2012-11-29T09:05:54-06:00 2012-06-30 560574444 CHERRY BEKAERT & HOLLAND LLP 1111 METROPOLITAN AVENUE SUITE 1000 CHARLOTTE NC 28204 990 2011-07-01 560623935 CHARLOTTE COUNTRY DAY SCHOOL CHAR 7049434551 1440 CARMEL ROAD CHARLOTTE NC 282265096 DAVID L MANCOS 7049434551 2012-11-26 1 JANICE A RATICA P00358837 7043771678 2011 2016-02-24 21:20:13Z MARK REED 1440 CARMEL ROAD CHARLOTTE NC 28226 41008817 0 X WWW.CHARLOTTECOUNTRYDAY.ORG X 1941 NC CHARLOTTE COUNTRY DAY SCHOOL PROVIDES COMPREHENSIVE EDUCATIONAL PROGRAMS FOR GRADES PRE-KINDERGARTEN THROUGH GRADE 12 ON A NON-DISCRIMINATORY BASIS. 27 27 588 300 0 0 3837236 3451347 33569336 34556720 1651107 1002783 406380 808713 39464059 39819563 3568668 3663801 0 0 22838264 23432814 0 0 1939555 10688698 10962305 37095630 38058920 2368429 1760643 115643871 114768532 33584473 32334833 82059398 82433699 X THROUGH EXCELLENCE IN EDUCATION, THE SCHOOL DEVELOPS THE POTENTIAL OF EACH STUDENT BY FOSTERING INTELLECTUAL CURIOSITY, PRINCIPLED CHARACTER, ETHICAL LEADERSHIP AND A RESPONSIBILITY TO SERVE. THE KEY VALUES AND COMMITMENTS ARE EDUCATIONAL EXCELLENCE, CHARACTER, COMMUNITY, AND SERVICE. 0 0 27464912 3663801 34780425 FUNDS WERE USED TO PROVIDE COMPREHENSIVE EDUCATIONAL PROGRAMS TO APPROXIMATELY 1,600 STUDENTS IN GRADES PRE-KINDERGARTEN THROUGH GRADE 12. 27464912 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 45 2 588 1 0 1 CJ VI 0 0 0 1 1 0 0 0 0 X 27 27 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X DAVID L MANCOS 7049434551 1440 CARMEL ROAD CHARLOTTE NC 282265096 DAVID M BENSON 4.00 X 0 0 0 HOWARD C BISSELL 4.00 X 0 0 0 LOUIS A BLEDSOE III 4.00 X 0 0 0 D ANN CAULKINS 4.00 X 0 0 0 PATRICK L DIAMOND 4.00 X 0 0 0 J TRAVIS HAIN 4.00 X 0 0 0 KATHLEEN KNOX KRUPA 4.00 X 0 0 0 JAMES H MCLAWHORN 4.00 X 0 0 0 VICKY C MITCHENER 4.00 X 0 0 0 AMY F OWEN 4.00 X 0 0 0 ROY H PARK III 4.00 X 0 0 0 ANDREW D PLEPLER 4.00 X 0 0 0 WALKER L POOLE 4.00 X 0 0 0 DR JAMES W ROBERTS 4.00 X 0 0 0 SALLY SAUSSY 4.00 X 0 0 0 A WELLFORD TABOR 4.00 X 0 0 0 RONALD A VEITH 4.00 X 0 0 0 SHANNON W MCFAYDEN 4.00 X X 0 0 0 L WATTS HAMRICK III 4.00 X X 0 0 0 DR CHERYL D COURTLANDT 4.00 X X 0 0 0 ROBERT T DOOLEY III 4.00 X X 0 0 0 TODD A GORELICK 4.00 X X 0 0 0 STEPHANIE S LYNCH 4.00 X X 0 0 0 SCOTT B PERPER 4.00 X X 0 0 0 J CARLTON SHOWALTER JR 4.00 X X 0 0 0 ARTHUR C ROSELLE 4.00 X X 0 0 0 GARY R WOLFE 4.00 X X 0 0 0 MARK REED 70.00 X 346000 0 34956 DAVID L MANCOS 70.00 X 207475 0 22242 KEVIN DALY 50.00 X 151707 0 14847 WARREN SEPKOWITZ 50.00 X 126246 0 15006 MARGARET P OTEY 50.00 X 125500 0 14942 JOHN M BURKE 50.00 X 122414 0 15702 AMOS H BRANSON JR 50.00 X 118405 0 16290 1197747 0 133985 12 0 1 0 ALADDIN FOOD MANAGEMENT SERVICES 16567 COLLECTIONS CENTER DRIVE CHICAGO IL 606931656 FOOD SERVICES 995884 ARAMARK CORPORATION 24858 NETWORK PLACE CHICAGO IL 606731248 CUSTODIAL SERVICES 847336 BALFOUR BEATTY CONSTRUCTION LLC 1930 CAMDEN ROAD SUITE 280 CHARLOTTE NC 28203 CONSTRUCTION 541400 GOV CONNECTION INC PO BOX 382810 PITTSBURGH PA 152508810 TECHNOLOGICAL SERVICES 180822 INTERNATIONAL TRAVEL CENTER 1501 EAST THIRD STREET CHARLOTTE NC 28204 TRANSPORTATION 165357 8 3451347 11386 3451347 TUITION 611710 31542717 31542717 PROGRAM FEES 611710 1587115 1587115 FOOD SERVICES 611710 1059410 1059410 TRANSPORTATION 480000 367478 367478 34556720 1031757 1031757 27164 0 27164 27164 27164 631210 2425 662609 0 -31399 2425 -28974 -28974 755699 281759 473940 473940 116269 32521 83748 83748 212521 212365 156 156 OTHER INCOME 900099 136069 136069 APPLICATION FEES 611710 39195 39195 FORFEITED DEPOSITS 611710 28050 28050 20391 20391 223705 39819563 34780425 0 1587791 3663801 3663801 610673 610673 18327601 13651277 4028154 648170 936296 707337 204795 24164 2174837 1676756 435547 62534 1383407 1058538 275415 49454 20521 20521 47936 47936 1259346 97029 1158263 4054 21551 2813 18738 766661 66857 661310 38494 263443 189336 74107 847658 805275 42383 87305 42020 45285 239361 6698 232663 357819 286933 35523 35363 2061576 1958497 103079 224598 11949 212649 BOOKS & EDUCATIONAL PRO 1632198 1233047 199457 199694 FOOD SERVICE & HOSPITAL 1009044 1009044 GROUNDS EXPENSE & MAINT 851324 83658 767666 ATHLETIC EXPENSE 416164 349262 66902 855800 150146 220436 485218 38058920 27464912 8654453 1939555 8848139 8204346 12535821 25033154 6838107 5252606 276183 334766 134559 151296 283864 314745 70499431 27577736 43563175 42921695 42960197 32365168 203826 190756 115643871 114768532 3153825 3269199 6742581 6462249 23050000 21890000 638067 713385 33584473 32334833 X 45350539 47058928 19897422 17940201 16811437 17434570 82059398 82433699 115643871 114768532 X 1760643 -1386342 X X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 23519298 825606 -680183 606000 23058721 18682319 1642735 3794244 600000 23519298 15768568 1436569 1812182 335000 18682319 18549125 1602745 -3718757 664545 15768568 0.29000 0.71000 0 0 2767619 2767619 50352220 20805542 29546678 9950501 4111548 5838953 7429091 2660646 4768445 42921695 MONEY MARKET MUTUAL FUND 6011900 F COMMON STOCKS 33162 F BONDS & FIXED INCOME FUNDS 19818380 F PRIVATE INVESTMENT FUNDS 6501726 F 32365168 UNREALIZED LOSS ON SWAP AGREEMENT 713385 713385 39819563 38058920 1760643 -1311023 -75319 -1386342 374301 37360762 -1311023 -1624062 -2935085 40295847 47936 -524220 -476284 39819563 36988886 526645 526645 36462241 47936 1548743 1596679 38058920 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: ENDOWMENT FUNDS ARE USED FOR SCHOLARSHIPS, GENERAL OPERATING EXPENSES AND PROPERTY AND EQUIPMENT IMPROVEMENTS AND UPKEEP. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: MANAGEMENT HAS EVALUATED THE EFFECT OF FASB GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE GUIDANCE CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS BY PRESCRIBING A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAXEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE SCHOOL'S POLICY IS TO RECORD A LIABILITY FOR ANY TAX POSITION TAKEN THAT IS BENEFICIAL TO THE SCHOOL, INCLUDING ANY RELATED INTEREST AND PENALTIES, WHEN IT IS MORE LIKELY THAN NOT THE POSITION TAKEN BY MANAGEMENT WITH RESPECT TO A TRANSACTION OR CLASS OF TRANSACTIONS WILL BE OVERTURNED BY A TAXING AUTHORITY UPON EXAMINATION. MANAGEMENT BELIEVES THERE ARE NO SUCH POSITIONS AS OF JUNE 30, 2012 AND 2011, AND ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED. PART XI, LINE 8 - OTHER ADJUSTMENTS: UNREALIZED LOSS ON SWAP AGREEMENT -75,319. PART XII, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID AND SCHOLARSHIPS SHOWN NET OF TUITION ON FINANCIALS -1,548,743. UNREALIZED LOSS ON SWAP AGREEMENT -75,319. PART XII, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -212,365. SPECIAL EVENT EXPENSES -314,280. GAIN ON EQUIPMENT DISPOSAL 2,425. PART XIII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 212,365. SPECIAL EVENT EXPENSES 314,280. PART XIII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID AND SCHOLARSHIPS SHOWN NET OF TUITION ON FINANCIALS 1,548,743. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 THE SCHOOL'S RACIALLY NON-DISCRIMINATORY POLICY TOWARDS STUDENTS IS PUBLISHED THROUGH A PRINTED STATEMENT OF THE SCHOOL'S ADMINISTRATION POLICY IN A LOCAL NEWSPAPER AND MAGAZINES. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 2459676 0 0 0 0 0 0 2459676 0 2459676 0 0 1 1 0 0 FORM 990, PART IV, LINE 3 ALTHOUGH THE ORGANIZATION HAD AN OWNERSHIP IN CERTAIN FOREIGN CORPORATIONS (INVESTMENTS) DURING THE TAX YEAR, THE INVESTMENT AMOUNT WAS NOT HIGH ENOUGH TO RENDER THE FILING OF FORM 5471. SCHEDULE F, PART IV, LINE 4 THE ORGANIZATION IS AN INVESTOR IN ONE OR MORE "PASSIVE FOREIGN INVESTMENT COMPANIES" ("PFICS"). THE ORGANIZATION DID NOT RECEIVE ANY TAXABLE DISTRIBUTIONS FROM ANY OF THE PFICS DURING FISCAL YEAR 2012. FORM 8621 IS NOT BEING FILED PURSUANT TO IRS GUIDANCE SET FORTH IN REG. SEC. 1.1291-1(E). BIG SATURDAY 114820 114820 66064 AUCTION 260845 260845 111271 3 380034 380034 104424 755699 755699 281759 281759 473940 116269 11258 11500 9763 0 116269 11258 11500 9763 32521 83748 NC 0 NO LICENSE IS REQUIRED. 0 0 0 0.50000 0.50000 DAVID MANCOS 1440 CARMEL ROAD CHARLOTTE NC 28226 0 0 1 FINANCIAL AID 251 3491672 SCHOLARSHIPS 35 172129 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE AMOUNT OF THE FINANCIAL AID OR SCHOLARSHIP IS ONLY APPLIED TO A STUDENTS' BILLING ACCOUNT. THE FINANCIAL AID COMMITTEE REVIEWS ALL REQUESTS FOR FINANCIAL AID. ADDITIONALLY, EACH DONOR (OF A NAMED SCHOLARSHIP ENDOWMENT) RECEIVES A LETTER FROM DEVELOPMENT SAYING WHO RECEIVED THE SCHOLARSHIP. X X X X 1 1 X X X X X X 0 1 0 0 0 0 0 0 0 MARK REED 346000 0 0 0 0 0 27525 0 7431 0 380956 0 0 0 DAVID L MANCOS 207475 0 0 0 0 0 14811 0 7431 0 229717 0 0 0 KEVIN DALY 151707 0 0 0 0 0 7488 0 7359 0 166554 0 0 0 PART I, LINE 1A THE BOARD APPROVED THAT THE HEAD OF SCHOOL MAY TRAVEL FIRST-CLASS FOR ANY FLIGHTS LONGER THAN THREE HOURS. THE BOARD ALSO APPROVED THAT THE HEAD OF SCHOOL IS ALLOWED A BUDGETED AMOUNT OF DISCRETIONARY EXPENDITURES. IT IS USED TO SUPPORT ANY UNANTICIPATED NEEDS OF THE SCHOOL. AS A CONDITION OF EMPLOYMENT, THE HEAD OF SCHOOL IS REQUIRED TO LIVE IN THE SCHOOL'S HOUSE LOCATED ON THE CAMPUS. THIS RESIDENCE IS PROVIDED FOR THE CONVENIENCE OF THE SCHOOL IN HAVING THE FUNCTIONS OF THE OFFICE OF THE HEAD OF SCHOOL EFFICIENTLY DISCHARGED. THE SCHOOL PROVIDES HOUSEKEEPING SERVICES TO THE HEAD OF SCHOOL FOR THE CONVENIENCE OF THE EMPLOYER SO THAT THE HEAD OF SCHOOL CAN PERFORM ESSENTIAL SCHOOL BUSINESS AND ACTIVITIES AT THE HOME. THIS HOUSING ALLOWANCE IS TREATED AS A NON-TAXABLE BENEFIT. PART I, LINE 4B THE SCHOOL CONTRIBUTED $16,500 TO A 457(B) PLAN FOR THE HEAD OF SCHOOL, MARK REED, FOR HIS SERVICES TO THE SCHOOL. NC CAPITAL FACILITIES FINANCE 561592154 65818PGN3 2008-06-01 12690000 SCHOOL CONSTRUCTION 0 0 0 12690000 159515 12530485 2009 0 0 1 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 1 0 0 0 0 SHOWALTER CONSTRUCTION CO INC CARL SHOWALTER IS A MEMBER OF THE BOARD OF TRUSTEES & OWNER OF THE COMPANY 515174 CONSTRUCTION COSTS WERE NEGIOTIATED IN THE NORMAL COURSE OF BUSINESS AND AT ARM'S LENGTH. 0 FORM 990, PART VI, SECTION A, LINE 2 SCOTT PERPER, WATTS HAMRICK, AND ART ROSELLE, ALL TRUSTEES ON THE BOARD ARE EMPLOYED BY THE SAME COMPANY. FORM 990, PART VI, SECTION B, LINE 11 THE AUDIT COMMITTEE REVIEWS THE IRS FORM 990 WITH THE CHIEF FINANCIAL OFFICER BEFORE THE FORM IS FILED. A COPY OF THE IRS FORM 990 IS POSTED TO A SECURED SERVER FOR THE TRUSTEES TO REVIEW BEFORE THE FORM IS FILED. MEMBERS ARE ENCOURAGED TO REVIEW THE FORM AND DIRECT ANY QUESTIONS TO THE CHAIR OF THE AUDIT COMMITTEE. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD MAINTAINS A CONFLICT OF INTEREST POLICY WHICH IS REVIEWED AND SIGNED ON AN ANNUAL BASIS. ALL TRUSTEES AND OTHER INTERESTED PERSONS ARE REQUIRED TO READ, COMPLETE AND SIGN THE CONFLICT OF INTEREST FORM ANNUALLY. IF AN ISSUE IS TO BE DECIDED BY THE BOARD THAT INVOLVES POTENTIAL CONFLICT OF INTEREST FOR A BOARD MEMBER OR OTHER INTERESTED PERSONS, IT IS THE RESPONSIBILITY OF THE BOARD MEMBER OR OTHER INTERESTED PERSONS TO: (1) IDENTIFY THE POTENTIAL CONFLICT OF INTEREST SO THAT BOARD MEMBERS WHO ARE VOTING ON A DECISION ARE AWARE THAT ANOTHER MEMBERS' INTEREST ARE NOT BEING AFFECTED; (2) NOT PARTICIPATE IN THE DISCUSSION OF THE PROGRAM, ISSUE OR MOTION BEING CONSIDERED; AND (3) NOT VOTE ON THE MOTION. FORM 990, PART VI, SECTION B, LINE 15 THE SCHOOL HAS A HEAD COMPENSATION COMMITTEE. THE COMMITTEE ANNUALLY REVIEWS BENCHMARK COMPENSATION DATA FROM SEVERAL SOURCES SUCH AS NATIONAL ASSOCIATION OF INDEPENDENT SCHOOL (NAIS) AND JOINT RESEARCH PROJECT ORGANIZATION (JRPO). THE COMMITTEE ANALYZES DATA FROM THESE AND OTHER ORGANIZATIONS IN ORDER TO MAKE A RECOMMENDATION TO THE BOARD OF TRUSTEES REGARDING THE HEAD COMPENSATION. THE BOARD HAS APPROVAL AUTHORITY FOR THE HEAD COMPENSATION AND APPROVES THE PACKAGE ANNUALLY. ALL DISCUSSIONS AND DECISIONS ARE DOCUMENTED IN THE MINUTES. THE HEAD OF SCHOOL DETERMINES AND ESTABLISHES SALARIES FOR ALL OTHER TOP MANAGEMENT AND KEY EMPLOYEES. HE USES DATA FROM THESE SAME ORGANIZATIONS (NAIS & JRPO) TO ASSIST IN ESTABLISHING TOP MANAGEMENT AND KEY EMPLOYEE SALARIES. ALL SALARY INCREASES MUST BE WITHIN THE BUDGET AS APPROVED BY THE BOARD OF TRUSTEES, AND THE BOARD MONITORS THE BUDGET TO ENSURE COMPLIANCE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -1,311,023. UNREALIZED LOSS ON SWAP AGREEMENT -75,319. TOTAL TO FORM 990, PART XI, LINE 5: -1,386,342. FORM 990, PART XII, LINE 2C: THE AUDIT COMMITTEE IS APPOINTED BY THE BOARD OF TRUSTEES TO ASSIST THE BOARD IN FULFILLING ITS FISCAL OVERSIGHT RESPONSIBILITIES. THE PRIMARY DUTIES OF THE COMMITTEE ARE: TO MONITOR THE INTEGRITY OF CHARLOTTE COUNTRY DAY SCHOOL'S FINANCIAL REPORTING PROCESS AND SYSTEMS OF INTERNAL CONTROLS REGARDING FINANCE, ACCOUNTING AND LEGAL COMPLIANCE, TO MONITOR THE PERFORMANCE OF CHARLOTTE COUNTRY DAY SCHOOL'S INDEPENDENT AUDITORS, AND TO PROVIDE AN AVENUE OF COMMUNICATION AMONG THE INDEPENDENT AUDITORS, MANAGEMENT AND THE BOARD OF TRUSTEES.