2023-05-15T11:42:47-05:00 2022-06-30 561434747 GREERWALKER LLP 227 WEST TRADE ST SUITE 1100 CHARLOTTE NC 28202 990 2021-07-01 560952382 PROVIDENCE DAY SCHOOL INC PROV 7048876014 5800 SARDIS ROAD CHARLOTTE NC 28270 KRISTEN KRAL ASST HEAD OF SCH-FINANCE & RIS 7048876014 2023-05-15 1 KRISTEN KRAL 999009999 PAULA P TILLEY P00051456 7043770239 2023-05-14 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z GLYN COWLISHAW 5800 SARDIS ROAD CHARLOTTE NC 28270 55933612 0 X WWW.PROVIDENCEDAY.ORG X 1971 NC PROVIDENCE DAY SCHOOL EXISTS TO INSPIRE IN ITS STUDENTS A PASSION FOR LEARNING, A COMMITMENT TO PERSONAL INTEGRITY, AND A SENSE OF SOCIAL RESPONSIBILITY. THE SCHOOL IS COMMITTED TO DEVELOPING STUDENT LEADERS WHO HAVE THE NECESSARY KNOWLEDGE, SKILLS AND CHARACTER TRAITS TO SUCCEED IN THE 21ST CENTURY GLOBAL ENVIRONMENT. 17 17 668 750 0 0 2080784 2335389 47872822 53136830 38523 29905 147924 361501 50140053 55863625 4432112 4685680 0 0 31799112 35312682 0 0 2361750 11956431 12723274 48187655 52721636 1952398 3141989 110524658 127803587 47264988 61139584 63259670 66664003 X PROVIDENCE DAY SCHOOL EXISTS TO INSPIRE IN ITS STUDENTS A PASSION FOR LEARNING, A COMMITMENT TO PERSONAL INTEGRITY, AND A SENSE OF SOCIAL RESPONSIBILITY. THE SCHOOL IS COMMITTED TO DEVELOPING STUDENT LEADERS WHO HAVE THE NECESSARY KNOWLEDGE, SKILLS AND CHARACTER TRAITS TO SUCCEED IN THE 21ST CENTURY GLOBAL ENVIRONMENT. 0 0 43364947 4685680 48928900 PROVIDENCE DAY SCHOOL IS AN INDEPENDENT TRANSITIONAL KINDERGARTEN (TK) THROUGH GRADE 12 COLLEGE PREPARATORY SCHOOL LOCATED IN SOUTHEAST CHARLOTTE ON A 46 ACRE CAMPUS. THE SCHOOL IS A MEMBER OF ROUND SQUARE INTERNATIONAL, NETWORK OF COMPLIMENTARY SCHOOLS , GEBG AND IS ACCREDITED BY THE SOUTHERN ASSOCIATION OF INDEPENDENT SCHOOLS. 846224 1070465 SUMMER AT PROVIDENCE DAY OFFERS FULL- AND HALF-DAY PROGRAMS IN ACADEMICS, ART, SCIENCE, CULTURE, TECHNOLOGY, SPORTS, AND MORE. THE SUMMER PROGRAM IS OPEN TO THE PUBLIC. 932885 1180090 THE EXTENDED DAY PROGRAM, A NATIONALLY RECOGNIZED AFTER-SCHOOL PROGRAM, FOR THE LOWER SCHOOL STUDENTS OF PROVIDENCE DAY SCHOOL. THE PROGRAM OPENS AFTER SCHOOL, ON TEACHER WORKDAYS AND MOST SCHOOL HOLIDAYS WITH ACTIVITY CHOICES THAT RANGE FROM ART, COOKING, GARDENING, SEWING AND SPORTS AS WELL AS OVER 20 WEEKLY ENRICHMENT PROGRAMS. 1547344 1957375 1547344 1957375 46691400 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 1 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 95 1 1 668 1 0 0 0 0 0 1 1 1 1 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X MS KRISTEN KRAL 7048876014 5800 SARDIS ROAD CHARLOTTE NC 28270 KIMBERLY PAULK BOARD CHAIR 5.00 X X 0 0 0 MONIQUE ALLEN BOARD VICE CHAIR 5.00 X X 0 0 0 ROBERT ZIEGLER BOARD TREASURER 5.00 X X 0 0 0 LYNN REEVES BOARD SECRETARY 5.00 X X 0 0 0 RAJNISH BHARADWAJ TRUSTEE 5.00 X 0 0 0 WILLIAM BLANK TRUSTEE 5.00 X 0 0 0 KELLY BROOKS TRUSTEE 5.00 X 0 0 0 RICHARD BROWN TRUSTEE 5.00 X 0 0 0 ABIGAIL CAUDLE TRUSTEE 5.00 X 0 0 0 MOHAMMAD DAHER TRUSTEE 5.00 X 0 0 0 CHAD HAGLER TRUSTEE 5.00 X 0 0 0 MATTHEW HEYD TRUSTEE 5.00 X 0 0 0 JOY HORD TRUSTEE 5.00 X 0 0 0 SUNITA PRZYBYLO TRUSTEE 5.00 X 0 0 0 JAMES RATCHFORD TRUSTEE 5.00 X 0 0 0 EDWARD YU TRUSTEE 5.00 X 0 0 0 GLYN COWLISHAW HEAD OF SCHOOL 70.00 X 552629 0 107382 KRISTEN KRAL ASSISTANT HEAD OF SCHOOL - FINANCE & RISK MANAGEME 55.00 X 265858 0 12864 JEFF APPEL ASSOCIATE HEAD OF SCHOOL - IA 55.00 X 293400 0 27919 TODD SWARTZ ASSISTANT HEAD OF SCHOOL - HR 55.00 X 223431 0 52776 MICHAEL MAGNO MIDDLE SCHOOL DIRECTOR 55.00 X 185795 0 78364 NANCY BEATTY DIRECTOR OF ATHLETICS 55.00 X 151174 0 17458 ERIN HARPER LOWER SCHOOL DIRECTOR 55.00 X 147592 0 49074 ERIC HEDINGER UPPER SCHOOL DIRECTOR 55.00 X 149561 0 77821 LISA KNIGHT ADMISSIONS DIRECTOR 55.00 X 149719 0 11756 MATT SCULLY TECHNOLOGY DIRECTOR 55.00 X 135210 0 6722 2254369 0 442136 10 0 1 0 EDISON FORD CONSTRUCTION SERVICES INC PO BOX 19888 CHARLOTTE NC 282190888 GENERAL CONTRACTOR 6636747 MCGUIREWOODS LLP 800 E CANAL STREET RICHMOND VA 232193916 LEGAL SERVICES 137221 FLIKCOMPASS GROUP USA PO BOX 417632 BOSTON MA 022417632 DINING SERVICES 109482 3 70842 2264547 206759 2335389 TUITION AND FEES 611600 48928900 48928900 EXTENDED DAY PROGRAMS 611710 1180090 1180090 SUMMER SCHOOL 611710 1070465 1070465 SCHOOL STORE 611710 214061 214061 TRANSPORTATION 611710 188345 188345 1554969 1554969 53136830 29405 29405 103198 0 103198 103198 103198 500 0 500 500 500 284290 70842 60987 223303 223303 44000 9000 35000 35000 55863625 53171830 0 356406 4685680 4685680 1670346 230592 1130658 309096 23836512 21734625 1169280 932607 1262833 1154974 70044 37815 6738699 6163144 373765 201790 1804292 1650187 100076 54029 199950 157132 15770 27048 50025 39312 3946 6767 75135 59045 5926 10164 283922 223122 22393 38407 491918 386577 38798 66543 1315751 1033992 103775 177984 1253374 1098606 113792 40976 695313 598252 63031 34030 2595271 2232988 235266 127017 344576 297177 30781 16618 STUDENT AUXILIARY ACTIV 1537144 1531681 0 5463 EDUCATIONAL PROGRAMMING 1510170 1510170 0 0 ACTIVITIES EXPENSE 936848 751990 75472 109386 ADVANCEMENT EXPENSES 269861 212072 21284 36505 1164016 940082 94429 129505 52721636 46691400 3668486 2361750 13689180 33226966 9501693 11365474 970817 567069 898968 673486 313089 272890 559391 844567 95687507 36973944 53543935 58713563 30737098 21838043 310487 301529 110524658 127803587 1695646 2769861 21129377 22873156 23418547 35496567 1021418 0 47264988 61139584 X 55377551 58973794 7882119 7690209 63259670 66664003 110524658 127803587 X 3141989 262344 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 22047699 629473 -1130959 295066 21251147 15434509 1804227 4998368 189405 22047699 15160383 528450 -115180 139144 15434509 14080161 1057067 186025 162870 15160383 11451199 1733334 1067872 172244 14080161 0.69186 0.21778 0.09035 1 0 4727734 4727734 62434133 21592491 40841642 7422252 7903264 -481012 21103388 7478189 13625199 58713563 FFTC BENEFICIAL INTEREST IN ASSETS ENDOWMENT 21251147 F ANERITRADE 116881 F VALUATION OF INTEREST SWAP 470015 F 21838043 X 51509776 332331 332331 51177445 4686180 4686180 55863625 48105443 69987 69987 48035456 4686180 4686180 52721636 PART V, LINE 4: THE SPENDABLE EARNINGS FROM THE ENDOWMENT FUNDS ARE USED FOR THE FOLLOWING: STUDENT FINANCIAL AID, SOCIAL RESPONSIBILITY, DIVERSITY AND INCLUSION AND FACULTY ENRICHMENT. PART X, LINE 2: THE ORGANIZATION RECORDS LIABILITIES FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN WHEN THOSE POSITIONS ARE DEEMED UNCERTAIN TO BE UPHELD IN AN EXAMINATION BY TAXING AUTHORITIES. NO LIABILITIES FOR UNCERTAIN INCOME TAX POSITIONS WERE RECORDED AS OF JUNE 30, 2022 AND 2021. PART XI, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED LOSS ON INVESTMENTS -1,220,132. UNREALIZED GAIN ON INTEREST RATE CONTRACT 1,491,434. DECREASE IN CASH SURRENDER VALUE OF LIFE INSURANCE -8,958. FUNDRAISING EVENT EXPENSES 69,987. PART XI, LINE 4B - OTHER ADJUSTMENTS: GAIN ON SALE OF ASSETS RECORDED AS EXPENSE ITEM FOR AUDIT REPORT 500. FINANCIAL AID 4,685,680. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES 69,987. PART XII, LINE 4B - OTHER ADJUSTMENTS: GAIN ON SALE OF ASSETS RECORDED AS EXPENSE ITEM FOR AUDIT REPORT 500. FINANCIAL AID 4,685,680. 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'S NON-DISCRIMINATORY POLICY IS POSTED ON ITS WEBSITE. PA SPRING PARTY 92623 56589 36034 12837 28721 7247 PA AUCTION 238609 238609 3810 1 23900 14253 9647 7622 750 355132 70842 284290 20459 29471 11057 60987 223303 44000 9000 1 0.02000 44000 9000 9000 35000 NC 0 PER NC STATE LAW, A NONPROFIT ORGANIZATION MAY CONDUCT UP TO 2 RAFFLE EVENTS PER YEAR WITHOUT A LICENSE. 0 0 0 0 0 1 FINANCIAL AID 264 4685680 PART I, LINE 2: THE ORGANIZATION OFFERS FINANCIAL ASSISTANCE TO QUALIFIED STUDENTS ON THE BASIS OF THE DEMONSTRATED FINANCIAL NEED OF THE FAMILY AND THE AVAILABILITY OF FUNDS. ALL STUDENTS (TK-12TH GRADES) ARE ELIGIBLE TO APPLY FOR FINANCIAL AID. THE ORGANIZATION IS A MEMBER OF THE SCHOOL AND STUDENT SERVICE FOR FINANCIAL AID (SSS), WHICH ASSISTS INDEPENDENT SCHOOLS IN DETERMINING FINANCIAL NEED. THE SSS USES THE PARENT'S FINANCIAL STATEMENT (PFS) TO COMPUTE A REPORT OF FAMILY COMPUTATION (RFC) FOR EACH FAMILY. THIS SYSTEM CONSIDERS GROSS TAXABLE INCOME AND NON-TAXABLE INCOME, ASSETS, LIABILITIES, FAMILY SIZE AND THE NUMBER OF STUDENTS IN TUITION CHARGING SCHOOLS OR COLLEGES. AFTER AN ALLOWANCE FOR BASIC LIVING EXPENSES AND TAXES, THE REMAINING FUNDS ARE CONSIDERED TO BE DISCRETIONARY INCOME, A PORTION OF WHICH IS AVAILABLE FOR EDUCATION. THE RFC IS USED AS A GUIDELINE IN MAKING FINANCIAL ASSISTANCE DECISIONS. FINANCIAL ASSISTANCE IS NEED-BASED; AWARDS WILL NOT EXCEED THE FAMILY'S DEMONSTRATED NEED. X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 GLYN COWLISHAW HEAD OF SCHOOL 552629 0 0 0 0 0 97607 0 9775 0 660011 0 0 0 JEFF APPEL ASSOCIATE HEAD OF SCHOOL - IA 293400 0 0 0 0 0 14318 0 13601 0 321319 0 0 0 KRISTEN KRAL ASSISTANT HEAD OF SCHOOL - FINANCE & 265858 0 0 0 0 0 12676 0 188 0 278722 0 0 0 TODD SWARTZ ASSISTANT HEAD OF SCHOOL - HR 223431 0 0 0 0 0 10925 0 41851 0 276207 0 0 0 MICHAEL MAGNO MIDDLE SCHOOL DIRECTOR 185795 0 0 0 0 0 8000 0 70364 0 264159 0 0 0 ERIC HEDINGER UPPER SCHOOL DIRECTOR 149561 0 0 0 0 0 7720 0 70101 0 227382 0 0 0 ERIN HARPER LOWER SCHOOL DIRECTOR 147592 0 0 0 0 0 7586 0 41488 0 196666 0 0 0 NANCY BEATTY DIRECTOR OF ATHLETICS 151174 0 0 0 0 0 7683 0 9775 0 168632 0 0 0 LISA KNIGHT ADMISSIONS DIRECTOR 149719 0 0 0 0 0 4561 0 7195 0 161475 0 0 0 PART I, LINE 1A HEALTH OR SOCIAL CLUB DUES: $8,582 IN CLUB DUES PAID ON BEHALF OF HEAD OF SCHOOL. A PUBLIC FINANCE AUTHORITY 273866124 2016-06-15 13300000 EDUCATIONAL FACILITIES IMPROVEMENT 0 0 0 B PUBLIC FINANCE AUTHORITY 273866124 2020-11-30 11850988 EDUCATIONAL FACILITIES REVENUE BOND REFUNDING PRIOR ISSUE DATED 9/23/2010 0 0 0 C PUBLIC FINANCE AUTHORITY 273866124 2022-06-17 13000000 EDUCATIONAL FACILITIES CONSTRUCTION AND IMPROVEMENT 0 0 0 A 1310779 13300000 374887 13300000 2018 0 0 1 1 B 694632 11850988 237019 11613969 1 0 1 1 C 13000000 156000 12844000 0 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 A 0 1 0 0 1 1 SUN TRUST BANK 30.000000000000 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 84750 TUITION ASSISTANCE QUALIFIED TUITION REMISSION PROGRAM FOR TEACHERS AND EMPLOYEES X 13 64825 FAIR MARKET VALUE X PA EVENTS 96 56589 FAIR MARKET VALUE X CHARGER CLUB GOLF TOURNEY 22 14253 FAIR MARKET VALUE X OTHER 1 250 FAIR MARKET VALUE 0 0 1 PART I, LINE 32B: THE ORGANIZATION USES MORGAN STANLEY WEALTH MANAGEMENT TO SELL STOCK DONATIONS THAT IT RECEIVES DURING THE YEAR. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF FORM 990 WAS PROVIDED TO THE ORGANIZATION'S GOVERNING BODY FOR REVIEW PRIOR TO FILING. THE FORM 990 IS SIGNED BY THE ASSISTANT HEAD OF SCHOOL - FINANCE AND RISK MANAGEMENT. FORM 990, PART VI, SECTION B, LINE 12C PROVIDENCE DAY SCHOOL MAINTAINS A WRITTEN CONFLICT OF INTEREST POLICY. EACH TRUSTEE AND EMPLOYEE IS REQUIRED TO CERTIFY HIS COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY EACH YEAR. THE BOARD REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 COMPARABLE DATA FROM 49 SCHOOLS THAT ARE SUBSTANTIALLY THE SAME (INDEX) IS USED IN DETERMINING COMPENSATION. THE BOARD USES COMPARABLE DATA FOR COMPENSATION FOR THE HEAD OF SCHOOL. THE HEAD OF SCHOOL USES THE DATA FOR COMPENSATION OF MANAGEMENT AND KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: DECREASE IN CASH SURRENDER VALUE OF LIFE INSURANCE -8,958. UNREALIZED LOSS ON INVESTMENTS -1,220,132. UNREALIZED GAIN ON INTEREST RATE CONTRACT 1,491,434. FORM 990, PART XI, LINE 2C, AUDIT COMMITTEE: THE AUDIT COMMITTEE'S PROCESS OF EVALUATION HAS NOT CHANGED SINCE PRIOR YEAR.