2014-05-14T15:55:09-05:00 2013-06-30 510232475 Cover & Rossiter PA 62 Rockford Road Wilmington DE 198061004 990 2012-07-01 510079506 ST ANDREW'S SCHOOL OF DELAWARE INC STAN 3023789511 350 NOXONTOWN ROAD MIDDLETOWN DE 19709 Diane Winiarczyk 3023789511 2014-05-14 1 Peter Kennedy P00571422 3026566632 2014-05-14 2012 2015-11-30 17:44:51Z Diane Winiarczyk 350 NOXONTOWN ROAD MIDDLETOWN DE 19709 42080147 0 X www.standrews-de.org X 1929 DE St. Andrew's School is a coed boarding school, grades 9 through 12. 26 25 227 0 0 -6645 6213976 5086392 14137436 14977189 4588200 6519331 34482 5701 24974094 26588613 4989972 5161886 0 0 11863629 9896024 0 0 1103029 8140461 7858507 24994062 22916417 -19968 3672196 292149725 306183798 47494822 46606559 244654903 259577239 X The School's mission is to provide secondary education of a definitely Christian character at a minimum cost consistent with modern equipment and highest standards. St. Andrew's School is a coed boarding school of students and faculty who live on a pristine 2,200-acre campus, learning together and collaborating to pursue their passions in academics, athletics, service, and the arts. 0 0 20178415 5161886 14981585 The School is a coed boarding school, grades 9 through 12, providing a secondary education of a definitely Christian character in an entirely residential program. During fiscal year 12/13, the School enrolled 301 students & graduated 76, of whom all enrolled in college or university. 20178415 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 1 46 0 1 227 1 1 1 1 CJ UK 0 0 0 0 0 0 0 0 X 26 25 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X Diane Winiarczyk 3023789511 350 Noxontown Road Middletown DE 19709 KATHARINE DUPONT GAHAGAN 10.00 X X 0 0 0 J KENT SWEEZEY 20.00 X X 0 0 0 SCOTT M SIPPRELLE 5.00 X X 0 0 0 CAROLINE DUPONT PRICKETT 5.00 X X 0 0 0 ELIZABETH KIRKLAND CAHILL 5.00 X 0 0 0 THOMAS M BELK JR 5.00 X 0 0 0 CRISTINA STENBECK FITZGIBBONS 5.00 X 0 0 0 PAUL H HARRELL JR 5.00 X 0 0 0 SABINA B FORBES 5.00 X 0 0 0 MICHAEL D WARNER 5.00 X 0 0 0 ROBERT G GAHAGAN 5.00 X 0 0 0 MONIE T HARDWICK 5.00 X 0 0 0 THOMAS H HOOPER III 5.00 X 0 0 0 ALEXANDER P LYNCH 5.00 X 0 0 0 CAROLYN M MATTHEWS 5.00 X 0 0 0 ARTHUR M MILLER 5.00 X 0 0 0 ANNE T EGAN 5.00 X 0 0 0 TIMOTHY W PETERS 5.00 X 0 0 0 SALLY E PINGREE 5.00 X 0 0 0 HENRY DUPONT RIDGELY 5.00 X 0 0 0 GEORGE B SMITH 5.00 X 0 0 0 EDWARD M STRONG 5.00 X 0 0 0 ALEXANDER STUART 5.00 X 0 0 0 RICHARD B VAUGHAN 10.00 X 0 0 0 REV WAYNE P WRIGHT 5.00 X 0 0 0 WILLIAM H BROWNLEE 5.00 X 0 0 0 FRANCIS GIAMMATTEI JR 5.00 X 0 0 0 MAUREEN K HARRINGTON 5.00 X 0 0 0 HENRY N HERNDON JR 5.00 X 0 0 0 STEVEN B PFEIFFER 5.00 X 0 0 0 HENRY H SILLIMAN JR 5.00 X 0 0 0 H HICKMAN ROWLAND JR 5.00 X 0 0 0 DANIEL T ROACH JR 65.00 X 331524 0 102926 DIANE L WINIARCZYK 60.00 X 152710 0 80629 WILLIAM SPEERS 50.00 X 131415 0 69614 GORDON BROWNLEE 50.00 X 129464 0 70584 LOUISA ZENDT 50.00 X 103014 0 23694 848127 0 347447 5 0 1 0 Nowland Associates 2009 Ogletown Road Newark DE 19711 Construction 403507 Farrell Roofing Inc 201 West Lake Street Middletown DE 19709 Construction 178587 Warfel Construction Company 812 N Prince Street Lancaster PA 17604 Construction 151281 Pavsner press Inc PO Box 18455 Baltimore MD 21237 Printing 147538 Prime Buchholz & Associates Inc PO Box 16011 Lewiston ME 04243 Financial Services 131684 5 5086392 268118 5086392 TUITION 611600 14899500 14899500 STUDENT FEES 611600 116968 116968 AUXILIARY SERVICES 611600 -39279 -39279 14977189 1155461 1155461 110858 107788 3070 3070 3070 20572666 15208796 5363870 5363870 5363870 173185 174950 -1765 -1765 OTHER REVENUE 611600 4396 4396 4396 26588613 14981585 0 6520636 5161886 5161886 669360 424719 244641 7410607 6093819 650909 665879 -73223 -59073 -8116 -6034 1302316 1138582 58837 104897 586964 473535 65057 48372 24576 24576 67305 67305 262040 262040 177616 177616 19243 19243 361279 279681 41047 40551 187523 104131 81892 1500 1022763 875505 147258 227689 151511 1591 74587 31592 23486 6372 1734 1620392 1620392 67545 67545 FOOD SERVICE COSTS 1288359 1288359 REPAIRS & MAINTENANCE 861062 1213940 -352878 EQUIPMENT ACQUISITIONS 456209 449525 6684 PRINTING AND PUBLICATIO 216190 55752 61136 99302 967124 685806 209077 72241 22916417 20178415 1634973 1103029 2498879 2344654 6906756 3171506 129917 243341 114969 118731 1431248 1467408 121090778 0 119653018 121090778 118004174 127402729 37913801 47600088 1426522 1426522 4070441 1318041 292149725 306183798 1543715 1542353 39229413 39208319 375000 6721694 5480887 47494822 46606559 X 195778715 207517671 3796625 4632987 45079563 47426581 244654903 259577239 292149725 306183798 X 3672196 11213255 36885 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 167987654 5210903 17576980 7840839 182934698 177267986 1877322 -2348121 8809533 167987654 157556084 4177159 24011555 8476812 177267986 148868976 1938053 14713049 7963994 157556084 198052617 1196257 -40753244 9626654 148868976 0.72240 0.25930 0.01830 0 0 8028754 8028754 112411420 112411420 650604 650604 121090778 HEDGE FUNDS AND PRIVATE EQUITY - LEVEL 3 VALUATIONS 47600088 F 47600088 STUDENT TUITION DEPOSITS 1588957 DEFERRED INCOME 79351 CHARITABLE REMAINDER TRUST 159103 RETIREE INSURANCE OBLIGATION 682974 UNDERFUNDED PENSION LIABILITY 2005502 LIABILITY ON INTEREST RATE SWAP AGREEMENT 965000 5480887 X 45508071 11213255 7715456 18928711 26579360 9253 9253 26588613 30585737 7678573 7678573 22907164 9253 9253 22916417 Description of Intended Use of Endowment Funds: Part V, Line 4: The School's endowment fund supports scholarships and operation of the education program. Description of Uncertain Tax Positions Under FIN 48: Part X, Line 2: Line 2: The School has adopted the provisions of FASB ASC 740-10-50, Accounting for Uncertainty in Income Taxes. Management continually evaluates uncertain tax positions and expiring statutes of limitations, audits, proposed settlements, changes in tax law and new authoritative rulings, as applicable. Management's evaluation is that there is no income tax liability. This evaluation is based on settled and established positions within the Internal Revenue Code and management believes there is no significant uncertainty related to its evaluation. Part XI, Line 2d - Other Adjustments: Endowment draw 6,882,508. PRRSM Funding - capital expenses 807,695. Net loss on sale of inventory 1,765. Credit card and bank fees 23,488. Part XI, Line 4b - Other Adjustments: Auxiliary program income 4,713. Farm income 3,070. Rodney Point income 1,470. Part XII, Line 2d - Other Adjustments: Endowment draw 6,882,508. PRRSM Funding - capital expenses 807,695. Net loss on sale of inventory 1,765. Credit card and bank fees 23,488. Interest rate swap adjustment -374,883. Pension funding from endowment 338,000. Part XII, Line 4b - Other Adjustments: Rodney Point income 1,470. Auxiliary program income 4,713. Farm income 3,070. 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 Admissions brochures; ADVIS (Association Of Delaware Valley Independent Schools) public information ad carried in numerous area newspapers Caribbean 0 0 Investment 83029237 Europe 0 0 Investment 5677496 0 0 0 0 0 0 88706733 0 88706733 0 0 0 0 0 0 Method Used to Acccount for Expenditures: Schedule F, Part I, Line 3: FMV 1 SCHOLARSHIPS 133 5161886 FMV Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: Scholarship assistance is provided on the basis of need and applicants are evaluated by the School's Financial Aid Committee against established criteria. X X X 1 1 X X X 0 1 0 0 0 0 0 0 0 DANIEL T ROACH JR 331524 0 0 0 0 0 42000 0 65609 0 439133 0 0 0 DIANE L WINIARCZYK 152710 0 0 0 0 0 16240 0 66001 0 234951 0 0 0 WILLIAM SPEERS 131415 0 0 0 0 0 12570 0 59273 0 203258 0 0 0 GORDON BROWNLEE 129464 0 0 0 0 0 13540 0 58502 0 201506 0 0 0 Part I, Line 1a The School provides housing for the Headmaster and Associate Headmaster as a condition of employment. Both are considered to be key or highly compensated employees and as such are listed on the Form 990, Part VII. Part I, Line 4b The Headmaster, Daniel T. Roach, Jr. is a participant in a nonqualified Section 457 Plan. The School made a contribution of $16,500 during the year ended 6/30/13. A New Castle County Delaware 516000160 2008-12-23 9000000 Planned campus improvements and construction 0 0 0 B Delaware Economic Development Authority 510269736 246387PG3 2010-11-10 24000000 Refinance Series 2004 Bonds & a portion of Series 2008 Bonds 0 0 0 A 4000000 9000000 99633 8900367 2010 0 0 1 1 B 24262811 262811 24000000 2011 1 0 1 1 A 0 0 0 0 1 0 1 B 0 0 0 0 1 0 1 A 0 0 0 0 1 1 Bank of America 15.000000000000 0 0 0 0 1 B 0 0 0 0 0 0 NA 0 0 0 0 1 A 1 B 1 Part IV 2c: Computation date, 6/30/13 Timothy W Peters Member of the Board of Trustees 151281 Trustee Timothy W. Peters is a former shareholder of Warfel Construction Company, the general contractor on the fieldhouse construction project. The School accepted bids for the work and Warfel Construction Company was the lowest bid; in addition, the St. Andrew's School Board of Directors was aware of the relationship and approved the contract prior to the School's hiring Warfel Construction Company. 0 X 8 268118 Fair market value 0 1 1 Third Party Use: Part I, Line 32b: The School uses a brokerage account with an unrelated financial institution to process non-cash contributions of stock. Form 990, Part VI, Section A, line 2 Some Trustees have a common family relationship. Form 990, Part VI, Section B, line 11 Form 990 is reviewed by the CFO, the Chair of Finance Committee and the President of the Board. It is then made available to all Board Members prior to filing. Form 990, Part VI, Section B, line 12c Trustees are required to annually sign conflict of interest statements and disclose any known or potential conflicts of interest in these statements. Form 990, Part VI, Section B, line 15 St. Andrew's School's Trustees are all independent of the School's paid employees. Annually, the Trustees will make compensation decisions for its employees with no input from the employees themselves. Employees are not present when votes on compensation decisions are held and those votes are formally documented in the meeting minutes within one week of the meeting. The Trustees' decisions are based on their extensive knowledge and experience with compensation practices of other comparable organizations. Form 990, Part VI, Section C, line 19 There currently exists no legal requirement to make governing documents, conflict of interest policies or audited financial statements publicly available. St. Andrew's School of DE, Inc. has never received a request for information of this type. If any requests for this information should be received, they would be evaluated by the Trustees on a case by case basis. In general, the Trustees believe that the information available on this form (the 2012 Form 990) would be more than sufficient to respond to most legitimate inquiries. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 9: Interest rate swap adjustment 374,883. Pension funding from endowment -338,000. rounding adjustment 2. Form 990, Part XI, Line 2c: The School has an Audit & Finance Committee that assumes responsibility for oversight of the financial statement audit and the selection of the independent auditors. St Anne's Episcopal School Inc 211 Silver Lake Road Middletown DE 19709 510404800 Educational Institution DE 501(c)(3) 509(a)(1) 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 St Anne's Episcopal School Inc J 1 CONTRACT AGREEMENT St Anne's Episcopal School Inc R 139375 FMV