2023-05-15T16:22:36-05:00 2022-06-30 873707167 CBIZ MARKS PANETH LLC 4 MANHATTANVILLE ROAD SUITE 402 PURCHASE NY 10577 990 2021-07-01 060646657 GREENWICH COUNTRY DAY SCHOOL INC GREE 2038635600 PO BOX 623 GREENWICH CT 06836 WILLIAM AUERSWALD CFO 2038635600 2023-05-15 1 WILLIAM AUERSWALD 999009999 SCOTT BRENNER P01247233 9145249000 2023-05-11 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z WILLIAM AUERSWALD PO BOX 623 GREENWICH CT 06836 91687468 0 X WWW.GCDS.NET X 1926 CT THE SCHOOL SEEKS TO PROVIDE QUALIFIED STUDENTS WITH OPPORTUNITIES FOR ACADEMIC DEVELOPMENT, INTELLECTUAL GROWTH, ARTISTIC AND PHYSICAL FULFILLMENT AND MORAL AWARENESS. 25 25 461 165 0 0 32680389 20053239 58693282 64238498 3509493 285323 665543 818490 95548707 85395550 7573196 8053225 0 0 43309617 40237254 0 0 1593356 17469443 23654044 68352256 71944523 27196451 13451027 332908976 347177683 125931299 129695981 206977677 217481702 THE MISSION OF THE GREENWICH COUNTRY DAY SCHOOL IS TO ENABLE ALL CHILDREN IN OUR CARE TO DISCOVER AND TO DEVELOP WHAT IS FINEST IN THEMSELVES TO ACHIEVE THE HIGHEST STANDARDS IN THEIR STUDIES, IN THEIR PLAY, AND IN THEIR CHARACTER. 0 0 54227573 8053225 63881317 STUDENTS FROM NURSERY THROUGH TWELFTH GRADE, AND SUMMER PROGRAMS. TOTAL OF 1,382 STUDENTS WERE ENROLLED FOR THE SCHOOL YEAR 2021-2022. 54227573 1 1 0 0 0 0 1 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 1 120 0 1 461 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 25 25 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X WILLIAM AUERSWALD CFO 2038635600 GCDSCHOOL 401 OLD CHURCH ROAD GREENWICH CT 06830 ANTONIA THOMPSON TRUSTEE 2.00 X 0 0 0 BARBARA HARTY TRUSTEE 2.00 X 0 0 0 CALEB WATTS TREASURER 2.00 X X 0 0 0 CARRIE FREEMAN BRADDOCK TRUSTEE (OUTGOING) 2.00 X 0 0 0 CHERYL PACKARD TRUSTEE 2.00 X 0 0 0 DANIEL OFFIT PRESIDENT (OUTGOING) 8.00 X X 0 0 0 DON TRUESDALE TRUSTEE 2.00 X 0 0 0 DWIGHT ANDERSON CHAIR 2.00 X X 0 0 0 EILEEN KIM TRUSTEE (OUTGOING) 2.00 X 0 0 0 EMILY HOFFMAN STERN TRUSTEE 2.00 X 0 0 0 FRANK LOVERRO TRUSTEE 2.00 X 0 0 0 HARRY SCHWEFEL TRUSTEE 2.00 X 0 0 0 JEFF ROBERTSON TRUSTEE 2.00 X 0 0 0 JILL WEINER TRUSTEE 2.00 X 0 0 0 JONATHAN WEINER VICE PRESIDENT (OUTGOING) 2.00 X X 0 0 0 KATHERINE SANDHU TRUSTEE 2.00 X 0 0 0 KRISTIN CUSTAR TRUSTEE 2.00 X 0 0 0 MAGDALENA MIGUENS TRUSTEE 2.00 X 0 0 0 PETER SCHWEINFURTH TRUSTEE 2.00 X 0 0 0 PHILLIP LAUDERDALE TRUSTEE 2.00 X 0 0 0 RICHARD DUCKETT TRUSTEE 2.00 X 0 0 0 ROB HARTEVELDT TRUSTEE 2.00 X 0 0 0 SHAHRYAR OVEISSI SECRETARY (OUTGOING) 2.00 X X 0 0 0 SONAL KHICHADIA TRUSTEE 2.00 X 0 0 0 TAYLOR GLASSBROOK TRUSTEE 2.00 X 0 0 0 TRICIA BLACK TRUSTEE 2.00 X 0 0 0 VERNON SCHWARTZ TRUSTEE 2.00 X 0 0 0 VICKI UNDERWOOD CRAVER TRUSTEE 2.00 X 0 0 0 WEAR CULVAHOUSE