2011-05-13T13:27:32-07:00 2010-06-30 990 2009-07-01 560532314 SAINT MARYS SCHOOL SAIN 9194244125 900 Hillsborough Street Raleigh NC 27603 John Gripman 9194244123 2011-05-13 2009 2016-02-24 21:20:13Z John B Gripman 900 Hillsborough Street Raleigh NC 27603 15708908 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 dedicatd to academic excellence and personal achievement for grades 9 - 12. 30 30 178 363 0 0 2428634 7093006 8212066 8197135 164052 33689 39769 73724 10844521 15397554 1103713 1240853 0 0 294063 5816709 0 46013 748945 11135467 4788940 12533243 11892515 -1688722 3505039 51324811 55589214 19870986 19777835 31453825 35811379 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 6378243 1240853 5518431 Educational activities and related academic support and aid for 277 students. 953072 0 2524894 Saint Mary's provides a boarding program for students and faculty and other auxiliary services to further academic achievement. 0 0 0 7331315 1 1 0 0 0 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 1 0 1 0 0 0 0 0 0 0 0 1 80 0 1 178 1 0 0 0 0 0 1 1 0 0 0 30 30 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 W Trent Ragland III 0 X 0 0 0 William G Taylor 0 X 0 0 0 Kathryn Scott Long 0 X 0 0 0 R Marks Arnold 0 X 0 0 0 Blanche Robertson Bacon 0 X 0 0 0 Theodore D Bratton 0 X 0 0 0 Mary Louise Bizzell Burress 0 X 0 0 0 Elizabeth Stewart Long 0 X 0 0 0 Kathryn Scott Long 0 X 0 0 0 Dabney Johnston Mann 0 X 0 0 0 Lanier Brown May 0 X 0 0 0 Thomas H McGuire Jr 0 X 0 0 0 John F Nash 0 X 0 0 0 William V Nutt Jr 0 X 0 0 0 Louis Oats 0 X 0 0 0 Robert C Paschal 0 X 0 0 0 W Trent Ragland III 0 X 0 0 0 Paul D Reynolds III 0 X 0 0 0 Frances Schultz 0 X 0 0 0 Peter M Scott III 0 X 0 0 0 Penny Gillam Sermons 0 X 0 0 0 Tracey Fodor Smith 0 X 0 0 0 Margery Johnson Springer 0 X 0 0 0 William G Taylor 0 X 0 0 0 Edwin L Walker 0 X 0 0 0 Lauren Jones Worth 0 X 0 0 0 Louise Johnson Clement 0 X 0 0 0 Angelyn Thomas Bridges 0 X 0 0 0 Mary Clara Capel 0 X 0 0 0 Anna DuBose Doughton 0 X 0 0 0 Theo Wilkes Coonrod 40 X 146663 0 95201 John B Gripman 40 X 109328 0 3945 Sylvia Rodriguez 40 X 110548 0 15503 366539 0 114649 3 0 1 0 Brock and Company Inc 257 Great Valley Parkway Malvern PA 19355 Food Service 590029 IBM PO Box 643600 Pittsburgh PA 15264 Leasing Tablets 269227 2 0 0 70000 0 0 7023006 744767 7093006 Tuition & Fees 900099 5518431 5518431 0 0 Housing 900099 1349098 1349098 0 0 Food Service 900099 1017741 1017741 0 0 Gift Shop 900099 52928 50248 0 2680 Sports & Other Camps 900099 105127 105127 0 0 153810 153810 0 0 8197135 111140 0 0 111140 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 170057 0 247508 0 -77451 0 -77451 0 -77451 137570 70000 63846 73724 73724 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 15397554 8268179 0 36369 0 0 1240853 1240853 0 0 0 0 366539 366539 0 4438319 3218450 768024 451845 168916 165208 3708 443011 443011 399924 233845 133321 32758 4998 4998 31283 31283 46013 46013 149187 149187 130462 65561 64901 201958 96732 1980 103246 388186 185202 109019 93965 206144 197302 7042 1800 407609 407609 62229 45108 14279 2842 810335 810335 979840 0 979840 93730 18746 74984 Meals 562693 554428 7635 630 Repairs & Replacements 156522 31304 125218 Program Expenses 343801 326319 5344 12138 Building, Grounds & Maintenance 129817 18556 111261 130146 83081 47065 11892515 7331315 3812255 748945 1420 1420 4920782 6992563 3581573 4170297 122362 105994 1347688 112430 110667 69398 110780 37834625 12491838 25991406 25342787 15580940 15242601 475352 860411 0 469148 1304006 51324811 55589214 1220224 1801293 17455000 16885000 248000 228000 947762 863542 19870986 19777835 X 1438072 2756961 10401860 13415577 19613893 19638841 31453825 35811379 51324811 55589214 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13796801 338802 1125556 90881 114523 149187 14906568 19385244 374452 -4539503 749391 520227 153774 13796801 0.026 0.964 0.01 1 0 0 217476 217476 0 30524334 9402862 21121472 0 0 0 0 0 2734633 1519406 1215227 0 4358182 1569570 2788612 25342787 0 860411 F 860411 Notes Receivable Endowed Loan 252514 Bond Financing Issue Costs 138573 Beneficial Interest in Trust 912919 1304006 0 Annuities 31079 Note Payable to the Endowment 252514 Advances & Deposits 579949 863542 15397554 11892515 3505039 1323973 0 0 0 -471458 852515 4357554 15389155 1323973 0 0 -1240853 83120 15306035 149187 -57668 91519 15397554 10669561 0 0 0 -1240853 -1240853 11910414 149187 -167086 -17899 11892515 SchD_P05_S00_L04 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_L00 Schedule D, Part X Not applicable. SchD_P11_S00_L08 Schedule D, Part XI, Line 8 Unrealized loss on cash flow hedge (-362,040) plus FS reclass between gifts & institutional support (-109,418) SchD_P12_S00_L02d Schedule D, Part XII, Line 2d Student aid SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Auction expense (-63,846) + Misc adj (6,178) SchD_P13_S00_L02d Schedule D, Part XIII, Line 2d Student aid SchD_P13_S00_L04b Schedule D, Part XIII, Line 4b Fundraising Event (Auction): <$63,846>; Reclass entry between gifts and grants and institutional support (impairment of Williams Trust): <$110,001>; Unallocated difference so that net assets will rollforward from 2009 to 2010 - run throrough institutional account: $6,761 1 1 1 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. 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 X X X X X 0 All States Auction 207570 70000 137570 5800 8750 9812 26040 0 13444 0 0 207570 70000 137570 5800 8750 9812 26040 0 13444 63846 73724 1 Scholarship - Merit Based 69 477884 Scholarship - Need Based 66 762969 SchI_P01_S00_L02 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: are 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 the daughters and stepdaughters of all benefited 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 146663 0 0 0 0 0 44324 0 50877 0 241864 0 186906 0 John B Gripman 109328 0 0 0 0 0 0 0 3945 0 113273 0 0 31951 Sylvia Rodriguez 110548 0 0 0 0 0 5818 0 27579 0 143945 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a Head of School is provided a personal residence on campus. Head of School is also provided a cleaning service for her personal residence. 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 0 0 18928988 0 0 0 144846 0 18784142 2008 0 0 1 1 0 0 0 0 0 0 0 0 0 1 1 1 Wells Fargo 15 0 0 1 Louise Mann Clement Daughter of Board of Trustee Member 1500 David Coonrod Spouse of Head of School 651 School Van Driver 0 X 34 744766 FMV 0 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_L11 Form 990, Part VI, Section B, Line 11 Completed form 990 was electronically provided to the Finance Committee of the BOT for their review, and then discussion at their committee meeting on 05/04/11. 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. Last review of compensation of all individuals reported was 2009. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 The School provides its governing documents, conflict of interest policy and financial statements to the public upon request. The list of Board of Trustees is available to the public on the School's web site. SchK_P01_S00_L00f Schedule K, Part I, Column f Purpose of Bonds: providing funds, together with any other available funds to: (a) pay the costs of the (i)acquisition, construction, renovation and equipping of Smedes Hall, including, without limitation, the modernization of dormitory rooms and the addition of a state-of-the art student center, (ii) acquisition and construction of improvements to the Schools' infrastructure, including a new chilled water system, HVAC system and electrical grid, (iii) acquisition, construction and equipping of new townhomes for faculty and living on campus and (iv) construction of a new athletic field.