2026-05-06T10:47:00-05:00 2025-06-30 410746749 CLIFTONLARSONALLEN LLP 14815 BALLANTYNE VILLAGE WAY SUITE 300 CHARLOTTE NC 28277 990 2024-07-01 560952382 PROVIDENCE DAY SCHOOL INC PROV 7048876000 5800 SARDIS ROAD CHARLOTTE NC 28270 KRISTEN KRAL ASST HEAD OF SCH FOR FINANCE 7048876000 2026-05-05 1 1 KATHRINE A WARLICK P02065266 7049985200 2026-05-04 2024 2025-03-06 01:10:19Z GLYN COWLISHAW 5800 SARDIS ROAD CHARLOTTE NC 28270 73119931 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 RESPONSIBILTY. AS A LEADING TK-12 INDEPENDENT SCHOOL, PROVIDENCE DAY SCHOOL IS KNOWN FOR ITS INNOVATIVE APPROACH AND FOCUS ON GLOBAL STUDIES, AS ONE OF JUST SIX SCHOOLS NATIONWIDE TO OFFER A GLOBAL STUDIES DIPLOMA AND A ROUND SQUARE SCHOOL; FOR ITS EMPHASIS ON SOCIAL RESPONSIBILITY, PROUD TO BE A PRIVATE SCHOOL WITH A PUBLIC PURPOSE, INCLUDING DOZENS OF COMMUNITY PARTNERSHIPS AND ITS UNIQUE FREEDOM SCHOOL SITE; FOR ITS COMMITMENT TO EDUCATION IN SCIENCE AND TECHNOLOGY, AND THE APPLICATION OF INNOVATION TO TEACHING; FOR ITS ACCOMPLISHED SCHOLAR-ATHLETES, WHO WIN STATE AND LOCAL CHAMPIONSHIPS AND GO ON TO DIVISION 1 TEAMS AND PRO LEAGUES INCLUDING THE NBA, WNBA, AND MLS; AND FOR ITS DEEP FOCUS ON THE ARTS, DOMINATING REGIONAL AND STATEWIDE HONORS. THE SCHOOL'S GREATEST STRENGTH IS ITS FACULTY, WHO SERVE AS NATIONAL AP READERS AND HOLD 101 MASTER'S DEGR 18 18 640 750 0 0 8618574 7395413 60350099 64323691 1181895 1022187 6240 149345 70156808 72890636 4443436 4751335 0 0 40906832 42364619 0 0 2013717 15380000 16476070 60730268 63592024 9426540 9298612 154538973 165663876 71937285 70736460 82601688 94927416 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 51920545 4751335 60325954 PROVIDENCE DAY SCHOOL IS KNOWN FOR ITS INNOVATIVE APPROACH AND FOCUS ON GLOBAL STUDIES, AS ONE OF JUST SIX SCHOOLS NATIONWIDE TO OFFER A GLOBAL STUDIES DIPLOMA AND A ROUND SQUARE SCHOOL; FOR ITS EMPHASIS ON SOCIAL RESPONSIBILITY, PROUD TO BE A PRIVATE SCHOOL WITH A PUBLIC PURPOSE, INCLUDING DOZENS OF COMMUNITY PARTNERSHIPS AND ITS UNIQUE FREEDOM SCHOOL SITE; FOR ITS COMMITMENT TO EDUCATION IN SCIENCE AND TECHNOLOGY, AND THE APPLICATION OF INNOVATION TO TEACHING; FOR ITS ACCOMPLISHED SCHOLAR-ATHLETES, WHO WIN STATE AND LOCAL CHAMPIONSHIPS AND GO ON TO DIVISION 1 TEAMS AND PRO LEAGUES INCLUDING THE NBA, WNBA, AND MLS; AND FOR ITS DEEP FOCUS ON THE ARTS, DOMINATING REGIONAL AND STATEWIDE HONORS. THE SCHOOL'S GREATEST STRENGTH IS ITS FACULTY, WHO SERVE AS NATIONAL AP READERS AND HOLD 101 MASTER'S DEGREES AND 15 PH.DS; THEIR ACCOLADES RANGE FROM A REGIONAL EMMY TO A NEWBERY HONOR BOOK AWARD TO AN AMERICAN GEOGRAPHICAL SOCIETY TEACHER FELLOWSHIP. 1054849 0 1509895 FOR 30 YEARS, PROVIDENCE DAY HAS HELPED CHILDREN GROW STRONG THROUGH SUMMER CAMP OPPORTUNITIES IN SPORTS, ACADEMICS, ART, TECHNOLOGY, AND MORE. THE SUMMER PROGRAM IS OPEN TO THE PUBLIC. 1095917 0 1701320 THE EXTENDED DAY PROGRAM, A NATIONALLY RECOGNIZED AFTER-SCHOOL PROGRAM, FOR THE LOWER SCHOOL STUDENTS OF PROVIDENCE DAY SCHOOL. THE EXTENDED DAY PROGRAM PROVIDES AN ENRICHING EXPERIENCE FOR PROVIDENCE DAY SCHOOL'S LOWER SCHOOL STUDENTS. TEACHERS ACTIVELY PROMOTE EACH CHILD'S SOCIAL, EMOTIONAL, AND PHYSICAL DEVELOPMENT THROUGH NURTURING RELATIONSHIPS, FLEXIBLE SCHEDULING, AND CHOICES THAT REFLECT EACH CHILD'S INDIVIDUAL NEEDS, INTERESTS, AND ABILITIES.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. 1387243 0 786522 OTHER PROGRAMS INCLUDE MORNING AND AFTERNOON BUS TRANSPORTATION, SPIRIT STORE, FACILITY RENTALS AND THE OPERATIONS OF OUR PARENTS ASSOCIATION AND CHARGER BOOSTER CLUB. 1387243 0 786522 55458554 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 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 105 0 1 640 1 0 0 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NC X KRISTEN KRAL 7048876014 5800 SARDIS LANE CHARLOTTE NC 28270 JIM RATCHFORD CHAIR 5.00 X X 0 0 0 COLLIN RICKS JR VICE-CHAIR 5.00 X X 0 0 0 TAREQ AMIN TREASURER 5.00 X X 0 0 0 ED HENEGAR SECRETARY 5.00 X X 0 0 0 AMY BOHL TRUSTEE 5.00 X 0 0 0 CHRISTOPHER CAMPBELL TRUSTEE 5.00 X 0 0 0 MOHAMMAD DAHER TRUSTEE 5.00 X 0 0 0 SOPHIA PAIGE FEEMSTER TRUSTEE 5.00 X 0 0 0 JOHN GRAY TRUSTEE 5.00 X 0 0 0 CHARLES GRIGG TRUSTEE 5.00 X 0 0 0 CHAD HAGLER TRUSTEE 5.00 X 0 0 0 JOY HORD TRUSTEE 5.00 X 0 0 0 COREY LEE TRUSTEE 5.00 X 0 0 0 ELISSA MOORE TRUSTEE 5.00 X 0 0 0 JILLIAN PALASH TRUSTEE 5.00 X 0 0 0 SUNITA PRZYBYLO TRUSTEE 5.00 X 0 0 0 BENJAMIN SLOOP TRUSTEE 5.00 X 0 0 0 EDWARD YU TRUSTEE 5.00 X 0 0 0 GLYN COWLISHAW HEAD OF SCHOOL 70.00 X 721400 0 47085 KRISTEN KRAL AHS FOR FINANCE & RISK MGM 55.00 X 329198 0 11675 MICHAEL MAGNO ASSOCIATE HEAD OF SCHOOL 55.00 X 256067 0 36816 JEFF APPEL ASST. HEAD OF SCHOOL FOR I 55.00 X 334991 0 44333 TODD SWARTZ ASST. HEAD OF SCHOOL FOR H 55.00 X 258527 0 40698 LISA KNIGHT ADMISSIONS DIRECTOR 55.00 X 187264 0 19719 TYRONE JEAN DIRECTOR OF EIB 55.00 X 158598 0 14300 ERIN FERRELL LOWER SCHOOL DIRECTOR 55.00 X 174122 0 36552 NANCY BEATTY ATHLETIC DIRECTOR 55.00 X 178339 0 26681 BRANNON TAPPY DIRECTOR OF MIDDLE SCHOOL 55.00 X 151568 0 22181 JOHN GRIER ATHLETIC COACH 55.00 X 142662 0 32079 MATT SCULLY DIRECTOR OF TECHNOLOGY 55.00 X 147619 0 12805 3040355 0 344924 44 0 1 0 EDISON FORD P O BOX 19888 CHARLOTTE NC 28219 GENERAL CONTRACTOR LABOR AND MATERIAL 8826827 MCGUIRE WOODS 800 E CANAL STREET RICHMOND VA 23219 LEGAL SERVICES 440021 FLIK PO BOX 417632 BOSTON MA 02241 CATERING LABOR, FOOD AND BEVERAGES 373541 LITTLE ARCHITECTS 615 SOUTH COLLEGE ST CHARLOTTE NC 28202 ARCHITECT 285421 4 238063 7157350 218225 7395413 TUITION AND FEES 611600 60326234 60326234 EXTENDED DAY PROGRAMS 611710 1701320 1701320 SUMMER SCHOOL 611710 1509895 1509895 TRANSPORTATION 611710 304348 304348 SCHOOL STORE 611710 185463 185463 296431 296431 64323691 1034510 1034510 73892 0 73892 73892 73892 12323 -12323 -12323 -12323 292425 238063 216972 75453 75453 