2025-02-14T08:28:22-06:00 2024-03-31 882730877 CHERRY BEKAERT ADVISORY LLC 110 EAST COURT STREET SUITE 500 GREENVILLE SC 29601 990 2023-04-01 560857708 NORTH CAROLINA OUTWARD BOUND SCHOOL NORT 8282993366 2582 RICEVILLE ROAD ASHEVILLE NC 28805 LAURA BEA ARMSTRONG EXECUTIVE DIRECTOR 8282993366 2025-02-11 1 1 MELANIE MCPEAK P01346034 8642333981 2023 2025-03-06 01:10:19Z LAURA BEA ARMSTRONG 2582 RICEVILLE ROAD ASHEVILLE NC 28805 10422266 0 X WWW.NCOBS.ORG X 1966 NC TO CHANGE LIVES THROUGH CHALLENGE AND DISCOVERY. 27 27 172 30 0 0 1417999 2673524 3502040 4191882 852793 1473234 32475 99787 5805307 8438427 823689 1639208 0 0 3709634 3898919 0 0 226340 2484258 2700632 7017581 8238759 -1212274 199668 27327733 29276824 2722173 2527568 24605560 26749256 TO CHANGE LIVES THROUGH CHALLENGE AND DISCOVERY. 0 0 6411339 1639208 4191882 THE SCHOOL CONTINUED TO BUILD BACK PROGRAM REVENUE IN 2023 AMIDST CHANGES IN DEMAND FOR LONGER COURSES. OPEN ENROLLMENT COURSES SERVED 399 STUDENTS WITH 5,799 PARTICIPATION DAYS. GROUP EDUCATION PROGRAMS SERVED 1,087 STUDENTS WITH 4,930 PARTICIPATION DAYS. VETERANS PROGRAMS SERVED 150 STUDENTS WITH 880 PARTICIPATION DAYS. OUTWARD BOUND PROFESSIONAL PROGRAMS SERVED 645 STUDENTS WITH 865 PARTICIPATION DAYS. 6411339 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 39 0 1 172 1 0 0 0 0 0 0 0 0 0 0 0 0 X 27 27 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 0 0 NC X LAURA BEA ARMSTRONG 8282993366 2582 RICEVILLE ROAD ASHEVILLE NC 28805 REV JANET HATFIELD LEGRO BOARD CHAIR 2.00 0.00 X X 0 0 0 DAVID HARDY BOARD VICE-CHAIR 2.00 0.00 X X 0 0 0 MITCHELL BREIT BOARD SECRETARY 2.00 0.00 X X 0 0 0 ROBERT M SCHWARTZBERG BOARD TREASURER 2.00 0.00 X X 0 0 0 CHARLES BAKER DIRECTOR 2.00 0.00 X 0 0 0 WILLIAM BARNHARDT DIRECTOR 2.00 0.00 X 0 0 0 AMOS BEASON DIRECTOR 2.00 0.00 X 0 0 0 JAMES BELIKOVE DIRECTOR 2.00 0.00 X 0 0 0 ANN BROCK PRATER DIRECTOR 2.00 0.00 X 0 0 0 BOBBY BUCKLEY DIRECTOR 2.00 0.00 X 0 0 0 SUSAN BUCKLEY DIRECTOR 2.00 0.00 X 0 0 0 JOHN BUFORD DIRECTOR 2.00 0.00 X 0 0 0 AMY CLIMER DIRECTOR 2.00 0.00 X 0 0 0 DAN CROCKER DIRECTOR 2.00 0.00 X 0 0 0 SONJI JACOBS DIRECTOR 2.00 0.00 X 0 0 0 SCOTT LANDIS DIRECTOR 2.00 0.00 X 0 0 0 DANIEL LEROY DIRECTOR 2.00 0.00 X 0 0 0 SCOTT PURITZ DIRECTOR 2.00 0.00 X 0 0 0 MEGG RADER DIRECTOR 2.00 0.00 X 0 0 0 JAY ROBERTS DIRECTOR 2.00 0.00 X 0 0 0 L KENT SATTERFIELD DIRECTOR 2.00 0.00 X 0 0 0 LEIGH SCHELL DIRECTOR 2.00 0.00 X 0 0 0 ROSA VERDEJA DIRECTOR 2.00 0.00 X 0 0 0 NATHANIEL VISH DIRECTOR 2.00 0.00 X 0 0 0 MITCHELL WICKHAM DIRECTOR 2.00 0.00 X 0 0 0 PATRICIA WILSON DIRECTOR 2.00 0.00 X 0 0 0 PATRICIA WOODSON DIRECTOR 2.00 0.00 X 0 0 0 LAURA BEA ARMSTRONG EXECUTIVE DIRECTOR 40.00 