2014-05-13T13:35:11-07:00 2013-06-30 990 2012-07-01 560532314 SAINT MARYS SCHOOL SAIN 9194244125 900 Hillsborough Street Raleigh NC 27603 Monica Gillespie 9194244123 2014-05-13 2012 2015-11-30 17:44:51Z Saint Mary's School 900 Hillsborough Street Raleigh NC 27603 27394082 0 X www.sms.edu X 1897 NC Saint Mary's School in Raleigh, North Carolina, is an independent, college-preparatory girls boarding and day school dedicated to academic excellence and personal achievement for grades 9 - 12. 25 25 171 380 0 0 3265361 2528504 8018240 8235203 -3366907 864164 115013 106151 8031707 11734022 1546908 1612691 0 0 5773293 6067199 22704 27052 644227 4727521 4753313 12070426 12460255 -4038719 -726233 50634935 49814634 15313455 13961420 35321480 35853214 Saint Mary's School in Raleigh, North Carolina, is an independent, college-preparatory girls boarding and day school dedicated to academic excellence and personal achievement for grades 9 - 12. 0 0 6702144 1612691 5306515 Educational activities and related academic support and aid for 239 students. 1001470 0 2928688 Saint Mary's provides provides a boarding program for students and faculty and other auxiliary services to further academic achievement. 0 0 0 7703614 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 88 0 1 171 1 0 0 0 0 0 1 1 0 0 0 0 X 25 25 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 1 1 0 X Saint Mary's School Sarah H Woods 9194244124 900 Hillsborough Street Raleigh NC 27603 William G Taylor 4.5 X 0 0 0 Lane Turner Nash 1.71 0 X 0 0 0 Peter M Scott III 1.33 0 X 0 0 0 John E Stephenson 0.94 0 X 0 0 0 R Marks Arnold 1.13 0 X 0 0 0 Gloria Taft Becker 0.75 0 X 0 0 0 Theodore D Bratton 1.13 0 X 0 0 0 Barbara Eagleson Cain 0.75 0 X 0 0 0 Anna Dubose Doughton 0.75 0 X 0 0 0 Eric W Evans 0.75 0 X 0 0 0 Sallie Harris Glover 1.13 0 X 0 0 0 Hubert B Haywood III 0.75 0 X 0 0 0 Kenneth B Howard 0.75 0 X 0 0 0 Elizabeth Stewart Long 1.13 0 X 0 0 0 Lanier Brown May 1.13 0 X 0 0 0 William C Monk Jr 0.75 0 X 0 0 0 Rev Dr Louis Smokey Oats 0.75 0 X 0 0 0 Elizabeth Pitts 1.13 0 X 0 0 0 Tracey Fodor Smith 0.75 0 X 0 0 0 Margery Johnson Springer 0.75 0 X 0 0 0 F Jefferson Stocks 1.13 0 X 0 0 0 Gray Clark Stoughton 0.75 0 X 0 0 0 Edwin L Walker 0.94 0 X 0 0 0 Margaret Longley White 0.75 0 X 0 0 0 Margaret Williams Williams 0.75 0 X 0 0 0 Monica Gillespie 40 0 X 150050 0 57323 John B Gripman 40 X 113801 0 11322 Abigail Johnston 40 0 X 100229 0 10395 Theo Coonrod 40 0 X 303896 0 32088 667976 0 111128 3 1 1 0 Brock and Company Inc 257 Great Valley Parkway Malvern PA 19355 Food Service 658070 Metro Productions 6005 Chapel Hill Road Raleigh NC 27607 Printing and direct mail 109721 2 0 0 88016 0 0 2440488 489477 2528504 Tuition & Fees 900099 5306516 5306516 0 0 Housing 900099 1389633 1389633 0 0 Food Service 900099 1048320 1048320 0 0 Student Store 900099 43974 43568 0 406 Sports/Other Camps 900099 102835 102835 0 0 343925 343925 0 0 8235203 303750 0 0 303750 0 0 0 0 0 0 0 0 0 0 16136204 0 15575790 0 560414 0 560414 0 0 560414 190421 88016 84270 106151 0 106151 0 11734022 8234797 0 970721 0 0 1612691 1612691 0 0 0 0 507439 507439 0 0 4562623 2936094 1211205 415324 173379 121365 39877 12137 464419 301872 120749 41798 359339 213441 115323 30575 0 0 20742 20742 96970 96970 0 0 27052 27052 83624 83624 316505 185796 115739 14970 211627 32959 167962 10706 379995 127482 202542 49971 209288 135614 67391 6283 0 0 387512 387512 72603 57190 8772 6641 0 0 37761 27460 8246 2055 573371 573371 0 0 1017833 916050 101783 110926 99833 11093 Food Service 687320 651641 11321 24358 Repairs & Replacements 103447 35439 67868 140 Program Expenses 223830 222176 0 1654 Building, Grounds & Maintenance 101027 5693 95334 0 118932 20818 97551 563 12460255 7703614 4112414 644227 1420 917 2900293 3350074 2133478 1446445 84819 63275 112153 81387 74347 87491 38745681 14621189 24521675 24124492 17570254 17818843 1779207 2074873 1457289 766837 50634935 49814634 2282569 1420601 185596 12180000 11520000 186000 164000 664886 671223 15313455 13961420 X 4845476 4924556 10443939 10290002 20032065 20638656 35321480 35853214 50634935 49814634 X -726233 825020 0 0 0 432947 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16816451 611137 1627903 139388 242157 83624 18590322 17534080 799597 -869989 178323 358412 110502 16816451 14906568 1216998 1785440 52021 176955 145950 17534080 13796801 338802 1125556 90881 114523 149187 14906568 19385244 374452 -4539503 749391 520227 153774 13796801 0 1 0 0 0 0 217476 217476 0 31752615 11585357 20167258 0 0 0 0 0 2417303 1264274 1153029 0 4358287 1771558 2586729 24124492 0 Advances & Deposits 671223 671223 X 10994745 825020 0 0 -1564944 -739924 11734669 83624 -84271 -647 11734022 10895958 0 0 0 -1564944 -1564944 12460902 83624 -84271 -647 12460255 SchD_P05_S00_L04 Schedule D, Part V, Line 4 Endowed funds may be restricted to a purpose designated by the donor(s) that is consistent with the School's mission, goals and programs, subject to the approval by the Board of Trustees. When the donor(s) does not restrict the use of a named fund, the Head of School and the Board Chair have discretion in allocating these funds. Uses of funds include: financial aid, building maintenance, faculty development, and student support services. SchD_P10_S00_L02 Schedule D, Part X, Line 2 Management of the School does not believe the financial statements include any uncertain tax positions as of June 30, 2013 and 2012. Tax years ended June 30, 2010 through June 30, 2013 remain open for examination by taxing authorities as of the date of this report. SchD_P11_S00_L02d Schedule D, Part XI, Line 2d Scholarships, financial statement decreased revenue by -$1,564,944 SchD_P11_S00_L04b Schedule D, Part XI, Line 4b Auction Expenses - $84,271 SchD_P12_S00_L02d Schedule D, Part XII, Line 2d Scholarships, financial statement decreased revenue by -$1,564,944 SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Auction expenses -$84,271 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SchE_P01_S00_L03 Schedule E, Part I, Line 3 The nondiscriminatory policy statement is: "Saint Mary's School is an independent, college preparatory, day and boarding school for girls in grades 9-12. We admit girls of any race, color, religion or national or ethnic origin." The statement is included in ads in local and national magazines, in multiple admission materials, invitations to visitation days and on the school's website. X X X X X X 1 Ruffalo Cody PO Box 3018 Cedar Rapids IA 52406 Phone solicitations for annual fund 0 41260 27052 14208 41260 27052 14208 Auction 278437 88016 190421 0 50 16251 30352 0 37617 0 0 278437 88016 190421 0 50 16251 30352 0 37617 84270 106151 1 Scholarship - Merit Based 11 194100 0 Scholarship - Need Based 78 1370844 0 SchI_P01_S00_L02 Schedule I, Part I, Line 2 Merit Based Scholarship: limited merit aid opportunities to students who have demonstrated high academic achievement, exemplary leadership, and strong citizenship within the community. In order to be eligible for merit aid, students must have a weighted 3.5 or higher on a 4.0 GPA scale at their current school and score within the top 25% on the SSAT. Merit aid is renewed each year if the recipient earns a weighted 3.0 or higher GPA and remains in good standing at Saint Mary's School. Need Based Scholarship: is given to students with demonstrated need who would not otherwise have been able to afford Saint Mary's School. All need-based financial aid awards are reviewed annually. Applicants and returning students who are interested in need-based financial aid must apply each year with current financial information by the published deadlines. Tuition Remission: for the daughters and stepdaughters of all benefitted employees of the School for 50% of the tuition charges at Saint Mary's School. X X 1 1 X X X 0 0 0 0 0 0 0 0 0 Monica Gillespie 130750 0 0 0 19300 0 23625 0 33698 0 207373 0 0 0 Theo Coonrod 75669 0 0 0 228227 0 3901 0 28186 0 335983 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a The Head of School is provided on-campus housing, as well as cleaning services of the house. Her residence is used for many school functions in addition to serving as her personal residence. A NC Capital Facilities Finance Agency 561592154 65819GCZ9 2006-09-20 18000000 Constructions, renovation & equipping of Smedes Hall Dormitory and student center; infrastructure; n 0 0 0 A 0 0 18928988 0 0 0 144846 0 0 18784142 0 0 2008 0 0 1 1 A 0 0 0 0 0 0 0 0 0 1 A 1 1 1 Wells Fargo 15 0 0 0 0 0 A 0 X 11 471521 FMV X Furniture, Bldg Improv 2 17956 Donor Valued 0 0 1 0 F990_P06_S0A_L08b Form 990, Part VI, Section A, Line 8b Board of Trustee meetings are documented through minutes taken; minutes are not taken for the individual committee meetings. F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b Completed form 990 was electronically provided to the Board of Trustees for their review. The Finance Committee had discussion at their committee meeting in May 2014. The return was edited per comments received. The Finance Committee brought a recommendation to the Board of Trustees for submission of the Form 990 which was approved. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c BOT members annually sign a Conflict of Interest Policy document and discuss conflict of interest throughout the year as circumstances change. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 The process for determining compensation involves compilation of benchmark data and review of the impact on the financial budget which results in recommendations presented to the Board of Trustees for their approval. The most recent position for which this process was done was the Head of School, in Spring 2012, with an effective date of July 1, 2012. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 The School provides its governing documents, conflict of interest policy and financial statements to the public upon request. The list of Board of Trustees is available to the public on the School's web site. F990_P11_S00_L09 Form 990, Part XI, Line 9 Unrealized gain on cash flow hedge, $432,947