2021-02-01T13:06:05-06:00 2020-06-30 561750124 BATCHELOR TILLERY & ROBERTS LLP 3605 GLENWOOD AVENUE SUITE 350 RALEIGH NC 27612 990 2019-07-01 566001583 RAVENSCROFT SCHOOL RAVE 9198470900 7409 FALLS OF NEUSE ROAD RALEIGH NC 27615 DOREEN C KELLY HEAD OF SCHOOL 9198470900 2021-02-01 1 KEITH A WASSERMAN P00072834 9197878212 2019 2022-09-23 18:48:47Z DOREEN C KELLY 7409 FALLS OF NEUSE ROAD RALEIGH NC 27615 62085048 0 X WWW.RAVENSCROFT.ORG X 1951 NC OPERATION OF AN INDEPENDENT NONPROFIT SCHOOL THAT INCLUDES PRESCHOOL THROUGH GRADE TWELVE. 21 21 449 400 0 0 1958017 1867422 28772661 29703086 1446578 1341852 309863 206992 32487119 33119352 3014886 3133785 0 0 17853784 18510505 0 0 693124 10421242 9987660 31289912 31631950 1197207 1487402 43637500 52307065 8876150 19484472 34761350 32822593 OPERATION OF AN INDEPENDENT NONPROFIT SCHOOL THAT INCLUDES PRESCHOOL THROUGH GRADE TWELVE. 0 0 22509304 3133785 29829784 ALL FACETS OF PRIMARY & SECONDARY EDUCATION INCLUDING AUXILIARY OPERATIONS, SUMMER PROGRAMS, SCHOLARSHIPS AND FINANCIAL ASSISTANCE. 22509304 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 1 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 1 0 0 0 1 139 0 1 449 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 21 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X X AMY BRIGHT 9198470900 7409 FALLS OF NEUSE ROAD RALEIGH NC 27615 MR KEVIN T ANDERSON CHAIR 5.00 X X 0 0 0 MRS V WATSON PUGH VICE CHAIR 5.00 1.00 X X 0 0 0 MR SANTO J COSTA VICE CHAIR 5.00 X X 0 0 0 MR JOHN E PARHAM JR VICE CHAIR 5.00 X X 0 0 0 MR KELVIN JONES TREASURER 5.00 X X 0 0 0 MS JOYCE L POPE SECRETARY 5.00 X X 0 0 0 MRS AMY M BATTEN TRUSTEE 1.00 X 0 0 0 MRS KELLY POWELL GOULD TRUSTEE 1.00 X 0 0 0 MRS PAMELA JONES JAMISON TRUSTEE 1.00 X 0 0 0 MR JOHN T JENKINS II TRUSTEE 1.00 X 0 0 0 DR LAURA HELTON KALORIN TRUSTEE 1.00 X 0 0 0 DR KEVIN L KEIM TRUSTEE 1.00 X 0 0 0 MR MICHAEL ANTHONY NORONA TRUSTEE 1.00 X 0 0 0 MRS DONNA P PREISS TRUSTEE 1.00 X 0 0 0 MRS KRISTIN G REPLOGLE TRUSTEE 1.00 X 0 0 0 MR ROBERT CALVIN RICE JR TRUSTEE 1.00 X 0 0 0 MS PENNY A ROGERS TRUSTEE 1.00 X 0 0 0 MRS NELLE M SCHANTZ TRUSTEE 1.00 X 0 0 0 MRS MELISSE FRANCES SHABAN TRUSTEE 1.00 X 0 0 0 MR PETER A TANNENBAUM TRUSTEE 1.00 X 0 0 0 MR JAMES P ZIPERSKI TRUSTEE 1.00 X 0 0 0 DOREEN C KELLY HEAD OF SCHOOL 40.00 X 445449 0 156863 GEORGE L JOHNSON ASST HEAD - BUSINESS & FIN 40.00 X 265078 0 21173 PHILIP C HIGGINSON ASST HEAD - ADVANCEMENT 40.00 X 160749 0 31904 COLLEEN M RAMSDEN ASST HEAD - ACADEMIC AFFAI 40.00 X 167076 0 20814 EDWARD J GONET DIRECTOR OF ATHLETICS 40.00 X 135221 0 9412 JASON T RAMSDEN CHIEF INFOMATION OFFICER 40.00 X 121903 0 24067 LISA L HORTON DIRECTOR OF HUMAN RESOURCES 40.00 X 100409 0 25187 1395885 0 289420 11 0 1 0 SPEC CON INC 2475 WENDELL BOULEVARD WENDELL NC 275916903 GENERAL CONTRACTOR 919686 FLIK INDEPENDENT SCHOOLS PO BOX 417632 BOSTON MA 022417632 FOOD SERVICES 913438 BIRS INC PO BOX 36197 GREENSBORO NC 274166197 ROOFING 607114 THE BUDD GROUP INC PO BOX 890856 CHARLOTTE NC 282890856 CLEANING SERVICE 464799 TRIANGLE HOME PROS LLC 6312 LAURACA LANE FUQUAY VARINA NC 275265887 GENERAL CONTRACTOR 420774 12 144540 1722882 304927 1867422 TUITION & FEES 611710 28633837 28633837 AUXILIARY OPERATION 611710 1030769 1030769 APPLICATION FEES 611710 38480 38480 29703086 369811 369811 84506 0 84506 84506 84506 29834794 28862753 972041 972041 972041 98731 144540 102943 -4212 -4212 WITHDRAWAL FEES 611710 51875 51875 GRADUATION FEES 611710 21827 21827 SCHOOL PICTURES 611710 11769 11769 41227 41227 126698 33119352 29829784 0 1422146 3133785 3133785 881608 881608 14225704 11886858 1910393 428453 760934 674450 61192 25292 1509671 1288771 172572 48328 1132588 906070 192540 33978 54471 54471 83700 83700 72550 72550 458262 5740 445302 7220 103593 103593 323728 156325 144624 22779 342190 205333 119750 17107 632004 328673 303331 154403 111868 31773 10762 27268 27268 1795015 1205914 589101 241870 217683 24187 MAINTENANCE EXPENSE 1937340 27586 1909754 FACULTY/STAFF DISCOUNTS 1068490 1068490 MATERIALS AND SUPPLIES 819415 819415 STAFF DEVELOPMENT 356229 224598 129492 2139 1517132 247745 1172321 97066 31631950 22509304 8429522 693124 3398528 11058523 1169306 789716 721065 401838 148446 152486 4259 4259 59900366 42348669 15782900 17551697 21313188 21245798 1099808 1102748 43637500 52307065 1388633 1801049 5883324 11781793 1294873 3289893 28900 22101 280420 2589636 8876150 19484472 X 15716122 13639299 19045228 19183294 34761350 32822593 43637500 52307065 X 1487402 -1129033 -2297126 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17813031 365104 150874 284296 374276 17670437 17239241 382560 839465 159620 488615 17813031 16198136 681429 1038959 140623 538660 17239241 14427238 620116 1661099 108380 401937 16198136 13649609 1647235 -71956 54817 742833 14427238 0.69450 0.30550 1 0 1836908 1836908 39765863 28978307 10787556 9241006 7409602 1831404 9056589 5960760 3095829 17551697 CAPITAL LEASES PAYABLE 292510 INTEREST RATE SWAP LIABILITY 2297126 2589636 28856091 -1129033 -3133785 -4262818 33118909 443 443 33119352 28497722 -443 -443 28498165 3133785 3133785 31631950 PART V, LINE 4: THE INTENDED USES OF THE ORGANIZATION'S ENDOWMENT FUNDS: ENDOWMENT FUNDS HELD BY THE SCHOOL ARE PRIMARILY USED FOR SCHOLARSHIPS, AND FACULTY AND STAFF PROFESSIONAL DEVELOPMENT AND AWARDS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL ASSISTANCE NETTED WITH TUITION REVENUE FOR FINANCIAL STATEMENTS -3,133,785. PART XI, LINE 4B - OTHER ADJUSTMENTS: GAIN ON SALE OF INVESTMENTS NETTED WITH EXPENSE FOR FINANCIAL STATEMENTS 443. PART XII, LINE 2D - OTHER ADJUSTMENTS: GAIN ON SALE OF INVESTMENTS NETTED WITH EXPENSE FOR FINANCIAL STATEMENTS -443. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL ASSISTANCE NETTED WITH TUITION REVENUE FOR FINANCIAL STATEMENTS 3,133,785. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 RAVENSCROFT SCHOOL STANDS BEHIND THE PRINCIPLE THAT THERE SHALL BE NO DISCRIMINATION AGAINST ANY PERSON IN ADMISSION, EMPLOYMENT, OR OTHERWISE BECAUSE OF RACE, COLOR, RELIGION, NATIONAL ORIGIN, DISABILITY, SEX OR AGE IN VIOLATION OF EXISTING STATE OR FEDERAL LAW AND REGULATIONS. GALA 213990 144540 69450 7975 61300 19376 GOPLAYSAVE 15836 15836 3871 1 11441 11441 10421 241267 144540 96727 7975 61300 33668 102943 -6216 1 MERIT SCHOLARSHIPS 11 29370 FINANCIAL ASSISTANCE 248 3002587 SIBLING DISCOUNTS 253 101828 PART I, LINE 2 THE PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS IN THE UNITED STATES: RAVENSCROFT USES AN OUTSIDE SERVICE TO COLLECT AND PROCESS FINANCIAL AID APPLICANTS' 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 GENERATED AND SENT TO RAVENSCROFT SCHOOL. ONCE THIS REPORT IS RECEIVED THE FINANCIAL AID COMMITTEE REVIEWS THE REPORT AND MAKES AWARDS CONSIDERING THE INFORMATION PROVIDED IN THAT REPORT. APPLICANTS ARE REQUIRED TO PROVIDE SUPPORTING DOCUMENTATION OF THE INFORMATION PROVIDED ON THE TADS APPLICATION. X 1 1 X X X X 0 1 0 0 0 0 0 0 0 DOREEN C KELLY HEAD OF SCHOOL 362135 0 74284 0 9030 0 64600 0 92429 0 602478 0 0 0 GEORGE L JOHNSON ASST HEAD - BUSINESS & FIN 251083 0 3847 0 10148 0 11845 0 9494 0 286417 0 0 0 PHILIP C HIGGINSON ASST HEAD - ADVANCEMENT 155422 0 3847 0 1480 0 8310 0 23760 0 192819 0 0 0 COLLEEN M RAMSDEN ASST HEAD - ACADEMIC AFFAI 162640 0 3847 0 589 0 11488 0 9493 0 188057 0 0 0 PART II, COLUMN (D) NONTAXABLE BENEFITS: REFLECTS THE VALUE OF HOUSING THE HEAD OF SCHOOL RECEIVES FOR RESIDING AT THE HOUSE LOCATED ON THE SCHOOL CAMPUS. THE HEAD OF SCHOOL IS REQUIRED TO RESIDE ON CAMPUS IN ORDER TO BE AVAILABLE FOR EMERGENCIES AT ALL TIMES. PART I, LINE 4B PARTICIPATION IN SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN: THE SCHOOL ESTABLISHED A 457(F) DEFERRED COMPENSATION PLAN FOR SENIOR LEADERSHIP. IN FISCAL YEAR ENDED 6/30/2020 THE SCHOOL REPORTED AND FUNDED $45,000 DEFERRED COMPENSATION FOR THE HEAD OF SCHOOL. A PUBLIC FINANCE AUTHORITY 273866124 2020-01-29 19500000 FINANCE CAPITAL IMPROVEMENTS & REFUND A PRIOR ISSUE 12/14/2010 0 0 0 A 19500000 358636 3358989 15782375 1 0 0 1 A 0 0 0 0 0 0 1 A 0 0 0 0 1 1 TRUIST BANK 20.000000000000 0 0 0 0 1 A 0 2000 MUSIC SCHOLARSHIP FINE ARTS ENRICHMENT 9490 NEED-BASED FINANCIAL AID FOR TUITION X 16 304927 STOCK QUOTE 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS: THE FORM 990 DRAFT IS PROVIDED TO THE ASSOCIATE HEAD OF SCHOOL FOR BUSINESS AND FINANCE AND THE DIRECTOR OF FINANCE FOR THEIR REVIEW. ONCE THEIR REVIEW IS COMPLETED A REVISED DRAFT IS PROVIDED TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES FOR THEIR REVIEW. THE FORM 990 DRAFT WILL THEN BE PRESENTED TO THE FULL BOARD OF TRUSTEES FOR THEIR REVIEW. ONCE ALL QUESTIONS, COMMENTS AND CHANGES HAVE BEEN COMPLETED, THE HEAD OF SCHOOL WILL SIGN FORM 8879-EO, IRS E-FILE SIGNATURE AUTHORIZATION FOR AN EXEMPT ORGANIZATION, AND THE RETURN WILL BE E-FILED. FORM 990, PART VI, SECTION B, LINE 12C MONITORING CONFLICTS OF INTEREST: BOARD TRUSTEES AND KEY EMPLOYEES ARE ASKED ANUALLY TO DISCLOSE ANY BUSINESS RELATIONSHIPS THAT COULD RESULT IN A CONFLICT OF INTEREST WITH THEIR FIDUCIARY OBLIGATION TO THE SCHOOL. AN ANNUAL SURVEY IS SENT TO EACH TRUSTEE AND KEY EMPLOYEE TO MONITOR COMPLIANCE WITH THE SCHOOL'S CONFLICT OF INTEREST POLICY TO DETERMINE IF AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST EXISTS. WHEN THE SCHOOL BECOMES AWARE THAT A CONFLICT EXISTS, WHETHER POTENTIAL OR ACTUAL, ACTION IS TAKEN IMMEDIATELY TO CORRECT THE SITUATION. FORM 990, PART VI, SECTION B, LINE 15A THE PROCESS FOR DETERMINING COMPENSATION: . PERIODIC USE OF OUTSIDE CONSULTANT TO PROVIDE COMPENSATION DATA FOR HEADS OF SCHOOL TO EXECUTIVE COMMITTEE OF THE BOARD. . REVIEW OF DATA BY EXECUTIVE COMMITTEE OF THE BOARD. . INDIVIDUAL EVALUATION OF HEAD OF SCHOOL BY BOARD MEMBERS USING A FORMAL EVALUATION INSTRUMENT; HEAD OF SCHOOL SELF EVALUATION. . SUMMARIZATION OF INDIVIDUAL EVALUATIONS BY EXECUTIVE COMMITTEE OF THE BOARD. . DISCUSSION OF EVALUATION IN BOTH VERBAL AND WRITTEN FORM WITH THE HEAD OF SCHOOL AND THE EXECUTIVE COMMITTEE OF THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 MAKING DOCUMENTS AVAILABLE TO THE PUBLIC: THE TAX RETURN IS MADE AVAILABLE UPON REQUEST FROM THE RAVENSCROFT BUSINESS OFFICE. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF INTEREST RATE SWAP -2,297,126. SCHEDULE E, QUESTION 5D ADDITIONAL FINANCIAL ASSISTANCE PROVIDED TO STUDENTS: RAVENSCROFT USES AN OUTSIDE SERVICE TO COLLECT AND PROCESS FINANCIAL AID APPLICANTS' FINANCIAL INFORMATION. THIS SERVICE IS PROVIDED BY TADS ON A NONDISCRIMINATORY BASIS. APPLICANTS SUBMIT THEIR FAMILY FINANCIAL INFORMATION TO TADS FOR PROCESSING. A SUMMARY REPORT OF THE FAMILY FINANCIAL INFORMATION IS GENERATED AND SENT TO RAVENSCROFT SCHOOL. ONCE THIS REPORT IS RECEIVED THE FINANCIAL AID COMMITTEE REVIEWS THE REPORT AND MAKES AWARDS CONSIDERING THE INFORMATION PROVIDED IN THAT REPORT. APPLICANTS ARE REQUIRED TO PROVIDE SUPPORTING DOCUMENTATION OF THE INFORMATION PROVIDED ON THE TADS APPLICATION. IN ADDITION TO THE FINANCIAL ASSISTANCE AWARDED THROUGH THE ABOVE PROCESS, THE SCHOOL MAINTAINS TWENTY-ONE FINANCIAL AID ENDOWMENTS AS WELL AS FOUR SCHOLARSHIP ENDOWMENTS TO BENEFIT STUDENTS. SOME OF THESE ENDOWMENTS HAVE NO CRITERIA AND OTHERS ARE AWARDED BASED ON SPECIFIC CRITERIA SUCH AS THE STUDENT BEING ENROLLED IN AN ACADEMIC SKILLS PROGRAM, DISADVANTAGED WITH FINANCIAL NEED, A MEMBER OF A MINORITY CLASS, EXCEL IN FINE ARTS, AND OTHER SELECTED CRITERIA. THE ADDITIONAL ENDOWMENTS ARE INTENDED TO SUPPORT, PROMOTE AND ENHANCE THE OVERALL COMPOSITION OF THE SCHOOL'S ACADEMIC, MINORITY AND SOCIALLY DIVERSE COMMUNITY. RAVENSCROFT SCHOOL FOUNDATION INC 7409 FALLS OF THE NEUSE ROAD RALEIGH NC 27615 237035426 INVESTMENT NC 501(C)(3) 509 (A) (3) N/A 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0