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Nonprofiteer
← FORT WORTH COUNTRY DAY SCHOOL INC

Form 990 for tax year 2023

Filed by FORT WORTH COUNTRY DAY SCHOOL INC.

Totals

Total revenue
$51,256,111
Total expenses
$38,906,714
Contributions and grants received
$13,993,198
Grants paid
$3,778,067
Program service revenue
$33,539,064
Investment income
$3,526,350
Other revenue
$197,499
Total assets, end of year
$159,677,474
Total liabilities, end of year
$44,507,230
Net assets or fund balances, end of year
$115,170,244
Program services expenses (Part IX)
$30,386,175
Management and general expenses
$7,532,627
Fundraising expenses
$987,912
Program service expenses (Part III)
$30,386,175

Program services were 78.1% 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

    $81,552

  • 1f · All other contributions, gifts and grants

    $13,911,646

  • 1g · Noncash contributions included above

    $249,303

  • 2a · Program service revenue: TUITION AND FEES

    total $31,146,786 · related or exempt $31,146,786

  • 2b · Program service revenue: AUXILIARY INCOME

    total $1,253,477 · related or exempt $1,243,324 · unrelated business $10,153

  • 2c · Program service revenue: SUMMER SCHOOL

    total $942,629 · related or exempt $942,629

  • 2d · Program service revenue: BALLET

    total $161,017 · related or exempt $161,017

  • 2e · Program service revenue: TRANSPORTATION SERVICE

    total $35,155 · related or exempt $35,155

  • 3 · Investment income

    total $1,475,462 · unrelated business $97,616 · excluded $1,377,846

  • 5 · Royalties

    total $67,919 · excluded $67,919

  • 7a · Gross sales of assets other than inventory

    securities $5,185,686

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

    securities $2,763,255 · other assets $371,543

  • 7c · Gain or loss

    securities $2,422,431 · other assets -$371,543

  • 7d · Net gain or loss

    total $2,050,888 · excluded $2,050,888

  • 8a · Fundraising events: gross income

    $212,479

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

    $81,552

  • 8b · Fundraising events: direct expenses

    $160,066

  • 8c · Net income from fundraising events

    total $52,413 · excluded $52,413

  • 9a · Gaming: gross income

    $39,381

  • 9b · Gaming: direct expenses

    $15,531

  • 9c · Net income from gaming

    total $23,850 · unrelated business $1,070 · excluded $22,780

  • 10a · Gross sales of inventory

    $108,873

  • 10b · Cost of goods sold

    $55,556

  • 10c · Net income from sales of inventory

    total $53,317 · excluded $53,317

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $3,778,067 · program services $3,778,067

  • 5 · Compensation of officers, directors and key employees

    total $885,473 · management and general $862,334 · fundraising $23,139

  • 7 · Other salaries and wages

    total $18,097,900 · program services $13,939,195 · management and general $3,416,799 · fundraising $741,906

  • 8 · Pension plan contributions

    total $1,155,587 · program services $883,418 · management and general $224,925 · fundraising $47,244

  • 9 · Other employee benefits

    total $2,089,385 · program services $1,597,283 · management and general $406,682 · fundraising $85,420

  • 10 · Payroll taxes

    total $1,284,272 · program services $936,324 · management and general $296,321 · fundraising $51,627

  • 11b · Fees: legal

    total $292,023 · management and general $292,023

  • 11c · Fees: accounting

    total $74,050 · management and general $74,050

  • 11f · Fees: investment management

    total $631,926 · management and general $631,926

  • 11g · Fees: other

    total $358,383 · program services $168,771 · management and general $189,612

  • 12 · Advertising and promotion

    total $187,371 · program services $43,651 · management and general $143,720

  • 13 · Office expenses

    total $128,771 · program services $84,675 · management and general $31,614 · fundraising $12,482

  • 16 · Occupancy

    total $3,585,734 · program services $3,373,113 · management and general $212,621

  • 17 · Travel

    total $37,436 · program services $19,895 · management and general $17,541

  • 19 · Conferences, conventions and meetings

    total $14,682 · program services $9,654 · management and general $3,605 · fundraising $1,423

  • 20 · Interest

    total $174,519 · program services $163,349 · management and general $10,297 · fundraising $873

