2026-05-14T11:06:47-05:00 2025-06-30 SMITH & HOWARD ADVISORY LLC 271 17TH STREET NW SUITE 2100 ATLANTA GA 30363 990 2024-07-01 560530248 ASHEVILLE SCHOOL INC % HANES SWINGLE ASHE 8282546345 360 Asheville School Road Asheville NC 28806 Beth McWilliams CFOO 8282546345 2026-05-15 true true SABRE J LINAHAN P01372980 4048746244 2026-05-15 2024 2025-03-06 01:10:19Z DR ANTHONY SGRO 360 Asheville School Road Asheville NC 28806 41661684 false X WWW.ASHEVILLESCHOOL.ORG X 1900 NC TO PREPARE STUDENTS FOR THEIR FUTURE AND TO PROVIDE A DIVERSE, ENGAGED, AND SMALL SCHOOL COMMUNITY ATMOSPHERE THAT ALLOWS THEM TO STRIVE FOR EXCELLENCE. 18 18 144 55 0 2813134 3665521 20414056 21475693 2911637 3336871 175420 207802 26314247 28685887 4481440 4848647 0 0 11151400 12193162 0 0 1524467 10812860 10188001 26445700 27229810 -131453 1456077 115578272 124772092 6345158 12553274 109233114 112218818 X TO PREPARE OUR STUDENTS FOR COLLEGE AND FOR LIFE AND TO PROVIDE AN ATMOSPHERE IN WHICH ALL MEMBERS OF A DIVERSE, ENGAGED, AND PURPOSEFULLY SMALL SCHOOL COMMUNITY APPRECIATE AND STRIVE FOR EXCELLENCE - AN ATMOSPHERE THAT NURTURES CHARACTER AND FOSTERS THE DEVELOPMENT OF MIND, BODY, AND SPIRIT. false false 21749016 4848647 21573726 ASHEVILLE SCHOOL'S PRIMARY PROGRAM SERVICE IS THE EDUCATION OF STUDENTS IN GRADES 9 THROUGH 12. STUDENTS ARE ENTRUSTED TO OUR CARE FOR FOUR TRANSFORMATIVE YEARS THAT SHAPE THEIR CHARACTER AND DIRECT THEIR PATH. THROUGH A RIGOROUS ACADEMIC CURRICULUM AND EXPLORATION OF CO-CURRICULAR INTERESTS, EXPECTATIONS ARE SET HIGH FOR OUR STUDENTS. OUR STUDENTS GRADUATE FULLY PREPARED FOR COLLEGE AND A LIFE OF PURPOSE. 21749016 true true false false false false false true true true true true false false true true true false true false true false true false false false false false true true true false false false false false false false false false false true false false false false false false false false true 74 0 true 144 true false false false false false false false false false false false false X 18 18 false false false false false false false true true false false true true true true true true true false false NC X HANES SWINGLE 8282546345 360 ASHEVILLE SCHOOL ROAD ASHEVILLE NC 28806 X ANTHONY SGRO HEAD OF SCHOOL 50.0 0.0 X 541051 0 56851 SCOTT MILLER SCHOOL COUNSELOR 40.0 0.0 X 121083 0 78031 ASHLY MAAG DIRECTOR OF ADVANCEMENT 40.0 0.0 X 160382 0 30683 SHANNON CARMACK ASSOCIATE DIR OF ADMISSION 40.0 0.0 X 102980 0 86312 BETH MCWILLIAMS CFOO 40.0 0.0 X 137667 0 50216 JONATHAN SCHWAB ASSOCIATE HEAD OF SCHOOL 40.0 0.0 X 124373 0 47595 INNES BOLAND ASSISTANT HEAD OF SCHOOL 40.0 0.0 X 120232 0 23313 ARCH MONTGOMERY FORMER HEAD OF SCHOOL 0.0 0.0 X 141419 0 0 THOMAS H SHORES CHAIR 1.0 0.0 X X 0 0 0 LARA GLASS CO-VICE CHAIR 1.0 0.0 X X 0 0 0 SCOTT E SHEALY CO-VICE CHAIR 1.0 0.0 X X 0 0 0 JOS ANTONIO GONZLEZ ANAYA TREASURER 1.0 0.0 X X 0 0 0 ALEX J HAGAN TRUSTEE 1.0 0.0 X 0 0 0 CASEY GALLAGHER TRUSTEE 1.0 0.0 X 0 0 0 REV DANA CORSELLO TRUSTEE 1.0 0.0 X 0 0 0 DEXTER V PERRY TRUSTEE 1.0 0.0 X 0 0 0 ELIZABETH P EWING TRUSTEE 1.0 0.0 X 0 0 0 GAITHER DEATON TRUSTEE 1.0 0.0 X 0 0 0 GUY DIXON TRUSTEE 1.0 0.0 X 0 0 0 HYDE RUSSELL TRUSTEE 1.0 0.0 X 0 0 0 JEAN GRAHAM KELLER TRUSTEE 1.0 0.0 X 0 0 0 JOSH SHORES TRUSTEE 1.0 0.0 X 0 0 0 MARCELLUS C PARKER TRUSTEE 1.0 0.0 X 0 0 0 MARGARET BRADLEY TRUSTEE 1.0 0.0 X 0 0 0 MIYA R GRAY TORAIN TRUSTEE 1.0 0.0 X 0 0 0 MORGAN MISCHER WARTH TRUSTEE 1.0 0.0 X 0 0 0 1449187 0 373001 13 true true false SAGE DINING SERVICES INC 1402 YORK ROAD LUTHERVILLE MD 21093 FOOD SERVICE 1370829 REDEFINE FACILITY CLEANING 1125 SWEETEN CREAK RD STE 20 ASHEVILLE NC 28803 CUSTODIAL SERVICES 545145 US SECURITY ASSOCIATES INC EIGHT TOWER BRIDGE 161 WASHINGTON S CONSHOHOCKEN PA 19428 SECURITY SERVICES 436975 ROLYN COMPANIES 5706 FREDERICK AVE ROCKVILLE ME 20852 CONSTRUCTION SERVICE 261482 SPOLETO STUDY ABROAD 845 HARBOR PLACE DR CHARLESTON SC 29412 STUDY ABROAD SERVICE 231700 8 3665521 136189 3665521 TUITION AND FEES 611710 20483581 20483581 STUDENT ACTIVITIES 992112 992112 21475693 1713814 1713814 0 0 72613 72613 0 72613 72613 14507083 10134 12894160 1612923 10134 1623057 1623057 0 0 0 0 0 0 118793 81637 37156 37156 MISCELLANEOUS 98033 98033 98033 28685887 21573726 3446640 0 2817431 2817431 2031216 2031216 0 964988 701643 163276 100069 0 7682112 5585664 1299813 796635 943007 685660 159557 97790 1990625 1447383 336814 206428 612430 445298 103623 63509 0 40272 40272 48650 48650 0 0 624157 624157 188110 68378 119092 640 38095 17181 18358 2556 263113 118664 126794 17655 458220 256282 198501 3437 0 2115137 1930909 98565 85663 207069 136293 29673 41103 0 46622 30687 6681 9254 40028 40028 0 2142919 1996772 80145 66002 301767 266309 18559 16899 FOOD SERVICES 1762774 1762774 STUDENT ACTIVITIES 1597244 1337372 259872 MEMBERSHIP AND DUES 137262 61905 66147 9210 BAD DEBT EXPENSE 63047 63047 113515 51195 54703 7617 27229810 21749016 3956327 1524467 X 1250 1250 12756886 14151433 2082927 3203286 364231 100523 0 0 0 0 0 0 35366 28885 820248 905864 58580349 32815114 26272708 25765235 60092984 65369092 12425572 14530515 0 0 24835 15804 701265 700205 115578272 124772092 1003353 1404584 0 0 3094137 9543318 1745000 1075000 1100 0 0 0 0 0 0 0 501568 530372 6345158 12553274 X 38146207 32814689 71086907 79404129 109233114 112218818 115578272 124772092 X 1456077 8343025 -6813398 X false true X true false X 4876946 4963487 2116119 2813134 3665521 18435207 0 0 4876946 4963487 2116119 2813134 3665521 18435207 1212272 17222935 552608 1392071 1380612 1610080 1786427 6721798 0 0 25157005 97750647 0.68462 0.68368 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 97500 X X STUDY PAINTING TECHNIQUES false false true 69907496 210667 10435968 3149893 77404238 67941042 350262 5495601 3812517 66892 69907496 63910438 848157 4963654 1781207 67941042 74747303 2226603 -10569084 666214 1828170 63910438 53410657 4296614 19036195 686108 1310055 74747303 0.06760 0.63520 0.29720 false false 941110 941110 49437380 27025170 22412210 5783168 4625501 1157667 2418691 1164443 1254248 25765235 HEDGE FUNDS 9199781 OTHER INVESTMENTS 5330734 14530515 0 LEASE OBLIGATION 419805 ANNUITY PAYABLE 110567 530372 X 24871304 8343025 8343025 16528279 624157 11533451 12157608 28685887 21885600 128594 128594 21757006 624157 4848647 5472804 27229810 SCHEDULE D, PART IV, LINE 2B THESE ARE FUNDS HELD FOR STUDENTS AND AT THE END OF THE FISCAL YEAR, THE ORGANIZATION DID NOT HAVE ANY ESCROW ARRANGEMENTS ON THE BALANCE SHEET AT YEAR-END. SCHEDULE D, PART V, LINE 4 THE SCHOOL'S ENDOWMENT FUNDS ARE USED TO SUPPLEMENT INSTRUCTIONAL AND FINANCIAL AID EXPENSES. SCHEDULE D, PART X, LINE 2 THE SCHOOL IS A TAX-EXEMPT ENTITY UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE"). ONLY UNRELATED BUSINESS INCOME, AS DEFINED BY SECTION 512(A)(1) OF THE CODE, IS SUBJECT TO INCOME TAXES. THE SCHOOL ANNUALLY EVALUATES ALL FEDERAL AND STATE INCOME TAX POSITIONS. THIS PROCESS INCLUDES AN ANALYSIS OF WHETHER THESE INCOME TAX POSITIONS THE SCHOOL TAKES MEET THE DEFINITION OF AN UNCERTAIN TAX POSITION UNDER THE INCOME TAXES TOPIC OF THE FINANCIAL ACCOUNTING STANDARDS CODIFICATION. IN GENERAL, THE SCHOOL IS NO LONGER SUBJECT TO TAX EXAMINATIONS FOR TAX YEARS ENDING BEFORE JUNE 30, 2022. SCHEDULE D, PART XI, LINE 4B $4,848,647 SCHOLARSHIPS & FINANCIAL AID + $6,684,804 OTHER CHANGES IN NET ASSETS DUE TO HURRICANE DAMAGE REPAIRS AND RELIEF EFFORTS, SETTLEMENTS AND CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT -------------- $11,533,451 TOTAL SCHEDULE D, PART XII, LINE 4B $4,848,647 SCHOLARSHIPS & FINANCIAL AID true true true true true true true false false false false false false false false false false true SCHEDULE E, PART I, LINE 3 THE SCHOOL MEETS THE REQUIREMENTS THROUGH REV. PROC 75-50, 1975-2 C.B. 587, SEC. 4 GUIDELINES .03, SUBSECTION 2.C. "(C) IF A SCHOOL CUSTOMARILY DRAWS IT STUDENTS FROM LOCAL COMMUNITIES AND FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY AS TO STUDENTS, THE PUBLICITY REQUIREMENT MAY BE SATISFIED BY COMPLYING WITH SECTION 4.02, SUPRA. SUCH A SCHOOL MAY DEMONSTRATE THAT IT FOLLOWS A RACIALLY NONDISCRIMINATORY POLICY WITHIN THE MEANING OF THE PRECEDING SENTENCE BY SHOWING THAT IT CURRENTLY ENROLLS STUDENTS OF RACIAL MINORITY GROUPS IN MEANINGFUL NUMBERS." THE POLICY IS AVAILABLE ON THE SCHOOL'S WEBSITE. true Central America and the Caribbean 0 0 Investments INVESTMENT FUNDS 28487534 Sub-Saharan Africa 0 0 Investments INVESTMENT FUNDS 3323244 Europe (Including Iceland and Greenland) 0 0 Grantmaking FINANCIAL AID 978120 North America 0 0 Grantmaking FINANCIAL AID 862225 Central America and the Caribbean 0 0 Grantmaking FINANCIAL AID 178221 East Asia and the Pacific 0 0 Grantmaking FINANCIAL AID 12650 Europe (Including Iceland and Greenland) 0 0 Program Services INTERNATIONAL TRIPS 276762 East Asia and the Pacific 0 0 Program Services INTERNATIONAL TRIPS 24462 Middle East and North Africa 0 0 Program Services INTERNATIONAL TRIPS 11148 Central America and the Caribbean 0 0 Program Services INTERNATIONAL TRIPS 7953 0 0 0 0 34162319 34162319 SCHOLARSHIPS/FINANCIAL AID Europe (Including Iceland and Greenland) 20 978120 FINANCIAL AID FMV SCHOLARSHIPS/FINANCIAL AID North America 13 862225 FINANCIAL AID FMV SCHOLARSHIPS/FINANCIAL AID Central America and the Caribbean 4 178221 FINANCIAL AID FMV SCHOLARSHIPS/FINANCIAL AID East Asia and the Pacific 1 12650 FINANCIAL AID FMV true false true true true false SCHEDULE F, PART IV, LINE 3 ASHEVILLE SCHOOL HAD 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 ASHEVILLE SCHOOL (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 THE FISCAL YEAR ENDED JUNE 30, 2025. FORM 8621 IS NOT BEING FILED, PURSUANT TO IRS GUIDANCE SET FORTH IN REG. SEC. 1.1291-1 (E). true SCHOLARSHIPS/FINANCIAL AID 75 2817431 FMV FINANCIAL AID SCHEDULE I, PART I, LINE 2 PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS: ASHEVILLE SCHOOL TRACKS DISTRIBUTIONS FROM THE FUNDS THAT ARE SPECIFICALLY RESTRICTED FOR A DESIGNATED PURPOSE AND COMPARES IT TO FUNDS AWARDED TO STUDENTS TO ENSURE THERE ARE NO VIOLATIONS OF DONOR INTENT. A SPREADSHEET IS ALSO KEPT DETAILING EACH STUDENT TO RECEIVE A SCHOLARSHIP, ALONG WITH THEIR GRADE AND AMOUNT AWARDED. X X X true true X X X X X false true false false false false false false false ANTHONY SGRO HEAD OF SCHOOL 420923 0 120128 34500 23065 598616 0 BETH MCWILLIAMS CFOO 115492 0 22175 12000 38930 188597 0 ASHLY MAAG DIRECTOR OF ADVANCEMENT 160382 0 0 16490 14889 191761 0 JONATHAN SCHWAB ASSOCIATE HEAD OF SCHOOL 124373 0 0 13574 34579 172526 0 SCOTT MILLER SCHOOL COUNSELOR 121083 0 0 12103 66432 199618 0 SHANNON CARMACK ASSOCIATE DIR OF ADMISSION 80480 0 22500 9140 77569 189689 0 ARCH MONTGOMERY FORMER HEAD OF SCHOOL 0 0 141419 0 0 141419 141419 SCHEDULE J, PART I, LINE 4B FORMER HEAD OF SCHOOL ARCH MONTGOMERY RECEIVED A PAYOUT OF HIS 457(F) RETIRMENT PLAN DURING THE 2024 CALENDAR YEAR. A NC CAPITAL FACILITIES FINANCE AGENCY 561592154 2014-10-16 7185000 CAPITAL EXPENDITURES true false false A 5515000 595000 7185000 0 0 0 112885 0 0 7072115 0 0 2004 true false true true A false false false false 0 true false false false A false false false false false false 0 false 0 false false A false X 9 133189 FMV X EXERCISE EQUIPMENT 1 3000 FMV false true true SCHEDULE M, PART I, COLUMN (B) COLUMN B REPORTS THE NUMBER OF CONTRIBUTIONS. SCHEDULE M, PART I, LINE 32B ASHEVILLE SCHOOL USES UBS FINANCIAL SERVICES AS A THIRD PARTY TO SELL DONATED STOCK. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY INDEPENDENT ACCOUNTANTS, REVIEWED BY THE AUDIT COMMITTEE, AND THEN REVIEWED BY THE ENTIRE BOARD OF TRUSTEES PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C IN THE EVENT THERE SHOULD ARISE AN ACTUAL OR POTENTIAL CONFLICT BETWEEN THE INTEREST OF THE SCHOOL AND THE INTEREST OF THE TRUSTEE OR MEMBER OF THE ADMINISTRATION, THEN THE TRUSTEE OR MEMBER OF THE ADMINISTRATION INVOLVED MUST DISCLOSE THE EXISTENCE OF THE CONFLICT OR POSSIBLE CONFLICT TO THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES AND TO THE HEAD OF SCHOOL. FORM 990, PART VI, SECTION B, LINE 15A THE HEAD OF SCHOOL'S COMPENSATION IS SET BY THE BOARD'S COMPENSATION COMMITTEE WITH COMPARABILITY DATA INCLUDING BENCHMARK DATA FROM THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS (NAIS), THE DATA REPORTED IN SIMILAR SCHOOLS' FORM 990'S, AND SEARCH CONSULTANT'S FEEDBACK. COMPENSATION OF OFFICERS AND KEY EMPLOYEES IS DETERMINED BY THE HEAD OF SCHOOL WHO USES BENCHMARK DATA FROM THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS (NAIS) AND OTHER SIMILAR SCHOOLS' FORM 990'S, AND SALARY SURVEY DATA FOUND ON VARIOUS SALARY WEBSITES. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC VIA THE OFFICE OF THE CHIEF FINANCIAL AND OPERATIONS OFFICER. A PUBLIC INSPECTION COPY OF FORM 990 IS ALSO AVAILABLE AT GUIDESTAR.ORG. FORM 990, PART XI, LINE 9 $6,813,398 CHANGE IN NET ASSETS INCLUDES PRIOR YEAR BAD DEBT, HURRICANE DAMAGE REPAIRS AND RELIEF EFFORTS, SETTLEMENTS AND CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS.