2017-05-15T13:20:03-05:00 2016-06-30 061009205 BLUM SHAPIRO & COMPANY PC CPA'S 29 S MAIN STREET PO BOX 272000 WEST HARTFORD CT 061272000 990 2015-07-01 050259009 ST GEORGE'S SCHOOL STGE 4018477565 PO BOX 1910 NEWPORT RI 028400190 ELIZABETH F MCGRATH DIRECTOR OF FINANCE 4018477565 2017-05-15 1 ELIZABETH SOLECKI P00235171 8605614000 2017-05-15 2015 2021-01-29 14:40:06Z ELIZABETH F MCGRATH 372 PURGATORY ROAD MIDDLETOWN RI 02842 55494621 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. 32 31 230 250 58947 -4270 9642775 9145585 19503262 20076539 11712104 10503829 931350 907725 41789491 40633678 4480697 4489213 0 0 13866152 14061989 265397 91792 2241944 14485568 34038781 33097814 52681775 8691677 -12048097 233863198 235555252 44301165 65315348 189562033 170239904 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 27197399 4489213 20598962 ST. GEORGE'S SCHOOL PRIMARILY PROVIDES INSTRUCTION AND STUDENT EDUCATION SUPPORT TO STUDENTS IN GRADES 9-12. 27197399 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 0 0 1 0 1 0 0 0 1 1 0 0 0 1 64 0 1 230 1 1 1 0 0 0 0 0 0 0 0 0 X 32 31 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 ERIC F PETERSON HEAD OF SCHOOL 50.00 X X 454219 0 180912 RUDOLPHUS BETHEA JR INDIVIDUAL TRUSTEE 2.00 X 0 0 0 BARBARA PUTNAM INDIVIDUAL TRUSTEE 2.00 X 0 0 0 WILLIAM C DORSEY INDIVIDUAL TRUSTEE 2.00 X 0 0 0 DAVID HALWIG INDIVIDUAL TRUSTEE 2.00 X 0 0 0 LESLIE BATHGATE HEANEY CHAIR 2.00 X X 0 0 0 JOSEPH C HOOPES JR INDIVIDUAL TRUSTEE 2.00 X 0 0 0 JONATHAN T ISHAM JR INDIVIDUAL TRUSTEE 2.00 X 0 0 0 RT REV DR HAYS H ROCKWELL INDIVIDUAL TRUSTEE 2.00 X 0 0 0 TIMOTHY P BURNS SECRETARY 2.00 X X 0 0 0 SUSAN K GALLAGHER INDIVIDUAL TRUSTEE 2.00 X 0 0 0 WILLIAM C PRESCOTT JR INDIVIDUAL TRUSTEE 2.00 X 0 0 0 CHRISTOPHER B SAROFIM INDIVIDUAL TRUSTEE 2.00 X 0 0 0 ANNE T MCCORMACK INDIVIDUAL TRUSTEE 2.00 X 0 0 0 DAVID A MCELHINNY INDIVIDUAL TRUSTEE 2.00 X 0 0 0 DANA L SCHMALTZ TREASURER 2.00 X X 0 0 0 LANGDON VAN NORDEN JR INDIVIDUAL TRUSTEE 2.00 X 0 0 0 ARTHUR LEE INDIVIDUAL TRUSTEE 2.00 X 0 0 0 ROBIN GRACE WARREN INDIVIDUAL TRUSTEE 2.00 X 0 0 0 APRIL S ANDERSON INDIVIDUAL TRUSTEE 2.00 X 0 0 0 SUSAN CARLSON INDIVIDUAL TRUSTEE 2.00 X 0 0 0 MICHAEL KIM INDIVIDUAL TRUSTEE 2.00 X 0 0 0 DAVID RANDALL INDIVIDUAL TRUSTEE 2.00 X 0 0 0 JANE TIMKEN INDIVIDUAL TRUSTEE 2.00 X 0 0 0 CLARE GESUALDO HARRINGTON INDIVIDUAL TRUSTEE 2.00 X 0 0 0 JEFFREY KIMBELL INDIVIDUAL TRUSTEE 2.00 X 0 0 0 E STANTON MCLEAN 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 RT REV DR W NICHOLAS KNISELY EX OFFICIO HONARARY BOARD CHAIR 2.00 X 0 0 0 FRASER HUNTER INDIVIDUAL TRUSTEE 2.00 X 0 0 0 ELIZABETH F MCGRATH DIRECTOR OF FINANCE/ASST TREAS 50.00 X 154662 0 27362 ROBERT WESTON ASSOCIATE HEAD OF SCHOOL/ASST SEC 50.00 X 151604 0 73996 GEORGE W STAPLES DIRECTOR OF OPERATIONS 50.00 X 149430 0 110173 PATRICIA E MOSS ASSISTANT HEAD FOR ACADEMIC AFFAIRS 50.00 X 148577 0 25017 THOMAS P CALLAHAN DIRECTOR OF MERCK-HORTON CENTER 30.00 X 155846 0 36388 ELIZABETH BICKFORD DEAN OF FACULTY 50.00 X 124448 0 55973 CHRISTOPHER SHAW DEAN OF ACADEMICS 50.00 X 128966 0 70065 1467752 0 579886 11 0 1 0 SHAWMUT DESIGN AND CONSTRUCTION SUITE A 275 - 3 DAVOL SQUARE PROVIDENCE RI 02903 CONSTRUCTION CONTRACTOR 16451415 SAGE DINING SERVICES INC 222 BOSLEY