2024-05-07T08:02:40-05:00 2023-06-30 561965804 THOMAS JUDY & TUCKER PA 300 WEST MORGAN STREET SUITE 1450 DURHAM NC 27701 990 2022-07-01 237125932 SANDHILLS INDEPENDENT SCHOOL CORPORATION SAND 9106926920 3300 AIRPORT ROAD SOUTHERN PINES NC 283880290 AIMEE JOHNSON DIRECTOR OF FINANCE 9106926920 2024-05-07 1 AIMEE JOHNSON 999009999 0 KRISTEN HOYLE CPA P00118964 9195717055 2024-05-06 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z THE O'NEAL SCHOOL JOHN C ELMORE 3300 AIRPORT ROAD SOUTHERN PINES NC 283880290 10336062 0 X WWW.ONEALSCHOOL.ORG X 1971 NC THE O'NEAL SCHOOL IS A COLLEGE PREPARATORY SCHOOL DEDICATED TO THE DEVELOPMENT OF ACADEMIC EXCELLENCE, STRENGTH OF CHARACTER AND PHYSICAL WELL-BEING OF ITS STUDENTS IN AN ENVIRONMENT WHERE INTEGRITY, SELF-DISCIPLINE, AND CONSIDERATION FOR OTHERS ARE FUNDAMENTAL. 19 19 223 106 0 0 720227 364894 8275476 9561513 102420 119187 871745 116755 9969868 10162349 1704495 1692473 0 0 5825973 6217434 0 0 430931 2343679 2719929 9874147 10629836 95721 -467487 9947454 9697897 3241213 3255072 6706241 6442825 THE O'NEAL SCHOOL IS A COLLEGE PREPARATORY SCHOOL DEDICATED TO THE DEVELOPMENT OF ACADEMIC EXCELLENCE, STRENGTH OF CHARACTER AND PHYSICAL WELL-BEING OF ITS STUDENTS IN AN ENVIRONMENT WHERE INTEGRITY, SELF-DISCIPLINE, AND CONSIDERATION FOR OTHERS ARE FUNDAMENTAL. 0 0 7707570 1692473 9591914 EDUCATION AND SCHOOL RELATED ACTIVITIES FOR GRADES PRE-K THROUGH 12TH SERVICING APPROXIMATELY 538 STUDENTS. 7707570 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 30 1 1 223 1 0 0 0 0 0 0 0 0 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 X AIMEE JOHNSON 9106926920 3300 AIRPORT RD-PO BOX 290 SOUTHERN PINES NC 28387 DENISE GUTSCHMIT CHAIR 2.00 X X 0 0 0 LYNDA ACKER VICE CHAIR 2.00 X X 0 0 0 KONNI MCMURRAY SECRETARY 2.00 X X 0 0 0 LYNN WALTERS TREASURER 2.00 X X 0 0 0 JOHN SHEPHERD TRUSTEE 1.00 X 0 0 0 STUART MILLS TRUSTEE 1.00 X 0 0 0 LINDSAY MCMANAMON TRUSTEE 1.00 X 0 0 0 JOHN BERRY TRUSTEE 1.00 X 0 0 0 JOHN SAMPLES TRUSTEE 1.00 X 0 0 0 MISSY QUIS TRUSTEE 1.00 X 0 0 0 HEATHER SHOOK-AFABLE TRUSTEE 1.00 X 0 0 0 KARA MARTIN TRUSTEE 1.00 X 0 0 0 TOM MCFADYEN TRUSTEE 1.00 X 0 0 0 DAVID KELLEY TRUSTEE 1.00 X 0 0 0 ZA'VETTE TATUM-KODZAI TRUSTEE 1.00 X 0 0 0 LEE HOWELL TRUSTEE 1.00 X 0 0 0 CARRIE SIMMONS TRUSTEE 1.00 X 0 0 0 JOHN TAWS TRUSTEE 1.00 X 0 0 0 NELLIE WILCOX TRUSTEE 1.00 X 0 0 0 JOHN ELMORE HEAD OF SCHOOL 40.00 X 274331 0 10168 JONNA DEPUGH CFO (07/01/2022-CURRENT) 40.00 X 75266 0 4715 349597 0 14883 1 0 1 0 0 49250 315644 7570 364894 TUITION & FEES 611600 8643254 8643254 AUXILLARY SERVICES 611600 915809 915809 ACT SCHOOL DAY 611600 2275 2275 SAT CLASS 611600 175 175 9561513 108644 108644 1350 -1350 -1350 -1350 10543 0 10543 10543 10543 260067 49250 172363 87704 87704 MISCELLANEOUS 900099 30401 30401 30401 10162349 9591914 0 205541 1692473 1692473 432129 323315 108814 4942525 3693675 1248850 114499 82587 31912 327840 268702 59138 400441 273631 126810 20053 20053 44950 44950 344130 84617 147095 112418 51915 51915 20914 4533 16381 134145 134145 434851 121106 152850 160895 293179 81651 103052 108476 132816 36989 46685 49142 EDUCATIONAL SERVICES 910146 910146 MISCELLANEOUS 143013 143013 BAD DEBT 88582 88582 PERSONNEL ADMINISTRATIO 86237 86237 14998 14998 10629836 7707570 2491335 430931 535221 938336 2386174 1508290 303509 206375 5363 8799 3194463 1775056 667692 1419407 2515020 2742071 2956184 2854834 578291 19785 9947454 9697897 731988 722641 2509225 2532431 3241213 3255072 X 3548993 3163690 3157248 3279135 6706241 6442825 9947454 9697897 -467487 204071 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1547180 144035 1691215 1745541 -198361 1547180 1286108 188327 324199 53093 1745541 1274100 90788 78780 1286108 1231311 93749 50960 1274100 1 0 1579375 615270 964105 421068 374067 47001 1194020 785719 408301 1419407 2854834 F 2854834 X 8846310 204071 172363 376434 8469876 1692473 1692473 10162349 9109726 172363 172363 8937363 1692473 1692473 10629836 PART V, LINE 4: GENERAL ENDOWMENT SUPPORTS SCHOOL OPERATIONS, COOK ENDOWMENT IS USED FOR FACULTY PROFESSIONAL DEVELOPMENT, AND CURTIS ENDOWMENT IS FOR BONUSES FOR FACULTY WHO HAVE BEEN WITH THE SCHOOL FOR TWO YEARS OR MORE. PART X, LINE 2: THE SCHOOL HAS ADOPTED THE PROVISIONS OF FASB ASC 740, INCOME TAXES. USING THIS GUIDANCE, TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE-LIKELY-THAN-NOT THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE TAX AUTHORITIES. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. THE SCHOOL DOES NOT BELIEVE THERE ARE ANY MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, IT WILL NOT RECOGNIZE ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. THE SCHOOL IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. AS OF JUNE 30, 2023, THE SCHOOL HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 172,363. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS & FINANCIAL AID 1,692,473. BOOK TO TAX DIFFERENCE IN K1 PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 172,363. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS & FINANCIAL AID 1,692,473. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 ADVERTISEMENTS ARE PLACED IN THE LOCAL NEWSPAPERS. AUCTION 309317 49250 260067 3450 20893 26116 121904 309317 49250 260067 3450 20893 26116 121904 172363 87704 1 FINANCIAL AID 217 1611621 NEED BASED FINANCIAL AID IS AVAILABLE TO ALL STUDENTS. SCHOLARSHIPS 8 80852 SCHOLARSHIPS ARE AWARDED TO INDIVIDUAL STUDENTS IN 9TH GRADE AND FOLLOWS THE STUDENT EACH YEAR UNTIL GRADUATION. PART I, LINE 2: THE SCHOOL USES AN INDEPENDENT THIRD PARTY TO REVIEW FINANCIAL AID APPLICANTS. ALL FINANCIAL AID IS NEED BASED. THE THIRD PARTY MAKES RECOMMENDATIONS TO THE SCHOOL ON WHAT APPLICANTS THEY FEEL NEED ASSISTANCE AND THE AMOUNT OF ASSISTANCE NEEDED. THE SCHOOL POLICY IS THAT ALL STUDENTS PAY AT LEAST 25% TOWARD TUITION REGARDLESS OF CIRCUMSTANCES. IN ADDITION TO FINANCIAL AID, THE SCHOOL ADMINISTERS A LIMITED NUMBER OF ANNUAL SCHOLARSHIPS WHICH ARE NOT REVIEWED BY AN INDEPENDENT THIRD PARTY. ALL OF THE SCHOLARSHIPS ARE NEED BASED EXCEPT FOR ONE MERIT BASED SCHOLARSHIP. THE SCHOLARSHIPS ARE AWARDED BY A COMMITTEE WHICH INCLUDES REPRESENTATION FROM THE SCHOOL'S BOARD OF TRUSTEES. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 JOHN ELMORE HEAD OF SCHOOL 240031 0 30100 0 4200 0 4600 0 5568 0 284499 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE IS RESPONSIBLE FOR REVIEWING THE 990 PRIOR TO FILING ON BEHALF OF THE BOARD. AFTER REVIEW BY THE FINANCE COMMITTEE, A REPORT AND COPY OF THE 990 IS GIVEN TO THE ENTIRE BOARD BEFORE THE RETURN IS FILED. FORM 990, PART VI, SECTION B, LINE 12C A "CODE OF CONDUCT FOR O'NEAL SCHOOL BOARD MEMBERS" IS SIGNED ANNUALLY BY EACH BOARD MEMBER WHICH DETAILS HOW COMPLIANCE IS HANDLED. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD DETERMINES THE COMPENSATION OF THE HEAD OF SCHOOL. DATA/INFORMATION USED IN THIS PROCESS INCLUDES FORM 990 OF OTHER ORGANIZATIONS, COMPARATIVE DATA OF SIMILAR SIZE SCHOOLS, GEOGRAPHICAL LOCATION OF SIMILAR SCHOOLS AND WRITTEN EMPLOYMENT CONTRACT. ANNUALLY, THE EXECUTIVE COMMITTEE PERFORMS A REVIEW OF THE HEAD OF SCHOOL AND DECIDES ON A SALARY ADJUSTMENT. TOP MANAGEMENT, WHICH IS CONSIDERED THE CFO, SERVES AT THE DISCRETION OF THE HEAD OF SCHOOL. THUS, THE HEAD OF SCHOOL DETERMINES THE COMPENSATION PACKAGE OF THIS POSITION. FORM 990, PART VI, SECTION C, LINE 19 ALL REQUEST FOR REVIEW OF THE ORGANIZATION'S GOVERNING DOCUMENTS AND 990 ARE DIRECTED TO THE HEAD OF SCHOOL AND/OR CFO. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR. ONS INVESTORS LLC 25 CYRESS POINT DRIVE PINEHURST NC 28374 471305234 REAL ESTATE LESSOR NC 0 -1350 2854834 0 1 0.50000