annual report 2010-11

60CHA

RLO

TTE C

HRISTIAN SCHOOL

CELEBRATING 60 YEARS OF

EXCE

LLEN

CE

1950-2010

DearCharlotteChristianCommunity,

Thank you for your support during the 2011-12 schoolyearaswecelebrated60yearsofexcellenceinChristianeducation.Weareblessedtohaveacommunityoftrustees,employees,volunteers,parentsandstudentswhodevotedtheirtimeandfinancialresourcestomaintainingthemissionof our school. Thesepages showcase thegenerosity ofmanyandourmissionbeingfulfilled.

AfterJoshualedtheIsraelitesacrosstheJordanRiverintothePromisedLand,heinstructed(asGodcommanded)thatonememberofeachofthe12tribestakeastonefromtheriver.Joshuathensetupthe12stonespriortoconqueringJerichoandhesaidtotheIsraelites,“inthefuturewhenyourdescendantsasktheirfathers.‘Whatdothesestonesmean?’tellthem,‘IsraelcrossedtheJordanondryground…HedidthissothatallthepeoplesofearthmightknowthatthehandoftheLordispowerfulandsothatyoumightalwaysfeartheLordyourGod.’”(Joshua4:21–24)

In1950,asmallgroupofpioneersinSouthCharlottecrossedtheirownJordanRiverastheyestablishedCharlotteChristianSchool. Thestonestheypickedupfromtheirriverduringthebuildingofourschool’sfoundationwerelabeledChrist-centered,collegepreparatory,andeducatingthewholechild.Wewouldsurmiseour school founders couldnot have imaginedclassroomswithSMARTBoardsand laptopswhich,whenconnectedtotheinternet,houseanuntoldamountofinformation.Wewouldfurtherbelievethatthosepioneerswouldhavehadadifficulttimepredictingastudentbodyofmorethan1,000studentswhodailyenjoyamyriadofco-curricularopportunitieswhilebeingchallengedbyarigorousacademicprogram.

WethankGodforthosewhocamebeforeusandestablishedthetremendousfoundationofCharlotteChristian,onethatallourchildrenbenefitfrom.Wecollectivelypursueexcellencenottowinstatechampionshipsorplacefirstinfineartscompetitionsorgainadmissiontoprestigiouscolleges.Thoseearthlyachievementsaregreatandworthyofourpursuit,buttheyarenottheultimateprize.ThedesireofourheartsisthateachstudentwillalwaysfeartheLordourGod,knowthatHishandispowerful,sothattheywillwalkinHiswillandimpactthecultureforChrist.

MaytheLord’smightyhandofblessingandprotectionbeuponCharlotteChristianSchoolforanother60years.

GodBless,

BarryGillerHeadofSchool JamieHarrisChairmanoftheBoardofTrustees

letter FromtheHeadofSchoolandChairmanoftheBoardofTrustees

$

2.0

4.0

6.0

8.0

10.0

$12.0

$

2.0

4.0

6.0

8.0

$10.0

• Netassetsincreased$.821millionduetopositiveoperating marginanddesignatedgivingforcapitalimprovements.

2007

$6.3

QuestionsonthefinancialdatainthisannualreportoronotheraspectsofthefinancialoperationsofCharlotteChristianSchool

maybedirectedtoTerryEfird,ChiefFinancialofficer,atterry.efird@charchrist.com.

ThefinancialresultsforCharlotteChristianSchoolareauditedonanannualbasisbyanexternalauditfirmandpresentedtotheboardoftrusteesforreview.Acopyoftheauditedfinancialstatementsmaybeobtainedbysendingawrittenrequestto:

CharlotteChristianSchool•Attention:TerryEfird7301SardisRoad•Charlotte,NC28270

• SWAPmarktomarketliabilityincreasesasinterestrates declineandwilldecreaseasratesmoveup.

Net assets (atJune30)

2008 2009 2010 2011

$7.2

$8.5 $8.8$9.6

total debt outstaNdiNg (atJune30)

2007 2008 2009 2010 2011

$7.0$7.4$7.8$8.1$8.4

$0.9 $1.4

$1.5

$1.7

$1.0

$2.2$1.9

2010-11 opeRatiNg expeNses2010-11 opeRatiNg ReveNues

Tuition-93%

otherFees/Revenues-4%

Contributions-3%

Salary/Benefits-60%

Plant/operations-16%

TuitionAssistance-13%

GeneralAdmin.-4%

InterestonDebt-4%

InstructionalCosts-3%

eNRollmeNt tReNds

2006-07 2007-08 2008-09 2009-10 2010-11

LowerSchool 419 403 442 390 385MiddleSchool 252 261 250 238 243upperSchool 383 387 395 374 361TotalEnrollment 1,054 1,051 1,087 1,002 989

Retention 94% 93% 91% 90% 92%Diversity 10% 11% 13% 14% 15%

FISCALyEARENDEDJune30,2011

Millions

Millions

BRIDGELoAN

• Plant/operationsincreasedfrom2010-11duetooutsourcing cleaningandgroundsoperations.

SWAP

BoNDS

• EnrollmenttrendsbasedonAugustdata.

SincethefoundingofCharlotteChristianSchoolin1950,therehasbeenatraditionofgeneroussupporterspartneringwiththeschooltoprovideexceptionalprogramsandopportunitiesforcurrentandfuturestudents. In its60thyear,CharlotteChristiangraduated107seniors,thelargestclassinschoolhistory.Thisgroupofseniorsreceivedmorethan$4millionincollegescholarshipsandincludedtwoNationalMeritScholars,sixCommendedScholars,and14thatgraduatedwithrecognitionasanAPScholar.Hereareafewwaysyourgivingmadeadifference:

academic eNviRoNmeNt

• 66laptopsforlowerand middleschoolfacultylaptop program

• 9newSMARTBoardsfor lowerschool,3formiddle schoolforeignlanguage classrooms,3forupperschool, 1forfinearts,and1 expandedSMARTBoardfor upperschoolscience

• 2videocamerasforKnights Knewsbroadcastingclass

• 1setofexteriordoors upgradedtoglassentrances

• upperschoolcurriculum addedBusiness,Senior WesternCivilizations, Sculpturing,andexpanded ChapelChoiceelectives

• Newcabinetryinsecond gradeclassroom

• Restroomupgradesforlower andmiddleschool

• NewroofforMiddleSchool Building

STuDENTACHIEvEMENTS:

• 56APScholarAwardswereearned, with77percentofthe182students receivingascoreof3orhigheronAP examstakeninMay2011.

• Journalistsingrades4and5began publicationofthenewlowerschool newspaper.

• Middleschoolmathteamnamedto NationalMatholympiadHonorRoll forthefifthconsecutiveyear.

• Morethan37percentoffourth gradersand57percentoffifth graderswererecognizedthrough theDukeuniversityTalent IdentificationProgram(DukeTIP). Approximately70percentofall seventhgradershavequalifiedfor DukeTIPoverthelastthreeyears, withsevenqualifyingforstate recognitionin2010-11.

• ChemistryClubC4wona$5,000 grantfromDowChemicalCompany.

• 36studentsingrades3-8competed intheACSIMatholympics,winning atotalof20honorsforbothmath computationandreasoning.

• Studentsearnedawardsatthe60th AnnualNCJuniorClassicalLeague StateCompetitionandwerealso awardedmultiplehonorsonthe NationalFrench,LatinandSpanish Exams.

• 19fifthgradestudentsreceivedthe PresidentialEducationalExcellence Awardand21receivedthePresidential EducationalAchievementAward.

impacting

Over the past 18 years, more than $5.6 million has been given to the annual Quality Plus Fund (QPF), providing students, teachers and coaches with additional resources that enhance many of the educational and co-curricular resources that allow our students to excel. Your giving in 2010-11 totaled $430,060.

co-cuRRiculaRsEducatingstudents tosucceed in today’sworldgoesbeyond learning in theclassroom. Bydevelopingandequipping strongco-curricularprograms, studentsarechallenged toexcelwith all of their gifts and talents and grow as leaders. Support given toQPF providesequipment,uniforms,competitionfees,andthecostofmaintainingfacilitiesthatallowfor45athleticteams,48fineartscourses,andfivemainstageproductions.In2010-11,yoursupportprovidedthefollowingimprovementsforCharlotteChristian’sco-curricularactivities:

• Newbassclarinetandtenorsaxpurchasedforthemusicdepartment• Rentedandrepairedheadphonemicrophonesforuseinfineartsclasses• MacbookPropurchasedforuseinfineartsclasses• Studiocurtainsforfineartsclassroom• Stagelightsandmusicstandsforuseinchapelandconcerts• Compositionandrecordingsoftware• Highresolutionprinterforuseinvisualartsdepartment

STuDENTACHIEvEMENTS:

athletics• 11varsityteamsadvancedtoNCISAA statepostseasonplay• 14student-athletessignednational letters-of-intent• 27student-athletesnamedasNCISAA All-Stateathletes• 39student-athletesnamedasCISAA All-Conferenceathletes• 2011NCISAAAll-Stateindividual championsinswimming,wrestling, andtrackandfield• 2011CISAAAll-Conferencechampionsin varsitymen’sbasketballandvarsitybaseball

fine arts• 2010NorthCarolinaTheatreCompetition (NCTC)statewinners• NationalShakespeareFestivalCompetition secondplaceindividualhonors• 54placementsinuniversityhonorbands• 40visualartScholasticArt&Writing Awardsincludingeightgoldkeys,11silver keys,andoneNationalScholasticArtAward currentlyondisplayinWashington,D.C.• TophonorsintheCongressionalArt Competition,JuniorWomen’sClubArt Festival,MatthewsArtFest,andPatrioticArt Competition• AmericanHighSchoolHonorsPerformance SeriesatCarnegieHallindividualselection

equipping

THANKyouForacompletelistofdonors,pleasegotowww.charlottechristian.com/annualreport.

campus impRovemeNtsEach yearQPFprovides necessary support to integrate continuous improvements thatimpact our entire campus and make our facilities safe and inviting. This year, yourcontributionsalloweddevelopmentofanewwebsiteandprovidedforinstallationofnewcampussignage.

Theinnovativeandnewlydesignedwebsiteprovidesastate-of-the-artmarketingtoolfortheschoolandhelpsshowcasetheoutstandingacademic,athletic,spirituallife and fine arts programs at Charlotte Christian.BypartneringwithFinalsite,awebsitedevelopmentcompany, information has been restructuredinto portals that allow user-friendly access for

both current and prospective families,employeesandalumni.

Newexteriorsignagewasinstalledinthesummerof2011toassistfamiliesandvisitorsinnavigatingcampus.Thenewlydesignedsignagefeaturestheschoolcolorsandlogoandprovidesdirectionalguidanceatkeylocations.

ThesignageupgradeswerepartofPhase1ofasignageimprovementprojectandweremadepossiblethroughQPFcontributions,donationsfromthePTFBoosterthonFunRun,andagenerousgrant

fromtheinstaller,SouthwoodSignCompany.Phase2oftheprojectwillfeaturenewbuildingsignage.

integrating

• Athleticstadiumimprovementsincludingnewfencing andlandscaping

• Softballfieldre-alignmentandimprovements

• Weightroomimprovementsandequipmentupgrades

• FineArtscostumeclosetshelvingandorganization

• LowerSchool ComputerLab additionsincluding aSMARTBoard, newtraining keyboards,kid- sizedcomputer mouseupgrades, andnewchairs

• Newtileinlowerandmiddleschoolrestrooms providedbyanin-kindgift

Specialgiftsplayavaluable role indevelopingour studentsandbuildingon theirGod-givengiftsand talents. Duringthe2010-11year,CharlotteChristianSchoolreceivedseveraldesignatedgiftsfromfamiliesanddonorsthatallowedforconsiderableimprovementsinmultipleareasoncampus.

PaulaBanksBillBlankAndyCalhounJulieDeuink

EricaDonnalleyGregGombarJamieHarrisIrisHubbard

SteveIsraelJimKallamTonyNorwoodJohnPutnam

ChristyReidCharlesSalehMikeSeeligSteveSmith

KathyTrotterRickvonGnechtenMartyWhite

BoARDoFTRuSTEES2010-11

special gifts

•BaseballClubhouseadditionincludingpressboxseating,gamedaysuite,teamroom,coaches’lockerroom,publicrestrooms,dugout,andplayers’lockerroom

developing

2006-07 2007-08 2008-09 2009-10 2010-11

CapitalImprovements(Lighting The Way, Bigger and Wider, otherimprovements)

$1,629,754 $1,186,457 $1,031,180 $457,518 $294,515

AnnualFund-QualityPlus 530,617 400,638 484,109 475,315 423,160

ParentPartnership 122,428 119,593 118,956 93,640 53,245

Miscellaneous 166,613 341,848 215,759 242,268 482,882

total cash Receipts $2,44,412 $2,048,536 $1,850,004 $1,268,741 $1,253,802

DoNATIoNTRENDSCashReceipts