AVENUE SUITE B7 TOWNSON MD 21204 DINING SERVICES 1783272 ABM JANITORIAL SERVICES PO BOX 1534 NEW YORK NY 100081534 CLEANING SERVICES 892966 EINHORN YAFFEE PRESCOTT 201 FULLER ROAD 5TH FLOOR ALBANY NY 12203 ARCHITECT & ENGINEERING 532268 MC SQUARED CONSTRUCTION 11 REDWOOD STREET NEWPORT RI 02841 CONSTRUCTION CONTRACTOR 226541 13 9145585 1050858 9145585 STUDENT SERVICES 611110 20076539 20076539 20076539 2887698 2887698 22160102 28000 14549924 22047 7610178 5953 7616131 7616131 615327 288972 326355 326355 MISCELLANEOUS INCOME 900099 581370 522423 58947 581370 40633678 20598962 58947 10830184 4489213 4489213 987229 83271 575667 328291 9503715 7343074 1214693 945948 736832 624211 13484 99137 2122216 1847460 179304 95452 711997 519171 120680 72146 8533673 8533673 60085 60085 91792 91792 335542 335542 2193678 1997378 139900 56400 191214 32046 609 158559 331901 293788 16769 21344 705606 418196 259665 27745 1651404 1568834 82570 472899 343739 18187 110973 229897 174820 35518 19559 851944 809347 42597 3865146 3671889 193257 315040 26057 288983 EST LEGAL MATTERS 10802718 10802718 DINING SERVICES 2045311 1938044 107267 FACILITY REPAIRS 1136087 1016861 114627 4599 316636 213904 102732 52681775 27197399 23242432 2241944 694736 953626 4709637 4579059 225795 210290 76000 76000 458150 386461 222528 241511 596359 565179 122729067 51617674 67303847 71111393 159139756 157033969 436390 397764 233863198 235555252 7127332 19121261 2849080 3401435 32244773 40915525 2079980 1877127 44301165 65315348 X 66364776 46415525 56008993 56621045 67188264 67203334 189562033 170239904 233863198 235555252 X -12048097 -7459170 185138 X 0 1 X 1 0 X 5751721 6034190 5816220 9642775 9145585 36390491 5751721 6034190 5816220 9642775 9145585 36390491 7086593 29303898 2643125 3123101 3002651 2799150 2887698 14455725 171469 160522 340165 326355 998511 51844727 95422870 0.56520 0.60140 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: SALE OF INVENTORY RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 139858576 4350961 2930828 24285243 122855122 141838371 992715 3274278 6246788 139858576 124136104 1138115 25637813 9073661 141838371 108924257 2012100 16810996 3611249 124136104 111040646 552081 3462249 6130719 108924257 0.13660 0.50350 0.35990 1 0 1809627 1809627 99999434 38318988 61680446 14994672 10427720 4566952 5925334 2870966 3054368 71111393 INVESTMENTS 144442685 F SPLIT INTEREST AGREEMENTS 12591284 F 157033969 DUE TO BENEFICIARIES OF SPLIT INTEREST AGREEMENTS 1877127 1877127 28543409 -7459170 -4920075 -12379245 40922654 -288976 -288976 40633678 47865538 288972 288972 47576566 5105209 5105209 52681775 PART V, LINE 4: THE SCHOOL'S ENDOWMENT CONSISTS OF NUMEROUS FUNDS DONATED OR ESTABLISHED FOR A VARIETY OF PURPOSES. ITS ENDOWMENT FUNDS INCLUDE BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND UNRESTRICTED FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENT FUNDS. THE SCHOOL HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT INTEND TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE INTENDING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. PART XI, LINE 2D - OTHER ADJUSTMENTS: STUDENT AID/TUITION REMISSION -5,105,213. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 185,138. PART XI, LINE 4B - OTHER ADJUSTMENTS: STORE COGS -288,972. ROUNDING -4. PART XII, LINE 2D - OTHER ADJUSTMENTS: STORE COGS 288,972. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID/TUITION REMISSION 5,105,213. ROUNDING -4. 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, OR ATHLETIC AND OTHER SCHOOL-ADMINISTERED PROGRAMS. EUROPE (INCLUDING ICELAND & GREENLAND) 1 5 PROGRAM SERVICES CULTURAL IMMERSION AND SAILING PROGRAM 442251 EUROPE (INCLUDING ICELAND & GREENLAND) PROGRAM SERVICES CULTURAL IMMERSION AND SHORT TERM INTERNSHIPS 60129 1 5 0 0 1 5 502380 0 502380 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 91792 0 91792 RI 1 STUDENT SCHOLARSHIPS - DAY & BOARDING TUITION 111 0 4361100 FMV CREDITS AGAINST TUITION DUE EDUCATIONAL SUPPLIES 68 4455 123658 FMV LAPTOP COMPUTERS, TEXTBOOKS, INSURANCE, ETC. SCHEDULE I, PART I, LINE 2 MOST FUNDS ARE DISTRIBUTED AS CREDITS AGAINST CHARGES ON STUDENT ACCOUNTS, AND ARE MOSTLY FOR PURCHASES OF TUITION, LAPTOP COMPUTERS, TEXTBOOKS OR MEDICAL INSURANCE. THE FINANCIAL AID OFFICERS AND THE STUDENTS' ADVISORS MEET REGULARLY WITH THE STUDENTS RECEIVING AID TO REVIEW ANY EXPENSES. X 1 1 X X X 0 0 0 0 0 0 0 1 0 ERIC F PETERSON HEAD OF SCHOOL 307668 0 75000 0 71551 0 28089 0 152823 0 635131 0 0 0 ELIZABETH F MCGRATH DIRECTOR OF FINANCE/ASST TREAS 154182 0 0 0 480 0 16503 0 10859 0 182024 0 0 0 ROBERT WESTON ASSOCIATE HEAD OF SCHOOL/ASST SEC 151604 0 0 0 0 0 17000 0 56996 0 225600 0 0 0 GEORGE W STAPLES DIRECTOR OF OPERATIONS 149430 0 0 0 0 0 16503 0 93670 0 259603 0 0 0 PATRICIA E MOSS ASSISTANT HEAD FOR ACADEMIC AFFAIRS 148097 0 0 0 480 0 15853 0 9164 0 173594 0 0 0 THOMAS P CALLAHAN DIRECTOR OF MERCK-HORTON CENTER 155846 0 0 0 0 0 17072 0 19316 0 192234 0 0 0 ELIZABETH BICKFORD DEAN OF FACULTY 123968 0 0 0 480 0 13281 0 42692 0 180421 0 0 0 CHRISTOPHER SHAW DEAN OF ACADEMICS 128966 0 0 0 0 0 14350 0 55715 0 199031 0 0 0 PART I, LINE 1A THE ORGANIZATION IS A BOARDING HIGH SCHOOL. HOUSING IS PROVIDED FOR THE CONVENIENCE OF THE ORGANIZATION AS WELL AS A CONDITION OF EMPLOYMENT. 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 NONEAVAIL 2014-08-28 20000000 SEE PART VI 0 0 0 B RHODE ISLAND HEALTH & EDUCATION BUILDING CORPORATION 521300173 NONEAVAIL 2014-08-28 15000000 SEE PART VI 0 0 0 C RHODE ISLAND HEALTH & EDUCATION BUILDING CORPORATION 521300173 NONEAVAIL 2014-08-28 10000000 SEE PART VI 0 0 0 A 20000000 69530 863470 19067000 1 0 1 1 B 15000000 60589 11354482 299929 3285000 1 0 0 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 KRISTA L PETERSON SPOUSE OF OFFICER 64811 EMPLOYMENT 0 ANN R WESTON SPOUSE OF OFFICER 50336 EMPLOYMENT 0 X 52 1050858 FAIR MARKET VALUE 0 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 THE BOARD CHAIR AND THE CHAIR OF THE AUDIT COMMITTEE REVIEW A COMPLETE COPY OF THE TAX RETURN, INCLUDING GIFTS, BEFORE FILING WITH THE IRS. THE AUDIT COMMITTEE REVIEWS A DRAFT OF THE TAX RETURN, EXCLUDING GIFTS, BEFORE FILING. EMAIL NOTIFICATION IS SENT TO ALL TRUSTEES INFORMING THEM THAT THE FINAL VERSION OF THE TAX RETURN, 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. 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 185,138. SG HOLDINGS LLC PO BOX 1910 NEWPORT RI 028400190 464361322 FACULTY HOUSING RI 0 2082006 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