2022-03-28T12:37:04-05:00 2021-06-30 561750124 BATCHELOR TILLERY & ROBERTS LLP 3605 GLENWOOD AVENUE SUITE 350 RALEIGH NC 27612 990 2020-07-01 560729351 THE RALEIGH SCHOOL INC RALE 9195460788 1141 RALEIGH SCHOOL DRIVE RALEIGH NC 27607 KELLY BANIK HEAD OF SCHOOL 9195460788 2022-03-24 1 KELLY BANIK 999009999 KEITH A WASSERMAN P00072834 9197878212 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z KELLY BANIK 1141 RALEIGH SCHOOL DRIVE RALEIGH NC 27607 8441211 0 X WWW.RALEIGHSCHOOL.ORG X 1955 NC SEE SCHEDULE O. 14 14 85 600 0 0 296864 216423 4767567 4744355 6966 374450 53562 721642 5124959 6056870 193277 198175 0 0 3542054 3641672 0 0 305493 1566661 1585765 5301992 5425612 -177033 631258 12831631 13452378 5384716 4726254 7446915 8726124 THE RALEIGH SCHOOL IS AN INDEPENDENT CO-EDUCATIONAL DAY SCHOOL SERVING CHILDREN FROM 18 MONTHS THROUGH FIFTH GRADE. 0 0 4263937 198175 4650162 PROVIDED PRESCHOOL CLASSES FOR 127 CHILDREN UNDER THE AGE OF FIVE AND PROVIDED KINDERGARTEN THROUGH FIFTH GRADE SCHOOLING FOR 262 CHILDREN. 84126 94193 PROVIDED AFTER SCHOOL CARE FOR CHILDREN FROM 4S THROUGH 5TH GRADE. OFFERED SUMMER CAMP FOR PRESCHOOL AND ELEMENTARY CHILDREN. 4348063 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 13 0 1 85 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 14 14 0 0 0 0 1 1 0 1 0 0 0 1 1 1 1 1 1 1 1 0 X X HEATHER CAMPBELL 9195460788 1141 RALEIGH SCHOOL DRIVE RALEIGH NC 27607 ANDREA STAFFHORST CHAIR 2.00 X X 0 0 0 LISA PATEL 1ST VICE CHAIR 1.00 X X 0 0 0 MICHELE JONCZAK 2ND VICE CHAIR 1.00 X X 0 0 0 JULIE BANKS SECRETARY 1.00 X X 0 0 0 RANDALL LAGUE TREASURER 1.00 X X 0 0 0 BETH ALLEY BOARD MEMBER 1.00 X 0 0 0 ROB ALMONY BOARD MEMBER 1.00 X 0 0 0 MICHAEL BERARD BOARD MEMBER 1.00 X 0 0 0 MIKE CAPPS BOARD MEMBER 1.00 X 0 0 0 KEVIN CEGLOWSKI BOARD MEMBER 1.00 X 0 0 0 PAUL MCSORLEY BOARD MEMBER 1.00 X 0 0 0 PRADEEP METTU BOARD MEMBER 1.00 X 0 0 0 TAMI POLGE BOARD MEMBER 1.00 X 0 0 0 CHARLOTTE ROYSTER BOARD MEMBER 1.00 X 0 0 0 TIM TOMPKINS BOARD MEMBER 1.00 X 0 0 0 ERIC JOHNSON ELEMENTARY DIRECTOR 40.00 X 43525 0 1741 KELLY BANIK HEAD OF SCHOOL 40.00 X X 229347 0 21560 ELIZABETH GILLELAND PRESCHOOL DIRECTOR 40.00 X 92723 0 20852 HEATHER CAMPBELL DIRECTOR OF FINANCE & OPERATIONS 35.00 X 98705 0 23253 MARY COVINGTON FORMER ELEMENTARY DIRECTOR 40.00 X 42469 0 12777 506769 0 80183 1 1 1 0 0 58273 158150 37466 216423 TUITION 900099 4511331 4511331 REGISTRATION & FEES 611710 138831 138831 AFTER SCHOOL CARE 900099 60010 60010 SUMMER CAMP 900099 34183 34183 4744355 139852 139852 2599308 2364710 234598 234598 234598 69523 58273 19631 49892 49892 PPP LOAN FORGIVENESS 900099 671163 671163 MISC. REVENUE 900099 587 587 671750 6056870 