2024-04-09T18:55:09-05:00 2023-06-30 882730877 CHERRY BEKAERT ADVISORY LLC 1111 METROPOLITAN AVE STE 900 CHARLOTTE NC 28204 990 2022-07-01 560615187 CHRIST SCHOOL INC CHRI 8286846232 500 CHRIST SCHOOL ROAD ARDEN NC 28704 SEAN K JENKINS HEAD OF SCHOOL 8286846232 2024-03-19 1 SEAN JENKINS 999009999 1 AMY DOSIK P00890743 7043771678 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z SEAN K JENKINS 500 CHRIST SCHOOL ROAD ARDEN NC 28704 19887630 0 X WWW.CHRISTSCHOOL.ORG X 1907 NC CHRIST SCHOOL IS A BOYS COLLEGE PREPARATORY SCHOOL FOR BOTH BOARDING AND DAY STUDENTS IN GRADES 8-12. OPEN TO STUDENTS WORLDWIDE, ITS MISSION IS TO PRODUCE EDUCATED MEN OF GOOD CHARACTER, PREPARED FOR BOTH SCHOLASTIC ACHIEVEMENT IN COLLEGE AND PRODUCTIVE CITIZENSHIP IN ADULT SOCIETY. 23 23 153 0 0 0 3620181 2701798 15249246 16095712 3467638 -550480 62697 17754 22399762 18264784 5548260 6092434 0 0 8118398 8894634 0 0 1310875 5314647 6172516 18981305 21159584 3418457 -2894800 45623697 46581215 1010497 2559677 44613200 44021538 X THE MISSION OF THE SCHOOL IS TO PRODUCE EDUCATED MEN OF GOOD CHARACTER, PREPARED FOR BOTH SCHOLASTIC ACHIEVEMENT IN COLLEGE AND PRODUCTIVE CITIZENSHIP IN ADULT SOCIETY. 0 0 17310135 6092434 16095712 AS A COLLEGE PREPARATORY SCHOOL FOR NEARLY 300 BOYS IN GRADES 8-12, THE SCHOOL PREPARES ITS STUDENTS FOR SUCCESS AND ACHIEVEMENT IN LEADING COLLEGES IN THE UNITED STATES. CLASSES ARE SMALL, BUT DEMANDING, AND ARE BUILT AROUND CRITICAL THINKING THROUGH RESEARCH, INCISIVE ANALYSIS, AND GOOD WRITING WITH 30 HONORS LEVEL AND 18 ADVANCED PLACEMENT COURSES OFFERED. THE SCHOOL EXPECTS ALL STUDENTS TO BECOME INDEPENDENT LEARNERS, EXPAND THEIR INTELLECTUAL CURIOSITY, AND TO DEMONSTRATE IMPROVEMENT AND MASTERY IN THE DIFFICULT MATERIAL WITH WHICH THEY ARE CHALLENGED. THE SCHOOL ENCOURGAGES EACH STUDENT IN THE NURTURING ENVIRONMENT OF A CLOSE-KNIT CAMPUS TO DEVELOP ACADEMICALLY TO HIS MAXIMUM POTENTIAL. STUDENT SUPPORT SERVICES PROVIDE FOR THE FOOD, HOUSING, EDUCATIONAL, AND WELLNESS NEEDS OF THE SCHOOL'S STUDENTS AND INCLUDE EXPENSES FOR DINING HALL SERVICES, DORMITORIES, THE SCHOOL BOOKSTORE, AND THE CAMPUS WELLNESS CENTER. THE SCHOOL PROVIDES A VARIETY OF EXTRACURRICULAR OPPORTUNITIES FOR STUDENTS, INCLUDING COMPETITIVE SPORTS, STUDENT GOVERNMENT, CLUBS, AND COMMUNITY SERVICE ACTIVITIES. 