2011-05-09T16:01:20-05:00 2010-06-30 GRANT THORNTON LLP 1100 PEACHTREE STREET SUITE 1200 ATLANTA GA 30309 990 2009-07-01 580566206 THE WESTMINSTER SCHOOLS INC WEST 4043558673 1424 WEST PACES FERRY ROAD ATLANTA GA 303272428 Wendy 2011-05-06 Jill Williams 4043302000 2009 2016-02-24 21:20:13Z William Clarkson IV 1424 W Paces Ferry Road Atlanta GA 30327 235839787 false X WWW.WESTMINSTER.NET X 1920 GA CHRISTIAN INDEPENDENT DAY SCHOOL FOR BOYS AND GIRLS WHICH SEEKS TO DEVELOP THE WHOLE PERSON FOR COLLEGE AND FOR LIFE THROUGH EXCELLENT EDUCATION. 30 30 839 350 0 -2392 6578190 11887253 35873369 37534300 -13945991 2776274 392181 458041 28897749 52655868 3087512 3556593 0 0 33580982 34945768 0 0 2096622 15288511 15014765 51957005 53517126 -23059256 -861258 300068907 314441939 51742980 52540513 248325927 261901426 CHRISTIAN INDEPENDENT DAY SCHOOL FOR BOYS AND GIRLS WHICH SEEKS TO DEVELOP THE WHOLE PERSON FOR COLLEGE AND FOR LIFE THROUGH EXCELLENT EDUCATION. false false 41997910 3556593 35982237 ELEMENTARY & SECONDARY EDUCATION, GENERAL OTHER; THE SCHOOL ENROLLED 1848 STUDENTS IN THE YEAR ENDED JUNE 30, 2010 WITH 24.5% MINORITY ENROLLMENT. LOW CLASS SIZE ENCOURAGES ACADEMIC ACHIEVEMENTS REFLECTED BY STUDENTS' ACCOMPLISHMENTS INCLUDING 25 NATIONAL MERIT FINALISTS, 24 NATIONAL MERIT SEMIFINALISTS, 32 COMMENDED STUDENTS, 2 NATIONAL ACHIEVEMENT FINALISTS, AND 3 NATIONAL ACHIEVEMENT SEMIFINALISTS IN THE PRIOR SCHOOL YEAR. THE MOST RECENT SAT RANGE FOR THE MIDDLE 50% OF THE SENIOR CLASS WAS 1930-2210. THE SCHOOL'S FACULTY, WITH 238 ADVANCED DEGREES, REPRESENTS AN INTEGRAL COMPONENT OF EACH STUDENT'S EDUCATION. ANOTHER SIGNIFICANT COMPONENT OF THEIR EDUCATION IS THE SCHOOL'S 3 LIBRARIES WHICH HOUSE 99,000 VOLUMES. WESTMINSTER'S STUDENTS' INTERESTS EXTEND BEYOND ACADEMICS, AND INCLUDE ATHLETIC PURSUITS, ARTISTIC ACCOMPLISHMENTS, AND COMMUNITY SERVICE. IN THE 2008-2009 SCHOOL YEAR, THE SCHOOL WON 4 STATE CHAMPIONSHIPS IN ATHLETIC COMPETITIONS, WITH OVER 80% STUDENTS INVOLVED IN ATHLETIC ACTIVITIES. THE ARTS ARE HISTORICALLY VERY STRONG AT WESTMINSTER. OVER 79% OF STUDENTS IN THE JUNIOR HIGH SCHOOL AND 40% OF STUDENTS IN THE HIGH SCHOOL PARTICIPATE IN THE PERFORMING ARTS. THE BAND, ORCHESTRA, AND CHORAL PROGRAMS HAVE A NUMBER OF OFFERINGS IN EACH DIVISION OF THE SCHOOL, AND CONSISTENTLY RECEIVE SUPERIOR RATING IN COMPETITIONS. WESTMINSTER IS DEDICATED TO THE CONCEPT OF COMMUNITY SERVICE AND STUDENTS HAVE A STRONG TRADITION OF INVOLVEMENT IN THEIR SCHOOL AND THE WIDER COMMUNITY. MOST STUDENTS PARTICIPATE IN VOLUNTARY COMMUNITY SERVICE. ALL DIVISIONS OF THE SCHOOL PARTICIPATE IN SERVICE OPPORTUNITIES THROUGHOUT THE SCHOOL YEAR. THROUGH ITS ENDOWMENT, WESTMINSTER HAS BEEN ABLE TO PROVIDE EDUCATIONAL OPPORTUNITIES TO STUDENTS WHO WOULD OTHERWISE NOT BE ABLE TO PARTICIPATE IN PRIVATE EDUCATION. IN THE 2010-2011 SCHOOL YEAR, 20% OF THE STUDENTS RECEIVED NEED-BASED FINANCIAL AID WHICH MADE ATTENDANCE AT WESTMINSTER POSSIBLE. TOTAL PROGRAM SERVICE EXPENSES: $41,997,910 2369957 1552063 