CAROLINA DAY SCHOOL INC: Form 990, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
CAROLINA DAY SCHOOL INC (EIN 56-0125490)
Tax period
2014-07-01 to 2015-06-30
Filed
2016-02-12
IRS object ID
201640439349302124
Schema version
2014v6.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2016-02-12T14:35:07-06:00ReturnTs
Tax Period End2015-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN560747981PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1DIXON HUGHES GOODMAN LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1500 RIDGEFIELD COURTAddressLine1Txt
CityASHEVILLECityNm
State AbbreviationNCStateAbbreviationCd
ZIP28806ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2014-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN560125490EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CAROLINA DAY SCHOOL INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlCAROBusinessNameControlTxt
Phone8282740757PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11345 HENDERSONVILLE ROADAddressLine1Txt
CityASHEVILLECityNm
State AbbreviationNCStateAbbreviationCd
ZIP28803ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSIGNING OFFICERPersonNm
Person TitleCFO/TREASURERPersonTitleTxt
Phone8282740757PhoneNum
Signature2016-02-12SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonAMY BIBBYPreparerPersonNm
PTINP00445891PTIN
Phone8282542254PhoneNum
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-08-17 19:52:53ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerKIRK DUNCANPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11345 HENDERSONVILLE ROADAddressLine1Txt
CityASHEVILLECityNm
State AbbreviationNCStateAbbreviationCd
ZIP28803ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$18,002,205GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.CAROLINADAY.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1936FormationYr
Legal Domicile StateNCLegalDomicileStateCd
Activity Or MissionPROVIDING EDUCATIONAL SERVICES TO THE COMMUNITYActivityOrMissionDesc
Voting Members Governing Body18VotingMembersGoverningBodyCnt
Voting Members Independent15VotingMembersIndependentCnt
Total Employee274TotalEmployeeCnt
Total Volunteers400TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$732,934PYContributionsGrantsAmt
CY Contributions Grants$3,210,088CYContributionsGrantsAmt
PY Program Service Revenue$13,108,348PYProgramServiceRevenueAmt
CY Program Service Revenue$14,334,349CYProgramServiceRevenueAmt
PY Investment Income$367,270PYInvestmentIncomeAmt
CY Investment Income$80,075CYInvestmentIncomeAmt
PY Other Revenue$67,398PYOtherRevenueAmt
CY Other Revenue$203,147CYOtherRevenueAmt
PY Total Revenue$14,275,950PYTotalRevenueAmt
CY Total Revenue$17,827,659CYTotalRevenueAmt
PY Grants And Similar Paid$1,536,252PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$1,813,454CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$9,033,825PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$9,329,838CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$74,278CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$431,619CYTotalFundraisingExpenseAmt
PY Other Expenses$3,347,818PYOtherExpensesAmt
CY Other Expenses$3,842,450CYOtherExpensesAmt
PY Total Expenses$13,917,895PYTotalExpensesAmt
CY Total Expenses$15,060,020CYTotalExpensesAmt
PY Revenues Less Expenses$358,055PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$2,767,639CYRevenuesLessExpensesAmt
Total Assets BOY$22,502,208TotalAssetsBOYAmt
Total Assets EOY$25,420,361TotalAssetsEOYAmt
Total Liabilities BOY$2,127,661TotalLiabilitiesBOYAmt
Total Liabilities EOY$2,569,958TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$20,374,547NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$22,850,403NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionCDS EXISTS TO PROVIDE PARENTS AND CHILDREN IN THE GREATER ASHEVILLE AREA WITH A HIGH QUALITY, INDEPENDENT ALTERNATIVE TO PUBLIC AND PAROCHIAL SCHOOLS.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$12,548,956ExpenseAmt
