2026-07-09T11:17:12-05:00 2025-08-31 141442607 BST & CO CPAS LLP 10 BRITISH AMERICAN BLVD LATHAM NY 12110 990 2024-09-01 980013401 ST STEPHEN'S SCHOOL STST 2125057409 244 FIFTH AVENUE 2296 NEW YORK NY 10001 ELIZABETH MORRIS CHAIR 2125057409 2026-07-07 1 0 NICHOLAS MURABITO P02354743 5184596700 2026-07-07 2024 2025-03-06 01:10:19Z ELIZABETH MORRIS 244 FIFTH AVENUE 2296 NEW YORK NY 10001 24401272 0 X WWW.SSSROME.IT X 1962 CT THE SCHOOL IS AN INDEPENDENT SCHOOL PROVIDING EDUCATION, INSTRUCTION FOR STUDENTS IN GRADE NINE THROUGH TWELVE OPERATING IN ROME, ITALY. 22 19 13 22 0 0 299658 787713 12104409 13580075 1509501 669595 604154 1177696 14517722 16215079 631072 658376 0 0 6525932 7176341 55000 77618 380799 5932801 7295251 13144805 15207586 1372917 1007493 25709589 28622448 14177930 14676296 11531659 13946152 REVENUES PROVIDE FOR THE PRIMARY OBJECTIVES OF THE SCHOOL: ACADEMIC EXCELLENCE, THE FOSTERING OF SENSE OF FELLOWSHIP AMONG STUDENTS AND FACULTY, AND THE PROMOTION OF STUDENTS AS INDEPENDENT, RESPONSIBLE AND RESPONSIVE CONTRIBUTING MEMBERS OF THE LARGER WORLD COMMUNITY. 0 0 10045126 658376 14752829 A CO-ED HIGH SCHOOL (THE SCHOOL) THAT OPERATES IN ROME, ITALY. THE SCHOOL IS OPEN TO AMERICANS AND STUDENTS FROM OTHER COUNTRIES, AND IS COMPRISED OF A MULTI-RACIAL STUDENT BODY. CURRENTLY, THE SCHOOL HAS 306 STUDENTS ENROLLED, WITH 46 NATIONALITIES REPRESENTED. 10045126 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 1 1 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 2 0 1 13 1 0 1 IT 0 0 0 0 0 0 0 0 0 0 X 22 19 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 AK AL AR CT FL GA IL KS KY MA MD ME MI MO MN MS NC NE NH NY OH OK OR PA RI TN WA WI NM X X X MARIO BERRUTI 2125057409 VIA AVENTINA 3 ROME IT 06901 ELIZABETH MORRIS CHAIR 1.00 X X 0 0 0 DANIELA SALVIONI 1ST VICE CHAIR 1.00 X X 0 0 0 RICHARD ROUTHIER TRUSTEE 1.00 X 0 0 0 CHRISTIAN BASTIAN SECRETARY 1.00 X X 0 0 0 ROHIT AGGARWALA TRUSTEE 1.00 X 0 0 0 STEPHEN ALTSCHUL TRUSTEE 1.00 X 0 0 0 SANDRA CRAIG TRUSTEE 1.00 X 0 0 0 KATE FISCHER TRUSTEE 1.00 X 0 0 0 MASSIMO ELSER TRUSTEE 1.00 X 0 0 0 REGINA GAMBINO TRUSTEE 1.00 X 0 0 0 WILLIAM GRUY TRUSTEE 1.00 X 0 0 0 HELEN HANNICK TRUSTEE 1.00 X 0 0 0 DINA KAPLAN TRUSTEE 1.00 X 0 0 0 DEBORAH PACKER MUMM TREASURER 1.00 X X 0 0 0 NATASHA PALLADINO TRUSTEE 1.00 X 0 0 0 FRANCESCO CESARINI TRUSTEE 1.00 X 0 0 0 JEFFREY SCHON TRUSTEE 1.00 X 0 0 0 ERICA DORNBURG TRUSTEE 1.00 X 0 0 0 SHALOM JOSEPH TRUSTEE 1.00 X 0 0 0 INGE WEUSTINK TRUSTEE 1.00 X 0 0 0 REBECCA ESTROM TRUSTEE 1.00 X 0 0 0 JILL DIANE SWISHER HEAD OF SCHOOL 40.00 X 363293 0 137986 363293 0 137986 1 0 1 0 VIVENDA VIA FRANCESCO ANTOLISEI 25 ROMA IT CATERING 1314892 SIWIEC MACIEJ WERNER VIA DEI TERRENI 38 SUTRI VITERBO IT CONSTRUCTION 326539 ENDERED ITALIA SPA VIA GB PIRELLI 18 MILANO ITALIA IT RESTAURANT CONTRACT 212186 CLAMA SRL VIA BORGO VITTORIO 84 ROMA ITALIA IT MAINTENANCE 201024 HUMMUSTOWN SOCIETA COOPERATIVA VIALE DELLE ACCADEMIE 79 ROMA IT CATERING 178183 9 11687 776026 84275 787713 TUITION AND FEES 611600 13580075 13580075 13580075 466366 466366 8389422 8186193 203229 203229 203229 OTHER INCOME 611710 1177696 1172754 4942 1177696 16215079 14752829 0 674537 658376 658376 532394 341723 190671 6643947 4264485 2379462 63822 63822 11714 11714 77618 77618 115317 115317 230748 38390 192358 2183058 1418988 654917 109153 18208 18208 493062 394450 73959 24653 GENERAL ADMINISTRATION 1490848 812916 542446 135486 STUDENT SERVICES 1001073 1001073 STUDENT ACTIVITIES 595916 595916 EXTERNAL AFFAIRS 565806 535352 30454 525679 518809 3435 3435 15207586 10045126 4781661 380799 1985215 1424416 5101068 4971322 66500 348600 89229 0 18514 19467 547606 707559 13033683 9265608 3134573 3768075 14533846 17146977 233038 236032 25709589 28622448 689959 597810 8445764 9360960 566109 554799 4476098 4162727 14177930 14676296 X 0 0 0 0 11531659 13946152 11531659 13946152 25709589 28622448 X 1007493 1090296 316704 X 0 1 X 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1407724 353410 1054314 10180187 7939676 2240511 1146879 746042 400837 298893 226480 72413 3768075 OTHER LIABILITIES 1407608 LONG TERM DEBT - TFR 2432974 CONTINGENCY RESERVE 215314 DEFERRED COMPENSATION PAYABLE 106831 4162727 X 16830178 1090296 -359880 730416 16099762 115317 115317 16215079 14415685 0 14415685 115317 676584 791901 15207586 PART X, LINE 2: ST. STEPHEN'S FILES A FORM 990 ANNUALLY WITH THE INTERNAL REVENUE SERVICE. WHEN ANNUAL RETURNS ARE FILED, SOME TAX POSITIONS TAKEN ARE HIGHLY CERTAIN TO BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES, WHILE OTHER TAX POSITIONS ARE SUBJECT TO UNCERTAINTY ABOUT THE TECHNICAL MERITS OF THE POSITION OR AMOUNT OF THE POSITION'S TAX BENEFIT THAT WOULD ULTIMATELY BE SUSTAINED. MANAGEMENT EVALUATED ST. STEPHEN'S TAX POSITIONS, INCLUDING THAT ST. STEPHEN'S IS EXEMPT FROM TAXES AND NOT SUBJECT TO INCOME TAXES ON UNRELATED BUSINESS INCOME, AND CONCLUDED THAT ST. STEPHEN'S HAD TAKEN NO TAX POSITIONS THAT REQUIRED ADJUSTMENT IN ITS FINANCIAL STATEMENTS AS OF AUGUST 31, 2025 AND 2024. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID AND DISCOUNTS -658,376. CURRENCY EXCHANGE RATE 316,704. INTEREST EXPENSE -18,208. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AND DISCOUNTS 658,376. INTEREST EXPENSE 18,208. 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 DOES NOT USE RADIO, TELEVISION, OR NEWSPAPER ADVERTISEMENTS TO SOLICIT FOR PROSPECTIVE STUDENT APPLICANTS. THE RACIALLY NONDISCRIMINATORY POLICY IS DISPLAYED IN THE SCHOOL'S APPLICATION, APPEARS ON THE SCHOOL'S WEBSITE, AND IS PUBLISHED IN THE STUDENT HANDBOOK. SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVES ASSISTANCE FROM THE GOVERNMENT FOR SUPPORTING FINANCIAL AID. 0 ROME, ITALY 1 76 PROGRAM SERVICES EDUCATION 14972046 1 76 0 0 1 76 14972046 0 14972046 FINANCIAL AID ASSISTANCE ROME, ITALY 42 658376 REDUCTION OF EDUCATION COSTS FMV 0 0 0 0 0 0 X 0 SARAH SPRINKLE PHILANTHROPY 84 TALTON ROAD KATHLEEN GA 31047 STRATEGIC DEVELOPMENT INITIATIVES 0 0 77618 -77618 77618 -77618 NY CT DC CO AL AK AR FL GA IL KS KY ME MD MA MI MN MS MO NE NH NM NC OH OK OR PA RI TN WA WI X X 0 0 0 0 0 0 0 0 0 JILL DIANE SWISHER HEAD OF SCHOOL 363293 0 0 0 0 0 52451 0 85535 0 501279 0 0 0 X 4 84275 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE COMMITTEES WHO HAVE THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS EXAMINED BY THE ORGANIZATION'S BUSINESS MANAGER AND UPON APPROVAL, IT IS SUBMITTED TO THE CHAIRMAN OF THE BOARD OF TRUSTEES FOR SIGNING. FORM 990, PART VI, SECTION B, LINE 12C WHEN AN ACTUAL, PERCEIVED, OR POTENTIAL CONFLICT IS IDENTIFIED BY ANY PERSON, SUCH PERSON OR BOARD MEMBER MUST FULLY DISCLOSE THE CONFLICT TO THE BOARD CHAIR AND, WHERE APPROPRITATE, TO ALL BOARD OR COMMITTEE/TASKFORCE MEMBERS. THE CHAIR DEVELOPS AN APPROPRIATE RESPONSE, INCLUDING, WHERE NECESSARY, DISQUALIFICATION FROM VOTING AND DISCUSSION, AND ANY REMEDIAL ACTION. THE BOARD, COMMITTEE, OR TASKFORCE MUST AGREE IN MAJORITY ON THE OPTION OR COMBINATION OF OPTIONS TO BE TAKEN IN ANY GIVEN CONFLICT OF INTEREST SITUATION. FORM 990, PART VI, SECTION B, LINE 15 THE CHAIR OF THE BOARD AND THE HEAD OF THE SEARCH COMMITTEE/TRUSTEE NEGOTIATED THE HEAD OF SCHOOL'S WRITTEN EMPLOYMENT CONTRACT. THE BOARD OF TRUSTEES APPROVED THE HEAD OF SCHOOL'S HIRING AFTER THE EMPLOYMENT CONTRACT WAS NEGOTIATED AND FINALIZED. EACH YEAR, THE BOARD REVIEWS THE HEAD OF SCHOOL'S PERFORMANCE EVALUATION AND APPROVES ANY DISCRETIONARY BONUS OFFERED. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL'S POLICY MANUAL IS AVAILABLE VIA DIGITAL OR HARD COPY UPON REQUEST. FORM 990, PART XI, LINE 9: CURRENCY EXCHANGE RATE 316,704.