STUDENT SERVICE PROGRAMS: WESTMINSTER AUXILIARY ENTERPRISES PROVIDE PROGRAMS AND SERVICES WHICH AUGMENT THE SCHOOL'S EDUCATIONAL OBJECTIVES. FOOD SERVICES PROVIDES 2,300 LUNCHES EACH DAY FOR STUDENTS, FACULTY AND STAFF, PLUS A NUMBER OF ADDITIONAL MEALS AT EVENTS AT THE SCHOOL. THE BOOKSTORE PROVIDES BOOKS, SUPPLIES, AND SPIRIT ITEMS FOR ALL STUDENTS. WESTMINSTER ELEMENTARY SCHOOL'S AFTER-SCHOOL PROGRAM, ASK!, SERVICES APPROXIMATELY 174 STUDENTS. STUDENTS MAY CHOOSE TO PARTICIPATE IN MINI-COURSES IN A VARIETY OF SUBJECT AREAS INCLUDING ACADEMICS, ARTS AND ATHLETICS DURING REGULAR PROGRAM HOURS. WESTMINSTER'S SUMMER PROGRAMS OFFER A WIDE VARIETY OF OPPORTUNITIES FOR WESTMINSTER AND NON-WESTMINSTER STUDENTS AGES 4-16. WESTMINSTER'S SUMMER SCHOOL IS AVAILABLE FOR BOTH WESTMINSTER AND NON-WESTMINSTER STUDENTS IN GRADES 6-12. TWO SESSIONS ARE OFFERED FOR BOTH FORWARD AND REMEDIAL CREDIT IN A VARIETY OF ACADEMIC SUBJECTS. TOTAL PROGRAM SERVICE EXPENSES: $2,369,957 44367867 true true false false false false false false true true true false true false true false false false false false false false true true true false false false false false false false false false false true false false false false false false false false true 145 0 true 839 true true true true BD CJ false false false false false false false 30 30 false false false false false false false true true false false true true true true true true true true false GA X MICHELLE STUBBS 4046096440 1424 WEST PACES FERRY ROAD ATLANTA GA 303272428 Olga Goizueta Rawls 3.0 X 0 0 0 Dennis M Love 3.0 X 0 0 0 ROSALIND BREWER 3.0 X 0 0 0 BETSY BARGE BIRKHOLZ 3.0 X 0 0 0 LISA BORDERS 3.0 X 0 0 0 SUNNY H BURROWS 3.0 X 0 0 0 SAMUEL G CANDLER 3.0 X 0 0 0 SUZANNE LECRAW COX 3.0 X 0 0 0 WINIFRED STOREY DAVIS 3.0 X 0 0 0 HAROLD A DAWSON JR 3.0 X 0 0 0 MICHAEL J EGAN III 3.0 X 0 0 0 SCOTT D HAWKINS 3.0 X 0 0 0 BARBARA BENSON HOWELL 3.0 X 0 0 0 J TIMOTHY IRWIN 3.0 X 0 0 0 M HILL JEFFRIES JR 3.0 X 0 0 0 TERENCE F MCGUIRK 3.0 X 0 0 0 JOEL T MURPHY 3.0 X 0 0 0 WILLIAM S OGLESBY 3.0 X 0 0 0 RICHARD C PARKER 3.0 X 0 0 0 B CLAYTON ROLADER 3.0 X 0 0 0 ALANA SMITH SHEPHERD 3.0 X 0 0 0 JEFFREY P SMALL JR 3.0 X 0 0 0 GLENN D WARREN 3.0 X 0 0 0 D SCOTT WEIMER 3.0 X 0 0 0 DORSEY D FARR 3.0 X 0 0 0 WALTER E FLUKER 3.0 X 0 0 0 HENRY W GRADY III 3.0 X 0 0 0 KATHARINE KELLEY 3.0 X 0 0 0 GLEN W ROLLINS 3.0 X 0 0 0 ANDREW M TAYLOR 3.0 X 0 0 0 DAVID MACFARLANE 3.0 X 0 0 0 LISA MCGAHAN 3.0 X 0 0 0 LOUISE SAMS 3.0 X 0 0 0 WILLIAM T PLYBON 3.0 X 0 0 0 Frank H Briggs III 3.0 X 0 0 0 WILLIAM CLARKSON IV 40.0 X 344006 0 70826 MARY W DUPRIEST 40.0 X 84566 0 9007 WENDY BARNHART 40.0 X 162375 0 45252 CHARLES SHAFFER 40.0 X 215683 0 19904 JOSEPH H DIMON IV 40.0 X 145817 0 50823 JERE A WELLS 40.0 X 144592 0 23397 NANCY HUBBARD 40.0 X 135363 0 7096 TERRY C DECKER 40.0 X 131447 0 10302 JESSICA L BAGBY 40.0 X 144506 0 15089 ANGELA DORSEY 40.0 X 110050 0 5245 JOHN J ROBERTS 40.0 X 103751 0 12655 1722156 0 269596 31 true true false ALSTON AND BIRD LLP