2014-02-06T12:55:22-06:00 2013-06-30 061009205 BLUM SHAPIRO & COMPANY PC CPAS 50 HOLDEN STREET PROVIDENCE RI 02908 990 2012-07-01 050369037 ST MICHAEL'S COUNTRY DAY SCHOOL STMI 4018495970 180 RHODE ISLAND AVENUE NEWPORT RI 02840 WHITNEY SLADE 4018495970 2014-01-21 1 MONICA MOTTA P01316400 4012725600 2012 2015-11-30 17:44:51Z WHITNEY SLADE 180 RHODE ISLAND AVENUE NEWPORT RI 02840 8461899 0 X WWW.STMICHAELSCOUNTRYDAY.ORG X 1971 RI THE ST. MICHAEL'S COUNTRY DAY 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. 27 27 117 120 0 0 439939 427735 4827300 4854690 -2148 223293 72848 115206 5337939 5620924 1134395 1132533 0 0 3019839 3108276 17121 17517 101608 1289717 1452359 5461072 5710685 -123133 -89761 9167719 9092184 1274913 1291003 7892806 7801181 X THE ST. MICHAEL'S COUNTRY DAY 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. 0 0 4178860 1132533 4543541 PROVIDING OF ELEMENTARY SCHOOL EDUCATION (GRADES PRESCHOOL THROUGH GRADE 8) SERVING APPROXIMATELY 218 STUDENTS DURING FY 2013. 143076 296249 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 2013. 4321936 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 1 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 19 0 1 117 1 0 0 0 0 0 0 0 0 0 0 X 27 27 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X TED FERRY 4018495970 180 RHODE ISLAND AVENUE NEWPORT RI 02840 BETHANY DI NAPOLI 20.00 X X 0 0 0 STEVE SITRIN 5.00 X X 0 0 0 WILLIAM BREYER 5.00 X 0 0 0 REBECCA SMITH 5.00 X 0 0 0 ERIN FLYNN 5.00 X 0 0 0 GAIL ALOFSIN 5.00 X 0 0 0 DAVID CANEPARI 5.00 X 0 0 0 ERIC PETERSON 5.00 X 0 0 0 DAVID HOWE 5.00 X 0 0 0 JOHN DUNN 5.00 X 0 0 0 JILL GUDOIAN 5.00 X X 0 0 0 SUZI NANCE 5.00 X 0 0 0 ELAINE LINDH 5.00 X X 0 0 0 GEORGE PETROVAS 5.00 X 0 0 0 DAVID G BAZARSKY 5.00 X 0 0 0 KIRTLEY CAMERON 5.00 X 0 0 0 ROSE DANA 5.00 X 0 0 0 MOLLY DE RAMEL 5.00 X 0 0 0 JEFFREY GORDON 5.00 X 0 0 0 CORY PLUMB 5.00 X 0 0 0 ALEXIS ROETTINGER 5.00 X 0 0 0 BRIAN SHANLEY 5.00 X 0 0 0 HOPE VAN BEUREN 5.00 X 0 0 0 PAUL WEBER 5.00 X 0 0 0 ELIZABETH WYLIE 5.00 X 0 0 0 NICHOLAS SUPRON 5.00 X 0 0 0 DAVID THALMANN 5.00 X 0 0 0 WHITNEY C SLADE 60.00 X 180221 0 20862 180221 0 20862 1 0 1 0 0 15768 411967 427735 TUITION AND FEES 611110 4558441 4558441 SPECIAL PROGRAMS 611110 296249 296249 4854690 2278 2278 21092 0 21092 21092 21092 2922846 2701831 221015 221015 221015 233258 139144 94114 94114 5620924 4854690 0 338499 1132533 1132533 201083 201083 2291704 1645727 594727 51250 94185 71322 20316 2547 325500 263524 55244 6732 195804 147920 43867 4017 41193 41193 27763 27763 17517 17517 21996 21996 40000 40000 128773 128773 79679 47025 22757 9897 28301 28301 84483 78569 4224 1690 210 210 17236 17236 362603 337221 18130 7252 51286 51286 REPAIRS & MAINTENANCE 146151 144013 1527 611 OTHER OPERATING EXPENSE 107495 76361 31039 95 BAD DEBT EXPENSE 96133 96133 CAMPS, TUTORS, BUSING & 63886 63886 155171 116330 38841 5710685 4321936 1287141 101608 99966 97416 32235 507030 1250 2350 169581 152824 74900 59617 10834049 4014845 6928590 6819204 1861197 1453743 9167719 9092184 428827 519524 301522 271890 544564 499589 1274913 1291003 X 6007554 5812509 188078 284148 1697174 1704524 7892806 7801181 9167719 9092184 -89761 -1864 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1716199 7350 174587 70808 1827328 1790891 2550 -21761 55481 1716199 1709831 538 138428 57906 1790891 383558 1319484 14307 7518 1709831 446821 4498 -58778 8983 383558 0.93280 0.06720 0 0 81955 81955 9555691 3157283 6398408 523669 341448 182221 672734 516114 156620 6819204 X 4830756 -1864 88515 86651 4744105 21996 854823 876819 5620924 4922381 88515 88515 4833866 21996 854823 876819 5710685 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: 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. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: 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, 2013. 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) 88,515. PART XI, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE 854,823. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES INCLUDED ON PART VIII, LINE 8(B) 88,515. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE 854,823. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 POLICY IS DESCRIBED IN ALL MEDIA, INTERVIEWS, BROCHURES, APPLICATIONS, ADMISSIONS AND ASSISTANCE MATERIAL EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 DURING THE 2012-13 SCHOOL YEAR, ST. MICHAEL'S COUNTRY DAY SCHOOL RECEIVED $15,768 OF TITLE II AID FROM THE CITY OF NEWPORT, RI FOR EDUCATIONAL CONSULTANTS, CONFERENCES, MEMBERSHIPS AND WORKSHOPS. X X X X 1 JAQUES & COMPANY 254 BAY ROAD SOUTH HAMILTON MA 01982 DEVELOPMENT PROGRAM COUNSEL REGARDING FUNDRAISING ACTIVITIES 0 0 17517 -17517 17517 -17517 RI LUNCH PROGRAM 69279 69279 60771 ADULT PARTY 119389 119389 48357 9 44590 44590 30016 233258 233258 139144 139144 94114 1 NEED BASED FINANCIAL AID 70 854823 NEED BASED TUITION ASSISTANCE TUITION REMISSION 18 277710 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 180221 0 0 0 0 0 7895 0 12967 0 201083 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. 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.