2021-09-15T10:40:30-05:00 2021-06-30 364049282 PASQUESI SHEPPARD LLC 585 BANK LANE LAKE FOREST IL 60045 990 2020-07-01 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 2021-09-01 1 RICHARD PAULUS 999009999 TIMOTHY KLEIN P00008827 8472345000 2021-08-31 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z RICHARD PAULUS 145 S GREEN BAY ROAD LAKE FOREST IL 60045 23609144 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 19 123 374 0 0 1541021 6774416 11114482 11902791 64062 1372170 4586 116414 12724151 20165791 1955030 2169484 0 0 7798675 7519904 0 0 345065 4713829 4791903 14467534 14481291 -1743383 5684500 52878172 65213810 36126238 36213587 16751934 29000223 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 12363702 2169484 11902791 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. 12363702 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 13 0 1 123 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 KRISTEN HERTEL 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 DIANA TERLATO TRUSTEE 1.00 X 0 0 0 JAMEE KANE SECRETARY 1.00 X X 0 0 0 CHIP GRACE TRUSTEE 1.00 X 0 0 0 KIMBERLY BEANS TRUSTEE 1.00 X 0 0 0 KATE HOLLAND TRUSTEE 1.00 X 0 0 0 SAMEER CHHABRIA SECRETARY 1.00 X X 0 0 0 TED KOVAS TREASURER 1.00 X 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 211754 0 146932 RICHARD PAULUS DIRECTOR OF FINANCE & OPERATIONS 50.00 X 152250 0 12470 PETER MOORE HEAD OF LOWER SCHOOL 50.00 X 128029 0 18075 EDWARD STEWART ATHLETIC DIRECTOR 50.00 X 119802 0 64675 ANDREW SPERLING HEAD OF UPPER SCHOOL 50.00 X 141693 0 17257 SARAH WALSH ASSISTANT HEAD OF LOWER SCHOOL 50.00 X 108129 0 54786 DAVID MUNIZ DIRECTOR OF TECHNOLOGY 50.00 X 101351 0 58263 963008 0 372458 8 0 1 0 0 582054 1189052 5003310 118444 6774416 TUITION FEES 611600 11348753 11348753 STUDENT FEES 611600 248139 248139 TESTING & ADMIN. FEES 611600 173474 173474 TUTORING FEES 611600 132425 132425 11902791 533215 533215 16887 0 16887 16887 16887 4201115 3362160 838955 838955 838955 45755 582054 81193 -35438 -35438 MISCELLANEOUS 900099 134965 134965 134965 20165791 11902791 0 1488584 2169484 2169484 364004 300833 47811 15360 5648325 4668096 741889 238340 347022 290598 41944 14480 720816 603616 87124 30076 439737 368239 53150 18348 23956 23956 45100 45100 56485 56485 481814 440949 40865 57541 57541 27524 14162 13362 1142539 1019337 123202 995728 888357 107371 78760 78760 DEPT INSTRUCTIONAL EXPE 427176 427176 SUPPLIES 321816 315801 5811 204 UTILITIES 251957 251957 REPAIRS AND MAINTENANCE 167418 167418 714089 358919 326913 28257 14481291 12363702 1772524 345065 7168427 6536980 1656716 1225783 3465893 3275061 38691180 19128387 20105734 19562793 20324870 34377848 156532 235345 52878172 65213810 1182191 1194326 8284108 10444501 22758207 22774416 1189052 0 2712680 1800344 36126238 36213587 X 12231796 24245480 4520138 4754743 16751934 29000223 52878172 65213810 5684500 6563789 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 24402343 4460620 6967137 0 35830100 23402772 2155134 -105499 1050064 24402343 22534996 2053177 918612 2104013 23402772 22511134 1219463 1314108 2509709 22534996 21841680 831678 2124466 2286690 22511134 0.90151 0.01365 0.08484 0 0 885875 885875 33907971 15696842 18211129 3897334 3431545 465789 19562793 INTEREST RATE SWAP AGREEMENT 1800344 1800344 X 24584804 6563789 -2169484 4394305 20190499 56485 -81193 -24708 20165791 12336515 81193 81193 12255322 56485 2169484 2225969 14481291 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 -2,169,484. PART XI, LINE 4B - OTHER ADJUSTMENTS: AUCTION EXPENSES -81,193. PART XII, LINE 2D - OTHER ADJUSTMENTS: AUCTION EXPENSES 81,193. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS NETTED AGAINST GROSS TUITION 2,169,484. 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 627809 582054 45755 49798 14459 16936 627809 582054 45755 49798 14459 16936 81193 -35438 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. 75 1568254 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. 24 601230 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 211754 0 0 0 0 0 48951 0 97981 0 358686 0 0 0 EDWARD STEWART ATHLETIC DIRECTOR 119802 0 0 0 0 0 6744 0 57931 0 184477 0 0 0 RICHARD PAULUS DIRECTOR OF FINANCE & OPERATIONS 152250 0 0 0 0 0 9270 0 3200 0 164720 0 0 0 SARAH WALSH ASSISTANT HEAD OF LOWER SCHOOL 108129 0 0 0 0 0 6000 0 48786 0 162915 0 0 0 DAVID MUNIZ DIRECTOR OF TECHNOLOGY 101351 0 0 0 0 0 6900 0 51363 0 159614 0 0 0 ANDREW SPERLING HEAD OF UPPER SCHOOL 141693 0 0 0 0 0 8796 0 8461 0 158950 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, PETER MOORE, DAVID MUNIZ, AND SARAH WALSH 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 7 25472 FMV X 3000 14250 FMV X DONATED AUCTION ITEMS 3 78722 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B FOR THE FISCAL YEAR ENDING JUNE 30, 2021, 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.