2017-11-15T12:22:25-06:00 2017-06-30 560574444 CHERRY BEKAERT LLP 1111 Metropolitan Ave Ste 1000 Charlotte NC 28204 990 2016-07-01 560623935 Charlotte Country Day School CHAR 7049434500 1440 Carmel Road Charlotte NC 282265096 DAVID L MANCOS CHIEF FINANCIAL OFFICER 7049434551 2017-11-14 1 Amanda Adams P00748038 7043771678 66.168.122.91 2017-11-14 12:24:06 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 0B670C8C210F0245D71F1F8B052AA4E3CE9649D0 2016 2021-01-29 14:40:06Z MARK E REED 1440 Carmel Road Charlotte NC 282265096 75454517 0 X WWW.CHARLOTTECOUNTRYDAY.ORG X 1941 NC CHARLOTTE COUNTRY DAY SCHOOL PROVIDES COMPREHENSIVE EDUCATIONAL PROGRAMS FOR GRADES PRE-KINDERGARTEN THROUGH GRADE 12 ON A NON-DISCRIMINATORY BASIS. 30 29 614 600 97599 0 14112426 19300984 37781014 38221547 -988297 6388827 507762 213073 51412905 64124431 2223598 2124450 0 0 29216753 30537435 56548 44885 2270328 12404154 12582506 43901053 45289276 7511852 18835155 133500591 154639761 30161559 32084045 103339032 122555716 X THROUGH EXCELLENCE IN EDUCATION, CHARLOTTE COUNTRY DAY SCHOOL DEVELOPS THE POTENTIAL OF EACH STUDENT BY FOSTERING INTELLECTUAL CURIOSITY, PRINCIPLED CHARACTER, ETHICAL LEADERSHIP AND A RESPONSIBILITY TO SERVE. THE KEY VALUES AND COMMITMENTS ARE EDUCATIONAL EXCELLENCE, CHARACTER, COMMUNITY, AND SERVICE. 0 0 33431434 2124450 34832100 INSTRUCTIONAL - FUNDS WERE USED TO PROVIDE COMPREHENSIVE EDUCATIONAL PROGRAMS TO APPROXIMATELY 1,660 STUDENTS IN GRADES PRE-KINDERGARTEN THROUGH GRADE 12. 1609944 1856723 SPECIAL PROGRAM FEES - FUNDS WERE USED TO PROVIDE SPECIAL PROGRAMS, SUCH AS EXTENDED DAY CARE, ATHLETIC CAMPS AND CLINICS AND EDUCATIONAL RESOURCES TO STUDENTS IN GRADES PRE-KINDERGARTEN TO 12. 1567572 1532724 AUXILIARY SERVICES - FUNDS WERE USED TO PROVIDE FOOD, CAMPUS STORE, AND TRANSPORTATION TO STUDENTS IN GRADES PRE-KINDERGARTEN TO 12. 36608950 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 1 0 1 0 1 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 80 2 1 614 1 1 1 0 0 0 0 1 1 0 0 0 0 X 30 29 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X DAVID L MANCOS 7049434500 1440 CARMEL ROAD CHARLOTTE NC 282265096 Arthur C Roselle Chairman of the Board 3.00 X X 0 0 0 Louis A Bledsoe III Vice Chairman of the Board 3.00 X X 0 0 0 Todd A Gorelick Vice Chairman of the Board 3.00 X X 0 0 0 Dr James W Roberts Vice Chairman of the Board 3.00 X X 0 0 0 A Wellford Tabor Vice Chairman of the Board 3.00 X X 0 0 0 Scott Stevens Secretary-Treasurer 3.00 X X 0 0 0 Dr Adelle Anthony-Williams Trustee 3.00 X 0 0 0 David M Benson Trustee 3.00 X 0 0 0 Howard C Bissell Life Trustee 3.00 X 0 0 0 Dr Lauren Browne Trustee 3.00 X 0 0 0 Christi Byron Trustee 3.00 X 0 0 0 Edison P Cassels Trustee 3.00 X 0 0 0 Theresa Drew Trustee 3.00 X 0 0 0 Ken V Garcia Trustee 3.00 X 0 0 0 Mike James Trustee 3.00 X 0 0 0 Dr Ameesha P Kansupada Trustee 3.00 X 0 0 0 Kathleen Knox Krupa Trustee 3.00 X 0 0 0 Leigh F Moran Trustee 3.00 X 0 0 0 James H McLawhorn Trustee 3.00 X 0 0 0 Amy F Owen Trustee 3.00 X 0 0 0 Mary Claudia Belk Pilon Trustee 3.00 X 0 0 0 Walker L Poole Trustee 3.00 X 0 0 0 Steven L Purdy Trustee 3.00 X 0 0 0 Sally Saussy Life Trustee 3.00 X 0 0 0 Laura A Schulte Trustee 3.00 X 0 0 0 Stoney Sellars Trustee 3.00 X 0 0 0 Glenn Sherrill Trustee 3.00 X 0 0 0 Stephen Shuford Trustee 3.00 X 0 0 0 Catherine Stempien Trustee 3.00 X 0 0 0 Bill Zimmern Trustee 3.00 X 0 0 0 Mark E Reed Head of School 70.00 X 448432 0 109067 David L Mancos Chief Financial Officer 70.00 X 247330 0 26490 Lauren Batten Director of Advancement 