2026-04-29T13:40:47-05:00 2025-06-30 540504608 BROWN EDWARDS & COMPANY LLP 1909 FINANCIAL DRIVE HARRISONBURG VA 22801 990 2024-07-01 540880465 ST ANNE'S-BELFIELD INC STAN 4342965106 2132 IVY ROAD CHARLOTTESVILLE VA 22903 TIM STUTZMAN CFO/COO 4342965106 2026-04-13 1 1 JAMES R FRIES P01320612 5404346736 2026-04-13 2024 2025-03-06 01:10:19Z TIM STUTZMAN 2132 IVY ROAD CHARLOTTESVILLE VA 22903 47144347 0 X WWW.STAB.ORG X 1910 VA WE WISH OUR STUDENTS TO BECOME STRONG IN BODY, BROAD IN MIND, TENDER OF HEART, RESPONSIVE IN SOUL. 22 22 368 55 319131 172828 4707972 1810825 30717700 34331124 4731963 5552549 -354109 952840 39803526 42647338 8125570 9009272 0 0 18737576 20104995 0 0 1861505 10614801 11288696 37477947 40402963 2325579 2244375 141330046 145731531 52008836 51387783 89321210 94343748 X WE ARE A CO-ED PRIVATE BOARDING AND DAY SCHOOL FOR STUDENTS LOCATED IN CHARLOTTESVILLE, VIRGINIA WITH A CHALLENGING ACADEMIC CURRICULA MATCHED WITH UNIQUE AND INNOVATIVE LEARNING OPPORTUNITIES THAT CREATE AN ENVIRONMENT IN WHICH CURIOSITY AND INQUIRY FLOURISH FROM PRE-SCHOOL THROUGH GRADE 12. 0 0 27149275 35156456 ST. ANNE'S-BELFIELD SCHOOL IS AN INDEPENDENT SCHOOL THAT EDUCATES APPROXIMATELY 980 STUDENTS, AGE 2 THROUGH GRADE 12, BOTH DAY AND BOARDING. THE CURRICULUM IS DESIGNED TO PREPARE THE NEXT GENERATION OF EXEMPLARY CITIZENS AND VISIONARY LEADERS THROUGH ACADEMIC EXCELLENCE, STUDENT-LED LEARNING, COMMUNITY-BUILDING OPPORTUNITIES, BROAD CO-CURRICULAR OPTIONS IN ATHLETICS, ARTS, CODING AND COMPUTER SCIENCE, LEADERSHIP DEVELOPMENT AND SERVICE. DAY AND BOARDING STUDENTS REPRESENT 94 ZIP CODES AND 14 COUNTRIES WHO LEARN ABOUT AND FROM EACH OTHER, CONTRIBUTING TO A GLOBAL EDUCATION AND CREATING AN EXPECTATION OF BELONGING BASED ON SHARED HUMAN DIGNITY. 9009272 9009272 FINANCIAL ASSISTANCE IN THE FORM OF TUITION REDUCTIONS IS PROVIDED TO 339 STUDENTS, OVER 34% OF THE STUDENT BODY. 36158547 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 98 0 1 368 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X THE ORGANIZATION 4342965106 2132 IVY ROAD CHARLOTTESVILLE VA 22903 KARI COULING CHAIR 8.00 X X 0 0 0 CHARLES COCKE VICE CHAIR 8.00 X X 0 0 0 MOLLY DUNNINGTON TREASURER 8.00 X X 0 0 0 JOHN MASON SECRETARY 8.00 X X 0 0 0 THAD JONES PAST CHAIR 4.00 X 0 0 0 JANINE DOZIER TRUSTEE 4.00 X 0 0 0 RACHAEL LEMASTERS TRUSTEE 4.00 X 0 0 0 ASHLEY GUNDERSEN TRUSTEE 4.00 X 0 0 0 CHARLIE ROGERS TRUSTEE 4.00 X 0 0 0 PETE HARTWIG TRUSTEE 4.00 X 0 0 0 LIZA BORCHES TRUSTEE 4.00 X 0 0 0 SARAH JOHNS TRUSTEE 4.00 X 0 0 0 MATT MCCORRY TRUSTEE 4.00 X 0 0 0 NICOLE ROBINSON TRUSTEE 4.00 X 0 0 0 ELISABETH ROGERS TRUSTEE 4.00 X 0 0 0 IAN SOLOMON TRUSTEE 4.00 X 0 0 0 CLAY THOMSON TRUSTEE 4.00 X 0 0 0 SALLY MOTT-FREEMAN TRUSTEE 4.00 X 0 0 0 GEORGE CRADDOCK TRUSTEE 4.00 X 0 0 0 DAMIAN KAVANAGH TRUSTEE 4.00 X 0 0 0 KATHARINE MCCOID ROTH TRUSTEE 4.00 X 0 0 0 TEE VALENTINE TRUSTEE 4.00 X 0 0 0 AUTUMN GRAVES HEAD OF SCHOOL 40.00 X 430767 0 95754 TIMOTHY STUTZMAN CFO/COO STARTING 7/22/24 40.00 X 121538 0 14940 SETH KUSHKIN ATHLETIC DIRECTOR 40.00 X 161516 0 42175 RANDOL BENEDICT ASST HEAD OF SCHOOL FOR EN 40.00 X 192573 0 22270 PAMELA ELIZABETH WINTHROP CHIEF ADVANCEMENT OFFICER 40.00 X 233317 0 34988 LISA SMITH CHIEF STRATEGIC COMMUNICAT 40.00 X 151164 0 32925 BETHANY MILLER HEAD OF UPPER SCHOOL 40.00 X 157747 0 21520 SARAH WOODS FORMER CFO/COO 40.00 X 153612 0 16518 1602234 0 281090 16 1 1 0 SAGE DINING SERVICES INC 1402 YORK ROAD LUTHERVILLE MD 21093 DINING SERVICES 1638164 ARTISAN CONSTRUCTION INC 1513 E HIGH STREET CHARLOTTESVILLE VA 22901 CONSTRUCTION 1465999 JAMISON DAVIS & COMPANY LLC PO BOX 4406 CHARLOTTESVILLE VA 22905 CONSTRUCTION 565495 BUDD GROUP INC PO BOX 890856 CHARLOTTE NC 28289 CLEANING SERVICES AND SUPPLIES 480189 MICHEAL JOHNSON CONSTRUCTION PO BOX 441 POWHATAN VA 23139 CONSTRUCTION 196199 8 142914 1667911 120085 1810825 TUITION 611710 28903332 28903332 BOARDING REVENUE 611710 4296876 4296876 AFTER SCHOOL CARE 611710 729941 729941 SUMMER PROGRAMS 611710 230160 230160 SERVICE AND APPLICATION FEES 611710 112350 112350 58465 58465 34331124 1108461 1108461 170647 18478 152169 152169 152169 6912243 325150 2793305 0 4118938 325150 4444088 6019 319131 4118938 55068 142914 73710 -18642 -18642 778422 1611516 -833094 -833094 OTHER RELATED REVENUE 611710 1652407 1652407 1652407 42647338 35156456 319131 5360926 9009272 9009272 813757 81376 406878 325503 15055756 14017927 361818 676011 690086 609033 39261 41792 2330938 2057163 132612 141163 1214458 1071817 69093 73548 54761 54761 38385 38385 472992 472992 2024946 1494536 325265 205145 298186 282861 12771 2554 841288 810799 19340 11149 104553 53484 10442 40627 1243721 1241724 527 1470 2589913 2530086 36259 23568 320000 306398 7213 6389 REPAIRS AND MAINTENANCE 627942 578158 27945 21839 SUPPLIES AND MATERIALS 466200 385670 14448 66082 EQUIPMENT AND FURNISHIN 319135 307312 9688 2135 RECRUITING 271831 67000 204390 441 1614843 1253931 138823 222089 40402963 36158547 2382911 1861505 2539280 2347440 8544298 9021543 2408488 1591667 22069 31160 70814 102272 497938 616359 97351344 40697043 55083357 56654301 70595422 75238427 1568380 128362 141330046 145731531 1541326 1411668 16256552 17219544 32190243 30523510 1708537 1461603 312178 771458 52008836 51387783 X 69648504 77705018 19672706 16638730 89321210 94343748 141330046 145731531 X 2244375 3288113 -509950 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 59084327 131277 7360691 3626942 391538 62557815 56643024 2118210 3673145 2879571 470481 59084327 56980037 1138280 2173747 188190 3098632 362218 56643024 59612486 104563 853066 179180 3004095 406803 56980037 45697463 52937 17787004 178861 3063374 682683 