2012-03-30T10:59:22-07:00 2011-06-30 990 2010-07-01 560940956 FORSYTH COUNTRY DAY SCHOOL INC FORS 3369453151 P O BOX 549 5501 SHALLOWFORD RD LEWISVILLE NC 270230549 ANDREA MATNEY 3369453151 2012-03-29 2010 2016-02-24 21:20:13Z ANDREA M MATNEY 5501 SHALLOWFORD ROAD LEWISVILLE NC 27023 35380339 0 X WWW.FCDS.ORG X 1970 NC FORSYTH COUNTRY DAY SCHOOL PROVIDES COMPREHENSIVE EDUCATIONAL PROGRAMS TO 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. 19 19 420 150 0 0 1364557 1540735 17987898 18147275 945471 2379673 243400 347394 20541326 22415077 2151509 2232571 0 0 12649398 13139824 60000 15000 731287 5908264 5993768 20769171 21381163 -227845 1033914 38148835 38963255 27393355 26685322 10755480 12277933 FORSYTH COUNTRY DAY SCHOOL PROVIDES COMPREHENSIVE EDUCATIONAL PROGRAMS TO 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 18076851 2232571 18147275 PROVIDING TRADITIONAL COLLEGE PREPARATORY EDUCATION TO APPROXIMATELY 911 STUDENTS IN GRADES JUNIOR PRE-KINDERGARTEN THROUGH TWELVE. 0 0 0 18076851 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 42 0 420 1 0 0 0 0 0 0 0 0 0 0 X 19 19 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 PO BOX 549 5501 SHALLOWFORD ROAD LEWISVILLE NC 270230549 KATHERINE D ATALA 5.0 X 0 0 0 BRUCE T BROWN 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 JOHNSON 5.0 X 0 0 0 MICHELLE 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 JOHN L SCOTT 5.0 X 0 0 0 TIMOTHY E SCRONCE 5.0 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 5.0 X 0 0 0 PHILIP R WAUGH JR 5.0 X 0 0 0 WILLIAM R WHITEHURST 5.0 X 0 0 0 HENRY M BATTLE JR 75.0 X 488070 0 40426 JOYCE G HENSON 55.0 X 104462 0 16356 ANDREA M MATNEY 50.0 X 181534 0 41527 NORRIS T BAKER 53.0 X 124110 0 39190 DAVUD C BOWMAN 50.0 X 119682 0 14266 1017858 0 151765 5 0 1 0 COMPASS GROUP 2400 YORKMONT ROAD CHARLOTTE NC 28217 FOOD SERVICE 670233 CENTRAL CAROLINA AIR CONDITIONING 1800-A FAIRFAX ROAD GREENSBORO NC 27417 HEATING & AIR 142233 2 0 0 0 0 0 1540735 73472 1540735 TUITION & FEES 611710 17575801 17575801 0 0 SUMMER PROGRAMS 611710 201650 201650 0 0 TRANSPORTATION 480000 111866 111866 0 0 COMMUNITY PROGRAMS 611710 94816 94816 0 0 AKOM TUITION 611710 28008 28008 0 0 135134 135134 0 0 18147275 436802 0 0 436802 0 0 0 0 0 0 0 0 34190 0 515 0 33675 0 33675 0 0 33675 14627964 7149 12689697 2545 1938267 4604 1942871 0 0 1942871 0 0 0 0 0 0 0 0 0 0 0 0 343410 272505 70905 0 0 70905 EMP CONTRACT TERM FEE 611710 124000 0 0 124000 FINANCE CHARGES 611710 51825 0 0 51825 MISCELLANEOUS 611710 35642 0 0 35642 31347 0 0 31347 242814 22415077 18147275 0 2727067 0 0 2232571 2232571 0 0 0 0 516639 135091 313999 67549 0 0 0 0 9384799 7884722 1105240 394837 406376 334974 58467 12935 2088030 1747679 256977 83374 743980 603056 112240 28684 0 0 0 0 2797 2797 0 0 49985 0 49985 0 0 0 0 0 15000 15000 43440 0 43440 0 150591 39202 109539 1850 57014 230 31689 25095 436652 292731 118195 25726 94030 91670 1787 573 0 0 0 0 970068 791364 174532 4172 166804 103465 61786 1553 0 0 0 0 37504 28417 5487 3600 974403 949928 18527 5948 0 0 0 0 1659870 1618207 31538 10125 