2024-05-10T11:59:01-05:00 2023-06-30 561434747 GREERWALKER LLP 227 WEST TRADE ST SUITE 1100 CHARLOTTE NC 28202 990 2022-07-01 560952382 PROVIDENCE DAY SCHOOL INC PROV 7048876014 5800 SARDIS ROAD CHARLOTTE NC 28270 KRISTEN KRAL ASST HEAD OF SCH-FINANCE & RIS 7048876014 2024-05-10 1 KRISTEN KRAL 999009999 0 PAULA P TILLEY P00051456 7043770239 2024-05-10 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z GLYN COWLISHAW 5800 SARDIS ROAD CHARLOTTE NC 28270 59933797 0 X WWW.PROVIDENCEDAY.ORG X 1971 NC PROVIDENCE DAY SCHOOL EXISTS TO INSPIRE IN ITS STUDENTS A PASSION FOR LEARNING, A COMMITMENT TO PERSONAL INTEGRITY, AND A SENSE OF SOCIAL RESPONSIBILITY. THE SCHOOL IS COMMITTED TO DEVELOPING STUDENT LEADERS WHO HAVE THE NECESSARY KNOWLEDGE, SKILLS AND CHARACTER TRAITS TO SUCCEED IN THE 21ST CENTURY GLOBAL ENVIRONMENT. 17 17 680 750 0 0 2335389 2251365 53136830 56652019 29905 515785 361501 276886 55863625 59696055 4685680 4228223 0 0 35312682 38175923 0 0 2679168 12723274 15048357 52721636 57452503 3141989 2243552 127803587 140239161 61139584 70399947 66664003 69839214 X PROVIDENCE DAY SCHOOL EXISTS TO INSPIRE IN ITS STUDENTS A PASSION FOR LEARNING, A COMMITMENT TO PERSONAL INTEGRITY, AND A SENSE OF SOCIAL RESPONSIBILITY. THE SCHOOL IS COMMITTED TO DEVELOPING STUDENT LEADERS WHO HAVE THE NECESSARY KNOWLEDGE, SKILLS AND CHARACTER TRAITS TO SUCCEED IN THE 21ST CENTURY GLOBAL ENVIRONMENT. 0 0 46348138 4228223 52165412 PROVIDENCE DAY SCHOOL IS AN INDEPENDENT TRANSITIONAL KINDERGARTEN (TK) THROUGH GRADE 12 COLLEGE PREPARATORY SCHOOL LOCATED IN SOUTHEAST CHARLOTTE ON A 46 ACRE CAMPUS. THE SCHOOL IS A MEMBER OF ROUND SQUARE INTERNATIONAL, NETWORK OF COMPLIMENTARY SCHOOLS , GEBG AND IS ACCREDITED BY THE SOUTHERN ASSOCIATION OF INDEPENDENT SCHOOLS. 1035765 1282793 SUMMER AT PROVIDENCE DAY OFFERS FULL- AND HALF-DAY PROGRAMS IN ACADEMICS, ART, SCIENCE, CULTURE, TECHNOLOGY, SPORTS, AND MORE. THE SUMMER PROGRAM IS OPEN TO THE PUBLIC. 1137490 1408779 THE EXTENDED DAY PROGRAM, A NATIONALLY RECOGNIZED AFTER-SCHOOL PROGRAM, FOR THE LOWER SCHOOL STUDENTS OF PROVIDENCE DAY SCHOOL. THE PROGRAM OPENS AFTER SCHOOL, ON TEACHER WORKDAYS AND MOST SCHOOL HOLIDAYS WITH ACTIVITY CHOICES THAT RANGE FROM ART, COOKING, GARDENING, SEWING AND SPORTS AS WELL AS OVER 20 WEEKLY ENRICHMENT PROGRAMS. 1449365 1795035 1449365 1795035 49970758 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 116 0 1 680 1 0 0 0 0 0 1 1 1 1 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X MS KRISTEN KRAL 7048876014 5800 SARDIS ROAD CHARLOTTE NC 28270 KIMBERLY PAULK BOARD CHAIR 5.00 X X 0 0 0 NANCY DOWNING BOARD VICE CHAIR 5.00 X X 0 0 0 ROBERT ZIEGLER BOARD TREASURER 5.00 X X 0 0 0 LYNN REEVES BOARD SECRETARY 5.00 X X 0 0 0 RAJNISH BHARADWAJ TRUSTEE 5.00 X 0 0 0 CHAD HAGLER TRUSTEE 5.00 X 0 0 0 REV MATTHEW HEYD TRUSTEE 5.00 X 0 0 0 JOY HORD TRUSTEE 5.00 X 0 0 0 SUNITA PRZYBYLO TRUSTEE 5.00 X 0 0 0 JIM RATCHFORD TRUSTEE 5.00 X 0 0 0 EDWARD YU TRUSTEE 5.00 X 0 0 0 SOPHIA PAIGE FEEMSTER TRUSTEE 5.00 X 0 0 0 COLLIN RICKS TRUSTEE 5.00 X 0 0 0 MOE DAHER TRUSTEE 5.00 X 0 0 0 CHRIS CAMPEBELL TRUSTEE 5.00 X 0 0 0 TAREQ AMIN TRUSTEE 