2018-11-15T18:45:46-06:00 2018-06-30 560574444 CHERRY BEKAERT LLP 1111 METROPOLITAN AVE STE 900 CHARLOTTE NC 28204 990 2017-07-01 560623935 CHARLOTTE COUNTRY DAY SCHOOL CHAR 7049434500 1440 CARMEL ROAD CHARLOTTE NC 282265096 DAVID L MANCOS CHIEF FINANCIAL OFFICER 7049434551 2018-11-13 1 AMANDA ADAMS P00748038 7043771678 66.168.122.91 2018-11-13 11:35:10 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 0B670C8C210F0245D71F1F8B052AA4E3CE9649D0 2017 2019-02-21 02:37:17Z MARK E REED 1440 CARMEL ROAD CHARLOTTE NC 282265096 72759602 0 X WWW.CHARLOTTECOUNTRYDAY.ORG X 1941 NC CHARLOTTE COUNTRY DAY SCHOOL PROVIDES COMPREHENSIVE EDUCATIONAL PROGRAMS FOR GRADES PRE-KINDERGARTEN THROUGH GRADE 12 ON A NON-DISCRIMINATORY BASIS. 30 29 614 600 -8667 -10345 19300984 11075817 38221547 39504731 6388827 5575009 213073 387121 64124431 56542678 2124450 2312064 0 0 30537435 30950683 44885 32981 2411688 12582506 12783589 45289276 46079317 18835155 10463361 154639761 175898476 32084045 42764151 122555716 133134325 X THROUGH EXCELLENCE IN EDUCATION, CHARLOTTE COUNTRY DAY SCHOOL DEVELOPS THE POTENTIAL OF EACH STUDENT BY FOSTERING INTELLECTUAL CURIOSITY, PRINCIPLED CHARACTER, ETHICAL LEADERSHIP AND A RESPONSIBILITY TO SERVE. THE KEY VALUES AND COMMITMENTS ARE EDUCATIONAL EXCELLENCE, CHARACTER, COMMUNITY, AND SERVICE. 0 0 33886877 2312064 35919572 INSTRUCTIONAL - FUNDS WERE USED TO PROVIDE COMPREHENSIVE EDUCATIONAL PROGRAMS TO APPROXIMATELY 1,660 STUDENTS IN GRADES PRE-KINDERGARTEN THROUGH GRADE 12. 1727157 1977310 SPECIAL PROGRAM FEES - FUNDS WERE USED TO PROVIDE SPECIAL PROGRAMS, SUCH AS EXTENDED DAY CARE, ATHLETIC CAMPS AND CLINICS AND EDUCATIONAL RESOURCES TO STUDENTS IN GRADES PRE-KINDERGARTEN THROUGH GRADE 12. 1640517 1607849 AUXILIARY SERVICES - FUNDS WERE USED TO PROVIDE FOOD, CAMPUS STORE, AND TRANSPORTATION TO STUDENTS IN GRADES PRE-KINDERGARTEN THROUGH GRADE 12. 37254551 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 105 1 1 614 1 1 1 0 0 0 0 1 1 0 0 0 0 X 30 29 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X DAVID L MANCOS 7049434500 1440 CARMEL ROAD CHARLOTTE NC 282265096 TODD A GORELICK CHAIRMAN OF THE BOARD 3.00 X X 0 0 0 DAVID M BENSON VICE CHAIRMAN OF THE BOARD 3.00 X X 0 0 0 KATHLEEN KNOX KRUPA VICE CHAIRMAN OF THE BOARD 3.00 X X 0 0 0 JAMES H MCLAWHORN VICE CHAIRMAN OF THE BOARD 3.00 X X 0 0 0 AMY FONVILLE OWEN VICE CHAIRMAN OF THE BOARD 3.00 X X 0 0 0 WALKER L POOLE VICE CHAIRMAN OF THE BOARD 3.00 X X 0 0 0 ARTHUR C ROSELLE VICE CHAIRMAN OF THE BOARD 3.00 X X 0 0 0 A WELLFORD TABOR SR VICE CHAIRMAN OF THE BOARD 3.00 X X 0 0 0 SCOTT R STEVENS SECRETARY-TREASURER 3.00 X X 0 0 0 DR ADELLE ANTHONY-WILLIAMS TRUSTEE 3.00 X 0 0 0 HOWARD C BISSELL LIFE TRUSTEE 3.00 X 0 0 0 DR LAUREN I BROWNE TRUSTEE 3.00 X 0 0 0 CHRISTINA N BYRON TRUSTEE 3.00 X 0 0 0 EDISON P CASSELS TRUSTEE 3.00 X 0 0 0 GEORGE S DEWEY IV TRUSTEE 3.00 X 0 0 0 KENNETH V