2014-05-13T07:42:28-05:00 2013-06-30 560570567 DAVENPORT MARVIN JOYCE & COLLP 509 WEST MAIN STREET SANFORD NC 27332 990 2012-07-01 237125932 SANDHILLS INDEPENDENT SCHOOL CORPORATION SAND 9106926920 P O BOX 290 SOUTHERN PINES NC 283880290 EDWARD T PHILLIPS 9106926920 2014-05-08 1 DONNA B JOHNSON CPA P00176202 9197744535 2012 2015-11-30 17:44:51Z THE O'NEAL SCHOOL EDWARD T PHILLIPS P O BOX 290 SOUTHERN PINES NC 283880290 7665858 0 X WWW.ONEALSCHOOL.ORG X 1971 NC THE O'NEAL SCHOOL IS A COLLEGE PREPARATORY SCHOOL DEDICATED TO THE DEVELOPMENT OF ACADEMIC EXCELLENCE, STRENGTH OF CHARACTER AND PHYSICAL WELL-BEING OF ITS STUDENTS IN AN ENVIRONMENT WHERE INTEGRITY, SELF-DISCIPLINE, AND CONSIDERATION FOR OTHERS ARE FUNDAMENTAL. 20 20 134 195 0 0 191889 282151 6387564 6735248 46201 74942 222716 159954 6848370 7252295 779540 1076800 0 0 4133930 4242867 0 0 0 2738466 2446372 7651936 7766039 -803566 -513744 16406056 16270742 11246022 11165440 5160034 5105302 THE O'NEAL SCHOOL IS A COLLEGE PREPARATORY SCHOOL DEDICATED TO THE DEVELOPMENT OF ACADEMIC EXCELLENCE, STRENGTH OF CHARACTER AND PHYSICAL WELL-BEING OF ITS STUDENTS IN AN ENVIRONMENT WHERE INTEGRITY, SELF-DISCIPLINE, AND CONSIDERATION FOR OTHERS ARE FUNDAMENTAL. 0 0 5311045 1076800 6735248 EDUCATION AND SCHOOL RELATED ACTIVITIES FOR GRADES PRE-K - 12TH SERVICING APPROXIMATELY 445 STUDENTS. 5311045 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 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 0 0 0 0 0 0 0 0 0 1 8 0 1 134 1 0 0 0 0 0 1 0 0 0 0 0 X 20 20 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NC X EDWARD T PHILLIPS 9106926920 3300 AIRPORT RD-PO BOX 290 28388 SOUTHERN PINES NC 28387 DR PAMELA GUEST 1.00 X 0 0 0 SUSAN BALDELLI 1.00 X 0 0 0 LINDLEY FLEURY 1.00 X X 0 0 0 SHERWOOD BLACKWOOD 1.00 X 0 0 0 ROBERTA KING 1.00 X 0 0 0 MICHAEL GUTSCHMIT 1.00 X 0 0 0 LAURIE TREXLER 1.00 X X 0 0 0 SARAH O'LEARY 1.00 X 0 0 0 STUART MILLS 1.00 X X 0 0 0 HU POSTON 1.00 X X 0 0 0 DR MICHAEL HENRY 1.00 X 0 0 0 DR JOSEPH TOZZI 1.00 X 0 0 0 STEPHEN LATER 1.00 X 0 0 0 STAN BRADSHAW 1.00 X 0 0 0 KONNI MCMURRAY 1.00 X 0 0 0 XAN SMITH 1.00 X 0 0 0 DR MATTHEW VREELAND 1.00 X 0 0 0 DR ZA'VETTE TATUM-KODZAI 1.00 X 0 0 0 JOHN MADDEN 40.00 X 77068 0 5463 ALAN K BARR 40.00 X 246720 0 47825 EDWARD T PHILLIPS 40.00 X 100784 0 6732 424572 0 60020 2 0 1 0 0 282151 3027 282151 EDUCATION SERVICE & FE 611600 6269346 6269346 AUXILLARY SERVICES 611600 188787 188787 277115 277115 6735248 64435 64435 40270 0 40270 40270 40270 355551 345044 10507 10507 10507 188203 68519 119684 119684 7252295 6735248 0 234896 1076800 1076800 3667477 2669763 997714 46036 32258 13778 255276 169056 86220 274078 205306 68772 16700 16700 20326 20326 8058 8058 361024 361024 526194 526194 68894 68894 UTILITIES, INSURANCE AN 429081 41092 387989 PROFESSIONAL DUES, PUBL 257067 3479 253588 MATERIALS AND SUPPLIES 159905 134027 25878 CLASS