2012-11-14T14:00:17-06:00 2012-06-30 420714325 MCGLADREY LLP 80 CITY SQUARE BOSTON MA 021293742 990 2011-07-01 020222227 ST PAUL'S SCHOOL STPA 6032294737 325 PLEASANT STREET CONCORD NH 03301 MICHELLE L CHICOINE 6032294737 2012-11-13 1 6179129000 2011 2016-02-24 21:20:13Z MICHAEL G HIRSCHFELD 325 PLEASANT STREET CONCORD NH 03301 290350862 0 X WWW.SPS.EDU X 1856 NH ST. PAUL'S SCHOOL IS A COEDUCATIONAL FULLY RESIDENTIAL SCHOOL. (SEE SCHEDULE O)ST. PAUL'S SCHOOL IS A COEDUCATIONAL FULLY RESIDENTIAL SCHOOL FOR GRADES 9 THROUGH 12, FOUNDED IN 1856 AS A PLACE FOR HUMANE BUT RIGOROUS EDUCATION WITHIN A SETTING OF GREAT NATURAL BEAUTY. THE SCHOOL IS LOCATED IN CONCORD, NH, ON A BUCOLIC CAMPUS CONSISTING OF WOODLAND, FIELDS, AND PONDS AND IS HOME TO APPROXIMATELY 539 STUDENTS AND 106 FACULTY MEMBERS. 28 27 505 0 994967 931936 19467906 11739844 25707230 26783731 14739457 9052506 723122 722748 60637715 48298829 7701504 7972319 0 0 23115060 24178206 0 0 3425511 18469393 18342995 49285957 50493520 11351758 -2194691 685329688 668197898 76107323 78488762 609222365 589709136 X BELIEVING THAT EDUCATION IS LIFELONG AND CONTINUES BEYOND THE CLASSROOM, ST. PAUL'S SCHOOL INVITES A DIVERSE GROUP OF APPROXIMATELY 539 STUDENTS AND 300 FACULTY AND STAFF MEMBERS TO CREATE AN EXTENDED FAMILY WHICH RESPECTS (SEE SCHEDULE O FOR CONTINUATION) AND NURTURES INDIVIDUAL TALENT, PERSONAL FREEDOM, AND RESPONSIBILITY, INTELLECTUAL CURIOSITY AND PUBLIC SERVICE. STUDENTS ARE ENCOURAGED TO SEEK THE HIGHEST STANDARDS OF SCHOLASTIC, ARTISTIC AND PHYSICAL ACHIEVEMENT THROUGH AN INTEGRATED CURRICULUM. 0 0 43496566 7741049 25890302 ST. PAUL'S SCHOOL'S PRIMARY PROGRAM SERVICE IS THE EDUCATION OF STUDENTS IN GRADES 9 THROUGH 12, IN A COEDUCATIONAL FULLY RESIDENTIAL SCHOOL ENVIRONMENT. ENROLLMENT FOR 2011-2012 WAS 539. THE SCHOOL STRIVES TO BE AN INCLUSIVE, EQUITABLE, AND RICHLY DIVERSE COMMUNITY, ONE THAT IS COMMITTED TO ENSURING EQUAL ACCESS TO OPPORTUNITIES, AS WELL AS PROMOTING INDIVIDUAL GROWTH THROUGH LEARNING ABOUT THE SELF AND THE PERSPECTIVES AND EXPERIENCE OF OTHERS. THE CONCENTRATED ACADEMIC WORK DONE IN COLLABORATION BY THE STUDENTS AND FACULTY AT ST. PAUL'S SCHOOL IS THE HALLMARK OF OUR ACADEMIC PROGRAM. THROUGH THE SCHOOL'S RIGOROUS ACADEMIC STANDARDS, WE ENCOURAGE OUR MOTIVATED STUDENTS TO ATTAIN THE HIGHEST LEVELS OF SCHOLARSHIP AND INTELLECTUAL GROWTH AND DEVELOPMENT. 