One Atlantic Ctr 1201 W Peachtre ATLANTA GA 30309 LEGAL 115859 GEORGIA POWER COMPANY 241 Ralph McGill Boulevard NE ATLANTA GA 30308 UTILITIES 582896 US FOODSERVICE INC 7950 SPENCE ROAD FAIRBURN GA 30213 FOOD PURCHASES 573837 CGCI Management LLC 3130 TANNERS MILL ROAD GAINESVILLE GA 30507 Property Maintenance 733105 E Escher Inc 1802 MACY DRIVE ROSWELL GA 30076 PPD 322299 27 11887253 500885 11887253 TUITION AND FEES 900099 35982237 35982237 SUMMER PROGRAMS 900099 1035215 1035215 EXTENDED DAY PROGRAMS 900099 516848 516848 37534300 1306722 0 0 110558 191089 -80531 -80531 -80531 183717818 9450 182257716 0 1460102 9450 1469552 1469552 0 0 898418 735114 163304 163304 0 MISCELLANEOUS 900099 367618 367618 ALUMNI EVENT 900099 7650 7650 375268 52655868 37697604 0 1764289 0 3556593 3556593 0 0 616233 0 616233 0 0 27581369 22545607 3768872 1266890 1487716 1216987 202344 68385 3263019 2538994 567326 156699 1997431 1597061 310627 89743 0 97697 97697 87660 87660 0 0 558773 558773 1212674 639058 504676 68940 1745 1745 2114192 1177899 751079 185214 546220 64916 456250 25054 0 922379 922379 746670 734306 5122 7242 0 1004996 759590 88982 156424 629822 629822 0 4444983 4444983 441467 441467 FOOD 120258 120258 MEMBERSHIP DUES 196508 111781 77241 7486 PLANT ALLOCATION 8903485 -8964801 61316 REPAIRS AND MAINTENANCE 1708422 330138 1378144 140 MISCELLANEOUS 180052 69202 107761 3089 247 247 53517126 44367867 7052637 2096622 4100 4100 39516860 33150092 15702226 17202553 1887459 2754591 113400 0 235544 346026 1349708 1066411 121133013 57614568 64055276 63518445 56539844 71648882 108549177 113454105 10775000 10075000 1340313 1221734 300068907 314441939 8018864 8169180 23927392 24621181 19460000 19460000 336724 290152 51742980 52540513 X 118273277 123134860 57806799 60239345 72245851 78527221 248325927 261901426 300068907 314441939 X false true true X false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 179900191 6888902 16800840 1612234 8261343 193716356 242774609 3780780 -56309255 1530856 8815087 179900191 0.39000 0.33000 0.28000 false false 0 845642 845642 0 81860365 28785051 53075314 0 11202818 4794741 6408077 0 25943234 22889589 3053645 0 1280954 1145187 135767 63518445 HEDGE AND MUTUAL FUNDS 104778315 F REAL ESTATE FUNDS 8675790 F 113454105 0 AGENCY ACCOUNTS 290152 290152 52655868 53517126 -861258 14929030 -492273 14436757 13575499 63736195 14929030 14929030 48807165 558773 3289930 3848703 52655868 50160696 758935 758935 49401761 558773 3556592 4115365 53517126 Reconciliation of Change in Net Assets Part XI line 8 Unrealized Loss from Interest Swap ($478,360) Increase in CSV 6,958 Change in value of split interest agreement (20,871) Total: ($492,273) Reconciliation of Revenue per Audited FS Part XII line 4b Unrealized Loss from Interest Swap $478,360 Increase in CSV (6,958) Change in value of Split Interest Agreemnt 20,871 Rental Expenses (23,821) Bookstore COGS (735,114) Financial Aid 3,556,593 Rounding (1) TOTAL: $ 3,289,930 Reconciliation of Expense per Audited FS