2026-02-13T07:57:26-06:00 2025-06-30 561965804 THOMAS JUDY & TUCKER PA 4700 FALLS OF NEUSE ROAD SUITE 400 RALEIGH NC 27609 990 2024-07-01 560812560 CAROLINA FRIENDS SCHOOL CARO 9193836602 4809 FRIENDS SCHOOL ROAD DURHAM NC 27705 KAREN CUMBERBATCH HEAD OF SCHOOL 9193836602 2026-02-13 1 0 KRISTEN HOYLE CPA P00118964 9195717055 2026-02-05 2024 2025-03-06 01:10:19Z KAREN CUMBERBATCH 4809 FRIENDS SCHOOL ROAD DURHAM NC 27705 17608159 0 X WWW.CFSNC.ORG X 1962 NC CAROLINA FRIENDS SCHOOL IS A VIBRANT AND INCLUSIVE LEARNING COMMUNITY EMPOWERING STUDENTS TO THINK CRITICALLY, CREATIVELY, AND INDEPENDENTLY. WE FOSTER ACTIVE EXPLORATION AND QUIET REFLECTION, INDIVIDUAL ENDEAVOR AND COLLABORATIVE ENGAGEMENT. INSPIRED BY QUAKER VALUES PURSUIT OF TRUTH, RESPECT FOR ALL, PEACEFUL RESOLUTION OF CONFLICT, SIMPLICITY, THE CALL TO SERVICE, WE TEACH OUR CHILDREN THAT IT IS POSSIBLE TO CHANGE THE WORLD. 20 17 340 75 0 0 945854 1862197 14537104 14650148 571067 1092590 0 395 16054025 17605330 2534215 2724693 0 0 11727946 12359180 0 0 488089 3598979 3448859 17861140 18532732 -1807115 -927402 46671754 46474296 10253871 10420708 36417883 36053588 X CAROLINA FRIENDS SCHOOL IS A VIBRANT AND INCLUSIVE LEARNING COMMUNITY EMPOWERING STUDENTS TO THINK CRITICALLY, CREATIVELY, AND INDEPENDENTLY. WE FOSTER ACTIVE EXPLORATION AND QUIET REFLECTION, INDIVIDUAL ENDEAVOR AND COLLABORATIVE ENGAGEMENT. INSPIRED BY QUAKER VALUES PURSUIT OF TRUTH, RESPECT FOR ALL, PEACEFUL RESOLUTION OF CONFLICT, SIMPLICITY, THE CALL TO SERVICE, WE TEACH OUR CHILDREN THAT IT IS POSSIBLE TO CHANGE THE WORLD. 0 0 14797964 2724693 13354307 PROVIDE EDUCATION TO STUDENTS FROM PRESCHOOL (3 YEARS OLD) THROUGH UPPER SCHOOL (12TH GRADE). AT CAROLINA FRIENDS SCHOOL, LEARNING IS DYNAMIC, EXPERIENTIAL, AND INTERACTIVE. STUDENTS ENCOUNTER OPEN-ENDED QUESTIONS, UNDERTAKE ORIGINAL PROJECTS OF REAL RELEVANCE, EXPLORE THE NATURAL WORLD, AND IMMERSE THEMSELVES IN SERVICE LEARNING. IN DOING SO, THEY BUILD IMPRESSIVE POWERS OF CRITICAL, CREATIVE, AND INDEPENDENT THINKING AND EXPRESSION. IT IS EXCEPTIONAL EDUCATION SHAPED BY A CLEAR SET OF BELIEFS, A COMMITMENT TO QUAKER VALUES, A LOVE OF CHILDREN, AND A SENSE OF HOPE FOR THE COMMUNITIES, LOCAL AND GLOBAL, THEY WILL SOON LEAD AND SERVE. AT THE END OF THE SCHOOL YEAR 2024/2025, THERE WERE 490 STUDENTS ENROLLED IN THE SCHOOL. 