2017-02-21T15:29:46-06:00 2016-06-30 560570567 D M J & CO PLLC 703 GREEN VALLEY ROAD SUITE 201 GREENSBORO NC 27408 990 2015-07-01 560812560 CAROLINA FRIENDS SCHOOL CARO 9193836602 4809 FRIENDS SCHOOL ROAD DURHAM NC 27705 RENEE PRILLAMAN INTERIM HEAD OF SCHOOL 9193836602 2017-02-08 1 ARTHUR M WINSTEAD JR CPA P00002868 3362759886 2015 2021-01-29 14:40:06Z RENEE PRILLAMAN 4809 FRIENDS SCHOOL ROAD DURHAM NC 27705 11276515 0 X WWW.CFSNC.ORG X 1962 NC CAROLINA FRIENDS SCHOOL IS A VIBRANT AND INCLUSIVE LEARNING COMMUNITY EMPOWERING STUDENTS TO THINK CRITICALLY, CREATIVELY, AND INDEPENDENTLY. WE FOSTER ACTIVE EXPLORATION AND QUIET REFLECTION, INDIVIDUAL ENDEAVOR AND COLLABORATIVE ENGAGEMENT. INSPIRED BY QUAKER VALUES PURSUIT OF TRUTH, RESPECT FOR ALL, PEACEFUL RESOLUTION OF CONFLICT, SIMPLICITY, THE CALL TO SERVICE WE TEACH OUR CHILDREN THAT IT IS POSSIBLE TO CHANGE THE WORLD. 24 22 265 200 0 0 1818031 984425 9719409 10116746 821479 114208 0 2416 12358919 11217795 903616 993537 0 0 7209754 7380470 0 0 340906 3131209 2508111 11244579 10882118 1114340 335677 31542701 31356577 4879445 4958394 26663256 26398183 X CAROLINA FRIENDS SCHOOL IS A VIBRANT AND INCLUSIVE LEARNING COMMUNITY EMPOWERING STUDENTS TO THINK CRITICALLY, CREATIVELY, AND INDEPENDENTLY. WE FOSTER ACTIVE EXPLORATION AND QUIET REFLECTION, INDIVIDUAL ENDEAVOR, AND COLLABORATIVE ENGAGEMENT. INSPIRED BY QUAKER VALUES, PURSUIT OF TRUTH, RESPECT FOR ALL, PEACEFUL RESOLUTION OF CONFLICT, SIMPLICITY, THE CALL TO SERVICE, WE TEACH OUR CHILDREN THAT IT IS POSSIBLE TO CHANGE THE WORLD. 0 0 7869161 993537 9086449 PROVIDE EDUCATION TO STUDENTS FROM PRESCHOOL (3YEARS OLD) THROUGH UPPER SCHOOL (12TH GRADE). AT CAROLINA FRIENDS SCHOOL, LEARNING IS DYNAMIC, EXPERIENTIAL, AND INTERACTIVE. STUDENTS ENCOUNTER OPEN-ENDED QUESTIONS, UNDERTAKE ORIGINAL PROJECTS OF REAL RELEVANCE, EXPLORE THE NATURAL WORLD, AND IMMERSE THEMSELVES IN SERVICE LEARNING. IN DOING SO, THEY BUILD IMPRESSIVE POWERS OF CRITICAL, CREATIVE, AND INDEPENDENT THINKING AND EXPRESSION. IT IS AN EXCEPTIONAL EDUCATION SHAPED BY A CLEAR SET OF BELIEFS, A COMMITMENT TO QUAKER VALUES, A LOVE OF CHILDREN, AND A SENSE OF HOPE FOR THE COMMUNITIES, LOCAL AND GLOBAL, THEY WILL SOON LEAD AND SERVE. AT THE END OF THE SCHOOL YEAR 2015/2016, THERE WERE 510 STUDENTS ENROLLED IN THE SCHOOL. 1046258 1030297 AUXILIARY SERVICES FOR CAROLINA FRIENDS SCHOOL INCLUDE AFTER SCHOOL CARE AND SUMMER PROGRAMS. AFTER SCHOOL CARE IS OFFERED IN THE LOWER AND MIDDLE SCHOOLS UNTIL 5:45 PM EACH SCHOOL DAY. OUR SUMMER PROGRAMS OFFER A VARIETY OF WEEKLY CAMPS TO THE COMMUNITY. THE CAMPS ARE EXTREMELY SUCCESSFUL AND PROVIDE AN OUTREACH TO A WIDE VARIETY OF FAMILIES IN THE AREA. THERE WERE APPROXIMATELY 1200 STUDENTS INVOLVED IN AUXILIARY ACTIVITIES IN SCHOOL YEAR 2015/2016. MANY STUDENTS ARE INVOLVED IN MORE THAN ONE ACTIVITY. 