2015-02-16T07:22:13-06:00 2014-06-30 061009205 BLUM SHAPIRO & COMPANY PC CPA'S 29 S MAIN STREET PO BOX 272000 WEST HARTFORD CT 061272000 990 2013-07-01 050259009 ST GEORGE'S SCHOOL STGE 4018477565 PO BOX 1910 NEWPORT RI 028400190 ELIZABETH F MCGRATH DIRECTOR OF FINANCE 4018477565 2015-02-12 1 ELIZABETH SOLECKI P00235171 8605614000 2015-02-10 2013 2016-03-07 17:11:31Z ELIZABETH F MCGRATH 372 PURGATORY ROAD MIDDLETOWN RI 02842 58726243 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. 26 25 261 250 36125 -446 6034190 5816220 17907393 19011384 6237980 10947120 734844 692115 30914407 36466839 3596196 4073022 0 0 12790617 13540830 0 223472 2390438 13982628 13443564 30369441 31280888 544966 5185951 195282099 219002510 27375949 29826008 167906150 189176502 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 25149280 4073022 19506852 ST. GEORGE'S SCHOOL PRIMARILY PROVIDES INSTRUCTION AND STUDENT EDUCATION SUPPORT TO STUDENTS IN GRADES 9-12. 25149280 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 1 0 1 0 0 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 62 0 1 261 1 1 1 0 0 0 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 X ELIZABETH F MCGRATH DIRECTOR OF F 4018426785 372 PURGATORY ROAD MIDDLETOWN RI 02842 ERIC PETERSON HEAD OF SCHOOL 50.00 X X 382712 0 141988 RUDOLPHUS BETHEA JR INDIVIDUAL TRUSTEE 2.00 X 0 0 0 WILLIAM G DEAN 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 FRANCIS S BRANIN JR BOARD CHAIR 2.00 X X 0 0 0 LESLIE BATHGATE HEANEY INDIVIDUAL TRUSTEE 2.00 X 0 0 0 JOSEPH C HOOPES JR INDIVIDUAL TRUSTEE 2.00 X 0 0 0 BETTS HOWES MURRAY SECRETARY 2.00 X 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 RICHARD A WAYNER INDIVIDUAL TRUSTEE 2.00 X 0 0 0 CHARLES K WILLIAMS II INDIVIDUAL TRUSTEE 2.00 X 0 0 0 TIMOTHY P BURNS INDIVIDUAL TRUSTEE 2.00 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 PAMELA G LAYTON 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 DRAYTON T VIRKLER INDIVIDUAL TRUSTEE 2.00 X 0 0 0 ROBIN GRACE WARREN INDIVIDUAL TRUSTEE 2.00 X 0 0 0 ELIZABETH F MCGRATH DIRECTOR OF FINANCE/ASST TREASURER 50.00 X 145110 0 25740 ROBERT G WESTON ASSOCIATE HEAD OF SCHOOL/ASST SECRETARY 50.00 X 142405 0 121817 GEORGE STAPLES DIRECTOR OF OPERATIONS 50.00 X 143021 0 56247 PATRICIA E MOSS ASSISTANT HEAD FOR ACADEMIC AFFAIRS 50.00 X 143891 0 26740 THOMAS P CALLAHAN DIRECTOR OF THE MERCK-HORTON CENTER 30.00 X 146719 0 30396 DEB FOPPERT TEACHER 50.00 X 144370 0 43956 JAMES BULLOCK TEACHER 50.00 X 135791 0 32989 1384019 0 479873 9 0 1 0 SAGE DINING SERVICES INC 222 BOSLEY AVENUE SUITE B7 TOWNSON MD 21204 DINING SERVICES 1660254 SHAWMUT DESIGN AND CONSTRUCTION SUITE A 275 - 3 DAVOL SQUARE PROVIDENCE RI 02903 CONSTRUCTION CONTRACTOR 1217118 ABM JANITORIAL SERVICES PO BOX 1534 NEW YORK NY 100081534 CLEANING SERVICES 713125 COASTAL ELECTRIC PO BOX 3605 NEWPORT RI 02840 ELECTRICAL CONTRACTOR 211154 VIKING MOTOR TOURS PO BOX 330 NEWPORT RI 02840 BUS