2024-04-23T19:31:49-05:00 2023-06-30 383635706 REHMANN ROBSON LLC 5070 HIGHWAY A1A STE 250 VERO BEACH FL 32963 990 2022-07-01 591059214 SAINT EDWARD'S SCHOOL INC SAIN 7724922313 1895 SAINT EDWARDS DRIVE VERO BEACH FL 32963 DARREN SYLVIA TREASURER 7724922313 2024-04-19 1 DARREN SYLVIA 999009999 0 DEBORAH A CRUM CPA P00282890 7722348484 2024-04-19 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z STUART HIRSTEIN HEAD OF 1895 SAINT EDWARDS DRIVE VERO BEACH FL 32963 19746611 0 X STEDS.ORG X 1965 FL SAINT EDWARD'S SCHOOL IS A COMMUNITY AND CULTURE WHICH PROMOTES LIFE-LONGLEARNING BY DEVELOPING CRITICAL THINKING, COLLABORATION, AND A THOROUGHPREPARATION FOR COLLEGE AND THE FUTURE. FOUNDED UPON THE EPISCOPALTRADITION, THE FOCUS IS ON THE WHOLE CHILD, LED BY A STRONG FACULTY WHOWORK TO HELP ALL STUDENTS REACH THEIR FULL POTENTIAL IN THE CLASSROOM AND BEYOND. 16 15 323 200 251006 0 3240851 1585192 16570155 17739987 28238 56728 167912 164857 20007156 19546764 2435079 2719059 0 0 9378102 10315777 0 0 780626 5679171 6900736 17492352 19935572 2514804 -388808 54393636 55142036 7979601 7266727 46414035 47875309 X SAINT EDWARD'S SCHOOL IS A COMMUNITY AND CULTURE WHICH PROMOTES LIFE-LONG LEARNING BY DEVELOPING CRITICAL THINKING, COLLABORATION, AND A THOROUGH PREPARATION FOR COLLEGE AND THE FUTURE. FOUNDED UPON THE EPISCOPAL TRADITION, THE FOCUS IS ON THE WHOLE CHILD, LED BY A STRONG FACULTY WHO WORK TO HELP ALL STUDENTS REACH THEIR FULL POTENTIAL IN THE CLASSROOM AND BEYOND. 0 0 14245254 2719059 17178403 ST. EDWARD'S SCHOOL PROVIDES EDUCATION FOR PRIMARY, INTERMEDIATE AND SECONDARY STUDENTS. APPROXIMATELY 674 STUDENTS WERE SERVED. 999985 592200 ST. EDWARD'S SCHOOL PROVIDES SEVERAL AUXILIARY SERVICES SUCH AS A SUMMER CAMP PROGRAM, RECREATIONAL/CLUB SWIM TEAM, TUTORIAL CENTER, AND EXTENDED DAY CARE. 15245239 1 1 0 0 0 1 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 1 102 0 1 323 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 16 15 0 0 1 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X JENNIFER WYLY 7724922313 1895 ST EDWARDS DR VERO BEACH FL 32963 X ADAM LOGEMANN TRUSTEE 2.00 X 0 0 0 ANDREW RUSSELL TRUSTEE 2.00 X 0 0 0 JOHN HURYN TRUSTEE 2.00 X 0 0 0 DARREN SYLVIA TREASURER/SECRETARY 8.00 X X 0 0 0 ELSON SMITH TRUSTEE 2.00 X 0 0 0 RICHARD SAMETH TRUSTEE 2.00 X 0 0 0 JOHN LOWENBERG TRUSTEE 2.00 X 0 0 0 JASON ORZECHOWSKI TRUSTEE 2.00 X 0 0 0 GREG ROSENCRANCE TRUSTEE 2.00 X 0 0 0 RICHARD MCDERMOTT VICE-CHAIR 8.00 X X 0 0 0 ROMAN ORTEGA-COWAN TRUSTEE 2.00 X 0 0 0 STUART ROGERS TRUSTEE 2.00 X 0 0 0 WENDY PORTER CHAIR 8.00 X X 0 0 0 STUART HIRSTEIN HEAD OF SCHOOL 40.00 X 291526 0 35783 BETH ZAMERSKI ASSOC HEAD OF SCHOOL-FINAN 40.00 X 169829 0 18763 JOHN MACMULLAN HEAD OF UPPER