2026-05-06T09:28:18-05:00 2025-06-30 561750124 BATCHELOR TILLERY & ROBERTS LLP 3605 GLENWOOD AVENUE SUITE 350 RALEIGH NC 27612 990 2024-07-01 566001583 RAVENSCROFT SCHOOL RAVE 9198470900 7409 FALLS OF NEUSE ROAD RALEIGH NC 27615 DERRICK WILLARD HEAD OF SCHOOL 9198470900 2026-04-30 1 0 KEITH A WASSERMAN P00072834 9197878212 2024 2025-03-06 01:10:19Z DERRICK WILLARD 7409 FALLS OF NEUSE ROAD RALEIGH NC 27615 52621992 0 X WWW.RAVENSCROFT.ORG X 1951 NC OPERATION OF AN INDEPENDENT NONPROFIT SCHOOL THAT INCLUDES PRESCHOOL THROUGH GRADE TWELVE. 21 21 459 100 0 0 2093351 2146029 37228573 39081203 1470793 2023921 279561 273473 41072278 43524626 3449152 3792215 0 0 21207070 22216741 0 0 969293 15994109 16664467 40650331 42673423 421947 851203 85553588 87964579 38970042 39549038 46583546 48415541 OPERATION OF AN INDEPENDENT NONPROFIT SCHOOL THAT INCLUDES PRESCHOOL THROUGH GRADE TWELVE. 0 0 28195244 3792215 39192952 ALL FACETS OF PRIMARY & SECONDARY EDUCATION INCLUDING AUXILIARY OPERATIONS, SUMMER PROGRAMS, SCHOLARSHIPS AND FINANCIAL ASSISTANCE. 28195244 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 1 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 1 1 0 0 0 1 116 0 1 459 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 21 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X X HEATHER FLYNT 9198470900 7409 FALLS OF NEUSE ROAD RALEIGH NC 27615 DR LAURA HELTON KALORIN CHAIR 5.00 X X 0 0 0 DR KEVIN L KEIM VICE CHAIR 1.00 X X 0 0 0 MR AMIR S MEHR TREASURER 1.00 X X 0 0 0 MR GEOFFREY KROUSE SECRETARY 1.00 X X 0 0 0 MS PENNY ABRAHAMS TRUSTEE 1.00 X 0 0 0 MR JASON ANKLOWITZ TRUSTEE 1.00 X 0 0 0 MR DION BENNETT TRUSTEE 1.00 X 0 0 0 MS DEMETRIS WHITE CHEATHAM TRUSTEE 1.00 X 0 0 0 MRS SARA GREGORY TRUSTEE 1.00 X 0 0 0 MR PABLO MARTINEZ TRUSTEE 1.00 X 0 0 0 DR SATISH MATHAN TRUSTEE 1.00 X 0 0 0 MR JASON MEGGS TRUSTEE 1.00 X 0 0 0 DR JOHN MEIER TRUSTEE 1.00 X 0 0 0 MR JEFFREY D MILLER TRUSTEE 1.00 X 0 0 0 MR SHAWN MORRISON TRUSTEE 1.00 X 0 0 0 MR MICHAEL ANTHONY NORONA TRUSTEE 1.00 X 0 0 0 MRS ELLEN MANN O'CONNOR TRUSTEE 1.00 X 0 0 0 MRS V WATSON PUGH TRUSTEE 1.00 X 0 0 0 MRS MELISSE FRANCES SHABAN TRUSTEE 1.00 X 0 0 0 MRS LISA SILVERMAN TRUSTEE 1.00 X 0 0 0 MRS JENNIFER NIMS WINSTON TRUSTEE 1.00 X 0 0 0 DERRICK D WILLARD HEAD OF SCHOOL 40.00 X 226811 0 145632 GREGORY S HODGES CFOO 40.00 X 241840 0 49572 BEN REIN AHOS - INSTITUTIONAL ADVAN 40.00 X 177223 0 59668 EDWARD J GONET DIRECTOR OF ATHLETICS 40.00 X 189400 0 10883 KENDRA VARNELL AHOS - STUDENT AFFAIRS 40.00 X 152485 0 27837 AARON D SUNDSTROM HEAD OF UPPER SCHOOL 40.00 X 140091 0 31827 AMY T BRIGHT DIRECTOR OF FINANCE 40.00 X 141015 0 22840 DOREEN C KELLY FORMER HEAD OF SCHOOL 40.00 X 566993 0 27742 1835858 0 376001 17 1 1 0 FLIK INDEPENDENT SCHOOLS PO BOX 417632 BOSTON MA 022417632 FOOD SERVICES 1779694 NEWCOMB AND COMPANY PO BOX 58010 RALEIGH NC 276588010 HVAC CONTRACTOR 802800 THE BUDD GROUP INC PO BOX 890856 CHARLOTTE NC 282890856 CLEANING SERVICE 577261 CENTER FOR CREATIVE LEADERSHIP PO BOX 26300 GREENSBORO NC 274386300 CONSULTANT 209860 YORK SECURITY LLC 