GARCIA TRUSTEE 3.00 X 0 0 0 AMANDA S HOUSER TRUSTEE 3.00 X 0 0 0 R MICHAEL JAMES TRUSTEE 3.00 X 0 0 0 DR AMEESHA P KANSUPADA TRUSTEE 3.00 X 0 0 0 LEIGH F MORAN TRUSTEE 3.00 X 0 0 0 MARY CLAUDIA BELK PILON TRUSTEE 3.00 X 0 0 0 STEVEN L PURDY TRUSTEE 3.00 X 0 0 0 SALLY CANNON SAUSSY LIFE TRUSTEE 3.00 X 0 0 0 LAURA A SCHULTE TRUSTEE 3.00 X 0 0 0 STONEY D SELLARS TRUSTEE 3.00 X 0 0 0 R GLENN SHERRILL JR TRUSTEE 3.00 X 0 0 0 STEPHENSON P SHUFORD TRUSTEE 3.00 X 0 0 0 CATHERINE S STEMPIEN TRUSTEE 3.00 X 0 0 0 ANDREW W TATE TRUSTEE 3.00 X 0 0 0 WILLIAM H ZIMMERN TRUSTEE 3.00 X 0 0 0 MARK E REED HEAD OF SCHOOL 70.00 X 547737 0 103854 DAVID L MANCOS CHIEF FINANCIAL OFFICER 70.00 X 306193 0 27027 LAUREN BATTEN DIRECTOR OF ADVANCEMENT 50.00 X 194433 0 63652 WARREN SEPKOWITZ HEAD OF MIDDLE SCHOOL 50.00 X 155116 0 19431 ABRAM WEHMILLER DIRECTOR OF ATHLETICS 50.00 X 150933 0 13917 MATTHEW LESS HEAD OF UPPER SCHOOL 50.00 X 148932 0 61317 KEVIN DALY MS, PE, & SUMMER CAMP INSTRUCTOR 50.00 X 148228 0 16259 GREGORY WALTERS FACILITIES AND OPERATIONS MANAGER 50.00 X 145361 0 16585 1796933 0 322042 15 0 1 0 BALFOUR BEATTY CONSTRUCTION 1930 CAMDEN ROAD STE 280 CHARLOTTE NC 28203 CONSTRUCTION 6585125 CENTERBROOK 67 MAIN STREET CENTERBROOK CT 064090955 DESIGN SERVICES 1550080 ALADDIN FOOD MANAGEMENT SERVICES LLC 2400 ANSYS DR SUITE 404 CANONBURG PA 15317 FOOD SERVICES 1166326 THE BUDD GROUP 1000 AMBLE DRIVE CHARLOTTE NC 28206 JANITORIAL SERVICES 691805 GLOBAL ENDOWMENT MANAGEMENT 550 S TRYON STREET SUITE 3500 CHARLOTTE NC 28202 INVESTMENT MANAGEMENT 427876 10 210575 10865242 707018 11075817 TUITION 611710 35744363 35744363 PROGRAM FEES 611710 1977310 1977310 FOOD SERVICES 611710 1209836 1209836 TRANSPORTATION 480000 398013 398013 APPLICATION FEES 611710 47794 47794 127415 127415 39504731 5637481 5637481 30434 0 30434 30434 30434 15441092 2150 15505714 0 -64622 2150 -62472 40004 -102476 717888 210575 394185 323703 323703 158450 55334 103116 103116 240230 261691 -21461 -21461 ORDINARY INCOME FROM K-1S 900099 -48671 -48671 -48671 56542678 39504731 -8667 5970797 2312064 2312064 1242897 984812 258085 21564652 18265279 2359299 940074 989306 875513 59971 53822 5532341 4592996 803708 135637 1621487 1338435 203486 79566 23010 21366 1644 65620 65620 32981 32981 489917 489917 1938375 1638284 192362 107729 137293 10774 8427 118092 605453 171578 343023 90852 756362 498226 129068 129068 974360 876924 48718 48718 243915 176498 51555 15862 252448 25132 70001 157315 396058 376255 19803 2631159 2368043 131558 131558 312001 37508 272244 2249 BOOKS & EDUCATIONAL PRO 1839383 1839383 GROUNDS EXPENSE & MAINT 791161 712045 39558 39558 FOOD SERVICE & HOSPITAL 627507 627412 95 ATHLETIC EXPENSE 489343 489343 210224 22859 118487 68878 46079317 37254551 6413078 2411688 15066550 15112430 1508311 6331728 20775149 18599880 388090 823148 165956 165119 486537 646122 95962325 37586190 40673673 58376135 17836379 12930331 57399790 62424533 339326 489050 154639761 175898476 4906317 6912218 10484940 9703897 16202826 25795812 489962 352224 32084045 42764151 X 58641613 59669048 38993454 46976841 24920649 26488436 122555716 133134325 154639761 175898476 X 10463361 -166965 282213 X 0 1 X 1 0 X 57560060 2306184 4780789 448571 1736571 62461891 48400592 4768344 5801124 313926 1096074 57560060 50193650 451552 -1007441 272862 964307 48400592 46364182 940915 3670553 161120 620880 50193650 39955486 451802 6575525 163167 455464 46364182 0.30740 0.41640 0.27620 0 0 2767619 2767619 50529800 23331994 27197806 10409120 8028927 2380193 32255786 6225269 26030517 58376135 PRIVATE INVESTMENT FUNDS 62424533 F 62424533 LIABILITY UNDER SWAP AGREEMENT 21752 CAPITAL LEASE OBLIGATIONS 330472 352224 X 54574705 -166965 -2029851 -2196816 56771521 489917 -718760 -228843 56542678 43996096 718760 718760 43277336 489917 2312064 2801981 46079317 PART V, LINE 4: ENDOWMENT FUNDS ARE USED FOR SCHOLARSHIPS AND FINANCIAL AID, FACULTY AND STAFF SUPPORT, CURRICULUM AND PROGRAM SUPPORT AND GENERAL OPERATING EXPENSES, SUCH AS CAMPUS AND FACILITY MAINTENANCE. PART X, LINE 2: MANAGEMENT HAS EVALUATED THE EFFECT OF GUIDANCE SURROUNDING UNCERTAIN TAX POSITIONS AND CONCLUDED THAT COUNTRY DAY HAS NO SIGNIFICANT FINANCIAL STATEMENT EXPOSURE TO UNCERTAIN TAX POSITIONS AT JUNE 30, 2018. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID AND SCHOLARSHIPS SHOWN NET OF TUITION ON FINANCIALS -2,312,064. UNREALIZED GAIN ON SWAP AGREEMENT 282,213. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -261,691. SPECIAL EVENT EXPENSES -431,735. GAMING EXPENSES -25,334. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 261,691. SPECIAL EVENT EXPENSES 431,735. GAMING EXPENSES 25,334. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AND SCHOLARSHIPS SHOWN NET OF TUITION ON FINANCIALS 2,312,064. 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 RACIALLY NON-DISCRIMINATORY POLICY TOWARDS STUDENTS IS PUBLISHED THROUGH A PRINTED STATEMENT OF THE SCHOOL'S ADMINISTRATION POLICY IN A LOCAL NEWSPAPER AND MAGAZINES. CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES INTERNATIONAL STUDIES COSTA RICA SISTER SCHOOL EXCHANGE AND MARTINIQUE FRENCH LANGUAGE IMMERSION EXPERIENCE 60000 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES INTERNATIONAL STUDIES ENGLAND CREATIVES ARTS SISTER SCHOOL EXCHANGE, PATHS TO PEACE ACADEMIC EXPERIENCE (FRANCE AND NETHERLANDS), ROADS TO ROME LATIN AND ITALY ARTS ACADEMIC EXPERIENCES, HUNGARY SERVICE EXPERIENCE, AND ICELAND ENVIRONMENTAL SCIENCE EXPERIENCE 242000 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES INTERNATIONAL STUDIES CHINA CULTURAL EXPERIENCE 44000 NORTH AMERICA 0 0 PROGRAM SERVICES INTERNATIONAL STUDIES QUEBEC SISTER SCHOOL EXCHANGE 11000 SOUTH AMERICA 0 0 PROGRAM SERVICES INTERNATIONAL STUDIES PERU SISTER SCHOOL EXCHANGE 17000 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES INTERNATIONAL STUDIES SOUTH AFRICA SERVICE EXPERIENCE 45000 0 0 0 0 0 0 419000 0 419000 1 0 0 1 0 0 X X X X X X 1 GRENZEBACH GLIER AND ASSOCIATES 401 N MICHIGAN AVE 28 CHICAGO IL 60611 CAMPAIGN CONSULTING 0 0 22660 -22660 THE SHARPE GROUP 855 RIDGE LAKE BLVD STE 300 MEMPHIS TN 38120 PLANNED GIVING CONSULTING 0 0 7000 -7000 29660 -29660 NC BIG SATURDAY 211944 48200 163744 5886 13024 16190 81920 AUCTION 506696 162375 344321 87180 33964 7 209823 209823 156021 928463 210575 717888 5886 100204 16190 271905 394185 323703 158450 20000 30000 5334 1 1.00000 158450 20000 30000 5334 55334 103116 NC 0 NO LICENSE IS REQUIRED. 0 1 0 0.50000 0.50000 DAVID MANCOS 1440 CARMEL ROAD CHARLOTTE NC 28226 0 0 1 FINANCIAL AID 147 1863493 TUITION RATES NEED-BASED ASSISTANCE ENDOWMENT SCHOLARSHIPS 46 448571 PART I, LINE 2: THE AMOUNT OF THE FINANCIAL AID OR SCHOLARSHIP IS ONLY APPLIED TO A STUDENTS' BILLING ACCOUNT. THE FINANCIAL AID COMMITTEE REVIEWS ALL REQUESTS FOR FINANCIAL AID. ADDITIONALLY, EACH DONOR (OF A NAMED SCHOLARSHIP ENDOWMENT) RECEIVES A LETTER FROM DEVELOPMENT SAYING WHO RECEIVED THE SCHOLARSHIP. THE SUPPORT AWARDED IS BASED ON FINANCIAL NEED. X X X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 MARK E REED HEAD OF SCHOOL 440557 0 0 0 107180 0 76914 0 26940 0 651591 0 75000 0 DAVID L MANCOS CHIEF FINANCIAL OFFICER 306193 0 0 0 0 0 19087 0 7940 0 333220 0 0 0 LAUREN BATTEN DIRECTOR OF ADVANCEMENT 194433 0 0 0 0 0 9722 0 53930 0 258085 0 0 0 WARREN SEPKOWITZ HEAD OF MIDDLE SCHOOL 155116 0 0 0 0 0 11551 0 7880 0 174547 0 0 0 ABRAM WEHMILLER DIRECTOR OF ATHLETICS 150933 0 0 0 0 0 6037 0 7880 0 164850 0 0 0 MATTHEW LESS HEAD OF UPPER SCHOOL 148932 0 0 0 0 0 7447 0 53870 0 210249 0 0 0 KEVIN DALY MS, PE, & SUMMER CAMP INSTRUCTOR 148228 0 0 0 0 0 8403 0 7856 0 164487 0 0 0 GREGORY WALTERS FACILITIES AND OPERATIONS MANAGER 145361 0 0 0 0 0 8705 0 7880 0 161946 0 0 0 PART I, LINE 1A THE BOARD APPROVED THAT THE HEAD OF SCHOOL MAY TRAVEL FIRST-CLASS FOR ANY FLIGHTS LONGER THAN THREE HOURS. THE BOARD ALSO APPROVED THAT THE HEAD OF SCHOOL IS ALLOWED A BUDGETED AMOUNT OF DISCRETIONARY EXPENDITURES. IT IS USED TO SUPPORT ANY UNANTICIPATED NEEDS OF THE SCHOOL. AS A CONDITION OF EMPLOYMENT, THE HEAD OF SCHOOL IS REQUIRED TO LIVE IN THE SCHOOL'S HOUSE LOCATED ON THE CAMPUS. THIS RESIDENCE IS PROVIDED FOR THE CONVENIENCE OF THE SCHOOL IN HAVING THE FUNCTIONS OF THE OFFICE OF THE HEAD OF SCHOOL EFFICIENTLY DISCHARGED. THE SCHOOL PROVIDES HOUSEKEEPING SERVICES TO THE HEAD OF SCHOOL FOR THE CONVENIENCE OF THE EMPLOYER SO THAT THE HEAD OF SCHOOL CAN PERFORM ESSENTIAL SCHOOL BUSINESS AND ACTIVITIES AT THE HOME. THIS HOUSING ALLOWANCE IS TREATED AS A NON-TAXABLE BENEFIT. A PUBLIC FINANCE AUTHORITY 273866124 000000000 2015-09-01 26974489 REFUND PRIOR ISSUE AND SCHOOL FACILITY IMPROVEMENTS 0 0 0 A 858580 26974489 339489 10000000 16635000 2018 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 1 1 TORONTO - DOMINION BANK 15.000000000000 0 0 0 0 1 A 1 EDISON FOARD INC EDISON CASSELS, BOARD MEMBER, HAS AN OWNERSHIP INTEREST IN EDISON FOARD INC 16004821 EDISON FOARD INC IS PROVIDING CONSTRUCTION SERVICES FOR A CAPITAL PROJECT AT THE SCHOOL UNDER A JOINT VENTURE WITH ANOTHER CONTRACTOR THAT IS UNRELATED. THE TRANSACTION WAS ENTERED INTO AT ARMS LENGTH AND MR. CASSELS FOLLOWED THE SCHOOL'S CONFLICT OF INTEREST POLICY AND DID NOT PARTICIPATE IN THE DISCUSSIONS AND VOTE ON THIS MATTER. IN ADDITION, A COMPETITIVE BID PROCESS WAS USED TO SELECT THE CONTRACTOR. 0 X 53 707018 FMV 0 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 SCOTT STEVENS AND ARTHUR ROSELLE, BOTH TRUSTEES ON THE BOARD, HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE REVIEWS THE IRS FORM 990 WITH THE CHIEF FINANCIAL OFFICER BEFORE THE FORM IS FILED. THE IRS FORM 990 IS THEN PROVIDED TO BOARD MEMBERS PRIOR TO FILING. MEMBERS ARE ENCOURAGED TO REVIEW THE FORM AND DIRECT ANY QUESTIONS TO THE CHAIR OF THE AUDIT COMMITTEE. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD MAINTAINS A CONFLICT OF INTEREST POLICY WHICH IS REVIEWED AND SIGNED ON AN ANNUAL BASIS. ALL TRUSTEES AND OTHER INTERESTED PERSONS ARE REQUIRED TO READ, COMPLETE AND SIGN THE CONFLICT OF INTEREST POLICY FORM ANNUALLY. IF AN ISSUE IS TO BE DECIDED BY THE BOARD THAT INVOLVES A POTENTIAL CONFLICT OF INTEREST FOR A BOARD MEMBER OR OTHER INTERESTED PERSONS, IT IS THE RESPONSIBILITY OF THE BOARD MEMBER OR OTHER INTERESTED PERSONS TO: (1) IDENTIFY THE POTENTIAL CONFLICT OF INTEREST SO THAT BOARD MEMBERS WHO ARE VOTING ON A DECISION ARE AWARE THAT ANOTHER MEMBERS' INTEREST ARE BEING AFFECTED; (2) NOT PARTICIPATE IN THE DISCUSSION OF THE PROGRAM, ISSUE OR MOTION BEING CONSIDERED; AND (3) BE RECUSED DURING THE VOTE ON THE MOTION. FORM 990, PART VI, SECTION B, LINE 15 THE SCHOOL HAS A HEAD'S COMPENSATION COMMITTEE. THE COMMITTEE ANNUALLY REVIEWS BENCHMARK COMPENSATION DATA FROM SEVERAL SOURCES SUCH AS NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS (NAIS) AND INDEPENDENT SCHOOL DATA EXCHANGE (INDEX). THE COMMITTEE ANALYZES DATA FROM THESE AND OTHER ORGANIZATIONS IN ORDER TO MAKE A RECOMMENDATION TO THE BOARD OF TRUSTEES REGARDING THE HEAD'S COMPENSATION. THE BOARD HAS APPROVAL AUTHORITY FOR THE HEAD'S COMPENSATION AND THE DECISION IS DOCUMENTED ANNUALLY. THE HEAD OF SCHOOL DETERMINES AND ESTABLISHES SALARIES FOR ALL OTHER TOP MANAGEMENT AND KEY EMPLOYEES. HE USES DATA FROM THESE SAME ORGANIZATIONS (NAIS & INDEX) TO ASSIST IN ESTABLISHING TOP MANAGEMENT AND KEY EMPLOYEE SALARIES. ALL SALARY INCREASES MUST BE WITHIN THE BUDGET AS APPROVED BY THE BOARD OF TRUSTEES, AND THE BOARD MONITORS THE BUDGET TO ENSURE COMPLIANCE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: UNREALIZED GAIN ON SWAP AGREEMENT 282,213.