  • 22 · Depreciation, depletion and amortization

    total $2,011,681 · program services $1,882,934 · management and general $118,689 · fundraising $10,058

  • 24a · Other expenses: SUPPLIES

    total $1,520,866 · program services $1,084,662 · management and general $425,706 · fundraising $10,498

  • 24b · Other expenses: DINING SERVICES

    total $1,345,953 · program services $1,345,953

  • 24c · Other expenses: STUDENT ACTIVITY FEES

    total $633,067 · program services $633,067

  • 24d · Other expenses: PARENT FACULTY ASSN

    total $270,921 · program services $270,921

  • 24e · All other expenses

    total $348,647 · program services $171,243 · management and general $174,162 · fundraising $3,242

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,395,829 · end of year $6,063,888

  • 2 · Savings and temporary cash investments

    beginning of year $12,164,096 · end of year $15,811,500

  • 3 · Pledges and grants receivable

    beginning of year $11,838,927 · end of year $16,347,901

  • 4 · Accounts receivable

    beginning of year $16,080,785 · end of year $15,516,212

  • 8 · Inventories for sale or use

    beginning of year $626,246 · end of year $599,875

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,065,190 · end of year $1,929,655

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

    $84,961,572

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

    $35,478,950

  • 10c · Land, buildings and equipment, net

    beginning of year $38,988,942 · end of year $49,482,622

  • 11 · Investments: publicly traded securities

    beginning of year $8,641,868 · end of year $11,041,591

  • 12 · Investments: other securities

    beginning of year $40,731,551 · end of year $42,704,444

  • 15 · Other assets

    beginning of year $0 · end of year $179,786

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,481,032 · end of year $8,072,786

  • 19 · Deferred revenue

    beginning of year $27,136,857 · end of year $27,425,525

  • 20 · Tax-exempt bond liabilities

    beginning of year $4,288,117 · end of year $7,629,133

  • 23 · Secured mortgages and notes payable

    beginning of year $1,200,000 · end of year $1,200,000

  • 25 · Other liabilities

    beginning of year $0 · end of year $179,786

  • 27 · Net assets without donor restrictions

    beginning of year $53,801,106 · end of year $54,861,259

  • 28 · Net assets with donor restrictions

    beginning of year $45,626,322 · end of year $60,308,985

Mission and programs · 2023

Mission

THE MISSION OF FORT WORTH COUNTRY DAY SCHOOL IS TO FOSTER THE INTELLECTUAL, PHYSICAL, EMOTIONAL AND ETHICAL DEVELOPMENT OF CAPABLE STUDENTS THROUGH AN ACADEMICALLY RIGOROUS COLLEGE PREPARATORY PROGRAM THAT INTEGRATES THE ARTS AND ATHLETICS.

  • THE SCHOOL HAD A STUDENT ENROLLMENT OF 1,097. TRADITIONALLY, ONE-HUNDRED PERCENT OF FWCD GRADUATES ATTEND FOUR YEAR COLLEGES AND UNIVERSITIES. THE MEMBERS OF THE CLASS OF 2024 WERE ADMITTED TO 147 DIFFERENT COLLEGES. THESE GRADUATES WERE AWARDED MORE THAN $12.6 MILLION IN MERIT-BASED SCHOLARSHIPS AND OTHER AWARDS. THIRTY-EIGHT PERCENT OF THE MEMBERS OF THE CLASS OF 2024 ATTENDED SCHOOLS IN THE STATE OF TEXAS, WHILE SIXTY-TWO PERCENT WENT OUT OF STATE.

    Expenses $30,386,175 · Grants $3,778,067 · Revenue $33,528,911

As filed on the 2023 return.