5.00 X 0 0 0 GLYN COWLISHAW HEAD OF SCHOOL 70.00 X 667968 0 125387 KRISTEN KRAL ASSISTANT HEAD OF SCHOOL - FINANCE 55.00 X 294685 0 14818 JEFF APPEL ASSOCIATE HEAD OF SCHOOL - IA 55.00 X 310934 0 30855 TODD SWARTZ ASSISTANT HEAD OF SCHOOL - HR 55.00 X 240241 0 27034 MICHAEL MAGNO ASSISTANT HEAD OF SCHOOL - ACADEMICS 55.00 X 218695 0 83651 ERIN FERRELL LOWER SCHOOL DIRECTOR 55.00 X 156531 0 43035 ERIC HEDINGER UPPER SCHOOL DIRECTOR 55.00 X 154754 0 46119 LISA KNIGHT ADMISSIONS DIRECTOR 55.00 X 173583 0 10153 NANCY BEATTY DIRECTOR OF ATHLETICS 55.00 X 159387 0 13598 MATT SCULLY TECHNOLOGY DIRECTOR 55.00 X 138844 0 2240 LEE TAPPY MIDDLE SCHOOL DIRECTOR 55.00 X 135519 0 130249 CHAD GRIER FOOTBALL COACH 55.00 X 132315 0 21745 SAUNDRA ROBBINS ATHLETIC TEACHER 55.00 X 128908 0 13104 2912364 0 561988 13 0 1 0 EDISON FORD CONSTRUCTION SERVICES INC PO BOX 19888 CHARLOTTE NC 282190888 GENERAL CONTRACTOR 3971723 LITTLE DIVERSIFIED ARCHITECTURAL CONSULT 615 SOUTH COLLEGE STREET SUITE 160 CHARLOTTE NC 28202 ARCHITECT 794329 FLIKCOMPASS GROUP USA PO BOX 417632 BOSTON MA 022417632 CATERING SERVICES 340391 ACRO DEVELOPMENT SERVICES 601 SOUTH CEDAR STREET SUITE 101 CHARLOTTE NC 28202 CIVIL ENGINEER 158769 ADP PO BOX 842875 BOSTON MA 02284 PAYROLL PROCESSING 126294 5 123000 2128365 300741 2251365 TUITION AND FEES 611600 52165412 52165412 EXTENDED DAY PROGRAMS 611710 1408779 1408779 SUMMER SCHOOL 611710 1282793 1282793 TRANSPORTATION 611710 246926 246926 SCHOOL STORE 611710 188947 188947 1359162 1359162 56652019 515785 515785 37730 0 37730 37730 37730 435398 123000 206567 228831 228831 41500 31175 10325 10325 59696055 56652019 0 792671 4228223 4228223 1942430 263014 1349370 330046 25531160 23270834 1395102 865224 1323403 1131968 134417 57018 7416674 6343829 753305 319540 1962256 1678409 199305 84542 133615 113388 2222 18005 67650 57409 1125 9116 81962 69554 1363 11045 238717 202579 3969 32169 490205 415996 8151 66058 415073 352237 6902 55934 1633111 1443192 156021 33898 1748 1483 29 236 1074972 920222 107801 46949 2816900 2411386 282486 123028 330743 286201 30941 13601 STUDENT AUXILIARY ACTIV 2146161 1466009 292618 387534 ACTIVITIES EXPENSE 1071701 1071701 0 0 LEASE EXPENSE 1015146 861469 16880 136797 EDUCATIONAL PROGRAMMING 998609 998609 0 0 2532044 2383046 60570 88428 57452503 49970758 4802577 2679168 33226966 27364190 11365474 1018561 567069 516249 673486 516362 272890 242285 844567 710634 104963245 39790842 58713563 65172403 21838043 43293216 301529 1405261 127803587 140239161 2769861 3180969 22873156 23853734 35496567 34036878 0 9328366 61139584 70399947 X 58973794 62283971 7690209 7555243 66664003 69839214 127803587 140239161 X 2243552 100948 830711 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 21251147 422454 -38435 269032 21366134 22047699 629473 -1130959 295066 21251147 15434509 1804227 4998368 189405 22047699 15160383 528450 -115180 139144 15434509 14080161 1057067 186025 162870 15160383 0.69800 0.22271 0.07929 1 0 4727734 4727734 71996862 23113805 48883057 9103868 8380201 723667 19134781 8296836 10837945 65172403 FFTC BENEFICIAL INTEREST IN ASSETS ENDOWMENT 21366134 F AMERITRADE 134968 F VALUATION OF INTEREST SWAP 971498 F SHORT-TERM INVESTMENTS 19488620 F 457 DEFERRED COMPENSATION PLAN ASSETS 1331996 F 43293216 LEASE LIABILITY 1103655 DEFERRED PLAN COMPENSATION 1224711 2022 BOND PAYABLE ADD DRAW 7000000 9328366 X 56536285 1068452 1068452 55467833 4228223 4228223 59696056 53462021 237741 237741 53224280 4228223 4228223 57452503 PART V, LINE 4: THE SPENDABLE EARNINGS FROM THE ENDOWMENT FUNDS ARE USED FOR THE FOLLOWING: STUDENT FINANCIAL AID, SOCIAL RESPONSIBILITY, DIVERSITY AND INCLUSION AND FACULTY ENRICHMENT. PART X, LINE 2: THE ORGANIZATION RECORDS LIABILITIES FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN WHEN THOSE POSITIONS ARE DEEMED UNCERTAIN TO BE UPHELD IN AN EXAMINATION BY TAXING AUTHORITIES. NO LIABILITIES FOR UNCERTAIN INCOME TAX POSITIONS WERE RECORDED AS OF JUNE 30, 2023 AND 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED GAIN ON INVESTMENTS 329,151. UNREALIZED GAIN ON INTEREST RATE CONTRACT 501,483. INCREASE IN CASH SURRENDER VALUE OF LIFE INSURANCE 77. FUNDRAISING EVENT EXPENSES 237,741. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 4,228,223. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES 237,741. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 4,228,223. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL'S NON-DISCRIMINATORY POLICY IS POSTED ON ITS WEBSITE. PA SPRING PARTY 440137 48500 391637 55626 14644 30123 1951 35983 PA FALL FEST 65570 42500 23070 1282 4400 34803 2 52691 32000 20691 4322 20041 807 2585 558398 123000 435398 59948 34685 32212 6351 73371 206567 228831 41500 31175 1 0.02000 41500 31175 31175 10325 NC 0 PER NC STATE LAW, A NONPROFIT ORGANIZATION MAY CONDUCT UP TO 5 RAFFLE EVENTS PER YEAR WITHOUT A LICENSE. 0 0 0 0 0 1 FINANCIAL AID 230 4228223 PART I, LINE 2: THE ORGANIZATION OFFERS FINANCIAL ASSISTANCE TO QUALIFIED STUDENTS ON THE BASIS OF THE DEMONSTRATED FINANCIAL NEED OF THE FAMILY AND THE AVAILABILITY OF FUNDS. ALL STUDENTS (TK-12TH GRADES) ARE ELIGIBLE TO APPLY FOR FINANCIAL AID. THE ORGANIZATION IS A MEMBER OF THE SCHOOL AND STUDENT SERVICE FOR FINANCIAL AID (SSS), WHICH ASSISTS INDEPENDENT SCHOOLS IN DETERMINING FINANCIAL NEED. THE SSS USES THE PARENT'S FINANCIAL STATEMENT (PFS) TO COMPUTE A REPORT OF FAMILY COMPUTATION (RFC) FOR EACH FAMILY. THIS SYSTEM CONSIDERS GROSS TAXABLE INCOME AND NON-TAXABLE INCOME, ASSETS, LIABILITIES, FAMILY SIZE AND THE NUMBER OF STUDENTS IN TUITION CHARGING SCHOOLS OR COLLEGES. AFTER AN ALLOWANCE FOR BASIC LIVING EXPENSES AND TAXES, THE REMAINING FUNDS ARE CONSIDERED TO BE DISCRETIONARY INCOME, A PORTION OF WHICH IS AVAILABLE FOR EDUCATION. THE RFC IS USED AS A GUIDELINE IN MAKING FINANCIAL ASSISTANCE DECISIONS. FINANCIAL ASSISTANCE IS NEED-BASED; AWARDS WILL NOT EXCEED THE FAMILY'S DEMONSTRATED NEED. X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 GLYN COWLISHAW HEAD OF SCHOOL 667968 0 0 0 0 0 98357 0 27030 0 793355 0 0 0 JEFF APPEL ASSOCIATE HEAD OF SCHOOL - IA 310934 0 0 0 0 0 14862 0 15993 0 341789 0 0 0 KRISTEN KRAL ASSISTANT HEAD OF SCHOOL - FINANCE 294685 0 0 0 0 0 14125 0 693 0 309503 0 0 0 MICHAEL MAGNO ASSISTANT HEAD OF SCHOOL - ACADEMICS 218695 0 0 0 0 0 9000 0 74651 0 302346 0 0 0 TODD SWARTZ ASSISTANT HEAD OF SCHOOL - HR 240241 0 0 0 0 0 11625 0 15409 0 267275 0 0 0 LEE TAPPY MIDDLE SCHOOL DIRECTOR 135519 0 0 0 0 0 9625 0 120624 0 265768 0 0 0 ERIC HEDINGER UPPER SCHOOL DIRECTOR 154754 0 0 0 0 0 8027 0 38092 0 200873 0 0 0 ERIN FERRELL LOWER SCHOOL DIRECTOR 156531 0 0 0 0 0 8084 0 34951 0 199566 0 0 0 LISA KNIGHT ADMISSIONS DIRECTOR 173583 0 0 0 0 0 5175 0 4978 0 183736 0 0 0 NANCY BEATTY DIRECTOR OF ATHLETICS 159387 0 0 0 0 0 8139 0 5459 0 172985 0 0 0 CHAD GRIER FOOTBALL COACH 132315 0 0 0 0 0 6479 0 15266 0 154060 0 0 0 PART I, LINE 1A HEALTH OR SOCIAL CLUB DUES: $4,740 IN CLUB DUES PAID ON BEHALF OF HEAD OF SCHOOL. A PUBLIC FINANCE AUTHORITY 273866124 2016-06-15 13300000 EDUCATIONAL FACILITIES IMPROVEMENT 0 0 0 B PUBLIC FINANCE AUTHORITY 273866124 2020-11-30 11850988 EDUCATIONAL FACILITIES REVENUE BOND REFUNDING PRIOR ISSUE DATED 9/23/2010 0 0 0 C PUBLIC FINANCE AUTHORITY 273866124 2022-06-17 13000000 EDUCATIONAL FACILITIES CONSTRUCTION AND IMPROVEMENT 0 0 0 D PUBLIC FINANCE AUTHORITY 273866124 2023-06-05 7000000 EDUCATIONAL FACILITIES CONSTRUCTION AND IMPROVEMENT 0 0 0 A 1670890 13300000 374887 13300000 2018 0 0 1 1 B 1173219 11850988 237019 11613969 1 0 1 1 C 650000 13000000 156000 12844000 0 0 1 1 D 7000000 7000000 0 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 D 0 0 0 0 0 0 1 A 0 1 0 0 1 1 SUN TRUST BANK 30.000000000000 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 C 0 1 0 0 0 0 0 0 1 D 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 D 1 59240 TUITION ASSISTANCE QUALIFIED TUITION REMISSION PROGRAM FOR TEACHERS AND EMPLOYEES X 6 55534 FAIR MARKET VALUE X PA EVENTS 273 219123 FAIR MARKET VALUE X PDS GOLF CLASSIC 13 16378 FAIR MARKET VALUE X CHARGER CLUB GOLF TOURNEY 11 8350 FAIR MARKET VALUE X OTHER 4 1356 FAIR MARKET VALUE 0 0 1 PART I, LINE 32B: THE ORGANIZATION USES MORGAN STANLEY WEALTH MANAGEMENT TO SELL STOCK DONATIONS THAT IT RECEIVES DURING THE YEAR. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF FORM 990 WAS PROVIDED TO THE ORGANIZATION'S GOVERNING BODY FOR REVIEW PRIOR TO FILING. THE FORM 990 IS SIGNED BY THE ASSISTANT HEAD OF SCHOOL - FINANCE AND RISK MANAGEMENT. FORM 990, PART VI, SECTION B, LINE 12C PROVIDENCE DAY SCHOOL MAINTAINS A WRITTEN CONFLICT OF INTEREST POLICY. EACH TRUSTEE AND EMPLOYEE IS REQUIRED TO CERTIFY HIS COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY EACH YEAR. THE BOARD REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 COMPARABLE DATA FROM 49 SCHOOLS THAT ARE SUBSTANTIALLY THE SAME (INDEX) IS USED IN DETERMINING COMPENSATION. THE BOARD USES COMPARABLE DATA FOR COMPENSATION FOR THE HEAD OF SCHOOL. THE HEAD OF SCHOOL USES THE DATA FOR COMPENSATION OF MANAGEMENT AND KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: DECREASE IN CASH SURRENDER VALUE OF LIFE INSURANCE 77. UNREALIZED LOSS ON INVESTMENTS 329,151. UNREALIZED GAIN ON INTEREST RATE CONTRACT 501,483. FORM 990, PART XI, LINE 2C, AUDIT COMMITTEE: THE AUDIT COMMITTEE'S PROCESS OF EVALUATION HAS NOT CHANGED SINCE PRIOR YEAR.