Grant$1,813,454GrantAmt
Revenue$14,334,349RevenueAmt
DescSEE SCHEDULE O ACCREDITED PRE-KINDERGARTEN THROUGH 12TH GRADE SCHOOL FOR BOYS AND GIRLS PROVIDING EDUCATIONAL AND RELATED SERVICES; 630 STUDENTS ENROLLED IN 2014-2015.ACCREDITATIONS: IN JUNE 2005, CAROLINA DAY SCHOOL ACHIEVED DUAL ACCREDITATION BY THE SOUTHERN ASSOCIATION OF INDEPENDENT SCHOOLS AND THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS. TO EARN DUAL ACCREDITATION, CDS MET QUALITY STANDARDS, WAS EVALUATED BY AN OUTSIDE GROUP OF PEER PROFESSIONALS, AND IMPLEMENTED A SCHOOL PLAN FOCUSED ON STRATEGIC IMPROVEMENT AND STUDENT PERFORMANCE. KEY SCHOOL AND KEY LEARNING CENTER ALSO RECEIVED NATIONAL ACCREDITATION BY THE ACADEMY OF ORTON-GILLINGHAM PRACTITIONERS AND EDUCATORS.THE 2014-2015 SCHOOL YEAR WAS PRODUCTIVE IN THAT THE SCHOOL INITIATED THREE MAJOR EFFORTS: A STRATEGIC PLANNING PROCESS, A LOWER SCHOOL CONSTRUCTION PROJECT, AND A CAPITAL CAMPAIGN FOR THE CONSTRUCTION PROJECT. BY THE END OF 2014-2015 THE SCHOOL HAD COMPLETED THE STRATEGIC PLANNING PROCESS BY PUBLISHING A PAMPHLET OUTLINING CHANGES TO FACILITIES AND PROGRAMS OVER THE NEXT SEVERAL YEARS. THE PLAN ALSO INCLUDES A NEW MISSION STATEMENT AND OUTLINES NINE CORE BELIEFS THAT SERVE AS OUR SCHOOL'S FOUNDATIONAL, SHARED VALUES. THE CONSTRUCTION PROJECT BEGAN OFFICIALLY ON JUNE 26, 2015 AND IS ON TRACK FOR COMPLETION FOR THE OPENING OF THE 2016-2017 SCHOOL YEAR. THE SCHOOL LAUNCHED THE CAPITAL CAMPAIGN IN NOVEMBER 2014, AND BY THE END OF THE SCHOOL YEAR HAD RAISED 80% OF THE FUNDRAISING GOAL. INPUT AND HARD WORK FROM VOLUNTEERS, ADMINISTRATION, STUDENTS, PARENTS, AND ALL CDS CONSTITUENTS DROVE ALL THREE SUCCESSFUL EFFORTS.OPPORTUNITIES AND SUCCESSESS:THE 48 MEMBERS OF THE CLASS OF 2015 WERE OFFERED $4 MILLION IN ACADEMIC AND ATHLETIC SCHOLARSHIPS AND ACCEPTED INTO NEARLY 100 COLLEGES AND UNIVERSITIES IN THE U.S. GRADUATES INCLUDED A U.S. MILITARY ACADEMY APPOINTEE, A NATIONAL MERIT COMMENDED SCHOLAR, A NATIONAL MERIT SEMI-FINALIST, AND A NATIONAL ACHIEVEMENT BOULE FOUNDATION SCHOLARSHIP WINNER. ADVANCED PLACEMENT PROGRAM: CDS OFFERS 15 AP COURSES ACROSS THE FULL SPECTRUM OF OUR ACADEMIC PROGRAM STUDENTS HAVE ADVANCED PLACEMENT OPPORTUNITIES THAT RANGE FROM PSYCHOLOGY TO US HISTORY, GOVERNMENT AND POLITICS. THE PAST ACADEMIC YEAR 63 OF THE STUDENTS WHO TOOK AP EXAMS SCORED THREE OR HIGHER.ACADEMIC RECOGNITIONS: THE SPEECH AND DEBATE TEAM RANKED HIGHLY AT NATIONAL AND REGIONAL TOURNAMENTS, INCLUDING A TOURNAMENT WIN IN RADIO SPEAKING AT THE SEASON OPENER, TWO TOP TEN PERFORMERS IN LINCOLN-DOUGLAS DEBATE AT THE UNIVERSITY OF PENNSYLVANIA LIBERTY BELL CLASSIC, AND A SEMI-FINAL FINISH AT THE NORTH CAROLINA STATE TOURNAMENT.THE SCIENCE OLYMPIAD TEAM COMPETED AT A REGIONAL TOURNAMENT HOSTED BY UNCA. THE EVENTS COVERED TOPICS IN THE SCIENCES FROM BIOLOGY, CHEMISTRY, PHYSICS, ASTRONOMY, AND ENGINEERING. THE TEAM PLACED IN THE TOP FIVE IN EIGHT EVENTS, FOUR OF WHICH WERE FIRST PLACE FINISHES.THE SYNTHETIC BIOLOGY CLUB PARTICIPATED (TELECONFERENCED) IN THE BIOBUILDERS CONFERENCE HELD AT MIT; THEY PRESENTED THE RESULTS OF THEIR PROJECT "TRANSFORMATION OF E. COLI TO GLOW IN THE PRESENCE OF COPPER CHLORIDE".AT THE STATE LEVEL OF THE 2015 NATIONAL GEOGRAPHIC BEE A CDS MIDDLE SCHOOL STUDENT PLACED SECOND IN THE COMPETITION.FOR 2014-2015 THE UPPER SCHOOL LITERARY MAGAZINE ALCHEMY IN THE 21ST CENTURY WON THIRD PLACE IN A STATEWIDE CONTEST CONDUCTED BY THE NORTH CAROLINA LITERARY AND HISTORICAL ASSOCIATION. ARTS PROGRAM: OPPORTUNITIES EXIST FOR STUDENTS IN ALL DIVISIONS TO PARTICIPATE IN A VARIETY OF ARTS PROGRAMS INCLUDING THEATRE, MUSIC, AND ART. UPPER SCHOOL ART ELECTIVES INCLUDE COURSES IN PHOTOGRAPHY, THEATRE, SPEECH, DEBATE, CHORUS, MUSIC THEORY (INCLUDING AP), PRODUCT DESIGN, POTTERY, PAINTING, DRAWING, AND ADVANCED STUDIO ART. WE ALSO OFFER ART HISTORY INCLUDING AP ART HISTORY AND AP MUSIC THEORY. AT A NATIONAL ART COMPETITION, TWO UPPER SCHOOL ART STUDENTS RECEIVED 2 GOLD KEY AMERICAN VISIONS AWARDS, 3 SILVER KEYS, AND 3 HONORABLE MENTIONS.UPPER SCHOOL THEATRE STUDENTS PERFORMED AT THE NORTH CAROLINA THEATRE CONFERENCE. THE JUDGES RECOGNIZED THEIR GREAT WORK WITH AWARDS FOR EXCELLENCE IN ENSEMBLE ACTING, EXCELLENCE IN DIRECTING, AND EXCELLENCE IN LIVE MUSIC PERFORMANCE.LANGUAGE: CDS OFFERS FOURTEEN YEARS OF SPANISH, BEGINNING IN PRE-KINDERGARTEN. FRENCH IS AVAILABLE IN GRADES 6-12, PROVIDING SEVEN YEARS.SPORTS OFFERED: 11 SPORTS AND 26 TEAMS (VARSITY, JUNIOR VARSITY, MIDDLE SCHOOL) INCLUDING FIELD HOCKEY, VOLLEYBALL, BASKETBALL, SOCCER, TENNIS, CROSS COUNTRY, BASEBALL, GOLF, SWIMMING, TRACK AND FIELD, AND LACROSSE. ALSO OFFERED ARE AN ADVENTURE SPORTS PROGRAM AND PLAY FOR YOUR SCHOOL FOR YOUNGER STUDENTS.NUMBER OF STATE CHAMPIONSHIPS: IN 2014-2015 CDS WILDCATS CELEBRATED THREE STATE CHAMPIONSHIPS BRINGING THE TOTAL TO 91 STATE CHAMPIONSHIPS SINCE 1995.CHARACTER EDUCATION: ONE OF THE SCHOOL'S CORE BELIEFS IS TO BUILD STRONG CHARACTER IN STUDENTS. AT CDS STRONG CHARACTER IS FOSTERED THROUGH BUILDING RELATIONSHIPS AND MEANINGFUL CONNECTIONS AMONGST ALL CONSTITUENTS WITHIN A CAMPUS ATMOSPHERE OF TRUST AND RESPECT. A ROBUST COMMUNITY SERVICE PROGRAM, A "BUDDY PROGRAM" THAT TEAMS OLDER AND YOUNGER STUDENTS IN POSITIVE INTERACTION, AND OUTDOOR EDUCATION AND INTERNATIONAL TRAVEL PROGRAMS ALL CONTRIBUTE TO BUILDING IN STUDENTS A SENSE OF CONNECTION TO SOMETHING GREATER THAN THEMSELVES.COMMUNITY SERVICE: STUDENTS IN ALL DIVISIONS TOOK THE STAGE IN PRODUCTIONS AND ACADEMIC PRESENTATIONS. THEY STUDIED HARD AND PLAYED HARD. THEY RAISED MONEY FOR CANCER RESEARCH AND BUILT A HABITAT FOR HUMANITY HOUSE. THEY PARTICIPATED IN RIVER CLEAN-UPS, ASHEVILLE'S MLK SERVICE DAY AND CELEBRATIONS, AND PLANTED GARDENS.CDS WAS NAMED A GREEN SCHOOL OF EXCELLENCE, ONE OF TWO IN THE STATE SO RECOGNIZED. KEY SCHOOL: ESTABLISHED IN 1997; PROVIDES BRIGHT STUDENTS WITH LANGUAGE-BASED LEARNING DIFFERENCES THE EDUCATIONAL OPPORTUNITY TO OVERCOME THEIR DIFFERENCES AND TO ACHIEVE THEIR MAXIMUM POTENTIAL IN SCHOOL AND IN LIFE. THE KEY SCHOOL ENROLLS STUDENTS IN GRADES ONE THROUGH EIGHT. IN ADDITION, STUDY SUPPORT SERVICES ARE OFFERED TO STUDENTS IN LOWER SCHOOL, MIDDLE SCHOOL AND UPPER SCHOOL. TEACHERS ARE WELL-TRAINED IN THE ORTON-GILLINGHAM APPROACH TO MULTISENSORY INSTRUCTION. KEY SCHOOL'S TEACHER TRAINING PROGRAM IS ACCREDITED BY THE INTERNATIONAL MULTISENSORY STRUCTURED LANGUAGE EDUCATION COUNCIL (IMSLEC), THE ACADEMY OF ORTON-GILLINGHAM PRACTITIONERS AND EDUCATORS (AOGPE), AND IS ENDORSED BY THE INTERNATIONAL DYSLEXIA ASSOCIATION. TEN KEY SCHOOL FACULTY ARE ACADEMIC LANGUAGE PRACTITIONERS BEGINNING LEVEL CERTIFIED. TEN KEY SCHOOL FACULTY ARE ACADEMIC LANGUAGE THERAPISTS ADVANCED LEVEL CERTIFIED. THE CURRICULUM DIRECTOR AND PRINCIPAL HAVE THE HIGHEST LEVEL OF CERTIFICATION AT THE FELLOW LEVEL WITH THE AOGPE.GURIAN MODEL SCHOOL: AS A RESULT OF CAROLINA DAY SCHOOL'S DEDICATION TO PROVIDING AN EDUCATIONAL ENVIRONMENT IN WHICH EVERY STUDENT IS GIVEN THE OPPORTUNITY TO FULFILL HIS OR HER INDIVIDUAL POTENTIAL, THE SCHOOL WAS DESIGNATED A GURIAN INSTITUTE MODEL SCHOOL IN 2006. CAROLINA DAY IS COMMITTED TO ONGOING FACULTY TRAINING IN BRAIN-BASED AND GENDER-SPECIFIC TEACHING STRATEGIES TAUGHT THROUGH THE INSTITUTE (WWW.GURIANINSTITUTE.COM). THE SCHOOL SEEKS TO UNDERSTAND AND INCORPORATE BEST TEACHING PRACTICES FOR BOYS AND GIRLS IN BOTH COED AND SINGLE-GENDER CLASSES. AS GURIAN INSTITUTE CERTIFIED MASTER TRAINER, CAROLINA DAY PRINCIPAL PEGGY DANIELS OFFERS WORKSHOPS AND RESOURCES FOR CDS TEACHER AND PARENTS. SHE SERVES AS A GURIAN SUMMER INSTITUTE TRAINER AND ALSO VISITS SCHOOLS ACROSS THE NATION TO TRAIN TEACHERS, ADMINISTRATORS, AND PARENTS IN THE BENEFITS OF USING BRAIN-BASED RESEARCH AND TEACHING STRATEGIES IN THE CLASSROOM.ALUMNI: ALUMNI ARE A VALUABLE RESOURCE FOR CDS AND TO EACH OTHER IN LIFE AND BUSINESS. MORE THAN 2,000 ALUMNI ARE MEMBERS OF THE ALUMNI ASSOCIATION AND 48 CHILDREN OF 33 ALUMNI ARE CURRENTLY ENROLLED.Desc
Total Program Service Expenses$12,548,956TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent EndowmentsYes (1)TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional FundraisingYes (1)ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related PersonYes (1)GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam MemYes (1)BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash ContriYes (1)DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document73IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee274EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible ContributionsYes (1)NondeductibleContributionsInd
Nondeductible Contri DisclYes (1)NondeductibleContriDisclInd
Quid Pro Quo ContributionsYes (1)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (1)QuidProQuoContriDisclInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members18GoverningBodyVotingMembersCnt
Independent Voting Member15IndependentVotingMemberCnt
Family Or Business RlnYes (1)FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Other WebsiteYes (X)OtherWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ROBERT MCARTHURBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8282740757PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11345 HENDERSONVILLE ROADAddressLine1Txt
CityASHEVILLECityNm
State AbbreviationNCStateAbbreviationCd
ZIP28803ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (22 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
JEFFREY E BAKER
BOARD CHAIR5.00Yes (X)Yes (X)$0$0$0
TED HULL
FINANCE CHAIR/TREASURER5.00Yes (X)Yes (X)$0$0$0
MICHAEL ANDRY
TRUSTEE3.00Yes (X)$0$0$0
MAX COGBURN
TRUSTEE2.00Yes (X)$0$0$0
JOHN FAV CECIL
TRUSTEE3.00Yes (X)$0$0$0
KAREN CLERICI
TRUSTEE2.00Yes (X)$0$0$0
PAUL F DISMUKES
TRUSTEE2.00Yes (X)$0$0$0
DR CHARLES R GERSHON
TRUSTEE1.00Yes (X)$0$0$0
JULIE ROSE
TRUSTEE2.00Yes (X)$0$0$0
THOMAS A MAHER
TRUSTEE2.00Yes (X)$0$0$0
MARIE-LOUISE MURPHY
PRESIDENT, PARENT COUNCIL3.00Yes (X)$0$0$0
BRENDA G NASH
TRUSTEE1.00Yes (X)$0$0$0
THOMAS NASH III
TRUSTEE2.00Yes (X)$0$0$0
TOM ORECK
TRUSTEE5.00Yes (X)$0$0$0
COBY W ORR
TRUSTEE2.00Yes (X)$0$0$0
RON PAULUS
TRUSTEE2.00Yes (X)$0$0$0
HEATH SHULER
TRUSTEE2.00Yes (X)$0$0$0
ANNE WINNER
TRUSTEE2.00Yes (X)$0$0$0
DENISE YARBOROUGH
TRUSTEE2.00Yes (X)$0$0$0
KIRK DUNCAN
HEAD OF SCHOOL/PRESIDENT50.00Yes (X)$148,228$0$10,582
PEGGY DANIELS
ASSOCIATE HEAD/VICE PRESIDENT50.00Yes (X)$150,456$0$13,179
ROBERT MCARTHUR
CFO/TREASURER50.00Yes (X)$146,015$0$13,310
FieldValueIRS element (for citing)
Total Reportable Comp From Org$444,699TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$37,071TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K3IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (4 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
CLARK NEXSEN INC
4525 MAIN STREETVIRGINIA BEACHVA23462ARCHITECT SERVICES$446,880
INSPECTION READY CLEANING
PO BOX 1623SKYLANDNC28776CLEANING SERVICE$174,398
BEVERLY-GRANT INC
80 PEACHTREE ROADASHEVILLENC28803GENERAL CONTRACTOR$146,826
ELECTRONIC OFFICE
1257 SWEETEN CREEK RDASHEVILLENC28806COMPUTER MAINTENANCE$121,813
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K4CntrctRcvdGreaterThan100KCnt
Fundraising$66,227FundraisingAmt
All Other Contributions$3,143,861AllOtherContributionsAmt
Noncash Contributions$331,751NoncashContributionsAmt
Total Contributions$3,210,088TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescTUITION & FEESDesc
Business611710BusinessCd
Total Revenue Column$14,334,349TotalRevenueColumnAmt
Related Or Exempt Func Income$14,334,349RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$14,334,349TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$162,985TotalRevenueColumnAmt
