2025-05-13T13:03:15-07:00 2024-06-30 990 2023-07-01 560940956 FORSYTH COUNTRY DAY SCHOOL INC FORS 3369453151 P O Box 549 5501 SHALLOWFORD R0AD LEWISVILLE NC 270230549 ANDREA MATNEY CHIEF FINANCIAL OFFICER 3369461620 2025-05-13 1 2023 2025-03-06 01:10:19Z Gardner Barrier 5501 Shallowford Road Lewisville NC 27023 29404386 0 X WWW.FCDS.ORG X 1970 NC FORSYTH COUNTRY DAY SCHOOL IS A COMMUNITY OF LEARNERS DEDICATED TO PREPARING OUR STUDENTS FOR WHAT'S AHEAD. THE VERY CORE OF OUR MISSION AT FORSYTH COUNTRY DAY SCHOOL IS TO PROVIDE EVERY STUDENT WITH AN EXCEPTIONAL EXPERIENCE, HELPING THEM PREPARE FOR WHAT'S AHEAD. OUR FORWARD -THINKING APPROACH TO LEARNING FOSTERS CURIOSITY, DEVELOPS TALENTS AND INTERESTS, AND BUILDS CONFIDENCE. 21 21 536 50 0 0 2489243 2184626 22794500 24224398 346092 405595 206481 220973 25836316 27035592 3143231 3099190 0 0 14850675 16338382 17846 0 677991 5472328 5723279 23484080 25160851 2352236 1874741 43899554 46509760 22820292 21621728 21079262 24888032 FORSYTH COUNTRY DAY SCHOOL IS A PRIVATE, COLLEGE PREPARATORY INDEPENDENT SCHOOL FOR PRESCHOOL THROUGH HIGH SCHOOL. STUDENTS BENEFIT FROM A CHALLENGING ACADEMIC CURRICULUM, FINE AND PERFORMING ARTS, COMPETITIVE ATHLETICS AND A WIDE SELECTION OF EXTRACURRICULAR ACTIVITIES. 0 0 20967389 3099190 24224398 PROVIDING TRADITIONAL COLLEGE PREPARATORY EDUCATION TO APPROXIMATELY 943 STUDENTS STARTING AT PRESCHOOL THROUGH GRADE TWELVE. 0 0 0 20967389 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 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 35 0 1 536 1 0 0 0 0 1 1 1 1 0 0 0 0 0 0 X 21 21 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X Andrea Matney Associate Head 3369453151 P O Box 549 5501 SHALLOWFORD R0AD LEWISVILLE NC 270230549 GARDNER E BARRIER HEAD OF SCHOOL 55 0 X 434817 0 57324 ANDREA M MATNEY ASSOCIATE HEAD OF SCHOOL/FINANCE AND OPERATIONS 55 0 X 184249 0 33701 MICHELLE L KLOSTERMAN ASSOCIATE HEAD OF SCHOOL/TEACHING AND LEARNING 55 0 X 162642 0 32414 NATHAN BATTLE ASSOCIATE HEAD OF SCHOOL ADVANCEMENT 55 0 X 146926 0 44316 SUSAN PERRY ASSOCIATE HEAD OF SCHOOL WELLNESS AND BELONGING 55 0 X 140531 0 25650 SCOTT POHJOLA TEACHER/DIRECTOR OF ENGINEERING CENTER 45.00 0 X 102713 0 56645 DOUGLAS ESLEECK ATHLETIC DIRECTOR 55 0 X 121937 0 27619 WILLIAM CLIFTON DIRECTOR OF PHILANTHROPY 55 0 X 120345 0 22499 SAM BAILOR TRUSTEE 5 0 X 0 0 0 ELLY BARRINEAU TRUSTEE 5 0 X 0 0 0 STEWART BEASON TRUSTEE 5 0 X 0 0 0 BRAD BREITLING TRUSTEE 5 0 X 0 0 0 FRANK CARDENAS TRUSTEE 5 0 X 0 0 0 CHERE CHASE-GREGORY TRUSTEE 5 0 X 0 0 0 McNEIL CRONIN TRUSTEE/SECRETARY 5 0 X 0 0 0 KEARY DIDIER TRUSTEE 5 0 X 0 0 0 LAURA DUGAN TRUSTEE/CHAIR 5 0 X 0 0 0 GEORGE DUNN TRUSTEE 5 0 X 0 0 0 MARK DUNNAGAN TRUSTEE/PAST CHAIR 5 0 X 0 0 0 BEN HOLCOMB TRUSTEE 5 0 X 0 0 0 KAYE LAMBERT TRUSTEE 5 0 X 0 0 0 ALLISON LYERLY TRUSTEE/PA PRESIDENT 5 0 X 0 0 0 MEREDITH MASTEN TRUSTEE 5 0 X 0 0 0 ASHLI NICKS TRUSTEE 5 0 X 0 0 0 LORI PATTERSON TRUSTEE 5 0 X 0 0 0 ASHLEY PERROTT TRUSTEE 5 0 X 0 0 0 JESSIE QUICK TRUSTEE/VICE CHAIR 5 0 X 0 0 0 BRAD TILLEY TRUSTEE/TREASURER 5 0 X 0 0 0 BETH WHICKER TRUSTEE 5 0 X 0 0 0 1414160 0 300168 9 0 1 0 Frank Blum Construction PO Box 4153 Winston Salem NC 27115 Construction 3701564 Flik Independent Schools P O Box 417632 Boston MA 022417632 Food Service 895930 Central Carolina Air Conditioning 1800A Fairfax Rd Greensboro NC 27407 HVAC Contractor 444324 Storr Office Environment 10800 World Trade Blvd Raleigh NC 27617 Furniture 188141 Baker Rooking Company PO Box 1431 Charlotte NC 28201 Roof 126952 5 0 0 0 0 0 2184626 0 2184626 Tuition and Fees 611110 23480474 23480474 0 0 Summer Programs 611600 380562 380562 0 0 School Year Programs 611110 252931 252931 0 0 Transportation 611710 98508 98508 0 0 11923 11923 0 0 24224398 681671 681671 0 0 0 0 0 0 0 0 0 0 31707 0 0 0 31707 0 31707 0 0 31707 2020621 500 2291042 6155 -270421 -5655 -276076 0 0 -276076 0 0 0 0 0 0 0 0 0 0 0 0 102120 71597 30523 30523 0 0 Multiple Payment Plan Fee 611710 106832 106832 0 0 Finance