2011-02-14T16:19:24-06:00 2010-06-30 Thomas Judy & Tucker P A 4505 Falls of Neuse Road Suite 450 Raleigh NC 27609 990 2009-07-01 561894697 Cary Christian School Incorporated CARY 9193032560 1330 Old Apex Rd Cary NC 27513 RICK WHARTON 9193032560 2011-02-09 1 Kristen Hoyle CPA 9195717055 2009 2016-02-24 21:20:13Z RICK WHARTON 1330 Old Apex Rd Cary NC 27513 4243388 0 X www.carychristianschool.org X 1994 NC Providing an excellent classical education founded upon a Biblical worldview. 7 7 91 100 0 0 413517 342692 3551458 3791617 9542 1021 78278 3974517 4213608 0 0 1955724 1591177 0 0 1932344 2391814 3888068 3982991 86449 230617 11266039 11679370 7937888 8120602 3328151 3558768 Providing an excellent classical education founded upon a Biblical worldview. 0 0 2832848 3791617 Provided instruction to students in the vicinity of Cary, NC in grades kindergarten through twelfth grade. 2832848 1 1 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 29 0 91 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 0 1 1 0 NC X Ellen Cureton 9193032560 1330 Old Apex Rd Cary NC 27513 Rick Wharton 1.00 X X 0 0 0 Tim McClelland 1.00 X 0 0 0 Jay Bolick 1.00 X 0 0 0 Wes Montgomery 1.00 X X 0 0 0 Mark Clarkson 1.00 X X 0 0 0 John Hiester 1.00 X X 0 0 0 Mark Hartley 1.00 X 0 0 0 Larry Stephenson 40.00 X 164990 0 15721 164990 0 15721 1 0 1 0 0 103427 239265 14055 342692 TUITION AND FEES 900099 3654546 3654546 OTHER SCHOOL ACTIVITIE 900099 137071 137071 3791617 3697 3697 9500 12176 -2676 -2676 -2676 95882 103427 17604 78278 78278 4213608 3791617 0 79299 157911 157911 1151714 1151714 138940 138940 142612 142612 14337 14337 254345 254345 FACILITIES 927966 927966 OFFICE AND ADMINISTRATI 704617 704617 EDUCATIONAL EXPENSES 216076 216076 DEVELOPMENT AND PROMOTI 176844 176844 OTHER 97629 97629 3982991 2832848 1150143 0 2185629 2407893 689840 908770 155183 201906 104043 95945 9479397 1414541 8131344 8064856 11266039 11679370 41288 42484 665005 851306 6821206 6586035 410389 640777 7937888 8120602 X 3172968 3022311 155183 536457 3328151 3558768 11266039 11679370 X 0 1 0 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 34762 34762 28909 5853 34762 1016920 1016920 7891126 1063336 6827790 571351 351205 220146 8064856 PAYROLL LIABILITIES 192 ACCRUED INTEREST 35177 ACCRUED HOLDING LOSS ON INTEREST RATE SWAP 605408 640777 4213608 3982991 230617 0 230617 4213608 0 4213608 0 4213608 3982991 0 3982991 0 3982991 Part X: Description of Uncertain Tax Positions Under FIN 48: Effective July 1, 2009, the school implemented the accounting guidance for uncertainty in income taxes using the provision of Financial Accounting Standards Board, Income Taxes. Using that guidance, tax positions initially need to be recognized in the financial statements when it is more-likely-than-not the position will be sustained upon examination by the tax authorities. As of June 30, 2010, the school had no uncertain tax positions that qualify for either recognition or disclosure in the financial statements. 1 1 1 Publication of nondiscriminatory policy advertisement placed in local newspaper annually. 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SHN 79178 77555 1623 7500 3401 299 11 32 Auction 92123 22865 69258 12303 800 7205 1 28008 3007 25001 740 1090 5389 3134 2397 199309 103427 95882 8240 4491 5688 15448 800 9634 44301 51581 X 1 1 X X 0 0 0 0 0 0 0 0 0 Larry Stephenson 164990 0 0 0 0 0 0 0 15721 0 180711 0 152914 0 Karen Bolick Employee of organization and spouse of board Member 17340 Payroll 0 John Hiester Treasurer of the Board and owner of Hiester Automotive 12724 Business Purchase 0 Tim McClelland Board Member 8000 Business Purchase 0 JoAnn Wharton Employee of Organization and spouse of President of Board Member 17860 Payroll 0 Lisa Hiester Employee of Organization and spouse of Treasurer of Board Member 20595 Payroll 0 Kelly Stephenson Employee of organization and spouse of superintendent 10815 Payroll 0 Jon Dion Employee of organization and son-in-law of superintendent 55000 Payroll 0 Form 990, Part VI, Section A, line 6 Cary Christian School, Inc. requires all of our families to be members of the corporation with membership renewed annually each January. Form 990, Part VI, Section A, line 7a The corporation members vote each year to elect the board members. Board members serve two-year terms. Form 990, Part VI, Section A, line 7b The corporation members vote each year to elect the board members. Board members serve two-year terms. Form 990, Part VI, Section B, line 11 The Form 990 is reviewed by the business manager, the Superintendent and the Board Treasurer prior to filing. Form 990, Part VI, Section B, line 12c The Board commits itself and its members to biblical, ethical, professional, and lawful conduct, including proper use of authority and appropriate decorum when acting as Board members. Members must represent loyalty without conflict to the interests of the ownership. This accountability supersedes any conflicting loyalty such as that to advocacy or interest groups and membership on other Boards or staffs. It also supersedes the personal interest of any Board member acting as a consumer of the organization's services. Members must avoid conflict of interest with respect to their fiduciary responsibility. Board members may not attempt to exercise individual authority over the organization except as explicitly set forth in Board policies and Board members will respect the confidentiality appropriate to issues of a sensitive nature. Form 990, Part VI, Section B, line 15 The Cary Christian School Policy Governance Manual states that the Board reviews full compensation for Superintendent annually with increases/changes based on performance and other factors. Comparative data is used from public/private educational sector and consideration of applicable business factors. One member and the President present recommendation to board for any changes. Recommendation is discussed with the goal (but not requirement) of reaching consensus. Final package recorded in executive session minutes and presented via letter from board to Superintendent. Form 990, Part VI, Section C, line 19 The Cary Christian School (CCS) Policy Governance Manual is maintained on the CCS website. The conflict of interest policy is included in that manual. The Form 990 and financial statements are kept on site and is available upon request for public inspection. Form 990, Part XI, Line 2C Process has not changed from prior year.