132793 119807 10267 2719 STUDENT PROGRAM ACTIVITIES 433225 433225 0 0 LOSSES ON PROMISES TO GIVE 321596 321596 0 0 ATHLETICS 135512 135512 0 0 AUXILIARY EXPENSES 99734 99734 0 0 STUDENT BAD DEBTS 37079 37079 0 0 190671 73794 69330 47547 21381163 18076851 2573025 731287 2205559 2518917 306047 317346 1586941 1202129 350218 348631 0 0 0 0 6833 4833 120122 101219 56066 67633 41507636 20066752 22307946 21440884 11209103 12961663 0 0 0 0 0 0 0 0 38148835 38963255 1348352 1237306 0 0 2758152 2859764 21568381 20982890 0 0 0 0 17753 57095 0 0 1700717 1548267 27393355 26685322 X 3252428 6110506 5222879 3858274 2280173 2309153 10755480 12277933 38148835 38963255 X 1033914 488539 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7818908 1631344 2690134 0 2084762 0 10055624 6075221 1538141 1488546 0 1283000 0 7818908 9840266 1666480 -4464611 0 966914 0 6075221 0.7712 0.2288 0 0 0 0 2281672 2281672 0 25635410 8949941 16685469 0 0 0 0 0 8070410 7034472 1035938 0 5520144 4082339 1437805 21440884 0 SWAP PAYABLE 1423795 AGENCY FUNDS 124472 1548267 22415077 21381163 1033914 369477 0 0 0 119062 488539 1522453 20907382 369477 0 0 240941 610418 20296964 0 2118113 2118113 22415077 19384929 0 0 0 240941 240941 19143988 0 2237175 2237175 21381163 SchD_P05_S00_L04 Schedule D, Part V, Line 4 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 SECTTION 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 OT OBLIGATIONS AS OF JUNE 30, 2011. FISCAL YEARS ENDING ON OR AFTER 2008 REMAINS 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 119,062. SchD_P12_S00_L02d Schedule D, Part XII, Line 2d OTHER ADJUSTMENTS: COST OF GOODS SOLD - BOOKSTORE 240,426; RENTAL EXPENSES 515; TOTAL 240,941. SchD_P12_S00_L04b Schedule D, Part XII, Line 4b OTHER ADJUSTMENTS: FINANCIAL AID 2,232,571; CHANGE IN FAIR VALUE OF INTEREST RATE SWAP (119,062); GAIN ON DISPOSAL OF FIXED ASSETS 4,604; TOTAL 2,118,113. SchD_P13_S00_L02d Schedule D, Part XIII, Line 2d OTHER ADJUSTMENTS: COST OF GOODS SOLD - BOOKSTORE 240,426; RENTAL EXPENSES 515; TOTAL 240,941. SchD_P13_S00_L04b Schedule D, Part XIII, Line 4b OTHER ADJUSTMENTS: FINANCIAL AID 2,232,571; GAIN ON DISPOSAL OF FIXED ASSETS 4,604; TOTAL 2,237,175. 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-DISCRIMINATORY POLICY TOWARDS STUDENTS IS PUBLISHED THROUGH A PRINTED STATEMENT OF THE SCHOOL'S ADMINISTRATION POLICY IN LOCAL NEWSPAPERS, MAGAZINES, WEB-SITE, CATALOGS AND BROCHURES, EDUCATION POLICIES AND SCHOOL ADMINISTERED PROGRAMS. 1 FINANCIAL AID TO STUDENTS OF SCHOOL 213 2232571 0 SchI_P01_S00_L02 Schedule I, Part I, Line 2 FORSYTH COUNTRY DAY SCHOOL'S FINANCIAL AID TO THE 213 STUDENTS AWARDED ASSISTANCE IS DIRECTLY APPLIED TO EACH STUDENT'S BILLING ACCOUNT TO OFFSET TUITION CHARGES. X X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 HENRY M BATTLE JR 324598 0 0 0 163472 0 14700 0 25726 0 528496 0 120000 0 ANDREA M MATNEY 131199 0 0 0 50335 0 6576 0 34951 0 223061 0 40000 0 NORRIS T BAKER 123227 0 0 0 883 0 7590 0 31600 0 163300 0 0 0 SchJ_P01_S00_L01a Schedule J, Part I, Line 1a COUNTRY CLUB DUES PAID ON