Charges 611710 9843 9843 0 0 42068 42068 0 0 158743 27035592 25095335 0 -244369 0 0 3099190 3099190 0 0 0 0 866427 379836 392774 93817 0 0 0 0 11146087 9087387 1732416 326284 440133 362716 64281 13136 3000603 2407261 513930 79412 885132 688470 172477 24185 0 0 0 0 43617 0 43617 0 54407 0 54407 0 0 0 0 0 0 0 64065 0 64065 0 132437 112623 19814 0 76767 0 76767 0 573944 359385 138932 75627 295034 287626 5608 1800 0 0 0 0 987175 926845 54268 6062 151947 100650 48037 3260 0 0 0 0 29042 14578 13795 669 607510 592363 11466 3681 0 0 0 0 1361287 1327119 25864 8304 130497 121116 7927 1454 SUMMER PROGRAM ACTIVITIES 443848 443848 0 0 LOSS ON UNCOLLECTIBLE PROMISES TO GIVE 269083 269083 0 0 ATHLETICS 148226 148226 0 0 AUXILLIARY EXPENSES 113017 113017 0 0 241376 126050 75026 40300 25160851 20967389 3515471 677991 7841606 8430456 0 0 2585150 2323297 186787 301256 0 0 0 0 0 0 38913 43197 279790 292175 48275024 28532982 17636378 19742042 15158831 15084896 0 0 0 0 0 0 172099 292441 43899554 46509760 2279641 1599161 0 0 6749518 6572444 13587786 13076917 0 0 0 0 124213 295803 0 0 79134 77403 22820292 21621728 X 15042257 18378747 6037005 6509285 21079262 24888032 43899554 46509760 X 1874741 1891768 0 0 0 42261 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 14781760 612427 2011339 0 68700 0 17336826 13082554 688158 1093249 0 82201 0 14781760 14554892 772216 -2173734 0 70820 0 13082554 10773546 1163274 2673222 0 55150 0 14554892 10308428 59699 450845 0 45426 0 10773546 0.743 0.217 0.04 0 0 2191928 0 2191928 31664541 0 16510677 15153864 0 0 0 0 9352290 0 7680756 1671534 5066265 0 4341549 724716 19742042 0 Agency Funds 77403 77403 X 25940099 1891768 0 0 64013 1955781 23984318 0 3051274 3051274 27035592 22131328 0 0 0 69667 69667 22061661 0 3099190 3099190 25160851 Schedule D, Part V, Line 4 Endowment funds intended uses: Forsyth Country Day School's endowment consists of approximately 33 individual endowment funds established for a variety of purposes, including operations, financial aid, professional development, faculty compensation, speakers, engineering, athletics, performing arts, math competitions, student activities, teacher awards and unrestricted purposes. Schedule D, Part X, Line 2 The school is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code; accordingly, the accompanying financial statements do not reflect a provision or liability for federal and state income taxes. The School has determined that it does not have any material unrecognized tax benefits or obligations as of June 30, 2024. Schedule D, Part XI, Line 2d Other adjustments: Bookstore cost of goods sold of $64,013. Schedule D, Part XI, Line 4b Financial aid of $3,099,190, change in fair value of interest rate swap $(42,261) and loss on disposal of assets $(5,655). Schedule D, Part XII, Line 2d Bookstore cost of goods sold of $64,013 and loss on disposal of assets of $5,654. Schedule D, Part XII, Line 4b Financial aid of $3,099,190. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 Schedule E, Part I, Line 3 Forsyth Country Day School's racially nondiscriminatory policy is published through the school's website, in media advertising, social media, brochures, catalogs, educational policies, and school administered programs. The following is published on the school's website: Non-Discrimination Policy: Forsyth Country Day School is committed to administering all education and employment activities without discrimination based on one's race, color, religion, national or ethnic origin, age, ability, gender identity, or sexual orientation. 