2108 CLARK AVENUE RALEIGH NC 276051606 SECURITY CONTRACTOR 156722 5 81927 2064102 324148 2146029 TUITION & FEES 611710 37167161 37167161 AUXILIARY OPERATIONS 611710 1866437 1866437 APPLICATION FEES 611710 47605 47605 39081203 1091196 1091196 167724 0 167724 167724 167724 10024091 9091366 932725 932725 932725 0 81927 6000 -6000 -6000 WITHDRAWAL FEES 611710 68250 68250 GRADUATION FEES 611710 28125 28125 MISCELLANEOUS INCOME 611710 15374 15374 111749 43524626 39192952 0 2185645 3792215 3792215 908590 908590 17048158 14125385 2436838 485935 899855 687604 188460 23791 1949606 1556877 338792 53937 1410532 1035911 338778 35843 33099 33099 59138 59138 128887 128887 2349082 3759 2339325 5998 335658 154807 152639 28212 400103 244922 135783 19398 642692 332690 310002 391106 333431 45409 12266 538504 538504 2838177 2255319 558711 24147 447059 393412 40235 13412 MAINTENANCE EXPENSE 2864636 32013 2832623 FACULTY/STAFF DISCOUNTS 1333047 1333047 MATERIALS AND SUPPLIES 1052481 1052481 STAFF DEVELOPMENT 591078 477823 106670 6585 2659720 383548 2016403 259769 42673423 28195244 13508886 969293 21213924 22395042 1455140 1057377 204878 175630 89073 54096 2689 0 75515698 46170094 29621658 29345604 27712670 29878260 5253556 5058570 85553588 87964579 1793922 1966918 17358504 17839981 18612488 18095473 91558 385317 1113570 1261349 38970042 39549038 X 22930341 23330698 23653205 25084843 46583546 48415541 85553588 87964579 X 851203 1331085 -350293 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 22336602 80063 2335465 146357 688306 23917467 20623290 291579 2212230 213094 577403 22336602 18968352 425895 1986915 159170 598702 20623290 22304856 502192 -3118461 134644 585591 18968352 17670437 638630 4747458 116146 635523 22304856 0.59170 0.40830 1 0 1836908 1836908 60438533 36947529 23491004 7884285 5806898 2077387 5355972 3415667 1940305 29345604 INTEREST RATE SWAP ASSET 2545740 FINANCE LEASE RIGHT-OF-USE ASSETS 599278 OPERATING LEASE RIGHT-OF-USE ASSETS 599406 BENEFICIAL INTEREST IN CHARITABLE TRUSTS 803869 OTHER ASSETS 510277 5058570 FINANCE LEASE LIABILITIES 633173 OPERATING LEASE LIABILITIES 628176 1261349 40942406 1331085 7797 -3792215 -2453333 43395739 128887 128887 43524626 38760118 7797 7797 38752321 128887 3792215 3921102 42673423 PART V, LINE 4: THE INTENDED USES OF THE ORGANIZATION'S ENDOWMENT FUNDS: ENDOWMENT FUNDS HELD BY THE SCHOOL ARE PRIMARILY USED FOR SCHOLARSHIPS, AND FACULTY AND STAFF PROFESSIONAL DEVELOPMENT AND AWARDS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL ASSISTANCE NETTED WITH TUITION REVENUE FOR FINANCIAL STATEMENTS -3,792,215. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL ASSISTANCE NETTED WITH TUITION REVENUE FOR FINANCIAL STATEMENTS 3,792,215. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 RAVENSCROFT SCHOOL STANDS BEHIND THE PRINCIPLE THAT THERE SHALL BE NO DISCRIMINATION AGAINST ANY PERSON IN ADMISSION, EMPLOYMENT, OR OTHERWISE BECAUSE OF RACE, COLOR, RELIGION, NATIONAL ORIGIN, DISABILITY, SEX OR AGE IN VIOLATION OF EXISTING STATE OR FEDERAL LAW AND REGULATIONS. ONLINE AUCTION 81927 81927 6000 81927 81927 6000 6000 -6000 1 MERIT SCHOLARSHIPS 12 113419 FINANCIAL ASSISTANCE 246 3547756 SIBLING DISCOUNTS 246 131040 PART I, LINE 2 THE PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS IN THE UNITED STATES: RAVENSCROFT USES AN OUTSIDE SERVICE TO COLLECT AND PROCESS FINANCIAL AID APPLICANTS' FINANCIAL INFORMATION. THIS SERVICE IS PROVIDED BY FACTS. APPLICANTS SUBMIT THEIR FAMILY FINANCIAL INFORMATION TO FACTS FOR PROCESSING. A SUMMARY REPORT OF THE FAMILY FINANCIAL INFORMATION IS GENERATED AND SENT TO RAVENSCROFT SCHOOL. ONCE THIS REPORT IS RECEIVED THE FINANCIAL AID COMMITTEE REVIEWS THE REPORT AND MAKES AWARDS CONSIDERING THE INFORMATION PROVIDED IN THAT REPORT. APPLICANTS ARE REQUIRED TO PROVIDE SUPPORTING DOCUMENTATION OF THE INFORMATION PROVIDED ON THE FACTS APPLICATION. X 1 1 X X X 0 1 0 0 0 0 0 0 0 DOREEN C KELLY FORMER HEAD OF SCHOOL 258882 0 79016 0 229095 0 18437 0 9388 0 594818 0 0 0 DERRICK D WILLARD HEAD OF SCHOOL 217941 0 0 0 8870 0 13125 0 132590 0 372526 0 0 0 GREGORY S HODGES CFOO 233356 0 0 0 8484 0 7373 0 42364 0 291577 0 0 0 BEN REIN AHOS - INSTITUTIONAL ADVAN 168498 0 0 0 8725 0 12726 0 47108 0 237057 0 0 0 EDWARD J GONET DIRECTOR OF ATHLETICS 186641 0 0 0 2759 0 10883 0 166 0 200449 0 0 0 KENDRA VARNELL AHOS - STUDENT AFFAIRS 152012 0 0 0 473 0 11176 0 16826 0 180487 0 0 0 AARON D SUNDSTROM HEAD OF UPPER SCHOOL 139611 0 0 0 480 0 9913 0 22080 0 172084 0 0 0 AMY T BRIGHT DIRECTOR OF FINANCE 140482 0 0 0 533 0 10112 0 12894 0 164021 0 0 0 PART I, LINE 4B THE SCHOOL PREVIOUSLY ESTABLISHED A SECTION 457(F) DEFERRED COMPENSATION PLAN FOR SENIOR LEADERSHIP. IN THE FISCAL YEAR ENDED 6/30/2025 THE SCHOOL PAID OUT DEFERRED COMPENSATION AND EARNINGS TOTALING $226,229 TO FORMER HEAD OF SCHOOL DOREEN C. KELLY. PART II, COLUMN (D) NONTAXABLE BENEFITS: REFLECTS THE VALUE OF HOUSING THE HEAD OF SCHOOL RECEIVES FOR RESIDING AT THE HOUSE LOCATED ON THE SCHOOL CAMPUS. THE HEAD OF SCHOOL IS REQUIRED TO RESIDE ON CAMPUS IN ORDER TO BE AVAILABLE FOR EMERGENCIES AT ALL TIMES. A PUBLIC FINANCE AUTHORITY 273866124 2020-01-29 19500000 FINANCE CAPITAL IMPROVEMENTS & REFUND A PRIOR ISSUE 12/14/2010 0 0 0 A 1049090 19500000 879118 358636 18262206 40 2021 1 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 0 1 1 TRUIST BANK 20.000000000000 0 0 0 0 1 A 0 18365 NEED-BASED FINANCIAL AID SEAN KELLY SON OF FORMER HEAD OF SCHOOL 79878 SEAN KELLY IS THE SON OF DOREEN KELLY (FORMER HEAD OF SCHOOL) AND IS EMPLOYED IN THE ADMISSIONS OFFICE AS ASSISTANT DIRECTOR OF ENROLLMENT MANAGEMENT. 0 X 1 9000 FMV X 1 10536 FMV X 10 304612 STOCK QUOTE 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS: THE FORM 990 DRAFT IS PROVIDED TO THE DIRECTOR OF FINANCE AND THE CHIEF FINANCIAL AND OPERATIONS OFFICER FOR THEIR REVIEW. ONCE THEIR REVIEW IS COMPLETED A REVISED DRAFT IS PROVIDED TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES FOR THEIR REVIEW. THE FORM 990 DRAFT WILL THEN BE PRESENTED TO THE FULL BOARD OF TRUSTEES FOR THEIR REVIEW. ONCE ALL QUESTIONS, COMMENTS AND CHANGES HAVE BEEN COMPLETED, THE