8915419 1 1 0 0 0 0 0 0 0 1 1 0 0 0 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 0 0 0 0 1 39 0 1 265 1 0 0 0 0 0 0 0 0 0 0 X 24 22 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X KATIE COLLINI 9193836602 4809 FRIENDS SCHOOL RD DURHAM NC 27705 BOND TOM DIRECTOR 1.00 X 0 0 0 CAMPION MARGY DIRECTOR 1.00 X 0 0 0 CHAPMAN LARRY DIRECTOR 1.00 X 0 0 0 DILIBERTI JOHN DIRECTOR 1.00 X 0 0 0 DRAKE MATT RECORDING CLERK 1.00 X X 0 0 0 FODCHUK AMOS DIRECTOR 1.00 X 0 0 0 MOONEY HOPIE FULKERSON DIRECTOR 1.00 X 0 0 0 GREEN MARSHA CLERK OF BOARD 1.00 X X 0 0 0 JENKINS BILL DIRECTOR 1.00 X 0 0 0 KUHN MARK TREASURER 1.00 X X 0 0 0 KLOPFER MARTHA DIRECTOR 1.00 X 0 0 0 KLOPFER PETER DIRECTOR 1.00 X 0 0 0 MANN PAT DIRECTOR 1.00 X 0 0 0 MARR DICK DIRECTOR 1.00 X 0 0 0 RICHARDSON JOHN DIRECTOR 1.00 X 0 0 0 RINGWALT CHRIS DIRECTOR 1.00 X 0 0 0 SAFI OMID DIRECTOR 1.00 X 0 0 0 ST CLAIR JOHN DIRECTOR 1.00 X 0 0 0 SMITH CHARI DIRECTOR 1.00 X 0 0 0 TRUAX HAWLEY DIRECTOR 1.00 X 0 0 0 VANGSNES NIKKI DIRECTOR 1.00 X 0 0 0 VELTO BILL DIRECTOR 1.00 X 0 0 0 WEBBER BUFFIE DIRECTOR 1.00 X 0 0 0 WONG FELIX DIRECTOR 1.00 X 0 0 0 HANAS MICHAEL HEAD OF SCHOOL-FORMER 40.00 X 150194 0 30043 COLLINI KATIE DIRECTOR OF FINANCE AND HU 40.00 X 99686 0 28122 PRILLAMAN ANTHOLENE INTERIM HEAD OF SCHOOL 40.00 X 111209 0 16498 GUILLORY SHARON DIRECTOR OF TECHNOLOGY 40.00 X 103126 0 19342 464215 0 94005 3 0 1 0 CT WILSON PO BOX 2011 DURHAM NC 27702 CONSTRUCTION SERVICES 1279615 BLUE CROSS BLUE SHIELD PO BOX 580011 CHARLOTTE NC 28258 HEALTH INSURANCE 727068 WEINSTEIN FRIEDLEIN ARCHITECTS 302 W PETTIGREW ST DURHAM NC 27701 ARCHITECTURAL SERVICES 283289 RANDY W JONES GRADING CO INC PO BOX 1016 HILLSBOROUGH NC 27278 GRADING SERVICES 108562 4 984425 123421 984425 TUITION AND FEES 611110 9086449 9086449 AUXILIARY SERVICES 611110 1030297 1030297 10116746 101053 101053 70875 1000 0 58720 70875 -57720 13155 13155 INSURANCE REIMBURSEMENT 611110 2416 2416 2416 11217795 10116746 0 116624 993537 993537 443724 78728 286268 78728 5062871 4312527 638611 111733 301166 245029 48557 7580 1161758 944330 145270 72158 410951 315401 79858 15692 8730 8730 38491 38491 71486 71486 122745 20639 102106 800 800 152774 126802 19861 6111 103500 100659 2649 192 366480 339140 18227 9113 51374 47303 2714 1357 OPERATING SUPPLIES 860807 759345 80523 20939 PHYSICAL PLANT REPIARS 466129 435846 22827 7456 STAFF DEVELOPMENT AND C 143363 124685 13635 5043 COMMUNICATION 61271 50091 8515 2665 60161 21357 37465 1339 10882118 8915419 1625793 340906 103 101 9194232 7062143 757201 727181 125786 988363 220428 183285 16182411 3789555 10681883 12392856 10491843 9931423 71225 71225 31542701 31356577 1152419 686121 3231410 3824869 495616 447404 4879445 4958394 X 13249775 15049557 7002840 4879594 6410641 6469032 26663256 26398183 31542701 31356577 335677 -600750 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10594716 421 -455645 71463 10068029 11359675 132 -3378 80371 631400 49942 10594716 9244532 2525324 80066 281674 48441 11359675 7989904 5243 1662483 77407 275941 59750 9244532 8495261 25279 -119860 77406 275948 57422 7989904 0.11000 0.53000 0.36000 0 0 2426291 2426291 12465949 3531724 8934225 353315 257831 95484 936856 936856 12392856 LIABILITY UNDER LIFE ESTATE-PRESENT VALUE-CHARITABLE REMAINDER TRUST 447404 447404 X 9623508 -600750 -600750 10224258 993537 993537 11217795 9888581 0 9888581 993537 993537 10882118 PART V, LINE 4: THE MAJORITY OF OUR ENDOWMENT IS FOR STAFF SALARIES AND TUITION AID FOR OUR STUDENTS. WE ALSO HAVE AN ENDOWMENT FOR MAINTENANCE, STAFF DEVELOPMENT, TECHNOLOGY, OUR YEAR END SERVICE PROJECTS, ATHLETICS AND ADVANCING OUR MISSION. PART X, LINE 2: THE SCHOOL IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. BASED ON ALL KNOWN FACTS AND CIRCUMSTANCES AND CURRENT TAX LAW, THE SCHOOL BELIEVES THE TOTAL AMOUNT OF UNCERTAIN INCOME TAX POSITION LIABILITIES AND RELATED ACCRUED INTEREST ARE NOT MATERIAL TO ITS FINANCIAL POSITION. AS OF JUNE 30, 2016 AND INCLUDING THE PREVIOUS THREE YEARS CONSIDERING EXTENSIONS, THE SCHOOLS FORM 990 IS OPEN AND SUBJECT TO EXAMINATION BY TAX AUTHORITIES WITH RELEVANT JURISDICTION. SHOULD SUCH AN EXAMINATION TAKE PLACE, MANAGEMENT DOES NOT ANTICIPATE ANY SIGNIFICANT ISSUES RELATED TO THE OPEN YEARS PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED ON AUDITED FINANCIAL STATEMENTS 993,537. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED ON AUDITED FINANCIAL STATEMENTS 993,537. SCHEDULE D, PART XII LINE 4B SCHEDULE D, PART XII LINE 4B: FINANCIAL AID IS DEDUCTED IN THE AUDITED FINANCIAL STATEMENTS FROM REVENUES AND EXPENSES FOLLOWING THE PRINCIPAL THAT AID IS PREDOMINATELY TUITION DISCOUNT. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 WE USE OUR WEBSITE TO PROVIDE OUR NONDISCRIMINATORY POLICY TO THE GENERAL PUBLIC. 