2014-04-29T11:21:38-05:00 2013-06-30 BATCHELOR TILLERY & ROBERTS LLP 3605 GLENWOOD AVENUE SUITE 350 RALEIGH NC 27612 990 2012-07-01 237241145 ST DAVID'S SCHOOL % MIRIAM LESHNOCK STDA 9197823240 3400 WHITE OAK ROAD Suite RALEIGH NC 27609 MIRIAM LESHNOCK 9197823240 2014-04-28 true Ronald A Batchelor 9197878212 2012 2015-11-30 17:44:51Z KEVIN J LOCKERBIE 3400 WHITE OAK ROAD RALEIGH NC 27609 12484864 false X WWW.SDSW.ORG X 1972 NC ST. DAVID'S IS AN INDEPENDENT EPISCOPAL SCHOOL THAT PREPARES YOUNG MEN AND WOMEN FOR COLLEGE AND LIFE BY PROVIDING CHALLENGING OPPORTUNITIES TO EXCEL IN THE VITAL AREAS OF FAITH, VIRTUE AND KNOWLEDGE. 10 10 206 280 0 903886 838605 10057181 10388830 7946 66126 198762 162649 11167775 11456210 585120 496750 0 0 6999302 7425309 0 0 96953 3371547 3689931 10955969 11611990 211806 -155780 24295994 24773811 16050486 16660968 8245508 8112843 ST. DAVID'S IS AN INDEPENDENT EPISCOPAL SCHOOL THAT PREPARES YOUNG MEN AND WOMEN FOR COLLEGE AND LIFE BY PROVIDING CHALLENGING OPPORTUNITIES TO EXCEL IN THE VITAL AREAS OF FAITH, VIRTUE AND KNOWLEDGE. false false 7674945 496750 10388830 EXPENSES ARE INCURRED TO OPERATE A SCHOOL FOR 632 KINDERGARTEN THROUGH 12TH GRADE STUDENTS. THESE EXPENSES INCLUDE TEACHER SALARIES, EDUCATIONAL MATERIALS, FIELD TRIPS AND OTHER STUDENT ACTIVITIES. 7674945 true true false false false false false false false true true false false false false true true false true false false false false false false false false false true true true false false false false false false true false false false false false false false false false false false false true 22 0 true 206 true false false false false false false false false false false X 10 10 true false false false false false false true true false false false true true true true true true true false X X MIRIAM LESHNOCK 9197823240 3400 WHITE OAK ROAD RALEIGH NC 27609 JOE KNOTT III 1.0 X X 0 0 0 CLIFF BENSON JR 1.0 X 0 0 0 CLIFF BENSON III 1.0 X 0 0 0 PAMELA BUNN 1.0 X X 0 0 0 NEAL COKER 1.0 X 0 0 0 PAUL CONWAY 1.0 X 0 0 0 TOM ELLIS 1.0 X 0 0 0 VEN POOLE 1.0 X X 0 0 0 MIKE SMITH 1.0 X X 0 0 0 PHIL YORK 1.0 X 0 0 0 KEVIN J LOCKERBIE 40.0 X 240790 0 22982 MIRIAM F LESHNOCK 1.0 X 98938 0 3900 339728 0 26882 1 false true false 0 838605 12157 838605 TUITION & REGISTRATION 900099 9988636 9988636 ACADEMIC SUPPORT 900099 157820 157820 AFTER SCHOOL CARE 900099 29004 29004 OTHER SCHOOL ACTIVITIES 900099 213370 213370 10388830 76800 76800 0 0 162649 162649 0 162649 162649 1017980 0 971470 57184 46510 -57184 -10674 -10674 0 0 0 0 11456210 10359826 257779 0 496750 496750 0 0 371112 371112 0 5791479 4261479 1530000 288813 209755 79058 517060 367159 149901 456845 317200 139645 0 2370 2370 30400 30400 0 0 12974 12974 94266 53134 41132 69176 69176 287124 118779 145244 23101 348204 348204 0 233803 32732 196395 4676 0 0 36904 18452 18452 246094 246094 0 812919 812919 112195 112195 REPAIRS & MAINTENANCE 340822 19022 321800 BAD DEBT EXPENSE 196909 196909 INSTRUCTIONAL MATERIALS 168716 168716 ATHLETIC EQUIPMENT, FEES ETC 155412 155412 541643 262462 279181 11611990 7674945 3840092 96953 3917431 2624447 0 0 3048279 2003318 57092 73459 0 0 0 0 0 0 0 0 66511 111343 23149669 5959551 16692924 17190118 0 2401055 200000 193000 0 0 0 0 313757 177071 24295994 24773811 112494 141861 0 0 4337992 4576385 11600000 11200000 0 0 0 0 0 742722 0 0 0 0 16050486 16660968 X 5130194 5984223 3096030 2109336 19284 19284 8245508 8112843 24295994 24773811 X -155780 -6751 30000 -134 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 19284 19284 29284 10000 19284 28384 900 29284 17075 11025 284 28384 16025 930 202 82 17075 1.00000 false false 1470793 1470793 19715620 4588980 15126640 896335 711019 185316 1066921 659552 407369 17190118 0 0 X 11039893 -6751 30000 23249 11016644 439566 439566 11456210 11172424 57184 57184 11115240 496750 496750 11611990 THE INTENDED USES OF THE ORGANIZATION'S ENDOWMENT FUNDS PART V, LINE 4 THE JOSE CORNEJO SOCCER EXCELLENCE ENDOWMENT PROVIDES SOCCER SCHOLARSHIPS TO ELIGIBLE STUDENTS WHO QUALIFY ACCORDING TO THE ENDOWMENT'S CRITERIA. RECONCILIATION OF REVENUE PART XI, LINE 4B -$57,184 LOSS ON DISPOSAL OF PROPERTY INCLUDED IN FORM 990 REVENUE + $496,750 FINANCIAL AID INCLUDED AS A REDUCTION OF FINANCIAL STATEMENT TUITION RECEIVED RECONCILIATION OF EXPENSES PART XII, LINE 2D $57,184 LOSS ON DISPOSAL OF PROPERTY INCLUDED IN FINANCIAL STATEMENT EXPENSES RECONCILIATION OF EXPENSES PART XII, LINE 4B $496,750 FINANCIAL AID INCLUDED AS A REDUCTION OF FINANCIAL STATEMENT TUITION RECEIVED UNCERTAIN TAX POSITIONS UNDER FIN 48 (ASC 740) SCHEDULE D, PART X, LINE 2 MANAGEMENT OF THE SCHOOL DOES NOT BELIEVE THE FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS. TAX YEARS ENDED JUNE 30, 2010 THROUGH JUNE 30, 2013 REMAIN OPEN FOR EXAMINATION BY TAXING AUTHORITIES AS OF THE DATE OF THIS REPORT. true true true true true true true false false false false false false false false false false true NONDISCRIMINATORY POLICY LINE 3 THE SCHOOL PUBLICIZES ITS RACIALLY NONDISCRIMINATORY POLICY THROUGH NEWSPAPER ADS SOLICITING STUDENTS. true FINANCIAL AID 90 496750 THE PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS IN THE UNITED STATES PART I, LINE 2 THE ORGANIZATION USES AN OUTSIDE SERVICE TO COLLECT AND PROCESS FINANCIAL AID APPLICANT'S FINANCIAL INFORMATION. THIS SERVICE IS PROVIDED BY SCHOOL AND STUDENT SERVICES BY THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS. APPLICANTS SUBMIT THEIR FAMILY FINANCIAL INFORMATION TO SCHOOL AND STUDENT SERVICES FOR PROCESSING. A SUMMARY REPORT OF THE FAMILY FINANCIAL INFORMATION IS GENERATED AND SENT TO THE SCHOOL. ONCE THIS REPORT IS RECEIVED THE FINANCIAL AID COMMITTEEE REVIEWS THE REPORT AND MAKES AWARDS CONSIDERING THE INFORMATION PROVIDED IN THAT REPORT. THE COMMITTEE ALSO ANALYZES MOST RECENT TAX RETURNS AND OTHER FACTORS AS NECESSARY. X true true X X X false false false false false false false false false KEVIN J LOCKERBIE 210161 0 17500 13129 9185 0 13797 0 263772 0 0 0 A NORTH CAROLINA CAPITAL FACILITIES FINANCE AGENCY 561592154 65818PGR4 2008-10-16 12000000 FINANCE