2016-01-28T13:32:54-06:00 2015-06-30 BATCHELOR TILLERY & ROBERTS LLP 3605 GLENWOOD AVENUE SUITE 350 RALEIGH NC 27612 990 2014-07-01 566001583 RAVENSCROFT SCHOOL % AMY BRIGHT RAVE 9198470900 7409 FALLS OF THE NEUSE ROAD RALEIGH NC 27615 DOREEN C KELLY HEAD OF SCHOOL 9198470900 2016-01-25 true Ronald A Batchelor P00077863 9197878212 2014 2016-04-25 22:37:26Z DOREEN C KELLY 7409 FALLS OF THE NEUSE ROAD RALEIGH NC 27615 38669805 false X www.ravenscroft.org X 1951 NC OPERATION OF AN INDEPENDENT NONPROFIT SCHOOL THAT INCLUDES PRESCHOOL THROUGH GRADE TWELVE. 20 20 416 450 0 2686931 3507718 24804658 25325653 1027237 1692496 170044 181384 28688870 30707251 2100696 2222434 0 0 16765082 17050187 0 0 976596 9858511 9454237 28724289 28726858 -35419 1980393 40345027 39295278 10408575 8654153 29936452 30641125 OPERATION OF AN INDEPENDENT NONPROFIT SCHOOL THAT INCLUDES PRESCHOOL THROUGH GRADE TWELVE. false false 15950083 2222434 25399705 ALL FACETS OF PRIMARY & SECONDARY EDUCATION INCLUDING AUXILIARY OPERATIONS, SUMMER PROGRAMS, SCHOLARSHIPS AND FINANCIAL ASSISTANCE. 15950083 true true false false false false false false false true true false false false true false false true true false false false false false false false false false true true false false false false false false true false true false false false false true true false false false true 110 0 true 416 true false false false false false true true false false false false X 20 20 false false false false false false false true true false false true true true true true true true false false X X AMY BRIGHT 9198470900 7409 FALLS OF THE NEUSE ROAD RALEIGH NC 27615 MR CHARLES M WINSTON JR CHAIR 5.0 0.0 X X 0 0 0 MRS V WATSON PUGH VICE CHAIR 5.0 1.0 X X 0 0 0 MR THOMAS H MANN TREASURER 5.0 0.0 X X 0 0 0 MRS CARYN C MCNEILL SECRETARY 5.0 0.0 X X 0 0 0 MR STERLING RAY BAKER II TRUSTEE 1.0 0.0 X 0 0 0 MR ROBERT G BELLER TRUSTEE 1.0 0.0 X 0 0 0 MR SANTO J COSTA TRUSTEE 1.0 0.0 X 0 0 0 MRS WYNN GREGORY DORSETT TRUSTEE 1.0 0.0 X 0 0 0 MRS IREN U HIANIK TRUSTEE 1.0 0.0 X 0 0 0 DR KEVIN L KEIM TRUSTEE 1.0 0.0 X 0 0 0 MR KEVIN T ANDERSON TRUSTEE 1.0 0.0 X 0 0 0 MS EASTER A MAYNARD TRUSTEE 1.0 0.0 X 0 0 0 MRS RENEE ALLAIN-STOCKTON TRUSTEE 1.0 0.0 X 0 0 0 MRS MARY M MOSS TRUSTEE 1.0 0.0 X 0 0 0 MR JOHN E PARHAM JR TRUSTEE 1.0 0.0 X 0 0 0 MR O TEMPLE SLOAN III TRUSTEE 1.0 0.0 X 0 0 0 MR DEWAYNE N WASHINGTON TRUSTEE 1.0 0.0 X 0 0 0 MR ROBERT G WRIGHT TRUSTEE 1.0 0.0 X 0 0 0 MRS DONNA P PREISS TRUSTEE 1.0 0.0 X 0 0 0 MR JAMES P ZIPERSKI TRUSTEE 1.0 0.0 X 0 0 0 DOREEN C KELLY HEAD OF SCHOOL 40.0 0.0 X 297044 0 136770 GEORGE L JOHNSON ASST HEAD - BUSINESS & FINANCE 40.0 0.0 X 194648 0 10792 PHILIP C HIGGINSON ASST HEAD - ADVANCEMENT 40.0 0.0 X 135386 0 43706 EDWARD J GONET DIRECTOR OF ATHLETICS 40.0 0.0 X 123313 0 8588 ROBERT P BOGUE HEAD OF UPPER SCHOOL 40.0 0.0 X 120666 0 34526 COLLEEN M RAMSDEN ASST HEAD - ACADEMIC AFFAIRS 40.0 0.0 X 113950 0 37278 985007 0 271660 6 false true false ARAMARK SERVICES INC PO BOX 906023 CHARLOTTE