CHRIST SCHOOL INC: Form 990, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- CHRIST SCHOOL INC (EIN 56-0615187)
- Tax period
- 2019-07-01 to 2020-06-30
- Filed
- 2020-11-13
- IRS object ID
- 202003189349311515
- Schema version
- 2019v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule I
- Schedule J
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-11-13T15:55:08-06:00 | ReturnTs |
| Tax Period End | 2020-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 560574444 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHERRY BEKAERT LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1111 METROPOLITAN AVE STE 900 | AddressLine1Txt |
| City | CHARLOTTE | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28204 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2019-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 560615187 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHRIST SCHOOL INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CHRI | BusinessNameControlTxt |
| Phone | 8286846232 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 CHRIST SCHOOL ROAD | AddressLine1Txt |
| City | ARDEN | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28704 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DWIGHT L PHILLIPS | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 8286846232 | PhoneNum |
| Signature | 2020-11-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | AMANDA ADAMS | PreparerPersonNm |
| PTIN | P00748038 | PTIN |
| Phone | 7043771678 | PhoneNum |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 24.30.12.216 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2020-11-13 | IPDt |
| IP Tm | 11:28:45 | IPTm |
| IP Timezone | ES | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 18694F53AD11E15FFCEA276DE93F63B2E746D691 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | TaxYr |
| Build TS | 2021-01-29 14:40:06Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | PAUL KRIEGER | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 CHRIST SCHOOL ROAD | AddressLine1Txt |
| City | ARDEN | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28704 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $20,330,669 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.CHRISTSCHOOL.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1907 | FormationYr |
| Legal Domicile State | NC | LegalDomicileStateCd |
| Activity Or Mission | CHRIST SCHOOL IS A BOYS COLLEGE PREPARATORY SCHOOL FOR BOTH BOARDING AND DAY STUDENTS IN GRADES 8-12. OPEN TO STUDENTS WORLDWIDE, ITS MISSION IS TO PRODUCE EDUCATED MEN OF GOOD CHARACTER, PREPARED FOR BOTH SCHOLASTIC ACHIEVEMENT IN COLLEGE AND PRODUCTIVE CITIZENSHIP IN ADULT SOCIETY. | ActivityOrMissionDesc |
| Voting Members Governing Body | 20 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 20 | VotingMembersIndependentCnt |
| Total Employee | 177 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $3,532,647 | PYContributionsGrantsAmt |
| CY Contributions Grants | $2,339,952 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $13,416,102 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $13,401,217 | CYProgramServiceRevenueAmt |
| PY Investment Income | $367,244 | PYInvestmentIncomeAmt |
| CY Investment Income | $588,041 | CYInvestmentIncomeAmt |
| PY Other Revenue | $142,772 | PYOtherRevenueAmt |
| CY Other Revenue | $16,220 | CYOtherRevenueAmt |
| PY Total Revenue | $17,458,765 | PYTotalRevenueAmt |
| CY Total Revenue | $16,345,430 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $4,112,582 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $4,699,010 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $7,634,606 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $7,474,323 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $882,779 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $6,091,194 | PYOtherExpensesAmt |
| CY Other Expenses | $4,882,046 | CYOtherExpensesAmt |
| PY Total Expenses | $17,838,382 | PYTotalExpensesAmt |