TRIP AND RETREAT 124466 124466 474657 320546 154111 7766039 5311045 2454994 0 545992 693006 423647 622736 935520 751052 74822 90673 99557 77634 16751434 4989099 12242196 11762335 2084322 2273306 16406056 16270742 438051 650842 1446618 1429844 8435000 8435000 80505 51339 845848 598415 11246022 11165440 X 3545261 3421253 614338 683614 1000435 1000435 5160034 5105302 16406056 16270742 X -513744 459012 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1431290 217384 3983 1644691 1439197 821 9459 14087 4100 1431290 1167012 4835 270950 3600 1439197 1104797 2017 132248 43850 28200 1167012 1418858 5343 -230441 60000 28963 1104797 1.00000 1 0 264828 264828 14566880 4050878 10516002 1760160 843037 917123 159566 95184 64382 11762335 INTEREST RATE SWAP 598415 598415 7352046 408341 408341 6943705 308590 308590 7252295 7587124 -247433 -247433 7834557 -68518 -68518 7766039 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: GENERAL ENDOWMENT SUPPORTS SCHOOL OPERATIONS, COOK ENDOWMENT IS USED FOR FACULTY PROFESSIONAL DEVELOPMENT, AND CURTIS ENDOWMENT IS FOR BONUSES FOR FACULTY WHO HAVE BEEN WITH THE SCHOOL FOR TWO YEARS OR MORE. PART XI, LINE 2D - OTHER ADJUSTMENTS: SATISFACTION OF PROGRAM REQUIREMENTS 408,341. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -68,519. CONTRIBUTIONS-TEMPORARILY RESTRICTED 203,777. STUDENT SCHOLARSHIPS 62,000. INCOME FROM LONG-TERM INVESTMENTS 74,922. TEMPORARILY RESTRICTED - FUNDRAISING REVENUE 36,410. PART XII, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED GAIN ON INTEREST RATE SWAP -247,433. PART XII, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES (INCOME INCLUDED IN NET INCOME) -68,519. ROUNDING 1. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 ADVERTISEMENTS IN THE LOCAL NEWSPAPERS AUCTION 188203 188203 68519 188203 188203 68519 68519 119684 NC 0 THE SCHOOL CONDUCTS A RAFFLE AS PART OF ITS AUCTION FUNDRAISER. TICKETS ARE SOLD AND UPON PURCHASING A TICKET THE DONOR IS REGISTERED TO WIN CASH PRIZES. THE PRIZES ARE DEDUCTED FROM THE REVENUE RECEIVED FROM TICKET SALES. LABOR INVOLVED WITH CARRYING OUT THE RAFFLE IS DONE ON VOLUNTEER BASIS - PARENT ORGANIZATION OF SCHOOL, SCHOOL PERSONNEL AND OTHER COMMUNITY SUPPORTERS. 0 0 0 0 0 1 FINANCIAL AID 123 888150 OTHER - AMOUNT OF FINANCIAL AID GIVEN IS NEED BASED AND VARIES PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE SCHOOL USES AN INDEPENDENT THIRD PARTY TO REVIEW FINANCIAL AID APPLICANTS. ALL FINANCIAL AID IS NEED BASED. THE THIRD PARTY MAKES RECOMMENDATIONS TO THE SCHOOL ON WHAT APPLICANTS THEY FEEL NEED ASSISTANCE AND THE AMOUNT OF ASSISTANCE NEEDED. THE SCHOOL POLICY IS THAT ALL STUDENTS PAY AT LEAST 25% TOWARD TUITION REGARDLESS OF CIRCUMSTANCES. X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 JOHN MADDEN ALAN K BARR 200500 0 22100 0 24120 0 0 0 47825 0 294545 0 0 0 A NC EDUCATION FACILITIES FINANCE AGENCY-EDUCATIONAL