2024-02-22T20:26:14-06:00 2023-06-30 SMITH & HOWARD ADVISORY LLC 271 17TH STREET NW SUITE 1600 ATLANTA GA 30363 990 2022-07-01 560530248 ASHEVILLE SCHOOL INC % HANES SWINGLE ASHE 8282546345 360 Asheville School Road Asheville NC 28806 ANTHONY SGRO Head of School 8282546345 2024-05-15 true ANTHONY SGRO 999009999 SABRE J LINAHAN P01372980 4048746244 2024-05-15 2022 2023-04-26 12:10:37Z DR ANTHONY SGRO 360 Asheville School Road Asheville NC 28806 48055619 false X WWW.ASHEVILLESCHOOL.ORG X 1900 NC TO PREPARE STUDENTS FOR THEIR FUTURE AND TO PROVIDE A DIVERSE, ENGAGED, AND SMALL SCHOOL COMMUNITY ATMOSPHERE THAT ALLOWS THEM TO STRIVE FOR EXCELLENCE. 21 21 155 160 0 6001195 2116119 18374376 19441256 5915424 1015261 333977 349752 30624972 22922388 3459354 4131535 0 0 9881019 10122900 0 0 1330157 8070353 9546629 21410726 23801064 9214246 -878676 109072100 112516620 6960810 6741358 102111290 105775262 X TO PREPARE OUR STUDENTS FOR COLLEGE AND FOR LIFE AND TO PROVIDE AN ATMOSPHERE IN WHICH ALL MEMBERS OF A DIVERSE, ENGAGED, AND PURPOSEFULLY SMALL SCHOOL COMMUNITY APPRECIATE AND STRIVE FOR EXCELLENCE - AN ATMOSPHERE THAT NURTURES CHARACTER AND FOSTERS THE DEVELOPMENT OF MIND, BODY, AND SPIRIT. false false 20104675 4131535 19642155 Asheville School's primary program service is the education of students in grades 9 through 12. Students are entrusted to our care for four transformative years that shape their character and direct their path. Through a rigorous academic curriculum and exploration of co-curricular interests, expectations are set high for our students. Our students graduate fully prepared for college and a life of purpose. 20104675 true true false false false false false true true true true true false false true true true false true false true false true false false false false false true true true false false false false false true false false false false true false false false false true false false false true 39 0 true 155 true false false false false false false false false false false false false X 21 21 false false false false false false false true true false false true true true true true true true false false NC X HANES SWINGLE 8282546345 360 ASHEVILLE SCHOOL ROAD ASHEVILLE NC 28806 X Anthony H Sgro Head of School/Secretary 50.0 0.0 X 547454 0 51842 Scott Miller School Counselor 40.0 0.0 X 105444 0 84690 Ashly Maag Director of Advancement 40.0 0.0 X 110837 0 23178 CARL BOLAND ATHLETIC DIRECTOR 40.0 0.0 X 126194 0 4481 Rob McArthur DEPARTING CFOO 50.0 0.0 X 103722 0 19823 FRANK KRIEGLER FACULTY 40.0 0.0 X 108193 0 632 CHRISTOPHER ARBOR FACULTY 40.0 0.0 X 102720 0 5480 Caroline B Seay INCOMING CFOO 50.0 0.0 X 94805 0 10428 Walter G Cox Jr Chair 4.0 0.0 X X 0 0 0 Lara Glass Co-Vice-Chair 1.0 0.0 X X 0 0 0 Thomas H Shores Jr Co-Vice-Chair 1.0 0.0 X X 0 0 0 Jose A Gonzalez Treasurer 1.0 0.0 X X 0 0 0 Thomas E Cone Trustee 1.0 0.0 X 0 0 0 Dana Corsello Trustee 1.0 0.0 X 0 0 0 Elizabeth P Ewing Trustee 1.0 0.0 X 0 0 0 Miya R Gray Trustee 1.0 0.0 X 0 0 0 Alex J Hagan Trustee 1.0 0.0 X 0 0 0 Mary Robinson Hervig Trustee 1.0 0.0 X 0 0 0 Doug Hutcherson Trustee 1.0 0.0 X 0 0 0 Elizabeth Klump Trustee 1.0 0.0 X 0 0 0 Janet Ley Trustee 1.0 0.0 X 0 0 0 Marcellus C Parker Trustee 1.0 0.0 X 0 0 0 Dexter V Perry Trustee 1.0 0.0 X 0 0 0 Oliver G Prince JR Trustee 1.0 0.0 X 0 0 0 Hyde Russell Trustee 1.0 0.0 X 0 0 0 Scott E Shealy Trustee 1.0 0.0 X 0 0 0 David M Stover Trustee 1.0 0.0 X 0 0 0 Morgan Mischer Warth Trustee 1.0 0.0 X 0 0 0 John W Willingham Trustee 1.0 0.0 X 0 0 0 1299369 0 200554 7 false true false SAGE DINING SERVICES INC 1402 YORK ROAD LUTHERVILLE MD 21093 FOOD SERVICE 2061519 RLC SERVICE GROUP INC 103 S BEAR CREEK RD ASHEVILLE NC 28806 CONSTRUCTION 726672 US SECURITY ASSOCIATES INC 156 TUNNEL RD ASHEVILLE NC 28805 SECURITY 399394 BUDD GROUP INC 2325 S STRATFORD ROAD WINSTONSALEM NC 27103 CLEANING 309506 ADVANCED DATA AND NETWORK SOLUTIONS 60 RAVENSCROFT DR ASHEVILLE NC 28801 IT SERVICES 281473 15 2116119 113393 2116119 TUITION AND FEES 611710 18565671 18565671 STUDENT ACTIVITIES 875585 875585 19441256 1252728 1252728 0 0 127884 127884 0 127884 127884 24799748 39907 25016223 60899 -216475 -20992 -237467 -237467 0 0 0 0 0 0 77637 56109 21528 21528 MISCELLANEOUS 200340 200340 200340 22922388 19641596 1164673 0 3105315 3105315 1026220 1026220 0 900571 751261 77419 71891 0 6780546 5618089 646627 515830 601921 518796 12 83113 1305721 1192032 13279 100410 534141 442568 50938 40635 0 66597 66597 58082 58082 0 0 440565 440565 330820 829 171602 158389 118165 15138 103027 325611 233629 79815 12167 367918 212809 155109 0 1927453 1820398 16680 90375 195615 124353 35306 35956 0 72224 72224 65559 65559 0 1831943 1831943 213046 213046 CONTRACT SERVICES 1903414 1903414 STUDENT ACTIVITIES 1168196 878980 190380 98836 MEMBERSHIP AND DUES 120356 63340 53444 3572 MEALS AND ENTERTAINMENT 84029 69917 14112 257036 10374 127679 118983 23801064 20104675 2366232 1330157 X 1500 1250 15105750 12341724 2731429 2182418 63119 95777 0 400000 0 0 0 0 36651 24271 447226 608260 54610242 28758458 23694310 25851784 54687559 58131232 10529818 11302924 0 0 42897 33866 1731841 1543114 109072100 112516620 715922 715165 0 0 2831702 3103358 3010000 2390000 4390 0 0 0 50000 0 0 0 348796 532835 6960810 6741358 X 44999936 38395781 57111354 67379481 102111290 105775262 109072100 112516620 X -878676 4573855 -31207 X false true X true false X 3950756 2493734 4876946 4963487 2116119 18401042 0 0 3950756 2493734 4876946 4963487 2116119 18401042 2055296 16345746 1155385 922002 552608 1392071 1380612 5402678 0 0 23803720 87623378 0.68669 0.75470 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 97500 X X study painting techniques false false true X 63910438 848157 4963654 1781207 67941042 74747303 2226603 -10569084 666214 1828170 63910438 53410657 4296614 19036195 686108 1310055 74747303 55189838 423481 -15481 679509 1507672 53410657 52339711 957846 4219387 676399 1650707 55189838 0.06980 0.62890 0.30130 true false 807910 807910 47025162 23684276 23340886 4222847 4053689 169158 2554323 1020493 1533830 25851784 HEDGE FUNDS 7707151 OTHER INVESTMENTS 3595773 11302924 0 LEASE OBLIGATION 384958 ANNUITY PAYABLE 147877 532835 X 22892936 4573855 4573855 18319081 440565 4162742 4603307 22922388 19228964 19228964 440565 4131535 4572100 23801064 PART IV, LINE 2B THESE ARE FUNDS HELD FOR STUDENTS AND AT THE END OF THE FISCAL YEAR, THE ORGANIZATION DID NOT HAVE ANY ESCROW ARRANGEMENTS ON THE BALANCE SHEET at year-end. PART V THE SCHOOL'S ENDOWMENT FUNDS ARE USED TO SUPPLEMENT INSTRUCTIONAL AND FINANCIAL AID EXPENSES. PART X, LINE 2 The School is a tax exempt entity under Section 501(c)(3) of the Internal Revenue Code (the "Code"). Only unrelated business income, as defined by Section 512(a)(1) of the Code, is subject to income taxes. The School annually evaluates all federal and state income tax positions. This process includes an analysis of whether these income tax positions the School takes meet the definition of an uncertain tax position under the Income Taxes Topic of the Financial Accounting Standards Codification. In general, the School is no longer subject to tax examinations for tax years ending before June 30, 2020. PART XI, LINE 4B $4,131,535 : FINANCIAL AID $31,207 : Change in value of Split Interest Agreement ------------- $4,162,742 PART XII, LINE 4B FINANCIAL AID: $4,131,535 true true true true true true true false false false false false false false false false false true PART I, LINE 3 THE SCHOOL MEETS THE REQUIREMENTS THROUGH REV. PROC 75-50, 1975-2 C.B. 587, SEC. 4 GUIDELINES .03, SUBSECTION 2.C. "(C) IF A SCHOOL CUSTOMARILY DRAWS IT STUDENTS FROM LOCAL COMMUNITIES AND FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY AS TO STUDENTS, THE PUBLICITY REQUIREMENT MAY BE SATISFIED BY COMPLYING WITH SECTION 4.02, SUPRA. SUCH A SCHOOL MAY DEMONSTRATE THAT IT FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY WITHIN THE MEANING OF THE PRECEDING SENTENCE BY SHOWING THAT IT CURRENTLY ENROLLS STUDENTS OF RACIAL MINORITY GROUPS IN MEANINGFUL NUMBERS." THE POLICY IS AVAILABLE ON THE SCHOOL'S WEBSITE. true Central America and the Caribbean 0 0 Investments Investment Funds 22872501 Sub-Saharan Africa 0 0 Investments Investment Funds 1866180 Europe (Including Iceland and Greenland) 0 0 Grantmaking Financial Aid 469550 North America 0 0 Grantmaking Financial Aid 263535 Central America and the Caribbean 0 0 Grantmaking Financial Aid 168035 Middle East and North Africa 0 0 Grantmaking Financial Aid 83250 East Asia and the Pacific 0 0 Grantmaking Financial Aid 34850 South America 0 0 Grantmaking Financial Aid 7000 0 0 0 0 25764901 25764901 SCHOLARSHIPS/FINANCIAL AID Europe (Including Iceland and Greenland) 10 469550 FINANCIAL AID BOOK SCHOLARSHIPS/FINANCIAL AID North America 5 263535 FINANCIAL AID BOOK SCHOLARSHIPS/FINANCIAL AID Central America and the Caribbean 4 168035 FINANCIAL AID BOOK SCHOLARSHIPS/FINANCIAL AID Middle East and North Africa 5 83250 FINANCIAL AID BOOK SCHOLARSHIPS/FINANCIAL AID East Asia and the Pacific 1 34850 FINANCIAL AID BOOK SCHOLARSHIPS/FINANCIAL AID South America 1 7000 FINANCIAL AID BOOK true false true true true false PART IV, LINE 3 ASHEVILLE SCHOOL HAD OWNERSHIP IN CERTAIN FOREIGN CORPORATIONS (INVESTMENTS) DURING THE TAX YEAR. THE INVESTMENT AMOUNT WAS NOT HIGH ENOUGH TO RENDER THE FILING OF FORM 5471. PART IV, LINE 4 ASHEVILLE SCHOOL (THE ORGANIZATION) IS AN INVESTOR IN ONE OR MORE "PASSIVE FOREIGN INVESTMENT COMPANIES" (PFICS). THE ORGANIZATION DID NOT RECEIVE ANY TAXABLE DISTRIBUTIONS FROM ANY OF THE PFICS DURING THE FISCAL YEAR ENDED JUNE 30, 2023. FORM 8621 IS NOT BEING FILED, PURSUANT TO IRS GUIDANCE SET FORTH IN REG. SEC. 1.1291-1 (E). true SCHOLARSHIPS/FINANCIAL AID 89 3105315 FMV FINANCIAL AID PART I, LINE 2 PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS: ASHEVILLE SCHOOL TRACKS DISTRIBUTIONS FROM THE FUNDS THAT ARE SPECIFICALLY RESTRICTED FOR A DESIGNATED PURPOSE AND COMPARES IT TO FUNDS AWARdED TO STUDENTS TO ENSURE THERE ARE NO VIOLATIONS OF DONOR INTENT. A SPREADSHEET IS ALSO KEPT DETAILING EACH STUDENT TO RECEIVE A SCHOLARSHIP, ALONG WITH THEIR GRADE AND AMOUNT AWARDED. X X true true X X X X X false false false false false false false false false Anthony H Sgro Head of School/Secretary 388844 0 0 158610 0 30500 0 22056 0 600010 0 0 0 Scott Miller School Counselor 105444 0 0 0 0 0 11600 0 73574 0 190618 0 0 0 A NC CAPITAL FACILITIES FINANCE AGENCY 561592154 2014-10-16 7185000 CAPITAL EXPENDITURES true false false A 4200000 595000 7185000 0 0 0 112885 0 0 7072115 0 0 2004 true false true true A false false false false 0 true false false false A false false false false false false 0 false 0 false false A false caroline b seay CFOO (September 2023) HOME PURCHASE X 400000 400000 false true true 400000 X 329 FMV X 10 113064 FMV false true true PART I, COLUMN B COLUMN B REPORTS THE NUMBER OF CONTRIBUTIONS. PART I, LINE 32B ASHEVILLE SCHOOL USES UBS FINANCIAL SERVICES AS A THIRD PARTY TO SELL DONATED STOCK. FORM 990, PART VI, LINE 11B THE FORM 990 IS PREPARED BY INDEPENDENT ACCOUNTANTS, REVIEWED BY THE AUDIT COMMITTEE, AND THEN REVIEWED BY THE ENTIRE BOARD OF TRUSTEES PRIOR TO FILING. FORM 990, PART VI, LINE 12C IN THE EVENT THERE SHOULD ARISE AN ACTUAL OR POTENTIAL CONFLICT BETWEEN THE INTEREST OF THE SCHOOL AND THE INTEREST OF THE TRUSTEE OR MEMBER OF THE ADMINISTRATION, THEN THE TRUSTEE OR MEMBER OF THE ADMINISTRATION INVOLVED MUST DISCLOSE THE EXISTENCE OF THE CONFLICT OR POSSIBLE CONFLICT TO THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES AND TO THE HEAD OF SCHOOL. FORM 990, PART VI, LINE 15A THE HEAD OF SCHOOL'S COMPENSATION IS SET BY THE BOARD'S COMPENSATION COMMITTEE WITH COMPARABILITY DATA INCLUDING BENCHMARK DATA FROM THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS (NAIS), THE DATA REPORTED IN SIMILAR SCHOOLS' FORM 990'S, AND SEARCH CONSULTANT'S FEEDBACK. COMPENSATION OF OFFICERS AND KEY EMPLOYEES IS DETERMINED BY THE HEAD OF SCHOOL WHO USES BENCHMARK DATA FROM THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS (NAIS) AND OTHER SIMILAR SCHOOLS' FORM 990'S, AND SALARY SURVEY DATA FOUND ON VARIOUS SALARY WEBSITES. FORM 990, PART VI, LINE 19 THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC VIA THE OFFICE OF THE ASSISTANT HEAD OF SCHOOL FOR OPERATIONS. A PUBLIC INSPECTION COPY OF FORM 990 IS ALSO AVAILABLE AT GUIDESTAR.ORG. FORM 990, PART XI, LINE 9 $31,207 Change in value of Split Interest Agreement The Frank S Smith III CRT 40 Burton Hills Blvd Nashville TN 37215 INVESTING NC CUMBERLAND TRUST 0 49857 0.60000 false