2026-05-08T13:53:53+00:00 2025-06-30 440160260 Forvis Mazars LLP One Oak Plaza Suite 300 Asheville NC 28801 990 2024-07-01 560125490 Carolina Day School Inc CARO 8282740757 1345 Hendersonville Road Asheville NC 28803 Ben Farrell Interim Head of School 8282740757 2026-05-08 true Amy Bibby P00445891 8282542254 2026-05-07 2024 2025-03-06 01:10:19Z Ben Farrell 1345 Hendersonville Road Asheville NC 28803 28091767 false X WWW.CAROLINADAY.ORG X 1936 NC PROVIDING EDUCATIONAL SERVICES TO THE COMMUNITY. 18 17 274 400 0 2442312 4574300 20330457 21235430 629438 967194 119755 34360 23521962 26811284 3249531 3432047 0 0 13464812 14598651 0 0 762744 5076775 5731904 21791118 23762602 1730844 3048682 35721901 40303785 6267505 7679712 29454396 32624073 To inspire students to become innovative thinkers who communicate with intelligence and clarity, create with vision and purpose, and act with courage and compassion to confidently make a meaningful difference in the world. false false 20068951 3432047 21235430 CAROLINA DAY SCHOOL IS A MODEL OF ACADEMIC EXCELLENCE, A LEADER IN CURRICULAR INNOVATION, AND IS AN ACCREDITED, CO-EDUCATIONAL, SECULAR, INDEPENDENT DAY SCHOOL. IN THE 2024-25 SCHOOL YEAR, 598 STUDENTS ENROLLED IN PRE-KINDERGARTEN THROUGH GRADE 12. CAROLINA DAY SCHOOL DELIVERS A RICH, DIFFERENTIATED, PERSONALLY RIGOROUS, WHOLE-CHILD ACADEMIC EXPERIENCE THAT FOSTERS ACCELERATED LEARNING, AND PROVIDES SUPPORTS WHEN NECESSARY TO ACADEMICALLY CAPABLE, MOTIVATED AND INQUISITIVE STUDENTS. EXPERIENTIAL, DEEP LEARNING IS HALLMARK TO THE PROGRAM. EXCEPTIONAL FACULTY DEEPLY KNOW THEIR STUDENTS, WHO DISTINGUISH THEMSELVES NOT ONLY ACADEMICALLY, BUT ALSO ARTISTICALLY, ATHLETICALLY, AND SOCIALLY IN A COMMUNITY BUILT ON TRUST, INTEGRITY, AND KINDNESS. THE KEY SCHOOL, ESTABLISHED IN 1997, IS A DIVISION OF CAROLINA DAY SCHOOL. THE KEY SCHOOL PROVIDES EDUCATIONAL OPPORTUNITIES FOR BRIGHT STUDENTS WITH LANGUAGE-BASED LEARNING DIFFERENCES. THE KEY SCHOOL'S TEACHER TRAINING PROGRAM IS ACCREDITED BY THE INTERNATIONAL MULTISENSORY STRUCTURED LANGUAGE EDUCATION COUNCIL, THE ACADEMY OF ORTON- GILLINGHAM PRACTITIONERS AND EDUCATORS, AND THE INTERNATIONAL DYSLEXIA ASSOCIATION. 20068951 true true false false false false false false false true true false false false true true false true true false false false false false true false false false true true false false false false false false false false false true false false false false false true true false false false true 98 0 true 274 true false false false false true true true true false false false false false false X 18 17 false false false false false false false true true false false false true true true true true true true false false false X X Ben Farrell 8282740758 1345 Hendersonville Road Asheville NC 28803 ANN GOOSMANN SECRETARY 5.0 X X 0 0 0 BARRY JOHNSON VICE CHAIR 5.0 X X 0 0 0 JENNIFER BOCK BOARD CHAIR 5.0 X X 0 0 0 TOM HUNTER FINANCIE CHAIR/TREASURER 5.0 X X 0 0 0 DIANE FOURTON TRUSTEE 2.0 X 0 0 0 ELIZABETH FLYNN TRUSTEE 2.0 X 0 0 0 ELIZABETH MAILANDER TRUSTEE 2.0 X 0 0 0 EMILY ROBERTS TRUSTEE/CHAIR-ELECT 2.0 X 0 0 0 HEATHER HANKS TRUSTEE 2.0 X 0 0 0 HILARY THOMAS TRUSTEE 2.0 X 0 0 0 HIMANSHU KARVIR TRUSTEE 2.0 X 0 0 0 KEMPER BROWN TRUSTEE 2.0 X 0 0 0 KRISTI GOODRUM TRUSTEE 2.0 X 0 0 0 MARK KIISS TRUSTEE 2.0 X 0 0 0 MATTHEW LAZENBY TRUSTEE 2.0 X 0 0 0 RANDALL RICHARDSON TRUSTEE 2.0 X 0 0 0 STEFANIE UPHAM TRUSTEE 2.0 X 0 0 0 TIM MITROVICH TRUSTEE 2.0 X 0 0 0 BRETT FUHRMAN