2023-04-18T11:44:18-07:00 2022-06-30 990 2021-07-01 560940956 FORSYTH COUNTRY DAY SCHOOL INC FORS 3369453151 P O Box 549 5501 SHALLOWFORD R0AD LEWISVILLE NC 270230549 ANDREA MATNEY CHIEF FINANCIAL OFFICER 3369461620 2023-04-18 1 11 0 AAL2 2021 2023-04-26 12:10:37Z Gardner Barrier 5501 Shallowford Road Lewisville NC 27023 30287112 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. 20 20 444 45 0 0 4349086 4436050 18909149 21001888 1419104 1055294 140696 320025 24818035 26813257 2832500 2965694 0 0 13027724 13817916 68177 20656 664995 4453614 5332622 20382015 22136888 4436020 4676369 37956982 40072708 22282230 22433777 15674752 17638931 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 18600085 2965694 21001888 PROVIDING TRADITIONAL COLLEGE PREPARATORY EDUCATION TO APPROXIMATELY 925 STUDENTS STARTING AT PRESCHOOL THROUGH GRADE TWELVE. 0 0 0 18600085 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 18 0 1 444 1 0 0 0 0 1 1 1 1 0 0 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X X ANDREA MATNEY ASSOC HEAD OF SCHOOL 3369453151 P O Box 549 5501 SHALLOWFORD R0AD LEWISVILLE NC 270230549 GARDNER E BARRIER HEAD OF SCHOOL 55 0 X 396980 0 50345 ANDREA M MATNEY ASSOCIATE HEAD OF SCHOOL FOR FINANCE AND OPERATIONS 55 0 X 178135 0 36767 MICHELLE L KLOSTERMAN ASSOCIATE HEAD OF SCHOOL FOR TEACHING AND LEARNING 55 0 X 158459 0 37628 NATHAN BATTLE DIRECTOR OF ADMISSION/ASSOCIATE HEAD OF SCHOOL 55 0 X 141222 0 41719 WILLIAM CLIFTON DIRECTOR OF PHILANTHROPY 55 0 X 112734 0 27485 DOUGLAS ESLEECK ATHLETIC DIRECTOR 55 0 X 107121 0 22925 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 MARK OWENS 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 CHAD SETLIFF TRUSTEE 5 0 X 0 0 0 BRAD TILLEY TRUSTEE 5 0 X 0 0 0 ALI TOMBERLIN TRUSTEE 5 0 X 0 0 0 BETH WHICKER TRUSTEE 5 0 X 0 0 0 1094651 0 216869 6 0 1 0 Flik Independent Schools P O Box 417632 Boston MA 022417632 Food Service 330781 Central Carolina Air Conditioning PO Box 7837 Greensboro NC 27417 HVAC Contractor 217859 Quality Seal Coating and Sports Surfaces 171 Hidden Springs Lane Penhook VA 24137 Tennis Court Resurface 281000 Dell Marketing LP PO Box 534118 Atlanta GA 303534118 Computer Provider 217859 Magnolia Construction 514 S Stratford Road Suite 140 Winston Salem NC 27103 Construction Services 200688 2 0 0 0 0 619312 3816738 35635 4436050 TUITION AND FEES 611110 20368189 20368189 0 0 SUMMER PROGRAMS 611600 287580 287580 0 0 SCHOOL YEAR PROGRAMS 611110 156042 156042 0 0 COMMUNITY PROGRAMS 611600 95955 95955 0 0 TRANSPORTATION 611710 94122 94122 0 0 0 0 0 0 21001888 583932 583932 0 0 0 0 0 0 0 0 0 0 20350 0 400 0 19950 0 19950 0 0 19950 3697508 2275 3225754 2667 471754 -392 471362 0 0 471362 0 0 0 0 0 0 0 0 0 0 0 0 295356 245034 50322 50322 0 0 INSURANCE PROCEEDS 611110 133216 133216 0 0 MULTIPLE PAYMENT PLAN FEE 611710 81601 81601 0 0 FINANCE AND OTHER CHARGES 611710 34936 34936 0 0 0 0 0 0 249753 26813257 21885895 0 491312 0 0 2965694 2965694 0 0 0 0 863623 377821 396152 89650 0 0 0 0 9162714 7603287 1248876 310551 362653 304144 45991 12518 2704107 2183663 436159 84285 724819 568640 133475 22704 0 0 0 0 22029 0 22029 0 56908 0 56908 0 0 0 0 0 20656 20656 64615 0 64615 88044 57386 30658 0 105795 0 105529 266 473663 304594 109440 59629 238241 232261 4527 1453 0 0 0 0 1042800 984092 53025 5683 87262 67881 18929 452 0 0 0 0 26986 24090 2694 202 670016 653307 12648 4061 0 0 0 0 1046579 1020310 19885 6384 96734 90350 5269 1115 STUDENT PROGRAM ACTIVITIES 369740 369740 0 0 AUXILIARY EXPENSES 182427 182427 0 0 ATHLETICS 94834 94834 0 0 LOSS ON UNCOLLECTIBLE PROMISES TO GIVE 384088 384088 0 0 281861 131476 104999 45386 22136888 18600085 2871808 664995 5001454 6761657 0 0 1213075 2645656 194104 94507 0 0 0 0 0 0 95089 80184 181812 157039 44990217 28679708 15840640 16310509 15430808 14023156 0 0 0 0 37956982 40072708 1230636 1336171 0 0 5610053 6822535 14544589 14076681 0 0 0 0 87728 73396 0 0 809224 124994 22282230 22433777 X 10856344 11040675 4818408 6598256 15674752 17638931 37956982 40072708 X 4676369 -3363338 0 0 0 651148 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 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 11014693 54099 719124 0 1079971 0 10707945 0.756 0.209 0.035 0 0 2191927 0 2191927 27628409 0 15243769 