TRUSTEE 2.00 X 0 0 0 WILL MANUEL TRUSTEE 2.00 X 0 0 0 ADAM ROHDIE HEAD OF SCHOOL 60.00 0.50 X 667423 0 451689 WILLIAM AUERSWALD CHIEF FINANCIAL & OPERATIN 50.00 0.50 X 383903 0 65784 ALNARDO RAMIREZ DIRECTOR OF COLLEGE COUNSE 40.00 X 246660 0 89567 ANABEL M PEREZ DIRECTOR OF ALUMNI RELATIO 50.00 X 232612 0 62135 CHERYL D PLUMMER DIRECTOR OF ADMISSION AND 40.00 X 194334 0 32626 CHRISTOPHER S WINTERS HEAD OF THE UPPER SCHOOL 40.00 X 289399 0 73558 JACQUELINE JENKINS ASSISTANT HEAD OF SCHOOL, 40.00 X 258922 0 54408 2273253 0 829767 106 0 1 0 CENTERBROOK ARCHITECTS AND PLANNERS LLP PO BOX 955 CENTERBROOK CT 06409 ARCHITECTURAL SERVICES 1552173 MORANO GARDEN AND DESIGN 543 HALSTEAD AVENUE MAMARONECK NY 10543 LANDSCAPING SERVICE 862526 CAMBRIDGE ASSOCIATES PO BOX 412015 BOSTON MA 02241 INVESTMENT ADVISORS 225000 ALL STAR PAVING & SEALING LLC PO BOX 2191 STAMFORD CT 06903 ASPHALT PAVING 207410 PETER BETHANIS PROBUILT DESIGNS LLC 804 WEBSTER STREET UNIT 4 MARSHFIELD MA 02050 MARKETING SERVICES 174800 10 20053239 1441037 20053239 TUITION & RELATED FEES 611600 64238498 64238498 64238498 789442 789442 671552 0 671552 671552 671552 5787799 6291918 -504119 -504119 -504119 OTHER REVENUE 900099 146938 146938 146938 85395550 63881317 0 1460994 8053225 8053225 1166084 880744 252690 32650 29343062 22162644 6357813 822605 2636622 2205781 381483 49358 4882400 4079773 710678 91949 2209086 1843581 323634 41871 59841 59841 94000 94000 950800 950800 449518 150 358398 90970 8166 8166 250369 170460 79909 1184291 522860 661431 1875381 1755791 81539 38051 2070501 71676 1998825 6944879 6502017 301951 140911 582341 582341 GROUNDS 1131090 1058962 49178 22950 BAD DEBT EXPENSE 1105254 1105254 MAINTENANCE 1053370 986198 45799 21373 DINING & CATERING 1011873 1011873 4882370 3092298 1629313 160759 71944523 54227573 16123594 1593356 10002997 29271880 1520596 1380445 37442241 28613676 561814 475850 183556 113964 229506 835622 266821776 61173504 149961313 205648272 35672817 30243033 48030226 47353901 49303910 3241040 332908976 347177683 6170532 3769311 18610328 20049225 59152370 88578708 57600 57600 9700440 32240029 17241137 125931299 129695981 X 118213364 141820193 88764313 75661509 206977677 217481702 332908976 347177683 X 13451027 -12517553 9570551 X X 0 1 X 1 0 X 15587489 16056509 23466070 32680389 20053239 107843696 15587489 16056509 23466070 32680389 20053239 107843696 33684771 74158925 1285492 1340726 1666093 1852355 1460994 7605660 146938 146938 115596294 246203090 0.64150 0.69230 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 4.80 1 0 20.00 0 0 1 X 89284042 2245947 -12618555 463555 78447879 69420032 244227 20027216 407433 89284042 66846234 143995 2292138 -137665 69420032 65765830 336170 4435149 