905580 231270 929342 ST. PAUL'S SCHOOL FOUNDED THE ADVANCED STUDIES PROGRAM (ASP) IN 1958 TO PROVIDE TALENTED NEW HAMPSHIRE PUBLIC AND PAROCHIAL HIGH SCHOOL RISING SENIORS WITH CHALLENGING EDUCATIONAL OPPORTUNITIES OTHERWISE UNAVAILABLE TO THEM. EACH SUMMER, APPROXIMATELY 270 YOUNG MEN AND WOMEN LIVE ON THE ST. PAUL'S SCHOOL CAMPUS FOR FIVE AND A HALF WEEKS. STUDENTS ARE IMMERSED IN A COLLEGE-LEVEL CURRICULUM AND CHALLENGED TO DISCOVER NEW WAYS OF LEARNING. ASP OFFERS A WIDE VARIETY OF COURSES FROM SHAKESPEARE TO ASTRONOMY, WHICH THOROUGHLY EXPLORE TOPICS IN SEVERAL DISCIPLINES. IN THEIR TIME AT ASP, STUDENTS BECOME IMMERSED IN THEIR SUBJECT OF CHOICE, SETTING THEM UP FOR A LIFELONG UNDERSTANDING OF THE MATERIAL. (SEE SCHEDULE O FOR CONTINUATION) ADDITIONALLY, ALL ASP STUDENTS HAVE AN OPPORTUNITY TO ENHANCE THEIR WRITING SKILLS THROUGH COMPULSORY INTERACTIVE WRITING WORKSHOPS. 44402146 1 1 0 1 0 1 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 1 1 0 0 0 1 1 1 1 0 0 1 X 240 0 1 505 1 1 0 0 0 0 0 0 0 0 0 0 X 28 27 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NH X X DEBORAH J BRANN CONTROLLER 6032294737 325 PLEASANT STREET CONCORD NH 03301 DR LAUREL D ABBRUZZESE 3.00 X 0 0 0 LAURA HILDESLEY BARTSCH 3.00 X 0 0 0 EMILY L BOGLE 3.00 X 0 0 0 CANDACE E BROWNING-PLATT 3.00 X 0 0 0 REV PETER G CHENEY 3.00 X 0 0 0 HYUN-JOON CHO 3.00 X 0 0 0 JAMES A DIAMOND 3.00 X 0 0 0 MARK D EICHORN 3.00 X 0 0 0 SCOTT G FOSSEL 3.00 X 0 0 0 JAMES M FRATES 3.00 X 0 0 0 SABRINA WING-YEE FUNG 3.00 X 0 0 0 CHRISTOPHER D HEINZ 3.00 X 0 0 0 JAMES DEK HOUGHTON 3.00 X 0 0 0 WILLIAM J BENNINGTON 3.00 X 0 0 0 JOHN A LECHNER 3.00 X 0 0 0 ROBERT D LINDSAY 3.00 X X 0 0 0 P ANDREWS MCLANE 3.00 X 0 0 0 SARAH BANKSON NEWTON 3.00 X 0 0 0 DR OLUFUNMILAYO I OLOPADE 3.00 X 0 0 0 HILARY BEDFORD PARKHURST 3.00 X 0 0 0 DOUGLAS SCHLOSS 3.00 X X 0 0 0 ROBERT B STOCKMAN 3.00 X 0 0 0 JAMES M WATERBURY JR 3.00 X X 0 0 0 REEVE B WAUD 3.00 X 0 0 0 VICTOR C YOUNG 3.00 X 0 0 0 PHILIP L LAIRD 3.00 X 0 0 0 VICTOR M LOPEZ-BALBOA 3.00 X 0 0 0 MICHAEL G HIRSCHFELD 60.00 X X 247735 0 129160 MICHELLE L CHICOINE 50.00 X 238812 0 62755 WILLIAM L KISSICK 50.00 X 166061 0 123998 DR JOHN C BASSI 50.00 X 163970 0 53698 WILLIAM F MITCHELL 50.00 X 131012 0 40012 THOMAS P BAZOS 50.00 X 128231 0 45494 DEBORAH J BRANN 50.00 X 124491 0 37606 ROBERT A BARR 50.00 X 115594 0 22423 WILLIAM R MATTHEWS JR 60.00 X 715743 0 91011 2031649 0 606157 16 1 1 0 KALLMANN MCKINNELL & WOOD ARCHITECTS IN 181 NEWBURY STREET BOSTON MA 02116 ARCHITECT 751523 CAMBRIDGE ASSOCIATES LLC 100 SUMMER ST BOSTON MA 021102112 INVESTMENT CONSULTANT 261317 CHA INC 3 WINNERS CIRCLE ALBANY NY 12205 DESIGN ENGINEER 182837 BANK OF NEW YORKMELLON 135 SANTILLI HIGHWAY EVERETT MA 02149 INVESTMENT CUSTODIAN 116202 4 11739844 2261345 11739844 TUITION & FEES 611710 26783731 26783731 26783731 1979658 1979658 11800 0 11800 11800 11800 248940753 33001 239832364 2068542 9108389 -2035541 7072848 994967 6077881 187991 151127 36864 36864 CHILDREN'S LEARNING CT 624410 638171 638171 MISCELLANEOUS REVENUE 900099 35913 35913 674084 48298829 26819644 994967 8744374 7972319 7972319 879950 374627 202787 302536 16977577 14393977 805088 1778512 2011639 1707607 110557 193475 3044611 2566333 172688 305590 1264429 1075789 68596 120044 119802 119802 97734 97734 395822 395822 71466 52854 18612 231538 190394 8044 33100 430152 240673 36956 152523 521485 489595 12954 18936 4036285 4011809 11896 12580 593607 379497 19133 194977 48551 35668 10045 2838 1772453 1701555 35449 35449 5738398 5508346 115026 115026 623178 330110 285734 7334 SUPPLIES FOR PROGRAMS 1552745 1552745 EDU SUPPORT FOR PROGRAM 1270905 1270905 ENTERTAINMENT/SPEC EVNT 619040 452588 45194 121258 DUES AND MEMBERSHIPS 167416 147609 7086 12721 52418 52418 50493520 44402146 2665863 3425511 7009497 2654186 11597234 31331307 26677070 726125 302972 126824 84542 178134 207545 1357902 1425464 243381091 58821082 172011118 184560009 50806275 46864728 397537574 393419871 12647698 12001511 685329688 668197898 8852336 5557493 55087639 54931351 12167348 17999918 76107323 78488762 X 214790385 242683971 263764993 213734538 130666987 133290627 609222365 589709136 685329688 668197898 X -2194691 -17318538 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 13811 13811 0 EXPLANATION OF LOBBYING ACTIVITIES: PART II-B, LINE 1: ST. PAUL'S SCHOOL IS A MEMBER OF A NUMBER OF ASSOCIATIONS SUCH AS THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS, COUNCIL OF ADVANCEMENT AND SUPPORT OF EDUCATION AND THE NATIONAL ASSOCIATION OF COLLEGE & UNIVERSITY FOOD SERVICES, WHICH MAY USE A PORTION OF MEMBERSHIP DUES TO LOBBY ON BEHALF OF ITS MEMBERS. ST. PAUL'S SCHOOL ALSO PAID RATH, YOUNG AND PIGNATELLI FOR LEGAL SERVICES REGARDING LEGISLATIVE ISSUES AS PART OF A GROUP OF NEW HAMPSHIRE INDEPENDENT SCHOOLS. TOTAL DUES AND FEES PAID TO THESE TYPES OF ORGANIZATIONS IN FISCAL YEAR 2012 WAS $13,811. THE PORTION OF DUES AND FEES ALLOCATED TO LOBBYING ACTIVITIES IS NOT DETERMINABLE. 