Form 990 for tax year 2022

Filed by SAINT PAULS SCHOOL INC.

What the amendment changed

Compared with the return it replaced , filed 25 April 2024. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Those are the same on the two returns, so the amendment changed something else.

Totals

Total revenue: $8,398,175
Total expenses: $8,688,181
Contributions and grants received: $637,864
Grants paid: $0
Program service revenue: $7,412,129
Investment income: $134,792
Other revenue: $213,390
Total assets, end of year: $14,219,536
Total liabilities, end of year: $6,758,893
Net assets or fund balances, end of year: $7,460,643
Program services expenses (Part IX): $7,114,773
Management and general expenses: $1,387,407
Fundraising expenses: $186,001
Program service expenses (Part III): $7,114,773

Program services were 81.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

1c · Fundraising events

$305,793
1f · All other contributions, gifts and grants

$332,071
2a · Program service revenue: TUITION

total $7,248,052 · related or exempt $7,248,052
2b · Program service revenue: STUDENT SERVICES & FEE

total $164,077 · related or exempt $164,077
3 · Investment income

total $124,595 · excluded $124,595
6a · Gross rents

real property $1,550
6b · Less rental expenses

real property $0
6c · Rental income or loss

real property $1,550
6d · Net rental income or loss

total $1,550 · excluded $1,550
7a · Gross sales of assets other than inventory

securities $390,086 · other assets $6,336
7b · Less cost or other basis and sales expenses

securities $386,225 · other assets $0
7c · Gain or loss

securities $3,861 · other assets $6,336
7d · Net gain or loss

total $10,197 · excluded $10,197
8a · Fundraising events: gross income

$284,024
8a · Fundraising events: contributions included on line 1c

$305,793
8b · Fundraising events: direct expenses

$165,498
8c · Net income from fundraising events

total $118,526 · excluded $118,526
9a · Gaming: gross income

$14,815
9b · Gaming: direct expenses

$0
9c · Net income from gaming

total $14,815 · excluded $14,815
10a · Gross sales of inventory

$205,030
10b · Cost of goods sold

$126,531
10c · Net income from sales of inventory

total $78,499 · excluded $78,499

Functional expenses

Part IX, the statement of functional expenses.

5 · Compensation of officers, directors and key employees

total $549,696 · program services $118,962 · management and general $351,427 · fundraising $79,307
7 · Other salaries and wages

total $4,757,179 · program services $4,322,379 · management and general $387,913 · fundraising $46,887
8 · Pension plan contributions

total $88,038 · program services $78,349 · management and general $9,212 · fundraising $477
9 · Other employee benefits

total $306,064 · program services $276,507 · management and general $25,799 · fundraising $3,758
10 · Payroll taxes

total $344,938 · program services $289,711 · management and general $47,202 · fundraising $8,025
11b · Fees: legal

total $7,425 · management and general $7,425
11c · Fees: accounting

total $47,295 · management and general $47,295
11f · Fees: investment management

total $11,715 · management and general $11,715
11g · Fees: other

total $3,174 · management and general $3,174
12 · Advertising and promotion

total $71,194 · program services $71,194
13 · Office expenses

total $532,132 · program services $438,554 · management and general $82,200 · fundraising $11,378
14 · Information technology

total $197,713 · program services $164,154 · management and general $30,363 · fundraising $3,196
16 · Occupancy

total $536,004 · program services $443,864 · management and general $78,686 · fundraising $13,454
17 · Travel

total $18,852 · program services $7,549 · management and general $11,074 · fundraising $229
19 · Conferences, conventions and meetings

total $33,499 · program services $16,886 · management and general $15,386 · fundraising $1,227
20 · Interest

total $9,005 · program services $7,457 · management and general $1,322 · fundraising $226
22 · Depreciation, depletion and amortization

total $710,165 · program services $588,073 · management and general $104,255 · fundraising $17,837
23 · Insurance

total $351,578 · program services $291,134 · management and general $60,444
24a · Other expenses: BAD DEBT EXPENSE

total $112,515 · management and general $112,515

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $2,237,889 · end of year $2,662,040
2 · Savings and temporary cash investments

beginning of year $833,973 · end of year $1,257,678
3 · Pledges and grants receivable

beginning of year $0 · end of year $8,073
4 · Accounts receivable

beginning of year $23,011 · end of year $40,746
8 · Inventories for sale or use

beginning of year $5,867 · end of year $6,991
9 · Prepaid expenses and deferred charges

beginning of year $25,361 · end of year $21,945
10a · Land, buildings and equipment: cost or other basis

