2014-01-31T08:20:53-06:00 2013-06-30 560747981 DIXON HUGHES GOODMAN LLP ONE WEST FOURTH STREET SUITE 700 WINSTONSALEM NC 27101 990 2012-07-01 560949932 GREENSBORO INDEPENDENT SCHOOL CORP DBA GREENSBORO DAY SCHOOL GREE 3362888590 5401 LAWNDALE DRIVE GREENSBORO NC 27455 PAMELA S HEMPHILL 3362888590 2013-11-22 1 DAVID VOGLER P00187735 3367148100 2012 2015-11-30 17:44:51Z MARK HALE 5401 LAWNDALE DRIVE GREENSBORO NC 27455 22278883 0 X WWW.GREENSBORODAY.ORG X 1970 NC A COEDUCATIONAL, COLLEGE PREPARATORY NON-SECTARIAN INDEPENDENT SCHOOL FOR GRADES PK-12. 22 22 381 300 0 0 2392428 1735137 16665298 17227648 271279 231842 218068 310083 19547073 19504710 2101754 2441448 0 0 12036330 12202008 35978 12221 416597 4117452 4200656 18291514 18856333 1255559 648377 32384627 34204242 9995204 9867655 22389423 24336587 GREENSBORO DAY SCHOOL DEVELOPS THE INTELLECTUAL, ETHICAL, AND INTERPERSONAL FOUNDATIONS STUDENTS NEED TO BECOME CONSTRUCTIVE CONTRIBUTORS TO THE WORLD. 0 0 13945129 2441448 17227648 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. 13945129 1 1 0 0 0 0 0 0 0 1 1 0 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 1 0 0 1 1 0 0 0 0 0 0 0 0 1 70 0 1 381 1 0 0 0 0 0 0 0 0 0 0 X 22 22 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 DR SANDRA ADAMS 2.00 X 0 0 0 PATRICK BURNS 2.00 X X 0 0 0 JOHN G SCOTT JR 2.00 X 0 0 0 PENNY GRAVES 2.00 X 0 0 0 MAURICE N JENNINGS JR 2.00 X 0 0 0 WALLACE R JOHNSON III 2.00 X 0 0 0 WADE G JURNEY 2.00 X 0 0 0 CHARLES KEELEY III 2.00 X 0 0 0 ROBERT C KETNER 2.00 X 0 0 0 RUSSELL M ROBINSON III 2.00 X X 0 0 0 JAMES G RUCKER 2.00 X 0 0 0 MARION FOLLIN 2.00 X 0 0 0 ADELINE TALBOT 2.00 X 0 0 0 MARSHALL TUCK 2.00 X 0 0 0 FRAN TEWKESBURY 2.00 X X 0 0 0 NANCY VAUGHAN 2.00 X 0 0 0 WILLIAM W WATSON 2.00 X 0 0 0 JAMES W WHITLEY JR 2.00 X X 0 0 0 ROBERT SMITH 2.00 X 0 0 0 DR LEIGH ANN POOL 2.00 X 0 0 0 SHERRY CLARK 2.00 X 0 0 0 CATHERINE DUNHAM 2.00 X 0 0 0 MARK HALE 40.00 X 392296 0 29656 PAMELA HEMPHILL 40.00 X 118571 0 10979 THOMAS WEBB 40.00 X 166175 0 8313 FRED JOHNSON 40.00 X 101032 0 6114 EDWARD DICKINSON 40.00 X 116476 0 6884 ANNE HURD 40.00 X 106789 0 7905 1001339 0 69851 6 0 1 0 JOHNSON CONTROLS INC 2701 JOHNSON CONTROLS DRIVE KERNERSVILLE NC 27284 HVAC INSTALL/MAINTENANCE 142310 APPLIED CONSTRUCTION TECHNOLOGY INC 1706 HOLBROOK STREET GREENSBORO NC 27403 ELEVATOR INSTALLATION SERVICE 130212 BIRS INC PO BOX 36197 GREENSBORO NC 27416 ROOF REPAIR SERVICES 116045 3 25655 1709482 293273 1735137 STUDENT TUITION & FEES 611600 16439090 16439090 SUMMER PROG/CHILD CARE 611710 391056 391056 STUDENT SUPPORT SERVIC 611710 190936 190936 TRANSPORATION FEES 480000 88060 88060 SUZUKI PROGRAM/MUSICAL 611710 29584 29584 88922 88922 17227648 231532 231532 124375 112853 50903 0 73472 112853 186325 186325 1933732 310 1933732 0 0 310 310 310 119590 25655 82124 37466 37466 736327 707414 28913 28913 DRAMA TICKET SALES 611710 22599 22599 MISCELLANEOUS REVENUE 611710 22368 22368 ATHLETIC EVENTS 611710 12412 12412 57379 19504710 17227648 0 541925 2441448 2441448 728023 728023 8804343 6565265 2022858 216220 1936871 1379256 509309 48306 732771 510718 205327 16726 6000 6000 49505 49505 12221 12221 38953 38953 498945 369524 118174 11247 83482 6137 77345 1243468 905182 307089 31197 234318 124681 109637 329904 287017 36289 6598 111331 111331 165121 64893 87299 12929 180380 180380 945140 945140 74670 2405 72210 55 HOSPITALITY 59282 8887 43463 6932 MEMBERSHIP DUES 17943 6860 6795 4288 DIVERSITY PROGRAM 14543 14543 ATHLETIC PROGRAM/UNIFOR 12565 12565 135106 23440 61788 49878 18856333 13945129 4494607 416597 3398 3750 3332298 5038835 