2011-09-12T14:59:08-05:00 2011-06-30 PASQUESI SHEPPARD LLC 585 BANK LANE LAKE FOREST IL 60045 990 2010-07-01 362415685 LAKE FOREST COUNTRY DAY SCHOOL LAKE 8472342350 145 SOUTH GREEN BAY ROAD LAKE FOREST IL 600453099 DANIEL KROHTA 8472342350 2011-09-06 1 TIMOTHY B KLEIN 8472345000 2010 2016-03-07 17:11:31Z DANIEL KROHTA 145 S GREEN BAY ROAD LAKE FOREST IL 60045 15502283 0 X WWW.LFCDS.ORG X 1958 IL THE PURPOSE OF THE LAKE FOREST COUNTRY DAY SCHOOL IS TO MAINTAIN AND MANAGE AN INDEPENDENT ELEMENTARY SCHOOL WHICH WILL GUIDE AND STIMULATE CHILDREN TO POSITIVE, CONSTRUCTIVE AND EFFECTIVE ATTITUDES TOWARD WORK, FAMILY AND COMMUNITY. THE SCHOOL ATTEMPTS TO STIMULATE EACH STUDENT TO MAKE THE FULLEST USE OF HIS OR HER CAPACITY TO LEARN. 21 21 130 308 0 0 865739 1053562 8669366 8357474 1003344 1461273 446841 414128 10985290 11286437 934130 1081031 0 0 7133087 6856827 0 800 220756 4022689 4269180 12089906 12207838 -1104616 -921401 48139418 49349398 32086577 31838994 16052841 17510404 X INSPIRED TEACHING, ACADEMIC RIGOR, ATTENTION TO INDIVIDUAL NEEDS, A COMMITMENT TO RESPONSIBLE CITIZENSHIP-THESE PRINCIPLES INFUSE EVERY ASPECT OF LIFE AT LAKE FOREST COUNTRY DAY SCHOOL AND DEFINE OUR DEDICATION TO PRODUCING STUDENTS OF STRONG CHARACTER WITH A PASSION FOR LEARNING. 0 0 10411718 1081031 8357474 THE SCHOOL PROVIDES ACADEMIC INSTRUCTION AND EDUCATION FOR STUDENTS FROM AGE TWO THROUGH THE EIGHTH GRADE. THE ACADEMIC PROGRAM IS ENRICHED BY AN EXTENSIVE EXTRACURRICULAR PROGRAM SPANNING THE ARTS, PUBLICATIONS, COMMUNITY SERVICE, TRIPS AND ATHLETICS. THE SCHOOL PROVIDES A WELL-ROUNDED EDUCATION TO CHILDREN OF VARIOUS SKILLS AND ABILITIES. 10411718 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 19 0 1 130 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 21 21 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X X DANIEL KROHTA 8472342350 145 S GREEN BAY ROAD LAKE FOREST IL 600453099 MICHAEL E ROBINSON 55.00 X X 222740 0 168368 FREDERICK G WACKER III 1.00 X X 0 0 0 HOMI B PATEL 1.00 X X 0 0 0 JEFF SILVER 1.00 X X 0 0 0 DAVID D GRUMHAUS 1.00 X X 0 0 0 JOHN W DIXON 1.00 X X 0 0 0 EARL BARNES II 1.00 X 0 0 0 KENNY BOZORGI 1.00 X 0 0 0 SAGE L DEPREE 1.00 X 0 0 0 JEAN GREENE 1.00 X 0 0 0 AHMED FARAG 1.00 X 0 0 0 NICHOLAS ALEXOS 1.00 X 0 0 0 TERRI JANECK 1.00 X 0 0 0 BRIAN GAMACHE 1.00 X 0 0 0 SIDDHARTH N MEHTA 1.00 X 0 0 0 CHARLES MILLS 1.00 X 0 0 0 ELLORY PECK 1.00 X 0 0 0 JAMES PEPPER 1.00 X 0 0 0 MEREDITH LYTLE 1.00 X 0 0 0 YVONNE STEINWOLD 1.00 X 0 0 0 WENDY WEIL 1.00 X 0 0 0 T SANDS THOMPSON 1.00 X 0 0 0 PATRICE WETZEL 1.00 X 0 0 0 DANIEL KROHTA 45.00 X 129233 0 12600 SALLY BULLARD 50.00 X 121525 0 13164 ROBERT BULLARD 45.00 X 115310 0 12904 KEITH GILLETTE 45.00 X 112160 0 13547 700968 0 220583 5 0 1 0 TENACIOUS CLEANING SERVICE INC 481 A-IRMEN DRIVE ADDISON IL 60101 CLEANING SERVICE 244812 INTEGRYS ENERGY SERVICES 1716 LAWRENCE DR DE PERE WI 54115 NATURAL GAS AND ELECTRICITY 144281 2 1053562 196127 1053562 TUITION FEES 611600 7690164 7690164 TESTING & ADMIN. FEES 611600 268043 268043 STUDENT FEES 611600 227772 227772 TUTORING FEES 611600 167523 167523 FORFEITED ENROLLMENT 