2026-05-11T12:17:25-07:00 2025-06-30 990 2024-07-01 560940956 FORSYTH COUNTRY DAY SCHOOL INC FORS 3369453151 PO BOX 549 5501 SHALLOWFORD ROAD LEWISVILLE NC 270230549 ANDREA MATNEY CHIEF FINANCIAL OFFICER 3369453151 2026-05-11 1 2024 2025-03-06 01:10:19Z Nathan Battle 5501 Shallowford Road Lewisville NC 27023 28790168 0 X WWW.FCDS.ORG X 1970 NC 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 performance arts, competitive athletics and a wide selection of extracurricular activities. 21 21 530 45 0 0 2184626 1546336 24224398 25103080 405595 1029874 220973 245426 27035592 27924716 3099190 2817985 0 0 16338382 17068211 0 0 756487 5723279 6015800 25160851 25901996 1874741 2022720 46509760 47364759 21621728 19818729 24888032 27546030 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. Forsyth Country Day School is a Community of Learners Dedicated to Preparing Our Students for What's Ahead. Our community is grounded in five core values: Curiosity, compassion, integrity, respect and responsibility. 0 0 21484202 2817985 25103080 PROVIDING TRADITIONAL COLLEGE PREPARATORY EDUCATION TO APPROXIMATELY 900 STUDENTS STARTING AT PRESCHOOL THROUGH GRADE TWELVE 0 0 0 21484202 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 6 0 530 1 0 0 0 0 1 1 1 1 0 0 0 0 0 0 X 21 21 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X Forsyth Country Day School Inc 3369453151 PO BOX 549 5501 SHALLOWFORD ROAD LEWISVILLE NC 270230549 Gardner E Barrier Head of School 55 0 X 394716 0 83845 Nathan Battle Interim Head/Associate Head 55 0 X 174647 0 48819 Andrea M Matney Associate Head of School/Finance and Operations 55 0 X 179568 0 25038 Michelle L Klosterman Associate Head of School/Teaching and Learning 55 0 X 160309 0 20086 Susan Perry Associate Head of School Wellness and Belonging 55 0 X 144913 0 32916 Douglas Esleeck Athletic Director 55 0 X 127477 0 30884 William Clifton Director of Philanthropy 55 0 X 131726 0 16786 Trey Lambert Director of Facilities 55 0 X 118641 0 14702 Laura Clay Upper School Director 55 0 X 106326 0 15541 Sam Bailor Trustee 5 0 X 0 0 0 Elly Barrineau Trustee 5 0 X 0 0 0 Stewart Beason Trustee 5 0 X 0 0 0 Brad Breitling Trustee 5 X 0 0 0 Frank Cardenas Trustee 5.00 0 X 0 0 0 McNeil Cronin Trustee, Secretary 5 0 X 0 0 0 Keary Didier Trustee 5 0 X 0 0 0 Laura Dugan Trustee, Chair 10 0 X 0 0 0 George Dunn Trustee 5 0 X 0 0 0 Mark Dunnagan Trustee, Past Chair 5 0 X 0 0 0 Chere Chase Gregory Trustee 5 0 X 0 0 0 Brad Tilley Trustee, Treasurer 5 0 X 0 0 0 Ben Holcomb Trustee 5 0 X 0 0 0 Kaye Lambert Trustee 5 0 X 0 0 0 Allison Lyerly Trustee 5 0 X 0 0 0 Meredith Masten Trustee 5 0 X 0 0 0 Ashli Nicks Trustee 5 0 X 0 0 0 Lori Patterson Trustee 5 0 X 0 0 0 Ashley Perrott Trustee 5 0 X 0 0 0 Jessie Quick Trustee, Vice Chair 5 0 X 0 0 0 Beth Whicker Trustee 5 0 X 0 0 0 1538323 0 288617 11 0 1 0 FLIK COMPASS GROUP PO BOX 417632 BOSTON MA 02241 FOOD SERVICE 995354 BAKER ROOFING PO BOX 1431 CHARLOTTE NC 28201 ROOFING 589082 CCAC 1800-A FAIRFAX RD GREENSBORO NC 27407 HVAC 322625 DELL MARKETING PO BOX 534118 ATLANTA GA 30353 COMPUTERS 140283 4 0 0 0 0 0 1546336 0 1546336 Tuition and Fees 611110 24355317 24355317 0 0 Summer Programs 611600 356025 356025 0 0 School Year Programs 611110 260730 260730 0 0 Transportation 611710 111337 111337 0 0 19671 19671 0 0 25103080 1025591 1025591 0 0 0 0 0 0 0 0 0 0 43977 0 0 0 43977 0 43977 0 0 43977 781601 11959 789277 0 -7676 11959 4283 0 0 4283 0 0 0 0 0 0 0 0 0 0 0 0 95193 76175 19018 19018 0 0 Multiple Payment Plan Fee 611710 121734 121734 0 0 Finance Charges 611710 7082 7082 0 0 53615 53615 0 0 182431 27924716 26330120 0 48260 0 0 2817985 2817985 0 0 0 0 973084 416033 440744 116307 0 0 0 0 11620967 9500763 1760535 359669 480768 397263 68340 15165 3075090 2500975 487601 86514 918302 713438 178374 26490 0 0 0 0 88235 0 88235 0 59170 0 59170 0 0 0 0 0 0 0 79684 0 79684 0 155873 103101 52772 0 67128 0 67128 0 616327 426483 115078 74766 328154 319917 6235 2002 0 0 0 0 976362 924768 46394 5200 202744 134453 62911 5380 0 0 0 0 39446 32373 6743 330 581384 566792 11046 3546 0 0 0 0 1521134 1482953 28902 9279 152646 142130 8817 1699 Student Program Activities 474523 474523 0 0 Auxilliary Expenses 105601 105601 0 0 Athletics 156759 156759 0 0 Loss on Uncollectible Promises to Give 66500 66500 0 0 344130 201392 92598 50140 25901996 21484202 3661307 756487 8430456 7643373 0 0 2323297 1495827 301256 252249 0 0 0 0 0 0 43197 42785 292175 449658 49548280 29606866 19742042 19941414 15084896 17422004 0 0 0 0 0 0 292441 117449 46509760 47364759 1599161 1478554 0 0 6572444 5409312 13076917 12543164 0 0 0 0 295803 242774 0 0 77403 144925 21621728 19818729 X 18378747 21396770 6509285 6149260 24888032 27546030 46509760 47364759 X 2022720 869863 0 0 0 -234585 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17336826 240232 1611149 0 66528 0 19121679 14781760 612427 2011339 0 68700 0 17336826 13082554 688158 1093249 0 82201 0 14781760 14554892 772216 -2173734 0 70820 0 13082554 10773546 1163274 2673222 0 55150 0 14554892 0.76 0.18 0.06 0 0 2165748 0 2165748 32104840 0 17045029 15059811 0 0 0 0 10133673 0 8136507 1997166 5144019 0 4425330 718689 19941414 0 Agency Funds 69525 Swap Payable 75400 144925 X 25791484 869863 0 0 61436 931299 24860185 0 3064531 3064531 27924716 23133487 0 0 0 49476 49476 23084011 0 2817985 2817985 25901996 Schedule D, Part V, Line 4 Endowment Funds Intended Uses: Forsyth Country Day School's endowment consists of approximately 33 individual endowment funds established for a variety of purposes, including operations, financial aid, professional development, faculty compensation, speakers, engineering, athletics, performing arts, math competitions, student activities, teacher awards and unrestricted purposes. Schedule D, Part X, Line 2 The school is exempt from federal income taxes under section 501c3 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 have any material unrecognized tax benefits or obligations as of June 30, 2025. Schedule D, Part XI, Line 2d Other adjustments: Bookstore cost of goods sold of $61,436. Schedule D, Part XI, Line 4b Financial aid of $2,817,985, change in fair value of interest rate swap $234,587, gain on disposal of fixed assets $11,959. Schedule D, Part XII, Line 2d Bookstore CGS of $61,436, gain on disposal of assets $11,959 Schedule D, Part XII, Line 4b Financial aid of $2,817,985 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 Schedule E, Part I, Line 3 Forsyth Country Day School's racially nondiscriminatory policy is published through the school's website, in media advertising, social media, brochures, catalogs, educational policies, and school administered programs. The following is published on the school's website: Non-discriminatory policy: Forsyth Country Day School is committed to administering all education and employment activities without discrimination, based on one's race, color, religion, national or ethnic origin, age, ability, gender identity or sexual orientation. 