2011-11-15T11:06:11-06:00 2011-06-30 CHERRY BEKAERT & HOLLAND LLP 200 SOUTH 10TH STREET SUITE 900 RICHMOND VA 23219 990 2010-07-01 510251819 THE STEWARD SCHOOL FOUNDATION STEW 8047403394 11600 GAYTON ROAD RICHMOND VA 23238 LISA S DWELLE 8047403394 2011-11-14 1 AARON T ELLISON 8046735700 2011-11-14 2010 2016-02-24 21:20:13Z LISA S DWELLE 11600 GAYTON ROAD RICHMOND VA 23238 1111233 0 X WWW.STEWARDSCHOOL.ORG X 1980 VA THE FOUNDATION IS ORGANIZED TO PROMOTE THE WELFARE AND DEVELOPMENT OF THE STEWARD SCHOOL, A PRIVATE NONPROFIT INSTITUTION THAT PROVIDES EDUCATIONAL INSTRUCTION FOR CHILDREN FROM JUNIOR KINDERGARTEN THROUGH TWELFTH GRADE. 15 15 0 15 0 0 795405 500338 0 0 140492 610895 0 0 935897 1111233 2115770 851218 0 0 0 0 0 0 0 80223 153758 2195993 1004976 -1260096 106257 12687837 14224441 2024617 2277680 10663220 11946761 THE FOUNDATION'S EXEMPT PURPOSE IS TO RAISE FUNDS FOR THE CAPITAL EXPANSION AND TO SUPPORT THE OPERATIONS OF THE STEWARD SCHOOL. 0 0 862968 851218 FUNDS WERE USED TO SUPPORT THE STEWARD SCHOOL TO ENABLE THE SCHOOL TO PROVIDE COMPREHENSIVE EDUCATIONAL PROGRAMS TO 635 STUDENTS IN PRE-KINDERGARTEN THROUGH GRADE 12. THE STEWARD SCHOOL ALSO UTILIZED THE FUNDS TO PROVIDE SCHOLARSHIPS TO STUDENTS. 862968 1 1 0 0 0 0 0 0 1 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 VA X MS LISA DWELLE 8047403394 11600 GAYTON ROAD RICHMOND VA 23238 CHARLES L MENGES 2.00 X X 0 0 0 MARTIN BRILL 1.00 X 0 0 0 HORACE GRAY 1.00 X 0 0 0 STEVE HENDERSON 2.00 X 0 0 0 S ANDERSON HUGHES 1.00 X 0 0 0 GARY LECLAIR 1.00 X 0 0 0 MICHELE MCKINNON 1.00 X X 0 0 0 JOHN NOLDE 1.00 X 0 0 0 MORTON NORMAN 1.00 X 0 0 0 MARK O'NEIL 1.00 X 0 0 0 DENNIS PRYOR 1.00 X 0 0 0 KEVIN STRECKER 1.00 X X 0 0 0 KIRK TATTERSALL 1.00 X 0 0 0 BILL WADDELL 1.00 X 0 0 0 DAVID WRIGHT 1.00 X 0 0 0 LISA DWELLE 5.00 X 0 96921 2940 0 96921 2940 0 0 0 0 0 500338 225180 500338 97729 97729 513166 513166 513166 513166 1111233 0 0 610895 851218 851218 MGT FEES- SPIDER MANAGE 100706 100706 INCENTIVE FEES- SPIDER 32599 32599 SCHOLARSHIP EXPENSE 11750 11750 PARTNERSHIP FEES- SPIDE 6703 6703 MISC INVESTMENT FEES & 1957 1957 43 43 1004976 862968 142008 0 1715457 2039973 2014881 1689841 8957499 10494627 12687837 14224441 2024617 2277680 2024617 2277680 X 76953 76477 2552630 3836647 8033637 8033637 10663220 11946761 12687837 14224441 X 106257 1177284 X X 0 1 1 X 0 X X X 0 0 0 THE STEWARD SCHOOL CORPORATION 540914765 2 1 1 1 851218 1 851218 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8414478 1580261 304955 9689784 7537115 1110617 233254 8414478 7417016 1931166 -1583632 227435 7537115 0.00000 0.83000 0.17000 0 0 0 THE RICHMOND FUND 10494627 F 10494627 DUE TO THE STEWARD SCHOOL 2277680 2277680 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE SCHOOL'S ENDOWMENT CONSISTS OF APPROXIMATELY NINE INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. PURPOSES