3690915 66846234 59958080 585121 5464172 241543 65765830 0.42031 0.00000 0.57969 1 0 30106970 30106970 209592524 47368946 162223578 27122282 13804558 13317724 205648272 ALTERNATIVE INVESTMENTS 47353901 F 47353901 ACCRUED POSTRETIREMENT HEALTH CARE COSTS 16035605 DEFERRED COMPENSATION 204590 INTEREST PAYABLE 165764 SWAP DERIVATIVE 703178 DEFERRED RENT 132000 17241137 X 63873972 -12517553 -8053225 -20570778 84444750 950800 950800 85395550 62940498 0 62940498 950800 8053225 9004025 71944523 PART IV, LINE 2B: AN ESCROW ACCOUNT LIABILITY $57,600 AMOUNT REPORTED ON FORM 990, PART X, INCLUDES TWO MONTHS SECURITY DEPOSIT BASE ON TERM OF LEASE AGREEMENT, (1) $28,000 FOR 50 FAIRFIELD ROAD, GREENWICH, CT 06830 (2) $27,500 FOR 2 CARDINAL ROAD, AND (3) FRENCH FARM $2,100. PART V, LINE 4: THE SCHOOL'S ENDOWMENT CONSISTS OF APPROXIMATELY 50 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. THE TEMPORARILY RESTRICTED NET ASSETS WERE INTENDED TO BE USED FOR INSTRUCTIONAL PROGRAMS, PHYSICAL PLANT AND ANNUAL GIFTS FOR SUBSEQUENT SCHOOL YEARS. INCOME FROM THE PERMANENTLY RESTRICTED NET ASSETS IS EXPENDABLE FOR GENERAL AND RESTRICTED PURPOSES I.E., GENERAL OPERATIONS AND DONOR-SPECIFIED PURPOSES(PRIMARILY INSTRUCTION). PART X, LINE 2: THE SCHOOL EVALUATES ALL SIGNIFICANT TAX POSITIONS AS REQUIRED BY ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. AS OF JUNE 30, 2022, THE SCHOOL DOES NOT BELIEVE THAT IT HAS TAKEN ANY POSITIONS THAT WOULD REQUIRE THE RECORDING OF ANY ADDITIONAL TAX LIABILITY NOR DOES IT BELIEVE THAT THERE ARE ANY UNREALIZED TAX BENEFITS THAT WOULD EITHER INCREASE OR DECREASE WITHIN THE NEXT YEAR. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID / NON-FACULTY -8,053,225. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID / NON-FACULTY 8,053,225. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 ADVERTISEMENTS ARE PLACED IN NEIGHBORING COMMUNITIES IN THE STAMFORD ADVOCATE, NORWALK HOUR, AS WELL AS THE NEW YORK TIMES FOR THE ANNUAL OPEN HOUSE. OUR POLICY OF SEEKING DIVERSIFIED ENROLLMENT IS STATED IN THE ADVERTISEMENTS. EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 INVESTMENTS 13805633 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 13675899 EAST ASIA AND THE PACIFIC 0 0 INVESTMENTS 3870989 0 0 0 0 0 0 31352521 0 31352521 0 0 0 0 0 0 PART III ACCOUNTING METHOD: 1 NEED BASED FINANCIAL AID 342 8053225 FMV SCHOLARSHIP PART I, LINE 2: FAMILIES WHO ARE IN NEED OF FINANCIAL AID ARE REQUIRED TO SUBMIT A FINANCIAL AID APPLICATION ANNUALLY. THE APPLICATION CONSISTS OF COPIES OF THE PARENTS' PRIOR YEAR AND MOST RECENT FEDERAL TAX RETURN. IN ADDITION, TO THESE DOCUMENTS, FAMILIES ARE REQUIRED TO SUBMIT A COMPLETED PARENTS' FINANCIAL STATEMENT (PFS) TO SCHOOL