2013-02-07T12:19:23-06:00 2012-06-30 560747981 DIXON HUGHES GOODMAN LLP ONE WEST FOURTH STREET SUITE 700 WINSTONSALEM NC 27101 990 2011-07-01 560949932 GREENSBORO INDEPENDENT SCHOOL CORP DBA GREENSBORO DAY SCHOOL GREE 3362888590 5401 LAWNDALE DRIVE GREENSBORO NC 27455 PAMELA S HEMPHILL 3362888590 2013-01-10 1 DAVID VOGLER P00187735 3367148100 2011 2016-03-07 17:11:31Z MARK HALE 5401 LAWNDALE DRIVE GREENSBORO NC 27455 21329463 0 X WWW.GREENSBORODAY.ORG X 1970 NC A COEDUCATIONAL, COLLEGE PREPARATORY NON-SECTARIAN INDEPENDENT SCHOOL FOR GRADES TK-12. 23 23 387 300 0 0 2054385 2392428 16419296 16665298 251243 271279 860013 218068 19584937 19547073 1845218 2101754 0 0 11506402 12036330 0 35978 423568 4835833 4117452 18187453 18291514 1397484 1255559 31173749 32384627 9627228 9995204 21546521 22389423 GREENSBORO DAY SCHOOL DEVELOPS THE INTELLECTUAL, ETHICAL, AND INTERPERSONAL FOUNDATIONS STUDENTS NEED TO BECOME CONSTRUCTIVE CONTRIBUTORS TO THE WORLD. 0 0 13366788 2101754 16665298 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. 13366788 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 55 0 1 387 1 0 0 0 0 0 1 1 0 0 0 0 X 23 23 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 LENORA BILLINGS-HARRIS 2.00 X 0 0 0 PATRICK BURNS 2.00 X X 0 0 0 PATRICIA MCIVOR 2.00 X 0 0 0 JOHN G SCOTT 2.00 X 0 0 0 PENNY GRAVES 2.00 X 0 0 0 CARRIE GRISWOLD 2.00 X 0 0 0 MAURICE JENNINGS JR 2.00 X 0 0 0 WALLACE JOHNSON III 2.00 X 0 0 0 CHARLES KEELEY III 2.00 X 0 0 0 ROBERT C KETNER 2.00 X 0 0 0 KRISTEN MAGOD 2.00 X 0 0 0 PAUL MILAM 2.00 X 0 0 0 RUSSELL ROBINSON III 2.00 X X 0 0 0 JAMES RUCKER 2.00 X 0 0 0 MARY SCOTT 2.00 X 0 0 0 MARION FOLLIN 2.00 X 0 0 0 ADELINE TALBOT 2.00 X 0 0 0 FRAN TEWKESBURY 2.00 X X 0 0 0 NANCY VAUGHAN 2.00 X 0 0 0 WILLIAM 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 MARK HALE 40.00 X 336367 0 28415 PAM HEMPHILL 40.00 X 119876 0 14808 THOMAS WEBB 40.00 X 159569 0 7659 BERTRAM BUXTON 40.00 X 111975 0 9519 EDWARD DICKINSON 40.00 X 114688 0 6325 ANNE HURD 40.00 X 104999 0 8557 947474 0 75283 6 0 1 0 KIRKLAND INC 4140 MENDENHALL OAKS PARKWAY HIGH POINT NC 27265 CONTRACTOR SERVICES 973424 JOHNSON CONTROLS INC 2701 JOHNSON CONTROLS DRIVE KERNERSVILLE NC 27284 SECURITY SYSTEM INSTALL/MAINTENANCE 205780 BIRS INC PO BOX 36197 GREENSBORO NC 27416 ROOF REPAIR SERVICES 136149 3 20650 2371778 408493 2392428 STUDENT TUITION & FEES 611600 15905372 15905372 SUMMER PROG/CHILD CARE 611710 419452 419452 STUDENT SUPPORT SERVIC 611710 196484 196484 TRANSPORATION FEES 480000 95794 95794 SUZUKI PROGRAM/MUSICAL 611710 29097 29097 19099 19099 16665298 230961 230961 114350 57034 28117 0 86233 57034 143267 143267 1023524 3150 986356 0 37168 3150 40318 40318 69437 20650 69591 -154 -154 725627 698326 27301 27301 DRAMA TICKET SALES 611710 28061 28061 MISCELLANEOUS REVENUE 611710 19593 19593 47654 19547073 16665298 0 489347 2101754 2101754 520466 520466 8990952 6556500 2211941 222511 1817400 1305050 465221 47129 707512 494062 196779 16671 10209 10209 50150 50150 35978 35978 37984 37984 492078 368493 116904 6681 114854 5479 109375 1216203 828742 339246 48215 193333 74605 118728 316230 275119 34786 6325 79494 79494 124629 63211 57185 4233 172570 172570 971630 971630 70740 2371 65760 2609 HOSPITALITY 74110 9992 49501 14617 MEMBERSHIP DUES 20047 6844 5944 7259 ATHLETIC PROGRAM/UNIFOR 16444 16444 BAD DEBTS 16222 16222 140525 34428 94757 11340 18291514 13366788 4501158 423568 3847 3398 2582828 3332298 