2017-05-11T15:48:56-05:00 2016-06-30 560574444 CHERRY BEKAERT LLP 1111 METROPOLITAN AVE STE 1000 CHARLOTTE NC 28204 990 2015-07-01 560615187 CHRIST SCHOOL INC CHRI 8286846232 500 CHRIST SCHOOL ROAD ARDEN NC 28704 PAUL KRIEGER HEADMASTER 8286846232 2017-05-11 1 JANICE A RATICA P00358837 7043771678 2015 2021-01-29 14:40:06Z PAUL KRIEGER 500 CHRIST SCHOOL ROAD ARDEN NC 28704 15913215 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 20 113 20 0 0 3825712 3107123 10206795 11371930 904765 985269 -20952 127157 14916320 15591479 2771254 2780888 0 0 5959310 5739525 0 0 969922 4063777 5384620 12794341 13905033 2121979 1686446 38270884 40391583 1105922 2408787 37164962 37982796 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 10853049 2780888 11371930 AS A COLLEGE PREPARATORY SCHOOL FOR OVER 200 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 34 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. 10853049 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 0 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 0 0 0 1 41 0 1 113 1 0 0 0 0 0 1 1 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 1 0 X DWIGHT L PHILLIPS 8286846232 500 CHRIST SCHOOL ROAD ARDEN NC 28704 SHANNON ALLISON BOARD MEMBER 1.00 X 0 0 0 GEORGE BERGER BOARD MEMBER 1.00 X 0 0 0 RONALD BRUMLEY BOARD MEMBER 1.00 X 0 0 0 PETER DODGE BOARD MEMBER 1.00 X 0 0 0 WALTER HANNAH BOARD MEMBER 1.00 X 0 0 0 KARYN HERTERICH BOARD MEMBER 1.00 X 0 0 0 JOHN HINE BOARD MEMBER 1.00 X 0 0 0 SUZANNE LOCKETT BOARD MEMBER 1.00 X 0 0 0 LEE ANNE MANGONE BOARD MEMBER 1.00 X 0 0 0 LOUIS MOORE BOARD MEMBER 1.00 X 0 0 0 BRIAN PECHELES BOARD MEMBER 1.00 X 0 0 0 CAMERON SMAIL BOARD MEMBER 1.00 X 0 0 0 DANIEL WALL BOARD MEMBER 1.00 X 0 0 0 THOMAS WESTFELDT BOARD MEMBER 1.00 X 0 0 0 MARK WHITNEY BOARD MEMBER 1.00 X 0 0 0 JOSEPH YANIK BOARD MEMBER 1.00 X 0 0 0 NAT HYDE PRESIDENT 5.00 X X 0 0 0 BERT SCOTT VICE PRESIDENT 2.00 X X 0 0 0 DOUGLAS WILKINS TREASURER 2.00 X X 0 0 0 STEVEN YOUNG SECRETARY 2.00 X X 0 0 0 PAUL KRIEGER HEADMASTER 40.00 X 303574 0 31034 PAUL KRIEGER DEFERRED COMPENSATION 40.00 X 151263 0 0 DWIGHT PHILLIPS CFO 40.00 X 80350 0 18006 DENIS STOKES DIRECTOR OF EXTERNAL AFFAIRS 40.00 X 163227 0 20182 DENIS STOKES DEFERRED COMPENSATION 40.00 X 50000 0 0 748414 0 69222 2 0 1 0 BEVERLY GRANT INC 64 PEACHTREE ROAD ASHEVILLE NC 28803 CONSTRUCTION 2853660 ARAMARK PO BOX 198532 ATLANTA GA 30384 FOOD SERVICE 881526 JSL BUILDING PO BOX 1792 FAIRVIEW NC 28730 CONSTRUCTION 399353 T&K UTILITIES 204 CHARLOTTE HIGHWAY STE G ASHEVILLE NC 28803 UTILITY WORK 234266 ELECTRONIC OFFICE 1257 SWEETEN CREEK ROAD ASHEVILLE NC 28803 IT SERVICES 175221 7 3107123 218598 3107123 TUITION AND FEES 611110 10779296 10779296 SUMMER PROGRAMS 611110 292002 292002 BOOKSTORE 611110 275132 275132 TUITION REFUND PLAN 611110 25500 25500 11371930 512319 512319 794686 312236 9500 482450 -9500 472950 472950 OTHER INCOME 611710 127157 127157 127157 15591479 11371930 0 1112426 2780888 2780888 817636 485871 98356 233409 3891173 2513349 965352 412472 289502 171201 97380 20921 417039 209854 190687 16498 324175 203923 90596 29656 185542 185542 707828 134521 389513 183794 228076 228076 1121295 1121295 902343 902343 STUDENT ACTIVITIES 1250637 1250637 DINING HALL 796530 731894 64636 SUMMER PROGRAMS 119197 119197 SPECIAL EVENTS 73172 73172 13905033 