Exclusion$162,985ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$17,689SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$0SecuritiesAmt
Other$100,599OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$17,689SecuritiesAmt
Other-$100,599OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column-$82,910TotalRevenueColumnAmt
Exclusion-$82,910ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$207,668FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$66,227ContriRptFundraisingEventAmt
Fundraising Direct Expenses$73,947FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$133,721TotalRevenueColumnAmt
Exclusion$133,721ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtExclusionExclusionAmt
MISCELLANEOUS INCOME900099$35,160$35,160
TOURNAMENT INCOME900099$26,864$26,864
BOOK INCOME611710$7,402$7,402
FieldValueIRS element (for citing)
Other Revenue Total$69,426OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$17,827,659TotalRevenueColumnAmt
Related Or Exempt Func Income$14,334,349RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$283,222ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$1,813,454TotalAmt
Program Services$1,813,454ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$628,122TotalAmt
Program Services$213,475ProgramServicesAmt
Management And General$250,367ManagementAndGeneralAmt
Fundraising$164,280FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$6,613,656TotalAmt
Program Services$5,965,152ProgramServicesAmt
Management And General$631,702ManagementAndGeneralAmt
Fundraising$16,802FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$308,582TotalAmt
Program Services$295,009ProgramServicesAmt
Management And General$6,193ManagementAndGeneralAmt
Fundraising$7,380FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$1,274,674TotalAmt
Program Services$963,917ProgramServicesAmt
Management And General$288,084ManagementAndGeneralAmt
Fundraising$22,673FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$504,804TotalAmt
Program Services$372,175ProgramServicesAmt
Management And General$119,194ManagementAndGeneralAmt
Fundraising$13,435FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$17,414TotalAmt
Management And General$17,414ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$37,950TotalAmt
Management And General$37,950ManagementAndGeneralAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total$74,278TotalAmt
Fundraising$74,278FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$8,661TotalAmt
Management And General$8,661ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$375,717TotalAmt
Program Services$111,226ProgramServicesAmt
Management And General$259,736ManagementAndGeneralAmt
Fundraising$4,755FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$136,123TotalAmt
Management And General$136,123ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$523,464TotalAmt
Program Services$300,824ProgramServicesAmt
Management And General$94,624ManagementAndGeneralAmt
Fundraising$128,016FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$324,638TotalAmt
Program Services$324,638ProgramServicesAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$338,932TotalAmt
Program Services$201,420ProgramServicesAmt
Management And General$137,512ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$80,558TotalAmt
Program Services$80,558ProgramServicesAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$6,668TotalAmt
Management And General$6,668ManagementAndGeneralAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$4,309TotalAmt
Program Services$4,309ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$651,760TotalAmt
Program Services$651,760ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$84,975TotalAmt
Management And General$84,975ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
BAD DEBT EXPENSE$459,406$459,406
CLASS/EDUCATION EXPENSE$448,751$448,751
ACTIVITY/ATHLETIC EXPEN$155,636$155,636
OTHER EDUCATIONAL EXPEN$121,884$121,884

