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Nonprofiteer
← FORSYTH SCHOOL INC

Form 990 for tax year 2023

Filed by FORSYTH SCHOOL INC.

Totals

Total revenue
$10,701,027
Total expenses
$10,656,448
Contributions and grants received
$539,518
Grants paid
$1,046,819
Program service revenue
$9,703,129
Investment income
$467,353
Other revenue
-$8,973
Total assets, end of year
$26,358,519
Total liabilities, end of year
$11,881,132
Net assets or fund balances, end of year
$14,477,387
Program services expenses (Part IX)
$8,752,351
Management and general expenses
$1,319,422
Fundraising expenses
$584,675
Program service expenses (Part III)
$8,752,351

Program services were 82.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $85,641

  • 1e · Government grants (contributions)

    $50,000

  • 1f · All other contributions, gifts and grants

    $403,877

  • 2a · Program service revenue: TUITION AND FEES

    total $8,807,596 · related or exempt $8,807,596

  • 2b · Program service revenue: AUXILIARY SERVICES

    total $895,533 · related or exempt $895,533

  • 3 · Investment income

    total $306,293 · excluded $306,293

  • 7a · Gross sales of assets other than inventory

    securities $6,612,697

  • 7b · Less cost or other basis and sales expenses

    securities $6,451,637

  • 7c · Gain or loss

    securities $161,060

  • 7d · Net gain or loss

    total $161,060 · excluded $161,060

  • 8a · Fundraising events: gross income

    $5,104

  • 8a · Fundraising events: contributions included on line 1c

    $85,641

  • 8b · Fundraising events: direct expenses

    $22,657

  • 8c · Net income from fundraising events

    total -$17,553 · excluded -$17,553

  • 9a · Gaming: gross income

    $8,580

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $8,580 · excluded $8,580

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $1,046,819 · program services $1,046,819

  • 5 · Compensation of officers, directors and key employees

    total $488,644 · program services $118,973 · management and general $267,695 · fundraising $101,976

  • 7 · Other salaries and wages

    total $5,151,923 · program services $4,339,070 · management and general $557,771 · fundraising $255,082

  • 8 · Pension plan contributions

    total $243,785 · program services $206,562 · management and general $25,495 · fundraising $11,728

  • 9 · Other employee benefits

    total $858,021 · program services $716,075 · management and general $102,223 · fundraising $39,723

  • 10 · Payroll taxes

    total $395,468 · program services $315,415 · management and general $56,037 · fundraising $24,016

  • 11b · Fees: legal

    total $23,999 · management and general $23,999

  • 11c · Fees: accounting

    total $27,643 · program services $9,662 · management and general $17,981

  • 11f · Fees: investment management

    total $56,420 · management and general $56,420

  • 11g · Fees: other

    total $248,212 · program services $230,221 · fundraising $17,991

  • 12 · Advertising and promotion

    total $52,314 · program services $41,851 · management and general $7,324 · fundraising $3,139

  • 13 · Office expenses

    total $469,836 · program services $416,523 · management and general $6,950 · fundraising $46,363

  • 14 · Information technology

    total $145,641 · program services $116,513 · management and general $20,390 · fundraising $8,738

  • 16 · Occupancy

    total $398,261 · program services $318,609 · management and general $55,756 · fundraising $23,896

  • 20 · Interest

    total $103,486 · program services $82,789 · management and general $14,488 · fundraising $6,209

  • 22 · Depreciation, depletion and amortization

    total $527,057 · program services $421,646 · management and general $73,788 · fundraising $31,623

  • 23 · Insurance

    total $87,892 · program services $70,314 · management and general $12,304 · fundraising $5,274

  • 24a · Other expenses: AUXILIARY EXPENSE

    total $182,424 · program services $182,424

  • 24b · Other expenses: MISCELLANEOUS EXPENSE

    total $148,603 · program services $118,885 · management and general $20,801 · fundraising $8,917

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $100 · end of year $100

  • 2 · Savings and temporary cash investments

    beginning of year $1,880,522 · end of year $1,603,130

  • 3 · Pledges and grants receivable

    beginning of year $24,000 · end of year $600

  • 4 · Accounts receivable

    beginning of year $5,715,246 · end of year $5,881,754

  • 9 · Prepaid expenses and deferred charges

    beginning of year $130,343 · end of year $164,966

  • 10a · Land, buildings and equipment: cost or other basis

    $20,251,504

  • 10b · Land, buildings and equipment: accumulated depreciation

    $12,283,205

  • 10c · Land, buildings and equipment, net

    beginning of year $8,136,199 · end of year $7,968,299

  • 11 · Investments: publicly traded securities

    beginning of year $9,295,786 · end of year $10,250,931

  • 15 · Other assets

    beginning of year $567,806 · end of year $488,739

  • 17 · Accounts payable and accrued expenses

    beginning of year $735,094 · end of year $704,474

  • 19 · Deferred revenue

    beginning of year $8,148,725 · end of year $8,305,658

  • 20 · Tax-exempt bond liabilities

    beginning of year $2,687,768 · end of year $2,434,421

  • 25 · Other liabilities

    beginning of year $521,084 · end of year $436,579

  • 27 · Net assets without donor restrictions

    beginning of year $12,829,936 · end of year $14,229,371

  • 28 · Net assets with donor restrictions

    beginning of year $827,395 · end of year $248,016

Mission and programs · 2023

Mission

FORSYTH SCHOOL FOSTERS A SPIRIT OF CURIOSITY AND JOY, EMPOWERING CHILDREN TO PURSUE CHALLENGES WITH CONFIDENCE.

Activities or mission (Part I)

FOSTERING A SPIRIT OF CURIOSITY AND JOY, EMPOWERING CHILDREN TO PURSUE CHALLENGES WITH CONFIDENCE.

  • FORSYTH SCHOOL IS A LEADING INDEPENDENT, CO-EDUCATIONAL ELEMENTARY SCHOOL FOR CHILDREN AGE 2 THROUGH GRADE 6. AT FORSYTH, OUR TALENTED AND CARING FACULTY ENCOURAGE STUDENTS TO EXPLORE AND QUESTION, ENABLING THEM TO LEARN DEEPLY. EACH CHILD'S UNIQUE IDENTITY IS KNOWN, CELEBRATED, AND NURTURED BY OUR SUPPORTIVE COMMUNITY. THE RESULTS ARE PROFOUND: CHILDREN TAKE RISKS, PURSUE CHALLENGES, AND FIND JOY IN LEARNING. THE "FORSYTH EXPERIENCE" IS ENRICHED BY THE SCHOOL'S UNIQUE CAMPUS, LOCATION, AND COMMITMENT TO THE NATURAL WORLD.FORSYTH PROVIDED EDUCATIONAL SERVICES TO 375 CHILDREN IN 2023/2024.

    Expenses $8,752,351 · Grants $1,046,819 · Revenue $9,703,129

As filed on the 2023 return.

Listed in Part VII

  • ABIGAIL GEORGE

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • TYMESHA BUCKNER-DOYBNES

    SECRETARY/TRUST. CO-CHAIR (THRU 6/24)

    Total calculated
    $0
    Hours/week
    2

  • JEFF HIGHTOWER

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • SCOTT BAIER

    BOARD MEMBER/CO-CHAIR DEI

    Total calculated
    $0
    Hours/week
    2

  • ELLEN BOROWIAK

    BOARD MEMBER/PLANT & LAND CO-CHAIR

    Total calculated
    $0
    Hours/week
    2

  • JEANNE FORSYTH

    BOARD MEMBER/DEV. CHAIR

    Total calculated
    $0
    Hours/week
    2

  • TIM FROEHLICH

    CHAIR OF FINANCE

    Total calculated
    $0
    Hours/week
    2

  • JON GIOKAS

    BOARD MEMBER/FORMER PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • KRISTY GUFFEY

    BOARD MEMBER/DEV. CHAIR (THRU 2/24)

    Total calculated
    $0
    Hours/week
    2

  • AUSTIN HASEK

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • HOPIE JERNAGAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MONT LEVY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • SHEYDA NAMAZIE-KUMMER

    BOARD MEMBER/S.P. CHAIR (THRU 6/24)

    Total calculated
    $0
    Hours/week
    2

  • HEATHER RYNASIEWISZ

    BOARD MEMBER/P&L CO-CHAIR (THRU 6/24)

    Total calculated
    $0
    Hours/week
    2

  • ANDREW SCHLICHTER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • AMBER SIMPSON

    BOARD MEMBER/TRUSTEES CO-CHAIR

    Total calculated
    $0
    Hours/week
    2

  • ADIA WINGFIELD

    BOARD MEMBER/CO-CHAIR DEI

    Total calculated
    $0
    Hours/week
    2

  • ROBERT BUTLER JR

    HEAD OF SCHOOL

    Total calculated
    $318,108
    From this org
    $255,233
    From related orgs
    $0
    Other
    $62,875
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $240,733
    Bonus
    $14,500
    Other
    $0
    Deferred
    $12,875
    Nontaxable benefits
    $50,000
    Filer's total
    $318,108

  • ELIZABETH MCDONALD

    ASSISTANT HEAD OF SCHOOL

    Total calculated
    $140,629
    From this org
    $125,485
    From related orgs
    $0
    Other
    $15,144
    Hours/week
    45

  • JASON HOOPER

    LOWER DIVISION DIRECTOR

    Total calculated
    $122,578
    From this org
    $106,510
    From related orgs
    $0
    Other
    $16,068
    Hours/week
    45

  • MICHAEL MITCHELL

    DIRECTOR OF FACILITIES

    Total calculated
    $129,771
    From this org
    $111,210
    From related orgs
    $0
    Other
    $18,561
    Hours/week
    45

  • STEPHANIE TEACHOUT

    UPPER DIVISION DIRECTOR

    Total calculated
    $119,720
    From this org
    $106,437
    From related orgs
    $0
    Other
    $13,283
    Hours/week
    45

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
6 May 2025
IRS schema version
2023v6.0
Source object
202511279349300701

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