2012-03-13T07:41:53-05:00 2011-06-30 HANTZMON WIEBEL LLP CPA'S 818 E JEFFERSON ST PO BOX 1408 CHARLOTTESVILLE VA 22902 990 2010-07-01 540880465 ST ANNE'S-BELFIELD INC STAN 4342965106 2132 IVY ROAD CHARLOTTESVILLE VA 22903 TOM FRESHWATER 4342965106 2012-03-01 1 ALFRED L LAYNE JR 4342962156 2010 2016-02-24 21:20:13Z TOM FRESHWATER 2132 IVY ROAD CHARLOTTESVILLE VA 22903 35361938 0 X WWW.STAB.ORG X 1910 VA THE OPERATION OF A PRIVATE SCHOOL OFFERING QUALITY PRIMARY AND SECONDARY INSTRUCTION FOR STUDENTS OF ALL NATIONALITIES AND RACES. 15 15 355 15 1900 0 4799179 14241553 16910222 17832079 896189 1270554 33959 91060 22639549 33435246 3002074 3129000 0 0 11033870 11848178 0 0 521786 6433424 9043736 20469368 24020914 2170181 9414332 76123414 83889808 39924079 36170569 36199335 47719239 THE OPERATION OF A PRIVATE SCHOOL OFFERING QUALITY PRIMARY AND SECONDARY INSTRUCTION FOR STUDENTS OF ALL NATIONALITIES AND RACES. 0 0 3129000 3129000 FINANCIAL ASSISTANCE (TUITION REDUCTIONS) - FINANCIAL ASSISTANCE WAS PROVIDED TO STUDENTS. APPROXIMATELY 353 STUDENTS RECEIVED TUITION REDUCTIONS DURING THE YEAR. 16881645 17863248 ST. ANNE'S - BELFIELD SCHOOL IS AN INDEPENDENT SCHOOL PROVIDING EDUCATIONAL SERVICE TO APPROXIMATELY 861 STUDENTS GRADES PRE-KINDERGARTEN THROUGH 12TH GRADE. 20010645 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 34 0 1 355 1 1 1 1 EI 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 0 0 X ST ANNE'S-BELFIELD INC 4342965106 2132 IVY ROAD CHARLOTTESVILLE VA 22903 RICHARD BOOTH JR 4.00 X X 0 0 0 KAKIE BROOKS 4.00 X X 0 0 0 ROBERT HARDIE 4.00 X X 0 0 0 AMANDA MEGARGEL 4.00 X X 0 0 0 KENNETH ABRAHAM 4.00 X 0 0 0 MICHAEL DERDEYN 4.00 X 0 0 0 ROBERT P COLLINS 4.00 X 0 0 0 HARRY FRAZIER IV 4.00 X 0 0 0 MICHAEL MILLIGAN 4.00 X 0 0 0 KAREN O'NEIL 4.00 X 0 0 0 MYRON RIPLEY 4.00 X 0 0 0 SUSAN SMITH 4.00 X 0 0 0 CRAIG K LITTLEPAGE 4.00 X 0 0 0 R TED WESCHLER 4.00 X 0 0 0 JOHN W ZUNKA 4.00 X 0 0 0 DAVID LOURIE 40.00 X 405111 0 23812 MICHAEL WAYLETT 40.00 X 118287 0 13385 523398 0 37197 2 0 1 0 CLIFF HARRISON 3410 BROOKLAND MANOR DRIVE POWHATAN VA 23139 CONSTRUCTION CONSULTANT 194410 1 14241553 595291 14241553 TUITION AND FEES 611600 15293081 15293081 OTHER AUXILIARY INCOME 611600 1376606 1376606 FOOD SERVICE SALES 611600 909430 909430 SVC & APPLICATION FEES 611600 139055 139055 SUMMER PROGRAM FEES 611600 113907 113907 17832079 138331 1900 136431 1149 1149 2997003 1865929 1131074 1131074 1131074 91932 60763 31169 31169 MISCELLANEOUS REVENUE 900099 59891 59891 59891 33435246 17863248 1900 1328545 3129000 3129000 537497 440747 75250 21500 9026577 7437984 1260842 327751 405348 356707 44588 4053 1180895 1039188 129898 11809 697861 614117 76765 6979 256299 256299 190817 190817 37858 37858 236755 182965 53637 153 141643 141643 493708 434463 54308 4937 105731 105731 1687401 1486524 184137 16740 96632 96632 FACULTY FINANCIAL AID 