2017-01-24T14:28:52-06:00 2016-06-30 561434747 GREERWALKER LLP 227 WEST TRADE ST SUITE 1100 CHARLOTTE NC 28202 990 2015-07-01 560952382 PROVIDENCE DAY SCHOOL INC PROV 7048876014 5800 SARDIS ROAD CHARLOTTE NC 28270 KRISTEN KRAL CHIEF FINANCIAL OFFICER 7048876014 2017-01-20 1 PAULA P TILLEY P00051456 7043770239 2017-01-20 2015 2021-01-29 14:40:06Z GLYN COWLISHAW 5800 SARDIS ROAD CHARLOTTE NC 28270 42304926 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. 16 16 623 785 0 0 5393122 3802002 37005514 37789070 317048 336235 33915 47308 42749599 41974615 3210499 3263298 0 0 25575941 26320707 0 0 1386913 9105064 8975742 37891504 38559747 4858095 3414868 79377207 81684828 32616278 32936033 46760929 48748795 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. PDS CENTERS ALL GOALS AND EFFORTS ON THE COMPREHENSIVE DEVELOPMENT OF THE STUDENT. THE SCHOOL PROVIDES A STRONG COLLEGE PREPARATORY EDUCATION AND GUIDES GROWTH THROUGH AN APPRECIATION FOR AESTHETIC, CULTURAL, AND MORAL VALUES. THE SCHOOL CREATES AN ENVIRONMENT THAT ENCOURAGES THE IMPORTANCE OF EDUCATION AND THE VALUE OF APPROACHING LIFE WITH CONFIDENCE AND ENTHUSIASM. PARENT INVOLVEMENT AND SUPPORT OF THE EFFORTS OF THE SCHOOL ARE ESSENTIAL TO EACH STUDENT'S SUCCESS. IN ADDITION, THE SCHOOL RELIES ON THE LARGER PDS FAMILY, INCLUDING TRUSTEES, PARENTS, PARENTS OF ALUMNI, STUDENTS, ALUMNI, AND FRIENDS OF THE SCHOOL AS A POWERFUL TEAM TO ACHIEVE ITS GOALS. 0 0 25886446 3263298 35598741 TUITION AND FEES PROGRAMS - PROVIDENCE DAY SCHOOL IS AN INDEPENDENT TRANSITIONAL KINDERGARTEN (TK) THROUGH GRADE 12 COLLEGE PREPARATORY SCHOOL LOCATED IN SOUTHEAST CHARLOTTE ON A FORTY-FIVE ACRE CAMPUS. IN 2003, PROVIDENCE DAY WAS RECOGNIZED AS A BLUE RIBBON SCHOOL OF EXCELLENCE BY THE UNITED STATES DEPARTMENT OF EDUCATION. PROVIDENCE DAY SCHOOL EXISTS TO INSPIRE IN ITS STUDENTS A PASSION FOR LEARNING, A COMMITMENT TO PERSONAL INTEGRITY AND A SENSE OF SOCIAL RESPONSIBILITY. 979520 847650 SUMMER SCHOOL PROGRAM - SUMMER PROGRAMS ARE AVAILABLE TO ALL GRADES. PDS OFFERS A VARIETY OF COURSES IN ARTS, CRAFTS, ACTING, SPORTS, COOKING AND MUSIC. ADDITIONALLY, STUDENTS MAY ENROLL IN SUMMER ACADEMIC COURSES SUCH AS "BUILDING THE READING FOUNDATION THROUGH PHONICS" FOR LOWER SCHOOL STUDENTS TO EARNING SEMESTER CREDITS FOR UPPER SCHOOL STUDENTS (IN AREAS SUCH AS MATH AND ENGLISH). 1166385 865665 EXTENDED DAY PROGRAM - THE EXTENDED DAY PROGRAM HAS DEVELOPED INTO A PROGRAM DEEMED ONE OF THE TOP 10 IN THE NATION. THE PROGRAM CREATES AFTERNOONS THAT PROVIDE AN EXPERIENCE UNLIKE ANY OTHER. THE TEACHERS' RELATIONSHIP WITH STUDENTS PROVIDES A WONDERFUL FOUNDATION OF SECURITY AND ENCOURAGEMENT, AND THEIR ENTHUSIASM BUILDS ON MOTIVATING STUDENTS TO TRY SOMETHING NEW. EXTENDED DAY PROGRAM INCLUDES TEACHING PIANO, GUITAR, THEATER, KARATE, GYMNASTICS, ICE SKATING, DANCE, CHEERLEADING, CHESS, LACROSSE AND TENNIS. 