2024-05-09T11:33:34-07:00 2023-06-30 990 2022-07-01 560940956 FORSYTH COUNTRY DAY SCHOOL INC FORS 3369453151 P O Box 549 5501 SHALLOWFORD R0AD LEWISVILLE NC 270230549 ANDREA MATNEY CHIEF FINANCIAL OFFICER 3369461620 2024-05-09 ANDREA MATNEY 999009999 1 1 11 0 AAL2 2022 2023-04-26 12:10:37Z Gardner Barrier 5501 Shallowford Road Lewisville NC 27023 27529808 0 X WWW.FCDS.ORG X 1970 NC FORSYTH COUNTRY DAY SCHOOL IS A COMMUNITY OF LEARNERS DEDICATED TO PREPARING OUR STUDENTS FOR WHAT'S AHEAD. THE VERY CORE OF OUR MISSION AT FORSYTH COUNTRY DAY SCHOOL IS TO PROVIDE EVERY STUDENT WITH AN EXCEPTIONAL EXPERIENCE, HELPING THEM PREPARE FOR WHAT'S AHEAD. OUR FORWARD -THINKING APPROACH TO LEARNING FOSTERS CURIOSITY, DEVELOPS TALENTS AND INTERESTS, AND BUILDS CONFIDENCE. 19 19 522 45 0 0 4436050 2489243 21001888 22794500 1055294 346092 320025 206481 26813257 25836316 2965694 3143231 0 0 13817916 14850675 20656 17846 677910 5332622 5472328 22136888 23484080 4676369 2352236 40072708 43899554 22433777 22820292 17638931 21079262 FORSYTH COUNTRY DAY SCHOOL IS A PRIVATE, COLLEGE PREPARATORY INDEPENDENT SCHOOL FOR PRESCHOOL THROUGH HIGH SCHOOL. STUDENTS BENEFIT FROM A CHALLENGING ACADEMIC CURRICULUM, FINE AND PERFORMING ARTS, COMPETITIVE ATHLETICS AND A WIDE SELECTION OF EXTRACURRICULAR ACTIVITIES. 0 0 19793849 3143231 22794500 PROVIDING TRADITIONAL COLLEGE PREPARATORY EDUCATION TO APPROXIMATELY 943 STUDENTS STARTING AT PRESCHOOL THROUGH GRADE TWELVE. 0 0 0 19793849 1 1 0 0 0 0 0 0 0 1 1 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 38 0 522 1 0 0 0 0 1 1 1 1 0 0 0 0 0 0 X 19 19 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X Andrea Matney Associate Head 3369453151 P O Box 549 5501 SHALLOWFORD R0AD LEWISVILLE NC 270230549 GARDNER E BARRIER HEAD OF SCHOOL 55 0 X 401713 0 60150 ANDREA M MATNEY ASSOCIATE HEAD OF SCHOOL FOR FINANCE AND OPERATIONS 55 0 X 178373 0 35618 MICHELLE L KLOSTERMAN ASSOCIATE HEAD OF SCHOOL FOR TEACHING AND LEARNING 55 0 X 156114 0 30624 NATHAN BATTLE ASSOCIATE HEAD OF SCHOOL ADVANCEMENT 55 0 X 136092 0 40768 SCOTT POHJOLA SPECIAL ASSISTANT TO THE HEAD OF SCHOOL 55 0 X 100802 0 55370 WILLIAM CLIFTON DIRECTOR OF PHILANTHROPY 55 0 X 116383 0 28306 DOUGLAS ESLEECK ATHLETIC DIRECTOR 55 0 X 115151 0 25747 ALLISON LYERLY TRUSTEE/PA PRESIDENT 5 0 X 0 0 0 ELLY BARRINEAU TRUSTEE 5 0 X 0 0 0 STEWART BEASON TRUSTEE 5 0 X 0 0 0 BRAD BREITLING TRUSTEE 5 0 X 0 0 0 FRANK CARDENAS TRUSTEE 5 0 X 0 0 0 CHERE CHASE-GREGORY TRUSTEE 5 0 X 0 0 0 McNEIL CRONIN TRUSTEE 5 0 X 0 0 0 LAURA DUGAN TRUSTEE/VICE CHAIR 5 0 X 0 0 0 GEORGE DUNN TRUSTEE 5 0 X 0 0 0 MARK DUNNAGAN TRUSTEE/CHAIR 5 0 X 0 0 0 BEN HOLCOMB TRUSTEE/TREASURER 5 0 X 0 0 0 MARISSA HOWARD-McNATT TRUSTEE/SECRETARY 5 0 X 0 0 0 STAN JEWELL TRUSTEE/PAST CHAIR 5 0 X 0 0 0 MEREDITH MASTEN TRUSTEE 5 0 X 0 0 0 ASHLI NICKS TRUSTEE 5 0 X 0 0 0 LORI PATTERSON TRUSTEE 5 0 X 0 0 0 JESSIE QUICK TRUSTEE 5 0 X 0 0 0 BRAD TILLEY TRUSTEE 5 0 X 0 0 0 BETH WHICKER TRUSTEE 5 0 X 0 0 0 1204628 0 276583 7 0 1 0 Flik Independent Schools P O Box 417632 Boston MA 022417632 Food Service 776830 Central Carolina Air Conditioning PO Box 7837 Greensboro NC 27417 HVAC Contractor 636046 CACTX Surfaces PO Box 26103 Winston Salem NC 27114 Parking Lot Resurfacing 120374 Dell Marketing LP PO Box 534118 Atlanta GA 303534118 Computer Provider 112411 Church Interiors 2875 Ridgewood Park Dr Winston Salem NC 27107 Classroom Technology 117700 5 0 0 0 0 0 2489243 82077 2489243 Tuition and Fees 611110 22096251 22096251 0 0 Summer Programs 611600 330371 330371 0 0 School Year Programs 611110 176843 176843 0 0 Community Programs 611600 74370 74370 0 0 Transportation 611710 116665 116665 0 0 0 0 0 0 22794500 519356 519356 0 0 0 0 0 0 0 0 0 0 32811 0 0 0 32811 0 32811 0 0 32811 1273079 3695 1448781 1257 -175702 2438 -173264 0 0 -173264 