2013-05-14T07:43:36-05:00 2012-06-30 560570567 DAVENPORT MARVIN JOYCE & COLLP 509 WEST MAIN STREET SANFORD NC 27332 990 2011-07-01 237125932 SANDHILLS INDEPENDENT SCHOOL CORPORATION SAND 9106926920 P O BOX 290 SOUTHERN PINES NC 283880290 EDWARD T PHILLIPS 9106926920 2013-04-29 1 DONNA B JOHNSON CPA P00176202 9197744535 2011 2016-02-24 21:20:13Z THE O'NEAL SCHOOL EDWARD T PHILLIPS P O BOX 290 SOUTHERN PINES NC 283880290 6908931 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 20 149 240 0 0 948894 191889 5966299 6387564 42014 46201 256970 222716 7214177 6848370 668505 779540 0 0 4179097 4133930 0 0 0 2433289 2738466 7280891 7651936 -66714 -803566 18034260 16406056 11792579 11246022 6241681 5160034 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 5144253 6389576 EDUCATION AND SCHOOL RELATED ACTIVITIES FOR GRADES PRE-K - 12TH SERVICING APPROXIMATELY 438 STUDENTS. 5144253 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 6 0 1 149 1 0 0 0 0 0 1 0 0 0 0 0 0 X 20 20 0 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 DR ALLEN AVERBOOK 1.00 X 0 0 0 LINDLEY FLEURY 1.00 X 0 0 0 ROBERTA KING 1.00 X 0 0 0 DR CHRISTOPHER LEBER 1.00 X 0 0 0 LAURIE TREXLER 1.00 X 0 0 0 CHRISTA DUFFY 1.00 X 0 0 0 STUART MILLS 1.00 X 0 0 0 HU POSTON 1.00 X 0 0 0 DR MICHAEL HENRY 1.00 X 0 0 0 BILL HORNER 1.00 X 0 0 0 ROSA RONALTER 1.00 X 0 0 0 STEPHEN LATER 1.00 X 0 0 0 HOLLY FLOYD 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 ALAN BARR 40.00 X 230140 0 46365 BRENDA B JACKSON 40.00 X 49860 0 7583 EDWARD T PHILLIPS 40.00 X 110016 0 4340 JOHN MADDEN 40.00 X 88287 0 3657 478303 0 61945 2 0 1 0 0 191889 191889 EDUCATION SERVICE & FE 611600 5900357 5900357 AUXILLARY SERVICES 611600 228897 228897 258310 258310 6387564 44189 44189 38745 0 38745 38745 38745 2993 981 2012 2012 2012 243551 59580 183971 183971 6848370 6387564 0 268917 779540 779540 3569281 2597748 971533 34894 25723 9171 260695 173620 87075 269060 200036 69024 16500 16500 27822 27822 12183 12183 9403 2512 6891 377614 377614 561759 561759 72573 72573 UTILITIES, INSURANCE AN 393895 45567 348328 FACULTY REMISSION 204087 204087 PROFESSIONAL DUES, PUBL 193261 1013 192248 MATERIALS AND SUPPLIES 166776 124273 42503 702593 416192 286401 7651936 5144253 2507683 0 1141774 545992 497343 423647 1422728 935520 89335 74822 4500 0 132372 99557 16719764 4477568 12644674 12242196 2101534 2084322 18034260 16406056 450778 438051 1911641 1446618 8835000 8435000 80505 595160 845848 11792579 11246022 X 4631177 3545261 596804 614338 1013700 1000435 6241681 5160034 18034260 16406056 X -803566 -278081 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 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 238215 238215 14587127 3624145 10962982 1734856 778049 956807 159566 75374 84192 12242196 INTEREST RATE SWAP 845848 845848 6848370 7651936 -803566 -278081 -278081 -1081647 7821707 1211830 1211830 6609877 238493 238493 6848370 7962204 250688 250688 7711516 -59580 -59580 7651936 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. 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 243551 243551 59580 243551 243551 59580 59580 183971 NC 0 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. 0 0 0 0 0 1 FINANCIAL AID 109 766240 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 ALAN BARR 195920 0 10100 0 24120 0 0 0 46365 0 276505 0 0 0 NC EDUCATION FACILITIES FINANCE AGENCY-EDUCATIONAL FACILITIES REVENUE BOND 561592154 65818PER6 2007-03-22 10000000 REFUNDING OF EXISTING BONDS AND CONSTRUCTION 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 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. CHANGES IN NET ASSETS OR FUND BALANCES: 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.