2021-05-17T10:34:27-05:00 2020-06-30 561434747 GREERWALKER LLP 227 WEST TRADE ST SUITE 1100 CHARLOTTE NC 28202 990 2019-07-01 560952382 PROVIDENCE DAY SCHOOL INC PROV 7048876014 5800 SARDIS ROAD CHARLOTTE NC 28270 KRISTEN KRAL CHIEF FINANCIAL OFFICER 7048876014 2021-05-13 1 PAULA P TILLEY P00051456 7043770239 2021-05-13 2019 2022-09-23 18:48:47Z GLYN COWLISHAW 5800 SARDIS ROAD CHARLOTTE NC 28270 47665165 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 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. 18 18 653 785 0 0 1919016 1905833 42289811 45450694 300120 196913 145857 61129 44654804 47614569 4124216 4395147 0 0 30116796 31902073 0 0 2118856 10822904 11001431 45063916 47298651 -409112 315918 102946127 101423765 46514999 47187593 56431128 54236172 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 1 38755003 4395147 43327583 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. 916006 846803 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. 1146106 927172 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. 281946 349136 281946 349136 41099061 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 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 1 128 0 1 653 1 0 0 0 0 0 1 1 1 1 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 X MS KRISTEN KRAL 7048876014 5800 SARDIS ROAD CHARLOTTE NC 28270 DR CHRISTOPHER MULLIS BOARD CHAIR 5.00 X X 0 0 0 WYATT SMITH BOARD VICE CHAIR 5.00 X X 0 0 0 MONIQUE ALLEN BOARD SECRETARY 5.00 X X 0 0 0 KIMBERLY PAULK BOARD TREASURER 5.00 X X 0 0 0 WILLIAM BLANK TRUSTEE 5.00 X 0 0 0 KELLY BROOKS TRUSTEE 5.00 X 0 0 0 LYNN NESTA REEVES TRUSTEE 5.00 X 0 0 0 MOHAMMAD DAHER TRUSTEE 5.00 X 0 0 0 ABIGAIL CAUDLE TRUSTEE 5.00 X 0 0 0 REGINALD LOVE TRUSTEE 5.00 X 0 0 0 THOMAS SEDDON TRUSTEE 5.00 X 0 0 0 MATTHEW HEYD TRUSTEE 5.00 X 0 0 0 WILLIAM LORENZ TRUSTEE 5.00 X 0 0 0 KEITH COCKRELL TRUSTEE 5.00 X 0 0 0 RICHARD BROWN TRUSTEE 5.00 X 0 0 0 JAMES RATCHFORD TRUSTEE 5.00 X 0 0 0 JOY HORD TRUSTEE 5.00 X 0 0 0 ROBERT ZIEGLER TRUSTEE 5.00 X 0 0 0 GLYN COWLISHAW HEAD OF SCHOOL 70.00 X 523753 0 100731 KRISTEN KRAL CFO 55.00 X 229208 0 18089 JEFF APPEL ASSOCIATE HEAD OF SCHOOL 55.00 X 278128 0 24472 TODD SWARTZ ASSISTANT HEAD OF SCHOOL 55.00 X 203782 0 49181 MICHAEL MAGNO ASSISTANT HEAD OF SCHOOL ACADEMICS 55.00 X 147214 0 94866 ERIC HEDINGER HEAD OF UPPER SCHOOL 55.00 X 140632 0 72709 NANCY BEATTY DIRECTOR OF ATHLETICS 55.00 X 140812 0 16036 MATT SCULLY TECHNOLOGY DIRECTOR 55.00 X 126722 0 6785 ERIN HARPER HEAD OF LOWER SCHOOL 55.00 X 134273 0 38287 1924524 0 421156 9 0 1 0 EDISON FOARD CONSTRUCTION SERVICES PO BOX 19888 CHARLOTTE NC 28220 CONSTRUCTION SERVICES 510544 FLIKCOMPASS GROUP USA PO BOX 417632 BOSTON MA 022417632 DINING SERVICES 209582 C&D LANDSCAPES 9703 HOLDEN COURT CHARLOTTE NC 28277 LANDSCAPING SERVICES 105980 3 53000 1852833 335391 1905833 TUITION AND FEES 611600 43327583 43327583 EXTENDED DAY PROGRAMS 611710 927172 927172 SUMMER SCHOOL 611710 846803 846803 SCHOOL STORE 611710 183580 183580 TRANSPORTATION 611710 128095 128095 37461 37461 45450694 162913 162913 62834 0 62834 62834 62834 34000 0 34000 34000 34000 48891 53000 50596 -1705 -1705 47614569 45450694 0 258042 4395147 4395147 1322721 131756 908353 282612 21784807 19687330 1463574 633903 1134010 968547 119347 46116 6038152 5157128 635476 245548 1622383 1385662 170745 65976 93115 64736 7874 20505 35475 24663 3000 7812 45625 31720 3858 10047 215558 149862 18228 47468 326426 226940 27603 71883 1132490 787338 95765 249387 1260018 1105863 133426 20729 1112519 953092 114994 44433 2416895 2070547 249818 96530 175846 150647 18176 7023 STUDENT AUXILIARY ACTIV 1648806 1637489 11317 EDUCATIONAL PROGRAMMING 1282377 1278375 2001 2001 BAD DEBT EXPENSE 296412 206074 25065 65273 ADVANCEMENT EXPENSES 233528 168591 20506 44431 726341 517554 62925 145862 47298651 41099061 4080734 2118856 6913861 11091908 12203224 7950491 2841400 1892691 297865 594275 150760 236249 1038360 416990 85294462 31881367 53490464 53413095 25121308 25515554 888885 312512 102946127 101423765 2468176 2357544 18008599 17537744 26038224 25362527 0 1929778 46514999 47187593 X 48924130 47543595 7506998 6692577 56431128 54236172 102946127 101423765 X 315918 -1139933 -1370941 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15160383 528450 -115180 139144 15434509 14080161 1057067 186025 162870 15160383 11451199 1733334 1067872 172244 14080161 10067503 598367 1008695 223366 11451199 9231771 949455 24593 138316 10067503 0.68000 0.24000 0.08000 1 0 4727734 4727734 62177858 19196195 42981663 5926232 4865454 1060778 12462638 7819718 4642920 53413095 UNRESTRICTED FUNDS 2688545 F FFTC BENEFICIAL INTEREST IN ASSETS ENDOWMENT 15434509 F FFTC - DEBT REDUCTION ACCOUNT 7286665 F ANERITRADE 105835 F 25515554 VALUATION OF INTEREST SWAP 1929778 1929778 X 41865077 -1320345 -1320345 43185422 4429147 4429147 47614569 42920099 50595 50595 42869504 4429147 4429147 47298651 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 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, 2020 AND 2019. PART XI, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED LOSS ON INVESTMENTS -4,734. UNREALIZED LOSS ON INTEREST RATE CONTRACT -1,359,810. CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE -6,397. FUNDRAISING EVENT EXPENSES 50,596. DISCOUNTS RECORDED AS EXPENSE FOR BOOKS PART XI, LINE 4B - OTHER ADJUSTMENTS: GAIN/LOSS ON SALE OF ASSETS RECORDED AS EXPENSE ITEM FOR AUDIT REPORT 34,000. FINANCIAL AID 4,395,147. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES 50,595. DISCOUNTS RECORDED AS EXPENSES FOR BOOKS PART XII, LINE 4B - OTHER ADJUSTMENTS: GAIN/LOSS ON SALE OF ASSETS RECORDED AS EXPENSE ITEM FOR AUDIT REPORT 34,000. FINANCIAL AID 4,395,147. 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. CHARGER SPIRIT RUN 69641 39000 30641 19477 3234 263 14018 GOLF TOURNEY 32250 14000 18250 11349 568 1687 0 101891 53000 48891 30826 3802 263 15705 50596 -1705 1 FINANCIAL AID 275 4395147 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 1 X X X X 0 1 0 0 0 0 0 0 0 GLYN COWLISHAW HEAD OF SCHOOL 523753 0 0 0 0 0 91250 0 9481 0 624484 0 0 0 KRISTEN KRAL CFO 229208 0 0 0 0 0 11375 0 6714 0 247297 0 0 0 JEFF APPEL ASSOCIATE HEAD OF SCHOOL 278128 0 0 0 0 0 11648 0 12824 0 302600 0 0 0 TODD SWARTZ ASSISTANT HEAD OF SCHOOL 203782 0 0 0 0 0 10075 0 39106 0 252963 0 0 0 MICHAEL MAGNO ASSISTANT HEAD OF SCHOOL ACADEMICS 147214 0 0 0 0 0 3000 0 91866 0 242080 0 0 0 ERIC HEDINGER HEAD OF UPPER SCHOOL 140632 0 0 0 0 0 7341 0 65368 0 213341 0 0 0 NANCY BEATTY DIRECTOR OF ATHLETICS 140812 0 0 0 0 0 7075 0 8961 0 156848 0 0 0 ERIN HARPER HEAD OF LOWER SCHOOL 134273 0 0 0 0 0 7125 0 31162 0 172560 0 0 0 PART I, LINE 1A HEALTH OR SOCIAL CLUB DUES: $6,300 IN CLUB DUES PAID ON BEHALF OF HEAD OF SCHOOL. A THE INDUSTRIAL DEVELOPMENT AUTHORITY OF THE COUNTY OF PIMA 860445981 721901JR8 2010-09-23 15471825 REFINANCE OF CURRENT BOND AND FUNDS FOR IMPROVEMENTS AND OPERATIONS 0 0 0 B PUBLIC FINANCE AUTHORITY 273866124 2016-06-15 13300000 EDUCATIONAL FACILITIES IMPROVEMENT 0 0 0 A 15471825 1021031 309437 3801357 10340000 2012 1 0 1 1 B 13300000 374887 13300000 2018 0 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 1 0 0 1 0 0 0 0 B 0 1 0 0 1 1 SUN TRUST BANK 30.000000000000 0 0 0 0 1 A 1 B 1 X 23 313830 FAIR MARKET VALUE X CHARGER CLUB GOLF TOURNEY 12 12686 FAIR MARKET VALUE X OTHER 3 6400 FAIR MARKET VALUE X PA EVENTS 81 2475 FAIR MARKET VALUE 1 0 0 1 PART I, LINE 32B: THE ORGANIZATION USES MORGAN STANLEY WEALTH MANAGEMENT TO SELL STOCK DONATIONS THAT IT RECEIVES DURING THE YEAR. FORM 990, PART III, LINE 3 DUE TO COVID MITIGATION, SOME STUDENTS AND FACULTY WORKED REMOTELY. ALL PROGRAM SERVICES CONTINUED TO BE DELIVERED EXCEPT FOR EXTENDED DAY ENRICHMENT PROGRAMMING. 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 CHIEF FINANCIAL OFFICER. 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 COMPANY 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. 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: CASH SURRENDER VALUE OF LIFE INSURANCE -6,397. UNREALIZED LOSS ON INTEREST RATE CONTRACT -4,734. UNREALIZED LOSS ON INTEREST RATE CONTRACT -1,359,810. FORM 990, PART XI, LINE 2C, AUDIT COMMITTEE: THE AUDIT COMMITTEE'S PROCESS OF EVALUATION HAS NOT CHANGED SINCE PRIOR YEAR.