2014-01-31T16:39:43-06:00 2013-06-30 BATCHELOR TILLERY & ROBERTS LLP 3605 GLENWOOD AVENUE SUITE 350 RALEIGH NC 27612 990 2012-07-01 566001583 RAVENSCROFT SCHOOL % AMY BRIGHT RAVE 9198470900 7409 FALLS OF THE NEUSE ROAD Suite RALEIGH NC 27615 DOREEN C KELLY 9198470900 2014-01-31 true Ronald A Batchelor 9197878212 2012 2015-11-30 17:44:51Z DOREEN C KELLY 7409 FALLS OF THE NEUSE ROAD RALEIGH NC 27615 29561169 false X www.ravenscroft.org X 1951 NC OPERATION OF AN INDEPENDENT NONPROFIT SCHOOL THAT INCLUDES PRESCHOOL THROUGH GRADE TWELVE. 23 23 454 450 0 1894779 2108613 23616247 24288772 1169639 1108276 192225 264323 26872890 27769984 1704057 1970880 0 0 15793776 16277960 0 0 722616 8515256 9507456 26013089 27756296 859801 13688 40286663 39857671 11796518 11051058 28490145 28806613 OPERATION OF AN INDEPENDENT NONPROFIT SCHOOL THAT INCLUDES PRESCHOOL THROUGH GRADE TWELVE. false false 16072075 1970880 24426910 ALL FACETS OF PRIMARY & SECONDARY EDUCATION INCLUDING AUXILIARY OPERATIONS, SUMMER PROGRAMS, SCHOLARSHIPS AND FINANCIAL ASSISTANCE. 16072075 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 false false true false true true false false false true true false false false true 100 0 true 454 true false false false false false true true false false false false X 23 23 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 5.0 X X 0 0 0 MRS V WATSON PUGH 5.0 1.0 X X 0 0 0 MR GLENN E ANDERSON JR 5.0 X X 0 0 0 MRS CARYN C MCNEILL 5.0 X X 0 0 0 RENEE ALLAIN-STOCKTON 1.0 X 0 0 0 MR C HOWARD NYE 1.0 X 0 0 0 MR EDWARD J FRITSCH 1.0 X 0 0 0 MRS CHARLENE KNAPE 1.0 X 0 0 0 MRS FRANCES A BUCKLEY 1.0 X 0 0 0 MR SANTO J COSTA 1.0 X 0 0 0 MRS WYNN GREGORY DORSETT 1.0 X 0 0 0 MR JOSEPH B DEMPSTER JR 1.0 X 0 0 0 DR ISAAC B HORTON III 1.0 X 0 0 0 MR THOMAS H MANN 1.0 X 0 0 0 MR RICHARD O BRAJER 1.0 X 0 0 0 MRS MARY M MOSS 1.0 X 0 0 0 MR JOHN B REPLOGLE 1.0 X 0 0 0 MR LEE H ROBERTS 1.0 X 0 0 0 MS EASTER A MAYNARD 1.0 X 0 0 0 MR O TEMPLE SLOAN III 1.0 X 0 0 0 MR JOEL T C WILLIAMS 1.0 X 0 0 0 MR ROBERT G WRIGHT 1.0 X 0 0 0 MRS CAROL B YOCHEM 1.0 X 0 0 0 DOREEN C KELLY 40.0 X 267627 0 121169 GEORGE L JOHNSON 40.0 X 168913 0 8755 PHILIP C HIGGINSON 40.0 X 128724 0 31051 EDWARD J GONET 40.0 X 118519 0 13051 COLLEEN M RAMSDEN 40.0 X 104877 0 28645 788660 0 202671 5 false true false ARAMARK SERVICES INC PO BOX 198532 ATLANTA GA 303840001 DINING SERVICES 620261 THE BUDD GROUP PO BOX 890856 CHARLOTTE NC 282890856 CLEANING SERVICE 278839 NEWCOMB COMPANY PO BOX 58010 RALEIGH NC 276588010 HVAC SERVICE 158245 M CREATIVE INC 541-A N TRADE ST WINSTONSALEM NC 271012914 ADVERTISING 140853 CENTER FOR CREATIVE LEADERSHIP ONE LEADERSHIP PLACE GREEENSBORO NC 274386300 CONSULTANT 111023 7 2108613 140944 2108613 TUITION & FEES 611710 23027273 23027273 AUXILIARY OPER. 611710 1231834 1231834 APPLICATION FEES 611710 29665 29665 24288772 461600 461600 0 0 126185 126185 0 126185 126185 2437861 1791185 646676 646676 646676 0 0 0 WITHDRAWAL FEES 611710 103312 103312 GATE RECEIPTS 611710 6650 6650 GRADUATION FEES 611710 14645 14645 13531 13531 138138 27769984 24426910 0 1234461 0 1970880 1970880 0 0 570638 570638 0 12612121 9241440 2948875 421806 650863 473956 157143 19764 1419715 1039855 308153 71707 1024623 725849 265644 33130 0 32704 32704 41716 41716 0 0 86541 86541 552192 535035 17157 68908 68908 946606 319503 577374 49729 252310 252310 0 651484 651484 70403 14270 29352 26781 0 180 180 150850 150850 0 2116614 2116614 245567 67272 178295 ACADEMIC/ATHLETIC SUPPORT 1173216 888030 285186 FACULTY/STAFF DISCOUNTS 922869 922869 MAINTENANCE EXPENSE 663419 663419 STAFF DEVELOPMENT 204991 10000 182750 12241 1326886 398151 858434 70301 27756296 16072075 10961605 722616 0 0 3392135 3870961 1365037 1106700 554472 528769 0 0 0 0 0 0 130770 111418 5480 5480 47040429 29747878 18240536 17292551 16544233 16893792 0 0 0 0 0 0 54000 48000 40286663 39857671 2449511 2476065 0 0 2150913 2023586 6740192 6018528 0 0 0 0 0 0 247754 205153 208148 327726 11796518 11051058 X 14189393 14768048 8706587 8000854 5594165 6037711 28490145 28806613 40286663 39857671 X 13688 326492 -23712 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 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 7760886 65335 -904326 34431 207289 0 6680175 0.40530 0.59470 true false 540828 540828 32938836 20400420 12538416 6230231 5054508 1175723 7330534 4292950 3037584 17292551 0 CAPITAL LEASE PAYABLE 327726 327726 X 28072764 326492 326492 27746272 23712 23712 27769984 27756296 27756296 27756296 THE INTENDED USES OF THE ORGANIZATION'S ENDOWMENT FUNDS PART V, LINE 4 ENDOWMENT FUNDS HELD BY THE SCHOOL ARE PRIMARILY USED FOR SCHOLARSHIPS, AND FACULTY AND STAFF PROFESSIONAL DEVELOPMENT AND AWARDS. RECONCILIATION OF REVENUE PART XI, LINE 4B $23,712 IN-KIND GIFTS NOT INCLUDED IN FINANCIAL STATEMENT REVENUE. UNCERTAIN TAX POSITIONS UNDER FIN 48 (ASC 740) SCHEDULE D, PART X, LINE 2 MANAGEMENT OF THE SCHOOL DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS. TAX YEARS ENDED JUNE 30, 2010 THROUGH JUNE 30, 2013 REMAIN OPEN FOR EXAMINATION BY TAXING AUTHORITIES AS OF THE DATE OF THIS REPORT. true true true true true true true false false false false false false false false false false true NONDISCRIMINATORY POLICY LINE 3 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, 5 NEED BASED SCHOLARSHIPS 15 35201 FINANCIAL ASSISTANCE 181 1935679 THE PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS IN THE UNITED STATES PART I, LINE 2 RAVENSCROFT USES AN OUTSIDE SERVICE TO COLLECT AND PROCESS FINANCIAL AID APPLICANTS' FINANCIAL INFORMATION. THIS SERVICE IS PROVIDED BY SCHOOL AND STUDENT SERVICES BY THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS. APPLICANTS SUBMIT THEIR FAMILY FINANCIAL INFORMATION TO SCHOOL AND STUDENT SERVICES 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 SCHOOL AND STUDENT SERVICES APPLICATION. X X true true X X X X false false false false false false false false false DOREEN C KELLY 228685 0 34500 4442 16380 0 105003 0 389010 0 0 0 GEORGE L JOHNSON 151835 0 2500 14578 1523 0 7446 0 177882 0 0 0 PHILIP C HIGGINSON 125565 0 2500 659 1353 0 29912 0 159989 0 0 0 NONTAXABLE BENEFITS PART II, COLUMN (D) 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 87276 SEE SCHEDULE O false X 1 600 FAIR MARKET VALUE X 2884 FAIR MARKET VALUE X 21 112644 STOCK QUOTE X EVENT TICKETS 53 9718 FAIR MARKET VALUE X GIFT CERTIFICATES 13 1500 FAIR MARKET VALUE X EQUIPMENT & SUPPLIES 9 4899 FAIR MARKET VALUE X VIOLONCELLO & CASE 1 4110 FAIR MAKET VALUE false true false FORM 990 REVIEW PROCESS FORM 990, PART VI, SECTION B, QUESTION 11B 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. MONITORING CONFLICTS OF INTEREST FORM 990, PART VI, SECTION B, QUESTION 12C 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. THE PROCESS FOR DETERMINING COMPENSATION FORM 990, PART VI, SECTION B, QUESTION 15 . 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. MAKING DOCUMENTS AVAILABLE TO THE PUBLIC FORM 990, PART VI, SECTION C, QUESTION 19 THE TAX RETURN IS MADE AVAILABLE UPON REQUEST FROM THE RAVENSCROFT BUSINESS OFFICE. ADDITIONAL FINANCIAL ASSISTANCE PROVIDED TO STUDENTS SCHEDULE E, QUESTION 5D RAVENSCROFT USES AN OUTSIDE SERVICE TO COLLECT AND PROCESS FINANCIAL AID APPLICANTS' FINANCIAL INFORMATION. THIS SERVICE IS PROVIDED BY SCHOOL AND STUDENT SERVICES BY THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS ON A NONDISCRIMINATORY BASIS. APPLICANTS SUBMIT THEIR FAMILY FINANCIAL INFORMATION TO SCHOOL AND STUDENT SERVICES 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 SCHOOL AND STUDENT SERVICES 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. BUSINESS TRANSACTIONS WITH INTERESTED PERSONS SCHEDULE L, PART IV (1) Chris Kelly is the spouse of Doreen Kelly (Head of School) and a Ravenscroft Upper School instructor. RECONCILIATION OF NET ASSETS FORM 990, PART XI, LINE 9 -$23,712 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