2026-05-15T15:28:50-05:00 2025-06-30 561750124 BATCHELOR TILLERY & ROBERTS LLP 3605 GLENWOOD AVENUE SUITE 350 RALEIGH NC 27612 990 2024-07-01 237241145 ST DAVID'S SCHOOL STDA 9197823240 3400 WHITE OAK ROAD RALEIGH NC 27609 JONATHAN WALSTON DIRECTOR OF FINANCE 9197823240 2026-05-15 1 1 DAWN O WHITT P02352669 9197878212 2024 2025-03-06 01:10:19Z KENNETH CHEESEMAN 3400 WHITE OAK ROAD RALEIGH NC 27609 19066605 0 X WWW.SDSW.ORG X 1972 NC PREPARE STUDENTS FOR COLLEGE & LIFE BY CHALLENGING THEM TO EXCEL IN FAITH, VIRTUE & KNOWLEDGE. 14 14 242 300 0 0 2681969 2001931 15752892 16722381 132262 129715 16430 19651 18583553 18873678 1315313 1074638 0 0 11735585 12122042 0 0 566553 6590498 6812879 19641396 20009559 -1057843 -1135881 29894594 27061127 22674319 20990020 7220275 6071107 ST. DAVID'S IS AN INDEPENDENT SCHOOL OF ACADEMIC EXCELLANCE THAT PREPARES YOUNG MEN AND WOMEN FOR COLLEGE AND LIFE BY CHALLENGING THEM TO EXCEL IN THE VITAL AREAS OF CHRISTIAN FAITH, VIRTUE, AND KNOWLEDGE. 0 0 15109471 1074638 16722381 EXPENSES ARE INCURRED TO OPERATE A SCHOOL FOR 687 PRE-KINDERGARTEN THROUGH 12TH GRADE STUDENTS. THESE EXPENSES INCLUDE TEACHER SALARIES, EDUCATIONAL MATERIALS, FIELD TRIPS AND OTHER STUDENT ACTIVITIES. 15109471 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 16 0 1 242 1 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X X JONATHAN WALSTON 9197823240 3400 WHITE OAK ROAD RALEIGH NC 27609 ANNE FLETCHER CHAIRMAN 1.00 X X 0 0 0 DANA SIMPSON VICE-CHAIRMAN 1.00 X X 0 0 0 CLIFF BENSON III CO-TREASURER 1.00 X X 0 0 0 MIKE SMITH CO-TREASURER 1.00 X X 0 0 0 ROGER BROOKS TRUSTEE 1.00 X 0 0 0 JOSEPH BUMGARNER TRUSTEE 1.00 X 0 0 0 PAUL CONWAY TRUSTEE 1.00 X 0 0 0 KATHERINE KANE TRUSTEE 1.00 X 0 0 0 JOE KNOTT III CHAIRMAN EMERITUS 1.00 X 0 0 0 JOHN LUCKETT TRUSTEE 1.00 X 0 0 0 DONNA MCCLATCHEY TRUSTEE 1.00 X 0 0 0 JULE SMITH TRUSTEE 1.00 X 0 0 0 MEREDITH SPARROW TRUSTEE 1.00 X 0 0 0 PATRICK WALSH TRUSTEE 1.00 X 0 0 0 PHIL YORK TRUSTEE 1.00 X 0 0 0 MIRIAM F LESHNOCK ASST HEADMASTER FINANCE/OP 40.00 X 231514 0 20412 MATTHEW HILLEGASS PRIOR HEAD OF SCHOOL 40.00 X 249345 0 50357 KENNETH CHEESEMAN HEAD OF SCHOOL 40.00 X 0 0 0 RICARDO VIERA ATHLECTIC DIRECTOR 40.00 X 114629 0 50377 MARY A RAPER DIRECTOR OF ADVANCEMENT 40.00 X 139069 0 56847 VIRGINIA MATTHEWS ASST HEAD OF SCHOOL 40.00 X 130226 0 23837 ANNE SENA DIRECTOR OF OPERATIONS/TECHNOLOGY 40.00 X 109682 0 6469 974465 0 208299 6 0 1 0 0 123769 1878162 194919 2001931 TUITION & REGISTRATION 611110 16107446 16107446 ACADEMIC SUPPORT 611110 352250 352250 OTHER SCHOOL ACTIVITIES 611110 262685 262685 16722381 129715 129715 49654 0 49654 49654 49654 152824 123769 190878 -38054 -38054 10100 2049 8051 8051 18873678 16722381 0 149366 1074638 1074638 585962 433137 130672 22153 9538775 7230441 1973723 334611 516658 381908 115217 19533 760778 562359 169657 28762 719869 532119 160534 27216 18126 18126 55660 55660 23467 23467 17680 17680 245714 189360 17319 39035 49414 32924 15652 838 537056 442116 81845 13095 327230 260848 57309 9073 64906 63198 1708 867572 283597 574111 9864 1639632 1077038 525132 37462 117988 94227 20484 3277 FOOD SERVICE 776504 776504 0 0 REPAIRS & MAINTENANCE 642703 513270 111580 17853 ATHLETIC EQUIPMENT 404765 404765 0 0 FIELD TRIPS 209393 209393 0 0 815069 547629 263659 3781 20009559 15109471 4333535 566553 4813223 2887565 154998 128939 62370 43743 200000 83688 83512 42715987 19217035 24592391 23498952 187924 218416 29894594 27061127 163701 246784 7282014 6558425 15036013 0 0 13961569 192591 223242 22674319 20990020 X 6302520 5398038 917755 673069 7220275 6071107 29894594 27061127 X -1135881 -13287 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1470793 1470793 38106918 16692147 21414771 2071542 1527439 544103 1066734 997449 69285 23498952 OPERATING LEASE LIABILITY 143953 FINANCE LEASE LIABILITY 79289 223242 X 17799040 0 17799040 1074638 1074638 18873678 18948208 13287 13287 18934921 1074638 1074638 20009559 PART X, LINE 2: INCOME TAXES: THE SCHOOL IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE STATUTES, AND ACCORDINGLY, NO INCOME TAXES HAVE BEEN PROVIDED FOR THE SCHOOL IN THE ACCOMPANYING FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID INCLUDED AS A REDUCTION OF FINANCIAL STMT TUITION RECEIVED 1,074,638. PART XII, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED LOSS ON INTEREST RATE SWAP 13,287. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID INCLUDED AS A REDUCTION OF FINANCIAL STMT TUITION RECEIVED 1,074,638. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 NONDISCRIMINATORY POLICY: THE SCHOOL PUBLICIZES ITS RACIALLY NONDISCRIMINATORY POLICY THROUGH VARIOUS FORMS OF PRINT AND ONLINE MEDIA SOLICITING STUDENTS. WINTER SOCIAL 276593 123769 152824 123528 14849 20889 9190 22422 276593 123769 152824 123528 14849 20889 9190 22422 190878 -38054 1 FINANCIAL AID 98 1074638 PART I, LINE 2: PROCEDURES FOR MONITORING GRANT FUNDS IN THE UNITED STATES: ST. DAVID'S USES AN OUTSIDE SERVICE TO COLLECT AND PROCESS FINANCIAL AID APPLICANTS' FINANCIAL INFORMATION. THIS SERVICE IS PROVIDED BY TADS. APPLICANTS SUBMIT THEIR FAMILY FINANCIAL INFORMATION TO TADS FOR PROCESSING. A SUMMARY REPORT OF THE FAMILY FINANCIAL INFORMATION IS GENERATED AND SENT TO THE SCHOOL. ONCE THIS REPORT IS RECEIVED, THE FINANCIAL AID COMMITTEE REVIEWS IT AND MAKES AWARDS CONSIDERING THE INFORMATION PROVIDED IN THAT REPORT. THE COMMITTEE ALSO ANALYZES MOST RECENT TAX RETURNS AND OTHER FACTORS AS NECESSARY. X X X 0 0 0 0 0 0 0 0 0 MATTHEW HILLEGASS PRIOR HEAD OF SCHOOL 242400 0 0 0 6945 0 14580 0 35925 0 299850 0 0 0 MIRIAM F LESHNOCK ASST HEADMASTER FINANCE/OP 229813 0 0 0 1701 0 13835 0 6725 0 252074 0 0 0 MARY A RAPER DIRECTOR OF ADVANCEMENT 137524 0 0 0 1545 0 7228 0 49766 0 196063 0 0 0 RICARDO VIERA ATHLECTIC DIRECTOR 113177 0 0 0 