2012-03-12T12:33:43-07:00 2011-06-30 990 2010-07-01 560532314 SAINT MARYS SCHOOL SAIN 9194244125 900 Hillsborough Street Raleigh NC 27603 John Gripman 9194244123 2012-03-12 2010 2016-02-24 21:20:13Z X JOHN B GRIPMAN 900 Hillsborough Street Raleigh NC 27603 12751495 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. 24 24 180 368 0 0 7093006 2543353 8197135 8630180 33689 205268 73724 89665 15397554 11468466 1240853 1366079 0 0 5816709 6024864 46013 36973 760664 4788940 4655764 11892515 12083680 3505039 -615214 55589214 55948375 19777835 18604001 35811379 37344374 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 6826995 1366079 5699126 Educational activities and related academic support and aid for 276 students. 1020125 0 2931054 Saint mary's provides a boarding program for students and faculty and other auxiliary services to further academic achievement. 0 0 0 7847120 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 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 73 0 1 180 1 0 0 0 0 0 1 1 0 0 0 0 X 24 24 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 John B Gripman 9194244123 900 Hillsborough Street Raleigh NC 27603 X W Trent Ragland III 5 X 0 0 0 William G Taylor 1.5 X 0 0 0 R Marks Arnold 1 X 0 0 0 Theodore D Bratton 1 X 0 0 0 Mary Louise Bizzell Burress 0.75 X 0 0 0 Elizabeth Stewart Long 0.75 X 0 0 0 Dabney Johnston Mann 0.75 X 0 0 0 Lanier Brown May 1 X 0 0 0 Thomas H McGuire Jr 0.75 X 0 0 0 William V Nutt Jr 1 X 0 0 0 Louis Oats 0.75 X 0 0 0 Frances Schultz 0.75 X 0 0 0 Peter M Scott III 1.0 X 0 0 0 Tracey Fodor Smith 0.75 X 0 0 0 Margery Johnson Springer 0.75 X 0 0 0 Louise Johnson Clement 0.75 X 0 0 0 Angelyn Thomas Bridges 0.75 X 0 0 0 Mary Clara Capel 0.75 X 0 0 0 Anna DuBose Doughton 0.75 X 0 0 0 Allison Moore Garrott 0.75 X 0 0 0 Lane Turnner Nash 1.0 X 0 0 0 F Jefferson Stocks 1.0 X 0 0 0 Edwin L Walker 0.75 X 0 0 0 Margaret Williams 0.75 X 0 0 0 Theo Wilkes Coonrod 40 X 218780 0 95966 John B Gripman 40 X 113373 0 6257 Abigail T Johnston 40 X 100405 0 9301 432558 0 111524 3 0 1 0 Brock and Company Inc 257 Great Valley Parkway Malvern PA 19355 Food Service 636596 IBM PO Box 643600 Pittsburgh PA 15264 Leasing Tablets 198556 CDW Government Inc 75 Remittance Drive Chicago IL 60675 PC Tablets 281189 Newcomb and Company PO Box 58010 Raleigh NC 27658 HVAC Repair and Replacements 166101 4 0 0 67508 0 0 2475845 536955 2543353 Tuition & Fees 900099 5699126 5699126 0 0 Housing 900099 1433855 1433855 0 0 Food Service 900099 1081680 1081680 0 0 Student Store 900099 37808 34136 0 3672 Sports/Other Camps 900099 98064 98064 0 0 279647 279647 0 0 8630180 179072 0 0 179072 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1231765 0 1205569 0 26196 0 26196 0 0 26196 167125 67508 77460 89665 0 89665 0 0 0 0 0 0 0 0 0 0 0 0 0 11468466 8626508 0 298605 1366079 1366079 353723 353723 4557331 3248690 857175 451466 172208 125178 32680 14350 573120 392089 133025 48006 368482 235146 100430 32906 8386 8386 38998 38998 36973 36973 145950 145950 86702 68479 18223 120941 17154 45575 58212 364179 170959 111332 81888 116947 112622 4325 399494 399494 52547 33486 13900 5161 25541 24084 1457 808245 808245 1027776 924998 102778 90695 18139 72556 Food Service 601169 594770 5707 692 Repairs & Replacements 117212 87647 29565 Program Expenses 386067 360709 2944 22414 Building, Grounds & Maintenance 145769 28562 117207 None 0 0 0 119146 29943 80607 8596 12083680 7847120 3475896 760664 1420 1420 6992563 6364371 4170297 2750419 105994 123962 1347688 153975 110667 123478 110780 73478 37556590 12598804 25342787 24957786 15242601 18843043 860411 1325392 0 1304006 1231051 55589214 55948375 1801293 1633102 16885000 16285000 