2013-05-15T00:40:36-07:00 2012-06-30 990 2011-07-01 560940956 FORSYTH COUNTRY DAY SCHOOL INC FORS 3369453151 P O BOX 549 5501 SHALLOWFORD ROAD LEWISVILLE NC 270230549 ANDREA MATNEY 3369453151 2013-05-15 2011 2016-02-25 16:41:14Z ANDREA M MATNEY P O BOX 549 5501 SHALOOWFORD ROAD LEWISVILLE NC 270230549 32093316 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. 22 22 403 150 0 0 1540735 1083420 18147275 17866446 2379673 365565 347394 265487 22415077 19580918 2232571 2244170 0 0 13139824 12745821 15000 0 530329 5993768 5129582 21381163 20119573 1033914 -538655 38963255 36895051 26685322 26463080 12277933 10431971 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 17165428 2244170 17866446 PROVIDING TRADITIONAL COLLEGE PREPARATORY EDUCATION TO APPROXIMATELY 848 STUDENTS IN GRADES JUNIOR PRE-KINDERGARTEN THROUGH TWELVE. 0 0 0 17165428 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 0 1 33 0 1 403 1 0 0 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 1 0 1 1 1 1 1 1 1 1 0 NC X ANDREA M MATNEY CFO 3369453151 P O BOX 549 5501 SHALLOWFORD ROAD LEWISVILLE NC 270230549 KATHARINE D ATALA 5.0 X 0 0 0 MICHAEL B BAUGHAN 5.0 X 0 0 0 MICHELLE B CLIFTON 5.0 X 0 0 0 DOUGLAS B CONSTABLE 5.0 X X 0 0 0 TIMOTHY A COOPER 5.0 X X 0 0 0 JIMMY A DEW 5.0 X 0 0 0 JAMES J DUNN 5.0 X 0 0 0 CHRISTY L HARTLEY 5.0 X 0 0 0 LISA E JOHNSON 5.0 X 0 0 0 JEFF T LINDSAY 5.0 X 0 0 0 MICHELLE R LIVENGOOD 5.0 X 0 0 0 DAVID F MARTIN 5.0 X X 0 0 0 KINSEY B MITCHELL 5.0 X 0 0 0 EMIDIO M NOVEMBRE 5.0 X 0 0 0 J ERIC PIKE 5.0 X 0 0 0 JOHN L SCOTT 5.0 X X 0 0 0 ROB E SHOWFETY 5.0 X 0 0 0 DEE A SMITH 5.0 X 0 0 0 WILLIAM D SPRY JR 5.0 X 0 0 0 JOHN H STEWART IV 5.0 X 0 0 0 PHILLIP R WAUGH JR 5.0 X 0 0 0 WILLIAM R WHITEHURST 5.0 X 0 0 0 JOYCE G HENSON 55.0 X X 176305 0 14256 NANCY A WODARZ 55.0 X X 166155 0 31592 ANDREA M MATNEY 50.0 X X 131042 0 44759 NORRIS T BAKER 53.0 X 122199 0 34087 595701 0 124694 0 0 1 0 COMPASS GROUP 2400 YORKMONT ROAD CHARLOTTE NC 28217 FOOD SERVICE 601297 CENTRAL CAROLINA AIR CONDITIONING 1800-A FAIRFAX ROAD GREENSORO NC 27417 HEATING & AIR 157971 0 0 0 0 0 0 1083420 21323 1083420 TUITION & FEES 611710 17380766 17380766 0 0 SUMMER PROGRAMS 611710 149111 149111 0 0 TRANSPORTATION 480000 117520 117520 0 0 COMMUNITY PROGRAMS 611710 102505 102505 0 0 LESSONS 611710 55932 55932 0 0 60612 60612 0 0 17866446 558566 0 0 558566 0 0 0 0 0 0 0 0 49432 0 534 0 48898 0 48898 0 0 48898 12067250 12069 12247518 24802 -180268 -12733 -193001 0 0 -193001 0 0 0 0 0 0 0 0 0 0 0 0 321615 239544 82071 0 0 82071 FINANCE CHARGES 611710 69253 0 0 69253 MISCELLANEOUS INCOME 611710 45812 0 0 45812 FOOD SERVICE 611710 7743 0 0 7743 11710 0 0 11710 134518 19580918 17866446 0 631052 0 0 2244170 2244170 0 0 0 0 554110 155324 321125 77661 0 0 0 0 8890540 7489285 1108836 292419 395508 336926 45439 13143 2205421 1805045 335664 64712 700242 565653 113614 20975 0 0 0 0 8223 0 8223 0 49610 0 49610 0 0 0 0 0 0 0 43440 0 43440 0 49392 39627 7110 2655 67772 463 63356 3953 385612 269725 100319 15568 57359 55919 1090 350 0 0 0 0 944213 864476 75317 4420 122941 92785 28134 2022 0 0 0 0 31098 17718 12123 1257 915016 892021 17407 5588 0 0 0 0 1355061 1321049 25746 8266 132330 119519 10676 2135 STUDENT PROGRAM ACTIVITIES 360576 360576 0 0 LOSSES ON PROMISES TO GIVE 146630 146630 0 0 ATLETICS 138468 138468 0 0 STUDENT BAD DEBTS 121819 121819 0 0 200022 128230 56587 15205 20119573 17165428 2423816 530329 2518917 2751525 317346 440174 1202129 846240 348631 325953 0 0 0 0 4833 0 101219 110560 67633 82836 41544945 21078414 21440884 20466531 12961663 11871232 0 0 0 0 0 0 0 0 38963255 36895051 1237306 1220964 0 0 2859764 2933280 20982890 20372402 0 0 0 0 57095 42821 0 0 1548267 1893613 26685322 26463080 X 6110506 6112286 3858274 2009032 2309153 2310653 12277933 10431971 38963255 36895051 X -538655 -1307307 