2013-02-08T13:25:02-06:00 2012-06-30 560747981 DIXON HUGHES GOODMAN LLP 500 RIDGEFIELD COURT ASHEVILLE NC 28806 990 2011-07-01 560125490 CAROLINA DAY SCHOOL INC CARO 8282740757 1345 HENDERSONVILLE ROAD ASHEVILLE NC 28803 THOMAS TRIGG 8282740757 2013-02-08 1 AMY BIBBY P00445891 8282542254 2011 2016-02-25 16:41:14Z THOMAS TRIGG 1345 HENDERSONVILLE ROAD ASHEVILLE NC 28803 13417890 0 X WWW.CAROLINADAY.ORG X 1936 NC PROVIDING EDUCATIONAL SERVICES TO THE COMMUNITY 19 18 266 490 0 0 578877 485092 12210722 12766614 83453 65873 128013 37228 13001065 13354807 1563165 1694761 0 0 8781174 8617287 0 0 303336 3248637 3239014 13592976 13551062 -591911 -196255 22858694 22571884 3557109 3542296 19301585 19029588 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 10867843 1694761 12766614 SEE SCHEDULE O ACCREDITED PRE-KINDERGARTEN THROUGH 12TH GRADE SCHOOL FOR BOYS AND GIRLS PROVIDING EDUCATIONAL AND RELATED SERVICES; APPROXIMATELY 625 STUDENTS.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.MERIT SCHOLARSHIPS EARNED BY CLASS OF 2012: MORE THAN $3 MILLIONNATIONAL MERIT SCHOLARSHIP PROGRAM: THE CLASS OF 2012 HAS FOUR COMMENDED STUDENTS NATIONAL MERIT SCHOLARSHIP PROGRAM, TWO NATION MERIT SCHOLARS, AND ONE US PRESIDENTIAL SCHOLAR CANDIDATE. ADVANCED PLACEMENT PROGRAM : CDS OFFERS 18 AP COURSES ACROSS THE FULL SPECTRUM OF OUR ACADEMIC PROGRAM-STUDENTS HAVE ADVANCED PLACEMENT OPPORTUNITIES THAT RANGE FROM ENVIRONMENTAL SCIENCE WHERE THEY MAKE USE OF OUR WONDERFUL NATURAL RESOURCES TO GOVERNMENT AND POLITICS WHICH COMPLEMENTS THE SCHOOL'S GLOBAL STUDIES CURRICULUM. THE PAST ACADEMIC YEAR 79% OF THE STUDENTS WHO TOOK AP EXAMS SCORED 3 OR HIGHER.ACADEMIC RECOGNITIONS: THE UPPER SCHOOL MATH TEAM HAS WON FIRST PLACE FOURTEEN YEARS AND SECOND PLACE FOR FOUR YEARS IN THE REGIONAL COMPETITION. THE SCIENCE OLYMPIAD TEAM REGULARLY ADVANCES STUDENTS FROM THE REGIONAL TO STATE COMPETITION. THE DEBATE TEAM HAS PARTICIPATED IN BOTH THE HARVARD AND DUKE TOURNAMENTS IN RECENT YEARS.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), PIT BAND, JEWELRY/METALSMITHING, POTTERY, PAINTING, DRAWING, AND ADVANCED STUDIO ART. WE ALSO OFFER ART HISTORY INCLUDING AP ART HISTORY AND AP MUSIC THEORYLANGUAGE: CDS OFFERS 13 YEARS OF SPANISH, BEGINNING IN KINDERGARTEN, AND SEVEN YEARS OF FRENCH IN GRADES 6 - 12. NUMBER OF SPORTS OFFERED: 11 SPORTS AND 29 TEAMS (VARSITY, JUNIOR VARSITY, MIDDLE SCHOOL) INCLUDING FIELD HOCKEY, VOLLEYBALL, BASKETBALL, SOCCER, TENNIS, CROSS COUNTRY, BASEBALL, GOLF, SWIMMING, AND TRACK & FIELD.NUMBER OF STATE CHAMPIONSHIPS: 83 SINCE 1995.CHARACTER EDUCATION: A HALLMARK OF CDS IS THE ATMOSPHERE OF TRUST AND RESPECT THAT EXISTS AMONG STUDENTS, TEACHERS, AND ADMINISTRATORS BECAUSE OF OUR HONOR CODED. THE TENETS OF COMPASSION, RESPECT & RESPONSIBILITY, 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. APPROXIMATELY 25 PERCENT OF ALL UPPER