Nonprofit · EIN 56-0125490
CAROLINA DAY SCHOOL INC
Tax-exempt · ASHEVILLE, NC 28803
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $26,811,284 | $23,762,602 | $3,048,682 | $40,303,785 | $7,679,712 | $32,624,073 |
| June 30, 2024 | 990 | $23,521,962 | $21,791,118 | $1,730,844 | $35,721,901 | $6,267,505 | $29,454,396 |
| June 30, 2023 | 990 | $21,051,570 | $20,728,083 | $323,487 | $34,097,937 | $6,815,533 | $27,282,404 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $4,574,300
- Program service revenue
- $21,235,430
- Investment income
- $967,194
- Net rental income
- $20,950
- Net gain from sales of assets
- $457,600
- Net income from fundraising events
- -$2,822
- Other revenue
- $34,360
Expenses
- Grants and similar amounts paid
- $3,432,047
- Compensation of officers, directors and key employees
- $513,429
- Other salaries and wages
- $9,978,318
- Salaries, compensation and benefits (total)
- $14,598,651
- Professional fundraising fees
- $0
- Legal fees
- $59,054
- Accounting fees
- $62,179
- Occupancy
- $687,129
- Travel
- $134,789
- Depreciation
- $1,270,289
- Program services (functional)
- $20,068,951
- Management and general (functional)
- $2,930,907
- Fundraising (functional)
- $762,744
Balance sheet and other
- Total assets, start of year
- $35,721,901
- Total assets, end of year
- $40,303,785
- Total liabilities, end of year
- $7,679,712
- Net assets, end of year
- $32,624,073
- Land, buildings and equipment
- $26,263,334
- Publicly traded securities
- $6,081,572
- Net assets without donor restrictions
- $26,798,634
- Net assets with donor restrictions
- $5,825,439
- Gross receipts
- $28,091,767
- Employees
- 274
- Volunteers
- 400
- Year formed
- 1936
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BRETT FUHRMAN | HEAD OF SCHOOL Officer | 50 | $513,429 | $42,654 |
| ELAINE KREUZ | DIR. OF ADVANCEMENT Highest-paid employee | 40 | $181,257 | $24,490 |
| TAUNI BUTTERFIELD | ATHLETICS DIRECTOR Highest-paid employee | 40 | $143,366 | $26,646 |
| LAUREN EVANS | PRE-K - 8 PRINCIPAL Highest-paid employee | 40 | $143,747 | $22,491 |
| STEPHANIE WHITNEY | FORMER HEAD OF SCHOOL Former | 50 | $162,500 | $0 |
| DIANE MILNER | KEY SCHOOL PRINCIPAL Highest-paid employee | 40 | $135,190 | $18,121 |
| AIMEE PUMAREJO DIAZ | DIRECTOR OF OPERATIONS Highest-paid employee | 40 | $115,935 | $10,516 |
| ANN GOOSMANN | SECRETARY Trustee or director, Officer | 5 | $0 | $0 |
| BARRY JOHNSON | VICE CHAIR Trustee or director, Officer | 5 | $0 | $0 |
| JENNIFER BOCK | BOARD CHAIR Trustee or director, Officer | 5 | $0 | $0 |
| TOM HUNTER | FINANCIE CHAIR/TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| DIANE FOURTON | TRUSTEE Trustee or director | 2 | $0 | $0 |
| ELIZABETH FLYNN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| ELIZABETH MAILANDER | TRUSTEE Trustee or director | 2 | $0 | $0 |
| EMILY ROBERTS | TRUSTEE/CHAIR-ELECT Trustee or director | 2 | $0 | $0 |
10 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HEATHER HANKS | TRUSTEE Trustee or director | 2 | $0 |
| HILARY THOMAS | TRUSTEE Trustee or director | 2 | $0 |
| HIMANSHU KARVIR | TRUSTEE Trustee or director | 2 | $0 |
| KEMPER BROWN | TRUSTEE Trustee or director | 2 | $0 |
| KRISTI GOODRUM | TRUSTEE Trustee or director | 2 | $0 |
| MARK KIISS | TRUSTEE Trustee or director | 2 | $0 |
| MATTHEW LAZENBY | TRUSTEE Trustee or director | 2 | $0 |
| RANDALL RICHARDSON | TRUSTEE Trustee or director | 2 | $0 |
| STEFANIE UPHAM | TRUSTEE Trustee or director | 2 | $0 |
| TIM MITROVICH | TRUSTEE Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 24 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Stephanie Whitney | FORMER HEAD OF SCHOOL Former | 50 | $328,275 | $13,524 |
| BRETT FUHRMAN | HEAD OF SCHOOL Officer | 50 | $270,096 | $0 |
| ELAINE KREUZ | DIR. OF ADVANCEMENT Highest-paid employee | 40 | $152,339 | $22,028 |
| LAUREN EVANS | PRE-K - 8 PRINCIPAL Highest-paid employee | 40 | $137,281 | $17,485 |
| TAUNI BUTTERFIELD | ATHLETICS DIRECTOR Highest-paid employee | 40 | $137,378 | $15,201 |
| DIANE MILNER | KEY SCHOOL PRINCIPAL Highest-paid employee | 40 | $129,279 | $17,017 |
| STEVE HENRY | ASSOCIATE HEAD OF SCHOOL Highest-paid employee | 40 | $103,168 | $30,561 |
| ANN GOOSMANN | SECRETARY Trustee or director, Officer | 5 | $0 | $0 |
| ELIZABETH MAILANDER | VICE CHAIR Trustee or director, Officer | 5 | $0 | $0 |
| JENNIFER BOCK | BOARD CHAIR Trustee or director, Officer | 5 | $0 | $0 |
| MARK KIISS | FINANCE CHAIR/TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| BARRY JOHNSON | TRUSTEE Trustee or director | 2 | $0 | $0 |
| DIANE FOURTON | TRUSTEE Trustee or director | 2 | $0 | $0 |
| ELIZABETH FLYNN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| EMILY ROBERTS | TRUSTEE Trustee or director | 2 | $0 | $0 |
| HEATHER HANKS | TRUSTEE Trustee or director | 2 | $0 | $0 |
| HILARY THOMAS | TRUSTEE Trustee or director | 2 | $0 | $0 |
| HIMANSHU KARVIR | TRUSTEE Trustee or director | 2 | $0 | $0 |
| KEMPER BROWN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| RANDALL RICHARDSON | TRUSTEE Trustee or director | 2 | $0 | $0 |
| SCOTT GROCE | TRUSTEE Trustee or director | 2 | $0 | $0 |
| STEFANIE UPHAM | TRUSTEE Trustee or director | 2 | $0 | $0 |
| SUZANNE ROSE | TRUSTEE/PAST CHAIR Trustee or director | 2 | $0 | $0 |
| TOM HUNTER | TRUSTEE Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2023: 25 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STEPHANIE WHITNEY | HEAD OF SCHOOL Officer | 50 | $336,630 | $17,865 |
| LAUREN EVANS | PRE-K - 8 PRINCIPAL Highest-paid employee | 40 | $138,431 | $14,306 |
| DIANE MILNER | KEY SCHOOL PRINCIPAL Highest-paid employee | 40 | $125,998 | $14,097 |
| ELAINE KREUZ | DIR. OF ADVANCEMENT Highest-paid employee | 40 | $121,184 | $17,885 |
| TAUNI BUTTERFIELD | ATHLETICS DIRECTOR Highest-paid employee | 40 | $117,703 | $19,944 |
| MAX COGBURN | UPPER SCHOOL PRINCIPAL Highest-paid employee | 40 | $104,639 | $13,669 |
| SUZANNE ROSE | BOARD CHAIR Trustee or director, Officer | 5 | $0 | $0 |
| ROBERT REYNOLDS | VICE CHAIR Trustee or director, Officer | 5 | $0 | $0 |
| JENNIFER BOCK | FINANCIE CHAIR/TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| ELIZABETH MAILANDER | SECRETARY Trustee or director, Officer | 5 | $0 | $0 |
| KEMPER BROWN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| ELIZABETH FLYNN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| DIANE FOURTON | TRUSTEE Trustee or director | 2 | $0 | $0 |
| ANN GOOSMANN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| SCOTT GROCE | TRUSTEE Trustee or director | 2 | $0 | $0 |
| HEATHER HANKS | TRUSTEE Trustee or director | 2 | $0 | $0 |
| TOM HUNTER | TRUSTEE Trustee or director | 2 | $0 | $0 |
| BARRY JOHNSON | TRUSTEE Trustee or director | 2 | $0 | $0 |
| HIMANSHU KARVIR | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MARK KIISS | TRUSTEE Trustee or director | 2 | $0 | $0 |
| RANDALL RICHARDSON | TRUSTEE Trustee or director | 2 | $0 | $0 |
| EMILY ROBERTS | TRUSTEE Trustee or director | 2 | $0 | $0 |
| JOHN STANIER | TRUSTEE Trustee or director | 2 | $0 | $0 |
| HILARY THOMAS | TRUSTEE Trustee or director | 2 | $0 | $0 |
| STEFANIE UPHAM | TRUSTEE Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1345 HENDERSONVILLE RD, ASHEVILLE, NC 28803-1923
- Principal officer (990 for 2024)
- Ben Farrell, 1345 Hendersonville Road, Asheville, NC 28803
- Signed the 990
- Ben Farrell, Interim Head of School
- Phone
- (828) 274-0757
- Website
- WWW.CAROLINADAY.ORG
- Return prepared by
- Forvis Mazars LLP
Mission
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.
Program accomplishments
- 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.Expenses $20,068,951 · grants $3,432,047 · revenue $21,235,430
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 56-0125490
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1944
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B24Z)
- Assets (IRS master file)
- $40,303,785
- Income (IRS master file)
- $28,091,767
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $26,811,284 | $23,762,602 | $40,303,785 | IRS |
| 990 | June 2024 | $23,521,962 | $21,791,118 | $35,721,901 | IRS |
| 990 | June 2023 | $21,051,570 | $20,728,083 | $34,097,937 | XML |
| 990 | June 2022 | $23,274,107 | $19,062,427 | $32,933,640 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-0125490).
Questions about CAROLINA DAY SCHOOL INC
- What is the EIN of CAROLINA DAY SCHOOL INC?
- The employer identification number (EIN) of CAROLINA DAY SCHOOL INC is 56-0125490.
- Is CAROLINA DAY SCHOOL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1944.
- Are donations to CAROLINA DAY SCHOOL INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CAROLINA DAY SCHOOL INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CAROLINA DAY SCHOOL INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CAROLINA DAY SCHOOL INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of CAROLINA DAY SCHOOL INC?
- The 990 for the year ended June 30, 2025 names Ben Farrell.
- Who are the officers and directors of CAROLINA DAY SCHOOL INC?
- The 990 for the year ended June 30, 2025 lists 25 people; 7 received compensation from the organization, the highest $513,429 (BRETT FUHRMAN, HEAD OF SCHOOL).
- How much revenue does CAROLINA DAY SCHOOL INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $26,811,284, expenses of $23,762,602 and total assets of $40,303,785 at year end.
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