2014-05-16T21:01:49-07:00 2013-06-30 990 2012-07-01 560940956 FORSYTH COUNTRY DAY SCHOOL INC FORS 3369453151 P O BOX 549 5501 SHALLOWFORD ROAD LEWISVILLE NC 270230549 ANDREA MATNEY 3369453151 2014-05-15 2012 2015-11-30 17:44:51Z ANDREA M MATNEY P O BOX 549 5501 SHALLOWFORD ROAD LEWISVILLE NC 270230549 43221258 0 X WWW.FCDS.ORG X 1970 NC FORSYTH COUNTRY DAY SCHOOL PROVIDES COMPREHENSIVE EDUCATIONAL PROGRAMS TO JUNIOR PRE-KINDERGARTEN 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. 20 20 391 150 0 0 1083420 984722 17866446 16692064 365565 1003662 265487 185394 19580918 18865842 2244170 2095741 0 0 12745821 12051969 0 0 572347 5129582 4876460 20119573 19024170 -538655 -158328 36895051 36770847 26463080 25650880 10431971 11119967 FORSYTH COUNTRY DAY SCHOOL PROVIDES COMPREHENSIVE EDUCATIONAL PROGRAMS TO JUNIOR PRE-KINDERGARTEN 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 15494483 2095741 16692064 PROVIDING TRADITIONAL COLLEGE PREPARATORY EDUCATION TO APPROXIMATELY 787 STUDENTS IN GRADES JUNIOR PRE-KINDERGARTEN THROUGH TWELVE. 0 0 0 15494483 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 0 0 0 0 0 0 0 0 0 1 32 0 1 391 1 0 0 0 0 0 0 X 20 20 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 KATHARINE D ATALA 5.0 0 X 0 0 0 MICHAEL B BAUGHAN 5.0 0 X 0 0 0 T STEWART BEASON 5.0 0 X 0 0 0 E GREER CAWOOD 5.0 0 X 0 0 0 MICHELLE B CLIFTON 5.0 0 X 0 0 0 DOUGLAS B CONSTABLE 10.0 0 X X 0 0 0 JIMMY A DEW 5.0 0 X 0 0 0 JEFFREY T LINDSAY 5.0 0 X 0 0 0 MICHELLE R LIVENGOOD 5.0 0 X X 0 0 0 DAVID F MARTIN 5.0 0 X 0 0 0 KINSEY B MITCHELL 5.0 0 X 0 0 0 HEATHER L PARKER 5.0 0 X 0 0 0 J ERIC PIKE 5.0 0 X X 0 0 0 ROB E SHOWFETY 5.0 0 X X 0 0 0 RODNEY R SIDES 5.0 0 X 0 0 0 WILLIAM D SPRY JR 5.0 0 X 0 0 0 JOHN H STEWART IV 5.0 0 X 0 0 0 MARGARET D TOWNSEND 5.0 0 X 0 0 0 THOMAS H WESTBROOK 5.0 0 X 0 0 0 WILLIAM R WHITEHURST 5.0 0 X 0 0 0 JOYCE G HENSON 55.0 0 X 173539 0 19165 ANDREA M MATNEY 55.0 0 X 132909 0 52763 NANCY A WODARZ HEAD OF SCHOOL 55.0 0 X X 336723 0 10326 NORRIS T BAKER 50.0 0 X 124624 0 36074 767795 0 118328 4 1 1 0 COMPASS GROUP 2400 YORKMONT ROAD CHARLOTTE NC 28217 FOOD SERVICE 596737 CENTRAL CAROLINA AIR CONDITIONING 1800-A FAIRFAX ROAD GREENSBORO NC 27417 HEATING & AIR 170020 2 0 0 0 0 0 984722 8348 984722 TUITION AND FEES 611110 16314882 16314882 0 0 SUMMER PROGRAMS 611600 121706 121706 0 0 COMMUNITY PROGRAMS 611600 85354 85354 0 0 TRANSPORTATION 611710 84370 84370 0 0 SCHOOL YEAR PROGRAMS 611600 49063 49063 0 0 36689 36689 0 0 16692064 469400 0 0 469400 0 0 0 0 0 0 0 0 29475 0 0 0 29475 0 29475 0 0 29475 24627877 26600 24109599 10616 518278 15984 534262 0 0 534262 0 0 0 0 0 0 0 0 0 0 0 0 290470 235201 55269 0 0 55269 FINANCE CHARGES 611710 36261 0 0 36261 MISCELLANEOUS INCOME 611710 35600 0 0 35600 FOOD SERVICE 611710 2189 0 0 2189 26600 0 0 26600 100650 18865842 16692064 0 1189056 0 0 2095741 2095741 0 0 0 0 725425 165902 476574 82949 0 0 0 0 8302497 6761249 1228814 312434 342473 282078 47330 13065 2037227 1573207 393751 70269 644347 486933 134862 22552 0 0 0 0 17921 0 17921 0 42950 0 42950 