<p>St. Pauls School is being
audited by the Internal Revenue
Service, according to
reports by the New
York Times and the
Associated Press.<br>
The I.R.S
requested St. Pauls
tax data and statements from the
2001-2002 tax year.
Although the cause of the audit
remains unknown, the school
has been criticized by alumni
and parents in the past for alleged
financial mismanagement.
Two years ago, the New
Hampshire Attorney Generals
office conducted a review of St.
Pauls School. They noted the
abnormally high salaries for the
schools rector, Bishop Craig B.
Anderson, and vice rector, Rev.
Sharon D. Hennessey. In fiscal
year 2003, Dr. Anderson received
$502,394, including benefits, while </p>
<p>Dr. Hennessey received $321,269.<br>
The rectors total compensation
and benefits are currently double
his original salary when he took the
job eight years ago, according to the<br>
Times.
When the New Hampshire
attorney general began the original
investigation, the Wall Street
Journal reported that money from
the Rectors Discretionary Fund
intended for the school was being
used by the rector and his family to
pay for fees at a yacht club, a country
club, and at the Canyon Ranch Spa.<br>
The attorney generals office
reached an agreement with the
school to limit the pay of its top two
administrators, to establish more
stringent internal controls over the
discretionary fund, and to submit
its tax data for review by a group of
experts.<br>
Both the rector and the vice
rector accepted a voluntary 10
percent pay cut as part of the deal,
and any further raises will be pegged
to general faculty pay raises.<br>
After the cuts, Dr. Anderson
will earn $452,000 annually and Dr.
Hennessey $297,000.
The I.R.S., the New Hampshire
Attorney Generals office, and
the school have agreed that there
are inconsistencies in the filing of---- don't have rest of article</p>
<p>Yeah, exactly. If the government was that interested though, then I think they'll be keeping a pretty good watch on it. And they'd have paid attention to it over the past five or six years, since it was committed in '01-'02, as the article said. They would have noticed a new scandal.</p>
<p>they do.. for financial aid there you have to send in all forms and new tax forms (of the current year, whereas all other schools require the past year) by jan. 8 or something like hthat. so yeah, they're doing something.</p>
<p>The rector and vice rector involved were fired, and the investigations are over. It had nothing to do with financial aid. The alumni were enraged and, as you note, the state and the federal government have been following sps closely. It is probably the most carefully run school in the country right now. </p>
<p>It is a terrific place, and this story should have no influence on student's interest in sps. I believe they had their most competitive admissions season ever last year.</p>
<p>this is no new news...but st paul seems to be recovering from that scandal...according to my friend whose cousin went to SPS, most locals turned to support concord and had no respect for SPS at one point
"I believe they had their most competitive admissions season ever last year."
every school did</p>
<p>Being a student at SPS I would like to mention that this money that was being accepted by the previous rector did not come from the financial aid department, unlike the title says. St. Paul's has arguably the best financial aid department of any boarding school. Every year they pay 95% of my tuition whereas the standardized form for financial aid (the one not associated with any particular school) reccommmends my family pay 25%. The FinAid department is awesome.</p>