2026-05-11T11:35:19-05:00 2025-06-30 872525370 CITRIN COOPERMAN ADVISORS LLC 500 EXCHANGE STREET SUITE 9-100 PROVIDENCE RI 02903 990 2024-07-01 050262717 ST ANDREW'S SCHOOL STAN 4012461230 63 FEDERAL ROAD BARRINGTON RI 02806 MICHAEL SMITH CFO 4012461230 2026-05-08 1 1 MONIKA YADAV P01473820 4014214800 2026-05-08 2024 2025-03-06 01:10:19Z MICHAEL SMITH 63 FEDERAL ROAD BARRINGTON RI 02806 24155601 0 X WWW.STANDREWS-RI.ORG X 1893 RI ST. ANDREW'S SCHOOL IS A NURTURING, CHALLENGING, AND SAFE EDUCATIONAL COMMUNITY SERVING STUDENTS IN GRADES 6-12 AND POSTGRADUATE (PG). OUR DEDICATED FACULTY AND STAFF EMBRACE, ENCOURAGE, EDUCATE, AND EMPOWER STUDENTS ONE MIND AT A TIME. OUR EPISCOPAL HERITAGE GUIDES OUR MORAL AND ETHICAL VALUES. ACADEMIC SUCCESS AND PERSONAL GROWTH ARE PROMOTED SO THAT STUDENTS CAN PURPOSEFULLY ENGAGE, SUCCEED, AND THRIVE IN SCHOOL AND IN LIFE. 25 25 127 140 4446 0 2185267 2820637 12893205 13749316 71173 553046 696709 119644 15846354 17242643 4087396 4285902 0 0 7301909 7612889 0 0 524976 6495239 6520625 17884544 18419416 -2038190 -1176773 63176484 62787959 21864023 20813911 41312461 41974048 X ST. ANDREW'S SCHOOL IS A NURTURING, CHALLENGING, AND SAFE EDUCATIONAL COMMUNITY SERVING STUDENTS IN GRADES 6-12 AND POSTGRADUATE (PG). OUR DEDICATED FACULTY AND STAFF EMBRACE, ENCOURAGE, EDUCATE, AND EMPOWER STUDENTS ONE MIND AT A TIME. OUR EPISCOPAL HERITAGE GUIDES OUR MORAL AND ETHICAL VALUES. ACADEMIC SUCCESS AND PERSONAL GROWTH ARE PROMOTED SO THAT STUDENTS CAN PURPOSEFULLY ENGAGE, SUCCEED, AND THRIVE IN SCHOOL AND IN LIFE. 0 0 14172846 4285902 13238684 ST. ANDREW'S SCHOOL IS CONSTITUTED FOR THE PURPOSE OF PROVIDING AN EDUCATIONAL OPPORTUNITY FOR BOTH BOARDING AND/OR DAY STUDENTS IN PRIMARY OR SECONDARY GRADES WHICH WILL PREPARE THEM FOR FUTURE EDUCATIONAL TRAINING (GRADES 6 - 12). 185350 0 530099 ST. ANDREW'S SCHOOL SUMMER PROGRAM PROVIDES A FUN AND DIVERSE QUALITY LEARNING EXPERIENCE THAT SUPPORTS THE LOCAL COMMUNITY AND IS A BRIDGE TO THE SCHOOL'S ACADEMIC SCHOOL YEAR. 14358196 1 1 0 0 0 0 0 0 0 1 1 1 0 1 0 1 1 0 1 0 1 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 42 0 1 127 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 25 25 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X MICHAEL SMITH 4012461230 63 FEDERAL ROAD BARRINGTON RI 02806 ANTON P GIEDT PRESIDENT 1.00 X X 0 0 0 BENJAMIN C WHITE VICE PRESIDENT 1.00 X X 0 0 0 JOEL E LEGON TREASURER 1.00 X X 0 0 0 ERIC B MACK SECRETARY 1.00 X X 0 0 0 JULIE A AVINA TRUSTEE 1.00 X 0 0 0 NINA BRODEUR TRUSTEE 1.00 X 0 0 0 DAVID A BROWN TRUSTEE 1.00 X 0 0 0 SEAN O COFFEY TRUSTEE 1.00 X 0 0 0 JOSEPH B FARMER TRUSTEE 1.00 X 0 0 0 PAMELA C FAULKNER TRUSTEE 1.00 X 0 0 0 JANET FOGARTY TRUSTEE 1.00 X 0 0 0 REV PATRICK J GREENE TRUSTEE 1.00 X 0 0 0 SOOHUEN HAM