2020-03-23T10:46:00-05:00 2019-06-30 560747981 DIXON HUGHES GOODMAN LLP 500 RIDGEFIELD COURT ASHEVILLE NC 28806 990 2018-07-01 560125490 CAROLINA DAY SCHOOL INC CARO 8282740757 1345 HENDERSONVILLE ROAD ASHEVILLE NC 28803 BRETT FUHRMAN CFO/TREASURER 8282740757 2020-03-11 1 AMY BIBBY P00445891 8282542254 2020-03-11 204.15.98.225 2020-03-11 09:21:45 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 48FB394F9AA065459641371F168D9F2AFFFBB473 2018 2020-09-23 17:36:50Z PEGGY DANIELS 1345 HENDERSONVILLE ROAD ASHEVILLE NC 28803 19960808 0 X WWW.CAROLINADAY.ORG X 1936 NC PROVIDING EDUCATIONAL SERVICES TO THE COMMUNITY 21 21 298 400 0 0 758413 1197207 17514999 18267981 446826 314595 83443 55762 18803681 19835545 3263611 3600226 0 0 11756205 12063369 0 0 486298 4166816 4750864 19186632 20414459 -382951 -578914 29832611 28622548 6530641 5932198 23301970 22690350 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 17452119 3600226 18267981 SEE SCHEDULE O CAROLINA DAY SCHOOL IS AN ACCREDITED, CO-EDUCATIONAL INDEPENDENT SCHOOL. IN THE 2018-19 SCHOOL YEAR, 652 STUDENTS ENROLLED IN PRE-KINDERGARTEN THROUGH GRADE 12. CAROLINA DAY SCHOOL IS A LEADER IN EDUCATIONAL INNOVATION AND A MODEL OF EDUCATIONAL EXCELLENCE. OUR EDUCATORS ENGINEER A COHESIVE CURRICULUM IN A SUPPORTIVE ENVIRONMENT WHERE INQUIRY, DISCOVERY, AND LEARNING FLOURISH. BUILDING STRONG FOUNDATIONAL SKILLS IS THE STARTING POINT IN CAROLINA DAY CLASSROOMS. STUDENTS ENGAGE IN REAL-WORLD PROBLEM SOLVING, PROJECT-BASED LEARNING, SERVICE LEARNING, AND DESIGN THINKING. 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. 17452119 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 1 0 0 0 1 67 0 1 298 1 0 0 0 0 1 1 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 BRETT FUHRMAN 8282740758 1345 HENDERSONVILLE ROAD ASHEVILLE NC 28803 TOM ORECK BOARD CHAIR 5.00 X X 0 0 0 MICHAEL ANDRY FINANCE CHAIR/TREASURER 5.00 X X 0 0 0 TED HULL ASSISTANT TREASURER 5.00 X X 0 0 0 JULIE 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 JENNIFER BOCK TRUSTEE 2.00 X 0 0 0 HEATHER CASSIDY TRUSTEE 2.00 X 0 0 0 MAX COGBURN JR 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 ANN GOOSMANN TRUSTEE 2.00 X 0 0 0 SCOTT GROCE TRUSTEE 2.00 X 0 0 0 LAKESHA MCDAY 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 SWATI PATEL TRUSTEE 2.00 X 0 0 0 JEN RAMMING TRUSTEE 2.00 X 0 0 0 SUZANNE ROSE TRUSTEE 2.00 X 0 0 0 JOHN STANIER TRUSTEE 2.00 X 0 0 0 ANNE WINNER TRUSTEE 2.00 X 0 0 0 KIRK DUNCAN HEAD OF SCHOOL/PRES 50.00 X 330830 0 41492 PEGGY DANIELS ASSOC. HEAD/VP 50.00 X 130554 0 12226 BRETT FUHRMAN CFO/TREASURER 50.00 X 207992 0 16042 DIANE MILNER KEY SCHOOL PRINCIPAL 40.00 X 101812 0 10787 ELAINE KREUZ DIR. OF ADVANCEMENT 40.00 X 112952 0 11538 JEFFRY KALIL MIDDLE SCHOOL PRINCIPAL 40.00 X 114159 0 11171 998299 0 103256 6 0 1 0 INSPECTION READY CLEANING PO BOX 1623 SKYLAND NC 28776 CLEANING SERVICE 207005 ELECTRONIC OFFICE 1257 SWEETEN CREEK RD ASHEVILLE NC 28803 COMPUTER CONSULTING 140020 2 139701 1057506 82880 1197207 TUITION & FEES 611710 18267981 18267981 18267981 247264 247264 67331 0 67331 67331 67331 177482 139701 125263 52219 52219 MISCELLANEOUS INCOME 900099 2418 2418 TOURNAMENT INCOME 900099 1125 1125 3543 19835545 18267981 0 370357 3600226 3600226 739136 142780 596356 109908 32667 77241 8482570 7729474 427844 325252 422702 321103 87090 14509 1669764 1535333 66449 67982 639289 530810 84993 23486 65022 65022 36425 36425 33311 33311 634351 79158 533290 21903 140693 140693 699798 585176 81456 33166 439802 439802 471588 345812 125776 96855 96855 13004 13004 121095 121095 994941 994941 107092 107092 CLASS EXPENSES 481572 481572 OTHER EDUCATIONAL EXPEN 147733 147733 CLUB EXPENSES 143625 143625 MISCELLANEOUS 89517 89517 34440 34440 20414459 17452119 2476042 486298 536284 312004 3516937 3246544 186560 57906 64203 386683 78134 47973 30046506 10411448 20494113 19635058 4956380 4936380 29832611 28622548 1065728 1006147 1665847 1296299 3628267 3453693 170799 176059 6530641 5932198 X 19420944 18969690 849506 683286 3031520 3037374 23301970 22690350 29832611 28622548 -578914 -32706 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4957380 47464 198266 246500 4956610 4878236 27547 276097 224500 4957380 4561565 55510 497161 236000 4878236 4812206 88631 -134354 204918 4561565 5021507 101725 -108798 202228 4812206 0.28460 0.61280 0.10260 0 0 5159505 5159505 19525983 7350070 12175913 145570 106726 38844 2614638 1702020 912618 2600810 1252632 1348178 19635058 CURRENT PORTION OF LT DEBT 176059 176059 X 19894531 -32706 125263 92557 19801974 33571 33571 19835545 20509613 128725 128725 20380888 33571 33571 20414459 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 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, 2019 AND, ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED. THE SCHOOL'S FEDERAL RETURNS OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) FOR 2018 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: AUCTION EXPENSES 125,263. PART XII, LINE 2D - OTHER ADJUSTMENTS: SUBSIDIARY EXPENSES 3,462. AUCTION EXPENSES 125,263. 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. AUCTION 312973 139701 173272 30400 53100 41763 BOOK FAIR 4210 4210 1 317183 139701 177482 30400 53100 41763 125263 52219 1 MERIT SCHOLARSHIPS 51 207700 FMV NEED-BASED FINANCIAL AID 215 3342383 FMV 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 0 0 0 0 0 0 0 0 0 KIRK DUNCAN HEAD OF SCHOOL/PRES 328401 0 0 0 2429 0 35605 0 5887 0 372322 0 0 0 BRETT FUHRMAN CFO/TREASURER 207992 0 0 0 0 0 10857 0 5185 0 224034 0 0 0 PART I, LINE 1A KIRK DUNCAN RECEIVES AN ANNUAL HOUSING ALLOWANCE FOR HIS RESPONSIBILITIES AS HEAD OF SCHOOL. THE HOUSING ALLOWANCE IS INCLUDED AS TAXABLE INCOME ON HIS W-2. MEREDITH DANIELS RELATED TO PEGGY DANIELS, THE ASSOC HO/VP 32667 EMPLOYEE SERVICES 0 MAX COGBURN III RELATED TO MAX COGBURN JR., TRUSTEE 77241 EMPLOYEE SERVICES 0 X 4 82880 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. THE ORGANIZATION'S CFO 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. SOUTHERN APPALACHIAN LEARNING AND TEACHING CENTER 1345 HENDERSONVILLE RD ASHEVILLE NC 28803 461603644 EDUCATIONAL SUPPORT (RESEARCH, TRAINING, DEVELOPMENT) NC 501(C)(3) LINE 7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0