2018-11-15T09:07:06-06:00 2018-06-30 540504608 BROWN EDWARDS & COMPANY LLP 319 MCCLANAHAN STREET SW ROANOKE VA 24014 990 2017-07-01 540699572 NORTH CROSS SCHOOL NORT 5409896641 4254 COLONIAL AVE SW ROANOKE VA 24018 KAREN M LIST ASSOCIATE HEAD OF SCHOOL 5409896641 2018-11-14 1 MELISSA STANLEY P00720497 5403450936 2018-11-14 206.248.228.130 2018-11-14 11:32:42 ES P CE530EA759AC3AF6BB0EECEF8950573E07121913 C6B7EFC27ADC1D591699B7D67A64703C90C79A72 2017 2019-02-21 02:37:17Z KAREN M LIST 4254 COLONIAL AVE SW ROANOKE VA 24018 18038757 0 X WWW.NORTHCROSS.ORG X 1944 VA A NON-SECTARIAN, INDEPENDENT, CO-EDUCATIONAL COLLEGE PREPARATORY DAY SCHOOL, SERVICING GRADES PRE-KINDERGARTEN THROUGH TWELVE. 22 22 321 103 338601 -2879 597172 8089657 9335796 9726944 33110 50206 141565 115551 10107643 17982358 1782549 1917102 0 0 5475762 5727917 0 0 314262 3168793 3378627 10427104 11023646 -319461 6958712 10947582 17775270 2043094 1874579 8904488 15900691 A NON-SECTARIAN, INDEPENDENT, CO-EDUCATIONAL COLLEGE PREPARATORY DAY SCHOOL, SERVICING GRADES PRE-KINDERGARTEN THROUGH TWELVE. 0 0 9888378 1917102 9388343 INSTRUCTIONAL - FUNDS USED TO PROVIDE COMPREHENSIVE EDUCATIONAL PROGRAMS TO 495 STUDENTS IN GRADES PRE-KINDERGARTEN THROUGH TWELFTH, AUXILIARY SERVICES, AND THE CARTER ATHLETIC CENTER FOR THE SCHOOL AND THE PUBLIC. 9888378 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 64 0 1 321 1 1 1 0 0 0 0 0 0 0 X 22 22 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 VA X KAREN M LIST 5409896641 4254 COLONIAL AVE SW ROANOKE VA 24018 FRANK RUSSELL ELLETT CHAIR 1.00 X X 0 0 0 TALFOURD H KEMPER JR VICE CHAIR 1.00 X X 0 0 0 LORI BAKER-LLOYD TRUSTEE 1.00 X 0 0 0 ALLEN B WHITTLE TREASURER 1.00 X X 0 0 0 DR DONNA RS BATZEL TRUSTEE 1.00 X 0 0 0 SARAH BOXLEY BECK SECRETARY 1.00 X X 0 0 0 KEVIN S BLOOMFIELD TRUSTEE 1.00 X 0 0 0 SARAH TUNE DOHERTY TRUSTEE 1.00 X 0 0 0 JOHN BARNETT HAMMOND TRUSTEE 1.00 X 0 0 0 WILLIAM FARRELL 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 DR CAROLYN L H'DOUBLER 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 RANJAN JHA TRUSTEE 1.00 X 0 0 0 EDWARD M SMITH SR TRUSTEE 1.00 X 0 0 0 SUSAN K STILL TRUSTEE 1.00 X 0 0 0 GREGORY M TERRILL TRUSTEE 1.00 X 0 0 0 MARY LYNN WRIGHT TRUSTEE 1.00 X 0 0 0 ROBERTO H ROBINSON TRUSTEE 1.00 X 0 0 0 R CHRISTOPHER TETER TRUSTEE 1.00 X 0 0 0 CHRISTIAN J PROCTER PHD HEAD OF SCHOOL 40.00 X 183681 0 61538 KAREN LIST ASSOCIATE HEAD 40.00 X 110503 0 5105 294184 0 66643 2 0 1 0 SOUTHERN CONCESSIONS 4254 COLONIAL DRIVE ROANOKE VA 24018 CAFETERIA CONTRACTOR 282251 BALZER & ASSOCIATES 1208 CORPORATE CIRCLE SW ROANOKE VA 24018 ARCHITECTURE & ENGINEERING 101379 2 950 8088707 900746 8089657 TUITION AND FEES 611110 8609052 8609052 AUXILLARY SERVICES 611110 378216 378216 CARTER ATHLETIC CENTER 713940 338601 338601 401075 401075 9726944 50206 50206 70894 22010 48884 48884 48884 101056 950 34389 66667 66667 17982358 9388343 338601 165757 1917102 1917102 4838847 4422016 189609 227222 197309 177705 9360 10244 331092 316039 5428 9625 360669 329347 14392 16930 2355 2355 37200 37200 26484 26484 44185 44185 250532 250532 9302 9302 616484 616484 100537 100537 INSTRUCTION & STUDENT A 641422 641422 GENERAL & ADMINISTRATIV 562662 562662 CARTER ATHLETIC CENTER 506266 506266 AUXILLARY SERVICES 369819 369819 211379 187622 23757 11023646 9888378 821006 314262 29207 1420243 549650 249044 12350 5363050 223632 552409 11179 4950 108065 56366 22867101 14050397 8849807 8816704 1163692 1312504 10947582 17775270 589972 666634 676124 709323 722860 381537 54138 117085 2043094 1874579 X 7601440 7852121 321794 6977425 981254 1071145 8904488 15900691 10947582 17775270 6958712 37491 0 X X 0 1 X 1 0 X 1180167 89891 88941 42285 1316714 1070956 49457 100769 41015 1180167 1029995 96465 -11915 43589 1070956 1023941 52086 -4873 41159 1029995 878636 7240 34019 -104046 1023941 0.07900 0.81350 0.10750 0 0 387605 387605 16911378 9736597 7174781 2843174 2595057 248117 2724944 1718743 1006201 8816704 MUTUAL FUNDS 679119 F PRIVATE EQUITY 67319 F OTHER INVESTMENTS 2875 F MONEY MARKET FUND 63589 F BOND FUND 499602 F 1312504 DEPOSITS HELD FOR OTHERS 92085 DEFERRED COMPENSATION 25000 117085 X 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, 2018. 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, 2018 OR 2017. 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 0 EDUCATION TEACHING 212515 0 0 0 0 0 0 212515 0 212515 0 0 0 0 0 0 PART I, LINE 2: NO GRANTS ARE MADE OUTSIDE THE US. WINTER GALA 102006 950 101056 34389 102006 950 101056 34389 34389 66667 1 FINANCIAL AID & SCHOLARSHIPS 181 1406277 TUITION REMISSION 59 510825 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 J PROCTER PHD HEAD OF SCHOOL 183681 0 0 0 0 0 25000 0 36538 0 245219 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 26 900746 STOCK QUOTE 0 0 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS ARE DETERMINED BY THE NUMBER OF INDIVIDUAL CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 2 SUSAN STILL, A BOARD MEMBER, IS ALSO THE CEO OF HOMETOWN BANK, WHICH THE SCHOOL HAS A BUSINESS RELATIONSHIP WITH. 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 FEBRUARY. 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.