| CY Total Expenses | $17,055,379 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$379,617 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$709,949 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $42,738,670 | TotalAssetsBOYAmt |
| Total Assets EOY | $43,337,408 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $973,849 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $2,358,946 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $41,764,821 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $40,978,462 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE MISSION OF THE SCHOOL IS TO PRODUCE EDUCATED MEN OF GOOD CHARACTER, PREPARED FOR BOTH SCHOLASTIC ACHIEVEMENT IN COLLEGE AND PRODUCTIVE CITIZENSHIP IN ADULT SOCIETY. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $13,894,798 | ExpenseAmt |
| Grant | $4,699,010 | GrantAmt |
| Revenue | $13,401,217 | RevenueAmt |
| Desc | AS A COLLEGE PREPARATORY SCHOOL FOR NEARLY 300 BOYS IN GRADES 8-12, THE SCHOOL PREPARES ITS STUDENTS FOR SUCCESS AND ACHIEVEMENT IN LEADING COLLEGES IN THE UNITED STATES. CLASSES ARE SMALL, BUT DEMANDING, AND ARE BUILT AROUND CRITICAL THINKING THROUGH RESEARCH, INCISIVE ANALYSIS, AND GOOD WRITING WITH 30 HONORS LEVEL AND 18 ADVANCED PLACEMENT COURSES OFFERED. THE SCHOOL EXPECTS ALL STUDENTS TO BECOME INDEPENDENT LEARNERS, EXPAND THEIR INTELLECTUAL CURIOSITY, AND TO DEMONSTRATE IMPROVEMENT AND MASTERY IN THE DIFFICULT MATERIAL WITH WHICH THEY ARE CHALLENGED. THE SCHOOL ENCOURGAGES EACH STUDENT IN THE NURTURING ENVIRONMENT OF A CLOSE-KNIT CAMPUS TO DEVELOP ACADEMICALLY TO HIS MAXIMUM POTENTIAL. STUDENT SUPPORT SERVICES PROVIDE FOR THE FOOD, HOUSING, EDUCATIONAL, AND WELLNESS NEEDS OF THE SCHOOL'S STUDENTS AND INCLUDE EXPENSES FOR DINING HALL SERVICES, DORMITORIES, THE SCHOOL BOOKSTORE, AND THE CAMPUS WELLNESS CENTER. THE SCHOOL PROVIDES A VARIETY OF EXTRACURRICULAR OPPORTUNITIES FOR STUDENTS, INCLUDING COMPETITIVE SPORTS, STUDENT GOVERNMENT, CLUBS, AND COMMUNITY SERVICE ACTIVITIES. | Desc |
| Total Program Service Expenses | $13,894,798 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | Yes (1) | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | Yes (1) | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | 0 | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 21 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 177 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 20 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 20 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | 0 | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DWIGHT L PHILLIPS | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8286846232 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 CHRIST SCHOOL ROAD | AddressLine1Txt |
| City | ARDEN | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28704 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (25 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| BERT SCOTT | |||||||
| PRESIDENT | 5.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| RONALD BRUMLEY | |||||||
| VICE PRESIDENT | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| DANIEL WALL | |||||||
| TREASURER | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| STEVEN YOUNG | |||||||
| SECRETARY | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| FRANKLIN ADAMS | |||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| SHANNON P ALLISON | |||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JOHN BEARD | |||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| PETER DODGE | |||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MICHAEL GRACE | |||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| BLAKE GRAEBER | |||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| KARYN KENNEDY HERTERICH | |||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JOHN HINE | |||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JOHN C KNAPP | |||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| LEE ANNE MANGONE | |||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| LOUIS MOORE JR | |||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| BRIAN PECHELES | |||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| BERTRAM SCOTT | |||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| DANIEL MURCHISON | |||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| TOWNSEND TANNER | |||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| THOMAS D WESTFELDT II | |||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| PAUL KRIEGER | |||||||