Listed in Part VII

  • Brian Crumley

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • Randy Eisenman

    PAST PRESIDENT/TRUSTEE (THRU 05/24)

    Total calculated
    $0
    Hours/week
    3

  • Elyse Stoltz Dickerson

    VP BUILDING & GROUNDS CHAIR

    Total calculated
    $0
    Hours/week
    2

  • William Butler

    VP TRUSTEE & LEADERSHIP CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Mary Hallman Smith

    SECRETARY (THRU 05/24)

    Total calculated
    $0
    Hours/week
    2

  • Rob Semple

    TREASURER/FINANCE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • John Brookman

    ADVANCEMENT COMM. CHAIR/SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Joseph Berkes

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Laura Bird

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Andrew Blake

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ann Bluntzer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Baldwin Ricky Brown

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Orlando Carvalho

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Georgina Moncrief Condrey

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dak Hatfield

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dr Elizabeth Murphy Jones

    TRUSTEE (THRU 05/24)

    Total calculated
    $0
    Hours/week
    1

  • Bryan King

    TRUSTEE (THRU 05/24)

    Total calculated
    $0
    Hours/week
    1

  • Stephen Luskey

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dr Monika Mathur

    TRUSTEE (THRU 05/24)

    Total calculated
    $0
    Hours/week
    1

  • Demequa Moore

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jamie Packer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Hugo Del Pozzo

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Merianne Roth

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Heather Senter

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Blaine Smith

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Eric Lombardi

    HEAD OF SCHOOL

    Total calculated
    $489,782
    From this org
    $445,522
    From related orgs
    $0
    Other
    $44,260
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $415,522
    Bonus
    $0
    Other
    $30,000
    Deferred
    $0
    Nontaxable benefits
    $44,260
    Filer's total
    $489,782

  • Thomas Mitchell

    CFO & OPERATIONS

    Total calculated
    $271,333
    From this org
    $252,995
    From related orgs
    $0
    Other
    $18,338
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $252,995
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $18,338
    Filer's total
    $271,333

  • Michael Carmody

    DIRECTOR OF AUXILIARY PROGRAMS

    Total calculated
    $172,690
    From this org
    $164,475
    From related orgs
    $0
    Other
    $8,215
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $113,030
    Bonus
    $51,445
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $8,215
    Filer's total
    $172,690

  • Sandra Tuomey

    DIRECTOR OF ADVANCEMENT

    Total calculated
    $151,937
    From this org
    $140,815
    From related orgs
    $0
    Other
    $11,122
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,815
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $11,122
    Filer's total
    $151,937

  • Ernest Uhr

    DIRECTOR OF TECHNOLOGY

    Total calculated
    $154,523
    From this org
    $140,603
    From related orgs
    $0
    Other
    $13,920
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,603
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $13,920
    Filer's total
    $154,523

  • Peggy Wakeland

    HEAD OF UPPER SCHOOL

    Total calculated
    $161,860
    From this org
    $147,080
    From related orgs
    $0
    Other
    $14,780
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,080
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $14,780
    Filer's total
    $161,860

  • Joseph Breedlove

    DIRECTOR BREAKTHROUGH

    Total calculated
    $148,966
    From this org
    $136,948
    From related orgs
    $0
    Other
    $12,018
    Hours/week
    40

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

  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
THE FOLLOWING TAXABLE COMPENSATIONS WERE PROVIDED TO OUR HEAD OF SCHOOL DURING CALENDAR YEAR 2023. HOUSING ALLOWANCE: THE SCHOOL WILL PAY THE HEAD OF SCHOOL A HOUSING ALLOWANANCE EQUAL TO $30,000 EACH CONTRACT YEAR (THE HOUSING ALLOWANCE). EACH YEAR'S HOUSING ALLOWANCE WILL BE PAID IN TWELVE EQUAL MONTHLY PAYMENTS AND SHALL BE PAYABLE ON THE FIRST DAY OF EACH CALENDAR MONTH. THE HOUSING ALLOWANCE PAYMENTS SHALL BE SUBJECT TO ALL APPROPRIATE WITHHOLDINGS AND DEDUCTIONS. THE HEAD OF SCHOOL SUPPORT COMMITTEE MEETS ANNUALLY TO DISCUSS BONUSES. THEY USE INDEX BENCHMARKING DATA TO ASSIST THEM IN DETERMINING THE INCREASE FOR THE HEAD OF SCHOOL EVERY YEAR.
PART I, LINE 7
THE DIRECTOR OF AUXILIARY PROGRAMS WAS PAID A BONUS BASED ON INCREASES TO GROSS AUXILIARY PROGRAM REVENUE ABOVE A CERTAIN GROSS MARGIN.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Provenance

Return type
form_990
Tax year
2023
Filed
28 April 2025
IRS schema version
2023v6.0
Source object
202531209349302158

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