AND STUDENT SERVICES (SSS). GREENWICH COUNTRY DAY SCHOOL THEN GRANTS AID TO FAMILIES BASED ON THE SSS ASSESSMENT, AS WELL AS, ON THE ADDITIONAL INFORMATION PROVIDED IN THE APPLICATION. FULL TUITIONS ARE NOT GRANTED, AND THE AMOUNT AND NUMBER OF FINANCIAL AID GRANTS ARE SUBJECT TO THE AVAILABILITY OF FUNDS. FUNDS ARE APPLIED TO AGAINST STUDENT TUITION AT THE ORGANIZATION AND, THEREFORE, NO ADDITIONAL MONITORING IS NEEDED. X 1 1 X X X 0 1 0 0 0 0 0 0 0 ADAM ROHDIE HEAD OF SCHOOL 666181 0 0 0 1242 0 237590 0 214099 0 1119112 0 0 0 WILLIAM AUERSWALD CHIEF FINANCIAL & OPERATIN 382661 0 0 0 1242 0 33000 0 32784 0 449687 0 0 0 CHRISTOPHER S WINTERS HEAD OF THE UPPER SCHOOL 287077 0 0 0 2322 0 33000 0 40558 0 362957 0 0 0 ALNARDO RAMIREZ DIRECTOR OF COLLEGE COUNSE 246140 0 0 0 520 0 27144 0 62423 0 336227 0 0 0 JACQUELINE JENKINS ASSISTANT HEAD OF SCHOOL, 257804 0 0 0 1118 0 25440 0 28968 0 313330 0 0 0 ANABEL M PEREZ DIRECTOR OF ALUMNI RELATIO 231692 0 0 0 920 0 25344 0 36791 0 294747 0 0 0 CHERYL D PLUMMER DIRECTOR OF ADMISSION AND 193443 0 0 0 891 0 20544 0 12082 0 226960 0 0 0 PART I, LINE 1A THE GREENWICH COUNTRY DAY SCHOOL PROVIDED RESIDENCE FOR PERSONAL USE TO ITS HEAD OF SCHOOL, ADAM ROHDIE. THE RENTAL VALUE OF $174,924 WAS INCLUDED IN NONTAXABLE COMPENSATION. PART I, LINE 4B ADAM ROHDIE, THE HEAD OF SCHOOL FOR THE GREENWICH COUNTRY DAY SCHOOL PARTICIPATES IN DEFERRED COMPENSATION PLAN, 457(F). THE VALUE OF THE DEFERRED COMPENSATION PLAN AS OF 6/30/2022 WAS $204,590. A CHEFA BOND SERIES A 135596781 2018-12-19 27878000 CONSTRUCTING, FURNISHING, AND EQUIPPING A NEW SCHOOL BUILDING 0 0 0 B CHEFA BOND SERIES B 135596781 2018-12-19 30000000 CONSTRUCTING, FURNISHING, AND EQUIPPING A NEW SCHOOL BUILDING 0 0 0 C CHEFA BOND SERIES C 135596781 2018-12-19 22122000 CONSTRUCTING, FURNISHING, AND EQUIPPING A NEW SCHOOL BUILDING 0 0 0 A 27878000 557560 8002543 19317897 2019 1 0 0 1 B 31274370 11449606 19824764 0 0 0 1 C 22122000 22122000 0 0 0 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 0 0 0 1 1 ISRAEL DISCOUNT BANK OF NEW YORK 20.000000000000 0 0 0 0 1 B 0 0 0 0 1 1 ISRAEL DISCOUNT BANK OF NEW YORK 7.000000000000 0 0 0 0 1 C 0 0 0 0 1 1 ISRAEL DISCOUNT BANK OF NEW YORK 17.000000000000 0 0 0 0 1 A 0 B 0 C 0 SCHEDULE K, PART IV, TERM OF HEDGE THE SCHOOL HAS PURCHASED TWO INTEREST RATE SWAPS FOR SERIES A (EFFECTIVE DECEMBER 2019) AND FOR SERIES B (EFFECTIVE DECEMBER 2021, UPON EXPIRATION OF THE CAP). THE SERIES A SWAP CONVERTS THE FLOATING INTEREST RATE TO A FIXED RATE OF 3.245% FOR THE ENTIRE TWENTY-YEAR DURATION, WHILE THE SERIES B SWAP EFFECTIVELY FIXED THE RATE OF SERIES B AT 3.254% (WHERE $30 MILLION IS HEDGED FOR 7 YEARS AND THE REMAINING AMOUNT IS HEDGED FOR 17 YEARS). AUERSWALD JR WILLIAM H OFFICER 83430 SCHOLARSHIP/FINANCIAL AID TO ATTEND SCHOOL CORSON FLYNN HIGHLY COMPENSATED EMPLOYEE 158850 SCHOLARSHIP/FINANCIAL AID TO ATTEND SCHOOL DAVIS TRUDY HIGHLY COMPENSATED EMPLOYEE 82440 SCHOLARSHIP/FINANCIAL AID TO ATTEND SCHOOL HART TOM HIGHLY COMPENSATED EMPLOYEE 43650 SCHOLARSHIP/FINANCIAL AID TO ATTEND SCHOOL HELSTEIN TIM HIGHLY COMPENSATED EMPLOYEE 79425 SCHOLARSHIP/FINANCIAL AID TO ATTEND SCHOOL JENKINS JACQUELINE HIGHLY COMPENSATED EMPLOYEE 43650 SCHOLARSHIP/FINANCIAL AID TO ATTEND SCHOOL PEREZ ANABEL M HIGHLY COMPENSATED EMPLOYEE 41715 SCHOLARSHIP/FINANCIAL AID TO ATTEND SCHOOL ROHDIE ADAM HEAD OF SCHOOL 76749 SCHOLARSHIP/FINANCIAL AID TO ATTEND SCHOOL X 27599 1441037 FMV 0 1 0 PART I, COLUMN (B): THE AMOUNT REPORTED IN PART I, COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 4 THE SCHOOL'S GOVERNING DOCUMENTS WERE UPDATED TO REMOVE AN OUTDATED REQUIREMENT FOR AN ANNUAL MEETING OF PARENTS TO ELECT TRUSTEES. TRUSTEES ARE NOW ELECTED BY THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN PREPARED BY THE INDEPENDENT ACCOUNTANT IS REVIEWED BY THE CFO. A COPY OF THE RETURN IS SHARED WITH THE HEAD OF SCHOOL AND ALL DIRECTORS WHO ARE ENCOURAGED TO REVIEW THE FORM. THE FILING OF THE FORM AND APPROVAL OF ITS CONTENTS IS AUTHORIZED BY BOARD VOTE PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THERE IS AN ANNUAL REVIEW TO CONFIRM THAT THERE ARE NO CONFLICTS OF INTEREST WITH ANY TRUSTEE, BOARD COMMITTEE MEMBER, OR EMPLOYEE. THE BOARD DETERMINES WHETHER A CONFLICT EXISTS BASED ON THE ANNUAL REVIEW AND IF IT APPEARS THERE ARE ANY CONFLICTS THE BOARD WOULD REVIEW SUCH CONFLICT. IF THE CONFLICT INVOLVED A BOARD MEMBER, IT WOULD REQUIRE DISCLOSURE FROM THE BOARD. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES DETERMINES THE HEAD OF SCHOOL ANNUAL COMPENSATION BASED ON DATA OF COMPARABLE COMPENSATION OF SIMILAR ORGANIZATIONS. THAT DECISION IS CONFIRMED IN WRITING BY THE BOARD PRESIDENT. COMPENSATION FOR OTHER OFFICERS OR KEY EMPLOYEES IS DETERMINED BY THE HEAD OF SCHOOL AT THE BOARD'S DELEGATION BASED ON SIMILAR COMPARABLE DATA. FORM 990, PART VI, SECTION C, LINE 19 THE AUDITED FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON WRITTEN REQUEST AT THE SCHOOL'S BUSINESS OFFICE. THE CONFLICT OF INTEREST POLICY IS ALSO AVAILABLE IN THE EMPLOYEE AND TRUSTEE HANDBOOK. FORM 990, PART XI, LINE 9: CHANGE IN SWAP VALUE 9,570,551. GCDS LLC 401 OLD CHURCH ROAD GREENWICH CT 06830 060646657 REAL PROPERTY OWNERSHIP CT 264000 4001378 GREENWICH COUNTRY DAY SCHOOL INC THE STANWICH SCHOOL 257 STANWICH ROAD GREENWICH CT 06830 061506795 SCHOOL CT 501(C)(3) LINE 12A, I GREENWICH COUNTRY DAY SCHOOL INC 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0