1452 0 7333 0 43191 0 165153 0 0 0 VIRGINIA MATTHEWS ASST HEAD OF SCHOOL 128386 0 0 0 1840 0 8230 0 15755 0 154211 0 0 0 KENNETH CHEESEMAN HEAD OF SCHOOL INITIAL EMPLOYMENT X 200000 200000 0 1 1 200000 X AUCTION ITEMS 55 87863 FAIR MARKET VALUE X ROOF REPAIR & MAINTENANCE 1 82850 FAIR MARKET VALUE X SENIOR GIFTS 1 10350 FAIR MARKET VALUE X ATHLETIC EQUIPMENT 1 8908 FAIR MARKET VALUE X FUNDRAISING EVENT COSTS 1 4489 FAIR MARKET VALUE X CLASSROOM SUPPLIES 2 459 FAIR MARKET VALUE 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED IN PART 1, COLUMN (B). FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS: THE FORM 990 IS REVIEWED BY JONATHAN WALSTON, DIRECTOR OF FINANCE, WHO PROVIDES THE SIGNATURE ON THE FORM. FORM 990, PART VI, SECTION B, LINE 12C MONITORING CONFLICTS OF INTEREST: THE ST. DAVID'S BOARD DISCUSSES ANNUAL EVENTS THAT MAY CAUSE A CONFLICT OF INTEREST AT THE MAY BOARD MEETING WHEN THE NEXT FISCAL YEAR BUDGET IS APPROVED. THE DISCUSSION IS DOCUMENTED IN THE MEETING MINUTES. THE CONFLICT OF INTEREST POLICY AND REPORTING PROCEDURES ARE ALSO PUBLISHED IN THE FACULTY AND STAFF HANDBOOKS THAT ARE DISTRIBUTED TO EACH EMPLOYEE AT THE BEGINNING OF THE ACADEMIC YEAR. FORM 990, PART VI, SECTION B, LINE 15 PROCESS FOR DETERMINING COMPENSATION: EACH YEAR THE PERSONNEL COMMITTEE OF THE BOARD SOLICITS FEEDBACK ON THE HEADMASTER'S PERFORMANCE OVER THE PAST YEAR THROUGH A SURVEY SENT TO FACULTY, STAFF, PARENTS AND BOARD MEMBERS. THE COMMITTEE TAKES THE INFORMATION OBTAINED THROUGH THE SURVEY INTO CONSIDERATION, ALONG WITH COMPARABLE DATA FOR COMPENSATION INFORMATION FROM SIMILAR ORGANIZATIONS OBTAINED BY A MEMBER OF THE BOARD, IN SETTING THE HEADMASTER'S SALARY FOR THE NEXT YEAR. THE SCHOOL CONDUCTS COMPARABILITY ANALYSES OF ALL POSITIONS PRIOR TO MAKING JOB OFFERS TO KEY EMPLOYEES. THE FINANCE COMMITTEE REVIEWS AND THE BOARD APPROVES SALARY RANGES FOR ALL NEW POSITIONS. ST. DAVID'S IS CURRENTLY FORMALIZING AN EMPLOYEE EVALUATION PROCESS FOR BOTH FACULTY AND STAFF TO BETTER CORRELATE PERFORMANCE WITH COMPENSATION. AS PART OF THIS PROCESS, EMPLOYEE SALARIES ARE BENCHMARKED VERSUS COMPARABILITY DATA AND REVIEWED BY THE HEADMASTER, CHIEF FINANCIAL OFFICER, AND FINANCE COMMITTEE CHAIRPERSON OF THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 MAKING DOCUMENTS AVAILABLE TO THE PUBLIC: THE ORGANIZATION'S FORM 990 IS AVAILABLE ONLINE AT WWW.GUIDESTAR.ORG, WHERE IT IS CONFIRMED TO BE WIDELY AVAILABLE. THE ORGANIZATION'S GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST FOR INSPECTION AT OUR PRIMARY BUSINESS LOCATION DURING NORMAL BUSINESS HOURS. COPIES OF THE ABOVE DOCUMENTS MAY ALSO BE PROVIDED, UPON REQUEST, FOR A REASONABLE FEE TO DEFRAY COPYING AND POSTAGE EXPENSE. FORM 990, PART XI, LINE 9: UNREALIZED GAIN/(LOSS) ON CASH FLOW HEDGE -13,287. FORM 990, PART XII, LINE 2C THE AUDIT COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT.