2025-05-13T16:00:58-05:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP 227 WEST TRADE STREET SUITE 800 CHARLOTTE NC 28202 990 2023-07-01 560952382 PROVIDENCE DAY SCHOOL INC PROV 7048876000 5800 SARDIS ROAD CHARLOTTE NC 28270 KRISTEN KRAL ASST HEAD OF SCH FOR FINANCE 7048876000 2025-05-12 1 1 KATHRINE A WARLICK P02065266 7049985200 2025-05-12 2023 2025-03-06 01:10:19Z GLYN COWLISHAW 5800 SARDIS ROAD CHARLOTTE NC 28270 70385658 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 RESPONSIBILTY. 15 15 679 750 0 0 2251365 8618574 56652019 60350099 515785 1181895 276886 6240 59696055 70156808 4228223 4443436 0 0 38175923 40906832 0 0 2228316 15048357 15380000 57452503 60730268 2243552 9426540 140239161 154538973 70399947 71937285 69839214 82601688 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 48169207 4443436 56141391 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. 1059674 1421731 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. 1100929 1598496 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. 1611269 1188481 OTHER PROGRAMS INCLUDE MORNING AND AFTERNOON BUS TRANSPORTATION, SPIRIT STORE, FACILITY RENTALS AND THE OPERATIONS OF OUR PARENTS ASSOCIATION AND CHARGER BOOSTER CLUB. 1611269 1188481 51941079 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 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 1 133 0 1 679 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X KRISTEN KRAL 7048876014 5800 SARDIS RD CHARLOTTE NC 28207 KIMBERLY PAULK CHAIR 5.00 X X 0 0 0 NANCY DOWNING VICE-CHAIR 5.00 X X 0 0 0 TAREQ AMIN TREASURER 5.00 X X 0 0 0 JIM RATCHFORD SECRETARY 5.00 X X 0 0 0 RAJNISH BHARADWAJ TRUSTEE 5.00 X 0 0 0 CHRISTOPHER CAMPBELL TRUSTEE 5.00 X 0 0 0 SOPHIA PAIGE FEEMSTER TRUSTEE 5.00 X 0 0 0 JOHN GRAY TRUSTEE 5.00 X 0 0 0 CHAD HAGLER TRUSTEE 5.00 X 0 0 0 JOY HORD TRUSTEE 5.00 X 0 0 0 COREY LEE TRUSTEE 5.00 X 0 0 0 ELISSA MOORE TRUSTEE 5.00 X 0 0 0 SUNITA PRZYBYLO TRUSTEE 5.00 X 0 0 0 COLLIN RICKS JR TRUSTEE 5.00 X 0 0 0 EDWARD YU TRUSTEE 5.00 X 0 0 0 GLYN COWLISHAW HEAD OF SCHOOL 70.00 X 695183 0 103136 KRISTEN KRAL AHS FOR FINANCE & RISK MGMT 55.00 X 317795 0 15488 JEFF APPEL ASST. HEAD OF SCHOOL FOR IA 55.00 X 332988 0 37639 TODD SWARTZ ASST. HEAD OF SCHOOL FOR HR 55.00 X 248685 0 35297 MICHAEL MAGNO ASSOCIATE HEAD OF SCHOOL 55.00 X 246173 0 41577 ERIN FERRELL LOWER SCHOOL DIRECTOR 55.00 X 167217 0 31371 ERIC HEDINGER UPPER SCHOOL DIRECTOR 55.00 X 162641 0 30322 LISA KNIGHT ADMISSIONS DIRECTOR 55.00 X 180211 0 19249 NANCY BEATTY ATHLETIC DIRECTOR 55.00 X 170971 0 27304 LEE TAPPY MIDDLE SCHOOL HEAD 55.00 X 145947 0 21328 MATT SCULLY TECHNOLOGY DIRECTOR 55.00 X 142459 0 12605 TYRONNE JEAN MULTICULTURAL DIRECTOR 55.00 X 138837 0 21835 CHAD GRIER ATHLETIC ASST AD/FOOTBALL COACH 55.00 X 135468 0 30854 3084575 0 428005 21 0 1 0 EDISON FOARD CONSTRUCTION SERVICES INC P O BOX 19888 CHARLOTTE NC 282190888 LABOR AND MATERIALS 11393084 LITTLE DIVERSIFIED ARCHITECTURAL CONSULT 615 SOUTH COLLEGE ST SUITE 1600 CHARLOTTE NC 28202 PROFESSIONAL FEES 497661 FLIK PO BOX 417632 BOSTON MA 022417632 CATERING AND EMPLOYEE DISCOUNTS 397211 EASTERN TURF MAINTENANCE PO BOX 3629 NEW BERN NC 28564 LABOR AND MATERIALS 307340 BSN SPORTS LLC P O BOX 841393 DALLAS TX 752841393 APPAREL 203130 24 306438 8312136 100000 8618574 TUITION AND FEES 611600 56141391 56141391 EXTENDED DAY PROGRAMS 611710 1598496 1598496 SUMMER SCHOOL 611710 1421731 1421731 TRANSPORTATION 611710 305548 305548 SCHOOL STORE 611710 193844 193844 689089 689089 60350099 1181495 1181495 66092 0 66092 66092 66092 400 0 400 400 400 153858 306438 228850 -74992 -74992 15140 0 15140 15140 70156808 60350099 0 1188135 4443436 4443436 2664972 995837 1279968 389167 26769532 24301655 1987499 480378 1305608 1126093 137603 41912 8104197 6569043 1264847 270307 2062523 1656831 330797 74895 236262 146143 35146 54973 7974 3684 2385 1905 73900 34145 22103 17652 318414 33607 235114 49693 1109728 968038 106239 35451 965138 741526 114776 108836 739949 645473 70838 23638 1315184 1150786 98639 65759 3399023 2974146 254926 169951 383889 334874 36751 12264 INSTRUCTIONAL EXPENSE 2996871 2996664 207 LEASE EXPENSE 1117445 691210 166231 260004 ACTIVITIES EXPENSE 809565 809509 56 ATHLETIC EXPENSE 493603 493603 1413055 824776 416748 171531 60730268 51941079 6560873 2228316 27364190 27082031 1018561 3621875 516249 5684402 516362 531096 242285 199683 710634 998836 118877397 43185167 65172403 75692230 43293216 38489931 1405261 2238889 140239161 154538973 3180969 4373387 23853734 24769680 34036878 39323063 9328366 3471155 70399947 71937285 X 62283971 61251163 7555243 21350525 69839214 82601688 140239161 154538973 X 9426540 3131740 204194 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 21366134 1137731 2606014 246139 192 24863548 21251147 422454 -38435 269032 21366134 22047699 629473 -1130959 295066 21251147 15434509 1804227 4998368 189405 22047699 15160383 528450 -115180 139144 15434509 0.38450 0.40370 0.21180 1 0 4727734 4727734 72268292 24963421 47304871 9471455 9055337 416118 32409916 9166409 23243507 75692230 FFTC BENEFICIAL INTEREST IN ASSETS ENDOWMENT 24863719 F AMERITRADE 150500 F VALUATION OF INTEREST SWAP 1188043 F SHORT-TERM INVESTMENTS 10760170 F 457 DEFERRED COMPENSATION PLAN ASSETS 1527499 F 38489931 LEASE LIABILITY 1949634 DEFERRED PLAN COMPENSATION 1521521 3471155 X 69278156 3131740 -4239242 -1107502 70385658 -228850 -228850 70156808 56515682 228850 228850 56286832 4443436 4443436 60730268 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 IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. 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, 2024. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE DERIVATIVE INSTRUMENT 216,545. CASH SURRENDER VALUE LIFE INS -12,351. FINANCIAL ASSISTANCE -4,443,436. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -228,850. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 228,850. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL ASSISTANCE 4,443,436. 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. SPRING PARTY- AUCTION 361844 253888 107956 53431 15000 49989 5900 27237 FALL FESTIVAL 55869 34550 21319 30836 631 4403 14856 1 38296 15000 23296 9227 2405 13002 456009 303438 152571 53431 55063 53025 10303 55095 226917 -74346 15140 0 15140 15140 0 PER NC STATE LAW, A NONPROFIT ORGANIZATION MY CONDUCT UP TO 5 RAFFLE EVENTS PER YEAR WITHOUT A LICENSE. 0 0 0 0 0 1 FINANCIAL AID 240 4443436 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 X 1 0 X X X X 0 1 0 0 0 0 0 0 0 GLYN COWLISHAW HEAD OF SCHOOL 679665 0 0 0 15518 0 80620 0 22516 0 798319 0 0 0 JEFF APPEL ASST. HEAD OF SCHOOL FOR IA 322524 0 0 0 10464 0 9759 0 27880 0 370627 0 0 0 KRISTEN KRAL AHS FOR FINANCE & RISK MGMT 308435 0 0 0 9360 0 12240 0 3248 0 333283 0 0 0 MICHAEL MAGNO ASSOCIATE HEAD OF SCHOOL 244450 0 0 0 1723 0 9000 0 32577 0 287750 0 0 0 TODD SWARTZ ASST. HEAD OF SCHOOL FOR HR 239350 0 0 0 9335 0 7350 0 27947 0 283982 0 0 0 LISA KNIGHT ADMISSIONS DIRECTOR 178831 0 0 0 1380 0 5508 0 13741 0 199460 0 0 0 ERIN FERRELL LOWER SCHOOL DIRECTOR 166388 0 0 0 829 0 5202 0 26169 0 198588 0 0 0 NANCY BEATTY ATHLETIC DIRECTOR 168619 0 0 0 2352 0 8675 0 18629 0 198275 0 0 0 ERIC HEDINGER UPPER SCHOOL DIRECTOR 161379 0 0 0 1262 0 5049 0 25273 0 192963 0 0 0 LEE TAPPY MIDDLE SCHOOL HEAD 145504 0 0 0 443 0 10357 0 10971 0 167275 0 0 0 CHAD GRIER ATHLETIC ASST AD/FOOTBALL COACH 134244 0 0 0 1224 0 6860 0 23994 0 166322 0 0 0 TYRONNE JEAN MULTICULTURAL DIRECTOR 138578 0 0 0 259 0 7250 0 14585 0 160672 0 0 0 MATT SCULLY TECHNOLOGY DIRECTOR 128980 0 0 0 13479 0 0 0 12605 0 155064 0 0 0 PART I, LINE 1A HEALTH OR SOCIAL CLUB DUES: $4,445 IN CLUB DUES PAID ON BEHALF OF HEAD OF SCHOOL. PART I, LINE 4B GLYN COWLISHAW $88,224, 457F PLAN CONTRIBUTION A PUBLIC FINANCE AUTHORITY 273866124 2016-06-15 13300000 EDUCATIONAL FACILITIES IMPROVEMENTS 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 A 273866124 2022-06-17 20000000 EDUCATIONAL FACILITIES CONTRUCTION AND IMPROVEMENT 0 0 0 A 2037360 13300000 13300000 2018 0 0 1 1 B 1664104 11850988 237019 11613969 1 0 1 1 C 1535199 20000000 156000 19844000 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 22.000000000000 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 32810 TUITION REMISSION QUALIFIED TUITION REMISSION PROGRAM FOR TEACHERS AND EMPLOYEES 38113 TUITION ASSISTANCE EDUCATIONAL ASSISTANCE OFFERED TO EMPLOYEES X AUCTION ITEMS FOR SPRING PARTY 0 100000 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS WERE REVISED TO ELIMINATE THE BOARD'S INVESTMENT COMMITTEE. THE INVESTMENT COMMITTEE'S RESPONSBILITIES WERE TRANSFERRED TO THE FINANCE COMMITTEE. 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. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. 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: CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE -12,351. CHANGE IN VALUE DERIVATIVE INSTRUMENT 216,545. FORM 990, PART XII, LINE 2C: THE AUDIT COMMITTEE'S PROCESS OF EVALUATION HAS NOT CHANGED SINCE PRIOR YEAR.