2021992 1791493 218285 394699 80072 90110 158430 163370 30881981 13784250 16845873 17097731 9604628 9511066 1000 1000 118651 112188 32384627 34204242 2047232 2234523 1773652 1834693 5560000 5405000 85106 76596 529214 316843 9995204 9867655 X 12686260 13684855 4409149 5319680 5294014 5332052 22389423 24336587 32384627 34204242 X 648377 1154481 144306 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8769747 940041 1318345 303198 10724935 8699089 170615 100621 200578 8769747 6812756 808435 1377963 300065 8699089 6153515 106493 866215 313467 6812756 7600283 111722 150574 1709064 6153515 0.31210 0.49720 0.19070 0 0 2046277 2046277 20470470 9785441 10685029 5257812 2513377 2744435 3107422 1485432 1621990 17097731 AGENCY FUNDS 77360 SWAP AGREEMENT 188258 CAPITAL LEASE OBLIGATION 51225 316843 X 19166199 1154481 -1492682 -338201 19504400 310 310 19504710 17219035 840131 840131 16378904 2477429 2477429 18856333 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT CONSISTS OF APPROXIMATELY 65 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: 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, 2013. FISCAL YEARS ENDING ON OR AFTER 2010 REMAIN SUBJECT TO EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED LOSS ON SWAP AGREEMENT 159,926. PLEDGE RESERVE WRITE OFF -15,620. RECLASS FINANCIAL AID -2,441,448. RECLASS INVESTMENT MANAGEMENT FEES -35,981. RECLASS COST OF GOODS SOLD 707,414. RECLASS RENTAL EXPENSES 50,903. RECLASS SPECIAL EVENT EXPENSES 82,124. PART XI, LINE 4B - OTHER ADJUSTMENTS: RECLASS GAIN ON SALE OF FIXED ASSETS 310. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASS COST OF GOODS SOLD 707,414. RECLASS RENTAL EXPENSES 50,903. RECLASS SPECIAL EVENT EXPENSES 82,124. RECLASS GAIN ON SALE OF FIXED ASSETS -310. PART XII, LINE 4B - OTHER ADJUSTMENTS: RECLASS FINANCIAL AID 2,441,448. RECLASS INVESTMENT MANAGEMENT FEES 35,981. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 THE NONDISCRIMINATION POLICY IS PRINTED ANNUALLY IN THE LOCAL NEWSPAPER. CARNIVAL 32589 9350 23239 27 2804 28495 GIFT WRAP SALE 26403 26403 15194 4 86253 16305 69948 9178 26426 145245 25655 119590 27 9178 2804 70115 82124 37466 1 FINANCIAL AID 218 2441448 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, 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 X 1 1 X X X X X 0 0 0 0 0 0 0 1 0 MARK HALE 321122 0 25000 0 46174 0 17000 0 12656 0 421952 0 0 0 THOMAS WEBB 165491 0 0 0 684 0 0 0 8313 0 174488 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, 2013, THE HEAD OF SCHOOL WAS AWARDED A $25,000 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 28328 MARSHALL TUCK BOARD MEMBER 503000 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 293273 FAIR VALUE 0 1 0 FORM 990, PART VI, SECTION A, LINE 6 THE SCHOOL HAS ONE CLASS OF MEMBERS. MEMBERSHIPS ARE AVAILABLE TO INDIVIDUALS WHO PURCHASE A MEMBERSHIP CERTIFICATE REPRESENTING A CONTRIBUTION TO THE CAPITAL OF THE ORGANIZATION, THE NECESSARY AMOUNT THEREOF AND THE OTHER QUALIFICATIONS FOR MEMBERSHIP BEING SET BY THE BOARD OF DIRECTORS FROM TIME TO TIME. UPON DISSOLUTION OR LIQUIDATION OF THE ORGANIZATION, MEMBERS ARE ENTITLED TO RECEIVE AS A LIQUIDATING DIVIDEND THE ASSETS OF THE ORGANIZATION, PRORATED AS TO THEIR CONTRIBUTIONS; PROVIDED, HOWEVER, THAT NO MEMBER MAY RECEIVE A LIQUIDATING DIVIDEND EXCEEDING HIS OR HER CONTRIBUTION. 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: PLEDGE RESERVE AND WRITE OFF -15,620. UNREALIZED LOSS ON SWAP AGREEMENT 159,926. PART XII, LINE 2C: THE METHOD OF REVIEWING THE AUDITED FINANCIAL STATEMENTS HAS NOT CHANGED FROM THE PRIOR YEAR.