2017-05-12T13:59:22-05:00 2016-06-30 541631262 KEITERSTEPHENSHURSTGARY & SHREAVESPC PO BOX 32066 RICHMOND VA 232942066 990 2015-07-01 541960110 THE CARMEL SCHOOL CARM 8044483288 PO BOX 605 RUTHER GLEN VA 22546 FRED HALL TREASURER 8044483288 2017-05-12 1 JAYME MIKA P00852731 8047470000 2015 2021-01-29 14:40:06Z DR RAYMOND SPENCE JR PO BOX 605 RUTHER GLEN VA 22546 3012618 0 X N/A X 1986 VA THE MISSION OF THE CARMEL SCHOOL IS TO PREPARE STUDENTS FOR SUCCESS IN OUR EVER-CHANGING WORLD BY CREATING A COMMUNITY SUPPORTIVE OF ACADEMIC, PHYSICAL AND SPIRITUAL GROWTH ROOTED IN CHRISTIAN VALUES TO INSTILL HONOR AND INTEGRITY. 6 5 52 38 0 0 2883604 2034152 870285 920626 90 791 -10760 57049 3743219 3012618 0 0 0 0 1223225 1421241 0 0 0 1154380 1304648 2377605 2725889 1365614 286729 10783863 11068072 157896 208626 10625967 10859446 THE MISSION OF THE CARMEL SCHOOL IS TO PREPARE STUDENTS FOR SUCCESS IN OUR EVER-CHANGING WORLD BY CREATING A COMMUNITY SUPPORTIVE OF ACADEMIC, PHYSICAL AND SPIRITUAL GROWTH ROOTED IN CHRISTIAN VALUES TO INSTILL HONOR AND INTEGRITY. 0 0 2303950 973876 ACADEMIC EDUCATION IN A CHRISTIAN ENVIRONMENT 2303950 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 3 0 1 52 1 0 0 0 0 0 0 0 0 X 6 5 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 1 1 0 0 0 X X THE ORGANIZATION 8044483288 9020 JERICHO ROAD RUTHER GLEN VA 22546 DR RAYMOND L SPENCE JR PRESIDENT 1.00 X X 0 0 0 ALEX SMITH VICE-PRESIDENT 1.00 X X 0 0 0 FRED HALL SECRETARY/TREASURER 1.00 X X 0 0 0 BRENT MILLER DIRECTOR/HEADMASTER 40.00 X X 99253 0 4250 PAMELA WHITAKER MEMBER 1.00 X 0 0 0 HAROLD STILLS MEMBER 1.00 X 0 0 0 99253 0 4250 0 0 0 0 0 2034152 854246 2034152 TUITION 611710 874066 874066 OTHER FEES 611710 32205 32205 SUMMER PROGRAM 611710 14355 14355 920626 82 82 3799 0 3799 3799 3799 709 0 709 709 709 ACCRUAL TO CASH CONVER 900099 53250 53250 53250 3012618 973876 0 4590 97775 97775 1124516 1124516 93459 93459 105491 105491 7966 7966 48842 48842 51162 51162 62170 62170 14387 14387 53508 53508 1404 1404 507187 507187 22012 22012 UTILITIES 127385 81829 45556 LEASE EXPENSES 67647 67647 SCHOOL EXPENSES 61211 61211 DISCOUNTS 53098 53098 226669 179384 47285 2725889 2303950 421939 0 1092766 475659 1090 26141 13768 750 14282 13585580 3030203 9663116 10555377 0 8986 10783863 11068072 11109 49755 37690 25970 109097 132901 157896 208626 X 9769279 10471623 856688 387823 10625967 10859446 10783863 11068072 X 286729 -53250 X 0 1 X 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1125540 1125540 11403219 2225744 9177475 120996 40332 80664 935825 764127 171698 10555377 ACCRUED SALARIES 132901 132901 X 2860424 0 2860424 152194 152194 3012618 2638945 0 2638945 86944 86944 2725889 PART X, LINE 2: THE SCHOOL FOLLOWS FASB GUIDANCE FOR HOW UNCERTAIN TAX POSITIONS SHOULD BE RECOGNIZED, MEASURED, DISCLOSED AND PRESENTED IN THE FINANCIAL STATEMENTS. THIS REQUIRED THE EVALUATION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE SCHOOL'S TAX RETURNS TO DETERMINE WHETHER THE TAX POSITIONS ARE "MORE-LIKELY-THAN-NOT" OF BEING SUSTAINED "WHEN CHALLENGED OR "WHEN EXAMINED" BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS NOT DEEMED TO MEET THE MORE-LIKELY-THAN-NOT THRESHOLD WOULD BE RECORDED AS A TAX EXPENSE AND LIABILITY IN THE CURRENT YEAR. MANAGEMENT EVALUATED THE SCHOOL'S TAX POSITION AND CONCLUDED THAT THE SCHOOL HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. THE SCHOOL IS NOT CURRENTLY UNDER AUDIT BY ANY TAX JURISDICTION. PART XI, LINE 4B - OTHER ADJUSTMENTS: DISCOUNT EXPENSE NETTED WITH REVENUE ON FINANCIAL STATEMENTS 53,098. ACCRUAL TO CASH ADJUSTMENT 53,250. REVENUE NETTED WITH EXPENSE ON FINANCIAL STATEMENTS 30,846. NONCASH CONTRIBUTION OF PIANO NOT INCLUDED IN FINANCIAL STATEMENTS 15,000. PART XII, LINE 4B - OTHER ADJUSTMENTS: REVENUE NETTED WITH EXPENSES ON FINANCIAL STATEMENTS 30,846. DISCOUNT EXPENSE NETTED WITH REVENUE ON FINANCIAL STATEMENTS 53,098. DEPRECIATION EXPENSE OF PIANO NOT INCLUDED IN FINANCIAL STATEMENTS 3,000. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 X 1 839246 NYSE X PIANO 1 15000 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 WAS EMAILED TO ALL BOARD MEMBERS FOR REVIEW AND COMMENTS PRIOR TO FILING. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND TAX RETURNS ARE MADE AVAILBALE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: ACCRUAL TO CASH CONVERSION -53,250.