Forsyth Country Day School Inc in Lewisville, North Carolina (NC)

Organization representatives - add corrected or new information about Forsyth Country Day School Inc »

Non-representatives - add comments about Forsyth Country Day School Inc»

Forsyth Country Day School Inc
Employer Identification Number (EIN)560940956
Name of OrganizationForsyth Country Day School Inc
In Care of NameAndrea Matney
AddressPO BOX 549, Lewisville, NC 27023-0549
ActivitiesPrivate school, School, college, trade school, etc.
SubsectionEducational Organization
Ruling Date12/1968
DeductibilityContributions are deductible
FoundationSchool
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2013
Assets$10,000,000 to $49,999,999
Income$10,000,000 to $49,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$36,770,847
Amount of Income$43,221,258
Form 990 Revenue Amount$18,865,842
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Elementary, Secondary Education, K - 12


Non-representatives - add comments:


CAPTCHA

Your IP address 18.232.179.191 will be logged.

Amount of income in 2013: $43,221,258
Forsyth Country Day School Inc: 

 $43,221,258
Other organizations performing similar types of work: 

 $11,570,202

Assets in 2013: $36,770,847
Forsyth Country Day School Inc: 

 $36,770,847
Other organizations performing similar types of work: 

 $20,182,458

Expenses in 2013: $19,024,170
Forsyth Country Day School Inc: 

 $19,024,170
Other organizations performing similar types of work: 

 $10,663,440

Income to expenses ratio in 2013: 2.3
This organization: 

 2.3
Other organizations performing similar types of work: 

 1.1

Expenses allocated to program services in 2007: 83.3%
Forsyth Country Day School Inc: 

 83.3%
Other organizations performing similar types of work: 

 79.8%

Number of employees in 2013: 391
Forsyth Country Day School Inc: 

 391
Other organizations performing similar types of work: 

 188

Employees paid over $100,000 in 2013: 1.5%
Forsyth Country Day School Inc: 

 1.5%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2013: 5.2%
This organization: 

 5.2%
Other organizations performing similar types of work: 

