2014-05-14T12:25:47-05:00 2013-06-30 561965804 THOMAS JUDY & TUCKER P A 4700 FALLS OF NEUSE ROAD SUITE 400 RALEIGH NC 27609 990 2012-07-01 561894697 CARY CHRISTIAN SCHOOL INCORPORATED CARY 9193032560 1330 OLD APEX RD CARY NC 27513 JAMES DICKMAN 9193032560 2014-05-14 1 KRISTEN HOYLE CPA P00118964 9195717055 2014-05-13 2012 2015-11-30 17:44:51Z RICK WHARTON 1330 OLD APEX RD CARY NC 27513 5716878 0 X WWW.CARYCHRISTIANSCHOOL.ORG X 1994 NC PROVIDING AN EXCELLENT CLASSICAL EDUCATION FOUNDED UPON A BIBLICAL WORLDVIEW. 7 3 115 100 0 0 569776 338764 4357598 5268888 8000 2670 85077 8635 5020451 5618957 0 226867 0 0 1886227 2304919 0 0 0 2632852 2520064 4519079 5051850 501372 567107 12240426 16630021 7740477 11562965 4499949 5067056 OUR MISSION IS TO PROVIDE AN EXCELLENT CLASSICAL EDUCATION FOUNDED UPON A BIBLICAL WORLDVIEW. ALL SUBJECTS ARE TAUGHT AS PART OF AN INTEGRATED WHOLE, WITH THE SCRIPTURES AT THE CENTER, SERVING AS THE HUB OF ALL KNOWLEDGE. 0 0 3266906 226867 5270964 PROVIDED INSTRUCTION TO STUDENTS IN THE VICINITY OF CARY, NC IN GRADES KINDERGARTEN THROUGH TWELFTH GRADE. 3266906 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 52 0 115 1 0 0 0 0 0 1 1 0 0 X 7 3 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 0 0 1 1 0 NC X CYNTHIA WATERS 9193032560 1330 OLD APEX RD CARY NC 27513 RICK WHARTON 1.00 X X 0 0 0 MARK CLARKSON 1.00 X 0 0 0 JAY BOLICK 1.00 X 0 0 0 WES MONTGOMERY 1.00 X X 0 0 0 MARK HARTLEY 1.00 X X 0 0 0 CAMERON PERKINS 1.00 X X 0 0 0 JOHN HIESTER 1.00 X 0 0 0 BRIAN FINNEGAN 1.00 X 0 0 0 CHRIS FLYTHE 1.00 X 0 0 0 WENDELL COOK 40.00 X 102248 0 7898 102248 0 7898 1 0 0 0 RODNEY MARSHALL DBA FINDAFURTURE IN 956 SCENIC HEIGHTS ROAD OAK HARBOR WA 98277 INTERIM SUPERINTENDENT 111975 1 112463 226301 1816 338764 TUITION AND FEES 900099 5138905 5138905 OTHER SCHOOL ACTIVITIE 900099 129983 129983 5268888 594 594 16500 14424 2076 2076 2076 92132 112463 83497 8635 8635 5618957 5270964 0 9229 226867 226867 115149 115149 1969009 1798707 170302 220761 206484 14277 7083 7083 10000 10000 21855 21855 36588 36588 315311 315311 OFFICE AND ADMINISTRATI 1107372 1107372 FACILITIES 472864 472864 EDUCATIONAL EXPENSES 296305 296305 OTHER 150530 150530 102156 102156 5051850 3266906 1784944 0 3433884 2839072 593538 750802 254124 239348 117978 3811634 6534 6500 11229894 2247229 7834368 8982665 12240426 16630021 48418 16214 1046746 4749469 6068174 6416166 577139 381116 7740477 11562965 X 4229448 4639379 270501 427677 4499949 5067056 12240426 16630021 567107 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 34762 34762 28909 5853 34762 1125654 1125654 8959069 1701382 7257687 135342 4930 130412 748982 357363 391619 260847 183554 77293 8982665 ACCRUED INTEREST 32364 ACCRUED HOLDING LOSS ON INTEREST RATE SWAP 348752 381116 X 5390014 0 5390014 228943 228943 5618957 4822907 0 4822907 228943 228943 5051850 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE SCHOOL AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE SCHOOL HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE LIKELY THAN NOT WOULD BE SUSTAINED UPON EXAMINATION BY THE APPLICABLE AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE SCHOOL, AND HAS CONCLUDED THAT AS OF JUNE 30, 2013, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE SCHOOL IS SUBJECT TO THE ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE SCHOOL BELIEVES IT IS NO LONGER SUBJECT TO INCOME EXAMINATION FOR YEARS PRIOR TO 2010. PART XI, LINE 4B - OTHER ADJUSTMENTS: GAIN ON DISPOSAL OF EQUIPMENT 2,076. TUITION ASSISTANCE 226,867. PART XII, LINE 4B - OTHER ADJUSTMENTS: GAIN ON DISPOSAL OF EQUIPMENT 2,076. TUITION ASSISTANCE 226,867. 