2018-05-14T13:55:24-05:00 2017-06-30 BLUM SHAPIRO & COMPANY PC ONE INTERNATIONAL PLACE 16TH FLOOR BOSTON MA 02110 990 2016-07-01 050259009 ST GEORGE'S SCHOOL STGE 4018477565 PO BOX 1910 NEWPORT RI 028400190 ELIZABETH F MCGRATH DIRECTOR OF FINANCE 4018477565 2018-05-14 1 LAURA J KENNEY P00202198 6172211944 2018-05-14 2016 2022-09-23 18:48:47Z ERIC F PETERSON 372 PURGATORY ROAD MIDDLETOWN RI 02842 68131644 0 X WWW.STGEORGES.EDU X 1896 RI TO GIVE STUDENTS IN THE GRADES OF 9 THRU 12 THE OPPORTUNITY OF DEVELOPING TO THE FULLEST EXTENT. 28 26 239 250 57713 -9211 9145585 7331200 20076539 20865505 10503829 11201828 907725 1453849 40633678 40852382 4489213 4570595 0 0 14061989 15002075 91792 65000 1931624 34038781 16748509 52681775 36386179 -12048097 4466203 235392577 232759284 65152673 49183578 170239904 183575706 TO GIVE STUDENTS IN THE GRADES OF 9 THRU 12 THE OPPORTUNITY OF DEVELOPING TO THE FULLEST EXTENT POSSIBLE THE PARTICULAR GIFTS THAT ARE THEIRS AND TO ENCOURAGE IN THEM THE DESIRE TO DO SO. 0 0 28140938 4570595 21898635 ST. GEORGE'S SCHOOL PRIMARILY PROVIDES INSTRUCTION AND STUDENT EDUCATION SUPPORT TO STUDENTS IN GRADES 9-12. 28140938 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 1 0 1 1 1 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 1 1 0 1 0 1 0 0 0 1 1 0 0 0 1 89 0 1 239 1 1 1 0 0 0 0 0 0 0 0 0 X 28 26 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X ELIZABETH F MCGRATH DIRECTOR OF F 4018426785 372 PURGATORY ROAD MIDDLETOWN RI 02842 TIMOTHY P BURNS SECRETARY 2.00 X X 0 0 0 LESLIE BATHGATE HEANEY CHAIR 2.00 X X 0 0 0 ERIC F PETERSON HEAD OF SCHOOL 50.00 X X 431915 0 150938 DANA L SCHMALTZ TREASURER 2.00 X X 0 0 0 APRIL S ANDERSON INDIVIDUAL TRUSTEE 2.00 X 0 0 0 RUDOLPHUS BETHEA JR INDIVIDUAL TRUSTEE 2.00 X 0 0 0 SUSAN CARLSON INDIVIDUAL TRUSTEE 2.00 X 0 0 0 WILLIAM C DORSEY INDIVIDUAL TRUSTEE 2.00 X 0 0 0 SUSAN K GALLAGHER INDIVIDUAL TRUSTEE 2.00 X 0 0 0 DAVID HALWIG INDIVIDUAL TRUSTEE 2.00 X 0 0 0 CLARE GESUALDO HARRINGTON INDIVIDUAL TRUSTEE 2.00 X 0 0 0 JOSEPH C HOOPES JR INDIVIDUAL TRUSTEE 2.00 X 0 0 0 FRASER HUNTER INDIVIDUAL TRUSTEE 2.00 X 0 0 0 MICHAEL KIM INDIVIDUAL TRUSTEE 2.00 X 0 0 0 JEFFREY KIMBELL INDIVIDUAL TRUSTEE 2.00 X 0 0 0 RT REV DR W NICHOLAS KNISELY EX OFFICIO HONORARY BOARD 2.00 X 0 0 0 ANTHONY MAYER INDIVIDUAL TRUSTEE 2.00 X 0 0 0 ANNE T MCCORMACK INDIVIDUAL TRUSTEE 2.00 X 0 0 0 E STANTON MCLEAN INDIVIDUAL TRUSTEE 2.00 X 0 0 0 WILLIAM C PRESCOTT JR INDIVIDUAL TRUSTEE 2.00 X 0 0 0 BARBARA PUTNAM INDIVIDUAL TRUSTEE 2.00 X 0 0 0 DAVID RANDALL INDIVIDUAL TRUSTEE 2.00 X 0 0 0 RT REV DR HAYS H ROCKWELL