4684345 0 1156102 198175 198175 583369 381546 176238 25585 2279332 2078909 69704 130719 173414 157811 4660 10943 408823 388404 7540 12879 196734 170812 15294 10628 41572 41572 27647 27647 29946 27263 1583 1100 106498 25547 80951 378613 341009 33844 3760 82819 82819 499981 349987 124995 24999 51180 51180 AUXILIARY 84126 84126 WRITE-DOWN OF CIP 69849 69849 ADMISSION EXPENSES 15513 3588 11925 CAPITAL CAMPAIGN 15364 14286 1078 182657 126600 42104 13953 5425612 4348063 772056 305493 2303390 2575922 348837 159993 1225 15360 79571 83360 10102214 5960940 4544661 4141274 5553947 6476469 12831631 13452378 465915 388769 2290200 2616095 1773232 1605983 855369 115407 5384716 4726254 X 6940771 8360780 506144 365344 7446915 8726124 12831631 13452378 X 631258 579152 68799 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 765709 1476 173629 940814 743471 5500 16738 765709 708260 400 34811 743471 521447 154260 32553 708260 472763 926 47758 521447 0.79330 0.20670 0 0 949359 949359 6802398 4932202 1870196 669035 524652 144383 1681422 504086 1177336 4141274 INTEREST RATE SWAP CONTRACT 115407 115407 6410200 579152 -198175 380977 6029223 27647 27647 6056870 5199790 0 5199790 27647 198175 225822 5425612 PART V, LINE 4: INTENDED USES OF THE ORGANIZATIONS'S ENDOWMENT FUNDS: THE ENDOWMENT WAS ESTABLISHED IN 2010 TO SUPPORT FIVE KEY AREAS - FINANCIAL AID, TEACHER ENRICHMENT, FACILITIES MAINTENANCE, TECHNOLOGY AND PROGRAMS CONSISTENT WITH THE SCHOOL'S MISSION INCLUDING ACADEMICS, ART, MUSIC, LANGUAGE, PHYSICAL EDUCATION, AND SOCIAL AND EMOTIONAL DEVELOPMENT. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID NETTED WITH TUITION REVENUE FOR FINANCIAL STATEMENTS -198,175. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED WITH TUITION REVENUE FOR FINANCIAL STATEMENTS 198,175. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 RACIALLY NODISCRIMINATORY POLICY: NON-DISCRIMINATORY POLICY IS ADVERTISED ON WEBSITE, VIEW BOOK AND APPLICATION AS PART OF SOLICITATION PROCESS. SILENT AUCTION 94757 58273 36484 10697 CARNIVAL 22597 22597 5196 117354 58273 59081 15893 15893 43188 1 FINANCIAL AID 27 198175 PART I, LINE 2: PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS IN THE UNITED STATES: THE RALEIGH SCHOOL USES AN OUTSIDE SERVICE TO COLLECT AND PROCESS FINANCIAL AID APPLICANT'S FINANCIAL INFORMATION. THIS SERVICE IS PROVIDED BY TADS. APPLICANTS SUBMIT THEIR FAMILY FINANCIAL INFORMATION TO TADS FOR PROCESSING. A SUMMARY REPORT OF THE FAMILY FINANCIAL INFORMATION IS SENT TO THE RALEIGH SCHOOL. ONCE THIS REPORT IS RECEIVED, THE FINANCIAL AID COMMITTEE REVIEWS THE REPORT AND MAKES AWARDS CONSIDERING THE INFORMATION PROVIDED IN THAT REPORT. X 0 0 0 0 0 0 0 