2012-05-10T10:45:06-05:00 2011-06-30 DAVENPORT MARVIN JOYCE & COLLP 509 WEST MAIN STREET SANFORD NC 27332 990 2010-07-01 237125932 SANDHILLS INDEPENDENT SCHOOL CORPORATION SAND 9106926920 PO BOX 290 SOUTHERN PINES NC 283880290 EDWARD T PHILLIPS 9106926920 2012-05-10 1 DONNA B JOHNSON CPA 9197744535 2010 2016-02-24 21:20:13Z THE O'NEAL SCHOOL EDWARD T PHILLIPS PO BOX 290 SOUTHERN PINES NC 283880290 7272701 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. 19 19 132 225 0 0 821507 948894 6065742 5966299 64638 42014 187728 256970 7139615 7214177 664053 668505 0 0 4095331 4179097 0 0 0 2321420 2433289 7080804 7280891 58811 -66714 17919646 18034260 12060097 11792579 5859549 6241681 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 5030834 5966299 EDUCATION AND SCHOOL RELATED ACTIVITIES FOR GRADES PRE-K - 12TH SERVICING APPROXIMATELY 418 STUDENTS. 5030834 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 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 7 0 1 132 1 0 0 0 0 0 1 0 0 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X EDWARD T PHILLIPS 9106926920 3300 AIRPORT RD-PO BOX 290 28388 SOUTHERN PINES NC 28387 TERRY BROWN 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 ALICE ROBBINS 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 ALAN BARR 40.00 X 220145 0 41508 BRENDA B JACKSON 40.00 X 84260 0 22184 EDWARD T PHILLIPS 40.00 X 95301 0 4522 399706 0 68214 1 0 1 0 0 948894 293308 948894 EDUCATION SERVICE & FE 611600 5522383 5522383 AUXILLARY SERVICES 611600 195221 195221 248695 248695 5966299 43541 43541 25700 25700 25700 25700 1527 -1527 -1527 -1527 288267 56997 231270 231270 7214177 5966299 0 298984 668505 668505 452421 452421 3231319 2588743 642576 220553 191377 29176 274804 201038 73766 16000 16000 26524 26524 15268 15268 21603 18008 3595 517361 517361 540295 540295 66454 66454 UTILITIES, INSURANCE AN 288307 37245 251062 FACULTY REMISSION 195215 195215 MATERIALS AND SUPPLIES 133448 93356 40092 TRANSPORTATION 123639 123639 CLASS TRIP AND RETREAT 109691 109691 379484 248454 131030 7280891 5030834 2250057 0 758622 1141774 738914 497343 1270315 1422728 62238 89335 9000 4500 86063 23424 16608729 3964055 13111417 12644674 1883077 2210482 17919646 18034260 555970 450778 1573531 1911641 9235000 8835000 695596 595160 12060097 11792579 X 4230272 4631177 620412 596804 1008865 1013700 5859549 6241681 17919646 18034260 X -66714 448845 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1167012 4835 270950 3600 1439197 1104797 2017 132248 43850 28200 1167012 1418858 5343 -230441 60000 28963 1104797 0.58100 0.41900 1 0 238215 238215 14558185 14558185 1751813 1751813 60516 3964055 -3903539 12644674 INTEREST RATE SWAP 595160 595160 7214177 7280891 -66714 448845 448845 382131 7290113 977857 977857 6312256 901921 901921 7214177 7534006 196119 196119 7337887 -56997 -56997 7280890 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. ADJUSTMENTS ON SCHEDULE D PART XI, LINE 8 ARE DUE TO CHANGES IN NET ASSETS - CHANGE IN MARKET VALUE OF INVESTMENTS $348,409 AND UNREALIZED GAIN OF INTEREST RATE SWAP $100,436. OTHER REVENUE PART XII, LINE 2D - SATISFACTION OF PROGRAM REQUIREMENTS $977,857. PART XII, LINE 4B - FUNDRAISING EXPENSES ($56,997), CONTRIBUTIONS-TEMPORARILY RESTRICTED $868,033, STUDENTS SCHOLARSHIPS - $44,700, INCOME FROM LT INVESTMENTS $41,350, CONTRIBUTIONS-PERMANENTLY RESTRICTED - $4,835. OTHER EXPENSES PART XIII, LINE 2D - UNREALIZED GAIN ON INTEREST RATE SWAP ($100,436), TRANSFER TO OPER FUND $296,555. PART XII, LINE 4B - FUNDRAISING EXPENSES (INCOME INCLUDED NET INCOME) $-56,997. 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 288267 288267 56997 288267 288267 56997 56997 231270 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. THIS IS A PART OF A "BUSINESS ALLIANCE" PROGRAM. 0 0 0 0 0 1 FINANCIAL AID 101 668505 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. 1 X X X X 0 0 0 0 0 0 0 0 0 ALAN BARR 185925 0 10100 0 24120 0 0 0 0 0 220145 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 ALAN BARR PAYMENT OF TRANSFER FEE TO PINEWILD COUNTRY CLUB X 13500 4500 0 1 1 4500 X 6 293308 MARKET VALUE 0 1 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, THE EXECUTIVE COMMITTEE OF THE BOARD PERFORMED REVIEWS AND DECIDED 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 348,409. UNREALIZED LOSS ON INTEREST RATE SWAP 100,436. TOTAL TO FORM 990, PART XI, LINE 5: 448,845.