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 PUBLICATION OF NONDISCRIMINATORY POLICY ADVERTISEMENT PLACED IN LOCAL NEWSPAPER ANNUALLY. SHN 53689 53689 966 323 25391 AUCTION 107256 26250 81006 14744 200 23656 1 43650 32524 11126 1888 15560 769 204595 112463 92132 2854 15883 14744 200 49816 83497 8635 0 TUITION ASSISTANCE 47 226867 TUITION GRANTS WERE ALLOCATED BASED ON RECOMMENDATIONS FROM A THIRD-PARTY PROVIDER WHO REVIEWED TAX AND FINANCIAL INFORMATION TO DETERMINE AMOUNT OF EACH APPLICANT FAMILY'S NEED. OUR HEADMASTER, DELL COOK, WAS A GRANT RECIPIENT AND IS INCLUDED ON THE LIST OF GRANTS. NO OTHER SUBSTANTIAL CONTRIBUTOR, KEY EMPLOYEE, OFFICER, DIRECTOR, ETC. RECEIVED A GRANT OF ANY KIND. WENDELL COOK OFFICER OF ORGANIZATION 7440 TUITION DISCOUNT KAREN BOLICK EMPLOYEE OF ORGANIZATION AND SPOUSE OF BOARD MEMBER 21305 PAYROLL 0 LISA HIESTER EMPLOYEE OF ORGANIZATION AND SPOUSE OF BOARD MEMBER 26075 PAYROLL 0 MARGARET FINNEGAN EMPLOYEE OF ORGANIZATION AND SPOUSE OF BOARD MEMBER 24212 PAYROLL 0 FORM 990, PART VI, SECTION A, LINE 6 CARY CHRISTIAN SCHOOL, INC. REQUIRES ALL OF OUR FAMILIES TO BE MEMBERS OF THE CORPORATION WITH MEMBERSHIP RENEWED ANNUALLY EACH JANUARY. FORM 990, PART VI, SECTION A, LINE 7A THE CORPORATION MEMBERS VOTE EACH YEAR TO ELECT THE BOARD MEMBERS. BOARD MEMBERS SERVE THREE-YEAR TERMS. FORM 990, PART VI, SECTION A, LINE 7B THE CORPORATION MEMBERS VOTE EACH YEAR TO ELECT THE BOARD MEMBERS. BOARD MEMBERS SERVE THREE-YEAR TERMS. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED BY THE FINANCE MANAGER, DIRECTOR OF FINANCE AND OPERATIONS, BOARD TREASURER, PRESIDENT, AND HEADMASTER PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD COMMITS ITSELF AND ITS MEMBERS TO BIBLICAL, ETHICAL, PROFESSIONAL, AND LAWFUL CONDUCT, INCLUDING PROPER USE OF AUTHORITY AND APPROPRIATE DECORUM WHEN ACTING AS BOARD MEMBERS. MEMBERS MUST REPRESENT LOYALTY WITHOUT CONFLICT TO THE INTERESTS OF THE OWNERSHIP. THIS ACCOUNTABILITY SUPERSEDES ANY CONFLICTING LOYALTY SUCH AS THAT TO ADVOCACY OR INTEREST GROUPS AND MEMBERSHIP ON OTHER BOARDS OR STAFFS. IT ALSO SUPERSEDES THE PERSONAL INTEREST OF ANY BOARD MEMBER ACTING AS A CONSUMER OF THE ORGANIZATION'S SERVICES. MEMBERS MUST AVOID CONFLICT OF INTEREST WITH RESPECT TO THEIR FIDUCIARY RESPONSIBILITY. BOARD MEMBERS MAY NOT ATTEMPT TO EXERCISE INDIVIDUAL AUTHORITY OVER THE ORGANIZATION EXCEPT AS EXPLICITLY SET FORTH IN BOARD POLICIES AND BOARD MEMBERS WILL RESPECT THE CONFIDENTIALITY APPROPRIATE TO ISSUES OF A SENSITIVE NATURE. FORM 990, PART VI, SECTION B, LINE 15 THE CARY CHRISTIAN SCHOOL POLICY GOVERNANCE MANUAL STATES THAT THE BOARD REVIEWS FULL COMPENSATION FOR THE HEADMASTER ANNUALLY WITH INCREASES/CHANGES BASED ON PERFORMANCE AND OTHER FACTORS. COMPARATIVE DATA IS USED FROM PUBLIC/PRIVATE EDUCATIONAL SECTOR AND CONSIDERATION OF APPLICABLE BUSINESS FACTORS. ONE MEMBER AND THE PRESIDENT PRESENT RECOMMENDATION TO BOARD FOR ANY CHANGES. RECOMMENDATION IS DISCUSSED WITH THE GOAL (BUT NOT REQUIREMENT) OF REACHING CONSENSUS. FINAL PACKAGE RECORDED IN EXECUTIVE SESSION MINUTES AND PRESENTED VIA LETTER FROM BOARD TO HEADMASTER. FORM 990, PART VI, SECTION C, LINE 19 THE CARY CHRISTIAN SCHOOL (CCS) POLICY GOVERNANCE MANUAL IS MAINTAINED ON THE CCS WEBSITE. THE CONFLICT OF INTEREST POLICY IS INCLUDED IN THAT MANUAL. THE FORM 990 AND FINANCIAL STATEMENTS ARE KEPT ON SITE AND IS AVAILABLE UPON REQUEST FOR PUBLIC INSPECTION. FORM 990, PART XII, LINE 2C PROCESS HAS NOT CHANGED FROM PRIOR YEAR.