2013-05-14T08:52:57-05:00 2012-06-30 570381582 ELLIOTT DAVIS PLLC 700 EAST MOREHEAD STREET SUITE 400 CHARLOTTE NC 28202 990 2011-07-01 591356847 COMMUNITY SCHOOL OF THE ARTS COMM 7043774187 345 N COLLEGE STREET SUITE 413 CHARLOTTE NC 28202 JULIE K SZEKER 7043774187 2013-05-13 1 LEAH R MAYBRY P00645362 7043338881 2011 2016-02-24 21:20:13Z JULIE K SZEKER 345 N COLLEGE ST SUITE 413 CHARLOTTE NC 28202 1169276 0 X WWW.CSARTS.ORG X 1969 NC TRANSFORMING LIVES AND INSPIRING COMMUNITY THROUGH OUTSTANDING AND ACCESSIBLE ARTS EDUCATION. 22 22 8 60 0 0 491794 557858 546216 609227 17765 -2665 399 169 1056174 1164589 84150 78959 0 0 339306 364196 0 0 155000 643217 744570 1066673 1187725 -10499 -23136 694880 679580 104179 118102 590701 561478 THE SCHOOL TEACHES MUSIC AND ART TO STUDENTS OF ALL SOCIOECONOMIC BACKGROUNDS, OFFERING FINANCIAL ASSISTANCE, SCHOLARSHIPS AND FREE OUTREACH PROGRAMS TO HONOR ITS FOUNDING MISSION TO MAKE HIGH-QUALITY ARTS INSTRUCTION AVAILABLE TO ALL. 0 0 711452 72314 465767 MUSIC AND ART INSTRUCTION & OUTREACH MUSIC: THIS INCLUDES PRIVATE AND GROUP MUSIC CLASSES TO ALL AGES, INCLUDING PRIVATE LESSONS, ORCHESTRA, ENSEMBLES, MASTER CLASSES AND WORKSHOPS USING NATIONALLY RESPECTED FACULTY. PRIVATE AND GROUP VISUAL ARTS PROGRAMS INCLUDE PRIVATE ART LESSONS, POTTERY, PAINTING, DRAWING AND VISUAL ART WORKSHOPS. NEED-BASED FINANCIAL AID FOR MUSIC AND ART STUDENTS CONTINUES TO EXPAND, AS DO 100% FUNDED OUTREACH MUSIC PROGRAMS. 173169 6646 143460 EARLY ARTS/SUMMER CAMPS: MUSIC AND ARTS CLASSES ARE PROVIDED TO YOUNG CHILDREN TO INTRODUCE THEM TO THE ARTS THROUGH PRESCHOOL ARTS LAB, MUSIC READINESS, MUSIC AROUND AND OTHER AGE-APPROPRIATE INSTRUCTION CLASSES. 6585 0 0 ARTSREACH: MUSIC AND ARTS CLASSES ARE TAUGHT TO AT-RISK STUDENTS IN LOW-INCOME COMMUNITIES, ALL AT NO COST TO THE STUDENTS OR THEIR FAMILIES. 891206 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 X 63 0 1 8 1 0 0 0 0 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X BLACKWOOD FINANCE ACCOUNTING INC 7043646224 7804 FAIRVIEW ROAD SUITE 109 CHARLOTTE NC 28226 AMELIA ABBOTT 1.00 X X 0 0 0 HENRY BRIDGES 1.00 X 0 0 0 DEBONY S BURROWES 1.00 X 0 0 0 GEORGE W CAMPBELL JR 1.00 X 0 0 0 BRENDA CHRISTMON 1.00 X 0 0 0 BLAKE A CLIFTON 1.00 X 0 0 0 CRAIG DELUCIA 1.00 X X 0 0 0 DONALD H DENTON III 1.00 X 0 0 0 JEFF DOUGLAS 1.00 X 0 0 0 ALAN F FLYNN III 1.00 X 0 0 0 CAROL C HAMRICK 1.00 X 0 0 0 DANIELLE M HUTCHESON 1.00 X X 0 0 0 ANNE J MCPHAIL 1.00 X 0 0 0 CAROLYN A MULLINS 1.00 X 0 0 0 MARK OSBORN 1.00 X 0 0 0 MORGAN H ROGERS 1.00 X 0 0 0 SCOTT STEVENS 1.00 X X 0 0 0 JULIE K SZEKER 1.00 X X 0 0 0 HARRIETTE L THOMPSON 1.00 X 0 0 0 BURNET TUCKER 1.00 X 0 0 0 BILL WILLIAMS 1.00 X X 0 0 0 KRISTI KESSLER WALTERS 1.00 X X 0 0 0 ANDREA STEVENSON 40.00 X 97702 0 7478 97702 0 7478 0 0 0 0 0 262845 12250 282763 557858 MUSIC & ART PROGRAMS 900099 609227 609227 609227 2022 2022 4687 -4687 -4687 -4687 0 12250 0 0 OTHER INCOME 900099 169 169 169 1164589 609396 0 -2665 78959 78959 97702 58622 19540 19540 220781 202442 16974 1365 19536 12129 3631 3776 26177 16252 4865 5060 459151 316500 43984 98667 70421 70421 24741 24741 13252 3803 1977 7472 22249 20747 1502 8807 8807 SUPPLIES & MATERIALS 38049 34069 3980 0 STUDENT OUTREACH 20081 20081 0 0 PRINTING, GRAPHIC DESIG 16617 4616 8657 3344 EQUIPMENT RENTAL & MAIN 12272 0 12272 0 58930 27824 15330 15776 1187725 891206 141519 155000 31381 26745 126624 119431 5000 3750 16596 26985 13500 13500 2606 3671 287280 139882 162377 147398 336796 338100 694880 679580 5733 3947 98446 114155 104179 118102 X 262055 229905 75455 78382 253191 253191 590701 561478 694880 679580 X -23136 -6087 X X 0 1 1 X 0 X 334796 20312 -8752 10048 336308 286249 56746 8199 334796 265368 30880 9999 286249 334595 -55232 13995 265368 0.04000 0.96000 0 0 11922 5962 5960 275358 133920 141438 147398 OTHER BENEFICIAL INTEREST IN TRUSTS 213370 C EQUITIES 76905 C FIXED INCOME 27495 C PRIVATE INVESTMENT FUNDS 18330 C PREFERRED STOCK 2000 C 338100 1164589 1187725 -23136 -6087 -6087 -29223 1135413 49783 49783 1085630 78959 78959 1164589 1158549 49783 49783 1108766 78959 78959 1187725 PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN BENEFICIAL INTERESTS IN TRUSTS -6,087. PART V, LINE 4 - DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS - THE SCHOOL ONLY USES THE "SPENDABLE INCOME" PORTION OF THE ITS CSA ENDOWMENT FUNDS HELD IN TRUST AND THE FUNDS ARE USED FOR BASIC OPERATIONS. INTEREST INCOME FROM OTHER ENDOWMENT FUNDS IS USED FOR SPECIFIED PURPOSES AS DIRECTED BY THE DONORS. PART XII, LINE 4B - TUITION ASSISTANCE ($78,959) - THE AUDITED FINANCIAL STATEMENTS LIST THE TUITION ASSISTANCE EXPENSE AS A REDUCTION OF INCOME. HOWEVER, FOR THE FORM 990, THIS AMOUNT IS CONSIDERED A PROGRAM EXPENSE FOR THE PURPOSE OF CONTINUING THE NON-PROFIT'S FUNCTION PART XIII, LINE 4B - TUITION ASSISTANCE ($78,959) - THE AUDITED FINANCIAL STATEMENTS LIST THE TUITION ASSISTANCE EXPENSE AS A REDUCTION OF INCOME. HOWEVER, FOR THE FORM 990, THIS AMOUNT IS CONSIDERED A PROGRAM EXPENSE FOR THE PURPOSE OF CONTINUING THE NON-PROFIT'S FUNCTION. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 SCHOOL MATERIALS EMPHASIZE INCLUSION AND ACCESSIBILITY, SUPPORTING THE SCHOOL'S STATED MISSION. THE SCHOOL'S BOARD AND STAFF ALSO HAVE AFFIRMED SIX CORE ORGANIZATIONAL VALUES THAT INCLUDE BOTH ACCESSIBILTITY AND DIVERSITY. EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVED A GRANT FROM THE NORTH CAROLINA ARTS COUNCIL, WHICH IS A STATE GOVERNMENT ORGANIZATION, TO PAY FOR GENERAL OPERATING COSTS. 1 TUITION ASSISTANCE 78959 SCHEDULE I, PART I, LINE 2: STUDENTS RECEIVING FINANCIAL AID AND MERIT SCHOLARSHIPS ARE MONITORED CAREFULLY TO ENSURE THAT SUPPORT FUNDS ARE EFFECTIVELY SPENT. STUDENTS' SKILLS ARE EVALUATED IN WRITING AT THE START OF EACH SCHOOL YEAR. DETAILED COMMENTS AND A DEVELOPMENT PLAN ARE PROVIDED TO STUDENTS AND THEIR PARENTS AND REVIEWED BY THE SCHOOL'S PROGRAM DIRECTOR. THEIR PROGRESS IS THEN RE-EVALUATED AT THE START OF THE SPRING SEMESTER AND EVALUATED AT THE END OF EACH SCHOOL YEAR THROUGH A FORM THAT MEASURES COMMITMENT, WORK ETHIC, AND TECHNICAL IMPROVEMENT. THE PROGRAM DIRECTOR TRACKS ATTENDANCE OF THE FINANCIAL AID AND SCHOLARSHIP STUDENTS AT LESSONS. A PROFESSIONAL MUSICIAN HERSELF, THE PROGRAM DIRECTOR ALSO LISTENS TO AND EVALUATES EACH STUDENT AT SEMI-ANNUAL RECITALS. SCHOLARSHIP STUDENTS ENJOY MANY OTHER OPPORTUNITIES TO BE HEARD AND EVALUATED THROUGHOUT THE YEAR, INCLUDING PRIVATE PERFORMANCES AND FUNDRAISING EVENTS. WHEN THE SCHOOL SEES EVIDENCE THAT STUDENTS ARE NOT ATTENDING THEIR LESSONS OR PRACTICING REGULARLY, IT DECLINES TO RENEW STUDENTS' FINANCIAL AID FOR THE FOLLOWING YEAR. BACKUP WITHHOLDING FORMS FORM 990, PART V, LINE 1C THE SCHOOL DID NOT HAVE ANY REPORTABLE PAYMENTS TO VENDORS OR REPORTABLE GAMING WINNINGS TO PRIZE WINNERS. THEREFORE, THE BACKUP WITHHOLDING RULES DO NOT APPLY. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED IN DETAIL BY THE FINANCE DIRECTOR, EXECUTIVE DIRECTOR, AND THE FINANCE COMMITTEE. UPON APPROVAL, THE FINANCE COMMITTEE PRESENTS IT TO THE FULL BOARD FOR THEIR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C EACH SUMMER, THE SCHOOL'S GOVERNANCE COMMITTEE REVIEWS THE CONFLICT OF INTEREST POLICY BEFORE SENDING IT TO THE BOARD MEMBERS AT THE START OF THE NEW FISCAL YEAR. THE BOARD MEMBERS ARE REQUIRED TO SIGN FORMS CONFIRMING THEIR UNDERSTANDING OF THE SCHOOL AND DISCLOSING ALL AFFILIATIONS THAT COULD BE POTENTIAL CONFLICTS OF INTERESTS. THEY THEN MUST RETURN THE FORMS TO THE SCHOOL'S OFFICE BY EARLY FALL. IN THE EVENT OF A BOARD CONFLICT SURROUNDING A DECISION POINT, IF THERE IS A BOARD MEMBER WHO HAS AN INTEREST OR STAKE IN THE DECISION POINT CONFLICT, HE OR SHE MUST EXCUSE HIMSELF/HERSELF FROM ANY VOTE OR CONSENSUS DISCUSSION ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE DIRECTOR IS GIVEN A COMPREHENSIVE ANNUAL PERFORMANCE REVIEW. AS PART OF THIS PROCESS, HER COMPENSATION MAY BE REVIEWED BY THE BOARD CHAIR, THE GOVERNANCE COMMITTEE CHAIR, AND OTHER MEMBERS OF THE EXECUTIVE COMMITTEE IN LIGHT OF THE BUDGET REALITIES IN A GIVEN YEAR. ANY INCREASE OR REDUCTION TO EXECUTIVE COMPENSATION, INCLUDING ALL BENEFITS AND BONUSES, MUST BE APPROVED BY THE EXECUTIVE COMMITTEE AND THE BOARD AS PART OF THE ANNUAL BUDGETING PROCESS. TO DETERMINE APPROPRIATE COMPENSATION, THE SCHOOL USES COMPARABLE DATA FROM OTHER NOT-FOR-PROFIT ORGANIZATIONS IN THE AREA OF SIMILAR SIZE AND FOR SIMILAR LEVEL OF RESPONSIBILITY OF THE OFFICER POSITION, AS WELL AS CONSIDERS THE EXPERIENCE LEVEL AND PRIOR SALARY HISTORY OF THE INDIVIDUAL. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: CHANGE IN BENEFICIAL INTERESTS IN TRUSTS -6,087. TOTAL TO FORM 990, PART XI, LINE 5: -6,087. REVIEW POLICY FORM 990, PART XI, LINE 2C THE FORM 990 IS REVIEWED IN DETAIL BY THE FINANCE DIRECTOR, EXECUTIVE DIRECTOR, AND THE FINANCE COMMITTEE. THE FINANCE COMMITTEE APPROVES AND PRESENTS TO THE FULL BOARD FOR THEIR REVIEW AND APPROVAL.