2017-04-03T13:52:42-07:00 2016-06-30 990 2015-07-01 560940956 FORSYTH COUNTRY DAY SCHOOL INC FORS 3369453151 P O Box 549 5501 SHALLOWFORD R0AD LEWISVILLE NC 270230549 ANDREA MATNEY CHIEF FINANCIAL OFFICER 3369453151 2017-03-08 2015 2021-01-29 14:40:06Z GARDNER E BARRIER P O BOX 549 5501 SHALLOWFORD ROAD LEWISVILLE NC 270230549 18865672 0 X WWW.FCDS.ORG X 1970 NC FORSYTH COUNTRY DAY SCHOOL PROVIDE'S COMPREHENSIVE EDUCATIONAL PROGRAMS TO CHILDREN FROM AGE 2 THROUGH GRADE 12 IN A CHALLENGING AND ENGAGING ENVIRONMENT THAT PROVIDES THE INSTRUCTION, EXPERIENCES AND SUPPORT NECESSARY TO DEVELOP FULLY THE INTELLECTUAL CREATIVE SOCIAL AND PHYSICAL POTENTIAL OF EACH STUDENT. 19 19 344 150 0 0 701728 648989 14969271 14178541 331192 380727 262113 180258 16264304 15388515 2006009 1952912 0 0 10206768 10447082 0 0 574649 4406647 4245591 16619424 16645585 -355120 -1257070 35079738 33259255 24591577 24534044 10488161 8725211 FORSYTH COUNTRY DAY SCHOOL PROVIDE'S COMPREHENSIVE EDUCATIONAL PROGRAMS TO CHILDREN FROM AGE 2 THROUGH GRADE 12 IN A CHALLENGING AND ENGAGING ENVIRONMENT THAT PROVIDES THE INSTRUCTION, EXPERIENCES AND SUPPORT NECESSARY TO DEVELOP FULLY THE INTELLECTUAL CREATIVE SOCIAL AND PHYSICAL POTENTIAL OF EACH STUDENT. 0 0 13199230 1952912 14346808 PROVIDING TRADITIONAL COLLEGE PREPARATORY EDUCATION TO APPROXIMATELY 663 STUDENTS STARTING AT AGE TWO THROUGH GRADE TWELVE. 0 0 0 13199230 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 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 33 0 1 344 1 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 M MATNEY CFO 3369453151 P O Box 549 5501 SHALLOWFORD R0AD LEWISVILLE NC 270230549 KELLY BARHAM BAIRD TRUSTEE 5 0 X 0 0 0 MICHAEL B BAUGHAN TRUSTEE 5 0 X 0 0 0 T STEWART BEASON TRUSTEE 5 0 X 0 0 0 JEREMY P BURNETT TRUSTEE 5 0 X 0 0 0 RANDELL A CAIN TRUSTEE 5 0 X 0 0 0 E GREER CAWOOD TRUSTEE 5 0 X 0 0 0 MICHELLE B CLIFTON TRUSTEE / SECRETARY 5 0 X 0 0 0 DOUGLAS B CONSTABLE TRUSTEE / TREASURER 5 0 X 0 0 0 JEFFERY T LINDSAY TRUSTEE / VICE-CHAIRMAN 5 0 X 0 0 0 KINSEY B MITCHELL TRUSTEE 5 0 X 0 0 0 ELIZABETH L QUICK TRUSTEE 5 0 X 0 0 0 ANDREW M SCHNEIDER TRUSTEE 5 0 X 0 0 0 ROB E SHOWFETY TRUSTEE / CHAIRMAN 5 0 X 0 0 0 MARGARET D TOWNSEND TRUSTEE 5 0 X 0 0 0 THOMAS H WESTBROOK TRUSTEE 5 0 X 0 0 0 DANIELLE T WILLIAMS TRUSTEE 5 0 X 0 0 0 JOAN WOODARD TRUSTEE 5 0 X 0 0 0 PETER J WORCESTER TRUSTEE 5 0 X 0 0 0 ANH N YOUNG TRUSTEE 5 0 X 0 0 0 PETER C EGAN ADMISSIONS DIRECTOR 50 0 X 121504 0 23087 VINCENT M STUMPO HEAD OF SCHOOL 55 0 X 440671 0 82346 ANDREA M MATNEY CHIEF FINANCIAL OFFICER 55 0 X 192044 0 34238 CLINTON R CALZINI UPPER SCHOOL DIRECTOR 50 0 X 103994 0 42522 858213 0 182193 4 0 1 0 FLIK INDEPENDENT SCHOOLS P O BOX 417632 BOSTON