NC 282906023 FOOD SERVICES 617758 CENTER FOR CREATIVE LEADERSHIP PO BOX 26300 1 LEADERSHIP PLACE GREENSBORO NC 274386300 CONSULTANT 361747 CENPLEX BUILDING SERVICES INC 2400 RELIANCE AVENUE APEX NC 275397010 CLEANING SERVICE 173525 THE BUDD GROUP PO BOX 890856 CHARLOTTE NC 282890856 CLEANING SERVICE 126984 GRASS MASTERS LANDSCAPE SERVICES L PO BOX 1195 YOUNGSVILLE NC 27596 GROUNDS MAINTENANCE 124043 7 3507718 60778 3507718 TUITION & FEES 611710 23964750 23964750 AUXILIARY OPER. 611710 1324726 1324726 APPLICATION FEES 611710 36177 36177 25325653 414267 414267 0 0 107332 107332 0 107332 107332 9240783 7962554 1278229 1278229 1278229 0 0 0 WITHDRAWAL FEES 611710 37950 37950 GRADUATION FEES 611710 17850 17850 SCHOOL PICTURES 611710 10071 10071 8181 8181 74052 30707251 25399705 1799828 0 2222434 2222434 0 0 643938 643938 0 13265091 8940726 3806085 518280 678163 453972 195648 28543 1433675 966779 371066 95830 1029320 668884 321662 38774 0 81958 81958 37026 37026 0 0 108793 108793 276610 168218 108392 83682 83682 743824 126723 597551 19550 252333 252333 0 702375 702375 71676 27165 29738 14773 0 222 222 82677 82677 0 1894672 1894672 254948 78624 176324 ACADEMIC/ATHLETIC SUPPORT 1484293 1097593 386700 FACULTY/STAFF DISCOUNTS 961538 961538 MAINTENANCE EXPENSE 997705 997705 PROVISION FOR BAD DEBT 53316 53316 1366589 405645 808490 152454 28726858 15950083 11800179 976596 0 0 3478459 2380272 1082473 2290840 551607 636970 0 0 0 0 0 0 101981 69048 5480 5480 47903136 33160005 15791569 14743131 19291458 19133537 0 0 0 0 0 0 42000 36000 40345027 39295278 2631612 2456304 0 0 2118973 1348586 5279711 4522119 0 0 0 0 0 0 150518 93911 227761 233233 10408575 8654153 X 15024184 14274128 8217499 7792121 6694769 8574876 29936452 30641125 40345027 39295278 X 1980393 -1256044 -19676 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11940102 1880107 269087 48316 391371 0 13649609 10152595 657058 1429591 46160 252982 0 11940102 9168057 443546 805007 32303 231712 0 10152595 8786839 626120 14847 43334 216415 0 9168057 7465668 60866 1480201 33842 186054 0 8786839 0.62820 0.37180 true false 540828 540828 33099014 22893737 10205277 6745837 5335534 1410303 7517457 4930734 2586723 14743131 0 CAPITAL LEASE PAYABLE 233233 233233 27209097 -1256044 -2222434 -3478478 30687575 19676 19676 30707251 26504424 26504424 2222434 2222434 28726858 PART V, LINE 4 THE INTENDED USES OF THE ORGANIZATION'S ENDOWMENT FUNDS: ENDOWMENT FUNDS HELD BY THE SCHOOL ARE PRIMARILY USED FOR SCHOLARSHIPS, AND FACULTY AND STAFF PROFESSIONAL DEVELOPMENT AND AWARDS. PART XI, LINE 2D RECONCILIATION OF REVENUE: -$2,222,434 FINANCIAL ASSISTANCE NETTED WITH TUITION REVENUE FOR FINANCIAL STATEMENTS. PART XI, LINE 4B RECONCILIATION OF REVENUE: $19,676 IN-KIND GIFTS NOT INCLUDED IN FINANCIAL STATEMENT REVENUE. PART XII, LINE 4B RECONCILIATION OF EXPENSES: $2,222,434 FINANCIAL ASSISTANCE NETTED WITH TUITION REVENUE FOR FINANCIAL STATEMENTS. true true true true true true true false false false false false false false false false