BEHALF OF THE HEADMASTER, PURSUANT TO HIS EMPLOYMENT AGREEMENT AND GROSS UP PAYMENTS RELATED TO THE TAXES ON PERSONAL USE OF HIS 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 HEADMASTER AND CHIEF FINANCIAL OFFICER HAVE A SECTION 457(f) DEFERRED COMPENSATION PLAN, PURSUANT TO THEIR EMPLOYMENT AGREEMENTS WITH THE SCHOOL TO WHICH, $30,000 AND $10,000, RESPECTIVELY, WAS CONTRIBUTED ON THEIR BEHALF BY THE SCHOOL. THE HEADMASTER AND CHIEF FINANCIAL OFFICER RECEIVED A PAY-OUT OF THEIR DEFERRED COMPENSATION THAT WAS CREDITED TO THEIR ACCOUNTS FOR SERVICE PERFORMED IN PRIOR YEARS, ON OR AROUND JUNE 30, 2010. THE PAY-OUT IN THE AMOUNT OF $150,000 AND $50,000 TO THE HEADMASTER AND CHIEF FINANCIAL OFFICER, RESPECTIVELY, WERE DISBURSED AFTER PLAN REQUIREMENTS FOR YEARS OF PAST SERVICE WERE MET. AS NOTED IN SCHEDULE J, PART II, OTHER REPORTABLE COMPENSATION IN COLUMN iii INCLUDES $120,000 AND $40,000 FOR THE HEADMASTER AND CHIEF FINANCIAL OFFICER, RESPECTIVELY, THAT WAS INCLUDED IN A PRIOR YEAR'S FORM 990, SCHEDULE J DISCLOSURES. SUCH REPORTING IN PRIOR YEAR'S FORM 990 SCHEDULE J, COLUMN C DISCLOSURES WERE MADE AS THE FUNDS WERE CONTRIBUTED TO THE 457(f) DEFERRED COMPENSATION PLAN IN THE YEARS THE REQUIRED SERVICE WAS PERFORMED. AS REQUIRED, SUCH AMOUNTS THAT ARE REPORTED TWICE IN THE FORM 990 (ONCE IN THE YEARS ACCRUED TO THE PLAN AND AGAIN WHEN PAID THIS YEAR), ARE NOTED IN COLUMN F TO INDICATE THEY WERE REPORTED AS COMPENSATION ON THE SCHEDULE J - COLUMN C IN PAST YEARS. 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 0 1 0 0 0 1 0 1 1 BB&T 10.0 0 0 0 0 1 X 8238 FMV X 1 31675 FMV X 6 13545 FMV X ATHLETIC ITEMS 2 15145 FMV X EDUCATION SUPPLIES 6 2974 FMV X PIANIST SERVICE 1 1000 895 X OFFICE EQUIPMENT 1 895 FMV 0 0 1 0 F990_P06_S0A_L09 Form 990, Part VI, Section A, Line 9 - KEY EMPLOYEE THAT CANNOT BE REACHED AT THE SCHOOL'S MAILING ADDRESS: HENRY M. BATTLE, JR., HEADMASTER; CURRENT ADDRESS: P.O. BOX 329, ROARING GAP, NC 28868-0329 F990_P06_S0B_L11a Form 990, Part VI, Section B, Line 11a 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 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 A 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 COMPLENSATION: THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS, DECIDES UPON AND UPDATES THE FULL BOARD AS TO THE COMPENSATION FOR THE HEADMASTER. COMPARATIVE DATA WAS ANALYZED AT THE TIME OF THE MOST RECENT CHANGE IN COMPENSATION FOR THE HEADMASTER, SUCH DATA WAS OBTAINED FROM AN OUTSIDE CONSULTANT AND THE NAIS. SUCH DISCUSSIONS AND DECISIONS WERE DOCUMENTED IN THE MINUTES. THE HEADMASTER'S COMPENSATION IS REVIEWED EACH CONTRACT TERM. THE HEADMASTER SETS THE COMPENATION FOR ALL OTHER TOP MANAGEMENT EACH YEAR USING SIMILAR COMPARATIVE DATA FROM THE NAIS WITH THE EXCEPTION OF THE CFO, WHOSE COMPENSATION WAS REVIEWED AND APPROVED BY THE HEADMASTER 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, 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 GAINS ON INVESTMENTS $369,477 AND CHANGE IN FAIR VALUE OF INTEREST RATE SWAP $119,062, FOR A TOTAL OF $488,539.