317291 477014 317291 477014 28349642 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 0 1 1 0 0 0 0 0 0 0 1 90 0 1 623 1 0 0 0 0 0 1 1 0 0 0 0 X 16 16 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 CLARK KINLIN TRUSTEE 5.00 X 0 0 0 DAVID RAVIN TRUSTEE 5.00 X 0 0 0 DR BENJAMIN E ROBINSON III BOARD 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 JEFFREY BROWN TRUSTEE 5.00 X 0 0 0 NANCY DOWNING TRUSTEE 5.00 X 0 0 0 TIMOTHY BILTZ TRUSTEE 5.00 X 0 0 0 THOMAS SEDDON TRUSTEE 5.00 X 0 0 0 WILLIAM LORENZ TRUSTEE 5.00 X 0 0 0 REGINALD LOVE TRUSTEE 5.00 X 0 0 0 DR CHRISTOPHER MULLIS BOARD VICE CHAIR 5.00 X X 0 0 0 MELANIE WINTON BOARD SECRETARY 5.00 X X 0 0 0 LAURA MEYER-WELLMAN 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 371792 0 63594 KRISTEN KRAL CFO 55.00 X 109344 0 28224 PAUL IBSEN CHIEF FINANCIAL OFFICER 55.00 X 125070 0 8560 JEFF APPEL ASST. HEAD OF SCHOOL FOR I 55.00 X 200496 0 43094 TODD SWARTZ ASST. HEAD OF SCHOOL FOR STRATEGIC PLANNING & HR 55.00 X 167392 0 88110 ERIC HEDINGER DIRECTOR OF UPPER SCHOOL 55.00 X 120731 0 60480 KAY MONTROSS LOWER SCHOOL DIRECTOR 55.00 X 125211 0 11593 SAM CAUDILL DIRECTOR OF MIDDLE SCHOOL 55.00 X 136441 0 13879 DERRICK WILLARD ASST. HEAD OF SCHOOL FOR ACADEMICS 55.00 X 125697 0 39511 NANCY BEATTY DIRECTOR OF ATHLETICS 55.00 X 115103 0 11032 1597277 0 368077 10 0 1 0 WGM 916 W 5TH ST CHARLOTTE NC 28201 ARCHITECTURE/DESIGN 617146 XEROX PO BOX 802555 CHICAGO IL 60680 BUSINESS SERVICES 351819 FIRST AMERICAN 1801 W OLYMPIC BLVD PASADENA CA 91199 IPAD RENTALS 335421 HENDRICK CONSTRUCTION 9144 ARROWPOINT BLVD CHARLOTTE NC 28273 CONSTRUCTION 332090 FLIK 2400 YORKMONT ROAD CHARLOTTE NC 28217 FOOD SERVICE MANAGEMENT 250065 5 219395 3582607 563182 3802002 TUITION AND FEES 611600 35598741 35598741 EXTENDED DAY PROGRAMS 611710 865665 865665 SUMMER SCHOOL 611710 847650 847650 TRANSPORTATION 611710 184099 184099 SCHOOL STORE 611710 97251 97251 195664 195664 37789070 307263 307263 40748 0 40748 40748 40748 30360 1388 28972 28972 28972 335483 219395 328923 6560 6560 41974615 37789070 0 383543 3263298 3263298 1177103 797949 338422 40732 18480093 12556115 5287569 636409 911971 614303 265690 31978 4314967 2906557 1257106 151304 1436573 967674 418526 50373 16122 12968 994 2160 36075 29017 2224 4834 57212 46019 3527 7666 201514 162091 12422 27001 350422 281867 21601 46954 778020 625813 47959 104248 1113148 754595 320034 38519 740017 501651 212759 25607 1677985 1137493 482428 58064 121049 82058 34802 4189 STUDENT AUXILIARY ACTIV 1571068 1571068 0 0 TEXTBOOKS & SUPPLIES 1130089 1107745 22344 0 PROFESSIONAL DEVELOPMEN 350361 281819 21597 46945 HUMAN RESOURCES 159468 128271 9830 21367 673192 521271 63358 88563 38559747 28349642 8823192 1386913 4339170 3392510 16266974 24022235 5672800 5254978 140151 198775 61250 58350 41734 37197 1161472 1053742 60601885 25146094 35327161 35455791 16072612 11920704 293883 290546 79377207 81684828 1747602 1987451 15926201 15593321 14670000 14404102 272475 951159 32616278 32936033 X 35645984 36525748 8725908 9533832 2389037 2689215 46760929 48748795 79377207 81684828 X 3414868 -1427002 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9231771 949455 24593 138316 10067503 8124665 731390 303878 -71838 9231771 6486512 519099 1115153 -3901 8124665 5430507 383162 769238 96395 6486512 5497201 244201 104133 415028 5430507 0.65000 0.27000 0.08000 0 0 4727734 4727734 41237387 15490946 25746441 4898166 3876542 1021624 9738598 5778606 3959992 35455791 ENDOWMENT FUNDS 10067503 F UNRESTRICTED FUNDS 1853201 F 11920704 AGENCY FUNDS 245253 VALUATION OF INTEREST SWAP 705906 951159 X 37304868 -1427002 -1427002 38731870 3242745 3242745 41974615 35317002 0 35317002 3242745 3242745 38559747 PART V, LINE 4: THE ENDOWMENT FUNDS ARE USED FOR THE FOLLOWING: FINANCIAL AID FOR STUDENTS, TEACHER OF THE YEAR AWARDS, HUMANITIES AWARD, TEACHER PROFESSIONAL DEVELOPMENT, LEARNING SPECIALIST SALARY, RECRUITMENT EXPENSE FOR DIVERSE BACKGROUND APPLICANTS, AND SCHOLARSHIP FOR TUITION FOR PDS SENIOR STUDENT. 