2013-05-15T09:50:00-05:00 2012-06-30 561965804 THOMAS JUDY & TUCKER P A 4700 FALLS OF NEUSE ROAD SUITE 400 RALEIGH NC 27609 990 2011-07-01 561894697 CARY CHRISTIAN SCHOOL INCORPORATED CARY 9193032560 1330 OLD APEX RD CARY NC 27513 RICK WHARTON 9193032560 2013-05-15 1 KRISTEN HOYLE CPA P00118964 9195717055 2011 2016-02-24 21:20:13Z RICK WHARTON 1330 OLD APEX RD CARY NC 27513 5093830 0 X WWW.CARYCHRISTIANSCHOOL.ORG X 1994 NC PROVIDING AN EXCELLENT CLASSICAL EDUCATION FOUNDED UPON A BIBLICAL WORLDVIEW. 7 6 98 100 0 0 309303 569776 4009612 4357598 2698 8000 71068 85077 4392681 5020451 0 0 0 0 1546134 1886227 0 0 0 2406738 2632852 3952872 4519079 439809 501372 11850863 12240426 7852286 7740477 3998577 4499949 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 2952612 4357598 PROVIDED INSTRUCTION TO STUDENTS IN THE VICINITY OF CARY, NC IN GRADES KINDERGARTEN THROUGH TWELFTH GRADE. 2952612 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 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 29 0 98 1 0 0 0 0 0 1 1 0 0 X 7 6 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 0 1 1 0 NC X ELLEN CURETON 9193032560 1330 OLD APEX RD CARY NC 27513 RICK WHARTON 1.00 X X 0 0 0 JAY BOLICK 1.00 X 0 0 0 WES MONTGOMERY 1.00 X X 0 0 0 MARK CLARKSON 1.00 X 0 0 0 CAMERON PERKINS 1.00 X X 0 0 0 MARK HARTLEY 1.00 X X 0 0 0 JOHN HIESTER 1.00 X 0 0 0 LARRY STEPHENSON 40.00 X 88482 0 4819 DELL COOK 40.00 X 0 0 0 88482 0 4819 0 0 0 0 RODNEY MARSHALL DBA MARSHAL EDUCATI 956 SCENIC HEIGHTS ROAD OAK HARBOR WA 98277 INTERIM SUPERINTENDENT 196792 1 77629 492147 30414 569776 TUITION AND FEES 900099 4320025 4320025 OTHER SCHOOL ACTIVITIE 900099 37573 37573 4357598 8960 8960 350 1310 -960 -960 -960 157146 77629 72069 85077 85077 5020451 4357598 0 93077 30431 30431 1592149 1592149 84404 84404 179243 179243 37917 37917 9500 9500 14894 14894 42245 42245 277329 277329 OFFICE AND ADMINISTRATI 942580 942580 FACILITIES 617924 617924 EDUCATIONAL EXPENSES 257254 257254 DEVELOPMENT AND PROMOTI 242002 242002 191207 191207 4519079 2952612 1566467 0 1989187 3433884 1828790 593538 136818 254124 81489 117978 6534 9778068 1943700 7814579 7834368 11850863 12240426 30514 48418 883157 1046746 6335366 6068174 603249 577139 7852286 7740477 X 3671996 4229448 326581 270501 3998577 4499949 11850863 12240426 501372 0 X X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 34762 34762 28909 5853 34762 1016920 1016920 8049802 1480722 6569080 460043 300851 159192 251303 162127 89176 7834368 ACCRUED INTEREST 32364 ACCRUED HOLDING LOSS ON INTEREST RATE SWAP 544775 577139 5020451 4519079 501372 501372 5242149 221698 221698 5020451 0 5020451 4740777 221698 221698 4519079 0 4519079 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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, 2012, 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 2008. PART XII, LINE 2D - OTHER ADJUSTMENTS: STAFF TUITION BENEFIT 220,738. LOSS ON DISPOSAL OF EQUIPMENT 960. PART XIII, LINE 2D - OTHER ADJUSTMENTS: STAFF TUITION BENEFIT 220,738. LOSS ON DISPOSAL OF EQUIPMENT 960. 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 83044 15500 67544 3657 266 25000 AUCTION 109886 33150 76736 6230 1150 16750 1 41845 28979 12866 180 2658 10350 3177 2651 234775 77629 157146 180 6315 10616 9407 1150 44401 72069 85077 8700 TUITION DISCOUNT KAREN BOLICK EMPLOYEE OF ORGANIZATION AND SPOUSE OF BOARD MEMBER 19007 PAYROLL 0 JON DION EMPLOYEE OF ORGANIZATION AND SON-IN-LAW OF FORMER SUPERINTENDENT 55887 PAYROLL 0 X ENERGY BRACELETS 1 25000 FAIR MARKET VALUE 0 0 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 TWO-YEAR TERMS. FORM 990, PART VI, SECTION A, LINE 7B THE CORPORATION MEMBERS VOTE EACH YEAR TO ELECT THE BOARD MEMBERS. BOARD MEMBERS SERVE TWO-YEAR TERMS. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED BY THE BUSINESS MANAGER, THE SUPERINTENDENT AND THE BOARD TREASURER 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 SUPERINTENDENT 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 SUPERINTENDENT. 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.