SANDHILLS INDEPENDENT SCHOOL CORP: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- SANDHILLS INDEPENDENT SCHOOL CORP (EIN 23-7125932)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2013-05-14
- IRS object ID
- 201321349349300607
- Schema version
- 2011v1.5
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-05-14T07:43:36-05:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 560570567 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DAVENPORT MARVIN JOYCE & COLLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 509 WEST MAIN STREET | AddressLine1 |
| City | SANFORD | City |
| State | NC | State |
| ZIP Code | 27332 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 237125932 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SANDHILLS INDEPENDENT SCHOOL CORPORATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | SAND | NameControl |
| Phone | 9106926920 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | P O BOX 290 | AddressLine1 |
| City | SOUTHERN PINES | City |
| State | NC | State |
| ZIP Code | 283880290 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | EDWARD T PHILLIPS | Name |
| Title | CFO | Title |
| Phone | 9106926920 | Phone |
| Date Signed | 2013-04-29 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | DONNA B JOHNSON CPA | Name |
| PTIN | P00176202 | PTIN |
| Phone | 9197744535 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
Doing Business As DoingBusinessAs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE O'NEAL SCHOOL | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | EDWARD T PHILLIPS | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | P O BOX 290 | AddressLine1 |
| City | SOUTHERN PINES | City |
| State | NC | State |
| ZIP Code | 283880290 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 6908931 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.ONEALSCHOOL.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1971 | YearFormation |
| State Legal Domicile | NC | StateLegalDomicile |
| Activity Or Mission Description | 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. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 20 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 20 | NbrIndependentVotingMembers |
| Total Nbr Employees | 149 | TotalNbrEmployees |
| Total Nbr Volunteers | 240 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 948894 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 191889 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 5966299 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 6387564 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 42014 | InvestmentIncomePriorYear |
| Investment Income Current Year | 46201 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 256970 | OtherRevenuePriorYear |
| Other Revenue Current Year | 222716 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 7214177 | TotalRevenuePriorYear |
| Total Revenue Current Year | 6848370 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 668505 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 779540 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 4179097 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 4133930 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 2433289 | OtherExpensePriorYear |
| Other Expenses Current Year | 2738466 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 7280891 | TotalExpensesPriorYear |
| Total Expenses Current Year | 7651936 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -66714 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -803566 | RevenuesLessExpensesCY |
| Total Assets BOY | 18034260 | TotalAssetsBOY |
| Total Assets EOY | 16406056 | TotalAssetsEOY |
| Total Liabilities BOY | 11792579 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 11246022 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 6241681 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 5160034 | NetAssetsOrFundBalancesEOY |
| Mission Description | 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. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 5144253 | Expense |
| Revenue | 6389576 | Revenue |
| Description | EDUCATION AND SCHOOL RELATED ACTIVITIES FOR GRADES PRE-K - 12TH SERVICING APPROXIMATELY 438 STUDENTS. | Description |
| Total Program Service Expense | 5144253 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 1 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 6 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 149 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 0 | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Number Of8282 Filed | 0 | NumberOf8282Filed |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 20 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 20 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | NC | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | EDWARD T PHILLIPS | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 9106926920 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3300 AIRPORT RD-PO BOX 290 28388 | AddressLine1 |
| City | SOUTHERN PINES | City |
| State | NC | State |
| ZIP Code | 28387 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (24 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer |
|---|---|---|---|---|---|---|
| DR PAMELA GUEST | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| SUSAN BALDELLI | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| DR ALLEN AVERBOOK | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| LINDLEY FLEURY | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| ROBERTA KING | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| DR CHRISTOPHER LEBER | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| LAURIE TREXLER | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| CHRISTA DUFFY | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| STUART MILLS | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| HU POSTON | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| DR MICHAEL HENRY | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| BILL HORNER | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| ROSA RONALTER | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| STEPHEN LATER | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| HOLLY FLOYD | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| STAN BRADSHAW | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| KONNI MCMURRAY | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| XAN SMITH | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| DR MATTHEW VREELAND | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| DR ZA'VETTE TATUM-KODZAI | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| ALAN BARR | ||||||
| HEADMASTER | 40.00 | 230140 | 0 | 46365 | X | |
| BRENDA B JACKSON | ||||||
| ASST. HEADMASTER & DIR. | 40.00 | 49860 | 0 | 7583 | X | |
| EDWARD T PHILLIPS | ||||||
| CFO | 40.00 | 110016 | 0 | 4340 | X | |
| JOHN MADDEN | ||||||
| DIRECTOR OF INSTITUTIONAL ADVANCEMENT | 40.00 | 88287 | 0 | 3657 | X | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 478303 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 61945 | TotalOtherCompensation |
| Number Individuals GT100 K | 2 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| All Other Contributions | 191889 | AllOtherContributions |
| Total Contributions | 191889 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| EDUCATION SERVICE & FE | 611600 | 5900357 | 5900357 |
| AUXILLARY SERVICES | 611600 | 228897 | 228897 |
Total Oth Program Service Revenue TotalOthProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 258310 | TotalRevenueColumn |
| Related Or Exempt Function Income | 258310 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 6387564 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 44189 | TotalRevenueColumn |
| Exclusion | $44,189 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 38745 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 0 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 38745 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 38745 | TotalRevenueColumn |
| Exclusion | $38,745 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 2993 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 981 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 2012 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2012 | TotalRevenueColumn |
| Exclusion | $2,012 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 243551 | GrossIncomeFundraisingEvents |
| Fundraising Direct Expenses | 59580 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 183971 | TotalRevenueColumn |
| Exclusion | $183,971 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 6848370 | TotalRevenueColumn |
| Related Or Exempt Function Income | 6387564 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $268,917 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 779540 | Total |
| Program Services | 779540 | ProgramServices |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3569281 | Total |
| Program Services | 2597748 | ProgramServices |
| Management And General | 971533 | ManagementAndGeneral |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 34894 | Total |
| Program Services | 25723 | ProgramServices |
| Management And General | 9171 | ManagementAndGeneral |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 260695 | Total |
| Program Services | 173620 | ProgramServices |
| Management And General | 87075 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 269060 | Total |
| Program Services | 200036 | ProgramServices |
| Management And General | 69024 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 16500 | Total |
| Management And General | 16500 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 27822 | Total |
| Management And General | 27822 | ManagementAndGeneral |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 12183 | Total |
| Program Services | 12183 | ProgramServices |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9403 | Total |
| Program Services | 2512 | ProgramServices |
| Management And General | 6891 | ManagementAndGeneral |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 377614 | Total |
| Management And General | 377614 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 561759 | Total |
| Program Services | 561759 | ProgramServices |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 72573 | Total |
| Management And General | 72573 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| UTILITIES, INSURANCE AN | 393895 | 45567 | 348328 |
| FACULTY REMISSION | 204087 | 204087 | |
| PROFESSIONAL DUES, PUBL | 193261 | 1013 | 192248 |
| MATERIALS AND SUPPLIES | 166776 | 124273 | 42503 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 702593 | Total |
| Program Services | 416192 | ProgramServices |
| Management And General | 286401 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7651936 | Total |
| Program Services | 5144253 | ProgramServices |
| Management And General | 2507683 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1141774 | BOY |
| EOY | 545992 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 497343 | BOY |
| EOY | 423647 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1422728 | BOY |
| EOY | 935520 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 89335 | BOY |
| EOY | 74822 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4500 | BOY |
| EOY | 0 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 132372 | BOY |
| EOY | 99557 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 16719764 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 4477568 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12644674 | BOY |
| EOY | 12242196 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2101534 | BOY |
| EOY | 2084322 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 18034260 | BOY |
| EOY | 16406056 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 450778 | BOY |
| EOY | 438051 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1911641 | BOY |
| EOY | 1446618 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8835000 | BOY |
| EOY | 8435000 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 80505 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 595160 | BOY |
| EOY | 845848 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11792579 | BOY |
| EOY | 11246022 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4631177 | BOY |
| EOY | 3545261 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 596804 | BOY |
| EOY | 614338 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1013700 | BOY |
| EOY | 1000435 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6241681 | BOY |
| EOY | 5160034 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 18034260 | BOY |
| EOY | 16406056 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -803566 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -278081 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 1439197 | BeginningOfYearBalance |
| Contributions | 821 | Contributions |
| Investment Earnings Or Losses | 9459 | InvestmentEarningsOrLosses |
| Other Expenditures | 14087 | OtherExpenditures |
| Administrative Expenses | 4100 | AdministrativeExpenses |
| End Of Year Balance | 1431290 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 1167012 | BeginningOfYearBalance |
| Contributions | 4835 | Contributions |
| Investment Earnings Or Losses | 270950 | InvestmentEarningsOrLosses |
| Administrative Expenses | 3600 | AdministrativeExpenses |
| End Of Year Balance | 1439197 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 1104797 | BeginningOfYearBalance |
| Contributions | 2017 | Contributions |
| Investment Earnings Or Losses | 132248 | InvestmentEarningsOrLosses |
| Other Expenditures | 43850 | OtherExpenditures |
| Administrative Expenses | 28200 | AdministrativeExpenses |
| End Of Year Balance | 1167012 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 1418858 | BeginningOfYearBalance |
| Contributions | 5343 | Contributions |
| Investment Earnings Or Losses | -230441 | InvestmentEarningsOrLosses |
| Other Expenditures | 60000 | OtherExpenditures |
| Administrative Expenses | 28963 | AdministrativeExpenses |
| End Of Year Balance | 1104797 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Permanent Endowment EOY Balance | 1.00000 | PermanentEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 1 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 238215 | OtherCostOrOtherBasis |
| Book Value | 238215 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 14587127 | OtherCostOrOtherBasis |
| Depreciation | 3624145 | Depreciation |
| Book Value | 10962982 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1734856 | OtherCostOrOtherBasis |
| Depreciation | 778049 | Depreciation |
| Book Value | 956807 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 159566 | OtherCostOrOtherBasis |
| Depreciation | 75374 | Depreciation |
| Book Value | 84192 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 12242196 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | INTEREST RATE SWAP | Description |
| Amount | $845,848 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 845848 | TotalOfAmounts |
| Total Revenue | 6848370 | TotalRevenue |
| Total Expenses | 7651936 | TotalExpenses |
| Excess Or Deficit For Year | -803566 | ExcessOrDeficitForYear |
| Other | -$278,081 | OtherAmount |
| Total Adjustments | -278081 | TotalAdjustments |
| Excess Or Deficit Per FS | -1081647 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 7821707 | TotRevenueEtcAuditedFinclStmt |
| Other Revenues | 1211830 | OtherRevenues |
| Revenue Not Rptd F990 | 1211830 | RevenueNotRptdF990 |
| Revenue Subtotal | 6609877 | RevenueSubtotal |
| Other Revenues Not Included | 238493 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 238493 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 6848370 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 7962204 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 250688 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 250688 | ExpensesNotRptdF990 |
| Expenses Subtotal | 7711516 | ExpensesSubtotal |
| Other Expenses Not Included | -59580 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | -59580 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 7651936 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (3 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| 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 8 - OTHER ADJUSTMENTS: | CHANGE IN MARKET VALUE OF INVESTMENTS -27,393. UNREALIZED LOSS ON INTEREST RATE SWAP -250,688. TOTAL TO SCHEDULE D, PART XI, LINE 8: -278,081. | |
| ADJUSTMENTS ON SCHEDULE D PART XI, LINE 8 ARE DUE TO CHANGES IN NET ASSETS - CHANGE IN MARKET VALUE OF INVESTMENTS $27,393 AND UNREALIZED LOSS OF INTEREST RATE SWAP $250,688. OTHER REVENUE PART XII, LINE 2D - SATISFACTION OF PROGRAM REQUIREMENTS $1,211,830. PART XII, LINE 4B - FUNDRAISING EXPENSES ($59,580), CONTRIBUTIONS-TEMPORARILY RESTRICTED $129,054, STUDENTS SCHOLARSHIPS - $60,800 INCOME FROM LT INVESTMENTS $46,097, CONTRIBUTIONS-PERMANENTLY RESTRICTED - $821, FUNDRAISING REVENUE - $61,300, ROUNDING $1. OTHER EXPENSES PART XIII, LINE 2D - UNREALIZED GAIN ON INTEREST RATE SWAP ($250,688) PART XII, LINE 4B - FUNDRAISING EXPENSES (INCOME INCLUDED NET INCOME) $-59,580. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 0 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Form990 Schedule E Part II Form990ScheduleEPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION | Identifier |
| Return Reference | SCHEDULE E, PART I, LINE 3 | ReturnReference |
| Explanation | ADVERTISEMENTS IN THE LOCAL NEWSPAPERS | Explanation |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | AUCTION | NameOfEvent1 |
| Gross Receipts Event1 | 243551 | GrossReceiptsEvent1 |
| Gross Revenue Event1 | 243551 | GrossRevenueEvent1 |
| Other Direct Expenses Event1 | 59580 | OtherDirectExpensesEvent1 |
| Gross Receipts Total | 243551 | GrossReceiptsTotal |
| Gross Revenue Total Events | 243551 | GrossRevenueTotalEvents |
| Other Direct Expenses Total Events | 59580 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 59580 | DirectExpenseSummaryEvents |
| Net Income Summary | 183971 | NetIncomeSummary |
| Field | Value | IRS element (for citing) |
|---|---|---|
| States Where Gaming Conducted | NC | StatesWhereGamingConducted |
| Licensed | 0 | Licensed |
| Explanation If No | THE SCHOOL CONDUCTS A RAFFLE AS PART OF THEIR 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. | ExplanationIfNo |
| License Suspended Etc | 0 | LicenseSuspendedEtc |
| Gaming With Nonmembers | 0 | GamingWithNonmembers |
| Member Of Other Entity | 0 | MemberOfOtherEntity |
| Contract With3rd Party For Gam Rev | 0 | ContractWith3rdPartyForGamRev |
| Charitable Distrib Required | 0 | CharitableDistribRequired |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | FINANCIAL AID | TypeOfGrant |
| Number Of Recipients | 109 | NumberOfRecipients |
| Amount Of Cash Grant | 766240 | AmountOfCashGrant |
| Method Of Valuation | OTHER - AMOUNT OF FINANCIAL AID GIVEN IS NEED BASED AND VARIES | MethodOfValuation |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | 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. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Club Dues Or Fees | X | ClubDuesOrFees |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | ALAN BARR | NamePerson |
| Base Compensation Filing Org | 195920 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 0 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 10100 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 24120 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 0 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 46365 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 276505 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 0 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NC EDUCATION FACILITIES FINANCE AGENCY-EDUCATIONAL FACILITIES REVENUE BOND | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Issuer EIN | 561592154 | IssuerEIN |
| CUSIP Number | 65818PER6 | CUSIPNumber |
| Date Issued | 2007-03-22 | DateIssued |
| Issue Price | 10000000 | IssuePrice |
| Description Of Purpose | REFUNDING OF EXISTING BONDS AND CONSTRUCTION | DescriptionOfPurpose |
| Defeased | 0 | Defeased |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Pool Financing | 0 | PoolFinancing |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Refunding | 0 | CurrentRefunding |
| Advance Refunding | 0 | AdvanceRefunding |
| Final Allocation Made | 0 | FinalAllocationMade |
| Adequate Books And Recds Maintaind | 0 | AdequateBooksAndRecdsMaintaind |
Form990 Schedule K Part III Form990ScheduleKPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Owning Bond Financed Property | 0 | OwningBondFinancedProperty |
| Any Lease Arrangements | 0 | AnyLeaseArrangements |
| Mngment Cntrct Bond Financd Prprty | 0 | MngmentCntrctBondFinancdPrprty |
| Any Research Agreements | 0 | AnyResearchAgreements |
| Post Issuance Compliance Procdrs | 0 | PostIssuanceComplianceProcdrs |
Form990 Schedule K Part IV Form990ScheduleKPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8038 T Filed | 0 | Form8038TFiled |
| Variable Rate Issue | 1 | VariableRateIssue |
| Hedge Identified In Books And Recds | 0 | HedgeIdentifiedInBooksAndRecds |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGIC |
| Gross Proceeds Invested | 0 | GrossProceedsInvested |
| Exception To Rebate | 0 | ExceptionToRebate |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (5 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| 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 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 ASSISTANT HEADMASTER & DIRECTOR OF INSTITUATIONAL 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 THEIR SUPERVISOR OR HEADMASTER OR OTHER DIRECTOR/MANAGER/SUPERVISOR THEY FEEL COMFORTABLE SPEAKING. 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. | |
| FORM 990, PART XI, LINE 5: | CHANGE IN MARKET VALUE OF INVESTMENTS -27,393. UNREALIZED LOSS ON INTEREST RATE SWAP -250,688. TOTAL TO FORM 990, PART XI, LINE 5: -278,081. | CHANGES IN NET ASSETS OR FUND BALANCES: |