2021-03-12T14:14:16-06:00 2020-06-30 113518842 MARKS PANETH LLP 4 MANHATTANVILLE ROAD PURCHASE NY 10577 990 2019-07-01 060646657 GREENWICH COUNTRY DAY SCHOOL INC GREE 2038635600 PO BOX 623 GREENWICH CT 06836 WILLIAM AUERSWALD CHIEF FINANCIAL OFFICER 2038635600 2021-03-10 1 SCOTT M BRENNER P01247233 9145249000 2019 2022-09-23 18:48:47Z WILLIAM AUERSWALD PO BOX 623 GREENWICH CT 06836 84516510 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 25 497 331 0 -18880 16056509 23466070 36348971 51868175 6341917 2579417 377182 579753 59124579 78493415 3194875 25566494 0 0 32663307 43881533 0 0 1503851 13322130 15757711 49180312 85205738 9944267 -6712323 282559886 294418682 109246041 137571188 173313845 156847494 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 70193573 25566494 51868175 STUDENTS FROM NURSERY THROUGH TWELFTH GRADE, AND SUMMER PROGRAMS. TOTAL OF 1195 STUDENTS WERE ENROLLED FOR THE SCHOOL YEAR 2019-2020. ADDITIONALLY, THERE WERE APPROXIMATELY 505 STUDENTS ENROLLED IN SUMMER PROGRAMS. 70193573 1 1 0 0 0 0 1 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 1 1 1 0 0 0 1 144 0 1 497 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 ALISA S BROCKELMAN TRUSTEE/DEPARTED DURING FY 2020 2.00 0.50 X 0 0 0 ALYSA M STAFFORD TRUSTEE/DEPARTED DURING FY 2020 2.00 0.50 X 0 0 0 CALEB WATTS TREASURER 2.00 0.50 X X 0 0 0 CALEB MOORE MD TRUSTEE/DEPARTED DURING FY 2020 2.00 0.50 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 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 JAMES MABIE TRUSTEE 2.00 0.50 X 0 0 0 JEFF ROBERTSON TRUSTEE 2.00 0.50 X 0 0 0 JOHN ROACH TRUSTEE 2.00 0.50 X 0 0 0 JONATHAN WEINER VICE PRESIDENT 2.00 0.50 X X 0 0 0 KATE MINCHIN TRUSTEE/DEPARTED DURING FY 2020 2.00 0.50 X 0 0 0 KATHERINE SANDHU TRUSTEE 2.00 0.50 X 0 0 0 KRISTIN CUSTAR TRUSTEE 2.00 0.50 X 0 0 0 LESLIE FOLEY TRUSTEE 2.00 0.50 X 0 0 0 MAGDALENA MIGUENS TRUSTEE 2.00 0.50 X 0 0 0 MERRILOU HILLENBRAND TRUSTEE 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 SHARON PLATTER TRUSTEE/DEPARTED DURING FY 2020 2.00 0.50 X 0 0 0 SONAL KHICHADIA 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 HEADMASTER 60.00 0.50 X 687136 0 260509 WILLIAM AUERSWALD CHIEF FINANCIAL OFFICER 50.00 0.50 X 328953 0 59361 ANABEL M PEREZ DIRECTOR OF DEVELOPMENT 50.00 X 219804 0 52059 CHRISTOPHER S WINTERS UPPER SCHOOL HEAD 40.00 X 272040 0 56075 ALNARDO RAMIREZ DIRECTOR OF COLLEGE COUNSELING 40.00 X 238458 0 61762 TRUDY J DAVIS LOWER SCHOOL HEAD 40.00 X 177939 0 28192 STEPHANIE ROGEN CHIEF LEARNING OFFICER 40.00 X 176535 0 7680 2100865 0 525638 75 0 1 0 CENTERBROOK ARCHITECTS AND PLANNERS LLP PO BOX 955 CENTERBROOK CT 06409 ARCHITECTURAL SERVICES 4897004 MORANO GARDEN AND DESIGN 543 HALSTEAD AVENUE MAMARONECK NY 10543 LANDSCAPING SERVICE 302733 THEODORE CRILE ESSELSTYN CITY BENCH LLC 73 MAPLE AVE HIGGANUM CT 06441 CUSTOM WOODWORK 214354 COMNET COMMUNICATIONS LLC 1 PARK RIDGE RD 9 BETHEL CT 06801 COMMUNICATIONS SOLUTIONS 183810 CAMBRIDGE ASSOCIATES PO BOX 412015 BOSTON MA 02241 INVESTMENT ADVISORS 164583 9 23466070 3054692 23466070 TUITION & RELATED FEES 611600 51868175 51868175 51868175 1086340 1086340 579753 0 579753 579753 579753 7516172 6015752 7343 1500420 -7343 1493077 1493077 78493415 51868175 0 3159170 19138869 19138869 6427625 6427625 1187962 890460 262920 34582 25508656 19027192 5656542 824922 2317068 1713254 603814 12942627 10390524 2404868 147235 1925220 1508551 416669 35712 35712 91250 91250 253849 253849 336059 83 330066 5910 15525 15525 623954 99747 524207 1504220 1383883 75211 45126 625449 36000 589449 5319532 4893969 265977 159586 392125 392125 MAINTENANCE 1002675 922462 50133 30080 CURRICULAR PROGRAMS 798058 794137 3921 0 SUPPLIES & MATERIALS 701243 684223 12382 4638 DINING & CATERING 661575 661575 0 0 3396485 1621019 1523694 251772 85205738 70193573 13508314 1503851 18362717 15749888 3269254 253848 16396787 22577931 18875240 21654358 149034 234798 458060 206885 201884465 49092873 117871052 152791592 32323774 31164172 36263615 36405903 38590353 13379307 282559886 294418682 7118757 5909841 41457946 45067125 39200176 55500 55500 37338440 9740440 23275398 37598106 109246041 137571188 X 102675046 93591702 70638799 63255792 173313845 156847494 282559886 294418682 -6712323 -9754028 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 4.80 0 1 0 50.00 800 0 1 X 66846234 143995 2292138 -137665 69420032 65765830 336170 4435149 3690915 66846234 59958080 585121 5464172 241543 65765830 53378537 301705 7489009 1211171 59958080 58195978 450234 -3507805 1759870 53378537 0.43130 0.00000 0.56870 0 0 21419112 21419112 157474387 37915284 119559103 22990966 11177589 11813377 152791592 ALTERNATIVE INVESTMENTS 36405903 F 36405903 ACCRUED POSTRETIREMENT HEALTH CARE COSTS 21178399 DEFERRED COMPENSATION 181164 INTEREST PAYABLE 62447 SWAP DERIVATIVE 16176096 37598106 X 62057910 -9754031 -6427625 -16181656 78239566 253849 253849 78493415 59385395 0 59385395 253849 25566494 25820343 85205738 PART IV, LINE 2B: AN ESCROW ACCOUNT LIABILITY $55,500 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 AND (2) $27,500 FOR 2 CARDINAL ROAD. 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, 2020, 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 XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID / NON-FACULTY -6,427,625. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID / NON-FACULTY 6,427,625. GRANTS PAID TO RELATED ORGANIZATIONS. THE STANWICH SCHOOL, EIN 06-1506795 19,138,869. 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. NORTH AMERICA 0 0 INVESTMENTS 2267976 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 INVESTMENTS 8918750 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 9712963 EAST ASIA AND THE PACIFIC 0 0 INVESTMENTS 3083020 0 0 0 0 0 0 23982709 0 23982709 0 0 0 0 0 0 PART III ACCOUNTING METHOD: 1 THE STANWICH SCHOOL PO BOX 623 GREENWICH CT 06836 061506795 501(C)(3) 19138869 FMV LAND IMPROVEMENTS EXPENSES AND ASSUMPTION OF DEBT TRANSFER BETWEEN RELATED ORGANIZATIONS AS THE RESULT OF THE ACQUISITION IN SEPTEMBER OF 2019. 1 NEED BASED FINANCIAL AID 264 6427625 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 HEADMASTER 635431 0 0 0 51705 0 31800 0 228709 0 947645 0 50463 0 WILLIAM AUERSWALD CHIEF FINANCIAL OFFICER 327711 0 0 0 1242 0 31800 0 27561 0 388314 0 0 0 ANABEL M PEREZ DIRECTOR OF DEVELOPMENT 219104 0 0 0 700 0 24480 0 27579 0 271863 0 0 0 CHRISTOPHER S WINTERS UPPER SCHOOL HEAD 270016 0 0 0 2024 0 25380 0 30695 0 328115 0 0 0 ALNARDO RAMIREZ DIRECTOR OF COLLEGE COUNSELING 238009 0 0 0 449 0 26088 0 35674 0 300220 0 0 0 TRUDY J DAVIS LOWER SCHOOL HEAD 177446 0 0 0 493 0 17592 0 10600 0 206131 0 0 0 STEPHANIE ROGEN CHIEF LEARNING OFFICER 175347 0 0 0 1188 0 7680 0 0 0 184215 0 0 0 PART I, LINE 1A THE GREENWICH COUNTRY DAY SCHOOL PROVIDED RESIDENCE FOR PERSONAL USE TO THE 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 6/30/2020 WAS $181,164, AND THERE WAS $5,000 CONTRIBUTION MADE DURING THE YEAR. THERE WAS $50,463 PAID OUT AND IT WAS INCLUDED IN W-2. THE ENTIRE $50,463 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 B 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 30000000 11322176 18677824 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 22475 SCHOLARSHIP/FINANCIAL AID TO ATTEND SCHOOL STERNBERG EMILY FORMER TRUSTEE 44950 SCHOLARSHIP/FINANCIAL AID TO ATTEND SCHOOL X 69 857439 FMV X 1 2197253 FMV 0 1 0 PART I, COLUMN (B): 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 HEADMASTER 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 HEADMASTER 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 192000 4092510 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 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 THE STANWICH SCHOOL C 7522145 FMV THE STANWICH SCHOOL D 11616724 FMV THE STANWICH SCHOOL S 19138869 FMV