72890636 64323691 0 1171532 4751335 4751335 2577438 862889 1314932 399617 28082579 25390093 2184438 508048 1395031 1310992 72014 12025 8166264 7468570 556395 141299 2143307 1943220 157805 42282 282439 204002 69351 9086 8175 3958 2296 1921 128542 62234 36104 30204 266565 88250 138310 40005 919178 794546 94592 30040 1031669 837683 85039 108947 938511 811258 96582 30671 888 888 1249605 1093405 93720 62480 3656678 3199593 274251 182834 460395 397970 47379 15046 INSTRUCTIONAL EXPENSE 2999441 2999441 LEASE EXPENSE 1303574 941555 320084 41935 ATHLETIC EXPENSE 545794 545794 ACTIVITIES EXPENSE 488337 488337 2196279 1262541 576461 357277 63592024 55458554 6119753 2013717 27082031 38047350 3621875 1019862 5684402 8257676 531096 367034 199683 157217 998836 842807 127862507 46840480 75692230 81022027 38489931 33727687 2238889 2222216 154538973 165663876 4373387 3113663 24769680 26282391 39323063 37558744 3471155 3781662 71937285 70736460 X 61251163 66540663 21350525 28386753 82601688 94927416 154538973 165663876 X 9298612 3237062 -209946 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 24863548 1012219 3087008 294641 28668134 21366134 1137731 2606014 246139 192 24863548 21251147 422454 -38435 269032 21366134 22047699 629473 -1130959 295066 21251147 15434509 1804227 4998368 189405 22047699 0.42810 0.35830 0.21360 1 0 4727734 4727734 72642453 26816937 45825516 10101837 9760742 341095 40390483 10262801 30127682 81022027 FFTC BENEFICIAL INTEREST IN ASSETS ENDOWMENT 28668130 F AMERITRADE 162420 F VALUATION OF INTEREST SWAP 986107 F SHORT-TERM INVESTMENTS 1951156 F 457 DEFERRED COMPENSATION PLAN ASSETS 1959874 F 33727687 LEASE LIABILITY 1940970 DEFERRED PLAN COMPENSATION 1840692 3781662 X 71383389 3237062 -4961281 -1724219 73107608 -216972 -216972 72890636 59057661 216972 216972 58840689 4751335 4751335 63592024 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 IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. 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, 2025 OR 2024. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE DERIVATIVE INSTRUMENT -201,937. CASH SURRENDER VALUE LIFE INS -8,009. FINANCIAL ASSISTANCE -4,751,335. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -216,972. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 216,972. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL ASSISTANCE 4,751,335. 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 AND IN ALL ADMISSIONS MATERIAL. SPRING PARTY- AUCTION 414609 169949 244660 29930 96168 12166 PDGA GOLF TOURNAMENT 61145 35014 26131 1798 24332 1626 1 54734 33100 21634 37993 12959 530488 238063 292425 31728 24332 96168 37993 26751 216972 75453 PER NC STATE LAW, A NONPROFIT ORGANIZATION MY CONDUCT UP TO 5 RAFFLE EVENTS PER YEAR WITHOUT A LICENSE. NA NA 1 FINANCIAL AID 242 4751335 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 X 1 1 X X X X X X 0 1 0 0 0 0 0 0 0 GLYN COWLISHAW HEAD OF SCHOOL 706232 0 0 0 15168 0 17250 0 29835 0 768485 0 0 0 JEFF APPEL ASST. HEAD OF SCHOOL FOR I 324551 0 0 0 10440 0 16448 0 27885 0 379324 0 0 0 KRISTEN KRAL AHS FOR FINANCE & RISK MGM 318758 0 0 0 10440 0 9000 0 2675 0 340873 0 0 0 TODD SWARTZ ASST. HEAD OF SCHOOL FOR H 249191 0 0 0 9336 0 12750 0 27948 0 299225 0 0 0 MICHAEL MAGNO ASSOCIATE HEAD OF SCHOOL 254291 0 0 0 1776 0 9000 0 27816 0 292883 0 0 0 ERIN FERRELL LOWER SCHOOL DIRECTOR 173244 0 0 0 878 0 9017 0 27535 0 210674 0 0 0 LISA KNIGHT ADMISSIONS DIRECTOR 185815 0 0 0 1449 0 5728 0 13991 0 206983 0 0 0 NANCY BEATTY ATHLETIC DIRECTOR 175361 0 0 0 2978 0 9050 0 17631 0 205020 0 0 0 JOHN GRIER ATHLETIC COACH 140879 0 0 0 1783 0 7431 0 24648 0 174741 0 0 0 BRANNON TAPPY DIRECTOR OF MIDDLE SCHOOL 150673 0 0 0 895 0 10767 0 11414 0 173749 0 0 0 TYRONE JEAN DIRECTOR OF EIB 157843 0 0 0 755 0 8160 0 6140 0 172898 0 0 0 MATT SCULLY DIRECTOR OF TECHNOLOGY 146599 0 0 0 1020 0 0 0 12805 0 160424 0 0 0 PART I, LINE 1A ALL PER HEAD OF SCHOOL EMPLOYMENT AGREEMENT. ALL EMPLOYEES RECEIVE GROSS UP PAYMENTS FOR LTD INSURANCE BENEFITS. IN ADDITION $19,790 IN CLUB DUES WERE PAID ON BEHALF OF THE HEAD OF SCHOOL. PART I, LINE 1B SCHOOL EXPENSES PAID DIRECTLY TO THE VENDOR. HOS HOUSE IS USED PRIMARILY FOR SCHOOL PURPOSES. PART I, LINE 3 THE HOS EMPLOYMENT AGREEMENT WAS SIGNED IN 2022. COMPENSATION WAS DETERMINED AFTER A STUDY BY AN OUTSIDE THIRD PARTY. ANNUAL INCREASES ARE BASED ON THE BOARD APPROVED SCHOOL WIDE BASE SALARY INCREASE. PART I, LINE 4B GLYN COWLISHAW $93,259 457F PLAN CONTRIBUTION A PUBLIC FINANCE AUTHORITY 273866124 2016-06-15 13300000 EDUCATIONAL FACILITIES IMPROVEMENTS 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 A 273866124 2022-06-17 20000000 EDUCATIONAL FACILITIES CONTRUCTION AND IMPROVEMENT 0 0 0 A 2415908 13300000 13300000 2018 0 0 1 1 B 2167604 11850988 237019 11613969 1 0 1 1 C 2446210 20000000 156000 19844000 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 A 0 1 0 0 1 1 SUN TRUST BANK 21.000000000000 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 A 1 B 1 C 1 4183500 TUITION REMISSION QUALIFIED TUITION REMISSION PROGRAM FOR TEACHERS AND EMPLOYEES 12467 TUITION ASSISTANCE EDUCATIONAL ASSISTANCE OFFERED TO EMPLOYEES X AUCTION ITEMS FOR SPRING PARTY 332 202725 FMV X CUSTOM AWARDS 19 15500 FMV 0 0 0 0 PART I, COLUMN (B): THE ORGANIZATION HAS REPORTED THE NUMBER OF ITEMS CONTRIBUTED. 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), COMPARISON TO PRIVATE AND PUBLIC SCHOOLS ARE 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. THIS PROCESS IS COMPLETED ANNUALLY. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2025. 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: CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE -8,009. CHANGE IN VALUE DERIVATIVE INSTRUMENT -201,937. FORM 990, PART XII, LINE 2C: THE AUDIT COMMITTEE'S PROCESS OF EVALUATION HAS NOT CHANGED SINCE PRIOR YEAR.