2014-11-03T10:09:18-06:00 2014-06-30 141918990 TEMPLETON & COMPANY LLP 222 LAKEVIEW AVENUE SUITE 1200 WEST PALM BEACH FL 33401 990 2013-07-01 590942383 ST ANDREW'S SCHOOL OF BOCA RATON INC STAN 5612102032 3900 JOG ROAD BOCA RATON FL 33434 PHILIP CORK ASSISTANT TREASURER 5612102032 2014-10-22 1 RICHARD JUBACK P00630706 5617989988 2013 2015-11-30 17:44:51Z PHILIP CORK 3900 JOG ROAD BOCA RATON FL 33434 45467677 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 24 527 20 1199 0 1506286 2480654 34653469 35605210 541118 1058321 220830 279406 36921703 39423591 3774356 3925923 0 0 18931493 19266443 0 0 1226907 15665246 15974427 38371095 39166793 -1449392 256798 63663184 63602267 54191629 52711921 9471555 10890346 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 1,295 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 27276112 3925923 33766604 ACADEMIC PROGRAM:- INSTRUCTION TO APPROXIMATELY 1,295 STUDENTS FROM GRADES PK-12 - INTERNATIONAL BACCALAUREATE PROGRAM FOR 11TH AND 12TH GRADERS- STUDENT ACTIVITIES- STUDENT FOOD SERVICES- SUMMER PROGRAMS 4470522 2100893 AUXILIARY SERVICES:- SCHOOL PUBLICATIONS, NEWSPAPER & YEARBOOK- AUXILIARY FACILITIES USAGE- INFIRMARY- SCHOOL STORE 31746634 1 1 0 0 0 0 0 1 0 1 1 0 0 1 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 1 0 0 0 0 1 0 0 0 1 31 0 527 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 MARYJO FINOCCHIARO CHAIR 3.00 X X 0 0 0 MARC SCOTT TRUSTEE 1.00 X 0 0 0 DR STEVEN M SHAPIRO TREASURER 3.00 X X 0 0 0 WILLIAM J CARAGOL JR ASSISTANT TREASURER 3.00 X X 0 0 0 NADINE B ASSAF SECRETARY 3.00 X X 0 0 0 LUIS H BALL ASSISTANT SECRETARY 3.00 X X 0 0 0 MELODY S CREESE TRUSTEE 1.00 X 0 0 0 FORREST HEATHCOTT TRUSTEE 1.00 X 0 0 0 JOHN D HODGEMAN TRUSTEE 1.00 X 0 0 0 THOMAS E LYNCH TRUSTEE 1.00 X 0 0 0 STEPHEN H SHELTON TRUSTEE 1.00 X 0 0 0 LUANNE M SPADEA-NACHMANN TRUSTEE 1.00 X 0 0 0 GARY PETERS VICE CHAIR 3.00 X X 0 0 0 PETER BENEDICT II EX OFFICIO/HEADMASTER 60.00 X X 129022 0 6110 REVEREND LEOPOLD FRADE EX OFFICIO 1.00 X 0 0 0 BLAIR ADAMS EX OFFICIO 1.00 X 0 0 0 REVEREND ANDREW J SHERMAN EX OFFICIO 1.00 X 0 0 0 KATHLEEN A ASSAF TRUSTEE EMERITI 1.00 X 0 0 0 J MURFREE BUTLER TRUSTEE EMERITI 1.00 X 0 0 0 MARILYN MAYER TRUSTEE EMERITI 1.00 X 0 0 0 EDGAR OTTO TRUSTEE EMERITI 1.00 X 0 0 0 HARRY S PATTEN TRUSTEE 1.00 X 0 0 0 MELISSA WRIGHT TRUSTEE 1.00 X 0 0 0 MICHAEL F ZAMMIELLO TRUSTEE 1.00 X 0 0 0 WILLIAM N MOSELEY EX OFFICIO 60.00 X 189881 0 14180 PHILIP CORK ASSOC HEADMAST OF FINANCE 60.00 X 185138 0 13213 KATHY VAN VALKENBURG BUSINESS MANAGER 60.00 X 130246 0 11901 PETER GALLO ASSOC HEADMAST OF DEVELOPM 60.00 X 167937 0 13567 ELIAS BASSIL CHIEF INFORMATION OFFICER 50.00 X 135773 0 12455 KILIAN FORGUS ASSOC HEADMAST OF ENROLLME 60.00 X 144996 0 11491 JULIAN DOMENECH HEAD OF UPPER SCHOOL 50.00 X 134700 0 6644 1217693 0 89561 8 0 1 0 0 167375 2313279 548367 2480654 TUITION BOARD & FEES 611110 33766604 33766604 SUMMER CAMPS & PROGRAMS 611710 1320660 1320660 FACILITY REVENUES 611710 412813 412813 STUDENT PUBLICATIONS 611710 105133 105133 35605210 256192 256192 5813242 5011113 802129 802129 802129 417772 167375 401852 15920 15920 857743 631121 226622 226622 OTHER MISCELLANEOUS 611710 35665 35665 COLLEGE POOL RENTAL 532000 1199 1199 36864 39423591 35867497 1199 1074241 3925923 3925923 1217693 134700 1082993 14180943 11692154 1861292 627497 2675004 2073783 497989 103232 1192803 924714 222057 46032 19827 19827 73146 73146 164648 90110 74538 198794 5408 29323 164063 125679 9949 109765 5965 5356147 5044934 271286 39927 131579 23329 60911 47339 1269222 634611 634611 3777000 3553704 195172 28124 30418 30418 CONTRACTED FOOD SERVICE 1758385 1758385 REPAIRS AND MAINTENANCE 614839 482592 132247 ACADEMIC SUPPLIES EXPEN 317260 317260 BANK FEES 249427 249427 1888056 1134770 663096 90190 39166793 31746634 6193252 1226907 3280344 13132457 10947889 1073083 420576 839245 207994 160929 483529 561376 1000653 549017 84969024 41998287 44357457 42970737 318853 106587 2645889 4208836 63663184 63602267 1613113 537067 17397935 18465022 29750000 28435000 5430581 5274832 54191629 52711921 X 8399571 9608618 1071984 1281728 9471555 10890346 63663184 63602267 X 256798 895082 266911 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 10619311 251794 10871105 10754718 -135407 10619311 11055374 -300656 10754718 10745575 309799 11055374 10140600 604975 10745575 0 1 1 4958242 4958242 59864889 25994060 33870829 8989894 7809524 1180370 11155999 8194703 2961296 42970737 INTANGIBLE ASSETS - NET OF ACCUMULATED AMORTIZATION 189149 DEPOSITS 47587 ARTWORK 332950 DUE FROM UNRESTRICTED FUNDS 3639150 4208836 FINANCIAL DERIVATIVE - INTEREST RATE SWAP 4889373 CAPITAL LEASE 385459 5274832 X 36994822 895082 675218 1570300 35424522 73146 3925923 3999069 39423591 35842942 675218 675218 35167724 73146 3925923 3999069 39166793 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. 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. 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, 2014 AND 2013, 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 2011. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 631,121. RENTAL EXPENSE 44,097. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS PAID 3,925,923. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 631,121. RENTAL EXPENSES 44,097. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS PAID 3,925,923. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 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 400817 167375 233442 124682 GOLF TOURNAMENT 63850 63850 19056 5 120480 120480 258114 585147 167375 417772 401852 401852 15920 1 FINANCIAL AID (167)/TUITION REMISSION (80) 247 3925923 COST OF ATTENDANCE 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 WILLIAM N MOSELEY EX OFFICIO 189881 0 0 0 0 0 0 0 14180 0 204061 0 0 0 PHILIP CORK ASSOC HEADMAST OF FINANCE 185138 0 0 0 0 0 3252 0 9961 0 198351 0 0 0 PETER GALLO ASSOC HEADMAST OF DEVELOPM 167937 0 0 0 0 0 2670 0 10897 0 181504 0 0 0 KILIAN FORGUS ASSOC HEADMAST OF ENROLLME 144996 0 0 0 0 0 1530 0 9961 0 156487 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 A 0 X 1 224750 FMV X EQUIPMENT 1 308498 FMV X GOLF CART 1 5000 FMV 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. 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 2013. FORM 990, PART VI, SECTION C, LINE 19 UPON WRITTEN REQUEST. FORM 990, PART XI, LINE 9: UNREALIZED LOSS ON CASH FLOW HEDGE 266,911. 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