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$65,604TotalAmt
Program Services$65,362ProgramServicesAmt
Management And General$242ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$15,060,020TotalAmt
Program Services$12,548,956ProgramServicesAmt
Management And General$2,079,445ManagementAndGeneralAmt
Fundraising$431,619FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$400BOYAmt
EOY$500EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$2,937,660BOYAmt
EOY$4,408,984EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$310,300BOYAmt
EOY$1,302,606EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$95,146BOYAmt
EOY$117,714EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$72,911BOYAmt
EOY$73,765EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$23,368,221LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$8,663,635LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$14,064,284BOYAmt
EOY$14,704,586EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$5,021,507BOYAmt
EOY$4,812,206EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$22,502,208BOYAmt
EOY$25,420,361EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$1,132,921BOYAmt
EOY$1,253,496EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$901,265BOYAmt
EOY$1,218,527EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$93,475BOYAmt
EOY$97,935EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$2,127,661BOYAmt
EOY$2,569,958EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$15,238,957BOYAmt
EOY$17,085,561EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$2,035,335BOYAmt
EOY$2,827,647EOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$3,100,255BOYAmt
EOY$2,937,195EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$20,374,547BOYAmt
EOY$22,850,403EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$22,502,208BOYAmt
EOY$25,420,361EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$2,767,639ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$291,783NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$5,021,507BeginningYearBalanceAmt
Contributions$101,725ContributionsAmt
Investment Earnings Or Losses-$108,798InvestmentEarningsOrLossesAmt
Other Expenditures$202,228OtherExpendituresAmt
End Year Balance$4,812,206EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$4,162,596BeginningYearBalanceAmt
Contributions$197,012ContributionsAmt
Investment Earnings Or Losses$691,388InvestmentEarningsOrLossesAmt
Other Expenditures$29,490OtherExpendituresAmt
End Year Balance$5,021,507EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$3,384,070BeginningYearBalanceAmt
Contributions$357,912ContributionsAmt
Investment Earnings Or Losses$578,825InvestmentEarningsOrLossesAmt
Other Expenditures$158,211OtherExpendituresAmt
End Year Balance$4,162,596EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$3,545,071BeginningYearBalanceAmt
Contributions$16,642ContributionsAmt
Investment Earnings Or Losses-$30,743InvestmentEarningsOrLossesAmt
Other Expenditures$146,900OtherExpendituresAmt
End Year Balance$3,384,070EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$2,988,052BeginningYearBalanceAmt
Contributions$39,560ContributionsAmt
Investment Earnings Or Losses$666,558InvestmentEarningsOrLossesAmt
Other Expenditures$149,099OtherExpendituresAmt
End Year Balance$3,545,071EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.28450BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.61040PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.10510TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$5,159,505OtherCostOrOtherBasisAmt
Book Value$5,159,505BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$15,138,551OtherCostOrOtherBasisAmt
Depreciation$7,353,771DepreciationAmt
Book Value$7,784,780BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,846,051OtherCostOrOtherBasisAmt
Depreciation$1,309,864DepreciationAmt
Book Value$536,187BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,224,114OtherCostOrOtherBasisAmt
Book Value$1,224,114BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$14,704,586TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescCAPITAL LEASE OBLIGATIONS - COMPUTERSDesc
Amt$97,935Amt
FieldValueIRS element (for citing)
Total Liability$97,935TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$17,607,478TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst-$291,783NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts$466DonatedServicesAndUseFcltsAmt
Other Revenue$73,947OtherRevenueAmt
Revenue Not Reported-$217,370RevenueNotReportedAmt
Revenue Subtotal$17,824,848RevenueSubtotalAmt
Investment Expenses Not Incld$2,811InvestmentExpensesNotIncldAmt
Revenue Not Reported Fincl Stmt$2,811RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$17,827,659TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$15,131,622TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$466DonatedServicesUseFcltsAmt
Other Expenses Included$73,947OtherExpensesIncludedAmt
Expenses Not Reported$74,413ExpensesNotReportedAmt
Expenses Subtotal$15,057,209ExpensesSubtotalAmt
Investment Expenses Not Incld2$2,811InvestmentExpensesNotIncld2Amt
Expenses Not Rpt Fincl Stmt$2,811ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$15,060,020TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART V, LINE 4:THE ORGANIZATION UTILIZES DISTRIBUTIONS FROM ENDOWMENT FUNDS AS DIRECTED BY DONORS FOR A VARIETY OF PROGRAMS AND SERVICES OFFERED BY THE SCHOOL AS PART OF ITS EXEMPT PURPOSE.
PART X, LINE 2:THE SCHOOL IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND THE STATUTES OF THE STATE OF NORTH CAROLINA. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS PROVIDED IN THE FINANCIAL STATEMENTS. THE SCHOOL'S POLICY IS TO RECORD A LIABILITY FOR ANY TAX POSITION TAKEN THAT IS BENEFICIAL TO THE SCHOOL, INCLUDING ANY RELATED INTEREST AND PENALTIES, WHEN IT IS MORE LIKELY THAN NOT THE POSITION TAKEN BY MANAGEMENT WITH RESPECT TO A TRANSACTION OR CLASS OF TRANSACTIONS WILL BE OVERTURNED BY A TAXING AUTHORITY UPON EXAMINATION. MANAGEMENT BELIEVES THERE ARE NO SUCH POSITIONS AS OF JUNE 30, 2015 AND, ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED. THE SCHOOL'S FEDERAL RETURNS OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) FOR 2014, 2013, AND 2012 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED.
PART XI, LINE 2D - OTHER ADJUSTMENTS:SPECIAL EVENTS EXPENSE 73,947.
PART XII, LINE 2D - OTHER ADJUSTMENTS:SPECIAL EVENT EXPENSE 73,947.

