2019-11-01T10:34:10-05:00 2019-06-30 364049282 PASQUESI SHEPPARD LLC 585 BANK LANE LAKE FOREST IL 60045 990 2018-07-01 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 2019-10-08 1 TIMOTHY KLEIN P00008827 8472345000 2019-10-03 50.224.107.130 2019-10-08 08:47:31 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 F0486810F4E25B727E4EAE19B7C9EB598F3DCAAC 2018 2020-03-31 21:24:44Z RICHARD PAULUS 145 S GREEN BAY ROAD LAKE FOREST IL 60045 23372866 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. 20 20 135 378 0 0 2487647 2589167 10906273 11221178 1886542 1189035 56996 14745 15337458 15014125 1708956 1854766 0 0 7355543 7513004 0 0 415981 5138037 5395858 14202536 14763628 1134922 250497 55509805 53473157 36469068 34841594 19040737 18631563 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 12547962 1854766 11221178 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. 12547962 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 21 0 1 135 1 0 0 0 0 0 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 IL X X RICHARD PAULUS 8476156119 145 S GREEN BAY ROAD LAKE FOREST IL 600453099 AHMED FARAG PRESIDENT 1.00 X X 0 0 0 MARIANNE SILVER VICE PRESIDENT 1.00 X X 0 0 0 KATE FITZGERALD SECRETARY 1.00 X X 0 0 0 KRISTEN HERTEL TRUSTEE 1.00 X 0 0 0 DAVID NEIGHBOURS TRUSTEE 1.00 X 0 0 0 ROBIN STUART TRUSTEE 1.00 X 0 0 0 CHRISTEN BISHOP TRUSTEE 1.00 X 0 0 0 BILL GIAMBRONE TREASURER 1.00 X X 0 0 0 PEDRO DEJESUS TRUSTEE 1.00 X 0 0 0 DIANA TERLATO TRUSTEE 1.00 X 0 0 0 DAVID KELLER SECRETARY 1.00 X X 0 0 0 LAUREN GORTER TRUSTEE 1.00 X 0 0 0 KIMBERLY BEANS TRUSTEE 1.00 X 0 0 0 JEFFREY BRINCAT TRUSTEE 1.00 X 0 0 0 SAMEER CHHABRIA SECRETARY 1.00 X X 0 0 0 JAMEE KANE TRUSTEE 1.00 X 0 0 0 TED KOVAS TRUSTEE 1.00 X 0 0 0 ZAREENA KHAN TRUSTEE 1.00 X 0 0 0 MAVI THAKKAR TRUSTEE 1.00 X 0 0 0 PHILIP KELLIHER TRUSTEE 1.00 X 0 0 0 JOY HURD HEAD OF SCHOOL (BEG. 7/1/18) 55.00 X 102025 0 127796 ROBERT WHELAN HEAD OF SCHOOL (THRU 6/30/18) 55.00 X 196594 0 45917 CHRIS HARPER DIRECTOR OF FINANCE AND OP 50.00 X 123780 0 98017 PETER MOORE HEAD OF LOWER SCHOOL 50.00 X 127746 0 90716 EDWARD STEWART ATHLETIC DIRECTOR 50.00 X 113347 0 87754 ANDREW SPERLING HEAD OF UPPER SCHOOL 50.00 X 134794 0 16526 NANCY CLIFFORD TEACHER 50.00 X 104019 0 13282 902305 0 480008 8 0 1 0 TENACIOUS CLEANING SERVICES INC 481 A-IRMEN DRIVE ADDISON IL 60101 CLEANING SERVICE 230188 BRIGHTSPARK TRAVEL 8750 W BRYN MAWR AVE 450E CHICAGO IL 60631 TRAVEL AND TOURS 108681 2 853899 1735268 122454 2589167 TUITION FEES 611600 10634367 10634367 STUDENT FEES 611600 242660 242660 TESTING & ADMIN. FEES 611600 201803 201803 TUTORING FEES 611600 142348 142348 11221178 576409 576409 36146 0 36146 36146 36146 8805577 8192951 612626 612626 612626 65826 853899 165790 -99964 -99964 MISCELLANEOUS 900099 78563 78563 78563 15014125 11221178 0 1203780 1854766 1854766 298618 245741 41299 11578 5638106 4639743 779757 218606 348296 290997 43080 14219 797865 666606 98686 32573 430119 359359 53201 17559 15614 15614 43800 43800 13969 13969 362340 351878 10462 71357 71357 117914 71591 46323 1142539 1036789 105750 1164116 1056369 107747 69312 69312 FOOD EXPENSE 411399 411399 DEPT INSTRUCTIONAL EXPE 386142 386142 REPAIRS AND MAINTENANCE 328313 328313 SUPPLIES 278344 266355 9329 2660 990699 512602 359311 118786 14763628 12547962 1799685 415981 5137593 4854689 3293159 2398960 3413512 3226354 37961529 17140532 20548342 20820997 20053767 20793331 69499 68372 2993933 1310454 55509805 53473157 1136055 1058845 10640392 8630105 22725787 22741997 1966834 2410647 36469068 34841594 X 11977603 12330945 6574223 5811707 488911 488911 19040737 18631563 55509805 53473157 250497 -659671 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 22534996 2053177 918612 2104013 23402772 22511134 1219463 1314108 2509709 22534996 21841680 831678 2124466 2286690 22511134 21566182 1953075 20025 1697602 21841680 21709550 1862902 141186 2147456 21566182 0.87660 0.02090 0.10260 0 0 885875 885875 33565137 13944929 19620208 3510517 3195603 314914 20820997 INTEREST RATE SWAP AGREEMENT 2410647 2410647 X 12651509 -659671 -1854766 -2514437 15165946 13969 -165790 -151821 15014125 13060683 165790 165790 12894893 13969 1854766 1868735 14763628 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 -1,854,766. PART XI, LINE 4B - OTHER ADJUSTMENTS: AUCTION EXPENSES -165,790. PART XII, LINE 2D - OTHER ADJUSTMENTS: AUCTION EXPENSES 165,790. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS NETTED AGAINST GROSS TUITION 1,854,766. 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 919725 853899 65826 41088 7125 117577 919725 853899 65826 41088 7125 117577 165790 -99964 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. 81 1282340 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. 25 572426 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 X 1 1 X X X 0 0 0 0 0 0 0 0 0 JOY HURD HEAD OF SCHOOL (BEG. 7/1/18) 102025 0 0 0 0 0 6450 0 121346 0 229821 0 0 0 ROBERT WHELAN HEAD OF SCHOOL (THRU 6/30/18) 196594 0 0 0 0 0 8359 0 37558 0 242511 0 0 0 CHRIS HARPER DIRECTOR OF FINANCE AND OP 123780 0 0 0 0 0 8700 0 89317 0 221797 0 0 0 PETER MOORE HEAD OF LOWER SCHOOL 127746 0 0 0 0 0 8724 0 81992 0 218462 0 0 0 EDWARD STEWART ATHLETIC DIRECTOR 113347 0 0 0 0 0 6370 0 81384 0 201101 0 0 0 ANDREW SPERLING HEAD OF UPPER SCHOOL 134794 0 0 0 0 0 8368 0 8158 0 151320 0 0 0 PART I, LINE 1A THE HEAD OF SCHOOL (ROBERT WHALEN THROUGH JUNE 30, 2018; JOY HURD THEREAFTER) IS PROVIDED SUBSIDIZED HOUSING, A DISCRETIONARY SPENDING ACCOUNT, SUBSIDIZED AUTOMOBILE, AND PERSONAL SERVICES. ADDITIONALLY, PETER MOORE AND CHRIS HARPER 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 10 117975 FAIR MARKET VALUE X 31 1580 FAIR MARKET VALUE X FURNITURE 5 2900 THRIFT SHOP VALUE 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B FOR THE FISCAL YEAR ENDING JUNE 30, 2019, 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.