1548985 2021992 209876 218285 82801 80072 153969 158430 29667167 12821294 16800904 16845873 9662630 9604628 1000 1000 126909 118651 31173749 32384627 1994336 2047232 1546317 1773652 5865000 5560000 93617 85106 127958 529214 9627228 9995204 X 12664064 12686260 3607676 4409149 5274781 5294014 21546521 22389423 31173749 32384627 X 1255559 -412657 X X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8699089 170615 100621 200578 8769747 6812756 808435 1377963 300065 8699089 6153515 106493 866215 313467 6812756 7600283 111722 150574 1709064 6153515 0.24650 0.60310 0.15040 0 0 2046277 2046277 20208612 9380601 10828011 4923622 2285488 2638134 2488656 1155205 1333451 16845873 AGENCY FUNDS 108567 SWAP AGREEMENT 348184 CAPITAL LEASE OBLIGATION 72463 529214 19547073 18291514 1255559 -35681 -376976 -412657 842902 17792241 -35681 -1716001 -1751682 19543923 3150 3150 19547073 16949339 792884 792884 16156455 2135059 2135059 18291514 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: 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, 2012. FISCAL YEARS ENDING ON OR AFTER 2009 REMAIN SUBJECT TO EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XI, LINE 8 - OTHER ADJUSTMENTS: PLEDGE RESERVE AND WRITE OFF -40,125. UNREALIZED LOSS ON SWAP AGREEMENT -336,851. TOTAL TO SCHEDULE D, PART XI, LINE 8: -376,976. PART XII, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED LOSS ON SWAP AGREEMENT -336,851. PLEDGE RESERVE WRITE OFF -40,125. RECLASS FINANCIAL AID -2,101,754. RECLASS INVESTMENT MANAGEMENT FEES -33,305. RECLASS COST OF GOODS SOLD 698,326. RECLASS RENTAL EXPENSES 28,117. RECLASS SPECIAL EVENT EXPENSES 69,591. PART XII, LINE 4B - OTHER ADJUSTMENTS: RECLASS GAIN ON SALE OF FIXED ASSETS 3,150. PART XIII, LINE 2D - OTHER ADJUSTMENTS: RECLASS COST OF GOODS SOLD 698,326. RECLASS RENTAL EXPENSES 28,117. RECLASS SPECIAL EVENT EXPENSES 69,591. RECLASS GAIN ON SALE OF FIXED ASSETS -3,150. PART XIII, LINE 4B - OTHER ADJUSTMENTS: RECLASS FINANCIAL AID 2,101,754. RECLASS INVESTMENT MANAGEMENT FEES 33,305. 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. X X X X X 1 CP3 PHILANTHROPY CONSULTING 806 LAURELWOOD CT GREENSBORO NC 27410 CONSULTING SERVICES 0 852790 35978 816812 852790 35978 816812 NC CARNIVAL 34682 9650 25032 1232 22909 8974 GIFT WRAP SALE 24636 24636 14938 4 30769 11000 19769 21538 90087 20650 69437 1232 22909 45450 69591 -154 1 FINANCIAL AID 201 2101754 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 0 0 0 0 0 0 0 0 0 MARK HALE 336367 0 0 0 0 0 16500 0 11915 0 364782 0 0 0 THOMAS WEBB 159569 0 0 0 0 0 0 0 7659 0 167228 0 0 0 PART I, LINE 1A TRAVEL FOR COMPANIONS, 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. NORTH CAROLINA CAPITAL FACILITIES FINANCE AGENCY 561592154 NONEAVAIL 2010-08-26 6015000 REFUNDING ISSUE 0 0 0 455000 6015000 120300 5894700 2010 0 0 0 0 0 1 1 BB&T 10.000000000000 0 0 0 0 1 1000 X 14 408493 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 WAS REVIEWED AND APPROVED BY THE AUDIT COMMITTEE AND MADE AVAILABLE ELECTRONICALLY TO ALL MEMBERS OF THE BOARD. THE FULL BOARD THEN REVIEWED THE 990 AT A BOARD 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 5: NET UNREALIZED LOSSES ON INVESTMENTS: -35,681. PLEDGE RESERVE AND WRITE OFF -40,125. UNREALIZED LOSS ON SWAP AGREEMENT -336,851. TOTAL TO FORM 990, PART XI, LINE 5: -412,657. PART XII, LINE 2C: THE METHOD OF REVIEWING THE AUDITED FINANCIAL STATEMENTS HAS NOT CHANGED FROM THE PRIOR YEAR.