2013-05-15T10:27:30-05:00 2012-06-30 271235638 MOUNTJOY CHILTON MEDLEY LLP 462 S FOURTH ST SUITE 2000 LOUISVILLE KY 402023445 990 2011-07-01 610731998 KENTUCKY COUNTRY DAY SCHOOL INC KENT 5024230440 4100 SPRINGDALE ROAD LOUISVILLE KY 40241 LARRY E COOPER 5024230440 2013-05-13 1 REBECCA L PHILLIPS CPA P00024055 5027491900 2011 2016-02-24 21:20:13Z BRADLEY E LYMAN 4100 SPRINGDALE ROAD LOUISVILLE KY 40241 18695756 0 X WWW.KCD.ORG X 1972 KY HIGH QUALITY EDUCATION. 22 21 316 740 91995 -59617 969237 1191571 13245453 13990033 389257 872909 297416 168365 14901363 16222878 0 0 0 0 10443607 10588221 0 0 442181 4879688 4755663 15323295 15343884 -421932 878994 39719594 38140118 13210568 11658691 26509026 26481427 X KENTUCKY COUNTRY DAY SCHOOL'S MISSION IS TO PROVIDE THE HIGHEST QUALITY EDUCATION THROUGH AN EXCEPTIONALLY QUALIFIED FACULTY IN AN INCREASINGLY DIVERSE EDUCATIONAL COMMUNITY. 0 0 10809126 14001674 ACADEMICS: KCD'S OVER 100 TEACHERS FOCUS ON PROVIDING STIMULATION FOR INDIVIDUAL EXPRESSION AND ACHIEVEMENT FOR THE 946 STUDENTS ENROLLED IN GRADES K-12. TECHNOLOGY IS USED IN INSTRUCTION FROM AN EARLY AGE, AND ALL UPPER SCHOOL STUDENTS HAVE LAPTOPS FOR CLASSWORK AND ASSIGNMENTS. 100% OF KCD'S UPPER SCHOOL STUDENTS ATTEND COLLEGE, INCLUDING MANY OF THE TOP COLLEGES AND UNIVERSITIES IN THE COUNTRY.ARTS: KCD STUDENTS OF ALL AGE LEVELS DEVELOP THEIR ARTISTIC, THEATRICAL AND MUSICAL TALENTS THROUGH A WIDE RANGE OF PROGRAMS, INCLUDING PERFORMANCE IN A 400 SEAT THEATER.ATHLETICS: KCD STUDENTS DEVELOP THEIR BODIES AND CHARACTERS THROUGH PARTICIPATION IN A VERY WIDE RANGE OF INTERSCHOLASTIC AND INTRAMURAL SPORTS PROGRAMS. 10809126 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 1 14 0 1 316 1 1 1 0 0 0 0 1 1 0 0 0 0 X 22 21 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 KY X LARRY COOPER 5024230440 4100 SPRINGDALE ROAD LOUISVILLE KY 40241 MARY BARRAZOTTO 1.00 X X 0 0 0 RUDY GERNERT 1.00 X X 0 0 0 RUSSEL COX SR 1.00 X X 0 0 0 ROGER SHANNON 1.00 X X 0 0 0 TERRI ALLEN 1.00 X 0 0 0 KAREN BLUE 1.00 X 0 0 0 RICHARD CARUCCI 1.00 X 0 0 0 CHAMBERS MOORE 1.00 X 0 0 0 SUSAN MOSS 1.00 X 0 0 0 PHILIP POINDEXTER 1.00 X 0 0 0 BILL TWAY 1.00 X 0 0 0 JOHN H DAVIS 1.00 X 0 0 0 CYNTHIA GRISSOM 1.00 X 0 0 0 KATE LATTS 1.00 X 0 0 0 TODD LYLES 1.00 X 0 0 0 PAUL WEDGE 1.00 X 0 0 0 BARBIE DICKENS 1.00 X 0 0 0 LEE GARLOVE 1.00 X 0 0 0 AMAR KHADEY 1.00 X 0 0 0 AMY LAVIN 1.00 X 0 0 0 WILLIAM LEWIS 1.00 X 0 0 0 SUZANNE MCCLENDON 1.00 X 0 0 0 JAMES ELLIOTT 50.00 X 89790 0 21222 LARRY COOPER 50.00 X 100642 0 12566 BRADLEY LYMAN 50.00 X 320777 0 51116 JAMES T GREEN 50.00 X 120676 0 70504 MARCHE HARRIS 50.00 X 101780 0 10415 FRANK HEIL 50.00 X 100240 0 7530 833905 0 173353 5 0 1 0 0 28755 1162816 102867 1191571 TUITION