2012-03-28T12:11:33-05:00 2011-06-30 MOUNTJOY CHILTON MEDLEY LLP 462 S FOURTH ST 2000 MEIDINGER TOWE LOUISVILLE KY 402023445 990 2010-07-01 610731998 KENTUCKY COUNTRY DAY SCHOOL INC KENT 5024230440 4100 SPRINGDALE ROAD LOUISVILLE KY 40241 LARRY E COOPER 5024230440 2012-03-01 1 REBECCA L PHILLIPS CPA 5027491900 2010 2016-02-24 21:20:13Z BRADLEY E LYMAN 4100 SPRINGDALE ROAD LOUISVILLE KY 40241 15723731 0 X WWW.KCD.ORG X 1972 KY HIGH QUALITY EDUCATION. 25 23 301 1020 46153 -64467 1960231 969237 12769508 13245453 -143250 389257 79159 297416 14665648 14901363 0 0 0 0 10208477 10443607 0 0 494877 3762275 4879688 13970752 15323295 694896 -421932 36761035 39719594 11448190 13210568 25312845 26509026 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 10294327 13257192 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 NEW 400 SEAT THEATER.ATHLETICS: KCD STUDENTS DEVELOP THEIR BODIES AND CHARACTERS THROUGH PARTICIPATION IN A VERY WIDE RANGE OF INTERSCHOLASTIC AND INTRAMURAL SPORTS PROGRAMS. 10294327 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 1 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 12 0 1 301 1 1 1 0 0 0 0 1 1 0 0 0 0 X 25 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 KY X ANNIE KARABA 5024230440 4100 SPRINGDALE ROAD LOUISVILLE KY 40241 LOUANN ATLAS 1.00 X X 0 0 0 DOUG SUMNER 1.00 X X 0 0 0 MARY BARRAZOTTO 1.00 X X 0 0 0 RUDY GERNERT 1.00 X X 0 0 0 RUSSEL COX SR 1.00 X 0 0 0 ARCHIE PARSLEY 1.00 X 0 0 0 TED MITZLAF 1.00 X 0 0 0 TERRI ALLEN 1.00 X 0 0 0 TODD BLUE 1.00 X 0 0 0 RICHARD CARUCCI 1.00 X 0 0 0 PAIDEMOYO CHARASIKA 1.00 X 0 0 0 DAVID GARNER 1.00 X 0 0 0 ROBERT JONES 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 REBECCA BAILEY 1.00 X 0 0 0 PATRICIA BENNETT 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 ROGER SHANNON 1.00 X 0 0 0 PAUL WEDGE 1.00 X 0 0 0 JAMES ELLIOTT 50.00 X 92202 0 18700 LARRY COOPER 50.00 X 100846 0 11740 BRADLEY LYMAN 50.00 X 311450 0 51967 JAMES T GREEN 50.00 X 122474 0 67294 MARCHE HARRIS 50.00 X 100590 0 10131 FRANK HEIL 50.00 X 100590 0 7224 828152 0 167056 5 0 1 0 PARCO CONSTRUCTORS GROUP 2521 RIDGEMONT COURT LOUISVILLE KY 40299 CONSTRUCTION SERVICES 2419024 1 41421 927816 122163 969237 TUITION AND FEES 611710 12720434 12720434 AFTER SCHOOL PROGRAMS 611710 189147 189147 SUMMER PROGRAM INCOME 611710 146027 146027 ARTS ACADEMY 611710 59980 59980 DRAMA PROGRAM 611710 50193 50193 79672 79672 13245453 338997 338997 17379 2156 15223 15223 15223 781133 2595 733468 47665 2595 50260 50260 77089 41421 36174 40915 40915 88230 50570 37660 37660 MISCELLANEOUS INCOME 900099 145726 145726 THEATRE PERFORMANCES 900004 46153 46153 VENDING INCOME 611710 11739 11739 203618 14901363 13257192 46153 628781 620221 12406 393404 214411 8331748 6465456 1793318 72974 463323 410742 51390 1191 422685 352488 67884 2313 605630 489891 113925 1814 11820 11820 37450 37450 37185 37185 93042 53940 39102 78041 78041 191894 15347 174084 2463 117220 116945 275 637391 468482 159348 9561 23391 23391 194890 194890 912383 665361 233443 13579 212889 209788 3101 ADMINISTRATIVE - OTHER 914436 321870 419371 173195 INSTRUCTIONAL - OTHER 902179 902179 CAFETERIA - OTHER 311377 311377 UNCOLLECTIBLE ACCOUNTS 136165 136165 THEATRE PERFORMANCES 67935 67935 15323295 10294327 4534091 494877 200 2995240 3126108 3819151 3417641 73167 94251 3828 246848 138988 29415587 9787868 17678907 19627719 10926195 12110047 872205 1116427 59414 149322 24971 36761035 39719594 2128071 1855609 4517537 4696114 4281822 5876220 256273 235735 264487 546890 11448190 13210568 X 14881262 13152585 