2020-11-13T15:55:08-06:00 2020-06-30 560574444 CHERRY BEKAERT LLP 1111 METROPOLITAN AVE STE 900 CHARLOTTE NC 28204 990 2019-07-01 560615187 CHRIST SCHOOL INC CHRI 8286846232 500 CHRIST SCHOOL ROAD ARDEN NC 28704 DWIGHT L PHILLIPS CFO 8286846232 2020-11-13 1 AMANDA ADAMS P00748038 7043771678 24.30.12.216 2020-11-13 11:28:45 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 18694F53AD11E15FFCEA276DE93F63B2E746D691 2019 2021-01-29 14:40:06Z PAUL KRIEGER 500 CHRIST SCHOOL ROAD ARDEN NC 28704 20330669 0 X WWW.CHRISTSCHOOL.ORG X 1907 NC 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. 20 20 177 0 0 0 3532647 2339952 13416102 13401217 367244 588041 142772 16220 17458765 16345430 4112582 4699010 0 0 7634606 7474323 0 0 882779 6091194 4882046 17838382 17055379 -379617 -709949 42738670 43337408 973849 2358946 41764821 40978462 X 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. 0 0 13894798 4699010 13401217 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. 13894798 1 1 0 0 0 0 0 0 1 1 1 0 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 1 1 0 0 0 1 21 0 1 177 1 0 0 0 0 0 0 0 0 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 1 1 0 X DWIGHT L PHILLIPS 8286846232 500 CHRIST SCHOOL ROAD ARDEN NC 28704 BERT SCOTT PRESIDENT 5.00 X X 0 0 0 RONALD BRUMLEY VICE PRESIDENT 2.00 X X 0 0 0 DANIEL WALL TREASURER 2.00 X X 0 0 0 STEVEN YOUNG SECRETARY 2.00 X X 0 0 0 FRANKLIN ADAMS BOARD MEMBER 1.00 X 0 0 0 SHANNON P ALLISON BOARD MEMBER 1.00 X 0 0 0 JOHN BEARD BOARD MEMBER 1.00 X 0 0 0 PETER DODGE BOARD MEMBER 1.00 X 0 0 0 MICHAEL GRACE BOARD MEMBER 1.00 X 0 0 0 BLAKE GRAEBER BOARD MEMBER 1.00 X 0 0 0 KARYN KENNEDY HERTERICH BOARD MEMBER 1.00 X 0 0 0 JOHN HINE BOARD MEMBER 1.00 X 0 0 0 JOHN C KNAPP BOARD MEMBER 1.00 X 0 0 0 LEE ANNE MANGONE BOARD MEMBER 1.00 X 0 0 0 LOUIS MOORE JR BOARD MEMBER 1.00 X 0 0 0 BRIAN PECHELES BOARD MEMBER 1.00 X 0 0 0 BERTRAM SCOTT BOARD MEMBER 1.00 X 0 0 0 DANIEL MURCHISON BOARD MEMBER 1.00 X 0 0 0 TOWNSEND TANNER BOARD MEMBER 1.00 X 0 0 0 THOMAS D WESTFELDT II BOARD MEMBER 1.00 X 0 0 0 PAUL KRIEGER HEADMASTER 40.00 X 418935 0 82698 DWIGHT L PHILLIPS CFO 40.00 X 117500 0 23936 DANIEL ELMER DIRECTOR OF FACILITIES/HR 40.00 X 105750 0 15648 KATHERINE ELLIS DIRECTOR OF ADVANCEMENT 40.00 X 120000 0 18798 KIRK BLACKARD DIRECTOR OF COLLEGE GUIDANCE 40.00 X 100898 0 16817 863083 0 157897 5 0 1 0 SAGE DINING SERVICES 1402 YORK RD LUTHERVILLE MD 21093 FOOD SERVICE 994750 JSL BUILDING PO BOX 1792 FAIRVIEW NC 28730 CONSTRUCTION 451319 CORNEL ZIMMER ORGANBUILDERS PO BOX 2309 DENVER NC 28037 MUSICAL INSTRUMENT SERVICE 218302 SPARKLING CLEANING & JANITORIAL SERVICES PO BOX 486 ARDEN NC 28704 JANITORIAL SERVICE 118004 5 2339952 225117 2339952 TUITION AND FEES 611110 13039284 13039284 BOOKSTORE 611110 223426 223426 SUMMER PROGRAMS 611110 138507 138507 13401217 373915 373915 4199365 3985239 214126 214126 214126 16220 16220 16220 16345430 13401217 0 604261 4699010 4699010 801649 545121 256528 5203307 4695797 336596 170914 440088 310121 116494 13473 641170 450720 157920 32530 388109 272367 90662 25080 135065 135065 172083 105547 66536 1047285 753637 207069 86579 261315 147008 101037 13270 81236 58458 16062 6716 1192415 851730 279848 60837 STUDENT ACTIVITIES 1441942 694396 557527 190019 BOOK STORE 166964 102407 64557 SUMMER PROGRAMS 98467 60395 38072 DINING HALL 81568 50030 31538 203706 98054 78819 26833 17055379 13894798 2277802 882779 184448 1196817 1531141 1395449 177778 113374 90198 87112 95817 117451 334626 225593 48137270 26924537 21619936 21212733 14876091 15210240 1136352 1129851 2692283 2648788 42738670 43337408 32831 40292 736020 2041746 167275 231631 37723 45277 973849 2358946 X 24210011 22955845 17554810 18022617 41764821 40978462 42738670 43337408 X -709949 -16030 -60380 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 15428783 1005954 426558 671678 16189617 13828589 1506085 720662 626553 15428783 14181245 710679 938576 2001911 13828589 14389680 254464 1439150 1902049 14181245 20213646 898175 -5478621 1243520 14389680 0.17810 0.63420 0.18770 1 0 500 500 39516306 21462893 18053413 4072835 3481731 591104 4547629 1979913 2567716 21212733 CASH RESTRICTED TO PROPERTY, EQUIPMENT, AND ENDOWMENTS 612010 INTEREST IN PERPETUAL TRUSTS 1680674 INTEREST IN CHARITABLE LEAD TRUST 30137 CASH SURRENDER VALUE OF LIFE INSURANCE 102767 ASSETS HELD FOR EMPLOYEES 223200 2648788 DEPOSIT 20950 TRP 24327 45277 X 11434945 -16030 -60380 -76410 11511355 135065 4699010 4834075 16345430 12221304 0 12221304 135065 4699010 4834075 17055379 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. 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 POSTS INFORMATION ON ITS WEBSITE ABOUT ITS RACIALLY NONDISCRIMINATORY POLICY. 1 MERIT SCHOLARSHIP 47 457948 PUBLISHED TUITION RATES TUITION REDUCTION FINANCIAL AID 143 3804106 PUBLISHED TUITION RATES TUITION REDUCTION PART I, LINE 2: 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. X X 1 1 X X X 0 1 0 0 0 0 0 0 0 PAUL KRIEGER HEADMASTER 358935 0 60000 0 0 0 68000 0 14698 0 501633 0 0 0 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. ELIZABETH KRIEGER SPOUSE OF HEADMASTER, PAUL KRIEGER 34415 EMPLOYMENT COMPENSATION 0 X 17 225117 FMV 0 0 1 0 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. THE PRODIGY FUND LIMITED 378 BAY LAUREL LANE HENDERSONVILLE NC 28791 223849908 INVESTMENTS NC CHRIST SCHOOL INC EXCLUDED 19049 1129851 0 0 0.69300 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0