false true LINE 3 NONDISCRIMINATORY POLICY: RAVENSCROFT SCHOOL STANDS BEHIND THE PRINCIPLE THAT THERE SHALL BE NO DISCRIMINATION AGAINST ANY PERSON IN ADMISSION, EMPLOYMENT, OR OTHERWISE BECAUSE OF RACE, COLOR, RELIGION, NATIONAL ORIGIN, DISABILITY, SEX OR AGE IN VIOLATION OF EXISTING STATE OR FEDERAL LAW AND REGULATIONS. true 13 MERIT SCHOLARSHIPS, 5 NEED BASED SCHOLARSHIPS 18 42127 FINANCIAL ASSISTANCE 184 2180307 PART I, LINE 2 THE PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS IN THE UNITED STATES: RAVENSCROFT USES AN OUTSIDE SERVICE TO COLLECT AND PROCESS FINANCIAL AID APPLICANTS' FINANCIAL INFORMATION. THIS SERVICE IS PROVIDED BY TADS. APPLICANTS SUBMIT THEIR FAMILY FINANCIAL INFORMATION TO TADS FOR PROCESSING. A SUMMARY REPORT OF THE FAMILY FINANCIAL INFORMATION IS GENERATED AND SENT TO RAVENSCROFT SCHOOL. ONCE THIS REPORT IS RECEIVED THE FINANCIAL AID COMMITTEE REVIEWS THE REPORT AND MAKES AWARDS CONSIDERING THE INFORMATION PROVIDED IN THAT REPORT. APPLICANTS ARE REQUIRED TO PROVIDE SUPPORTING DOCUMENTATION OF THE INFORMATION PROVIDED ON THE TADS APPLICATION. X X true true X X X X false false false false false false false false false DOREEN C KELLY HEAD OF SCHOOL 252018 0 37500 0 7526 0 18025 0 118911 0 433980 0 0 0 GEORGE L JOHNSON ASST HEAD - BUSINESS & FINANCE 185420 0 0 0 9228 0 1869 0 9079 0 205596 0 0 0 PHILIP C HIGGINSON ASST HEAD - ADVANCEMENT 134702 0 0 0 684 0 10251 0 33621 0 179258 0 0 0 ROBERT P BOGUE HEAD OF UPPER SCHOOL 120608 0 0 0 58 0 9191 0 25501 0 155358 0 0 0 COLLEEN M RAMSDEN ASST HEAD - ACADEMIC AFFAIRS 113869 0 0 0 81 0 8050 0 29384 0 151384 0 0 0 PART II, COLUMN (D) NONTAXABLE BENEFITS: REFLECTS THE VALUE OF HOUSING THE HEAD OF SCHOOL RECEIVES FOR RESIDING AT THE HOUSE LOCATED ON THE SCHOOL CAMPUS. THE HEAD OF SCHOOL IS REQUIRED TO RESIDE ON CAMPUS IN ORDER TO BE AVAILABLE FOR EMERGENCIES AT ALL TIMES. CHRIS KELLY SPOUSE OF HEAD OF SCHOOL 91308 SEE SCHEDULE O false X 13 41102 STOCK QUOTE X EVENT TICKETS 42 12701 FAIR MARKET VALUE X FOOD FOR LUNCHEON 1 913 FAIR MARKET VALUE X EQUIPMENT & SUPPLIES 2 5262 FAIR MARKET VALUE X IPADS 1 800 FAIR MARKET VALUE false true false FORM 990, PART VI, SECTION B, QUESTION 11B FORM 990 REVIEW PROCESS: THE FORM 990 DRAFT IS PROVIDED TO THE ASSOCIATE HEAD OF SCHOOL FOR BUSINESS AND FINANCE AND THE DIRECTOR OF FINANCE FOR THEIR REVIEW. ONCE THEIR REVIEW IS COMPLETED A REVISED DRAFT IS PROVIDED TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES FOR THEIR REVIEW. THE FORM 990 DRAFT WILL THEN BE PRESENTED TO THE FULL BOARD OF TRUSTEES FOR THEIR REVIEW. ONCE ALL QUESTIONS, COMMENTS AND CHANGES HAVE BEEN COMPLETED, THE HEAD OF SCHOOL WILL SIGN FORM 8453-EO, EXEMPT ORGANIZATION DECLARATION FOR ELECTRONIC FILING. THE SIGNED FORM WILL BE ATTACHED TO THE RETURN WHICH WILL THEN BE E-FILED. FORM 990, PART VI, SECTION B, QUESTION 12C MONITORING CONFLICTS OF INTEREST: BOARD TRUSTEES AND KEY EMPLOYEES ARE ASKED ANUALLY TO DISCLOSE ANY BUSINESS RELATIONSHIPS THAT COULD RESULT IN A CONFLICT OF INTEREST WITH THEIR FIDUCIARY OBLIGATION TO THE SCHOOL. AN ANNUAL SURVEY IS SENT TO EACH TRUSTEE AND KEY EMPLOYEE TO MONITOR COMPLIANCE WITH THE SCHOOL'S CONFLICT OF INTEREST POLICY TO DETERMINE IF AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST EXISTS. WHEN THE SCHOOL BECOMES AWARE THAT A CONFLICT EXISTS, WHETHER POTENTIAL OR ACTUAL, ACTION IS TAKEN IMMEDIATELY TO CORRECT THE SITUATION. FORM 990, PART VI, SECTION B, QUESTION 15 THE PROCESS FOR DETERMINING COMPENSATION: . PERIODIC USE OF OUTSIDE CONSULTANT TO PROVIDE COMPENSATION DATA FOR HEADS OF SCHOOL TO EXECUTIVE COMMITTEE OF THE BOARD. . REVIEW OF DATA BY EXECUTIVE COMMITTEE OF THE BOARD. . INDIVIDUAL EVALUATION OF HEAD OF SCHOOL BY BOARD MEMBERS USING A FORMAL EVALUATION INSTRUMENT; HEAD OF SCHOOL SELF EVALUATION. . SUMMARIZATION OF INDIVIDUAL EVALUATIONS BY EXECUTIVE COMMITTEE OF THE BOARD. . DISCUSSION OF EVALUATION IN BOTH VERBAL AND WRITTEN FORM WITH THE HEAD OF SCHOOL AND THE EXECUTIVE COMMITTEE OF THE BOARD. FORM 990, PART VI, SECTION C, QUESTION 19 MAKING DOCUMENTS AVAILABLE TO THE PUBLIC: THE TAX RETURN IS MADE AVAILABLE UPON REQUEST FROM THE RAVENSCROFT BUSINESS OFFICE. SCHEDULE E, QUESTION 5D ADDITIONAL FINANCIAL ASSISTANCE PROVIDED TO STUDENTS: RAVENSCROFT USES AN OUTSIDE SERVICE TO COLLECT AND PROCESS FINANCIAL AID APPLICANTS' FINANCIAL INFORMATION. THIS SERVICE IS PROVIDED BY TADS ON A NONDISCRIMINATORY BASIS. APPLICANTS SUBMIT THEIR FAMILY FINANCIAL INFORMATION TO TADS FOR PROCESSING. A SUMMARY REPORT OF THE FAMILY FINANCIAL INFORMATION IS GENERATED AND SENT TO RAVENSCROFT SCHOOL. ONCE THIS REPORT IS RECEIVED THE FINANCIAL AID COMMITTEE REVIEWS THE REPORT AND MAKES AWARDS CONSIDERING THE INFORMATION PROVIDED IN THAT REPORT. APPLICANTS ARE REQUIRED TO PROVIDE SUPPORTING DOCUMENTATION OF THE INFORMATION PROVIDED ON THE TADS APPLICATION. IN ADDITION TO THE FINANCIAL ASSISTANCE AWARDED THROUGH THE ABOVE PROCESS, THE SCHOOL MAINTAINS FIVE FINANCIAL AID ENDOWMENTS AS WELL AS FOUR SCHOLARSHIP ENDOWMENTS TO BENEFIT STUDENTS THAT MEET THE SELECTION CRITERIA FOR EACH ENDOWMENT. ASSISTANCE IS AWARDED BASED ON SPECIFIC CRITERIA SUCH AS THE STUDENT BEING ENROLLED IN AN ACADEMIC SKILLS PROGRAM, DISADVANTAGED WITH FINANCIAL NEED, A MEMBER OF A MINORITY CLASS, EXCEL IN FINE ARTS AND OTHER SELECTED CRITERIA. THE ADDITIONAL ENDOWMENTS ARE INTENDED TO SUPPORT, PROMOTE AND ENHANCE THE OVERALL COMPOSITION OF THE SCHOOL'S ACADEMIC, MINORITY AND SOCIALLY DIVERSE COMMUNITY. SCHEDULE L, PART IV BUSINESS TRANSACTIONS WITH INTERESTED PERSONS: (1) Chris Kelly is the spouse of Doreen Kelly (Head of School) and a Ravenscroft Upper School instructor. FORM 990, PART XI, LINE 9 RECONCILIATION OF NET ASSETS: -$19,676 IN-KIND GIFTS NOT INCLUDED IN FINANCIAL STATEMENT REVENUE. RAVENSCROFT SCHOOL FOUNDATION INC 7409 FALLS OF THE NEUSE ROAD RALEIGH NC 27615 237035426 INVESTMENT NC 501(C)(3) 509(A)(3) NA true false false false false false false false false false false false false false false false false false false