262049 2830671 10169534 10525770 25312845 26509026 36761035 39719594 X -421932 1618113 X X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11798400 100314 1907328 542433 37185 13226424 10750943 279671 1238143 438800 31557 11798400 9755886 2763874 -1281027 463000 24790 10750943 0.17350 0.61980 0.20670 0 0 672470 672470 20381616 3590771 16790845 3282944 1947962 1334982 4997909 4235514 762395 80648 13621 67027 19627719 DEPOSITS HELD FOR OTHERS 273735 FAIR VALUE OF INTEREST RATE SWAP 273155 546890 14901363 15323295 -421932 1571172 46941 1618113 1196181 16757982 1571172 322632 1893804 14864178 37185 37185 14901363 15561801 275691 275691 15286110 37185 37185 15323295 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE INTENDED USE OF THE ORGANIZATION'S ENDOWMENT FUND IS TO SUPPORT OPERATIONS. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF REMAINDER INTEREST IN SPLIT-INTEREST TRUST 320,096. LOSS ON ASSET DISPOSAL 380. RENTAL EXPENSES - RELATED 2,156. PART XIII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN FAIR VALUE OF CASH FLOW HEDGE 273,155. LOSS ON ASSET DISPOSAL 380. RENTAL EXPENSE - RELATED 2,156. PART XI, LINE 8: CHANGE IN VALUE OF REMAINDER INTEREST IN SPLIT-INTEREST TRUST: $320,096 CHANGE IN FAIR VALUE OF CASH FLOW HEDGE: -$273,155 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 118510 41421 77089 2333 19416 250 14175 118510 41421 77089 2333 19416 250 14175 36174 40915 88230 50570 1 1.00000 88230 50570 50570 37660 KY 1 0 1 0 0.00000 0.00000 ANNIE KARABA 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 244100 0 21500 0 45850 0 18600 0 33367 0 363417 0 0 0 JAMES T GREEN 122474 0 0 0 0 0 9486 0 57808 0 189768 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 4089942 44943 4044999 0 0 1 1 0 0 0 0 1 0 1 0 0 0.15750 0.00000 0.15750 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 BRAD LYMAN PAYROLL ADVANCE X 12000 12000 0 1 1 12000 24470 DISCOUNTED TUITION PARCO CONSTRUCTORS GROUP LLC FAMILY MEMBER OF KCD TRUSTEE IS AN OFFICER AND CONTROLLING SHAREHOLDER 1597823 ARCHIE PARSLEY, A KCD BOARD MEMBER, IS THE FATHER OF BRIAN PARSLEY. BRIAN PARSLEY IS AN OFFICER AND CONTROLLING SHAREHOLDER OF PARCO CONSTRUCTORS GROUP, LLC WHICH WAS CONTRACTED BY KCD TO PERFORM WORK RELATED TO THE CAMPUS EXPANSION. PARCO WAS AWARDED THE CONTRACT AFTER A BIDDING PROCESS MANAGED BY A KCD BOARD TASK FORCE (IN WHICH ARCHIE PARSLEY DID NOT PLAY A ROLE), BASED ON IT BEING THE LOWEST BIDDER AND HAVING A SUCCESSFUL RECORD ON SIMILAR PROJECTS. THE FULL KCD BOARD OF TRUSTEES (WITHOUT ARCHIE PARSLEY'S PARTICIPATION) APPROVED THE AWARD OF THE CONTRACT TO PARCO AND ALL SUBSEQUENT CHANGE ORDERS RECOMMENDED BY THE BOARD'S CHAIRMAN. 0 JANE LYMAN KCD TEACHER 63088 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 3079751 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 DREW DOWN A TOTAL OF $2,245,840 AND REPAID A TOTAL OF $651,442 UNDER THE BONDS, AND MADE INTEREST AND NET SWAP DIFFERENTIAL PAYMENTS TOTALLING $182,469 DURING THE FISCAL YEAR. 0 X 5 122163 SALES PRICE 0 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE 990 IS REVIEWED BY THE DIRECTOR OF BUSINESS AND FINANCE WHO PRESENTS HIS FINDINGS TO THE FINANCE/AUDIT COMMITTEE, AND THEN THE FULL BOARD OF DIRECTORS FOR APPROVAL BY BOTH BODIES. 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 GAINS ON INVESTMENTS: 1,571,172. CHANGE IN VALUE OF SPLIT INTEREST TRUST 320,096. CHANGE IN FAIR VALUE OF CASH FLOW HEDGE -273,155. TOTAL TO FORM 990, PART XI, LINE 5: 1,618,113. 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.