2025-05-09T12:29:28-05:00 2024-06-30 SMITH & HOWARD ADVISORY LLC 271 17TH STREET NW SUITE 2100 ATLANTA GA 30363 990 2023-07-01 560530248 ASHEVILLE SCHOOL INC % HANES SWINGLE ASHE 8282546345 360 Asheville School Road Asheville NC 28806 Beth McWilliams CFOO 8282546345 2025-05-15 true true SABRE J LINAHAN P01372980 4048746244 2025-05-15 2023 2025-03-06 01:10:19Z DR ANTHONY SGRO 360 Asheville School Road Asheville NC 28806 29175851 false X WWW.ASHEVILLESCHOOL.ORG X 1900 NC TO PREPARE STUDENTS FOR THEIR FUTURE AND TO PROVIDE A DIVERSE, ENGAGED, AND SMALL SCHOOL COMMUNITY ATMOSPHERE THAT ALLOWS THEM TO STRIVE FOR EXCELLENCE. 21 21 152 100 0 2116119 2813134 19441256 20414056 1015261 2911637 349752 175420 22922388 26314247 4131535 4481440 0 0 10122900 11151400 0 0 1732329 9546629 10812860 23801064 26445700 -878676 -131453 112516620 115578272 6741358 6345158 105775262 109233114 X TO PREPARE OUR STUDENTS FOR COLLEGE AND FOR LIFE AND TO PROVIDE AN ATMOSPHERE IN WHICH ALL MEMBERS OF A DIVERSE, ENGAGED, AND PURPOSEFULLY SMALL SCHOOL COMMUNITY APPRECIATE AND STRIVE FOR EXCELLENCE - AN ATMOSPHERE THAT NURTURES CHARACTER AND FOSTERS THE DEVELOPMENT OF MIND, BODY, AND SPIRIT. false false 21308249 4481440 20516540 Asheville School's primary program service is the education of students in grades 9 through 12. Students are entrusted to our care for four transformative years that shape their character and direct their path. Through a rigorous academic curriculum and exploration of co-curricular interests, expectations are set high for our students. Our students graduate fully prepared for college and a life of purpose. 21308249 true true false false false false false true true true true true false false true true true false true false true false true false false false false false true true true false false false false false false false false false false true false false false false false false false false true 66 0 true 152 true false false false false false false false false false false false false X 21 21 false false false false false false false true true false false true true true true true true true false false NC X HANES SWINGLE 8282546345 360 ASHEVILLE SCHOOL ROAD ASHEVILLE NC 28806 X Anthony H Sgro Head of School/Secretary 50.0 0.0 X 592729 0 54988 Caroline B Seay CFOO til Nov '23 40.0 0.0 X 290520 0 43813 Scott Miller School Counselor 40.0 0.0 X 119100 0 53755 Jonathan Schwab Associate Head of School 40.0 0.0 X 121584 0 45944 Sherman Roberts Former Director of HR and Oper 40.0 0.0 X 124183 0 32302 Ashly Maag Director of Advancement 40.0 0.0 X 126981 0 27029 Jay Bonner Master Teacher 40.0 0.0 X 119480 0 32854 Thomas H Shores Chair 4.0 0.0 X X 0 0 0 Lara Glass Co-Vice-Chair 1.0 0.0 X X 0 0 0 Scott Shealy Co-Vice-Chair 1.0 0.0 X X 0 0 0 Jose A Gonzalez Treasurer 1.0 0.0 X X 0 0 0 Walter Cox Trustee 1.0 0.0 X 0 0 0 Mary Robinson Hervig Trustee 1.0 0.0 X 0 0 0 Margaret Bradley Trustee 1.0 0.0 X 0 0 0 David M Stover Trustee 1.0 0.0 X 0 0 0 Alex J Hagan Trustee 1.0 0.0 X 0 0 0 Rev Dana Corsello Trustee 1.0 0.0 X 0 0 0 Gaither Deaton Trustee 1.0 0.0 X 0 0 0 Janet Ley Trustee 1.0 0.0 X 0 0 0 Marcellus C Parker Trustee 1.0 0.0 X 0 0 0 Dexter V Perry Trustee 1.0 0.0 X 0 0 0 Oliver G Prince JR Trustee 1.0 