0.00 X 165576 0 1721 JAN LETENDRE CFO 20.00 0.00 X 108767 0 0 BILL MURRAY COO 32.00 0.00 X 101853 0 897 376196 0 2618 3 0 1 0 OUTWARD BOUND SERVICES GROUP 1133 ROUTE 55 STE 10 LAGRANGEVILLE NY 12540 SALES/MARKETING, OPEN ENROLL WEBSITE 209189 1 2673524 519507 2673524 TUITION/SCHOLARSHIPS 611600 4190032 4190032 CANCELLATION INSURANCE 611600 1850 1850 4191882 690746 690746 2766327 1983836 3 782491 -3 782488 782488 INSURANCE PROCEEDS 900099 68219 68219 CREDIT CARD REBATES 900099 31129 31129 MISCELLANEOUS REVENUE 900099 439 439 99787 8438427 4191882 0 1573021 1639208 1639208 376843 60004 283117 33722 2992041 2410484 475161 106396 32884 8225 24659 249760 194030 41641 14089 247391 180488 56405 10498 57408 43056 14352 62497 62497 250169 180617 57533 12019 45379 10183 4246 30950 69680 30713 33347 5620 130265 62565 59000 8700 268062 213362 54315 385 232027 217685 11054 3288 50611 37958 12653 274826 203596 71230 209008 167207 41801 CHARTER AND OTHER FEES 308506 63988 244518 SUPPLIES 295028 295028 REPAIRS AND MAINTENANCE 176485 156398 20087 USER FEES 82874 82874 187807 153670 33464 673 8238759 6411339 1601080 226340 563668 337107 12584 2988660 609126 849399 47374 59348 69096 95997 136159 45804 8229564 5470893 2933730 2758671 22454553 21632066 305201 302760 179796 169696 16446 37316 27327733 29276824 585432 502080 664402 691534 1410973 1275282 61366 58672 2722173 2527568 X 1933122 1841462 22672438 24907794 24605560 26749256 27327733 29276824 199668 1944028 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 18544080 516447 3028512 989073 21099966 20996893 33432 -1453412 1032833 18544080 21387849 60228 592205 1043389 20996893 16481192 140255 5675230 908828 21387849 17889390 979694 -1036775 1351117 16481192 0.00000 1.00000 0.00000 0 0 269806 269806 5274301 3840606 1433695 1741620 795206 946414 943837 835081 108756 2758671 CAPITAL LEASE OBLIGATIONS 58672 58672 X 8680750 1944028 -1639208 304820 8375930 62497 62497 8438427 6537054 0 6537054 62497 1639208 1701705 8238759 PART V, LINE 4: THE SCHOOL'S ENDOWMENTS CONSIST OF APPROXIMATELY 45 INDIVIDUAL FUNDS ESTABLISHED IN PERPETUITY MOSTLY FOR THE BENEFIT OF SCHOLARSHIPS, STAFF DEVELOPMENT AND UNRESTRICTED OPERATING FUNDS. THE PERCENTAGE REPORTED FOR PERMANENT ENDOWMENTS INCLUDES AMOUNTS THAT MUST BE MAINTAINED IN PERPETUITY AS WELL AS ACCUMULATED EARNINGS ON SUCH AMOUNTS THAT HAVE NOT YET BEEN APPROPRIATED FOR EXPENDITURE. PART X, LINE 2: THE SCHOOL IS AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS OTHER THAN A PRIVATE FOUNDATION. IT IS THE SCHOOL'S POLICY TO EVALUATE ALL TAX POSITIONS TO IDENTIFY ANY THAT MAY BE CONSIDERED UNCERTAIN. ALL IDENTIFIED MATERIAL TAX POSITIONS ARE ASSESSED AND