2022-05-12T12:38:58-05:00 2021-06-30 873707167 CBIZ MARKS PANETH LLC 4 MANHATTANVILLE ROAD PURCHASE NY 10577 990 2020-07-01 060646657 GREENWICH COUNTRY DAY SCHOOL INC GREE 2038635600 PO BOX 623 GREENWICH CT 06836 WILLIAM AUERSWALD CHIEF FINANCIAL OFFICER 2038635600 2022-05-04 1 WILLIAM AUERSWALD 999009999 SCOTT M BRENNER P01247233 9145249000 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z WILLIAM AUERSWALD PO BOX 623 GREENWICH CT 06836 106864364 0 X WWW.GCDS.NET X 1926 CT THE SCHOOL SEEKS TO PROVIDE QUALIFIED STUDENTS WITH OPPORTUNITIES FOR ACADEMIC DEVELOPMENT, INTELLECTUAL GROWTH, ARTISTIC AND PHYSICAL FULFILLMENT AND MORAL AWARENESS. 25 25 414 125 0 0 23466070 32680389 51868175 58693282 2579417 3509493 579753 665543 78493415 95548707 25566494 7573196 0 0 43881533 43309617 0 0 2622653 15757711 17469443 85205738 68352256 -6712323 27196451 294418682 332908976 137571188 125931299 156847494 206977677 THE MISSION OF THE GREENWICH COUNTRY DAY SCHOOL IS TO ENABLE ALL CHILDREN IN OUR CARE TO DISCOVER AND TO DEVELOP WHAT IS FINEST IN THEMSELVES TO ACHIEVE THE HIGHEST STANDARDS IN THEIR STUDIES, IN THEIR PLAY, AND IN THEIR CHARACTER. 0 0 52606152 7573196 58693282 STUDENTS FROM NURSERY THROUGH TWELFTH GRADE, AND SUMMER PROGRAMS. TOTAL OF 1,380 STUDENTS WERE ENROLLED FOR THE SCHOOL YEAR 2020-2021. 52606152 1 1 0 0 0 0 1 0 0 1 1 1 0 1 1 1 1 0 1 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 1 106 0 1 414 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 25 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X WILLIAM AUERSWALD CFO 2038635600 GCDSCHOOL 401 OLD CHURCH ROAD GREENWICH CT 06830 ANTONIA THOMPSON TRUSTEE 2.00 0.50 X 0 0 0 BARBARA HARTY TRUSTEE 2.00 0.50 X 0 0 0 CALEB WATTS TREASURER 2.00 0.50 X X 0 0 0 CARRIE FREEMAN BRADDOCK TRUSTEE 2.00 0.50 X 0 0 0 CHERYL PACKARD TRUSTEE 2.00 0.50 X 0 0 0 CHIP EMERY TRUSTEE/OUTGOING 2.00 0.50 X 0 0 0 DANIEL OFFIT PRESIDENT 8.00 0.50 X X 0 0 0 DWIGHT ANDERSON TRUSTEE 2.00 0.50 X 0 0 0 EILEEN KIM TRUSTEE 2.00 0.50 X 0 0 0 EMILY HOFFMAN STERN TRUSTEE 2.00 0.50 X 0 0 0 FRANK LOVERRO TRUSTEE 2.00 0.50 X 0 0 0 HARRY SCHWEFEL TRUSTEE 2.00 0.50 X 0 0 0 JAMES MABIE TRUSTEE/OUTGOING 2.00 0.50 X 0 0 0 JEFF ROBERTSON TRUSTEE 2.00 0.50 X 0 0 0 JOHN ROACH TRUSTEE/OUTGOING 2.00 0.50 X 0 0 0 JONATHAN WEINER VICE PRESIDENT 2.00 0.50 X X 0 0 0 KATHERINE SANDHU TRUSTEE 2.00 0.50 X 0 0 0 KELLY BUCHALTER TRUSTEE/OUTGOING 2.00 0.50 X X 0 0 0 KRISTIN CUSTAR TRUSTEE 2.00 0.50 X 0 0 0 LESLIE FOLEY TRUSTEE/OUTGOING 2.00 0.50 X 0 0 0 MAGDALENA MIGUENS TRUSTEE 2.00 0.50 X 0 0 0 MERRILOU HILLENBRAND TRUSTEE/OUTGOING 2.00 0.50 X 0 0 0 PETER SCHWEINFURTH TRUSTEE 2.00 0.50 X 0 0 0 ROB HARTEVELDT TRUSTEE 2.00 0.50 X 0 0 0 SHAHRYAR OVEISSI SECRETARY 2.00 0.50 X X 0 0 0 SONAL KHICHADIA TRUSTEE 2.00 0.50 X 0 0 0 TAYLOR GLASEBROOK TRUSTEE 2.00 0.50 X 0 0 0 VERNON SCHWARTZ TRUSTEE 2.00 0.50 X 0 0 0 VICKI UNDERWOOD CRAVER TRUSTEE 2.00 0.50 X 0 0 0 WEAR CULVAHOUSE TRUSTEE 2.00 0.50 X 0 0 0 WILL MANUEL TRUSTEE 2.00 0.50 X 0 0 0 ADAM ROHDIE HEAD OF SCHOOL 60.00 0.50 X 679222 0 276792 WILLIAM AUERSWALD CHIEF FINANCIAL & OPERATING OFFICER 50.00 0.50 X 352031 0 95682 ALNARDO RAMIREZ DIRECTOR OF COLLEGE COUNSELING 40.00 X 239352 0 64944 ANABEL M PEREZ DIRECTOR OF ALUMNI RELATIONS AND DEVELOPMENT 50.00 X 224044 0 71970 CHRISTOPHER S WINTERS HEAD OF THE UPPER SCHOOL 40.00 X 278883 0 64954 JACQUELINE JENKINS ASSISTANT HEAD OF SCHOOL, HEAD OF UPPER ELEMENTARY 40.00 X 220592 0 67998 CHERYL D PLUMMER DIRECTOR OF ADMISSION AND FINANCIAL AID 40.00 X 176552 0 30592 2170676 0 672932 88 0 1 0 CENTERBROOK ARCHITECTS AND PLANNERS LLP PO BOX 955 CENTERBROOK CT 06409 ARCHITECTURAL SERVICES 2084589 CAMBRIDGE ASSOCIATES PO BOX 412015 BOSTON MA 02241 INVESTMENT ADVISORS 281250 MORANO GARDEN AND DESIGN 543 HALSTEAD AVENUE MAMARONECK NY 10543 LANDSCAPING SERVICE 200864 MARKS PANETH LLP 685 THIRD AVENUE NEW YORK NY 10017 ACCOUNTING SERVICES 153450 FOGARTY COHEN RUSSO & NEMIROFF LLC 1700 E PUTNAM AVE OLD GREENWICH CT 06870 LEGAL SERVICES 150509 7 32680389 2028669 32680389 TUITION & RELATED FEES 611600 58693282 58693282 58693282 1186812 1186812 665543 0 665543 665543 665543 13635538 2800 11315657 0 2319881 2800 2322681 2322681 95548707 58693282 0 4175036 7573196 7573196 1295680 974921 284661 36098 27499874 20711196 5984478 804200 2464497 1840841 623656 9977852 8285291 1361022 331539 2071714 1583418 488296 50077 50077 104300 104300 404119 404119 388076 1860 350363 35853 3683 1183 2500 747269 144817 602452 1697706 1584310 68037 45359 1009106 90570 918536 5491604 5124799 220083 146722 467616 467616 BAD DEBT EXPENSE 1113440 57519 1055921 GROUNDS 923620 861928 37015 24677 MAINTENANCE 920030 858578 36871 24581 DINING & CATERING 789782 789782 0 3359015 2180645 1063167 115203 68352256 52606152 13123451 2622653 15749888 10002997 253848 1520596 22577931 37442241 21654358 561814 234798 183556 206885 229506 204467497 54506184 152791592 149961313 31164172 35672817 36405903 48030226 13379307 49303910 294418682 332908976 5909841 6170532 45067125 18610328 39200176 59152370 55500 57600 9740440 9700440 37598106 32240029 137571188 125931299 X 93591702 118213364 63255792 88764313 156847494 206977677 294418682 332908976 27196451 22933732 0 X X 0 1 X 1 0 X 11506892 15587489 16056509 23466070 32680389 99297349 11506892 15587489 16056509 23466070 32680389 99297349 25490230 73807119 1169253 1285492 1340726 1666093 1852355 7313919 106611268 58693282 0.69230 0.71910 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 4.80 1 0 20.00 0 0 1 X 69420032 244227 20027216 407433 89284042 66846234 143995 2292138 -137665 69420032 65765830 336170 4435149 3690915 66846234 59958080 585121 5464172 241543 65765830 53378537 301705 7489009 1211171 59958080 0.43370 0.00000 0.56630 0 0 21848081 21848081 158229624 42064376 116165248 24389792 12441808 11947984 149961313 ALTERNATIVE INVESTMENTS 48030226 F 48030226 CONSTRUCTION IN PROGRESS 48674640 SECURITY DEPOSIT 89410 DEFERRED COMPENSATION 166118 INSURANCE SUBSCRIBER'S INVESTMENT 99383 BONDS CONSTRUCTIONS 274000 CHEFA CONSTRUCTION 359 49303910 ACCRUED POSTRETIREMENT HEALTH CARE COSTS 21666010 DEFERRED COMPENSATION 186119 INTEREST PAYABLE 114171 SWAP DERIVATIVE 10273729 32240029 X 118078320 22933732 22933732 95144588 404119 404119 95548707 60374941 0 60374941 404119 7573196 7977315 68352256 PART IV, LINE 2B: AN ESCROW ACCOUNT LIABILITY $57,600 AMOUNT REPORTED ON FORM 990, PART X, INCLUDES TWO MONTHS SECURITY DEPOSIT BASE ON TERM OF LEASE AGREEMENT, (1) $28,000 FOR 50 FAIRFIELD ROAD, GREENWICH, CT 06830 (2) $27,500 FOR 2 CARDINAL ROAD, AND (3) FRENCH FARM $2,100. PART V, LINE 4: THE SCHOOL'S ENDOWMENT CONSISTS OF APPROXIMATELY 50 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. THE TEMPORARILY RESTRICTED NET ASSETS WERE INTENDED TO BE USED FOR INSTRUCTIONAL PROGRAMS, PHYSICAL PLANT AND ANNUAL GIFTS FOR SUBSEQUENT SCHOOL YEARS. INCOME FROM THE PERMANENTLY RESTRICTED NET ASSETS IS EXPENDABLE FOR GENERAL AND RESTRICTED PURPOSES I.E., GENERAL OPERATIONS AND DONOR-SPECIFIED PURPOSES(PRIMARILY INSTRUCTION). PART X, LINE 2: THE SCHOOL EVALUATES ALL SIGNIFICANT TAX POSITIONS AS REQUIRED BY ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. AS OF JUNE 30, 2021, THE SCHOOL DOES NOT BELIEVE THAT IT HAS TAKEN ANY POSITIONS THAT WOULD REQUIRE THE RECORDING OF ANY ADDITIONAL TAX LIABILITY NOR DOES IT BELIEVE THAT THERE ARE ANY UNREALIZED TAX BENEFITS THAT WOULD EITHER INCREASE OR DECREASE WITHIN THE NEXT YEAR. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID / NON-FACULTY 7,573,196. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 ADVERTISEMENTS ARE PLACED IN NEIGHBORING COMMUNITIES IN THE STAMFORD ADVOCATE, NORWALK HOUR, AS WELL AS THE NEW YORK TIMES FOR THE ANNUAL OPEN HOUSE. OUR POLICY OF SEEKING DIVERSIFIED ENROLLMENT IS STATED IN THE ADVERTISEMENTS. EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 INVESTMENTS 13805633 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 13675899 EAST ASIA AND THE PACIFIC 0 0 INVESTMENTS 3870989 0 0 0 0 0 0 31352521 0 31352521 0 0 0 0 0 0 PART III ACCOUNTING METHOD: 1 NEED BASED FINANCIAL AID 297 7573196 FMV SCHOLARSHIP PART I, LINE 2: FAMILIES WHO ARE IN NEED OF FINANCIAL AID ARE REQUIRED TO SUBMIT A FINANCIAL AID APPLICATION ANNUALLY. THE APPLICATION CONSISTS OF COPIES OF THE PARENTS' PRIOR YEAR AND MOST RECENT FEDERAL TAX RETURN. IN ADDITION, TO THESE DOCUMENTS, FAMILIES ARE REQUIRED TO SUBMIT A COMPLETED PARENTS' FINANCIAL STATEMENT (PFS) TO SCHOOL AND STUDENT SERVICES (SSS). GREENWICH COUNTRY DAY SCHOOL THEN GRANTS AID TO FAMILIES BASED ON THE SSS ASSESSMENT, AS WELL AS, ON THE ADDITIONAL INFORMATION PROVIDED IN THE APPLICATION. FULL TUITIONS ARE NOT GRANTED, AND THE AMOUNT AND NUMBER OF FINANCIAL AID GRANTS ARE SUBJECT TO THE AVAILABILITY OF FUNDS. FUNDS ARE APPLIED TO AGAINST STUDENT TUITION AT THE ORGANIZATION AND, THEREFORE, NO ADDITIONAL MONITORING IS NEEDED. X 1 1 X X X 0 1 0 0 0 0 0 0 0 ADAM ROHDIE HEAD OF SCHOOL 627980 0 0 0 51242 0 32400 0 244392 0 956014 0 50000 0 WILLIAM AUERSWALD CHIEF FINANCIAL & OPERATING OFFICER 350789 0 0 0 1242 0 32400 0 63282 0 447713 0 0 0 CHRISTOPHER S WINTERS HEAD OF THE UPPER SCHOOL 276561 0 0 0 2322 0 32400 0 32554 0 343837 0 0 0 ALNARDO RAMIREZ DIRECTOR OF COLLEGE COUNSELING 238867 0 0 0 485 0 26712 0 38232 0 304296 0 0 0 ANABEL M PEREZ DIRECTOR OF ALUMNI RELATIONS AND DEV 223330 0 0 0 714 0 24984 0 46986 0 296014 0 0 0 JACQUELINE JENKINS ASSISTANT HEAD OF SCHOOL, HEAD OF UP 219788 0 0 0 804 0 20880 0 47118 0 288590 0 0 0 CHERYL D PLUMMER DIRECTOR OF ADMISSION AND FINANCIAL 175849 0 0 0 703 0 19320 0 11272 0 207144 0 0 0 PART I, LINE 1A THE GREENWICH COUNTRY DAY SCHOOL PROVIDED RESIDENCE FOR PERSONAL USE TO ITS HEAD OF SCHOOL, ADAM ROHDIE. THE RENTAL VALUE OF $165,000 WAS INCLUDED IN NONTAXABLE COMPENSATION. PART I, LINE 4B ADAM ROHDIE, THE HEAD OF SCHOOL FOR THE GREENWICH COUNTRY DAY SCHOOL PARTICIPATES IN DEFERRED COMPENSATION PLAN, 457(F). THE VALUE OF THE DEFERRED COMPENSATION PLAN AS OF 6/30/2021 WAS $186,118. THERE WAS $50,000 PAID OUT AND IT WAS INCLUDED IN W-2. THE ENTIRE $50,000 WAS REPORTED AS DEFERRED COMPENSATION ON PRIOR FORM 990, AND IT IS INCLUDED IN PART II, COLUMN F. A CHEFA BOND SERIES A 135596781 2018-12-19 27878000 CONSTRUCTING, FURNISHING, AND EQUIPPING A NEW SCHOOL BUILDING 0 0 0 B CHEFA BOND SERIES B 135596781 2018-12-19 30000000 CONSTRUCTING, FURNISHING, AND EQUIPPING A NEW SCHOOL BUILDING 0 0 0 C CHEFA BOND SERIES C 135596781 2018-12-19 22122000 CONSTRUCTING, FURNISHING, AND EQUIPPING A NEW SCHOOL BUILDING 0 0 0 A 27878000 557560 8002543 19317897 2019 1 0 0 1 B 31274370 11449606 19824764 0 0 0 1 C 22122000 22122000 0 0 0 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 A 0 0 0 0 1 1 ISRAEL DISCOUNT BANK OF NEW YORK 20.000000000000 0 0 0 0 1 B 0 0 0 0 1 1 ISRAEL DISCOUNT BANK OF NEW YORK 7.000000000000 0 0 0 0 1 C 0 0 0 0 1 1 ISRAEL DISCOUNT BANK OF NEW YORK 17.000000000000 0 0 0 0 1 A 0 B 0 C 0 SCHEDULE K, PART IV, TERM OF HEDGE THE SCHOOL HAS PURCHASED TWO INTEREST RATE SWAPS FOR SERIES A (EFFECTIVE DECEMBER 2019) AND FOR SERIES B (EFFECTIVE DECEMBER 2021, UPON EXPIRATION OF THE CAP). THE SERIES A SWAP CONVERTS THE FLOATING INTEREST RATE TO A FIXED RATE OF 3.245% FOR THE ENTIRE TWENTY-YEAR DURATION, WHILE THE SERIES B SWAP EFFECTIVELY FIXED THE RATE OF SERIES B AT 3.254% (WHERE $30 MILLION IS HEDGED FOR 7 YEARS AND THE REMAINING AMOUNT IS HEDGED FOR 17 YEARS). ROHDIE ADAM HEAD OF SCHOOL 44850 SCHOLARSHIP/FINANCIAL AID TO ATTEND SCHOOL SHAHRYAR OVEISSI CURRENT TRUSTEE 41650 SCHOLARSHIP/FINANCIAL AID TO ATTEND SCHOOL PEREZ ANABEL M HIGHLY COMPENSATED EMPLOYEE 17484 SCHOLARSHIP/FINANCIAL AID TO ATTEND SCHOOL JENKINS JACQUELINE HIGHLY COMPENSATED EMPLOYEE 18276 SCHOLARSHIP/FINANCIAL AID TO ATTEND SCHOOL AUERSWALD JR WILLIAM H OFFICER 34552 SCHOLARSHIP/FINANCIAL AID TO ATTEND SCHOOL X 48 2028669 FMV 0 1 0 PART I, LINE 30B: THE AMOUNT REPORTED IN PART I, COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN PREPARED BY THE INDEPENDENT ACCOUNTANT IS REVIEWED BY THE CFO. A COPY OF THE RETURN IS SHARED WITH THE HEAD OF SCHOOL AND ALL DIRECTORS WHO ARE ENCOURAGED TO REVIEW THE FORM. THE FILING OF THE FORM AND APPROVAL OF ITS CONTENTS IS AUTHORIZED BY BOARD VOTE PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THERE IS AN ANNUAL REVIEW TO CONFIRM THAT THERE ARE NO CONFLICTS OF INTEREST WITH ANY TRUSTEE, BOARD COMMITTEE MEMBER, OR EMPLOYEE. THE BOARD DETERMINES WHETHER A CONFLICT EXISTS BASED ON THE ANNUAL REVIEW AND IF IT APPEARS THERE ARE ANY CONFLICTS THE BOARD WOULD REVIEW SUCH CONFLICT. IF THE CONFLICT INVOLVED A BOARD MEMBER, IT WOULD REQUIRE DISCLOSURE FROM THE BOARD. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES DETERMINES THE HEAD OF SCHOOL ANNUAL COMPENSATION BASED ON DATA OF COMPARABLE COMPENSATION OF SIMILAR ORGANIZATIONS. THAT DECISION IS CONFIRMED IN WRITING BY THE BOARD PRESIDENT. COMPENSATION FOR OTHER OFFICERS OR KEY EMPLOYEES IS DETERMINED BY THE HEAD OF SCHOOL AT THE BOARD'S DELEGATION BASED ON SIMILAR COMPARABLE DATA. FORM 990, PART VI, SECTION C, LINE 19 THE AUDITED FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON WRITTEN REQUEST AT THE SCHOOL'S BUSINESS OFFICE. THE CONFLICT OF INTEREST POLICY IS ALSO AVAILABLE IN THE EMPLOYEE AND TRUSTEE HANDBOOK. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM PRIOR THE YEAR. GCDS LLC 401 OLD CHURCH ROAD GREENWICH CT 06830 060646657 REAL PROPERTY OWNERSHIP CT 210000 4033575 GREENWICH COUNTRY DAY SCHOOL INC THE STANWICH SCHOOL 257 STANWICH ROAD GREENWICH CT 06830 061506795 SCHOOL CT 501(C)(3) LINE 12A, I GREENWICH COUNTRY DAY SCHOOL INC 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0