2020-07-08T13:48:57-05:00 2019-06-30 561750124 BATCHELOR TILLERY & ROBERTS LLP 3605 GLENWOOD AVENUE SUITE 350 RALEIGH NC 27612 990 2018-07-01 560729351 THE RALEIGH SCHOOL INC RALE 9195460788 1141 RALEIGH SCHOOL DRIVE RALEIGH NC 27607 KELLY BANIK HEAD OF SCHOOL 9195460788 2020-07-07 1 RONALD A BATCHELOR P00077863 9197878212 204.16.136.178 2020-07-08 13:47:58 ED P E377C45BE84EA85C77F2D8CFF9BB40EB03EE0A53 0969DB63CC74AF5326F6F08A4F95A0EF0B5BC867 2018 2020-11-06 18:47:13Z KELLY BANIK 1141 RALEIGH SCHOOL DRIVE RALEIGH NC 27607 8108844 0 X WWW.RALEIGHSCHOOL.ORG X 1955 NC THE RALEIGH SCHOOL IS AN INDEPENDENT CO-EDUCATIONAL DAY SCHOOL SERVING CHILDREN FROM 18 MONTHS THROUGH FIFTH GRADE. 19 19 81 600 0 0 310617 1163690 4503764 4736945 376934 390439 36066 40697 5227381 6331771 118655 138530 0 0 3389535 3367686 0 0 297246 1501299 1587312 5009489 5093528 217892 1238243 11650952 12788792 5048206 5161904 6602746 7626888 THE RALEIGH SCHOOL IS AN INDEPENDENT CO-EDUCATIONAL DAY SCHOOL SERVING CHILDREN FROM 18 MONTHS THROUGH FIFTH GRADE. 0 0 3531804 138530 4411260 PROVIDED PRESCHOOL CLASSES FOR 146 CHILDREN UNDER THE AGE OF FIVE AND PROVIDED KINDERGARTEN THROUGH FIFTH GRADE SCHOOLING FOR 263 CHILDREN. 168230 325685 PROVIDED AFTER SCHOOL CARE FOR 82 CHILDREN FROM 4S TO 5TH GRADE. OFFERED AFTER SCHOOL CLUBS FOR ELEMENTARY AGED CHILDREN. OFFERED SUMMER CAMP COURSES FOR CHILDREN FROM RISING 3S THROUGH RISING 6TH GRADE. OFFERED CATERED LUNCH FIVE DAYS A WEEK TO CHILDREN 3S THROUGH 5TH GRADE. PARTICIPATED IN AN INTERNSHIP PROGRAM FOR MEREDITH COLLEGE STUDENTS MAJORING IN EARLY CHILDHOOD DEVELOPMENT. 3700034 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 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 0 0 0 0 0 0 0 0 0 1 22 0 1 81 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 19 19 0 0 0 0 1 1 0 1 0 0 0 1 1 1 1 1 1 1 1 0 X X HEATHER CAMPBELL 9195460788 1141 RALEIGH SCHOOL DRIVE RALEIGH NC 27607 ANDREA STAFFHORST CHAIR 2.00 X 0 0 0 LISA PATEL VICE CHAIR 1.00 X 0 0 0 ALLAN ACTON SECRETARY 1.00 X 0 0 0 RANDALL LAGUE TREASURER 1.00 X 0 0 0 ROB ALMONY BOARD MEMBER 1.00 X 0 0 0 KELLY BEATTY BOARD MEMBER 1.00 X 0 0 0 STACY BENNETT BOARD MEMBER 1.00 X 0 0 0 MICHAEL BERARD BOARD MEMBER 1.00 X 0 0 0 ERIKA CANADY BOARD MEMBER 1.00 X 0 0 0 MIKE CAPPS BOARD MEMBER 1.00 X 0 0 0 MANAL EL-RAMLY BOARD MEMBER 1.00 X 0 0 0 MARK FRIEDMAN BOARD MEMBER 1.00 X 0 0 0 BOB GRECZYN BOARD MEMBER 1.00 X 0 0 0 ALEXA MCCARRON BOARD MEMBER 1.00 X 0 0 0 SHARAT NAGARAJ BOARD MEMBER 1.00 X 0 0 0 FRANK THOMPSON BOARD MEMBER 1.00 X 0 0 0 MISSY WARREN BOARD MEMBER 1.00 X 0 0 0 SARAH WOODSON BOARD MEMBER 1.00 X 0 0 0 KATHY WORM BOARD MEMBER 1.00 X 0 0 0 ANNE BRYAN INTERIM HEAD OF SCHOOL 40.00 X 67845 0 1200 ELIZABETH GILLELAND PRESCHOOL DIRECTOR 40.00 X 87255 0 23774 MARY COVINGTON ELEMENTARY DIRECTOR 40.00 X 80310 0 22837 HEATHER CAMPBELL DIRECTOR OF FINANCE & OPERATIONS 35.00 X 93219 0 29315 ROBERT LICHTENSTEIN FORMER HEAD OF SCHOOL 40.00 X 224429 0 34943 553058 0 112069 1 1 1 0 0 73544 1090146 23246 1163690 TUITION 900099 4327859 4327859 AFTER SCHOOL CARE 900099 237602 237602 REGISTRATION & FEES 611710 83401 83401 SUMMER CAMP 900099 54093 54093 CLUBS 900099 33390 33390 600 600 4736945 224154 224154 1814582 1648078 219 166504 -219 166285 166285 171572 73544 128776 42796 42796 MISC. REVENUE 900099 -2099 -2099 -2099 6331771 4499343 0 668738 138530 138530 483308 242946 216908 23454 2104969 1765374 201257 138338 200829 169032 22186 9611 388985 331034 36363 21588 189595 148074 29577 11944 29502 29502 23053 23053 106270 290 105569 411 65655 22403 33458 9794 85941 23016 62925 326757 294682 28867 3208 96509 96509 345036 241525 86259 17252 53211 53211 AUXILIARY 168717 168717 ADMISSION EXPENSES 43330 5342 37988 BAD DEBT EXPENSE 40000 40000 TEACHER EDUCATION 29942 29942 173389 119127 32616 21646 5093528 3700034 1096248 297246 2520852 2918252 8011 633590 14203 18681 64876 92144 8823585 5184549 3784293 3639036 5258717 5487089 11650952 12788792 457104 411752 2494439 2724533 2089480 1933185 7183 92434 5048206 5161904 X 6455058 6856212 54644 0 93044 770676 6602746 7626888 11650952 12788792 X 1238243 -128850 -85251 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 708260 400 34811 743471 521447 154260 32553 708260 472763 926 47758 521447 481987 525 -9749 472763 478457 2375 1155 481987 0.81860 0.18140 0 0 949359 949359 6742913 4362548 2380365 605118 515018 90100 526195 306983 219212 3639036 INTEREST RATE SWAP CONTRACT 92434 92434 6041557 -128850 -138530 -267380 6308937 23053 -219 22834 6331771 4932164 219 219 4931945 23053 138530 161583 5093528 PART V, LINE 4: INTENDED USES OF THE ORGANIZATIONS'S ENDOWMENT FUNDS: THE ENDOWMENT WAS ESTABLISHED IN 2010 TO SUPPORT FIVE KEY AREAS - FINANCIAL AID, TEACHER ENRICHMENT, FACILITIES MAINTENANCE, TECHNOLOGY AND PROGRAMS CONSISTENT WITH THE SCHOOL'S MISSION INCLUDING ACADEMICS, ART, MUSIC, LANGUAGE, PHYSICAL EDUCATION, AND SOCIAL AND EMOTIONAL DEVELOPMENT. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID NETTED WITH TUITION REVENUE FOR FINANCIAL STATEMENTS -138,530. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF FIXED ASSETS INCLUDED IN FORM 990 STATEMENT OF REVENUE -219. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF FIXED ASSETS INCLUDED IN FORM 990 STATEMENT OF REVENUE 219. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED WITH TUITION REVENUE FOR FINANCIAL STATEMENTS 138,530. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 RACIALLY NODISCRIMINATORY POLICY: NON-DISCRIMINATORY POLICY IS ADVERTISED ON WEBSITE, VIEW BOOK AND APPLICATION AS PART OF SOLICITATION PROCESS. SILENT AUCTION 133598 73544 60054 36570 LUNCH 60959 60959 54179 3 46957 46957 38027 241514 73544 167970 54179 74597 128776 39194 1 FINANCIAL AID 27 138530 PART I, LINE 2: PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS IN THE UNITED STATES: THE RALEIGH SCHOOL USES AN OUTSIDE SERVICE TO COLLECT AND PROCESS FINANCIAL AID APPLICANT'S FINANCIAL INFORMATION. THIS SERVICE IS PROVIDED BY TADS. APPLICANTS SUMBMIT THEIR FAMILY FINANCIAL INFORMATION TO TADS FOR PROCESSING. A SUMMARY REPORT OF THE FAMILY FINANCIAL INFORMATION IS SENT TO THE RALEIGH SCHOOL. ONCE THIS REPORT IS RECEIVED, THE FINANCIAL AID COMMITTEE REVIEWS THE REPORT AND MAKES AWARDS CONSIDERING THE INFORMATION PROVIDED IN THAT REPORT. X 1 0 0 0 0 0 0 0 0 ROBERT LICHTENSTEIN FORMER HEAD OF SCHOOL 72264 0 152165 0 0 0 10709 0 24561 0 259699 0 152165 0 PART I, LINE 4A THE FORMER HEAD OF SCHOOL RECEIVED A SEVERANCE PAYMENT OF $152,165 FROM THE ORGANIZATION. A NORTH CAROLINA CAPITAL FACILITIES FINANCE AGENCY 561592154 2014-06-12 2750000 REFUND A PRIOR ISSUE 6/15/2006 0 0 0 A 749000 2750000 2750000 1 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 0 1 1 BB&T 15.000000000000 0 0 0 0 0 A 1 FORM 990, PART VI, SECTION A, LINE 6 ORGANIZATION'S MEMBERS: ALL CURRENT PARENTS, LAWFUL GUARDIANS, FOSTER PARENTS, AND EMPLOYEES OF THE SCHOOL ARE ACTIVE MEMBERS OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A ORGANIZATION'S MEMBERS AND THEIR POWER TO ELECT THE GOVERNING BODY: AS OUTLINED IN THE SCHOOL'S BY-LAWS, MEMBERS OF THE RALEIGH SCHOOL'S GOVERNING STRUCTURE OR BOARD OF TRUSTEES ARE ELECTED BY "ACTIVE MEMBERS" OF THE ORGANIZATION. THIS ELECTION IS HELD AT THE SCHOOL'S ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 8B CONTEMPORANEOUS DOCUMENTATION OF MEETINGS: ALL SUBCOMMITTEES OF THE BOARD OF TRUSTEES REPORT TO THE BOARD DURING MONTHLY BOARD MEETINGS. MINUTES ARE KEPT AT MONTHLY BOARD MEETINGS WHICH INCLUDE UPDATES FROM ALL SUBCOMMITTEES. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW: THE FORM 990 WAS GIVEN TO THE BOARD FINANCE COMMITTEE FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY: THE SCHOOL HAS A CONFLICT OF INTEREST POLICY. IT IS PART OF NEW BOARD TRAINING AND IS INCLUDED IN THE BOARD'S TRAINING MANUAL. THE CONFLICT OF INTEREST POLICY IS RENEWED AND SIGNED ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 PROCESS FOR DETERMINING COMPENSATION: THE BOARD OF TRUSTEES ESTABLISHES COMPENSATION FOR THE HEAD OF SCHOOL. COMPENSATION IS SET AFTER CONSIDERING BENCHMARKS INCLUDING DATA FROM INDEPENDENT SCHOOL ORGANIZATIONS (NCAIS AND SAIS) AND VIEWING PEER SCHOOL FORMS 990 ON-LINE. THE HEAD OF SCHOOL SETS SALARIES FOR DIVISION DIRECTORS USING SIMILAR BENCHMARKS. FORM 990, PART VI, SECTION C, LINE 19 MAKING DOCUMENTS AVAILABLE TO THE PUBLIC: GOVERNING DOCUMENTS ARE AVAILABLE ON-LINE. FORM 990 IS AVAILABLE IN THE SCHOOL'S BUSINESS OFFICE AND ON-LINE AT GUIDESTAR. THE CONFLICT OF INTEREST POLICY IS PROVIDED TO ALL TRUSTEES AND IS AVAILABLE TO THE PUBLIC AT THE SCHOOL'S OFFICES. THE QUARTERLY FINANCIAL STATEMENTS ARE DISTRIBUTED TO THE BOARD OF TRUSTEES. THE TREASURER REPORTS TO THE BOARD OF TRUSTEES AT THE MONTHLY BOARD MEETINGS. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF INTEREST RATE SWAP -85,251.