1188780 1188780 BOND EXPENSES 1087531 1087531 ABANDONMENT LOSS 872626 767911 95989 8726 BOARDING AND FOOD SERVI 849079 849079 SUPPLIES 721506 683423 36140 1943 1077370 923708 36467 117195 24020914 20010645 3488483 521786 221898 12994799 6364549 11976310 327327 291209 150000 100000 97568 106957 128259 82965 73491 43508 60024925 11780449 16461450 48244476 16886118 22281992 6254 6254 337795 324365 22295804 209874 76123414 83889808 4683744 1118317 30000000 30000000 868892 1591615 4371443 3460637 39924079 36170569 X 26607320 34125197 7376098 10852869 2215917 2741173 36199335 47719239 76123414 83889808 X 9414332 2105572 X X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16886118 3251749 2748585 348161 256299 22281992 8689749 7196042 1252204 228203 23674 16886118 6275951 3304698 724338 166562 8689749 0.89000 0.11000 1 0 124043 124043 49703954 6967312 42736642 3930006 2074318 1855688 6266922 2738819 3528103 48244476 ADVANCED TUITION 1385305 FUNDS HELD FOR DEFERRED OBLIGATIONS 86076 FUNDS HELD FOR SCHOOL RELATED ORGANIZATIONS 135782 CAPITAL LEASE OBLIGATION 174260 INTEREST RATE SWAP LIABILITY 1423113 ANNUITY LIABILITY 256101 3460637 33435246 24020914 9414332 1486434 619138 2105572 11519904 32234532 1486434 18250 679901 2184585 30049947 256299 3129000 3385299 33435246 20714628 18250 60763 79013 20635615 256299 3129000 3385299 24020914 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE SCHOOL'S ENDOWMENT CONSISTS OF APPROXIMATELY 30 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. THE ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS ESTABLISHED FOR SCHOLARSHIPS AND OPERATIONAL USES AS WELL AS FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE SCHOOL HAS REVIEWED AND EVALUATED THE RELEVANT TECHNICAL MERITS OF EACH OF ITS TAX POSITIONS IN ACCORDANCE WITH GUIDANCE ESTABLISHED BY THE FINANCIAL ACCOUNTING STANDARDS BOARD AND DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT WOULD HAVE A MATERIAL IMPACT ON THE FINANCIAL STATEMENTS OF THE SCHOOL. THE SCHOOL IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U. S. FEDERAL, STATE, OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2008. PART XI, LINE 8 - OTHER ADJUSTMENTS: MARKET VALUE ADJUSTMENTS 619,138. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD NETTED WITH REVENUE 60,763. CHANGE IN SWAP 642,790. CHANGE IN SPLIT INTEREST -23,652. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION REDUCTIONS 3,129,000. PART XIII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD NETTED WITH REVENUE 60,763. PART XIII, LINE 4B - OTHER ADJUSTMENTS: TUITION REDUCTIONS 3,129,000. 