CAROLINA DAY SCHOOL INC: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- CAROLINA DAY SCHOOL INC (EIN 56-0125490)
- Tax period
- 2010-07-01 to 2011-06-30
- Filed
- 2012-03-01
- IRS object ID
- 201240619349302344
- Schema version
- 2010v3.4
- 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 M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-03-01T15:30:22-06:00 | Timestamp |
| Tax Period End Date | 2011-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DIXON HUGHES GOODMAN LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 RIDGEFIELD COURT | AddressLine1 |
| City | ASHEVILLE | City |
| State | NC | State |
| ZIP Code | 28806 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 560125490 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CAROLINA DAY SCHOOL INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | CARO | NameControl |
| Phone | 8282740757 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1345 HENDERSONVILLE ROAD | AddressLine1 |
| City | ASHEVILLE | City |
| State | NC | State |
| ZIP Code | 28803 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | THOMAS TRIGG | Name |
| Title | HEAD OF SCHOOL | Title |
| Phone | 8282740757 | Phone |
| Date Signed | 2012-03-01 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | AMY BIBBY | Name |
| Phone | 8282542254 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | THOMAS TRIGG | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1345 HENDERSONVILLE ROAD | AddressLine1 |
| City | ASHEVILLE | City |
| State | NC | State |
| ZIP Code | 28803 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 13256408 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.CDSCHOOL.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1936 | YearFormation |
| State Legal Domicile | NC | StateLegalDomicile |
| Activity Or Mission Description | PROVIDING EDUCATIONAL SERVICES TO THE COMMUNITY | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 18 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 17 | NbrIndependentVotingMembers |
| Total Nbr Employees | 275 | TotalNbrEmployees |
| Total Nbr Volunteers | 490 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 558503 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 578877 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 11749615 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 12210722 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 68378 | InvestmentIncomePriorYear |
| Investment Income Current Year | 83453 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 21165 | OtherRevenuePriorYear |
| Other Revenue Current Year | 128013 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 12397661 | TotalRevenuePriorYear |
| Total Revenue Current Year | 13001065 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 1375805 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 1563165 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 8520151 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 8781174 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 487975 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 2916096 | OtherExpensePriorYear |
| Other Expenses Current Year | 3248637 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 12812052 | TotalExpensesPriorYear |
| Total Expenses Current Year | 13592976 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -414391 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -591911 | RevenuesLessExpensesCY |
| Total Assets BOY | 21515726 | TotalAssetsBOY |
| Total Assets EOY | 22858694 | TotalAssetsEOY |
| Total Liabilities BOY | 2239584 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 3557109 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 19276142 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 19301585 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | CDS EXISTS TO PROVIDE PARENTS AND CHILDREN IN THE GREATER ASHEVILLE AREA WITH A HIGH QUALITY, INDEPENDENT ALTERNATIVE TO PUBLIC AND PAROCHIAL SCHOOLS. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 10945862 | Expense |
| Grants | 1563165 | Grants |
| Revenue | 12210722 | Revenue |
| Description | SEE SCHEDULE O ACCREDITED PRE-KINDERGARTEN THROUGH 12TH GRADE SCHOOL FOR BOYS AND GIRLS PROVIDING EDUCATIONAL AND RELATED SERVICES; APPROXIMATELY 654 STUDENTS.ACCREDITATIONS: IN JUNE 2005, CAROLINA DAY SCHOOL ACHIEVED DUAL ACCREDITATION BY THE SOUTHERN ASSOCIATION OF INDEPENDENT SCHOOLS AND THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS. TO EARN DUAL ACCREDITATION, CDS MET QUALITY STANDARDS, WAS EVALUATED BY AN OUTSIDE GROUP OF PEER PROFESSIONALS, AND IMPLEMENTED A SCHOOL PLAN FOCUSED ON STRATEGIC IMPROVEMENT AND STUDENT PERFORMANCE.MEAN SAT: CLASS OF 2011: 1770 - (579 CRITICAL READING / 590 MATH / 601 WRITING)SCHOLARSHIPS EARNED BY CLASS OF 2011: $1.5 MILLIONNATIONAL MERIT SCHOLARSHIP PROGRAM: THE CLASS OF 2011 HAS TWO COMMENDED STUDENTS NATIONAL MERIT SCHOLARSHIP PROGRAM AND ONE SEMI-FINALIST. ADVANCED PLACEMENT PROGRAM : CDS OFFERS 16 AP COURSES ACROSS THE FULL SPECTRUM OF OUR ACADEMIC PROGRAM-STUDENTS HAVE ADVANCED PLACEMENT OPPORTUNITIES THAT RANGE FROM ENVIRONMENTAL SCIENCE WHERE THEY MAKE USE OF OUR WONDERFUL NATURAL RESOURCES TO GOVERNMENT AND POLITICS WHICH COMPLEMENTS THE SCHOOL'S GLOBAL STUDIES CURRICULUM. THE PAST ACADEMIC YEAR 87% OF THE STUDENTS WHO TOOK AP EXAMS SCORED 3 OR HIGHER.ACADEMIC RECOGNITIONS: THE UPPER SCHOOL MATH TEAM HAS WON FIRST PLACE FOURTEEN YEARS AND SECOND PLACE FOR FOUR YEARS IN THE REGIONAL COMPETITION. THE SCIENCE OLYMPIAD TEAM REGULARLY ADVANCES STUDENTS FROM THE REGIONAL TO STATE COMPETITION. THE DEBATE TEAM HAS PARTICIPATED IN BOTH THE HARVARD AND DUKE TOURNAMENTS IN RECENT YEARS.ARTS PROGRAM: OPPORTUNITIES EXIST FOR STUDENTS IN ALL DIVISIONS TO PARTICIPATE IN A VARIETY OF ARTS PROGRAMS INCLUDING THEATRE, MUSIC, AND ART. UPPER SCHOOL ART ELECTIVES INCLUDE COURSES IN PHOTOGRAPHY, THEATRE, SPEECH, DEBATE, CHORUS, MUSIC THEORY (INCLUDING AP), PIT BAND, JEWELRY/METALSMITHING, POTTERY, PAINTING, DRAWING, AND ADVANCED STUDIO ART. WE ALSO OFFER ART HISTORY INCLUDING AP ART HISTORY.LANGUAGE: CDS OFFERS 13 YEARS OF SPANISH, BEGINNING IN KINDERGARTEN, AND SEVEN YEARS OF FRENCH IN GRADES 6 - 12. MANDARIN CHINESE IS ALSO OFFERED IN THE UPPER SCHOOL.NUMBER OF SPORTS OFFERED: 10 SPORTS AND 30 TEAMS (VARSITY, JUNIOR VARSITY, MIDDLE SCHOOL) INCLUDING FIELD HOCKEY, VOLLEYBALL, BASKETBALL, SOCCER, TENNIS, CROSS COUNTRY, BASEBALL, GOLF, SWIMMING, AND TRACK & FIELD.NUMBER OF STATE CHAMPIONSHIPS: 81 SINCE 1995 INCLUDING 24 TEAM AND 57 INDIVIDUAL NCISAA STATE CHAMPIONSHIPS.CHARACTER EDUCATION: CDS IS NATIONALLY KNOWN AMONG INDEPENDENT SCHOOLS FOR ITS CHARACTER EDUCATION PROGRAM. THE TENETS OF COMPASSION, RESPECT & RESPONSIBILITY, INTEGRITY, AND A THIRST FOR PERSONAL EXCELLENCE ARE INTERWOVEN INTO CURRICULUM AND ACTIVITIES.COMMUNITY SERVICE: COMMUNITY SERVICE IS AN INTEGRAL PART OF THE CURRICULUM FROM PK THROUGH TWELFTH GRADES. APPROXIMATELY 25 PERCENT OF ALL UPPER SCHOOL STUDENTS ARE MEMBERS OF THE HIGHLANDER SOCIETY WHICH RECOGNIZES STUDENTS WHO HAVE A MINIMUM OF 100 HOURS OF SERVICE.KEY SCHOOL: ESTABLISHED IN 1997; PROVIDES BRIGHT STUDENTS WITH LANGUAGE-BASED LEARNING DIFFERENCES THE EDUCATIONAL OPPORTUNITY TO OVERCOME THEIR DIFFERENCES AND TO ACHIEVE THEIR MAXIMUM POTENTIAL IN SCHOOL AND IN LIFE. THE KEY SCHOOL ENROLLS STUDENTS IN GRADES ONE THROUGH EIGHT. IN ADDITION, STUDY SUPPORT SERVICES ARE OFFERED TO STUDENTS IN THE MIDDLE SCHOOL AND THE UPPER SCHOOL. TEACHERS ARE WELL-TRAINED IN THE ORTON-GILLINGHAM APPROACH TO MULTISENSORY INSTRUCTION. KEY SCHOOL'S TEACHER TRAINING PROGRAM IS ACCREDITED BY IMSLEC AND SUPERVISED BY AN ACADEMY OF ORTON-GILLINGHAM PRACTITIONERS AND EDUCATOR'S FELLOW. THE ENTIRE ADMINISTRATIVE TEAM HAS RECEIVED THE RANKING OF CERTIFIED ACADEMIC LANGUAGE THERAPIST THROUGH ALTA. IN ADDITION, 13 FACULTY MEMBERS HAVE SUCCESSFULLY COMPLETED THE NATIONAL TESTING THROUGH ALTA RECEIVING THE RANKING OF ASSOCIATE ACADEMIC LANGUAGE THERAPIST.GURIAN MODEL SCHOOL: AS A RESULT OF CAROLINA DAY SCHOOL'S DEDICATION TO PROVIDING AN EDUCATIONAL ENVIRONMENT IN WHICH EVERY BOY AND GIRL IS GIVEN THE OPPORTUNITY TO FULFILL HIS OR HER INDIVIDUAL POTENTIAL, THE SCHOOL WAS DESIGNATED A GURIAN INSTITUTE MODEL SCHOOL IN 2006. CAROLINA DAY IS COMMITTED TO ONGOING FACULTY TRAINING IN BRAIN-BASED AND GENDER-SPECIFIC TEACHING STRATEGIES TAUGHT THROUGH THE INSTITUTE (WWW.GURIANINSTITUTE.COM). THE SCHOOL SEEKS TO UNDERSTAND AND INCORPORATE BEST TEACHING PRACTICES FOR BOYS AND GIRLS IN BOTH COED AND SINGLE-GENDER CLASSES. AS GURIAN INSTITUTE CERTIFIED MASTER TRAINERS, CAROLINA DAY PRINCIPALS CLAUDIA SHERRY AND PEGGY DANIELS OFFER WORKSHOPS AND RESOURCES FOR CDS TEACHERS AND PARENTS. THEY SERVE AS GURIAN SUMMER INSTITUTE TRAINERS AND ALSO VISIT SCHOOLS ACROSS THE NATION TO TRAIN TEACHERS, ADMINISTRATORS, AND PARENTS IN THE BENEFITS OF USING BRAINBASED RESEARCH AND TEACHING STRATEGIES IN THE CLASSROOM.ALUMNI: APPROXIMATELY 1,958 ALUMNI ARE MEMBERS OF THE ALUMNI ASSOCIATION AND 65 CHILDREN OF 47 ALUMNI ARE CURRENTLY ENROLLED. | Description |