12384640 0 0 0 0 10249051 0 9215244 1033807 4920830 0 4220695 700135 16310509 0 SWAP PAYABLE 58884 AGENCY FUNDS 66110 124994 X 21378746 -3363338 0 0 242581 -3120757 24499503 0 2313754 2313754 26813257 19414567 0 0 0 243373 243373 19171194 0 2965694 2965694 22136888 Schedule D, Part V, Line 4 ENDOWMENT FUNDS INTENDED USES: FORSYTH COUNTRY DAY SCHOOL'S ENDOWMENT CONSISTS OF APPROXIMATELY 30 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES, INCLUDING OPERATION, FINANCIAL AID, PROFESSIONAL DEVELOPMENT, FACULTY COMPENSATION, SPEAKERS, PERFORMING ARTS, MATH COMPETITION, STUDENT ACTIVITIES, TEACHER AWARDS AND UNRESTRICTED PURPOSES. Schedule D, Part X, Line 2 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 AHVE ANY MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF JUNE 30, 2022. Schedule D, Part XI, Line 2d OTHER ADJUSTMENTS: BOOKSTORE COST OF GOODS SOLD OF $242,581 Schedule D, Part XI, Line 4b OTHER ADJUSTMENTS: FINANCIAL AID OF $2,965,694, CHANGE IN FAIR VALUE OF INTEREST RATE SWAP OF $651,148 AND LOSS ON DISPOSAL OF ASSETS $792 Schedule D, Part XII, Line 2d OTHER ADJUSTMENTS: BOOKSTORE COST OF GOODS SOLD OF $243,373 Schedule D, Part XII, Line 4b FINANCIAL AID OF $2,965,694 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 Forsyth Country Day School's racially nondiscriminatory policy toward students is published through a printed statement of the school's administrative policy in local newspapers, magazines, school website, social media, catalogs, brochures, educational policies and school administered programs/ Schedule E, Part I, Line 6 Schedule E, Part I, Line 6: The school received EANS funds as shown in Part VIII, Line 1e. X X X X X X X 1 Capital Development Services 915 West Fourth Street Winston Salem NC 27101 Consultation on School's 50th Anniversary Capital Campaign 0 1852554 20656 1831898 1852554 20656 1831898 NC 1 FINANCIAL AID 231 2965694 0 FAIR MARKET VALUE FORSYTH COUNTRY DAY SCHOOL'S FINANCIAL AID TO 231 STUDENTS AWARDED ASSISTANCE IS DIRECTLY APPLIED TO EACH STUDENT'S ACCOUNT TO OFFSET TUITION Schedule I, Part I, Line 2 FORSYTH COUNTRY DAY SCHOOL'S FINANCIAL AID TO 231 STUDENTS AWARDED ASSISTANCE IS DIRECTLY APPLIED AS A REDUCTION TO EACH STUDENT'S BILLING ACCOUNT TO OFFSET TUITION X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 GARDNER E BARRIER HEAD OF SCHOOL 293000 0 25000 0 78979 0 17400 0 32946 0 447325 0 0 0 ANDREA M MATNEY ASSOCIATE HEAD OF SCHOOL FOR FINANCE AND OPERATIONS 161549 0 10000 0 6586 0 9740 0 27027 0 214902 0 0 0 MICHELLE L KLOSTERMAN ASSOCIATE HEAD OF SCHOOL FOR TEACHING AND LEARNING 128379 0 5000 0 25080 0 8256 0 29372 0 196087 0 0 0 NATHAN BATTLE DIRECTOR OF ADMISSION 108865 0 22500 0 9857 0 7350 0 34369 0 182941 0 0 Schedule J, Part I, Line 1a Schedule J, Part I, Line 1a - COUNTRY CLUB DUES PAID ON BEHALF OF THE HEAD OF SCHOOL, PURSUANT TO HIS EMPLOYMENT AGREEMENT, ARE INCLUDED IN TAXABLE WAGES, AS WELL AS ON SCHEDULE J, PART II. GROSS UP PAYMENTS ON BEHALF OF THE HEAD OF SCHOOL, PURSUANT TO HIS EMPLOYMENT AGREEMENT ARE INCLUDED IN TAXABLE WAGES AS WELL AS ON SCHEDULE J, PART II. Schedule J, Part I, Line 3 Scheduel J, Part I, Line 3 - THE HEAD OF SCHOOL'S COMPENSATION IS DETERMINED BY THE BOARD OF TRUSTEES THAT REVIEWS AND DECIDED 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. A PUBLIC FINANCE AUTHORITY 273866124 2018-05-15 16065000 PRIOR CONSTRUCTION BOND ISSUE REDEMPTION 0 0 0 A 15865835 0 16065000 0 0 0 199165 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 2 15446 Fair Market Value X 7 9860 Donor Assigned 0 0 1 0 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 OFFICER AND VOTING BOARD MEMBER 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 HEAR THE BOARD'S OR COMMITTEE'S DISCUSSION OF THE MATTER AND SHALL NOT VOTE ON A CONTRACT OR TRANSACTION INVOLVING THE CONFLICT OF BE PRESENT DURING THE VOTING PROCESS. Form 990, Part VI, Section B, Line 15 THE COMPENSATION 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 IT IS AVAILABLE ON GUIDESTAR.COM Form 990, Part VI, Section C, Line 19 FORSYTH COUNTRY DAY SCHOOL'S ORGANIZATIONAL DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. Form 990, Part XI, Line 9 OTHER CHANGES IN NET ASSETS: CHANGE IN FAIR VALUE OF INTEREST RATE SWAP $651,148