17310135 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 1 24 0 1 153 1 0 0 0 0 0 0 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 1 1 0 X TONYA RICHARDSON 8286846232 500 CHRIST SCHOOL ROAD ARDEN NC 28704 JOHN S BEARD BOARD PRESIDENT 5.00 0.00 X 0 0 0 RONALD E BRUMLEY VICE PRESIDENT 2.00 0.00 X 0 0 0 BLAKE GRAEBER TREASURER 2.00 0.00 X 0 0 0 FRANKLIN ADAMS DIRECTOR 1.00 0.00 X 0 0 0 WILL BYRON DIRECTOR 1.00 0.00 X 0 0 0 CALVIN COVINGTON DIRECTOR 1.00 0.00 X 0 0 0 FLEMING EDWARDS DIRECTOR 1.00 0.00 X 0 0 0 MIKE GRACE DIRECTOR 1.00 0.00 X 0 0 0 WALTER HANNAH DIRECTOR 1.00 0.00 X 0 0 0 JOHN HINE DIRECTOR 1.00 0.00 X 0 0 0 NAT HYDE DIRECTOR 1.00 0.00 X 0 0 0 DICK JENNINGS DIRECTOR 1.00 0.00 X 0 0 0 MARIA JOHNSON DIRECTOR 1.00 0.00 X 0 0 0 JOHN KIMBERLY DIRECTOR 1.00 0.00 X 0 0 0 JOHN KNAPP DIRECTOR 1.00 0.00 X 0 0 0 DORIS LOOMIS DIRECTOR 1.00 0.00 X 0 0 0 LEE ANNE MANGONE DIRECTOR 1.00 0.00 X 0 0 0 SCOTT MONTGOMERY DIRECTOR 1.00 0.00 X 0 0 0 DANIEL MURCHISON DIRECTOR 1.00 0.00 X 0 0 0 SEAN SCOTT DIRECTOR 1.00 0.00 X 0 0 0 JACK SMALLPAGE DIRECTOR 1.00 0.00 X 0 0 0 TOWNSEND TANNER DIRECTOR 1.00 0.00 X 0 0 0 JOSH WHITNEY DIRECTOR 1.00 0.00 X 0 0 0 MARK WHITNEY DIRECTOR 1.00 0.00 X 0 0 0 WILL WILLIMON DIRECTOR 1.00 0.00 X 0 0 0 ELTON WRIGHT DIRECTOR 1.00 0.00 X 0 0 0 STEVE YOUNG DIRECTOR 1.00 0.00 X 0 0 0 SEAN JENKINS HEAD OF SCHOOL 40.00 0.00 X 359875 0 54259 DWIGHT PHILIPS CFO 40.00 0.00 X 131750 0 23665 KATHERINE ELLIS DIRECTOR OF ADVANCEMENT 40.00 0.00 X 137900 0 20754 DANIEL ELMER DIRECTOR OF FACILITIES 40.00 0.00 X 114348 0 18519 KIRK BLACKARD DIRECTOR OF COLLEGE GUIDANCE 40.00 0.00 X 108438 0 17943 852311 0 135140 5 0 1 0 SAGE DINING SERVICES 1402 YORK RD LUTHERVILLE MD 21093 FOOD SERVICE 1352178 COOPER CONSTRUCTION PO BOX 806 HENDERSONVILLE NC 28793 CONSTRUCTION 714883 SPARKLING CLEANING & JANITORIAL SERVICES PO BOX 486 ARDEN NC 28704 SERVICE 254922 PREMIER SPORTS LIGHTING LLC 2100 CHESPARK DRIVE GASTONIA NC 28052 SERVICE 227430 FIRST TEAM SPORTS 2520 WADE HAMPTON BLVD GREENVILLE SC 29615 MERCHANDISE 155080 5 344052 2357746 153120 2701798 TUITION AND FEES 611110 15630100 15630100 SUMMER PROGRAMS 611110 243151 243151 BOOKSTORE 611110 222461 222461 16095712 437327 437327 635039 1622846 -987807 -987807 -987807 17754 17754 17754 18264784 16095712 0 -532726 6092434 6092434 569549 387293 182256 4386951 3078753 854517 453681 541301 386242 104343 50716 523213 439282 54010 29921 2873620 2731619 97318 44683 119046 119046 411508 34749 376759 547051 52537 243509 251005 8787 8787 1265839 1150329 35023 80487 134335 56248 43144 34943 1092442 859793 171958 60691 188134 188134 STUDENT ACTIVITIES 957744 957744 DINING HALL 727641 727641 BOOK STORE 184812 184812 SUMMER PROGRAMS 170659 170659 364518 242026 122492 21159584 17310135 2538574 1310875 1641119 535636 1868514 1555177 172045 461325 79619 85835 105279 122878 245380 303093 52319823 30319223 20867140 22000600 17729607 19458179 2914994 2058492 45623697 46581215 8500 758739 766487 14115 24390 200000 1750000 29143 18800 1010497 2559677 X 23458702 23110266 21154498 20911272 44613200 44021538 45623697 46581215 X -2894800 2262964 40174 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 19132066 1047079 1575261 1634832 20119574 21273710 1440431 -2697512 884563 19132066 16189617 2257292 3611563 784762 21273710 15428783 1005954 426558 671678 16189617 13828589 1506085 720662 626553 15428783 0.14950 0.85050 1 0 500 500 40640555 24098058 16542497 4178425 3811100 367325 7500343 2410065 5090278 22000600 DEPOSIT 18800 18800 X 14356442 2262964 40174 2303138 12053304 119046 6092434 6211480 18264784 14948104 0 14948104 119046 6092434 6211480 21159584 PART IV, LINE 2B: IN 2017, THE SCHOOL BEGAN TO PROVIDE CERTAIN KEY EMPLOYEES THE OPPORTUNITY TO DEFER CURRENT COMPENSATION UNDER 457(B) AND 457(F) PLANS. THE SCHOOL HOLDS THE DEFERRED AMOUNTS, PLUS ANY EARNINGS, FOR THEIR BENEFIT. DEFERRALS UNDER THE 457(B) PLAN ARE ELECTIVE WHILE DEFERRALS UNDER THE 457(F) PLAN ARE FUNDED BY THE SCHOOL. PARTICIPANTS ARE REQUIRED TO COMMENCE BENEFIT PAYMENTS NO EARLIER THAN 60 DAYS FOLLOWING SEPARATION FROM SERVICE AND NO LATER THAN ACHIEVING THE AGE OF 70 OR AS OTHERWISE LIMITED BY THE PLAN DOCUMENTS. TOTAL CONTRIBUTIONS TO THE PLANS WERE $10,000 FOR THE YEARS ENDED JUNE 30, 2023 AND 2022. THE FAIR VALUE OF THE PLAN ASSETS TOTALED $20,000 AND $10,000 AS OF JUNE 30, 2023 AND 2022, RESPECTIVELY, AND ARE REFLECTED AS ASSETS HELD FOR EMPLOYEES ON THE STATEMENTS OF FINANCIAL POSITION WITH AN EQUAL RELATED LIABILITY PRESENTED AS DUE TO EMPLOYEES. THE SCHOOL'S POLICY IS TO RECOGNIZE THE FAIR VALUE OF INVESTMENT HELD BY THE PLAN AND AN OFFSETTING LIABILITY UNTIL BENEFITS ARE DISTRIBUTED, AT WHICH TIME THE ASSET AND LIABILITY ARE REMOVED FROM THE SCHOOL'S BOOKS. PART V, LINE 4: THE SCHOOL'S ENDOWMENT CONSISTS OF APPROXIMATELY 50 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. ITS ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. THE SCHOOL HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. THESE FUNDS ARE USED TO ACHIEVE EDUCATIONAL GOALS AND MEET BUDGETARY NEEDS. 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: THE SCHOOL IS EXEMPT FROM FEDERAL AND STATE INCOME TAXATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. HOWEVER, INCOME UNRELATED TO ITS EXEMPT FUNCTION, IF ANY, IS SUBJECT TO INCOME TAXATION. MANAGEMENT BELIEVES THAT THE SCHOOL CONTINUES TO SATISFY THE REQUIREMENTS OF A TAX-EXEMPT ORGANIZATION AND IS NOT SUBJECT TO TAX. NO PROVISION FOR INCOME TAXES HAS BEEN REFLECTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN INTEREST IN PERPETUAL TRUST 40,174. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID EXPENSES NETTED WITH REVENUE 6,092,434. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID EXPENSES NETTED WITH REVENUE 6,092,434. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL POSTS INFORMATION ON ITS WEBSITE ABOUT ITS RACIALLY NONDISCRIMINATORY POLICY. 1 MERIT SCHOLARSHIP 35 339790 PUBLISHED TUITION RATES TUITION REDUCTION FINANCIAL AID 175 5667862 PUBLISHED TUITION RATES TUITION REDUCTION PART I, LINE 2: THE SCHOOL AWARDS A LIMITED NUMBER OF MERIT SCHOLARSHIPS EACH YEAR TO STUDENTS BASED ON DEMONSTRATED RECORDS OF ACADEMIC EXCELLENCE AND LEADERSHIP POTENTIAL IN ATHLETICS, SCOUTING, COMMUNITY SERVICE, SPIRITUAL PURSUITS, AND OTHER ACTIVITIES. THE SCHOOL ALSO SPONSORS NEED-BASED FINANCIAL AID GRANTS TO ADMITTED STUDENTS WITH DEMONSTRATED NEED ON A FIRST-COME, FIRST-SERVE BASIS. SUBSEQUENT YEARS' FINANCIAL ASSISTANCE DEPENDS UPON A STUDENT'S FAMILY DEMONSTRATING NEED ANNUALLY. IN ADDITION, THE STUDENT RECIPIENT OF SUCH ASSISTANCE MUST MAKE SATISFACTORY ACADEMIC PROGRESS (AS DEFINED IN THE STUDENT HANDBOOK) AND MAINTAIN GOOD CITIZENSHIP AS A MEMBER OF THE SCHOOL COMMUNITY. X X 1 1 X X X 0 0 0 0 0 0 0 0 0 SEAN JENKINS HEAD OF SCHOOL 329875 0 30000 0 0 0 27408 0 26851 0 414134 0 0 0 KATHERINE ELLIS DIRECTOR OF ADVANCEMENT 132400 0 5500 0 0 0 13240 0 7514 0 158654 0 0 0 DWIGHT PHILIPS CFO 126250 0 5500 0 0 0 12625 0 11040 0 155415 0 0 0 PART I, LINE 1A FOR THE HEAD OF SCHOOL AND DIRECTOR OF EXTERNAL AFFAIRS, THE SCHOOL PROVIDES A PERSONAL RESIDENCE ON CAMPUS. USE OF THIS RESIDENCE IS A CONDITION OF EMPLOYMENT SO THAT THESE INDIVIDUALS CAN BE AVAILABLE FOR THE NEEDS OF THE SCHOOL. THE SCHOOL HAS A CLUB MEMBERSHIP REGISTERED IN THE HEAD OF SCHOOL'S NAME. THE CLUB IS USED FOR VARIOUS EVENTS THE SCHOOL HOLDS DURING THE YEAR. BOTH BENEFITS ARE TREATED AS NON-TAXABLE. X 9 153120 FMV 0 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY MANAGEMENT. THE PUBLIC DISCLOSURE COPY OF FORM 990 IS PROVIDED TO THE BOARD PRIOR TO FILING. THE PUBLIC DISCLOSURE COPY IS USED TO PROTECT DONOR PRIVACY. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION MAINTAINS A CONFLICT OF INTEREST POLICY WHICH REQUIRES BOARD MEMBERS TO DISCLOSE POTENTIAL CONFLICTS ON AN ANNUAL BASIS. BOARD MEMBERS ARE ALSO REQUIRED TO DISCLOSE POTENTIAL CONFLICTS AS THEY ARISE. IN THE EVENT OF A CONFLICT, THE INDIVIDUAL WILL RECUSE THEMSELVES FROM VOTING ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS HAS ESTABLISHED A COMPENSATION COMMITTEE. THE COMMITTEE UTILIZES COMPARABLE DATA AND ESTABLISHES THE HEAD OF SCHOOL'S COMPENSATION PACKAGE. COMPENSATION OF OTHER KEY EMPLOYEES IS HANDLED BY THE EXECUTIVE COMMITTEE BASED ON MARKET COMPARABLES. FORM 990, PART VI, SECTION C, LINE 18 THE FORM 990 IS AVAILABLE UPON REQUEST. ADDITIONALLY, RECENT FILINGS OF THE FORM ARE AVAILABLE ON WWW.GUIDESTAR.ORG. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN INTEREST IN PERPETUAL TRUST 40,174.