0.0 X 0 0 0 Hyde Russell Trustee 1.0 0.0 X 0 0 0 Guy Dixon Trustee 1.0 0.0 X 0 0 0 Elizabeth P Ewing Trustee 1.0 0.0 X 0 0 0 Morgan Mischer Warth Trustee 1.0 0.0 X 0 0 0 Casey Gallagher Trustee 1.0 0.0 X 0 0 0 Miya R Gray Trustee 1.0 0.0 X 0 0 0 Beth McWilliams Incoming CFOO 0.0 0.0 X 0 0 0 1494577 0 290685 10 false true false SAGE DINING SERVICES INC 1402 YORK ROAD LUTHERVILLE MD 21093 FOOD SERVICE 2119407 Redefine Facility Cleaning 1125 Sweeten Creak Rd Ste 20 ASHEVILLE NC 28803 custodial services 536936 US SECURITY ASSOCIATES INC 156 TUNNEL RD ASHEVILLE NC 28805 SECURITY 424339 Community Counseling Services Co 527 Madison Ave 5th Floor NEW YORK NY 10022 consulting 390888 Storbeck Search LLC 2005 Market St 33rd Floor PHILADELPHIA PA 19103 employment search 250935 9 2813134 29430 2813134 TUITION AND FEES 611710 19442329 19442329 STUDENT ACTIVITIES 971727 971727 20414056 1560596 1560596 0 0 49484 49484 0 49484 49484 4062157 34578 2742018 3676 1320139 30902 1351041 1351041 0 0 0 0 0 0 139362 115910 23452 23452 MISCELLANEOUS 102484 102484 102484 26314247 20516540 2984573 0 3109550 3109550 1371890 1371890 0 819657 649392 105621 64644 0 7525308 5970738 958167 596403 615510 463805 100088 51617 1621263 1373355 164591 83317 569662 451982 72533 45147 0 40782 40782 59320 59320 0 0 304741 304741 302979 1532 246280 55167 58446 18326 27117 13003 299831 200641 84778 14412 347441 192494 154947 0 2071699 1826496 144575 100628 221872 142163 42614 37095 0 93494 93494 52716 52716 0 2046769 1894379 83009 69381 233014 204334 15722 12958 CONTRACT SERVICES 2116545 1653013 69053 394479 STUDENT ACTIVITIES 2053285 1529964 442586 80735 MEMBERSHIP AND DUES 194288 14803 67952 111533 MEALS AND ENTERTAINMENT 172099 94061 76964 1074 143539 51837 90966 736 26445700 21308249 3405122 1732329 X 1250 1250 12341724 12756886 2182418 2082927 95777 364231 400000 0 0 0 0 0 24271 35366 608260 820248 56874287 30601579 25851784 26272708 58131232 60092984 11302924 12425572 0 0 33866 24835 1543114 701265 112516620 115578272 715165 1003353 0 0 3103358 3094137 2390000 1745000 0 1100 0 0 0 0 0 0 532835 501568 6741358 6345158 X 38395781 38146207 67379481 71086907 105775262 109233114 112516620 115578272 X -131453 3494735 -57800 152370 X false true X true false X 2493734 4876946 4963487 2116119 2813134 17263420 0 0 2493734 4876946 4963487 2116119 2813134 17263420 1456304 15807116 922002 552608 1392071 1380612 1610080 5857373 0 0 23120793 92543255 0.68368 0.68669 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 97500 X X study painting techniques false false true X 67941042 350262 5495601 3812517 66892 69907496 63910438 848157 4963654 1781207 67941042 74747303 2226603 -10569084 666214 1828170 63910438 53410657 4296614 19036195 686108 1310055 74747303 55189838 423481 -15481 679509 1507672 53410657 0.06810 0.63530 0.29660 true false 941110 941110 48590240 25202194 23388046 5284187 4313489 970698 2058750 1085896 972854 26272708 HEDGE FUNDS 8274927 OTHER INVESTMENTS 4150645 12425572 0 LEASE OBLIGATION 383897 ANNUITY PAYABLE 117671 501568 X 25175171 3494735 3494735 21680436 304741 4329070 4633811 26314247 21717319 57800 57800 21659519 304741 4481440 4786181 26445700 PART IV, LINE 2B THESE ARE FUNDS HELD FOR STUDENTS AND AT THE END OF THE FISCAL YEAR, THE ORGANIZATION DID NOT HAVE ANY ESCROW ARRANGEMENTS ON THE BALANCE SHEET at year-end. PART V THE SCHOOL'S ENDOWMENT FUNDS ARE USED TO SUPPLEMENT INSTRUCTIONAL AND FINANCIAL AID EXPENSES. PART X, LINE 2 The School is a tax exempt entity under Section 501(c)(3) of the Internal Revenue Code (the "Code"). Only unrelated business income, as defined by Section 512(a)(1) of the Code, is subject to income taxes. The School annually evaluates all federal and state income tax positions. This process includes an analysis of whether these income tax positions the School takes meet the definition of an uncertain tax position under the Income Taxes Topic of the Financial Accounting Standards Codification. In general, the School is no longer subject to tax examinations for tax years ending before June 30, 2021. PART XI, LINE 4B $4,481,440 : FINANCIAL AID -152,370 : Change in value of Split Interest Agreement ------------- $4,329,070 PART XII, LINE 2B BAD DEBT ON PRIOR YEAR PLEDGES: $57,800 PART XII, LINE 4B FINANCIAL AID: $4,481,440 true true true true true true true false false false false false false false false false false true PART I, LINE 3 THE SCHOOL MEETS THE REQUIREMENTS THROUGH REV. PROC 75-50, 1975-2 C.B. 587, SEC. 4 GUIDELINES .03, SUBSECTION 2.C. "(C) IF A SCHOOL CUSTOMARILY DRAWS IT STUDENTS FROM LOCAL COMMUNITIES AND FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY AS TO STUDENTS, THE PUBLICITY REQUIREMENT MAY BE SATISFIED BY COMPLYING WITH SECTION 4.02, SUPRA. SUCH A SCHOOL MAY DEMONSTRATE THAT IT FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY WITHIN THE MEANING OF THE PRECEDING SENTENCE BY SHOWING THAT IT CURRENTLY ENROLLS STUDENTS OF RACIAL MINORITY GROUPS IN MEANINGFUL NUMBERS." THE POLICY IS AVAILABLE ON THE SCHOOL'S WEBSITE. true Central America and the Caribbean 0 0 Investments Investment Funds 24472035 Sub-Saharan Africa 0 0 Investments Investment Funds 2587873 Europe (Including Iceland and Greenland) 0 0 Grantmaking Financial Aid 656175 North America 0 0 Grantmaking Financial Aid 397830 Central America and the Caribbean 0 0 Grantmaking Financial Aid 249420 Sub-Saharan Africa 0 0 Grantmaking Financial Aid 30250 Middle East and North Africa 0 0 Grantmaking Financial Aid 26285 East Asia and the Pacific 0 0 Grantmaking Financial Aid 11930 0 0 0 0 28431798 28431798 SCHOLARSHIPS/FINANCIAL AID Europe (Including Iceland and Greenland) 12 656175 FINANCIAL AID BOOK SCHOLARSHIPS/FINANCIAL AID North America 7 397830 FINANCIAL AID BOOK SCHOLARSHIPS/FINANCIAL AID Central America and the Caribbean 6 249420 FINANCIAL AID BOOK SCHOLARSHIPS/FINANCIAL AID Middle East and North Africa 1 26285 FINANCIAL AID BOOK SCHOLARSHIPS/FINANCIAL AID East Asia and the Pacific 1 11930 FINANCIAL AID BOOK SCHOLARSHIPS/FINANCIAL AID Sub-Saharan Africa 1 30250 FINANCIAL AID BOOK true false true true true false PART IV, LINE 3 ASHEVILLE SCHOOL HAD OWNERSHIP IN CERTAIN FOREIGN CORPORATIONS (INVESTMENTS) DURING THE TAX YEAR. THE INVESTMENT AMOUNT WAS NOT HIGH ENOUGH TO RENDER THE FILING OF FORM 5471. PART IV, LINE 4 ASHEVILLE SCHOOL (THE ORGANIZATION) IS AN INVESTOR IN ONE OR MORE "PASSIVE FOREIGN INVESTMENT COMPANIES" (PFICS). THE ORGANIZATION DID NOT RECEIVE ANY TAXABLE DISTRIBUTIONS