SCHOOL 40.00 X 169497 0 18482 LOUISE DUNN HEAD OF LOWER SCHOOL 40.00 X 121814 0 14780 QUENTIN VOYLES DIRECTOR OF TECHNOLOGY 40.00 X 120587 0 14692 873253 0 102500 8 0 1 0 FLIK INDEPENDENT SCHOOLS PO BOX 50196 LOS ANGELES CA 90074 FOOD SERVICES 715020 CEM AQUATICS 3154 S WASHINGTON STREET SALK LAKE CITY UT 81115 POOL CONSTRUCTION 694704 A&T EUROPE SPA C/O MYRTHA POOLS USA 1800 2ND ST SARASOTA FL 34236 POOL CONSTRUCTION 471420 MAIN STAGE THEATRICAL SUPPLY INC PO BOX 10609 PENSACOLA FL 32524 THEATRE CURTAINS 194570 NGU SPORTS LIGHTING LLC 2401 PGA BLVD SUITE 110 PALM BEACH GARDENS FL 33410 ATHLETIC FIELD LIGHTING 185400 9 305458 1279734 143637 1585192 TUITION & FEES 611110 17033622 17033622 AUXILIARY SERVICES - EXEMPT 611110 356920 356920 AUXILIARY SERVICES - TAXABLE 713990 251006 251006 OTHER PROGRAM REVENUE 611110 98439 98439 17739987 75494 75494 300 19066 -18766 -18766 -18766 210283 305458 94808 115475 115475 133900 85973 47927 47927 RENTAL INCOME 531190 1455 1455 1455 19546764 17519597 251006 190969 2719059 2719059 312763 218934 93829 8079228 6157916 1613944 307368 415762 265741 131001 19020 859825 549875 270593 39357 648199 412287 206403 29509 147125 147125 72088 72088 1310 1310 64824 64824 113624 10661 102963 308771 135535 135799 37437 428869 384154 40039 4676 83 83 1046281 827609 198793 19879 1169912 1048063 109106 12743 FACILITIES EXPENSES 1384557 1210518 154494 19545 SPORTS 405641 405641 LUNCH PROGRAM 276197 276197 DISCRETIONARY FUND 145379 145379 1336075 696604 442208 197263 19935572 15245239 3909707 780626 7 15228357 13490003 147165 107775 803605 466045 21331 22116 36165868 22891289 13475439 13274579 23598501 25008871 32031 1119231 2740616 54393636 55142036 715514 480093 7015853 6652822 248234 133812 7979601 7266727 X 28168752 29286477 18245283 18588832 46414035 47875309 54393636 55142036 X -388808 1848349 1733 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 402599 1 1 16528673 96850 1182397 549345 17258575 19587411 202268 -2787906 473100 16528673 14458528 518368 5002016 391501 19587411 14175189 591352 77289 385302 14458528 13349897 695271 459762 329741 14175189 1.00000 0 0 695256 695256 25651987 15409810 10242177 3413124 2290133 1122991 6405501 5191346 1214155 13274579 BOOK RESERVE- LOWER SCHOOL TEXTS -49416 BAND EQUIPMENT MAINTENANCE RESERVE 1958 TABLET DEPOSITS 26504 A/P-L/S DISCRETIONARY FUND 20282 A/P-M/S DISCRETIONARY FUND 62616 A/P-U/S DISCRETIONARY FUND 5620 RESERVE FOR LACROSSE 5000 STUDENT ACTIVITY-CLUB FUNDS 11595 RESERVE FOR LEARNING SUPPORT SERVIC 4601 RESERVE FOR LS BOX TOPS 1229 RESERVE FOR US LIBRARY 11151 SCIENCE NATIONAL HONOR SOCIETY RESE 888 SUPERFANS CLUB 773 RESERVE FOR FOOTBALL 713 LEASE LIABILITY 30298 133812 X 18776370 1848349 100316 1948665 16827705 2719059 2719059 19546764 17315096 98583 98583 17216513 2719059 2719059 19935572 PART V, LINE 4: PROGRAM SUPPORT FUNDS ENHANCE THE CURRICULUM AND SUPPORT PROGRAMS VITAL TO THE SCHOOL'S MISSION. FACULTY SUPPORT FUNDS RECOGNIZE THAT A VITAL AND ENERGIZED FACULTY ARE THE HALLMARK OF AN EXCEPTIONAL INDEPENDENT SCHOOL. THESE GIFTS NOURISH AND STRENGTHEN THE FACULTY AS WELL AS HONOR THEIR MANY ACHIEVEMENTS. FACILITY SUPPORT FUNDS ENSURE THE STEWARSHIP OF THE PHYSICAL RESROUCES. STUDENT SUPPORT FUNDS PROVIDE FINANCIAL ASSISTANCE SO THAT TALENTED STUDENTS THROUGHOUT THE COMMUNITY ARE ABLE TO ATTEND SAINT EDWARD'S SCHOOL. PART X, LINE 2: THE SCHOOL ANALYZES ITS INCOME TAX FILING POSITIONS IN THE FEDERAL AND STATE JURISDICTIONS WHERE IT IS REQUIRED TO FILE INCOME TAX RETURNS, AS WELL AS ALL OPEN TAX YEARS IN THESE JURISDICTIONS, TO IDENTIFY POTENTIAL UNCERTAIN TAX POSITIONS. THE SCHOOL TREATS INTEREST AND PENALTIES ATTRIBUTABLE TO INCOME TAXES, AND REFLECTS ANY CHARGES FOR SUCH, TO THE EXTENT THEY ARISE, AS A COMPONENT OF ITS MANAGEMENT AND GENERAL EXPENSES. THE SCHOOL IS A NOT-FOR-PROFIT ORGANIZATION EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM SIMILAR STATE AND LOCAL TAXES. THE SCHOOL HAS BEEN CLASSIFIED AS NOT A PRIVATE FOUNDATION. ALTHOUGH THE SCHOOL WAS GRANTED INCOME TAX EXEMPTION BY THE INTERNAL REVENUE SERVICE, SUCH EXEMPTION DOES NOT APPLY TO "UNRELATED BUSINESS TAXABLE INCOME". SUCH INCOME, PURSUANT TO THE INTERNAL REVENUE CODE AND RELATED REGULATIONS, INCLUDES PROGRAM INCOME AND INVESTMENT INCOME SUCH AS INTEREST RECEIVED FROM SOURCES OTHER THAN DIRECTLY FROM DONORS OR GRANTORS. THE SCHOOL HAS EVALUATED ITS INCOME TAX FILING POSITIONS FOR FISCAL YEARS 2020 THROUGH 2023, THE YEARS THAT REMAIN SUBJECT TO EXAMINATION AS OF JUNE 30, 2023. THE SCHOOL CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION IN THE SCHOOL'S FINANCIAL STATEMENTS. THE SCHOOL DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS ("UTB") (E.G. TAX DEDUCTIONS, EXCLUSIONS OR CREDITS CLAIMED OR EXPECTED TO BE CLAIMED) TO SIGNIFICANTLY CHANGE IN THE NEXT TWELVE MONTHS. THE SCHOOL DOES NOT HAVE ANY AMOUNTS ACCRUED FOR INTEREST AND PENALTIES RELATED TO UTBS AT JUNE 30, 2023 OR 2022, AND IS NOT AWARE OF ANY CLAIMS FOR SUCH AMOUNTS BY FEDERAL OR STATE INCOME TAX AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: RECLASSIFICATION DIFFERENCE 100,316. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID & EMPLOYEE TUITION REMISSION 2,719,059. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASSIFICATION DIFFERENCE 100,316. AMORTIZATION ROU -1,733. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AND EMPLOYEE TUITION REMISSION 2,719,059. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 ST. EDWARD'S NON-DISCRIMINATORY POLICY IS PUBLICIZED WHEN SOLICITING FOR STUDENTS AND IN ALL ON-CAMPUS EVENT PROGRAMS AND BROCHURES. SCHEDULE E, PART I, LINE 5 THE SCHOOL ACCEPTS THE FLORIDA SCHOLARSHIPS THAT WERE APPROVED BY THE STATE LEGISLATURE ON 7/1/2023, INCLUDING STEP UP FOR STUDENTS - E/O AND UA. IN ADDITION, IT RECEIVES SCHOLARSHIPS FROM AAA AS WELL AS FLORIDA TAX CREDIT. ANNUAL BENEFIT 358066 305458 52608 6000 800 14444 25922 PARENTS ASSOCIATION 157675 157675 47642 515741 305458 210283 6000 800 14444 73564 94808 115475 1 FINANCIAL AID-EXISTING STUDENTS 150 1908461 BENEFIT- EMPLOYEE TUITION REMISSION 61 810598 SCHEDULE I - PART III TUTION REMISSION AND FINANCIAL AID ARE A REDUCTION OF THE STUDENT'S TUITION AND NO MONEY IS DIRECTLY PAID TO THE STUDENTS OR PARENTS. X X X X 1 1 X X X X 0 1 0 0 0 0 0 1 0 STUART HIRSTEIN HEAD OF SCHOOL 289644 0 0 0 1882 0 27379 0 8404 0 327309 0 0 0 BETH ZAMERSKI ASSOC HEAD OF SCHOOL-FINAN 169829 0 0 0 0 0 10190 0 8573 0 188592 0 0 0 JOHN MACMULLAN HEAD OF UPPER SCHOOL 169497 0 0 0 0 0 10170 0 8312 0 187979 0 0 0 PART I, LINE 1A THE FOLLOWING BENEFITS ARE PROVIDED TO STUART HIRSTEIN, THE HEAD OF SCHOOL: 1) DISCRETIONARY SPENDING ACCOUNT:THE DISCRETIONARY ACCOUNT IS AN AMOUNT IN THE SCHOOL'S BUDGET EACH YEAR THAT THE HEAD OF SCHOOL IS ALLOWED TO DIRECT THE SPENDING. IT MUST ONLY BE USED FOR SCHOOL EXPENSES, NOT PERSONAL EXPENSES. 2) HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: A RESIDENCE FOR PERSONAL USE IS PROVIDED TO THE HEAD OF SCHOOL. THE VALUE OF THE BENEFIT IS ESTIMATED TO BE $96,000 AND IS NOT TREATED AS TAXABLE COMPENSATION. 3) HEALTH OR SOCIAL CLUB DUES: THE HEAD OF SCHOOL RECEIVED $6,179 FOR CLUB DUES PART OF WHICH WAS TREATED AS TAXABLE COMPENSATION. 4) TRAVEL FOR COMPANIONS: THE HEAD OF SCHOOL ATTENDS AN ANNUAL CONFERENCE FOR HEAD OF SCHOOLS NATIONWIDE. THE CONFERENCE INCLUDES PROGRAMMING FOR SPOUSES AND INCLUDES SPOUSES IN THE CONFERENCE. THE SCHOOL PAYS TRAVEL COSTS FOR THE HEAD OF SCHOOL SPOUSE ONLY FOR THIS CONFERENCE. PART I, LINE 7 YES, ALL FULL-TIME EMPLOYEES RECEIVED A $1,000 BONUS. JASON ORZECHOWSKI BOARD MEMBER 30150 EMPLOYEE TUITION REMISSION SCHOOL TUITION ROMAN ORTEGA-COWAN BOARD MEMBER 27740 NEED BASE GRANT SCHOOL TUITION KELLY FYKES SPOUSE OF BOARD MEMBER 49486 RECEIVED COMPENSATION 0 VANESSA ORZECHOWSKI SPOUSE OF BOARD MEMBER 36462 RECEIVED COMPENSATION 0 CAMILLE GREEN MOTHER IN LAW OF BOARD MEMBER 51761 RECEIVED COMPENSATION 0 X 10 143637 NYSE 0 1 0 FORM 990, PART VI, SECTION A, LINE 4 BYLAWS CHANGES: 1. ARTICLE II, SECTION 2, NUMBER OF TRUSTEES: THIS SECTION DEALS WITH THE NUMBER AND MAKE UP OF TRUSTEES. WE CLARIFY THAT THE CHAIR OF THE BOARD IS COUNTED TOWARD THE 25 TRUSTEE COUNT AND HAVE INDICATED THAT THE BISHOP (OR HIS DESIGNEE) SHALL SERVE AS A MEMBER OF THE BOARD. 