2016-09-08T13:05:02-05:00 2016-06-30 364049282 PASQUESI SHEPPARD LLC 585 BANK LANE LAKE FOREST IL 60045 990 2015-07-01 362415685 LAKE FOREST COUNTRY DAY SCHOOL LAKE 8472342350 145 SOUTH GREEN BAY ROAD LAKE FOREST IL 600453099 CHRIS HARPER DIRECTOR OF FINANCE AND OPERATIONS 8472342350 2016-09-01 1 TIMOTHY B KLEIN P00008827 8472345000 2016-09-01 2015 2016-12-15 16:53:06Z CHRIS HARPER 145 S GREEN BAY ROAD LAKE FOREST IL 60045 15698906 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. 21 21 130 333 0 0 2418989 3843646 7967644 9325622 1377933 672714 61483 47112 11826049 13889094 1227108 1391482 0 0 6311598 6682586 100 0 330497 4596893 4519133 12135699 12593201 -309650 1295893 44688186 46453456 33298807 35401688 11389379 11051768 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 10714269 1391482 9325622 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. 10714269 1 1 0 0 0 0 0 0 0 1 1 1 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 12 0 1 130 1 0 0 0 0 0 1 1 0 0 0 0 X 21 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X X CHRIS HARPER 8472342350 145 S GREEN BAY ROAD LAKE FOREST IL 600453099 AHMED FARAG PRESIDENT 1.00 X X 0 0 0 MARIANNE SILVER SECRETARY 1.00 X X 0 0 0 KATE FITZGERALD TRUSTEE 1.00 X 0 0 0 NICHOLAS ALEXOS TRUSTEE 1.00 X 0 0 0 BILL COLLINS TRUSTEE 1.00 X 0 0 0 JANE O'NEIL 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 ADAM KRIGER VICE PRESIDENT 1.00 X X 0 0 0 JOE ANDREA TRUSTEE 1.00 X 0 0 0 PEDRO DEJESUS TRUSTEE 1.00 X 0 0 0 REBECCA GRAF 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 TRUSTEE 1.00 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 ROBERT WHELAN HEAD OF SCHOOL 55.00 X 265001 0 216642 CHRIS HARPER DIRECTOR OF FINANCE AND OP 50.00 X 110000 0 19783 PETE MOORE HEAD OF LOWER SCHOOL 50.00 X 130000 0 20783 TED STEWART ATHLETIC DIRECTOR 50.00 X 107045 0 6335 ANDREW SPERLING HEAD OF UPPER SCHOOL 50.00 X 123024 0 13374 735070 0 276917 5 0 1 0 ORGANICLIFE 308 W ERIE SUITE 705 CHICAGO IL 60654 FOOD SERVICE 311405 TENACIOUS CLEANING SERVICE INC 481 A-IRMEN DRIVE ADDISON IL 60101 CLEANING SERVICE 198698 2 867519 2976127 575868 3843646 TUITION FEES 611600 8741987 8741987 TESTING & ADMIN. FEES 611600 233579 233579 STUDENT FEES 611600 213891 213891 TUTORING FEES 611600 129997 129997 FORFEITED ENROLLMENT 611600 6168 6168 9325622 364127 364127 52805 0 52805 52805 52805 1974373 1664956 830 309417 -830 308587 308587 80742 867519 144026 -63284 -63284 MISCELLANEOUS 900099 57591 57591 57591 13889094 9325622 0 719826 1391482 1391482 418788 346136 56531 16121 5033792 4160524 679494 193774 264386 222165 31547 10674 574546 482794 68556 23196 391074 328621 46664 15789 15467 15467 31900 31900 22673 22673 347419 312295 35124 58546 58546 95743 64992 30751 1129415 1003046 126369 905178 803899 101279 57218 57218 DEPT INSTRUCTIONAL EXPE 384224 384224 FOOD EXPENSE 382020 382020 SUPPLIES 231394 231394 UTILITIES 204813 204813 653123 338646 243534 70943 12593201 10714269 1548435 330497 4008614 6418848 164251 746185 780944 1014265 32482494 13888202 19121503 18594292 16761433 15981797 2655814 2496021 1195627 1202048 44688186 46453456 895952 1130149 5434142 6355568 23000000 23000000 3968713 4915971 33298807 35401688 X 8146960 7145197 2753508 3417660 488911 488911 11389379 11051768 44688186 46453456 1295893 -1633504 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 21566182 1953075 20025 1697602 21841680 21709550 1862902 141186 2147456 21566182 20175312 238229 3016491 1720482 21709550 20112525 138057 1959452 2034722 20175312 22162233 236774 -535212 1751270 20112525 0.88900 0.02240 0.08860 0 0 885875 885875 28680274 11453762 17226512 2801985 2434440 367545 114360 114360 18594292 HEDGE FUNDS 2496021 F 2496021 INTEREST RATE SWAP AGREEMENT 4915971 4915971 X 10985461 -1633504 -1391482 -3024986 14010447 22673 -144026 -121353 13889094 11323072 144026 144026 11179046 22673 1391482 1414155 12593201 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 -1,391,482. PART XI, LINE 4B - OTHER ADJUSTMENTS: AUCTION EXPENSES -144,026. PART XII, LINE 2D - OTHER ADJUSTMENTS: AUCTION EXPENSES 144,026. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS NETTED AGAINST GROSS TUITION 1,391,482. 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 948261 867519 80742 40120 103906 948261 867519 80742 40120 103906 144026 -63284 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. 65 1129042 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. 9 262440 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 1 0 0 0 0 0 0 0 ROBERT WHELAN HEAD OF SCHOOL 265001 0 0 0 0 0 139504 0 77138 0 481643 0 0 0 PETE MOORE HEAD OF LOWER SCHOOL 130000 0 0 0 0 0 6500 0 14283 0 150783 0 0 0 PART I, LINE 1A ROBERT WHELAN, THE HEAD OF SCHOOL, IS PROVIDED SUBSIDIZED HOUSING, A DISCRETIONARY SPENDING ACCOUNT, SUBSIDIZED CLUB DUES, AND PERSONAL SERVICES. ADDITIONALLY, PETE MOORE 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 24893 X 18 550975 FAIR MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION B, LINE 11 FOR THE FISCAL YEAR ENDING JUNE 30, 2016, 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.