2022-05-16T09:01:49-05:00 2021-06-30 561434747 GREERWALKER LLP 227 WEST TRADE ST SUITE 1100 CHARLOTTE NC 28202 990 2020-07-01 560952382 PROVIDENCE DAY SCHOOL INC PROV 7048876014 5800 SARDIS ROAD CHARLOTTE NC 28270 KRISTEN KRAL CHIEF FINANCIAL OFFICER 7048876014 2022-05-09 1 KRISTEN KRAL 999009999 PAULA P TILLEY P00051456 7043770239 2022-05-09 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z GLYN COWLISHAW 5800 SARDIS ROAD CHARLOTTE NC 28270 50187064 0 X WWW.PROVIDENCEDAY.ORG X 1971 NC PROVIDENCE DAY SCHOOL EXISTS TO INSPIRE IN ITS STUDENTS A PASSION FOR LEARNING, A COMMITMENT TO PERSONAL INTEGRITY, AND A SENSE OF SOCIAL RESPONSIBILITY. THE SCHOOL IS COMMITTED TO DEVELOPING STUDENT LEADERS WHO HAVE THE NECESSARY KNOWLEDGE, SKILLS AND CHARACTER TRAITS TO SUCCEED IN THE 21ST CENTURY GLOBAL ENVIRONMENT. 20 20 600 750 0 0 1905833 2080784 45450694 47872822 196913 38523 61129 147924 47614569 50140053 4395147 4432112 0 0 31902073 31799112 0 0 1845796 11001431 11956431 47298651 48187655 315918 1952398 101423765 110524658 47187593 47264988 54236172 63259670 X PROVIDENCE DAY SCHOOL EXISTS TO INSPIRE IN ITS STUDENTS A PASSION FOR LEARNING, A COMMITMENT TO PERSONAL INTEGRITY, AND A SENSE OF SOCIAL RESPONSIBILITY. THE SCHOOL IS COMMITTED TO DEVELOPING STUDENT LEADERS WHO HAVE THE NECESSARY KNOWLEDGE, SKILLS AND CHARACTER TRAITS TO SUCCEED IN THE 21ST CENTURY GLOBAL ENVIRONMENT. 0 0 41875538 4432112 46574833 PROVIDENCE DAY SCHOOL IS AN INDEPENDENT TRANSITIONAL KINDERGARTEN (TK) THROUGH GRADE 12 COLLEGE PREPARATORY SCHOOL LOCATED IN SOUTHEAST CHARLOTTE ON A 46 ACRE CAMPUS. THE SCHOOL IS A MEMBER OF ROUND SQUARE INTERNATIONAL, NETWORK OF COMPLIMENTARY SCHOOLS , GEBG AND IS ACCREDITED BY THE SOUTHERN ASSOCIATION OF INDEPENDENT SCHOOLS. 58896 230998 SUMMER AT PROVIDENCE DAY OFFERS FULL- AND HALF-DAY PROGRAMS IN ACADEMICS, ART, SCIENCE, CULTURE, TECHNOLOGY, SPORTS, AND MORE. THE SUMMER PROGRAM IS OPEN TO THE PUBLIC. 80446 315516 THE EXTENDED DAY PROGRAM, A NATIONALLY RECOGNIZED AFTER-SCHOOL PROGRAM, FOR THE LOWER SCHOOL STUDENTS OF PROVIDENCE DAY SCHOOL. THE PROGRAM OPENS AFTER SCHOOL, ON TEACHER WORKDAYS AND MOST SCHOOL HOLIDAYS WITH ACTIVITY CHOICES THAT RANGE FROM ART, COOKING, GARDENING, SEWING AND SPORTS AS WELL AS OVER 20 WEEKLY ENRICHMENT PROGRAMS. 599359 751478 599359 751478 42614239 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 103 0 1 600 1 0 0 0 0 0 1 1 1 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 1 0 X MS KRISTEN KRAL 7048876014 5800 SARDIS ROAD CHARLOTTE NC 28270 DR CHRISTOPHER MULLIS BOARD CHAIR 5.00 X X 0 0 0 WILLIAM LORENZ BOARD VICE CHAIR 5.00 X X 0 0 0 ROBERT ZIEGLER BOARD TREASURER 5.00 X X 0 0 0 KIMBERLY PAULK BOARD SECRETARY 5.00 X X 0 0 0 MONIQUE ALLEN TRUSTEE 