MEASURED BY A MORE LIKELY THAN NOT THRESHOLD TO DETERMINE IF THE TAX POSITION IS UNCERTAIN, AND WHAT, IF ANY, EFFECT THE UNCERTAIN TAX POSITION MAY HAVE ON THE FINANCIAL STATEMENTS. NO MATERIAL UNCERTAIN TAX POSITIONS WERE IDENTIFIED FOR TAX YEARS 2024 OR 2023. CURRENTLY, THE STATUTE OF LIMITATIONS REMAINS OPEN SUBSEQUENT TO AND INCLUDING TAX YEAR 2020; HOWEVER, NO EXAMINATIONS ARE IN PROCESS OR ANTICIPATED. ANY CHANGES IN THE AMOUNT OF A TAX POSITION WILL BE RECOGNIZED IN THE PERIOD THE CHANGE OCCURS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS IN THE FORM OF TUITION REDUCTION -1,639,208. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS IN THE FORM OF TUITION REDUCTION 1,639,208. 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 NORTH CAROLINA OUTWARD BOUND SCHOOL ("NCOBS") RACIALLY NON-DISCRIMINATORY POLICY IS PUBLISHED IN NUMEROUS LOCATIONS, WHICH INCLUDES THE NCOBS WEBSITE, OFFICIAL NCOBS SOCIAL MEDIA, THE NCOBS ANNUAL REPORT, AND IN NCOBS BROCHURES. SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 1 6 PROGRAM SERVICES OUTDOOR EXPERIENTIAL EDUCATION 95940 1 6 0 0 1 6 95940 0 95940 0 0 0 0 0 0 PART I, LINE 3: AMOUNTS REPORTED IN PART I ARE BASED ON THE ACCRUAL METHOD OF ACCOUNTING. 1 SCHOLARSHIPS 835 1639208 BOOK TUITION REDUCTION PART I, LINE 2: THE SCHOOL HAS A SCHOLARSHIP COMMITTEE THAT DETERMINES HOW MUCH CAN BE GRANTED TO EACH SCHOLARSHIP APPLICANT. ONCE APPROVED, THE FUNDS ARE APPLIED DIRECTLY TO THE COURSE REVENUE FOR EACH SCHOLARSHIP GRANTED. BECAUSE THE SCHOLARSHIP IS IN THE FORM OF A REDUCTION OF TUITION CHARGED, THERE IS NO NEED TO MONITOR THE USE OF THE FUNDS ONCE THEY HAVE BEEN GRANTED. X 0 0 0 0 0 0 0 0 0 LAURA BEA ARMSTRONG EXECUTIVE DIRECTOR 165576 0 0 0 0 0 1523 0 198 0 167297 0 0 0 X 6 519507 FMV 0 0 0 0 PART I, COLUMN (B): NUMBER REPRESENTS NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION B, LINE 11B THE CFO AND THE AUDIT COMMITTEE REVIEW THE RETURN PRIOR TO PROVIDING A COPY TO THE BOARD AND FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY BY REQUIRING BOARD MEMBERS AND MANAGEMENT EMPLOYEES TO SIGN AND TURN IN A COPY OF THE CONFLICT OF INTEREST POLICY ANNUALLY. ALSO, ANY PAYMENTS OR REIMBURSEMENTS MADE TO BOARD MEMBERS AND MANAGERS ARE MONITORED TO BE SURE THEY ARE LEGITIMATE, UNBIASED, AND FREE FROM POTENTIAL CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A EXECUTIVE DIRECTOR COMPENSATION IS DETERMINED BY THE BOARD AND KEY EMPLOYEES AND TOP MANAGEMENT COMPENSATION IS DETERMINED BY THE EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION C, LINE 19 NC OUTWARD BOUND SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC IN ITS HANDBOOK AND UPON REQUEST BY THE PUBLIC.