2013-05-14T10:44:55-05:00 2012-06-30 REHMANN ROBSON 5070 N HIGHWAY A1A STE 250 VERO BEACH FL 329631216 990 2011-07-01 591059214 SAINT EDWARD'S SCHOOL INC SAIN 7722316731 1895 SAINT EDWARDS DRIVE VERO BEACH FL 32963 JEFF BASS 7722316731 2013-05-14 true DEBORAH A CRUM CPA 7722348484 2013-05-14 2011 2016-02-24 21:20:13Z MICHAEL MERSKY HEAD OF SCHOOL 1895 SAINT EDWARDS DRIVE VERO BEACH FL 32963 16800877 false X STEDS.ORG X 1965 FL SAINT EDWARD'S SCHOOL IS A COMMUNITY AND CULTURE WHICH PROMOTES LIFE-LONG LEARNING BY DEVELOPING CRITICAL THINKING, COLLABORATION, AND A THOROUGH PREPARATION FOR COLLEGE AND THE FUTURE. FOUNDED UPON THE EPISCOPAL TRADITION, THE FOCUS IS ON THE WHOLE CHILD, LED BY A STRONG FACULTY WHO WORK TO HELP ALL STUDENTS REACH THEIR FULL POTENTIAL IN THE CLASSROOM AND BEYOND. 21 21 225 200 118884 -72050 4136940 1831287 11294794 10974387 107434 667802 173043 172035 15712211 13645511 1925304 1898909 0 6230406 5961067 0 439749 4860447 4990896 13016157 12850872 2696054 794639 35267315 31342763 19328877 14758890 15938438 16583873 X SAINT EDWARD'S SCHOOL IS A COMMUNITY AND CULTURE WHICH PROMOTES LIFE-LONG LEARNING BY DEVELOPING CRITICAL THINKING, COLLABORATION, AND A THOROUGH PREPARATION FOR COLLEGE AND THE FUTURE. FOUNDED UPON THE EPISCOPAL TRADITION, THE FOCUS IS ON THE WHOLE CHILD, LED BY A STRONG FACULTY WHO WORK TO HELP ALL STUDENTS REACH THEIR FULL POTENTIAL IN THE CLASSROOM AND BEYOND. false false 8863644 1898909 10559946 ST. EDWARD'S SCHOOL PROVIDES EDUCATION FOR PRIMARY, INTERMEDIATE AND SECONDARY STUDENTS. APPROXIMATELY 475 STUDENTS WERE SERVED. 292474 247312 ST. EDWARD'S SCHOOL PROVIDES SEVERAL AUXILIARY SERVICES SUCH AS A SUMMER CAMP PROGRAM, RECREATIONAL/CLUB SWIM TEAM, TUTORIAL CENTER, AND EXTENDED DAY CARE. 9156118 true true false false false true false false false true true false false false true true true false true false false false false false true false false false true true false false false false false false false false true false false false false false false false false false true 79 0 225 true true true false false false false true true false false false false true false X 21 21 false false false false false false false true true false false false true true true true true true true false X X BETH ZAMERSKI 7724922313 1895 STEDWARDS DR VERO BEACH FL 32963 JOSEPH P CORR 2.00 X 0 0 0 RONALD L EDWARDS 8.00 X X 0 0 0 DOLF KAHLE 8.00 X X 0 0 0 DAVID S CROOM 8.00 X X 0 0 0 MISTY MINTON 2.00 X 0 0 0 RT REV JOHN W HOWE 2.00 X 0 0 0 PHILIP A LAMBERT 2.00 X 0 0 0 RICHARD G MCDERMOTT JR 2.00 X 0 0 0 LAURENCE A REISMAN 2.00 X 0 0 0 LORNE WAXLAX 2.00 X 0 0 0 JEFF BASS 2.00 X 0 0 0 DAN SIMMONS 8.00 X X 0 0 0 BRIAN BAREFOOT 2.00 X 0 0 0 KATHRYN FABER 2.00 X 0 0 0 TERESA WINSLOW 2.00 X 0 0 0 SAM ZIMMERMAN 2.00 X 0 0 0 KATE BECKWITH 2.00 X 0 0 0 ALLISON PROCTOR 2.00 X 0 0 0 SUSAN TEMPLE 2.00 X 0 0 0 RON CHESLEY 2.00 X 0 0 0 JOHN HURYN 2.00 X 0 0 0 ROBERT RITTER 2.00 X 0 0 0 MICHAEL MERSKY 40.00 X 284321 0 25357 BRUCE WACHTER 40.00 X 120865 0 9830 ANNE STORCH 40.00 X 110258 0 9247 515444 44434 3 false true false SODEXO INC PO BOX 536922 ATLANTA GA 303536922 MAINTENANCE 589715 SENECA DATA DISTRIBUTORS INC PO BOX 10245 ALBANY NY 122015245 COMPUTER SUPPLI 250588 HONEYWELL LLC PO BOX 957168 STLOUIS MO 63195 AC UPGRADES 176960 TULIP TRAVEL INC 2 POTTERS COURT GREAT NECK NY 11024 TRAVEL AGENT 121499 CDW GOVERNMENT INC 75 REMITTANCE DRIVE SUITE 1515 CHICAGO IL 60675 COMPUTER SUPPLI 102085 5 303167 1528120 27425 1831287 TUITION & FEES 10559946 10559946 OTHER SOURCES 167129 167129 AUXILIARY SERVICES - EXEMPT 128428 128428 AUXILIARY SERVICES - TAXABLE 713990 118884 118884 10974387 119618 119618 3528000 2979816 548184 548184 548184 243294 303167 127987 115307 83548 47563 35985 35985 RENTAL INCOME 20743 20743 20743 13645511 10912231 118884 667802 1898909 1898909 265225 196266 68959 4866358 3395191 1225223 245944 194816 137326 57490 240843 169771 71072 393825 239372 100211 54242 42344 42344 41930 41930 104685 104685 157850 15419 142431 196189 196189 491941 491941 604 604 58557 58557 1273631 738070 507407 28154 457983 17132 440851 OUTSOURCED MANAGEMENT EXP 928735 928735 ATHLETIC - SPORTS 368083 368083 GAS/OIL/TOLLS 83645 83645 COMPUTER/PHONE EQUIPMENT 50634 50634 734085 367144 324491 42450 12850872 9156118 3255005 439749 700 700 7167973 7046016 796260 319156 15149 36064 61254 58266 34023938 15689340 22238661 18334598 4500956 5173080 486362 374883 35267315 31342763 689967 488029 4404702 3501742 13972711 10444711 261497 324408 19328877 14758890 X 10430636 10526407 3129515 2924359 2378287 3133107 15938438 16583873 35267315 31342763 X 794639 -149204 X false true true X false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 280523 true true false false false false false 3964529 1261135 -77562 138315 5009787 3087042 504288 509335 136136 3964529 2869245 101416 255819 139438 3087042 3710579 11495 -711362 141467 2869245 1.00000 false false false 695256 695256 23950392 8390756 15559636 3698905 2453490 1245415 5679385 4845094 834291 18334598 BOOK RESERVE- LOWER SCHOOL TEXTS 104396 RESERVE FOR LEARNING SUPPORT SERVICE 73441 TABLET DEPOSITS 42741 RESERVE FOR LONG RANGE PLANNING PROC 38993 A/P-U/S DISCRETIONARY FUND 21177 BAND EQUIPMENT MAINTENANCE RESERVE 16193 STUDENT ACTIVITY-CLUB FUNDS 7882 A/P-L/S DISCRETIONARY FUND 4758 RESERVE FOR FOOTBALL 4200 MU ALPHA THETA CLUB FUNDS 3776 RESERVE FOR LACROSSE 3250 A/P-M/S DISCRETIONARY FUND 1205 GRANT TEEN COURT US - REV. 1044 SUPERFANS CLUB 842 GLOBAL AWARENESS CLUB 332 RESERVE FOR WAXLAX CENTER 128 RESERVE FOR HILTON/BUELL ART SCHOLAR 50 324408 13645511 12850872 794639 -149204 -149204 645435 13677439 -149204 181132 31928 13645511 13645511 13032004 181132 181132 12850872 12850872 INTENDED USES FOR ENDOWMENT FUNDS SCHEDULE D, PAGE 2, PART V, LINE 4 PROGRAM SUPPORT FUNDS ENHANCE THE CURRICULUM AND SUPPORT PROGRAMS VITAL TO THE SCHOOL'S MISSION. FACULTY SUPPORT FUNDS RECOGNIZE THAT A VITAL AND ENERGIZED FACULTY ARE THE HALLMARK OF AN EXCEPTIONAL INDEPENDENT SCHOOL. THESE GIFTS NOURISH AND STRENGTHEN THE FACULTY AS WELL AS HONOR THIER MANY ACHIEVEMENTS. FACILITY SUPPORT FUNDS ENSURE THE STEWARSHIP OF THE PHYSICAL RESROUCES. STUDENT SUPPORT FUNDS PROVIDE FINANCIAL ASSISTANCE SO THAT TALENTED STUDENTS THROUGHOUT THE COMMUNITY ARE ABLE TO ATTEND SAINT EDWARD'S SCHOOL. LIABILITY UNDER FIN 48 FOOTNOTE SCHEDULE D, PAGE 3, PART X THE SCHOOL IS A NON-PROFIT ORGANIZATION EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM SIMILAR STATE AND LOCAL TAXES. ALTHOUGH THE SCHOOL WAS GRANTED INCOME TAX EXEMPTION BY THE INTERNAL REVENUE SERVICE, SUCH EXEMPTION DOES NOT APPLY TO "UNRELATED BUSINESS TAXABLE INCOME." THE SCHOOL HAS BEEN CLASSIFIED AS NOT A PRIVATE FOUNDATION. ASC TOPIC 740 SEEKS TO REDUCE THE SIGNIFICANT DIVERSITY IN PRACTICE ASSOCIATED WITH FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT IN ACCOUNTING FOR DISCLOSURES OF TAX AND PRESCRIBES THE RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTED FOR DISCLOSURES OF TAX POSITIONS PREVIOUSLY TAKEN OR EXPECTED TO BE TAKEN ON AN INCOME TAX RETURN. NON-PROFIT ENTITIES ARE ALSO WITHIN THE SCOPE OF ASC TOPIC 740. AN ENTITY MUST CONSIDER WHETHER IT HAS ENGAGED IN ACTIVITIES THAT JEOPARDIZE ITS CURRENT TAX EXEMPT STATUS WITH THE INTERNAL REVENUE SERVICE. FURTHERMORE, THE ENTITY MUST DETERMINE WHETHER IT HAS ANY UNRELATED BUSINESS INCOME, WHICH MAY BE SUBJECT TO FEDERAL AND STATE INCOME TAXES. THE SCHOOL ANALYZES ITS FILING POSITIONS IN THE FEDERAL AND STATE JURISDICTIONS WHERE IT IS REQUIRED TO FILE INCOME TAX RETURNS, AS WELL AS ALL OPEN TAX YEARS IN THESE JURISDICTIONS. THE SCHOOL ALSO TREATS INTEREST AND PENALTIES ATTRIBUTABLE TO INCOME TAXES, AND REFLECTS ANY CHARGE FOR SUCH, TO THE EXTENT THEY ARISE, AS A COMPONENT OF ITS OTHER GENERAL AND ADMINISTRATIVE EXPENSES. THE CONTINUED APPLICATION OF ASC TOPIC 740 HAS NO IMPACT ON THE SCHOOL'S FINANCIAL STATEMENTS. THE SCHOOL HAS EVALUATED THE PROVISION OF ASC TOPIC 740 REGARDING ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE EVALUATION WAS PERFORMED FOR THE FISCAL YEARS 2009 THROUGH 2012, THE YEARS WHICH REMAIN SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS AS OF JUNE 30, 2012. THE SCHOOL CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION IN THE SCHOOL'S FINANCIAL STATEMENTS AS OF JUNE 30, 2012 AND 2011. THE SCHOOL DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS ("UTB") (E.G., TAX DEDUCTIONS, EXCLUSIONS, OR CREDITS CLAIMED OR EXPECTED TO BE CLAIMED) TO SIGNIFICANTLY CHANGE IN THE NEXT TWELVE MONTHS. THE SCHOOL DOES NOT HAVE ANY AMOUNTS ACCRUED FOR INTEREST AND PENALTIES RELATED TO UTBS AT JUNE 30, 2012 OR 2011, AND IT IS NOT AWARE OF ANY CLAIMS FOR SUCH AMOUNTS BY FEDERAL OR STATE INCOME TAX AUTHORITIES. RECONCILIATION OF CHANGES - OTHER SCHEDULE D, PAGE 4, PART XI, LINE 8 CLASSIFICATION DIFFERENCES 181,132 CLASSIFICATION DIFFERENCES -181,132 REVENUE AMOUNTS INCLUDED IN FINANCIALS - OTHER SCHEDULE D, PAGE 4, PART XII, LINE 2D CLASSIFICATION DIFFERENCES 181,132 EXPENSE AMOUNTS INCLUDED IN FINANCIALS - OTHER SCHEDULE D, PAGE 4, PART XIII, LINE 2D CLASSIFICATION DIFFERENCES 181,132 true true true true true true true false false false false false false false false false false true PUBLICATION OF NONDISCRIMINATORY POLICY IN MEDIA EXPLANATION SCHEDULE E LINE 3 COUNCIL OF INDEPENDENT SCHOOLS HANDBOOK ANNUAL BENEFIT 381167 303167 78000 10000 1500 60419 PARENTS & SPORT 165294 165294 56068 546461 303167 243294 10000 1500 116487 127987 115307 true FINANCIAL AID-EXISTING ST 119 1275284 BENEFIT- FACULTY SCHOLARS 38 623625 X X X true true X X X X false false false false false false false false false MICHAEL MERSKY 274053 10268 20554 4803 309678 X 1 3000 KELLY BLUE BOOK X 9 24425 SALE - NY STOCK EXCHANGE false true false ORGANIZATION'S MISSION FORM 990 - ORGANIZATION'S MISSION SAINT EDWARD'S SCHOOL IS A COMMUNITY AND CULTURE WHICH PROMOTES LIFE-LONG LEARNING BY DEVELOPING CRITICAL THINKING, COLLABORATION, AND A THOROUGH PREPARATION FOR COLLEGE AND THE FUTURE. FOUNDED UPON THE EPISCOPAL TRADITION, THE FOCUS IS ON THE WHOLE CHILD, LED BY A STRONG FACULTY WHO WORK TO HELP ALL STUDENTS REACH THEIR FULL POTENTIAL IN THE CLASSROOM AND BEYOND. ADDITIONAL INFORMATION FORM 990 PART VIII - OTHER REVENUE ON OCTOBER 5, 2011, THE SCHOOL TRANSFERRED THE OWNERSHIP OF THE LOWER SCHOOL PROPERTY TO WELLS FARGO BANK, N.A. AS ALLOWED UNDER THE FORBEARANCE AND LOAN MODIFICATION AGREEMENT. THE SCHOOL WAS GIVEN CREDIT OF 3,528,000 TOWARD REPAYMENT OF THE DEBT UNDER THE SECOND AMENDMENT TO FORBEARANCE AND LOAN MODIFICATION. THE DIFFERENCE BETWEEN THE NET BOOK VALUE OF THE ASSETS TRANSFERRED AND THE CREDIT OBTAINED TOWARD REPAYMENT OF THE DEBT WAS RECOGNIZED AS GAIN IN THE AMOUNT OF 546,025. ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS REVIEWED BY THE FINANCE COMMITTEE AND PROVIDED TO THE BOARD PRIOR TO BEING FILED. ENFORCEMENT OF CONFLICTS POLICY FORM 990, PAGE 6, PART VI, LINE 12C REVIEWED ANNUALLY AND ANY POTENTIAL CONFLICTS ARE ADDRESSED. COMPENSATION PROCESS FOR TOP OFFICIAL FORM 990, PAGE 6, PART VI, LINE 15A COMPARISON WITH COMPATIBILITY DATA OF EQUIVALENT SCHOOLS; PERFORMANCE EVALUATION; NATIONAL ASSOCIATION OF INDEPENDENT SCHOOL (NAIS), REVIEW BY OUTSIDE COMPENSATION CONSULTANT, AND FLORIDA COUNCIL OF INDEPENDENT SCHOOLS (FCIS)STATISTICS. COMPENSATION PROCESS FOR OFFICERS FORM 990, PAGE 6, PART VI, LINE 15B COMPARISON WITH COMPATIBILITY DATA OF EQUIVALENT SCHOOLS; PERFORMANCE EVALUATION; NATIONAL ASSOCIATION OF INDEPENDENT SCHOOL (NAIS) AND FLORIDA COUNCIL OF INDEPENDENT SCHOOLS (FCIS)STATISTICS. GOVERNING DOCUMENTS DISCLOSURE EXPLANATION FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. OTHER CHANGES IN NET ASSETS EXPLANATION FORM 990, PART XI, LINE 5 NET UNREALIZED LOSS ON INVESTMENTS (149,204)