SERVICES 143291 8 5816220 821607 5816220 STUDENT SERVICES 611110 19011384 19011384 19011384 3002651 3002651 30203873 22239034 20370 7964839 -20370 7944469 7944469 160522 0 160522 160522 MISCELLANEOUS INCOME 900099 531593 495468 36125 531593 36466839 19506852 36125 11107642 4073022 4073022 872580 79354 483765 309461 9019301 7044036 1118419 856846 938484 737343 104294 96847 2033712 1893446 79276 60990 676753 506094 106352 64307 71065 71065 57750 57750 223472 223472 322767 322767 2076981 1768257 71611 237113 243805 56240 757 186808 322092 284067 15765 22260 580289 357804 205899 16586 1180544 1121517 59027 590502 462106 12691 115705 305522 208674 31268 65580 375908 357113 18795 3274832 3111090 163742 343478 27450 316028 DINING SERVICES 1852699 1806413 46286 FACILITY REPAIRS 729926 675428 51041 3457 1115404 579826 450858 84720 31280888 25149280 3741170 2390438 381205 865874 2431875 2210683 148059 176749 171000 133000 474777 491233 216488 234545 394263 664188 96259594 45116752 47671221 51142842 142871610 162663647 521601 419749 195282099 219002510 2917707 3353710 3117521 3156441 17140000 16560000 855000 3182500 3345721 3573357 27375949 29826008 X 62958133 67799376 40089443 54874196 64858574 66502930 167906150 189176502 195282099 219002510 X 5185951 14981567 1102834 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 124136104 1138115 25637813 9073661 141838371 108924257 2012100 16810996 3611249 124136104 111040646 552081 3462249 6130719 108924257 92289352 1707137 22998584 5954427 111040646 84827067 2501892 11508047 6547654 92289352 0.24200 0.42810 0.32990 1 0 1891488 1891488 73382574 33505620 39876954 12934367 9078228 3856139 8051165 2532904 5518261 51142842 INVESTMENTS 149622224 F SPLIT INTEREST AGREEMENTS 13041423 F 162663647 INTEREST RATE SWAP 1341349 DUE TO BENEFICIARIES OF SPLIT INTEREST AGREEMENTS 2232008 3573357 47746368 14981567 -3702038 11279529 36466839 0 36466839 26476016 0 26476016 4804872 4804872 31280888 PART V, LINE 4: THE SCHOOL'S ENDOWMENT CONSISTS OF NUMEROUS FUNDS 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 ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. PART XI, LINE 2D - OTHER ADJUSTMENTS: STUDENT AID/TUITION REMISSION -4,804,872. UNREALIZED GAIN ON INTEREST RATE HEDGING RELATED TO BONDS 18,623. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 1,084,211. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT AID/TUITION REMISSION 4,804,872. 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 MALE AND FEMALE STUDENTS OF ANY RELIGION, RACE, COLOR, SEXUAL ORIENTATION, 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. X X X X 1 COMMUNITY COUNSELING SERVICE CO LLC 461 FIFTH AVENUE NEW YORK NY 10017 CAMPAIGN MANAGEMENT SERVICES 0 0 223472 0 223472 RI 1 STUDENT SCHOLARSHIPS - DAY & BOARDING TUITION 103 3934744 FMV CREDITS AGAINST TUITION DUE EDUCATIONAL SUPPLIES 59 5103 133175 FMV LAPTOP COMPUTERS, TEXTBOOKS, INSURANCE, ETC. SCHEDULE I, PART I, LINE 2 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 1 0 0 0 0 0 0 1 0 ERIC PETERSON HEAD OF SCHOOL 283096 0 68000 0 31616 0 31724 0 110264 0 524700 0 0 0 ELIZABETH F MCGRATH DIRECTOR OF FINANCE/ASST TREASURER 144630 0 0 0 480 0 16269 0 9471 0 170850 0 0 0 ROBERT G WESTON ASSOCIATE HEAD OF SCHOOL/ASST SECRET 142405 0 0 0 0 0 16720 0 105097 0 264222 0 0 0 GEORGE STAPLES DIRECTOR OF OPERATIONS 139521 0 0 0 3500 0 16654 0 39593 0 199268 0 0 0 PATRICIA E MOSS ASSISTANT HEAD FOR ACADEMIC AFFAIRS 143411 0 0 0 480 0 16269 0 10471 0 170631 0 0 0 THOMAS P CALLAHAN DIRECTOR OF THE MERCK-HORTON CENTER 146719 0 0 0 0 0 16830 0 13566 0 177115 0 0 0 DEB FOPPERT TEACHER 48210 0 0 0 96160 0 14714 0 29242 0 188326 0 0 0 JAMES BULLOCK TEACHER 52290 0 0 0 83501 0 15217 0 17772 0 168780 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 4A DEB FOPPERT RECEIVED SEVERANCE OF $96,160 DURING CALENDAR YEAR 2013. JAMES BULLOCK RECEIVED SEVERANCE OF $83,501 DURING CALENDAR YEAR 2013. PART I, LINE 7 THE HEAD OF SCHOOL'S BONUS IS DETERMINED BY THE BOARD CHAIR, AND SUBSEQUENTLY REVIEWED BY THE COMPENSATION COMMITTEE, BASED ON ACHIEVEMENT OF PERFORMANCE GOALS. A RHODE ISLAND HEALTH & EDUCATION BUILDING CORPORATION 521300173 762195CH6 2003-10-22 18000000 SEE PART IV 0 0 0 B RHODE ISLAND HEALTH & EDUCATION BUILDING CORPORATION 521300173 NONEAVAIL 2010-12-29 4000000 SEE PART IV 0 0 0 A 5020000 18000000 166324 32884 6251271 11549521 1 0 1 1 B 420000 4000000 4000000 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 A 0 0 0 1 1 0 0 0 1 B 0 0 0 1 1 0 0 0 1 A 1 B 1 SCHEDULE K, SUPPLEMENTAL INFORMATION SCHEDULE K, SUPPLEMENTAL INFORMATION: THE PROJECT FOR BOND A CONSISTS PRIMARILY 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 APPROXIMATELY $11,575,000 OF OUTSTANDING DEBT FROM THE SCHOOL'S SERIES 2000 BOND ISSUE. THE PROJECT FOR BOND B CONSISTS ENTIRELY OF REFUNDING A $4 MILLION LINE OF CREDIT NOTE ISSUED ON 11/29/2007. SCHEDULE K, PART II, LINE 11: BOND PROCEEDS WERE USED TO REFUND PRIOR ISSUES. SCHEDULE K, PART IV, LINE 2C: REBATE COMPUTATION WAS PERFORMED ON 12/31/2012. ERIC F PETERSON HEAD OF SCHOOL MORTGAGE FOR PURCHASE OF RESIDENCE X 190000 133000 0 1 1 133000 KRISTA L PETERSON SPOUSE OF OFFICER 60800 EMPLOYMENT 0 ANN R WESTON SPOUSE OF OFFICER 47314 EMPLOYMENT 0 X 63 821607 FAIR MARKET VALUE X WINDOWS 1 0 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 REGULARLY 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: UNREALIZED GAIN ON INTEREST RATE HEDGE 18,623. CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS 1,084,211. FORM 990, PART XII, LINE 2C: FORM 990, PART XII, LINE 2C: THE PROCESS PERFORMED BY THE AUDIT COMMITTEE IN ORDER TO ASSUME RESPONSIBILITY FOR THE AUDITED FINANCIAL STATEMENTS HAS NOT CHANGED SINCE THE PRIOR YEAR. SG HOLDINGS LLC PO BOX 1910 NEWPORT RI 028400190 464361322 FACULTY HOUSING RI 14705 2117398 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