INDIVIDUAL TRUSTEE 2.00 X 0 0 0 LISA COLGATE SCULLY INDIVIDUAL TRUSTEE 2.00 X 0 0 0 JOOYOUNG JENNIFER SHIN INDIVIDUAL TRUSTEE 2.00 X 0 0 0 R STEWART STRAWBRIDGE INDIVIDUAL TRUSTEE 2.00 X 0 0 0 JANE TIMKEN INDIVIDUAL TRUSTEE 2.00 X 0 0 0 LANGDON VAN NORDEN JR INDIVIDUAL TRUSTEE 2.00 X 0 0 0 ELIZABETH F MCGRATH DIRECTOR OF FINANCE/ASST TREASURER 50.00 X 158440 0 27813 ROBERT WESTON ASSOCIATE HEAD OF SCHOOL/ASST SECRETARY 50.00 X 154930 0 76355 ELIZABETH BICKFORD DEAN OF FACULTY 50.00 X 130972 0 56726 THOMAS P CALLAHAN DIRECTOR OF MERCK-HORTON CENTER 30.00 X 158810 0 38882 PATRICIA E MOSS ASSISTANT HEAD FOR ACADEMIC AFFAIRS 50.00 X 114989 0 20220 CHRISTOPHER SHAW DEAN OF ACADEMICS 50.00 X 134325 0 71840 GEORGE W STAPLES DIRECTOR OF OPERATIONS 50.00 X 156990 0 151991 1441371 0 594765 10 0 1 0 ROPES & GRAY LLP PO BOX 11839 NEWARK NJ 07101 LEGAL SERVICES 5160074 SHAWMUT DESIGN AND CONSTRUCTION SUITE A 275 - 3 DAVOL SQUARE PROVIDENCE RI 02903 CONSTRUCTION CONTRACTOR 2541088 SAGE DINING SERVICES INC 222 BOSLEY AVENUE SUITE B7 TOWSON MD 21204 DINING SERVICES 1833123 FOLEY HOAG LLP 155 SEAPORT BOULEVARD BOSTON MA 02210 LEGAL SERVICES 1722283 ABM JANITORIAL SERVICES PO BOX 1534 NEW YORK NY 100081534 CLEANING SERVICES 737032 20 7331200 660561 7331200 STUDENT SERVICES 611110 20865505 20865505 20865505 2723210 2723210 35481580 12000 27002470 12492 8479110 -492 8478618 8478618 627306 264300 363006 363006 MISCELLANEOUS INCOME 900099 1090843 1033130 57713 1090843 40852382 21898635 57713 11564834 4570595 4570595 1457693 218516 955046 284131 133760 133760 9500041 7565347 1105100 829594 827597 683271 51240 93086 2341775 2073757 196162 71856 741209 548349 125026 67834 434973 434973 56910 56910 65000 65000 325595 325595 2070481 1903640 94081 72760 115177 34083 222 80872 367697 327266 14846 25585 753583 477380 255007 21196 1516612 1440781 75831 553562 424075 20259 109228 263615 201712 35486 26417 996574 946745 49829 3589051 3409598 179453 415050 32190 382860 FACILITY REPAIRS 2373549 754010 1615601 3938 DINING SERVICES 2094451 1993067 101384 821629 402796 340090 78743 36386179 28140938 6313617 1931624 953626 663985 4579059 3902087 210290 299848 76000 76000 386461 301474 241511 227974 565179 615665 123576401 55104857 71111393 68471544 137966694 142003121 19067275 15989491 235089 208095 235392577 232759284 19121261 3697767 3401435 3907254 40752850 39494619 1877127 2083938 65152673 49183578 X 46415525 46618110 56621045 67380185 67203334 69577411 170239904 183575706 235392577 232759284 X 4466203 8029679 839920 X X 0 1 X 1 0 X 6034190 5816220 9642775 9145585 7331200 37969970 