10853049 2082062 969922 313439 866310 1173224 914829 3583744 2798815 107459 75459 0 108005 86751 98105 121419 116577 37836554 22094422 11932682 15742132 16544558 15057986 662328 953405 3745280 3659960 38270884 40391583 136615 720618 936414 1295602 32893 392567 1105922 2408787 X 21258207 14134341 6429971 14470221 9476784 9378234 37164962 37982796 38270884 40391583 X 1686446 -787400 -314688 233476 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 20213646 898175 -5478621 83400 15549800 20006333 920440 165303 800000 78430 20213646 15814498 1786570 2522680 34600 82815 20006333 13142140 1497535 1574134 399311 15814498 13236117 35072 170951 300000 13142140 0.26450 0.56570 0.16980 0 0 500 500 25805565 17704726 8100839 3629162 2849534 779628 8401327 1540162 6861165 15742132 CASH RESTRICTED TO PROPERTY, EQUIPMENT, AND ENDOWMENTS 1167527 INTEREST IN PERPETUAL TRUSTS 1636495 INTEREST IN CHARITABLE LEAD TRUST 769443 CASH SURRENDER VALUE OF LIFE INSURANCE 86495 3659960 DEFERRED COMPENSATION 377500 OTHER LIABILITIES 15067 392567 12071125 -787400 233476 -553924 12625049 185542 2780888 2966430 15591479 10938603 0 10938603 185542 2780888 2966430 13905033 PART V, LINE 4: 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 XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF LIMITED PARTNERSHIP 291,077. LOSS ON INTEREST IN PERPETUAL TRUST -57,601. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID EXPENSES NETTED WITH REVENUE 2,780,888. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID EXPENSES NETTED WITH REVENUE 2,780,888. 1 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 SCHEDULE E, PART I, LINE 3 THE ORGANIZATION'S PRINTED MATERIALS DIRECT READERS TO A WEBSITE THAT CONTAINS THE RACIAL NONDISCRIMINATION POLICY. SCHEDULE E, PART I, LINE 4 . 1 FINANCIAL AID 109 2175013 0 MERIT SCHOLARSHIP 67 605875 0 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 DEFINDED 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 263574 0 40000 0 0 0 24000 0 7034 0 334608 0 0 0 PAUL KRIEGER DEFERRED COMPENSATION 0 0 0 0 151263 0 0 0 0 0 151263 0 151263 0 DENIS STOKES DIRECTOR OF EXTERNAL AFFAIRS 159227 0 4000 0 0 0 13148 0 7034 0 183409 0 0 0 DENIS STOKES DEFERRED COMPENSATION 0 0 0 0 50000 0 0 0 0 0 50000 0 50000 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. PART I, LINE 4B THE SCHOOL HAS A DEFERRED COMPENSATION PLAN FOR THE HEADMASTER. THERE WERE NO DEFERRALS TO THIS PLAN DURING THE FISCAL YEAR ENDING JUNE 30, 2016. THERE WERE AMOUNTS RELATED TO PRIOR YEAR DEFERRALS THAT BECAME TAXABLE DURING THE YEAR AND THESE ITEMS ARE REPORTED IN SCHEDULE J, PAGE 2, COLUMNS B(III) AND COLUMN F. BETH KRIEGER SPOUSE OF OFFICER 47714 BETH KRIEGER, THE SPOUSE OF HEADMASTER PAUL KRIEGER, IS AN EMPLOYEE OF THE SCHOOL. PAYMENTS MADE TO MRS. KRIEGER ARE AT ARMS LENGTH. HER COMPENSATION IS SET BY THE EXECUTIVE COMMITTEE AND IS BASED ON MARKET COMPARABLES. 0 X 23 218598 FMV 0 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 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 291,077. LOSS ON INTEREST IN PERPETUAL TRUST -57,601. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR. THE PRODIGY FUND LIMITED 378 BAY LAUREL LANE HENDERSONVILLE NC 28791 223849908 INVESTMENTS NC CHRIST SCHOOL INC INVESTMENTS 29182 953405 0 0 0.69300 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0