2013-05-15T14:19:29-05:00 2012-06-30 420714325 MCGLADREY LLP 100 INTERNATIONAL DRIVE SUITE 1400 BALTIMORE MD 21202 990 2011-07-01 520709497 ST PAUL'S SCHOOL FOR GIRLS INC STPA 4108236323 11232 FALLS ROAD BROOKLANDVILLE MD 21022 KATHRYN GOULD MCKEW 4108236323 2013-05-15 1 JULIA FLANNERY CPA P00928918 4102469300 2011 2016-02-24 21:20:13Z MONICA GILLESPIE PHD 11232 FALLS ROAD BROOKLANDVILLE MD 21022 17270492 0 X WWW.SPSFG.ORG X 1959 MD TO PROVIDE EDUCATIONAL SERVICES FOR GIRLS IN GRADES 5 - 12. 27 25 139 50 0 0 1051394 791993 10372385 10005990 472554 615546 237858 89923 12134191 11503452 1554262 1604720 0 0 6039343 5881627 0 0 483305 3910507 4081743 11504112 11568090 630079 -64638 30976868 33669117 7436440 10449772 23540428 23219345 X ST. PAUL'S SCHOOL FOR GIRLS EDUCATES THE MINDS AND HEARTS OF GIRLS IN A SUPPORTIVE AND INTELLECTUALLY CHALLENGING COMMUNITY THAT ENCOURAGES RESPECT, INTEGRITY, CREATIVITY, AND SPIRITUAL GROWTH, PREPARING THEM AS INDEPENDENT AND CONFIDENT YOUNG WOMEN TO EMBRACE THE EXTRAORDINARY OPPORTUNITIES OF OUR COMPLEX WORLD. 0 0 8587932 1604720 10005990 INSTRUCTIONAL & STUDENT AID - 404 STUDENTS SERVED BY INSTRUCTIONAL EXPENDITURES IN GRADES 5 - 12. 8587932 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 1 0 0 0 0 1 1 0 0 0 1 66 0 1 139 1 0 0 0 0 0 0 0 0 0 0 X 27 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MD X KATHRYN R MCKEW 4108236323 11232 FALLS ROAD BROOKLANDVILLE MD 21022 HON JUDITH C ENSOR 1.50 X X 0 0 0 KIM GOETZE BURCH 1.50 X X 0 0 0 KATHERINE A COURPAS 1.50 X X 0 0 0 CLIFFORD B LULL III 1.50 X X 0 0 0 MONICA M GILLESPIE 60.00 X X 274439 0 68778 JOHN A SAXTON 1.50 X X 0 0 0 REV MARK STANLEY 1.50 X X 0 0 0 JACK L HARVEY 1.50 X X 0 0 0 DAVID K WELLS 1.50 X X 0 0 0 CRYSTAL S EDWARDS 1.50 X 0 0 0 GARY D MARINO 1.50 X 0 0 0 ELISE A BUTLER 1.50 X 0 0 0 WILLIAM W STRICKLAND JR 1.50 X 0 0 0 WILLIAM F BEAUCHAMP 1.50 X 0 0 0 PATRICIA K CARROLL 1.50 X 0 0 0 RAVEN A DENNIS 1.50 X 0 0 0 MARY BAKER EDWARDS 1.50 X 0 0 0 JONATHAN E FARBER 1.50 X 0 0 0 LEO J KELLY III 1.50 X 0 0 0 ROBB L MERRITT 1.50 X 0 0 0 TRICIA D O'NEILL 1.50 X 0 0 0 PAMELA S SCHUTZ 1.50 X 0 0 0 TEHMA H SMITH 1.50 X 0 0 0 MICHAEL D SULLIVAN 1.50 X 0 0 0 JAMES A VLK 1.50 X 0 0 0 JANET COLT WANG 1.50 X 0 0 0 MARILYN S WARSHAWSKY 1.50 X 0 0 0 KATHRYN GOULD MCKEW 55.00 X 122632 0 11768 JAMES STROMBERG 55.00 X 115500 0 8820 512571 0 89366 3 0 1 0 MINDSHIFT TECHNOLOGIES PO BOX 200105 PITTSBURGH PA 15251 SERVER AND DATA MGMT 250787 MECHANICAL ENGINEERING 2056 LORD BALTIMORE DRIVE BALTIMORE MD 21244 HVAC REPLACEMENT 223894 UNITED BUILDING SERVICES 3300 WEST MACARTHUR BOULEVARD SANTA ANA CA 92704 CLEANING/JANITORIAL 122440 3 791993 152880 791993 TUITION 611600 9530640 9530640 SCHOLARSHIPS 611600 185930 185930 OTHER CHARGES 611600 160045 160045 ATHLETICS 611600 97978 97978 CAFETERIA 611600 24678 24678 6719 6719 10005990 118394 118394 155000 0 155000 155000 155000 5989418 5492266 497152 497152 497152 209697 274774 -65077 -65077 11503452 9981312 0 730147 1604720 1604720 446934 