NORTH CROSS SCHOOL: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- NORTH CROSS SCHOOL (EIN 54-0699572)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2012-12-12
- IRS object ID
- 201223479349300802
- Schema version
- 2011v1.2
- 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 L
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-12-12T15:18:03-06:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 560574444 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHERRY BEKAERT & HOLLAND LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 410 FIRST STREET | AddressLine1 |
| City | ROANOKE | City |
| State | VA | State |
| ZIP Code | 24011 | 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 | 540699572 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NORTH CROSS SCHOOL | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | NORT | NameControl |
| Phone | 5409896641 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4254 COLONIAL AVE SW | AddressLine1 |
| City | ROANOKE | City |
| State | VA | State |
| ZIP Code | 24018 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | KAREN M LIST | Name |
| Title | DIRECTOR OF FINANCE | Title |
| Phone | 5409896641 | Phone |
| Date Signed | 2012-12-07 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | F FULTON GALER | Name |
| PTIN | P00296103 | PTIN |
| Phone | 5403426911 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | KAREN M LIST | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4254 COLONIAL AVE SW | AddressLine1 |
| City | ROANOKE | City |
| State | VA | State |
| ZIP Code | 24018 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 7003291 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.NORTHCROSS.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1944 | YearFormation |
| State Legal Domicile | VA | StateLegalDomicile |
| Activity Or Mission Description | A NON-SECTARIAN, INDEPENDENT, CO-EDUCATIONAL COLLEGE PREPATORY DAY SCHOOL, SERVICING GRADES PRE-KINDERGARTEN THROUGH TWELVE. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 18 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 17 | NbrIndependentVotingMembers |
| Total Nbr Employees | 263 | TotalNbrEmployees |
| Total Nbr Volunteers | 17 | TotalNbrVolunteers |
| Total Gross UBI | 205501 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -28051 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 1128799 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 1100825 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 5948464 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 5701557 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 694607 | InvestmentIncomePriorYear |
| Investment Income Current Year | 6763 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 73551 | OtherRevenuePriorYear |
| Other Revenue Current Year | 119838 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 7845421 | TotalRevenuePriorYear |
| Total Revenue Current Year | 6928983 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 6500 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 5032049 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 4511225 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 237458 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 3271172 | OtherExpensePriorYear |
| Other Expenses Current Year | 2165008 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 8303221 | TotalExpensesPriorYear |
| Total Expenses Current Year | 6682733 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -457800 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 246250 | RevenuesLessExpensesCY |
| Total Assets BOY | 11446381 | TotalAssetsBOY |
| Total Assets EOY | 11617440 | TotalAssetsEOY |
| Total Liabilities BOY | 1873592 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 1768336 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 9572789 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 9849104 | NetAssetsOrFundBalancesEOY |
| Mission Description | THE ORGANIZATION IS A NON-SECTARIAN, INDEPENDENT, CO-EDUCATIONAL COLLEGE PREPATORY DAY SCHOOL SERVING GRADES PRE-KINDERGARTEN THROUGH TWELVE. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 5766994 | Expense |
| Revenue | 5496056 | Revenue |
| Description | WE OPERATE A PRIVATE SCHOOL FOR APPROXIMATELY 545 STUDENTS K-12. | Description |
| Total Program Service Expense | 5766994 | 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 | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | 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 | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 1 | 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 | 9 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 263 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| 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 | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| 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 | 18 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 17 | 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 | VA | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | KAREN MLIST | NamePerson |
| Telephone Number | 5409896641 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4254 COLONIAL AVE SW | AddressLine1 |
| City | ROANOKE | City |
| State | VA | State |
| ZIP Code | 24018 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (21 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | FormerFormer |
|---|---|---|---|---|---|---|---|
| DAVID D H WILLIS | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| ELWYN G MURRAY III | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| ASHUTOSH CHANDEL | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| J DOUGLAS CALL | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| GEORGE B CARTELEDGE III | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| LINDA D FRITH | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| FRANK RUSSELL ELLETT | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| J RANDOLPH GARRETT III | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| STEPHEN LEMON | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| B WISTAR MORRIS III | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| GEORGE I VOGEL III | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| ALLEN B WHITTLE | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| JAMES V REVERCOMB JR | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| T GARRICK STEELE | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| KATHERINE FRALIN WALKER | |||||||
| CHAIRMAN | 1.00 | X | 0 | 0 | 0 | X | |
| ELIZABETH M CRANWELL | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| CHRISITAN J PROCTOR | |||||||
| CURRENT HEADMASTER FROM JULY. 2011 | 40.00 | X | 68731 | 0 | 0 | X | |
| IAN MCDADE | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| KAREN LIST | |||||||
| CURRENT DIRECTOR OF FINANCE | 40.00 | 83674 | 0 | 0 | X | ||
| TIMOTHY J SEELEY | |||||||
| FORMER HEADMASTER THROUGH JUNE, 2011 | 40.00 | 61691 | 0 | 0 | X | ||
| CLARENCE KELLEY | |||||||
| FORMER DIRECTOR OF FINANCE THROUGH JUNE 2012 | 40.00 | 53035 | 0 | 0 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 267131 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 0 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 1 | FormersListed |
| Total Comp GT150 K | 0 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation
Name Of Contractor NameOfContractor
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NCS CAFETERIA | BusinessNameLine1 |
Address Of Contractor AddressOfContractor
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4254 COLONIAL DRIVE | AddressLine1 |
| City | ROANOKE | City |
| State | VA | State |
| ZIP Code | 24018 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Of Services | CAFETERIA OPERATIONS | DescriptionOfServices |
| Compensation | 234363 | Compensation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 1 | NumberOfContractorsGT100K |
| All Other Contributions | 1100825 | AllOtherContributions |
| Total Contributions | 1100825 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (4 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| TUITION AND FEES (NET) | 611110 | 4494966 | 4494966 | |
| PROGRAM SERVICE REVENU | 611110 | 581275 | 581275 | |
| AUXILIARY SERVICES | 611110 | 419815 | 419815 | |
| CARTER ATHLETIC CENTER | 713940 | 205501 | 205501 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 5701557 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 6763 | TotalRevenueColumn |
| Exclusion | $6,763 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 41240 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 24582 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 16658 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 16658 | TotalRevenueColumn |
| Exclusion | $16,658 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 152906 | GrossIncomeFundraisingEvents |
| Fundraising Direct Expenses | 49726 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 103180 | TotalRevenueColumn |
| Exclusion | $103,180 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 6928983 | TotalRevenueColumn |
| Related Or Exempt Function Income | 5496056 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 205501 | UnrelatedBusinessRevenue |
| Exclusion | $126,601 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6500 | Total |
| Program Services | 6500 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 152405 | Total |
| Program Services | 152405 | ProgramServices |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3660575 | Total |
| Program Services | 3339345 | ProgramServices |
| Management And General | 166773 | ManagementAndGeneral |
| Fundraising | 154457 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 397996 | Total |
| Program Services | 280597 | ProgramServices |
| Management And General | 106608 | ManagementAndGeneral |
| Fundraising | 10791 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 300249 | Total |
| Program Services | 201436 | ProgramServices |
| Management And General | 86573 | ManagementAndGeneral |
| Fundraising | 12240 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8005 | Total |
| Management And General | 8005 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 55600 | Total |
| Management And General | 55600 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 217 | Total |
| Program Services | 217 | ProgramServices |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 23042 | Total |
| Program Services | 1223 | ProgramServices |
| Fundraising | 21819 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 88670 | Total |
| Program Services | 88670 | ProgramServices |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9394 | Total |
| Program Services | 9394 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 522211 | Total |
| Program Services | 522211 | ProgramServices |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 61198 | Total |
| Program Services | 61198 | ProgramServices |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices |
|---|---|---|
| INSTRUCTION AND STUDENT | 434222 | 434222 |
| CARTER ATHLETIC CENTER | 371651 | 371651 |
| AUXILIARY SERVICES | 289289 | 289289 |
| SUMMER PROGRAMS | 8636 | 8636 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 292873 | Total |
| Management And General | 254722 | ManagementAndGeneral |
| Fundraising | 38151 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6682733 | Total |
| Program Services | 5766994 | ProgramServices |
| Management And General | 678281 | ManagementAndGeneral |
| Fundraising | 237458 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 53200 | BOY |
| EOY | 57937 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 946165 | BOY |
| EOY | 510405 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 683733 | BOY |
| EOY | 401047 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 165557 | BOY |
| EOY | 117587 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 71247 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 52330 | BOY |
| EOY | 36425 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14381 | BOY |
| EOY | 48341 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 19466109 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 10368511 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8412662 | BOY |
| EOY | 9097598 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 820334 | BOY |
| EOY | 931882 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 298019 | BOY |
| EOY | 344971 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11446381 | BOY |
| EOY | 11617440 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 774071 | BOY |
| EOY | 515392 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 262381 | BOY |
| EOY | 321528 | EOY |
Loans From Officers Directors LoansFromOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 160000 | BOY |
| EOY | 350000 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 200000 | BOY |
| EOY | 200633 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 477140 | BOY |
| EOY | 380783 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1873592 | BOY |
| EOY | 1768336 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7212896 | BOY |
| EOY | 7448551 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1605617 | BOY |
| EOY | 1641787 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 754276 | BOY |
| EOY | 758766 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9572789 | BOY |
| EOY | 9849104 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11446381 | BOY |
| EOY | 11617440 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 246250 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 30065 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| 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 | 818021 | BeginningOfYearBalance |
| Contributions | 6940 | Contributions |
| End Of Year Balance | 824961 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 7450372 | BeginningOfYearBalance |
| Investment Earnings Or Losses | 38191 | InvestmentEarningsOrLosses |
| Administrative Expenses | 6670542 | AdministrativeExpenses |
| End Of Year Balance | 818021 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 6837031 | BeginningOfYearBalance |
| Investment Earnings Or Losses | 852766 | InvestmentEarningsOrLosses |
| Other Expenditures | 202715 | OtherExpenditures |
| Administrative Expenses | 36710 | AdministrativeExpenses |
| End Of Year Balance | 7450372 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.00000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.92520 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.07480 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 387605 | OtherCostOrOtherBasis |
| Book Value | 387605 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 13608865 | OtherCostOrOtherBasis |
| Depreciation | 7268106 | Depreciation |
| Book Value | 6340759 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2155953 | OtherCostOrOtherBasis |
| Depreciation | 1905401 | Depreciation |
| Book Value | 250552 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 3313686 | OtherCostOrOtherBasis |
| Depreciation | 1195004 | Depreciation |
| Book Value | 2118682 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 9097598 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (3 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| MUTUAL FUNDS | 557844 | F |
| MANAGED PORTFOLIO | 371163 | F |
| PRIVATE EQUITY | 2875 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 931882 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| DEPOSITS HELD FOR OTHERS | $35,812 |
| INTERFUND PAYABLES | $344,971 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 380783 | TotalOfAmounts |
| Total Revenue | 6928983 | TotalRevenue |
| Total Expenses | 6682733 | TotalExpenses |
| Excess Or Deficit For Year | 246250 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 30065 | NetUnrealizedGLOnInvestments |
| Total Adjustments | 30065 | TotalAdjustments |
| Excess Or Deficit Per FS | 276315 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 7026856 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 30065 | NetUnrealizedGainsInvestments |
| Other Revenues | 74308 | OtherRevenues |
| Revenue Not Rptd F990 | 104373 | RevenueNotRptdF990 |
| Revenue Subtotal | 6922483 | RevenueSubtotal |
| Other Revenues Not Included | 6500 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 6500 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 6928983 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 6750324 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 74308 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 74308 | ExpensesNotRptdF990 |
| Expenses Subtotal | 6676016 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 217 | InvestmentExpensesNotIncluded2 |
| Other Expenses Not Included | 6500 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 6717 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 6682733 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (7 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: | PART V, LINE 4: | PART V, LINE 4: SCHOLARSHIP FUNDS - FOR SCHOLARSHIPS AND FACULTY ENRICHMENT. |
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X: | UNCERTAIN TAX POSITIONS: MANAGEMENT HAS EVALUATED THE EFFECT OF FINANCIAL ACCOUNTING STANDARDS BOARD GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE GUIDANCE CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS BY PRESCRIBING A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE SCHOOL'S POLICY IS TO RECORD A LIABILITY FOR ANY TAX POSITION TAKEN THAT IS BENEFICIAL TO THE SCHOOL, INCLUDING ANY RELATED INTEREST AND PENALTIES, WHEN IT IS MORE LIKELY THAN NOT THE POSITION TAKEN BY MANAGEMENT WITH RESPECT TO A TRANSACTION OR CLASS OF TRANSACTIONS WILL BE OVERTURNED BY A TAXING AUTHORITY UPON EXAMINATION. MANAGEMENT BELIEVES THERE ARE NO SUCH POSITIONS AS OF JUNE 30, 2012, AND ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | FUNDRAISING EXPENSES 49,726. REAL PROPERTY RENTAL EXPENSES 24,582. | |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | MERIT SCHOLARSHIP EXPENSE 6,500. | |
| PART XIII, LINE 2D - OTHER ADJUSTMENTS: | FUNDRAISING EXPENSE FROM SCHEDULE G 49,726. REAL PROPERTY RENTAL EXPENSES 24,582. | |
| PART XIII, LINE 4B - OTHER ADJUSTMENTS: | MERIT SCHOLARSHIP EXPENSE 6,500. | |
| FUNDRAISING EXPENSES ARE SHOWN NET OF EXPENSES AS AN EXPENSE ITEM ON THE FINANCIAL STATEMENTS.RENTAL EXPENSES ARE SHOWN ON THE FINANCIALS AS PART OF THE CARTER ATHLETIC CENTER EXPENSE ITEM. THE MERIT SCHOLARSHIPS ARE SHOWN NET OF REVENUE ON THE AUDITED FINANCIAL STATEMENTS. |
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 | THE POLICY IS DESCRIBED IN THE HANDBOOK AS WELL AS POSTED ON THE ORGANIZATION WEBSITE SEPARATELY. | Explanation |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | FIELD DAY | NameOfEvent1 |
| Gross Receipts Event1 | 12119 | GrossReceiptsEvent1 |
| Gross Revenue Event1 | 12119 | GrossRevenueEvent1 |
| Non Cash Prizes Event1 | 673 | NonCashPrizesEvent1 |
| Food And Beverage Event1 | 4352 | FoodAndBeverageEvent1 |
| Entertainment Event1 | 3975 | EntertainmentEvent1 |
| Other Direct Expenses Event1 | 3016 | OtherDirectExpensesEvent1 |
| Name Of Event2 | MOSAIC | NameOfEvent2 |
| Gross Receipts Event2 | 140787 | GrossReceiptsEvent2 |
| Gross Revenue Event2 | 140787 | GrossRevenueEvent2 |
| Rent Facility Costs Event2 | 6576 | RentFacilityCostsEvent2 |
| Food And Beverage Event2 | 10468 | FoodAndBeverageEvent2 |
| Entertainment Event2 | 2000 | EntertainmentEvent2 |
| Other Direct Expenses Event2 | 17677 | OtherDirectExpensesEvent2 |
| Total Number Of Other Events | 1 | TotalNumberOfOtherEvents |
| Gross Receipts Other Events | 0 | GrossReceiptsOtherEvents |
| Non Cash Prizes Other Events | 22 | NonCashPrizesOtherEvents |
| Other Direct Expenses Other Events | 967 | OtherDirectExpensesOtherEvents |
| Gross Receipts Total | 152906 | GrossReceiptsTotal |
| Gross Revenue Total Events | 152906 | GrossRevenueTotalEvents |
| Non Cash Prizes Total Events | 695 | NonCashPrizesTotalEvents |
| Rent Facility Costs Total Events | 6576 | RentFacilityCostsTotalEvents |
| Food And Beverage Total Events | 14820 | FoodAndBeverageTotalEvents |
| Entertainment Total Events | 5975 | EntertainmentTotalEvents |
| Other Direct Expenses Total Events | 21660 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 49726 | DirectExpenseSummaryEvents |
| Net Income Summary | 103180 | NetIncomeSummary |
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 | MERIT SCHOLARSHIPS | TypeOfGrant |
| Number Of Recipients | 1 | NumberOfRecipients |
| Amount Of Cash Grant | 6500 | AmountOfCashGrant |
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 | 0 | SubstantiationRequired |
| 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 (2 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TIMOTHY J SEELEY | |||||||||||||
| 61691 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 61691 | 0 | 0 | 0 |
| CLARENCE KELLEY | |||||||||||||
| 53035 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 53035 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| PART I, LINE 1A | A RESIDENCE OWNED BY THE NORTH CROSS SCHOOL IS PROVIDED TO THE HEADMASTER AS PART OF THE COMPENSATION PACKAGE. THIS IS A CONDITION OF HIS EMPLOYMENT AND IT IS A FOR THE CONVENIENCE OF THE EMPLOYER AND EMPLOYEE. THE ORGANIZATION PURCHASED EQUITY STOCK (VALUE $562) IN ROANOKE COUNTRY CLUB IN THE CURRENT YEAR AS PART OF INTIATION FEES FOR THE NEW HEADMASTER. | |
| PART III | THE FORMER EMPLOYEES RECEIVING COMPENSATION IN 2011 WERE FOR SERVICES PERFORMED IN 2011 AS HEADMASTER AND DIRECTOR OF FINANCE. | SUPPLEMENTAL INFORMATION |
Schedule L IRS990ScheduleL
Loan Table LoanTable (7 entries)
| Purpose Of LoanPurposeOfLoan | Loan To OrganizationLoanToOrganization | Original PrincipalOriginalPrincipalAmount | Balance DueBalanceDue | DefaultDefault | Approved By BoardApprovedByBoard | Written AgreementWrittenAgreement |
|---|---|---|---|---|---|---|
| KATHERINE WALKER | ||||||
| TEMPORARY FINANCING | X | $100,000 | 100000 | 0 | 1 | 1 |
| DAVID WILLIS | ||||||
| TEMPORARY FINANCING | X | $100,000 | 100000 | 0 | 1 | 1 |
| J RANDOLPH GARRETT III | ||||||
| TEMPORARY FINANCING | X | $25,000 | 25000 | 0 | 1 | 1 |
| FRANK RUSSELL ELLETT | ||||||
| TEMPORARY FINANCING | X | $50,000 | 50000 | 0 | 1 | 1 |
| JAMES V REVERCOMBE | ||||||
| TEMPORARY FINANCING | X | $25,000 | 25000 | 0 | 1 | 1 |
| B WISTAR MORRIS | ||||||
| TEMPORARY FINANCING | X | $25,000 | 25000 | 0 | 1 | 1 |
| T GARRICK STEELE | ||||||
| TEMPORARY FINANCING | X | $25,000 | 25000 | 0 | 1 | 1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | 350000 | TotalBalanceDue |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | THE DIRECTOR OF FINANCE, HEADMASTER, AND FINANCE COMMITTEE REVIEWS THE RETURN BEFORE IT IS FILED. | |
| FORM 990, PART VI, SECTION B, LINE 12C | THE DIRECTOR OF FINANCE IS AWARE OF ALL BUSINESS TRANSACTIONS AND MONITORS THEM CLOSELY FOR ANY CONFLICTS.THE CONFLICT OF INTEREST POLICY IS APPROVED BY THE BOARD. ANY ARISING CONFLICT IS HANDLED IN ACCORDANCE TO PROCEDURES OUTLINED IN THE CONFLICT OF INTEREST POLICY. | |
| FORM 990, PART VI, SECTION B, LINE 15 | THE HEADMASTER AND DIRECTOR OF FINANCE START THE BUDGET PROCESS IN NOVEMBER. THEY START WITH SEVERAL SALARY INCREASE SCENARIOS AND DETERMINE WHICH OF THE PERCENTAGES THE ORGANIZATION CAN AFFORD. A MEETING IS HELD WITH THE FINANCE COMMITTEE FOR INITIAL REVIEW IN DECEMBER. CONTRACTS ARE SENT OUT WITH INCREASES IN FEBRUARY. NEW HIRE SALARIES ARE DETERMINED BY THE HEADMASTER. COMPARISONS ARE USED FROM VAIS AND NAIS FOR NATIONAL AVERAGE COMPARISONS. THE HEADMASTER SALARY IS DETERMINED BY SALARY COMPARISONS AND APPROVED BY THE BOARD. | |
| FORM 990, PART VI, SECTION C, LINE 19 | THE EMPLOYEE HANDBOOK, POSTED ON THE WEBSITE, DETAILS ALL POLICIES. FINANCIAL STATEMENTS ARE REVIEWED BY THE FINANCE COMMITTEE, THEN DISTRIBUTED TO THE BOARD. THE ORGANIZATION'S FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICIES, AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. | |
| FORM 990, PART XI, LINE 5: | NET UNREALIZED GAINS ON INVESTMENTS: 30,065. | CHANGES IN NET ASSETS OR FUND BALANCES: |
| PART XII, LINE 2C | THE PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR. | OVERSIGHT PROCESS |