2021-05-07T15:13:16-05:00 2020-06-30 560574444 CHERRY BEKAERT LLP 200 SOUTH 10TH ST STE 900 RICHMOND VA 23219 990 2019-07-01 540914765 THE STEWARD SCHOOL CORPORATION STEW 8047403394 11600 GAYTON ROAD RICHMOND VA 23238 LISA S DWELLE ASSOCIATE HEAD OF SCHOOL 8047403394 2021-05-06 1 AMANDA ADAMS P00748038 8046735700 2019 2022-09-23 18:48:47Z LISA S DWELLE 11600 GAYTON ROAD RICHMOND VA 23238 20185920 0 X WWW.STEWARDSCHOOL.ORG X 1972 VA THE STEWARD SCHOOL PROVIDES FORMAL INSTRUCTION FOR GRADES JK THROUGH 12 AND MAINTAINS A REGULAR FACULTY AND CURRICULUM. ENROLLMENT IS APPROXIMATELY 671. 26 25 270 400 0 0 948345 1796859 16917006 17926884 146771 107524 307495 240880 18319617 20072147 3365234 3984486 0 0 9874776 10261762 0 0 466272 5725954 5183446 18965964 19429694 -646347 642453 26039926 27806388 9872115 11460067 16167811 16346321 X OUR MISSION IS TO PREPARE STUDENTS FOR COLLEGE AND LIFE IN A COMMUNITY DEFINED BY ROBUST ACADEMICS, INSPIRATION, ENGAGEMENT, AND CARE. WE BELIEVE A DIVERSITY OF TALENTS, ABILITIES, AND CULTURES AMONG OUR STUDENT BODY OFFERS A RICH AND WELL-ROUNDED EDUCATIONAL EXPERIENCE. WE VALUE OUR SENSE OF COMMUNITY, MADE POSSIBLE BY OUR COMMITMENT TO A RELATIVELY SMALL POPULATION. 0 0 14765416 3984486 17429818 THE STEWARD SCHOOL PROVIDES FORMAL INSTRUCTION FOR GRADES JK THROUGH 12 AND MAINTAINS A REGULAR FACULTY & CURRICULUM. ENROLLMENT IS APPROXIMATELY 671. 623627 414131 THE STEWARD SCHOOL PROVIDES AUXILIARY PROGRAMS TO BENEFIT OUR SCHOOL COMMUNITY. THESE PROGRAMS INCLUDE AFTER SCHOOL CARE, ENRICHMENT SERIES, AND INSTRUCTIONAL SUPPORT. 111954 207914 THE STEWARD SCHOOL PROVIDES SUMMER PROGRAMMING FOR THE GREATER RICHMOND AREA FOR CHILDREN IN RISING GRADES JK-12 THROUGH OUR SUMMER EXPERIENCE PROGRAM. 15500997 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 1 0 1 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 1 0 0 1 62 0 1 270 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 26 25 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 DANIEL CAMPBELL CHAIRMAN 4.00 X X 0 0 0 MOLLY ANDERSON VICE CHAIR 2.00 X X 0 0 0 BRIAN THARP TREASURER 2.00 X X 0 0 0 LEE KILDUFF SECRETARY 2.00 X X 0 0 0 JAVONA BRAXTON DIRECTOR 1.00 X 0 0 0 TISA BROOKS DIRECTOR 1.00 X 0 0 0 DANIEL CALDWELL DIRECTOR 1.00 X 0 0 0 JEN CAMPBELL DIRECTOR 1.00 X 0 0 0 MARION CHENAULT DIRECTOR 1.00 X 0 0 0 FRANCISCO FERRER DIRECTOR 1.00 X 0 0 0 DAVID FRATKIN DIRECTOR 1.00 X 0 0 0 STEVE HENDERSON DIRECTOR 1.00 X 0 0 0 AMY HUMPHREYS DIRECTOR 1.00 X 0 0 0 JEN JENNETTE DIRECTOR 1.00 X 0 0 0 RUSTY JORDAN DIRECTOR 1.00 X 0 0 0 LISA LANDRY DIRECTOR 1.00 X 0 0 0 MICHELE MCKINNON DIRECTOR 1.00 X 0 0 0 CONCHY MARTINEZ DIRECTOR 1.00 X 0 0 0 KARLA MOSSI DIRECTOR 1.00 X 0 0 0 MARY HARVARD NOLDE DIRECTOR 1.00 X 0 0 0 KEVIN PARRIS DIRECTOR 1.00 X 0 0 0 CLAY REYNOLDS DIRECTOR 1.00 X 0 0 0 EDMUND RHOADS DIRECTOR 1.00 X 0 0 0 SUSAN TWINING DIRECTOR 1.00 X 3000 0 0 MATT WILLIAMS DIRECTOR 1.00 X 0 0 0 PAUL YOON DIRECTOR 1.00 X 0 0 0 G DANIEL FRANK PRESIDENT 40.00 1.00 X 291489 0 20340 SUSAN ATKINSON MIDDLE SCHOOL DIVISION HEAD 40.00 0.00 X 121634 0 13546 LISA S DWELLE ASSOCIATE HEAD OF SCHOOL 40.00 1.00 X 133283 0 13719 549406 0 47605 3 0 1 0 TIAA-CREF INSTITUTIONAL CONTRIBUTIONS PR 8500 ANDREW CARNEGIE BLVD CHARLOTTE NC 28262 FINANCIAL PLANNING 823051 MERIWETHER-GODSEY INC 4944 OLD BOOSBORO ROAD LYNCHBURG VA 24503 CATERING 621252 ORIGINAL BUILDING SERVICE INC 1300 E CARY ST RICHMOND VA 23219 CLEANING 180240 EXCELSIOR AIR LLC 6412 MALLORY DRIVE RICHMOND VA 23226 HEATING AND AIR 169760 BLACKBAUD 65 FAIRCHILD STREET CHARLESTON SC 29492 CLOUD COMPUTING 140173 5 23068 1703288 70503 1796859 STUDENT TUITIONS 611600 16658760 16658760 STUDENT FEES 611600 1060210 1060210 SUMMER CAMP 611600 207914 207914 17926884 116725 116725 39802 0 39802 39802 39802 9201 -9201 -9201 -9201 132545 23068 56446 76099 76099 71400 48126 23274 23274 BILLING FEE INCOME 611710 71793 71793 29912 29912 101705 20072147 18051863 0 223425 3984486 3984486 410520 65586 279348 65586 8013818 5951209 1793827 268782 343813 266718 66658 10437 889682 690185 172490 27007 603929 468507 117089 18333 72201 72201 14898 14898 277981 67285 134569 76127 154169 17282 136887 178648 89324 89324 892134 787848 104286 6782 6782 162788 139555 23233 245756 217033 28723 1785974 1577202 208772 STUDENT SUPPORT SERVICE 575590 575590 INSTRUCTIONAL EXPENSE 316362 316362 STUDENT ACTIVITIES 143467 143467 SUMMER CAMP EXPENSES 111954 111954 244742 31404 213338 19429694 15500997 3462425 466272 2492870 3611704 19375 5631 140446 104788 42602 42513 323704 316057 52339318 32192841 20398989 20146477 1521935 1423835 1100005 2155383 26039926 27806388 1232324 1554094 2073585 3467653 6033851 5665183 203594 226288 328761 546849 9872115 11460067 X 16082435 16244144 85376 102177 16167811 16346321 26039926 27806388 X 642453 -118205 -345738 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 13952907 -180724 508096 13264087 13840813 585306 473212 13952907 11521498 1743814 1159316 583815 13840813 10627098 1439506 545106 11521498 11625914 -458570 540246 10627098 0.59420 0.40580 0 1 1 181041 181041 38235894 21590694 16645200 8902857 6837304 2065553 5019526 3764843 1254683 20146477 THE RICHMOND FUND 1423835 F 1423835 DUE FROM FOUNDATION 2155383 2155383 INTEREST RATE SWAP 398766 CAPITAL LEASE OBLIGATION 148083 546849 X PART IV, LINE 2B: THE SCHOOL HOLDS FUNDS ON BEHALF OF PARENT, STUDENT, AND ALUMNI GROUPS. PART V, LINE 4: THE ENDOWMENT CONSISTS OF APPROXIMATELY ELEVEN INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. PURPOSES INCLUDE SUPPORT FOR SCHOOL OPERATIONS, FINANCIAL AID, HEALTH AND WELLNESS PROGRAMS, AND COMMUNITY BUILDING PROGRAMS. PART X, LINE 2: MANAGEMENT HAS EVALUATED THE EFFECT OF GAAP GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT BELIEVES THAT THE SCHOOL AND FOUNDATION CONTINUE TO SATISFY THE REQUIREMENTS OF A TAX-EXEMPT ORGANIZATION AT JUNE 30, 2020. MANAGEMENT HAS EVALUATED ALL OTHER TAX POSITIONS THAT COULD HAVE A SIGNIFICANT EFFECT ON THE FINANCIAL STATEMENTS AND DETERMINED THE SCHOOL AND FOUNDATION HAVE NO UNCERTAIN INCOME TAX POSITIONS AT JUNE 30, 2020. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL'S RACIALLY NON-DISCRIMINATORY POLICY TOWARDS STUDENTS IS ANNUALLY PUBLISHED THROUGH A PRINTED STATEMENT OF THE SCHOOL'S ADMISSION POLICY IN THE LOCAL NEWSPAPER AND MAGAZINES. SCHEDULE E, PART I, LINE 6 IN APRIL 2020, THE SCHOOL RECEIVED A PAYCHECK PROTECTION PROGRAM LOAN ("PPP LOAN") IN THE AMOUNT OF $1,596,727. THE PPP LOAN WAS GRANTED BY THE SMALL BUSINESS ADMINISTRATION UNDER THE CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY ACT ("CARES ACT"). THE LOAN MUST BE REPAID IF THE SCHOOL DOES NOT OVERCOME CERTAIN BARRIERS WITHIN THE CARES ACT. THE BARRIERS UNDER THE PROGRAM INCLUDE THE REQUIREMENT TO MAINTAIN EMPLOYEE HEADCOUNT, SPEND UP TO 60% OF THE LOAN PROCEEDS ON CERTAIN PAYROLL AND EMPLOYEE BENEFITS, AND RESTRICTS OTHER LOAN PROCEEDS TO BE USED FOR OTHER QUALIFYING EXPENSES SUCH AS MORTGAGE INTEREST, RENT AND UTILITIES. THE SCHOOL HAS DEFERRED RECOGNITION OF GRANT REVENUE FOR THE YEAR ENDED JUNE 30, 2020, BECAUSE THE CONDITIONS FOR FORGIVENESS HAVE NOT YET BEEN SUBSTANTIALLY MET, HOWEVER, THE SCHOOL BELIEVES IT WILL SUBSTANTIALLY MEET THE CONDITIONS REQUIRED. GALA 88901 23068 65833 5815 12702 5165 GOLF CLASSIC 43745 43745 5880 4970 790 1485 3 22967 22967 206 0 4063 8295 7075 155613 23068 132545 206 11695 21735 9085 13725 56446 76099 1 FINANCIAL AID 253 2617924 BOOK VALUE REDUCTION IN TUTION TUITION REMISSION 71 971695 BOOK VALUE TUITION ASSISTANCE MERIT GRANTS AND SCHOLARSHIPS 57 311000 BOOK VALUE REDUCTION IN TUTION PART I, LINE 2: PARENTS ARE REQUIRED TO COMPLETE A FINANCIAL AID APPLICATION AND SUBMIT SUPPORTING TAX DOCUMENTS IN ORDER TO RECEIVE FINANCIAL AID. THE FINANCIAL AID COMMITTEE REVIEWS ALL APPLICATIONS AND SUPPORTING DOCUMENTS. THE AMOUNT OF THE FINANCIAL AID IS APPLIED DIRECTLY TO A STUDENT'S BILLING ACCOUNT. THE STEWARD SCHOOL PROVIDES TUITION REMISSION FOR FULL-TIME FACULTY AND STAFF SUBJECT TO THE FOLLOWING POLICY: - IF THEIR HIRE DATE IS PRIOR TO JUNE 1, 2002, THEN THEY ARE ELIGIBLE FOR FULL REMISSION FOR ALL CHILDREN; - IF THEIR HIRE DATE IS JUNE 1, 2002 - FEBRUARY 29, 2008, THEN THEY ARE ELIGIBLE FOR FULL REMISSION FOR FIRST CHILD, 50% REMISSION FOR SUBSEQUENT CHILDREN; - AND IF THEY WERE HIRED AFTER FEBRUARY 29, 2008, THEN THEY ARE ELIGIBLE FOR 50% REMISSION FOR ALL CHILDREN. X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 G DANIEL FRANK PRESIDENT 240055 0 10000 0 41434 0 12525 0 7815 0 311829 0 0 0 PART I, LINE 1A TAX INDEMNIFICATION: THE HEAD OF SCHOOL RECEIVES REMISSION AS A TAXABLE BENEFIT. THE ORGANIZATION ALSO GROSSES UP THE BENEFIT TO COVER THE TAXES. A ECONOMIC DEVELOPMENT AUTHORITY OF HENRICO COUNTY VA 541197472 2010-11-01 7255000 REFINANCE 0 0 0 A 1540000 7255000 138012 7116988 2010 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 1 0 1 1 BB&T 10.000000000000 0 0 0 0 0 A 1 9510 FINANCIAL AID FINANCIAL AID FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS REVIEWED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES PRIOR TO FILING THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C THE SCHOOL MAINTAINS A CONFLICT OF INTEREST POLICY WHICH IS REVIEWED AND SIGNED ON AN ANNUAL BASIS BY ALL TRUSTEES. IF A MATTER ARISES DURING THE YEAR THAT INVOLVES A POTENTIAL CONFLICT OF INTEREST FOR A TRUSTEE, THE TRUSTEE SHALL RECUSE HIMSELF/HERSELF FROM THE DISCUSSION AND VOTE. FORM 990, PART VI, SECTION B, LINE 15 THE HEADMASTER'S COMPENSATION IS DETERMINED BY A COMPENSATION COMMITTEE WHICH INCLUDES THE CHAIR, VICE CHAIR OF THE BOARD, THE FINANCE COMMITTEE CHAIR AND THE PERSONNEL COMMITTEE CHAIR. THE COMMITTEE REVIEWS COMPARATIVE DATA FROM A COMPENSATION SURVEY OR STUDY IN SETTING HIS COMPENSATION. HIS COMPENSATION IS APPROVED BY THE COMPENSATION COMMITTEE PRIOR TO BEING SET. COMPENSATION IS REVIEWED ANNUALLY FOR ALL OFFICERS AND KEY EMPLOYEES. THE PERSONNEL COMMITTEE RECOMMENDS A GENERAL ANNUAL INCREASE FOR ALL EMPLOYEES. SPECIFIC AMOUNTS ARE DETERMINED BY THE HEADMASTER BASED ON THE ANNUAL INCREASE AND THE EMPLOYEE'S PERFORMANCE. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: UNREALIZED LOSS ON INTEREST RATE SWAP -309,477. BAD DEBT EXPENSES -36,261. THE STEWARD SCHOOL FOUNDATION 11600 GAYTON ROAD RICHMOND VA 23238 510251819 FOUNDATION/ SUPPORTING ORGANIZATION VA 501(C)(3) LINE 12A, I STEWARD SCHOOL CORPORATION 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 THE STEWARD SCHOOL FOUNDATION C 1703288 BOOK