HEAD OF SCHOOL WILL SIGN FORM 8879-TE, IRS E-FILE SIGNATURE AUTHORIZATION FOR A TAX EXEMPT ENTITY, AND THE RETURN WILL BE E-FILED. FORM 990, PART VI, SECTION B, LINE 12C MONITORING CONFLICTS OF INTEREST: BOARD TRUSTEES AND KEY EMPLOYEES ARE ASKED ANNUALLY TO DISCLOSE ANY BUSINESS RELATIONSHIPS THAT COULD RESULT IN A CONFLICT OF INTEREST WITH THEIR FIDUCIARY OBLIGATION TO THE SCHOOL. AN ANNUAL SURVEY IS SENT TO EACH TRUSTEE AND KEY EMPLOYEE TO MONITOR COMPLIANCE WITH THE SCHOOL'S CONFLICT OF INTEREST POLICY TO DETERMINE IF AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST EXISTS. WHEN THE SCHOOL BECOMES AWARE THAT A CONFLICT EXISTS, WHETHER POTENTIAL OR ACTUAL, ACTION IS TAKEN IMMEDIATELY TO CORRECT THE SITUATION. FORM 990, PART VI, SECTION B, LINE 15A THE PROCESS FOR DETERMINING COMPENSATION: - PERIODIC USE OF OUTSIDE CONSULTANT TO PROVIDE COMPENSATION DATA FOR HEADS OF SCHOOL TO EXECUTIVE COMMITTEE OF THE BOARD. - REVIEW OF DATA BY EXECUTIVE COMMITTEE OF THE BOARD. - INDIVIDUAL EVALUATION OF HEAD OF SCHOOL BY BOARD MEMBERS USING A FORMAL EVALUATION INSTRUMENT; HEAD OF SCHOOL SELF EVALUATION. - SUMMARIZATION OF INDIVIDUAL EVALUATIONS BY EXECUTIVE COMMITTEE OF THE BOARD. - DISCUSSION OF EVALUATION IN BOTH VERBAL AND WRITTEN FORM WITH THE HEAD OF SCHOOL AND THE EXECUTIVE COMMITTEE OF THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 MAKING DOCUMENTS AVAILABLE TO THE PUBLIC: THE TAX RETURN IS MADE AVAILABLE UPON REQUEST FROM THE RAVENSCROFT BUSINESS OFFICE. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF INTEREST RATE SWAP -350,293. SCHEDULE E, QUESTION 5D ADDITIONAL FINANCIAL ASSISTANCE PROVIDED TO STUDENTS: RAVENSCROFT USES AN OUTSIDE SERVICE TO COLLECT AND PROCESS FINANCIAL AID APPLICANTS' FINANCIAL INFORMATION. THIS SERVICE IS PROVIDED BY FACTS ON A NONDISCRIMINATORY BASIS. APPLICANTS SUBMIT THEIR FAMILY FINANCIAL INFORMATION TO FACTS FOR PROCESSING. A SUMMARY REPORT OF THE FAMILY FINANCIAL INFORMATION IS GENERATED AND SENT TO RAVENSCROFT SCHOOL. ONCE THIS REPORT IS RECEIVED THE FINANCIAL AID COMMITTEE REVIEWS THE REPORT AND MAKES AWARDS CONSIDERING THE INFORMATION PROVIDED IN THAT REPORT. APPLICANTS ARE REQUIRED TO PROVIDE SUPPORTING DOCUMENTATION OF THE INFORMATION PROVIDED ON THE FACTS APPLICATION. IN ADDITION TO THE FINANCIAL ASSISTANCE AWARDED THROUGH THE ABOVE PROCESS, THE SCHOOL MAINTAINS TWENTY-ONE FINANCIAL AID ENDOWMENTS AS WELL AS FOUR SCHOLARSHIP ENDOWMENTS TO BENEFIT STUDENTS. SOME OF THESE ENDOWMENTS HAVE NO CRITERIA AND OTHERS ARE AWARDED BASED ON SPECIFIC CRITERIA SUCH AS THE STUDENT BEING ENROLLED IN AN ACADEMIC SKILLS PROGRAM, DISADVANTAGED WITH FINANCIAL NEED, A MEMBER OF A MINORITY CLASS, EXCEL IN FINE ARTS, AND OTHER SELECTED CRITERIA. THE ADDITIONAL ENDOWMENTS ARE INTENDED TO SUPPORT, PROMOTE AND ENHANCE THE OVERALL COMPOSITION OF THE SCHOOL'S ACADEMIC, MINORITY AND SOCIALLY DIVERSE COMMUNITY. RAVENSCROFT SCHOOL FOUNDATION INC 7409 FALLS OF THE NEUSE ROAD RALEIGH NC 27615 237035426 INVESTMENT NC 501(C)(3) 509(A)(3) N/A 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0