2016-05-13T08:26:16-05:00 2015-06-30 560747981 DIXON HUGHES GOODMAN LLP 100 N MAIN STREET SUITE 2300 WINSTONSALEM NC 27101 990 2014-07-01 560949932 GREENSBORO INDEPENDENT SCHOOL CORP DBA GREENSBORO DAY SCHOOL GREE 3362888590 5401 LAWNDALE DRIVE GREENSBORO NC 27455 PAMELA S HEMPHILL CHIEF FINANCIAL OFFICER 3362888590 2016-05-09 1 DAVID VOGLER P00187735 3367148100 2016-05-09 2014 2016-08-17 19:52:53Z MARK HALE 5401 LAWNDALE DRIVE GREENSBORO NC 27455 31371929 0 X WWW.GREENSBORODAY.ORG X 1970 NC A COEDUCATIONAL, COLLEGE PREPARATORY NON-SECTARIAN INDEPENDENT SCHOOL FOR GRADES PK-12. 20 20 350 260 0 0 2141804 1031817 17666066 17746692 194986 -88730 376229 316075 20379085 19005854 2639079 2564428 0 0 12051640 12199780 0 0 374072 4067422 4458159 18758141 19222367 1620944 -216513 38966658 39179664 11580616 11733544 27386042 27446120 GREENSBORO DAY SCHOOL DEVELOPS THE INTELLECTUAL, ETHICAL, AND INTERPERSONAL FOUNDATIONS STUDENTS NEED TO BECOME CONSTRUCTIVE CONTRIBUTORS TO THE WORLD. 0 0 14389749 2564428 17746692 THE SCHOOL IS COMMITTED TO PROVIDING OUR STUDENTS A CHALLENGING AND INSPIRING ACADEMIC PROGRAM THAT SUPPORTS STUDENTS IN ACHIEVING THEIR POTENTIAL IN COLLEGE AND LIFE, A SOCIALLY AND ECONOMICALLY DIVERSE COMMUNITY THAT HONORS AND NURTURES RELATIONSHIPS AMONG STUDENTS, FACULTY AND COMMUNITY, AN EXCEPTIONAL EXTRA-CURRICULAR OPPORTUNITY THAT ENRICHES THE EDUCATIONAL EXPERIENCE AND A GLOBAL PERSPECTIVE THAT CULTIVATES RESPECT FOR OTHERS AND PROMOTES STEWARDSHIP OF THE ENVIRONMENT. 14389749 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 1 0 1 1 0 0 0 0 0 0 0 0 1 71 0 1 350 1 0 0 0 0 0 0 0 0 0 0 0 X 20 20 0 0 0 0 1 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X PAMELA S HEMPHILL CPA 3362888590 5401 LAWNDALE DRIVE GREENSBORO NC 27455 DAVID BROWN TREASURER 2.00 X X 0 0 0 LORI AYCOCK TRUSTEE 2.00 X 0 0 0 JOHN G SCOTT JR TRUSTEE 2.00 X 0 0 0 PENNY GRAVES TRUSTEE 2.00 X 0 0 0 FRAN DAVIS TRUSTEE 2.00 X 0 0 0 JEFFREY L BEACH TRUSTEE 2.00 X 0 0 0 WADE G JURNEY JR TRUSTEE 2.00 X 0 0 0 ANN LINEWEAVER TRUSTEE 2.00 X 0 0 0 WENDELL PHILLIPS TRUSTEE 2.00 X 0 0 0 ERIC R CALHOUN TRUSTEE 2.00 X 0 0 0 HARLEY GARRISON TRUSTEE 2.00 X 0 0 0 GRIER BOOKER RICHARDS TRUSTEE 2.00 X 0 0 0 ADELINE TALBOT TRUSTEE 2.00 X 0 0 0 MARSHALL TUCK TRUSTEE 2.00 X 0 0 0 FRAN TEWKESBURY VICE CHAIR 2.00 X X 0 0 0 WILLIAM W WATSON TRUSTEE 2.00 X 0 0 0 JAMES W WHITLEY JR CHAIR 2.00 X X 0 0 0 ROBERT SMITH TRUSTEE 2.00 X 0 0 0 SHERRY CLARK TRUSTEE 2.00 X 0 0 0 CATHERINE DUNHAM SECRETARY 2.00 X X 0 0 0 MARK HALE HEAD OF SCHOOL 40.00 X 399652 0 35149 PAMELA HEMPHILL CHIEF FINANCIAL OFFICER 40.00 X 139968 