2017-05-15T15:17:10-05:00 2016-06-30 271235638 MOUNTJOY CHILTON MEDLEY LLP 462 S FOURTH ST SUITE 2600 LOUISVILLE KY 402023445 990 2015-07-01 610731998 KENTUCKY COUNTRY DAY SCHOOL INC KENT 5024230440 4100 SPRINDALE ROAD LOUISVILLE KY 40241 CINDY STADULIS ASSISTANT HEAD OF SCHOOL 5024230440 2017-05-15 1 REBECCA L PHILLIPS CPA P00024055 5027491900 2015 2021-01-29 14:40:06Z BRADLEY E LYMAN 4100 SPRINDALE ROAD LOUISVILLE KY 40241 41724424 0 X WWW.KCD.ORG X 1972 KY HIGH QUALITY EDUCATION. 22 22 295 700 270853 -180513 883864 698536 15258404 18299144 905129 1091048 280398 386118 17327795 20474846 0 0 0 0 11700288 11985198 40742 0 712035 5293858 8116467 17034888 20101665 292907 373181 37238520 35667077 8782140 7848263 28456380 27818814 X TO PROVIDE THE HIGHEST QUALITY EDUCATION THROUGH AN EXCEPTIONALLY QUALIFIED FACULTY IN AN INCREASINGLY DIVERSE EDUCATIONAL COMMUNITY. 0 0 14532270 18299144 ACADEMICS: KCD'S OVER 96 TEACHERS FOCUS ON PROVIDING STIMULATION FOR INDIVIDUAL EXPRESSION AND ACHIEVEMENT FOR THE 903 STUDENTS ENROLLED IN GRADES K-12. TECHNOLOGY IS USED IN INSTRUCTION FROM AN EARLY AGE, AND ALL MIDDLE SCHOOL AND UPPER SCHOOL STUDENTS HAVE LAPTOPS FOR CLASSWORK AND ASSIGNMENTS. THE MAJORITY OF KCD'S UPPER SCHOOL STUDENTS ATTEND COLLEGE, INCLUDING MANY OF THE TOP COLLEGES AND UNIVERSITIES IN THE COUNTRY. ARTS: KCD STUDENTS OF ALL AGE LEVELS DEVELOP THEIR ARTISTIC, THEATRICAL AND MUSICAL TALENTS THROUGH A WIDE RANGE OF PROGRAMS, INCLUDING PERFORMANCE IN A 400 SEAT THEATER.ATHLETICS: KCD STUDENTS DEVELOP THEIR BODIES AND CHARACTERS THROUGH PARTICIPATION IN A VERY WIDE RANGE OF INTERSCHOLASTIC AND INTRAMURAL SPORTS PROGRAMS. 14532270 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 0 1 1 1 0 0 0 1 1 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 1 25 0 1 295 1 1 1 0 0 0 0 1 1 0 0 0 0 X 22 22 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 KY X CINDY STADULIS 5024230440 4100 SPRINDALE ROAD LOUISVILLE KY 40241 BARBIE DICKENS CHAIR 1.00 X X 0 0 0 GEORGE J WAGNER III VICE CHAIR 1.00 X X 0 0 0 AMAR KHADEY SECRETARY 1.00 X X 0 0 0 PAM KLINNER TREASURER 1.00 X X 0 0 0 LEE GARLOVE TRUSTEE 1.00 X 0 0 0 SHANE SHAPS TRUSTEE 1.00 X 0 0 0 KATHY COX TRUSTEE 1.00 X 0 0 0 SUSAN DIAMOND TRUSTEE 1.00 X 0 0 0 ELIZABETH POINDEXTER TRUSTEE 1.00 X 0 0 0 AMY PURKISS TRUSTEE 1.00 X 0 0 0 W AUSTIN MUSSELMAN JR TRUSTEE 1.00 X 0 0 0 TAMMALA RIGNEY TRUSTEE 1.00 X 0 0 0 WILLIAM EDWIN LEWIS TRUSTEE 1.00 X 0 0 0 HANK ALFORD TRUSTEE 1.00 X 0 0 0 SHELLY BREIER TRUSTEE 1.00 X 0 0 0 JOHN ANZALONE TRUSTEE 1.00 X 0 0 0 RICHARD HC CLAY TRUSTEE 1.00 X 0 0 0 RODERICK PURDY TRUSTEE 1.00 X 0 0 0 DR KIMATHI DOSS TRUSTEE 1.00 X 0 0 0 ORN GUDMUNDSSON TRUSTEE 1.00 X 0 0 0 MOLLIE MULLOY CREASON TRUSTEE 1.00 X 0 0 0 SEEMA SHETH TRUSTEE 1.00 X 0 0 0 CINDY STADULIS ASSISTANT HEAD OF SCHOOL FOR FINANCE & OPERATIONS 50.00 X 117030 0 6452 BRADLEY LYMAN HEAD OF SCHOOL 50.00 X 349965 0 30106 ANNE GLOSKY ASSISTANT HEAD OF SCHOOL 50.00 X 116354 0 9150 JAMES T GREEN ATHLETIC DIRECTOR 50.00 X 123441 0 20164 MARCHE HARRIS UPPER SCHOOL HEAD 50.00 X 118563 0 12251 FRANK HEIL OPERATIONS DIRECTOR 50.00 X 107940 0 8227 AMY MENDEL LOWER SCHOOL HEAD 50.00 X 102502 0 10318 1035795 0 96668 7 0 1 0 0 73734 624802 38005 698536 TUITION AND FEES 611710 17486964 17486964 AFTER SCHOOL PROGRAMS 611710 235872 235872 SUMMER PROGRAM INCOME 611710 186457 186457 MISCELLANEOUS 611710 161542 161542 ARTS ACADEMY 611710 161076 161076 67233 67233 18299144 782300 782300 42209 1592 40617 40617 40617 21470685 173 21162110 0 308575 173 308748 308748 2925 73734 68480 -65555 -65555 183393 17396 165997 165997 THEATRE PERFORMANCES 900004 230236 230236 MISCELLANEOUS INCOME 900099 14823 14823 245059 20474846 18299144 270853 1206313 634593 111158 412277 111158 9261773 6654320 2370022 237431 603518 497909 90730 14879 739996 602870 126036 11090 745318 603766 121695 19857 7567 7567 54000 54000 36192 36192 217279 86256 131023 125943 64905 61038 677810 346590 315141 16079 176243 171155 5088 695806 395539 279903 20364 1221 589 632 160155 160155 1056830 717680 302201 36949 77980 77980 FINANCIAL AID 2850283 2850283 INSTRUCTIONAL - OTHER 899976 853277 17379 29320 ADMINISTRATIVE - OTHER 675348 374229 114051 187068 THEATRE PERFORMANCES 265314 265314 138520 107585 8183 22752 20101665 14532270 4857360 712035 337 350 1153664 1526727 289103 88304 51820 53851 2905 0 196219 196319 32089568 13421177 19235467 18668391 12926534 11010523 30894 23594 3351577 4099018 37238520 35667077 1510984 1512614 2938842 3250592 3934240 2694330 81 0 397993 390727 8782140 7848263 X 13463640 13158108 3372871 2883814 11619869 11776892 28456380 27818814 37238520 35667077 X 373181 -1176403 165656 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13156195 162192 -80897 1355448 36192 11845850 13844122 163944 -102871 718398 30602 13156195 13370471 235728 1573254 1303517 31814 13844122 12483233 85200 1409530 572000 35592 13370371 13226424 108048 -236875 578000 36364 12483233 0.04940 0.72270 0.22790 0 0 672470 672470 20417125 6074873 14342252 5051734 3949129 1102605 5948239 3397175 2551064 18668391 OTHER RECEIVABLES 902242 BENEFICIAL INTEREST IN CHARITABLE TRUSTS 3173605 OTHER RECEIVABLES 23171 4099018 DEPOSITS HELD FOR OTHERS 215708 FAIR VALUE OF INTEREST RATE SWAP 175019 390727 X 16552750 -1176403 139190 -1037213 17589963 36192 2848691 2884883 20474846 17190316 -690 -690 17191006 36192 2874467 2910659 20101665 PART V, LINE 4: THE INTENDED USE OF THE ORGANIZATION'S ENDOWMENT FUND IS TO SUPPORT OPERATIONS. PART X, LINE 2: THE SCHOOL IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. ACCORDINGLY, NO INCOME TAX EXPENSE IS REFLECTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE SCHOOL RECOGNIZES UNCERTAIN INCOME TAX POSITIONS USING THE "MORE-LIKELY-THAN-NOT" APPROACH AS DEFINED IN THE ASC. NO LIABILITY FOR UNCERTAIN INCOME TAX POSITIONS HAS BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT-INTEREST TRUST 139,190. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID EXPENSES 2,850,283. RENTAL EXPENSES -1,592. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN CONTRIBUTION RECEIVABLE ALLOWANCE -690. PART XII, LINE 4B - OTHER ADJUSTMENTS: CHANGE IN FAIR VALUE OF CASH FLOW HEDGE 25,776. FINANCIAL AID EXPENSES 2,850,283. RENTAL EXPENSES -1,592. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 RACIALLY NONDISCRIMINATORY POLICIES ARE PUBLICIZED THROUGH ADVERTISEMENT BOTH IN PRINT AND BROADCAST. 1 CAMPBELL & COMPANY 1031 WELLINGTON WAY 115 LEXINGTON KY 40513 FEASIBILITY STUDY 0 0 90700 -90700 90700 -90700 KY AUCTION 76659 73734 2925 68480 76659 73734 2925 68480 68480 -65555 183393 17396 0 183393 17396 17396 165997 KY 1 0 1 0 1.00000 WENDY HESKETH 4100 SPRINGDALE ROAD LOUISVILLE KY 40241 0 GENTRY EASLEY OVERSEES DISTRIBUTION AND COLLECTION OF RAFFLE TICKETS, DEPOSITS MONEY FROM SALES OF RAFFLE TICKETS AND FILES CHARITABLE GAMING REPORTS WITH THE STATE. X 0 SCHEDULE G, PART I, LINE 2B, COLUMN (V) KCD HIRED A CONSULTANT TO PERFORM A FEASIBILITY STUDY REGARDING THEIR CAPITAL CAMPAIGN. X X X 1 1 X X 0 1 0 0 0 0 0 1 0 BRADLEY LYMAN HEAD OF SCHOOL 324810 0 25155 0 0 0 20369 0 9737 0 380071 0 0 0 PART I, LINE 1A THE HEAD OF SCHOOL LIVES IN A HOME OWNED BY THE SCHOOL. THE HEAD PAYS RENT TO KENTUCKY COUNTRY DAY SCHOOL AND HIS WAGES ARE INCREASED BY AN AMOUNT COMMENSURATE WITH THE RENT AND ITS TAXABLE EFFECT OF THE HEAD'S INCOME. THE UTILITIES AND MAINTENANCE EXPENSES ASSOCIATED WITH THE AFOREMENTIONED HOUSE ARE PAID BY KENTUCKY COUNTRY DAY SCHOOL. CERTAIN SOCIAL CLUB DUES THROUGH WHICH THE HEAD OF SCHOOL CAN SOLICIT DONATIONS TO THE SCHOOL ARE PAID FOR BY KENTUCKY COUNTRY DAY. PART I, LINE 7 THE HEAD OF SCHOOL'S ANNUAL BONUS IS BASED ON PREDETERMINED SCHOOL OBJECTIVES ESTABLISHED AND APPROVED ANNUALLY BY THE BOARD OF TRUSTEES. THE HEAD OF SCHOOL'S BONUS PAID DURING THE 2015 CALENDAR YEAR WAS $25,155. A CITY OF BROWNSBORO FARM KENTUCKY 610845788 2009-11-01 2900157 EDUCATIONAL FACILITIES REVENUE BONDS 0 0 0 B CITY OF BROWNSBORO FARM KENTUCKY 610845788 2009-11-01 4945780 EDUCATIONAL FACILITIES REVENUE BONDS 0 0 0 A 1736566 2900157 26354 2873803 2001 1 0 1 1 B 3415041 4945780 44943 4900839 2010 0 0 1 1 A 0 0 0 0 0 0 1 B 0 1 0 0 0.00540 0.04110 0.04650 0 0 1 A 0 0 0 1 1 1 STOCK YARDS BANK 10.000000000000 0 0 0 0 0 B 0 0 0 1 1 1 STOCK YARDS BANK 10.000000000000 0 0 0 0 0 A 0 B 0 164062 DISCOUNTED TUITION JANE LYMAN KCD TEACHER 70105 JANE LYMAN, A TEACHER AT AND EMPLOYEE OF KCD, IS THE WIFE OF BRAD LYMAN, THE HEAD OF THE SCHOOL. THE AMOUNT OF THE TRANSACTION LISTED IS THAT OF THE WAGES PAID TO JANE LYMAN FOR HER TEACHING. 0 JEFF TOPHAM KCD ADMINISTRATOR 68600 JEFF TOPHAM, AN ADMINISTRATOR AT AND EMPLOYEE OF KCD, IS THE HUSBAND OF ANNE GLOSKY, THE ASSISTANT HEAD OF SCHOOL. THE AMOUNT OF THE TRANSACTION LISTED IS THAT OF THE WAGES PAID TO JEFF TOPHAM. 0 X 12 26253 AVERAGE STOCK VALUE X AUCTION ITEMS 54 11752 FAIR MARKET VALUE 0 0 0 0 FORM 990, PART VI, SECTION A, LINE 3 CONTROLLER FUNCTION PERFORMED BY ARGI. FORM 990, PART VI, SECTION B, LINE 11 THE 990 IS REVIEWED BY THE FINANCE DIRECTOR AND THE BOARD OF DIRECTORS. THE 990 IS ONLY APPROVED BY THE FINANCE COMMITTEE. ALL MEMBERS OF THE GOVERNING BODY ARE PROVIDED A COPY OF THE FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C KCD CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY. THE CONFLICT OF INTEREST POLICY IS REQUIRED TO BE COMPLETED AND SIGNED BY TRUSTEES, CERTAIN OFFICERS AND KEY EMPLOYEES. FORM 990, PART VI, SECTION B, LINE 15 A SPECIAL COMPENSATION COMMITTEE CONSISTING OF CURRENT BOARD MEMBERS, REVIEWS COMPARABLE DATA AND INDEPENDENT FINDINGS BEFORE ESTABLISHING THE COMPENSATION OF THE HEAD OF SCHOOL. THE HEAD OF SCHOOL DETERMINES THE OFFICERS' COMPENSATION. THE HEAD OF SCHOOL TAKES INTO CONSIDERATION REPORTS FROM INDEPENDENT SCHOOL DATA EXCHANGE (INDEX), MARKET CONSIDERATIONS (SUCH AS SIMILAR POSITIONS AT OTHER SCHOOLS), PERFORMANCE AND THE OVERALL COMPENSATION POOL. FORM 990, PART VI, SECTION C, LINE 19 KENTUCKY COUNTRY DAY SCHOOL DOES NOT MAKE ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. THE CONFLICT OF INTEREST POLICY IS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST TRUST 139,190. UNCOLLECTIBLE CONTRIBUTIONS 690. CHANGE IN FAIR VALUE OF CASH FLOW HEDGE 25,776. FORM 990, PART XII, LINE 2C: THE FINANCE, AUDIT AND INVESTMENT COMMITTEE RECOMMENDS THE APPOINTMENT OF THE OUTSIDE AUDITORS TO THE ENTIRE BOARD OF TRUSTEES FOR APPROVAL. THIS COMMITTEE MEETS WITH THE OUTSIDE AUDITORS PRIOR TO THE BEGINNING OF THE AUDIT TO DISCUSS SCOPE AND OBJECTIVES OF THE AUDIT. THIS COMMITTEE IS ALSO AVAILABLE DIRECTLY TO THE OUTSIDE AUDITORS AS THE AUDIT PROGRESSES. UPON COMPLETION OF THE AUDIT, THE COMMITTEE MEETS AGAIN WITH THE OUTSIDE AUDITORS TO REVIEW RESULTS. DURING THE PROCESS, THE COMMITTEE MEETS WITH THE OUTSIDE AUDITORS WITHOUT THE PRESENCE OF MANAGEMENT OF THE SCHOOL. THE AUDIT REPORT IS APPROVED BY THE COMMITTEE AND IS THEN PRESENTED BY THE FINANCE AND AUDIT COMMITTEE CHAIR TO THE ENTIRE BOARD.