2015-02-04T11:06:57-06:00 2014-06-30 560747981 DIXON HUGHES GOODMAN LLP ONE WEST FOURTH STREET SUITE 700 WINSTONSALEM NC 27101 990 2013-07-01 560949932 GREENSBORO INDEPENDENT SCHOOL CORP DBA GREENSBORO DAY SCHOOL GREE 3362888590 5401 LAWNDALE DRIVE GREENSBORO NC 27455 PAMELA S HEMPHILL CHIEF FINANCIAL OFFICER 3362888590 2014-12-19 1 DAVID VOGLER P00187735 3367148100 2013 2016-02-25 16:41:14Z MARK HALE 5401 LAWNDALE DRIVE GREENSBORO NC 27455 22973726 0 X WWW.GREENSBORODAY.ORG X 1970 NC A COEDUCATIONAL, COLLEGE PREPARATORY NON-SECTARIAN INDEPENDENT SCHOOL FOR GRADES PK-12. 20 20 374 250 0 0 1735137 2141804 17227648 17666066 231842 194986 310083 376229 19504710 20379085 2441448 2639079 0 0 12202008 12051640 12221 0 362904 4200656 4067422 18856333 18758141 648377 1620944 34204242 38966658 9867655 11580616 24336587 27386042 GREENSBORO DAY SCHOOL DEVELOPS THE INTELLECTUAL, ETHICAL, AND INTERPERSONAL FOUNDATIONS STUDENTS NEED TO BECOME CONSTRUCTIVE CONTRIBUTORS TO THE WORLD. 0 0 14022666 2639079 17666066 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. 14022666 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 0 0 1 1 0 0 0 0 0 0 0 0 1 73 0 1 374 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 3362888590 5401 LAWNDALE DRIVE GREENSBORO NC 27455 DAVID BROWN TREASURER 2.00 X X 0 0 0 PATRICK BURNS 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 CINDY KNOWLES 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 RUSSELL M ROBINSON III SECRETARY 2.00 X X 0 0 0 JAMES G RUCKER TRUSTEE 2.00 X 0 0 0 MARION FOLLIN 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 CHAIR 2.00 X X 0 0 0 NANCY VAUGHAN TRUSTEE 2.00 X 0 0 0 WILLIAM W WATSON TRUSTEE 2.00 X 0 0 0 JAMES W WHITLEY JR CHAIR ELECT 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 TRUSTEE 2.00 X 0 0 0 MARK HALE HEAD OF SCHOOL 40.00 X 392137 0 38544 PAMELA HEMPHILL CHIEF FINANCIAL OFFICER 40.00 X 125770 0 18059 THOMAS WEBB ASSISTANT HEAD OF SCHOOL 40.00 X 169243 0 20428 FRED JOHNSON ATHLETIC DIRECTOR 40.00 X 103946 0 12762 EDWARD DICKINSON MIDDLE SCHOOL DIRECTOR 40.00 X 119145 0 15305 ANNE HURD DIRECTOR OF ADVANCEMENT 40.00 X 109878 0 13960 SUSAN FEIBELMAN UPPER SCHOOL DIRECTOR 40.00 X 116122 0 13797 RAND DOSS DIRECTOR OF ADMISSION 40.00 X 119237 0 22739 1255478 0 155594 8 0 1 0 SAMET CORPORATION 309 GALLIMORE DAIRY ROAD GREENSBORO NC 27409 CONSTRUCTION 2010677 JOHNSON CONTROLS INC 705 CARNEGIE PLACE GREENSBORO NC 27409 HVAC INSTALL/MAINTENANCE 160874 BOULTON CREATIVE 601 WEST SMITH STREET GREENSBORO NC 27401 GRAPHIC DESIGN 100734 3 30550 2111254 154718 2141804 STUDENT TUITION & FEES 611600 16945892 16945892 SUMMER PROG/CHILD CARE 611710 367758 367758 STUDENT SUPPORT SERVIC 611710 199605 199605 TRANSPORATION FEES 480000 78999 78999 SUZUKI PROGRAM/MUSICAL 611710 26724 26724 47088 47088 17666066 193286 193286 112502 72877 50834 0 61668 72877 134545 134545 1758379 1700 1758379 0 0 1700 1700 1700 115543 30550 88408 27135 27135 793431 697020 96411 96411 MISCELLANEOUS REVENUE 611710 83121 83121 DRAMA TICKET SALES 611710 23286 23286 ATHLETIC EVENTS 611710 11731 11731 118138 20379085 17666066 0 571215 2615629 2615629 23450 23450 728552 728552 8714749 6606262 1888379 220108 69302 33673 35629 1836543 1309818 479190 47535 702494 495733 190482 16279 13372 13372 65495 65495 39212 39212 478802 378507 100295 82070 5851 76219 1148578 821453 292949 34176 129768 69090 60678 359436 312709 39538 7189 93020 93020 165376 82483 74554 8339 171545 171545 973947 973947 74171 2257 71862 52 HOSPITALITY 64951 5296 55194 4461 MEMBERSHIP DUES 18707 6420 8939 3348 ATHLETIC PROGRAM/UNIFOR 13209 13209 DIVERSITY PROGRAM 8366 8366 167397 2314 143666 21417 18758141 14022666 4372571 362904 3750 3750 5038835 3409038 1791493 2293593 394699 547880 90110 177052 163370 241857 36611325 14743273 17097731 21868052 9511066 10305303 1000 1000 112188 119133 34204242 38966658 2234523 2750798 1834693 2183255 5405000 6287005 76596 68085 316843 291473 9867655 11580616 X 13684855 17910211 5319680 4155918 5332052 5319913 24336587 27386042 34204242 38966658 X 1620944 1461521 -33010 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10724935 32026 1603691 1840262 10520390 8769747 940041 1318345 303198 10724935 8699089 170615 100621 200578 8769747 6812756 808435 1377963 300065 8699089 6153515 106493 866215 313467 6812756 0.19740 0.50570 0.29690 0 0 2046277 2046277 20494394 8741618 11752776 5626103 2399741 3226362 8444551 3601914 4842637 21868052 AGENCY FUNDS 86377 SWAP AGREEMENT 175773 CAPITAL LEASE OBLIGATION 29323 291473 X 19968089 1461521 -1870817 -409296 20377385 1700 1700 20379085 16918634 834562 834562 16084072 2674069 2674069 18758141 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, 2014. FISCAL YEARS ENDING ON OR AFTER 2011 REMAIN SUBJECT TO EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED LOSS ON SWAP AGREEMENT 12,485. PLEDGE RESERVE WRITE OFF -45,495. RECLASS FINANCIAL AID -2,639,079. RECLASS INVESTMENT MANAGEMENT FEES -34,990. RECLASS COST OF GOODS SOLD 697,020. RECLASS RENTAL EXPENSES 50,834. RECLASS SPECIAL EVENT EXPENSES 88,408. PART XI, LINE 4B - OTHER ADJUSTMENTS: RECLASS GAIN ON SALE OF FIXED ASSETS 1,700. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASS COST OF GOODS SOLD 697,020. RECLASS RENTAL EXPENSES 50,834. RECLASS SPECIAL EVENT EXPENSES 88,408. RECLASS GAIN ON SALE OF FIXED ASSETS -1,700. PART XII, LINE 4B - OTHER ADJUSTMENTS: RECLASS FINANCIAL AID 2,639,079. RECLASS INVESTMENT MANAGEMENT FEES 34,990. 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 EUROPE 1 8075 TUITION REDUCTION COST OF TUITION TUITION REDUCTION SUB-SAHARAN AFRICA 1 15375 TUITION REDUCTION COST OF TUITION 0 0 0 0 0 0 CARNIVAL 35077 7700 27377 1120 21810 15483 GIFT WRAP SALE 18918 18918 10786 4 92098 22850 69248 1750 10473 950 26036 146093 30550 115543 1120 1750 10473 22760 52305 88408 27135 1 FINANCIAL AID 230 2615629 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 X 1 1 X X X X X 0 0 0 0 0 0 0 1 0 MARK HALE HEAD OF SCHOOL 334601 0 10000 0 47536 0 0 0 38544 0 430681 0 0 0 THOMAS WEBB ASSISTANT HEAD OF SCHOOL 169243 0 0 0 0 0 0 0 20428 0 189671 0 0 0 PART I, LINE 1A TRAVEL FOR COMPANIONS, TAX INDEMNIFICATION AND GROSS UP PAYMENTS, HOUSING ALLOWANCE, FINANCIAL PLANNER FEES, 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, 2014, 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 150000 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 21120 FINANCIAL AID FINANCIAL AID MARSHALL TUCK BOARD MEMBER 4762149 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 X 14 154718 FAIR VALUE 0 1 0 FORM 990, PART VI, SECTION A, LINE 6 MEMBERS ARE PARENTS OR GUARDIANS 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 CONSTITUANTS 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 -45,495. UNREALIZED LOSS ON SWAP AGREEMENT 12,485. PART XII, LINE 2C: THE METHOD OF REVIEWING THE AUDITED FINANCIAL STATEMENTS HAS NOT CHANGED FROM THE PRIOR YEAR.