INCLUDE SUPPORT FOR SCHOOL OPERATIONS, FINANCIAL AID, HEALTH AND WELLNESS PROGRAMS, AND COMMUNITY BUILDING PROGRAMS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE STEWARD SCHOOL FOUNDATION QUALIFIES FOR EXEMPTION FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). SIMILAR EXEMPTIONS HAVE BEEN GRANTED FROM STATE INCOME TAXES. THE SCHOOL'S POLICY IS TO RECORD A LIABILITY FOR UNRECOGNIZED TAX BENEFITS, AND ANY RELATED INTEREST AND PENALTIES, WHEN IT IS MORE LIKELY THAN NOT A TAX POSITION TAKEN BY MANAGEMENT WITH RESPECT TO A TRANSACTION OR CLASS OF TRANSACTIONS WILL BE OVERTURNED BY A TAXING AUTHORITY UPON EXAMINATION. MANAGEMENT BELIEVES THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS OR RELATED INTEREST AND PENALTIES AT JUNE 30, 2011 AND, ACCORDINGLY, NO LIABILITY IS ACCRUED. 1 THE STEWARD SCHOOL CORPORATION 11600 GAYTON ROAD RICHMOND VA 23238 540914765 501(C)(3) 851218 CAPITAL EXPANSION AND SUPPORT OPERATIONS AT THE STEWARD SCHOOL. 1 0 OTHER INFORMATION: PART IV: THE SCHOOL REQUESTS A TRANSFER FROM THE FOUNDATION AND PROVIDES SUFFICIENT DOCUMENTATION TO SUPPORT THE REQUEST IN THE CASE OF CAPITAL TRANSFERS. FOR THE ANNUAL CONTRIBUTION, THE TRANSFER IS APPROVED BY THE BOARD. THE FOUNDATION REVIEWS THE REQUEST AND MAKES THE APPROPRIATE TRANSFER. THE ANNUAL CONTRIBUTION IS BASED ON 4% OF THE AVERAGE THREE-YEAR VALUE OF THE ENDOWMENT. X 14 225180 CURRENT MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED BY THE CHAIR AND VICE CHAIR OF THE FOUNDATION PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES COMPLETE AN ANNUAL CERTIFICATE AND DISCLOSE DURING THE YEAR IF ANY CONFLICTS ARISE. IN THE EVENT OF A CONFLICT, THE TRUSTEE WOULD NOT BE PERMITTED TO VOTE, AND THERE MAY BE FULL DISCLOSURE IF THE TRUSTEE WOULD BENEFIT FINANCIALLY FROM THE EVENT. FORM 990, PART VI, SECTION B, LINE 15 THE FOUNDATION HAS NO FULL-TIME EMPLOYEES. KEY PERSONNEL IN SUPPORT OF THE FOUNDATION ARE EMPLOYEES OF THE STEWARD SCHOOL AND ARE SUBJECT TO THE COMPENSATION POLICIES OF THE SCHOOL. THE STEWARD SCHOOL REVIEWS THE COMPENSATION OF ITS KEY EMPLOYEES ON AN ANNUAL BASIS TO ENSURE THAT COMPENSATION IS REASONABLE. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 1,177,284. FORM 990, PART XI, LINE 2C: THERE IS AN AUDIT COMMITTEE THAT SELECTS THE AUDITORS. THE AUDIT COMMITTEE MEETS WITH THE AUDITORS PRIOR TO THE START OF THE AUDIT TO DISCUSS SCOPE AND TIMING. THE AUDIT COMMITTEE MEETS WITH THE AUDITORS AT THE COMPLETION OF THE AUDIT TO REVIEW THE DRAFT FINANCIAL STATEMENTS AND REQUIRED COMMUNICATIONS. THE STEWARD SCHOOL CORPORATION 11600 GAYTON ROAD RICHMOND VA 23238 540914765 K-12 SCHOOL VA 501(C)(3) LINE 2 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 THE STEWARD SCHOOL CORPORATION B 851218 ACTUAL THE STEWARD SCHOOL CORPORATION N 96921 ACTUAL