FROM ANY OF THE PFICS DURING THE FISCAL YEAR ENDED JUNE 30, 2024. FORM 8621 IS NOT BEING FILED, PURSUANT TO IRS GUIDANCE SET FORTH IN REG. SEC. 1.1291-1 (E). true SCHOLARSHIPS/FINANCIAL AID 92 3109550 FMV FINANCIAL AID PART I, LINE 2 PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS: ASHEVILLE SCHOOL TRACKS DISTRIBUTIONS FROM THE FUNDS THAT ARE SPECIFICALLY RESTRICTED FOR A DESIGNATED PURPOSE AND COMPARES IT TO FUNDS AWARdED TO STUDENTS TO ENSURE THERE ARE NO VIOLATIONS OF DONOR INTENT. A SPREADSHEET IS ALSO KEPT DETAILING EACH STUDENT TO RECEIVE A SCHOLARSHIP, ALONG WITH THEIR GRADE AND AMOUNT AWARDED. X X X true true X X X X X false false false false false false false false false Anthony H Sgro Head of School/Secretary 406669 0 0 0 186060 0 33000 0 22702 0 648431 0 0 0 Caroline B Seay CFOO til Nov '23 287972 0 0 0 2548 0 30462 0 14011 0 334993 0 0 0 Jonathan Schwab Associate Head of School 121584 0 0 0 0 0 13195 0 33297 0 168076 0 0 0 Ashly Maag Director of Advancement 126981 0 0 0 0 0 13130 0 14296 0 154407 0 0 0 Jay Bonner Master Teacher 119480 0 0 0 0 0 12450 0 20920 0 152850 0 0 0 Scott Miller School Counselor 119100 0 0 0 0 0 11817 0 42425 0 173342 0 0 0 Sherman Roberts Former Director of HR and Oper 110508 0 0 0 13675 0 10898 0 21884 0 156965 0 0 0 A NC CAPITAL FACILITIES FINANCE AGENCY 561592154 2014-10-16 7185000 CAPITAL EXPENDITURES true false false A 4845000 595000 7185000 0 0 0 112885 0 0 7072115 0 0 2004 true false true true A false false false false 0 true false false false A false false false false false false 0 false 0 false false A false X 8 29430 FMV false true true PART I, COLUMN B COLUMN B REPORTS THE NUMBER OF CONTRIBUTIONS. PART I, LINE 32B ASHEVILLE SCHOOL USES UBS FINANCIAL SERVICES AS A THIRD PARTY TO SELL DONATED STOCK. FORM 990, PART VI, LINE 11B THE FORM 990 IS PREPARED BY INDEPENDENT ACCOUNTANTS, REVIEWED BY THE AUDIT COMMITTEE, AND THEN REVIEWED BY THE ENTIRE BOARD OF TRUSTEES PRIOR TO FILING. FORM 990, PART VI, LINE 12C IN THE EVENT THERE SHOULD ARISE AN ACTUAL OR POTENTIAL CONFLICT BETWEEN THE INTEREST OF THE SCHOOL AND THE INTEREST OF THE TRUSTEE OR MEMBER OF THE ADMINISTRATION, THEN THE TRUSTEE OR MEMBER OF THE ADMINISTRATION INVOLVED MUST DISCLOSE THE EXISTENCE OF THE CONFLICT OR POSSIBLE CONFLICT TO THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES AND TO THE HEAD OF SCHOOL. FORM 990, PART VI, LINE 15A THE HEAD OF SCHOOL'S COMPENSATION IS SET BY THE BOARD'S COMPENSATION COMMITTEE WITH COMPARABILITY DATA INCLUDING BENCHMARK DATA FROM THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS (NAIS), THE DATA REPORTED IN SIMILAR SCHOOLS' FORM 990'S, AND SEARCH CONSULTANT'S FEEDBACK. COMPENSATION OF OFFICERS AND KEY EMPLOYEES IS DETERMINED BY THE HEAD OF SCHOOL WHO USES BENCHMARK DATA FROM THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS (NAIS) AND OTHER SIMILAR SCHOOLS' FORM 990'S, AND SALARY SURVEY DATA FOUND ON VARIOUS SALARY WEBSITES. FORM 990, PART VI, LINE 19 THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC VIA THE OFFICE OF THE ASSISTANT HEAD OF SCHOOL FOR OPERATIONS. A PUBLIC INSPECTION COPY OF FORM 990 IS ALSO AVAILABLE AT GUIDESTAR.ORG. FORM 990, PART XI, LINE 9 $152,370 Change in value of Split Interest Agreement