2019-12-23T10:57:33-06:00 2019-06-30 561965804 THOMAS JUDY & TUCKER PA 300 WEST MORGAN STREET SUITE 1450 DURHAM NC 27701 990 2018-07-01 561894697 CARY CHRISTIAN SCHOOL INCORPORATED CARY 9193032560 1330 OLD APEX RD CARY NC 27513 JAMES DICKMAN DIRECTOR OF FINANCE/OPERATIONS 9193032560 2019-12-23 1 KRISTEN HOYLE CPA P00118964 9195717055 2019-12-16 70.63.156.10 2019-12-23 10:57:29 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 D7FC84C7CC65DF7730FF7A6D73B6C1140A484BF1 2018 2020-03-31 21:24:44Z TODD BOVENIZER 108 GREENOCK COURT CARY NC 27511 6709247 0 X WWW.CARYCHRISTIANSCHOOL.ORG X 1994 NC TO PROVIDE AN EXCELLENT CLASSICAL EDUCATION FOUNDED UPON A BIBLICAL WORLDVIEW. 6 6 117 100 0 0 230430 240936 5993072 6315945 36881 46230 7264 46907 6267647 6650018 218549 203433 0 0 3972099 4069642 28432 0 88862 1762010 1832846 5981090 6105921 286557 544097 16180616 16674528 9494473 9383239 6686143 7291289 OUR MISSION IS TO PROVIDE AN EXCELLENT CLASSICAL EDUCATION FOUNDED UPON A BIBLICAL WORLDVIEW. ALL SUBJECTS ARE TAUGHT AS PART OF AN INTEGRATED WHOLE, WITH THE SCRIPTURES AT THE CENTER, SERVING AS THE HUB OF ALL KNOWLEDGE. 0 0 4697958 203433 6315945 PROVIDED INSTRUCTION TO STUDENTS IN THE VICINITY OF CARY, NC IN GRADES KINDERGARTEN THROUGH TWELFTH GRADE. 4697958 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 58 0 117 1 0 0 0 0 1 1 1 1 0 0 0 0 0 0 X 6 6 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 1 1 1 0 NC X ANNE-HUNTER HALL 9193032560 1330 OLD APEX RD CARY NC 27513 CAMERON PERKINS VICE PRESIDENT 1.00 X X 950 0 0 JEFFREY STONEBRAKER SECRETARY 1.00 X X 0 0 0 TODD BOVENIZER PRESIDENT 1.00 X X 0 0 0 CHRISTOPHER FLYTHE TREASURER 1.00 X X 0 0 0 SCOTT MYERS MEMBER 1.00 X 900 0 6050 ERIC PEELE MEMBER 1.00 X 1400 0 0 NORMAN HINTON HEADMASTER 40.00 X X 90417 0 15652 WENDELL COOK HEADMASTER (1/1/18-5/31/18) 40.00 X X 86580 0 9060 JOSHUA ESTEP MEMBER (1/1/18 - 12/31/18) 1.00 X 4100 0 14000 184347 0 44762 0 0 0 0 0 87162 153774 51163 240936 TUITION AND FEES 900099 6085211 6085211 OTHER SCHOOL ACTIVITIE 900099 230734 230734 6315945 46230 46230 4800 0 4800 4800 4800 101336 87162 59229 42107 42107 6650018 6315945 0 93137 203433 203433 144197 102380 38933 2884 3275406 2325537 884360 65509 310425 220402 83815 6208 339614 241126 91696 6792 2635 2635 13250 13250 54905 36422 13850 4633 39340 39217 123 197452 144480 52492 480 97190 88959 8152 79 427074 403876 22794 404 13814 13814 140945 136784 3946 215 400935 389097 11226 612 16834 16337 471 26 CURRICULUM AND EDUCATIO 199522 199522 ATHLETICS 130709 130709 PROFESSIONAL DEVELOPMEN 61013 31805 28311 897 BAD DEBT EXPENSE 15543 15543 21685 11546 10139 6105921 4697958 1319101 88862 1208238 1136508 225898 389910 4374080 4710707 25918 34106 12483843 4308429 8280644 8175414 2053586 2160865 12252 10251 0 56767 16180616 16674528 106003 216727 5447856 5804011 3935694 3358303 4920 4198 9494473 9383239 X 6343973 6811073 342170 480216 6686143 7291289 16180616 16674528 544097 61049 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1125654 1125654 9476703 3194606 6282097 269637 120165 149472 1268324 712109 556215 343525 281549 61976 8175414 BOND FUNDS 2160865 F 2160865 ACCRUED INTEREST 4198 4198 X 6566863 61049 59229 120278 6446585 203433 203433 6650018 5961717 59229 59229 5902488 203433 203433 6105921 PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE SCHOOL AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE SCHOOL HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE LIKELY THAN NOT WOULD BE SUSTAINED UPON EXAMINATION BY THE APPLICABLE AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE SCHOOL, AND HAS CONCLUDED THAT AS OF JUNE 30, 2019, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE SCHOOL IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 59,229. PART XI, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE 203,433. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 59,229. PART XII, LINE 4B - OTHER ADJUSTMENTS: TUITION ASSISTANCE 203,433. 1 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 PUBLICATION OF NONDISCRIMINATORY POLICY ADVERTISEMENT PLACED IN LOCAL NEWSPAPER ANNUALLY AND IS LISTED IN ADMISSION SECTION OF WEBSITE. AUCTION 148233 72299 75934 1000 2200 16722 800 16612 GOLF TOURNAMENT 40265 14863 25402 9413 8820 2605 1057 188498 87162 101336 10413 11020 19327 800 17669 59229 42107 1 TUITION ASSISTANCE 39 203433 PART I, LINE 2: THE SCHOOL MAINTAINS RECORDS TO SUBSTANTIATE ALL GRANTS GIVEN AND CONFIRMS ELIGIBILITY PRIOR TO AWARDING GRANTS. X 1 2159 STOCK MARKET X 3 1175 FMV X 1 50 FMV X AUCTION ITEMS 265 45369 FMV X GOLF TOURNAMENT SIGNAGE 1 1250 FMV X GOLF TOURNAMENT PRIZES 2 1160 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 CARY CHRISTIAN SCHOOL, INC. REQUIRES ALL OF OUR FAMILIES TO BE MEMBERS OF THE CORPORATION WITH MEMBERSHIP RENEWED ANNUALLY EACH JANUARY. FORM 990, PART VI, SECTION A, LINE 7A THE CORPORATION MEMBERS VOTE EACH YEAR TO ELECT THE BOARD MEMBERS. BOARD MEMBERS SERVE THREE-YEAR TERMS. FORM 990, PART VI, SECTION A, LINE 7B THE CORPORATION MEMBERS VOTE EACH YEAR TO ELECT THE BOARD MEMBERS. BOARD MEMBERS SERVE THREE-YEAR TERMS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE FINANCE MANAGER, THE DIRECTOR OF FINANCE AND OPERATIONS, AND THE BOARD TREASURER PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD COMMITS ITSELF AND ITS MEMBERS TO BIBLICAL, ETHICAL, PROFESSIONAL, AND LAWFUL CONDUCT, INCLUDING PROPER USE OF AUTHORITY AND APPROPRIATE DECORUM WHEN ACTING AS BOARD MEMBERS. MEMBERS MUST REPRESENT LOYALTY WITHOUT CONFLICT TO THE INTERESTS OF THE OWNERSHIP. THIS ACCOUNTABILITY SUPERSEDES ANY CONFLICTING LOYALTY SUCH AS THAT TO ADVOCACY OR INTEREST GROUPS AND MEMBERSHIP ON OTHER BOARDS OR STAFFS. IT ALSO SUPERSEDES THE PERSONAL INTEREST OF ANY BOARD MEMBER ACTING AS A CONSUMER OF THE ORGANIZATION'S SERVICES. MEMBERS MUST AVOID CONFLICT OF INTEREST WITH RESPECT TO THEIR FIDUCIARY RESPONSIBILITY. BOARD MEMBERS MAY NOT ATTEMPT TO EXERCISE INDIVIDUAL AUTHORITY OVER THE ORGANIZATION EXCEPT AS EXPLICITLY SET FORTH IN BOARD POLICIES AND BOARD MEMBERS WILL RESPECT THE CONFIDENTIALITY APPROPRIATE TO ISSUES OF A SENSITIVE NATURE. FORM 990, PART VI, SECTION B, LINE 15 THE CARY CHRISTIAN SCHOOL POLICY GOVERNANCE MANUAL STATES THAT THE BOARD REVIEWS FULL COMPENSATION FOR HEADMASTER ANNUALLY WITH INCREASES/CHANGES BASED ON PERFORMANCE AND OTHER FACTORS. COMPARATIVE DATA IS USED FROM PUBLIC/PRIVATE EDUCATIONAL SECTOR AND CONSIDERATION OF APPLICABLE BUSINESS FACTORS. ONE MEMBER AND THE PRESIDENT PRESENT RECOMMENDATION TO BOARD FOR ANY CHANGES. RECOMMENDATION IS DISCUSSED WITH THE GOAL (BUT NOT REQUIREMENT) OF REACHING CONSENSUS. FINAL PACKAGE RECORDED IN EXECUTIVE SESSION MINUTES AND PRESENTED VIA LETTER FROM BOARD TO HEADMASTER. FORM 990, PART VI, SECTION C, LINE 19 THE CARY CHRISTIAN SCHOOL (CCS) POLICY GOVERNANCE MANUAL IS MAINTAINED ON THE CCS WEBSITE. THE FORM 990 AND FINANCIAL STATEMENTS ARE KEPT ON SITE AND IS AVAILABLE UPON REQUEST FOR PUBLIC INSPECTION. FORM 990, PART XII, LINE 2C PROCESS HAS NOT CHANGED FROM PRIOR YEAR.