Part XIII line 2d Bookstore COGS $735,114 Rental Expenses 23,821 TOTAL $758,935 Reconciliation of Expenses per Audited FS Part XIII line 4b Financial Aid $3,556,593 Rounding (1) TOTAL $3,556,592 FIN 48 Part X The school provides for income taxes based on FASB ASC Topic 740, "Income Taxes" which establishes the criterion that an individual tax position has to meet for some or all of the benefits of that position to be recognized in the School's financial statements. The School is required to determine that the relevant tax authority would more likely than not sustain the tax position following an audit. The School has applied this criterion to all tax positions for which the statute of limitations remains open. Tax years open to examination by tax authorities under the statute of limitations include fiscal 2007-2010. The School has determined that its tax positions satisfy the more likely than not criterion and that no provision for income taxes is required at June 30, 2010. Part V Endowment Funds Part V Endowment Funds line 4 The preeminent function of the Westminster Schools Endowment Fund is to provide financial resources to help underwrite the educational needs of current and future generations of students and to enhance the financial well-being of the Westminster Schools. true true true THE SCHOOL'S NONDISCRIMINATORY POLICY IS INCLUDED IN THE ADMISSIONS SECTION OF THE SCHOOL'S WEBSITE (WWW.WESTMINSTER.NET), PRINTED MATERIAL PROVIDED TO EVERY PROSPECTIVE STUDENT, AND IN ANY LOCAL NEWSPAPER OR NATIONAL MAGAZINE IN WHICH THE SCHOOL PLACES AN ADVERTISEMENT. true true true true false false false false false false false false false true Sub-Saharan Africa 0 0 Program Services EXCHANGE PROGRAM 10824 0 0 10824 MOUNT KENYA SCHEDULE F PART I WESTMINSTER FACULTY, STUDENTS AND BENEFACTORS PROVIDE SUPPORT AND EDUCATIONAL MATERIALS TO MOUNT KENYA, WHICH IS ONE OF THE TOP PREPARATORY SCHOOLS IN EAST AFRICA. THE WESTMINSTER-MOUNT KENYA ACADEMY EXCHANGE WAS ESTABLISHED WHICH GIVES GROUPS OF HIGH SCHOOL STUDENTS FROM BOTH SCHOOLS THE OPPORTUNITY TO VISIT EACH OTHER AND LEARN ABOUT LIFE IN ANOTHER CULTURE. EXPENSES RELATED TO THE EXCHANGE PROGRAM ARE FOR TRANSPORTATION, MEALS, ACCOMMODATIONS AND OTHER MISC EXPENSES: $10,824 true STUDENT TUITION AND FEES 293 3561572 Grants Schedule I Part III Column A THE ORGANIZATION PROVIDES FINANCIAL AID TO STUDENTS ATTENDING THE SCHOOL AND THE AMOUNTS PROVIDE FOR TUITION AND FEES. THE GRANTS ARE TREATED AS A REDUCTION OF REVENUE AND ARE APPLIED DIRECTLY TO TUITION. NO FORMAL MONITORING PROCESS IS NECESSARY BECAUSE RECIPIENTS DO NOT HAVE CONTROL OF THE FUNDS. X X X true true X X X X X X true false false false false false false false false false WILLIAM CLARKSON IV 242780 0 41474 0 59752 0 21263 0 49563 0 414832 0 0 0 WENDY BARNHART 150648 0 0 0 11727 0 8500 0 36752 0 207627 0 0 CHARLES SHAFFER 176263 0 0 0 39420 0 11000 0 8904 0 235587 0 0 JOSEPH H DIMON IV 97461 0 4161 0 44195 0 13119 0 37704 0 196640 0 0 JERE A WELLS 109966 0 8676 0 25950 0 12979 0 10418 0 167989 0 0 0 JESSICA L BAGBY 129015 0 0 0 15491 0 13068 0 2021 0 159595 0 0 ANGELA DORSEY 57555 0 0 0 52495 0 4005 0 1240 0 115295 0 0 JOHN J ROBERTS 71040 0 1740 0 30971 0 9326 0 3329 0 116406 0 0 0 Housing Allowance Schedule J, Part I, Line 1a As a condition of employment and for the conveniences of the school, selected members of the school management team (the President, Lower school principal, Middle School Principal, Director of Business and Finance, and the Assistant Headmaster for Student Life) are required to reside in campus housing. Based upon the facts and circumstances of the requirements of their respective roles and responsibilities at the school, it is management's position that the housing is non-taxable to the employee. The circumstances of the housing benefit are reviewed on an annual basis to determine if the exclusion under section 119 is applicable. Personal Services Schedule J, Part 1, Line 1a The School's housekeeping department provides housekeeping services for the President's on campus residence. Health or Social Club Dues Schedule J, Part 1, Line 1a The school allows employees use of the school health and athletic facilities. Social Club dues are paid by the school for individuals who require memberships for their position. DEVELOPMENT AUTHORITY OF FULTON COUNTY 581506878 000000000 2009-08-20 19470000 SEE SCHEDULE O false false 19470000 true false true true false false false false false 0.00000 0.00000 0.00000 true false true true SunTrust 20. false false false X 1 500885 Replacement Cost false true false Conflicts of Interest Section B Policies 12c Compliance is required annually at board/committee meetings. The Assistant Secretary of the Board collects annual statements and monitors compliance. Conflicts are disclosed to the board and voting takes place in the absence of the conflicted party. Compensation of Officers Part VI Section B Policies The organization uses a compensation committee, independent compensation consultant, form 990 of other organizations, written employee contracts, compensation survey or study, and approval by board to determine compensation of the organization's CEO and other management employees. Form 990 Review Process Section B Policies 11A The Form 990 is reviewed by board members prior to filing via email. Form 990 public inspection process Section C Disclosure 19 Form 990, governing documents, conflicts of interest policies, and financial statements are available to the public via Guidestar and by request. Tax Exempt Bonds Schedule K Part I The original indenture was issued November 13, 2003, with the original project completed 2006. The reissuance is to amend the original indenture to permit the refunded bonds to be converted to a mode that will allow for the refunded bonds to be purchased by a bank and to bear interest at the rates applicable during the bank rate period. The refunded bonds are being reissued in accordance with the provisions of the original indenture.