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. AS OF JUNE 30, 2016, THE TAX YEARS ENDED JUNE 30, 2013 THROUGH 2016 WERE OPEN FOR POTENTIAL EXAMINATION BY TAXING AUTHORITIES. NO LIABILITIES FOR UNCERTAIN INCOME TAX POSITIONS WERE RECORDED AS OF JUNE 30, 2016 AND 2015. PART XI, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED LOSS ON INVESTMENTS -717,760. UNREALIZED LOSS ON INTEREST RATE CONTRACT -705,905. CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE -3,337. PART XI, LINE 4B - OTHER ADJUSTMENTS: GAIN/LOSS ON SALE OF ASSETS RECORDED AS EXPENSE ITEM FOR AUDIT REPORT 28,972. FINANCIAL AID 3,213,773. PART XII, LINE 4B - OTHER ADJUSTMENTS: GAIN/LOSS ON SALE OF ASSETS RECORDED AS EXPENSE ITEM FOR AUDIT REPORT 28,972. FINANCIAL AID 3,213,773. 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 373695 219395 154300 39293 25880 180777 FALLFEST 63852 63852 4431 11470 6960 1 117331 117331 8485 14597 37030 554878 219395 335483 52209 51947 224767 328923 6560 1 FINANCIAL AID 238 3263298 PART I, LINE 2: THE ORGANIZATION OFFERS GRANT 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 1 1 X X 0 0 0 0 0 0 0 0 0 GLYN COWLISHAW HEAD OF SCHOOL 371792 0 0 0 0 0 13250 0 50344 0 435386 0 0 0 JEFF APPEL ASST. HEAD OF SCHOOL FOR I 200496 0 0 0 0 0 10001 0 33093 0 243590 0 0 0 TODD SWARTZ ASST. HEAD OF SCHOOL FOR STRATEGIC P 167392 0 0 0 0 0 8334 0 79776 0 255502 0 0 0 ERIC HEDINGER DIRECTOR OF UPPER SCHOOL 120731 0 0 0 0 0 6363 0 54117 0 181211 0 0 0 SAM CAUDILL DIRECTOR OF MIDDLE SCHOOL 136441 0 0 0 0 0 6918 0 6961 0 150320 0 0 0 DERRICK WILLARD ASST. HEAD OF SCHOOL FOR ACADEMICS 125697 0 0 0 0 0 6591 0 32920 0 165208 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 $6,890. HEALTH OR SOCIAL CLUB DUES: COUNTRY CLUB DUES WERE PAID ON BEHALF OF GLYN COWLISHAW WHO IS THE HEAD OF SCHOOL OF PROVIDENCE DAY SCHOOL, INC. THE COUNTRY CLUB DUES PAID ON HIS BEHALF WERE IN THE AMOUNT OF $4,256. 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 418989 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 140370 TUITION ASSISTANCE QUALIFIED TUITION REMISSION PROGRAM FOR TEACHERS AND EMPLOYEES X 1 250 FAIR MARKET VALUE X 25 250851 FAIR MARKET VALUE X 7 396 FAIR MARKET VALUE X AUCTION ITEMS 240 144168 FAIR MARKET VALUE X CEILING TILES AND LIGHTING FIXTURES 1 12219 FAIR MARKET VALUE X FUNDRAISING EVENT 2 10000 FAIR MARKET VALUE X FOOSBALL TABLE 1 300 FAIR MARKET VALUE X OUTDOOR SPEAKER SYSTEM 1 300 FAIR MARKET VALUE X SEWING MACHINE 4 300 FAIR MARKET VALUE X CLARINET 1 100 FAIR MARKET VALUE X OFFICE CHAIR 1 100 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 11 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 -3,337. UNREALIZED LOSS ON INTEREST RATE CONTRACT -717,760. UNREALIZED LOSS ON INTEREST RATE CONTRACT -705,905.