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Nonprofit · EIN 56-0532314

SAINT MARYS SCHOOL

Tax-exempt · RALEIGH, NC 27603

Financials

$19.9M$20.9M2022$23.3M$21.3M2023$25.2M$21.6M2024
Revenue Expenses · by fiscal year end
Financials of SAINT MARYS SCHOOL by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$25,163,210$21,585,150$3,578,060$95,583,045$8,461,983$87,121,062
June 30, 2024990$23,316,668$21,339,010$1,977,658$94,685,810$14,426,346$80,259,464
June 30, 2023990$19,916,469$20,851,273-$934,804$90,279,167$14,150,389$76,128,778
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$7,863,455
Program service revenue
$15,289,160
Investment income
$1,941,070
Net gain from sales of assets
$463,859
Other revenue
$69,525

Expenses

Grants and similar amounts paid
$3,308,785
Compensation of officers, directors and key employees
$743,632
Other salaries and wages
$7,460,318
Salaries, compensation and benefits (total)
$10,144,428
Professional fundraising fees
$0
Legal fees
$50,521
Accounting fees
$110,664
Occupancy
$833,872
Travel
$106,814
Depreciation
$1,300,954
Program services (functional)
$15,041,718
Management and general (functional)
$5,376,040
Fundraising (functional)
$1,167,393

Balance sheet and other

Total assets, start of year
$94,685,810
Total assets, end of year
$95,583,045
Total liabilities, end of year
$8,461,983
Net assets, end of year
$87,121,062
Land, buildings and equipment
$35,522,298
Publicly traded securities
$50,113,477
Net assets without donor restrictions
$29,180,007
Net assets with donor restrictions
$57,941,055
Gross unrelated business income
$347,010
Gross receipts
$25,991,023
Employees
205
Volunteers
400
Year formed
1897
State of legal domicile
NC

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
Adam HoldenHead of School
Officer
40$323,306$106,892
Matthew OlesnevichAssistant Head for Student Affairs
Highest-paid employee
40$145,601$77,423
Patricia SasserAssistant Head for Academic Affairs
Highest-paid employee
40$147,620$55,620
Michelle LammonAssistant Head for Finance and Operations
Officer
40$166,564$8,319
Richard RigglemanDirector of Athletics
Highest-paid employee
40$116,794$18,971
Lauren GerberDirector of the Annual Fund
Highest-paid employee
40$118,138$15,687
Jayme RichardsDirector of Technology
Highest-paid employee
40$122,535$9,715
Merritt AtkinsBoard Chair
Trustee or director
4.5$0$0
Tiffany ClarkVice Chair
Trustee or director
2.87$0$0
Julian WilliamsonSecretary
Trustee or director
0.94$0$0
Jean ReddingTreasurer
Trustee or director
1.13$0$0
Diane BectonTrustee
Trustee or director
0.75$0$0
April BrowneTrustee
Trustee or director
1.13$0$0
Catherine BryantTrustee
Trustee or director
0.75$0$0
Hope CarmichaelTrustee
Trustee or director
0.75$0$0
14 more people on this return
NameTitleHours / weekCompensation
Elizabeth DixonTrustee
Trustee or director
0.75$0
Eric EvansTrustee
Trustee or director
0.75$0
Amanda HamptonTrustee
Trustee or director
0.75$0
Ken HowardTrustee
Trustee or director
1.13$0
Earl Johnson IIITrustee
Trustee or director
0.75$0
Angel JonesTrustee
Trustee or director
0.75$0
Sheila McLambTrustee
Trustee or director
0.75$0
Sallie Sabiston PelletierTrustee
Trustee or director
1.13$0
Susan RankinTrustee
Trustee or director
0.75$0
Will RideoutTrustee
Trustee or director
0.75$0
D Ward RussellTrustee
Trustee or director
1.13$0
Sallie Shuping-RussellTrustee
Trustee or director
0.75$0
Melissa TillmanTrustee
Trustee or director
0.75$0
Heather Clark WarrenTrustee
Trustee or director
0.75$0
990 for the year ended June 30, 2024: 32 people
NameTitleHours / weekCompensationOther / benefits
Adam HoldenHead of School
Officer
40$316,502$103,931
Julie RicciardiAssoc Head of School - Institutional Advancement
Key employee, Former
40$191,465$34,570
Patricia SasserAssistant Head for Academic Affairs
Highest-paid employee
40$143,647$53,044
Michelle LammonAssistant Head for Finance and Operations
Officer
40$163,236$7,576
Andrew Hunter HeffnerDean of College Counseling
Highest-paid employee
40$106,496$47,013
Jayme RichardsDirector of Technology
Highest-paid employee
40$120,287$9,248
Adriana Apostol-O'DochartyDirector of Employee Life
Highest-paid employee, Former
40$112,397$14,922
Lauren GerberDirector of Annual Fund
Highest-paid employee
40$109,074$14,758
Merritt AtkinsBoard Chair
Trustee or director
4.5$0$0
Tiffany ClarkVice Chair
Trustee or director
2.87$0$0
Julian WilliamsonSecretary
Trustee or director
0.94$0$0
Jean ReddingTreasurer
Trustee or director
1.13$0$0
Diane BectonTrustee
Trustee or director
0.75$0$0
Martin M BordenTrustee
Trustee or director
1.13$0$0
April BrowneTrustee
Trustee or director
1.13$0$0
Catherine BryantTrustee
Trustee or director
0.75$0$0
Hope CarmichaelTrustee
Trustee or director
0.75$0$0
Elizabeth DixonTrustee
Trustee or director
0.75$0$0
Ken HowardTrustee
Trustee or director
0.75$0$0
Earl Johnson IIITrustee
Trustee or director
0.75$0$0
Sheila McLambTrustee
Trustee or director
0.75$0$0
Janie Swain MolsterTrustee
Trustee or director
0.75$0$0
Sallie Sabiston PelletierTrustee
Trustee or director
0.75$0$0
Susan RankinTrustee
Trustee or director
0.75$0$0
Will RideoutTrustee
Trustee or director
0.75$0$0
Elizabeth M RobertsTrustee
Trustee or director
1.13$0$0
D Ward RussellTrustee
Trustee or director
1.13$0$0
Charles A SandersTrustee
Trustee or director
0.75$0$0
Sallie Shuping-RussellTrustee
Trustee or director
0.75$0$0
Maura Moylan SullivanTrustee
Trustee or director
0.75$0$0
Melissa TillmanTrustee
Trustee or director
0.75$0$0
Heather Clark WarrenTrustee
Trustee or director
0.75$0$0
990 for the year ended June 30, 2023: 30 people
NameTitleHours / weekCompensationOther / benefits
Carol MeyersHead of School
Officer, Former
40$295,071$47,036
Julie RicciardiAssoc Head of School Institutional Advancement
Key employee
40$183,626$32,088
Michelle LammonChief Financial Operations Officer
Officer
40$154,932$6,948
Robert WeltzDirector of Athletics
Highest-paid employee, Former
40$116,203$39,513
Terence WrightDirector of Planned Giving
Highest-paid employee
40$129,684$13,829
Adam HoldenHead of School
Officer
40$90,087$32,735
Elizabeth M RobertsChair
Trustee or director
4.5$0$0
Merritt AtkinsVice Chair
Trustee or director
2.87$0$0
Julian WilliamsonSecretary
Trustee or director
0.94$0$0
Jean ReddingTreasurer
Trustee or director
1.13$0$0
Diane BectonTrustee
Trustee or director
0.75$0$0
Martin M BordenTrustee
Trustee or director
1.13$0$0
Peter BristowTrustee
Trustee or director
0.75$0$0
April BrowneTrustee
Trustee or director
1.13$0$0
Hope CarmichaelTrustee
Trustee or director
0.75$0$0
Tiffany ClarkTrustee
Trustee or director
0.75$0$0
Elizabeth DixonTrustee
Trustee or director
0.75$0$0
Lucy V FountainTrustee
Trustee or director
0.75$0$0
Palmer GarsonTrustee
Trustee or director
1.13$0$0
Earl Johnson IIITrustee
Trustee or director
0.75$0$0
Jane MarleyTrustee
Trustee or director
0.75$0$0
Sheila McLambTrustee
Trustee or director
0.75$0$0
Janie Swain MolsterTrustee
Trustee or director
0.75$0$0
Sallie Sabiston PelletierTrustee
Trustee or director
0.75$0$0
Susan RankinTrustee
Trustee or director
0.75$0$0
Will RideoutTrustee
Trustee or director
0.75$0$0
D Ward RussellTrustee
Trustee or director
1.13$0$0
Charles A SandersTrustee
Trustee or director
0.75$0$0
Maura Moylan SullivanTrustee
Trustee or director
0.75$0$0
Heather Clark WarrenTrustee
Trustee or director
0.75$0$0

Address and contacts

Address (IRS master file)
900 HILLSBOROUGH ST, RALEIGH, NC 27603-1610
In care of
% ADAM HOLDEN
Principal officer (990 for 2024)
ADAM HOLDEN, 900 HILLSBOROUGH ST, RALEIGH, NC 27603
Signed the 990
Michelle Lammon, Chief Financial Operations Officer
Phone
(919) 424-4128
Website
sms.edu

Mission

Saint Marys School in Raleigh NC is an independent college-preparatory girls boarding and day school dedicated to academic excellence and personal achievement for grades 9 - 12.

990 for the year ended June 30, 2025

Program accomplishments

  • Educational activities provide support for around 300 students including a boarding program for students and faculty who opt for it alongside additional services to enhance academic success.
    Expenses $15,041,718 · grants $3,308,785 · revenue $15,289,160
  • N A0
  • N A0

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
56-0532314
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
School
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1938
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B410)
Assets (IRS master file)
$95,583,045
Income (IRS master file)
$25,991,023

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$25,163,210$21,585,150$95,583,045IRS
990-TJune 2025–––IRS
990June 2024$23,316,668$21,339,010$94,685,810XML
990-TJune 2024–––IRS
990June 2023$19,916,469$20,851,273$90,279,167XML
990-TJune 2023–––IRS
990June 2022$36,030,346$18,824,083$84,583,083IRS
990-TJune 2022–––IRS
990June 2021–––IRS
990-TJune 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS
990June 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-0532314).

Questions about SAINT MARYS SCHOOL

What is the EIN of SAINT MARYS SCHOOL?
The employer identification number (EIN) of SAINT MARYS SCHOOL is 56-0532314.
Is SAINT MARYS SCHOOL tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1938.
Are donations to SAINT MARYS SCHOOL tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does SAINT MARYS SCHOOL file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of SAINT MARYS SCHOOL due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did SAINT MARYS SCHOOL last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of SAINT MARYS SCHOOL?
The 990 for the year ended June 30, 2025 names ADAM HOLDEN.
Who are the officers and directors of SAINT MARYS SCHOOL?
The 990 for the year ended June 30, 2025 lists 29 people; 7 received compensation from the organization, the highest $323,306 (Adam Holden, Head of School).
How much revenue does SAINT MARYS SCHOOL have?
On its 990 for the year ended June 30, 2025 it reported revenue of $25,163,210, expenses of $21,585,150 and total assets of $95,583,045 at year end.

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