2020-02-26T15:55:49-07:00 2019-06-30 990 2018-07-01 560940956 FORSYTH COUNTRY DAY SCHOOL INC FORS 3369453151 P O Box 549 5501 SHALLOWFORD R0AD LEWISVILLE NC 270230549 ANDREA MATNEY CHIEF FINANCIAL OFFICER 3369453151 2020-02-26 24.172.13.66 2018 2020-09-23 17:36:50Z Gardner Barrier PO Box 549 5501 Shallowford Road Lewisville NC 270230549 20022574 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 OR OUR MISSION AT FORSYTH COUNTRY DAY SCHOOL IS TO PROVIDE EVERY STUDENT WITH A TRULY BALANCED EXPERIENCE, HELPING THEM PREPARE FOR WHAT'S AHEAD. EXPLORATION AND EXCELLENCE COME TOGETHER IN A VIBRANT, DYNAMIC WAY, OFFERING THE BEST OF BOTH WORLDS FOR A COMPLETE EDUCATION. 19 19 387 150 0 0 1612170 765420 14638266 15794661 884068 613857 186850 231433 17321354 17405371 2260571 2464460 0 0 10761863 11386650 0 47896 700064 4246393 4326315 17268827 18225321 52527 -819950 32324072 32052659 21870355 22557841 10453717 9494818 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 15106216 2464460 15794661 PROVIDING TRADITIONAL COLLEGE PREPARATORY EDUCATION TO APPROXIMATELY 700 STUDENTS STARTING AT PRESCHOOL THROUGH GRADE TWELVE. 0 0 0 15106216 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 0 0 0 0 0 0 0 0 0 1 43 0 1 387 1 0 0 0 0 0 0 0 0 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 1 0 1 1 1 1 1 1 1 1 0 NC X X ANDREA MATNEY ASSOC HEAD OF SCHOOL 3369453151 P O Box 549 5501 SHALLOWFORD R0AD LEWISVILLE NC 270230549 JEFF T ANDREWS TRUSTEE 5 0 X 0 0 0 T STEWART BEASON TRUSTEE 5 0 X 0 0 0 BRADFORD P BREITLING TRUSTEE 5 0 X 0 0 0 RANDELL A CAIN TRUSTEE 5 0 X 0 0 0 E GREER CAWOOD TRUSTEE / CHAIRMAN 5 0 X 0 0 0 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 CHARLES IACOVOU TRUSTEE 5 0 X 0 0 0 JEFFREY M ICKES TRUSTEE / SECRETARY 5 0 X 0 0 0 STAN C JEWELL TRUSTEE 5 0 X 0 0 0 ROBERT JOHNSON TRUSTEE / VICE-CHAIRMAN 5 0 X 0 0 0 BLAKE L MacKEEN TRUSTEE 5 0 X 0 0 0 MEREDITH B MASTEN 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 JOAN WOODARD TRUSTEE / TREASURER 5 0 X 0 0 0 ANH N YOUNG TRUSTEE 5 0 X 0 0 0 GARDNER E BARRIER HEAD OF SCHOOL 55 0 X 360718 0 50505 ANDREA M MATNEY ASSOCIATE HEAD OF SCHOOL FOR FINANCE AND OPERATIONS 55 0 X 163643 0 24680 MICHELLE L KLOSTERMAN ASSOCIATE HEAD OF SCHOOL FOR ACADEMIC AFFAIRS 50 0 X 143336 0 55399 DENNIS A MOSER LOWER SCHOOL DIRECTOR 50 0 X 103209 0 6281 VINCENT M STUMPO FORMER HEAD OF SCHOOL 0 0 X 153608 0 0 924514 0 136865 5 1 1 0 FLIK INDEPENDENT SCHOOLS P O BOX 417632 BOSTON MA 022417632 FOOD SERVICE 525921 MAGNOLIA CONSTRUCTION LLC 514 S STRATFORD ROAD SUITE 140 WINSTON SALEM NC 27103 CONSTRUCTION 230853 CENTRAL CAROLINA AIR CONDITIONING 1800-A FAIRFAX ROAD GREENSBORO NC 274170837 HEATING AND AIR 115341 3 0 0 0 0 0 765420 22925 765420 TUITION & FEES 611110 15341816 15341816 0 0 COMMUNITY PROGRAMS 611600 122185 122185 0 0 SUMMER PROGRAMS 611600 140755 140755 0 0 SCHOOL YEAR PROGRAMS 611110 115672 115672 0 0 TRANSPORTATION 611710 72433 72433 0 0 1800 1800 0 0 15794661 452455 452455 0 0 0 0 0 0 0 0 0 0 22198 0 2600 0 19598 0 19598 0 0 19598 2334871 284680 2222524 235625 112347 49055 161402 0 0 161402 0 0 0 0 0 0 0 0 0 0 0 0 228208 156454 71754 71754 0 0 MULTI-PAYMENT PLAN FEES 611710 71500 71500 0 0 FINANCE CHARGES 611710 52956 52956 0 0 FOOD SERVICE 611710 11263 11263 0 0 4362 4362 0 0 140081 17405371 16458951 0 181000 0 0 2464460 2464460 0 0 0 0 608171 168138 355963 84070 0 0 0 0 7568674 6196580 1044766 327328 329874 271765 40932 17177 2284556 1800418 375194 108944 595375 454033 112645 28697 0 0 0 0 20790 0 20790 0 39500 0 39500 0 0 0 0 0 47896 47896 46115 0 46115 0 83660 58160 25500 0 93890 0 79707 14183 385661 254075 104919 26667 193348 188495 3674 1179 0 0 0 0 812064 749704 57422 4938 119531 86916 29339 3276 0 0 0 0 71873 66244 5239 390 743004 724489 14015 4500 0 0 0 0 844572 823373 16047 5152 114242 100813 10638 2791 STUDENT PROGRAM ACTIVITIES 329965 329965 0 0 AUXILIARY EXPENSES 115364 115364 0 0 ATHLETICS 85429 85429 0 0 LOSS ON UNCONDITIONAL PROMISES TO GIVE 40915 40915 0 0 186392 126880 36636 22876 18225321 15106216 2419041 700064 3046345 3431757 0 0 367517 313018 156757 199268 0 0 0 0 0 0 131526 131571 122521 84580 43002585 27246031 16390381 15756554 12109025 12135911 0 0 0 0 0 0 0 0 32324072 32052659 1064214 1181293 0 0 4285548 4917138 15535706 15420795 0 0 0 0 203249 130183 0 0 781638 908432 21870355 22557841 X 6680133 5817424 1355133 1232233 2418451 2445161 10453717 9494818 32324072 32052659 X -819950 280766 0 0 0 -419715 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10707945 23185 721554 0 1144256 0 10308428 11014693 54099 719124 0 1079971 0 10707945 10804666 31200 1219272 0 1040455 0 11014683 11707372 5100 -37375 0 870431 0 10804666 11744382 4600 363155 0 404765 0 11707372 0.71 0.236 0.054 0 0 0 1960107 1960107 0 26557209 13561245 12995964 0 0 0 0 0 9130096 8809633 320463 0 5355173 4875153 480020 15756554 0 SWAP PAYABLE 802847 AGENCY FUNDS 105585 908432 X 14907812 280766 0 0 154905 435671 14472141 0 2933230 2933230 17405371 15866711 0 0 0 154905 154905 15711806 0 2513515 2513515 18225321 Schedule D, Part V, Line 4 Schedule D, Part V, Line 4 - ENDOWMENT FUNDS INTENDED USES: FORSYTH COUNTRY DAY SCHOOL'S ENDOWMENT CONSISTS OF APPROXIMATELY 24 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES, INCLUDING OPERATION, FINANCIAL AND PROFESSIONAL DEVELOPMENT, FACULTY COMPENSATION, SPEAKERS, PERFORMING ARTS, MATH COMPETITION, STUDENT ACTIVITIES AND UNRESTRICTED PURPOSES. Schedule D, Part X, Line 2 Schedule D, Part X, Line 2 - FIN 48 FOOTNOTE - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - TAX STATUS: "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, 2019. Schedule D, Part XI, Line 2d Schedule D, Part XI, Line 2d - OTHER ADJUSTMENTS: BOOKSTORE COST OF GOODS SOLD 152,305 AND RENTAL EXPENSES 2,600. TOTAL 154,905. Schedule D, Part XI, Line 4b Schedule D, Part XI, Line 4b - OTHER ADJUSTMENTS: FINANCIAL AID 2,464,460, CHANGE IN FAIR VALUE OF INTEREST RATE SWAP 419,715 AND GAIN ON DISPOSAL OF FIXED ASSETS 49,055. TOTAL 2,933,230. Schedule D, Part XII, Line 2d Schedule D, Part XII, Line 2d - OTHER ADJUSTMENTS: BOOKSTORE COST OF GOOD SOLD 152,305 AND RENTAL EXPENSES 2,600. TOTAL 154,905. Schedule D, Part XII, Line 4b Schedule D, Part XII, Line 4b - OTHER ADJUSTMENTS: FINANCIAL AID 2,464,460 AND GAIN ON DISPOSAL OF FIXED ASSETS 49,055. TOTAL 2,513,515. 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 NON-DISCRIMINATORY POLICY TOWARDS STUDENTS IS PUBLISHED THROUGH A PRINTED STATEMENT OF THE SCHOOL'S ADMINISTRATIVE POLICY IN LOCAL NEWSPAPERS, MAGAZINES, WEB-SITE, SOCIAL MEDIA, CATALOGS AND BROCHURES, EDUCATIONAL POLICIES AND SCHOOL ADMINISTERED PROGRAMS. X X X X 1 CAPITAL DEVELOPMENT SERVICES INC 915 W FOURTH STREET SUITE 100 WINSTON SALEM NC 27101 CONSULTS ON SCHOOL'S 50TH ANNIVERSARY CAMPAIGN. 0 0 43146 -43146 0 43146 -43146 All States 1 FINANCIAL AID 188 0 2464460 FMV FINANCIAL AID TO STUDENTS OF THE SCHOOL. Schedule I, Part I, Line 2 Schedule I, Part I, Line 2 - FORSYTH COUNTRY DAY SCHOOL'S FINANCIAL AID TO THE 188 STUDENTS AWARDED ASSISTANCE IS DIRECTLY APPLIED TO EACH STUDENT'S BILLING ACCOUNT TO OFFSET TUITION. X X 1 1 X X X X 1 0 0 0 0 0 0 0 1 0 GARDNER E BARRIER HEAD OF SCHOOL 294525 0 0 0 66193 0 16950 0 33555 0 411223 0 0 ANDREA M MATNEY ASSOCIATE HEAD OF SCHOOL FOR FINANCE AND OPERATIONS 153876 0 0 0 9767 0 9346 0 15334 0 188323 0 0 0 VINCENT M STUMPO FORMER HEAD OF SCHOOL 150000 0 0 0 3608 0 0 0 0 0 153608 0 0 0 Schedule J, Part I, Line 1a Schedule J, Part I, Line 1a - COUNTRY CLUB DUES PAID ON BEHALF OF THE HEAD OF SCHOOL, PURSUANT TO HIS EMPLOYMENT AGREEMENT IS 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 Schedule J, Part I, Line 3 - HEAD OF SCHOOL COMPENSATION: THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS AND DECIDES UPON THE COMPENSATION FOR THE HEAD OF SCHOOL. COMPARATIVE DATA WAS ANALYZED AT THE TIME OF THE MOST RECENT HIRE OF THE HEAD OF SCHOOL. Schedule J, Part I, Line 4 Schedule J, Part I, Line 4 - a.) THE FORMER HEAD OF SCHOOL RECEIVED A SEVERANCE PAYOUT IN THE AMOUNT OF $150,000. Schedule J, Part I, Line 8 Schedule J, Part I, Line 8 - BASE COMPENSATION FOR THE HEAD OF SCHOOL INCLUDES SALARY PAYMENTS MADE PURSUANT TO HIS INITIAL CONTRACTS WITH THE SCHOOL,THAT ARE CONSIDERED SUBJECT TO THE INITIAL CONTRACT EXCEPTION DESCRIBED IN REGULATIONS SECTION 53.4958-4(a)(3). 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 BB&T 5 0 0 0 0 1 A 1 Form 990, Part VI, Section A, Line 9 Form 990, Part VI, Section A, Line 9 - VINCENT M STUMPO, THE FORMER HEAD OF SCHOOL, CANNOT BE REACHED AT THE SCHOOL'S MAILING ADDRESS. HIS CURRENT ADDRESS IS 2820 CREEKFIELD WAY, WINSTON-SALEM, NC 27106. Form 990, Part VI, Section B, Line 11b Form 990, Part VI, Section B, Line 11b - FORM 990 REVIEW: 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 990. THE 990 IS REVIEWED AND SIGNED BY THE ASSOCIATE HEAD OF SCHOOL FOR FINANCE AND OPERATIONS, WHO IS AN OFFICER OF THE SCHOOL. Form 990, Part VI, Section B, Line 12c Form 990, Part VI, Section B, Line 12c - CONFLICT OF INTEREST POLICY: 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 IS TO 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 Form 990, Part VI, Section B, Line 15 - COMPENSATION: THE COMPENSATION 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 WAS ANALYZED AT THE TIME OF THE MOST RECENT HIRE OF THE HEAD OF SCHOOL. 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 19 Form 990, Part VI, Section C, Line 19 - DISCLOSURE: FORSYTH COUNTRY DAY SCHOOL'S ORGANIZATIONAL DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. SUMMARY FINANCIAL STATEMENT INFORMATION IS PROVIDED ON THE SCHOOL'S WEBSITE. 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 (419715).