CAPITAL CONSTRUCTION & true false false A 0 0 12000000 0 0 0 161371 0 0 11838629 0 0 2010 false false true true A false false false false false 0.00000 0.00000 0.00000 false false false false A false false false false true true BB&T 2. false false false 0 false false A false WRITTEN PROCEDURES FOR VIOLATIONS OF FEDERAL TAX REQUIREMENTS PART V THE ORGANIZATION BELIEVES IT IS IN COMPLIANCE WITH THE REQUIREMENTS OF SECTION 145 AND OTHER APPLICABLE REQUIREMENTS FOR THEIR TAX-EXEMPT BONDS. OFFICER 15000 FINANCIAL AID FINANCIAL AID FAMILY & BUSINESS RELATIONSHIPS FORM 990, PART VI, SECTION A, QUESTION 2 BOARD OF TRUSTEES MEMBER CLIFF BENSON, JR. IS THE FATHER OF BOARD OF TRUSTEES MEMBER CLIFF BENSON, III. FORM 990 REVIEW PROCESS FORM 990, PART VI, SECTION B, QUESTION 11B The Form 990 is reviewed and discussed by Heather Faucette, Controller and Miriam Leshnock, Chief Financial Officer, who provides the signature on the form. MONITORING CONFLICTS OF INTEREST FORM 990, PART VI, SECTION B, QUESTION 12C THE ST. DAVID'S BOARD DISCUSSES ANNUAL EVENTS THAT MAY CAUSE A CONFLICT OF INTEREST AT THE MAY BOARD MEETING WHEN THE NEXT FISCAL YEAR BUDGET IS APPROVED. THE DISCUSSION IS DOCUMENTED IN THE MEETING MINUTES. THE CONFLICT OF INTEREST POLICY AND REPORTING PROCEDURES ARE ALSO PUBLISHED IN THE FACULTY AND STAFF HANDBOOKS THAT ARE DISTRIBUTED TO EACH EMPLOYEE AT THE BEGINNING OF THE ACADEMIC YEAR. THE PROCESS FOR DETERMINING COMPENSATION FORM 990, PART VI, SECTION B, QUESTION 15A EACH YEAR THE PERSONNEL COMMITTEE OF THE BOARD SOLICITS FEEDBACK THROUGH A SURVEY SENT TO FACULTY, STAFF, PARENTS AND BOARD MEMBERS OF THE HEADMASTER'S PERFORMANCE OVER THE PAST YEAR. THE COMMITTEE TAKES THE INFORMATION OBTAINED THROUGH THE SURVEY INTO CONSIDERATION, ALONG WITH COMPARABLE DATA FOR COMPENSATION INFORMATION FROM SIMILAR ORGANIZATIONS OBTAINED BY A MEMBER OF THE BOARD IN SETTING THE HEADMASTER'S SALARY FOR THE NEXT YEAR. THE SCHOOL CONDUCTS COMPARABILITY ANALYSES OF ALL POSITIONS PRIOR TO MAKING JOB OFFERS TO KEY EMPLOYEES. THE FINANCE COMMITTEE REVIEWS AND THE BOARD APPROVES SALARY RANGES FOR ALL NEW POSITIONS. ST. DAVID'S IS CURRENTLY FORMALIZING AN EMPLOYEE EVALUATION PROCESS FOR BOTH FACULTY AND STAFF TO BETTER CORRELATE PERFORMANCE WITH COMPENSATION. AS PART OF THIS PROCESS, EMPLOYEE SALARIES ARE BENCHMARKED VERSUS COMPARABILITY DATA AND REVIEWED BY THE HEADMASTER, CHIEF FINANCIAL OFFICER, AND FINANCE COMMITTEE CHAIRPERSON OF THE BOARD. MAKING DOCUMENTS AVAILABLE TO THE PUBLIC FORM 990, PART VI, SECTION C, QUESTION 19 THE ORGANIZATION'S FORM 990 IS AVAILABLE ONLINE AT WWW.GUIDESTAR.ORG, WHERE IT IS CONFIRMED TO BE WIDELY AVAILABLE. THE ORGANIZATION'S GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST FOR INSPECTION AT OUR PRIMARY BUSINESS LOCATION DURING NORMAL BUSINESS HOURS. COPIES OF THE ABOVE DOCUMENTS MAY ALSO BE PROVIDED, UPON REQUEST, FOR A REASONABLE FEE TO DEFRAY COPYING AND POSTAGE EXPENSE. RECONCILIATION OF NET ASSETS FORM 990, PART XI, LINE 9 -$134 UNREALIZED LOSS ON CASH FLOW HEDGE