2022-02-03T15:16:20-06:00 2021-06-30 561750124 BATCHELOR TILLERY & ROBERTS LLP 3605 GLENWOOD AVENUE SUITE 350 RALEIGH NC 27612 990 2020-07-01 566001583 RAVENSCROFT SCHOOL RAVE 9198470900 7409 FALLS OF NEUSE ROAD RALEIGH NC 27615 DOREEN C KELLY HEAD OF SCHOOL 9198470900 2022-02-03 1 DOREEN KELLY 999009999 KEITH A WASSERMAN P00072834 9197878212 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z DOREEN C KELLY 7409 FALLS OF NEUSE ROAD RALEIGH NC 27615 43776837 0 X WWW.RAVENSCROFT.ORG X 1951 NC OPERATION OF AN INDEPENDENT NONPROFIT SCHOOL THAT INCLUDES PRESCHOOL THROUGH GRADE TWELVE. 23 23 382 100 0 0 1867422 4493330 29703086 30388910 1341852 1066520 206992 224193 33119352 36172953 3133785 3339298 0 0 18510505 19460183 0 0 735068 9987660 10357060 31631950 33156541 1487402 3016412 52307065 69403940 19484472 27016367 32822593 42387573 OPERATION OF AN INDEPENDENT NONPROFIT SCHOOL THAT INCLUDES PRESCHOOL THROUGH GRADE TWELVE. 0 0 23118172 3339298 30550946 ALL FACETS OF PRIMARY & SECONDARY EDUCATION INCLUDING AUXILIARY OPERATIONS, SUMMER PROGRAMS, SCHOLARSHIPS AND FINANCIAL ASSISTANCE. 23118172 1 1 0 0 0 0 0 0 0 1 1 0 0 0 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 1 103 0 1 382 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 23 23 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 KELVIN JONES TREASURER 5.00 X X 0 0 0 MS JOYCE L POPE SECRETARY 5.00 X X 0 0 0 MS PENNY ABRAHAMS TRUSTEE 1.00 X 0 0 0 MRS DEMETRIS WHITE CHEATHAM TRUSTEE 1.00 X 0 0 0 MRS KELLY POWELL GOULD TRUSTEE 1.00 X 0 0 0 MRS PAMELA JONES JAMISON TRUSTEE 1.00 X 0 0 0 MR JOHN T JENKINS II TRUSTEE 1.00 X 0 0 0 DR LAURA HELTON KALORIN TRUSTEE 1.00 X 0 0 0 DR SATISH MATHAN TRUSTEE 1.00 X 0 0 0 MRS ELIZABETH CHEATHAM MCNAIRY TRUSTEE 1.00 X 0 0 0 MR AMIR S MEHR TRUSTEE 1.00 X 0 0 0 MR MICHAEL ANTHONY NORONA TRUSTEE 1.00 X 0 0 0 MRS KRISTIN G REPLOGLE TRUSTEE 1.00 X 0 0 0 MR ROBERT CALVIN RICE JR TRUSTEE 1.00 X 0 0 0 MR JEFFREY D MILLER TRUSTEE 1.00 X 0 0 0 MRS MELISSE FRANCES SHABAN TRUSTEE 1.00 X 0 0 0 MR PETER A TANNENBAUM TRUSTEE 1.00 X 0 0 0 MRS NELLE M SCHANTZ 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 485563 0 105956 GEORGE L JOHNSON ASST HEAD - BUSINESS & FIN 40.00 X 275160 0 27799 COLLEEN M RAMSDEN ASST HEAD - ACADEMIC AFFAI 40.00 X 188575 0 25876 PHILIP C HIGGINSON ASST HEAD - ADVANCEMENT 40.00 X 166113 0 23512 AARON D SUNDSTROM UPPER SCHOOL DIVISION HEAD 40.00 X 114850 0 38855 JASON T RAMSDEN CHIEF INFOMATION OFFICER 40.00 X 129537 0 20757 EDWARD J GONET DIRECTOR OF ATHLETICS 40.00 X 139068 0 9647 1498866 0 252402 15 0 1 0 BRASFIELD & GORRIE LLC 3021 7TH AVENUE S BIRMINGHAM AL 352333502 GENERAL CONTRACTOR 1230873 LITTLE DIVERSIFIED ARCHITECHTURAL CONSUL 615 S COLLEGE STREET SUITE 1600 CHARLOTTE NC 282021851 ARCHITECT 888398 SPEC CON INC 2475 WENDELL BOULEVARD WENDELL NC 275916903 GENERAL CONTRACTOR 518787 FLIK INDEPENDENT SCHOOLS PO BOX 417632 BOSTON MA 022417632 FOOD SERVICES 490419 THE BUDD GROUP INC PO BOX 890856 CHARLOTTE NC 282890856 CLEANING SERVICE 474335 8 62845 4430485 331109 4493330 TUITION & FEES 611710 29430272 29430272 AUXILIARY OPERATION 611710 905666 905666 APPLICATION FEES 611710 52972 52972 30388910 411237 411237 69942 0 69942 69942 69942 8249042 7593759 655283 655283 655283 2340 62845 10125 -7785 -7785 WITHDRAWAL FEES 611710 59875 59875 GRADUATION FEES 611710 24200 24200 CHILD CARE - COVID 611710 11205 11205 66756 66756 162036 36172953 30550946 0 1128677 3339298 3339298 987222 987222 14539171 12075230 2024133 439808 822114 678708 118686 24720 2012472 1655213 296971 60288 1099204 862624 205162 31418 74920 74920 45653 45653 103996 103996 514217 1000 499677 13540 104186 104186 177040 146460 24274 6306 353941 214559 121959 17423 595862 314415 281447 78320 52754 20585 4981 74365 74365 1844651 1207098 637553 282344 254110 28234 MAINTENANCE EXPENSE 2184030 20144 2163886 FACULTY/STAFF DISCOUNTS 1107972 1107972 MATERIALS AND SUPPLIES 697805 697805 STAFF DEVELOPMENT 286905 200093 84601 2211 1830853 290689 1405791 134373 33156541 23118172 9303301 735068 11058523 14148070 789716 2757975 401838 357627 152486 124665 4259 3328 68210706 44193320 17551697 24017386 21245798 26897052 1102748 1097837 52307065 69403940 1801049 2861633 11781793 13602815 3289893 9306162 22101 14802 2589636 1230955 19484472 27016367 X 13639299 18771811 19183294 23615762 32822593 42387573 52307065 69403940 X 3016412 4970868 1577700 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17670437 638630 4747458 116146 635523 22304856 17813031 365104 150874 284296 374276 17670437 17239241 382560 839465 159620 488615 17813031 16198136 681429 1038959 140623 538660 17239241 14427238 620116 1661099 108380 401937 16198136 0.57770 0.42230 1 0 1836908 1836908 40546631 30175127 10371504 10015476 7871567 2143909 15811691 6146626 9665065 24017386 CAPITAL LEASES PAYABLE 511529 INTEREST RATE SWAP LIABILITY 719426 1230955 37700272 4970868 -3339298 1631570 36068702 103996 255 104251 36172953 29712992 -255 -255 29713247 103996 3339298 3443294 33156541 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 -3,339,298. PART XI, LINE 4B - OTHER ADJUSTMENTS: GAIN ON SALE OF INVESTMENTS NETTED WITH EXPENSE FOR FINANCIAL STATEMENTS 255. PART XII, LINE 2D - OTHER ADJUSTMENTS: GAIN ON SALE OF INVESTMENTS NETTED WITH EXPENSE FOR FINANCIAL STATEMENTS -255. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL ASSISTANCE NETTED WITH TUITION REVENUE FOR FINANCIAL STATEMENTS 3,339,298. 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 62845 62845 10125 62845 62845 10125 10125 -10125 1 MERIT SCHOLARSHIPS 12 31953 FINANCIAL ASSISTANCE 246 3202728 SIBLING DISCOUNTS 249 104617 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 TADS. APPLICANTS SUBMIT THEIR FAMILY FINANCIAL INFORMATION TO TADS 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 TADS APPLICATION. X 1 1 X X X 0 0 0 0 0 0 0 0 0 DOREEN C KELLY HEAD OF SCHOOL 418995 0 57868 0 8700 0 19950 0 86172 0 591685 0 0 0 GEORGE L JOHNSON ASST HEAD - BUSINESS & FIN 264332 0 205 0 10623 0 18606 0 9359 0 303125 0 0 0 COLLEEN M RAMSDEN ASST HEAD - ACADEMIC AFFAI 187705 0 203 0 667 0 13475 0 12567 0 214617 0 0 0 PHILIP C HIGGINSON ASST HEAD - ADVANCEMENT 164604 0 203 0 1306 0 1775 0 21902 0 189790 0 0 0 AARON D SUNDSTROM UPPER SCHOOL DIVISION HEAD 114249 0 217 0 384 0 8243 0 30778 0 153871 0 0 0 JASON T RAMSDEN CHIEF INFOMATION OFFICER 128817 0 217 0 503 0 9287 0 11636 0 150460 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 358636 9360799 9780565 1 0 0 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 1000 MERIT SCHOLARSHIP REWARD ACADEMIC EXCELLENCE 10000 NEED-BASED FINANCIAL AID FOR TUITION LINDSAY C KELLY DAUGHTER-IN-LAW OF HEAD OF SCHOOL 18288 LINDSAY C. KELLY IS THE DAUGHTER-IN-LAW OF DOREEN KELLY (HEAD OF SCHOOL) AND IS EMPLOYED AS A RAVENSCROFT LOWER SCHOOL TEACHING ASSISTANT. 0 X 13 331109 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 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-EO, IRS E-FILE SIGNATURE AUTHORIZATION FOR AN EXEMPT ORGANIZATION, 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 1,577,700. 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 TADS ON A NONDISCRIMINATORY BASIS. APPLICANTS SUBMIT THEIR FAMILY FINANCIAL INFORMATION TO TADS 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 TADS 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