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (1)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (1)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (1)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (1)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (1)MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid Rcvd0GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE E, PART I, LINE 3FormAndLineReferenceDesc
ExplanationCAROLINA DAY SCHOOL ADMINISTERS ITS ADMISSIONS, SCHOLARSHIP, ATHLETIC, PERSONNEL, AND OTHER PROGRAMS WITHOUT REGARD TO RACE, CREED, COLOR, NATIONAL OR ETHNIC ORIGIN.ExplanationTxt

Schedule G IRS990ScheduleG

FieldValueIRS element (for citing)
Mail SolicitationsYes (X)MailSolicitationsInd
Email SolicitationsYes (X)EmailSolicitationsInd
Phone SolicitationsYes (X)PhoneSolicitationsInd
In Person SolicitationsYes (X)InPersonSolicitationsInd
Solicitation Of Non Govt GrantsYes (X)SolicitationOfNonGovtGrantsInd
Special Fundraising EventsYes (X)SpecialFundraisingEventsInd
Agrmt Prof Fundraising ActyYes (1)AgrmtProfFundraisingActyInd

Fundraiser Activity Info FundraiserActivityInfoGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdActivityActivityTxtFundraiser Control Of FundsFundraiserControlOfFundsIndGross ReceiptsGrossReceiptsAmtRetained By ContractorRetainedByContractorAmtNet To OrganizationNetToOrganizationAmt
HUNTERKEMPER CONSULTING
65 PANOLA STREETASHEVILLENC28801CONSULTING FOR CAPITAL CAMPAIGN0$0$45,000-$45,000
WINKLER GROUP
1036 EWALL STREETMT PLEASANTSC29464CONSULTING FOR CAPITAL CAMPAIGN0$0$29,278-$29,278
FieldValueIRS element (for citing)
Total Retained By Contractors$74,278TotalRetainedByContractorsAmt
Total Net To Organization-$74,278TotalNetToOrganizationAmt

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1AUCTIONEvent1Nm
Gross Receipts Event1$255,758GrossReceiptsEvent1Amt
Charitable Contri Event1$66,227CharitableContriEvent1Amt
Gross Revenue Event1$189,531GrossRevenueEvent1Amt
Non Cash Prizes Event1$18,600NonCashPrizesEvent1Amt
Food And Beverage Event1$3,867FoodAndBeverageEvent1Amt
Entertainment Event1$599EntertainmentEvent1Amt
Other Direct Expenses Event1$35,991OtherDirectExpensesEvent1Amt
Event2SCHOOL SUPPLIES SALEEvent2Nm
Gross Receipts Event2$18,137GrossReceiptsEvent2Amt
Gross Revenue Event2$18,137GrossRevenueEvent2Amt
Other Direct Expenses Event2$14,890OtherDirectExpensesEvent2Amt
Gross Receipts Total$273,895GrossReceiptsTotalAmt
Charitable Contributions Tot$66,227CharitableContributionsTotAmt
Gross Revenue Total Events$207,668GrossRevenueTotalEventsAmt
Non Cash Prizes Total Events$18,600NonCashPrizesTotalEventsAmt
Food And Beverage Total Events$3,867FoodAndBeverageTotalEventsAmt
Entertainment Total Events$599EntertainmentTotalEventsAmt
Oth Direct Expnss Total Events$50,881OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$73,947DirectExpenseSummaryEventsAmt
Net Income Summary$133,721NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (2 entries)

Grant TypeGrantTypeTxtRecipientRecipientCntCash GrantCashGrantAmtValuation Method UsedValuationMethodUsedDesc
MERIT SCHOLARSHIPS43$267,003FMV
NEED-BASED FINANCIAL AID120$1,538,549FMV