 12.8%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Checklist
20122013
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?YesYes
Is the organization required to complete Schedule B, Schedule of Contributors?YesYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?NoNo
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?NoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?NoNo
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?NoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?YesYes
Did the organization report an amount for land, buildings, and equipment?YesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?NoNo
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?NoNo
Did the organization report an amount for other liabilities?YesYes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?YesYes
Did the organization obtain separate, independent audited financial statements for the tax year?YesYes
Was the organization included in consolidated, independent audited financial statements for the tax year?NoNo
Is the organization a school described in section 170(b)(1)(A)(ii)?YesYes
Did the organization maintain an office, employees, or agents outside of the United States?NoNo
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?NoNo
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?NoNo
Did the organization report more than $15,000 total of fundraising event gross income and contributions?NoNo
Did the organization report more than $15,000 of gross income from gaming activities?NoNo
Did the organization operate one or more hospital facilities?NoNo
Did the organization attach a copy of its audited financial statements?NoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?NoNo
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?YesYes
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?YesYes
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?YesYes
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?NoNo
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?NoNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?NoNo
A family member of a current or former officer, director, trustee, or key employee?NoNo
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?NoNo
Did the organization receive more than $25,000 in non-cash contributions?YesNo
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?NoNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?NoNo
Was the organization related to any tax-exempt or taxable entity?NoNo
Did the organization have a controlled entity within the meaning of section 512(b)(13)?NoNo
Did the organization make any transfers to an exempt non-charitable related organization?NoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNo
Statements Regarding Other IRS Filings and Tax Compliance
201120122013
The number reported in Box 3 of Form 10963332
The number of Forms W-2G00
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?YesYes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return403391
Did the organization file all required federal employment tax returns?YesYes
Did the organization have unrelated business gross income of $1,000 or more during the year?NoNoNo
Has it filed a Form 990-T for this year?NoNo
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?NoNo
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNo
Did the organization file Form 8886-T?NoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?NoNo
Did the organization notify the donor of the value of the goods or services provided?NoNo
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNo
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities $0$0$0
Gross income from members or shareholders$0$0$0
Gross income from other sources$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNo
The amount of tax-exempt interest received or accrued during the year$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0
The amount of reserves on hand$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNo
Has it filed a Form 720 to report these payments?NoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
20122013
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$595,701$767,795
Total reportable compensation from related organizations$0$0
Total estimated amount of other compensation from the organization and related organizations$124,694$118,328
Total number of individuals who received more than $100,000 of reportable compensation from the organization04
Total number of independent contractors who received more than $100,000 of compensation from the organization02
Statement of Revenue
201120122013
Total revenue$22,415,077$19,580,918$18,865,842
Contributions, Gifts, Grants and Other Similar Amounts$1,540,735$1,083,420$984,722
Program Service Revenue$18,147,275$17,866,446$16,692,064
Elementary and Secondary Schools $17,380,766$16,314,882
611600$149,111$121,706
611600$117,520$85,354
Educational Support Services$102,505$84,370
611600$55,932$49,063
All other program service revenue$60,612$36,689
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$436,802$558,566$469,400
Income from investment of tax-exempt bond proceeds$0$0$0
Royalties$0$0$0
Net rental income$33,675$48,898$29,475
Gross rents (Real / Personal)$34,190 / $0$49,432 / $0$29,475 / $0
Less: rental expenses (Real / Personal)$515 / $0$534 / $0$0 / $0
Rental income or (loss) (Real / Personal)$33,675 / $0$48,898 / $0$29,475 / $0
Net gain/loss from sales of assets other than inventory$1,942,871$-193,001$534,262
Gross amount from sales of assets other than inventory (Securities / Other)$14,627,964 / $7,149$12,067,250 / $12,069$24,627,877 / $26,600
Less: cost or other basis and sales expenses (Securities / Other)$12,689,697 / $2,545$12,247,518 / $24,802$24,109,599 / $10,616
Gain or (loss) (Securities / Other)$1,938,267 / $4,604$-180,268 / $-12,733$518,278 / $15,984
Net income/loss from fundraising events$0$0$0
Net income/loss from gaming activities$0$0$0
Net income/loss from sales of inventory$70,905$82,071$55,269
Gross sales of inventory, less returns and allowances$343,410$321,615$290,470
Less: cost of goods sold$272,505$239,544$235,201
Miscellaneous Revenue$242,814$134,518$100,650
Educational Support Services$69,253$36,261
Educational Support Services$45,812$35,600
Educational Support Services$7,743$2,189
All other revenue$11,710$26,600
Statement of Functional Expenses
201120122013
Total functional expenses$21,381,163$20,119,573$19,024,170
Grants and other assistance to domestic organizations and domestic governments$0$0
Grants and other assistance to domestic individuals$2,244,170$2,095,741
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0$0
Benefits paid to or for members$0$0
Compensation of current officers, directors, trustees, and key employees$516,639$554,110$725,425
Compensation not included above, to disqualified persons$0$0
Other salaries and wages$9,384,799$8,890,540$8,302,497
Pension plan accruals and contributions$395,508$342,473
Other employee benefits$2,205,421$2,037,227
Payroll taxes$743,980$700,242$644,347
Fees for services (non-employees)
Management$0$0
Legal$8,223$17,921
Accounting$49,610$42,950
Lobbying$0$0
Professional fundraising services$15,000$0$0
Investment management fees$43,440$32,580
Other$49,392$107,667
Advertising and promotion$67,772$140,443
Office expenses$385,612$381,857
Information technology$57,359$150,947
Royalties$0$0
Occupancy$944,213$822,933
Travel$122,941$115,159
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0
Conferences, conventions, and meetings$31,098$36,126
Interest$915,016$902,624
Payments to affiliates$0$0
Depreciation, depletion, and amortization$1,355,061$1,247,812
Insurance$132,330$139,224
Other expenses$360,576$281,812
Other expenses$146,630$142,001
Other expenses$138,468$99,266
Other expenses$121,819$66,161
Other expenses$200,022$148,977
Balance Sheet
201120122013
Total assets$38,963,255$36,895,051$36,770,847
Cash - non-interest-bearing$2,751,525$2,231,978
Savings and temporary cash investments$440,174$401,603
Pledges and grants receivable, net$846,240$535,159
Accounts receivable, net$325,953$292,087
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0
Notes and loans receivable, net$0$0
Inventories for sale or use$110,560$109,227
Prepaid expenses and deferred charges$82,836$71,306
Land, buildings, and equipment: cost or other basis$20,466,531$20,287,244
Investments - publicly traded securities$11,871,232$12,842,243
Investments - other securities$0$0
Investments - program-related$0$0
Intangible assets$0$0
Other assets$0$0
Total liabilities$26,685,322$26,463,080$25,650,880
Accounts payable and accrued expenses$1,220,964$1,274,568
Grants payable$0$0
Deferred revenue$2,933,280$2,976,950
Tax-exempt bond liabilities$20,982,890$20,372,402$19,731,913
Escrow or custodial account liability$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0
Secured mortgages and notes payable to unrelated third parties$57,095$42,821$410,585
Unsecured notes and loans payable to unrelated third parties$0$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$1,893,613$1,256,864
Total net assets or fund balances$12,277,933$10,431,971$11,119,967
Unrestricted net assets$6,112,286$7,270,695
Temporarily restricted net assets$2,009,032$1,535,119
Permanently restricted net assets$2,310,653$2,314,153
Capital stock or trust principal, or current funds$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:A school described in section 170(b)(1)(A)(ii)
Number of organizations supported0
Sum of amounts of support$0
Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$11,678,162$13,808,946$14,783,436$15,666,278$17,450,675$18,872,884$23,209,735$23,681,668
Contributions, gifts, grants, and similar amounts received$3,205,730$3,658,789$2,804,324$1,681,597$2,337,838$2,118,176$2,926,946$2,630,439
Contributions to donor advised funds$0$0
Direct public support$3,205,730$3,658,789$2,804,324$1,681,597$2,337,838$2,118,176$2,926,946$2,630,439
Indirect public support$0$0$0$0$0$0$0$0
Government contributions (grants)$0$0$0$0$0$0$0$0
Program service revenue including government fees and contracts$7,893,870$10,055,441$11,645,848$13,385,390$14,003,884$15,179,785$16,913,287$18,294,615
Membership dues and assessments$0$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$586,896$0$0$0$0$0$154,174$70,676
Dividends and interest from securities$0$188,331$105,060$211,075$365,858$641,481$788,501$821,867
Net rental income or (loss)$4,325$21,697$48,798$29,299$49,967$18,466$41,846$39,834
Gross rents$20,688$26,287$61,385$39,579$57,227$23,153$47,162$42,357
Less: rental expenses$16,363$4,590$12,587$10,280$7,260$4,687$5,316$2,523
Other investment income$0$0$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$-82,775$-249,892$-46,467$34,835$335,025$536,270$1,985,235$1,547,759
Gross amount from sales of assets other than inventory$53,069$239,533$917,669$2,713,871$4,732,397$7,874,332$11,737,458$12,657,721
Less: cost or other basis and sales expenses$135,844$489,425$964,136$2,679,036$4,397,372$7,338,062$9,752,223$11,109,962
Net income or (loss) from special events and activities$0$0$0$0$0$-1,852$-5,533$0
Gross revenue$0$0$0$0$0$7,860$6,660$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$9,712$12,193$0
Gross profit or (loss) from sales of inventory$32,100$77,964$94,477$104,728$117,906$131,029$128,592$125,277
Gross sales of inventory, less returns and allowances$159,272$422,316$412,657$406,623$445,052$473,637$482,858$505,745
Less: cost of goods sold$127,172$344,352$318,180$301,895$327,146$342,608$354,266$380,468
Other revenue$38,016$56,616$131,396$219,354$240,197$249,529$276,687$151,201
Total expenses$10,578,219$12,874,636$14,181,566$16,576,243$17,253,192$18,324,590$20,719,571$21,741,101
Program services$5,828,891$9,506,894$11,354,962$13,660,381$14,357,247$15,011,607$17,093,991$18,102,189
Management and general$4,171,732$3,012,656$2,244,106$2,455,666$2,302,741$2,789,466$3,066,992$3,037,761
Fundraising$577,596$355,086$582,498$460,196$593,204$523,517$558,588$601,151
Payments to affiliates$0$0$0$0$0$0$0$0
Net assets or fund balances at end of year$11,392,949$11,607,897$11,666,600$11,958,608$13,122,281$14,823,635$17,644,390$17,547,031
Excess or (deficit) for the year$1,099,943$934,310$601,870$-909,965$197,483$548,294$2,490,164$1,940,567
Net assets or fund balances at beginning of year$10,833,592$11,392,949$11,607,897$11,666,600$11,958,608$13,122,281$14,823,635$17,644,390
Other changes in net assets or fund balances$-540,586$-719,362$-543,167$1,201,973$966,190$1,153,060$330,591$-2,037,926
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$21,741,101$18,102,189$3,037,761$601,151
Grants paid from donor advised funds$0
Other grants and allocations$1,297,187
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$683,855$276,618$343,955$63,282
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$10,216,825$8,571,722$1,377,830$267,273
Pension plan contributions not included above$419,901$352,096$56,595$11,210
Employee benefits not included above$2,118,823$1,748,743$321,007$49,073
Payroll taxes$780,210$629,353$132,019$18,838
Professional fundraising fees$0$0$0$0
Accounting fees$29,061$0$29,061$0
Legal fees$6,462$297$6,165$0
Supplies$195,521$100,556$92,652$2,313
Telephone$42,975$2,715$38,371$1,889
Postage and shipping$0$0$0$0
Occupancy$399,661$375,681$19,983$3,997
Equipment rental and maintenance$468,500$342,371$123,603$2,526
Printing and publications$49,037$32,448$9,080$7,509
Travel$155,145$107,848$39,230$8,067
Conferences, conventions, and meetings$0$0$0$0
Interest$898,846$844,955$44,909$8,982
Depreciation, depletion, etc.$1,825,170$1,715,659$91,259$18,252
Other expenses not covered above$2,153,922$1,703,940$312,042$137,940
Balance Sheets
20002001200220032004200520062007
Total assets$32,851,136$33,675,743$34,517,625$34,698,513$36,378,233$42,909,094$47,453,384$47,232,696
Cash - non-interest-bearing$3,277$260,887$981,820$847,274$842,896$2,543,964$3,773,367$4,687,614
Savings and temporary cash investments$7,520,685$2,695,345$4,956,447$2,984,179$3,225,095$2,971,297$1,366,642$335,629
Accounts receivable less allowance for doubtful accounts$207,032$297,626$90,069$122,728$198,097$269,617$226,012$309,005
Pledges receivable less allowance for doubtful accounts$4,017,191$4,411,690$3,724,497$2,505,829$1,860,652$1,789,412$2,251,589$2,550,079
Grants receivable$0$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$2,000$0$31,500$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$63,500$58,767$52,533$48,400$34,100$18,133$6,228$2,000
Inventories for sale or use$48,439$182,396$152,593$121,196$129,292$148,826$131,955$142,239
Prepaid expenses and deferred charges$14,372$115,101$73,233$122,226$78,978$98,933$135,474$88,467
Investments - publicly-traded securities$15,280,979$15,165,550
Investments - other securities$2,416,451$3,233,508$3,518,687$7,767,550$10,019,743$12,911,427$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0$0
Investments - other$0$81,593$51,335$63,930$66,988$19,450$13,124$12,501
Land, buildings, and equipment less accumulated depreciation$18,462,885$22,192,434$20,884,911$20,115,201$19,922,392$22,138,035$24,268,014$23,939,612
Other assets, including program-related investments$95,304$146,396$0$0$0$0$0$0
Total liabilities$21,458,187$22,067,846$22,851,025$22,739,905$23,255,952$28,085,459$29,808,994$29,685,665
Accounts payable and accrued expenses$928,567$934,537$971,620$1,053,237$1,657,817$1,645,086$1,738,643$1,552,929
Grants payable$0$0$0$0$0$0$0$0
Deferred revenue$0$0$0$0$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$19,100,000$18,851,911$18,824,080$18,750,616$18,586,506$23,455,332$23,069,845$22,664,357
Mortgages and other notes payable$107,075$677,047$1,115,599$847,033$741,689$375,220$1,954,139$2,276,978
Other liabilities$1,322,545$1,604,351$1,939,726$2,089,019$2,269,940$2,609,821$3,046,367$3,191,401
Total liabilities and net assets/fund balances$32,851,136$33,675,743$34,517,625$34,698,513$36,378,233$42,909,094$47,453,384$47,232,696
Total net assets or fund balances$11,392,949$11,607,897$11,666,600$11,958,608$13,122,281$14,823,635$17,644,390$17,547,031