TRUSTEE 1.00 X 0 0 0 JOHN S HARKER TRUSTEE 1.00 X 0 0 0 PETER L HOLDEN TRUSTEE 1.00 X 0 0 0 DR TIMOTHY M JOHNSON TRUSTEE 1.00 X 0 0 0 RT REV W NICHOLAS KNISELY TRUSTEE 1.00 X 0 0 0 LT COL MICHAEL P MANNING TRUSTEE 1.00 X 0 0 0 SARA SHEA MCCONNELL TRUSTEE 1.00 X 0 0 0 CYD MCKENNA TRUSTEE 1.00 X 0 0 0 DEMETRIS NICHOLS TRUSTEE 1.00 X 0 0 0 KAREN A PELCZARSKI TRUSTEE 1.00 X 0 0 0 JAMES POWELL TRUSTEE 1.00 X 0 0 0 ALFRED J VERRECCHIA TRUSTEE 1.00 X 0 0 0 ROSE MARIE WALLACE TRUSTEE 1.00 X 0 0 0 DAVID TINAGERO HEADMASTER 40.00 X 351414 0 122976 MICHAEL SMITH ASST HEAD OF SCHOOL FOR FIN. AND OP 40.00 X 190750 0 33309 STEPHANIE MORIN ASST HEAD OF SCHOOL INSTRUCTIONAL ADVANCEMENT 40.00 X 156758 0 53443 COURTNEY PIERCE DIRECTOR OF LEARNING SERVICES 40.00 X 111752 0 53242 KERRIE DONAHUE DIRECTOR OF DEVELOPMENT 40.00 X 142455 0 28533 ALEXANDRA MCMULLEN ASST HEAD OF SCHOOLS ACADEMICS 40.00 X 135917 0 76824 1089046 0 368327 6 0 1 0 FLIK PO BOX 417632 BOSTON MA 02241 FOOD SERVICES 915218 RI ENERGY PO BOX 14497 ST LOUIS MO 63178 GAS & ELECTRIC 296785 SITE SPECIFIC 141 GANO STREET PROVIDENCE RI 02906 CONSTRUCTION 228032 WRIGHT SPECIALTY INSURANCE PO BOX 959482 ST LOUIS MO 63195 INSURANCE 219717 IMPERIAL BUILDING 144 ENTER BOULEVARD WARWICK RI 02888 CLEANING SERVICES 188159 7 213482 2607155 2820637 TUITION AND FEES 611110 13219217 13219217 SUMMER PROGRAMS 611110 434250 434250 AFTER SCHOOL PROGRAMS 611110 95849 95849 13749316 447955 4446 443509 80186 0 80186 80186 80186 6914992 6809901 105091 105091 105091 93444 213482 83973 9471 9471 38551 19084 19467 19467 10520 10520 10520 17242643 13768783 4446 648777 X 3286327 3286327 999575 999575 750329 646093 104236 5527105 4312080 946877 268148 186318 171503 10737 4078 739184 608342 101611 29231 409953 289805 97058 23090 13730 13730 48000 48000 126366 126366 1843538 1355758 479974 7806 55715 55715 155380 108661 31318 15401 52266 30879 14337 7050 767844 625995 130486 11363 130408 21651 78593 30164 859278 778506 80772 1180678 1100392 66118 14168 209850 195580 11752 2518 EVENTS AND ACTIVITIES 413677 354841 51113 7723 EDUCATION EXPENSES 388753 0 388753 0 RECRUITING EXPENSE 65174 0 65174 0 BAD DEBTS 50954 0 50954 0 159014 118301 40713 18419416 14358196 3536244 524976 877075 943813 405822 355067 1014809 416025 35988 17890 201321 141009 48566642 22701327 26694527 25865315 11402253 12106394 14622551 14801187 7922138 8141259 63176484 62787959 1309904 1025431 2084371 1767069 18360998 17933801 108750 87610 21864023 20813911 X 13922302 12979840 27390159 28994208 41312461 41974048 63176484 62787959 X -1176773 1619239 219121 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 25992053 275489 1729564 1762260 26234846 25032392 163905 2539029 1743273 25992053 23420986 187726 2567317 1143637 25032392 26626000 966019 -3057460 1113573 23420986 20465758 104451 6951246 895455 26626000 0.32033 0.49864 0.18103 1 0 879358 879358 44673710 19898718 24774992 2999159 2802609 196550 14415 14415 25865315 INTERNATIONAL EQUITY 7363703 C PRIVATE EQUITY 6185502 C SPRUCE PRIVATE FUNDS 1251982 C 14801187 BENEFICIAL INTEREST IN TRUSTS 8032030 INTEREST RATE SWAP ASSET 109229 8141259 X 14797273 1619239 322178 1941417 12855856 126366 4260421 4386787 17242643 14135686 103057 103057 14032629 126366 4260421 4386787 18419416 PART V, LINE 4: THE SCHOOL'S ENDOWMENT FUNDS ARE VARIED IN PURPOSE RANGING FROM SUPPORTING FACULTY SALARIES, TO PROVIDING NEED-BASED FINANCIAL AID FOR STUDENTS TO GENERAL BUDGETARY OPERATING SUPPORT. GENERALLY, THE GLOBAL PURPOSE OF THE ENDOWMENT IS TO PROVIDE CONTINUED SUPPORT FOR THE SCHOOL AND BE A FINANCIAL RESOURCE FOR THE SCHOOL TO ENSURE THAT IT CAN CONTINUE TO SUCCESSFULLY DELIVER ITS MISSION IN PERPETUITY. PART X, LINE 2: THE SCHOOL RECOGNIZES THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS "MORE LIKELY THAN NOT" THAT THE TAX POSITION WOULD BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES, BASED UPON THE TECHNICAL MERITS OF THE POSITION. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 19,084. CHANGE IN FAIR VALUE OF BENEFICIAL INTEREST 477,168. CHANGE IN INTEREST RATE SWAP CONTRACT -258,047. DIRECT FUNDRAISING EVENT EXPENSES 83,973. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 4,260,421. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 19,084. DIRECT FUNDRAISING EVENT EXPENSES 83,973. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 4,260,421. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL STATES THAT IT DOES NOT DISCRIMINATE ON THE BASIS OF RACE, CREED, COLOR OR SEX IN THE ADMINISTRATION OF ITS ADMISSIONS, FINANCIAL AID, EDUCATIONAL POLICIES, OR OTHER SCHOOL PROGRAMS IN THEIR CATALOG, ON THEIR WEBSITE, AND IN LOCAL NEWSPAPERS. SCHEDULE E, PART I, LINE 6 THROUGH THE FEDERAL INDIVIDUAL DISABILITY EDUCATION ACT (IDEA) OF 2005 CERTAIN ASPECTS OF MUNICIPAL SUPPORT AND EDUCATIONAL RESPONSIBILITY FOR STUDENTS WITH LEARNING DISABILITIES HAVE BEEN SHIFTED FROM THEIR TOWN OF RESIDENCE TO THE TOWN IN WHICH THE STUDENT IS EDUCATED/ATTENDING SCHOOL. CONSEQUENTLY, ACCORDING TO A PRE-DETERMINED FUNDING FORMULA BASED ON THE NUMBER OF ELIGIBLE STUDENTS WITH LEARNING DISABILITIES THAT THE SCHOOL EDUCATES, THE TOWN OF BARRINGTON IS REQUIRED BY LAW TO PROVIDE CERTAIN LEVELS OF EDUCATIONAL SUPPORT. FOR THE 2023-24 ACADEMIC YEAR THE SCHOOL RECEIVED SUPPORT IN THE AREAS OF SOCIAL SKILLS INSTRUCTION AND SUPPORT, MATH SUPPORT AND SIMILAR AREAS. WHILE THE SCHOOL RECEIVES THESE SERVICES NO FUNDS ARE ACTUALLY RECEIVED BY THE SCHOOL AND CONTRACTUAL RELATIONSHIPS AND PAYMENTS REMAIN BETWEEN THE TOWN AND CONTRACTOR AND OWNERSHIP OF ANY RELATED EDUCATIONAL EQUIPMENT ALSO REMAINS WITH THE TOWN AND NOT ST. ANDREW'S. 1 SOUTH ASIA 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION 82305 NORTH AMERICA 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION 177205 EAST ASIA AND THE PACIFIC 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION 82000 SOUTH AMERICA 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION 63000 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION 512565 CENTRAL AMERICA AND THE CARIBBEAN 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION 40000 SUB-SAHARAN AFRICA 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION 42500 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 INVESTMENTS 7363703 0 0 0 0 0 0 8363278 0 8363278 FINANCIAL AID - TUITION DISCOUNT SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 1 82305 BASED ON FINANCIAL NEED FMV FINANCIAL AID - TUITION DISCOUNT NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 1 49500 BASED ON FINANCIAL NEED FMV FINANCIAL AID - TUITION DISCOUNT NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 1 49305 BASED ON FINANCIAL NEED FMV FINANCIAL AID - TUITION DISCOUNT EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 1 10000 BASED ON FINANCIAL NEED FMV FINANCIAL AID - TUITION DISCOUNT SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLOMBIA, ECUADOR, 1 63000 BASED ON FINANCIAL NEED FMV FINANCIAL AID - TUITION DISCOUNT EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 1 46000 BASED ON FINANCIAL NEED FMV FINANCIAL AID - TUITION DISCOUNT EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 1 46130 BASED ON FINANCIAL NEED FMV FINANCIAL AID - TUITION DISCOUNT EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 1 51250 BASED ON FINANCIAL NEED FMV FINANCIAL AID - TUITION DISCOUNT EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 1 37000 BASED ON FINANCIAL NEED FMV FINANCIAL AID - TUITION DISCOUNT EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 1 34000 BASED ON FINANCIAL NEED FMV FINANCIAL AID - TUITION DISCOUNT EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 1 45555 BASED ON FINANCIAL NEED FMV FINANCIAL AID - TUITION DISCOUNT CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 1 40000 BASED ON FINANCIAL NEED FMV FINANCIAL AID - TUITION DISCOUNT NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 1 37500 BASED ON FINANCIAL NEED FMV FINANCIAL AID - TUITION DISCOUNT NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 1 40900 BASED ON FINANCIAL NEED FMV FINANCIAL AID - TUITION DISCOUNT EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 1 60250 BASED ON FINANCIAL NEED FMV FINANCIAL AID - TUITION DISCOUNT EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 1 7500 BASED ON FINANCIAL NEED FMV FINANCIAL AID - TUITION DISCOUNT EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 1 7500 BASED ON FINANCIAL NEED FMV FINANCIAL AID - TUITION DISCOUNT EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 1 57880 BASED ON FINANCIAL NEED FMV FINANCIAL AID - TUITION DISCOUNT EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 1 46000 BASED ON FINANCIAL NEED FMV FINANCIAL AID - TUITION DISCOUNT EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 1 25000 BASED ON FINANCIAL NEED FMV FINANCIAL AID - TUITION DISCOUNT EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 1 48500 BASED ON FINANCIAL NEED FMV FINANCIAL AID - TUITION DISCOUNT SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 1 42500 BASED ON FINANCIAL NEED FMV FINANCIAL AID - TUITION DISCOUNT EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 1 36000 BASED ON FINANCIAL NEED FMV FINANCIAL AID - TUITION DISCOUNT EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 1 36000 BASED ON FINANCIAL NEED FMV 0 0 0 0 0 0 PART I, LINE 2: THE SCHOOL OCCASIONALLY PROVIDES DISCOUNTED TUITION TO INTERNATIONAL STUDENTS IN THE FORM OF FINANCIAL AID. AS SUCH, WE DO NOT DISTRIBUTE GRANTS OR OTHERWISE MAKE PAYMENTS TO INTERNATIONAL STUDENTS. INSTEAD, WE LOWER THE AMOUNT OF THEIR FINANCIAL COMMITMENT TO THE SCHOOL. THESE DISCOUNTS ARE DISTRIBUTED BY THE FINANCIAL AID COMMITTEE, WHICH REVIEWS FAMILY FINANCIAL INFORMATION AND OTHER INPUTS TO ASSESS A FAMILY'S CAPACITY TO PAY AND PROVIDES THESE PARTIAL DISCOUNTS ACCORDINGLY. GALA 177713 138797 38916 2500 28093 6380 4365 GOLF 129213 74685 54528 2690 37555 2390 306926 213482 93444 5190 65648 6380 6755 83973 9471 1 FINANCIAL AID SCHOLARSHIPS 123 3260846 TUITION REDUCTION COLLEGE SCHOLARSHIPS 25 25481 PART I, LINE 2: THE SCHOOL OCCASIONALLY PROVIDES DISCOUNTED TUITION TO STUDENTS IN THE FORM OF FINANCIAL AID. AS SUCH, WE DO NOT DISTRIBUTE GRANTS OR OTHERWISE MAKE PAYMENTS TO STUDENTS. INSTEAD, WE LOWER THE AMOUNT OF THEIR FINANCIAL COMMITMENT TO THE SCHOOL. THESE DISCOUNTS ARE DISTRIBUTED BY THE FINANCIAL AID COMMITTEE, WHICH REVIEWS FAMILY FINANCIAL INFORMATION AND OTHER INPUTS TO ASSESS A FAMILY'S CAPACITY TO PAY AND PROVIDES THESE PARTIAL DISCOUNTS ACCORDINGLY. X 1 1 X X X X 0 0 0 0 0 0 0 1 0 DAVID TINAGERO HEADMASTER 326917 0 24113 0 384 0 25259 0 97717 0 474390 0 0 0 MICHAEL SMITH ASST HEAD OF SCHOOL FOR FIN. AND OP 182366 0 8000 0 384 0 8134 0 25175 0 224059 0 0 0 ALEXANDRA MCMULLEN ASST HEAD OF SCHOOLS ACADEMICS 135533 0 0 0 384 0 8082 0 68742 0 212741 0 0 0 STEPHANIE MORIN ASST HEAD OF SCHOOL INSTRUCTIONAL AD 156374 0 0 0 384 0 12591 0 40852 0 210201 0 0 0 KERRIE DONAHUE DIRECTOR OF DEVELOPMENT 142071 0 0 0 384 0 7646 0 20887 0 170988 0 0 0 COURTNEY PIERCE DIRECTOR OF LEARNING SERVICES 111387 0 0 0 365 0 0 0 