$19,402,981
10b · Land, buildings and equipment: accumulated depreciation

$12,485,859
10c · Land, buildings and equipment, net

beginning of year $7,368,673 · end of year $6,917,122
11 · Investments: publicly traded securities

beginning of year $3,000,295 · end of year $3,299,212
15 · Other assets

beginning of year $14,039 · end of year $5,729
17 · Accounts payable and accrued expenses

beginning of year $101,955 · end of year $196,413
19 · Deferred revenue

beginning of year $3,096,056 · end of year $3,928,603
20 · Tax-exempt bond liabilities

beginning of year $2,657,924 · end of year $2,542,233
23 · Secured mortgages and notes payable

beginning of year $2,604 · end of year $0
25 · Other liabilities

beginning of year $98,198 · end of year $91,644
27 · Net assets without donor restrictions

beginning of year $6,047,116 · end of year $5,797,101
28 · Net assets with donor restrictions

beginning of year $1,505,255 · end of year $1,663,542

Mission and programs · 2022

Mission

TO CULTIVATE TOMORROW'S LEADERS AND INNOVATORS IN AN EDUCATIONAL ENVIRONMENT THAT ENCOURAGES STUDENTS TO DISCOVER THEIR UNIQUE IDENTITIES, EXPLORE THEIR PASSIONS AND DEVELOP A JOYFUL, INQUISITIVE APPROACH TO LEARNING AND LIFE.

Activities or mission (Part I)

SAINT PAUL'S IS A PROUD INDEPENDENT SCHOOL IN THE HEART OF CLEARWATER, FL (SEE PART III)

SAINT PAUL'S - CLEARWATER'S INDEPENDENT SCHOOL IS DEDICATED TO PROVIDING A SAFE AND NURTURING ENVIRONMENT WHERE OUR STUDENTS ARE ENCOURAGED TO THINK CREATIVELY, TO REFLECT CRITICALLY, TO DESIGN COLLABORATIVELY, AND TO LEAD CONFIDENTLY. CALCULATED RISK-TAKING IS PRACTICED AND FAILURE IS VIEWED AS LEARNING RESILIENCE. THIS SENTIMENT IS ENCAPSULATED IN OUR VISION STATEMENT, "WE COMMIT TO OUR STUDENTS SO THEY WILL ACT JOYOUSLY UPON THEIR PASSIONS AND COURAGEOUSLY SEIZE ADVENTURES AND OPPORTUNITIES WE CANNOT FORESEE." (CONTINUED ON SCHEDULE O)OUR BEAUTIFUL TWELVE-ACRE, WATERFRONT CAMPUS WAS A SECOND HOME TO 440 STUDENTS ENROLLED DURING THE SCHOOL YEAR, RANGING FROM 8 WEEKS TO 8TH GRADE. WE ARE PROUD OF OUR EPISCOPAL ROOTS THAT HAVE HELPED US DEVELOP A COHESIVE, INCLUSIVE SENSE OF COMMUNITY THAT WELCOMES FAMILIES FROM ALL RELIGIOUS, RACIAL, ECONOMIC, AND GEOGRAPHICAL BACKGROUNDS. OVER THE LAST 55 YEARS, WE HAVE REMAINED MISSION-DRIVEN THROUGH OUR COMMITMENT TO RECRUITING TEACHERS NATIONALLY AND INTERNATIONALLY, WHO ARE TALENTED AND PASSIONATE; AND TO DEVELOPING PROGRESSIVE SIGNATURE PROGRAMS, PROJECTS, AND EXPERIENCES OUTSIDE OF THE CLASSROOM. MOST NOTABLY, WE HAVE INTRODUCED ROBOTICS, 3-D PRINTING, ACTING, PUBLIC SPEAKING, KAYAKING, PROTOTYPING, MARINE BIOLOGY, PERSONAL FINANCE, INTERNATIONAL TRIPS, ARCHERY, PADDLE BOARDING, SAILING, AND MANDARIN.THIS PROGRAMMING IS SUPPORTED THROUGH CONTINUAL CAPITAL IMPROVEMENTS THAT ARE STRATEGIC IN DESIGN. WE HAVE INVESTED SIGNIFICANT FUNDING TO PROVIDE THE LATEST TECHNOLOGY, CAMPUS SECURITY, AN MIT-APPROVED FABRICATION LAB, A STATE-OF-THE-ART WHITE BOX THEATER, EXPANDED INFANT AND TODDLER PROGRAMS AND CLASSROOMS, AND THE TAKE FIVE CAFE.IN FISCAL YEAR 2023, SAINT PAUL'S SCHOOL OPENED A PROGRAM FOR DYSLEXIC THINKERS IN GRADES 1-5. THE INAUGURAL PROGRAM IS THRIVING WITH TWO TEACHERS AND EIGHT STUDENTS. BOTH TEACHERS ARE TRAINED BY ORTON GILLINGHAM ACADEMY. PLANS ARE UNDERWAY FOR THE PROGRAM TO EXPAND INTO MIDDLE SCHOOL IN FISCAL YEAR 2024.

Expenses $7,114,773 · Revenue $7,412,129

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Elliott AndrewsELLIOTT ANDREWS

CHAIR

Total calculated

$0

Hours/week

3
Brad MeinckBRAD MEINCK

VICE CHAIR

Total calculated

$0

Hours/week

3
Matt MarquardtMATT MARQUARDT

SECRETARY

Total calculated

$0

Hours/week

3
Madison HauensteinMADISON HAUENSTEIN

MEMBER AT LARGE

Total calculated

$0

Hours/week

1
John AndersonJOHN ANDERSON

TRUSTEE

Total calculated

$0

Hours/week

1
Daniel DoyleDANIEL DOYLE

TRUSTEE

Total calculated

$0

Hours/week

1
Fayola GoldstoneFAYOLA GOLDSTONE

TRUSTEE

Total calculated

$0

Hours/week

1
Zafi McCordZAFI MCCORD

TRUSTEE

Total calculated

$0

Hours/week

1
Steve PoirierSTEVE POIRIER

TRUSTEE

Total calculated

$0

Hours/week

1
Lauren Vonderau-VeileLAUREN VONDERAU-VEILE

TRUSTEE

Total calculated

$0

Hours/week

1
Sally FisherSALLY FISHER

DEANERY REPRESENTATIVE

Total calculated

$0

Hours/week

1
Samantha CampbellSAMANTHA CAMPBELL

HEAD OF SCHOOL

Total calculated

$330,755

From this org

$312,617

From related orgs

$0

Other

$18,138

Hours/week

40

Schedule J breakdown matched by us

Base

$262,292

Bonus

$50,325

Other

$0

Deferred

$8,045

Nontaxable benefits

$10,093

Filer's total

$330,755
Stefanie CorlewSTEFANIE CORLEW

DIRECTOR OF FINANCE AND OPERATIONS

Total calculated

$149,336

From this org

$126,052

From related orgs

$0

Other

$23,284

Hours/week

40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

1a · Travel for companions
1a · Health or social club dues or initiation fees
1b · Written policy on the line-1a expenses
2 · Substantiation required before reimbursing expenses
3 · Independent compensation consultant
3 · Form 990 of other organizations
3 · Written employment contract
3 · Compensation survey or study
3 · Approval by the board or compensation committee

Answered no

4a · Severance or change-of-control payment
4b · Supplemental nonqualified retirement plan
4c · Equity-based compensation arrangement
5a · Pay contingent on this organization's revenues
5b · Pay contingent on a related organization's revenues
6a · Pay contingent on this organization's net earnings
6b · Pay contingent on a related organization's net earnings
7 · Other non-fixed payments
8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A: THE SCHOOL PAYS SOCIAL CLUB DUES FOR THE HEAD OF SCHOOL. THE CLUB MEMBERSHIP IS CONSIDERED A BUSINESS EXPENSE AND THUS IS NOT INCLUDED IN COMPENSATION. THE CLUB MEMBERSHIP IS USED FOR DONOR CULTIVATION AND NETWORKING WITHIN THE BELLEAIR COMMUNITY FOR PROSPECTIVE DONORS AND STUDENTS. THE SCHOOL PROVIDES FOR SPOUSAL TRAVEL FOR THE HEAD OF SCHOOL WHEN DEEMED APPROPRIATE AND/OR NECESSARY FOR SCHOOL RELATED BUSINESS PURPOSES.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type: form_990
Tax year: 2022
Filed: 15 August 2024
IRS schema version: 2022v5.0
Source object: 202442409349300744

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