0 0 KELLY BANIK HEAD OF SCHOOL 229347 0 0 0 0 0 9174 0 13207 0 251728 0 0 0 MARY COVINGTON FORMER ELEMENTARY DIRECTOR 42469 0 0 0 0 0 6045 0 6886 0 55400 0 0 0 A NORTH CAROLINA CAPITAL FACILITIES FINANCE AGENCY 561592154 2014-06-12 2750000 REFUND A PRIOR ISSUE 6/15/2006 0 0 0 A 1090000 2750000 2750000 1 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 0 1 1 BB&T 15.000000000000 0 0 0 0 0 A 1 X 5 37466 STOCK QUOTE 0 1 0 FORM 990, PART VI, SECTION A, LINE 6 ORGANIZATION'S MEMBERS: ALL CURRENT PARENTS, LAWFUL GUARDIANS, FOSTER PARENTS, AND EMPLOYEES OF THE SCHOOL ARE ACTIVE MEMBERS OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A ORGANIZATION'S MEMBERS AND THEIR POWER TO ELECT THE GOVERNING BODY: AS OUTLINED IN THE SCHOOL'S BY-LAWS, MEMBERS OF THE RALEIGH SCHOOL'S GOVERNING STRUCTURE OR BOARD OF TRUSTEES ARE ELECTED BY "ACTIVE MEMBERS" OF THE ORGANIZATION. THIS ELECTION IS HELD AT THE SCHOOL'S ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 8B CONTEMPORANEOUS DOCUMENTATION OF MEETINGS: ALL SUBCOMMITTEES OF THE BOARD OF TRUSTEES REPORT TO THE BOARD DURING MONTHLY BOARD MEETINGS. MINUTES ARE KEPT AT MONTHLY BOARD MEETINGS WHICH INCLUDE UPDATES FROM ALL SUBCOMMITTEES. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW: THE FORM 990 WAS GIVEN TO THE BOARD FINANCE COMMITTEE FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY: THE SCHOOL HAS A CONFLICT OF INTEREST POLICY. IT IS PART OF NEW BOARD TRAINING AND IS INCLUDED IN THE BOARD'S TRAINING MANUAL. THE CONFLICT OF INTEREST POLICY IS RENEWED AND SIGNED ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 PROCESS FOR DETERMINING COMPENSATION: THE BOARD OF TRUSTEES ESTABLISHES COMPENSATION FOR THE HEAD OF SCHOOL. COMPENSATION IS SET AFTER CONSIDERING BENCHMARKS INCLUDING DATA FROM INDEPENDENT SCHOOL ORGANIZATIONS (NCAIS AND SAIS) AND VIEWING PEER SCHOOL FORMS 990 ON-LINE. THE HEAD OF SCHOOL SETS SALARIES FOR DIVISION DIRECTORS USING SIMILAR BENCHMARKS. FORM 990, PART VI, SECTION C, LINE 19 MAKING DOCUMENTS AVAILABLE TO THE PUBLIC: GOVERNING DOCUMENTS ARE AVAILABLE ON-LINE. FORM 990 IS AVAILABLE IN THE SCHOOL'S BUSINESS OFFICE AND ON-LINE AT GUIDESTAR. THE CONFLICT OF INTEREST POLICY IS PROVIDED TO ALL TRUSTEES AND IS AVAILABLE TO THE PUBLIC AT THE SCHOOL'S OFFICES. THE QUARTERLY FINANCIAL STATEMENTS ARE DISTRIBUTED TO THE BOARD OF TRUSTEES. THE TREASURER REPORTS TO THE BOARD OF TRUSTEES AT THE MONTHLY BOARD MEETINGS. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF INTEREST RATE SWAP 68,799. FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: THE RALEIGH SCHOOL IS AN INDEPENDENT CO-EDUCATIONAL DAY SCHOOL SERVING CHILDREN FROM 18 MONTHS THROUGH FIFTH GRADE.