0 0 0 0 0 0 0 32580 0 32580 0 107667 29706 77961 0 140443 100 136948 3395 381857 261838 102073 17946 150947 147158 2868 921 0 0 0 0 822933 696587 122425 3921 115159 80909 29662 4588 0 0 0 0 36126 25743 6684 3699 902624 880369 16846 5409 0 0 0 0 1247812 1216492 23708 7612 139224 123129 13625 2470 STUDENT PROGRAM ACTIVITIES 281812 281812 0 0 LOSSES ON PROMISES TO GIVE 142001 142001 0 0 ATHLETICS 99266 99266 0 0 AUXILIARY PROGRAM EXPENSES 66161 66161 0 0 148977 78102 49758 21117 19024170 15494483 2957340 572347 2751525 2231978 440174 401603 846240 535159 325953 292087 0 0 0 0 0 0 110560 109227 82836 71306 42326946 22039702 20466531 20287244 11871232 12842243 0 0 0 0 0 0 0 0 36895051 36770847 1220964 1274568 0 0 2933280 2976950 20372402 19731913 0 0 0 0 42821 410585 0 0 1893613 1256864 26463080 25650880 X 6112286 7270695 2009032 1535119 2310653 2314153 10431971 11119967 36895051 36770847 X -158328 225519 0 0 0 620805 X 0 1 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10555466 507026 1179427 0 939384 0 11302535 10055624 1544870 -660490 0 384538 0 10555466 7818908 1631344 2690134 0 2084762 0 10055624 6075221 1538141 1488543 0 1283000 0 7818905 9840266 1666480 -4464611 0 966914 0 6075221 0.7678 0.2045 0.0277 0 0 0 2281672 2281672 0 25783986 10207397 15576589 0 0 0 0 0 8631869 7476540 1155329 0 5629419 4355765 1273654 20287244 0 SWAP PAYABLE 1147973 AGENCY FUNDS 108891 1256864 X 17818122 225519 0 0 838486 1064005 16754117 0 2111725 2111725 18865842 17130126 0 0 0 217681 217681 16912445 0 2111725 2111725 19024170 SchD_P05_S00_L04 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. SchD_P10_S00_L02 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, 2013. FISCAL YEARS ENDING ON OR AFTER 2010 REMAIN SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAX AUTHORITIES." SchD_P11_S00_L02d Schedule D, Part XI, Line 2d OTHER ADJUSTMENTS: COST OF GOODS SOLD - BOOKSTORE 217,681; CHANGE IN FAIR VALUE OF INTEREST RATE SWAP 620,805; TOTAL 838,486 SchD_P11_S00_L04b Schedule D, Part XI, Line 4b OTHER ADJUSTMENTS: FINANCIAL AID 2,095,741; GAIN ON DISPOSAL OF FIXED ASSETS 15,984; TOTAL 2,111,725 SchD_P12_S00_L02d Schedule D, Part XII, Line 2d OTHER ADJUSTMENTS: COST OF GOODS SOLD - BOOKSTORE 217,681 SchD_P12_S00_L04b Schedule D, Part XII, Line 4b OTHER ADJUSTMENTS: FINANCIAL AID 2,095,741; GAIN ON DISPOSAL OF FIXED ASSETS 15,984; TOTAL 2,111,725 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SchE_P01_S00_L03 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 ADMINISTRATION POLICY IN LOCAL NEWSPAPERS, MAGAZINES, WEB-SITE, CATALOGS AND BROCHURES, EDUCATIONAL POLICIES AND SCHOOL ADMINISTERED PROGRAMS. 