2013-05-15T09:22:12-07:00 2012-06-30 990 2011-07-01 560532314 SAINT MARYS SCHOOL SAIN 9194244125 900 Hillsborough Street Raleigh NC 27603 Monica Gillespie 9194244123 2013-05-14 2011 2016-02-24 21:20:13Z Monica Gillespie 900 Hillsborough Street Raleigh NC 27603 30364769 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. 23 23 170 375 0 0 2543353 3265361 8630180 8018240 205268 -3366907 89665 115013 11468466 8031707 1366079 1546908 0 0 6024864 5773293 36973 22704 700551 4655764 4727521 12083680 12070426 -615214 -4038719 55948375 50634935 18604001 15313455 37344374 35321480 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 6782448 1546908 5249139 Educational activities and related academic support and aid for 246 students. 1013469 0 2769101 Saint Mary's provides provides a boarding program for students and faculty and other auxiliary services to further academic achievement. 0 0 0 7795917 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 0 1 88 0 1 170 1 0 0 0 0 0 1 1 0 0 0 0 X 23 23 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 Monica Gillespie 9194244138 900 Hillsborough Street Raleigh NC 27603 William G Taylor 7.77 X 0 0 0 Lane Turner Nash 0.75 X 0 0 0 Peter M Scott III 1.14 X 0 0 0 R Marks Arnold 2.1 X 0 0 0 Theodore D Bratton 1.14 X 0 0 0 Barbara Eagleson Cain 0.75 X 0 0 0 Allison Moore Garrott 1.72 X 0 0 0 Eric W Evans 0.75 X 0 0 0 Sallie Harris Glover 0.75 X 0 0 0 Kenneth B Howard 0.75 X 0 0 0 Elizabeth Stewart Long 1.14 X 0 0 0 Dabney Johnston Mann 0.75 X 0 0 0 Lanier Brown May 2.1 X 0 0 0 Thomas H McGuire Jr 0.75 X 0 0 0 Rev Dr Louis Smokey Oats 1.72 X 0 0 0 W Trent Ragland III 1.91 X 0 0 0 Tracey Fodor Smith 0.75 X 0 0 0 Margery Johnson Springer 0.75 X 0 0 0 John E Stephenson 0.75 X 0 0 0 F Jefferson Stocks 1.14 X 0 0 0 Gray Clark Stoughton 0.75 X 0 0 0 Edwin L Walker 0.95 X 0 0 0 Margaret Williams Williams 1.72 X 0 0 0 Theo Wilkes Coonrod 40 X 170210 0 94655 John B Gripman 40 X 113502 0 14491 283712 0 109146 3 0 1 0 Brock and Company Inc 257 Great Valley Parkway Malvern PA 19355 Food Service 659290 IBM PO Box 643600 Pittsburgh PA 15264 Leasing Tablets 116754 CDW Government Inc 75 Remittance Drive Chicago IL 60675 PC Tablets 178498 ALLRED Mechanical Services Inc PO Box 7663 Rocky Mount NC 27804 HVAC Repair & Replacement 137795 4 0 0 92459 0 0 3172902 318942 3265361 Tuition & Fees 900099 5249139 5249139 0 0 Housing 900099 1324580 1324580 0 0 Food Service 900099 999245 999245 0 0 Student Store 900099 37178 34967 0 2211 Sports/Other Camps 900099 117428 117428 0 0 290670 290670 0 0 8018240 205823 0 0 205823 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 18674950 0 22247680 0 -3572730 0 -3572730 0 0 -3572730 200395 92459 85382 115013 0 115013 0 0 0 0 0 0 0 0 0 0 0 0 0 8031707 8016029 0 -3249683 0 0 1546908 1546908 0 0 0 0 354251 0 354251 0 0 0 0 0 4447562 3065904 935539 446119 165275 124076 26529 14670 469489 319169 100533 49787 336716 216983 86893 32840 0 0 0 0 6074 0 6074 0 63569 0 63569 0 0 0 0 0 22704 22704 116245 0 116245 0 260937 93407 167380 150 157542 22121 86949 48472 365843 150972 183746 31125 118703 94193 19856 4654 0 0 0 0 380964 0 380964 0 67424 55029 11589 806 0 0 0 0 27200 15830 7519 3851 663848 0 663848 0 0 0 0 0 1055285 949757 105528 0 90084 18016 72068 0 Food Service 626897 619385 7189 323 Repairs & Replacements 110707 61712 48545 450 Program Expenses 257635 247016 3347 7272 Building, Grounds & Maintenance 70460 0 70460 0 288104 195439 55337 37328 12070426 7795917 3573958 700551 1420 1420 6364371 2900293 2750419 2133478 123962 84819 153975 123478 112153 73478 74347 38132949 13611274 24957786 24521675 18843043 17570254 1325392 1779207 1231051 1457289 55948375 50634935 1633102 2282569 16285000 12180000 208000 186000 477899 664886 18604001 15313455 X 5247402 4845476 12201080 10443939 19895892 20032065 37344374 35321480 55948375 50634935 X -4038719 2015825 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 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 0.03 0.96 0.01 0 0 0 217476 217476 0 31177651 10868461 20309190 0 0 0 0 0 2393187 1040695 1352492 0 4344635 1702118 2642517 24521675 0 Annuities 5445 Advances & Deposits 659441 664886 8031707 12070426 -4038719 2367176 0 0 0 -351351 2015825 -2022894 8826856 2367176 0 0 -1546908 820268 8006588 110502 -85383 25119 8031707 10496355 0 0 0 -1546908 -1546908 12043263 110502 -83339 27163 12070426 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, 2012 and 2011. Tax years ended June 30, 2009 through June 30, 2012 remain open for examination by taxing authorities as of the date of this report. SchD_P11_S00_L08 Schedule D, Part XI, Line 8 Unrealized loss on cash flow hedge SchD_P12_S00_L02d Schedule D, Part XII, Line 2d Scholarships, financial statement nets to Revenue SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Auction expenses, $85,382 + $1 rounding SchD_P13_S00_L02d Schedule D, Part XIII, Line 2d Scholarships, FS decreased revenue by -$1,546,908 SchD_P13_S00_L04b Schedule D, Part XIII, Line 4b Auction expenses -$85,382 + misc adj $2,043 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 RuffaloCody PO Box 3018 Cedar Rapids IA 52406 Phone solicitations for annual fund 0 55010 22704 32306 55010 22704 32306 Auction 292854 92459 200395 2500 4250 15561 30360 0 32711 0 0 292854 92459 200395 2500 4250 15561 30360 0 32711 85382 115013 1 Scholarship - Merit Based 24 323560 0 Scholarship - Need Based 96 1223348 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 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 Theo Wilkes Coonrod 152392 0 0 0 17818 0 44144 0 50512 0 264866 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. 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 0 0 18928988 0 0 0 144846 0 0 18784142 0 0 2008 0 0 1 1 0 0 0 0 0 0 0 0 1 1 1 Wells Fargo 15 0 0 0 0 1 X 15 303036 FMV X Furniture, Supplies 11 15907 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 2013. 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. 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_L05 Form 990, Part XI, Line 5 Unrealized gain on investments, $2,367,176; Unrealized loss on cash flow hedge, $<353,395>, Misc adj $2,044