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 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 0.7813 0.2187 0 0 0 0 2281672 2281672 0 25628522 9577395 16051127 0 0 0 0 0 8071142 7261682 809460 0 5563609 4239337 1324272 20466531 0 SWAP PAYABLE 1768778 AGENCY FUNDS 124835 1893613 19580918 20119573 -538655 -962324 0 0 0 -344983 -1307307 -1845962 16266519 -962324 0 0 224345 -737979 17004498 0 2576420 2576420 19580918 18112481 0 0 0 224345 224345 17888136 0 2231437 2231437 20119573 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, 2012. FISCAL YEARS ENDING ON OR AFTER 2009 REMAIL SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAX AUTHORITIES." SchD_P11_S00_L08 Schedule D, Part XI, Line 8 OTHER ADJUSTMENTS: CHANGE IN FAIR VALUE OF INTEREST RATE SWAP (344,983). SchD_P12_S00_L02d Schedule D, Part XII, Line 2d OTHER ADJUSTMENTS: COST OF GOOD SOLD - BOOKSTORE 223,811 AND RENTAL EXPENSE 534 FOR A TOTAL OF 224,345. SchD_P12_S00_L04b Schedule D, Part XII, Line 4b OTHER ADJUSTMENTS: FINANCIAL AID 2,244,170 AND CHANGE IN FAIR VALUE OF INTEREST RATE SWAP 344,983 AND LOSS ON DISPOSAL OF FIXED ASSETS (12,733) FOR A TOTAL OF 2,576,420. SchD_P13_S00_L02d Schedule D, Part XIII, Line 2d OTHER ADJUSTMENTS: COST OF GOOD SOLD - BOOKSTORE 223,811 AND RENTAL EXPENSE OF 534 FOR A TOTAL OF 224,345. SchD_P13_S00_L04b Schedule D, Part XIII, Line 4b OTHER ADJUSTMENTS: FINANCIAL AID 2,244,170 AND LOSS ON DISPOSAL OF FIXED ASSETS (12,733) FOR A TOTAL OF 2,231,437. 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 193 2244170 0 FMV SchI_P01_S00_L02 Schedule I, Part I, Line 2 . SchI_P03_S00_L00 Schedule I, Part III FORSYTH COUNTRY DAY SCHOOL'S FINANCIAL AID TO THE 193 STUDENTS AWARDED ASSISTANCE IS DIRECTLY APPLIED TO EACH STUDENT'S BILLING ACCOUNT TO OFFSET TUITION. X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 JOYCE G HENSON 175953 0 0 0 352 0 8440 0 5816 0 190561 0 0 0 NANCY A WODARZ 150000 0 0 0 16155 0 10500 0 21092 0 197747 0 0 0 ANDREA M MATNEY 130708 0 0 0 334 0 16814 0 27945 0 175801 0 0 0 NORRIS T BAKER 119247 0 0 0 2952 0 7920 0 26167 0 156286 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a COUNTRY CLUB DUES PAID ON BEHALF OF THE HEAD OF SCHOOL, PURSUANT TO HER EMPLOYMENT AGREEMENT AND PERSONAL USE OF HER AUTOMOBILE AND THE AUTOMOBILE OF THE LOWER SCHOOL DIRECTOR ARE ALL INCLUDED IN TAXABLE WAGES, AS WELL AS ON SCHEDULE J, PART II. SchJ_P01_S00_L04 Schedule J, Part I, Line 4 THE HEAD OF SCHOOL AND CHIEF FINANCIAL OFFICER HAVE A SECTION 4578(f) DEFERRED COMPENSATION PLAN, PURSUANT TO THEIR EMPLOYMENT AGREEMENTS WITH THE SCHOOL TO WHICH $0 AND $10,000, RESPECTIVELY WAS CONTRIBUTED ON THEIR BEHALF BY THE SCHOOL. THE HEAD OF SCHOOL HAD A 457(b) DEFERRED COMPENSATION PLAN PURSUANT TO HER EMPLOYMENT AGREEMENT WITH THE SCHOOL TO WHICH $10,500 WAS CONTRIBUTED ON HER BEHALF BY THE SCHOOL. NC CAPITAL FACILITIES FINANCE AGENCY 561592154 65818PEE5 2005-10-13 23785000 SCHOOL CONSTRUCTION 0 0 0 18785000 0 23879712 0 0 0 126558 0 0 4968154 0 0 2006 1 0 1 1 0 0 1 1 0 0 0 0 1 0 1 1 BB&T 10.0 0 0 0 0 1 X 125 FMV X 2 8047 FMV X OFFICE FURNITURE 7 10895 FMV X ATHLETIC EQUIPMENT 2 1400 FMV X SUPPLIES 5 856 FMV 0 0 1 0 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, 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 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 BY THE HEAD OF SCHOOL AND REVIEWED AND SIGNED BY THE CHIED 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 BAORD 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 COMMITT 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, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. F990_P11_S00_L05 Form 990, Part XI, Line 5 OTHER CHANGES IN NET ASSETS: NET UNREALIZED LOSSES ON INVESTMENTS (962,324) AND CHANGE IN FAIR VALUE OF INTEREST RATE SWAP (344,983) FOR A TOTAL OF (1,307,307).