2011-02-08T12:56:16-06:00 2010-06-30 Templeton & Company LLP 222 Lakeview Avenue Suite 1200 West Palm Beach FL 33401 990 2009-07-01 590942383 ST ANDREW'S SCHOOL OF BOCA RATON INC STAN 5612102032 3900 JOG ROAD BOCA RATON FL 33434 Philip Cork 5612102032 2011-02-08 1 Isabella LunsfordCPA 5617989988 2011-02-08 2009 2016-02-24 21:20:13Z Philip Cork 3900 Jog Road Boca Raton FL 33434 49763610 0 X WWW.SAINTANDREWS.NET X 1962 FL PROVIDE EDUCATION FOR STUDENTS IN GRADES PK THROUGH 12. 23 22 577 15 -27966 -27966 2538230 3196658 30813188 31701674 -871037 236138 377836 590346 32858217 35724816 3170267 3583136 0 19950120 19422818 0 1232443 13074636 12992114 36195023 35998068 -3336806 -273252 64993912 63951673 55743680 55194994 9250232 8756679 Provide education for students in PK through 12. 1 0 18697600 27719410 INSTRUCTION - APPROXIMATELY 1306 STUDENTS FOR GRADES PK-12 INSTRUCTION - SUMMER PROGRAMINSTRUCTION -INTERNATIONAL BACCALAUREATE PROGRAM FOR 11TH AND 12TH GRADERS 2244008 82638 STUDENT ACTIVITIES - SCHOOL PUBLICATIONS, NEWSPAPER, AND YEARBOOK. 3659350 316490 AUXILIARY SERVICES INCLUDING STUDENT CAFETERIA, INFIRMARY AND BOOKSTORE. 5043472 3583136 3583136 Other program services including financial aid (provided to 180 students) and tuition remission (provided to 65 students). 5043472 3583136 3583136 29644430 1 1 0 0 0 0 1 0 0 1 0 1 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 33 1 1 577 1 1 1 0 0 0 0 1 1 0 23 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 0 0 FL X X KATHY VAN VALKENBURG 5612102032 3900 JOG ROAD BOCA RATON FL 33434 Mark J Mariani 3.00 X X 0 0 0 Diane C Bok 3.00 X X 0 0 0 Philip L Nadel 3.00 X X 0 0 0 Michael F Zammiello 3.00 X X 0 0 0 Nadine B Assaf 1.00 X 0 0 0 Mark J Bellissimo 1.00 X 0 0 0 Atul Bisaria 1.00 X 0 0 0 Kevin G Brolley 1.00 X 0 0 0 James M Cantwell 1.00 X 0 0 0 Melody S Creese 1.00 X 0 0 0 John D Hodgeman 1.00 X 0 0 0 Howard A Parker Jr 1.00 X 0 0 0 Gary Peters 1.00 X 0 0 0 David W Roberts 1.00 X 0 0 0 Tandy Stiller Robinson 1.00 X 0 0 0 Stephen H Shelton 1.00 X 0 0 0 Jeffrey A Stoops 1.00 X 0 0 0 Ed Ventrice 1.00 X 0 0 0 Williams S Weprin 1.00 X 0 0 0 Melissa Wight 1.00 X 0 0 0 Dr Ann Marie Krejcarek 60.00 X X 337938 0 38719 Reverend Leopold Frade 1.00 X 0 0 0 Micah A Ferranti 1.00 X 0 0 0 Rev Calvin O Schofield 1.00 X 0 0 0 Kathleen A Assaf 1.00 X 0 0 0 J Murfree Butler 1.00 X 0 0 0 Marilyn Mayer 1.00 X 0 0 0 Edgar Otto 1.00 X 0 0 0 Philip Cork 60.00 X 174871 0 12545 Peter Gallo 60.00 X 181328 0 8091 Kathy Van Valkenburg 50.00 X 121500 0 12110 Elias Bassil 50.00 X 116650 0 8958 Kilian Forgus 50.00 X 131540 0 9250 Duncan Hossack 50.00 X 123200 0 6150 ANN HAYNES 50.00 X 112995 0 7636 1300022 0 103459 13 0 1 0 0 43950 3152708 69265 3196658 TUITION BOARD & FEES 29596808 29596808 SUMMER CAMPS & PROGRAM 1705738 1705738 FACILITY REVENUES 316490 316490 STUDENT PUBLICATIONS 82638 82638 31701674 334170 334170 13058220 13156252 -98032 -98032 -98032 559721 43950 303731 255990 255990 839776 578811 260965 260965 OTHER MISCELLANEOUS 101357 101357 College Pool Rental -27966 -27966 73391 35724816 32063996 -27966 492128 3583136 3583136 1300022 1300022 14345105 12111954 1558457 674694 2760358 2185246 484593 90519 1017333 757590 218861 40882 8648 8648 40970 40970 53249 53249 35015 35015 168001 8926 22002 137073 72094 72094 107207 7955 95633 3619 152761 42816 34636 75309 1460336 1460336 3249968 3061132 164609 24227 23168 23168 FACILITY OPERATION & MA 2742141 2440724 262747 38670 CONTRACTED FOOD SERVICE 1494390 1494390 BAD DEBT 1048356 780692 225535 42129 Repairs and Maintenance 394178 305496 88067 615 Printing and Publicatio 269137 134864 61468 72805 1672495 1173911 466683 31901 35998068 29644430 