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$11,678,162$13,808,946$14,783,436$15,666,278$17,450,675$18,872,884$23,209,735$23,681,668
Total revenue, gains, and other support per audited financial statements$11,918,271$13,669,152$14,420,122$16,406,301$17,949,436$19,472,440$22,742,798$20,687,925
Other expenses$127,172$0$0$1,211,323$966,190$1,153,060$330,591$-2,037,926
Net unrealized gains on investments$0$0$0$732,276$905,508$878,257$342,446$-1,955,907
Donated services and use of facilities$0$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$127,172$0$0$479,047$60,682$274,803$-11,855$-82,019
Other revenue$-112,937$139,794$363,314$471,300$467,429$553,504$797,528$955,817
Investment expenses$0$0$0$0$0$0$0$0
Other$-112,937$139,794$363,314$471,300$467,429$553,504$797,528$955,817
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$10,578,219$12,874,636$14,181,566$16,576,243$17,253,192$18,324,590$20,719,571$21,741,101
Total expenses and losses per audited financial statements$11,358,914$12,359,929$14,361,418$16,114,293$16,785,763$17,771,086$19,922,043$20,785,284
Other revenue$780,695$372,311$906,500$342,703$342,934$397,749$339,489$341,370
Donated services and use of facilities$0$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0$0
Other$780,695$372,311$906,500$342,703$342,934$397,749$339,489$341,370
Other expenses$0$887,018$726,648$804,653$810,363$951,253$1,137,017$1,297,187
Investment expenses$0$0$0$0$0$0$0$0
Other$0$887,018$726,648$804,653$810,363$951,253$1,137,017$1,297,187
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
60$348,321$62,208$11,351
50$131,455$22,654$0
60$95,234$12,632$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings17
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?Yes
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?Yes
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?Yes
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 2006324
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$1,295$2,755,319$18,294,615
Program service revenue
Program service revenue 1000000$000$0$17,581,024
Program service revenue 2000000$000$0$283,278
Program service revenue 3000000$000$0$146,784
Program service revenue 4000000$000$0$102,856
Program service revenue 5000000$000$0$180,673
$0$0$17,581,024
$0$0$102,856
$0$0$146,784
$0$0$283,278
$0$0$40,166
$0$0$43,680
$0$0$94,012
$0$0$2,815
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$70,676$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$821,867$0
Net rental income or (loss) from real estate
debt-financed property000000$0Income exempt from debt-financed (section 514) provisions because at least 85% of the use of the property is for the organization's exempt purposes (Note: This code is only for income from the 15% or less non-exempt purpose use.) (section 514(b)(1)(A))$38,539$0
not debt-financed propertyLessors of nonresidential buildings (except miniwarehouses)$1,29500$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$1,547,759$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$0Section 501(c)(3) organization - Income from an activity carried on primarily for the convenience of the organization's members, students, patients, visitors, officers, or employees (hospital parking lot or museum cafeteria, for example) (section 513(a)(2))$125,277$0
Other revenue000000$0Income from an activity that is not regularly carried on (section 512(a)(1))$151,201$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
32004907184%$-516$0
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$112,863$46,140$0
$132,417$14,615$443
$120,384$12,102$0
$115,731$11,870$0
$110,351$13,515$0
Total number of other employees paid over $50,00053
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isSchool
Support Schedule
19992000200120022003200420052006
Total$0$0$0$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0$0$0$0
Membership fees received$0$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0$0
Other income$0$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Unrelated Trade or Business Income (for 2008)
IncomeExpensesNet
Total$1,295$1,260$0
Gross receipts or sales less returns and allowances$0$0$0
Cost of goods sold$0$0$0
Gross profit$0$0$0
Capital gain net income$0$0$0
Net gain$0$0$0
Capital loss deduction for trusts$0$0$0
Income (loss) from partnerships and S corporations$0$0$0
Rent income$0$0$0
Unrelated debt-financed income$0$0$0
Interest, annuities, royalties, and rents from controlled organizations$1,295$1,260$35
Investment income of a section 501(c)(7), (9), or (17) organization$0$0$0
Exploited exempt activity income$0$0$0
Advertising income$0$0$0
Other income$0$0$0
Deductions Not Taken Elsewhere (for 2008)
Total deductions$0
Compensation of officers, directors, and trustees$0
Salaries and wages$0
Repairs and maintenance$0
Bad debts$0
Interest$0
Taxes and licenses$0
Charitable contributions$0
Depreciation$0
Depletion$0
Contributions to deferred compensation plans$0
Employee benefit programs$0
Excess exempt expenses$0
Excess readership costs$0
Other deductions$0
Unrelated business taxable income$0
Unrelated business taxable income before net operating loss deduction$0
Net operating loss deduction$0
Unrelated business taxable income before specific deduction$0
Specific deduction$1,000
Write your review!

Your Ratings

You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated

Program:
Fundraising:
Expenses:
Transparency:

Your Review


Would you recommend Forsyth Country Day School Inc to others? (optional)
  
Add photo of Forsyth Country Day School Inc (optional)

About You

Your nickname:

Optional Verification

(additional info to increase the weight and the placement of your review and ratings)

Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
Leave your signature»
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Charlotte Country Day School1440 Carmel Rd, Charlotte, NC 28226-5012NC1944-04$71,703,358
2Forsyth Country Day School IncPO BOX 549, Lewisville, NC 27023-0549NC1968-12$43,221,258
3Providence Day School5800 Sardis Rd, Charlotte, NC 28270-5366NC1971-06$43,179,127
4Ravenscroft School Inc7409 Falls Of Neuse Rd, Raleigh, NC 27615-5316NC1971-11$34,736,982
5Charlotte Latin Schools Inc9502 Providence Rd, Charlotte, NC 28277-8695NC1972-09$33,857,426
6Durham Academy Inc3601 Ridge Rd, Durham, NC 27705-5541NC1961-01$26,151,462
7Cape Fear Academy Inc3900 S College Rd, Wilmington, NC 28412-2009NC1966-08$10,094,158
8Gaston Day School Inc2001 Gaston Day School Rd, Gastonia, NC 28056-7514NC1967-02$8,183,060
9Hill Center Inc3200 Pickett Rd, Durham, NC 27705-6010NC1998-08$6,900,230
10Fayetteville Academy3200 Cliffdale Rd, Fayetteville, NC 28303-4937NC1970-10$4,794,863
11Imagine Schools Non-Profit Inc1005 N Glebe Rd Ste 610, Arlington, VA 22201-5758VA2012-06$87,332,731
12Texas Migrant Council Inc, Tmc5215 Mcpherson Rd, Laredo, TX 78041-7324TX1988-06$76,392,244
13Walnut Hill School For The Arts12 Highland St, Natick, MA 01760-2140MA1961-01$27,169,877
14Aplus Charter Schools Inc8225 Bruton Rd, Dallas, TX 75217-1903TX1999-06$19,578,252
15Waynflete School360 Spring St, Portland, ME 04102-3643ME1943-02$17,754,153
16Academy For Urban Leadership Charter High School401 Hall Ave, Perth Amboy, NJ 08861-3204NJ2013-09$6,496,582
17Swift Learning Center Inc, Swift School300 Grimes Bridge Rd, Roswell, GA 30075-4645GA1999-12$5,393,002
18Vanguard School Of Lake Wales Florida Inc22000 Hwy 27, Lake Wales, FL 33859-6858FL1983-10$5,273,962
19Waldorf School Inc739 Mass Ave, Lexington, MA 02420-3916MA1976-04$4,665,822
20Providence Classical Academy Inc4525 Old Brownlee Rd, Bossier City, LA 71111-6501LA2007-04$3,945,137
Number of organizations performing similar types of work
Alaska1
Alabama6
Arkansas4
Arizona5
California57
Colorado8
Connecticut15
District of Columbia4
Delaware6
Florida24
Georgia32
Hawaii5
Iowa4
Idaho3
Illinois19
Indiana6
Kansas3
Kentucky7
Louisiana7
Massachusetts21
Maryland23
Maine4
Michigan7
Minnesota12
Missouri8
Mississippi5
Montana2
North Carolina13
New Hampshire3
New Jersey20
New Mexico5
Nevada3
New York48
Ohio27
Oklahoma2
Oregon7
Pennsylvania31
South Carolina5
South Dakota3
Tennessee22
Texas32
Utah2
Virginia22
Vermont2
Washington20
Wisconsin8
West Virginia2
International4
Total579

NonProfitFacts.com is not associated with, endorsed by, or sponsored by Forsyth Country Day School Inc and has no official or unofficial affiliation with Forsyth Country Day School Inc