2011-04-18T09:40:50-05:00 2010-06-30 Davenport Marvin Joyce & CoLLP 509 West Main Street Sanford NC 27332 990 2009-07-01 237125932 Sandhills Independent School Corporation SAND 9106926920 PO Box 290 Southern Pines NC 28388 EDWARD T PHILLIPS 9106926920 2011-04-20 1 Donna B Johnson 9197744535 2009 2016-02-24 21:20:13Z THE O'NEAL SCHOOL EDWARD T PHILLIPS PO Box 290 Southern Pines NC 28388 7197359 0 X www.onealschool.org X 1971 NC The O'Neal School is a college preparatory school dedicated to the development of academic excellence, strength of character and physical well-being of its students in an environment where integrity, self-discipline, and consideration for others are fundamental. 16 16 144 240 0 0 612124 821507 6156871 6065742 21437 64638 140732 187728 6931164 7139615 630106 664053 0 4195289 4095331 0 0 2192451 2321420 7017846 7080804 -86682 58811 18524580 17919646 12718843 12060097 5805737 5859549 THE O'NEAL SCHOOL IS A COLLEGE PREPARATORY SCHOOL DEDICATED TO THE DEVELOPMENT OF ACADEMIC EXCELLENCE, STRENGTH OF CHARACTER AND PHYSICAL WELL-BEING OF ITS STUDENTS IN AN ENVIRONMENT WHERE INTEGRITY, SELF-DISCIPLINE, AND CONSIDERATION FOR OTHERS ARE FUNDAMENTAL. 0 0 4916725 6065742 Education and school related activities for grades pre-K - 12th servicing approximately 424 students. 4916725 1 1 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 6 0 1 144 1 0 0 0 0 0 0 0 0 0 16 16 0 0 0 0 0 0 0 1 1 1 0 1 1 1 1 1 1 1 1 0 NC X Sandhills Independent School Corpor 9106926920 3300 Airport Road SOUTHERN PINES NC 28388 TERRY BROWN 1.00 X 0 0 0 LYNN DEJACO 1.00 X 0 0 0 DR ALLEN AVERBOOK 1.00 X 0 0 0 Lindley Fleury 1.00 X 0 0 0 Roberta King 1.00 X 0 0 0 DR Christopher Leber 1.00 X 0 0 0 Laurie Trexler 1.00 X 0 0 0 CHRISTA DUFFY 1.00 X 0 0 0 Stuart Mills 1.00 X 0 0 0 Hu Poston 1.00 X 0 0 0 Alice Robbins 1.00 X 0 0 0 BILL HORNER 1.00 X 0 0 0 Rosa Ronalter 1.00 X 0 0 0 Marty Hefner 1.00 X 0 0 0 Holly Floyd 1.00 X 0 0 0 Stan Bradshaw 1.00 X 0 0 0 Edward T Phillips 40.00 X 87563 0 9066 Brenda B Jackson 40.00 X 67350 0 39369 Alan Barr 40.00 X X 104660 0 19911 259573 0 68346 1 0 0 0 O'CONNOR CO OF NC INC PO Box 3520 PINEHURST NC 28374 CONSTRUCTION CONTRACTOR 1703718 1 20080 801427 174387 821507 Education Service & Fe 611600 5677073 5677073 AUXILLARY SERVICES 611600 142331 142331 246338 246338 6065742 40090 40090 18300 18300 18300 18300 24548 24548 24548 24548 227172 57744 169428 169428 7139615 6065742 0 252366 664053 664053 425338 425338 3151882 2515921 635961 40145 32656 7489 205954 187783 18171 272012 196502 75510 15750 15750 23397 23397 15780 15780 5637 5637 357735 357735 508762 508762 Utilities, insurance an 364476 29643 334833 FACULTY