309774 111113 26047 4515691 3134374 1119304 262013 268273 192551 62727 12995 288659 188949 79085 20625 362070 258141 82057 21872 22242 22242 30725 30725 85436 85436 467593 454522 13071 53775 53775 291623 150829 105502 35292 171498 46653 124256 589 548897 528134 20763 34272 11258 23014 17508 13277 3910 321 83738 83738 824265 801765 22500 76102 76102 OTHER EXPENSES 601741 131675 386122 83944 ST. PAUL'S STUDENT CTR. 416770 416770 ATHLETICS 192894 192894 FIELD TRIPS 95840 95840 66824 55806 4482 6536 11568090 8587932 2496853 483305 788 788 3228711 6179083 1062209 860034 31757 62486 44442 48994 263480 143541 25030580 8806905 16408834 16223675 9364899 9750804 374674 252594 197074 147118 30976868 33669117 539243 383853 2286084 2537166 3940000 3520000 2046564 671113 1962189 7436440 10449772 X 15668578 15334211 2633406 2487239 5238444 5397895 23540428 23219345 30976868 33669117 X -64638 -256445 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9739573 263432 297785 61007 236385 10003398 7582695 507425 1971114 87451 234210 9739573 6190879 652596 1072620 75642 257758 7582695 8329102 179092 -2016963 74685 325667 6190879 0.30410 0.45920 0.23670 0 0 137091 137091 21870954 6610542 15260412 3022535 2196363 826172 16223675 ACCRUED SALARIES AND WAGES 462189 LINE OF CREDIT 1500000 1962189 11503452 11568090 -64638 -233147 -23298 -256445 -321083 11766777 -233147 2065762 1832615 9934162 85436 1483854 1569290 11503452 12065622 2066822 2066822 9998800 85436 1483854 1569290 11568090 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE ENDOWMENT FUNDS ARE USED TO SUPPORT NEED BASED FINANCIAL AID; MERIT BASED SCHOLARSHIPS AND PRIZES; PROFESSIONAL DEVELOPMENT FOR FACULTY; VISITING SCHOLARS; AND THE LEARNING SERVICES PROGRAM. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE SCHOOLS HAVE ADOPTED THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS POLICY, THE SCHOOLS MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE-LIKELY-THAN-NOT THAT THE TAX POSITION WOULD BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. MANAGEMENT HAS EVALUATED THE SCHOOLS' TAX POSITIONS AND HAS CONCLUDED THAT THE SCHOOLS HAVE TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE COMBINED FINANCIAL STATEMENTS TO COMPLY WITH PROVISIONS OF THIS GUIDANCE. THE SCHOOLS ARE NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE JUNE 30, 2009. PART XI, LINE 8 - OTHER ADJUSTMENTS: LOSS ON INTEREST RATE SWAP AGREEMENT -23,298. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD ON F/S REPORTED ON PAGE 9, LINE 10B OF 990 274,774. REVENUE FROM AFFILIATE INCLUDED ON COMBINED FINANCIAL STATEMENTS 1,790,988. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND FINANCIAL AID NETTED ON FINANCIAL STATEMENTS 1,328,854. REVENUE ELIMINATED ON COMBINED FINANCIAL STATEMENTS 155,000. PART XIII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD ON F/S REPORTED ON LINE 10B OF 990 274,774. EXPENSES FROM AFFILIATE INCLUDED ON COMBINED FINANCIAL STATEMENTS 1,768,750. LOSS ON INTEREST RATE SWAP 23,298. PART XIII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND FINANCIAL AID NETTED ON FINANCIAL STATEMENTS 1,328,854. EXPENSES ELIMINATED ON COMBINED FINANCIAL STATEMENTS 155,000. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 IN THE ANNUAL HANDBOOK AND NEWSPAPER ADVERTISEMENTS. 1 SCHOLARSHIPS AND FINANCIAL AID 122 1604720 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE FINANCIAL AID AND SCHOLARSHIPS ARE CREDITED TO THE STUDENT'S ACCOUNT. THE NET AMOUNT OF TUITION IS PAID. THE STUDENTS ACADEMIC PROGRESS IS MONITORED THROUGHOUT EACH SCHOOL YEAR TO ENSURE SHE IS IN GOOD STANDING. X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 MONICA M GILLESPIE 194117 0 0 0 80322 0 13003 0 55775 0 343217 0 0 0 PART I, LINE 1A THE HEAD OF SCHOOL RECEIVES THESE BENEFITS. HOUSING AND PERSONAL SERVICES ARE NOT INCLUDED IN HER TAXABLE COMPENSATION. 10975 FINANCIAL AID X 6 152880 FMV 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 THE BOARD CHAIR AND THE TREASURER REVIEWED THE FORM 990 FOR OVERALL REASONABLENESS. FORM 990, PART VI, SECTION B, LINE 12C THE SCHOOL HAS A CONFLICT OF INTEREST POLICY THAT IS SIGNED ANNUALLY BY EACH TRUSTEE. THE POLICY IS MONITORED BY REQUIRING THREE BIDS FOR ANY MATERIAL GOODS/SERVICES PROCUREMENT. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES SELECTED 4 MEMBERS TO NEGOTIATE THE HEAD OF SCHOOL'S CONTRACT. STATISTICS WERE OBTAINED FROM THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS FOR COMPARABLE COMPENSATION PACKAGES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. THE REQUEST CAN BE MADE THOUGH THE HEAD OF SCHOOL WHO WOULD NOTIFY THE DIRECTOR OF FINANCE AND OPERATIONS TO GATHER THE DOCUMENTS AND HAVE THEM DISTRIBUTED BY THE HEAD OF SCHOOL. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -233,147. LOSS ON INTEREST RATE SWAP AGREEMENT -23,298. TOTAL TO FORM 990, PART XI, LINE 5: -256,445. HOURS DEVOTED TO RELATED ORGANIZATIONS: FORM 990, PART VII, SECTION A SEVERAL DIRECTORS OF ST. PAUL'S SCHOOL FOR GIRLS, INC. ARE ALSO DIRECTORS OF ST. PUAL'S PLUS, INC., A RELATED ORGANIZATION. HOURS DEVOTED TO ST. PAUL'S PLUS, INC. ARE LISTED BELOW. THESE HOURS ARE ALL UNCOMPENSATED, VOLUNTEER HOURS. INDIVIDUAL HOURS DEVOTED TO ST. PAUL'S PLUS HON. JUDITH C. ENSOR 1.5 KIM GOETZE BURCH 1.5 KATHERINE A. COURPAS 1.5 CLIFFORD B. LULL, III 1.5 JOHN A. SAXTON 1.5 REV. MARK STANLEY 1.5 JACK L. HARVEY 1.5 DAVID K. WELLS 1.5 CRYSTAL S. EDWARDS 1.5 GARY D. MARINO 1.5 ELISE A. BUTLER 1.5 WILLIAM W. STRICKLAND, JR. 1.5 MONICA M. GILLESPIE, PH.D. 1.5 ST PAUL'S PLUS 11232 FALLS ROAD BROOKLANDVILLE MD 21022 521748592 DAY CARE, DAY CARE FACILITIES, PROGRAMS AND SERVICES MD 501(C)(3) LINE 2 ST PAUL'S SCHOOL FOR GIRLS INC 1 ST PAUL'S STUDENT CENTER CORPORATION 11152 FALLS ROAD BROOKLANDVILLE MD 21022 521659715 ARTS CENTER AND DINING HALL MD 501(C)(3) LINE 11A, I ST PAUL'S SCHOOL FOR GIRLS INC 1 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 1 0 ST PAUL'S PLUS K 95000 FMV ST PAUL'S PLUS I 60000 FMV ST PAUL'S STUDENT CENTER Q 341375 FMV