2011-05-13T09:49:46-05:00 2010-06-30 DIXON HUGHES GOODMAN LLP 500 Ridgefield Court Asheville NC 28806 990 2009-07-01 560125490 CAROLINA DAY SCHOOL INC CARO 8282740757 1345 HENDERSONVILLE ROAD ASHEVILLE NC 28803 Russell Slipher 8282740757 2011-05-13 1 Amy Bibby 8282542254 2009 2016-02-24 21:20:13Z Russell Slipher 1345 HENDERSONVILLE ROAD ASHEVILLE NC 28803 12615174 0 X www.cdschool.org X 1936 NC PROVIDING EDUCATIONAL SERVICES TO THE COMMUNITY 18 17 250 490 0 0 1431023 558503 10952937 11749615 129633 68378 174755 21165 12688348 12397661 1042157 1375805 0 8368493 8520151 36174 0 545321 4767493 2916096 14214317 12812052 -1525969 -414391 21433503 21515726 2074467 2239584 19359036 19276142 CDS EXISTS TO PROVIDE PARENTS AND CHILDREN IN THE GREATER ASHEVILLE AREA WITH A HIGH QUALITY, INDEPENDENT ALTERNATIVE TO PUBLIC AND PAROCHIAL SCHOOLS. 0 0 10328025 1375805 11749615 SEE SCHEDULE O ACCREDITED PRE-KINDERGARTEN THROUGH 12TH GRADE SCHOOL FOR BOYS AND GIRLS PROVIDING EDUCATIONAL AND RELATED SERVICES; APPROXIMATELY 661 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 2009: 1890 - (636 CRITICAL READING / 626 MATH / 628 WRITING)SCHOLARSHIPS EARNED BY CLASS OF 2009: $1.2 MILLIONNATIONAL MERIT SCHOLARSHIP PROGRAM: THE CLASS OF 2010 HAS FIVE STUDENTS INVITED TO COMPETE IN THE NATIONAL MERIT SCHOLARSHIP COMPETITION AND TWO ARE SEMI-FINALISTS. THE CLASS OF 2009 HAD SEVEN STUDENTS INVITED TO COMPETE, ONE WAS NAMED A NATIONAL WINNER, THREE WERE FINALISTS, AND THREE WERE COMMENDED SCHOLARS. ADVANCED PLACEMENT PROGRAM : CDS OFFERS 17 AP COURSES ACROSS THE FULL SPECTRUM OF OUR ACADEMIC PROGRAMSTUDENTS 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: FOR THE PAST FIVE YEARS, THE CDS MATH TEAM HAS WON FIRST PLACE IN 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 36 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: 77 SINCE 1995 INCLUDING 21 TEAM AND 56 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. BETWEEN 15-20 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 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 2,761 ALUMNI ARE MEMBERS OF THE ALUMNI ASSOCIATION AND 63 CHILDREN OF 43 ALUMNI ARE CURRENTLY ENROLLED. 10328025 1 1 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 50 0 250 1 0 0 0 0 1 1 1 1 0 0 0 18 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X X RUSS SLIPHER CFO 8282740757 1345 HENDERSONVILLE ROAD Asheville NC 28803 DR CHARLES R GERSHON 5.00 X X 0 0 0 CHARLES KEITH LOVE 2.50 X X 0 0 0 JEFFREY BAKER 2.00 X X 0 0 0 CHRISTINE NEVANT 1.00 X X 0 0 0 PAMELA TURNER 1.00 X X 0 0 0 MARY M DOWNES 1.00 X 0 0 0 JOHN FAV CECIL 1.00 X 0 0 0 WILLIAM T GAY 1.00 X 0 0 0 PAUL F DISMUKES 1.00 X 0 0 0 BRENDA G NASH 1.00 X 0 0 0 JACKIE LALOR 1.00 X 2445 0 0 CHARLES PICKELSIMER III 1.00 X 0 0 0 JOHN RE RUHL SR 1.00 X 0 0 0 ELIZABETH H TINDALL 1.00 X 0 0 0 DR JOHN E VAN WYE 1.00 X 0 0 0 MARIA BRYAN 1.00 X 0 0 0 DR ROLAND M ZAHN 1.00 X 0 0 0 BETSY JORDAN 1.00 X 0 0 0 DR BEVERLY H SGRO 50.00 X 176076 0 86795 RUSSELL E SLIPHER JR 50.00 X 82545 0 11400 CLAUDIA SHERRY 50.00 X 97357 0 19462 ROBERT W HILL III 50.00 X 101108 0 30691 459531 0 148348 2 0 1 0 R & W INCORPORATED PO BOX 15389 ASHEVILLE NC 28813 CONTRUCTION 294683 INSPECTION READY CLEANING PO BOX 1623 SKYLAND NC 28776 CLEANING SERVICE 158761 ELECTRONIC OFFICE 125 SWEETEN CREEK RD ASHEVILLE NC 28806 COMPUTER MAINTENANCE 133582 3 558503 79065 558503 TUITION & FEES 611710 11749615 11749615 11749615 84763 84763 187705 188074 16016 -369 -16016 -16385 -16385 20956 13423 7533 7533 BOOK INCOME 611710 5458 5458 MISCELLANEOUS 611710 4465 4465 SCHOOL STORE/SUPPLIES 611710 3709 3709 13632 12397661 11749615 0 89543 1375805 1375805 480207 239623 94078 146506 5886350 4710899 900234 275217 271075 212921 44393 13761 1429159 1189402 191267 48490 453360 343365 89314 20681 23652 23652 45967 45967 499 499 430097 156080 273252 765 47545 47545 369339 190974 148192 30173 173430 173430 325695 325695 51387 51387 9193 9193 16588 6860 9728 570087 570087 71120 71120 CLASS/EDUCATION EXPENSE 485885 485885 OTHER EDUCATIONAL EXPEN 172538 172538 ACTIVITY/ATHLETIC EXPEN 87876 87876 BAD DEBT EXPENSE 35198 35198 12812052 10328025 1938706 545321 400 400 1056596 1991823 3245507 2431508 219655 170979 82608 152178 20404626 6627651 14097603 13776975 2731134 2991863 21433503 21515726 1228453 1217124 788884 957091 57130 65369 2074467 2239584 X 15307598 15118481 2028990 2043964 2022448 2113697 19359036 19276142 21433503 21515726 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2723565 41495 386048 163056 2988052 3453115 117153 -679699 75061 91943 2723565 0.29900 0.69900 0.00200 0 0 3709505 3709505 12216432 4812601 7403831 1943909 1493708 450201 2534780 321342 2213438 13776975 CAPITAL LEASE OBLIGATIONS - COMPUTERS 65369 65369 12397661 12812052 -414391 331497 331497 -82894 12742581 331497 331497 12411084 -13423 -13423 12397661 12825475 13423 13423 12812052 0 12812052 Part V, Line 4: Description of Intended Use of Endowment Funds: 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. Part XII, Line 4b - Other Adjustments: SPECIAL EVENTS EXPENSES: -13423. Part XIII, Line 2d - Other Adjustments: SPECIAL EVENTS EXPENSES: 13423. 1 1 1 CAROLINA DAY SCHOOL ADMINISTERS ITS ADMISSIONS, SCHOLARSHIP, ATHLETIC, PERSONNEL, AND OTHER PROGRAMS WITHOUT REGARD TO RACE, CREED, COLOR, NATIONAL OR ETHNIC ORIGIN. 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHOOL SUPPLY SALES 16444 16444 12589 KEY SCHOOL BAKE SALE 4512 4512 834 2 20956 20956 13423 13423 7533 1 MERIT SCHOLARSHIPS 25 106525 FMV NEED-BASED FINANCIAL AID 129 1269280 FMV Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: THE ORGANIZATION HAS SET PROCEDURES FOR DETERMINING THE FINANCIAL NEED OF STUDENTS WHO ARE APPLYING FOR FINANCIAL AID AND THE GRANTING OF FINANCIAL AID. ELIGIBLE STUDENTS ARE CHOSEN AS GRANT RECIPIENTS BASED ON FINANCIAL NEED AND MERIT. X X X X X 0 1 0 0 0 0 0 0 0 DR BEVERLY H SGRO 176076 0 0 0 0 0 68458 0 18337 0 262871 0 0 0 Part I, Line 4a THE HEAD OF SCHOOL, DR. BEVERLY SGRO, PARTICIPATED IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. DURING THE YEAR $59,359 WAS DEFERRED UNDER THIS PLAN. X 3 56287 FMV 0 0 1 Third Party Use: Part I, Line 32b: The organization uses third party financial advisors to process and sell donated stocks upon receipt. 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. Form 990, Part VI, Section B, line 12c 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 15a 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 C, line 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY AVAILABLE UPON REQUEST.