CANNON SCHOOL INC: Form 990, tax year 2009
View the entire original 990 at ProPublica ↗
- Organization
- CANNON SCHOOL INC (EIN 56-0935064)
- Tax period
- 2009-07-01 to 2010-06-30
- Filed
- 2011-01-10
- IRS object ID
- 201100129349300780
- Schema version
- 2009v1.3
- 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 K
- Schedule L
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-01-10T09:06:38-06:00 | Timestamp |
| Tax Period End Date | 2010-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BDO USA LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7101 Wisconsin Ave Suite 800 | AddressLine1 |
| City | Bethesda | City |
| State | MD | State |
| ZIP Code | 208144827 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2009-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 560935064 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Cannon School Inc | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | CANN | NameControl |
| Phone | 7047868171 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5801 Poplar Tent Road | AddressLine1 |
| City | Concord | City |
| State | NC | State |
| ZIP Code | 28027 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Steve Jones | Name |
| Title | Director-Business and Finance | Title |
| Phone | 7047868171 | Phone |
| Date Signed | 2011-01-10 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Michael Sorrells CPA | Name |
| Phone | 3016544900 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2009 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Matthew Gossage | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5801 Poplar Tent Road | AddressLine1 |
| City | Concord | City |
| State | NC | State |
| ZIP Code | 28027 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 13635908 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | www.cannonschool.org | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1968 | YearFormation |
| State Legal Domicile | NC | StateLegalDomicile |
| Activity Or Mission Description | The school is a private institution established in 1968, which provides a comprehensive educational program for grades pre-kindergarten through twelve. The School primarily serves students in Cabarrus County, North Carolina and surrounding areas. The Cannon School community instills academic excellence and personal resonsibilty, inspires athletic and artisitic accomplishment, and promotes respect for diversity within a challenging and safe educational environment. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 20 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 19 | NbrIndependentVotingMembers |
| Total Nbr Employees | 238 | TotalNbrEmployees |
| Total Nbr Volunteers | 30 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 774776 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 1000282 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 12764006 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 12018500 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 554059 | InvestmentIncomePriorYear |
| Investment Income Current Year | 172872 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 246092 | OtherRevenuePriorYear |
| Other Revenue Current Year | 183507 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 14338933 | TotalRevenuePriorYear |
| Total Revenue Current Year | 13375161 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 846262 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 927811 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 9229239 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 8538517 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 41169 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 290457 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 4528604 | OtherExpensePriorYear |
| Other Expenses Current Year | 4213321 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 14604105 | TotalExpensesPriorYear |
| Total Expenses Current Year | 13720818 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -265172 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -345657 | RevenuesLessExpensesCY |
| Total Assets BOY | 30521975 | TotalAssetsBOY |
| Total Assets EOY | 29780288 | TotalAssetsEOY |
| Total Liabilities BOY | 15387566 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 14744355 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 15134409 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 15035933 | NetAssetsOrFundBalancesEOY |
| Mission Description | Provision of a quality K-12 educational program within a safe, diverse, and challenging environment. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 8825527 | Expense |
| Grants | 927811 | Grants |
| Revenue | 12033250 | Revenue |
| Description | primary and secondary education which benefits students without regard to race, religion or national origin. | Description |
| Total Program Service Expense | 8825527 | 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 |
| Balance Sheet Amounts Reported | 1 | BalanceSheetAmountsReported |
| 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 | 1 | 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 | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| 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 |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 70 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 238 | 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 | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Nbr Voting Governing Body Members | 20 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 19 | 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 | NC | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Organization | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 7047868171 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5801 Poplar Tent Road | AddressLine1 |
| City | Concord | City |
| State | NC | State |
| ZIP Code | 28027 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (26 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | FormerFormer |
|---|---|---|---|---|---|---|---|
| Russ Andrews | |||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||
| Bob Bratton | |||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||
| William Cox | |||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||
| Mary Margaret West | |||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||
| Roy Goode | |||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||
| Chris Gruber | |||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||
| Lawrence Kimbrough | |||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||
| Gerald Kurtz | |||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||
| Lisa Livingston | |||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||
| Amy Lovett | |||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||
| Randy McVane | |||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||
| Anne Morrison | |||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||
| John Phillips Jr | |||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||
| David Powell | |||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||
| John Rossitch | |||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||
| Susan Schneider | |||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||
| Anthony Sparrow | |||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||
| Tim Tysinger | |||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||
| Patti Wheeler | |||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | ||
| Matthew Gossage | |||||||
| Head of School | 40.00 | 351603 | 0 | 47142 | X | ||
| Shayne Cokerdem | |||||||
| Upper School Head | 40.00 | 95100 | 0 | 7608 | X | ||
| Bill Diskin | |||||||
| Admission Director | 40.00 | 92120 | 0 | 52754 | X | ||
| Matthew Rush | |||||||
| Middle School Head | 40.00 | 90000 | 0 | 20243 | X | ||
| Brian Scales | |||||||
| Advancement Director | 40.00 | 87360 | 0 | 6988 | X | ||
| Joseph Ianco Jr | |||||||
| Director of Finance | 40.00 | 59165 | 0 | 7990 | X | ||
| Dick Snyder | |||||||
| Head of SChool | 0.00 | 0 | 0 | 3830 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 775348 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 142725 | TotalOtherCompensation |
| Number Individuals GT100 K | 1 | NumberIndividualsGT100K |
| Formers Listed | 0 | 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 |
|---|---|---|---|---|---|
| Carolina Cleaning Solution | |||||
| 1611 Heather Glen Road | Kannapolis | NC | 28081 | Janitorial | 182500 |
| Liles Construction Co | |||||
| PO Box 466 | Concord | NC | 28026 | Construction | 120000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 2 | NumberOfContractorsGT100K |
| Fundraising Events | 20250 | FundraisingEvents |
| All Other Contributions | 980032 | AllOtherContributions |
| Noncash Contributions | 47325 | NoncashContributions |
| Total Contributions | 1000282 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | ExclusionExclusionAmount |
|---|---|---|---|---|
| tuition and fees | 900099 | 11985346 | 11985346 | |
| concessions and other | 900099 | 33154 | $33,154 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 12018500 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 117483 | TotalRevenueColumn |
| Exclusion | $117,483 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 14750 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 14750 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 14750 | TotalRevenueColumn |
| Exclusion | $14,750 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 69432 | Securities |
| Other | 163000 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 83662 | Securities |
| Other | 93381 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -14230 | Securities |
| Other | 69619 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 55389 | TotalRevenueColumn |
| Exclusion | $55,389 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 33128 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 20250 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 29351 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 3777 | TotalRevenueColumn |
| Exclusion | $3,777 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 101181 | GrossSalesOfInventory |
| Cost Of Goods Sold | 54353 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 46828 | TotalRevenueColumn |
| Exclusion | $46,828 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | auxiliary fundraising | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 118152 | TotalRevenueColumn |
| Exclusion | $118,152 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 118152 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 13375161 | TotalRevenueColumn |
| Related Or Exempt Function Income | 11985346 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $389,533 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 927811 | Total |
| Program Services | 927811 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 964657 | Total |
| Management And General | 964657 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6085720 | Total |
| Program Services | 4837782 | ProgramServices |
| Management And General | 1050018 | ManagementAndGeneral |
| Fundraising | 197920 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 461437 | Total |
| Program Services | 316235 | ProgramServices |
| Management And General | 132269 | ManagementAndGeneral |
| Fundraising | 12933 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 539281 | Total |
| Program Services | 368928 | ProgramServices |
| Management And General | 155265 | ManagementAndGeneral |
| Fundraising | 15088 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 487422 | Total |
| Program Services | 333803 | ProgramServices |
| Management And General | 139962 | ManagementAndGeneral |
| Fundraising | 13657 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 30000 | Total |
| Management And General | 30000 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 124595 | Total |
| Management And General | 124595 | ManagementAndGeneral |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 41169 | Total |
| Fundraising | 41169 | Fundraising |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 23698 | Total |
| Management And General | 23698 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 218369 | Total |
| Program Services | 128012 | ProgramServices |
| Management And General | 90357 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 168962 | Total |
| Management And General | 168962 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 804846 | Total |
| Program Services | 567880 | ProgramServices |
| Management And General | 236966 | ManagementAndGeneral |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 92149 | Total |
| Management And General | 92149 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 659753 | Total |
| Program Services | 240256 | ProgramServices |
| Management And General | 418252 | ManagementAndGeneral |
| Fundraising | 1245 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 87815 | Total |
| Program Services | 47447 | ProgramServices |
| Management And General | 37318 | ManagementAndGeneral |
| Fundraising | 3050 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 576138 | Total |
| Management And General | 576138 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1138015 | Total |
| Program Services | 1057373 | ProgramServices |
| Management And General | 75247 | ManagementAndGeneral |
| Fundraising | 5395 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 115167 | Total |
| Management And General | 115167 | ManagementAndGeneral |
Other Expenses OtherExpenses (2 entries)
| DescriptionDescription | TotalTotal | Management And GeneralManagementAndGeneral |
|---|---|---|
| uncollect. pledge exp | 123834 | 123834 |
| bad debt exp | 49980 | 49980 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 13720818 | Total |
| Program Services | 8825527 | ProgramServices |
| Management And General | 4604834 | ManagementAndGeneral |
| Fundraising | 290457 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 489 | BOY |
| EOY | 657 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9018994 | BOY |
| EOY | 4586508 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1287336 | BOY |
| EOY | 1092088 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 418266 | BOY |
| EOY | 511521 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 140000 | BOY |
| EOY | 120000 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15989 | BOY |
| EOY | 13994 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 176797 | BOY |
| EOY | 278255 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 23920499 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 7666042 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16815476 | BOY |
| EOY | 16254457 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2648628 | BOY |
| EOY | 6322808 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 600000 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 30521975 | BOY |
| EOY | 29780288 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 535638 | BOY |
| EOY | 576610 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5063459 | BOY |
| EOY | 4785969 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9035000 | BOY |
| EOY | 8620000 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 753469 | BOY |
| EOY | 761776 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15387566 | BOY |
| EOY | 14744355 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12699077 | BOY |
| EOY | 12682880 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2435332 | BOY |
| EOY | 2353053 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15134409 | BOY |
| EOY | 15035933 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 30521975 | BOY |
| EOY | 29780288 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| 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 | 2784413 | BeginningOfYearBalance |
| Contributions | 62158 | Contributions |
| Investment Earnings Or Losses | 399254 | InvestmentEarningsOrLosses |
| Other Expenditures | 23699 | OtherExpenditures |
| End Of Year Balance | 3222126 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 3374348 | BeginningOfYearBalance |
| Contributions | 16100 | Contributions |
| Investment Earnings Or Losses | -573835 | InvestmentEarningsOrLosses |
| Other Expenditures | 32200 | OtherExpenditures |
| End Of Year Balance | 2784413 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.62000 | BoardDesignatedEOYBalance |
| Term Endowment EOY Balance | 0.38000 | 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 | 501819 | OtherCostOrOtherBasis |
| Book Value | 501819 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 19369139 | OtherCostOrOtherBasis |
| Depreciation | 4559968 | Depreciation |
| Book Value | 14809171 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 4049541 | OtherCostOrOtherBasis |
| Depreciation | 3106074 | Depreciation |
| Book Value | 943467 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 16254457 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| valuation of derivative instrument | $604,926 |
| capital leases | $156,850 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 761776 | TotalOfAmounts |
| Total Revenue | 13375161 | TotalRevenue |
| Total Expenses | 13720818 | TotalExpenses |
| Excess Or Deficit For Year | -345657 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 353399 | NetUnrealizedGLOnInvestments |
| Other | -$106,218 | OtherAmount |
| Total Adjustments | 247181 | TotalAdjustments |
| Excess Or Deficit Per FS | -98476 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 12884453 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 353399 | NetUnrealizedGainsInvestments |
| Other Revenues | 83704 | OtherRevenues |
| Revenue Not Rptd F990 | 437103 | RevenueNotRptdF990 |
| Revenue Subtotal | 12447350 | RevenueSubtotal |
| Other Revenues Not Included | 927811 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 927811 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 13375161 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 12982929 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 83704 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 83704 | ExpensesNotRptdF990 |
| Expenses Subtotal | 12899225 | ExpensesSubtotal |
| Other Expenses Not Included | 821593 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 821593 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 13720818 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (7 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Part V, Line 4: | Description of Intended Use of Endowment Funds: | Endowment funds are used to fund a variety of programs that are aligned with the school's exempt purpose. Those funds with donor imposed restrictions are expended according to the donor restrictions. There are spending policies based upon investment returns. |
| Part X: | Description of Uncertain Tax Positions Under FIN 48: | ASC 740 (formerly Financial Accounting Standards Board ("FASB") Interpretation No. 48, Accounting for Uncertainty in Income Taxes-an Interpretation of FASB Statement No. 109), was adopted as of July 1, 2008. This interpretation was enacted to clarify uncertainty in income taxes recognized in the financial statements in accordance with ASC 740. Under ASC 740, an entity must recognize a tax benefit or expense from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The School has no uncertain tax positions as of June 30, 2010. |
| Part XI, Line 8 - Other Adjustments: | unrealized gains (losses) on Interest rate Swap: -106218. | |
| Part XII, Line 2d - Other Adjustments: | cost of goods sold: 54353. Fundraising Expense: 29351. | |
| Part XII, Line 4b - Other Adjustments: | financial aid netted on financial statements: 927811. | |
| Part XIII, Line 2d - Other Adjustments: | cost of goods sold: 54353. Fundraising Expense: 29351. | |
| Part XIII, Line 4b - Other Adjustments: | unrealized gains (losses) on Interest rate Swap: -106218. financial aid netted on financial statements: 927811. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 0 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 0 | PolicyPublViaBroadcastMedia |
| Pub Via Broadcast Media Expln | The policy is written in our applications only, but is not actively publicized via media outlets. | PubViaBroadcastMediaExpln |
| 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 |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mail Solicitations | X | MailSolicitations |
| Email Solicitations | X | EmailSolicitations |
| Phone Solicitations | X | PhoneSolicitations |
| In Person Solicitations | X | InPersonSolicitations |
| Special Fundraising Events | X | SpecialFundraisingEvents |
| Agreement Ref Fundraising | 0 | AgreementRefFundraising |
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | 40th Birthday Party | NameOfEvent1 |
| Gross Receipts Event1 | 53378 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 20250 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 33128 | GrossRevenueEvent1 |
| Other Direct Expenses Event1 | 29351 | OtherDirectExpensesEvent1 |
| Gross Receipts Total | 53378 | GrossReceiptsTotal |
| Charitable Contributions Total | 20250 | CharitableContributionsTotal |
| Gross Revenue Total Events | 33128 | GrossRevenueTotalEvents |
| Other Direct Expenses Total Events | 29351 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 29351 | DirectExpenseSummaryEvents |
| Net Income Summary | 3777 | 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 | Tuition Financial Aid | TypeOfGrant |
| Number Of Recipients | 141 | NumberOfRecipients |
| Amount Of Cash Grant | 927811 | AmountOfCashGrant |
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 awards are administered by the school and are used to offset charges to student accounts. No exchange of real funds ever takes place. The award is simply a credit towards the tuition balance. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Idemnification Gross Up Payments | X | IdemnificationGrossUpPayments |
| Discretionary Spending Account | X | DiscretionarySpendingAccount |
| Club Dues Or Fees | X | ClubDuesOrFees |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Written Employment Contract | X | WrittenEmploymentContract |
| 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
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Matthew Gossage | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Base Compensation Filing Org | 304290 | BaseCompensationFilingOrg |
| Other Compensation Filing Org | 47313 | OtherCompensationFilingOrg |
| Deferred Comp Filing Org | 24342 | DeferredCompFilingOrg |
| Nontaxable Benefits Filing Org | 22800 | NontaxableBenefitsFilingOrg |
| Total Compensation Filing Org | 398745 | TotalCompensationFilingOrg |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | Part I, Line 1a | ReturnReference |
| Explanation | The school provides the Head of School with grossed-up payments to reimburse the Head for tuition payments related to his children's attendance at Cannon. The School also provides the Head with a discretionary spending account that can be used for travel and other activities related to School business. Finally, the school also reimburses the Head for membership dues to his country club. | Explanation |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | North Carolina Capital Facilities Finance Agency | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Issuer EIN | 561592154 | IssuerEIN |
| Date Issued | 2010-03-03 | DateIssued |
| Issue Price | 9035000 | IssuePrice |
| Description Of Purpose | Educational facility construction | DescriptionOfPurpose |
| Defeased | 0 | Defeased |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
Form990 Schedule K Part II Form990ScheduleKPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Year Of Subst Completion | 2010 | YearOfSubstCompletion |
| Current Refunding | 1 | CurrentRefunding |
| Advance Refunding | 0 | AdvanceRefunding |
| Final Allocation Made | 1 | FinalAllocationMade |
| Adequate Books And Recds Maintaind | 1 | AdequateBooksAndRecdsMaintaind |
Form990 Schedule K Part III Form990ScheduleKPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Owning Bond Financed Property | 0 | OwningBondFinancedProperty |
| Any Lease Arrangements | 0 | AnyLeaseArrangements |
| Mngment Cntrct Bond Financd Prprty | 0 | MngmentCntrctBondFinancdPrprty |
| Any Research Agreements | 0 | AnyResearchAgreements |
| Bond Counsel Routinely Engaged | 0 | BondCounselRoutinelyEngaged |
| Post Issuance Compliance Procdrs | 0 | PostIssuanceComplianceProcdrs |
Form990 Schedule K Part IV Form990ScheduleKPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8038 T Filed | 0 | Form8038TFiled |
| Variable Rate Issue | 1 | VariableRateIssue |
| Hedge Identified In Books And Recds | 0 | HedgeIdentifiedInBooksAndRecds |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGIC |
| Regulatory Safe Harbor Satisfied | 0 | RegulatorySafeHarborSatisfied |
| Gross Proceeds Invested | 0 | GrossProceedsInvested |
| Exception To Rebate | 1 | ExceptionToRebate |
Schedule L IRS990ScheduleL
Loan Table LoanTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | Matthew Gossage | NamePerson |
| Purpose Of Loan | Home purchase | PurposeOfLoan |
| Loan From Organization | X | LoanFromOrganization |
| Original Principal | $200,000 | OriginalPrincipalAmount |
| Balance Due | 120000 | BalanceDue |
| Default | 0 | Default |
| Approved By Board | 1 | ApprovedByBoard |
| Written Agreement | 1 | WrittenAgreement |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | 120000 | TotalBalanceDue |
Schedule M IRS990ScheduleM
Other Non Cash Contributions Table OtherNonCashContributionsTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Description | IT hardware | Description |
| Number Of Contributions | 5 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 47325 | 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 | 0 | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (5 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| Form 990, Part VI, Section B, line 11 | The School's Controller, Director of Finance, and Board Treasurer will review the draft 990 before it is submitted for final filing. | |
| Form 990, Part VI, Section B, line 12c | Trustees are required to review and sign this document annually. Currently, officers and key employees are not required to sign this document, but the school is studying the benefits of extending this policy to its officers & key employees. The Head of School's assistant collects all signed conflict of interest policies from trustees and reviews for any potential issues. These are collected from all new trustees as they change during the year. | |
| Form 990, Part VI, Section B, line 15 | The School has a Compensation Committee for its Head of School that undertook initial studies of comparability data to determine the Head's overall compensation. Additionally, the compensation is re-examined on a periodic basis to make the same determination. The school has a full-time HR Director that assists in pulling together compensation market data for any given position that the School is attempting to fill. This information is used as a guideline for arriving at the specific compensation level of the individual filling the position. | |
| Form 990, Part VI, Section C, line 19 | The organization makes its governing documents, conflict of interest polciy, and financial statements available to the public upon request. | |
| Form 990, Part XI, Line 2c | The Finance Committee oversees the selection of the audit firm and approval of the audited statements. | Oversight of audit |
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