53242 0 164994 0 0 0 PART I, LINE 1A THE HEADMASTER, DAVID J. TINAGERO, AND THE CHIEF FINANCIAL OFFICER, MICHAEL SMITH, ARE BOTH REQUIRED TO RESIDE IN SCHOOL HOUSING AS A CONDITION OF CONTINUED EMPLOYMENT WITH THE SCHOOL, AS WELL STEPHANIE MORIN, ASSISTANT HEAD OF SCHOOL FOR INSTITUTIONAL ADVANCEMENT, AND ALEXANDRA MCMULLEN, ASSISTANT HEAD OF SCHOOL FOR ACADEMICS. AN ESTIMATED MARKET VALUE APPROACH FOR COMPARABLE PROPERTIES WAS USED TO DETERMINE THE ESTIMATED VALUE OF THIS NON-TAXABLE BENEFIT. PART I, LINE 7 THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES SETS THE BASE COMPENSATION, BENEFITS AND THE CRITERIA FOR PERFORMANCE BONUSES FOR THE HEAD OF SCHOOL. THE BOARD OF TRUSTEES ANNUALLY APPROVES A COMPENSATION POOL FOR THE ORGANIZATION. WITHIN THIS COMPENSATION POOL, THE HEAD OF SCHOOL IS EMPOWERED TO SET COMPENSATION RATES AND AWARD MERIT OR PERFORMANCE BONUSES FOR THE REST OF THE ORGANIZATION. A RHODE ISLAND HEALTH AND EDUCATIONAL BUILDING CORPORATION 521300173 2018-10-31 20000000 SEE BELOW 0 0 0 A 1829924 20000000 278916 3881068 19341 1 0 0 1 A 0 0 0 0 0 0 0 A 0 0 0 1 1 0 0 0 1 A 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: RHODE ISLAND HEALTH AND EDUCATIONAL BUILDING CORPORATION DATE THE REBATE COMPUTATION WAS PERFORMED: 01/14/2021 SCHEDULE K, PART I, LINE A (F) THE RHODE ISLAND HOUSING AND EDUCATIONAL BUILDING CORPORATION ('RIHEBC") FACILITATED THE ISSUANCE OF EDUCATIONAL INSTITUTION REVENUE BONDS IN 2018 SERIES A AND 2018 SERIES B FORM. THE SERIES A BONDS ($16,030,318) WERE UTILIZED TO REFUND THE EXISTING RIHEBC SERIES 2013 BONDS, REFINANCING OF AN EXISTING EDUCATIONAL FACILITY LOAN AND PAY FOR CERTAIN EXPENSES OF ISSUANCE. THE RIHEBC SERIES B BOND REPRESENTS A NON-REVOLVING DRAW DOWN BOND ($3,969,682) WHERE PROCEEDS MUST BE UTILIZED PRIOR TO OCTOBER 31, 2023. CERTAIN EXPENSES OF ISSUANCE WERE PAID FROM THE SERIES B BOND, WITH THE BALANCE OF THE BOND AVAILABLE TO FUND THE ACQUISITION, CONSTRUCTION, RENOVATION AND EQUIPPING OF EDUCATIONAL / ATHLETIC FACILITIES AND VARIOUS OTHER CAPITAL RENOVATIONS AND IMPROVEMENTS TO THE INSTITUTIONS FACILITIES AND GROUNDS. FORM 990, PART VI, SECTION B, LINE 11B THE DOCUMENT IN ITS ENTIRETY WAS REVIEWED BY THE SCHOOL'S CHIEF FINANCIAL OFFICER, CONTROLLER, AND THE CHAIRMAN OF THE FINANCE COMMITTEE. THE HEAD OF SCHOOL WAS ALSO PROVIDED THE OPPORTUNITY FOR REVIEW. THE FULL DOCUMENT WITH SCHEDULE B DONOR NAMES AND ADDRESSES REDACTED WAS THEN PRESENTED FOR REVIEW OF THE FULL FINANCE COMMITTEE. THE DOCUMENT WITH THE SAME REDACTION WAS THEN MADE AVAILABLE TO THE FULL BOARD OF TRUSTEES PRIOR TO FILING. THE DONOR NAME AND ADDRESS REDACTIONS WERE MADE TO PRESERVE THE CONFIDENTIALITY OF DONORS INCLUDING THOSE WHO DONATE TO THE SCHOOL ANONYMOUSLY. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY THE SCHOOL REQUIRES THAT ALL DESIGNATED PERSONS INCLUDING BOARD MEMBERS, COMMITTEE MEMBERS AND SENIOR ADMINISTRATORS EXECUTE A NEW ANNUAL STATEMENT CERTIFYING THEIR COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. THE CURRENT CONFLICT OF INTEREST POLICY IS INTEGRATED BY A REFERENCE IN THE ANNUAL DISCLOSURE STATEMENT. THE POLICY REQUIRES THE DISCLOSURE OF ANY POTENTIAL OR ACTUAL CONFLICT THAT MAY OCCUR DURING THE YEAR AND DETAILS THE PENALTIES FOR NON-COMPLIANCE. THE CONFLICT OF INTEREST POLICY IS ALSO AN INTEGRAL PART OF THE SCHOOL'S EMPLOYEE HANDBOOK. FORM 990, PART VI, SECTION B, LINE 15 AFTER UTILIZING AN INDEPENDENT CONSULTANT IN THE INITIAL HIRING AND SALARY SETTING PROCESS FOR THE HEAD OF SCHOOL, THE COMPENSATION OF THE HEAD OF SCHOOL HAS BEEN DETERMINED PERIODICALLY BY THE EXECUTIVE COMMITTEE AND THE PRESIDENT OF THE BOARD OF TRUSTEES. SUCH COMPENSATION, WHICH WILL BE INCORPORATED INTO A WRITTEN EMPLOYMENT CONTRACT IS THEN APPROVED AND RATIFIED BY THE BOARD. IN DETERMINING THE COMPENSATION OF THE HEAD OF SCHOOL, FACTORS ENTERING INTO THE DECISION ARE PERFORMANCE-BASED, AS WELL AS MARKET-BASED. OUTSIDE OF PERFORMANCE, THE COMMITTEE WILL STUDY COMPENSATION FOR SIMILAR POSITIONS AT LOCAL, REGIONAL AND NATIONAL SCHOOLS OF SIMILAR SIZE AND STRUCTURE WHEN AVAILABLE, AS WELL AS EXAMINE AVAILABLE FORM 990'S FROM OTHER ORGANIZATIONS. THE SCHOOL'S OTHER KEY EMPLOYEE, THE CHIEF FINANCIAL OFFICER, HAS HIS/HER COMPENSATION DETERMINED ANNUALLY BY THE HEAD OF SCHOOL. THE COMPENSATION LEVEL IS DETERMINED BY HIS/HER LEVEL OF PERFORMANCE, AS WELL AS GENERAL MARKET CONDITIONS. TOOLS UTILIZED IN THE DETERMINATION OF SALARY INCLUDE YEARS OF EXPERIENCE IN AND OUTSIDE OF THE SCHOOL INDUSTRY, LOCAL, REGIONAL AND NATIONAL COMPENSATION LEVELS FOR SIMILAR RESPONSIBILITIES, SURVEY DATA, AS WELL AS COMPARISONS TO FORM 990'S FROM OTHER SIMILAR INSTITUTIONS OR THOSE WHERE THE INCUMBENT MAY BE QUALIFIED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 1,298,236. MANAGEMENT AND GENERAL EXPENSES 49,767. FUNDRAISING EXPENSES 4,640. TOTAL EXPENSES 1,352,643. PROFESSIONAL FEES AND SERVICES: PROGRAM SERVICE EXPENSES 57,522. MANAGEMENT AND GENERAL EXPENSES 430,207. FUNDRAISING EXPENSES 3,166. TOTAL EXPENSES 490,895. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF BENEFICIAL INTEREST IN TRUSTS 477,168. CHANGE IN FAIR VALUE OF INTEREST RATE SWAP CONTRAT -258,047. THE LESTER B KEATS TRUST C/O VANLIEW TRUST COMPANY 1 US-1 PROVIDENCE RI 02903 BENEFICIAL INTEREST IN TRUST RI ST ANDREW'S SCHOOL T 171950 4595111 0.66670 1 THE LINDA D KEATS TRUST C/O VANLIEW TRUST COMPANY 1 US-1 PROVIDENCE RI 02903 BENEFICIAL INTEREST IN TRUST RI ST ANDREW'S SCHOOL T 133014 3572167 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0