6034190 5816220 9642775 9145585 7331200 37969970 5308501 32661469 3123101 3002651 2799150 2887698 2723210 14535810 171469 160522 340165 326355 363006 1361517 53867297 100486381 0.60630 0.56520 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: SALE OF INVENTORY RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 122855122 1301459 18895415 8090304 134961692 139858576 4350961 2930828 24285243 122855122 141838371 992715 3274278 6246788 139858576 124136104 1138115 25637813 9073661 141838371 108924257 2012100 16810996 3611249 124136104 0.12200 0.47280 0.40520 1 0 1809627 1809627 100251623 41174239 59077384 15414891 10993765 4421126 6100260 2936853 3163407 68471544 SPLIT INTEREST AGREEMENTS 8942087 F CORPORATE BONDS 7047404 F 15989491 DUE TO BENEFICIARIES OF SPLIT INTEREST AGREEMENTS 2083938 2083938 44701536 8029679 1108270 9137949 35563587 5288795 5288795 40852382 31365734 268350 268350 31097384 5288795 5288795 36386179 PART V, LINE 4: THE SCHOOL'S ENDOWMENT CONSISTS OF NUMEROUS FUNDS DONATED OR ESTABLISHED FOR A VARIETY OF SCHOOL-RELATED PURPOSES. THE INTENDED USES OF THE ENDOWMENT FUNDS IS TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS WITHIN DONOR OR BOARD-DESIGNATED RESTRICTIONS, AS APPROPRIATE. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 839,920. STORE COST OF GOODS SOLD 264,300. BAD DEBTS NETTED WITH REVENUE ON FINANCIAL STATEMENTS 4,050. PART XI, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID/TUITION REMISSION 5,288,795. PART XII, LINE 2D - OTHER ADJUSTMENTS: STORE COST OF GOODS SOLD 264,300. BAD DEBTS NETTED WITH REVENUE ON FINANCIAL STATEMENTS 4,050. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID/TUITION REMISSION 5,288,795. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 ST. GEORGE'S SCHOOL ADMITS STUDENTS OF ANY RELIGION, RACE, COLOR, SEXUAL ORIENTATION, GENDER IDENTITY, GENDER EXPRESSION, AND NATIONAL OR ETHNIC ORIGIN TO ALL THE PROGRAMS AND ACTIVITIES GENERALLY ACCORDED OR MADE AVAILABLE TO STUDENTS AT THE SCHOOL. IT DOES NOT DISCRIMINATE ON THE BASIS OF RELIGION, GENDER, RACE, COLOR, SEXUAL ORIENTATION, GENDER IDENTITY, GENDER EXPRESSION, OR NATIONAL OR ETHNIC ORIGIN IN THE ADMINISTRATION OF ITS EDUCATIONAL POLICIES, SCHOLARSHIP AND LOAN PROGRAMS, ATHLETIC AND OTHER SCHOOL-ADMINISTERED PROGRAMS, AND EMPLOYMENT. THE NON-DISCRIMINATION POLICY IS PUBLISHED IN THE SCHOOL ADMISSIONS CATALOG, ANNUALLY IN THE LOCAL NEWSPAPER, IN THE STUDENT HANDBOOK, ON ALL EMPLOYMENT APPLICATIONS AND IN THE EMPLOYEE HANDBOOK. EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES CULTURAL IMMERSION AND SAILING