1 FINANCIAL AID TO STUDENTS OF THE SCHOOL 189 2095741 0 FMV N/A SchI_P01_S00_L02 Schedule I, Part I, Line 2 FORSYTH COUNTRY DAY SCHOOL'S FINANCIAL AID TO THE 189 STUDENTS AWARDED ASSISTANCE IS DIRECTLY APPLIED TO EACH STUDENT'S BILLING ACCOUNT TO OFFSET TUITION. X 1 1 X X X X 1 1 0 0 0 0 0 0 0 JOYCE G HENSON 173229 0 0 0 310 0 12640 0 6525 0 192704 0 0 0 ANDREA M MATNEY 132622 0 0 0 287 0 18191 0 34572 0 185672 0 0 0 NORRIS T BAKER 121619 0 0 0 3005 0 8070 0 28004 0 160698 0 0 0 NANCY A WODARZ HEAD OF SCHOOL 299223 0 0 0 37500 0 9964 0 362 0 347049 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a COUNTRY CLUB DUES WERE PAID ON BEHALF OF THE HEAD OF SCHOOL, PRIOR TO HER SEPERATION FROM SERVICE AND PURSUANT TO HER EMPLOYMENT AGREEMENT. SchJ_P01_S00_L04 Schedule J, Part I, Line 4 LINE 4A - THE FORMER HEAD OF SCHOOL SEPARATED FROM SERVICE WITH THE SCHOOL IN JULY, 2012. AS THE FORM 990 IS REQUIRED TO REFLECT COMPENSATION FOR THE CALENDAR YEAR ENDED DURING THE FISCAL YEAR BEING REPORTED ON, THE CALENDAR YEAR 2012 COMPENSATION IS DISCLOSED. SUCH COMPENSATION REPORTED ON SCHEDULE J, PART II, LINE 4 AND PART VII OF THE RETURN INCLUDES EARNED COMPENSATION THROUGH THE DATE OF SEPARATION AS WELL AS POST-SEPARATION PAYMENTS PAID DURING THAT TIME PERIOD TOTALLING $347,049 (TAXABLE AND NON-TAXABLE). LINE 4B - THE HEAD OF SCHOOL, PRIOR TO HER SEPARATION FROM SERVICE, ANF THE CHIEF FINANCIAL OFFICER PARTICIPATED IN A SECTION 457(f) PLAN. PERSUANT TO THE 457(f) PLAN $30,00 WAS PAID, AND $10,000 WAS ACCRUED, TO THE HEAD OF SCHOOL AND THE CHIEF FINANCIAL OFFICE, RESPECTIVELY. ADDITIONALLY, PURSUANT TO A 457(b) PLAN, THE HEAD OF SCHOOL RECEIVED CONTRIBUTIONS ON HER BEHALF TOTALING $8,715 TO THE PLAN. A NC CAPITAL FACILITIES FINANCE AGENCY 561592154 65818PEE5 2005-10-13 23785000 SCHOOL CONSTRUCTION 0 0 0 A 18785000 0 23879712 0 0 0 126558 0 0 4968154 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 10.0 0 0 0 0 1 A 1 F990_P06_S0A_L09 Form 990, Part VI, Section A, Line 9 KEY EMPLOYEE THAT CANNOT BE REACHED AT SCHOOL'S MAILING ADDRESS: DR. NAN A WODARZ, FORMER HEAD OF SCHOOL; CURRENT ADDRESS: 308 WINDSOR OAKS COURT, WINSTON-SALEM, NC 27104 F990_P06_S0B_L11b 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 AND HEAD OF SCHOOL PRIOR TO THE FILING OF THE 990. MEMBERS OF THE BOARD ARE ENCOURAGED TO REVIEW AND COMMENT ON THE FORM 990. THE 990 IS REVIEWED AND SIGNED BY THE CHIEF FINANCIAL OFFICER, WHO IS AN OFFICER OF THE SCHOOL. F990_P06_S0B_L12c 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 INTEREST PERSON, IT IS THE RESPONSIBILITY OF THE BOARD MEMBER OR OTHER INTEREST 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. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 COMPENSATION: THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS, DECIDES UPON AND UPDATES THE FULL BOARD AS TO THE COMPENSATION FOR THE HEAD OF SCHOOL. 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 WITH THE EXCEPTION OF THE CFO, WHOSE COMPENSATION WAS REVIEWED AND APPROVED BY THE HEAD OF SCHOOL AND THE COMPENSATION COMMITTEE AFTER OBTAINING COMPARATIVE DATA FROM THE NAIS. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 DISCLOSURE: FORSYTH COUNTRY DAY SCHOOL'S ORGANIZATIONAL DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST AND SUMMARY FINANCIAL STATEMENT INFORMATION IS PROVIDED ON THE SCHOOL'S WEBSITE. F990_P11_S00_L09 Form 990, Part XI, Line 9 OTHER CHANGES IN NET ASSETS: CHANGE IN FAIR VALUE OF INTEREST RATE SWAP 620,805.