| HEADMASTER | 40.00 | Yes (X) | $418,935 | $0 | $82,698 | ||
| DWIGHT L PHILLIPS | |||||||
| CFO | 40.00 | Yes (X) | $117,500 | $0 | $23,936 | ||
| DANIEL ELMER | |||||||
| DIRECTOR OF FACILITIES/HR | 40.00 | $105,750 | $0 | $15,648 | Yes (X) | ||
| KATHERINE ELLIS | |||||||
| DIRECTOR OF ADVANCEMENT | 40.00 | $120,000 | $0 | $18,798 | Yes (X) | ||
| KIRK BLACKARD | |||||||
| DIRECTOR OF COLLEGE GUIDANCE | 40.00 | $100,898 | $0 | $16,817 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $863,083 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $157,897 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 5 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (4 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| SAGE DINING SERVICES | |||||
| 1402 YORK RD | LUTHERVILLE | MD | 21093 | FOOD SERVICE | $994,750 |
| JSL BUILDING | |||||
| PO BOX 1792 | FAIRVIEW | NC | 28730 | CONSTRUCTION | $451,319 |
| CORNEL ZIMMER ORGANBUILDERS | |||||
| PO BOX 2309 | DENVER | NC | 28037 | MUSICAL INSTRUMENT SERVICE | $218,302 |
| SPARKLING CLEANING & JANITORIAL SERVICES | |||||
| PO BOX 486 | ARDEN | NC | 28704 | JANITORIAL SERVICE | $118,004 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $2,339,952 | AllOtherContributionsAmt |
| Noncash Contributions | $225,117 | NoncashContributionsAmt |
| Total Contributions | $2,339,952 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TUITION AND FEES | 611110 | $13,039,284 | $13,039,284 |
| BOOKSTORE | 611110 | $223,426 | $223,426 |
| SUMMER PROGRAMS | 611110 | $138,507 | $138,507 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $13,401,217 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $373,915 | TotalRevenueColumnAmt |
| Exclusion | $373,915 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $4,199,365 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $3,985,239 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $214,126 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $214,126 | TotalRevenueColumnAmt |
| Exclusion | $214,126 | ExclusionAmt |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $16,220 | TotalRevenueColumnAmt |
| Exclusion | $16,220 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $16,220 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $16,345,430 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $13,401,217 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $604,261 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,699,010 | TotalAmt |
| Program Services | $4,699,010 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $801,649 | TotalAmt |
| Program Services | $545,121 | ProgramServicesAmt |
| Fundraising | $256,528 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,203,307 | TotalAmt |
| Program Services | $4,695,797 | ProgramServicesAmt |
| Management And General | $336,596 | ManagementAndGeneralAmt |
| Fundraising | $170,914 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $440,088 | TotalAmt |
| Program Services | $310,121 | ProgramServicesAmt |
| Management And General | $116,494 | ManagementAndGeneralAmt |
| Fundraising | $13,473 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $641,170 | TotalAmt |
| Program Services | $450,720 | ProgramServicesAmt |
| Management And General | $157,920 | ManagementAndGeneralAmt |
| Fundraising | $32,530 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $388,109 | TotalAmt |
| Program Services | $272,367 | ProgramServicesAmt |
| Management And General | $90,662 | ManagementAndGeneralAmt |
| Fundraising | $25,080 | FundraisingAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $135,065 | TotalAmt |