1535687 1296236 AUXILIARY SERVICES FOR CAROLINA FRIENDS SCHOOL INCLUDE AFTER-SCHOOL CARE, SUMMER PROGRAMS, AND ENRICHMENT PROGRAMS. IN ADDITION TO AUXILIARY SERVICES, EXPENSES INCLUDE THOSE SUPPORTING SPORTS PROGRAMS, LIBRARY SERVICES, AND SUPPORTING LEARNING NEEDS. AFTER-SCHOOL CARE IS OFFERED IN THE LOWER AND MIDDLE SCHOOLS UNTIL 5:45 PM EACH SCHOOL DAY. OUR SUMMER PROGRAMS OFFER A VARIETY OF WEEKLY CAMPS TO THE COMMUNITY. THE CAMPS ARE EXTREMELY SUCCESSFUL AND PROVIDE AN OUTREACH TO A WIDE VARIETY OF FAMILIES IN THE AREA. THERE WERE APPROXIMATELY 1,114 STUDENTS INVOLVED IN AUXILIARY ACTIVITIES IN SCHOOL YEAR 2024/2025. MANY STUDENTS ARE INVOLVED IN MORE THAN ONE ACTIVITY. ENRICHMENT PROGRAMS INCLUDE AFTER-SCHOOL "FUN SHOPS" IN ART, SCIENCE, SPORTS, AND MUSIC LESSONS. PEACEFUL SCHOOLS NC PROVIDES PROFESSIONAL DEVELOPMENT, CONSULTING, STUDENT PROGRAMS, AND FAMILY SUPPORT TO FOSTER POSITIVE RELATIONSHIPS IN SCHOOL COMMUNITIES SO THAT ALL MEMBERS CAN THRIVE. 16333651 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 1 54 0 340 1 0 0 0 0 0 0 0 0 0 0 0 0 X 20 17 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X X SOPHIE KNOTT 9193836602 4809 FRIENDS SCHOOL RD DURHAM NC 27705 JOHN RICHARDSON DIRECTOR 2.00 X 0 0 0 REBECCA PALMER DIRECTOR 2.00 X 0 0 0 MC RAGSDALE DIRECTOR 2.00 X 0 0 0 MARK KUHN BOARD CLERK 2.00 X X 0 0 0 MARGARET CAMPION DIRECTOR 2.00 X 0 0 0 LAURA YOUNG DIRECTOR 2.00 X 0 0 0 LAMANDA PRYOR DIRECTOR 2.00 X 0 0 0 TABITHA BLACKWELL DIRECTOR 2.00 X 0 0 0 SUSAN NEWCOMER DIRECTOR 2.00 X 0 0 0 IAN JENNINGS DIRECTOR 2.00 X 0 0 0 JILL TIKKUN DIRECTOR 2.00 X 0 0 0 ERIC GRAVES DIRECTOR 2.00 X 0 0 0 DAVID HAINES DIRECTOR 2.00 X 0 0 0 CORT BENNETT DIRECTOR 2.00 X 0 0 0 CINDY COVINGTON DIRECTOR 2.00 X 0 0 0 CHARI SMITH DIRECTOR 2.00 X 0 0 0 BILL O'CONNNOR BOARD SECRETARY 2.00 X X 0 0 0 ROCKY ANCONA DIRECTOR 2.00 X 0 0 0 SHEILAH THOMAS DIRECTOR 2.00 X 0 0 0 WAYNE HOLDEN DIRECTOR 2.00 X 0 0 0 ANNA FAATILIGA DIRECTOR OF FINANCE 40.00 X 85899 0 7955 KAREN CUMBERBATCH HEAD OF SCHOOL 40.00 X 257501 0 25557 JOHN SHARON ASSISTANT HEAD OF SCHOOL LEARNING 40.00 X 129086 0 20914 472486 0 54426 2 0 1 0 BEANSTALK BUILDERS PO BOX 8357 MORGANTON NC 28680 CONSTRUCTION 263500 1 1862197 738565 1862197 TUITION AND FEES 611110 13353912 13353912 AUXILIARY SERVICES 611110 1296236 1296236 14650148 662911 662911 432508 0 2829 432508 -2829 429679 429679 MISCELLANOUS 611110 395 395 395 17605330 14650543 0 1092590 2724693 2724693 633901 549709 63799 20393 8540175 7409078 853327 277770 414516 357931 44727 11858 2110950 1822787 227773 60390 659638 569591 71176 18871 33303 16297 14466 2540 44850 21948 19481 3421 62908 62908 476487 261723 200121 14643 768687 709151 39495 20041 191537 179549 10666 1322 181058 177436 3622 719052 702457 11065 5530 146715 138312 6542 1861 PLANT REPAIRS AND MAINT 497776 477713 16303 3760 DUES AND SUBSCRIPTIONS 135083 106431 18353 10299 PROFESSIONAL DEVELOPMEN 124352 104700 16791 2861 COMMUNICATIONS 64322 4145 30088 30089 2729 289 2440 18532732 16333651 1710992 488089 7855 905 6338372 4653921 29365 375557 117539 114735 218445 198958 23580027 9077826 14407299 14502201 23259312 24614100 2293567 2013919 46671754 46474296 868297 1039873 4998664 5105055 4386910 4275780 10253871 10420708 X 15676860 15579731 20741023 20473857 36417883 36053588 46671754 46474296 X -927402 735258 -172151 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 19138416 141007 1631459 2248665 18662217 18901864 111127 1590321 1464896 19138416 16867028 219767 1852081 37012 18901864 19268324 1234892 -3607720 28468 16867028 13051358 1026334 5204228 13596 19268324 0.12000 0.53000 0.35000 0 0 859291 859291 19573202 7351608 12221594 228307 216542 11765 777954 509278 268676 2141273 1000398 1140875 14502201 X 15383665 735258 2829 738087 14645578 62908 2896844 2959752 17605330 15747960 2829 2829 15745131 62908 2724693 2787601 18532732 PART X, LINE 2: THE SCHOOL ADOPTED THE PROVISIONS OF FASB ASC 740, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. UNDER THIS PROVISION, AN ORGANIZATION MUST RECOGNIZE THE TAX BENEFIT ASSOCIATED WITH TAX POSITIONS TAKEN FOR TAX RETURN PURPOSES WHEN IT IS MORE LIKELY THAN NOT THE POSITION WILL BE SUSTAINED. THE IMPLEMENTATION HAD NO IMPACT ON THE SCHOOL'S FINANCIAL STATEMENTS. THE SCHOOL DOES NOT BELIEVE THERE ARE ANY MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, IT WILL NOT RECOGNIZE ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. THE SCHOOL IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX YEARS IN PROGRESS. AT JUNE 30, 2025, THE SCHOOL HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL 2,829. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID, REPORTED NET OF TUITION ON FINANCIAL STATEMENTS 2,724,693. CHANGE IN VALUE OF TRUST 172,151. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL 2,829. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID, REPORTED NET OF TUITION ON FINANCIAL STATEMENTS 2,724,693. PART V, LINE 4 THE MAJORITY OF OUR ENDOWMENT IS FOR STAFF SALARIES AND TUITION AID FOR OUR STUDENTS. WE ALSO HAVE AN ENDOWMENT FOR MAINTENANCE, STAFF DEVELOPMENT, TECHNOLOGY, OUR YEAR END SERVICE PROJECTS, ATHLETICS AND ADVANCING OUR MISSION. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 WE USE OUR WEBSITE TO PROVIDE OUR NONDISCRIMINATORY POLICY TO THE GENERAL PUBLIC. 1 FINANCIAL AID ASSISTANCE TOWARDS THE COST OF ATTENDING CAROLINA FRIENDS SCHOOL 217 2724693 ACTUAL FINANCIAL AID AWARDED PARENTS APPLY FOR ADJUSTED TUITION BY SUBMITTING AN APPLICATION TO TADS, THE FINANCIAL AID ASSESSMENT PROVIDER WITH WHOM THE SCHOOL PARTNERS. CAROLINA FRIENDS SCHOOL USES THE TADS SYSTEM TO PROVIDE A FAIR ANALYSIS OF FINANCIAL DATA SUBMITTED BY PARENTS TO BE CONSIDERED FOR AN ADJUSTED TUITION. PARENTS PROVIDE INFORMATION AND DOCUMENTATION ABOUT THEIR FINANCIAL PROFILE. TADS ANALYZES AND VERIFIES THE DATA SUBMITTED AND MAKES A RECOMMENDATION FOR THE CONTRIBUTION THE APPLICANT FAMILY SHOULD BE ABLE TO MAKE TO THEIR CHILD(REN)'S EDUCATION. THE SCHOOL AWARDS UP TO 95% OF TUITION COSTS BASED ON THE FAMILY'S FINANCIAL PROFILE. THE ADJUSTED TUITION FOR EACH STUDENT RECEIVING A NEED-BASED TUITION DISCOUNT IS REFLECTED AS A NET AMOUNT ON THEIR ENROLLMENT CONTRACT AND THEIR BILLING ACCOUNT. PART I, LINE 2: PARENTS APPLY FOR ADJUSTED TUITION BY SUBMITTING AN APPLICATION TO TADS, THE FINANCIAL AID ASSESSMENT PROVIDER WITH WHOM THE SCHOOL PARTNERS. CAROLINA FRIENDS SCHOOL USES THE TADS SYSTEM TO PROVIDE A FAIR ANALYSIS OF FINANCIAL DATA SUBMITTED BY PARENTS TO BE CONSIDERED FOR AN ADJUSTED TUITION. PARENTS PROVIDE INFORMATION AND DOCUMENTATION ABOUT THEIR FINANCIAL PROFILE. TADS ANALYZES AND VERIFIES THE DATA SUBMITTED AND MAKES A RECOMMENDATION FOR THE CONTRIBUTION THE APPLICANT FAMILY SHOULD BE ABLE TO MAKE TO THEIR CHILD(REN)'S EDUCATION. THE SCHOOL AWARDS UP TO 95% OF TUITION COSTS BASED ON THE FAMILY'S FINANCIAL PROFILE. THE ADJUSTED TUITION FOR EACH STUDENT RECEIVING A NEED-BASED TUITION DISCOUNT IS REFLECTED AS A NET AMOUNT ON THEIR ENROLLMENT CONTRACT AND THEIR BILLING ACCOUNT. X X X X 0 0 0 0 0 0 0 0 0 KAREN CUMBERBATCH HEAD OF SCHOOL 257501 0 0 0 0 0 11551 0 14006 0 283058 0 0 0 PART I, LINE 3 THE HEAD OF SCHOOL'S PERFORMANCE IS REVIEWED ANNUALLY BY A BOARD COMMITTEE AND HER SALARY IS SET BY THE BOARD OF TRUSTEES WITH THE DELIBERATION NOTED IN THE BOARD'S MEETING MINUTES. PERIODICALLY THE BOARD COMMITTEE WILL REVIEW THE HEAD OF SCHOOL'S SALARY AGAINST BENCHMARKS (WITH PEER INSTITUTIONS, SOUTHERN ASSOCIATION OF INDEPENDENT SCHOOLS, AND FRIENDS COUNCIL ON EDUCATION PROVIDING BENCHMARK INFORMATION) FOR APPROPRIATENESS. FINAL DECISIONS ARE COMMUNICATED IN WRITING TO THE HEAD OF SCHOOL IN THE FORM OF A CONTRACT. BOARD MEMBERS ARE NOT COMPENSATED BY THE SCHOOL. A PUBLIC FINANCE AUTHORITY 273866124 74443DBL4 2016-10-01 5310000 FINANCE BOND ISSUANCE COSTS, REQUIRED RESERVE, BUILDINGS AND STRUCTURES 0 0 0 A 5310000 303406 260177 642650 0 0 0 0 A 1 0 0 0 0 0 A 0 TRUSTEES TRUSTEE'S CHILDREN RECEIVE FINANCIAL ASSISTANCE 46647 SCHOLARSHIP TUITION ASSISTANCE EMPLOYEE TUITION REMISSION EMPLOYEES CHILDREN RECEIVE TUITION REMISSION 915784 TUITION REMISSION TUITION ASSISTANCE TRUSTEE TRUSTEE WAS COMPENSATED FOR SUMMER TEACHING 800 WAGES TO TRUSTEE AS EMPLOYEE 0 X 15 738165 X PIANO 1 400 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 THE COMMUNITY WHERE THE ORGANIZATION IS LOCATED IS A SMALL TO MEDIUM SIZED COMMUNITY AND IN THE COURSE OF BUSINESS BOARD MEMBERS AND TRUSTEES MAY HAVE BUSINESS RELATIONSHIPS WITH EACH OTHER. TWO BOARD MEMBERS HAVE FAMILIAL RELATIONSHIPS WITH EMPLOYEES. ADDITIONALLY PETER AND MARTHA KLOPHER ARE BOARD MEMBERS THAT ARE MARRIED. FORM 990, PART VI, SECTION B, LINE 11B AN ELECTRONIC COPY OF THE FORM 990 RETURN IS SENT TO ALL BOARD OF TRUSTEE MEMBERS. THEY ARE ENCOURAGED TO REVIEW THE FORM 990 RETURN AND ARE GIVEN AN OPPORTUNITY TO ASK QUESTIONS PRIOR TO THE FILING OF THE 990. FORM 990, PART VI, SECTION B, LINE 12C BOARD OF TRUSTEE MEMBERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT AT THE FIRST BOARD MEETING OF THE SCHOOL YEAR. ANY POTENTIAL AREAS OF CONFLICT ARE REFLECTED ON THE SIGNED STATEMENT. EACH BOARD MEMBER IS RESPONSIBLE FOR IDENTIFYING ANY AREA HE/SHE THINKS MAY BE A CONFLICT OF INTEREST WHEN A TOPIC IS BROUGHT UP AT A BOARD MEETING OR A COMMITTEE MEETING. IF THE GROUP DETERMINES THERE MAY BE A CONFLICT OF INTEREST, THE MEMBER WILL EXCUSE HIM/HERSELF FROM THE DISCUSSION. FORM 990, PART VI, SECTION B, LINE 15A THE HEAD OF SCHOOL'S PERFORMANCE IS REVIEWED ANNUALLY BY A BOARD COMMITTEE AND HER SALARY IS SET BY THE BOARD OF TRUSTEES WITH THE DELIBERATION NOTED IN THE BOARD'S MEETING MINUTES. PERIODICALLY THE BOARD COMMITTEE WILL REVIEW THE HEAD OF SCHOOL'S SALARY AGAINST BENCHMARKS (WITH PEER INSTITUTIONS, SOUTHERN ASSOCIATION OF INDEPENDENT SCHOOLS, AND FRIENDS COUNCIL ON EDUCATION PROVIDING BENCHMARK INFORMATION) FOR APPROPRIATENESS. FINAL DECISIONS ARE COMMUNICATED IN WRITING TO THE HEAD OF SCHOOL IN THE FORM OF A CONTRACT. BOARD MEMBERS ARE NOT COMPENSATED BY THE SCHOOL. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS 990 AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS RESIDE IN THE OFFICE OF THE DIRECTOR OF FINANCE AND HUMAN RESOURCES. ANYONE INTERESTED IN THESE DOCUMENTS CAN SEE THEM BY APPOINTMENT WITH THE DIRECTOR OF FINANCE AND HUMAN RESOURCES. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF TRUST -172,151. FORM 990, PART XII, LINE2 C THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR.