2013-05-14T08:59:56-05:00 2012-06-30 BATCHELOR TILLERY & ROBERTS LLP 3605 GLENWOOD AVENUE SUITE 350 RALEIGH NC 27612 990 2011-07-01 237241145 ST DAVID'S SCHOOL % MIRIAM LESHNOCK STDA 9197823240 3400 WHITE OAK ROAD RALEIGH NC 27609 MIRIAM LESHNOCK 2013-05-13 true RONALD A BATCHELOR 9197878212 2011 2016-02-24 21:20:13Z KEVIN J LOCKERBIE 3400 WHITE OAK ROAD RALEIGH NC 27609 11167775 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 10 172 275 0 822126 903886 9346085 10057181 7170 7946 174985 198762 10350366 11167775 594269 585120 0 0 6536027 6999302 0 0 119660 3629989 3371547 10760285 10955969 -409919 211806 25157428 24295994 17107913 16050486 8049515 8245508 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 7227743 10057181 EXPENSES ARE INCURRED TO OPERATE A SCHOOL FOR APPROXIMATELY 614 KINDERGARTEN THROUGH 12TH GRADE STUDENTS. THESE EXPENSES INCLUDE TEACHER SALARIES, EDUCATIONAL MATERIALS, FIELD TRIPS AND OTHER STUDENT ACTIVITIES. 7227743 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 false false true false false false false false false false false false false false true 31 0 true 172 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 229986 0 25459 MIRIAM F LESHNOCK 1.0 X 85924 2820 315910 0 28279 1 false true false 0 903886 21538 903886 TUITION & REGISTRATION 900099 9654006 9654006 ACADEMIC SUPPORT 900099 112305 112305 AFTER SCHOOL CARE 900099 32194 32194 OTHER SCHOOL ACTIVITIES 900099 258676 258676 10057181 7946 7946 0 0 198762 198762 198762 198762 0 0 0 0 0 0 0 11167775 10024987 238902 0 585120 585120 0 0 355064 355064 0 5501664 3997495 1504169 278157 203634 74523 445103 313930 131173 419314 287725 131589 0 1061 1061 40045 40045 0 0 0 23604 11977 11627 83334 83334 238007 112921 92985 32101 142890 142890 0 211233 29572 177436 4225 0 0 39882 19941 19941 261205 261205 0 869024 869024 72415 72415 REPAIRS & MAINTENANCE 359809 25371 334438 INSTRUCTIONAL MATERIALS 200124 200124 BAD DEBT EXPENSE 188738 188738 ATHLETIC EQUIPMENT, FEES ETC 176171 176171 464005 210742 253263 10955969 7227743 3608566 119660 2916698 3917431 0 0 3944237 3048279 228559 57092 0 0 0 0 0 0 0 0 73142 66511 21957209 5264285 17410474 16692924 0 0 209500 200000 0 0 0 0 374818 313757 25157428 24295994 91912 112494 0 0 5001825 4337992 12000000 11600000 0 0 0 0 14176 0 0 0 0 0 17107913 16050486 X 4053203 5130194 3967028 3096030 29284 19284 8049515 8245508 25157428 24295994 X 211806 -15813 X false true true X false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 29284 10000 19284 28384 900 29284 17075 11025 284 28384 16025 930 202 82 17075 1.00000 false false 470793 470793 19649893 3893398 15756495 909715 724963 184752 926808 645924 280884 16692924 0 0 11167775 10955969 211806 211806 10582655 10582655 585120 585120 11167775 10370849 10370849 585120 585120 10955969 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 XII, LINE 4B $585,120 FINANCIAL AID INCLUDED AS A REDUCTION OF TUITION RECEIVED RECONCILIATION OF EXPENSES PART XIII, LINE 4B $585,120 FINANCIAL AID INCLUDED AS A REDUCTION OF TUITION RECEIVED. 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 103 585120 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 X true false X X X false false false false false false false false false KEVIN J LOCKERBIE 211263 0 6000 0 12723 0 13088 0 12933 0 256007 0 0 0 NORTH CAROLINA CAPITAL FACILITIES FINANCE AGENCY 561592154 65818PGR4 2008-10-16 12000000 FINANCE CAPITAL CONSTRUCTION & true false false 0 0 12000000 0 0 0 161371 0 0 11838629 0 0 2010 false false true true false false false false false 0 false false true true BB&T 2. false false false 0 false false KIMBERLY J LOCKERBIE HEADMASTER'S WIFE 10000 MARKETING SERVICES false 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 11 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, QUESTION 5 -$15,813 UNREALIZED LOSS ON CASH FLOW HEDGE