| Total Program Service Expense | 10945862 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| 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 | 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 | 1 | 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 | 57 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 275 | 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 | 1 | NonDeductibleContributions |
| Non Deductible Disclosure | 1 | NonDeductibleDisclosure |
| Quid Pro Quo Contributions | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| 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 | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DIANE HENSON BUSINESS MANAGER | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 8282740757 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1345 HENDERSONVILLE ROAD | AddressLine1 |
| City | ASHEVILLE | City |
| State | NC | State |
| ZIP Code | 28803 | 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 | FormerFormer |
|---|---|---|---|---|---|---|---|
| DR CHARLES R GERSHON | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| CHARLES KEITH LOVE | |||||||
| CHAIR | 10.00 | X | 0 | 0 | 0 | X | |
| JEFFREY BAKER | |||||||
| TREASURER | 3.00 | X | 0 | 0 | 0 | X | |
| CHRISTINE NEVANT | |||||||
| SECRETARY | 2.00 | X | 0 | 0 | 0 | X | |
| PAMELA TURNER | |||||||
| ASSISTANT SECRETARY | 2.50 | X | 0 | 0 | 0 | X | |
| STARLING UNDERWOOD III | |||||||
| TRUSTEE | 1.30 | X | 0 | 0 | 0 | ||
| JOHN FAV CECIL | |||||||
| TRUSTEE | 1.50 | X | 0 | 0 | 0 | ||
| WILLIAM T GAY | |||||||
| VICE CHAIR | 5.00 | X | 0 | 0 | 0 | X | |
| PAUL F DISMUKES | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| BRENDA G NASH | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| JACKIE LALOR | |||||||
| TRUSTEE/SUBSTITUTE | 1.80 | X | 2535 | 0 | 0 | ||
| CHARLES PICKELSIMER III | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| JOHN RE RUHL SR | |||||||
| TRUSTEE | 3.00 | X | 0 | 0 | 0 | ||
| MATT BROOKSHIRE | |||||||
| PRESIDENT ALUMIN ASSN. | 1.00 | X | 0 | 0 | 0 | ||
| DAVID K WATKINS | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| MARIA BRYAN | |||||||
| PRESIDENT, PARENT COUNCIL | 8.00 | X | 0 | 0 | 0 | ||
| DR ROLAND M ZAHN | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| BETSY JORDAN | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| SUSAN V DELALOYE | |||||||
| PRES-ELECT, PARENT COUNCIL | 1.50 | X | 0 | 0 | 0 | ||
| KAREN CLERICI | |||||||
| TRUSTEE | 2.00 | X | 0 | 0 | 0 | ||
| THOMAS TRIGG | |||||||
| HEAD OF SCHOOL | 75.00 | 133686 | 0 | 14724 | X | ||
| RUSSELL E SLIPHER JR | |||||||
| CFO | 50.00 | 83252 | 0 | 6955 | X | ||
| CLAUDIA SHERRY | |||||||
| ASSOC. HEAD OF SCHOOL | 50.00 | 97600 | 0 | 14608 | X | ||
| DR BEVERLY H SGRO | |||||||
| FORMER HEAD OF SCHOOL | 50.00 | 184993 | 0 | 9916 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 502066 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 46203 | TotalOtherCompensation |
| Number Individuals GT100 K | 2 | NumberIndividualsGT100K |
| Formers Listed | 1 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (2 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| ELECTRONIC OFFICE | |||||
| 1257 SWEETEN CREEK RD | ASHEVILLE | NC | 28806 | COMPUTER MAINTENANCE | 187046 |
| INSPECTION READY CLEANING | |||||
| PO BOX 1623 | SKYLAND | NC | 28776 | CLEANING SERVICE | 174805 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 2 | NumberOfContractorsGT100K |
| Fundraising Events | 106616 | FundraisingEvents |
| All Other Contributions | 472261 | AllOtherContributions |
| Noncash Contributions | 87818 | NoncashContributions |
| Total Contributions | 578877 | TotalContributions |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | TUITION & FEES | Description |
| Business Code | 611710 | BusinessCode |
| Total Revenue Column | 12210722 | TotalRevenueColumn |
| Related Or Exempt Function Income | 12210722 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 12210722 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 83450 | TotalRevenueColumn |
| Exclusion | $83,450 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 152910 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 152907 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 3 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 3 | TotalRevenueColumn |
| Exclusion | $3 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 208415 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 106616 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 102436 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 105979 | TotalRevenueColumn |
| Exclusion | $105,979 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | ExclusionExclusionAmount |
|---|---|---|---|
| SCHOOL STORE/SUPPLIES | 611710 | 18062 | $18,062 |
| BOOK INCOME | 611710 | 3972 | $3,972 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 22034 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 13001065 | TotalRevenueColumn |
| Related Or Exempt Function Income | 12210722 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $211,466 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1563165 | Total |
| Program Services | 1563165 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 509365 | Total |
| Program Services | 340901 | ProgramServices |
| Management And General | 95177 | ManagementAndGeneral |
| Fundraising | 73287 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6115342 | Total |
| Program Services | 4916397 | ProgramServices |
| Management And General | 909185 | ManagementAndGeneral |
| Fundraising | 289760 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 276258 | Total |
| Program Services | 216727 | ProgramServices |
| Management And General | 45043 | ManagementAndGeneral |
| Fundraising | 14488 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1398114 | Total |
| Program Services | 1191799 | ProgramServices |
| Management And General | 157974 | ManagementAndGeneral |
| Fundraising | 48341 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 482095 | Total |
| Program Services | 360365 | ProgramServices |
| Management And General | 99854 | ManagementAndGeneral |
| Fundraising | 21876 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 24313 | Total |
| Management And General | 24313 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 45348 | Total |
| Management And General | 45348 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1225 | Total |
| Management And General | 1225 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 447195 | Total |
| Program Services | 171664 | ProgramServices |
| Management And General | 273509 | ManagementAndGeneral |
| Fundraising | 2022 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 94149 | Total |
| Management And General | 94149 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 318826 | Total |
| Program Services | 214088 | ProgramServices |
| Management And General | 72128 | ManagementAndGeneral |
| Fundraising | 32610 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 205394 | Total |
| Program Services | 205394 | ProgramServices |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 330092 | Total |
| Management And General | 330092 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 66376 | Total |
| Program Services | 66376 | ProgramServices |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11142 | Total |
| Management And General | 11142 | ManagementAndGeneral |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 56777 | Total |
| Program Services | 51186 | ProgramServices |
| Fundraising | 5591 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 556516 | Total |
| Program Services | 556516 | ProgramServices |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 66574 | Total |
| Program Services | 66574 | ProgramServices |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices |
|---|---|---|
| CLASS/EDUCATION EXPENSE | 510483 | 510483 |
| BAD DEBT EXPENSE | 239503 | 239503 |
| OTHER EDUCATIONAL EXPEN | 184771 | 184771 |
| ACTIVITY/ATHLETIC EXPEN | 89953 | 89953 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 13592976 | Total |
| Program Services | 10945862 | ProgramServices |
| Management And General | 2159139 | ManagementAndGeneral |
| Fundraising | 487975 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 400 | BOY |
| EOY | 400 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1991823 | BOY |
| EOY | 2541512 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2431508 | BOY |
| EOY | 1561600 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 170979 | BOY |
| EOY | 157575 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 15000 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 152178 | BOY |
| EOY | 70981 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 22147799 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 7181244 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13776975 | BOY |
| EOY | 14966555 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2991863 | BOY |
| EOY | 3545071 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 21515726 | BOY |
| EOY | 22858694 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1217124 | BOY |
| EOY | 1239439 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 957091 | BOY |
| EOY | 785928 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 1450000 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 65369 | BOY |
| EOY | 81742 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2239584 | BOY |
| EOY | 3557109 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15118481 | BOY |
| EOY | 15046294 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2043964 | BOY |
| EOY | 1796581 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2113697 | BOY |
| EOY | 2458710 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 19276142 | BOY |
| EOY | 19301585 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 21515726 | BOY |
| EOY | 22858694 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -591911 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 617354 | ReconcilationOtherChanges |
| 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 | 2988052 | BeginningOfYearBalance |
| Contributions | 39560 | Contributions |
| Investment Earnings Or Losses | 666558 | InvestmentEarningsOrLosses |
| Other Expenditures | 149099 | OtherExpenditures |
| End Of Year Balance | 3545071 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 2723565 | BeginningOfYearBalance |
| Contributions | 41495 | Contributions |
| Investment Earnings Or Losses | 386048 | InvestmentEarningsOrLosses |
| Other Expenditures | 163056 | OtherExpenditures |
| End Of Year Balance | 2988052 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 3453115 | BeginningOfYearBalance |
| Contributions | 117153 | Contributions |
| Investment Earnings Or Losses | -679699 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 75061 | GrantsOrScholarships |
| Other Expenditures | 91943 | OtherExpenditures |
| End Of Year Balance | 2723565 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.31100 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.68700 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.00200 | 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 | 5159505 | OtherCostOrOtherBasis |
| Book Value | 5159505 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 12286693 | OtherCostOrOtherBasis |
| Depreciation | 4812090 | Depreciation |
| Book Value | 7474603 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2119995 | OtherCostOrOtherBasis |
| Depreciation | 321342 | Depreciation |
| Book Value | 1798653 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2136306 | OtherCostOrOtherBasis |
| Depreciation | 1844560 | Depreciation |
| Book Value | 291746 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 445300 | OtherCostOrOtherBasis |
| Depreciation | 203252 | Depreciation |
| Book Value | 242048 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 14966555 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | CAPITAL LEASE OBLIGATIONS - COMPUTERS | Description |
| Amount | $81,742 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 81742 | TotalOfAmounts |
| Total Revenue | 13001065 | TotalRevenue |
| Total Expenses | 13592976 | TotalExpenses |
| Excess Or Deficit For Year | -591911 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 617354 | NetUnrealizedGLOnInvestments |
| Total Adjustments | 617354 | TotalAdjustments |
| Excess Or Deficit Per FS | 25443 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 13719695 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 617354 | NetUnrealizedGainsInvestments |
| Revenue Not Rptd F990 | 617354 | RevenueNotRptdF990 |
| Revenue Subtotal | 13102341 | RevenueSubtotal |
| Other Revenues Not Included | -101276 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | -101276 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 13001065 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 13694252 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 102436 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 102436 | ExpensesNotRptdF990 |
| Expenses Subtotal | 13591816 | ExpensesSubtotal |
| Other Expenses Not Included | 1160 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 1160 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 13592976 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (5 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: | PART V, LINE 4: | THE ORGANIZATION UTILIZES DISTRIBUTIONS FROM ENDOWMENT FUNDS AS DIRECTED BY DONORS AND FOR A VARIETY PROGRAMS AND SERVICES OFFERED BY THE SCHOOL AS PART OF ITS EXEMPT PURPOSE. |
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X: | INCOME TAX STATUS- THE SCHOOL IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND THE STATUTES OF THE STATE OF NORTH CAROLINA. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS PROVIDED IN THE FINANCIAL STATEMENTS. THE SCHOOL HAS ADOPTED THE NEW GENERALLY ACCEPTED ACCOUNTING PRINCIPAL FOR ACCOUNTING FOR THE RECOGNITION AND MEASUREMENT FOR UNCERTAINTY IN INCOME TAXES AS OF JULY 1, 2009. 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 PENALITIES, 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, 2011 AND, ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | SPECIAL EVENTS EXPENSES -102,436. INVESTMENT FEES IN REV 1,160. | |
| PART XIII, LINE 2D - OTHER ADJUSTMENTS: | SPECIAL EVENTS EXPENSES 102,436. | |
| PART XIII, LINE 4B - OTHER ADJUSTMENTS: | INVESTMENT FEES IN REV 1,160. |
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 | CAROLINA DAY SCHOOL ADMINISTERS ITS ADMISSIONS, SCHOLARSHIP, ATHLETIC, PERSONNEL, AND OTHER PROGRAMS WITHOUT REGARD TO RACE, CREED, COLOR, NATIONAL OR ETHNIC ORIGIN. | Explanation |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | AUCTION | NameOfEvent1 |
| Gross Receipts Event1 | 289774 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 101516 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 188258 | GrossRevenueEvent1 |
| Non Cash Prizes Event1 | 25850 | NonCashPrizesEvent1 |
| Rent Facility Costs Event1 | 17330 | RentFacilityCostsEvent1 |
| Food And Beverage Event1 | 20045 | FoodAndBeverageEvent1 |
| Other Direct Expenses Event1 | 23238 | OtherDirectExpensesEvent1 |
| Name Of Event2 | SCHOOL SUPPLY SALES | NameOfEvent2 |
| Gross Receipts Event2 | 15203 | GrossReceiptsEvent2 |
| Gross Revenue Event2 | 15203 | GrossRevenueEvent2 |
| Other Direct Expenses Event2 | 12009 | OtherDirectExpensesEvent2 |
| Total Number Of Other Events | 1 | TotalNumberOfOtherEvents |
| Gross Receipts Other Events | 10054 | GrossReceiptsOtherEvents |
| Charitable Contrib Other Events | 5100 | CharitableContribOtherEvents |
| Gross Revenue Other Events | 4954 | GrossRevenueOtherEvents |
| Other Direct Expenses Other Events | 3964 | OtherDirectExpensesOtherEvents |
| Gross Receipts Total | 315031 | GrossReceiptsTotal |
| Charitable Contributions Total | 106616 | CharitableContributionsTotal |
| Gross Revenue Total Events | 208415 | GrossRevenueTotalEvents |
| Non Cash Prizes Total Events | 25850 | NonCashPrizesTotalEvents |
| Rent Facility Costs Total Events | 17330 | RentFacilityCostsTotalEvents |
| Food And Beverage Total Events | 20045 | FoodAndBeverageTotalEvents |
| Other Direct Expenses Total Events | 39211 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 102436 | DirectExpenseSummaryEvents |
| Net Income Summary | 105979 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII (2 entries)
| Type Of GrantTypeOfGrant | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant | Method Of ValuationMethodOfValuation |
|---|---|---|---|
| MERIT SCHOLARSHIPS | 36 | 119775 | FMV |
| NEED-BASED FINANCIAL AID | 144 | 1443390 | FMV |
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: FINANCIAL AID IS AWARDED BASED ON NEED AS DETERMINED THROUGH ANALYSIS BY SCHOOL AND STUDENT SERVICES BY NAIS, BALANCED WITH FUNDS AVAILABLE. MERIT SCHOLARSHIPS ARE AWARDED TO STUDENTS WHO ARE NEW TO OUR UPPER SCHOOL AND ARE BASED ON ACADEMIC ACHIEVEMENT. STUDENTS CAN CONTINUE TO RECEIVE THE AWARD EACH YEAR UNTIL GRADUATION AS LONG AS THEY MEET QUALIFICATIONS. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | X | CompensationCommittee |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Written Employment Contract | X | WrittenEmploymentContract |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 1 | 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 | DR BEVERLY H SGRO | NamePerson |
| Base Compensation Filing Org | 88817 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 0 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 0 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 96176 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 0 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 9916 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 194909 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 0 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 96176 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| PART I, LINE 4B | DR. BEVERLY SRGO, FORMER HEAD OF SCHOOL RECEIVED PAYMENT FROM A NONQUALIFIED PLAN IN ACCORDANCE WITH THE TERMS OF THE PLAN. THE PAYMENT INCLUDED ON THE 2010 FORM W-2 WAS $96,176. | |
| PART III | DR. BEVERLY SGRO, FORMER HEAD OF SCHOOL RECEIVED A 2010 FORM W-2 FROM THE ORGANIZATION. THE W-2 INCLUDED PAYMENT FOR SERVICES RENDERED AS HEAD OF SCHOOL FOR A PORTION OF THE 2010 CALENDAR YEAR PRIOR TO FISCAL YEAR 07/01/2010 - 06/30/2011. THE 2010 FORM W-2 ALSO INCLUDED A DISTRIBUTION FROM THE NONQUALIFIED DEFERRED RETIRMENT PLAN IN WHICH SHE PARTICIPATED IN. | SUPPLEMENTAL INFORMATION |
Schedule L IRS990ScheduleL
Loan Table LoanTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | THOMAS TRIGG | NamePerson |
| Purpose Of Loan | RELOCATION COSTS | PurposeOfLoan |
| Loan From Organization | X | LoanFromOrganization |
| Original Principal | $15,000 | OriginalPrincipalAmount |
| Balance Due | 15000 | BalanceDue |
| Default | 0 | Default |
| Approved By Board | 1 | ApprovedByBoard |
| Written Agreement | 1 | WrittenAgreement |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | 15000 | TotalBalanceDue |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 15 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 87818 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 1 | ThirdPartiesUsed |
Form990 Schedule M Part II Form990ScheduleMPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | THIRD PARTY USE: | Identifier |
| Return Reference | PART I, LINE 32B: | ReturnReference |
| Explanation | THE ORGANIZATION USES THIRD PARTY FINANCIAL ADVISORS TO PROCESS AND SELL DONATED STOCKS UPON RECEIPT. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (5 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | THE 990 WAS REVIEWED IN DEPTH BY THE FINANCE COMMITTEE WITH ASSISTANCE OF THE TAX PREPARER AND THEN PROVIDED TO THE ENTIRE VOTING BOARD, PRIOR TO THE RETURNS FILING. | |
| ALL BOARD MEMBERS ARE REQUIRED TO SIGN AN ANNUAL CONFLICT OF INTEREST POLICY. THE ORGANIZATIONS CFO MONITORS TRANSACTIONS FOR THE SCHOOL TO IDENTIFY ANY POTENTIAL CONFLICTS OF INTEREST. | FORM 990, PART VI, SECTION B, LINE 12C | |
| COMPENSATION FOR THE HEAD OF SCHOOL/PRESIDENT IS DETERMINED BY A COMPENSATION COMMITTEE CONSISTING OF INDEPENDENT MEMBERS WHO OBTAIN COMPARABLE DATA FROM SIMILAR SCHOOLS. COMPENSATION FOR THE ASSOCIATE HEAD OF SCHOOL/VICE-PRESIDENT IS DETERMINED BY THE HEAD OF SCHOOL WHO USES COMPARABLE DATA FROM SIMILAR SCHOOLS. ANNUAL SALARY INCREASE IS THE SAME AS FOR ALL OTHER EMPLOYEES OF THE SCHOOL. | FORM 990, PART VI, SECTION B, LINE 15A | |
| THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY AVAILABLE UPON REQUEST. | FORM 990, PART VI, SECTION C, LINE 19 | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | NET UNREALIZED GAINS ON INVESTMENTS: 617,354. | FORM 990, PART XI, LINE 5: |
Comments