Saint Marys School
- Assets
- $74.6m
- Revenue
- $23.1m
- Investments
- $588.5k
- Employees
- 155
- Location
- Raleigh, NC
- Founding
- 02/1938
- Data as of
- 06/2021
- EIN
- 56-0532314
Organization Overview
Saint Marys School is located in Raleigh, NC. The organization was established in 1938. According to its NTEE Classification (B41) the organization is classified as: Two-Year Colleges, under the broad grouping of Education and related organizations. As of 06/2021, Saint Marys School employed 155 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Saint Marys School is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Saint Marys School generated $23.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $18.5m during the year ending 06/2021. While expenses have increased by 3.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SAINT MARY'S SCHOOL IN RALEIGH, NORTH CAROLINA, IS AN INDEPENDENT, COLLEGE-PREPARATORY GIRLS BOARDING AND DAY SCHOOL DEDICATED TO ACADEMIC EXCELLENCE AND PERSONAL ACHIEVEMENT FOR GRADES 9 - 12.
Describe the Organization's Program Activity:
EDUCATIONAL ACTIVITIES AND SUPPORT AND AID FOR APPROXIMATELY 300 STUDENTS, INCLUDING A BOARDING PROGRAM FOR STUDENTS AND FACULTY WHO SO CHOOSE, AS WELL AS OTHER AUXILIARY SERVICES TO FURTHER ACADEMIC ACHIEVEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brendan O'shea Head Of School | Officer | 40 | $303,356 |
Sarah H Woods Chief Financial Officer | Officer | 40 | $165,902 |
Julie Ricciardi Director Of Development | Officer | 40 | $154,399 |
Lauren Gerber Director Of Marketing And Communications | 40 | $125,997 | |
Kimberly Slade Director Of Admissions | 40 | $125,719 | |
Leslie Owen Dean Of Faculty | 40 | $120,266 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Flik Independent School Services Food And Dining Services | 6/29/21 | $1,046,611 |
Baker Roofing Roof Replacement | 6/29/21 | $217,835 |
Newcomb And Company Hvac Repair And Replacement | 6/29/21 | $178,646 |
Williams Realty And Building Company Inc Construction | 6/29/21 | $171,839 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,660,612 |
| Noncash contributions included in lines 1a–1f | $1,889,015 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,660,612 |
| Total Program Service Revenue | $13,162,838 |
| Investment income | $431,190 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,557,644 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,129,284 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,011,875 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $843,416 |
| Compensation of current officers, directors, key employees. | $843,416 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,217,462 |
| Pension plan accruals and contributions | $262,072 |
| Other employee benefits | $755,216 |
| Payroll taxes | $491,188 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $30,963 |
| Fees for services: Accounting | $103,205 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $43,005 |
| Fees for services: Investment Management | $126,566 |
| Fees for services: Other | $620,782 |
| Advertising and promotion | $257,348 |
| Office expenses | $526,548 |
| Information technology | $570,548 |
| Royalties | $0 |
| Occupancy | $640,769 |
| Travel | $18,501 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $93,470 |
| Interest | $254,772 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,530,720 |
| Insurance | $0 |
| All other expenses | $35,658 |
| Total functional expenses | $18,482,199 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,420 |
| Savings and temporary cash investments | $10,990,568 |
| Pledges and grants receivable | $2,651,139 |
| Accounts receivable, net | $40,643 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $124,295 |
| Prepaid expenses and deferred charges | $147,263 |
| Net Land, buildings, and equipment | $25,580,322 |
| Investments—publicly traded securities | $34,006,770 |
| Investments—other securities | $588,544 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $459,400 |
| Total assets | $74,590,364 |
| Accounts payable and accrued expenses | $839,458 |
| Grants payable | $0 |
| Deferred revenue | $405,341 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $7,913,972 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,433,064 |
| Total liabilities | $12,591,835 |
| Net assets without donor restrictions | $17,830,395 |
| Net assets with donor restrictions | $44,168,134 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $74,590,364 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Saint Marys School has recieved totaling $5,500.
| Awarding Organization | Amount |
|---|---|
David & Elisabeth Nimocks Foundation Inc Fayetteville, NC PURPOSE: PROVIDE FUNDS FOR OPERATIONS | $3,000 |
John And Mary Camp Foundation Crozier, VA PURPOSE: RELIGION | $2,000 |
Anonymous Trust Raleigh, NC PURPOSE: MATCHING GIFT FOR GENERAL OPERATING SUPPORT | $500 |
Endowment Analysis
| Beg. Balance | $26,820,791 |
| Earnings | $2,036,184 |
| Admin Expense | $126,566 |
| Net Contributions | $953,240 |
| Other Expense | $353,327 |
| Grants | $615,742 |
| Ending Balance | $28,714,580 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Young Harris College Young Harris, GA | $174,387,873 | $47,760,154 |
William Peace University Raleigh, NC | $89,474,772 | $34,889,332 |
Truett Mcconnell University Inc Cleveland, GA | $54,652,969 | $32,427,096 |
Southern Virginia University Buena Vista, VA | $37,155,964 | $26,776,085 |
Spartanburg Methodist College Spartanburg, SC | $52,317,686 | $26,371,934 |
Martin Methodist College Pulaski, TN | $36,451,504 | $26,683,667 |
Louisburg College Louisburg, NC | $47,886,546 | $23,005,525 |
Saint Marys School Raleigh, NC | $74,590,364 | $23,129,284 |
Andrew College Cuthbert, GA | $29,741,190 | $11,623,662 |
Pellissippi State Community College Foundation Knoxville, TN | $20,765,427 | $1,042,268 |
Clinton College Rock Hill, SC | $6,214,571 | $5,235,874 |
Wilkes Community College Foundation Inc Wilkesboro, NC | $12,311,546 | $8,211,087 |