2024-05-10T14:02:24-05:00 2023-06-30 540504608 BROWN EDWARDS & COMPANY LLP 1909 FINANCIAL DRIVE HARRISONBURG VA 22801 990 2022-07-01 540880465 ST ANNE'S-BELFIELD INC STAN 4342965106 2132 IVY ROAD CHARLOTTESVILLE VA 22903 SARAH H WOODS CFO/COO 4342965106 2024-04-01 1 SARAH WOODS 999009999 1 JAMES R FRIES P01320612 5404346736 2024-05-02 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z SARAH H WOODS 2132 IVY ROAD CHARLOTTESVILLE VA 22903 39843999 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. 18 18 325 85 205955 29750 5914963 5683357 27792542 28328584 6513486 331083 -289547 -303818 39931444 34039206 6564021 7040382 0 0 16963447 17697636 0 0 1514251 11021304 10233838 34548772 34971856 5382672 -932650 134920177 135013579 50612779 48450221 84307398 86563358 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 24177782 27820858 ST. ANNE'S-BELFIELD SCHOOL IS AN INDEPENDENT SCHOOL THAT EDUCATES APPROXIMATELY 937 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 53 ZIP CODES AND 15 COUNTRIES WHO LEARN ABOUT AND FROM EACH OTHER, CONTRIBUTING TO A GLOBAL EDUCATION AND CREATING AN EXPECTATION OF BELONGING BASED ON SHARED HUMAN DIGNITY. 7040382 7040382 FINANCIAL ASSISTANCE IN THE FORM OF TUITION REDUCTIONS IS PROVIDED TO 314 STUDENTS, APPROXIMATELY 34% OF THE STUDENT BODY. 31218164 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 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 68 0 1 325 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 18 18 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 THAD JONES CHAIR 8.00 X X 0 0 0 KARI COULING VICE CHAIR 8.00 X X 0 0 0 CHARLES COCKE TREASURER 8.00 X X 0 0 0 JOHN MASON SECRETARY 8.00 X X 0 0 0 FRANK EDMONDS FORMER CHAIR 4.00 X 0 0 0 JANINE DOZIER TRUSTEE 4.00 X 0 0 0 MOLLY DUNNINGTON TRUSTEE 4.00 X 0 0 0 ASHLEY GUNDERSEN TRUSTEE 4.00 X 0 0 0 LAUREN HAGANS TRUSTEE 4.00 X 0 0 0 PETE HARTWIG TRUSTEE 4.00 X 0 0 0 CHANGDONG HE TRUSTEE 4.00 X 0 0 0 SARAH JOHNS TRUSTEE 4.00 X 0 0 0 ANGELA OAKEY 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 MERRILL WOODRIFF TRUSTEE 4.00 X 0 0 0 AUTUMN GRAVES HEAD OF SCHOOL 40.00 X 472958 0 18583 SARAH WOODS CFO/COO 40.00 X 221450 0 17513 SETH KUSHKIN ATHLETIC DIRECTOR 40.00 X 154414 0 20765 RANDOL BENEDICT ASST HEAD OF SCHOOL FOR EN 40.00 X 169176 0 10978 WARREN BUFORD CHIEF DEVELOPMENT OFFICER 40.00 X 167732 0 15932 BETHANY MILLER HEAD OF UPPER SCHOOL 40.00 X 150975 0 23264 LISA SMITH CHIEF STRATEGIC COMMUNICAT 40.00 X 144638 0 23683 1481343 0 130718 9 0 1 0 MILLENIUM SECURITY AND TRANSPORTATION 182 SPOTNAP ROAD SUITE B1 CHARLOTTESVILLE VA 22911 SECURITY AND TRANSPORTATION 179332 CREATIVE OFFICE ENVIRONMENTS 650 PETER JEFFERSON PARKWAY CHARLOTTESVILLE VA 22911 CREATIVE WORKPLACE PLANNING 106559 2 190322 5493035 121047 5683357 TUITION 611710 24456470 24456470 BOARDING REVENUE 611710 2983675 2983675 AFTER SCHOOL CARE 611710 465023 465023 SUMMER PROGRAMS 611710 174712 174712 SERVICE AND APPLICATION FEES 611710 92045 92045 156659 156659 28328584 592060 592060 175871 19126 156745 156745 156745 3959956 205955 4426574 314 -466618 205641 -260977 -314 205955 -466618 115162 190322 68313 46849 46849 706983 1290466 -583483 -583483 OTHER RELATED REVENUE 611710 76071 76071 76071 34039206 27820858 205955 329036 7040382 7040382 730504 73050 365252 292202 13118217 12110724 438935 568558 621510 551097 33651 36762 2183743 1998153 91062 94528 1043662 925422 56508 61732 437067 437067 1899620 1514302 248587 