0 18338 THOMAS WEBB ASSISTANT HEAD OF SCHOOL 40.00 X 173162 0 19181 FRED JOHNSON ATHLETIC DIRECTOR 40.00 X 106077 0 14398 EDWARD DICKINSON MIDDLE SCHOOL DIRECTOR 40.00 X 122490 0 14155 ANNE HURD DIRECTOR OF ADVANCEMENT 40.00 X 112427 0 13334 SUSAN FEIBELMAN UPPER SCHOOL DIRECTOR 40.00 X 118358 0 12537 RAND DOSS DIRECTOR OF ADMISSION 40.00 X 121793 0 23090 1293927 0 150182 8 0 1 0 SAMET CORPORATION 309 GALLIMORE DAIRY ROAD SUITE 102 GREENSBORO NC 27409 CONSTRUCTION 5058971 JOHNSON CONTROLS INC 705 CARNEGIE PLACE GREENSBORO NC 27409 HVAC INSTALLATION AND SERVICE 125683 2 13880 1017937 278882 1031817 STUDENT TUITION & FEES 611600 16913902 16913902 SUMMER PROG/CHILD CARE 611710 337143 337143 STUDENT SUPPORT SERVIC 611710 237554 237554 TRANSPORATION FEES 480000 52645 52645 SUZUKI PROGRAM/MUSICAL 611710 35548 35548 169900 169900 17746692 172063 172063 118776 69698 53569 0 65207 69698 134905 134905 11247513 1600 11247513 262393 0 -260793 -260793 -260793 61638 13880 35024 26614 26614 842507 767576 74931 74931 MISCELLANEOUS REVENUE 611710 46476 46476 DRAMA TICKET SALES 611710 19853 19853 ATHLETIC EVENTS 611710 13296 13296 79625 19005854 17746692 0 227345 2549053 2549053 15375 15375 748227 748227 8622657 6600703 1800453 221501 70041 34596 35445 2069097 1475570 540035 53492 689758 486116 187247 16395 39244 39244 3251 3251 52964 52964 515191 378699 130055 6437 89404 4052 85352 1364336 1062320 270882 31134 211212 41208 170004 335598 295586 34970 5042 63107 63107 166427 71035 85605 9787 207517 207517 1031662 1031662 76255 1341 74891 23 HOSPITALITY 61863 9445 48865 3553 MEMBERSHIP DUES 25151 9572 12115 3464 DIVERSITY PROGRAM 24266 24266 ATHLETIC PROGRAM/UNIFOR 20421 20421 170290 32371 114675 23244 19222367 14389749 4458546 374072 3750 3750 3409038 3228656 2293593 1640865 547880 434369 177052 159016 241857 189901 38078220 15055951 21868052 23022269 10305303 10391093 1000 1000 119133 108745 38966658 39179664 2750798 2133359 2183255 1948626 6287005 7323393 68085 59574 291473 268592 11580616 11733544 X 17910211 18628916 4155918 3480713 5319913 5336491 27386042 27446120 38966658 39179664 X -216513 241480 35111 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10520390 76900 361922 368033 10591179 10724935 32026 1603691 1840262 10520390 8769747 940041 1318345 303198 10724935 8699089 170615 100621 200578 8769747 6812756 808435 1377963 300065 8699089 0.19880 0.50390 0.29730 0 0 2046277 2046277 27191263 11361872 15829391 5918727 2473141 3445586 2921953 1220938 1701015 23022269 AGENCY FUNDS 100124 SWAP AGREEMENT 161738 CAPITAL LEASE OBLIGATION 6730 268592 X 17799242 241480 -1708885 -1467405 19266647 -260793 -260793 19005854 17739164 1116962 1116962 16622202 2600165 2600165 19222367 PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT CONSISTS OF APPROXIMATELY 65 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. PART X, LINE 2: GREENSBORO INDEPENDENT SCHOOL CORPORATION (DBA GREENSBORO DAY SCHOOL) ("THE SCHOOL") IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE; ACCORDINGLY, THE ACCOMPANYING FINANCIAL STATEMENTS DO NOT REFLECT A LIABILITY FOR FEDERAL AND STATE INCOME TAXES. THE SCHOOL HAS DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX OBLIGATIONS AS OF JUNE 30, 2015. FISCAL YEARS ENDING ON OR AFTER 2012 REMAIN SUBJECT TO EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED LOSS ON SWAP AGREEMENT 14,035. PLEDGE RESERVE WRITE OFF 21,076. RECLASS FINANCIAL AID -2,564,428. RECLASS INVESTMENT MANAGEMENT FEES -35,737. RECLASS COST OF GOODS SOLD 767,576. RECLASS RENTAL EXPENSES 53,569. RECLASS SPECIAL EVENT EXPENSES 35,024. PART XI, LINE 4B - OTHER ADJUSTMENTS: RECLASS GAIN/(LOSS) ON SALE OF FIXED ASSETS -260,793. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASS COST OF GOODS SOLD 767,576. RECLASS RENTAL EXPENSES 53,569. RECLASS SPECIAL EVENT EXPENSES 35,024. RECLASS GAIN/(LOSS) ON SALE OF FIXED ASSETS 260,793. PART XII, LINE 4B - OTHER ADJUSTMENTS: RECLASS FINANCIAL AID 2,564,428. RECLASS INVESTMENT MANAGEMENT FEES 35,737. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE NONDISCRIMINATION POLICY IS PRINTED ANNUALLY IN THE LOCAL NEWSPAPER. 0 0 0 0 0 0 0 0 0 TUITION REDUCTION SUB-SAHARAN AFRICA 1 0 15375 TUITION REDUCTION COST OF TUITION 0 0 0 0 0 0 SPRING FUND AUCTION & RAFFLE 42994 13880 29114 11388 GIFT WRAP SALE 17243 17243 10824 4 15281 15281 4817 7995 75518 13880 61638 4817 30207 35024 26614 1 FINANCIAL AID 229 2549053 TUITION REMISSION PART I, LINE 2: THE SCHOOL HAS SET PROCEDURES FOR DETERMINING THE FINANCIAL NEED OF STUDENTS WHO ARE APPLYING FOR FINANCIAL AID AND THE GRANTING OF FINANCIAL AID. ELIGIBLE STUDENTS ARE CHOSEN AS GRANT RECIPIENTS BASED ON FINANCIAL NEED. X X X 1 1 X X X X X X 0 0 0 0 0 0 0 1 0 MARK HALE HEAD OF SCHOOL 342600 0 10000 0 47052 0 0 0 35149 0 434801 0 0 0 PAMELA HEMPHILL CHIEF FINANCIAL OFFICER 139968 0 0 0 0 0 0 0 18338 0 158306 0 0 0 THOMAS WEBB ASSISTANT HEAD OF SCHOOL 173162 0 0 0 0 0 0 0 19181 0 192343 0 0 0 PART I, LINE 1A TAX INDEMNIFICATION AND GROSS UP PAYMENTS, HOUSING ALLOWANCE AND HEALTH CLUB DUES ARE PAID FOR THE HEAD OF THE SCHOOL AND ARE APPROPRIATELY INCLUDED IN HIS WAGES. PART I, LINE 7 PURSUANT TO THE HEAD OF SCHOOL'S CONTRACT, IN ADDITION TO THE BASE ANNUAL SALARY, IN ANY YEAR THE SCHOOL MAY, AT ITS DISCRETION, PAY A PERFORMANCE RELATED BONUS. THE EXISTENCE AND AMOUNT OF SUCH BONUS IS COMPLETELY WITHIN THE PURVIEW AND DISCRETION OF THE COMPENSATION COMMITTEE. DURING THE FISCAL YEAR ENDING JUNE 30, 2015, THE HEAD OF SCHOOL WAS AWARDED A $10,000 BONUS. A NORTH CAROLINA CAPITAL FACILITIES FINANCE AGENCY 561592154 NONEAVAIL 2010-08-26 6015000 REFUNDING ISSUE 0 0 0 A 347500 6015000 120300 5894700 2010 0 0 1 1 A 0 0 1 0 1 1 BB&T 10.000000000000 0 0 0 0 0 A 0 38283 FINANCIAL AID FINANCIAL AID MARSHALL TUCK BOARD MEMBER 1998399 GREENSBORO DAY SCHOOL ENTERED INTO A CONSTRUCTION CONTRACT WITH SAMET CONSTRUCTION FOR THE CONSTRUCTION OF A NEW MIDDLE SCHOOL BUILDING. MARSHALL TUCK, BOARD MEMBER, IS AN EMPLOYEE OF SAMET CONSTRUCTION AND IS THE SON-IN-LAW OF THE OWNER. 0 SHERRY POOLE CLARK BOARD MEMBER 35315 GREENSBORO DAY SCHOOL ENTERED INTO A GRAPHIC DESIGN CONTRACT WITH SHERRY CLARK FOR DESIGN SERVICES. SHERRY CLARK, BOARD MEMBER, IS THE OWNER OF THE DESIGN SERVICES. 0 X 14 254302 FAIR VALUE 0 1 1 PART I, LINE 32B: THE ORGANIZATION UTILIZES BROKERAGE FIRMS TO SELL MARKETABLE SECURITIES DONATED TO THE SCHOOL. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS ARE PARENTS OR GUARDIANS OF CURRENTLY ENROLLED STUDENTS AND PAST PARENTS WHO CONTINUE TO HOLD MEMBERSHIP CERTIFICATES. NONE OF THE ORGANIZATION'S MEMBERS HAVE VOTING RIGHTS. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED AND APPROVED BY THE AUDIT COMMITTEE AND MADE AVAILABLE ELECTRONICALLY TO ALL MEMBERS OF THE BOARD. THE FULL BOARD THEN VOTES TO ACCEPT THE 990 AT A MEETING PRIOR TO FILING THE FORM. FORM 990, PART VI, SECTION B, LINE 12C EACH BOARD MEMBER, OFFICER, AND KEY EMPLOYEE IS GIVEN A COPY OF THE CONFLICT OF INTEREST POLICY AND IS ASKED TO SIGN A STATEMENT ANNUALLY THAT HE OR SHE HAS NOT ENTERED INTO ANY ARRANGEMENTS WITH THE SCHOOL AND ITS CONSTITUENTS THAT WOULD VIOLATE THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF KEY EMPLOYEES AND OFFICERS, OTHER THAN THE HEAD OF SCHOOL, IS REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE, WHICH IS CHARGED WITH EXAMINING COMPARABLE COMPENSATION AND BENEFITS DATA FOR KEY EMPLOYEES. THE HEAD'S COMPENSATION IS REVIEWED AND APPROVED BY THE HEAD'S COMPENSATION COMMITTEE, WHICH IS CHARGED WITH EXAMINING COMPARABLE COMPENSATION AND BENEFITS DATA FOR THE HEAD OF SCHOOL. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: PLEDGE RESERVE AND WRITE OFF 21,076. UNREALIZED LOSS ON SWAP AGREEMENT 14,035. PART XII, LINE 2C: THE METHOD OF REVIEWING THE AUDITED FINANCIAL STATEMENTS HAS NOT CHANGED FROM THE PRIOR YEAR.