2016-02-12T14:35:07-06:00 2015-06-30 560747981 DIXON HUGHES GOODMAN LLP 500 RIDGEFIELD COURT ASHEVILLE NC 28806 990 2014-07-01 560125490 CAROLINA DAY SCHOOL INC CARO 8282740757 1345 HENDERSONVILLE ROAD ASHEVILLE NC 28803 SIGNING OFFICER CFO/TREASURER 8282740757 2016-02-12 1 AMY BIBBY P00445891 8282542254 2014 2016-08-17 19:52:53Z KIRK DUNCAN 1345 HENDERSONVILLE ROAD ASHEVILLE NC 28803 18002205 0 X WWW.CAROLINADAY.ORG X 1936 NC PROVIDING EDUCATIONAL SERVICES TO THE COMMUNITY 18 15 274 400 0 0 732934 3210088 13108348 14334349 367270 80075 67398 203147 14275950 17827659 1536252 1813454 0 0 9033825 9329838 0 74278 431619 3347818 3842450 13917895 15060020 358055 2767639 22502208 25420361 2127661 2569958 20374547 22850403 X CDS EXISTS TO PROVIDE PARENTS AND CHILDREN IN THE GREATER ASHEVILLE AREA WITH A HIGH QUALITY, INDEPENDENT ALTERNATIVE TO PUBLIC AND PAROCHIAL SCHOOLS. 0 0 12548956 1813454 14334349 SEE 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. 12548956 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 1 73 0 1 274 1 0 0 0 0 1 1 1 1 0 0 0 0 X 18 15 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X X ROBERT MCARTHUR 8282740757 1345 HENDERSONVILLE ROAD ASHEVILLE NC 28803 JEFFREY E BAKER BOARD CHAIR 5.00 X X 0 0 0 TED HULL FINANCE CHAIR/TREASURER 5.00 X X 0 0 0 MICHAEL ANDRY TRUSTEE 3.00 X 0 0 0 MAX COGBURN TRUSTEE 2.00 X 0 0 0 JOHN FAV CECIL TRUSTEE 3.00 X 0 0 0 KAREN CLERICI TRUSTEE 2.00 X 0 0 0 PAUL F DISMUKES TRUSTEE 2.00 X 0 0 0 DR CHARLES R GERSHON TRUSTEE 1.00 X 0 0 0 JULIE ROSE TRUSTEE 2.00 X 0 0 0 THOMAS A MAHER TRUSTEE 2.00 X 0 0 0 MARIE-LOUISE MURPHY PRESIDENT, PARENT COUNCIL 3.00 X 0 0 0 BRENDA G NASH TRUSTEE 1.00 X 0 0 0 THOMAS NASH III TRUSTEE 2.00 X 0 0 0 TOM ORECK TRUSTEE 5.00 X 0 0 0 COBY W ORR TRUSTEE 2.00 X 0 0 0 RON PAULUS TRUSTEE 2.00 X 0 0 0 HEATH SHULER TRUSTEE 2.00 X 0 0 0 ANNE WINNER TRUSTEE 2.00 X 0 0 0 DENISE YARBOROUGH TRUSTEE 2.00 X 0 0 0 KIRK DUNCAN HEAD OF SCHOOL/PRESIDENT 50.00 X 148228 0 10582 PEGGY DANIELS ASSOCIATE HEAD/VICE PRESIDENT 50.00 X 150456 0 13179 ROBERT MCARTHUR CFO/TREASURER 50.00 X 146015 0 13310 444699 0 37071 3 0 1 0 CLARK NEXSEN INC 4525 MAIN STREET VIRGINIA BEACH VA 23462 ARCHITECT SERVICES 446880 INSPECTION READY CLEANING PO BOX 1623 SKYLAND NC 28776 CLEANING SERVICE 174398 BEVERLY-GRANT INC 80 PEACHTREE ROAD ASHEVILLE NC 28803 GENERAL CONTRACTOR 146826 ELECTRONIC OFFICE 1257 SWEETEN CREEK RD ASHEVILLE NC 28806 COMPUTER MAINTENANCE 121813 4 66227 3143861 331751 3210088 TUITION & FEES 611710 14334349 14334349 14334349 162985 162985 17689 0 100599 17689 -100599 -82910 -82910 207668 66227 73947 133721 133721 MISCELLANEOUS INCOME 900099 35160 35160 TOURNAMENT INCOME 900099 26864 26864 BOOK INCOME 611710 7402 7402 69426 17827659 14334349 0 283222 1813454 1813454 628122 213475 250367 164280 6613656 5965152 631702 16802 308582 295009 6193 7380 1274674 963917 288084 22673 504804 372175 119194 13435 17414 17414 37950 37950 74278 74278 8661 8661 375717 111226 259736 4755 136123 136123 523464 300824 94624 128016 324638 324638 338932 201420 137512 80558 80558 6668 6668 4309 4309 651760 651760 84975 84975 BAD DEBT EXPENSE 459406 459406 CLASS/EDUCATION EXPENSE 448751 448751 ACTIVITY/ATHLETIC EXPEN 155636 155636 OTHER EDUCATIONAL EXPEN 121884 121884 65604 65362 242 15060020 12548956 2079445 431619 400 500 2937660 4408984 310300 1302606 95146 117714 72911 73765 23368221 8663635 14064284 14704586 5021507 4812206 22502208 25420361 1132921 1253496 901265 1218527 93475 97935 2127661 2569958 X 15238957 17085561 2035335 2827647 3100255 2937195 20374547 22850403 22502208 25420361 2767639 -291783 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5021507 101725 -108798 202228 4812206 4162596 197012 691388 29490 5021507 3384070 357912 578825 158211 4162596 3545071 16642 -30743 146900 3384070 2988052 39560 666558 149099 3545071 0.28450 0.61040 0.10510 0 0 5159505 5159505 15138551 7353771 7784780 1846051 1309864 536187 1224114 1224114 14704586 CAPITAL LEASE OBLIGATIONS - COMPUTERS 97935 97935 X 17607478 -291783 466 73947 -217370 17824848 2811 2811 17827659 15131622 466 73947 74413 15057209 2811 2811 15060020 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. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 CAROLINA DAY SCHOOL ADMINISTERS ITS ADMISSIONS, SCHOLARSHIP, ATHLETIC, PERSONNEL, AND OTHER PROGRAMS WITHOUT REGARD TO RACE, CREED, COLOR, NATIONAL OR ETHNIC ORIGIN. X X X X X X 1 HUNTERKEMPER CONSULTING 65 PANOLA STREET ASHEVILLE NC 28801 CONSULTING FOR CAPITAL CAMPAIGN 0 0 45000 -45000 WINKLER GROUP 1036 EWALL STREET MT PLEASANT SC 29464 CONSULTING FOR CAPITAL CAMPAIGN 0 0 29278 -29278 74278 -74278 AUCTION 255758 66227 189531 18600 3867 599 35991 SCHOOL SUPPLIES SALE 18137 18137 14890 273895 66227 207668 18600 3867 599 50881 73947 133721 1 MERIT SCHOLARSHIPS 43 267003 FMV NEED-BASED FINANCIAL AID 120 1538549 FMV PART I, LINE 2: FINANCIAL 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. X 0 1 X X X X X 0 0 0 0 0 0 0 0 0 KIRK DUNCAN HEAD OF SCHOOL/PRESIDENT 126395 0 0 0 21833 0 7717 0 2865 0 158810 0 0 0 PEGGY DANIELS ASSOCIATE HEAD/VICE PRESIDENT 150456 0 0 0 0 0 7625 0 5554 0 163635 0 0 0 ROBERT MCARTHUR CFO/TREASURER 135990 0 10000 0 25 0 7653 0 5657 0 159325 0 0 0 PART I, LINE 1A KIRK 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. 8000 MERIT SCHOLARSHIP - TWO INDIVIDUALS ASSIST WITH TUITION MEREDITH DANIELS RELATED TO PEGGY DANIELS, THE ASSOCIATE HEAD OF SCHOOL. 24254 COMPENSATION PAID BY THE ORGANIZATION FOR ADMINISTRATIVE ASSISTANT SERVICES 0 TRIP COGBURN RELATED TO MAX COGBURN, A BOARD MEMBER 52109 COMPENSATION PAID BY THE ORGANIZATION FOR ASSISTANT ATHLETIC DIRECTOR SERVICES 0 X 6 331751 FMV 0 1 1 PART I, LINE 32B: THE ORGANIZATION USES THIRD PARTY FINANCIAL ADVISORS TO PROCESS AND SELL DONATED STOCKS UPON RECEIPT. FORM 990, PART VI, SECTION A, LINE 2 THOMAS NASH AND BRENDA NASH HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11 THE 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 12C ALL 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 15A COMPENSATION 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 18 RECENT FILINGS OF THE FORM 990 ARE AVAILABLE UPON REQUEST AND ONLINE AT WWW.GUIDESTAR.ORG. FORM 990, PART VI, SECTION C, LINE 19 THE 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.