5121195 1232443 32800 43023 11835625 12885852 2123543 2091510 233324 112700 494735 569829 194368 174346 76184268 29886515 48181284 46297753 1271680 1260839 626553 515821 64993912 63951673 645653 639569 16306350 16410489 34480000 33310000 4311677 4834936 55743680 55194994 X 7276683 5986247 1973549 2770432 9250232 8756679 64993912 63951673 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X 0 4958242 4958242 54864893 18015975 36848918 6178388 5388990 789398 10182745 6481550 3701195 46297753 FINANCIAL DERIVATIVE - INTEREST RATE SWAP 4834936 4834936 35724816 35998068 -273252 1223499 14938 -1458738 -220301 -493553 33952562 1223499 14938 625694 1864131 32088431 53249 3583136 3636385 35724816 32987377 625694 625694 32361683 53249 3583136 3636385 35998068 Part III, Line 4: The School maintains Mayan pottery and paintings to assist in the education of the topic to the student body and to preserve for the use of future students. Part X: Description of Uncertain Tax Positions Under FIN 48: Saint Andrews and the Fund have been recognized by the Internal Revenue Service as organizations exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code (IRC). Accordingly, no provision for income taxes has been recorded in the consolidated financial statements. Saint Andrews and the Fund are required to operate in conformity with the provisions of the IRC to maintain their exempt status. The School adopted the provisions of FASB ASC 740-10-25 (formerly FASB Interpretation No. 48 Accounting for Uncertainty in Income Taxes (FIN 48)). Under FIN 48, an organization must recognize the tax benefit associated with tax taken for tax return purposes when it is more likely than not the position will be sustained. The implementation of FIN 48 had no impact on the Schools financial statements. The School does not believe there are any uncertain tax positions and, accordingly, it will not recognize any liability for unrecognized tax benefits. No interest or penalties were accrued as of July 1, 2009, as a result of the adoption of FIN 48. For the year ended June 30, 2010, there were no interest or penalties recorded or included in the Schools consolidated financial statements. Part XI, Line 8 - Other Adjustments: UNREALIZED LOSS ON CASH FLOW HEDGE: -1458738. Part XII, Line 2d - Other Adjustments: Rental Expense: 46883. Cost of Goods Sold: 578811. Part XII, Line 4b - Other Adjustments: SCHOLARSHIPS PAID: 3583136. Part XIII, Line 2d - Other Adjustments: COST OF GOODS SOLD: 578811. Rental Expense: 46883. Part XIII, Line 4b - Other Adjustments: SCHOLARSHIPS PAID: 3583136. 1 1 1 ADVERTISEMENTS ARE PLACED IN THREE NEWSPAPERS SERVING AREAS FROM WHICH STUDENTS ARE RECRUITED. COPIES OF ADVERTISEMENTS ARE ON FILE IN ACCORDANCE WITH REVENUE PROCEDURES 75-70, SECTION 7. 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 Auction 345147 43950 301197 79039 Sally Foster 61522 61522 30207 9 197002 197002 194485 603671 43950 559721 303731 303731 255990 1 Financial Aid/Tuition Remission 245 0 3583136 Cost of Attendance Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: Financial aid is awarded based on financial need. Financial need is determined from a completed financial aid application submitted by the family requesting aid. The School's Financial Aid Committee uses a third-party service to help to objectively determine a family's ability to pay for school tuition and other educational expenses, based on a Parents' Financial Statement and any additional supporting documentation from the family as may be needed. X 1 1 X X X 0 0 0 0 0 0 0 0 0 Dr Ann Marie Krejcarek 287125 0 45000 0 5813 0 38719 0 0 0 376657 0 0 0 Philip Cork 174457 0 0 0 414 0 10545 0 2000 0 187416 