MA 022417632 FOOD SERVICE 510857 CENTRAL CAROLINA AIR CONDITIONING 1800-A FAIRFAX ROAD GREENSBORO NC 274170837 HEATING AND AIR 201614 2 0 0 0 0 0 648989 12517 648989 TUITION and FEES 611110 13842673 13842673 0 0 SUMMER PROGRAMS 611600 97488 97488 0 0 COMMUNITY PROGRAMS 611600 87708 87708 0 0 INTERNATIONAL SEMESTER INCOME 611600 76535 76535 0 0 TRANSPORTATION 611710 67497 67497 0 0 6640 6640 0 0 14178541 434921 0 0 434921 0 0 0 0 0 0 0 0 15600 0 3609 0 11991 0 11991 0 0 11991 3234933 3417 3289587 2957 -54654 460 -54194 0 0 -54194 0 0 0 0 0 0 0 0 0 0 0 0 235300 181004 54296 54296 0 0 MULTI-PAYMENT PLAN FEES 611710 53500 53500 0 0 FINANCE CHARGES 611710 40965 40965 0 0 FOOD SERVICE 611710 18046 18046 0 0 1460 1460 0 0 113971 15388515 14346808 0 392718 0 0 1952912 1952912 0 0 0 0 1448662 503663 693166 251833 0 0 0 0 6582203 5362339 1010686 209178 312244 228763 74568 8913 1581575 1126490 413510 41575 522398 355283 153271 13844 0 0 0 0 20977 0 20977 0 43175 0 43175 0 0 0 0 0 0 0 48075 0 48075 0 135854 48242 87612 0 76769 0 70732 6037 320439 209671 102980 7788 166539 162359 3164 1016 0 0 0 0 761312 716331 40429 4552 91748 80932 7665 3151 0 0 0 0 58302 55029 2164 1109 759259 733282 21464 4513 0 0 0 0 1014698 989229 19279 6190 148508 128387 18141 1980 STUDENT PROGRAM ACTIVITIES 208607 208607 0 0 ATHLETICS 100778 100778 0 0 LOSS ON UNCONDITIONAL PROMISES TO GIVE 65766 65766 0 0 BAD DEBT EXPENSE 17223 17223 0 0 207562 153944 40648 12970 16645585 13199230 2871706 574649 2945530 2669829 0 0 423191 334287 190370 128496 0 0 0 0 0 0 157692 141239 146253 121516 42655035 25182882 18377632 17472153 12839070 12391735 0 0 0 0 0 0 0 0 35079738 33259255 1274835 1683940 0 0 3637778 3782283 18060284 17307695 0 0 0 0 287742 266116 0 0 1330938 1494010 24591577 24534044 X 6944485 5228432 1223923 1171926 2319753 2324853 10488161 8725211 35079738 33259255 X -1257070 -342584 0 0 0 -163296 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11636551 5100 -37375 0 761669 0 10842607 11673561 4600 363155 0 404765 0 11636551 11302535 1000 1507675 0 1137649 0 11673561 10555466 507026 1179427 0 939384 0 11302535 10055624 1544870 -660490 0 384538 0 10555466 0.745 0.214 0.041 0 0 0 2281672 2281672 0 25869437 12063447 13805990 0 0 0 0 0 8918273 8423457 494816 0 5585653 4695978 889675 17472153 0 SWAP PAYABLE 1388039 AGENCY FUNDS 105971 1494010 X 13106780 -342584 0 0 177517 -165067 13271847 0 2116668 2116668 15388515 14869730 0 0 0 177517 177517 14692213 0 1953372 1953372 16645585 Schedule D, Part V, Line 4 ENDOWMENT FUNDS INTENDED USES: FORSYTH COUNTRY DAY SCHOOL'S ENDOWMENT CONSISTS OF APPROXIMATELY 20 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES, INCLUDING OPERATION, FINANCIAL AID, PROFESSIONAL DEVELOPMENT, FACULTY COMPENSATION, SPEAKERS, PERFORMING ARTS AND UNRESTRICTED PURPOSES. 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, 2016. Schedule D, Part XI, Line 2d OTHER ADJUSTMENTS: COST OF GOODS SOLD - BOOKSTORE 173,908; AND, RENTAL EXPENSES 3,609; TOTAL 177,517 . Schedule D, Part XI, Line 4b OTHER ADJUSTMENTS: FINANCIAL AID 1,952,912; CHANGE IN FAIR VALUE OF INTEREST RATE SWAP 163,296; AND, GAIN ON SALE OF FIXED ASSETS 460; TOTAL 2,116,668. Schedule D, Part XII, Line 2d OTHER ADJUSTMENTS: COST OF GOODS SOLD - BOOKSTORE 173,908; AND, RENTAL EXPENSES 3,609; TOTAL 177,517. Schedule D, Part XII, Line 4b OTHER ADJUSTMENTS: FINNANCIAL AID 1,952,912; AND, GAIN ON SALE OF FIXED ASSETS 460; TOTAL 1,953,372. 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-DISCRIMNATORY POLICY TOWARDS STUDENTS IS PUBLISHED THROUGH A PRINTED STATEMENT OF THE SCHOOL'S ADMINISTRATIVE POLICY IN LOCAL NEWSPAPERS, MAGAZINES, WEB-SITE, CATALOGS AND BROCHURES, EDUCATIONAL POLICIES AND SCHOOL ADMINISTERED PROGRAMS. 1 FINANCIAL AID TO STUDENTS OF THE SCHOOL 176 1952912 0 FMV Schedule I, Part I, Line 2 Schedule I, Part I, Line 2 - FORSYTH COUNTRY DAY SCHOOL'S FINANCIAL AID TO THE 185 STUDENTS AWARDED ASSISTANCE IS DIRECTLY APPLIED TO EACH STUDENT'S BILLING ACCOUNT TO OFFSET TUITION. X 1 1 X X X X 0 1 0 0 0 0 0 0 1 0 VINCENT M STUMPO HEAD OF SCHOOL 415241 0 0 0 25430 0 46207 0 36139 0 523017 0 0 0 ANDREA M MATNEY CHIEF FINANCIAL OFFICER 140779 0 0 0 51265 0 8480 0 25758 0 226282 0 40000 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 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 - LINE 4b - THE HEAD OF SCHOOL AND THE CHIEF FINANCIAL OFFICER PARTICIPATED IN A SECTION 457(f) PLAN. PURSUANT TO THE 457(f) PLAN $30,607 AND $10,000 WAS ACCRUED TO THE HEAD OF SCHOOL AND CHIEF FINANCIAL OFFICER, RESPECTIVELY. THE CHIEF FINANCIAL OFFICER RECEIVED A PAY-OUT OF HER DEFERRED COMPENSATION IN THE AMOUNT OF $50,000 DURING THE CALENDAR YEAR 2015, $40,000 OF WHICH WAS PREVIOUSLY REPORTED ON SCHEDULE J, PART II, COLUMN C IN 2011 THROUGH 2014. 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 CONTRACT WITH THE SCHOOL,THAT ARE CONSIDERED SUBJECT TO THE INITIAL CONTRACT EXCEPTION DESCRIBED IN REGULATIONS SECTION 53.4958-4 (a)(3). A NC CAPITAL FACILITIES FINANCE AGENCY 561592154 2013-08-21 19487000 PRIOR CONSTRUCTION BOND ISSUE REDEMPTION 0 0 0 A 19362000 0 19487000 0 0 0 125000 0 0 0 0 0 2006 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 7 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 CHIEF FINANCIAL OFFICER, 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, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST AND 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 163,296.