2015-02-05T07:52:26-06:00 2014-06-30 BATCHELOR TILLERY & ROBERTS LLP 3605 GLENWOOD AVENUE SUITE 350 RALEIGH NC 27612 990 2013-07-01 566001583 RAVENSCROFT SCHOOL % AMY BRIGHT RAVE 9198470900 7409 FALLS OF THE NEUSE ROAD Suite RALEIGH NC 27615 DOREEN C KELLY HEAD OF SCHOOL 9198470900 2015-02-02 true Ronald A Batchelor P00077863 9198470900 2013 2016-02-25 16:41:14Z DOREEN C KELLY 7409 FALLS OF THE NEUSE ROAD RALEIGH NC 27615 34736982 false X www.ravenscroft.org X 1951 NC OPERATION OF AN INDEPENDENT NONPROFIT SCHOOL THAT INCLUDES PRESCHOOL THROUGH GRADE TWELVE. 22 22 438 450 0 2108613 2686931 24288772 24804658 1108276 1027237 264323 170044 27769984 28688870 1970880 2100696 0 0 16277960 16765082 0 0 858195 9507456 9858511 27756296 28724289 13688 -35419 39857671 40345027 11051058 10408575 28806613 29936452 OPERATION OF AN INDEPENDENT NONPROFIT SCHOOL THAT INCLUDES PRESCHOOL THROUGH GRADE TWELVE. false false 16434426 2100696 24884717 ALL FACETS OF PRIMARY & SECONDARY EDUCATION INCLUDING AUXILIARY OPERATIONS, SUMMER PROGRAMS, SCHOLARSHIPS AND FINANCIAL ASSISTANCE. 16434426 true true false false false false false false false true true false false false true true false true true false false false false false false false false false true true false false false false true false true false true true false false false true true false false false true 109 0 true 438 true false false false false false true true false false false false X 22 22 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 X X 0 0 0 MRS V WATSON PUGH VICE CHAIR 5.0 1.0 X X 0 0 0 MR JOEL T C WILLIAMS VICE CHAIR 5.0 X X 0 0 0 MR GLENN E ANDERSON JR TREASURER 5.0 X X 0 0 0 RENEE ALLAIN-STOCKTON TRUSTEE 1.0 X 0 0 0 MR STERLING RAY BAKER II TRUSTEE 1.0 X 0 0 0 MR ROBERT G BELLER TRUSTEE 1.0 X 0 0 0 MR SANTO J COSTA TRUSTEE 1.0 X 0 0 0 MR JOSEPH B DEMPSTER JR TRUSTEE 1.0 X 0 0 0 MRS WYNN GREGORY DORSETT TRUSTEE 1.0 X 0 0 0 MR EDWARD J FRITSCH TRUSTEE 1.0 X 0 0 0 MRS IREN U HIANIK TRUSTEE 1.0 X 0 0 0 MRS CHARLENE KNAPE TRUSTEE 1.0 X 0 0 0 MR THOMAS H MANN TRUSTEE 1.0 X 0 0 0 MS EASTER A MAYNARD TRUSTEE 1.0 X 0 0 0 MRS CARYN C MCNEILL TRUSTEE 1.0 X 0 0 0 MRS MARY M MOSS TRUSTEE 1.0 X 0 0 0 MR JOHN E PARHAM JR TRUSTEE 1.0 X 0 0 0 MR LEE H ROBERTS TRUSTEE 1.0 X 0 0 0 MR O TEMPLE SLOAN III TRUSTEE 1.0 X 0 0 0 MR DEWAYNE N WASHINGTON TRUSTEE 1.0 X 0 0 0 MR ROBERT G WRIGHT TRUSTEE 1.0 X 0 0 0 DOREEN C KELLY HEAD OF SCHOOL 40.0 X 282546 0 132472 GEORGE L JOHNSON ASST HEAD - BUSINESS & FINANCE 40.0 X 179141 0 9490 PHILIP C HIGGINSON ASST HEAD - ADVANCEMENT 40.0 X 134194 0 36442 EDWARD J GONET DIRECTOR OF ATHLETICS 40.0 X 120568 0 8400 COLLEEN M RAMSDEN ASST HEAD - ACADEMIC AFFAIRS 40.0 X 108587 0 14939 825036 0 201743 5 false true false ARAMARK SERVICES INC 7409 FALLS OF NEUSE ROAD RALEIGH NC 27615 DINING SERVICES 623913 THE BUDD GROUP PO BOX 890856 CHARLOTTE NC 282890856 CLEANING SERVICE 299506 CENTER FOR CREATIVE LEADERSHIP PO BOX 26300 1 LEADERSHIP PLACE GREENSBORO NC 274386300 CONSULTANT 211373 PEAK PERFORMANCE TOURS INC 1720 KENDARBREN DRIVE STE 722 JAMISON PA 189291070 TOUR SERVICES 117892 APCO GRAPHICS INC PO BOX 930335 ATLANTA GA 311930335 ARCHITECTURAL SRVCS 116988 9 2686931 128994 2686931 TUITION & FEES 611710 23538408 23538408 AUXILIARY OPER. 611710 1235983 1235983 APPLICATION FEES 611710 30267 30267 24804658 378805 378805 0 0 89985 89985 0 89985 89985 6696544 0 5932207 115905 764337 -115905 648432 648432 0 0 0 WITHDRAWAL FEES 611710 22500 22500 GATE RECEIPTS 611710 3203 3203 GRADUATION FEES 611710 16800 16800 37556 37556 80059 28688870 24884717 1117222 0 2100696 2100696 0 0 626586 626586 0 12967805 9483506 3016816 467483 670266 486594 155943 27729 1471591 1098596 293523 79472 1028834 725947 267102 35785 0 48421 48421 45671 45671 0 0 95414 95414 586546 506759 79787 73926 73926 1026141 326796 651302 48043 262827 262827 0 640623 640623 69104 16900 38869 13335 0 0 120019 120019 0 2071801 2071801 240468 65226 175242 ACADEMIC/ATHLETIC SUPPORT 1492450 885459 606991 FACULTY/STAFF DISCOUNTS 887157 887157 MAINTENANCE EXPENSE 616417 616417 PROVISION FOR BAD DEBT 512587 512587 1068939 357549 604829 106561 28724289 16434426 11431668 858195 0 0 3870961 3478459 1106700 1082473 528769 551607 0 0 0 0 0 0 111418 101981 5480 5480 47061314 31269745 17292551 15791569 16893792 19291458 0 0 0 0 0 0 48000 42000 39857671 40345027 2476065 2631612 0 0 2023586 2118973 6018528 5279711 0 0 0 0 0 0 205153 150518 327726 227761 11051058 10408575 X 14768048 15024184 8000854 8217499 6037711 6694769 28806613 29936452 39857671 40345027 X -35419 1185332 -20074 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 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 6680175 137077 874097 33842 191839 0 7465668 0.43930 0.56070 true false 540828 540828 32669447 21683146 10986301 6430043 4929158 1500885 7420996 4657441 2763555 15791569 0 CAPITAL LEASE PAYABLE 227761 227761 X 29970033 1185332 1185332 28784701 -95831 -95831 28688870 28840194 115905 115905 28724289 28724289 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 X, LINE 2 UNCERTAIN TAX POSITIONS UNDER FIN 48 (ASC 740): MANAGEMENT OF THE SCHOOL DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS. TAX YEARS ENDED JUNE 30, 2011 THROUGH JUNE 30, 2014 REMAIN OPEN FOR EXAMINATION BY TAXING AUTHORITIES AS OF THE DATE OF THIS REPORT. PART XI, LINE 4B RECONCILIATION OF REVENUE: $20,074 IN-KIND GIFTS NOT INCLUDED IN FINANCIAL STATEMENT REVENUE PLUS -$115,905 LOSS ON DISPOSAL OF FIXED ASSETS INCLUDED IN FINANCIAL STATEMENT EXPENSES PART XII, LINE 2D RECONCILIATION OF EXPENSES: $115,905 LOSS ON DISPOSAL OF FIXED ASSETS INCLUDED IN FINANCIAL STATEMENT EXPENSES 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 10 MERIT SCHOLARSHIPS, 7 NEED BASED SCHOLARSHIPS 17 37556 FINANCIAL ASSISTANCE 181 2063140 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 238744 0 35700 8102 17080 0 115582 0 415208 0 0 0 GEORGE L JOHNSON ASST HEAD - BUSINESS & FINANCE 167913 0 2000 9228 1686 0 7994 0 188821 0 0 0 PHILIP C HIGGINSON ASST HEAD - ADVANCEMENT 130900 0 2000 1294 5038 0 31594 0 170826 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. CHILD OF TRUSTEE 650 AWARD OUTDOOR STUDY CHRIS KELLY SPOUSE OF HEAD OF SCHOOL 89516 SEE SCHEDULE O false X 1 1000 FAIR MARKET VALUE X 16 108920 STOCK QUOTE X EVENT TICKETS 69 14852 FAIR MARKET VALUE X GIFT CERTIFICATES 26 3480 FAIR MARKET VALUE X EQUIPMENT & SUPPLIES 2 742 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: -$20,074 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