Saint Marys School
- Assets
- $84.6m
- Revenue
- $36.0m
- Investments
- $1.0m
- Employees
- 198
- Location
- Raleigh, NC
- Founding
- 02/1938
- Data as of
- 06/2022
- 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 06/2022, Saint Marys School employed 198 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 06/2022, Saint Marys School generated $36.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $18.8m during the year ending 06/2022. While expenses have increased by 3.3% per year over the past 7 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
2022
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 | $319,034 |
Carol Meyers Asst Head Of School | Officer | 40 | $232,693 |
Julie Ricciardi Director Of Development | Officer | 40 | $176,552 |
Robert Weltz Athletic Director | 40 | $114,651 | |
Terence Wright Director Of Planned Giving | 40 | $127,827 | |
Michelle Lammon Chief Financial Officer / Chief Operations Officer | Officer | 40 | $124,051 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Legacy Custom Homes Inc Construction | 6/29/22 | $400,000 |
Flik Independent School Services Food And Dining Services | 6/29/22 | $1,362,844 |
Baker Roofing Roof Replacement | 6/29/22 | $319,498 |
Newcomb And Company Hvac Repair And Replacement | 6/29/22 | $140,282 |
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 | $18,862,803 |
| Noncash contributions included in lines 1a–1f | $5,936,522 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,862,803 |
| Total Program Service Revenue | $13,620,533 |
| Investment income | $634,940 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,433,670 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $36,030,346 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,726,250 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $891,025 |
| Compensation of current officers, directors, key employees. | $891,025 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,280,047 |
| Pension plan accruals and contributions | $247,569 |
| Other employee benefits | $764,505 |
| Payroll taxes | $499,849 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $32,922 |
| Fees for services: Accounting | $77,304 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $10,950 |
| Fees for services: Investment Management | $157,326 |
| Fees for services: Other | $547,634 |
| Advertising and promotion | $254,547 |
| Office expenses | $774,906 |
| Information technology | $551,879 |
| Royalties | $0 |
| Occupancy | $689,073 |
| Travel | $49,353 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $102,712 |
| Interest | $147,562 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,540,094 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $18,824,083 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,420 |
| Savings and temporary cash investments | $9,099,774 |
| Pledges and grants receivable | $2,926,000 |
| Accounts receivable, net | $32,395 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $54,350 |
| Prepaid expenses and deferred charges | $120,561 |
| Net Land, buildings, and equipment | $25,343,078 |
| Investments—publicly traded securities | $45,541,173 |
| Investments—other securities | $1,010,553 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $453,779 |
| Total assets | $84,583,083 |
| Accounts payable and accrued expenses | $611,651 |
| Grants payable | $0 |
| Deferred revenue | $414,445 |
| 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 | $4,938,996 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,870,565 |
| Total liabilities | $9,835,657 |
| Net assets without donor restrictions | $18,578,430 |
| Net assets with donor restrictions | $56,168,996 |
| 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 | $84,583,083 |