2024-05-15T17:46:32-05:00 2023-06-30 561750124 BATCHELOR TILLERY & ROBERTS LLP 3605 GLENWOOD AVENUE SUITE 350 RALEIGH NC 27612 990 2022-07-01 237241145 ST DAVID'S SCHOOL STDA 9197823240 3400 WHITE OAK ROAD RALEIGH NC 27609 MIRIAM LESHNOCK ASSISTANT HEADMASTER 9197823240 2024-05-15 1 MIRIAM LESHNOCK 999009999 0 DAWN O WHITT P02352669 9197878212 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MATT HILLEGASS 3400 WHITE OAK ROAD RALEIGH NC 27609 17211030 0 X WWW.SDSW.ORG X 1972 NC PREPARE STUDENTS FOR COLLEGE & LIFE BY CHALLENGING THEM TO EXCEL IN FAITH, VIRTUE & KNOWLEDGE. 12 12 227 300 0 0 1991933 1777093 15330238 15336057 75 8450 -46840 -55945 17275406 17065655 1104945 1120200 0 0 10565299 10811964 0 0 554461 5693881 6482948 17364125 18415112 -88719 -1349457 32374856 30450392 22800320 22130849 9574536 8319543 ST. DAVID'S IS AN INDEPENDENT SCHOOL IN THE EPISCOPAL SCHOOL TRADITION THAT PREPARES YOUNG MEN AND WOMEN FOR COLLEGE AND LIFE BY CHALLENGING THEM TO EXCEL IN THE VITAL AREAS OF FAITH, VIRTUE AND KNOWLEDGE. 0 0 14757312 1120200 15336057 EXPENSES ARE INCURRED TO OPERATE A SCHOOL FOR 652 PRE-KINDERGARTEN THROUGH 12TH GRADE STUDENTS. THESE EXPENSES INCLUDE TEACHER SALARIES, EDUCATIONAL MATERIALS, FIELD TRIPS AND OTHER STUDENT ACTIVITIES. 14757312 1 1 0 0 0 0 0 0 0 0 1 0 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 1 0 0 1 0 0 0 0 0 0 0 0 1 30 0 1 227 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X X MIRIAM LESHNOCK 9197823240 3400 WHITE OAK ROAD RALEIGH NC 27609 JOE KNOTT III CHAIRMAN 1.00 X X 0 0 0 CLIFF BENSON III TRUSTEE 1.00 X 0 0 0 NEAL COKER TRUSTEE 1.00 X 0 0 0 PAUL CONWAY TRUSTEE 1.00 X 0 0 0 ANNE FLETCHER TRUSTEE 1.00 X 0 0 0 JOHN LUCKETT TRUSTEE 1.00 X 0 0 0 DONNA MCCLATCHEY TRUSTEE 1.00 X 0 0 0 VEN POOLE SECRETARY/TREASURER 1.00 X X 0 0 0 JULE SMITH TRUSTEE 1.00 X 0 0 0 MIKE SMITH VICE-CHAIRMAN 1.00 X X 0 0 0 PHIL YORK TRUSTEE 1.00 X 0 0 0 DANA SIMPSON TRUSTEE 1.00 X 0 0 0 MIRIAM F LESHNOCK ASST HEADMASTER FINANCE/OP 40.00 X 213057 0 42822 MATTHEW HILLEGASS HEAD OF SCHOOL 40.00 X 231687 0 87170 RICARDO VIERA ATHLECTIC DIRECTOR 40.00 X 106435 0 67526 MARY A RAPER DIRECTOR OF ADVANCEMENT 40.00 X 142922 0 35867 694101 0 233385 4 0 1 0 R AND R FIELDS LLC PO BOX 17967 RALEIGH NC 27619 LANDSCAPING/FIELD MAINTENANCE 166105 1 158323 1618770 214779 1777093 TUITION & REGISTRATION 900099 14701271 14701271 OTHER SCHOOL ACTIVITIES 900099 331441 331441 ACADEMIC SUPPORT 900099 303345 303345 15336057 8268 8268 12865 0 12865 12865 12865 182 0 182 182 182 76565 158323 145375 -68810 -68810 17065655 15336057 0 -47495 1120200 1120200 794750 599988 163373 31389 8290198 6386070 1597241 306887 427322 322602 87842 16878 655041 494516 134653 25872 644653 486674 132518 25461 49628 49628 40400 40400 15222 15222 4178 4178 261481 233723 2337 25421 63095 48498 13899 698 487521 393499 80093 13929 288249 232658 47355 8236 64721 59042 5544 135 747127 598850 127079 21198 1438083 1197121 198586 42376 91538 73884 15039 2615 FOOD SERVICE 815321 815321 0 0 REPAIRS & MAINTENANCE 677184 546584 111252 19348 ATHLETIC EQUIPMENT, FEE 347381 347381 0 0 INSTRUCTIONAL MATERIALS 210760 210760 0 0 881059 589941 277100 14018 18415112 14757312 3103339 554461 4543002 3710031 550595 164217 40248 81171 323581 103729 43311716 17417575 26713511 25894141 203919 497103 32374856 30450392 123495 130456 6489687 6266750 16077736 15491429 109402 242214 22800320 22130849 X 7295535 6795021 2279001 1524522 9574536 8319543 32374856 30450392 X -1349457 94464 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1470793 1470793 37800982 14315724 23485258 2766497 2097867 668630 1273444 1003984 269460 25894141 OPERATING LEASE LIABILITY 151140 FINANCE LEASE LIABILITY 91074 242214 X 16053862 13943 94464 108407 15945455 1120200 1120200 17065655 17308855 13943 13943 17294912 1120200 1120200 18415112 PART X, LINE 2: INCOME TAXES: THE SCHOOL IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE STATUTES, AND ACCORDINGLY, NO INCOME TAXES HAVE BEEN PROVIDED FOR THE SCHOOL IN THE ACCOMPANYING FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED GAIN ON INTEREST RATE SWAP 94,464. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID INCLUDED AS A REDUCTION OF FINANCIAL STMT TUITION RECEIVED 1,120,200. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID INCLUDED AS A REDUCTION OF FINANCIAL STMT TUITION RECEIVED 1,120,200. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 NONDISCRIMINATORY POLICY: THE SCHOOL PUBLICIZES ITS RACIALLY NONDISCRIMINATORY POLICY THROUGH VARIOUS FORMS OF PRINT AND ONLINE MEDIA SOLICITING STUDENTS. WINTER SOCIAL 234888 158323 76565 16250 35269 10854 83002 234888 158323 76565 16250 35269 10854 83002 145375 -68810 1 FINANCIAL AID 82 1120200 0 PART I, LINE 2: PROCEDURES FOR MONITORING GRANT FUNDS IN THE UNITED STATES: ST. DAVID'S USES AN OUTSIDE SERVICE TO COLLECT AND PROCESS FINANCIAL AID APPLICANTS' FINANCIAL INFORMATION. THIS SERVICE IS PROVIDED BY TADS. APPLICANTS SUBMIT THEIR FAMILY FINANCIAL INFORMATION TO TADS FOR PROCESSING. A SUMMARY REPORT OF THE FAMILY FINANCIAL INFORMATION IS GENERATED AND SENT TO THE SCHOOL. ONCE THIS REPORT IS RECEIVED, THE FINANCIAL AID COMMITTEE REVIEWS IT AND MAKES AWARDS CONSIDERING THE INFORMATION PROVIDED IN THAT REPORT. THE COMMITTEE ALSO ANALYZES MOST RECENT TAX RETURNS AND OTHER FACTORS AS NECESSARY. X X X 0 0 0 0 0 0 0 0 0 MATTHEW HILLEGASS HEAD OF SCHOOL 224655 0 0 0 7032 0 13500 0 74102 0 319289 0 0 0 MIRIAM F LESHNOCK ASST HEADMASTER FINANCE/OP 211269 0 0 0 1788 0 12281 0 30689 0 256027 0 0 0 MARY A RAPER DIRECTOR OF ADVANCEMENT 141364 0 0 0 1558 0 8625 0 27389 0 178936 0 0 0 RICARDO VIERA ATHLECTIC DIRECTOR 104984 0 0 0 1451 0 10022 0 57646 0 174103 0 0 0 A WISCONSIN PUBLIC FINANCE AUTHORITY 273866124 2014-09-19 18750000 FINANCE CAPITAL CONSTRUCTION 0 0 0 A 2930000 18750000 325749 18424189 62 2019 0 1 1 1 A 0 0 0 0 0 0 0 A 0 0 0 0 1 1 TRUIST 10.000000000000 0 0 0 0 0 A 0 SCHEDULE K, PART V WRITTEN PROCEDURES FOR VIOLATIONS OF FEDERAL TAX REQUIREMENTS: THE ORGANIZATION BELIEVES IT IS IN COMPLIANCE WITH THE REQUIREMENTS OF SECTION 145 AND OTHER APPLICABLE REQUIREMENTS FOR ITS TAX-EXEMPT BONDS. VEN POOLE TRUSTEES-BOARD MBR 37073 TRASH/RECYCLING SERVICES 0 X REPAIR & MAINTENANCE 2 111701 FAIR MARKET VALUE X FUNDRAISER AUCTION ITEMS 45 64268 FAIR MARKET VALUE X CONCESSIONS TRAILOR 1 31355 FAIR MARKET VALUE X CLASSROOM & GRADUATION SUPPLIES 2 4773 FAIR MARKET VALUE X ANNIVERSARY MEDIA PRODUCTIONS 2 2682 FAIR MARKET VALUE 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED IN PART I, COLUMN (B). FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS: THE FORM 990 IS REVIEWED AND DISCUSSED BY JONATHAN WALSTON, CONTROLLER, AND MIRIAM LESHNOCK, ASSISTANT HEADMASTER OF FINANCE AND OPERATIONS, WHO PROVIDES THE SIGNATURE ON THE FORM. FORM 990, PART VI, SECTION B, LINE 12C MONITORING CONFLICTS OF INTEREST: THE ST. DAVID'S BOARD DISCUSSES ANNUAL EVENTS THAT MAY CAUSE A CONFLICT OF INTEREST AT THE MAY BOARD MEETING WHEN THE NEXT FISCAL YEAR BUDGET IS APPROVED. THE DISCUSSION IS DOCUMENTED IN THE MEETING MINUTES. THE CONFLICT OF INTEREST POLICY AND REPORTING PROCEDURES ARE ALSO PUBLISHED IN THE FACULTY AND STAFF HANDBOOKS THAT ARE DISTRIBUTED TO EACH EMPLOYEE AT THE BEGINNING OF THE ACADEMIC YEAR. FORM 990, PART VI, SECTION B, LINE 15 PROCESS FOR DETERMINING COMPENSATION: EACH YEAR THE PERSONNEL COMMITTEE OF THE BOARD SOLICITS FEEDBACK ON THE HEADMASTER'S PERFORMANCE OVER THE PAST YEAR THROUGH A SURVEY SENT TO FACULTY, STAFF, PARENTS AND BOARD MEMBERS. THE COMMITTEE TAKES THE INFORMATION OBTAINED THROUGH THE SURVEY INTO CONSIDERATION, ALONG WITH COMPARABLE DATA FOR COMPENSATION INFORMATION FROM SIMILAR ORGANIZATIONS OBTAINED BY A MEMBER OF THE BOARD, IN SETTING THE HEADMASTER'S SALARY FOR THE NEXT YEAR. THE SCHOOL CONDUCTS COMPARABILITY ANALYSES OF ALL POSITIONS PRIOR TO MAKING JOB OFFERS TO KEY EMPLOYEES. THE FINANCE COMMITTEE REVIEWS AND THE BOARD APPROVES SALARY RANGES FOR ALL NEW POSITIONS. ST. DAVID'S IS CURRENTLY FORMALIZING AN EMPLOYEE EVALUATION PROCESS FOR BOTH FACULTY AND STAFF TO BETTER CORRELATE PERFORMANCE WITH COMPENSATION. AS PART OF THIS PROCESS, EMPLOYEE SALARIES ARE BENCHMARKED VERSUS COMPARABILITY DATA AND REVIEWED BY THE HEADMASTER, CHIEF FINANCIAL OFFICER, AND FINANCE COMMITTEE CHAIRPERSON OF THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 MAKING DOCUMENTS AVAILABLE TO THE PUBLIC: THE ORGANIZATION'S FORM 990 IS AVAILABLE ONLINE AT WWW.GUIDESTAR.ORG, WHERE IT IS CONFIRMED TO BE WIDELY AVAILABLE. THE ORGANIZATION'S GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST FOR INSPECTION AT OUR PRIMARY BUSINESS LOCATION DURING NORMAL BUSINESS HOURS. COPIES OF THE ABOVE DOCUMENTS MAY ALSO BE PROVIDED, UPON REQUEST, FOR A REASONABLE FEE TO DEFRAY COPYING AND POSTAGE EXPENSE. FORM 990, PART XI, LINE 9: UNREALIZED GAIN/(LOSS) ON CASH FLOW HEDGE 94,464. FORM 990, PART XII, LINE 2C THE AUDIT COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT.