2016-05-12T13:47:33-07:00 2015-06-30 990 2014-07-01 560940956 FORSYTH COUNTRY DAY SCHOOL INC FORS 3369453151 P O BOX 549 5501 SHALLOWFORD ROAD LEWISVILLE NC 270230549 ANDREA MATNEY CHIEF FINANCIAL OFFICER 3369453151 2016-05-13 2014 2016-08-17 19:52:53Z VINCENT M STUMPO PhD P O BOX 549 5501 SHALLOWFORD ROAD LEWISVILLE NC 270230549 51107963 0 X WWW.FCDS.ORG X 1970 NC FORSYTH COUNTRY DAY SCHOOL PROVIDES COMPREHENSIVE EDUCATIONAL PROGRAMS TO CHILDREN FROM AGE 2 THROUGH GRADE 12 IN A CHALLENGING AND ENGAGING ACADEMIC ENVIRONMENT THAT PROVIDES THE INSTRUCTION, EXPERIENCES AND SUPPORT NECESSARY TO DEVELOP FULLY THE INTELLECTUAL, CREATIVE, SOCIAL AND PHYSICAL POTENTIAL OF EACH STUDENT. 19 19 373 150 0 0 851795 701728 15371993 14969271 1559758 331192 187509 262113 17971055 16264304 1956790 2006009 0 0 11636132 10206768 0 0 427818 4644731 4406647 18237653 16619424 -266598 -355120 36129319 35079738 25451816 24591577 10677503 10488161 FORSYTH COUNTRY DAY SCHOOL PROVIDES COMPREHENSIVE EDUCATIONAL PROGRAMS TO CHILDREN FROM AGE TWO THROUGH GRADE 12 IN A CHALLENGING AND ENGAGING ACADEMIC ENVIRONMENT THAT PROVIDES THE INSTRUCTION, EXPERIENCES AND SUPPORT NECESSARY TO DEVELOP FULLY THE INTELLECTUAL, CREATIVE, SOCIAL AND PHYSICAL POTENTIAL OF EACH STUDENT. 0 0 13844128 2006009 14969271 PROVIDING TRADITIONAL COLLEGE PREPARATORY EDUCATION TO APPROXIMATELY 706 STUDENTS IN OUR EARLY ADVANTAGE PROGRAM STARTING AT AGE TWO THROUGH GRADE TWELVE. 0 0 0 13844128 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 1 0 0 0 0 0 0 0 0 1 29 0 1 373 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 ROAD 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 5 0 X 0 0 0 DOUGLAS B CONSTABLE TRUSTEE 5 0 X 0 0 0 JEFFREY T LINDSAY TRUSTEE / VICE-CHAIRMAN 5 0 X 0 0 0 MICHELLE R LIVENGOOD TRUSTEE / SECRETARY 5 0 X 0 0 0 KINSEY B MITCHELL TRUSTEE 5 0 X 0 0 0 J ERIC PIKE TRUSTEE / TREASURER 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 RODNEY R SIDES TRUSTEE 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 JOAN WOODARD TRUSTEE 5 0 X 0 0 0 PETER J WORCESTER TRUSTEE 5 0 X 0 0 0 VINCENT M STUMPO HEAD OF SCHOOL 55 0 X 493884 0 63108 ANDREA M MATNEY CHIEF FINANCIAL OFFICER 55 0 X 142578 0 47641 JOYCE G HENSON FORMER ACTING HEAD / CONSULTANT TO HEAD 0 0 X X 110529 0 13767 746991 0 124516 3 1 1 0 FLIK INDEPENDENT SCHOOLS P O BOX 417632 BOSTON MA 022417632 FOOD SERVICE 538958 CENTRAL CAROLINA AIR CONDITIONING 1800-A FAIRFAX ROAD GREENSBORO NC 274170837 HEATING & AIR 115056 2 0 0 0 0 0 701728 28052 701728 TUITION AND FEES 611110 14630789 14630789 0 0 TRANSPORTATION 611710 90935 90935 0 0 COMMUNITY PROGRAMS 611600 89642 89642 0 0 SUMMER PROGRAMS 611600 76115 76115 0 0 INTERNATIONAL SEMESTER INCOME 611600 74800 74800 0 0 6990 6990 0 0 14969271 271848 0 0 271848 0 0 0 0 0 0 0 0 24282 0 4320 0 19962 0 19962 0 0 19962 34675548 8000 34615472 8732 60076 -732 59344 0 0 59344 0 0 0 0 0 0 0 0 0 0 0 0 301942 215135 86807 0 0 86807 MULTI-PAYMENT PLAN FEES 611710 52750 0 0 52750 FINANCE CHARGES 611710 52329 0 0 52329 MISCELLANEOUS INCOME 611710 28294 0 0 28294 21971 0 0 21971 155344 16264304 14969271 0 593305 0 0 2006009 2006009 0 0 0 0 681106 180380 410536 90190 0 0 0 0 6939258 5756254 974801 208203 327305 265762 51729 9814 1718694 1323768 349463 45463 540405 412113 113377 14915 0 0 0 0 4810 0 4810 0 56665 0 56665 0 0 0 0 0 0 0 20764 0 20764 0 75122 59229 3947 11946 65049 0 62540 2509 355895 240201 101552 14142 154551 150672 2936 943 0 0 0 0 790775 714923 71991 3861 105941 97346 8491 104 0 0 0 0 70676 52230 17436 1010 779711 760508 14536 4667 0 0 0 0 1112175 1084260 21131 6784 150194 133791 14252 2151 STUDENT PROGRAM ACTIVITIES 185232 185232 0 0 BAD DEBT EXPENSE 124972 124972 0 0 ATHLETICS 94118 94118 0 0 LOSS ON UNCONDITIONAL PROMISES TO GIVE 70430 70430 0 0 189567 131930 46521 11116 16619424 13844128 2347478 427818 2790874 2945530 4229 0 426633 423191 280247 190370 0 0 0 0 0 0 127032 157692 69655 146253 42601708 24224076 19227601 18377632 13203048 12839070 0 0 0 0 0 0 0 0 36129319 35079738 1152918 1274835 0 0 3710339 3637778 18780377 18060284 0 0 0 0 346655 287742 0 0 1461527 1330938 25451816 24591577 X 7018230 6944485 1344120 1223923 2315153 2319753 10677503 10488161 36129319 35079738 X -355120 55867 0 0 0 109911 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 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 7818908 1631344 2690134 0 2084762 0 10055624 0.76 0.199 0.041 0 0 0 2281672 2281672 0 25869437 11464640 14404797 0 0 0 0 0 8875086 8176559 698527 0 5575513 4582877 992636 18377632 0 SWAP PAYABLE 1224743 AGENCY FUNDS 106195 1330938 X 14637525 55867 0 0 323363 379230 14258295 0 2006009 2006009 16264304 14826867 0 0 0 213452 213452 14613415 0 2006009 2006009 16619424 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, 2015. FISCAL YEARS ENDING ON OR AFTER 2012 REMAIN SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAX AUTHORITIES. Schedule D, Part XI, Line 2d OTHER ADJUSTMENTS: COST OF GOODS SOLD - BOOKSTORE 208,400; CHANGE IN FAIR VALUE OF INTEREST RATE SWAP 109,911; RENTAL EXPENSES 4,320; AND, LOSS ON SALE OF FIXED ASSETS 4,320; TOTAL 323,363. Schedule D, Part XI, Line 4b OTHER ADJUSTMENTS: FINANCIAL AID 2,006,009 Schedule D, Part XII, Line 2d OTHER ADJUSTMENTS: COST OF GOODS SOLD - BOOKSTORE 208,400; RENTAL EXPENSES 4,320; AND, LOSS ON SALE OF FIXED ASSETS 732; TOTAL 213,452. Schedule D, Part XII, Line 4b OTHER ADJUSTMENTS: FINNANCIAL AID 2,006,009. 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 185 2006009 0 FMV N/A 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 394998 0 75000 0 23886 0 44863 0 18245 0 556992 0 0 ANDREA M MATNEY CHIEF FINANCIAL OFFICER 139866 0 1407 0 1305 0 18396 0 29245 0 190219 0 0 0 JOYCE G HENSON FORMER ACTING HEAD OF SCHOOL 110345 0 0 0 184 0 7915 0 5852 0 124296 0 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 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 LINE 4b - THE HEAD OF SCHOOL AND THE CHIEF FINANCIAL OFFICER PARTICIPATED IN A SECTION 457(f) PLAN. PURSUANT TO THE 457(f) PLAN $30,000 AND $10,000 WAS ACCRUED TO THE HEAD OF SCHOOL AND CHIEF FINANCIAL OFFICER, RESPECTIVELY. 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 X 9 23743 FMV X ATHLETIC ATVs 1 4160 FMV X SUPPLIES 1 139 FMV X CLASS JOURNALS 1 10 FMV 0 0 1 0 Form 990, Part VI, Section A, Line 9 JOYCE G. HENSON, THE FORMER INTERIM HEAD OF SCHOOL, CANNOT BE REACHED AT THE SCHOOL'S MAILING ADDRESS. HER CURRENT ADDRESS IS 176 PLUMSTEAD LANE, CLEMMONS, NC 27012. 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 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 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 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 OTHER CHANGES IN NET ASSETS: CHANGE IN FAIR VALUE OF INTEREST RATE SWAP 109,911.