HEAD OF SCHOOL 50.0 X 513429 0 42654 AIMEE PUMAREJO DIAZ DIRECTOR OF OPERATIONS 40.0 X 115935 0 10516 DIANE MILNER KEY SCHOOL PRINCIPAL 40.0 X 135190 0 18121 ELAINE KREUZ DIR. OF ADVANCEMENT 40.0 X 181257 0 24490 LAUREN EVANS PRE-K - 8 PRINCIPAL 40.0 X 143747 0 22491 TAUNI BUTTERFIELD ATHLETICS DIRECTOR 40.0 X 143366 0 26646 STEPHANIE WHITNEY FORMER HEAD OF SCHOOL 50.0 X 162500 0 0 1395424 0 144918 10 true true false BEVERLY-GRANT INC 70 Peachtree Rd Asheville NC 28803 CONSTRUCTION 3741970 GEOSURFACES SOUTHEAST INC 150 River Park Rd Mooresville NC 28117 TURF INSTALLATION 674500 LEGERTON ARCHITECTURE 21 N Liberty St Asheville NC 28801 ARCHITECTS 536763 ELECTRONIC OFFICE 1400 Sweeten Creek Rd Asheville NC 28803 MANAGED IT SERVICES 307434 YOUNG OFFICE 300 Ridgefield Ct Asheville NC 28806 FURNITURE INSTALLATION 249456 12 294000 4280300 11839 4574300 Tuition and Fees 611710 21235430 21235430 0 0 0 0 21235430 509594 509594 20950 20950 0 20950 20950 291409 1388000 1221809 291409 166191 457600 457600 55852 294000 58674 -2822 -2822 Miscellaneous Income 900099 16232 16232 0 0 0 0 16232 26811284 21235430 0 1001554 3432047 3432047 513429 513429 9978318 8338342 1164862 475114 553707 448492 80450 24765 2827101 2354267 336640 136194 726096 594653 98151 33292 59054 59054 62179 62179 37635 37635 784009 479073 304345 591 54584 53209 1375 679738 553421 35887 90430 679768 642073 37695 687129 681938 5191 134789 134789 45218 32186 13032 84590 84590 1270289 1270289 126962 126962 Class Expenses 418478 418478 Other Educational Expenses 262058 262058 Miscellaneous 196843 193674 2186 983 Club Expenses 123010 123010 25571 25571 0 0 23762602 20068951 2930907 762744 1735909 717368 5928203 5867539 42600 531730 304462 468850 0 0 0 0 182003 110082 41916479 15653145 21645607 26263334 5633631 6081572 0 0 249486 263310 35721901 40303785 1135064 1653221 1315256 3293815 0 0 3564514 2463220 252671 269456 6267505 7679712 X 23681409 26798634 5772987 5825439 29454396 32624073 35721901 40303785 3048682 122936 -1941 0 X false true true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5710269 11677 623626 259000 6086572 5213897 103788 648584 256000 5710269 4937146 2173 529578 255000 5213897 6090632 11362 -929848 235000 4937146 4891521 4950 1409161 215000 6090632 0.2744 0.6261 0.0995 false false 5159505 5159505 21519346 10682868 10836478 118684 118684 0 3167356 2459487 707869 11951588 2392106 9559482 26263334 Federal Income Taxes Lease Liability 269456 269456 X 0 0 0 0 0 0 0 0 0 0 0 0 Schedule D, Part V, Line 4 Intended uses of endowment funds THE ORGANIZATION UTILIZES DISTRIBUTIONS FROM ENDOWMENT FUNDS AS DIRECTED BY DONORS FOR A VARIETY OF PROGRAMS AND SERVICES OFFERED BY THE SCHOOL AS PART OF ITS EXEMPT PURPOSE. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The School is exempt from federal and state income taxes under Internal Revenue Code Section 501(c)(3) and the statutes of the State of North Carolina. Accordingly, no provision for income taxes is provided in the consolidated financial statements. The School's policy is to record a liability for any tax position taken that is beneficial to the School, including any related interest and penalties, when it is more likely than not the position taken by management with respect to a transaction or class of transactions will be overturned by a taxing authority upon examination. Management believes there are no such positions as of June 30, 2025 and, accordingly, no liability has been accrued. true true true true true true true false false false false false false false false false false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY CAROLINA DAY SCHOOL ADMINISTERS ITS ADMISSIONS, SCHOLARSHIP, ATHLETIC, PERSONNEL, AND OTHER PROGRAMS WITHOUT REGARD TO RACE, CREED, COLOR, NATIONAL OR ETHNIC ORIGIN. 2025 Share the Promise 202550 177800 24750 2658 3764 15557 11447 Horizons Event 147302 116200 31102 1131 13451 4200 6466 0 349852 294000 55852 3789 17215 19757 17913 58674 -2822 true Need-Based Financial Aid 172 3336875 Merit Scholarships 20 75250 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds FINANCIAL AID IS AWARDED BASED ON FINANCIAL NEED AS DETERMINED THROUGH ANALYSIS BY CLARITY, BALANCED WITH FUNDS AVAILABLE. MERIT SCHOLARSHIPS ARE AWARDED TO STUDENTS BASED ON ACADEMIC ACHIEVEMENT. STUDENTS CAN CONTINUE TO RECEIVE THE AWARD EACH YEAR UNTIL GRADUATION AS LONG AS THEY MEET QUALIFICATIONS. X true true X X true false false false false false false false false STEPHANIE WHITNEY FORMER HEAD OF SCHOOL 162500 0 0 0 0 0 0 0 0 0 162500 0 0 0 BRETT FUHRMAN HEAD OF SCHOOL 361779 0 0 0 151650 0 25097 0 17557 0 556083 0 0 0 ELAINE KREUZ DIR. OF ADVANCEMENT 181257 0 0 0 0 0 10270 0 14220 0 205747 0 0 0 TAUNI BUTTERFIELD ATHLETICS DIRECTOR 143366 0 0 0 0 0 7927 0 18719 0 170012 0 0 0 LAUREN EVANS PRE-K - 8 PRINCIPAL 143747 0 0 0 0 0 8193 0 14298 0 166238 0 0 0 DIANE MILNER KEY SCHOOL PRINCIPAL 135190 0 0 0 0 0 7605 0 10516 0 153311 0 0 0 Schedule J, Part I, Line 1a Housing allowance or residence for personal use THE HEAD OF SCHOOL RECEIVES AN ANNUAL HOUSING ALLOWANCE FOR THEIR RESPONSIBILITIES AS HEAD OF SCHOOL. THE HOUSING ALLOWANCE IS INCLUDED AS TAXABLE INCOME ON THEIR W-2. Schedule J, Part I, Line 4a Severance or change-of-control payment A severance payment of $162,500 was made to the former head of school, Stephanie Whitney. Electronic Office Board Member Kemper Brown is CEO 307434 Payment for outsourced IT services by Electronic Office false Form 990, Part VI, Line 18 RECENT FILINGS OF THE FORM 990 ARE AVAILABLE UPON REQUEST AND ONLINE AT WWW.GUIDESTAR.ORG. Form 990, Part VI, Line 11b Review of form 990 by governing body THE 990 WAS REVIEWED IN DEPTH BY THE AUDIT COMMITTEE WITH ASSISTANCE OF THE TAX PREPARER AND THEN PROVIDED TO THE ENTIRE VOTING BOARD, PRIOR TO THE RETURN'S FILING WITH THE IRS. Form 990, Part VI, Line 12c Conflict of interest policy ALL BOARD MEMBERS ARE REQUIRED TO SIGN AN ANNUAL CONFLICT OF INTEREST POLICY. Management MONITORS TRANSACTIONS FOR THE SCHOOL TO IDENTIFY ANY POTENTIAL CONFLICTS OF INTEREST. Form 990, Part VI, Line 15a Process to establish compensation of top management official COMPENSATION FOR THE HEAD OF SCHOOL/PRESIDENT IS DETERMINED BY A COMPENSATION COMMITTEE WHO OBTAIN COMPARABLE DATA FROM SIMILAR SCHOOLS. COMPENSATION FOR THE ASSOCIATE HEAD OF SCHOOL/VICE-PRESIDENT IS DETERMINED BY THE HEAD OF SCHOOL WHO USES COMPARABLE DATA FROM SIMILAR SCHOOLS. Form 990, Part VI, Line 19 Required documents available to the public THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY AVAILABLE UPON REQUEST. Form 990, Part XII, Line 2c THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. Key Learning Center 1345 Hendersonville Rd Asheville NC 28803 461603644 Education/Professional Dev. NC 501(c)(3) 7 Carolina Day School Inc true false false false false false false false false false false false false false true true false false false false