50.00 X 189003 0 60389 Kevin Daly MS, PE & Summer Camp Instructor 50.00 X 151390 0 16151 Warren Sepkowitz Head of Middle School 50.00 X 147506 0 19168 Abram Wehmiller Director of Athletics 50.00 X 146843 0 13809 Matthew Less Head of Upper School 50.00 X 138640 0 59076 Adele Paynter Head of Lower School 50.00 X 132166 0 13218 1601310 0 317368 15 0 1 0 ALADDIN FOOD MANAGEMENT SERVICES LLC 2400 ANSYS DR SUITE 404 CANONBURG PA 15317 food services 1115240 Centerbrook 67 Main Street Centerbrook CT 064090955 Design Services 997822 THE BUDD GROUP 1000 Amble Drive CHARLOTTE NC 28206 janitorial 666726 FIRST AMERICAN EQUIPMENT FINANCE 255 WOODCLIFF DRIVE FAIRPORT NY 14450 technology leases 328158 SUELLEN & CO 1300 QUEENS RD 202 CHARLOTTE NC 28207 building maintenance 225972 9 77950 19223034 353357 19300984 TUITION 611710 34671759 34671759 PROGRAM FEES 611710 1856723 1856723 FOOD SERVICES 611710 1181143 1181143 TRANSPORTATION 480000 351581 351581 application fees 611710 42300 42300 118041 118041 38221547 6534585 6534585 24382 0 24382 24382 24382 10629963 8300 10748759 35262 -118796 -26962 -145758 70270 -216028 357369 77950 249602 107767 107767 98730 36430 62300 62300 251328 260033 -8705 -8705 ORDINARY INCOME FROM K-1S 900099 27329 27329 27329 64124431 38221547 97599 6504301 2124450 2124450 1080712 831320 249392 21446220 18180465 2414962 850793 969944 875756 46649 47539 5439236 4452040 872378 114818 1601323 1334905 193051 73367 18587 18587 57435 57435 44885 44885 443354 443354 1733027 1571051 115083 46893 153931 7982 1905 144044 590645 199879 284660 106106 853799 593631 130084 130084 964649 578789 192930 192930 271859 191749 50665 29445 320492 18094 122036 180362 357575 339696 17879 2472325 2348709 123616 325007 38341 280413 6253 BOOKS & EDUCATIONAL PRO 1877913 1877913 GROUNDS EXPENSE & MAINT 805699 765414 40285 FOOD SERVICE & HOSPITAL 613245 613245 ATHLETIC EXPENSE 477872 477872 245092 18969 172706 53417 45289276 36608950 6409998 2270328 10159959 15066550 186922 1508311 13605824 20775149 380534 388090 171185 165956 727538 486537 75986586 35312913 39514339 40673673 19805794 17836379 48370463 57399790 578033 339326 133500591 154639761 3597010 4906317 8695263 10484940 16601773 16202826 1267513 489962 30161559 32084045 X 57553801 58641613 26453661 38993454 19331570 24920649 103339032 122555716 133500591 154639761 X 18835155 -163341 544870 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 48400592 4768344 5801124 313926 1096074 57560060 50193650 451552 -1007441 272862 964307 48400592 46364182 940915 3670553 161120 620880 50193650 39955486 451802 6575525 163167 455464 46364182 23058721 14827670 2681155 176504 435556 39955486 0.32130 0.41180 0.26690 0 0 2767619 2767619 50427726 21985642 28442084 9804426 7483399 2321027 12986815 5843872 7142943 40673673 PRIVATE INVESTMENT FUNDS 57399790 F 57399790 LIABILITY UNDER SWAP AGREEMENT 128931 Capital Lease Obligations 361031 489962 62538462 -163341 -1579580 -1742921 64281383 443354 -600306 -156952 64124431 43321778 26962 573344 600306 42721472 443354 2124450 2567804 45289276 Part V, Line 4: ENDOWMENT FUNDS ARE USED FOR SCHOLARSHIPS and financial aid, faculty and staff support, curriculum and program support and GENERAL OPERATING EXPENSES, such as campus and facility maintenance. Part XI, Line 2d - Other Adjustments: FINANCIAL AID AND SCHOLARSHIPS SHOWN NET OF TUITION ON FINANCIALS -2,124,450. unrealized gain on swap agreement 544,870. Part XI, Line 4b - Other Adjustments: COST OF GOODS SOLD -260,033. SPECIAL EVENT EXPENSES -296,881. gaming expenses -16,430. loss on sale of assets -26,962. Part XII, Line 2d - Other Adjustments: COST OF GOODS SOLD 260,033. SPECIAL EVENT EXPENSES 296,881. gaming expenses 16,430. Part XII, Line 4b - Other Adjustments: FINANCIAL AID AND SCHOLARSHIPS SHOWN NET OF TUITION ON FINANCIALS 2,124,450. 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 SCHOOL'S RACIALLY NON-DISCRIMINATORY POLICY TOWARDS STUDENTS IS PUBLISHED THROUGH A PRINTED STATEMENT OF THE SCHOOL'S ADMINISTRATION POLICY IN a LOCAL NEWSPAPER AND MAGAZINEs. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 PROGRAM SERVICES INTERNATIONAL STUDIES SISTER SCHOOL EXCHANGE (COSTA RICA) AND GLOBAL EDUCATION CULTURAL (CUBA) AND MEDICAL SERVICE (GUATEMALA) EXPERIENCES 91000 Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium 0 0 PROGRAM SERVICES INTERNATIONAL STUDIES SISTER SCHOOL EXCHANGE (ENGLAND) AND MODEL UNITED NATIONS EXPEDITION (FRANCE AND NETHERLANDS) 30000 East Asia and the Pacific 0 0 PROGRAM SERVICES INTERNATIONAL STUDIES GLOBAL EDUCATION CULTURAL (JAPAN) AND ENVIRONMENTAL SCIENCE (AUSTRALIA) EXPERIENCES 150000 North America - Canada and Mexico, but not the United States 0 0 PROGRAM SERVICES INTERNATIONAL STUDIES SISTER SCHOOL EXCHANGES (MEXICO AND CANADA) 26000 Middle East and North Africa 0 0 PROGRAM SERVICES INTERNATIONAL STUDIES GLOBAL EDUCATION CULTURAL EXPERIENCE (MOROCCO) 63000 South America 0 0 PROGRAM SERVICES INTERNATIONAL STUDIES GLOBAL EDUCATION SERVICE EXPERIENCE (PERU) 44000 0 0 0 0 0 0 404000 0 404000 1 0 0 1 0 0 X X X X X X 1 GRENZEBACH GLIER AND ASSOCIATES 401 N Michigan Ave 28 CHICAGO IL 60611 CAMPAIGN CONSULTING 0 0 24000 -24000 THE SHARPE GROUP 855 RIDGE LAKE BLVD STE 300 MEMPHIS TN 38120 PLANNED GIVING CONSULTING 0 0 17544 -17544 41544 -41544 NC BIG SATURDAY 197091 52450 144641 86407 Auction 25500 25500 3048 3 212728 212728 160147 435319 77950 357369 249602 249602 107767 98730 31690 4740 1 1.00000 98730 31690 4740 36430 62300 NC 0 no license is required. 0 1 0 0.50000 0.50000 DAVID MANCOS 1440 carmel road charlotte NC 28226 0 0 1 FINANCIAL AID 155 1810524 tuition rates need-based assistance SCHOLARSHIPS 39 313926 Part I, Line 2: THE AMOUNT OF THE FINANCIAL AID OR SCHOLARSHIP IS ONLY APPLIED TO A STUDENTS' BILLING ACCOUNT. the FINANCIAL AID COMMITTEE REVIEWs ALL REQUESTS FOR FINANCIAL AID. ADDITIONALLY, EACH DONOR (OF A NAMED SCHOLARSHIP ENDOWMENT) RECEIVES A LETTER FROM DEVELOPMENT SAYING WHO RECEIVED THE SCHOLARSHIP. X X X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 Mark E Reed Head of School 416965 0 0 0 31467 0 82127 0 26940 0 557499 0 0 0 David L Mancos Chief Financial Officer 247330 0 0 0 0 0 18550 0 7940 0 273820 0 0 0 Lauren Batten Director of Advancement 189003 0 0 0 0 0 8519 0 51870 0 249392 0 0 0 Kevin Daly MS, PE & Summer Camp Instructor 151390 0 0 0 0 0 8253 0 7898 0 167541 0 0 0 Warren Sepkowitz Head of Middle School 147506 0 0 0 0 0 11228 0 7940 0 166674 0 0 0 Abram Wehmiller Director of Athletics 146843 0 0 0 0 0 5869 0 7940 0 160652 0 0 0 Matthew Less Head of Upper School 138640 0 0 0 0 0 7206 0 51870 0 197716 0 0 0 Part I, Line 1a THE BOARD APPROVED THAT THE HEAD OF SCHOOL MAY TRAVEL FIRST-CLASS FOR ANY FLIGHTS LONGER THAN THREE HOURS. THE BOARD ALSO APPROVED THAT THE HEAD OF SCHOOL IS ALLOWED A BUDGETED AMOUNT OF DISCRETIONARY EXPENDITURES. IT IS USED TO SUPPORT ANY UNANTICIPATED NEEDS OF THE SCHOOL. AS A CONDITION OF EMPLOYMENT, THE HEAD OF SCHOOL IS REQUIRED TO LIVE IN THE SCHOOL'S HOUSE LOCATED ON THE CAMPUS. THIS RESIDENCE IS PROVIDED FOR THE CONVENIENCE OF THE SCHOOL IN HAVING THE FUNCTIONS OF THE OFFICE OF THE HEAD OF SCHOOL EFFICIENTLY DISCHARGED. THE SCHOOL PROVIDES HOUSEKEEPING SERVICES TO THE HEAD OF SCHOOL FOR THE CONVENIENCE OF THE EMPLOYER SO THAT THE HEAD OF SCHOOL CAN PERFORM ESSENTIAL SCHOOL BUSINESS AND ACTIVITIES AT THE HOME. THIS HOUSING ALLOWANCE IS TREATED AS A NON-TAXABLE BENEFIT. A Public Finance Authority 273866124 2015-09-01 26974489 Refund prior issue and school facility improvements 0 0 0 A 16635000 26974489 339489 10000000 2018 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 0 1 0 1 1 Toronto - Dominion Bank 15.000000000000 0 0 0 0 1 A 1 Edison Foard Inc Edison Cassels, Board Member, has an ownership interest in edison foard inc 758384 Edison Foard Inc is providing construction services for a capital project at the school under a joint venture with another contractor that is unrelated. the transaction was entered into at arms length and Mr. Cassels followed the School's conflict of interest policy and did not participate in the discussions and vote on this matter. In addition, a competitive bid process was used to select the contractor. the amount reported represents the amount accrued under the construction project at year end and will be paid to the contractor. 0 X 20 353357 FMV 0 0 1 0 Form 990, Part VI, Section A, line 2 Scott Stevens and Art Roselle, both trustees on the Board, HAVE A BUSINESS RELATIONSHIP. Form 990, Part VI, Section B, line 11b The Audit Committee reviews the IRS Form 990 with the Chief Financial Officer before the form is filed. The IRS Form 990 is then provided to board members prior to filing. Members are encouraged to review the form and direct any questions to the Chair of the Audit Committee. Form 990, Part VI, Section B, line 12c THE BOARD MAINTAINS A CONFLICT OF INTEREST POLICY WHICH IS REVIEWED AND SIGNED ON AN ANNUAL BASIS. ALL TRUSTEES AND OTHER INTERESTED PERSONS ARE REQUIRED TO READ, COMPLETE AND SIGN THE CONFLICT OF INTEREST POLICY FORM ANNUALLY. IF AN ISSUE IS TO BE DECIDED BY THE BOARD THAT INVOLVES A POTENTIAL CONFLICT OF INTEREST FOR A BOARD MEMBER OR OTHER INTERESTED PERSONS, IT IS THE RESPONSIBILITY OF THE BOARD MEMBER OR OTHER INTERESTED PERSONS TO: (1) IDENTIFY THE POTENTIAL CONFLICT OF INTEREST SO THAT BOARD MEMBERS WHO ARE VOTING ON A DECISION ARE AWARE THAT ANOTHER MEMBERS' INTEREST ARE BEING AFFECTED; (2) NOT PARTICIPATE IN THE DISCUSSION OF THE PROGRAM, ISSUE OR MOTION BEING CONSIDERED; AND (3) BE RECUSED DURING THE VOTE ON THE MOTION. Form 990, Part VI, Section B, line 15 The School has a Head's Compensation Committee. The committee annually reviews benchmark compensation data from several sources such as National Association of Independent Schools (NAIS) and Independent School Data Exchange (INDEX). The committee analyzes data from these and other organizations in order to make a recommendation to the Board of Trustees regarding the Head's compensation. The Board has approval authority for the Head's compensation and the decision is documented annually. The Head of School determines and establishES salaries for all other top management and key employees. He uses data from these same organizations (NAIS & INDEX) to assist in establishing top management and key employee salaries. All salary increases must be within the budget as approved by the Board of Trustees, and the Board monitors the budget to ensure compliance. Form 990, Part VI, Section C, line 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. Form 990, Part XI, line 9: UNREALIZED GAIN ON SWAP AGREEMENT 544,870.