2011-05-13T15:01:24-07:00 2010-06-30 990 2009-07-01 560940956 FORSYTH COUNTRY DAY SCHOOL INC FORS 3369453151 P O Box 549 5501 SHALLOWFORD RD LEWISVILLE NC 270230549 ANDREA MATNEY 3369453151 2011-05-13 2009 2016-02-24 21:20:13Z HENRY M BATTLE JR 5501 SHALLOWFORD RD LEWISVILLE NC 27023 36128940 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. 17 17 415 150 0 0 1523909 1364557 18161153 17987898 -3400079 945471 280237 243400 16565220 20541326 1520572 2151509 0 13853435 12649398 60000 632249 6019188 5908264 21393195 20769171 -4827975 -227845 38525918 38148835 27446722 27393355 11079196 10755480 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 17485838 2151509 17987898 PROVIDING TRADITIONAL COLLEGE PREPARATORY EDUCATION TO APPROZIMATELY 947 STUDENTS IN GRADES PRE-KINDERGARTEN THROUGH TWELVE 0 0 0 17485838 1 1 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 1 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 1 39 0 415 1 0 0 0 0 0 0 0 0 0 17 17 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 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 0 0 0 TIMOTHY A COOPER 5.0 X X 0 0 0 JIMMY A DEW 5.0 X 0 0 0 CHRISTY L HARTLEY 5.0 X 0 0 0 LISA JOHNSON 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 E REECE II 5.0 X 0 0 0 JOHN L SCOTT 5.0 X 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 JR 5.0 X 0 0 0 PHILIP R WAUGH JR 5.0 X X 0 0 0 HENRY M BATTLE JR 75.0 X 332771 0 77804 ANDREA M MATNEY 50.0 X 125904 0 41881 RUSTY L LARUE 55.0 X 141615 0 17322 NORRIS T BAKER 53.0 X 122073 0 31757 DAVID C BOWMAN 50.0 X 117335 0 12383 JOYCE G HENSON 55.0 X 103281 0 13175 942979 0 194322 6 0 1 0 COMPASS GROUP 2400 YORKMONT ROAD CHARLOTTE NC 28217 FOOD SERVICE 608702 MAGNOLIA CONSTRUCTION LLC ONE W FOURTH ST WINSTON SALEM NC 27101 CONSTRUCTION 184575 2 1364557 60468 1364557 TUITION AND FEES 611710 17428725 17428725 SUMMER PROGRAMS 611710 215952 215952 TRANSPORTATION 480000 103255 103255 COMMUNITY PROGRAMS 611710 90811 90811 AKOM TUITION 611710 30636 30636 118519 118519 17987898 286854 286854 16712 778 15934 0 15934 15934 15950531 6413 15292821 5506 657710 907 658617 658617 377847 288509 89338 89338 FINANCE CHARGES 611710 67756 67756 MISCELLANEOUS INCOME 611710 46914 46914 FOOD SERVICE 611710 16258 16258 7200 7200 138128 20541326 17987898 0 1188871 0 2151509 2151509 745370 209844 430604 104922 0 8857814 7552025 1015512 290277 397450 330528 54158 12764 1957905 1593171 308571 56163 690859 553061 117487 20311 4059 4059 37950 37950 60000 60000 43440 43440 53007 13000 35149 4858 43637 430 37460 5747 578176 415601 141697 20878 172206 167884 3272 1050 817217 696142 116934 4141 141033 72095 65751 3187 18101 14277 3639 185 918807 895739 17462 5606 1816418 1770826 34512 11080 145737 127644 15267 2826 STUDENT PROGRAM ACTIVITIES 406651 406651 0 0 MISCELLANEOUS EXPENSES 405036 208622 168160 28254 ALL KINDS OF MINDS 159612 159612 0 0 AUXILIARY EXPENSES 84013 84013 0 0 STUDENT BAD DEBTS 63164 63164 0 0 20769171 17485838 2651084 632249 2345735 2205559 286998 306047 1951223 1586941 354398 350218 0 6833 129225 120122 127010 56066 40788085 18480139 23605065 22307946 9716057 11209103 10207 38525918 38148835 1501477 1348352 2769834 2758152 22128869 21568381 43683 17753 1002859 1700717 27446722 27393355 X 2103799 3252428 6707969 5222879 2267428 2280173 11079196 10755480 38525918 38148835 X 0 1 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6075221 1538141 1488546 0 1283000 0 7818908 9840266 1666480 -4464611 0 966914 0 6075221 0.7438 0.2562 0 0 0 0 2030470 2030470 0 25552945 8220401 17332544 0 0 0 0 0 7808125 6500294 1307831 0 5396545 3759444 1637101 22307946 0 SWAP PAYABLE 1542857 AGENCY FUNDS 157860 1700717 20541326 20769171 -227845 551003 0 0 0 -646874 -95871 -323716 18569782 551003 0 0 276743 827746 17742036 0 2799290 2799290 20541326 18893498 0 0 0 276743 276743 18616755 0 2152416 2152416 20769171 SchD_P05_S00_L04 Schedule D, Part V, Line 4 FORSYTH COUNTRY DAY SCHOOL'S ENDOWMENT CONSISTS OF APPROXIMATTELY 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_L00 Schedule D, Part X OTHER LIABILITIES, LINE 2: AS STATED IN THE AUDITED FINANCIAL STATEMENTS OF FORSYTH COUNTRY DAY SCHOOL FOR THE YEAR ENDED JUNE 30, 2010 IN THE NOTES TO FINANCIAL STATEMENTS: NOTE A - 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, 2010. SchD_P11_S00_L08 Schedule D, Part XI, Line 8 OTHER ADJUSTMENTS; CHANGE IN FAIR VALUE OF INTEREST RATE SWAP (646,874) SchD_P12_S00_L02d Schedule D, Part XII, Line 2d OTHER ADJUSTMENTS: COST OF GOODS SOLD - BOOKSTORE 275,965; RENTAL EXPENSES 778; TOTAL 276,743 SchD_P12_S00_L04b Schedule D, Part XII, Line 4b OTHER ADJUSTMENTS: FINANCIAL AID 2,151,509; CHANGE INFAIR VALUE OF INTEREST RATE SWAP 646,874; GAIN ON DISPOSAL OF FIXED ASSETS 907; TOTAL 2,799,290 SchD_P13_S00_L02d Schedule D, Part XIII, Line 2d OTHER ADJUSTMENTS: COST OF GOODS SOLD - BOOKSTORE 275,965; RENTAL EXPENSES 778; TOTAL 276,743 SchD_P13_S00_L04b Schedule D, Part XIII, Line 4b OTHER ADJUSTMENTS: FINANCIAL AID 2,151,509; GAIN ON DISPOSAL OF FIXED ASSETS 907; TOTAL 2,152,416 1 1 1 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 1 1 1 0 0 0 0 0 0 0 0 0 0 1 X X X X 1 ROBERT W WELCH CONSULTING 0 0 60000 -60000 0 60000 -60000 NC 1 FINANCIAL AID TO STUDENTS OF SCHOOL 209 2151509 0 SchI_P01_S00_L02 Schedule I, Part I, Line 2 FORSYTH COUNTRY DAY SCHOOL'S FINANCIAL AID TO THE 209 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 318186 0 0 0 14585 0 43364 0 34440 0 410575 0 0 0 ANDREA M MATNEY 125589 0 0 0 315 0 16552 0 25329 0 167785 0 0 0 RUSTY L LARUE 44003 0 0 0 97612 0 2333 0 14989 0 158937 0 62500 0 NORRIS T BAKER 121210 0 0 0 863 0 6580 0 25177 0 153830 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 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, CHIEF FINANCIAL OFFICER AND ATHLETIC DIRECTOR HAVE A SECTION 457(F) DEFFERRED COMPENSATION PLAN, PURSUANT TO THEIR EMPLOYMENT AGREEMENTS WITH THE SCHOOL TO WHICH, $30,000, $10,000 AND $35,000, RESPECTIVELY, WAS CONTRIBUTED ON THEIR BEHALF BY THE SCHOOL. THE ATHLETIC DIRECTOR RECEIVED A PAY-OUT OF HIS DEFERRED COMPENSATION IN THE AMOUNT OF $97,500 DURING THE CALENDAR YEAR 2009, $62,500 OF WHICH WAS PREVIOUSLY REPORTED ON SCHEDULE J, PART II, COLUMN C IN 2008 AND 2007. NC CAPITAL FACILITIES FINANCE AGENCY 561592154 65818PEE5 2005-10-13 23785000 SCHOOL CONSTRUCTION 0 0 23879712 126558 4968154 2006 1 0 1 1 0 0 1 0 1 0 0 0 1 0 1 1 BB&T 10.0 0 0 1 X 3693 FMV X 5 13547 FMV X ATHLETIC ITEMS 5 35260 FMV X FOOD / CATERING 1 4485 FMV X TECH / PHOTO EQUIPMENT 3 2899 FMV X SUPPLIES 2 584 FMV 0 0 1 0 F990_P06_S0A_L09 Form 990, Part VI, Section A, Line 9 KEY EMPLOYEE THAT CANNOT BE REACHED AT MAILING ADDRESS: HENRY M. BATTLE, JR, HEADMASTER; CURRENT ADDRESS: PINECREST SCHOOL, 2700 ST. ANDREWS BLVD, BOCA RATON, FL 33434 F990_P06_S0B_L11 Form 990, Part VI, Section B, Line 11 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 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 INTERESTED PERSON, IT IS THE RESPONSIBILITY OF THE BOARD MEMBER OR OTHER INTERESTED 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 TRANSACTIOON 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 OF TRUSTEES 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 SETS THE COMPENSATION FOR ALL OTHER TOP MANAGEMENT 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 FORSYTH COUNTRY DAY SCHOOL'S ORGANIZATIONAL DOCUMENTS, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. SchG_P01_S00_L03 Schedule G, Part I, Line 3 NORTH CAROLINA - EXEMPT FROM REGISTERING DUE TO EDUCATIONAL INSTITUTION. SchK_P02_S00_L01 Schedule K, Part II, Line 1 THE TOTAL PROCEEDS OF THE SERIES 2005 BOND ISSUE INCLUDES $94,712 OF INTEREST EARNINGS. THE SERIES 2001 BOND ISSUE WAS REFUNDED WITH THE GROSS PROCEEDS OF THE 2005 SERIES ISSUE IN THE AMOUNT OF $18,785,000.