2022-09-28T13:58:48-05:00 2022-06-30 364049282 PASQUESI SHEPPARD LLC 585 BANK LANE LAKE FOREST IL 60045 990 2021-07-01 362415685 LAKE FOREST COUNTRY DAY SCHOOL LAKE 8472342350 145 SOUTH GREEN BAY ROAD LAKE FOREST IL 600453099 RICHARD PAULUS DIRECTOR OF FINANCE AND OPERATIONS 8476156119 2022-09-28 1 RICHARD PAULUS 999009999 TIMOTHY KLEIN P00008827 8472345000 2022-09-28 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z X RICHARD PAULUS 145 S GREEN BAY ROAD LAKE FOREST IL 60045 25350903 0 X WWW.LFCDS.ORG X 1958 IL THE PURPOSE OF THE LAKE FOREST COUNTRY DAY SCHOOL IS TO MAINTAIN AND MANAGE AN INDEPENDENT ELEMENTARY SCHOOL WHICH WILL GUIDE AND STIMULATE CHILDREN TO POSITIVE, CONSTRUCTIVE AND EFFECTIVE ATTITUDES TOWARD WORK, FAMILY AND COMMUNITY. THE SCHOOL ATTEMPTS TO STIMULATE EACH STUDENT TO MAKE THE FULLEST USE OF HIS OR HER CAPACITY TO LEARN. 19 19 113 472 0 0 6774416 1822559 11902791 12853634 1372170 1863225 116414 305753 20165791 16845171 2169484 1939459 0 0 7519904 8123361 0 0 375439 4791903 5147413 14481291 15210233 5684500 1634938 65213810 60294395 36213587 34944394 29000223 25350001 X INSPIRED TEACHING, ACADEMIC RIGOR, ATTENTION TO INDIVIDUAL NEEDS, A COMMITMENT TO RESPONSIBLE CITIZENSHIP-THESE PRINCIPLES INFUSE EVERY ASPECT OF LIFE AT LAKE FOREST COUNTRY DAY SCHOOL AND DEFINE OUR DEDICATION TO PRODUCING STUDENTS OF STRONG CHARACTER WITH A PASSION FOR LEARNING. 0 0 12867272 1939459 12853634 THE SCHOOL PROVIDES ACADEMIC INSTRUCTION AND EDUCATION FOR STUDENTS FROM AGE TWO THROUGH THE EIGHTH GRADE. THE ACADEMIC PROGRAM IS ENRICHED BY AN EXTENSIVE EXTRACURRICULAR PROGRAM SPANNING THE ARTS, PUBLICATIONS, COMMUNITY SERVICE, TRIPS AND ATHLETICS. THE SCHOOL PROVIDES A WELL-ROUNDED EDUCATION TO CHILDREN OF VARIOUS SKILLS AND ABILITIES. 12867272 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 16 1 1 113 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X RICHARD PAULUS 8476156119 145 S GREEN BAY ROAD LAKE FOREST IL 600453099 DAVID KELLER PRESIDENT 1.00 X X 0 0 0 MARLON FOX TRUSTEE 1.00 X 0 0 0 SAKEENA HAQ TRUSTEE 1.00 X 0 0 0 DAVID NEIGHBOURS SECRETARY 1.00 X X 0 0 0 ROBIN STUART TRUSTEE 1.00 X 0 0 0 CHRISTEN BISHOP TRUSTEE 1.00 X 0 0 0 ALEX GOLDFAYN TRUSTEE 1.00 X 0 0 0 ANN JONES TRUSTEE 1.00 X 0 0 0 JAMEE KANE SECRETARY 1.00 X X 0 0 0 CHIP GRACE TREASURER 1.00 X X 0 0 0 NANCY NASSR TRUSTEE 1.00 X 0 0 0 KATE HOLLAND TRUSTEE 1.00 X 0 0 0 SAMEER CHHABRIA VICE PRESIDENT 1.00 X X 0 0 0 TINA VENTURA TRUSTEE 1.00 X 0 0 0 GILLIAN GROWDON SECRETARY 1.00 X X 0 0 0 MAVI THAKKAR TRUSTEE 1.00 X 0 0 0 PHILIP KELLIHER TRUSTEE 1.00 X 0 0 0 MIMI MURLEY TRUSTEE 1.00 X 0 0 0 ROBYN ROSENBLATT TRUSTEE 1.00 X 0 0 0 JOY HURD HEAD OF SCHOOL 55.00 X 217187 0 142311 ANDREW SPERLING HEAD OF UPPER SCHOOL 50.00 X 161474 0 33858 RICHARD PAULUS DIRECTOR OF FINANCE & OPER 50.00 X 152839 0 17739 EDWARD STEWART DIRECTOR OF STUDENT PROGRAMS & ENGAGEMENT 50.00 X 123191 0 38359 ALEX SHERIDAN DIRECTOR OF ENROLLMENT, MARKETING, & FINANCIAL AID 50.00 X 114750 0 7200 SARAH WALSH HEAD OF EARLY CHILDHOOD & LOWER SCHOOL 50.00 X 129714 0 45891 DAVID MUNIZ DIRECTOR OF TECHNOLOGY 50.00 X 104248 0 52183 SARAH THOMAS DIRECTOR OF DEVELOPMENT & ALUMNI RELATIONS 50.00 X 104455 0 20240 1107858 0 357781 8 0 1 0 0 514804 1307755 72149 1822559 TUITION FEES 611600 12135964 12135964 TESTING & ADMIN. FEES 611600 303545 303545 STUDENT FEES 611600 265462 265462 TUTORING FEES 611600 148663 148663 12853634 780101 780101 33639 0 33639 33639 33639 9459187 8376063 1083124 1083124 1083124 310521 514804 129669 180852 180852 MISCELLANEOUS 611110 91262 91262 91262 16845171 12853634 0 2168978 1939459 1939459 531500 433214 76338 21948 5925377 4829639 851051 244687 371986 315446 40843 15697 831612 705212 91309 35091 462886 392530 50824 19532 22942 22942 47300 47300 78343 78343 534990 470900 64090 75239 75239 24435 17796 6639 1142539 1014460 128079 1016813 902828 113985 77618 77618 FOOD EXPENSE 475061 475061 DEPT INSTRUCTIONAL EXPE 369309 369309 SUPPLIES 302740 294386 7952 402 UTILITIES 242298 242298 737786 387116 312588 38082 15210233 12867272 1967522 375439 6536980 5878192 1225783 929683 3275061 3911358 39314121 20145200 19562793 19168921 34377848 30087116 235345 319125 65213810 60294395 1194326 1332937 10444501 10403506 22774416 22790626 1800344 417325 36213587 34944394 X 24245480 22514490 4754743 2835511 29000223 25350001 65213810 60294395 1634938 -5285160 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 35830100 493129 -4883297 0 31439932 24402343 4460620 6967137 35830100 23402772 2155134 -105499 1050064 24402343 22534996 2053177 918612 2104013 23402772 22511134 1219463 1314108 2509709 22534996 0.93938 0.04507 0.01555 0 0 885875 885875 34346104 16579796 17766308 4082142 3565404 516738 19168921 INTEREST RATE SWAP AGREEMENT 417325 417325 X 9671877 -5285160 -1939459 -7224619 16896496 78343 -129668 -51325 16845171 13322099 129668 129668 13192431 78343 1939459 2017802 15210233 PART X, LINE 2: MANAGEMENT ANNUALLY REVIEWS ITS TAX POSITIONS AND HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS NETTED AGAINST GROSS TUITION -1,939,459. PART XI, LINE 4B - OTHER ADJUSTMENTS: AUCTION EXPENSES -129,668. PART XII, LINE 2D - OTHER ADJUSTMENTS: AUCTION EXPENSES 129,668. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS NETTED AGAINST GROSS TUITION 1,939,459. SCHEDULE D, PART V, LINE 4 DRAWS FROM THE ENDOWMENT FUND ARE USED TO SUPPORT THE SCHOOL'S OPERATIONS AND MISSION. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 AN ANNUALLY PUBLISHED BULLETIN OF INFORMATION IS AVAILABLE TO ALL MEMBERS OF THE COMMUNITY AND CONTAINS A STATEMENT OF THE SCHOOL'S NONDISCRIMINATION POLICY. AUCTION 825325 514804 310521 36202 900 92567 825325 514804 310521 36202 900 92567 129669 180852 1 FINANCIAL AID IS PROVIDED TO THOSE STUDENTS WHO ARE DETERMINED TO NEED ASSISTANCE PER JUDGEMENT BY THE SCHOOL AND STUDENT SERVICE FOR FINANCIAL AID IN PRINCETON, NEW JERSEY. 78 1475268 DETERMINED BY THE SCHOOL AND STUDENT SERVICE FOR FINANCIAL AID. DISCOUNTED TUITION TUITION REMISSION IS PROVIDED FOR STUDENTS WHO ARE CHILDREN OF FACULTY AND STAFF. 19 464191 BASED ON GRADE LEVEL OF CHILDREN ENROLLED AT LAKE FOREST COUNTRY DAY SCHOOL. FREE TUITION PART I, LINE 2: THE SCHOOL BOARD ALLOCATES A BUDGETED AMOUNT FOR FINANCIAL AID. AWARDS ARE DETERMINED BY EVALUATING EACH FAMILY'S INCOME, EXPENSES, AND OTHER OBLIGATIONS. STUDENTS WHO RECEIVE AN AWARD MUST SHOW CONTINUED NEED FOR FINANCIAL AID, MEET ACADEMIC STANDARDS, AND DEMONSTRATE GOOD CITIZENSHIP. X X X 1 1 X X X 0 0 0 0 0 0 0 0 0 JOY HURD HEAD OF SCHOOL 217187 0 0 0 0 0 49335 0 92976 0 359498 0 0 0 ANDREW SPERLING HEAD OF UPPER SCHOOL 161474 0 0 0 0 0 9038 0 24820 0 195332 0 0 0 SARAH WALSH HEAD OF EARLY CHILDHOOD & LOWER SCHO 129714 0 0 0 0 0 8100 0 37791 0 175605 0 0 0 RICHARD PAULUS DIRECTOR OF FINANCE & OPER 152839 0 0 0 0 0 9525 0 8214 0 170578 0 0 0 EDWARD STEWART DIRECTOR OF STUDENT PROGRAMS & ENGAG 123191 0 0 0 0 0 7440 0 30919 0 161550 0 0 0 DAVID MUNIZ DIRECTOR OF TECHNOLOGY 104248 0 0 0 0 0 7090 0 45093 0 156431 0 0 0 PART I, LINE 1A THE HEAD OF SCHOOL JOY HURD IS PROVIDED SUBSIDIZED HOUSING, A DISCRETIONARY SPENDING ACCOUNT, SUBSIDIZED AUTOMOBILE, AND PERSONAL SERVICES. ADDITIONALLY, ANDREW SPERLING ALSO RECEIVED SUBSIDIZED HOUSING. A ILLINOIS FINANCE AUTHORITY 861091967 2013-08-01 23000000 REFINANCE BONDS INITIALLY ISSUED 06/16/2005 FOR THE DEVELOPMENT PROJECT 0 1 0 A 23000000 302924 22697076 2007 1 0 1 1 A 0 0 0 0 1 0 0 A 0 0 0 0 1 1 LAKE FOREST BANK AND TRUST COMPANY 9.083333300000 0 0 0 0 0 A 0 X 4 17114 FMV X DONATED AUCTION ITEMS 5 55035 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B FOR THE FISCAL YEAR ENDING JUNE 30, 2022, FORM 990 WAS BROUGHT TO THE FINANCE/AUDIT COMMITTEE FOR REVIEW PRIOR TO FILING. THE FINANCE AUDIT COMMITTEE HAS BEEN APPROVED TO REVIEW THE FORM 990 ON BEHALF OF THE BOARD. A COPY OF THE COMPLETE FORM 990 WAS MADE AVAILABLE TO THE BOARD FOR THEIR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR THE BOARD SIGNS A CONFLICT OF INTEREST POLICY BETWEEN BOTH TRUSTEE AND SCHOOL AND TRUSTEE AND TRUSTEE. IN CORRELATION WITH THE SCHOOL'S "HONOR CODE" PHILOSOPHY, TRUSTEES ARE EXPECTED TO ABIDE BY THIS CODE AS A WAY OF MONITORING ANY CONFLICT OF INTEREST. SHOULD ANY CONFLICT ARISE BETWEEN THE SCHOOL AND A TRUSTEE, THE CONFLICT OF INTEREST WOULD BE MADE KNOWN TO THE BOARD, WHICH WOULD THEN DETERMINE THE APPROPRIATE COURSE OF ACTION. FORM 990, PART VI, SECTION B, LINE 15 WHEN HIRING OFFICERS OR KEY EMPLOYEES, THE DAY SCHOOL REFERS TO STATISTICS PROVIDED BY THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS. FROM THIS RESOURCE THE SCHOOL USES COMPARABLE SALARIES FOR LIKE-SIZE SCHOOLS BOTH REGIONALLY AND NATIONALLY AS A REFERENCE IN DETERMINING COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. FORM 990, SCHEDULE B, AMENDMENTS THE INCORRECT DONATION AMOUNT WAS ORIGINALLY REPORTED FOR DONOR NO. 21, MR. WILLIAM GARDNER BROWN '56 AND MRS. SOLANGE BROWN. THE DONATION AMOUNT WAS ORIGINALLY REPORTED AS $19,800 AND CHANGED TO $15,000. ADDITIONALLY, THE CONTRIBUTION INFORMATION FOR DONOR NO. 34 CHANGED FROM "BENEVITY" TO "MR. AND MRS. SEAN E. MURPHY AND THE AMOUNT CHANGED FROM $10,986 TO $5,000. LASTLY, THERE WAS ONE DONOR ADDED TO THE SCHEDULE B, DONOR NO. 85, ABBOTT LABORATORIES FUND, FOR $5,000. THERE WERE NO OTHER AMENDMENTS TO THE FORM 990.