2. ARTICLE II, SECTION 5, TERM: THIS PROVISION MAKES CLEAR THAT NON-OFFICER TRUSTEES ARE LIMITED TO TWO CONSECUTIVE TERMS OF THREE (3) YEARS EACH (TOTAL OF 6 YEARS) AND MUST SERVE A ONE (1) YEAR HIATUS PERIOD BEFORE THEY CAN BE REELECTED TO THE BOARD. THIS PROVISION ALSO CLARIFIES THAT IF A TRUSTEE MOVES INTO AN OFFICER POSITION, THE TRUSTEE MAY CONTINUE TO SERVE AS LONG AS HE/SHE IS IN AN OFFICER POSITION FOR UP TO A TOTAL SERVICE OF TWELVE (12) YEARS (LIFETIME LIMIT) ON THE BOARD (ALL POSITIONS COMBINED).. 3. ARTICLE II, SECTION 7, RESIGNATION: THIS IS NOW THE NEW RESIGNATION SECTION. WE HAVE ALSO REMOVED THE LAST LINE THAT DEALS WITH THE GOVERNANCE COMMITTEE ALLOWING A TRUSTEE TO CONTINUE TO SERVE AFTER THEY HAVE COMPLETED THEIR 6-YEAR LIMIT AS CONTINUATION BEYOND THE 6-YEAR TERM LIMIT IS ADDRESSED UNDER TERM. 4. ARTICLE II, SECTION 8, REMOVAL: WE ADJUSTED THE REMOVAL SECTION TO REQUIRE A 2/3 VOTE RATHER THAN A 75% VOTE. 5. ARTICLE III, SECTION 9, POWERS: UNDER POWERS OF TRUSTEES, WE ADDED AND CLARIFIED SOME OF THE POWERS OF TRUSTEES AND REMOVED DETAILS RELATING TO THE TERMS OF THE OFFICERS. 6. ARTICLE III, SECTION 8, BOARD ACTION BY UNANIMOUS WRITTEN CONSENT: WE ADDED FOR NON-CONTROVERSIAL ACTIONS, THE CONCEPT OF BOARD ACTION BY UNANIMOUS WRITTEN CONSENT. 7. ARTICLE III, SECTION 10, PROXY VOTING: WE ADDED THE CONCEPT THAT PROXY VOTING IS NOT ALLOWED. 8. ARTICLE V, SECTION 1(B), CHAIR TERM, PROCESS, AND RENEWAL:. WE CLARIFIED THAT THE CHAIR HAS AN OVERALL TERM LIMIT OF 12 YEARS ON THE BOARD (ALL POSITIONS COMBINED) UNLESS THE GOVERNANCE COMMITTEE RECOMMENDED AN EXTENDED PERIOD OF SERVICE. 9. ARTICLE V, SECTION 1(C), OTHER OFFICER TERMS: WE CLARIFIED THAT OFFICER TERMS ARE ONE (1) YEAR EACH WITH A MAXIMUM SERVICE ON THE BOARD OF TWELVE (12) YEARS. 10. ARTICLE V, SECTION 6, TREASURER: WE HAVE CHANGED THE RESPONSIBILITIES OF THE TREASURER TO ENSURE THAT THE TREASURER FUNCTION IS NOT OPERATIONAL. FORM 990, PART VI, SECTION A, LINE 7A THE EPISCOPAL DIOCESE BISHOP HAS THE RIGHT TO APPOINT THE DIOCESE'S BOARD MEMBER. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE FINANCE COMMITTEE AND PROVIDED TO THE BOARD PRIOR TO BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C REVIEWED ANNUALLY AND ANY POTENTIAL CONFLICTS ARE ADDRESSED. FORM 990, PART VI, SECTION B, LINE 15A COMPARISON WITH COMPATIBILITY DATA OF EQUIVALENT SCHOOLS; PERFORMANCE EVALUATION; NATIONAL ASSOCIATION OF INDEPENDENT SCHOOL (NAIS), REVIEW BY OUTSIDE COMPENSATION CONSULTANT, AND FLORIDA COUNCIL OF INDEPENDENT SCHOOLS (FCIS)STATISTICS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: AMORTIZATION EXPENSE ROU 1,733.