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 A STATEMENT OF THE NONDISCRIMINATORY POLICY OF ST. ANNE'S BELFIELD, INC. IS PRINTED ON ALL CATALOGUES, APPLICATIONS, NOTIFICATIONS AND OTHER SIGNIFICANT PUBLICATIONS OF THE SCHOOL. IN ORDER TO ASSIST IN RECRUITING A STUDENT BODY WHICH REFLECTS A BROAD SOCIAL AND ECONOMIC BACKGROUND, ALL SUCH MATERIALS CONTAIN A CLEAR STATEMENT ON THE SCHOOL'S NONDISCRIMINATORY POLICIES AS APPLIED TO ALL ASPECTS OF SCHOOL LIFE. A SPECIAL EMPHASIS IS MADE OF THESE POLICIES IN THE AREAS OF ADMISSIONS AND FINANCIAL AID. 1 TUITION REDUCTIONS - FINANCIAL AID 353 3129000 BOOK VALUE - COST THE SCHOOL PROVIDED NON-CASH FINANCIAL AID TO 353 STUDENTS IN THE FORM OF REDUCED TUITION. PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE SCHOOL PROVIDES NON-CASH FINANCIAL AID TO STUDENTS IN THE FORM OF REDUCED TUITION. X 1 1 X X X 0 0 0 0 0 0 0 0 0 DAVID LOURIE 405111 0 0 0 0 0 10788 0 13024 0 428923 0 0 0 PART I, LINE 1A PURSUANT TO A FORMAL EMPLOYMENT AGREEMENT APPROVED BY THE BOARD, A HOUSING ALLOWANCE IS PROVIDED TO THE HEAD OF THE SCHOOL. THIS HOUSING ALLOWANCE IS INCLUDED IN THE HEAD OF THE SCHOOL'S W-2 COMPENSATION. ECONONOMIC DEVELOPMENT AUTHORITY OF ALBEMARLE COUNTY VA 521297503 NONEAVAIL 2010-12-01 30000000 SEE SCHEDULE O 0 0 0 30000000 30000000 2010 1 0 0 1 0 0 0 0 1 0.00000 0.00000 0.00000 1 0 1 0 NA 0 0 1 DAVID LOURIE REPLACE SCHOOL PROVIDED RESIDENCE RAZED DUE TO CONSTRUCTION. X 250000 100000 0 1 1 100000 X 10 581711 X BUILDING MATERIALS 1 11291 COST X SCHOOL SUPPLIES 18 2229 COST 0 0 0 1 THIRD PARTY USE: PART I, LINE 32B: THE SCHOOL USES BROKERS TO SELL PUBLICLY TRADED SECURITIES CONTRIBUTED DURING THE YEAR. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS THOROUGHLY REVIEWED BY THE SCHOOL'S BUSINESS MANAGER AND ASSOCIATE HEAD OF SCHOOL PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, EACH MEMBER OF THE BOARD OF TRUSTEES SIGNS A STATEMENT WHICH AFFIRMS THAT THEY HAVE RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, THAT THEY HAVE READ AND UNDERSTAND THE POLICY, THAT THE AGREE TO COMPLY WITH THE POLICY, AND THAT THEY UNDERSTAND THAT THE SCHOOL MUST ENGAGE IN PRIMARILY ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSE. PERIODIC REVIEWS ARE CONDUCTED TO DETERMINE IF POTENTIAL CONFLICTS OF INTEREST EXIST AND SHOULD BE EVALUATED. THE CONFLICT OF INTEREST POLICY HAS SPECIFIC PROCEDURES TO ADDRESS PROPOSED TRANSACTIONS OR ARRANGEMENTS THAT THEY MAY POTENTIALLY GIVE RISE TO A CONFLICT OF INTEREST AND SPECIFIC PROCEDURES TO ADDRESS POTENTIAL VIOLATIONS OF THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15A A COMMITTEE WAS FORMED BY THE BOARD TO PREPARE A LONG-TERM EMPLOYMENT CONTRACT FOR THE HEAD OF THE SCHOOL. THIS COMMITTEE, IN CONSULTATION WITH VARIOUS PROFESSIONALS, DESIGNED THE CONTRACT AND PRESENTED IT TO THE FULL BOARD. THE CONTRACT WAS APPROVED BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 18 THE SCHOOL'S 1023, 990, AND 990-T CAN BE DISTRIBUTED TO THE PUBLIC UPON REQUEST. HOWEVER, ALL REQUESTS ARE SUBJECT TO THE APPROVAL OF THE HEADMASTER AND THE SCHOOL'S CONSIDERATION OF THE INTENDED USE OF THE DOCUMENTS. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS CAN BE DISTRIBUTED TO THE PUBLIC UPOD REQUEST. HOWEVER, ALL REQUESTS ARE SUBJECT TO THE APPROVAL OF THE HEADMASTER AND THE SCHOOL'S CONSIDERATION OF THE INTENDED USE OF THE DOCUMENTS. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 1,486,434. MARKET VALUE ADJUSTMENTS 619,138. TOTAL TO FORM 990, PART XI, LINE 5: 2,105,572. FINANCIAL STATEMENT REPORTING FORM 990, PAGE 12, LINE 2C THE SCHOOL'S FINANCE COMMITTEE IS RESPONSIBLE FOR OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. RACIAL NONDISCRIMINATION POLICY SCHEDULE E, LINE 3: A STATEMENT OF THE NONDISCRIMINATORY POLICY OF ST. ANNE'S BELFIELD, INC. IS PRINTED ON ALL CATALOGUES, APPLICATIONS, NOTIFICATIONS AND OTHER SIGNIFICANT PUBLICATIONS OF THE SCHOOL. IN ORDER TO ASSIST IN RECRUITING A STUDENT BODY WHICH REFLECTS A BROAD SOCIAL AND ECONOMIC BACKGROUND, ALL SUCH MATERIALS CONTAIN A CLEAR STATEMENT ON THE SCHOOL'S NONDISCRIMINATORY POLICIES AS APPLIED TO ALL ASPECTS OF SCHOOL LIFE. A SPECIAL EMPHASIS IS MADE OF THESE POLICIES IN THE AREAS OF ADMISSIONS AND FINANCIAL AID. SCHEDUKE K NOTES SCHEDULE K PART I, LINE A, COLUMN (D): THE ECONOMIC DEVELOPMENT AUTHORITY OF ALBEMARLE COUNTY, VIRGINIA'S VARIABLE RATE EDUCATIONAL FACILITIES REVENUE REFUNDING BONDS (ST. ANNE'S BELFIELD, INC.) SERIES 2009 (THE"SERIES 2009 BONDS) WERE ORIGINALLY ISSUED ON AUGUST 11, 2009. ON DECEMBER 1, 2010 (THE "REISSUANCE DATE"), THE SERIES 2009 BONDS WERE DEEMED REISSUED FOR FEDERAL TAX PURPOSES UNDER SECTION 1001 OF THE INTERNAL REVENUE CODE. PART I, LINE A, COLUMN (F): THE PAR AMOUNT OF THE SERIES 2009 BONDS WAS DEEMED SPENT ON THE REISSUANCE DATE TO REFUND THE SERIES 2009 BONDS THAT WERE OSTSTANDING ON THAT DATE. THE SERIES 2009 BONDS WERE ORIGINALLY ISSUED TO CURRENTLY REFUND THE OUTSTANDING PRINCIPAL AMOUNT OF THE ECONOMIC DEVELOPMENT AUTHORITY OF ALBEMARLE COUNTY, VIRGINIA'S VARIABLE RATE EDUCATIONAL FACILITIES REVENUE BONDS (ST. ANNE'S BELFIELD, INC.), SERIES 2008 (THE "SERIES 2008 BONDS"). THE PROCEEDS OF THE SERIES 2008 BONDS WERE USED TO FINANCE CERTAIN CAPITAL IMPROVEMENTS AT ST. ANNE'S BELFIELD'S (THE "BORROWER") FACILITIES, PRIMARILY CONSISTING OF THE ACQUISITION, CONSTRUCTION AND EQUIPPING OF A NEW ACADEMIC VILLAGE FOR STUDENTS IN PRE-SCHOOL THROUGH 8TH GRADE AND TO FINANCE COSTS OF ISSUING THE SERIES 2008 BONDS. PART II, COLUMN A, LINE 3: THIS AMOUNT REPRESENTS THE PAR AMOUNT OF THE REISSUED SERIES 2009 BONDS, WHICH WERE DEEMED SPENT ON THE REISSUANCE DATE TO REFUND THE SERIES 2009 BONDS THAT WERE OUTSTANDING ON THAT DATE. SEE NOTE RELATED TO PART I, LINE A, COLUMN (F). PART II, COLUMN A, LINE 11: THIS AMOUNT REPRESENTS THE PAR AMOUNT OF THE REISSUED 2009 BONDS, WHICH WERE DEEMED SPENT ON THE REISSUANCE DATE TO REFUND THE SERIES 2009 BONDS THAT WERE OUTSTANDING ON THAT DATE. SEE NOTE RELATED TO PART I, LINE A, COLUMN (F).