2014-02-12T05:23:44-06:00 2013-06-30 560747981 DIXON HUGHES GOODMAN LLP 500 RIDGEFIELD COURT ASHEVILLE NC 28806 990 2012-07-01 560615187 CHRIST SCHOOL INC CHRI 8286846232 500 CHRIST SCHOOL ROAD ARDEN NC 28704 CARY LUHN 8286846232 2014-01-30 1 AMY BIBBY P00445891 8282542254 2012 2015-11-30 17:44:51Z CARY LUHN 500 CHRIST SCHOOL ROAD ARDEN NC 28704 17573301 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 20 104 100 0 0 4406493 739781 9130521 9536033 1067064 1597829 324438 147749 14928516 12021392 2203305 2336136 0 0 5780259 5884510 0 0 356607 3824758 6714323 11808322 14934969 3120194 -2913577 32955245 31252761 1484845 1493135 31470400 29759626 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 12010443 2336136 9683782 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. 12010443 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 34 0 1 104 1 0 0 0 0 0 0 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 1 1 X CARY LUHN 8286846232 500 CHRIST SCHOOL ROAD ARDEN NC 28704 NAT HYDE 5.00 X X 0 0 0 JOHN BEARD 2.00 X X 0 0 0 DOUGLAS WILKINS 2.00 X X 0 0 0 STEVEN YOUNG 2.00 X X 0 0 0 DERICK CLOSE 1.00 X 0 0 0 WILLIAM HAUSER 1.00 X 0 0 0 WALTER MONTGOMERY 1.00 X 0 0 0 JOHN NOLAND 1.00 X 0 0 0 WILLIAM UNDERWOOD 1.00 X 0 0 0 CRAIG WARDLAW 1.00 X 0 0 0 GEORGE BERGER 1.00 X 0 0 0 WALTER HANNAH JR 1.00 X 0 0 0 PATTI HARRISON 1.00 X 0 0 0 SUZANNE LOCKETT 1.00 X 0 0 0 LEE ANNE MANGONE 1.00 X 0 0 0 ALEC MCDOUGAL 1.00 X 0 0 0 LOUIS MOORE 1.00 X 0 0 0 RICHARD MOORE 1.00 X 0 0 0 BRIAN PECHELES 1.00 X 0 0 0 BERTRAM SCOTT 1.00 X 0 0 0 CAMERON SMAIL 1.00 X 0 0 0 ROBERT STOLZ 1.00 X 0 0 0 RICHARD TOOMEY 1.00 X 0 0 0 THOMAS D WESTFELDT 1.00 X 0 0 0 MARK WHITNEY 1.00 X 0 0 0 JOSEPH YANIK 1.00 X 0 0 0 CARY LUHN 40.00 X 70055 0 9818 PAUL KRIEGER 40.00 X 291122 0 23278 DENIS STOKES 40.00 X 134049 0 11596 495226 0 44692 2 0 1 0 ARAMARK PO BOX 198532 ATLANTA GA 30384 DINING SERVICES 738790 BB&T BANKCARD CORPORATION PO BOX 580340 CHARLOTTE NC 28258 BANK FEES 164556 JSL BUILDING PO BOX 1792 FAIRVIEW NC 28730 CONSTRUCTION 109986 3 739781 49719 739781 TUITION 900099 9165321 9165321 SUMMER PROGRAMS 611600 321312 321312 TUITION REFUND PLAN 900099 43500 43500 STUDENT FEES 900099 5900 5900 9536033 324829 324829 6651601 5378601 1273000 1273000 1273000 293722 173308 120414 120414 MISCELLANEOUS 900099 23790 23790 GATE FEES 900099 3545 3545 27335 12021392 9683782 0 1597829 2336136 2336136 569918 113984 284959 170975 4013360 2596952 1416408 323136 191130 119952 12054 674165 398758 250258 25149 303931 179770 112823 11338 157320 25122 132198 95680 95680 108620 108620 58192 58192 360599 270320 22693 67586 82956 82956 673790 673790 58482 36463 5667 16352 1210 1210 45 45 951034 951034 121215 121215 BAD DEBT 3079377 3079377 STUDENT ACTIVITIES 349868 349868 DINING HALL 322213 292294 29919 SUMMER PROGRAMS 117783 117783 175939 83616 39170 53153 14934969 12010443 2567919 356607 1517119 1543893 3738989 706291 105230 185883 118385 122628 40800 82116 30934631 19638782 11799902 11295849 10013307 12784601 588659 617363 5032854 3914137 32955245 31252761 53846 155247 1406912 1283183 24087 54705 1484845 1493135 X 18178882 18187766 6046915 4110567 7244603 7461293 31470400 29759626 32955245 31252761 X -2913577 723193 479610 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13142140 1497535 1574134 399311 15814498 13236117 35072 170951 300000 13142140 11227513 394300 2135932 477309 44319 13236117 10585572 123833 540422 492346 22500 -492532 11227513 0.36000 0.55000 0.09000 0 0 500 500 21659970 14454384 7205586 5402398 2170067 3232331 3871763 3014331 857432 11295849 CASH RESTRICTED TO PROPERTY, EQUIPMENT, AND ENDOWMENTS 466383 INTEREST IN PERPETUAL TRUSTS 1698783 INTEREST IN CHARITABLE LEAD TRUST 1235682 CASH SURRENDER VALUE OF LIFE INSURANCE 155082 MORTGAGE RECEIVABLES 358207 3914137 DEPOSITS 54705 54705 X 10952556 723193 647334 1370527 9582029 2439363 2439363 12021392 12663330 167724 167724 12495606 2439363 2439363 14934969 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: 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. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: 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 2012, 2011, AND 2010 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 167,724. OTHER CHANGES IN NET ASSETS IN CONTRIBUTIONS 479,610. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID EXPENSE NETTED WITH REVENUES 2,336,136. INVESTMENT EXPENSE NETTED WITH REVENUES 103,227. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 167,724. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID EXPENSE NETTED WITH REVENUES 2,336,136. INVESTMENT EXPENSE NETTED WITH REVENUES 103,227. 1 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 EXPLANATION OF RACIAL NONDISCRIMINATION COMPLIANCE SCHEDULE E, PART I, LINE 7 THE ORGANIZATION'S PRINTED MATERIALS DIRECT READERS TO A WEBSITE THAT CONTAINS THE RACIAL NONDISCRIMINATION POLICY. 1 FINANCIAL AID 106 1993986 MERIT SCHOLARSHIP 48 342150 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, 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 X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 PAUL KRIEGER 202500 0 88622 0 0 0 18500 0 4778 0 314400 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. X 14 42197 FMV X EVENT HOSTING 3 3600 FMV X SPORTS EQUIPMENT 3 3922 FMV X SPORTING EVENT TICKETS 1 150 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'S BYLAWS CONTAIN AN ARTICLE ADDRESSING POTENTIAL CONFLICT OF INTEREST THAT MAY ARISE. BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICTS AS THEY ARISE AS WELL AS ON AN ANNUAL BASIS. THE ORGANIZATION IS IN THE PROCESS OF CREATING AND ADOPTING A SEPARATE CONFLICT OF INTEREST POLICY. 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: OTHER CHANGES IN NET ASSETS IN CONTRIBUTIONS 479,610. THE PRODIGY FUND LIMITED PARTNERSHIP 378 BAY LAUREL LANE HENDERSONVILLE NC 28791 223849908 INVESTMENTS NC CHRIST SCHOOL INC INVESTMENTS 24872 617363 0 0 0.69300 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0