FACILITIES REVENUE BOND 561592154 65818PER6 2007-03-22 10000000 REFUNDING OF EXISTING BONDS AND CONSTRUCTION 0 0 0 A 0 0 0 0 A 0 0 0 0 0 0 0 A 0 0 0 0 1 0 0 0 0 ALAN K BARR HEADMASTER 28400 TUITION REMISSION FORM 990, PART VI, SECTION A, LINE 2 LAURIE TREXLER, TREASURER, AND MICHAEL GUTSCHMIT, TRUSTEE, ARE BROTHER AND SISTER. FORM 990, PART VI, SECTION B, LINE 11 THE FINANCE COMMITTEE IS RESPONSIBLE FOR REVIEWING THE 990 PRIOR TO FILING ON BEHALF OF THE BOARD. AFTER REVIEW BY THE FINANCE COMMITTEE, A REPORT AND COPY OF THE 990 IS GIVEN TO THE ENTIRE BOARD BEFORE THE RETURN IS FILED. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES, OFFICERS, ADMINISTRATORS, FACULTY, STAFF AND OTHER EMPLOYEES HAVE AN OBLIGATION TO EXERCISE THEIR AUTHORITY AND TO CARRY OUT THE DUTIES OF THEIR RESPECTIVE POSITIONS FOR THE SOLE BENEFIT OF THE SCHOOL. WHERE POTENTIAL CONFLICTS OF INTEREST EXIST, IT SHALL BE THE RESPONSIBILITY OF THE PERSON INVOLVED OR ANY OTHER PERSON WITH KNOWLEDGE OF THE EVENT TO NOTIFY THE BOARD. THE BOARD WILL TAKE ACTION AS DEEMED APPROPRIATE. THE CONFLICT OF INTEREST POLICY IS REVIEWED AT LEAST ANNUALLY BY SCHOOL PERSONNEL. FORM 990, PART VI, SECTION B, LINE 15 THE SCHOOL CONSULTED WITH AN ADVISOR FOR THE HEADMASTER POSITION. THE HEADMASTER'S ORIGINAL COMPENSATION WAS SET AFTER REVIEWING PEER INFORMATION AND RECEIVING RECOMMENDATION FROM THE ADVISOR. AFTER ONE YEAR OF SERVICE TO THE SCHOOL AND ON AN ANNUAL BASIS THEREAFTER, THE EXECUTIVE COMMITTEE OF THE BOARD PERFORMS A REVIEW AND DECIDES ON SALARY ADJUSTMENT. TOP MANAGEMENT, WHICH IS CONSIDERED THE DIRECTOR OF INSTITUTIONAL ADVANCEMENT AND THE CFO, SERVE AT THE DISCRETION OF THE HEADMASTER, THUS THE HEADMASTER DETERMINES THE COMPENSATION PACKAGE OF THESE TWO POSITIONS. DESCRIPTION OF WHISTLEBLOWER POLICY: EVERY EMPLOYEE WHO FEELS A VIOLATION OF THE HANDBOOK HAS OCCURRED IS ENCOURAGED TO REPORT SUCH VIOLATION. THE EMPLOYEE IS ASKED TO SPEAK WITH HIS OR HER SUPERVISOR OR HEADMASTER OR OTHER DIRECTOR/MANAGER/SUPERVISOR HE OR SHE FEELS COMFORTABLE SPEAKING WITH. ALL DIRECTORS/MANAGERS/SUPERVISORS ARE REQUIRED TO REPORT ANY SUSPECTED VIOLATION TO THE HEADMASTER. THE HEADMASTER IS REQUIRED TO CONDUCT AN INVESTIGATION OF ALL REPORTED VIOLATIONS. ALL REPORTED AND INVESTIGATED CLAIMS ARE ALSO REPORTED TO THE EXECUTIVE COMMITTEE OF THE BOARD. VIOLATIONS MAY BE SUBMITTED ON A CONFIDENTIAL BASIS OR ANONYMOUSLY. FORM 990, PART VI, SECTION C, LINE 19 ALL REQUESTS FOR REVIEW OF THE ORGANIZATION'S GOVERNING DOCUMENTS AND 990 ARE DIRECTED TO THE HEADMASTER AND/OR CFO. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN MARKET VALUE OF INVESTMENTS 211,578. UNREALIZED GAIN ON INTEREST RATE SWAP 247,433. ROUNDING 1. FORM 990, PART XII LINE 2C: AUDIT COMMITTEE METHODS AND SELECTION THE AUDIT COMMITTEE HAS NOT CHANGED ITS METHOD OF OVERSIGHT OR SELECTION PROCESS FROM THAT OF THE PRIOR YEAR.