1 0 269341 4883805 0 0 440968798 10001733 -102251 3421917 14125000 391020 432930343 381381552 14074366 62509390 3242650 13370365 383495 440968798 346020647 6547171 45986761 2919625 13853902 399500 381381552 441911853 11023280 -87906057 2646161 15999213 363055 346020647 0.28000 0.72000 1 0 4697490 4697490 208029192 43087149 164942043 22130831 12861080 9269751 8523578 2872853 5650725 184560009 US EQUITY 28477099 F INTERNATIONAL EQUITY 91250393 F MARKETABLE ALTERNATIVES 152639014 F NON-MARKETABLE ALTERNATIVES 65605343 F INFLATION HEDGING 55448022 F 393419871 ADVANCE DEPOSITS 2174584 LIABILITIES UNDER SPLIT INTEREST AGREEMENTS 4945389 INTEREST RATE SWAP AGREEMENT 10879945 17999918 48298829 50493520 -2194691 -10730046 -6588492 -17318538 -19513229 45714278 -10730046 8632538 -2097508 47811786 487044 487044 48298830 65227507 23740299 23740299 41487208 395822 8610490 9006312 50493520 PART I, LINE 5 & 6: THE SCHOOL HAS NO DONOR ADVISED FUNDS. PART V, LINE 4: THE SCHOOL'S ENDOWMENT FUNDS ARE USED IN PERPETUITY TO FUND THE SPS PROGRAMS. THE PRINCIPAL IS INVESTED FOR LONG-TERM GROWTH TO PRESERVE THE BUYING POWER OF THE ENDOWMENT FOR USE BY PRESENT AND FUTURE GENERATIONS OF STUDENTS. FOR PART X, LINE 2: THE SCHOOL FOLLOWS FASB ASC 740, INCOME TAXES, REGARDING ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES BY PRESCRIBING THE RECOGNITION THRESHOLD A TAX POSITION IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. IT ALSO PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE, AND TRANSITION. MANAGEMENT BELIEVES THAT THE SCHOOL HAS NO MATERIAL UNCERTAINTIES IN INCOME TAXES. THE SCHOOL IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE, OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2009. PART XI, LINE 8 - OTHER ADJUSTMENTS: UNREALIZED LOSS ON INTEREST RATE SWAP: -6,042,255 ACTUARIAL ADJUSTMENT: -546,238 TOTAL: -$6,588,493 PART XII, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID: -7,972,319 SPENDING POLICY: 17,546,917 ACTUARIAL ADJUSTMENT: -546,238 INVESTMENT FEES: -395,822 TOTAL: $8,632,538 PART XII, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD: -151,127 CHILDREN'S LEARNING CENTER REVENUE: 638,171 TOTAL: $487,044 PART XIII, LINE 2D - OTHER ADJUSTMENTS: SPENDING POLICY: 17,546,917 COST OF GOODS SOLD: 151,127 UNREALIZED LOSS ON INTEREST RATE SWAP: 6,042,255 TOTAL: $23,740,299 PART XIII, LINE 4B - OTHER ADJUSTMENTS: CHILDREN'S LEARNING CENTER EXPENSES: 638,171 FINANCIAL AID: 7,972,319 TOTAL: $8,610,490 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 OUR POLICY IS PUBLISHED ANNUALLY IN A REGIONAL NEWSPAPER, INCLUDED IN ALL PROSPECTIVE STUDENT LITERATURE AND DISTRIBUTED TO STUDENTS IN OUR STUDENT HANDBOOK. THE POLICY IS ALSO NOTED ON OUR WEBSITE, AND IS INCLUDED WITH ALL EMPLOYMENT ADVERTISEMENTS INCLUDED IN NEWSPAPERS OR OTHER PUBLICATIONS. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 MONIES RECEIVED ARE FROM VARIOUS FEDERAL OR STATE FOOD SUBSIDY PROGRAMS. EAST ASIA AND THE PACIFIC FUNDRAISING N/A 48754 EUROPE FUNDRAISING N/A 2040 CENTRAL AMERICA & THE CARIBBEAN PROGRAM SERVICES PROGRAM SERVICES (SEE PART V) 28598 EAST ASIA AND THE PACIFIC PROGRAM SERVICES PROGRAM SERVICES (SEE PART V) 21241 EUROPE PROGRAM SERVICES PROGRAM SERVICES (SEE PART V) 53307 MIDDLE EAST AND NORTH AFRICA PROGRAM SERVICES PROGRAM SERVICES (SEE PART V) 671 CENTRAL AMERICA & THE CARIBBEAN INVESTMENTS N/A 194890393 EUROPE INVESTMENTS N/A 14375959 NORTH AMERICA PROGRAM SERVICES PROGRAM SERVICES (SEE PART V) 594 SOUTH AMERICA PROGRAM SERVICES PROGRAM SERVICES (SEE PART V) 3745 SUB-SAHARAN AFRICA PROGRAM SERVICES PROGRAM SERVICES (SEE PART V) 25884 0 0 0 0 0 0 209420963 30223 209451186 1 0 0 1 1 0 PART I, LINE 3, COLUMN (E): REGIONS: CENTRAL AMERICA AND THE CARIBBEAN, EAST ASIA AND THE PACIFIC, EUROPE, NORTH AFRICA, NORTH AMERICA, SOUTH AMERICA AND SUB-SAHARAN AFRICA. (E) SPECIFIC TYPES OF SERVICES IN REGION: PROGRAM SERVICE ACTIVITIES INCLUDE ADMISSIONS TRAVEL, FACULTY PROFESSIONAL DEVELOPMENT, AND OFF-CAMPUS PROGRAM STUDENT TRIPS. 1 FINANCIAL AID ASSISTANCE TO ATTEND ST. PAUL'S SCHOOL 194 7972319 FAIR MARKET VALUE FINANCIAL AID ASSISTANCE AWARDED TO ATTEND ST. PAUL'S SCHOOL PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: ANY STUDENT OR APPLICANT REQUESTING FINANCIAL AID FROM ST. PAUL'S SCHOOL MUST COMPLETE THE PERSONAL FINANCIAL STATEMENT (PFS) OFFERED BY THE SCHOOL AND STUDENT SERVICES - NAIS, AS WELL AS PROVIDE COPIES OF RECENT TAX INFORMATION BY A SPECIFIED DEADLINE. THE SCHOOL'S DIRECTOR OF FINANCIAL AID EVALUATES ALL APPLICATIONS USING THE PFS FORMULA AND DETERMINES THE FINANCIAL NEED OF EACH APPLICANT. STUDENTS THAT ARE DETERMINED TO HAVE FINANCIAL NEEDS ARE AWARDED GRANT FUNDS TO MEET 100% OF THEIR DETERMINED NEED. X X 1 1 X X X X X 0 1 0 0 0 0 0 0 1 1 MICHAEL G HIRSCHFELD 247607 0 0 0 128 0 38073 0 91087 0 376895 0 0 0 MICHELLE L CHICOINE 238457 0 0 0 355 0 29852 0 32903 0 301567 0 0 0 WILLIAM L KISSICK 165328 0 0 0 733 0 22440 0 101558 0 290059 0 0 0 DR JOHN C BASSI 162060 0 0 0 1910 0 20619 0 33079 0 217668 0 0 0 WILLIAM F MITCHELL 130466 0 0 0 546 0 16977 0 23035 0 171024 0 0 0 THOMAS P BAZOS 120334 0 0 0 7897 0 15092 0 30402 0 173725 0 0 0 DEBORAH J BRANN 124043 0 0 0 448 0 17100 0 20506 0 162097 0 0 0 WILLIAM R MATTHEWS JR 289194 0 0 0 426549 0 70040 0 20971 0 806754 0 413872 0 PART I, LINE 1A TRAVEL FOR COMPANIONS - NONTAXABLE TRAVEL EXPENSES UNDER THE ACCOUNTABLE PLAN