0 0 0 Peter Gallo 159450 0 0 0 21878 0 8091 0 0 0 189419 0 0 0 Part I, Line 1a Certain Key Employees and Highly Compensated Employees receive a housing allowance or residence for personal use for the benefit of the school. Palm Beach County Florida 596000785 696547EX2 2007-06-14 36000000 See Schedule O 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 Bank of America 31.300000000000 0 0 0 X 6630 Fair Market Value X 3 69265 Fair Market Value X 4 IBM Laptops 1 5468 Fair Market Value X Cannon Camcorder 1 2840 Fair Market Value 0 1 0 Form 990, Part III, line 2 New Program Services International Baccalaureate Program which is an academically challenging and balanced program of education with final examinations that prepares students, normally aged 16 to 19, for the university level and life beyond. The program is normally taught over two years, in the junior and seniors years of High School. Form 990, Part VI, Section B, line 11 All voting board members were provided a copy of Form 990 for review prior to filing. A copy of Form 990 is also provided to the School's Audit Committee for review prior to filing. Form 990, Part VI, Section B, line 12c School has a written conflict of interest policy, which requires the Board of Trustees, officers and managers to review annually the requirements for this policy. The Board, officers and managers acknowledge annually in writing their commitment to following this policy. Determination of whether a conflict exists is made by the Executive Committee of the Board of Trustees, or if appealed by the full Board of Trustees. Trustees, officers and managers found to have a conflict of interest are prohibited from deliberations or decisions on the transaction. Disclosure or acknowledgement of a conflict of interest is noted in the minutes of the Board of Trustees. Form 990, Part VI, Section B, line 15a Headmaster's compensation approved annually by Board of Trustees. Chair of the Board of Trustees makes recommendation to Board of Trustees, using comparable compensation data for similarly qualified persons in similar headmaster positions in similarly situated independent schools. This process was last completed in 2009. Form 990, Part VI, Section C, line 19 Upon written request. Form 990, Schedule K, Part I, Line (A), Column (a). Description of Purpose of the Bond The bonds were financed for the acquisition of land, construction and equipping of an additional lower school building and improvements on the related tract of land and to retire the Schools outstanding Variable Rate Demand Revenue Refunding Bonds Series 2003. Form 990, Page 6, Part VI, Section B, Line 14 Written Document Retention Policy Saint Andrew's School of Boca Raton has established a written document retention and destruction policy for both the school and the endowment. The policy will become effective in May 2011. Form 990, Page 11, Part X, Line 19 and Line 25 Changes to Prior Period Balance Sheet The prior period balance sheet has been adjusted in order to more accurately reflect the liabilities of Saint Andrews School. We have moved deferred revenue from other liabilities(Line 19) to the (line 25) which is the deferred revenue line. Form 990, Schedule K, Part IV, Line E Form 8038-T Exemption Saint Andrews School, Inc. had an exemption from arbitrage expiring this fiscal year, therefore there has been no requirement to file Form 8038-T. They will be required to file in the next fiscal year. Saint Andrew's School Endowment Fund Inc 3900 Jog Road Boca Raton FL 33434 591622670 To hold and invest certain contributions and transfer earnings FL 501(C)(3) 509(a)(3) Type 1 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0