228000 208000 863542 477899 19777835 18604001 X 2756961 5247402 13415577 12201080 19638841 19895892 35811379 37344374 55589214 55948375 X -615214 2148209 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 14906568 1216998 1785440 52021 176955 145950 17534080 13796801 338802 1125556 90881 114523 149187 14906568 19385244 374452 -4539503 749391 520227 153774 13796801 0.022 0.968 0.01 0 0 0 217476 217476 0 30787139 10142865 20644274 0 0 0 0 0 2201774 815634 1386140 0 4350201 1640305 2709896 24957786 0 Annuities 21782 Advances & Deposits 456117 477899 11468466 12083680 -615214 1974666 0 0 0 173543 2148209 1532995 12015312 1974666 0 0 -1359330 615336 11399976 145950 -77460 68490 11468466 10649109 0 0 0 -1366079 -1366079 12015188 145950 -77458 68492 12083680 SchD_P05_S00_L04 Schedule D, Part V, Line 4 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, 2011 and 2010. Tax years ended June 30, 2008 through June 30, 2011 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 gain on cash flow hedge, $166,792 + misc adj of $$6,751 SchD_P12_S00_L02d Schedule D, Part XII, Line 2d Scholarships, FS decreased revenue by -$1,366,079 + misc adj +$6,749= -$1,359,330 SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Auction expenses SchD_P13_S00_L02d Schedule D, Part XIII, Line 2d Student aid SchD_P13_S00_L04b Schedule D, Part XIII, Line 4b Auction expenses, 77,460 + misc adj due to rounding of 2 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 young women in grades 9-12. We admit girls of any race, color, religion, or national or ethnic origin." The statement is included in ads in the Raleigh News & Observer, routinely 3 or 4 times prior to each visitation day, which occur 4 times a year. X X X X X X 1 Marts & Lundy 1200 Wall Street West Lyndhurst NJ 07071 Consult on fundraising activities. 0 0 31187 -31187 RuffaloCody PO Box 3018 Cedar Rapids IA 52406 Phone solicitations for annual fund. 0 44804 23455 21349 44804 54642 -9838 Auction 234633 67508 167125 10000 9429 12276 27271 0 18483 0 0 234633 67508 167125 10000 9429 12276 27271 0 18483 77459 89666 1 Scholarship - Merit Based 42 398162 Scholarship - Need Based 82 967917 SchI_P01_S00_L02 Schedule I, Part I, Line 2 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 153210 0 0 0 18070 0 45943 0 50023 0 267246 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 2008 0 0 1 1 0 0 0 0 0 0 0 0 0 1 1 1 Wells Fargo 15 0 0 0 0 1 Related to BOT member Daughter of BOT member 3000 Scholarship X 39 518188 FMV X Equipment 13 7767 Donor valued X Kawai Grand Piano 1 11000 Opinion of Expert 1 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_L11a Form 990, Part VI, Section B, Line 11a Completed form 990 was electronically provided to the Finance Committee of the BOT for their review, and then disussion at their committee meeting in Feb 2012. the return was edited per comments received. 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. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 The School provides its governing documents, conflict of interest policy and ifnancial statements to the public upon request. The list of Board of Trustees is available to the public on the School's web site. F990_P07_S0A_L01a Form 990, Part VII, Section A, Line 1a Reportable compensation for Theo Coonrod, Head of School, includes $47,500 of prior years deferred compensation under section 457(b) plan. F990_P11_S00_L05 Form 990, Part XI, Line 5 Unrealized gain on investments, $1,974,666; Unrealized gain on cash flow hedge, $166,792; Misc. adjustment, $6,751 Additional time was required to assemble the information necessary to file a complete and accurate tax return. Extension of time was approved.