2025-03-31T13:35:06-05:00 2024-06-30 882730877 CHERRY BEKAERT ADVISORY LLC 200 SOUTH 10TH ST STE 900 RICHMOND VA 23219 990 2023-07-01 510206215 ST MARGARET'S SCHOOL FOUNDATION STMA 8046735700 444 WATER LANE TAPPAHANNOCK VA 22560 ANN PECK BOARD CHAIR 8046735700 2025-03-28 1 0 MELANIE MCPEAK P01346034 8046735700 2023 2025-03-06 01:10:19Z ANN PECK 444 WATER LANE TAPPAHANNOCK VA 22560 3544140 0 X SMS.ORG X 1977 VA TO FOSTER AND PROMOTE THE WELFARE AND DEVELOPMENT OF ST. MARGARET'S SCHOOL. 9 9 0 9 0 0 756574 3387971 0 0 84845 156169 0 0 841419 3544140 2181930 2152048 0 0 0 0 0 0 0 14303 29978 2196233 2182026 -1354814 1362114 3021392 4381533 0 0 3021392 4381533 X THE MISSION OF THE FOUNDATION IT TO PAISE FUNDS IN SUPPORT OF ST. MARGARET'S SCHOOL, A CHURCH SCHOOL IN THE EPISCOPAL DIOCESE OF VIRGINIA. THE SCHOOL OFFERS HIGH SCHOOL GIRLS COLLEGE PREPARATORY EDUCATION THROUGH A COMMUNITY OF TEACHERS AND STAFF COMMITED THEIR GROWTH AND DEVELOPMENT. 0 0 2152048 2152048 THE FOUNDATION MAKES GRANTS TO ST. MARGARET'S SCHOOL TO ENABLE THE SCHOOL TO PROVIDE SCHOLARSHIPS TO NEEDY STUDENTS AND SUPPORT ITS FACULTY. ST. MARGARET'S SCHOOL CURRENTLY ENROLLS 68 STUDENTS, WITH MORE THAN $2 MILLION IN FINANCIAL ASSISTANCE AWARDED TO THE SCHOOL. IN ADDITION, THE GRANTS TO THE SCHOOL ARE UTILIZED FOR VARIOUS BUILDING PROJECTS AS WELL AS TEACHERS' BENEFITS AND FACULTY SUPPORT. 2152048 1 1 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 1 0 1 0 0 0 1 1 1 1 1 1 0 0 0 VA X HOS COLLEY BELL 8044433357 444 WATER LANE TAPPAHANNOCK VA 22560 X ANN COURTLAND PECK BOARD CHAIR 1.00 X X 0 0 0 PATRICIA GALLAGHER DIRECTOR 1.00 X 0 0 0 STEVEN CRAWFORD DIRECTOR 1.00 X 0 0 0 BILL CROXTON DIRECTOR 1.00 X 0 0 0 PETTUS LECOMPTE DIRECTOR 1.00 X 0 0 0 BOYD SPENCER DIRECTOR 1.00 X 0 0 0 MARY BETH ZAEHRINGER DIRECTOR 1.00 X 0 0 0 ELIZABETH HINTON CROWTHER DIRECTOR 1.00 X 0 0 0 HENRY R BROADDUS DIRECTOR 1.00 X 0 0 0 ELIZABETH HANSON CHIEF FINANCIAL OFFICER 1.00 X 0 0 0 0 0 0 0 0 0 0 0 3387971 3387971 156169 156169 3544140 0 0 156169 2152048 2152048 27035 27035 2943 2943 2182026 2152048 29978 0 226655 445030 98189 56604 446 2696102 3879899 3021392 4381533 0 0 X 2378307 3864550 643085 516983 3021392 4381533 3021392 4381533 X 1362114 -1973 X 0 1 X 1 0 X 2485255 2338838 2047814 756574 3387971 11016452 2485255 2338838 2047814 756574 3387971 11016452 3125281 7891171 170275 28701 4926 84845 156169 444916 3085 3272 53 6410 11467778 0.68810 0.77780 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 332494 698 333192 326195 6299 332494 326893 -698 326195 323525 3368 326893 407376 -8851 75000 323525 1.00000 0 0 0 CSDV FUNDS 3879899 F 3879899 X 3781988 239821 -1973 237848 3544140 0 3544140 2421847 239821 239821 2182026 0 2182026 