2015-02-10T08:14:46-06:00 2014-06-30 560747981 DIXON HUGHES GOODMAN LLP 500 RIDGEFIELD COURT ASHEVILLE NC 28806 990 2013-07-01 560615187 CHRIST SCHOOL INC CHRI 8286846232 500 CHRIST SCHOOL ROAD ARDEN NC 28704 PAUL KRIEGER HEADMASTER 8286846232 2015-02-10 1 JEREMY NAESS P01306905 8282542254 2013 2016-02-25 16:41:14Z PAUL KRIEGER 500 CHRIST SCHOOL ROAD ARDEN NC 28704 21560362 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. 22 22 102 22 0 0 739781 5166882 9536033 10145609 1597829 1448817 147749 283975 12021392 17045283 2336136 2547311 0 0 5884510 5845968 0 0 579283 6714323 4161193 14934969 12554472 -2913577 4490811 31252761 36896004 1493135 1269106 29759626 35626898 X 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. 0 0 9519015 2547311 10429584 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 ENCOURAGES 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. 9519015 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 1 1 0 0 0 1 2 0 1 102 1 0 0 0 0 0 0 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 1 1 X DWIGHT L PHILLIPS 8286846232 500 CHRIST SCHOOL ROAD ARDEN NC 28704 NAT HYDE BOARD PRESIDENT 5.00 X X 0 0 0 JOHN BEARD 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 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 ALAN DAVIS 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 SUZANNE LOCKETT BOARD MEMBER 1.00 X 0 0 0 LEE ANNE MANGONE BOARD MEMBER 1.00 X 0 0 0 ALEC MCDOUGALL 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 BERTRAM SCOTT 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 PAUL KRIEGER HEADMASTER 40.00 X 304985 0 26483 CARY LUHN CONTROLLER 40.00 X 72528 0 10326 DENIS STOKES DIRECTOR OF EXTERNAL AFFAIRS 40.00 X 148885 0 19717 526398 0 56526 2 0 1 0 ARAMARK PO BOX 198532 ATLANTA GA 30384 FOOD SERVICE 770082 WELLS FARGO 2373 HENDERSONVILLE RD ARDEN NC 28704 CREDIT CARD 316562 HANOVER INSURANCE PO BOX 580045 CHARLOTTE NC 28258 INSURANCE 145934 LJ'S CUSTOM PAINTING SERVICE 1060 HIGHLANDS RD FRANKLIN NC 28734 PAINTING 123974 4 5166882 338678 5166882 TUITION 900099 9665360 9665360 SUMMER PROGRAMS 611600 265794 265794 STUDENT FEES 900099 157455 157455 TUITION REFUND PLAN 900099 57000 57000 10145609 379886 379886 5394485 4325554 1068931 1068931 1068931 274050 189525 84525 84525 MISCELLANEOUS 900099 199450 199450 199450 17045283 10429584 0 1448817 2547311 2547311 908044 181609 454022 272413 3661846 2556378 1105468 328519 196828 112108 19583 643536 385566 219609 38361 304023 182151 103749 18123 143126 27626 115500 124983 124983 106095 106095 52512 52512 428622 256382 89620 82620 93648 93648 803573 803573 79165 48392 13364 17409 1516 1516 887918 887918 130246 130246 DINING HALL 380884 347374 33510 STUDENT ACTIVITIES 379260 379260 BAD DEBT 179659 179659 SUMMER PROGRAMS 118851 118851 251135 88632 31729 130774 12554472 9519015 2456174 579283 1543893 1429836 706291 2725336 185883 81246 122628 122628 82116 74041 31159367 20527581 11295849 10631786 12784601 16376016 617363 639664 3914137 4815451 31252761 36896004 155247 54442 1283183 1158495 54705 56169 1493135 1269106 X 18187766 20592160 4110567 6141380 7461293 8893358 29759626 35626898 31252761 36896004 4490811 1376461 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15814498 1786570 2522680 34600 82815 20006333 13142140 1497535 1574134 399311 15814498 13236117 35072 170951 300000 13142140 11227513 394300 2135932 477309 44319 13236117 10585572 123833 540422 492346 22500 -492532 11227513 0.43000 0.39000 0.18000 0 0 500 500 21662870 15043432 6619438 5556834 2337144 3219690 3929072 3147005 782067 10091 10091 10631786 CASH RESTRICTED TO PROPERTY, EQUIPMENT, AND ENDOWMENTS 1369169 INTEREST IN PERPETUAL TRUSTS 1848301 INTEREST IN CHARITABLE LEAD TRUST 1087510 CASH SURRENDER VALUE OF LIFE INSURANCE 164550 MORTGAGE RECEIVABLES 345921 4815451 DEPOSITS 56169 56169 X 15849785 1376461 189525 1565986 14283799 2761484 2761484 17045283 9982513 189525 189525 9792988 2761484 2761484 12554472 PART V, LINE 4: THE SCHOOL HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS, APPROVED THE BOARD OF TRUSTEES, THAT ATTEMPT TO MAINTAIN THE PURCHASING POWER OF ENDOWMENT ASSETS AND PROVIDE ADDITIONAL REAL GROWTH THROUGH TOTAL INVESTMENT RETURN WHILE ENSURING FUNDS ARE AVAILABLE TO ACHIEVE EDUCATIONAL GOALS AND TO MEET BUDGETARY NEEDS. PART X, LINE 2: THE SCHOOL IS INCORPORATED AS A NON-PROFIT CORPORATION UNDER THE LAWS OF THE STATE OF NORTH CAROLINA. IT HAS QUALIFIED FOR EXEMPTION FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE FINANCIAL STATEMENTS. IN ADDITION, THE SCHOOL QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(1). THE SCHOOL'S POLICY IS TO EVALUATE ALL TAX POSITIONS AND TO CONSULT WITH EXPERTS TO IDENTIFY THOSE THAT MAY BE CONSIDERED UNCERTAIN. ALL IDENTIFIED MATERIAL TAX POSITIONS WILL BE ASSESSED AND MEASURED BY A REASONABLY POSSIBLE THRESHOLD TO DETERMINE IF THE BENEFIT OF AN UNCERTAIN TAX POSITION SHOULD BE RECOGNIZED IN THE FINANCIAL STATEMENTS. ANY CHANGES IN THE AMOUNT OF TAX POSITION WILL BE RECOGNIZED IN THE PERIOD THE CHANGE OCCURS. THE SCHOOL'S FEDERAL RETURNS OF ORGANZIATION EXEMPT FROM INCOME TAX (FORM 990) FOR 2013, 2012, AND 2011 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 189,525. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID EXPENSE NETTED WITH REVENUES 2,632,441. INVESTMENT EXPENSE NETTED WITH REVENUES 129,043. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 189,525. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID EXPENSE NETTED WITH REVENUES 2,632,441. INVESTMENT EXPENSE NETTED WITH REVENUES 129,043. 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. 1 FINANCIAL AID 81 2013216 MERIT SCHOLARSHIP 55 581995 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 DEFINED IN THE STUDENT HANDBOOK) AND MAINTAIN GOOD CITIZENSHIP AS A MEMBER OF THE SCHOOL COMMUNITY. X X X 1 1 X X X 0 0 0 0 0 0 0 0 0 PAUL KRIEGER HEADMASTER 264985 0 40000 0 0 0 22000 0 4483 0 331468 0 0 0 DENIS STOKES DIRECTOR OF EXTERNAL AFFAIRS 143885 0 5000 0 0 0 15234 0 4483 0 168602 0 0 0 PART I, LINE 1A AS PART OF THE HEADMASTER'S CONTRACT, HE IS REQUIRED TO LIVE ON CAMPUS. THIS IS REQUIRED BECAUSE THE SCHOOL IS A BOARDING SCHOOL WITH STUDENTS LIVING ON CAMPUS. THE SCHOOL PAYS FOR CLEANING SERVICES AT THE HEADMASTER'S RESIDENCE. BECAUSE THESE AMOUNTS ARE FOR SCHOOL BUSINESS THEY ARE EXCLUDED FROM THE HEADMASTER'S COMPENSATION. THE SCHOOL ALSO PAYS FOR A COUNTRY CLUB MEMBERSHIP FOR THE HEADMASTER FOR SCHOOL BUSINESS PURPOSES. BETH KRIEGER SPOUSE OF OFFICER 29801 COMPENSATION PAID FOR SERVICES AS AN EMPLOYEE 0 FELICE STOKES SPOUSE OF FIVE HIGHEST COMPENSATED EMPLOYEE 50604 COMPENSATION PAID FOR SERVICES AS AN EMPLOYEE 0 X 5 338678 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE ORGANIZATION'S EXECUTIVE COMMITTEE REVIEWED THE FORM 990 PRIOR TO ITS SUBMISSION. THE RETURN WAS ALSO MADE AVAILABLE TO ALL VOTING BOARD MEMBERS FOR PERSONAL REVIEW PRIOR TO ITS FILING. 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. 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. 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 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND THE FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. THE PRODIGY FUND LIMITED PARTNERSHIP 378 BAY LAUREL LANE HENDERSONVILLE NC 28791 223849908 INVESTMENTS NC CHRIST SCHOOL INC INVESTMENTS 30598 639664 0 0 0.69300 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0