INCURRED FOR BONA FIDE BUSINESS PURPOSES ON BEHALF OF A FAMILY MEMBER OF MICHAEL G. HIRSCHFELD WERE PAID BY THE SCHOOL. HOUSING ALLOWANCE - ST. PAUL'S SCHOOL IS A COEDUCATIONAL FULLY RESIDENTIAL SCHOOL. AS A REQUIREMENT OF EMPLOYMENT, ALL FACULTY MEMBERS MUST LIVE ON CAMPUS AND ARE PROVIDED NONTAXABLE HOUSING BY THE SCHOOL. LISTED EMPLOYEES WHO RECEIVED SCHOOL HOUSING ARE AS FOLLOWS: - MS. MICHELLE L. CHICOINE - $28,800 - MR. MICHAEL G. HIRSCHFELD - $28,800 - DR. JOHN C. BASSI - $28,800 - MR. THOMAS P. BAZOS - $28,800 PART I, LINE 4B FORMER RECTOR MR. WILLIAM R. MATTHEWS PARTICIPATED IN THE SCHOOL'S NONQUALIFIED RETIREMENT PLAN AS DESCRIBED IN IRC SECTION 457(F). MR. MATTHEWS' DEFERRED COMPENSATION PLAN VESTED AS OF JUNE 30, 2011. FOR EACH FISCAL YEAR OF THE SCHOOL DURING THE TERM OF THE AGREEMENT, THE SCHOOL CREDITED A FIXED AMOUNT TO THE UNFUNDED DEFERRED COMPENSATION ACCOUNT. THE ENTIRE BALANCE OF THE DEFERRED COMPENSATION ACCOUNT IN THE AMOUNT OF $360,451 WAS PAID IN A LUMP SUM TO MR. MATTHEWS WITHIN 30 DAYS AFTER THE VESTING DATE. THIS AMOUNT IS REFLECTED IN SCHEDULE J, PART II, COLUMNS B (III) AND F AS IT WAS REPORTED ON PRIOR FORMS 990. IN ADDITION, THE SCHOOL HAS ACCRUED $40,000 PURSUANT TO THIS ARRANGEMENT FOR MR. MATTHEWS AS OF JUNE 30, 2012. THIS BALANCE WAS PAID OUT TO MR. MATTHEWS IN JULY 2012 AND WAS INCLUDED IN SCHEDULE J, PART II, COLUMN C. THIS NONQUALIFIED RETIREMENT PLAN WAS TERMINATED WITH THIS FINAL PAYMENT. PART I, LINE 8 MR. HIRSCHFELD'S EMPLOYMENT CONTRACT CONTAINS A FIXED SALARY PAYMENT WHICH WOULD BE SUBJECT TO THE INITIAL CONTRACT EXCEPTION. MR. HIRSCHFELD WAS NOT A DISQUALIFIED PERSON PRIOR TO ENTERING THE CONTRACT AS THE NEW RECTOR. NHHEFA REVENUE BONDS ST PAUL'S SCHOOL 020279866 644614G45 2010-09-30 15217879 SEE PART VI 0 0 0 15217879 213618 15004261 2012 0 0 1 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 1 NATIXIS FUNDING CORP 1.166666700000 1 0 1 SCHEDULE K, PART I, COLUMN (F): DESCRIPTION OF PURPOSE: CONSTRUCTION AND/OR RENOVATION OF SCHOOL FACILITIES. SEE PART V UNITED EDUCATORS SEE PART V 220102 SEE PART V 0 SCH L, PART III, GRANTS OR ASSISTANCE BENEFITTING INTERESTED PERSONS: (C) AMOUNT OF GRANT $38,090(C) TYPE OF ASSISTANCE: NEED BASED SCHOLARSHIPPART IV, LINE 1, COLUMN A-NAMES OF INTERESTED PERSON: UNITED EDUCATORS COLUMN B-RELATIONSHIP BETWEEN INTERESTED PERSON AND THE ORGANIZATION: OFFICER, MICHELLE L. CHICOINE, SERVES AS A DIRECTOR COLUMN D-DESCRIPTION OF TRANSACTION: INSURANCE PREMIUMS PAID BY ORGANIZATION X 125 2252627 MARKET VALUE X ATHELTIC EQ. 1 2500 MARKET VALUE X HOSPITALITY 2 6218 MARKET VALUE 0 1 1 METHOD FOR DETERMINING NUMBER OF CONTRIBUTORS: PART I, COLUMN (B): THE SCHOOL IS REPORTING THE NUMBER OF CONTRIBUTIONS FOR THE ATHLETIC EQUIPMENT AND HOSPITALITY NON-CASH CONTRIBUTIONS. FOR CONTRIBUTIONS OF SECURITIES, THE NUMBER OF CONTRIBUTIONS IS BASED ON THE NUMBER OF GIFTS RECEIVED. THIRD PARTY USE: PART I, LINE 32B: ALL STOCK GIFTS ARE RECEIVED, PROCESSED AND SOLD BY THE SCHOOL'S CUSTODIAN BANK. EXPLANATION FOR NOT FILING FORM 990-T FORM 990, PART V, LINE 3B ST. PAUL'S HAS FILED FORM 8868, APPLICATION FOR EXTENSION OF TIME TO FILE AN EXEMPT ORGANIZATION RETURN, TO REQUEST AN EXTENSION FOR FORM 990-T FOR THE TAX YEAR ENDING JUNE 30, 2012. FORM 990, PART VI, SECTION A, LINE 6 THE SCHOOL'S GOVERNING BODY CONSISTED OF TRUSTEES WHO HAVE THE RIGHT TO PARTICIPATE IN THE SCHOOL'S GOVERNANCE. ALL TRUSTEES HAVE THE SAME VOTING RIGHTS. THE FULL BOARD OF TRUSTEES MUST VOTE ON THE REMOVAL OF TRUSTEES OR THE HIRING OR FIRING OF THE RECTOR OR DISSOLUTION OF THE SCHOOL. THE FULL BOARD APPROVES SIGNIFICANT DECISIONS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7A CERTAIN DESIGNEES OF THE ALUMNI AND PARENTS ASSOCIATIONS SERVE AS MEMBERS OF THE BOARD OF TRUSTEES OF ST. PAUL'S SCHOOL AND HAVE THE SAME AUTHORITY AS OTHER ELECTED MEMBERS. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 WAS PREPARED BY THE SCHOOL'S CONTROLLER AND REVIEWED BY THE CHIEF FINANCIAL OFFICER AS WELL AS THE SCHOOL'S OUTSIDE TAX FIRM PRIOR TO BEING PRESENTED TO THE AUDIT COMMITTEE. AN AUDIT COMMITTEE MEETING WAS HELD, PRIOR TO THE FILING OF THE FORM 990. AT THIS TIME, THE FORM 990 WAS REVIEWED IN DETAIL AND APPROVED FOR SUBMISSION TO THE INTERNAL REVENUE SERVICE. PRIOR TO THE FINAL FORM BEING ELECTRONICALLY SUBMITTED TO THE INTERNAL REVENUE SERVICE A COPY WAS PROVIDED TO ALL THE MEMBERS OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C ST. PAUL'S SCHOOL MAINTAINS A WRITTEN CONFLICT OF INTEREST POLICY THAT IS INCLUDED IN THE SCHOOL'S POLICIES AND PROCEDURES MANUAL WHICH IS UPDATED AND DISSEMINATED TO ALL EMPLOYEES AND TRUSTEES ANNUALLY AND IS INCLUDED ON THE SCHOOL'S INTRANET. AT THE START OF EACH FISCAL YEAR, THE CHIEF FINANCIAL OFFICER OF THE SCHOOL REQUIRES THAT EACH TRUSTEE, OFFICER, AND KEY EMPLOYEE COMPLETES A CONFLICT OF INTEREST DISCLOSURE FORM. ANY CONFLICTS IDENTIFIED BY THE CONFLICT OF INTEREST DISCLOSURE FORM ARE SUMMARIZED IN A REPORT TO THE PRESIDENT OF THE BOARD OF TRUSTEES AND THE CHAIR OF THE TRUSTEES & GOVERNANCE COMMITTEE. THE BOARD OF TRUSTEES IS NOTIFIED OF ANY CONFLICTS AND ACTION, IF NECESSARY, IS TAKEN BY THE TRUSTEES. AT THE CONCLUSION OF THE FISCAL YEAR, PRIOR TO THE SUBMISSION OF THE FORM 990, A GOVERNING BODY MEMBER ANNUAL QUESTIONNAIRE IS PROVIDED TO EACH TRUSTEE, OFFICER AND/OR KEY EMPLOYEE. THIS QUESTIONNAIRE REQUIRES THE DISCLOSURE OF ANY CONFLICTS OF INTEREST THAT MAY HAVE EXISTED DURING THE PRIOR FISCAL YEAR. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE, CONSISTING SOLELY OF OUTSIDE DIRECTORS, IS RESPONSIBLE FOR ADMINISTERING THE COMPENSATION OF THE RECTOR AND ANY OTHER OFFICERS AND KEY EMPLOYEES. THE COMMITTEE MEETS APPROXIMATELY THREE TIMES A YEAR TO: 1. SET GOALS FOR THE RECTOR. 2. DETERMINE WHAT, IF ANY, OUTSIDE RESOURCES ARE NECESSARY TO SET APPROPRIATE COMPENSATION IN THAT YEAR. 3. HIRE ANY NECESSARY OUTSIDE CONSULTANTS. 4. REVIEW AND SET COMPENSATION BY A REVIEW OF COMPARABLE OUTSIDE DATA INCLUDING 990 AND PEER SCHOOL INFORMATION. 5. REVIEW THE RECTOR'S PERFORMANCE. 6. AMEND, IF NECESSARY, THE RECTOR'S EMPLOYMENT CONTRACT. 7. SET COMPENSATION FOR RECTOR, OTHER OFFICERS AND KEY EMPLOYEES. 8. REVIEW AND APPROVE THE MINUTES OF THE PREVIOUS COMPENSATION COMMITTEE MEETING. THE COMPENSATION COMMITTEE REPORTS ON ITS MEETINGS TO THE FULL BOARD OF TRUSTEES AND THE ACTIONS OF THE COMPENSATION COMMITTEE ARE RATIFIED AT THE NEXT MEETING OF THE FULL BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 ST. PAUL'S SCHOOL MAKES AVAILABLE TO THE PUBLIC VIA ITS WEBSITE THE FOLLOWING GOVERNING DOCUMENTS: - BY-LAWS - INTERNAL REVENUE SERVICE TAX DETERMINATION LETTER - FILED FORM 990 FOR THE THREE MOST RECENT FISCAL YEARS - BOARD OF TRUSTEE COMMITTEE CHARTERS IN ADDITION, ST. PAUL'S SCHOOL MAKES THE AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE SCHOOL COMMUNITY (EMPLOYEES, PARENTS AND ALUMNI) VIA OUR SECURED PASSWORD PROTECTED WEBSITE. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -10,730,046. UNREALIZED LOSS ON INTEREST RATE SWAP -6,042,254. ACTUARIAL ADJUSTMENT -546,238. TOTAL TO FORM 990, PART XI, LINE 5: -17,318,538. FORM 990, PART VII, COLUMN B: MR. WILLIAM MATTHEWS' HOURS REFLECT HIS TIME SPENT AS A FORMER RECTOR TO THE SCHOOL. ST PAUL'S SCHOOL - E BURKE ROSS JR NEW JERSEY FINANCIAL AID FUND LLC 172 SOUTH OCEAN BLVD PALM BEACH FL 33480 161673430 FINANCIAL AID FUND NJ 363924 4883805 N/A CHARITABLE REMAINDER TRUST (6) CHARITABLE TRUST NH N/A T POOLED INCOME FUND (1) CHARITABLE TRUST NH N/A T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 POOLED INCOME FUND (1) R 69357 FAIR VALUE CHARITABLE REMAINDER TRUST (1) R 84395 FAIR VALUE