PART V, LINE 4: THE FOUNDATION'S ENDOWMENT CONSISTS OF TEN INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES ON BEHALF OF ST. MARGARET'S SCHOOL TO HELP SUPPORT THE EDUCATIONAL MINISTRY, FACULTY SALARY ENHANCEMENT, AND STUDENT FINANCIAL AID. THE PERCENTAGE REPORTED FOR PERMANENT ENDOWMENTS INCLUDES AMOUNTS THAT MUST BE MAINTAINED IN PERPETUITY AS WELL AS ACCUMULATED EARNINGS ON SUCH AMOUNTS THAT HAVE NOT YET BEEN APPROPRIATED FOR EXPENDITURE. PART X, LINE 2: MANAGEMENT HAS EVALUATED THE EFFECT OF THE GUIDANCE PROVIDED BY U.S. GAAP ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT BELIEVES THAT THE FOUNDATION CONTINUES TO SATISFY THE REQUIREMENTS OF A TAX-EXEMPT ORGANIZATION AT JUNE 30, 2024. MANAGEMENT HAS EVALUATED ALL OTHER TAX POSITIONS THAT COULD HAVE A SIGNIFICANT EFFECT ON THE FINANCIAL STATEMENTS AND DETERMINED THE FOUNDATION HAD NO UNCERTAIN INCOME TAX POSITIONS AT JUNE 30, 2024. PART XI, LINE 2D - OTHER ADJUSTMENTS: BAD DEBT EXPENSE -1,973. 1 CSDV - ST MARGARET'S SCHOOL 444 WATER LANE TAPPAHANNOCK VA 22560 540505886 501(C)(3) 756328 0 ANNUAL GIVING FOR SCHOOL OPERATIONS CSDV - ST MARGARET'S SCHOOL 444 WATER LANE TAPPAHANNOCK VA 22560 540505886 501(C)(3) 1395720 0 SCHOLARSHIPS 1 0 PART I, LINE 2: GRANTS ARE DISTRIBUTED TO ST. MARGARET'S SCHOOL FOR VARIOUS RESTRICTED AND UNRESTRICTED PURPOSES. THE FUNDS ARE REVIEWED BY THE SCHOOL ACCOUNTING OFFICE AND ITS DEDICATED ACCOUNTANT FOR THE FOUNDATION ACCOUNTING. FORM 990, PART VI, SECTION A, LINE 7A THE PRESIDENT OF THE CHURCH SCHOOLS IN THE DIOCESE OF VIRGINIA AND THE ST. MARGARET'S SCHOOL BOARD OF GOVERNORS HAS THE RIGHT TO ELECT 2 BOARD MEMBERS. ST. MARGARET'S SCHOOL BOARD CHAIR IS AUTOMATICALLY A VOTING MEMBER OF THE ST. MARGARET'S SCHOOL FOUNDATION BOARD. FORM 990, PART VI, SECTION A, LINE 8B THE QUESTION IS NOT APPLICABLE AS THERE ARE NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT AND THE BOARD CHAIR REVIEW THE FORM 990. A COPY OF THE 990 IS PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD MEMBERS ARE REQUIRED TO SIGN A STATEMENT EACH YEAR ACKNOWLEDGING THAT THEY UNDERSTAND AND AGREE TO ABIDE BY THE CONFLICTS OF INTEREST POLICY. IN THE EVENT THAT A BOARD MEMBER HAS A POTENTIAL CONFLICT OF INTEREST DURING THE YEAR, SUCH BOARD MEMBER SHALL RECUSE HIMSELF/HERSELF FROM ALL DISCUSSIONS OR VOTE ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 QUESTIONS 15A AND 15B ARE NOT APPLICABLE BECAUSE THERE ARE NO EMPLOYEES OF THE FOUNDATION. INDIVIDUALS WHO PERFORM SERVICES FOR THE FOUNDATION ARE EMPLOYED BY ST. MARGARET'S SCHOOL. THE SCHOOL'S COMPENSATION POLICIES ARE FOLLOWED WHEN DETERMINING COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. FORM 990, PART XI, LINE 9: BAD DEBT EXPENSE -1,973.