PROGRAM 436563 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES CULTURAL IMMERSION AND SHORT TERM INTERNSHIPS 38778 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES CULTURAL IMMERSION AND SHORT TERM INTERNSHIPS 57055 0 0 0 0 0 0 532396 0 532396 0 0 0 0 0 0 X X X X 1 COMMUNITY COUNSELING SERVICE CO LLC 461 FIFTH AVENUE NEW YORK NY 10017 CAMPAIGN MANAGEMENT SERVICES 0 0 65000 0 65000 RI 1 STUDENT SCHOLARSHIPS - DAY & BOARDING TUITION 113 4439081 FMV CREDITS AGAINST TUITION DUE EDUCATIONAL SUPPLIES 66 4800 126714 FMV LAPTOP COMPUTERS, TEXTBOOKS, INSURANCE, ETC. SCHEDULE I, PART I, LINE 2 FINANCIAL AID IS PROVIDED FOR TUITION AND FEES TO STUDENTS WHO DEMONSTRATE FINANCIAL NEED. THE SCHOOL DETERMINES THE NEED THROUGH AN OBJECTIVE AND NONDISCRIMINATORY REVIEW OF INFORMATION PROVIDED BY AN INDEPENDENT THIRD PARTY AS WELL AS DISCUSSIONS WITH THE FAMILY. THE THIRD PARTY COLLECTS AN APPLICANT'S FAMILY FINANCIAL INFORMATION AND SUGGESTS AN AMOUNT THAT THE FAMILY WILL BE ABLE TO CONTRIBUTE TO THE COST TO ATTEND ST. GEORGE'S SCHOOL. THE SCHOOL MAKES THE FINAL DETERMINATION OF THE AMOUNT OF AID THAT WILL BE OFFERED. X 1 1 X X 0 0 0 0 0 0 0 1 0 ERIC F PETERSON HEAD OF SCHOOL 324434 0 76000 0 31481 0 33497 0 117441 0 582853 0 0 0 ELIZABETH F MCGRATH DIRECTOR OF FINANCE/ASST TREASURER 157960 0 0 0 480 0 16120 0 11693 0 186253 0 0 0 ROBERT WESTON ASSOCIATE HEAD OF SCHOOL/ASST SECRET 154930 0 0 0 0 0 16600 0 59755 0 231285 0 0 0 ELIZABETH BICKFORD DEAN OF FACULTY 130492 0 0 0 480 0 13313 0 43413 0 187698 0 0 0 THOMAS P CALLAHAN DIRECTOR OF MERCK-HORTON CENTER 158810 0 0 0 0 0 16675 0 22207 0 197692 0 0 0 CHRISTOPHER SHAW DEAN OF ACADEMICS 131325 0 0 0 3000 0 14323 0 57517 0 206165 0 0 0 GEORGE W STAPLES DIRECTOR OF OPERATIONS 156990 0 0 0 0 0 16119 0 135872 0 308981 0 0 0 PART I, LINE 1A THE ORGANIZATION IS A BOARDING HIGH SCHOOL. HOUSING IS PROVIDED TO THE FOLLOWING INDIVIDUALS LISTED ON SCHEDULE J, PART II AS A NON-TAXABLE BENEFIT, INCLUDED IN COLUMN (D), FOR THE CONVENIENCE OF THE ORGANIZATION AS WELL AS A CONDITION OF EMPLOYMENT: ERIC PETERSON ROBERT WESTON ELIZABETH BICKFORD CHRISTOPHER SHAW GEORGE STAPLES PART I, LINE 7 THE HEAD OF SCHOOL'S BONUS IS RECOMMENDED BY THE BOARD CHAIR AND SUBSEQUENTLY REVIEWED AND APPROVED BY THE COMPENSATION COMMITTEE, BASED ON ACHIEVEMENT OF PERFORMANCE GOALS. A RHODE ISLAND HEALTH & EDUCATION BUILDING CORPORATION 521300173 000000000 2014-08-28 20000000 SEE PART VI 0 0 0 B RHODE ISLAND HEALTH & EDUCATION BUILDING CORPORATION 521300173 000000000 2014-08-28 15000000 SEE PART VI 0 0 0 C RHODE ISLAND HEALTH & EDUCATION