AND FEES 611710 13216944 13216944 SUMMER PROGRAM INCOME 611710 161100 161100 PARENT ASSOCIATION 611710 158962 158962 AFTER SCHOOL PROGRAMS 611710 136769 136769 ARTS ACADEMY 611710 98310 98310 217948 217948 13990033 480169 480169 18477 4197 14280 14280 14280 2561935 127682 2274341 22536 287594 105146 392740 392740 139891 28755 120972 18919 18919 87800 50832 36968 36968 THEATRE PERFORMANCES 900004 77715 77715 VENDING INCOME 611710 11641 11641 MISCELLANEOUS INCOME 900099 8842 8842 98198 16222878 14001674 91995 937638 632875 108144 349803 174928 8304902 6490084 1744218 70600 494171 413648 73357 7166 530915 340876 171158 18881 625358 522756 93659 8943 29200 29200 27864 27864 139130 79120 59573 437 67203 67203 197635 15337 164594 17704 115292 101157 14135 616972 453351 146716 16905 22743 22743 255994 255994 887611 646978 216508 24125 177432 159129 18303 INSTRUCTIONAL - OTHER 881390 881390 ADMINISTRATIVE - OTHER 865678 517159 287626 60893 CAFETERIA - OTHER 334358 245688 79509 9161 THEATRE PERFORMANCES 94595 94595 42566 42566 15343884 10809126 4092577 442181 200 350 3126108 2430863 3417641 3594884 94251 50964 3828 4569 138988 162956 28968151 9637122 19627719 19331029 10039345 10225134 1116427 0 59414 52284 2095673 2287085 39719594 38140118 1855609 1776865 4696114 3951892 5876220 5190999 235735 214118 546890 524817 13210568 11658691 X 13152585 13131841 2830671 2600557 10525770 10749029 26509026 26481427 39719594 38140118 X 878994 -906593 X X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13226424 108048 -236825 578000 36364 12483283 11798400 100314 1907328 542433 37185 13226424 10750943 279671 1238143 438800 31557 11798400 9755886 2763874 -1281027 463000 24790 10750943 0.17090 0.66540 0.16370 0 0 672470 672470 20314255 4021965 16292290 2743028 1527801 1215227 5138853 3987811 1151042 99545 99545 0 19331029 OTHER RECEIVABLES 28886 BENEFICIAL INTEREST IN CHARITABLE TRUSTS 2258199 2287085 DEPOSITS HELD FOR OTHERS 135392 FAIR VALUE OF INTEREST RATE SWAP 389425 524817 16222878 15343884 878994 -977820 71227 -906593 -27599 15400388 -977820 191694 -786126 16186514 36364 36364 16222878 15427987 120467 120467 15307520 36364 36364 15343884 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE INTENDED USE OF THE ORGANIZATION'S ENDOWMENT FUND IS TO SUPPORT OPERATIONS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE SCHOOL IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. ACCORDINGLY, NO INCOME TAX EXPENSE IS REFLECTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE SCHOOL RECOGNIZES THE UNCERTAIN INCOME TAX POSITIONS USING THE "MORE-LIKELY-THAN-NOT" APPROACH AS DEFINED IN THE ACCOUNTING STANDARDS CODIFICATION. NO LIABILITY FOR UNCERTAIN INCOME TAX POSITIONS HAS BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE SCHOOL'S 2009-2011 TAX YEARS REMAIN OPEN AND SUBJECT TO EXAMINATION. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT INTEREST TRUST 187,497. CHANGE IN FAIR VALUE OF CASH FLOW HEDGE -116,270. TOTAL TO SCHEDULE D, PART XI, LINE 8: 71,227. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT-INTEREST TRUST 187,497. RENTAL EXPENSE - RELATED 4,197. PART XIII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN FAIR VALUE OF CASH FLOW HEDGE 116,270. RENTAL EXPENSE - RELATED 4,197. 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 RACIALLY NONDISCRIMINATORY POLICIES ARE PUBLICIZED THROUGH ADVERTISEMENT BOTH IN PRINT AND BROADCAST. AUCTION 168646 28755 139891 77889 732 19868 650 21833 168646 28755 139891 77889 732 19868 650 21833 120972 18919 87800 50000 832 1 0.40000 87800 50000 832 50832 36968 KY 1 0 1 0 0.00000 0.00000 CHRIS GREEN 4100 SPRINGDALE ROAD LOUISVILLE KY 40241 0 JAMES ELLIOT 0 OVERSEES DISTRIBUTION AND COLLECTION OF RAFFLE TICKETS, DEPOSITS MONEY FROM SALES OF RAFFLE TICKETS AND FILES CHARITABLE GAMING REPORTS WITH THE STATE. X 0 X X X X 1 1 X X X 0 0 0 0 0 0 0 1 0 BRADLEY LYMAN 320777 0 0 0 0 0 18738 0 32378 0 371893 0 0 0 JAMES T GREEN 120676 0 0 0 0 0 9675 0 60829 0 191180 0 0 0 PART I, LINE 1A TRAVEL EXPENSES FOR THE SPOUSE OF THE HEAD OF SCHOOL IS REIMBURSED FOR ONE TRIP REQUIRED BY THE HEAD OF SCHOOL PER SCHOOL YEAR. THE HEAD OF SCHOOL LIVES IN A HOME OWNED BY THE SCHOOL. THE HEAD PAYS RENT TO KENTUCKY COUNTRY DAY SCHOOL AND HIS WAGES ARE INCREASED BY AN AMOUNT COMMENSURATE WITH THE RENT AND ITS TAXABLE EFFECT OF THE HEAD'S INCOME. THE UTILITIES AND MAINTENANCE EXPENSES ASSOCIATED WITH THE AFOREMENTIONED HOUSE ARE PAID BY KENTUCKY COUNTRY DAY SCHOOL. CERTAIN SOCIAL CLUB DUES THROUGH WHICH THE HEAD OF SCHOOL CAN SOLICIT DONATIONS TO THE SCHOOL ARE PAID FOR BY KENTUCKY COUNTRY DAY. PART I, LINE 7 THE HEAD OF SCHOOL'S BONUS IS BASED ON PREDETERMINED SCHOOL OBJECTIVES ESTABLISHED AND APPROVED ANNUALLY BY THE BOARD OF TRUSTEES. CITY OF BROWNSBORO FARM KENTUCKY 610845788 2009-11-01 2900157 EDUCATIONAL FACILITIES REVENUE BONDS 0 0 0 CITY OF BROWNSBORO FARM KENTUCKY 610845788 2009-11-01 4945780 EDUCATIONAL FACILITIES REVENUE BONDS 0 0 0 2900157 26354 2873803 2010 1 0 1 1 4945780 44943 4900839 2011 0 0 1 1 0 0 0 0 1 0 1 0 0 0.03290 0.00000 0.03290 1 0 1 1 STOCK YARDS BANK 10.000000000000 0 0 0 0 0 0 1 1 STOCK YARDS BANK 10.000000000000 0 0 0 0 0 30185 DISCOUNTED TUITION JANE LYMAN KCD TEACHER 65505 JANE LYMAN, A TEACHER AT AND EMPLOYEE OF KCD, IS THE WIFE OF BRAD LYMAN, THE HEAD OF THE SHCOOL. THE AMOUNT OF TRANSACTION LISTED IS THAT OF THE WAGES PAID TO JANE LYMAN FOR HER TEACHING. 0 PHILIP POINDEXTER KCD BOARD TRUSTEE 923886 PHILIP POINDEXTER, A TRUSTEE OF KCD, IS AN EXECUTIVE OFFICER OF STOCK YARDS BANK AND TRUST COMPANY, THE MAIN LENDER TO KCD VIA THE BOND ISSUE ON WHICH IT IS THE SOLE HOLDER. KCD PAID PRINCIPAL PAYMENTS OF $685,221 UNDER THE BONDS AND MADE INTEREST AND NET SWAP DIFFERENTIAL PAYMENTS TOTALING $238,665 DURING THE FISCAL YEAR. STOCK YARDS BANK WAS SELECTED UNDER A COMPETITIVE BID PROCESS INVOLVING SEVERAL SIMILAR FINANCIAL INSTITUTIONS. 0 X 9 28052 AVERAGE STOCK VALUE X AUCTION ITEMS 243 74815 FAIR MARKET VALUE 0 0 0 0 FORM 990, PART VI, SECTION A, LINE 3 CONTROLLER FUNCTION PERFORMED BY EMERALD ADVISORS GROUP, LLC. FORM 990, PART VI, SECTION B, LINE 11 THE 990 IS REVIEWED BY THE FINANCE DIRECTOR AND THE BOARD OF DIRECTORS. THE 990 IS ONLY APPROVED BY THE FINANCE COMMITTEE. ALL MEMBERS OF THE GOVERNING BODY ARE PROVIDED A COPY OF THE FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C KCD CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY. THE CONFLICT OF INTEREST POLICY IS REQUIRED TO BE COMPLETED AND SIGNED BY TRUSTEES, CERTAIN OFFICERS AND KEY EMPLOYEES. FORM 990, PART VI, SECTION B, LINE 15 A SPECIAL COMPENSATION COMMITTEE CONSISTING OF CURRENT BOARD MEMBERS, REVIEWS COMPARABLE DATA AND INDEPENDENT FINDINGS BEFORE ESTABLISHING THE COMPENSATION OF THE HEAD OF SCHOOL. THE HEAD OF SCHOOL DETERMINES THE OFFICERS' COMPENSATION. THE HEAD OF SCHOOL TAKES INTO CONSIDERATION JOINT RESEARCH AND PLANNING OFFICE (JRPO) REPORTS, MARKET CONSIDERATIONS (SUCH AS SIMILAR POSITIONS AT OTHER SCHOOLS), PERFORMANCE AND THE OVERALL COMPENSATION POOL. FORM 990, PART VI, SECTION C, LINE 19 KENTUCKY COUNTRY DAY SCHOOL DOES NOT MAKE ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. THE CONFLICT OF INTEREST POLICY IS AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -977,820. CHANGE IN VALUE OF SPLIT INTEREST TRUST 187,497. CHANGE IN FAIR VALUE OF CASH FLOW HEDGE -116,270. TOTAL TO FORM 990, PART XI, LINE 5: -906,593. FORM 990, PART XII, LINE 2C: OVERSIGHT OF THE AUDIT BY THE BOARD'S AUDIT COMMITTEE HAS NOT CHANGED FROM THE PRIOR YEAR. THIS COMMITTEE RECOMMENDS THE APPOINTMENT OF THE OUTSIDE AUDITORS TO THE ENTIRE BOARD OF TRUSTEES FOR APPROVAL. THIS COMMITTEE MEETS WITH THE OUTSIDE AUDITORS PRIOR TO THE BEGINNING OF THE AUDIT TO DISCUSS SCOPE AND OBJECTIVES OF THE AUDIT. THIS COMMITTEE IS ALSO AVAILABLE DIRECTLY TO THE OUTSIDE AUDITORS AS THE AUDIT PROGRESSES. UPON COMPLETION OF THE AUDIT, THE COMMITTEE MEETS AGAIN WITH THE OUTSIDE AUDITORS TO REVIEW RESULTS FOR A PORTION OF ALL MEETINGS. DURING THE PROCESS, THE COMMITTEE MEETS WITH THE OUTSIDE AUDITORS WITHOUT THE PRESENCE OF MANAGEMENT OF THE SCHOOL. THE AUDIT REPORT IS THEN PRESENTED BY THE FINANCE AND AUDIT COMMITTEE CHAIR TO THE ENTIRE BOARD.