| Management And General | $135,065 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $172,083 | TotalAmt |
| Program Services | $105,547 | ProgramServicesAmt |
| Management And General | $66,536 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,047,285 | TotalAmt |
| Program Services | $753,637 | ProgramServicesAmt |
| Management And General | $207,069 | ManagementAndGeneralAmt |
| Fundraising | $86,579 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $261,315 | TotalAmt |
| Program Services | $147,008 | ProgramServicesAmt |
| Management And General | $101,037 | ManagementAndGeneralAmt |
| Fundraising | $13,270 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $81,236 | TotalAmt |
| Program Services | $58,458 | ProgramServicesAmt |
| Management And General | $16,062 | ManagementAndGeneralAmt |
| Fundraising | $6,716 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,192,415 | TotalAmt |
| Program Services | $851,730 | ProgramServicesAmt |
| Management And General | $279,848 | ManagementAndGeneralAmt |
| Fundraising | $60,837 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| STUDENT ACTIVITIES | $1,441,942 | $694,396 | $557,527 | $190,019 |
| BOOK STORE | $166,964 | $102,407 | $64,557 | |
| SUMMER PROGRAMS | $98,467 | $60,395 | $38,072 | |
| DINING HALL | $81,568 | $50,030 | $31,538 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $203,706 | TotalAmt |
| Program Services | $98,054 | ProgramServicesAmt |
| Management And General | $78,819 | ManagementAndGeneralAmt |
| Fundraising | $26,833 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $17,055,379 | TotalAmt |
| Program Services | $13,894,798 | ProgramServicesAmt |
| Management And General | $2,277,802 | ManagementAndGeneralAmt |
| Fundraising | $882,779 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $184,448 | BOYAmt |
| EOY | $1,196,817 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,531,141 | BOYAmt |
| EOY | $1,395,449 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $177,778 | BOYAmt |
| EOY | $113,374 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $90,198 | BOYAmt |
| EOY | $87,112 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $95,817 | BOYAmt |
| EOY | $117,451 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $334,626 | BOYAmt |
| EOY | $225,593 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $48,137,270 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $26,924,537 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,619,936 | BOYAmt |
| EOY | $21,212,733 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,876,091 | BOYAmt |
| EOY | $15,210,240 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,136,352 | BOYAmt |
| EOY | $1,129,851 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,692,283 | BOYAmt |
| EOY | $2,648,788 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $42,738,670 | BOYAmt |
| EOY | $43,337,408 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $32,831 | BOYAmt |
| EOY | $40,292 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $736,020 | BOYAmt |
| EOY | $2,041,746 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $167,275 | BOYAmt |
| EOY | $231,631 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $37,723 | BOYAmt |
| EOY | $45,277 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $973,849 | BOYAmt |
| EOY | $2,358,946 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $24,210,011 | BOYAmt |
| EOY | $22,955,845 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,554,810 | BOYAmt |
| EOY | $18,022,617 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $41,764,821 | BOYAmt |
| EOY | $40,978,462 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $42,738,670 | BOYAmt |
| EOY | $43,337,408 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$709,949 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$16,030 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$60,380 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | Yes (1) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $15,428,783 | BeginningYearBalanceAmt |
| Contributions | $1,005,954 | ContributionsAmt |
| Investment Earnings Or Losses | $426,558 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $671,678 | OtherExpendituresAmt |
| End Year Balance | $16,189,617 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $13,828,589 | BeginningYearBalanceAmt |
| Contributions | $1,506,085 | ContributionsAmt |
| Investment Earnings Or Losses | $720,662 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $626,553 | OtherExpendituresAmt |
| End Year Balance | $15,428,783 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $14,181,245 | BeginningYearBalanceAmt |
| Contributions | $710,679 | ContributionsAmt |
| Investment Earnings Or Losses | $938,576 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $2,001,911 | OtherExpendituresAmt |
| End Year Balance | $13,828,589 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $14,389,680 | BeginningYearBalanceAmt |
| Contributions | $254,464 | ContributionsAmt |
| Investment Earnings Or Losses | $1,439,150 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $1,902,049 | OtherExpendituresAmt |
| End Year Balance | $14,181,245 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $20,213,646 | BeginningYearBalanceAmt |
| Contributions | $898,175 | ContributionsAmt |
| Investment Earnings Or Losses | -$5,478,621 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $1,243,520 | OtherExpendituresAmt |
| End Year Balance | $14,389,680 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.17810 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.63420 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.18770 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | Yes (1) | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $500 | OtherCostOrOtherBasisAmt |
| Book Value | $500 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $39,516,306 | OtherCostOrOtherBasisAmt |
| Depreciation | $21,462,893 | DepreciationAmt |
| Book Value | $18,053,413 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $4,072,835 | OtherCostOrOtherBasisAmt |
| Depreciation | $3,481,731 | DepreciationAmt |
| Book Value | $591,104 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $4,547,629 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,979,913 | DepreciationAmt |
| Book Value | $2,567,716 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $21,212,733 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (5 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| CASH RESTRICTED TO PROPERTY, EQUIPMENT, AND ENDOWMENTS | $612,010 |
| INTEREST IN PERPETUAL TRUSTS | $1,680,674 |
| INTEREST IN CHARITABLE LEAD TRUST | $30,137 |
| CASH SURRENDER VALUE OF LIFE INSURANCE | $102,767 |
| ASSETS HELD FOR EMPLOYEES | $223,200 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $2,648,788 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| DEPOSIT | $20,950 |
| TRP | $24,327 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $45,277 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $11,434,945 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$16,030 | NetUnrealizedGainsInvstAmt |
| Other Revenue | -$60,380 | OtherRevenueAmt |
| Revenue Not Reported | -$76,410 | RevenueNotReportedAmt |
| Revenue Subtotal | $11,511,355 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $135,065 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | $4,699,010 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $4,834,075 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $16,345,430 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $12,221,304 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $12,221,304 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $135,065 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $4,699,010 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $4,834,075 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $17,055,379 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART IV, LINE 2B: | IN 2017, THE SCHOOL BEGAN TO PROVIDE CERTAIN KEY EMPLOYEES THE OPPORTUNITY TO DEFER CURRENT COMPENSATION UNDER 457(B) AND 457(F) PLANS. THE SCHOOL HOLDS THE DEFERRED AMOUNTS, PLUS ANY EARNINGS, FOR THEIR BENEFIT. DEFERRALS UNDER THE 457(B) PLAN ARE ELECTIVE WHILE DEFERRALS UNDER THE 457(F) PLAN ARE FUNDED BY THE SCHOOL. PARTICIPANTS ARE REQUIRED TO COMMENCE BENEFIT PAYMENTS NO EARLIER THAN 60 DAYS FOLLOWING SEPARATION FROM SERVICE AND NO LATER THAN ACHIEVING THE AGE OF 70 OR AS OTHERWISE LIMITED BY THE PLAN DOCUMENTS. TOTAL CONTRIBUTIONS TO THE PLANS WERE $59,000 AND $57,200 FOR THE YEARS ENDED JUNE 30, 2020 AND 2019, RESPECTIVELY. THE FAIR VALUE OF THE PLAN ASSETS TOTALED $223,200 AND $164,200 AS OF JUNE 30, 2020 AND 2019, RESPECTIVELY, AND ARE REFLECTED AS ASSETS HELD FOR EMPLOYEES ON THE STATEMENTS OF FINANCIAL POSITION WITH AN EQUAL RELATED LIABILITY PRESENTED AS DUE TO EMPLOYEES. THE SCHOOL'S POLICY IS TO RECOGNIZE THE FAIR VALUE OF INVESTMENT HELD BY THE PLAN AND AN OFFSETTING LIABILITY UNTIL BENEFITS ARE DISTRIBUTED, AT WHICH TIME THE ASSET AND LIABILITY ARE REMOVED FROM THE SCHOOL'S BOOKS. |
| PART V, LINE 4: | THE SCHOOL'S ENDOWMENT CONSISTS OF APPROXIMATELY 40 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. ITS ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. THE SCHOOL HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. THESE FUNDS ARE USED TO ACHIEVE EDUCATIONAL GOALS AND MEET BUDGETARY NEEDS. |
| PART X, LINE 2: | THE SCHOOL IS EXEMPT FROM FEDERAL AND STATE INCOME TAXATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. HOWEVER, INCOME UNRELATED TO ITS EXEMPT FUNCTION, IF ANY, IS SUBJECT TO INCOME TAXATION. MANAGEMENT BELIEVES THAT THE SCHOOL CONTINUES TO SATISFY THE REQUIREMENTS OF A TAX-EXEMPT ORGANIZATION AND IS NOT SUBJECT TO TAX. NO PROVISION FOR INCOME TAXES HAS BEEN REFLECTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | CHANGE IN VALUE OF LIMITED PARTNERSHIP -6,502. CHANGE IN INTEREST IN PERPETUAL TRUST -53,878. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL AID EXPENSES NETTED WITH REVENUE 4,699,010. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL AID EXPENSES NETTED WITH REVENUE 4,699,010. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | 0 | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE E, PART I, LINE 3 | FormAndLineReferenceDesc |
| Explanation | THE SCHOOL POSTS INFORMATION ON ITS WEBSITE ABOUT ITS RACIALLY NONDISCRIMINATORY POLICY. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (2 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Non Cash AssistanceNonCashAssistanceAmt | Valuation Method UsedValuationMethodUsedDesc | Non Cash AssistanceNonCashAssistanceDesc |
|---|---|---|---|---|
| MERIT SCHOLARSHIP | 47 | $457,948 | PUBLISHED TUITION RATES | TUITION REDUCTION |
| FINANCIAL AID | 143 | $3,804,106 | PUBLISHED TUITION RATES | TUITION REDUCTION |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE SCHOOL AWARDS A LIMITED NUMBER OF MERIT SCHOLARSHIPS EACH YEAR TO STUDENTS BASED ON DEMONSTRATED RECORDS OF ACADEMIC EXCELLENCE AND LEADERSHIP POTENTIAL IN ATHLETICS, SCOUTING, COMMUNITY SERVICE, SPIRITUAL PURSUITS, AND OTHER ACTIVITIES. THE SCHOOL ALSO SPONSORS NEED-BASED FINANCIAL AID GRANTS TO ADMITTED STUDENTS WITH DEMONSTRATED NEED ON A FIRST-COME, FIRST-SERVE BASIS. SUBSEQUENT YEARS' FINANCIAL ASSISTANCE DEPENDS UPON A STUDENT'S FAMILY DEMONSTRATING NEED ANNUALLY. IN ADDITION, THE STUDENT RECIPIENT OF SUCH ASSISTANCE MUST MAKE SATISFACTORY ACADEMIC PROGRESS (AS DEFINED IN THE STUDENT HANDBOOK) AND MAINTAIN GOOD CITIZENSHIP AS A MEMBER OF THE SCHOOL COMMUNITY. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | PAUL KRIEGER | PersonNm |
| Title | HEADMASTER | TitleTxt |
| Base Compensation Filing Org | $358,935 | BaseCompensationFilingOrgAmt |
| Compensation Based On Rltd Orgs | $0 | CompensationBasedOnRltdOrgsAmt |
| Bonus Filing Organization | $60,000 | BonusFilingOrganizationAmount |
| Bonus Related Organizations | $0 | BonusRelatedOrganizationsAmt |
| Other Compensation Filing Org | $0 | OtherCompensationFilingOrgAmt |
| Other Compensation Rltd Orgs | $0 | OtherCompensationRltdOrgsAmt |
| Deferred Compensation Flng Org | $68,000 | DeferredCompensationFlngOrgAmt |
| Deferred Comp Rltd Orgs | $0 | DeferredCompRltdOrgsAmt |
| Nontaxable Benefits Filing Org | $14,698 | NontaxableBenefitsFilingOrgAmt |
| Nontaxable Benefits Rltd Orgs | $0 | NontaxableBenefitsRltdOrgsAmt |
| Total Compensation Filing Org | $501,633 | TotalCompensationFilingOrgAmt |
| Total Compensation Rltd Orgs | $0 | TotalCompensationRltdOrgsAmt |
| Comp Report Prior990 Filing Org | $0 | CompReportPrior990FilingOrgAmt |
| Comp Report Prior990 Rltd Orgs | $0 | CompReportPrior990RltdOrgsAmt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | FOR THE HEADMASTER AND DIRECTOR OF EXTERNAL AFFAIRS, THE SCHOOL PROVIDES A PERSONAL RESIDENCE ON CAMPUS. USE OF THIS RESIDENCE IS A CONDITION OF EMPLOYMENT SO THAT THESE INDIVIDUALS CAN BE AVAILABLE FOR THE NEEDS OF THE SCHOOL. THE SCHOOL ALSO HAS A CLUB MEMBERSHIP REGISTERED IN THE HEADMASTER'S NAME. THE CLUB IS USED FOR VARIOUS EVENTS THE SCHOOL HOLDS DURING THE YEAR. BOTH BENEFITS ARE TREATED AS NONTAXABLE. |
| PART I, LINE 4B | EFFECTIVE JULY 1, 2016, THE SCHOOL ESTABLISHED A 457(F) DEFERRED COMPENSATION PLAN WITH PAUL KRIEGER AS THE SOLE PARTICIPANT. UNDER THE TERMS OF THE PLAN, $40,000 SHALL BE REMITTED BY THE SCHOOL ANNUALLY TO THE PLAN THROUGH JUNE 30, 2020. THE PARTICIPANT'S RIGHT TO THE DEFERRED COMPENSATION ACCOUNT IS CONDITIONED UPON HIS CONTINUED EMPLOYMENT WITH THE SCHOOL UNTIL JUNE 30, 2020. |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ELIZABETH KRIEGER | PersonNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | SPOUSE OF HEADMASTER, PAUL KRIEGER | RelationshipDescriptionTxt |
| Transaction | $34,415 | TransactionAmt |
| Transaction | EMPLOYMENT COMPENSATION | TransactionDesc |
| Sharing Of Revenues | 0 | SharingOfRevenuesInd |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 17 | ContributionCnt |
| Noncash Contributions Rpt F990 | $225,117 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11B | THE 990 IS REVIEWED BY MANAGEMENT. THE PUBLIC DISCLOSURE COPY OF FORM 990 IS PROVIDED TO THE BOARD PRIOR TO FILING. THE PUBLIC DISCLOSURE COPY IS USED TO PROTECT DONOR PRIVACY. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE ORGANIZATION MAINTAINS A CONFLICT OF INTEREST POLICY WHICH REQUIRES BOARD MEMBERS TO DISCLOSE POTENTIAL CONFLICTS ON AN ANNUAL BASIS. BOARD MEMBERS ARE ALSO REQUIRED TO DISCLOSE POTENTIAL CONFLICTS AS THEY ARISE. IN THE EVENT OF A CONFLICT, THE INDIVIDUAL WILL RECUSE THEMSELVES FROM VOTING ON THE MATTER. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE BOARD OF DIRECTORS HAS ESTABLISHED A COMPENSATION COMMITTEE. THE COMMITTEE UTILIZES COMPARABLE DATA AND ESTABLISHES THE HEADMASTER'S COMPENSATION PACKAGE. COMPENSATION OF OTHER KEY EMPLOYEES IS HANDLED BY THE EXECUTIVE COMMITTEE BASED ON MARKET COMPARABLES. |
| FORM 990, PART VI, SECTION C, LINE 18 | THE FORM 990 IS AVAILABLE UPON REQUEST. ADDITIONALLY, RECENT FILINGS OF THE FORM ARE AVAILABLE ON WWW.GUIDESTAR.ORG. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. |
| FORM 990, PART XI, LINE 9: | CHANGE IN VALUE OF LIMITED PARTNERSHIP -6,502. CHANGE IN INTEREST IN PERPETUAL TRUST -53,878. |
Schedule R IRS990ScheduleR
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE PRODIGY FUND LIMITED | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 378 BAY LAUREL LANE | AddressLine1Txt |
| City | HENDERSONVILLE | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28791 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 223849908 | EIN |
| Primary Activities | INVESTMENTS | PrimaryActivitiesTxt |
| Legal Domicile State | NC | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHRIST SCHOOL INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Predominant Income Type | EXCLUDED | PredominantIncomeTypeTxt |
| Share Of Total Income | $19,049 | ShareOfTotalIncomeAmt |
| Share Of EOY Assets | $1,129,851 | ShareOfEOYAssetsAmt |
| Disproportionate Allocations | 0 | DisproportionateAllocationsInd |
| General Or Managing Partner | 0 | GeneralOrManagingPartnerInd |
| Ownership | 0.69300 | OwnershipPct |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |