2013-01-31T11:28:09-06:00 2012-06-30 BATCHELOR TILLERY & ROBERTS LLP 3605 GLENWOOD AVENUE SUITE 350 RALEIGH NC 27612 990 2011-07-01 566001583 RAVENSCROFT SCHOOL % AMY BRIGHT RAVE 9198470900 7409 FALLS OF THE NEUSE ROAD RALEIGH NC 27615 DOREEN C KELLY 2013-01-30 true RONALD A BATCHELOR 9197878212 2011 2016-02-25 16:41:14Z DOREEN C KELLY 7409 FALLS OF THE NEUSE ROAD RALEIGH NC 27615 34356791 false X www.ravenscroft.org X 1951 NC OPERATION OF AN INDEPENDENT NONPROFIT SCHOOL THAT INCLUDES PRESCHOOL THROUGH GRADE TWELVE. 23 23 417 450 0 0 1524351 1894779 22619006 23616247 735973 1169639 178645 192225 25057975 26872890 1561670 1704057 0 0 15449168 15793776 0 0 661155 9108178 8515256 26119016 26013089 -1061041 859801 40552311 40286663 11964523 11796518 28587788 28490145 OPERATION OF AN INDEPENDENT NONPROFIT SCHOOL THAT INCLUDES PRESCHOOL THROUGH GRADE TWELVE. false false 15208205 1704057 23713573 ALL FACETS OF PRIMARY & SECONDARY EDUCATION INCLUDING AUXILIARY OPERATIONS, SUMMER PROGRAMS, SCHOLARSHIPS AND FINANCIAL ASSISTANCE. 15208205 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 true true false false false false true true false false false true 116 0 true 417 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 VICTOR E BELL III 5.0 X X 0 0 0 MRS V WATSON PUGH 5.0 X X 0 0 0 MR CHARLES M WINSTON JR 5.0 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 MR C HOWARD NYE 5.0 X 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 MRS VICTORIA V DETWEILER 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 MR J R SHEARIN 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 254674 0 123975 GEORGE L JOHNSON 40.0 X 160022 0 8314 PHILIP C HIGGINSON 40.0 X 124584 0 28890 EDWARD J GONET 40.0 X 113639 0 19270 652919 0 180449 4 false true false ARAMARK SERVICES INC PO BOX 198532 ATLANTA GA 303840001 DINING SERVICES 621456 SPEC CON INC 901 OLD KNIGHT ROAD KNIGHTDALE NC 275459065 CONSTRUCTION 408183 OLD NORTH STATE LANDSCAPE DEVELOPME PO BOX 61748 DURHAM NC 27715 LANDSCAPING 283617 THE BUDD GROUP PO BOX 890856 CHARLOTTE NC 282890856 CLEANING SERVICE 168763 NEWCOMB AND COMPANY PO BOX 58010 RALEIGH NC 276588010 HVAC CONTRACTOR 126779 9 1894779 367073 1894779 TUITION & FEES 611710 22501698 22501698 AUXILIARY OPER. 611710 1080946 1080946 APPLICATION FEES 611710 33603 33603 23616247 521234 521234 0 0 94899 94899 94899 94899 8132306 7483901 648405 648405 648405 0 0 0 WITHDRAWAL FEES 611710 45000 45000 SCHOOL PICTURES 611710 16776 16776 GRADUATION FEES 611710 16240 16240 19310 19310 97326 26872890 23713573 0 1264538 0 1704057 1704057 0 0 563437 563437 0 12318633 9111265 2802142 405226 612316 450838 145192 16286 1335479 1009794 256797 68888 963911 689419 243830 30662 0 69649 69649 0 0 0 75485 75485 693514 680910 12604 69321 67849 1472 865636 257085 576713 31838 162928 162928 0 639153 639153 71471 22366 33619 15486 0 0 173691 173691 0 2088577 2088577 229138 62134 167004 ACADEMIC/ATHLETIC SUPPORT 973394 704438 268956 FACULTY/STAFF DISCOUNTS 880212 880212 MAINTENANCE EXPENSE 524288 524288 STAFF DEVELOPMENT 192493 4782 181162 6549 806306 311815 422347 72144 26013089 15208205 10143729 661155 0 0 2702268 3392135 1712665 1365037 517496 554472 0 0 0 0 0 0 119657 130770 4964 5480 45871800 27631264 18641611 18240536 16793650 16544233 0 0 0 0 0 0 60000 54000 40552311 40286663 1945849 2449511 0 0 2164979 2150913 7442916 6740192 0 0 0 0 0 0 296190 247754 114589 208148 11964523 11796518 X 13557268 14189393 10062475 8706587 4968045 5594165 28587788 28490145 40552311 40286663 X 859801 -957444 X false true true X false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 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 0.38982 0.61018 true false 540828 540828 32720453 19131323 13589130 5562955 4570314 992641 7047564 3929627 3117937 18240536 0 CAPITAL LEASE PAYABLE 208148 208148 26872890 26013089 859801 -933403 -24041 -957444 -97643 25915446 -933403 -933403 26848849 24041 24041 26872890 26013089 26013089 26013089 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 CHANGE IN NET ASSETS PART XI, LINE 8 $24,041 IN-KIND GIFTS NOT INCLUDED IN FINANCIAL STATEMENT REVENUE. RECONCILIATION OF REVENUE PART XII, LINE 4C $24,041 IN-KIND GIFTS NOT INCLUDED IN FINANCIAL STATEMENT REVENUE. 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 8 MERIT SCHOLARSHIPS, 6 NEED BASED SCHOLARSHIPS 14 13900 FINANCIAL ASSISTANCE 165 1690157 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 219444 0 29000 0 6230 0 15500 0 108722 0 378896 0 0 0 GEORGE L JOHNSON 148457 0 0 0 11565 0 1523 0 7038 0 168583 0 0 0 PHILIP C HIGGINSON 122352 0 0 0 2232 0 0 0 29137 0 153721 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. 0 CHRIS KELLY SPOUSE OF HEAD OF SCHOOL 88038 SEE SCHEDULE O false ROBERT NEWCOMB FORMER TRUSTEE 163214 SEE SCHEDULE O false X 3329 FAIR MARKET VALUE X 18 343032 STOCK QUOTE X EVENT TICKETS 72 16101 FAIR MARKET VALUE X GIFT CARDS 4 125 FAIR MARKET VALUE X EQUIPMENT & SUPPLIES 3 4486 FAIR MARKET VALUE false true false FORM 990 REVIEW PROCESS FORM 990, PART VI, SECTION B, QUESTION 11 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 BORAD. . 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. (2) Amounts paid to Newcomb and Company under the terms of an annual HVAC maintenance agreement, repairs to HVAC equipment and installation of electric/gas metering/monitoring system in the Upper School. RECONCILIATION OF NET ASSETS FORM 990, PART XI, QUESTION 5 -$933,403 NET UNREALIZED LOSSES ON INVESTMENTS - $24,041 IN-KIND GIFTS NOT INCLUDED IN FINANCIAL STATEMENT REVENUE = -$957,444 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