0 0 0 0 0 0 0 0 0 0 0 0 290738 243454 47284 47284 0 0 Multiple Payment Plan 611710 83872 83872 0 0 Finance Charges 611710 9658 9658 0 0 Insurance Proceeds 611110 2388 2388 0 0 30468 30468 0 0 126386 25836316 23487526 0 -140453 0 0 3143231 3143231 0 0 0 0 874686 376496 406331 91859 0 0 0 0 10115067 8393043 1405492 316532 392398 329363 50503 12532 2676557 2185567 415502 75488 791967 623842 145145 22980 0 0 0 0 11961 0 11961 0 51600 0 51600 0 0 0 0 0 17846 17846 56532 0 56532 0 132738 89740 42998 0 72398 0 71866 532 564784 367514 123062 74208 276679 269734 5257 1688 0 0 0 0 922773 861978 55615 5180 159471 136341 22225 905 0 0 0 0 31278 28159 3119 0 679229 663139 12180 3910 0 0 0 0 1187170 1157372 22556 7242 115726 108437 6046 1243 Student Program Activities 441911 441911 0 0 Auxilliary Services 154305 154305 0 0 Athletics 101769 101769 0 0 Loss on Uncollectible Promises to Give 162602 162602 0 0 349402 199306 104331 45765 23484080 19793849 3012321 677910 6761657 7841606 0 0 2645656 2585150 94507 186787 0 0 0 0 0 0 80184 38913 157039 279790 47463555 29827177 16310509 17636378 14023156 15158831 0 0 0 0 0 0 0 172099 40072708 43899554 1336171 2279641 0 0 6822535 6749518 14076681 13587786 0 0 0 0 73396 124213 0 0 124994 79134 22433777 22820292 X 11040675 15042257 6598256 6037005 17638931 21079262 40072708 43899554 X 2352236 912285 0 0 0 175810 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13082554 688158 1093249 0 82201 0 14781760 14554892 772216 -2173734 0 70820 0 13082554 10773546 1163274 2673222 0 55150 0 14554892 10308428 59699 450845 0 45426 0 10773546 10707945 23185 721554 0 1144256 0 10308428 0.73 0.22 0.05 0 0 2191927 0 2191927 29449286 0 15886947 13562339 0 0 0 0 10868874 0 9643041 1225833 4953468 0 4297189 656279 17636378 0 AGENCY FUNDS 79134 79134 X 24015252 912286 0 0 236510 1148796 22866456 0 2969860 2969860 25836316 20574921 0 0 0 234072 234072 20340849 0 3143231 3143231 23484080 Schedule D, Part V, Line 4 Endowment funds intended uses: Forsyth Country Day School's endowment consists of approximately 33 individual funds established for a variety of purposes, including operations, financial aid, professional development, faculty compensation, speakers, engineering, athletics, performing arts, math competition, student activities, teacher awards and unrestricted purposes. Schedule D, Part X, Line 2 The School is tax exempt from federal income taxes under section 501c3 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, 2023. Schedule D, Part XI, Line 2d Other adjustments: Bookstore cost of goods sold of $236,510. Schedule D, Part XI, Line 4b Other adjustments: Financial aid of $3,143,231, change in fair value of interest rate swap $175,821 and gain on disposal of assets $2,438. Schedule D, Part XII, Line 2d Other adjustments: Bookstore cost of goods sold $236,510 and gain on disposal of equipment of $2,438. Schedule D, Part XII, Line 4b Other adjustments: Financial aid of $3,143,231 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 Schedule E, Part I, Line 3 Forsyth Country Day School's racially nondiscriminatory policy toward students is published through the school's website, in media advertising, social media, brochures, catalogs, educational policies and school administered programs. X X X X X X 1 Capital Development Services 915 West Fourth Street Winston Salem NC 27101 Consultation on the School's capital campaign 0 0 5808 -5808 0 5808 -5808 All States 1 Financial Aid 235 2143231 0 Fair Market Value Schedule I, Part I, Line 2 Forsyth Country Day School provides financial aid to students to offset a portion of their tuition obligation, based on demonstrated financial need. Decisions are made by the financial aid committee based on parent provided applications that include details of their finances and recommendations as to the amounts each family can afford. Final decisions are reviewed and approved by the Associate Head of School for Advancement. Detailed records of eligibility, students and amounts are maintained in the school's records. X X 1 1 X X X X 0 0 0 1 0 0 0 0 0 GARDNER E BARRIER HEAD OF SCHOOL 296542 0 25000 0 80171 0 18225 0 41925 0 461863 0 0 0 ANDREA M MATNEY ASSOCIATE HEAD OF SCHOOL FOR FINANCE AND OPERATIONS 166666 0 5000 0 6707 0 10050 0 25568 0 213991 0 0 0 MICHELLE L KLOSTERMAN ASSOCIATE HEAD OF SCHOOL FOR TEACHING AND LEARNING 140758 0 5000 0 10356 0 9000 0 21624 0 186738 0 0 0 NATHAN BATTLE DIRECTOR OF ADMISSION/ASSOCIATE HEAD OF SCHOOL 120633 0 4500 0 10959 0 8100 0 32668 0 176860 0 0 0 SCOTT POHJOLA SPECIAL ASSISTANT TO THE HEAD OF SCHOOL 99376 0 1153 0 273 0 6825 0 48545 0 156172 0 0 0 Schedule J, Part I, Line 1a Country club dues and gross up payments on behalf of the Head of School, pursuant to his employment agreement, are reported in taxable wages, as well as on schedule J, PART II. Schedule J, Part I, Line 3 The Head of School's compensation is determined by the Board of Trustees that review and decide upon the compensation and benefits. Comparative data is analyzed at the time and all decisions are memorialized in a written contract at the time of hire and when changes are made. Schedule J, Part I, Line 5 The Director of Philanthropy has bonus opportunities based on meeting certain overall fundraising goals of the school. A PUBLIC FINANCE AUTHORITY 273866124 2018-05-15 16065000 PRIOR CONSTRUCTION BOND ISSUE REDEMPTION 0 0 0 A 15865835 0 16065000 0 0 0 198165 0 0 0 0 0 2005 1 0 1 1 A 0 0 1 1 0 0 0 0 0 0 1 A 0 0 1 0 1 1 Truist Bank 5 1 0 0 0 1 A 1 X 1950 Fair Market Value X 5 59741 Fair Market Value X 12 20386 Fair market value X Gift cards and baseball equipment 2 2281 Fair Market Value 0 0 1 0 Form 990, Part VI, Section A, Line 7a The School has a governing body that consists of 19 Trustees. The Committee on Trustees, made up of members of the governing Board, nominates new Trustees that are voted on by the full Board of Trustees. Form 990, Part VI, Section B, Line 11b A copy of the form 990 is distributed to each voting member of the Board of Trustees, including the Finance Committee, prior to filing the form 990. Trustees are encouraged to review and comment on the Form 990. The 990 is reviewed and signed by the Associate Head of School for Finance and Operations. Form 990, Part VI, Section B, Line 12c The Board maintains a conflict of interest policy that is reviewed, accepted and signed by each voting member of the Board of Trustees on an annual basis. If an issue must 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 or be permitted to participate or be permitted to hear the Board's or Committee's discussion on the matter and shall not vote on a contract or transaction involving the conflict or be present during the voting process. Form 990, Part VI, Section B, Line 15 The Executive Committee of the Board of Trustees reviews and decides upon the compensation for the Head of School. The Compensation Committee provides an update to the full Board of Trustees on its decisions. Comparative data, including NAIS and other comparative 990 data was analyzed at the time of the most recent hire of the Head of School and is routinely reviewed at the time of any renewals or amendments. The Head of School sets the compensation for all other top management using comparative data from the NAIS. Form 990, Part VI, Section C, Line 18 The Form 990 is available on guidestar.com Form 990, Part VI, Section C, Line 19 Forsyth Country Day School's organizational documents including the Bylaws and Articles of Incorporation are available upon request. Form 990, Part XI, Line 9 Change in fair value of interest rate swap $175,810.