2021-04-30T11:56:40-05:00 2020-06-30 540504608 BROWN EDWARDS & COMPANY LLP 319 MCCLANAHAN STREET SW ROANOKE VA 24014 990 2019-07-01 540699572 NORTH CROSS SCHOOL NORT 5409896641 4254 COLONIAL AVE SW ROANOKE VA 24018 STUART GUY DIRECTOR OF FINANCE 5409896641 2021-04-29 1 MELISSA STANLEY P00720497 5403450936 2021-04-29 2019 2022-09-23 18:48:47Z STUART GUY 4254 COLONIAL AVE SW ROANOKE VA 24018 11882728 0 X WWW.NORTHCROSS.ORG X 1944 VA A NON-SECTARIAN, INDEPENDENT, CO-EDUCATIONAL COLLEGE PREPARATORY DAY SCHOOL, SERVICING GRADES PRE-KINDERGARTEN THROUGH TWELVE. 18 18 278 51 225225 0 3886639 1385915 10149267 10359900 65310 32084 82129 52426 14183345 11830325 2339225 2720885 0 0 6262901 6060107 0 0 234830 3458819 3207583 12060945 11988575 2122400 -158250 20188327 25415430 2179250 7393015 18009077 18022415 A NON-SECTARIAN, INDEPENDENT, CO-EDUCATIONAL COLLEGE PREPARATORY DAY SCHOOL, SERVICING GRADES PRE-KINDERGARTEN THROUGH TWELVE. 0 0 9103422 2720885 10134675 INSTRUCTIONAL - FUNDS USED TO PROVIDE COMPREHENSIVE EDUCATIONAL PROGRAMS TO 505 STUDENTS IN GRADES PRE-KINDERGARTEN THROUGH TWELFTH, AUXILIARY SERVICES, AND THE CARTER ATHLETIC CENTER FOR THE SCHOOL AND THE PUBLIC. 9103422 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 1 0 1 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 53 0 1 278 1 1 1 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 VA X STUART GUY 5409896641 4254 COLONIAL AVE SW ROANOKE VA 24018 FRANK RUSSELL ELLETT TRUSTEE 1.00 X 0 0 0 TALFOURD H KEMPER JR CHAIR 1.00 X X 0 0 0 DR DONNA RS BATZEL TRUSTEE 1.00 X 0 0 0 SARAH BOXLEY BECK VICE CHAIR 1.00 X X 0 0 0 KEVIN S BLOOMFIELD TRUSTEE 1.00 X 0 0 0 JOHN D LUGAR TRUSTEE 1.00 X 0 0 0 JOHN BARNEY HAMMOND TRUSTEE 1.00 X 0 0 0 JOSEPH M HOFF TRUSTEE 1.00 X 0 0 0 JANET DUNN FRANTZ TRUSTEE 1.00 X 0 0 0 QUINN GRAEFF TRUSTEE 1.00 X 0 0 0 ANNE HUFF TRUSTEE 1.00 X 0 0 0 DR MICHAEL JEREMIAH TRUSTEE 1.00 X 0 0 0 PAM MOSKAL TRUSTEE 1.00 X 0 0 0 CHRISTOPHER CAREY TRUSTEE 1.00 X 0 0 0 EDWARD M SMITH SR SECRETARY 1.00 X X 0 0 0 KEVIN R QUINN TRUSTEE 1.00 X 0 0 0 GREGORY M TERRILL TREASURER 1.00 X X 0 0 0 R CHRISTOPHER TETER TRUSTEE 1.00 X 0 0 0 CHRISTIAN PROCTOR PHD HEAD OF SCHOOL 40.00 X 230000 0 30500 230000 0 30500 1 0 1 0 MB CONTRACTORS 3825 BLUE RIDGE DRIVE ROANOKE VA 24018 CONSTRUCTION CONTACTOR 8365503 WILSON INTERNATIONAL SCHOOL 416 S JEFFERSON ST ROANOKE VA 24011 STUDENT BOARDING DORMITORY 229478 BRAME SPECIALTY COMPANY 1343 CASTLE HAYNE RD WILMINGTON NC 28401 OFFICE SUPPLY 189375 SOUTHERN CONCESSIONS 4254 COLONIAL DRIVE ROANOKE VA 24018 CAFETERIA CONTRACTOR 181184 4 1385915 348102 1385915 TUITION AND FEES 611110 9447935 9447935 AUXILLARY SERVICES 611110 296218 296218 CARTER ATHLETIC CENTER 713940 225225 225225 390522 390522 10359900 32084 32084 23050 13515 9535 9535 9535 81779 38888 42891 42891 11830325 10134675 225225 84510 2720885 2720885 5060070 3345208 1554804 160058 270386 179361 84689 6336 379910 256814 119923 3173 349741 258292 79205 12244 1282 1282 50075 50075 31486 200 13207 18079 40285 32561 3392 4332 242227 61943 180284 67035 67035 627934 627934 110608 110608 INSTRUCTION & STUDENT A 651628 651628 GENERAL & ADMINISTRATIV 452854 452854 CARTER ATHLETIC CENTER 414623 414623 AUXILLARY SERVICES 265062 265062 252484 221876 30608 11988575 9103422 2650323 234830 2199926 453320 326829 537187 6551277 4261204 266975 193507 4950 4950 53691 34258 33719368 15184145 9403886 18535223 1380793 1395781 20188327 25415430 877156 1308734 321722 253055 851313 5715924 129059 115302 2179250 7393015 X 6470618 5649787 11538459 12372628 18009077 18022415 20188327 25415430 -158250 15723 155865 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1390554 20285 47807 53855 1404791 1316714 70544 51296 48000 1390554 1180167 89891 88941 42285 1316714 1070956 49457 100769 41015 1180167 1029995 96465 -11915 43589 1070956 0.07400 0.10430 0.82180 0 0 387605 387605 16942952 10600456 6342496 3026890 2784100 242790 13361921 1799589 11562332 18535223 MUTUAL FUNDS 700188 F PRIVATE EQUITY 10679 F OTHER INVESTMENTS 2875 F MONEY MARKET FUND 163271 F BOND FUND 518768 F 1395781 DEPOSITS HELD FOR OTHERS 115302 115302 X 9231423 15723 52403 68126 9163297 2667028 2667028 11830325 9373950 52403 52403 9321547 2667028 2667028 11988575 PART V, LINE 4: ENDOWMENT FUNDS ARE USED FOR SCHOLARSHIPS AND FACULTY ENRICHMENT. PART X, LINE 2: THE SCHOOL IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. MANAGEMENT HAS EVALUATED THE EFFECT OF GUIDANCE PROVIDED BY GAAP IN ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT BELIEVES THAT THE SCHOOL CONTINUES TO SATISFY THE REQUIREMENTS OF A TAX-EXEMPT ORGANIZATION AT JUNE 30, 2020. MANAGEMENT HAS EVALUATED ALL OTHER TAX POSITIONS THAT COULD HAVE A SIGNIFICANT EFFECT ON THE FINANCIAL STATEMENTS AND DETERMINED THE SCHOOL HAD NO UNCERTAIN INCOME TAX POSITIONS AT JUNE 30, 2020 OR 2019. PART XI, LINE 2D - OTHER ADJUSTMENTS: REAL PROPERTY RENTAL EXPENSES SHOWN NET OF RENTAL INCOME 13,515. FUNDRAISING EXP SHOWN NET OF FUNDRAISING REVENUE 38,888. PART XI, LINE 4B - OTHER ADJUSTMENTS: TUITION REMISSION SHOWN NET ON FINANCIALS 744,981. FINANCIAL AID SHOWN NET ON FINANCIALS 1,922,047. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXP SHOWN NET OF FUNDRAISING REVENUE 38,888. REAL PROPERTY RENTAL EXPENSES SHOWN NET OF RENTAL INCOME 13,515. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION REMISSION SHOWN NET ON FINANCIALS 744,981. FINANCIAL AID SHOWN NET ON FINANCIALS 1,922,047. 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 POLICY IS DESCRIBED IN THE HANDBOOK AS WELL AS POSTED ON THE ORGANIZATION WEBSITE SEPARATELY. EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 EDUCATION TEACHING 112163 0 0 0 0 0 0 112163 0 112163 0 0 0 0 0 0 PART I, LINE 2: NO GRANTS ARE MADE OUTSIDE THE US. PART III ACCOUNTING METHOD: GALA 81779 81779 38888 81779 81779 38888 38888 42891 1 FINANCIAL AID & SCHOLARSHIPS 197 1975882 TUITION REMISSION 64 744981 PART I, LINE 2: TUITION REMISSION IS AN EMPLOYEE BENEFIT PROVIDED TO EMPLOYEES FOR THEIR OWN STUDENTS THAT ATTEND NORTH CROSS SCHOOL. FINANCIAL AID INCLUDES BOTH NEED AND MERIT BASED AWARDS. NEED BASED AWARDS ARE GIVEN TO FAMILIES WHO DEMONSTRATE FINANCIAL AID; MERIT BASED AWARDS ARE GIVEN UNDER CERTAIN CONDITIONS OF MAINTAINING A MINIMUM LEVEL OF PERFORMANCE, INCLUDING GPA, GOOD STANDING, ETC. ALL STUDENTS MUST MEET ADMISSION REQUIREMENTS, INCLUDING TESTING. X 1 1 X X 0 0 0 0 0 0 0 0 0 CHRISTIAN PROCTOR PHD HEAD OF SCHOOL 230000 0 0 0 0 0 30500 0 0 0 260500 0 0 0 PART I, LINE 1A A RESIDENCE OWNED BY NORTH CROSS SCHOOL IS PROVIDED TO THE HEADMASTER AS PART OF THE COMPENSATION PACKAGE. THIS IS A CONDITION OF HIS EMPLOYMENT AND IT IS FOR THE CONVENIENCE OF THE EMPLOYER AND THE EMPLOYEE. X 24 348102 STOCK QUOTE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE ASSOCIATE HEAD OF SCHOOL FOR FINANCE AND OPERATIONS, HEADMASTER, AND FINANCE COMMITTEE REVIEWS THE RETURN. ONCE THE AUDIT COMMITTE APPROVES THE RETURN, THE REST OF THE BOARD REVIEWS IT PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ASSOCIATE HEAD OF SCHOOL FOR FINANCE AND OPERATIONS IS AWARE OF ALL BUSINESS TRANSACTIONS AND MONITORS THEM CLOSELY FOR ANY CONFLICTS. THE CONFLICT OF INTEREST POLICY IS APPROVED BY THE BOARD. ANY ARISING CONFLICT IS HANDLED IN ACCORDANCE TO PROCEDURE OUTLINED IN THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE HEADMASTER'S SALARY IS DETERMINED BY SALARY COMPARISONS FROM VAIS AND NAIS FOR THE NATIONAL AVERAGE AND APPROVED BY THE BOARD. THE ASSOCIATE HEAD OF SCHOOL FOR FINANCE AND OPERATIONS AND HEADMASTER THEN START THE BUDGET PROCESS IN NOVEMBER. THEY START WITH SEVERAL SALARY INCREASE SCENARIOS AND DETERMINE WHICH OF THE PERCENTAGES THE ORGANIZATION CAN AFFORD. A MEETING IS HELD WITH THE FINANCE COMMITTEE FOR INITIAL REVIEW IN DECEMBER. CONTRACTS ARE SENT OUT WITH INCREASES IN MARCH. NEW HIRE SALARIES ARE DETERMINED BY THE HEADMASTER. COMPARISONS ARE USED FROM VAIS AND NAIS FOR NATIONAL AVERAGE COMPARISONS. FORM 990, PART VI, SECTION C, LINE 19 THE EMPLOYEE HANDBOOK, POSTED ON THE WEBSITE, DETAILS ALL POLICIES. FINANCIAL STATEMENTS ARE REVIEWED BY THE FINANCE COMMITTEE, THEN DISTRIBUTED TO THE BOARD. THE ORGANIZATION'S FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICIES, AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED EITHER THE OVERSIGHT OR SELECTION PROCESS FOR THE TAX YEAR.