611600 3972 3972 8357474 569866 569866 76771 76771 76771 76771 4953184 266 4061913 130 891271 136 891407 891407 464828 153803 311025 311025 MISCELLANEOUS 900099 26332 26332 26332 11286437 8357474 0 1875401 1081031 1081031 5469082 4709344 624068 135670 434780 375404 48909 10467 566785 489382 63758 13645 386180 333441 43442 9297 39421 39421 35300 35300 800 800 364247 319503 44744 81388 81388 44172 30972 13200 1055533 921957 133576 1056538 922835 133703 68691 68691 DEPT INSTRUCTIONAL EXPE 302318 302318 UTILITIES 218861 218861 FOOD EXPENSE 199710 199710 SUPPLIES 177080 167915 8347 818 REPAIRS AND MAINTENANCE 108034 108034 517887 162320 305508 50059 12207838 10411718 1575364 220756 2586023 4245444 1387167 982176 618192 741938 31487786 9478735 22981249 22009051 17903783 19412133 1879184 1075880 783820 882776 48139418 49349398 1043606 1064361 5321035 5141088 23000000 23000000 2721936 2633545 32086577 31838994 X 13282005 15096804 2281925 1924689 488911 488911 16052841 17510404 48139418 49349398 X -921401 2378964 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 19549461 538501 3691271 1617000 22162233 17914554 705478 2079429 1150000 19549461 22280823 874914 -3341183 4000 1896000 17914554 0.93660 0.04130 0.02210 0 0 27744802 7151200 20593602 2409657 1808157 601500 1333327 519378 813949 22009051 INTEREST RATE SWAP AGREEMENT 2633545 2633545 11286437 12207838 -921401 2378964 2378964 1457563 12738173 2378964 -1081031 1297933 11440240 -153803 -153803 11286437 11280610 153803 153803 11126807 1081031 1081031 12207838 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: EFFECTIVE JULY 1, 2009 MANAGEMENT HAS ADOPTED NEW ACCOUNTING PROVISIONS WHICH IMPOSE A THRESHOLD FOR DETERMINING WHEN UNCERTAIN TAX POSITIONS SHOULD BE DISCLOSED OR RECORDED. THE THRESHOLD NOW IMPOSED FOR FINANCIAL STATEMENT REPORTING GENERALLY IS HIGHER THAN THE THRESHOLD NOW IMPOSED FOR CLAIMING DEDUCTIONS ON INCOME TAX RETURNS. AS A RESULT OF THE IMPLEMENTATION, THE SCHOOL UTILIZED THE MORE LIKELY THAN NOT CRITERIA AND DETERMINED THAT ALL OF THEIR TAX POSITIONS MEET THAT CRITERIA. THEREFORE, THE SCHOOL HAS NOT RECORDED ANY ADJUSTMENTS OR DISCLOSED ANY SITUATIONS THAT AROSE FROM UNCERTAIN TAX POSITIONS. PART XII, LINE 2D - OTHER ADJUSTMENTS: SCHOLARSHIPS NETTED AGAINST GROSS TUITION -1,081,031. PART XII, LINE 4B - OTHER ADJUSTMENTS: AUCTION EXPENSES -153,803. PART XIII, LINE 2D - OTHER ADJUSTMENTS: AUCTION EXPENSES 153,803. PART XIII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS NETTED AGAINST GROSS TUITION 1,081,031. SCHEDULE D, PART V, LINE 4: DRAWS FROM THE ENDOWMENT FUND ARE USED TO SUPPORT THE SCHOOL'S OPERATIONS AND MISSION. 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 AN ANNUALLY PUBLISHED BULLETIN OF INFORMATION IS AVAILABLE TO ALL MEMBERS OF THE COMMUNITY AND CONTAINS A STATEMENT OF THE SCHOOL'S NONDISCRIMINATION POLICY. AUCTION 464828 464828 153803 464828 464828 153803 153803 311025 1 FINANCIAL AID IS PROVIDED TO THOSE STUDENTS WHO ARE DETERMINED TO NEED ASSISTANCE PER JUDGEMENT BY THE SCHOOL AND STUDENT SERVICE FOR FINANCIAL AID IN PRINCETON, NEW JERSEY. 60 772604 DETERMINED BY THE SCHOOL AND STUDENT SERVICE FOR FINANCIAL AID. DISCOUNTED TUITION TUITION REMISSION IS PROVIDED FOR STUDENTS WHO ARE CHILDREN OF FACULTY AND STAFF. 16 308427 BASED ON GRADE LEVEL OF CHILDREN ENROLLED AT LAKE FOREST COUNTRY DAY SCHOOL. FREE TUITION PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE SCHOOL BOARD ALLOCATES A BUDGETED AMOUNT FOR FINANCIAL AID. AWARDS ARE DETERMINED BY EVALUATING EACH FAMILY'S INCOME, EXPENSES, AND OTHER OBLIGATIONS. STUDENTS WHO RECEIVE AN AWARD MUST SHOW CONTINUED NEED FOR FINANCIAL AID, MEET ACADEMIC STANDARDS, AND DEMONSTRATE GOOD CITIZENSHIP. X X X X 1 1 X X X 0 0 0 0 0 0 0 0 0 MICHAEL E ROBINSON 222740 0 0 0 0 0 70212 0 98156 0 391108 0 0 0 PART I, LINE 1A MICHAEL ROBINSON, THE HEAD OF SCHOOL, IS PROVIDED SUBSIDIZED HOUSING, A DISCRETIONARY SPENDING ACCOUNT, SUBSIDIZED CLUB DUES, AND PERSONAL SERVICES. ILLINOIS FINANCE AUTHORITY 362415685 45200BPP7 2005-06-16 23000000 DEVELOPMENT PROJECT 0 1 0 23000000 302924 22697076 2007 0 0 1 1 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 0 0 0 1 FRANCES ROBINSON FRANCES ROBINSON IS THE HEAD OF SCHOOL MICHAEL ROBINSON'S SPOUSE. 52310 FRANCES IS EMPLOYED AS A TEACHER AT LAKE FOREST COUNTRY DAY SCHOOL. 0 SALLY BULLARD SALLY BULLARD IS THE ASSISTANT HEAD OF SCHOOL ROBERT BULLARD'S SPOUSE. 121525 SALLY IS EMPLOYED AS THE HEAD OF LOWER SCHOOL AT LAKE FOREST COUNTRY DAY SCHOOL. 0 ROBERT BULLARD ROBERT BULLARD IS THE HEAD OF LOWER SCHOOL SALLY BULLARD'S SPOUSE. 115310 ROBERT IS EMPLOYED AS THE ASSISTANT HEAD OF SCHOOL AT LAKE FOREST COUNTRY DAY SCHOOL. 0 X 11 196127 FMV 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 ROBERT BULLARD AND SALLY BULLARD ARE HUSBAND AND WIFE. FORM 990, PART VI, SECTION B, LINE 11 FOR THE FISCAL YEAR ENDING JUNE 30, 2011, FORM 990 WAS BROUGHT TO THE FINANCE/AUDIT COMMITTEE FOR REVIEW PRIOR TO FILING. THE FINANCE AUDIT COMMITTEE HAS BEEN APPROVED TO REVIEW THE FORM 990 ON BEHALF OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR THE BOARD SIGNS BOTH A CONFLICT OF INTEREST POLICY BETWEEN TRUSTEE AND SCHOOL AND BETWEEN TRUSTEE AND TRUSTEE. IN CORRELATION WITH THE SCHOOL'S "HONOR CODE" PHILOSOPHY, TRUSTEES ARE EXPECTED TO ABIDE BY THIS CODE AS A WAY OF MONITORING ANY CONFLICT OF INTEREST. SHOULD ANY CONFLICT ARISE BETWEEN THE SCHOOL AND A TRUSTEE, THE CONFLICT OF INTEREST WOULD BE MADE KNOWN TO THE BOARD, WHICH WOULD THEN DETERMINE THE APPROPRIATE COURSE OF ACTION. FORM 990, PART VI, SECTION B, LINE 15 WHEN HIRING OFFICERS OR KEY EMPLOYEES, THE DAY SCHOOL REFERS TO STATISTICS PROVIDED BY THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS. FROM THIS RESOURCE THE SCHOOL USES COMPARABLE SALARIES FOR LIKE-SIZE SCHOOLS BOTH REGIONALLY AND NATIONALLY AS A REFERENCE IN DETERMINING COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 AUDITED FINANCIAL STATEMENTS ARE PROVIDED TO BANKS AND PARTIES ASSOCIATED WITH THE SCHOOL'S BOND ISSUANCE. ADDITIONALLY, VENDORS MAY REQUEST AND RECEIVE A COPY OF THE SCHOOL'S AUDITED FINANCIAL STATEMENTS AS PART OF AN EQUIPMENT LEASING TRANSACTION. THE CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 2,378,964.