2022-05-10T13:07:27-07:00 2021-06-30 990 2020-07-01 560940956 FORSYTH COUNTRY DAY SCHOOL INC FORS 3369453151 P O Box 549 5501 SHALLOWFORD R0AD LEWISVILLE NC 270230549 ANDREA MATNEY CHIEF FINANCIAL OFFICER 3369461620 2022-05-10 1 11 0 AAL2 2020 2022-09-23 18:48:47Z Gardner Barrier PO Box 549 Lewisville NC 27104 25650498 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. 20 20 424 75 0 0 1393425 4349086 16860093 18909149 656915 1419104 249256 140696 19159689 24818035 2640879 2832500 0 0 11832787 13027724 83343 68177 779249 4160941 4453614 18717950 20382015 441739 4436020 33341624 37956982 23818965 22282230 9522659 15674752 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 17070890 2832500 18909149 PROVIDING TRADITIONAL COLLEGE PREPARATORY EDUCATION TO APPROXIMATELY 880 STUDENTS STARTING AT PRESCHOOL THROUGH GRADE TWELVE. 0 0 0 17070890 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 1 0 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 18 0 1 424 1 0 0 0 0 1 1 1 1 0 0 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X ANDREA MATNEY ASSOC HEAD OF SCHOOL 3369453151 P O Box 549 5501 SHALLOWFORD R0AD LEWISVILLE NC 270230549 GARDNER E BARRIER HEAD OF SCHOOL 55 0 X 372158 0 58606 MICHELLE L KLOSTERMAN ASSOCIATE HEAD OF SCHOOL FOR ACADEMIC AFFAIRS 55 0 X 159258 0 55452 ANDREA M MATNEY ASSOCIATE HEAD OF SCHOOL FOR FINANCE AND OPERATIONS 55 0 X 170360 0 35421 NATHAN BATTLE ASSOCIATE HEAD OF SCHOOL FOR STUDENT LIFE/UPPER SCHOOL DIRECTOR 55 0 X 131655 0 37027 CHAD D GREENE TRUSTEE 5 0 X 0 0 0 VANCE L HORNER II TRUSTEE 5 0 X 0 0 0 MARISSA HOWARD-McNATT TRUSTEE 5 0 X 0 0 0 JEFFREY M ICKES VICE CHAIR 5 0 X 0 0 0 BLAKE L MacKEEN TRUSTEE/TREASURER 5 0 X 0 0 0 MEREDITH B MASTEN TRUSTEE/SECRETARY 5 0 X 0 0 0 ASHLI NICKS TRUSTEE 5 0 X 0 0 0 LORI PATTERSON TRUSTEE 5 0 X 0 0 0 ELIZABETH L QUICK TRUSTEE 5 0 X 0 0 0 ALIANA P SINDRAM TRUSTEE 5 0 X 0 0 0 DANIELLE T WILLIAMS TRUSTEE 5 0 X 0 0 0 ELLY BARRINEAU TRUSTEE 5 0 X 0 0 0 BRADFORD P BREITLING TRUSTEE 5 0 X 0 0 0 E GREER CAWOOD TRUSTEE 5 0 X 0 0 0 MARK DUNNAGAN TRUSTEE 5 0 X 0 0 0 CHERE GREGORY TRUSTEE 5 0 X 0 0 0 BEN HOLCOMB TRUSTEE/TREASURER 5 0 X 0 0 0 STAN C JEWELL TRUSTEE/CHAIR 5 0 X 0 0 0 MARK OWENS TRUSTEE 5 0 X 0 0 0 ALI TOMBERLIN TRUSTEE 5 0 X 0 0 0 833431 0 186506 4 0 1 0 Flik Independent Schools P O Box 417632 Boston MA 022417632 Food Service 315742 BSN Sports PO Box 841393 Dallas TX 752841393 Athletics Gear 101577 Geo Surfaces 150 River Park Road Mooresville NC 28117 Athletic Court Resurfacing 315130 Central Carolina Air Conditioning PO Box 7837 Greensboro NC 27417 HVAC Contractor 228812 4 0 0 0 0 2165373 2183713 52868 4349086 Tuition and Fees 611110 18530831 18530831 0 0 Summer Programs 611600 148488 148488 0 0 School Year Programs 611110 111438 111438 0 0 Community Programs 611600 67081 67081 0 0 Transportation 611710 51311 51311 0 0 0 0 0 0 18909149 308054 308054 0 0 0 0 0 0 0 0 0 0 3300 0 0 0 3300 0 3300 0 0 3300 1687740 1500 567173 11017 1120567 -9517 1111050 0 0 1111050 0 0 0 0 0 0 0 0 0 0 0 0 290765 254273 36492 36492 0 0 Multiple Payment Plan Fees 611710 79900 79900 0 0 Finance Charges 611710 6967 6967 0 0 Food Service 611710 6794 6794 0 0 7243 7243 0 0 100904 24818035 19354599 0 1114350 0 0 2832500 2832500 0 0 0 0 861811 391427 382239 88145 0 0 0 0 8620820 7167084 1068915 384821 334667 281884 37592 15191 2538092 2045423 387015 105654 672334 527513 117188 27633 0 0 0 0 29433 0 29433 0 39550 0 39550 0 0 0 0 0 68177 68177 46293 46293 0 42943 35218 0 7725 92143 0 90419 1724 404840 260671 98673 45496 265794 259123 5050 1621 0 0 0 0 872986 782187 85635 5164 73166 62579 10587 0 0 0 0 0 32588 29074 2994 520 701441 683956 13236 4249 0 0 0 0 897607 875077 17055 5475 98209 90111 6463 1635 Student Program Activities 268297 268297 0 0 Auxiliary Expenses 115277 115277 0 0 Athletics 85627 85627 0 0 Loss On Uncollectible Promises to Give 245405 245405 0 0 142015 32457 93539 16019 20382015 17070890 2531876 779249 4006416 5001454 0 0 569632 1213075 91981 194104 0 0 0 0 0 0 140574 95089 204052 181812 43684415 27843775 15624864 15840640 12704105 15430808 0 0 0 0 33341624 37956982 1145708 1230636 0 0 4388163 5610053 14992329 14544589 0 0 0 0 107463 87728 1951313 0 1233989 809224 23818965 22282230 X 5395351 10856344 4127308 4818408 9522659 15674752 33341624 37956982 X 4436020 1298082 0 0 0 417991 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10773546 1163274 2673222 0 55150 0 14554892 10308428 59699 450845 0 45426 0 10773546 10707945 23185 721554 0 1144256 0 10308428 11014693 54099 719124 0 1079971 0 10707945 10804666 31200 1219272 0 1040455 0 11014683 0.763 0.183 0.054 0 0 0 2239528 2239528 0 27095985 14668498 12427487 0 0 0 0 0 9551276 8957531 593745 0 4797626 4217746 579880 15840640 0 Swap Payable 710032 Agency Funds 99192 809224 X 23958443 1298082 0 0 247318 1545400 22413043 0 2404992 2404992 24818035 17806350 0 0 0 247318 247318 17559032 0 2822983 2822983 20382015 Schedule D, Part V, Line 4 ENDOWMENT FUNDS INTENDED USES: FORSYTH COUNTRY DAY SCHOOL'S ENDOWMENT CONSISTS OF APPROXIMATELY 29 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES, INCLUDING OPERATION, FINANCIAL AID, PROFESSIONAL DEVELOPMENT, FACULTY COMPENSATION, SPEAKERS, PERFORMING ARTS, MATH COMPETITION, STUDENT ACTIVITIES, TEACHER AWARDS, AND UNRESTRICTED PURPOSES. Schedule D, Part X, Line 2 FIN 48 FOOTNOTE: TAX STATUS: THE SCHOOL IS EXEMPT FROM FEDERAL TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE; ACCORDINGLY, THE FINANCIAL STATEMENTS OF The SCHOOL 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, 2021. Schedule D, Part XI, Line 2d OTHER ADJUSTMENTS: BOOKSTORE COST OF GOODS SOLD OF $247,318 Schedule D, Part XI, Line 4b OTHER ADJUSTMENTS: FINANCIAL AID OF $2,832,500, CHANGE IN FAIR VALUE OF INTEREST RATE SWAP ($417,991), AND LOSS ON DISPOSAL OF FIXED ASSETS OF $9,517 Schedule D, Part XII, Line 2d OTHER ADJUSTMENTS: BOOKSTORE COST OF GOODS SOLD OF $247,318 Schedule D, Part XII, Line 4b OTHER ADJUSTMENTS: FINANCIAL AID OF $2,832,500 AND LOSS ON DISPOSAL OF ASSETS OF $9,517 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Forsyth Country Day School's racially non-discriminatory policy toward students is published through a printed statement of the school's administrative policy in local newspapers, magazines, school website, social media, catalogs, brochures, educational policies and school administered programs. Schedule E, Part I, Line 6 The school received a PPP loan and funds under the EANS program as shown on Part VIII line e. X X X X X X 1 Capital Development Services 915 West Fourth Street Winston Salem NC 27101 Consultation on School's 50th Anniversary Capital Campaign 0 1136318 61752 1074566 1136318 61752 1074566 NC 1 FINANCIAL AID 195 2832500 0 FMV FORSYTH COUNTRY DAY SCHOOL'S FINANCIAL AID TO 195 STUDENTS AWARDED ASSISTANCE IS DIRECTLY APPLIED TO EACH STUDENT'S ACCOUNT TO OFFSET TUITION Schedule I, Part I, Line 2 FORSYTH COUNTRY DAY SCHOOL'S FINANCIAL AID TO 195 STUDENTS AWARDED ASSISTANCE IS DIRECTLY APPIED TO EACH STUDENT'S BILLING ACCOUNT TO OFFSET TUITION X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 GARDNER E BARRIER HEAD OF SCHOOL 278199 0 25000 0 68960 0 17100 0 41506 0 430765 0 0 0 MICHELLE L KLOSTERMAN ASSOCIATE HEAD OF SCHOOL FOR ACADEMIC AFFAIRS 129814 0 0 0 29444 0 8073 0 47379 0 214710 0 0 0 ANDREA M MATNEY ASSOCIATE HEAD OF SCHOOL FOR FINANCE AND OPERATIONS 163787 0 0 0 6573 0 9581 0 25840 0 205781 0 0 0 NATHAN BATTLE ASSOCIATE HEAD OF SCHOOL FOR STUDENT LIFE/UPPER SCHOOL DIRECTOR 102932 0 20000 0 8723 0 7050 0 29977 0 168682 0 0 0 Schedule J, Part I, Line 1a COUNTRY CLUB DUES PAID ON BEHALF OF THE HEAD OF SCHOOL, PURSUANT TO HIS EMPLOYMENT AGREEMENT, ARE INCLUDED IN TAXABLE WAGES, AS WELL AS ON SCHEDULE J, PART II. GROSS UP PAYMENTS ON BEHALF OF THE HEAD OF SCHOOL, PURSUANT TO HIS EMPLOYMENT AGREEMENT, ARE INCLUDED 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 REVIEWS AND DECIDES 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. A PUBLIC FINANCE AUTHORITY 273866124 2018-05-15 16065000 PRIOR CONSTRUCTION BOND ISSUE REDEMPTION 0 0 0 A 15865835 0 16065000 0 0 0 199165 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 X 20375 Donor Assigned X 1 2600 Donor Assigned X 6 19885 Fair market value X 4 3369 Donor Assigned X Hats 1 1285 Donor Assigned X Yard Signs, baseball signs, LAX field sign, panels and logo CAC locker 1 2793 Donor Assigned X Campus Signage 1 2561 Donor Assigned 0 0 1 0 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 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 OFFICER AND VOTING BOARD MEMBER 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 OTHER INTERESTED PERSON TO DISCLOSE ALL FACTS MATERIAL TO THE CONFLICT OF INTEREST. IF IT IS UNCLEAR AS TO WHETHER A CONFLICT EXISTS, THE CHAIRMAN OF THE BOARD WILL MAKE THE FINAL DECISION. A PERSON WITH A CONFLICT OF INTEREST SHALL NOT PARTICIPATE IN OR BE PERMITTED TO HEAR THE BOARD'S OR COMMITTEE'S DISCUSSION OF THE MATTER AND SHALL NOT VOTE ON A CONTRACT OR TRANSACTION INVOLVING THE CONFLICT OR BE PRESENT DURING THE VOTING PROCESS. Form 990, Part VI, Section B, Line 15 THE COMPENSATIONI COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS AND DECIDES UPON THE COMPENSATION FOR THE HEAD OF SCHOOL. THE COMPENSATION 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 THE MOST RECENT 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 THE NAIS. Form 990, Part VI, Section C, Line 18 IT IS AVAILABLE ON GUIDESTAR.COM Form 990, Part VI, Section C, Line 19 FORSYTH COUNTRY DAY SCHOOL'S ORGANIZATIONAL DOCUMENTS AND CONFLICT OF INTEREST STATEMENT ARE AVAILABLE TO THE PUBLIC UPON REQUEST. Form 990, Part XI, Line 9 Form 990, Part XI, Line 9 - OTHER CHANGES IN NET ASSETS: CHANGE IN FAIR VALUE OF INTEREST RATE SWAP $417,991 Form 8868 submitted and extension approved by IRS Notice CP211A on November 8, 2021