1 FINANCIAL AID ASSISTANCE TOWARDS THE COST OF ATTENDING CAROLINA FRIENDS SCHOOL 128 993537 ACTUAL FINANCIAL AID AWARDED EACH STUDENT'S ACCOUNT IS CREDITED THE AMOUNT OF THE FINANCIAL AID AWARD. THIS AMOUNT OFFSETS THE AMOUNT OF TUITION. CAROLINA FRIENDS SCHOOL USES THE TADS SYSTEM TO PROVIDE A FAIR ANALYSIS OF FINANCIAL DATA SUBMITTED BY PARENTS TO RECEIVE FINANCIAL AID. OUR FINANCIAL AID BUDGET IS 11.88% OF THE BUDGETED TUITION REVENUE AND COMES FROM A COMBINATION OF TUITION DISCOUNTING AND FINANCIAL AID ENDOWMENT EARNINGS. PARENTS APPLY FOR FINANCIAL AID ANSWERING QUESTIONS ABOUT THEIR FINANCES AND LATEST TAX RETURNS. THE TADS SYSTEM ANALYZES THE DATA SUBMITTED AND MAKES RECOMMENDATIONS FOR THE LEVEL OF FUNDING THE SCHOOL SHOULD AWARD. OUR FINANCIAL AID COMMITTEE MEETS AND DISCUSSES EVERY FINANCIAL AID APPLICATION. THE SCHOOL AWARDS UP TO 90% OF TUITION COSTS BASED ON THE TADS INFORMATION. FINANCIAL AID AWARDS DEPEND ON THE BUDGETED AMOUNT FOR FINANCIAL AID AND THE NUMBER OF APPLICANTS APPLYING FOR AID IN A GIVEN YEAR AS WELL AS THE TADS INFORMATION. PART I, LINE 2: EACH STUDENT'S ACCOUNT IS CREDITED THE AMOUNT OF THE FINANCIAL AID AWARD. THIS AMOUNT OFFSETS THE AMOUNT OF TUITION. CAROLINA FRIENDS SCHOOL USES THE TADS SYSTEM TO PROVIDE A FAIR ANALYSIS OF FINANCIAL DATA SUBMITTED BY PARENTS TO RECEIVE FINANCIAL AID. OUR FINANCIAL AID BUDGET IS 11.88% OF THE BUDGETED TUITION REVENUE AND COMES FROM A COMBINATION OF TUITION DISCOUNTING AND FINANCIAL AID ENDOWMENT EARNINGS. PARENTS APPLY FOR FINANCIAL AID ANSWERING QUESTIONS ABOUT THEIR FINANCES AND LATEST TAX RETURNS. THE TADS SYSTEM ANALYZES THE DATA SUBMITTED AND MAKES RECOMMENDATIONS FOR THE LEVEL OF FUNDING THE SCHOOL SHOULD AWARD. OUR FINANCIAL AID COMMITTEE MEETS AND DISCUSSES EVERY FINANCIAL AID APPLICATION. THE SCHOOL AWARDS UP TO 90% OF TUITION COSTS BASED ON THE TADS INFORMATION. FINANCIAL AID AWARDS DEPEND ON THE BUDGETED AMOUNT FOR FINANCIAL AID AND THE NUMBER OF APPLICANTS APPLYING FOR AID IN A GIVEN YEAR AS WELL AS THE TADS INFORMATION. X X X X 0 0 0 0 0 0 0 0 0 HANAS MICHAEL HEAD OF SCHOOL-FORMER 150194 0 0 0 0 0 11370 0 18673 0 180237 0 0 0 PART I, LINE 3 THE PRINCIPAL'S PERFORMANCE IS REVIEWED ANNUALLY BY A BOARD COMMITTEE AND HIS SALARY IS SET BY THE BOARD OF TRUSTEES WITH THE DELIBERATION NOTED IN THE BOARD'S MEETING MINUTES. PERIODICALLY THE BOARD COMMITTEE WILL REVIEW THE PRINCIPAL'S SALARY AGAINST BENCHMARKS (WITH PEER INSTITUTIONS, SOUTHERN ASSOCIATION OF INDEPENDENT SCHOOLS, AND FRIENDS COUNCIL ON EDUCATION PROVIDING BENCHMARK INFORMATION)FOR APPROPRIATENESS. IN YEARS WITHOUT SUBSTANTIAL CHANGE TO THE PRINCIPAL'S SALARY, THE PRINCIPAL'S SALARY IS ADJUSTED THE SAME AS OTHER STAFF. FINAL DECISIONS ARE COMMUNICATED IN WRITING TO THE PRINCIPAL IN THE FORM OF A CONTRACT. BOARD MEMBERS ARE NOT COMPENSATED BY THE SCHOOL. NIKKI VANGSNES BOARD MEMBER IS SPOUSE OF CFS STAFF PERSON 55646 SALARY AND WAGES PAID TO STAFF PERSON SPOUSE JAMIE HYSJULIEN 0 HOPIE MOONEY BOARD MEMBER IS SISTER OF CFS STAFF PERSON 42200 SALARY AND WAGES PAID TO CFS STAFF PERSON WILLIAM FULKERSON 0 X 16 123421 AVERAGE MARKET VALUE 0 1 1 PART I, LINE 32B: THE SCHOOL UTILIZES AN INDEPENDENT BROKER TO SELL NON CASH GIFT CONTRIBUTIONS OF STOCK AND SECURITIES FORM 990, PART VI, SECTION A, LINE 2 THE COMMUNITY WHERE THE ORGANIZATION IS LOCATED IS A SMALL TO MEDIUM SIZED COMMUNITY AND IN THE COURSE OF BUSINESS BOARD MEMBERS AND TRUSTEES MAY HAVE BUSINESS RELATIONSHIPS WITH EACH OTHER. TWO BOARD MEMBERS HAVE A FAMILIAL RELATIONSHIP WITH EACH OTHER. FORM 990, PART VI, SECTION B, LINE 11 AN ELECTRONIC COPY OF THE FORM 990 RETURN IS SENT TO ALL BOARD OF TRUSTEE MEMBERS. THEY ARE ENCOURAGED TO REVIEW THE FORM 990 RETURN AND ARE GIVEN AN OPPORTUNITY TO ASK QUESTIONS PRIOR TO THE FILING OF THE 990. FORM 990, PART VI, SECTION B, LINE 12C BOARD OF TRUSTEE MEMBERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT AT THE FIRST BOARD MEETING OF THE SCHOOL YEAR. ANY POTENTIAL AREAS OF CONFLICT ARE REFLECTED ON THE SIGNED STATEMENT. EACH BOARD MEMBER IS RESPONSIBLE FOR IDENTIFYING ANY AREA HE/SHE THINKS MAY BE A CONFLICT OF INTEREST WHEN A TOPIC IS BROUGHT UP AT A BOARD MEETING OR A COMMITTEE MEETING. IF THE GROUP DETERMINES THERE MAY BE A CONFLICT OF INTEREST, THE MEMBER WILL EXCUSE HIM/HERSELF FROM THE DISCUSSION. FORM 990, PART VI, SECTION B, LINE 15A THE PRINCIPAL'S PERFORMANCE IS REVIEWED ANNUALLY BY A BOARD COMMITTEE AND HIS SALARY IS SET BY THE BOARD OF TRUSTEES WITH THE DELIBERATION NOTED IN THE BOARD'S MEETING MINUTES. PERIODICALLY THE BOARD COMMITTEE WILL REVIEW THE PRINCIPAL'S SALARY AGAINST BENCHMARKS (WITH PEER INSTITUTIONS, SOUTHERN ASSOCIATION OF INDEPENDENT SCHOOLS, AND FRIENDS COUNCIL ON EDUCATION PROVIDING BENCHMARK INFORMATION)FOR APPROPRIATENESS. IN YEARS WITHOUT SUBSTANTIAL CHANGE TO THE PRINCIPAL'S SALARY, THE PRINCIPAL'S SALARY IS ADJUSTED THE SAME AS OTHER STAFF. FINAL DECISIONS ARE COMMUNICATED IN WRITING TO THE PRINCIPAL IN THE FORM OF A CONTRACT. BOARD MEMBERS ARE NOT COMPENSATED BY THE SCHOOL. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS RESIDE IN THE OFFICE OF THE DIRECTOR OF FINANCE AND HUMAN RESOURCES. ANYONE INTERESTED IN THESE DOCUMENTS CAN SEE THEM DURING THE DIRECTOR OF FINANCE AND HUMAN RESOURCES OFFICE HOURS 8:30AM - 4:30PM MONDAY THROUGH FRIDAY. FORM 990 PART XII, LINE 2C THE BOARD OF TRUSTEES DELEGATES THE OVERSIGHT OF THE AUDIT OF THE ORGANIZATION'S FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT TO THE BOARD OF TRUSTEES AUDIT COMMITTEE.