BUILDING CORPORATION 521300173 000000000 2014-08-28 10000000 SEE PART VI 0 0 0 A 1162382 20000000 69530 863470 19067000 1 0 1 1 B 4186100 15000000 60589 11354482 299929 3285000 1 0 1 1 C 10000000 40393 9909607 50000 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 1 0 0 0 1 C 0 0 0 1 0 0 0 0 1 A 1 B 1 C 1 SCHEDULE K, SUPPLEMENTAL INFORMATION THE PROJECTS FOR THE 2014 BONDS CONSIST OF THE FINANCING OF (1) THE PLANNING, ACQUISITION, CONSTRUCTION, EQUIPPING AND FURNISHING OF VARIOUS OF THE BORROWER'S FACILITIES LOCATED AT 372 PURGATORY ROAD IN MIDDLETOWN, RHODE ISLAND, AND ADJACENT AREAS TO BE USED IN FURTHERANCE OF THE SCHOOL'S EDUCATIONAL MISSION AND (2) THE REFINANCING OF THE OUTSTANDING DEBT OF THE SERIES 2010 AND 2003 BONDS. SCHEDULE K, PART II, LINE 11: BOND PROCEEDS WERE USED TO REFUND PRIOR ISSUES. ERIC F PETERSON HEAD OF SCHOOL MORTGAGE ON PURCHASE OF RESIDENCE X 190000 76000 0 1 1 76000 62341 SCHOLARSHIPS SCHOLARSHIPS KRISTA L PETERSON SPOUSE OF OFFICER 75345 EMPLOYMENT 0 ANN R WESTON SPOUSE OF OFFICER 58415 EMPLOYMENT 0 X 50 660561 FAIR MARKET VALUE 0 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE BOARD CHAIR AND THE CHAIR OF THE AUDIT COMMITTEE REVIEW A COMPLETE COPY OF THE FORM 990, INCLUDING GIFTS, BEFORE FILING WITH THE IRS. THE AUDIT COMMITTEE REVIEWS A DRAFT OF THE FORM 990, EXCLUDING GIFTS, BEFORE FILING. EMAIL NOTIFICATION IS SENT TO ALL TRUSTEES INFORMING THEM THAT THE FINAL VERSION OF THE FORM 990, EXCLUDING GIFTS, HAS BEEN POSTED TO THE TRUSTEES' WEBSITE. FORM 990, PART VI, SECTION B, LINE 12C IN ORDER TO MONITOR AND ENFORCE COMPLIANCE OF THE POLICY, A SIGNED CONFLICT OF INTEREST POLICY IS REQUIRED ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION HIRES AN EDUCATIONAL COMPENSATION CONSULTANT TO WORK ON THE HEAD OF SCHOOL'S COMPENSATION CONTRACT. THE HEAD OF SCHOOL REVIEWS DATA FROM COMPARABLE SCHOOLS TO ENSURE THAT SENIOR MANAGEMENT COMPENSATION IS IN LINE WITH OTHER SIMILAR SCHOOLS. THE COMPENSATION COMMITTEE REVIEWS THE PERTINENT DATA AND THE DECISION PROCESS WITH THE HEAD OF SCHOOL FOR SENIOR MANAGEMENT COMPENSATION. DELIBERATIONS AND DECISIONS REGARDING COMPENSATION ARE DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 839,920. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS OR SELECTION PROCESS OF INDEPENDENT ACCOUNTANT DURING THE YEAR. SG HOLDINGS LLC PO BOX 1910 NEWPORT RI 028400190 464361322 FACULTY HOUSING RI 0 2055411 CAMP RAMLEH CO ST GEORGE'S SCHOOL PO BOX 1910 NEWPORT RI 02840 056011655 SUMMER CAMP RI 501(C)(3) LINE 7 N/A 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 1 0 0