2011-02-01T08:37:17-06:00 2010-06-30 BATCHELOR TILLERY & ROBERTS LLP 3605 GLENWOOD AVENUE SUITE 350 RALEIGH NC 27612 990 2009-07-01 566001583 RAVENSCROFT SCHOOL RAVE 9198470900 7409 FALLS OF THE NEUSE ROAD RALEIGH NC 27615 LEONARD JOHNSON 2011-01-31 true 9197878212 2011-02-01 2009 2016-02-24 21:20:13Z DOREEN KELLY 7409 FALLS OF THE NEUSE ROAD RALEIGH NC 27615 34898473 false X www.ravenscroft.org X 1951 NC OPERATION OF AN INDEPENDENT NONPROFIT SCHOOL THAT INCLUDES PRESCHOOL THROUGH GRADE TWELVE. 23 23 388 450 0 895456 2608299 21537398 21754310 -513817 1448004 289441 203394 22208478 26014007 1292124 1440475 0 0 14702348 15126342 0 0 183654 7554349 7677324 23548821 24244141 -1340343 1769866 38776359 40445607 13816591 13286719 24959768 27158888 OPERATION OF AN INDEPENDENT NONPROFIT SCHOOL THAT INCLUDES PRESCHOOL THROUGH GRADE TWELVE. false false 15088939 ALL FACETS OF PRIMARY & SECONDARY EDUCATION INCLUDING AUXILIARY OPERATIONS, SUMMER PROGRAMS, SCHOLARSHIPS AND FINANCIAL ASSISTANCE. 15088939 true true false false false 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 false true true true false false false true true false false true 138 0 true 388 true false false false false false true true false false false false false false 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 MRS JENNIE J HAYMAN 5.0 X X MRS FRANCES P PUGH 5.0 X X MR MUNTHER QUBAIN 5.0 X X MS SARAH WESLEY FOX 5.0 X X MRS MARIAN WOOTEN TROXLER 1.0 X X MR GLENN E ANDERSON JR 1.0 X MR RICHARD O BRAJER 1.0 X MRS FRANCES A BUCKLEY 1.0 X MRS VICTORIA V DETWEILER 1.0 X MRS WYNN G DORSETT 1.0 X MR R GORDON GRUBB 1.0 X DR ISAAC B HORTON III 1.0 X MR JOHN A MALITORIS 1.0 X MR C HOWARD NYE 1.0 X MR JOHN B REPLOGLE 1.0 X MR MICHAEL G SANDMAN 1.0 X MR WINFIELD SHEARIN JR 1.0 X MR O TEMPLE SLOAN III 1.0 X MR JOEL T C WILLIAMS 1.0 X MR CHARLES M WINSTON JR 1.0 X MR ROBERT G WRIGHT 1.0 X MRS CAROL B YOCHEM 1.0 X MRS DOREEN C KELLY 40.0 X X X 243968 0 86170 GEORGE L JOHNSON 40.0 X 153243 0 4972 PHILLIP C HIGGINSON 40.0 X 122042 0 1271 EDWARD J GONET 40.0 X 114286 0 13818 633539 0 106231 4 false true false ARAMARK SERVICES INC PO BOX 198532 ATLANTA GA 303840001 FOOD SERVICE 606605 CENPLEX BUILDING SERVICES INC 2400 RELIANCE AVENUE APEX NC 275397010 CLEANING SERVICE 253950 NEWCOMB AND COMPANY 300 COMFORT COURT RALEIGH NC 27604 HVAC SERVICE 152587 WITHERS RAVENEL INC 111 Mackenan Drive CARY NC 275117903 GENERAL CONTRACTOR 136433 G HINTON INC 1002 BEDDING FIELD DRIVE KNIGHTDALE NC 27545 CLEANING SERVICE 132151 8 2608299 84770 2608299 TUITION & FEES 611710 20697511 20697511 AUXILIARY OPER. 611710 1023685 1023685 APPLICATION FEES 611710 33114 33114 21754310 475110 475110 0 0 83161 83161 83161 83161 9857360 8884466 972894 972894 972894 0 0 0 WITHDRAWAL FEES 611710 69197 69197 GATE RECEIPTS 611710 4868 4868 GRADUATION FEES 611710 15795 15795 30373 30373 120233 26014007 21874543 1531165 0 1440475 1440475 0 0 0 0 12248613 8778619 3469994 610914 610914 1328070 1291346 36724 938745 938745 0 113351 113351 0 0 0 0 620994 620994 120088 66396 53692 837397 260241 475521 101635 167093 167093 0 657900 657900 44564 17306 14465 12793 0 460 460 257148 257148 0 1940039 1940039 216313 60108 156205 FACULTY/STAFF DISCOUNTS 807954 807954 ACADEMIC/ATHLETIC SUPPORT 887170 680517 206653 MAINTENANCE EXPENSE 380310 380151 159 STAFF DEVELOPMENT 109457 5604 97023 6830 OTHER EXPENSES 517086 197110 311431 8545 24244141 15088939 8971548 183654 4591182 4612386 1465006 2204275 427947 471534 101951 104797 4964 4964 41857415 23627765 18777349 18229650 13342100 14758136 65860 59865 38776359 40445607 2376216 2362275 2050475 2180859 9000000 8400000 389900 343585 13816591 13286719 X 12193117 12127492 7996549 10124217 4770102 4907179 24959768 27158888 38776359 40445607 X false true true X false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6680175 137077 874097 33842 191839 0 7465668 7760886 65335 -904326 34431 207289 0 6680175 0.34270 0.65730 0.00000 true false 540828 540828 31686673 16663110 15023563 4610692 3704663 906029 5019222 3259992 1759230 18229650 TRUST FUNDS 14758136 F WESTWOOD TRUST COMMON FUNDS 0 F 14758136 26014007 24244141 1769866 496134 -66880 429254 2199120 26510141 496134 496134 26014007 26014007 24244141 24244141 24244141 TRANSFERS FROM THE RAVENSCROFT SCHOOL FOUNDATION, INC. $15,000. PART XI, LINE 8 ACCUMULATED OTHER COMPREHENSIVE LOSS PART XI, LINE 8 ACCUMULATED OTHER COMPREHENSIVE LOSS - UNREALIZED LOSS ON CASH FLOW HEDGE -$81,880. THE INTENDED USES OF THE ORGANIZATION'S ENDOWMENT FUNDS PART V, LINES 4 ENDOWMENT FUNDS HELD BY THE SCHOOL ARE PRIMARILY USED FOR SCHOLARSHIPS, AND FACULTY AND STAFF PROFESSIONAL DEVELOPMENT AND AWARDS. true true true 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 true true true false false false false false false false false false false true true 14 MERIT SCHOLARSHIPS, 6 NEED BASED SCHOLARSHIPS 20 35128 FINANCIAL ASSISTANCE 149 1405347 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 APPLICANT'S 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 false true X X X X false false false false false false false false false MRS DOREEN C KELLY 206483 0 29000 0 8485 0 16450 69720 330138 0 232914 GEORGE L JOHNSON 140631 0 3000 0 9612 0 4972 0 158215 0 140954 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. ROBERT NEWCOMB FORMER TRUSTEE 152587 SEE SCHEDULE O false X 1 2000 FAIR MARKET VALUE X 2659 FAIR MARKET VALUE X 12 37744 STOCK QUOTE X COMPUTER EQUIPMENT 17 20890 FAIR MARKET VALUE X EVENT TICKETS 69 11872 FAIR MARKET VALUE X FLOWERS 1 1540 FAIR MARKET VALUE X GIFT CARDS 3 1580 FAIR MARKET VALUE X SPORTS EQUIPMENT 1 577 FAIR MARKET VALUE X WINE 1 5908 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 ASSOCIATE HEAD OF SCHOOL FOR BUSINESS AND FINANCE 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, LINE 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. ADDITIONAL FINANCIAL ASSISTANCE PROVIDED TO STUDENTS SCHEDULE E, QUESTION 5D RAVENSCROFT USES AN OUTSIDE SERVICE TO COLLECT AND PROCESS FINANCIAL AID APPLICANT'S 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 4 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 SCHOOLS ACADEMIC, MINORITY AND SOCIALLY DIVERSE COMMUNITY. BUSINESS TRANSACTIONS WITH INTERESTED PERSONS SCHEDULE L, PART IV AMOUNTS PAID TO NEWCOMB AND COMPANY UNDER THE TERMS OF AN ANNUAL HVAC MAINTENANCE AGREEMENT, REPLACEMENT OF TWO UNITS AND REPAIRS TO OTHER HVAC EQUIPMENT. RAVENSCROFT SCHOOL FOUNDATION INC 7409 FALLS OF THE NEUSE ROAD RALEIGH NC 27615 237035426 INVESTMENT NC 501(C)(3) 509(A)(3) NA RS CORPORATION OF RALEIGH 7409 FALLS OF THE NEUSE ROAD RALEIGH NC 27615 561229367 DEVELOPMENT NC C 0 0 false false true false false false false false false false false false false false false false false false RAVENSCROFT SCHOOL FOUNDATION INC C 15000