2022-05-10T13:10:14-05:00 2021-06-30 560747981 DIXON HUGHES GOODMAN LLP 500 RIDGEFIELD COURT ASHEVILLE NC 28806 990 2020-07-01 560125490 CAROLINA DAY SCHOOL INC CARO 8282740757 1345 HENDERSONVILLE ROAD ASHEVILLE NC 28803 STEPHANIE WHITNEY HEAD OF SCHOOL 8282740757 2022-05-10 1 STEPHANIE WHITNEY 999009999 AMY BIBBY P00445891 8282542254 2022-05-10 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z STEPHANIE WHITNEY 1345 HENDERSONVILLE ROAD ASHEVILLE NC 28803 19898186 0 X WWW.CAROLINADAY.ORG X 1936 NC PROVIDING EDUCATIONAL SERVICES TO THE COMMUNITY 20 20 218 0 0 0 699862 2674352 18074534 16889202 211251 265371 28183 46022 19013830 19874947 3676266 3957152 0 0 12393107 11121914 0 0 483808 4082033 3748376 20151406 18827442 -1137576 1047505 29276919 29412889 7703636 5607802 21573283 23805087 X TO INSPIRE STUDENTS TO BECOME INNOVATIVE THINKERS WHO COMMUNICATE WITH INTELLIGENCE AND CLARITY, CREATE WITH VISION AND PURPOSE, AND ACT WITH COURAGE AND COMPASSION TO CONFIDENTLY MAKE A MEANINGFUL DIFFERENCE IN THE WORLD. 0 0 16564847 3957152 18948394 SEE SCHEDULE O CAROLINA DAY SCHOOL IS A MODEL OF ACADEMIC EXCELLENCE, A LEADER IN CURRICULAR INNOVATION, AND IS AN ACCREDITED, CO-EDUCATIONAL, SECULAR, INDEPENDENT DAY SCHOOL. IN THE 2020-21 SCHOOL YEAR, 556 STUDENTS ENROLLED IN PRE-KINDERGARTEN THROUGH GRADE 12. CAROLINA DAY SCHOOL DELIVERS A RICH, DIFFERENTIATED, PERSONALLY RIGOROUS, WHOLE-CHILD ACADEMIC EXPERIENCE THAT FOSTERS ACCELERATED LEARNING, AND PROVIDES SUPPORTS WHEN NECESSARY TO ACADEMICALLY CAPABLE, MOTIVATED AND INQUISITIVE STUDENTS. EXPERIENTIAL, DEEP LEARNING IS HALLMARK TO THE PROGRAM. EXCEPTIONAL FACULTY DEEPLY KNOW THEIR STUDENTS, WHO DISTINGUISH THEMSELVES NOT ONLY ACADEMICALLY, BUT ALSO ARTISTICALLY, ATHLETICALLY, AND SOCIALLY IN A COMMUNITY BUILT ON TRUST, INTEGRITY, AND KINDNESS.THE KEY SCHOOL, ESTABLISHED IN 1997, IS A DIVISION OF CAROLINA DAY SCHOOL. THE KEY SCHOOL PROVIDES EDUCATIONAL OPPORTUNITIES FOR BRIGHT STUDENTS WITH LANGUAGE-BASED LEARNING DIFFERENCES. THE KEY SCHOOL'S TEACHER TRAINING PROGRAM IS ACCREDITED BY THE INTERNATIONAL MULTISENSORY STRUCTURED LANGUAGE EDUCATION COUNCIL, THE ACADEMY OF ORTON- GILLINGHAM PRACTITIONERS AND EDUCATORS, AND THE INTERNATIONAL DYSLEXIA ASSOCIATION. 16564847 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 57 0 1 218 1 0 0 0 0 1 1 1 1 0 0 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X X THE ORGANIZATION 8282740758 1345 HENDERSONVILLE ROAD ASHEVILLE NC 28803 MICHAEL ANDRY BOARD CHAIR 5.00 X X 0 0 0 JENNIFER BOCK FINANCE CHAIR/TREASURER 5.00 X X 0 0 0 SWATI PATEL VICE CHAIR 5.00 X X 0 0 0 SUZANNE ROSE SECRETARY 5.00 X X 0 0 0 MONICA BASTIN TRUSTEE 2.00 X 0 0 0 BOB BELL TRUSTEE 2.00 X 0 0 0 TOM ORECK TRUSTEE 2.00 X 0 0 0 PATTI D'ANGELO TRUSTEE 2.00 X 0 0 0 DENNIS DAVITT TRUSTEE 2.00 X 0 0 0 JOSH GIBBS TRUSTEE 2.00 X 0 0 0 ANN GOOSMANN TRUSTEE 2.00 X 0 0 0 SCOTT GROCE TRUSTEE 2.00 X 0 0 0 TOM OLVERSON TRUSTEE 2.00 X 0 0 0 ROBIN OSWALD TRUSTEE 2.00 X 0 0 0 JEN RAMMING TRUSTEE 2.00 X 0 0 0 GRAHAM REYNOLDS TRUSTEE 2.00 X 0 0 0 JOHN STANIER TRUSTEE 2.00 X 0 0 0 STEFANIE UPHAM TRUSTEE 2.00 X 0 0 0 ELIZABETH FLYNN TRUSTEE 2.00 X 0 0 0 MARK KIISS TRUSTEE 2.00 X 0 0 0 STEPHANIE WHITNEY HEAD OF SCHOOL 50.00 X 150773 0 16380 BRETT FUHRMAN CFO THRU' 08/01/2020 / CONSULTANT 40.00 X 123041 0 15039 ELAINE KREUZ DIR. OF ADVANCEMENT 40.00 X 113879 0 17218 JEFFRY KALIL MIDDLE SCHOOL PRINCIPAL 40.00 X 114881 0 14374 DIANE MILNER KEY SCHOOL PRINCIPAL 40.00 X 118180 0 14336 MARGOT MOSES US DEAN OF STUDENTS 40.00 X 100687 0 7872 KIRK DUNCAN FORMER HEAD OF SCHOOL 0.00 X 147600 0 0 PEGGY DANIELS FORMER INTERIM HOS 0.00 X 103629 0 5244 972670 0 90463 8 1 1 0 ELECTRONIC OFFICE 1257 SWEETEN CREEK RD ASHEVILLE NC 28803 COMPUTER CONSULTING 174765 INSPECTION READY CLEANING PO BOX 1623 SKYLAND NC 28776 CLEANING SERVICE 174635 H&M CONSTRUCTORS 187 DEAVERVIEW RD ASHEVILLE NC 28806 CONSTRUCTION SERVICES 169355 WILDE ACRE LANDSCAPES 9 LINDA VISTA DR ASHEVILLE NC 28806 LANDSCAPING SERVICES 125972 CLARK NEXSEN INC 301 COLLEGE STREET SUITE300 ASHEVILLE NC 28801 ARCHITECTURAL SERVICES 105959 5 56600 2059192 558560 32912 2674352 TUITION & FEES 611710 16889202 16889202 16889202 151586 151586 113785 0 113785 113785 113785 53900 56600 23239 30661 30661 MISCELLANEOUS INCOME 900099 15361 15361 15361 19874947 16889202 0 311393 3957152 3957152 298373 298373 133501 43752 89749 7640864 6773033 540765 327066 370683 308333 46322 16028 2098771 1867258 143134 88379 579722 490017 66090 23615 17396 17396 40306 40306 35049 35049 655691 399394 256286 11 99229 98774 455 317525 263316 25955 28254 536196 512115 24081 366654 362905 3749 24785 24785 6907 5666 1241 102447 102447 939636 939636 91517 91517 CLASS EXPENSES 283860 283860 OTHER EDUCATIONAL EXPEN 91879 91879 CLUB EXPENSES 72371 72371 MISCELLANEOUS 66928 66928 18827442 16564847 1778787 483808 438113 390180 5100530 4497920 37941 57077 102028 125504 3600 229 30465298 12213951 18703211 18251347 4891496 6090632 29276919 29412889 1024127 1009326 1167588 1331864 5326853 3078559 185068 188053 7703636 5607802 X 17913915 19318973 3659368 4486114 21573283 23805087 29276919 29412889 1047505 1184299 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4891521 4950 1409161 215000 6090632 4956610 1639 159272 226000 4891521 4957380 47464 198266 246500 4956610 4878236 27547 276097 224500 4957380 4561565 55510 497161 236000 4878236 0.28335 0.61441 0.10224 0 0 5159505 5159505 19758554 8529217 11229337 118684 118135 549 2597057 2071453 525604 2831498 1495146 1336352 18251347 CURRENT PORTION OF LT DEBT 188053 188053 X 21047436 1184299 23239 1207538 19839898 35049 35049 19874947 18815632 23239 23239 18792393 35049 35049 18827442 PART V, LINE 4: THE ORGANIZATION UTILIZES DISTRIBUTIONS FROM ENDOWMENT FUNDS AS DIRECTED BY DONORS FOR A VARIETY OF PROGRAMS AND SERVICES OFFERED BY THE SCHOOL AS PART OF ITS EXEMPT PURPOSE. PART X, LINE 2: THE SCHOOL IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND THE STATUTES OF THE STATE OF NORTH CAROLINA. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS PROVIDED IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE SCHOOL'S POLICY IS TO RECORD A LIABILITY FOR ANY TAX POSITION TAKEN THAT IS BENEFICIAL TO THE SCHOOL, INCLUDING ANY RELATED INTEREST AND PENALTIES, WHEN IT IS MORE LIKELY THAN NOT THE POSITION TAKEN BY MANAGEMENT WITH RESPECT TO A TRANSACTION OR CLASS OF TRANSACTIONS WILL BE OVERTURNED BY A TAXING AUTHORITY UPON EXAMINATION. MANAGEMENT BELIEVES THERE ARE NO SUCH POSITIONS AS OF JUNE 30, 2021 AND, ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED. THE SCHOOL'S FEDERAL RETURNS OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) FOR 2019 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS 23,239. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS 23,239. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 CAROLINA DAY SCHOOL ADMINISTERS ITS ADMISSIONS, SCHOLARSHIP, ATHLETIC, PERSONNEL, AND OTHER PROGRAMS WITHOUT REGARD TO RACE, CREED, COLOR, NATIONAL OR ETHNIC ORIGIN. AGAINST ALL ODDS 110500 56600 53900 23239 110500 56600 53900 23239 23239 30661 1 MERIT SCHOLARSHIPS 38 153200 NEED-BASED FINANCIAL AID 219 3772960 PART I, LINE 2: FINANCIAL AID IS AWARDED BASED ON FINANCIAL NEED AS DETERMINED THROUGH ANALYSIS BY SCHOOL AND STUDENT SERVICES BY NAIS, BALANCED WITH FUNDS AVAILABLE. MERIT SCHOLARSHIPS ARE AWARDED TO STUDENTS BASED ON ACADEMIC ACHIEVEMENT. STUDENTS CAN CONTINUE TO RECEIVE THE AWARD EACH YEAR UNTIL GRADUATION AS LONG AS THEY MEET QUALIFICATIONS. X 0 1 X X X X X 1 0 0 0 0 0 0 0 0 STEPHANIE WHITNEY HEAD OF SCHOOL 132273 0 0 0 18500 0 7800 0 8580 0 167153 0 0 0 KIRK DUNCAN FORMER HEAD OF SCHOOL 0 0 0 0 147600 0 0 0 0 0 147600 0 0 0 PEGGY DANIELS FORMER INTERIM HOS 103629 0 0 0 0 0 5244 0 0 0 108873 0 0 0 PART I, LINE 1A THE HEAD OF SCHOOL RECEIVES AN ANNUAL HOUSING ALLOWANCE FOR THEIR RESPONSIBILITIES AS HEAD OF SCHOOL. THE HOUSING ALLOWANCE IS INCLUDED AS TAXABLE INCOME ON THEIR W-2. PART I, LINE 4A THE ORGANIZATION PAID SERVERANCE TO THE HEAD OF SCHOOL KIRK DUNCAN IN THE AMOUNT OF 147,600 ON HIS 2020 FORM W-2. MEREDITH DANIELS RELATED TO PEGGY DANIELS, FORMER THE ASSOC HO/VP 43752 EMPLOYEE SERVICES 0 MAX COGBURN III RELATED TO MAX COGBURN JR., FORMER TRUSTEE 89749 EMPLOYEE SERVICES 0 X 2 32762 FMV 0 1 1 PART I, LINE 32B: THE ORGANIZATION USES THIRD PARTY FINANCIAL ADVISORS TO PROCESS AND SELL DONATED STOCKS UPON RECEIPT. FORM 990, PART VI, SECTION B, LINE 11B THE 990 WAS REVIEWED IN DEPTH BY THE AUDIT COMMITTEE WITH ASSISTANCE OF THE TAX PREPARER AND THEN PROVIDED TO THE ENTIRE VOTING BOARD, PRIOR TO THE RETURN'S FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS ARE REQUIRED TO SIGN AN ANNUAL CONFLICT OF INTEREST POLICY. MANAGEMENT MONITORS TRANSACTIONS FOR THE SCHOOL TO IDENTIFY ANY POTENTIAL CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION FOR THE HEAD OF SCHOOL/PRESIDENT IS DETERMINED BY A COMPENSATION COMMITTEE WHO OBTAIN COMPARABLE DATA FROM SIMILAR SCHOOLS. COMPENSATION FOR THE ASSOCIATE HEAD OF SCHOOL/VICE-PRESIDENT IS DETERMINED BY THE HEAD OF SCHOOL WHO USES COMPARABLE DATA FROM SIMILAR SCHOOLS. ANNUAL SALARY INCREASE IS THE SAME AS FOR ALL OTHER EMPLOYEES OF THE SCHOOL. FORM 990, PART VI, SECTION C, LINE 18 RECENT FILINGS OF THE FORM 990 ARE AVAILABLE UPON REQUEST AND ONLINE AT WWW.GUIDESTAR.ORG. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.