136731 290924 276789 11779 2356 770335 747653 14936 7746 71026 43662 8931 18433 1328615 1252263 66174 10178 2337118 2283130 32720 21268 344480 323085 10736 10659 EQUIPMENT AND FURNISHIN 435904 408493 23114 4297 SUPPLIES AND MATERIALS 394273 362226 11798 20249 RECRUITING 339941 94251 245678 12 REPAIRS AND MAINTENANCE 314598 306320 4770 3508 1269937 907162 137743 225032 34971856 31218164 2239441 1514251 13653229 3861035 2002074 1561937 3230951 39024 1570 1220 54206 70571 141668 169442 86300730 35704126 52253799 50596604 66851072 69099902 402696 5942756 134920177 135013579 1382830 1752474 13103954 13208370 32608571 31099195 2131310 1865316 1386114 524866 50612779 48450221 X 65209224 65726472 19098174 20836886 84307398 86563358 134920177 135013579 X -932650 2340321 848289 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 56980037 1138280 2173747 188190 3098632 362218 56643024 59612486 104563 853066 179180 3004095 406803 56980037 45697463 52937 17787004 178861 3063374 682683 59612486 49493893 65017 -52689 139704 3185269 483785 45697463 50381142 318183 2483034 145130 3140626 402710 49493893 0.79400 0.15000 0.05600 0 0 1917197 1917197 72329727 25790793 46538934 4733667 4050615 683052 7320139 5862718 1457421 50596604 INVESTMENTS - PARTNERSHIPS 69099902 F 69099902 INTEREST RATE SWAP LIABILITY 161867 ANNUITY LIABILITY 199268 FUNDS HELD FOR SCHOOL-RELATED ORGS 163731 524866 X 31059954 2340321 2185524 4525845 26534109 437067 7068030 7505097 34039206 28803994 1309592 1309592 27494402 437067 7040387 7477454 34971856 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 875,932. COST OF GOODS NETTED AGAINST REVENUE 1,290,466. RENTAL EXPENSES NETTED AGAINST REVENUE 19,126. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID - TUITION REDUCTIONS 6,629,152. BOARDING AID 411,230. REVENUE ACCOUNTS INCLUDED IN LIABILITIES ON AUDIT 27,648. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS NETTED AGAINST REVENUE 1,290,466. RENTAL EXPENSES NETTED AGAINST REVENUE 19,126. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID - TUITION REDUCTIONS 6,629,152. BOARDING AID 411,230. ROUNDING 5. 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. AUCTION 305484 190322 115162 36009 32304 305484 190322 115162 36009 32304 68313 46849 1 TUITION REDUCTIONS-FINANCIAL AID 314 7040382 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 350000 0 35000 0 87958 0 17587 0 996 0 491541 0 0 0 SARAH WOODS CFO/COO 221450 0 0 0 0 0 8938 0 8575 0 238963 0 0 0 WARREN BUFORD CHIEF DEVELOPMENT OFFICER 167732 0 0 0 0 0 9673 0 6259 0 183664 0 0 0 RANDOL BENEDICT ASST HEAD OF SCHOOL FOR EN 169176 0 0 0 0 0 5225 0 5753 0 180154 0 0 0 SETH KUSHKIN ATHLETIC DIRECTOR 154414 0 0 0 0 0 7722 0 13043 0 175179 0 0 0 BETHANY MILLER HEAD OF UPPER SCHOOL 150975 0 0 0 0 0 17434 0 5830 0 174239 0 0 0 LISA SMITH CHIEF STRATEGIC COMMUNICAT 144638 0 0 0 0 0 12792 0 10891 0 168321 0 0 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 A 10385000 30000000 30000000 2010 1 0 0 1 B 3232615 15000000 240468 14759532 2016 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 A 0 0 1 0 1 0 0 0 1 B 0 0 0 1 1 0 0 0 1 A 1 B 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). X 17 108587 MARKET VALUE ON RECEIPT X SUPPLIES 4 10210 COST X AUCTION ITEMS 3 2250 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 INTEREST 875,932. REVENUE ACCOUNTS INCLUDED IN LIABILITIES ON AUDIT -27,648. ROUNDING 5. 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