SCHOOL STUDENTS ARE MEMBERS OF THE HIGHLANDER SOCIETY WHICH RECOGNIZES 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 THE MIDDLE SCHOOL AND THE 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. THE ENTIRE ADMINISTRATIVE TEAM HAS RECEIVED THE RANKING OF CERTIFIED ACADEMIC LANGUAGE THERAPIST THROUGH ALTA. IN ADDITION, 13 FACULTY MEMBERS HAVE SUCCESSFULLY COMPLETED THE NATIONAL TESTING THROUGH ALTA RECEIVING THE RANKING OF ASSOCIATE ACADEMIC LANGUAGE THERAPIST.GURIAN MODEL SCHOOL: AS A RESULT OF CAROLINA DAY SCHOOL'S DEDICATION TO PROVIDING AN EDUCATIONAL ENVIRONMENT IN WHICH EVERY BOY AND GIRL 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 TRAINERS, CAROLINA DAY PRINCIPALS CLAUDIA SHERRY AND PEGGY DANIELS OFFER WORKSHOPS AND RESOURCES FOR CDS TEACHERS AND PARENTS. THEY SERVE AS GURIAN SUMMER INSTITUTE TRAINERS AND ALSO VISIT SCHOOLS ACROSS THE NATION TO TRAIN TEACHERS, ADMINISTRATORS, AND PARENTS IN THE BENEFITS OF USING BRAINBASED RESEARCH AND TEACHING STRATEGIES IN THE CLASSROOM.ALUMNI: MORE THAN 2,000 ALUMNI ARE MEMBERS OF THE ALUMNI ASSOCIATION AND 56 CHILDREN OF 36 ALUMNI ARE CURRENTLY ENROLLED. 10867843 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 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 54 0 1 266 1 0 0 0 0 1 1 1 1 0 0 0 0 X 19 18 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X X DIANE HENSON BUSINESS MANAGER 8282740757 1345 HENDERSONVILLE ROAD ASHEVILLE NC 28803 CHARLES KEITH LOVE 10.00 X X 0 0 0 JEFFREY BAKER 3.00 X X 0 0 0 CHRISTINE NEVANT 2.00 X X 0 0 0 PAMELA TURNER 2.50 X X 0 0 0 WILLIAM T GAY 5.00 X X 0 0 0 DR CHARLES R GERSHON 1.00 X 0 0 0 STARLING UNDERWOOD III 1.30 X 0 0 0 JOHN FAV CECIL 1.50 X 0 0 0 PAUL F DISMUKES 1.00 X 0 0 0 BRENDA G NASH 1.00 X 0 0 0 JACKIE LALOR 1.80 X 2310 0 0 CHARLES PICKELSIMER III 1.00 X 0 0 0 JOHN RE RUHL SR 3.00 X 0 0 0 DAVID K WATKINS 2.00 X 0 0 0 DR ROLAND M ZAHN 1.00 X 0 0 0 MICHAEL ANDRY 2.00 X 0 0 0 SUSAN V DELALOYE 1.50 X 0 0 0 KAREN CLERICI 2.00 X 0 0 0 TED HULL 2.00 X 0 0 0 TOM ORECK 2.00 X 0 0 0 THOMAS TRIGG 75.00 X 267754 0 27916 RUSSELL E SLIPHER JR 40.00 X 92032 0 9422 CLAUDIA SHERRY 50.00 X 107660 0 11134 469756 0 48472 2 0 1 0 INSPECTION READY CLEANING PO BOX 1623 SKYLAND NC 28776 CLEANING SERVICE 173213 ELECTRONIC OFFICE 1257 SWEETEN CREEK RD ASHEVILLE NC 28806 COMPUTER MAINTENANCE 120016 2 485092 40410 485092 TUITION & FEES 611710 12766614 12766614 12766614 71109 71109 40410 40145 5501 265 -5501 -5236 -5236 27645 17437 10208 10208 MISCELLANEOUS INCOME 900099 17626 17626 BOOK INCOME 611710 5574 5574 SCHOOL STORE/SUPPLIES 611710 3820 3820 27020 13354807 12766614 0 103101 1694761 1694761 475641 2310 473331 6098177 4903652 979776 214749 200387 200165 222 1304412 1126447 148524 29441 538670 352467 159259 26944 29125 29125 39548 39548 1040 1040 481214 190609 286478 4127 102774 102774 335570 244526 62969 28075 205894 205894 303070 207621 95449 95865 95865 2821 2821 76527 75139 1388 636173 636173 78868 78868 CLASS/EDUCATION EXPENSE 502829 502829 OTHER EDUCATIONAL EXPEN 224915 224915 ACTIVITY/ATHLETIC EXPEN 105927 105927 BAD DEBT EXPENSE 16854 16854 13551062 10867843 2379883 303336 400 400 2541512 3392116 1561600 823917 157575 103255 15000 7500 70981 74980 22045097 7259451 14966555 14785646 3545071 3384070 22858694 22571884 1239439 1108183 785928 849975 1450000 1450000 81742 134138 3557109 3542296 X 15046294 14936680 1796581 1742589 2458710 2350319 19301585 19029588 22858694 22571884 X -196255 -75742 X X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3545071 16642 -30743 146900 3384070 2988052 39560 666558 149099 3545071 2723565 41495 386048 163056 2988052 3453115 117153 -679699 75061 91943 2723565 0.30870 0.68980 0.00150 0 0 5159505 5159505 12341435 5454385 6887050 2126156 524458 1601698 1901174 1035048 866126 516827 245560 271267 14785646 CAPITAL LEASE OBLIGATIONS - COMPUTERS 134138 134138 13354807 13551062 -196255 -75742 -75742 -271997 13313059 -75742 17227 -58515 13371574 670 -17437 -16767 13354807 13585056 17227 17437 34664 13550392 670 670 13551062 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: 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. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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, 2012 AND, ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED. THE SCHOOL'S FEDERAL RETURNS OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) FOR 2011, 2010, AND 2009 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. PART XII, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSES -17,437. PART XIII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS EXPENSES 17,437. 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 CAROLINA DAY SCHOOL ADMINISTERS ITS ADMISSIONS, SCHOLARSHIP, ATHLETIC, PERSONNEL, AND OTHER PROGRAMS WITHOUT REGARD TO RACE, CREED, COLOR, NATIONAL OR ETHNIC ORIGIN. SCHOOL SUPPLIES INCOME 14018 14018 11027 KS PAC INCOME 5644 5644 4501 4 7983 7983 1909 27645 27645 17437 17437 10208 1 MERIT SCHOLARSHIPS 47 163229 NEED-BASED FINANCIAL AID 144 1531532 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, 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. X X X X 1 0 0 0 0 0 0 0 0 THOMAS TRIGG 246560 0 0 0 21194 0 12250 0 15666 0 295670 0 0 0 PART I, LINE 4A RUSSELL SLIPHER RECEIVED BENEFITS DURING THE YEAR UNDER A SEVERANCE AGREEMENT. THE VALUE OF THE BENEFITS RECEIVED UNDER THIS ARANGEMENT WERE $21,470. THOMAS TRIGG RELOCATION COSTS X 15000 7500 0 1 1 7500 X 7 40410 FMV 0 0 1 THIRD PARTY USE: 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 CONSISTING OF INDEPENDENT MEMBERS 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. 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -75,742. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.