1 Financial Aid 223 3099190 0 Fair Market Value Schedule I, Part I, Line 2 Schedule I, Part I, Line 2: Forsyth Country Day School provides financial aid to students to offset a portion of their tuition obligation, based on demonstrated financial need. Decisions are made by the Financial Aid Committee based on parent provided applications that include details of their finances and recommendations as to the amounts each family can afford. Final decisions are reviewed and approved by the Associate Head of School for Advancement. Detailed records of eligibility, students and amounts are maintained in the school's records. X X 1 1 X X X X 0 0 0 1 0 0 0 0 0 GARDNER E BARRIER HEAD OF SCHOOL 304042 0 50000 0 80775 0 18675 0 38649 0 492141 0 0 0 ANDREA M MATNEY ASSOCIATE HEAD OF SCHOOL FOR FINANCE AND OPERATIONS 171666 0 9000 0 3583 0 10350 0 23351 0 217950 0 0 0 MICHELLE L KLOSTERMAN ASSOCIATE HEAD OF SCHOOL FOR TEACHING AND LEARNING 153258 0 9000 0 384 0 9750 0 22664 0 195056 0 0 0 NATHAN BATTLE ASSOCIATE HEAD OF SCHOOL ADVANCEMENT 133133 0 2000 0 11793 0 8850 0 35466 0 191242 0 0 0 SUSAN PERRY ASSOCIATE HEAD OF SCHOOL WELLNESS AND BELONGING 131416 0 2000 0 7115 0 4050 0 21600 0 166181 0 0 0 SCOTT POHJOLA DIRECTOR OF ENGINEERING CENTER 101276 0 1160 0 278 0 6939 0 49705 0 159358 0 0 0 Schedule J, Part I, Line 1a Country club dues and gross up payments on behalf of the Head of School, pursuant to his employment agreement, are reported in taxable wages, as well as on schedule J, Part II. Schedule J, Part I, Line 3 The Head of School's compensation is determined by the Board of Trustees that review and decide upon the compensation and benefits. Comparative data is analyzed at the time and all decisions are memorialized in a written contract at the time of hire and when changes are made. Schedule J, Part I, Line 5 The Director of Philanthropy has bonus opportunities based on meeting certain overall fundraising goals of the school. A PUBLIC FINANCE AUTHORITY 273866124 2018-05-15 16065000 PRIOR CONSTRUCTION BOND ISSUE REDEMPTION 0 0 0 A 15865835 0 15865835 0 0 0 198165 0 0 0 0 0 2005 1 0 1 1 A 0 0 1 1 0 0 0 0 0 0 1 A 0 0 1 0 1 1 Truist Bank 5 1 0 0 0 1 A 1 Form 990, Part VI, Section A, Line 7a The School has a governing body that consists of 21 Trustees. The Committee on Trustees, made up of members of the governing Board, nominate new Trustees that are voted on by the full Board of Trustees. Form 990, Part VI, Section B, Line 11b A copy of the Form 990 is distributed to each voting member of the Board of Trustees, including the Finance Committee, prior to the filing of the Form 990. Trustees are encouraged to review and comment on the Form 990. The 990 is reviewed and signed by the Associate Head of School for Finance and Operations. Form 990, Part VI, Section B, Line 12c The Board maintains a conflict of interest policy that is reviewed, accepted and signed by each voting member of the Board of Trustees on an annual basis. If an issue must be decided by the Board that involves a potential conflict of interest for a board member or other interested person, it is the responsibility of the board member or interested person to disclose all facts material to the conflict of interest. If it is unclear as to whether a conflict of interest exists, the Board Chair will make the final decision. A person with a conflict of interest shall not participate or be permitted to participate or be permitted to hear the Board's or Committee's discussion on the matter and shall not vote on a contract or transaction involving the conflict of interest. Form 990, Part VI, Section B, Line 15 The Executive Committee of the Board of Trustees reviews and decides upon the compensation for the Head of School. The Committee provides an update to the full Board of Trustees on its decisions. Comparative data, including NAIS and other comparative 990 data was analyzed at the time of hire of the Head of School and is routinely reviewed at the time of any renewals or amendments. The Head of School sets the compensation for all other top management using comparative data from NAIS. Form 990, Part VI, Section C, Line 19 Forsyth Country Day School's organizational documents including the Bylaws and Articles of Incorporation are available upon request. Form 990, Part XI, Line 9 Change in fair value of interest rate swap $42,261. Filing was filed by the extended due date of May 15, 2025.