2011-11-09T15:42:08-06:00 2011-06-30 GREER & WALKER LLP 227 WEST TRADE STREET SUITE 1100 CHARLOTTE NC 28202 990 2010-07-01 560952382 PROVIDENCE DAY SCHOOL INC PROV 7048876014 5800 SARDIS ROAD CHARLOTTE NC 28270 PAUL IBSEN 7048876014 2011-11-15 1 AMANDA C MURPHY 7043770239 2011-11-09 2010 2016-03-07 17:11:31Z STEPHEN BARKER 5800 SARDIS ROAD CHARLOTTE NC 28270 29265438 0 X WWW.PROVIDENCEDAY.ORG X 1971 NC PROVIDENCE DAY SCHOOL EXISTS TO INSPIRE IN ITS STUDENTS A PASSION FOR LEARNING, A COMMITMENT TO PERSONAL INTEGRITY AND A SENSE OF SOCIAL RESPONSIBILITY. 21 21 558 783 0 0 1208823 1326447 26981837 27662025 287563 267262 0 0 28478223 29255734 0 0 0 0 20648721 21378297 50000 0 866831 8015339 9123600 28714060 30501897 -235837 -1246163 56338761 60692329 25905745 30028773 30433016 30663556 X PROVIDENCE DAY SCHOOL EXISTS TO INSPIRE IN ITS STUDENTS A PASSION FOR LEARNING, A COMMITMENT TO PERSONAL INTEGRITY AND A SENSE OF SOCIAL RESPONSIBILITY. PDS CENTERS ALL GOALS AND EFFORTS ON THE COMPREHENSIVE DEVELOPMENT OF THE STUDENT. THE SCHOOL PROVIDES A STRONG COLLEGE PREPARATORY EDUCATION AND GUIDES GROWTH THROUGH AN APPRECIATION FOR AESTHETIC, CULTURAL, AND MORAL VALUES. THE SCHOOL CREATES AN ENVIRONMENT THAT ENCOURAGES THE IMPORTANCE OF EDUCATION AND THE VALUE OF APPROACHING LIFE WITH CONFIDENCE AND ENTHUSIASM. PARENT INVOLVEMENT AND SUPPORT OF THE EFFORTS OF THE SCHOOL ARE ESSENTIAL TO EACH STUDENT'S SUCCESS. IN ADDITION, THE SCHOOL RELIES ON THE LARGER PDS FAMILY, INCLUDING TRUSTEES, PARENTS, PARENTS OF ALUMNI, STUDENTS, ALUMNI, AND FRIENDS OF THE SCHOOL AS A POWERFUL TEAM TO ACHIEVE ITS GOALS. 0 0 20032743 25732078 TUITION AND FEES PROGRAMS - PROVIDENCE DAY SCHOOL IS AN INDEPENDENT TRANSITIONAL KINDERGARTEN (TK) THROUGH GRADE 12 COLLEGE PREPARATORY SCHOOL LOCATED IN SOUTHEAST CHARLOTTE ON A FORTY-FIVE ACRE CAMPUS. IN 2003, PROVIDENCE DAY WAS RECOGNIZED AS A BLUE RIBBON SCHOOL OF EXCELLENCE BY THE UNITED STATES DEPARTMENT OF EDUCATION. PROVIDENCE DAY SCHOOL EXISTS TO INSPIRE IN ITS STUDENTS A PASSION FOR LEARNING, A COMMITMENT TO PERSONAL INTEGRITY AND A SENSE OF SOCIAL RESPONSIBILITY. 1024385 850906 SUMMER SCHOOL PROGRAM - SUMMER PROGRAMS ARE AVAILABLE TO ALL GRADES. PDS OFFERS A VARIETY OF COURSES IN ARTS, CRAFTS, ACTING, SPORTS, COOKING AND MUSIC. ADDITIONALLY, STUDENTS MAY ENROLL IN SUMMER ACADEMIC COURSES SUCH AS "BUILDING THE READING FOUNDATION THROUGH PHONICS" FOR LOWER SCHOOL STUDENTS TO EARNING A SEMESTER CREDITS FOR UPPER SCHOOL STUDENTS (IN AREAS SUCH AS MATH AND ENGLISH). 1005620 661951 EXTENDED DAY PROGRAM - THE EXTENDED DAY PROGRAM HAS DEVELOPED INTO A PROGRAM DEEMED ONE OF THE TOP 10 IN THE NATION. THE PROGRAM CREATES AFTERNOONS THAT PROVIDE AN EXPERIENCE UNLIKE ANY OTHER. THE TEACHERS' RELATIONSHIP WITH STUDENTS PROVIDES A WONDERFUL FOUNDATION OF SECURITY AND ENCOURAGEMENT, AND THEIR ENTHUSIASM BUILDS ON MOTIVATING STUDENTS TO TRY SOMETHING NEW. EXTENDED DAY PROGRAM INCLUDES TEACHING PIANO, GUITAR, THEATER, KARATE, GYMNASTICS, ICE SKATING, DANCE, CHEERLEADING, CHESS, LACROSSE AND TENNIS. 547526 417090 547526 417090 22610274 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 136 0 1 558 1 0 0 0 0 0 0 0 0 0 0 X 21 21 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X MR PAUL IBSEN 7048876014 5800 SARDIS ROAD CHARLOTTE NC 28270 ROSALYN ALLISON-JACOBS 20.00 X 0 0 0 WALTER BRIDGEMAN 20.00 X 0 0 0 ROBERT BRINKLEY 20.00 X X 0 0 0 WALTER DAVIS 20.00 X 0 0 0 STEPHEN DE MAY 20.00 X 0 0 0 THOMAS DUNCAN 20.00 X 0 0 0 ANDY FINK 20.00 X 0 0 0 SCOTT GORELICK 20.00 X 0 0 0 PEYTON HOWELL 20.00 X X 0 0 0 WILLIAM IVES 20.00 X 0 0 0 JAMES JACOBSON JR 20.00 X 0 0 0 CLARK KINLIN 20.00 X 0 0 0 DEE DEE LEEOLOU 20.00 X 0 0 0 LISA MONTGOMERY 20.00 X 0 0 0 SAMIR PATEL 20.00 X 0 0 0 DR BENJAMIN E ROBINSON III 20.00 X 0 0 0 JUDITH SCHINDLER-WALLACH 20.00 X 0 0 0 ROBERT SCHWEITZER 20.00 X X 0 0 0 WYATT L SMITH 20.00 X 0 0 0 KATHLEEN STEWART 20.00 X 0 0 0 ROBERT TOTH 20.00 X X 0 0 0 STEPHEN BARKER 40.00 X 120555 0 21024 PAUL IBSEN 40.00 X 180577 0 23118 BEN TOPHAM 40.00 X 167696 0 22108 SAM CAUDILL 40.00 X 117069 0 20652 BARBARA FRICKE 40.00 X 117748 0 29245 CYNTHIA GIBBS-WILBORN 40.00 X 117159 0 16046 BRUCE HARDIN 40.00 X 107681 0 4569 JACK CREEDEN 0.00 X 286297 0 35917 1214782 0 172679 8 1 1 0 0 1326447 1326447 TUITION AND FEES 611600 25732078 25732078 SUMMER SCHOOL 611710 850906 850906 EXTENDED DAY PROGRAMS 611710 661951 661951 SCHOOL STORE 611710 181314 181314 TRANSPORTATION 611710 103443 103443 132333 132333 27662025 269867 269867 7099 9704 -2605 -2605 -2605 29255734 27662025 0 267262 683447 493014 175975 14458 15764657 11463959 3974176 326522 680147 490629 175129 14389 3087865 2227453 795087 65325 1162181 838348 299247 24586 41183 41183 54887 54887 38690 38690 122758 122758 375526 365906 8890 730 571798 571798 1089323 785798 280480 23045 359162 345447 12674 1041 686003 494858 176633 14512 1621756 1169876 417572 34308 79000 56988 20341 1671 STUDENT AUXILIARY ACTIV 1381399 1381399 TEXTBOOKS & SUPPLIES 925113 912007 13106 BOND ISSUANCE COSTS 624708 624708 BAD DEBT EXPENSE 357037 357037 ADMISSIONS/RECRUITMENT 179814 179814 615443 388086 3871 223486 30501897 22610274 7024792 866831 12721635 16622040 1472847 1011262 235291 239788 164235 118141 784142 600485 50541004 19433986 31069895 31107018 9657651 10753151 233065 240444 56338761 60692329 1675151 1638452 12280507 12430719 10340000 15790000 216155 1393932 169602 25905745 30028773 X 26744271 26627954 1735242 1914849 1953503 2120753 30433016 30663556 56338761 60692329 X -1246163 1476703 X X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4493450 238459 828457 63165 5497201 3865455 129086 498959 50 4493450 4335267 214554 -721009 -36603 3865415 0.54880 0.38580 0.06540 0 0 4727734 4727734 33104960 11260971 21843989 4118295 3260792 857503 8590015 4912223 3677792 31107018 FIXED INCOME FUNDS 845557 F ENDOWMENT FUNDS 5497201 F UNRESTRICTED FUNDS 4410393 F 10753151 AGENCY FUNDS 167725 VALUATION OF INTEREST RATE SWAP 1877 169602 29255734 30501897 -1246163 1563803 -87100 1476703 230540 30822142 1563803 1563803 29258339 -2605 -2605 29255734 30591602 89705 89705 30501897 0 30501897 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE ENDOWMENT FUNDS ARE USED FOR THE FOLLOWING: FINANCIAL AID FOR STUDENTS, TEACHER OF THE YEAR AWARDS, HUMANITIES AWARD, TEACHER PROFESSIONAL DEVELOPMENT, LEARNING SPECIALIST SALARY, RECRUITMENT EXPENSE FOR DIVERSE BACKGROUND APPLICANTS, AND SCHOLARSHIP FOR TUITION FOR PDS SENIOR STUDENT. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE ORGANIZATION RECORDS LIABILITIES FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN WHEN THOSE POSITIONS ARE DEEMED UNCERTAIN TO BE UPHELD IN AN EXAMINATION BY TAXING AUTHORITIES. AS OF JUNE 30, 2011, THE TAX YEARS ENDED JUNE 30, 2008 THROUGH 2011 WERE OPEN FOR POTENTIAL EXAMINATION BY TAXING AUTHORITIES. NO LIABILITIES FOR UNCERTAIN INCOME TAX POSITIONS WERE RECORDED AS OF JUNE 30, 2011 AND 2010. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN VALUE OF DERIVATIVE INSTRUMENT -87,100. PART XII, LINE 4B - OTHER ADJUSTMENTS: GAIN/LOSS ON SALE OF ASSETS RECORDED AS EXPENSE ITEM FOR AUDIT PURPOSES -2,605. PART XIII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF DERIVATIVE INSTRUMENT 87,100. GAIN/LOSS ON SALE OF ASSETS RECORDED AS EXPENSE ITEM FOR AUDIT PURPOSES 2,605. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 THE STATEMENT IS PLACED IN SCHOOL CATALOGS AND BROCHURES. IN ADDITION AN ADVERTISEMENT HAS BEEN PLACED IN THE CHARLOTTE OBSERVER (THE LARGEST NEWSPAPER IN THE CHARLOTTE, NC AREA). X 1 1 X 1 0 0 0 0 0 0 0 0 PAUL IBSEN 180577 0 0 0 0 0 3417 0 19701 0 203695 0 0 0 BEN TOPHAM 167696 0 0 0 0 0 3249 0 18859 0 189804 0 0 0 JACK CREEDEN 286297 0 0 0 0 0 0 0 35917 0 322214 0 0 0 PART I, LINE 1A HOUSING ALLOWANCE: A HOUSING ALLOWANCE WAS PROVIDED TO STEVE BARKER WHO IS INTERIM HEADMASTER OF PROVIDENCE DAY SCHOOL, INC. THE HOUSING ALLOWANCE WAS PROVIDED IN THE AMOUNT OF $15,000. PART I, LINE 4A SEVERANCE PAYMENT: FORMER HEADMASTER JOHN CREEDEN RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $329,851. THE INDUSTRIAL DEVELOPMENT AUTHORITY OF THE COUNTY OF PIMA 860445981 721901JR8 2010-09-23 15471825 REFINANCE OF CURRENT BOND AND FUNDS FOR IMPROVEMENTS AND OPERATIONS 0 0 0 15471825 1021031 10340000 309437 1222516 2578842 0 1 0 1 0 0 0 0 1 0 0 0 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 A COPY OF FORM 990 WAS PROVIDED TO THE ORGANIZATION'S GOVERNING BODY FOR REVIEW PRIOR TO FILING. HOWEVER, THIS COPY DID NOT INCLUDE THE NAMES AND ADDRESSES OF CONTRIBUTORS ON SCHEDULE B. FORM 990, PART VI, SECTION B, LINE 12C PROVIDENCE DAY SCHOOL MAINTAINS A WRITTEN CONFLICT OF INTEREST POLICY. EACH TRUSTEE AND EMPLOYEE IS REQUIRED TO CERTIFY HIS COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY EACH YEAR. THE COMPANY REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 COMPARABLE DATA FROM 52 SCHOOLS THAT ARE SUBSTANTIALLY THE SAME (JRPO BENCHMARK) IS USED IN DETERMINING COMPENSATION. THE BOARD USES COMPARABLE DATA FOR COMPENSATION FOR THE HEADMASTER. THE HEADMASTER USES THE DATA FOR COMPENSATION OF MANAGEMENT AND KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 1,563,803. CHANGE IN VALUE OF DERIVATIVE INSTRUMENT -87,100. TOTAL TO FORM 990, PART XI, LINE 5: 1,476,703. FORM 990, PART XI, LINE 2C: THE PROCESS OF HAVING A COMMITTEE THAT OVERSEES THE AUDIT OF THE FINANCIAL STATEMENTS HAS NOT CHANGED FROM THE PRIOR YEAR.