2015-02-13T13:46:57-06:00 2014-06-30 560747981 DIXON HUGHES GOODMAN LLP 500 RIDGEFIELD COURT ASHEVILLE NC 28806 990 2013-07-01 560125490 CAROLINA DAY SCHOOL INC CARO 8282740757 1345 HENDERSONVILLE ROAD ASHEVILLE NC 28803 ROBERT MCARTHUR CFO/TREASURER 8282740757 2015-02-13 1 JEREMY NAESS P01306905 8282542254 2013 2016-02-25 16:41:14Z ROBERT MCARTHUR 1345 HENDERSONVILLE ROAD ASHEVILLE NC 28803 18843316 0 X WWW.CAROLINADAY.ORG X 1936 NC PROVIDING EDUCATIONAL SERVICES TO THE COMMUNITY 21 17 279 400 0 0 876150 732934 12681921 13108348 61096 367270 176405 67398 13795572 14275950 1510077 1536252 0 0 8882494 9033825 0 0 378635 3271115 3347818 13663686 13917895 131886 358055 21748724 22502208 2055314 2127661 19693410 20374547 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 11183134 1536252 13108348 SEE SCHEDULE O ACCREDITED PRE-KINDERGARTEN THROUGH 12TH GRADE SCHOOL FOR BOYS AND GIRLS PROVIDING EDUCATIONAL AND RELATED SERVICES; 605 STUDENTS ENROLLED IN 2013-2014.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.MERIT SCHOLARSHIPS EARNED BY THE CLASS OF 2014: SEVENTY-TWO OFFERS FOR A TOTAL OF NEARLY $3 MILLION.NATIONAL MERIT SCHOLARSHIP PROGRAM: THE CLASS OF 2014 HAD FOUR NATIONAL MERIT COMMENDED SCHOLARS, ONE NATIONAL MERIT SEMIFINALIST AND ONE NATIONAL HISPANIC RECOGNITION PROGRAM SCHOLAR. ADVANCED PLACEMENT PROGRAM: CDS OFFERS 14 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 75% OF THE STUDENTS WHO TOOK AP EXAMS SCORED THREE OR HIGHER.ACADEMIC RECOGNITIONS: THE UPPER SCHOOL MATH TEAM WENT TO THE WESTERN CONFERENCE COMPETITION IN 2013-2014, AND TWO TEAM MEMBERS PLACED SECOND IN THEIR RESPECTIVE GROUPS. THE SCIENCE OLYMPIAD TEAM ENTERED 22 EVENTS IN THE 2013-2014 REGIONAL SCIENCE COMPETITION. THEY PLACED 1ST IN TWO EVENTS AND 2ND IN THREE EVENTS. THE DEBATE TEAM COMPETES AT NUMEROUS REGIONAL TOURNAMENTS THROUGHOUT THE YEAR, AND EARLY IN 2014 MEMBERS OF THE TEAM QUALIFIED FOR AND COMPETED IN THE NATIONAL TOURNAMENT. AND, FOR 2013-2014 THE UPPER SCHOOL LITERARY MAGAZINE TRANSFIGURATION WON THIRD PLACE IN A STATEWIDE CONTEST CONDUCTED BY THE NORTH CAROLINA LITERARY AND HISTORICAL ASSOCIATION. THE JUDGES GAVE SPECIAL RECOGNITION TO WORKS BY THREE UPPER SCHOOL STUDENTS.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.LANGUAGE: CDS OFFERS THIRTEEN YEARS OF SPANISH, BEGINNING IN KINDERGARTEN. STARTING IN THE 2014-2015 YEAR SPANISH WILL BE TAUGHT IN THE PRE-KINDERGARTEN CLASS ALSO. FRENCH IS AVAILABLE IN GRADES 6 - 12, PROVIDING SEVEN YEARS.NUMBER OF 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: 88 SINCE 1995.CHARACTER EDUCATION: STRONG RELATIONSHIPS AMONG FACULTY, STAFF AND STUDENTS, ALONG WITH STUDENTS SUPPORTING STUDENTS ACROSS DIVISIONS, CONTRIBUTES TO THE ATMOSPHERE OF TRUST AND RESPECT. THE HONOR CODE IS ONE HALLMARK THAT PAINTS A PICTURE OF WHAT IS EXPECTED FROM OUR STUDENTS. THE TENETS OF COMPASSION, DIGNITY, INTEGRITY, AND A THIRST FOR PERSONAL EXCELLENCE ARE INTERWOVEN INTO CURRICULUM AND ACTIVITIES.COMMUNITY SERVICE: COMMUNITY SERVICE IS AN INTEGRAL PART OF THE CURRICULUM FROM PK THROUGH TWELFTH GRADES. THE HIGHLANDER SOCIETY EXISTS TO ENCOURAGE AND RECOGNIZE UPPER SCHOOL STUDENTS WHO HAVE A MINIMUM OF 100 HOURS OF SERVICE.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 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 IMSLEC AND SUPERVISED BY AN ACADEMY OF ORTON-GILLINGHAM PRACTITIONERS AND EDUCATOR'S FELLOW. 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 IN THE FIELD OF MULTISENSORY STRUCTURED LANGUAGE - ORTON- GILLINGHAM, ACADEMY OF FELLOWS OF THE ACADEMY OF ORTON-GILLINGHAM PRACTITIONERS AND EDUCATORS.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 68 CHILDREN OF 37 ALUMNI ARE CURRENTLY ENROLLED. 11183134 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 72 0 1 279 1 0 0 0 0 1 1 1 1 0 0 0 0 X 21 17 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 CHARLES KEITH LOVE CHAIR (JULY THROUGH DECEMBER 2013) 10.00 X X 0 0 0 JEFFREY E BAKER CHAIR (BEGINNING JANUARY 2014)_ 10.00 X X 0 0 0 TED HULL FINANCE CHAIR/TREASURER 5.00 X X 0 0 0 SUSAN V DELALOYE SECRETARY 2.00 X X 0 0 0 MICHAEL ANDRY TRUSTEE 1.00 X 0 0 0 JENNIFER BOCK 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 1.00 X 0 0 0 DR CHARLES R GERSHON TRUSTEE 1.00 X 0 0 0 JACKIE LALOR TRUSTEE 2.00 X 6385 0 0 THOMAS A MAHER TRUSTEE 1.00 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 1.00 X 0 0 0 TOM ORECK TRUSTEE 3.00 X 0 0 0 COBY W ORR TRUSTEE 1.00 X 0 0 0 RON PAULUS TRUSTEE 1.00 X 0 0 0 HEATH SHULER TRUSTEE 1.00 X 0 0 0 ANNE WINNER TRUSTEE 1.00 X 0 0 0 DENISE YARBOROUGH TRUSTEE 1.00 X 0 0 0 DAVID K WATKINS TRUSTEE 2.00 X 0 0 0 THOMAS TRIGG HEAD OF SCHOOL/PRESIDENT (JULY THROUGH DEC 2013) 75.00 X 268085 0 18801 PEGGY DANIELS HEAD OF SCHOOL/PRESIDENT (BEGINNING JANUARY 2014) 75.00 X 75571 0 9190 CLAUDIA SHERRY ASSOCIATE HEAD/VICE PRESIDENT 50.00 X 105719 0 11122 ROBERT MCARTHUR CFO/TREASURER 50.00 X 128341 0 12214 584101 0 51327 3 0 1 0 INSPECTION READY CLEANING PO BOX 1623 SKYLAND NC 28776 CLEANING SERVICE 171305 ELECTRONIC OFFICE 1257 SWEETEN CREEK RD ASHEVILLE NC 28806 COMPUTER MAINTENANCE 157863 2 732934 105765 732934 TUITION & FEES 611710 13108348 13108348 13108348 212665 212665 4705819 710 4551924 0 153895 710 154605 154605 23782 15442 8340 8340 MISCELLANEOUS INCOME 900099 53889 53889 BOOK INCOME 611710 2877 2877 FRIENDS OF THE THEATRE INCOME 900099 2199 2199 93 93 59058 14275950 13108348 0 434668 1536252 1536252 659666 365999 191825 101842 6433269 5169882 1096562 166825 270491 221828 41488 7175 1165103 966790 180899 17414 505296 361911 131056 12329 24220 24220 48860 48860 2605 2605 445318 94947 347731 2640 124967 124967 360792 199800 90582 70410 212797 212797 275577 203259 72318 77028 77028 3013 3013 6695 6695 655719 655719 87463 87463 CLASS/EDUCATION EXPENSE 463093 463093 OTHER EDUCATIONAL EXPEN 375166 375166 ACTIVITY/ATHLETIC EXPEN 124624 124624 BAD DEBT EXPENSE 59881 59881 13917895 11183134 2356126 378635 400 400 2512995 2937660 413152 310300 57438 95146 92146 72911 22200326 8136042 14509996 14064284 4162597 5021507 21748724 22502208 1119500 1132921 810843 901265 124971 93475 2055314 2127661 X 14969159 15238957 2071697 2035335 2652554 3100255 19693410 20374547 21748724 22502208 358055 323082 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4162596 197012 691388 29490 5021507 3384070 357912 578825 158211 4162596 3545071 16642 -30743 146900 3384070 2988052 39560 666558 149099 3545071 2723565 41495 386048 163056 2988052 0.28140 0.61740 0.10120 0 0 5159505 5159505 14763188 6888453 7874735 1703334 1247589 455745 574299 574299 14064284 CAPITAL LEASE OBLIGATIONS - COMPUTERS 93475 93475 X 14624096 323082 10939 15442 349463 14274633 1317 1317 14275950 13942959 10939 15442 26381 13916578 1317 1317 13917895 PART V, LINE 4: THE ORGANIZATION UTILIZES DISTRIBUTIONS FROM ENDOWMENT FUNDS AS DIRECTED BY DONORS AND FOR A VARIETY 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 MANAGEMENT BELIEVES THERE ARE NO SUCH POSITIONS AS OF JUNE 30, 2014 AND, ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED. THE SCHOOL'S FEDERAL RETURNS OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) FOR 2013, 2012, AND 2011 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSE 15,442. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE 15,442. 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. SCHOOL SUPPLY SALE 12594 12594 9964 KEY PAC INCOME 5725 5725 4630 2 5463 5463 848 23782 23782 15442 15442 8340 1 MERIT SCHOLARSHIPS 48 223431 FMV NEED-BASED FINANCIAL AID 110 1311966 FMV PART I, LINE 2: FINANCIAL AID IS AWARDED BASED ON NEED AS DETERMINED THROUGH ANALYSIS BY SCHOOL AND STUDENT SERVICES BY NAIS, BALANCED WITH FUNDS AVAILABLE. MERIT SCHOLARSHIPS ARE AWARDED TO STUDENTS WHO ARE NEW TO OUR UPPER SCHOOL AND ARE BASED ON ACADEMIC ACHIEVEMENT. STUDENTS CAN CONTINUE TO RECEIVE THE AWARD EACH YEAR UNTIL GRADUATION AS LONG AS THEY MEET QUALIFICATIONS. 1 X X X X X 0 0 0 0 0 0 0 0 0 THOMAS TRIGG HEAD OF SCHOOL/PRESIDENT (JULY THROU 246500 0 0 0 21585 0 13404 0 5397 0 286886 0 0 0 CHILDREN OF BOARD MEMBERS 10500 MERIT SCHOLARSHIP - THREE INDIVIDUALS ASSIST WITH TUITION 0 X 5 105765 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 WILL GAY 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.