2018-05-15T09:16:31-05:00 2017-06-30 561434747 GREERWALKER LLP 227 WEST TRADE ST SUITE 1100 CHARLOTTE NC 28202 990 2016-07-01 560952382 PROVIDENCE DAY SCHOOL INC PROV 7048876014 5800 SARDIS ROAD CHARLOTTE NC 28270 KRISTEN KRAL CHIEF FINANCIAL OFFICER 7048876014 2018-05-14 1 PAULA P TILLEY P00051456 7043770239 2018-05-14 2016 2022-09-23 18:48:47Z GLYN COWLISHAW 5800 SARDIS ROAD CHARLOTTE NC 28270 42832492 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. 20 20 597 785 0 0 3802002 3012927 37789070 39237057 336235 90724 47308 231932 41974615 42572640 3263298 3400716 0 0 26320707 27132529 0 0 1434962 8975742 9478580 38559747 40011825 3414868 2560815 81684828 100302057 32936033 46932200 48748795 53369857 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 0 27071580 3400716 36942889 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. 891590 814269 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 AND OFFERS PROGRAMMING FOR CHILDREN AS WELL AS ADULTS. 1146474 892478 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. 292207 587421 292207 587421 29401851 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 1 0 0 1 1 0 0 0 0 0 0 0 0 1 110 0 1 597 1 0 0 0 0 0 1 1 0 0 0 0 X 20 20 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 ANDY FINK BOARD VICE CHAIR 5.00 X X 0 0 0 DAVID RAVIN TRUSTEE 5.00 X 0 0 0 DR ABIGAIL CAUDLE TRUSTEE 5.00 X 0 0 0 DR BENJAMIN E ROBINSON III BOARD CHAIR 5.00 X X 0 0 0 DR CHRISTOPHER MULLIS BOARD VICE CHAIR 5.00 X X 0 0 0 EDWARD HENEGAR TRUSTEE 5.00 X 0 0 0 G PATRICK PHILLIPS TRUSTEE 5.00 X 0 0 0 KELLY BROOKS TRUSTEE 5.00 X 0 0 0 KIMBERLY PAULK TRUSTEE 5.00 X 0 0 0 LAURA MEYER-WELLMAN TRUSTEE 5.00 X 0 0 0 MELANIE WINTON BOARD SECRETARY 5.00 X X 0 0 0 MONIQUE L ALLEN TRUSTEE 5.00 X 0 0 0 NANCY DOWNING 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 TIMOTHY BILTZ TRUSTEE 5.00 X 0 0 0 WILLIAM BLANK TRUSTEE 5.00 X 0 0 0 WILLIAM LORENZ TRUSTEE 5.00 X 0 0 0 WYATT SMITH BOARD TREASURER 5.00 X X 0 0 0 GLYN COWLISHAW HEAD OF SCHOOL 70.00 X 457862 0 223717 KRISTEN KRAL CFO 55.00 X 189636 0 37991 JEFF APPEL ASST. HEAD OF SCHOOL FOR I 55.00 X 206474 0 45051 TODD SWARTZ ASST. HEAD OF SCHOOL FOR S 55.00 X 178440 0 69480 CECIL STODGHILL ADMISSIONS DIRECTOR 55.00 X 116448 0 39383 DERRICK WILLARD ASST. HEAD OF SCHOOL FOR A 55.00 X 133451 0 42078 ERIC HEDINGER DIRECTOR OF UPPER SCHOOL 55.00 X 125425 0 65971 MATT SCULLY TECHNOLOGY DIRECTOR 55.00 X 109042 0 29898 NANCY BEATTY DIRECTOR OF ATHLETICS 55.00 X 121043 0 11785 1637821 0 565354 9 0 1 0 HENDRICK CONSTRUCTION 9144 ARROWPOINT BLVD CHARLOTTE NC 28273 CONSTRUCTION - ACADEMIC CENTER 4650378 WGM DESIGN 916 W 5TH STREET CHARLOTTE NC 28201 ARCHITECTURE / DESIGN 161993 5 64400 2948527 349398 3012927 TUITION AND FEES 611600 36942889 36942889 EXTENDED DAY PROGRAMS 611710 892478 892478 SUMMER SCHOOL 611710 814269 814269 SCHOOL STORE 611710 276919 276919 TRANSPORTATION 611710 187456 187456 123046 123046 39237057 127448 127448 36078 0 36078 36078 36078 1100 37824 -36724 -36724 -36724 417882 64400 222028 195854 195854 42572640 39237057 0 322656 3400716 3400716 1307219 880857 380058 46304 18849711 12780856 5409767 659088 952578 631076 286586 34916 4549474 3013996 1368723 166755 1473547 976215 443321 54011 96862 79923 5337 11602 38675 31912 2131 4632 85183 70286 4694 10203 198275 163601 10926 23748 331804 273779 18283 39742 1006946 830853 55486 120607 1101885 742495 320360 39030 826499 556928 240295 29276 1695070 1142208 492821 60041 132613 89360 38556 4697 TEXTBOOKS & SUPPLIES 1439672 1419555 20117 0 STUDENT AUXILIARY ACTIV 1391975 1391975 0 0 PROFESSIONAL DEVELOPMEN 375459 309799 20689 44971 HUMAN RESOURCES 187505 154714 10332 22459 570157 460747 46530 62880 40011825 29401851 9175012 1434962 3392510 5795255 24022235 25741654 5254978 4832046 198775 481006 58350 56350 37197 34170 1053742 846863 75281982 26772774 35455791 48509208 11920704 13656070 290546 349435 81684828 100302057 1987451 5750508 15593321 16026143 14404102 24794914 951159 360635 32936033 46932200 X 36525748 44593662 9533832 5984879 2689215 2791316 48748795 53369857 81684828 100302057 X 2560815 2060247 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10067503 598367 1008695 223366 11451199 9231771 949455 24593 138316 10067503 8124665 731390 303878 -71838 9231771 6486512 519099 1115153 -3901 8124665 5430507 383162 769238 96395 6486512 0.67000 0.24000 0.09000 1 0 4727734 4727734 41446132 16437794 25008338 4951815 4153608 798207 24156301 6181372 17974929 48509208 UNRESTRICTED FUNDS 2204871 F FFTC BENEFICIAL INTEREST IN ASSETS ENDOWMENT 11451199 F 13656070 AGENCY FUNDS 360635 360635 X 41268892 2060244 2060244 39208648 3363992 3363992 42572640 36647833 0 36647833 3363992 3363992 40011825 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, 2017 AND 2016. PART XI, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED LOSS ON INVESTMENTS 1,295,449. UNREALIZED LOSS ON INTEREST RATE CONTRACT 756,309. CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE 8,486. PART XI, LINE 4B - OTHER ADJUSTMENTS: GAIN/LOSS ON SALE OF ASSETS RECORDED AS EXPENSE ITEM FOR AUDIT REPORT -36,724. FINANCIAL AID 3,400,716. PART XII, LINE 4B - OTHER ADJUSTMENTS: GAIN/LOSS ON SALE OF ASSETS RECORDED AS EXPENSE ITEM FOR AUDIT REPORT -36,724. FINANCIAL AID 3,400,716. 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 STATEMENT IS PLACED IN SCHOOL CATALOGS AND BROCHURES. IN ADDITION AN ADVERTISEMENT HAS BEEN PLACED IN THE CHARLOTTE OBSERVER (THE LARGEST NEWSPAPER IN THE CHARLOTTE, NC AREA). PDS AUCTION 259515 54900 204615 30167 27289 2598 44398 FALLFEST 47780 0 47780 7472 830 8935 11372 4 174987 9500 165487 4500 29025 2407 53035 482282 64400 417882 42139 57144 13940 108805 222028 195854 1 FINANCIAL AID 250 3400716 PART I, LINE 2: THE ORGANIZATION OFFERS FINANCIAL ASSISTANCE TO QUALIFIED STUDENTS ON THE BASIS OF THE 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 AID DECISIONS AND IS NOT BINDING ON PDS. THE FINANCIAL AID COMMITTEE WILL ALSO CONSIDER THE POTENTIAL FOR INCOME TO BE EARNED BY A NON-WORKING PARENT WHO DOES NOT HAVE INFANTS OR PRE-SCHOOL AGE CHILDREN AT HOME. BECAUSE FINANCIAL AID IS NEED-BASED, THE FINANCIAL AID COMMITTEE WILL NOT EXCEED THE FAMILY'S DEMONSTRATED NEED AS CALCULATED THROUGH A REVIEW OF THE RFC AND THE FAMILY'S IRS TAX INFORMATION. X X X X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 GLYN COWLISHAW HEAD OF SCHOOL 457862 0 0 0 0 0 163250 0 60467 0 681579 0 0 0 KRISTEN KRAL CFO 189636 0 0 0 0 0 3210 0 34781 0 227627 0 0 0 JEFF APPEL ASST. HEAD OF SCHOOL FOR I 206474 0 0 0 0 0 10273 0 34778 0 251525 0 0 0 TODD SWARTZ ASST. HEAD OF SCHOOL FOR S 178440 0 0 0 0 0 10552 0 58928 0 247920 0 0 0 CECIL STODGHILL ADMISSIONS DIRECTOR 116448 0 0 0 0 0 3126 0 36257 0 155831 0 0 0 DERRICK WILLARD ASST. HEAD OF SCHOOL FOR A 133451 0 0 0 0 0 7432 0 34646 0 175529 0 0 0 ERIC HEDINGER DIRECTOR OF UPPER SCHOOL 125425 0 0 0 0 0 7018 0 58953 0 191396 0 0 0 PART I, LINE 1A HOUSING ALLOWANCE: A HOUSING ALLOWANCE WAS PROVIDED TO GLYN COWLISHAW WHO IS THE HEAD OF SCHOOL OF PROVIDENCE DAY SCHOOL, INC. THE HOUSING ALLOWANCE WAS PROVIDED IN THE AMOUNT OF $30,000. HOUSE CLEANING SERVICE: A HOUSE CLEANING SERVICE WAS PROVIDED TO GLYN COWLISHAW WHO IS THE HEAD OF SCHOOL OF PROVIDENCE DAY SCHOOL, INC. THE HOUSE CLEANING SERVICE WAS PROVIDED IN THE AMOUNT OF $6,760. HEALTH OR SOCIAL CLUB DUES: HEALTH CLUB DUES WERE PAID ON BEHALF OF GLYN COWLISHAW WHO IS THE HEAD OF SCHOOL OF PROVIDENCE DAY SCHOOL, INC. THE CLUB DUES PAID ON HIS BEHALF WERE IN THE AMOUNT OF $8,788. 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 11117989 0 0 0 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 1 A 0 1 0 0 0 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 120296 TUITION ASSISTANCE QUALIFIED TUITION REMISSION PROGRAM FOR TEACHERS AND EMPLOYEES SE INTERIOR SYSTEMS LLC KATHRYN BLANK, OWNER, IS SPOUSE OF TRUSTEE WILLIAM BLANK 104051 CONSTRUCTION OF LIBRARY / KING ROOM 0 X 23 331653 FAIR MARKET VALUE X OTHER 4 17745 FAIR MARKET VALUE 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 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 8,489. UNREALIZED GAIN ON INTEREST RATE CONTRACT 1,295,449. UNREALIZED GAIN ON INTEREST RATE CONTRACT 756,309. FORM 990, PART XI, LINE 2C, AUDIT COMMITTEE: THE AUDIT COMMITTEE'S PROCESS OF EVALUATION HAS NOT CHANGED SINCE PRIOR YEAR.