2024-05-15T10:44:11-05:00 2023-06-30 540504608 BROWN EDWARDS & COMPANY LLP 3906 ELECTRIC ROAD ROANOKE VA 24018 990 2022-07-01 540699572 NORTH CROSS SCHOOL NORT 5409896641 4254 COLONIAL AVE SW ROANOKE VA 24018 DOMINIC BASILE CHIEF FINANCIAL OFFICER 5409896641 2024-05-15 1 DOMINIC BASILE XXX-XX-XXXX 1 AMANDA DEARING P01028119 5403450936 2024-05-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DOMINIC BASILE 4254 COLONIAL AVE SW ROANOKE VA 24018 14497782 0 X WWW.NORTHCROSS.ORG X 1944 VA A NON-SECTARIAN, INDEPENDENT, CO-EDUCATIONAL COLLEGE PREPARATORY DAY SCHOOL, SERVICING GRADES PRE-KINDERGARTEN THROUGH TWELVE. 19 19 245 100 0 0 985779 1588723 11897698 12766887 121621 78065 29750 18488 13034848 14452163 2865009 2668027 0 0 6894633 7728169 0 0 202663 3460259 4009435 13219901 14405631 -185053 46532 27222167 25906876 6993010 5589392 20229157 20317484 A NON-SECTARIAN, INDEPENDENT, CO-EDUCATIONAL COLLEGE PREPARATORY DAY SCHOOL, SERVICING GRADES PRE-KINDERGARTEN THROUGH TWELVE. 0 0 10613369 2668027 12785375 INSTRUCTIONAL - FUNDS USED TO PROVIDE COMPREHENSIVE EDUCATIONAL PROGRAMS TO 550 STUDENTS IN GRADES PRE-KINDERGARTEN THROUGH TWELFTH. 10613369 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 1 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 33 0 1 245 1 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 0 VA X THE ORGANIZATION 5409896641 4254 COLONIAL AVE SW ROANOKE VA 24018 SARAH BOXLEY BECK CHAIR 1.00 X X 0 0 0 GEORGE I VOGEL III VICE CHAIR & TREASURER 1.00 X X 0 0 0 LINDA D FRITH SECRETARY 1.00 X X 0 0 0 TALFOURD H KEMPER JR PAST CHAIR 1.00 X X 0 0 0 R ETHAN COOK TRUSTEE 1.00 X 0 0 0 TYLER D CAVENESS TRUSTEE 1.00 X 0 0 0 JOHN D LUGAR TRUSTEE 1.00 X 0 0 0 JOHN BARNEY HAMMOND TRUSTEE 1.00 X 0 0 0 JOSEPH M HOFF TRUSTEE 1.00 X 0 0 0 JOHN HARLOW TRUSTEE 1.00 X 0 0 0 JAMES RAMEY TRUSTEE 1.00 X 0 0 0 ANNE HUFF TRUSTEE 1.00 X 0 0 0 W PATTON COLES TRUSTEE 1.00 X 0 0 0 KIMBERLY P BLAIR TRUSTEE 1.00 X 0 0 0 MICHAUX TAYLOE CHOPSKI TRUSTEE 1.00 X 0 0 0 KEVIN R QUINN TRUSTEE 1.00 X 0 0 0 R CHRISTOPHER TETER TRUSTEE 1.00 X 0 0 0 JOHN HENRY PARROTT JR TRUSTEE 1.00 X 0 0 0 LINDA LEIGH RHOADS STRELKA TRUSTEE 1.00 X 0 0 0 E ARMISTEAD LEMON HEAD OF SCHOOL 40.00 X 100723 0 4763 DOMINIC BASILE CFO STARTING 2/1/23 40.00 X 0 0 0 STUART GUY ASST HEAD OF SCHOOL FOR FINANCE UNTIL 1/31/23 40.00 X 104161 0 10021 204884 0 14784 2 0 0 0 WILSON INTERNATIONAL SCHOOL 416 S JEFFERSON STREET SUITE 1 ROANOKE VA 24011 STUDENT BOARDING DORMITORY 676297 SOUTHERN CONCESSIONS 3142 WOODLAWN AVENUE ROANOKE VA 24015 FOOD SERVICE 310782 2 1588723 376960 1588723 TUITION AND FEES 611110 11808430 11808430 OTHER FEES AND REVENUES 611110 583732 583732 AUXILLARY SERVICES 611110 190432 190432 SUMMER CAMP 611110 184293 184293 12766887 80214 80214 61958 43470 18488 18488 18488 2149 -2149 -2149 -2149 14452163 12785375 0 78065 2668027 2668027 330661 330661 6097852 4526418 1440593 130841 282858 204168 71337 7353 541748 406416 124066 11266 475050 333845 132294 8911 6335 6335 69370 69370 29993 27810 2183 52681 36793 9633 6255 500723 500723 165223 165223 850806 850806 138138 138138 INSTRUCTION & STUDENT A 1342173 1342173 GENERAL & ADMINISTRATIV 738639 738639 BAD DEBT 65082 65082 FUNDRAISING EXPENSES 35854 35854 14418 14418 14405631 10613369 3589599 202663 254916 274193 859637 1265860 2221078 1543308 968932 398002 4950 0 17699 61753 38442817 17845278 21265362 20597539 1629593 1766221 27222167 25906876 742249 959836 970819 228996 5162600 4318306 117342 82254 6993010 5589392 X 18330828 17986624 1898329 2330860 20229157 20317484 27222167 25906876 46532 82656 -40861 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1686478 189469 79291 60793 1894445 1788907 158709 -201287 59851 1686478 1404791 138809 298555 53248 1788907 1390554 20285 47807 53855 1404791 1316714 70544 51296 48000 1390554 0.05488 0.87032 0.07480 0 0 387605 387605 32111302 12671673 19439629 3296605 3116428 180177 2647305 2057177 590128 20597539 MUTUAL FUNDS 646736 F PRIVATE EQUITY 4680 F MONEY MARKET FUND 325520 F BOND FUND 789285 F 1766221 DEPOSITS HELD FOR OTHERS 82254 82254 X 11910262 82656 43470 126126 11784136 2668027 2668027 14452163 11781074 43470 43470 11737604 2668027 2668027 14405631 PART V, LINE 4: ENDOWMENT FUNDS ARE USED FOR SCHOLARSHIPS AND FACULTY ENRICHMENT. PART X, LINE 2: THE SCHOOL IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. MANAGEMENT HAS EVALUATED THE EFFECT OF GUIDANCE PROVIDED BY GAAP IN ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT BELIEVES THAT THE SCHOOL CONTINUES TO SATISFY THE REQUIREMENTS OF A TAX-EXEMPT ORGANIZATION AT JUNE 30, 2023. MANAGEMENT HAS EVALUATED ALL OTHER TAX POSITIONS THAT COULD HAVE A SIGNIFICANT EFFECT ON THE FINANCIAL STATEMENTS AND DETERMINED THE SCHOOL HAD NO UNCERTAIN INCOME TAX POSITIONS AT JUNE 30, 2023 OR 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: REAL PROPERTY RENTAL EXPENSES SHOWN NET OF RENTAL INCOME 43,470. PART XI, LINE 4B - OTHER ADJUSTMENTS: TUITION REMISSION SHOWN NET ON FINANCIALS 785,288. FINANCIAL AID SHOWN NET ON FINANCIALS 1,882,739. PART XII, LINE 2D - OTHER ADJUSTMENTS: REAL PROPERTY RENTAL EXPENSES SHOWN NET OF RENTAL INCOME 43,470. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION REMISSION SHOWN NET ON FINANCIALS 785,288. FINANCIAL AID SHOWN NET ON FINANCIALS 1,882,739. ROUNDING 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 POLICY IS DESCRIBED IN THE HANDBOOK AS WELL AS POSTED ON THE ORGANIZATION WEBSITE SEPARATELY. EAST ASIA AND THE PACIFIC 0 0 EDUCATION TEACHING 20834 0 0 0 0 0 0 20834 0 20834 0 0 0 0 0 0 PART I, LINE 2: NO GRANTS ARE MADE OUTSIDE THE US. PART III ACCOUNTING METHOD: 1 TUITION REMISSION 50 785288 FINANCIAL AID & SCHOLARSHIPS 160 1841972 PART I, LINE 2: TUITION REMISSION IS AN EMPLOYEE BENEFIT PROVIDED TO EMPLOYEES FOR THEIR OWN STUDENTS THAT ATTEND NORTH CROSS SCHOOL. FINANCIAL AID INCLUDES BOTH NEED AND MERIT BASED AWARDS. NEED BASED AWARDS ARE GIVEN TO FAMILIES WHO DEMONSTRATE FINANCIAL AID; MERIT BASED AWARDS ARE GIVEN UNDER CERTAIN CONDITIONS OF MAINTAINING A MINIMUM LEVEL OF PERFORMANCE, INCLUDING GPA, GOOD STANDING, ETC. ALL STUDENTS MUST MEET ADMISSION REQUIREMENTS, INCLUDING TESTING. X 15 376960 STOCK QUOTE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE ASSISTANT HEAD OF SCHOOL FOR FINANCE, HEAD OF SCHOOL AND THE AUDIT COMMITTEE REVIEW THE RETURN. ONCE THE AUDIT COMMITTEE APPROVES THE RETURN, THE REST OF THE BOARD REVIEWS IT PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ASSISTANT HEAD OF SCHOOL FOR FINANCE AND OPERATIONS IS AWARE OF ALL BUSINESS TRANSACTIONS AND MONITORS THEM CLOSELY FOR ANY CONFLICTS. THE CONFLICT OF INTEREST POLICY IS APPROVED BY THE BOARD. ANY ARISING CONFLICT IS HANDLED IN ACCORDANCE TO PROCEDURE OUTLINED IN THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE HEAD OF SCHOOL'S SALARY IS DETERMINED BY SALARY COMPARISONS FROM VAIS AND NAIS FOR THE NATIONAL AVERAGE AND APPROVED BY THE BOARD. THE ASSISTANT HEAD OF SCHOOL FOR FINANCE AND OPERATIONS AND HEAD OF SCHOOL THEN START THE BUDGET PROCESS IN NOVEMBER. THEY START WITH SEVERAL SALARY INCREASE SCENARIOS AND DETERMINE WHICH OF THE PERCENTAGES THE ORGANIZATION CAN AFFORD. A MEETING IS HELD WITH THE FINANCE COMMITTEE FOR INITIAL REVIEW IN DECEMBER. CONTRACTS ARE SENT OUT WITH INCREASES IN MARCH. NEW HIRE SALARIES ARE DETERMINED BY THE HEAD OF SCHOOL. COMPARISONS ARE USED FROM VAIS AND NAIS FOR NATIONAL AVERAGE COMPARISONS. FORM 990, PART VI, SECTION C, LINE 19 THE EMPLOYEE HANDBOOK, POSTED ON THE WEBSITE, DETAILS ALL POLICIES. FINANCIAL STATEMENTS ARE REVIEWED BY THE FINANCE COMMITTEE, THEN DISTRIBUTED TO THE BOARD. THE ORGANIZATION'S FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICIES, AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED EITHER THE OVERSIGHT OR SELECTION PROCESS FOR THE TAX YEAR.