1 FINANCIAL AID 280 2817985 0 FMV NEED BASED FINANCIAL AID TO STUDENTS OF THE SCHOOL Schedule I, Part I, Line 2 Forsyth Country Day School provides financial aid to students to offset a portion of their tuition obligation, based on demonstrated need. Decisions are made by the Financial Aid Committee based on parent provided applications that include details of their finances and recommendations as to the amounts each family can afford. Detailed records of eligibility, students and amounts are maintained in the school's records. X X 1 1 X X X X 0 0 0 1 0 0 0 0 0 Gardner E Barrier Head of School 311542 0 0 0 83174 0 19125 0 64720 0 478561 0 0 0 Nathan Battle Interim Head/Associate Head 138133 0 2500 0 34014 0 9150 0 39669 0 223466 0 0 0 Andrea M Matney Associate Head of School/Finance and Operations 176667 0 2500 0 401 0 10650 0 14388 0 204606 0 0 0 Michelle L Klosterman Associate Head of School/Teaching and Learning 156408 0 2500 0 1401 0 10050 0 10036 0 180395 0 0 0 Susan Perry Associate Head of School Wellness and Belonging 136416 0 1400 0 7097 0 8250 0 24666 0 177829 0 0 0 Douglas Esleeck Athletic Director 106848 0 1250 0 19379 0 7350 0 23534 0 158361 0 0 0 Schedule J, Part I, Line 1a Country Club dues and gross up payments to the Head of School, pursuant to his employment agreement, are reported as taxable wages, as well as on schedule J, Part II. Schedule J, Part I, Line 3 The Head of School's compensation is determined by the Board of Trustees that review and decide 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 or when any changes are made. Schedule J, Part I, Line 5 The Director of Philanthropy has a bonus opportunity that is based on meeting certain fundraising goals of the school. A Public Finance Authority 273866124 2018-05-15 16065000 Prior Construction Bond Issue Redemption 0 0 0 A 15865835 0 15865835 0 0 0 198165 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 Form 990, Part VI, Section A, Line 7a The school has a governing body that consists of 21 voting members, 1 non voting member. The Committee on Trustees, made up of members of the governing Board, nominate new Trustees that are voted on by the full Board of Trustees. 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 the filing of the Form 990. Trustees are encouraged to review and comment on the Form 990. The 990 is reviewed and signed by the Chief Financial and Operating Officer. Form 990, Part VI, Section B, Line 12c The Board maintains a conflict of interest policy that is reviewed, accepted and signed by each voting member of the Board of Trustees on an annual basis. If an issue must be decided by the Board that involves a potential conflict of interest for a board member of other interested person, it is the responsibility of the Board member or interested person to disclose all facts material to the conflict of interest. If it is unclear as to whether a conflict of interest exists, the Board Chair will make the final decision. A person with a conflict of interest shall not participate or be permitted to participate or be permitted to hear the Board's or Committee's discussion on the matter and shall not vote on a contract or transaction involving the conflict of interest. Form 990, Part VI, Section B, Line 15 The Executive Committee of the Board of Trustees reviews and decides upon the compensation for the Head of School. The Committee provides and update to the full Board of Trustees on its decisions. Comparison data, including NAIS and other comparative 990 data was analyzed at the time of the 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 19 Forsyth Country Day School's organizational documents including Bylaws and Articles of Incorporation are available upon request. Form 990, Part XI, Line 9 Change in Fair Value of interest rate swap $234,585 The school obtained an extension of time to file until May 15, 2026.