENTS. THE SCHOOL IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR FISCAL YEARS PRIOR TO 2010. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 682,248. RENTAL EXPENSE 49,748. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS PAID 3,774,356. TRANSFER TO ENDOWMENT FUND 135,408. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 682,248. RENTAL EXPENSES 49,748. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS PAID 3,774,356. 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 ADVERTISEMENTS ARE PLACED IN THREE NEWSPAPERS SERVING AREAS FROM WHICH STUDENTS ARE RECRUITED. COPIES OF ADVERTISEMENTS ARE ON FILE IN ACCORDANCE WITH REVENUE PROCEDURES 75-70, SECTION 7. AUCTION 288250 37388 250862 93585 GOLF TOURNAMENT 120607 120607 21313 5 88697 88697 271902 497554 37388 460166 386800 386800 73366 1 FINANCIAL AID (173)/TUITION REMISSION (68) 241 3774356 COST OF ATTENDANCE PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: FINANCIAL AID IS AWARDED BASED ON FINANCIAL NEED. FINANCIAL NEED IS DETERMINED FROM A COMPLETED FINANCIAL AID APPLICATION SUBMITTED BY THE FAMILY REQUESTING AID. THE SCHOOL'S FINANCIAL AID COMMITTEE USES A THIRD-PARTY SERVICE TO HELP TO OBJECTIVELY DETERMINE A FAMILY'S ABILITY TO PAY FOR SCHOOL TUITION AND OTHER EDUCATIONAL EXPENSES, BASED ON A PARENTS' FINANCIAL STATEMENT AND ANY ADDITIONAL SUPPORTING DOCUMENTATION FROM THE FAMILY AS MAY BE NEEDED. X 1 1 X X X 0 0 0 0 0 0 0 0 0 DR ANN MARIE KREJCAREK 238357 0 0 0 0 0 8500 0 20067 0 266924 0 0 0 WILLIAM N MOSELEY 165016 0 0 0 0 0 0 0 12298 0 177314 0 0 0 PHILIP CORK 165642 0 0 0 0 0 0 0 23668 0 189310 0 0 0 KATHY VAN VALKENBURG 136350 0 0 0 0 0 0 0 21449 0 157799 0 0 0 PETER GALLO 148943 0 0 0 0 0 0 0 29817 0 178760 0 0 0 ELIAS BASSIL 132225 0 0 0 1200 0 0 0 56374 0 189799 0 0 0 KILIAN FORGUS 124324 0 0 0 0 0 0 0 50975 0 175299 0 0 0 ROBERT BOURESSA 122770 0 0 0 720 0 0 0 48909 0 172399 0 0 0 STEPHEN CASSIDY 107850 0 0 0 0 0 0 0 47202 0 155052 0 0 0 PART I, LINE 1A CERTAIN KEY EMPLOYEES AND HIGHLY COMPENSATED EMPLOYEES RECEIVE A HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE FOR THE BENEFIT OF THE SCHOOL. A PALM BEACH COUNTY FLORIDA 596000785 696547EX2 2007-06-14 36000000 SEE SCHEDULE O 0 0 0 A 0 0 0 0 A 0 0 0 0 0 0 0 A 0 0 0 0 1 1 BANK OF AMERICA 31.300000000000 0 0 0 0 0 FORM 990, PART 1, LINE 1, DESCRIPTION OF ORGANIZATION MISSION (CON'T): THE ACADEMIC PROGRAM IS DESIGNED WITH A COMMITMENT TO EDUCATING THE "WHOLE CHILD" WHILE INSTILLING A DEDICATION TO LIFE-LONG LEARNING. THE SCHOOL PRODUCES GRADUATES WHO HAVE EARNED AN OUTSTANDING RECORD OF COLLEGE PLACEMENT, AS WELL AS ACHIEVEMENT IN SCHOLARSHIP, THE ARTS, AND ATHLETICS. AS AN EPISCOPAL SCHOOL, WE WELCOME STUDENTS OF ALL FAITHS, CUSTOMS, CULTURES ADN BELIEFS. ADMISSION IS HIGHLY COMPETITIVE AND APPLICANTS ARE ACCEPTED WITHOUT REGARD TO ECONOMICS, EHTNICITY, OR DENOMINATIONAL STATUS. ORGANIZATION MISSION STATEMENT FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION (CON'T): THE ACADEMIC PROGRAM IS DESIGNED WITH A COMMITMENT TO EDUCATING THE "WHOLE CHILD" WHILE INSTILLING A DEDICATION TO LIFE-LONG LEARNING. THE SCHOOL PRODUCES GRADUATES WHO HAVE EARNED AN OUTSTANDING RECORD OF COLLEGE PLACEMENT, AS WELL AS ACHIEVEMENT IN SCHOLARSHIP, THE ARTS, AND ATHLETICS. AS AN EPISCOPAL SCHOOL, WE WELCOME STUDENTS OF ALL FAITHS, CUSTOMS, CULTURES AND BELIEFS. ADMISSION IS HIGHLY COMPETITIVE AND APPLICANTS ARE ACCEPTED WITHOUT REGARD TO ECONOMICS, ETHNICITY, OR DENOMINATIONAL STATUS. FORM 990, PART VI, SECTION B, LINE 11 ALL VOTING BOARD MEMBERS WERE PROVIDED A COPY OF FORM 990 FOR REVIEW PRIOR TO FILING. A COPY OF FORM 990 IS ALSO PROVIDED TO THE SCHOOL'S AUDIT COMMITTEE FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C SCHOOL HAS A WRITTEN CONFLICT OF INTEREST POLICY, WHICH REQUIRES THE BOARD OF TRUSTEES, OFFICERS AND MANAGERS TO REVIEW ANNUALLY THE REQUIREMENTS FOR THIS POLICY. THE BOARD, OFFICERS AND MANAGERS ACKNOWLEDGE ANNUALLY IN WRITING THEIR COMMITMENT TO FOLLOWING THIS POLICY. DETERMINATION OF WHETHER A CONFLICT EXISTS IS MADE BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES, OR IF APPEALED BY THE FULL BOARD OF TRUSTEES. TRUSTEES, OFFICERS AND MANAGERS FOUND TO HAVE A CONFLICT OF INTEREST ARE PROHIBITED FROM DELIBERATIONS OR DECISIONS ON THE TRANSACTION. DISCLOSURE OR ACKNOWLEDGEMENT OF A CONFLICT OF INTEREST IS NOTED IN THE MINUTES OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 15A HEADMASTER'S COMPENSATION APPROVED ANNUALLY BY BOARD OF TRUSTEES. CHAIR OF THE BOARD OF TRUSTEES MAKES RECOMMENDATION TO BOARD OF TRUSTEES, USING COMPARABLE COMPENSATION DATA FOR SIMILARLY QUALIFIED PERSONS IN SIMILAR HEADMASTER POSITIONS IN SIMILARLY SITUATED INDEPENDENT SCHOOLS. THIS PROCESS WAS LAST COMPLETED IN 2012. FORM 990, PART VI, SECTION C, LINE 19 UPON WRITTEN REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: UNREALIZED LOSS ON CASH FLOW HEDGE 2,161,333. FORM 990, PART XII, LINE 2C: THE SCHOOL'S AUDIT COMMITTEE HAS NOT CHANGED ITS OVERSIGHT OR SELECTION PROCESS OF THE AUDIT. SAINT ANDREW'S SCHOOL ENDOWMENT FUND INC 3900 JOG ROAD BOCA RATON FL 33434 591622670 TO HOLD AND INVEST CERTAIN CONTRIBUTIONS AND TRANSFER EARNINGS FL 501(C)(3) 509(A)(3) TYPE 1 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0