REMISSION 209600 209600 MATERIALS AND SUPPLIES 127231 85561 41670 TRANSPORTATION 113720 113720 Class Trip and Retreat 110518 110518 468814 246226 222588 7080804 4916725 2164079 0 1422893 758622 761073 738914 1415858 1270315 155885 62238 13500 9000 33523 86063 16691535 3580118 13014420 13111417 1707428 1883077 18524580 17919646 882643 555970 1711075 1573531 9600000 9235000 525125 695596 12718843 12060097 X 4053892 4230272 742047 620412 1009798 1008865 5805737 5859549 18524580 17919646 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1104797 2017 132248 43850 28200 1167012 1418858 5343 -230441 60000 28963 1104797 0.08600 0.91400 1 0 238215 238215 14533416 14533416 1859388 1859388 60516 3580118 -3519602 13111417 INTEREST RATE SWAP 695596 695596 7139615 7080804 58811 -4999 -4999 53812 7984814 1606967 1606967 6377847 761768 761768 7139615 7940420 801872 801872 7138548 -57744 -57744 7080804 Part V, Line 4: Description of Intended Use of Endowment Funds: GENERAL ENDOWMENT SUPPORTS SCHOOL OPERATIONS, COOK ENDOWMENT IS USED FOR FACULTY PROFESSIONAL DEVELOPMENT, AND CURTIS ENDOWMENT IS FOR BONUSES FOR FACULTY WHO HAVE BEEN WITH THE SCHOOL FOR TWO YEARS OR MORE. ADJUSTMENTS ON SCHEDULE D PART XI ARE DUE TO CHANGES IN NET ASSETS - CHANGE IN MARKET VALUE OF INVESTMENTS $165,472 AND UNREALIZED LOSS OF INTEREST RATE SWAP ($170,471). OTHER REVENUE PART XII, Line 2d - SATISFACTION OF PROGRAM REQUIREMENTS $1,606,967. Part XII, Line 4b - FUNDRAISING EXPENSES ($57,744), Contributions-Temporarily Restricted $735,294, Students Scholarships - $43,700, INCOME FROM LT INVESTMENTS $38,502, Contributions-Permanently Restricted - $2,016. OTHER EXPENSES PART XIII, Line 2d - UNREALIZED LOSS ON INTEREST RATE SWAP $170,471, TRANSFER TO OPER FUND $631,401. Part XII, line 4b - Fundraising Expenses (income included net income) $-57,444. 1 1 1 Advertisements in the local newspapers 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 AUCTION 227172 227172 57744 227172 227172 57744 57744 169428 NC 0 THE SCHOOL CONDUCTS A RAFFLE AS PART OF THEIR AUCTION FUNDRAISER. TICKETS ARE SOLD AT A COST OF $100 PER TICKET AND UPON PURCHASING A TICKET YOU ARE REGISTERED TO WIN $10,000 CASH PRIZE. THE PRIZE IS DEDUCTED FROM THE REVENUE RECEIVED FROM TICKET SALES. LABOR INVOLVED WITH CARRYING OUT THE RAFFLE IS DONE ON VOLUNTEER BASIS - PARENT ORGANIZATION OF SCHOOL, SCHOOL PERSONNEL AND OTHER COMMUNITY SUPPORTERS. 0 0 0 0 0 1 FINANCIAL AID 97 643766 OTHER - AMOUNT OF FINANCIAL AID GIVEN IS NEED BASED AND VARIES Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: THE SCHOOL USES AN INDEPENDENT THIRD PARTY TO REVIEW FINANCIAL AID APPLICANTS. ALL FINANCIAL AID IS NEED BASED. THE THIRD PARTY MAKES RECOMMENDATIONS TO THE SCHOOL ON WHAT APPLICANTS THEY FEEL NEED ASSISTANCE AND THE AMOUNT OF ASSISTANCE NEEDED. THE SCHOOL POLICY IS THAT ALL STUDENTS PAY AT LEAST 25% TOWARD TUITION REGARDLESS. NC CAPITAL FACILITIES FINANCE ANGENCY - EDUCATIONAL FACILITIES REVENUE BOND 561592154 65818PER6 2007-03-22 10000000 REFUNDING OF EXISTING BONDS AND CONSTRUCTION 0 0 ALAN BARR PAYMENT OF TRANSFER FEE TO PINEWILD COUNTRY CLUB X 13500 9000 0 1 1 9000 X 6 174387 MARKET VALUE 0 1 0 Form 990, Part VI, Section B, line 11 THE FINANCE COMMITTEE IS RESPONSIBLE FOR REVIEWING THE 990 PRIOR TO FILING ON BEHALF OF THE BOARD. AFTER REVIEW BY THE FINANCE COMMITTEE, A REPORT IS GIVEN TO THE ENTIRE BOARD BEFORE THE RETURN IS FILED. Form 990, Part VI, Section B, line 12c TRUSTEES, OFFICERS, ADMINISTRATORS, FACULTY, STAFF AND OTHER EMPLOYEES HAVE AN OBLIGATION TO EXERCISE THEIR AUTHORITY AND TO CARRY OUT THE DUTIES OF THEIR RESPECTIVE POSITIONS FOR THE SOLE BENEFIT OF THE SCHOOL. WHERE POTENTIAL CONFLICTS OF INTEREST EXIST, IT SHALL BE THE RESPONSIBILITY OF THE PERSON INVOLVED OR ANY OTHER PERSON WITH KNOWLEDGE OF THE EVENT TO NOTIFY THE BOARD. THE BOARD WILL TAKE ACTION AS DEEMED APPROPRIATE. THE CONFLICT OF INTEREST POLICY IS REVIEWED AT LEAST ANNUALLY BY SCHOOL PERSONNEL. Form 990, Part VI, Section B, line 15 THE SCHOOL CONSULTED WITH AN ADVISOR FOR THE HEADMASTER POSITION. THE HEADMASTER'S ORIGINAL COMPENSATION WAS SET AFTER REVIEWING PEER INFORMATION AND RECEIVING RECOMMENDATION FROM THE ADVISOR. AFTER ONE YEAR OF SERVICE TO THE SCHOOL, THE EXECUTIVE COMMITTEE OF THE BOARD PERFORMED REVIEWS AND DECIDED ON SALARY ADJUSTMENT. TOP MANAGEMENT, WHICH IS CONSIDERED ASSISTANT HEADMASTER & DIRECTOR OF INSTITUATIONAL ADVANCEMENT AND THE CFO SERVE AT THE DISCRETION OF THE HEADMASTER, THUS THE HEADMASTER DETERMINES THE COMPENSATION PACKAGE OF THESE TWO POSITIONS. DESCRIPTION OF WHISTLEBLOWER POLICY: EVERY EMPLOYEE WHO FEELS A VIOLATION OF THE HANDBOOK HAS OCCURRED IS ENCOURAGED TO REPORT SUCH VIOLATION. THE EMPLOYEE IS ASKED TO SPEAK WITH THEIR SUPERVISOR OR HEADMASTER OR OTHER DIRECTOR/MANAGER/SUPERVISOR THEY FEEL COMFORTABLE SPEAKING. ALL DIRECTORS/MANAGERS/SUPERVISORS ARE REQUIRED TO REPORT ANY SUSPECTED VIOLATION TO THE HEADMASTER. THE HEADMASTER IS REQUIRED TO CONDUCT AN INVESTIGATION OF ALL REPORTED VIOLATIONS. ALL REPORTED AND INVESTIGATED CLAIMS ARE ALSO REPORTED TO THE EXECUTIVE COMMITTEE OF THE BOARD. VIOLATIONS MAY BE SUBMITTED ON A CONFIDENTIAL BASIS OR ANONYMOUSLY. Form 990, Part VI, Section C, line 19 ALL REQUESTS FOR REVIEW OF THE ORGANIZATION'S GOVERNING DOCUMENTS AND 990 ARE DIRECTED TO THE HEADMASTER AND/OR CFO.