2024-04-11T11:47:59-05:00 2023-06-30 561434747 GREERWALKER LLP 227 WEST TRADE ST SUITE 1100 CHARLOTTE NC 28202 990 2022-07-01 561340099 THE FLETCHER SCHOOL INC FLET 7043654658 8500 SARDIS ROAD CHARLOTTE NC 28270 ARI HAUSMAN DIR. OF FINANCE AND OPERATIONS 7043654658 2024-04-07 1 ARI HAUSMAN 999009999 0 PAULA P TILLEY P00051456 7043770239 2024-04-07 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z TARA TERRY 8500 SARDIS ROAD CHARLOTTE NC 28270 11969220 0 X WWW.THEFLETCHERSCHOOL.ORG X 1982 NC TO OPERATE A K-12 COLLEGE PREPARATORY SCHOOL FOR CHILDREN WITH SPECIFIC LEARNING DISABILITIES AND/OR ADHD. 17 17 133 130 0 0 537533 2312427 8724264 9037695 81299 396625 0 0 9343096 11746747 350213 376350 0 0 6799974 7024083 0 0 502975 2356247 2647534 9506434 10047967 -163338 1698780 32973110 36532227 14630145 15773849 18342965 20758378 THE FLETCHER SCHOOL EMPOWERS STUDENTS WITH LEARNING DIFFERENCES TO ACHIEVE BRIGHT FUTURES BY OFFERING AN INDIVIDUALIZED, MULTISENSORY, COLLEGE PREPARATORY CURRICULUM THAT PREPARES THEM TO REACH THEIR FULL POTENTIAL. 0 0 7267521 376350 9037695 TO PROVIDE EDUCATION TO CHILDREN WITH LEARNING DISABILITIES IN A HEALTHY ENVIRONMENT THAT FOSTERS PHYSICAL AND MENTAL GROWTH. 7267521 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 0 0 0 0 0 0 0 0 0 0 0 0 0 1 29 0 133 1 0 0 0 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 1 0 1 0 0 X ARI HAUSMAN 7043654658 8500 SARDIS ROAD CHARLOTTE NC 28270 JOHN PORTER CHAIR 1.50 X X 0 0 0 SCOTT STEVENS TRUSTEE 0.50 X 0 0 0 MICHAEL KAHN AT-LARGE TRUSTEE 0.50 X X 0 0 0 RICK BANGE TRUSTEE 0.50 X 0 0 0 JAMAL DAWKINS CHAIR-ELECT 0.50 X X 0 0 0 WILL HADLEY TRUSTEE 0.50 X 0 0 0 BARRETT KOLLME TRUSTEE 0.50 X 0 0 0 MARGARET RAINEY TRUSTEE 0.50 X 0 0 0 MARY SHELTON ROSE TRUSTEE 0.50 X 0 0 0 LESLEY SHULL SECRETARY 0.50 X X 0 0 0 CECIL STODGHILL TRUSTEE 0.50 X 0 0 0 SUSANNE TODD TRUSTEE 0.50 X 0 0 0 AL WELCH TREASURER 0.50 X X 0 0 0 ROBERT YOUAKIM TRUSTEE 0.50 X 0 0 0 CECI ROBINSON TRUSTEE 0.50 X 0 0 0 KAREN PARKER TRUSTEE 0.50 X 0 0 0 JAMES BULLOCK TRUSTEE 0.50 X 0 0 0 BRIAN HEDGEPETH TRUSTEE 0.50 X 0 0 0 JENNIFER MCAULEY TRUSTEE 0.50 X 0 0 0 FRITZ SMITH TRUSTEE 0.50 X 0 0 0 KIMBERLY LAW OUTGOING DIR. OF FINANCE & OPERATIONS 40.00 X 148371 0 13593 ARI HAUSMAN INCOMING DIR. OF FINANCE & OPERATIONS 40.00 X 3932 0 874 TARA TERRY INCOMING HEAD OF SCHOOL 40.00 X 95062 0 4653 JENNIFER BROST DIRECTOR OF ADVANCEMENT 40.00 X 104416 0 11836 ARCH MCINTOSH OUTGOING HEAD OF SCHOOL 40.00 X 151167 0 6258 502948 0 37214 3 1 1 0 0 2312427 2312427 TUITION 611710 8303729 8303729 AFTER SCHOOL & ATHLETICS 611710 218492 218492 OTHER FEES 611710 185853 185853 LUNCH 611710 158563 158563 RANKIN INSTITUTE REVENUE 611710 90120 90120 80938 80938 9037695 321551 321551 280000 17547 222473 0 57527 17547 75074 75074 11746747 9037695 0 396625 376350 376350 518313 104131 308965 105217 5211956 3885492 1275457 51007 195976 147142 47180 1654 682289 484543 184537 13209 415549 290591 114200 10758 3977 3977 26100 26100 20517 20517 14120 14120 81485 81485 23585 18869 3538 1178 279849 223880 47574 8395 176745 141396 30047 5302 603146 482517 102535 18094 44386 35509 8877 INSTRUCTIONAL SUPPLIES 240029 240029 LUNCH EXPENSE 166837 166837 COMPUTERS AND SUPPLIES 156576 109603 31315 15658 RANKIN EXPENSES 140111 140111 670071 339036 58532 272503 10047967 7267521 2277471 502975 2361498 2665350 184732 167843 763401 2259810 6619450 7385811 103705 107853 17756248 7132978 10786851 10623270 12137617 12925703 15856 396587 32973110 36532227 534265 705382 7321260 8129364 6593778 6565038 180842 374065 14630145 15773849 X 17736488 18534862 606477 2223516 18342965 20758378 32973110 36532227 1698780 716633 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 320424 10000 35021 14719 350726 382035 -48037 13574 320424 313145 78411 9521 382035 258105 50000 10212 5172 313145 250000 8105 258105 1.00000 0 0 1695545 1695545 14782809 5991334 8791475 770682 644825 125857 507212 496819 10393 10623270 X 11776060 688192 -658879 29313 11746747 0 11746747 9360647 0 9360647 687320 687320 10047967 PART V, LINE 4: THE ENDOWMENT FUND IS INTENDED PRIMARILY FOR FINANCIAL AID. PART X, LINE 2: THE FLETCHER SCHOOL 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, 2023 AND 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN FAIR VALUE OF DERIVATIVE 28,441. SCHOLARSHIPS -376,350. LUNCH EXPENSES -166,837. GAIN ON SALE OF FIXED ASSETS -17,547. RECLASSED INVESTMENT EXPENSES -20,517. PLEDGE DISCOUNT EXPENSE -106,069. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIP EXPENSE 376,350. LUNCH EXPENSES 166,837. GAIN ON SALE OF FIXED ASSETS 17,547. RECLASSED INVESTMENT EXPENSES 20,517. PLEDGE DISCOUNT EXPENSE 106,069. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 ADVERTISING AND OTHER PUBLICATIONS SPECIFICALLY STATE THAT THE SCHOOL DOES NOT DISCRIMINATE BASED ON RACE. 1 SCHOLARSHIPS 31 376350 PART I, LINE 2: THE FLETCHER SCHOOL OFFERS GRANT ASSISTANCE TO QUALIFIED STUDENTS ON THE BASIS OF THE FINANCIAL NEED OF THE FAMILY AND THE AVAILABILITY OF FUNDS. ALL STUDENTS (K-12TH GRADES) ARE ELIGIBLE TO APPLY FOR FINANCIAL AID. THE SCHOOL SUBSCRIBES TO THE SERVICES OF FACTS GRANT AND AID ASSESSMENT WHO REPORT TO THE FLETCHER SCHOOL FINANCIAL AID COMMITTEE THE AMOUNT DETERMINED THAT PARENTS CAN PAY TOWARD TUITION. FUNDS ARE ADMINISTERED THROUGH THE FLETCHER SCHOOL FINANCIAL AID COMMITTEE. THE FINANCIAL AID COMMITTEE DOES NOT DISCRIMINATE IN ADMINISTRATION OF FUNDS ON THE BASIS OF RACE, COLOR, RELIGION, NATIONALITY, SEX, OR AGE. 0 0 0 0 0 0 0 0 0 KIMBERLY LAW OUTGOING DIR. OF FINANCE & OPERATION 148371 0 0 0 0 0 6000 0 7593 0 161964 0 0 0 ARCH MCINTOSH OUTGOING HEAD OF SCHOOL 148167 0 0 0 3000 0 5927 0 331 0 157425 0 0 0 A PUBLIC FINANCE AUTHORITY EDUCATIONAL FACILITIES REVENUE BOND (SERIES 2022) 273866124 2022-03-22 14000000 SEE PART VI 0 0 0 A 6888303 280000 366050 1 0 0 1 A 0 0 0 0 0 0 1 A 0 0 0 0 0 0 0 0 0 A 1 SCHEDULE K, PART I, BOND ISSUES: (F) FINANCE CAMPUS IMPROVEMENTS; BOND ISSUANCE COSTS; REFINANCE OF 2014 BOND & TERMINATION OF 2014 BOND ISSUANCE INTEREST RATE SWAP FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT KEEP SEPARATE MINUTES OF COMMITTEE MEETINGS. THE COMMITTEES GIVE A REPORT TO THE BOARD IN THEIR MEETINGS AND THOSE REPORTS ARE INCLUDED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION B, LINE 11B THE DIRECTOR OF FINANCE, HEAD OF SCHOOL, AND TREASURER REVIEW THE 990 BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION ENFORCES A CONFLICT OF INTEREST POLICY. THE CONFLICT OF INTEREST POLICY PROVIDES DUE DILIGENCE PROCEDURES AND GUIDANCE ON HOW TO DEAL WITH POLICY VIOLATIONS. EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER SIGN AN ANNUAL STATEMENT THAT THEY UNDERSTAND AND WILL COMPLY WITH THE POLICY. THE POLICY IS ALSO ANNUALLY REVIEWED. FORM 990, PART VI, SECTION B, LINE 15A THE PROCESS FOR DETERMINING COMPENSATION FOR THE HEAD OF SCHOOL INCLUDES AN INDEPENDENT REVIEW, COMPARABILITY DATA AND CONTEMPORANEOUS SUBSTANTIATION OF THE DECISION. COMPENSATION FOR OTHER OFFICERS AND EMPLOYEES IS DETERMINED INTERNALLY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.