59612486 0.75800 0.17100 0.07100 0 0 1917197 1917197 80585378 29979818 50605560 6045283 4521778 1523505 8803486 6195447 2608039 56654301 INVESTMENTS - PARTNERSHIPS 75238427 F 75238427 INTEREST RATE SWAP LIABILITY 425523 ANNUITY LIABILITY 173897 FUNDS HELD FOR SCHOOL-RELATED ORGS 172038 771458 X 37646941 3288113 1193754 4481867 33165074 472992 9009272 9482264 42647338 32624403 1703704 1703704 30920699 472992 9009272 9482264 40402963 PART V, LINE 4: THE SCHOOL'S ENDOWMENT CONSISTS OF APPROXIMATELY 30 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. THE ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS ESTABLISHED FOR SCHOLARSHIPS AND OPERATIONAL USES AS WELL AS FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. PART X, LINE 2: THE SCHOOL HAS REVIEWED AND EVALUATED THE RELEVANT TECHNICAL MERITS OF EACH OF ITS TAX POSITIONS IN ACCORDANCE WITH GUIDANCE ESTABLISHED BY THE FINANCIAL ACCOUNTING STANDARDS BOARD AND DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT WOULD HAVE A MATERIAL IMPACT ON THE FINANCIAL STATEMENTS OF THE SCHOOL. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SWAP AND SPLIT INTEREST AGREEMENT -509,950. COST OF GOODS NETTED AGAINST REVENUE 1,611,516. RENTAL EXPENSES NETTED AGAINST REVENUE 18,478. FUNDRAISING EXPENSES NETTED AGAINST REVENUE 73,710. ROUNDING PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID - TUITION REDUCTIONS 7,017,616. BOARDING AID 1,991,656. REVENUE ACCOUNTS INCLUDED IN LIABILITIES ON AUDIT PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS NETTED AGAINST REVENUE 1,611,516. RENTAL EXPENSES NETTED AGAINST REVENUE 18,478. FUNDRAISING EXPENSES NETTED AGAINST REVENUE 73,710. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID - TUITION REDUCTIONS 7,017,616. BOARDING AID 1,991,656. ROUNDING 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 A STATEMENT OF THE NONDISCRIMANATORY POLICY OF ST. ANNE'S BELFIELD, INC. IS PRINTED ON ALL CATALOGUES, APPLICATIONS, NOTIFICATIONS AND OTHER SIGNIFICANT PUBLICATIONS OF THE SCHOOL. IN ORDER TO ASSIST IN RECRUITING A STUDENT BODY WHICH REFLECTS A BROAD SOCIAL AND ECONOMIC BACKGROUND, ALL SUCH MATERIALS CONTAIN A CLEAR STATEMENT OF THE SCHOOL'S NONDISCRIMINATORY POLICIES AS APPLIED TO ALL ASPECTS OF SCHOOL LIFE. A SPECIAL EMPHASIS IS MADE OF THESE POLICIES IN THE AREAS OF ADMISSIONS AND FINANCIAL AID. GALA 197982 142914 55068 16321 9700 47689 197982 142914 55068 16321 9700 47689 73710 -18642 1 TUITION REDUCTIONS-FINANCIAL AID 339 9009272 BOOK VALUE THE SCHOOL PROVIDED NON-CASH FINANCIAL AID TO STUDENTS IN THE FORM OF REDUCED TUITION. X X 1 0 X X X 0 1 0 0 0 0 0 0 0 AUTUMN GRAVES HEAD OF SCHOOL 365700 0 36050 0 29017 0 18729 0 77025 0 526521 0 0 0 PAMELA ELIZABETH WINTHROP CHIEF ADVANCEMENT OFFICER 233317 0 0 0 0 0 5200 0 29788 0 268305 0 0 0 RANDOL BENEDICT ASST HEAD OF SCHOOL FOR EN 177573 0 15000 0 0 0 9629 0 12641 0 214843 0 0 0 SETH KUSHKIN ATHLETIC DIRECTOR 161516 0 0 0 0 0 8076 0 34099 0 203691 0 0 0 LISA SMITH CHIEF STRATEGIC COMMUNICAT 151164 0 0 0 0 0 7558 0 25367 0 184089 0 0 0 BETHANY MILLER HEAD OF UPPER SCHOOL 157747 0 0 0 0 0 12620 0 8900 0 179267 0 0 0 SARAH WOODS FORMER CFO/COO 153612 0 0 0 0 0 7558 0 8960 0 170130 0 1 0 A ECONOMIC DEVELOPMENT AUTHORITY OF ALBEMARLE COUNTY VIRGINIA 521297503 2010-12-01 30000000 SEE PART VI 0 0 0 B ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF CHARLOTTESVILLE VIRGINIA 541187150 2013-08-01 15000000 SEE PART VI 0 0 0 C ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF CHARLOTTESVILLE VIRGINIA 541187150 2023-09-01 3000000 SEE PART VI 0 0 0 A 12715000 30000000 30000000 2010 1 0 0 1 B 4246629 15000000 240468 14759532 2016 0 0 0 1 C 140000 3000000 3000000 2023 0 0 0 1 A 0 1 1 1 0 0.00010 0.00010 0 0 1 B 0 1 1 1 0 0.00010 0.00010 0 0 1 C 0 1 1 1 0 0.00010 0.00010 0 0 1 A 0 0 1 0 1 0 0 0 1 B 0 0 0 1 1 0 0 0 1 C 0 0 0 1 1 0 0 0 1 A 1 B 1 C 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF CHARLOTTESVILLE, DATE THE REBATE COMPUTATION WAS PERFORMED: 12/03/2019 SCHEDULE K, PART I, LINE A, COLUMN (D): THE ECONOMIC DEVELOPMENT AUTHORITY OF ALBEMARLE COUNTY, VIRGINIA'S VARIABLE RATE EDUCATIONAL FACILITIES REVENUE REFUNDING BONDS (ST. ANNE'S BELFIELD, INC.) SERIES 2009 (THE "SERIES 2009 BONDS) WERE ORIGINALLY ISSUED ON AUGUST 11, 2009. ON DECEMBER 1, 2010 (THE "REISSUANCE DATE"), THE SERIES 2009 BONDS WERE DEEMED REISSUED FOR FEDERAL TAX PURPOSES UNDER SECTION 1001 OF THE INTERNAL REVENUE CODE. SCHEDULE K, PART I, LINE A, COLUMN (F): THE PAR AMOUNT OF THE SERIES 2009 BONDS WAS DEEMED SPENT ON THE REISSUANCE DATE TO REFUND THE SERIES 2009 BONDS THAT WERE OUTSTANDING ON THAT DATE. THE SERIES 2009 BONDS WERE ORIGINALLY ISSUED TO CURRENTLY REFUND THE OUTSTANDING PRINCIPAL AMOUNT OF THE ECONOMIC DEVELOPMENT AUTHORITY OF ALBEMARLE COUNTY , VIRGINIA'S VARIABLE RATE EDUCATIONAL FACILITIES REVENUE BONDS (ST. ANNE'S BELFIELD, INC.), SERIES 2008 (THE "SERIES 2008 BONDS"). THE PROCEEDS OF THE SERIES 2008 BONDS WERE USED TO FINANCE CERTAIN CAPITAL IMPROVEMENTS AT ST. ANNES' BELFIELD'S ("THE BORROWER") FACILITIES, PRIMARILY CONSISTING OF THE ACQUISITION, CONSTRUCTION AND EQUIPPING OF A NEW ACADEMIC VILLAGE FOR STUDENTS IN PRE-SCHOOL THROUGH 8TH GRADE AND TO FINANCE COSTS OF ISSUING THE SERIES 2008 BONDS. SCHEDULE K, PART I, LINE B, COLUMN (F): THE PROCEEDS OF THE 2013 SERIES BONDS WERE USED TO FINANCE CERTAIN CAPITAL IMPROVEMENTS AT ST. ANNE'S-BELFIELD, INC. ("THE BORROWER") UPPOER SCHOOL FACILITIES. THE SERIES 2013 BONDS WERE ISSUED AS DRAW-DOWN BONDS: THEREFORE, PART II, COLUMN B WILL NOT REFLECT ANY INVESTMENT EARNINGS ON THE SERIES 2013 BOND PROCEEDS. SCHEDULE K, PART II, COLUMN A, LINE 3: THIS AMOUNT REPRESENTS THE PAR AMOUNT OF THE REISSUED SERIES 2009 BONDS, WHICH WERE DEEMED SPENT ON THE REISSUANCE DATE TO REFUND THE SERIES 2009 BONDS THAT WERE OUTSTANDING ON THAT DATE. SEE NOTE RELATED TO PART I, LINE A, COLUMN (F). SCHEDULE K, PART II, COLUMN A, LINE 11: THIS AMOUNT REPRESENTS THE PAR AMOUNT OF THE REISSUED 2009 BONDS, WHICH WERE DEEMED SPENT ON THE REISSUANCE DATE TO REFUND THE SERIES 2009 BONDS THAT WERE OUTSTANDING ON THAT DATE. SEE NOTE RELATED TO PART I, LINE A. COLUMN (F). SCHEDULE K, PART I, LINE B, COLUMN (F): THE PROCEEDS OF THE 2023 BONDS WERE USED TO FINANCE THE LOURIE LEARNING CENTER WHICH IS THE SCHOOL'S NEWEST LEARNING AND COMMUNITY GATHERING SPACE. X 16 103309 MARKET VALUE ON RECEIPT X AUCTION ITEMS 4 12240 COST X SUPPLIES 2 4536 COST 0 1 1 PART I, LINE 32B: THE SCHOOL USES BROKERS TO SELL PUBLICLY TRADED SECURITIES WHEN RECEIVED. FORM 990, PART VI, SECTION B, LINE 11B THE PUBLIC VERSION OF FORM 990 WAS SHARED ELECTRONICALLY WITH ALL BOARD MEMBERS FOR THEIR REVIEW IN ADVANCE OF THE FILING. A FULL COPY OF THE 990 IS AVAILABLE TO TRUSTEES IN THE HEAD OF SCHOOL OFFICE UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, EACH MEMBER OF THE BOARD OF TRUSTEES SIGNS A STATEMENT WHICH AFFIRMS THAT HE/SHE HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, THAT HE/SHE HAS READ AND UNDERSTANDS THE POLICY, THAT HE/SHE AGREES TO COMPLY WITH THE POLICY, AND THAT HE/SHE UNDERSTANDS THAT THE SCHOOL MUST ENGAGE PRIMARILY IN ACTIVITIES THAT ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. PERIODIC REVIEWS ARE CONDUCTED TO DETERMINE IF POTENTIAL CONFLICTS OF INTEREST EXIST AND SHOULD BE EVALUATED. THE CONFLICT OF INTEREST POLICY CONTAINS SPECIFIC PROCEDURES TO ADDRESS PROPOSED TRANSACTIONS OR ARRANGEMENTS THAT MIGHT GIVE RISE TO A CONFLICT OF INTEREST AND SPECIFIC PROCEDURES TO ADDRESS POTENTIAL VIOLATIONS OF THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15A A COMMITTEE WAS FORMED BY THE BOARD TO PREPARE A LONG-TERM EMPLOYMENT CONTRACT FOR THE HEAD OF THE SCHOOL. THIS COMMITTEE, IN CONSULTATION WITH VARIOUS PROFESSIONALS, DESIGNED THE CONTRACT AND PRESENTED IT TO THE FULL BOARD. THE CONTRACT WAS APPROVED BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 18 THE SCHOOL'S 1023, 990, AND 990-T ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS CAN BE DISTRIBUTED TO THE PUBLIC UPON REQUEST. HOWEVER, ALL REQUESTS ARE SUBJECT TO THE APPROVAL OF THE HEAD OF SCHOOL AND THE SCHOOL'S CONSIDERATION OF THE INTENDED USE OF THE DOCUMENTS. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SWAP AND SPLIT I -509,950. REVENUE ACCOUNTS INCLUDED IN LIABILITIES ON AUDIT ROUNDING FORM 990, PART XII, LINE 2C: THERE HAS BEEN NO CHANGE TO THE PROCESS FROM THE PRIOR YEAR. MAWI PROPERTIES 2132 IVY ROAD CHARLOTTESVILLE VA 22903 REAL ESTATE VA ST ANNE'S-BELFIELD INC