5.00 X 0 0 0 WILLIAM BLANK TRUSTEE 5.00 X 0 0 0 KELLY BROOKS TRUSTEE 5.00 X 0 0 0 LYNN REEVES TRUSTEE 5.00 X 0 0 0 MOHAMMED DAHER TRUSTEE 5.00 X 0 0 0 ABIGAIL CAUDLE TRUSTEE 5.00 X 0 0 0 THOMAS SEDDON TRUSTEE 5.00 X 0 0 0 MATTHEW HEYD TRUSTEE 5.00 X 0 0 0 JOY HORD TRUSTEE 5.00 X 0 0 0 KEITH COCKRELL TRUSTEE 5.00 X 0 0 0 RICHARD BROWN TRUSTEE 5.00 X 0 0 0 JAMES RATCHFORD TRUSTEE 5.00 X 0 0 0 CHAD HAGLER TRUSTEE 5.00 X 0 0 0 KARA RUTH KILLOUGH KING TRUSTEE 5.00 X 0 0 0 SUNITA PRZYBYLO TRUSTEE 5.00 X 0 0 0 EDWARD YU TRUSTEE 5.00 X 0 0 0 GLYN COWLISHAW HEAD OF SCHOOL 70.00 X 535446 0 105820 KRISTEN KRAL CFO 55.00 X 243525 0 18915 JEFF APPEL ASSOCIATE HEAD OF SCHOOL 55.00 X 279168 0 27862 TODD SWARTZ ASSISTANT HEAD OF SCHOOL A 55.00 X 210700 0 51574 MICHAEL MAGNO ASSISTANT HEAD OF SCHOOL ACADEMICS 55.00 X 170906 0 99357 NANCY BEATTY DIRECTOR OF ATHLETICS 55.00 X 144272 0 14268 ERIN HARPER HEAD OF LOWER SCHOOL 55.00 X 140985 0 45748 ERIC HEDINGER HEAD OF UPPER SCHOOL 55.00 X 144902 0 75966 LISA KNIGHT ADMISSIONS DIRECTOR 55.00 X 134134 0 11412 MATT SCULLY TECHNOLOGY DIRECTOR 55.00 X 130790 0 7316 2134828 0 458238 10 0 1 0 THE BUDD GROUP PO BOX 890856 CHARLOTTE NC 282890856 JANITORIAL SERVICES 469489 FLIKCOMPASS GROUP USA PO BOX 417632 BOSTON MA 022417632 DINING SERVICES 130916 2 2080784 465034 2080784 TUITION AND FEES 611600 46574833 46574833 EXTENDED DAY PROGRAMS 611710 315513 315513 SUMMER SCHOOL 611710 230998 230998 SCHOOL STORE 611710 196568 196568 TRANSPORTATION 611710 95445 95445 459465 459465 47872822 25023 25023 22063 0 22063 22063 22063 13500 0 13500 13500 13500 172872 47011 125861 125861 50140053 47886322 0 172947 4432112 4432112 1649852 277540 1081572 290740 21146354 19205077 1261354 679923 1192291 1083571 76872 31848 6177885 5614554 398312 165019 1632730 1483850 105268 43612 71117 60745 3807 6565 62990 53803 3372 5815 144508 123432 7736 13340 268497 229338 14373 24786 444849 379970 23813 41066 1128401 963828 60405 104168 1353229 1163693 135309 54227 922876 787729 95558 39589 2541058 2168944 263109 109005 249145 213960 24878 10307 CONTINGENCY EXPENSE 1130153 965324 60499 104330 STUDENT AUXILIARY ACTIV 1058658 1016625 23441 18592 EDUCATIONAL PROGRAMMING 1007194 1007194 ACTIVITIES EXPENSE 405158 370197 23201 11760 1168598 1012753 64741 91104 48187655 42614239 3727620 1845796 11091908 13689180 7950491 9501693 1892691 970817 594275 898968 236249 313089 416990 559391 87924882 34380947 53413095 53543935 25515554 30737098 312512 310487 101423765 110524658 2357544 1695646 17537744 21129377 25362527 23418547 1929778 1021418 47187593 47264988 X 47543595 55377551 6692577 7882119 54236172 63259670 101423765 110524658 X 1952398 7071099 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15434509 1804227 4998368 189405 22047699 15160383 528450 -115180 139144 15434509 14080161 1057067 186025 162870 15160383 11451199 1733334 1067872 172244 14080161 10067503 598367 1008695 223366 11451199 0.69913 0.18733 0.11355 1 0 4727734 4727734 62392003 20161015 42230988 7074185 7507578 -433393 13730960 6712354 7018606 53543935 FFTC BENEFICIAL INTEREST IN ASSETS ENDOWMENT 22047699 F ANERITRADE 130227 F FFTC - CAPITAL PROJECT 8559172 F 30737098 VALUATION OF INTEREST SWAP 1021418 1021418 X 52812551 7118110 7118110 45694441 4445612 4445612 50140053 43789054 47011 47011 43742043 4445612 4445612 48187655 PART V, LINE 4: THE SPENDABLE EARNINGS FROM THE ENDOWMENT FUNDS ARE USED FOR THE FOLLOWING: STUDENT FINANCIAL AID, SOCIAL RESPONSIBILITY, DIVERSITY AND INCLUSION AND FACULTY ENRICHMENT. PART X, LINE 2: THE ORGANIZATION RECORDS LIABILITIES FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN WHEN THOSE POSITIONS ARE DEEMED UNCERTAIN TO BE UPHELD IN AN EXAMINATION BY TAXING AUTHORITIES. NO LIABILITIES FOR UNCERTAIN INCOME TAX POSITIONS WERE RECORDED AS OF JUNE 30, 2021 AND 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED GAIN ON INVESTMENTS 6,164,765. UNREALIZED GAIN ON INTEREST RATE CONTRACT 908,359. CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE -2,025. FUNDRAISING EVENT EXPENSES 47,011. PART XI, LINE 4B - OTHER ADJUSTMENTS: GAIN/LOSS ON SALE OF ASSETS RECORDED AS EXPENSE ITEM FOR AUDIT REPORT 13,500. FINANCIAL AID 4,432,112. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES 47,011. PART XII, LINE 4B - OTHER ADJUSTMENTS: GAIN/LOSS ON SALE OF ASSETS RECORDED AS EXPENSE ITEM FOR AUDIT REPORT 13,500. FINANCIAL AID 4,432,112. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL'S NON-DISCRIMINATORY POLICY IS POSTED ON ITS WEBSITE. PA AUCTION 122184 122184 28250 2645 PA SPIRIT RUN 47688 47688 1830 3643 10643 1 3000 3000 172872 172872 28250 1830 3643 13288 47011 125861 1 FINANCIAL AID 259 4432112 PART I, LINE 2: THE ORGANIZATION OFFERS FINANCIAL ASSISTANCE TO QUALIFIED STUDENTS ON THE BASIS OF THE DEMONSTRATED FINANCIAL NEED OF THE FAMILY AND THE AVAILABILITY OF FUNDS. ALL STUDENTS (TK-12TH GRADES) ARE ELIGIBLE TO APPLY FOR FINANCIAL AID. THE ORGANIZATION IS A MEMBER OF THE SCHOOL AND STUDENT SERVICE FOR FINANCIAL AID (SSS), WHICH ASSISTS INDEPENDENT SCHOOLS IN DETERMINING FINANCIAL NEED. THE SSS USES THE PARENT'S FINANCIAL STATEMENT (PFS) TO COMPUTE A REPORT OF FAMILY COMPUTATION (RFC) FOR EACH FAMILY. THIS SYSTEM CONSIDERS GROSS TAXABLE INCOME AND NON-TAXABLE INCOME, ASSETS, LIABILITIES, FAMILY SIZE AND THE NUMBER OF STUDENTS IN TUITION CHARGING SCHOOLS OR COLLEGES. AFTER AN ALLOWANCE FOR BASIC LIVING EXPENSES AND TAXES, THE REMAINING FUNDS ARE CONSIDERED TO BE DISCRETIONARY INCOME, A PORTION OF WHICH IS AVAILABLE FOR EDUCATION. THE RFC IS USED AS A GUIDELINE IN MAKING FINANCIAL ASSISTANCE DECISIONS. FINANCIAL ASSISTANCE IS NEED-BASED; AWARDS WILL NOT EXCEED THE FAMILY'S DEMONSTRATED NEED. X 1 1 X X X X 0 1 0 0 0 0 0 0 0 GLYN COWLISHAW HEAD OF SCHOOL 535446 0 0 0 0 0 95693 0 10127 0 641266 0 0 0 JEFF APPEL ASSOCIATE HEAD OF SCHOOL 279168 0 0 0 0 0 14059 0 13803 0 307030 0 0 0 MICHAEL MAGNO ASSISTANT HEAD OF SCHOOL ACADEMICS 170906 0 0 0 0 0 3000 0 96357 0 270263 0 0 0 KRISTEN KRAL CFO 243525 0 0 0 0 0 11838 0 7077 0 262440 0 0 0 TODD SWARTZ ASSISTANT HEAD OF SCHOOL A 210700 0 0 0 0 0 10425 0 41149 0 262274 0 0 0 ERIC HEDINGER HEAD OF UPPER SCHOOL 144902 0 0 0 0 0 7533 0 68433 0 220868 0 0 0 ERIN HARPER HEAD OF LOWER SCHOOL 140985 0 0 0 0 0 7377 0 38371 0 186733 0 0 0 NANCY BEATTY DIRECTOR OF ATHLETICS 144272 0 0 0 0 0 7450 0 6818 0 158540 0 0 0 PART I, LINE 1A HEALTH OR SOCIAL CLUB DUES: $7,170 IN CLUB DUES PAID ON BEHALF OF HEAD OF SCHOOL. A PUBLIC FINANCE AUTHORITY 273866124 2016-06-15 13300000 EDUCATIONAL FACILITIES IMPROVEMENT 0 0 0 B PUBLIC FINANCE AUTHORITY 273866124 2020-11-30 11850988 EDUCATIONAL FACILITIES REVENUE BOND REFUNDING PRIOR ISSUE DATED 9/23/2010 0 0 0 A 962023 13300000 374887 13300000 2018 0 0 1 1 B 228035 11850988 237019 11613969 1 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 1 0 0 1 1 SUN TRUST BANK 30.000000000000 0 0 0 0 1 B 0 1 0 0 0 0 0 0 0 A 1 B 1 X 80000 FAIR MARKET VALUE X 24 322717 FAIR MARKET VALUE X FUNDRAISING EVENTS 95 62317 FAIR MARKET VALUE 1 0 0 1 PART I, LINE 32B: THE ORGANIZATION USES MORGAN STANLEY WEALTH MANAGEMENT TO SELL STOCK DONATIONS THAT IT RECEIVES DURING THE YEAR. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF FORM 990 WAS PROVIDED TO THE ORGANIZATION'S GOVERNING BODY FOR REVIEW PRIOR TO FILING. THE FORM 990 IS SIGNED BY THE CHIEF FINANCIAL OFFICER. FORM 990, PART VI, SECTION B, LINE 12C PROVIDENCE DAY SCHOOL MAINTAINS A WRITTEN CONFLICT OF INTEREST POLICY. EACH TRUSTEE AND EMPLOYEE IS REQUIRED TO CERTIFY HIS COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY EACH YEAR. THE BOARD REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 COMPARABLE DATA FROM 49 SCHOOLS THAT ARE SUBSTANTIALLY THE SAME (INDEX) IS USED IN DETERMINING COMPENSATION. THE BOARD USES COMPARABLE DATA FOR COMPENSATION FOR THE HEAD OF SCHOOL. THE HEAD OF SCHOOL USES THE DATA FOR COMPENSATION OF MANAGEMENT AND KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CASH SURRENDER VALUE OF LIFE INSURANCE -2,025. UNREALIZED GAIN ON INVESTMENTS 6,164,765. UNREALIZED GAIN ON INTEREST RATE CONTRACT 908,359. FORM 990, PART XI, LINE 2C, AUDIT COMMITTEE: THE AUDIT COMMITTEE'S PROCESS OF EVALUATION HAS NOT CHANGED SINCE PRIOR YEAR.