2024-01-31T17:08:17-06:00 2023-06-30 561750124 BATCHELOR TILLERY & ROBERTS LLP 3605 GLENWOOD AVENUE SUITE 350 RALEIGH NC 27612 990 2022-07-01 566001583 RAVENSCROFT SCHOOL RAVE 9198470900 7409 FALLS OF NEUSE ROAD RALEIGH NC 27615 DOREEN C KELLY HEAD OF SCHOOL 9198470900 2024-01-30 1 DOREEN KELLY 999009999 0 KEITH A WASSERMAN P00072834 9197878212 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DOREEN C KELLY 7409 FALLS OF NEUSE ROAD RALEIGH NC 27615 50322446 0 X WWW.RAVENSCROFT.ORG X 1951 NC OPERATION OF AN INDEPENDENT NONPROFIT SCHOOL THAT INCLUDES PRESCHOOL THROUGH GRADE TWELVE. 20 20 433 100 0 0 2472483 2501890 32315509 35116059 895215 122134 743690 197554 36426897 37937637 3244183 3214586 0 0 19636600 20572414 0 0 966385 12040939 14900626 34921722 38687626 1505175 -749989 81090288 82526942 39410138 38170792 41680150 44356150 OPERATION OF AN INDEPENDENT NONPROFIT SCHOOL THAT INCLUDES PRESCHOOL THROUGH GRADE TWELVE. 0 0 25497181 3214586 35189390 ALL FACETS OF PRIMARY & SECONDARY EDUCATION INCLUDING AUXILIARY OPERATIONS, SUMMER PROGRAMS, SCHOLARSHIPS AND FINANCIAL ASSISTANCE. 25497181 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 0 0 1 0 1 0 0 0 0 1 1 0 0 0 1 128 0 1 433 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X X AMY BRIGHT 9198470900 7409 FALLS OF NEUSE ROAD RALEIGH NC 27615 MRS AMY M BATTEN CHAIR 5.00 X X 0 0 0 MRS V WATSON PUGH VICE CHAIR 5.00 1.00 X X 0 0 0 MR SANTO J COSTA VICE CHAIR 5.00 X X 0 0 0 DR KEVIN L KEIM VICE CHAIR 5.00 X X 0 0 0 MR MICHAEL ANTHONY NORONA TREASURER 5.00 X X 0 0 0 DR LAURA HELTON KALORIN SECRETARY 5.00 X X 0 0 0 MS PENNY ABRAHAMS TRUSTEE 1.00 X 0 0 0 MS MARY GRADY BELL TRUSTEE 1.00 X 0 0 0 MRS DEMETRIS WHITE CHEATHAM TRUSTEE 1.00 X 0 0 0 MR GEOFF KROUSE 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 AMIR S MEHR 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 MRS KRISTIN G REPLOGLE TRUSTEE 1.00 X 0 0 0 MRS NELLE M SCHANTZ 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 DOREEN C KELLY HEAD OF SCHOOL 40.00 X 597024 0 115372 GEORGE L JOHNSON AHOS - BUSINESS & FINANCE 40.00 X 226188 0 23494 PHILIP C HIGGINSON AHOS - ADVANCEMENT 40.00 X 200107 0 18958 LISA L HORTON AHOS - HUMAN RESOURCES 40.00 X 130344 0 29512 NICOLE T GIRVAN LOWER SCHOOL DIVISION HEAD 40.00 X 133830 0 38002 EDWARD J GONET DIRECTOR OF ATHLETICS 40.00 X 150934 0 10309 JUSTIN BRANDON ASSOCIATE HEAD OF SCHOOL 40.00 X 171009 0 34631 1609436 0 270278 15 0 1 0 BRASFIELD & GORRIE LLC 3021 7TH AVENUE S BIRMINGHAM AL 352333502 GENERAL CONTRACTOR 1700512 FLIK INDEPENDENT SCHOOLS PO BOX 417632 BOSTON MA 022417632 FOOD SERVICES 1232909 THE BUDD GROUP INC PO BOX 890856 CHARLOTTE NC 282890856 CLEANING SERVICE 639782 NEWCOMB AND COMPANY PO BOX 58010 RALEIGH NC 276588010 HVAC CONTRACTOR 314922 TAR HEEL LANDSCAPE ENTERPRISES INC 8453 EBENEZER CHURCH RD RALEIGH NC 276174734 LANDSCAPE CONTRACTOR 302333 6 57750 2444140 720415 2501890 TUITION & FEES 611710 33410701 33410701 AUXILIARY OPERATIONS 611710 1657528 1657528 APPLICATION FEES 611710 47830 47830 35116059 675010 675010 125993 0 125993 125993 125993 11823244 12376120 -552876 -552876 -552876 6919 57750 8689 -1770 -1770 WITHDRAWAL FEES 611710 40375 40375 GRADUATION FEES 611710 24420 24420 MISCELLANEOUS INCOME 611710 8536 8536 73331 37937637 35189390 0 246357 3214586 3214586 924767 924767 16013519 12788650 2660582 564287 787355 686431 70636 30288 1598830 1239793 304332 54705 1247943 950263 255751 41929 114592 114592 52675 52675 84783 84783 1788025 2703 1776756 8566 412742 146504 254682 11556 672758 405167 234142 33449 792043 433289 358754 398655 304120 80200 14335 512762 512762 2832606 1922491 910115 380244 334615 34222 11407 MAINTENANCE EXPENSE 2682734 27548 2655186 FACULTY/STAFF DISCOUNTS 1425167 1425167 MATERIALS AND SUPPLIES 932711 932711 STAFF DEVELOPMENT 600357 416384 172511 11462 1217772 266759 766612 184401 38687626 25497181 12224060 966385 19760512 18903112 2392954 1871866 310132 282532 140670 122462 2689 2689 77367532 46405190 32060914 30962342 23635824 25606717 2786593 4775222 81090288 82526942 2204636 1949587 17725124 16077532 19101146 19115605 6967 113987 372265 914081 39410138 38170792 X 20961081 21876125 20719069 22480025 41680150 44356150 81090288 82526942 X -749989 2537132 888857 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 18968352 425895 1986915 159170 598702 20623290 22304856 502192 -3118461 134644 585591 18968352 17670437 638630 4747458 116146 635523 22304856 17813031 365104 150874 284296 374276 17670437 17239241 382560 839465 159620 488615 17813031 0.66863 0.33137 1 0 1836908 1836908 57567024 33551162 24015862 9913541 6378742 3534799 8050059 6475286 1574773 30962342 INTEREST RATE SWAP ASSET 2577613 FINANCE LEASE RIGHT-OF-USE ASSETS 276403 OPERATING LEASE RIGHT-OF-USE ASSETS 644965 BENEFICIAL INTEREST IN CHARITABLE TRUSTS 765963 OTHER ASSETS 510278 4775222 FINANCE LEASE LIABILITIES 256739 OPERATING LEASE LIABILITIES 657342 914081 37241254 2537132 65854 -3214586 -611600 37852854 84783 84783 37937637 35454111 65854 65854 35388257 84783 3214586 3299369 38687626 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 -3,214,586. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL ASSISTANCE NETTED WITH TUITION REVENUE FOR FINANCIAL STATEMENTS 3,214,586. 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 57750 57750 1386 BOOK FAIR 6919 6919 7303 64669 57750 6919 8689 8689 -1770 1 MERIT SCHOLARSHIPS 13 63830 FINANCIAL ASSISTANCE 230 3029720 SIBLING DISCOUNTS 285 121036 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 0 0 0 0 0 0 0 0 DOREEN C KELLY HEAD OF SCHOOL 493519 0 95855 0 7650 0 21350 0 94188 0 712562 0 0 0 GEORGE L JOHNSON AHOS - BUSINESS & FINANCE 224100 0 1126 0 962 0 15765 0 7811 0 249764 0 0 0 PHILIP C HIGGINSON AHOS - ADVANCEMENT 197377 0 1083 0 1647 0 2052 0 17072 0 219231 0 0 0 JUSTIN BRANDON ASSOCIATE HEAD OF SCHOOL 159857 0 4416 0 6736 0 11368 0 23429 0 205806 0 0 0 NICOLE T GIRVAN LOWER SCHOOL DIVISION HEAD 126800 0 1083 0 5947 0 9024 0 29144 0 171998 0 0 0 EDWARD J GONET DIRECTOR OF ATHLETICS 147275 0 1083 0 2576 0 10309 0 166 0 161409 0 0 0 LISA L HORTON AHOS - HUMAN RESOURCES 128740 0 1083 0 521 0 9756 0 19922 0 160022 0 0 0 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 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 SEAN KELLY SON OF HEAD OF SCHOOL 68082 SEAN KELLY IS THE SON OF DOREEN KELLY (HEAD OF SCHOOL) AND IS EMPLOYED IN ADVANCEMENT AS THE DONOR ENGAGEMENT OFFICER. 0 X 2 7596 FMV X 11 696379 STOCK QUOTE X CLUB MEMBERSHIP 1 11240 FMV X MUSIC INSTRUMENT 1 5200 FMV 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS: THE FORM 990 DRAFT IS PROVIDED TO THE ASSOCIATE HEAD OF SCHOOL FOR BUSINESS AND FINANCE AND THE DIRECTOR OF FINANCE 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 ANUALLY 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 888,857. 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