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationFINANCIAL AID IS AWARDED BASED ON FINANCIAL NEED AS DETERMINED THROUGH ANALYSIS BY SCHOOL AND STUDENT SERVICES BY NAIS, BALANCED WITH FUNDS AVAILABLE. MERIT SCHOLARSHIPS ARE AWARDED TO STUDENTS BASED ON ACADEMIC ACHIEVEMENT. STUDENTS CAN CONTINUE TO RECEIVE THE AWARD EACH YEAR UNTIL GRADUATION AS LONG AS THEY MEET QUALIFICATIONS.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Housing Allowance Or ResidenceYes (X)HousingAllowanceOrResidenceInd
Written Policy Ref T And E Expnss0WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (1)SubstantiationRequiredInd
Compensation CommitteeYes (X)CompensationCommitteeInd
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Written Employment ContractYes (X)WrittenEmploymentContractInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (3 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
KIRK DUNCAN
HEAD OF SCHOOL/PRESIDENT$126,395$0$0$0$21,833$0$7,717$0$2,865$0$158,810$0$0$0
PEGGY DANIELS
ASSOCIATE HEAD/VICE PRESIDENT$150,456$0$0$0$0$0$7,625$0$5,554$0$163,635$0$0$0
ROBERT MCARTHUR
CFO/TREASURER$135,990$0$10,000$0$25$0$7,653$0$5,657$0$159,325$0$0$0

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 1AFormAndLineReferenceDesc
ExplanationKIRK DUNCAN RECEIVES AN ANNUAL HOUSING ALLOWANCE OF $41,250 FOR HIS RESPONSIBILITIES AS HEAD OF SCHOOL. HE STARTED IN THAT POSITION ON JULY 1, 2014, THEREFORE THE AMOUNT OF HOUSING ALLOWANCE INCLUDED AS TAXABLE INCOME ON HIS W-2 FOR 2014 WAS $20,625.ExplanationTxt

Schedule L IRS990ScheduleL

Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp

FieldValueIRS element (for citing)
Cash Grant$8,000CashGrantAmt
Type Of AssistanceMERIT SCHOLARSHIP - TWO INDIVIDUALSTypeOfAssistanceTxt
Assistance PurposeASSIST WITH TUITIONAssistancePurposeTxt

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (2 entries)

Relationship DescriptionRelationshipDescriptionTxtTransactionTransactionAmtTransactionTransactionDescSharing Of RevenuesSharingOfRevenuesInd
MEREDITH DANIELS
RELATED TO PEGGY DANIELS, THE ASSOCIATE HEAD OF SCHOOL.$24,254COMPENSATION PAID BY THE ORGANIZATION FOR ADMINISTRATIVE ASSISTANT SERVICES0
TRIP COGBURN
RELATED TO MAX COGBURN, A BOARD MEMBER$52,109COMPENSATION PAID BY THE ORGANIZATION FOR ASSISTANT ATHLETIC DIRECTOR SERVICES0

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution6ContributionCnt
Noncash Contributions Rpt F990$331,751NoncashContributionsRptF990Amt
Method Of Determining RevenuesFMVMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Any Property That Must Be Held0AnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsYes (1)ReviewProcessUnusualNCGiftsInd
Third Parties UsedYes (1)ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 32B:FormAndLineReferenceDesc
ExplanationTHE ORGANIZATION USES THIRD PARTY FINANCIAL ADVISORS TO PROCESS AND SELL DONATED STOCKS UPON RECEIPT.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 2THOMAS NASH AND BRENDA NASH HAVE A FAMILY RELATIONSHIP.
FORM 990, PART VI, SECTION B, LINE 11THE 990 WAS REVIEWED IN DEPTH BY THE FINANCE COMMITTEE WITH ASSISTANCE OF THE TAX PREPARER AND THEN PROVIDED TO THE ENTIRE VOTING BOARD, PRIOR TO THE RETURN'S FILING WITH THE IRS.
FORM 990, PART VI, SECTION B, LINE 12CALL BOARD MEMBERS ARE REQUIRED TO SIGN AN ANNUAL CONFLICT OF INTEREST POLICY. THE ORGANIZATION'S CFO MONITORS TRANSACTIONS FOR THE SCHOOL TO IDENTIFY ANY POTENTIAL CONFLICTS OF INTEREST.
FORM 990, PART VI, SECTION B, LINE 15ACOMPENSATION FOR THE HEAD OF SCHOOL/PRESIDENT IS DETERMINED BY A COMPENSATION COMMITTEE WHO OBTAIN COMPARABLE DATA FROM SIMILAR SCHOOLS. COMPENSATION FOR THE ASSOCIATE HEAD OF SCHOOL/VICE-PRESIDENT IS DETERMINED BY THE HEAD OF SCHOOL WHO USES COMPARABLE DATA FROM SIMILAR SCHOOLS. ANNUAL SALARY INCREASE IS THE SAME AS FOR ALL OTHER EMPLOYEES OF THE SCHOOL.
FORM 990, PART VI, SECTION C, LINE 18RECENT FILINGS OF THE FORM 990 ARE AVAILABLE UPON REQUEST AND ONLINE AT WWW.GUIDESTAR.ORG.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY AVAILABLE UPON REQUEST.
FORM 990, PART XII, LINE 2C:THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.