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Nonprofiteer
← MIAMI COUNTRY DAY SCHOOL INC

Form 990 for tax year 2023

Filed by MIAMI COUNTRY DAY SCHOOL INC.

Totals

Total revenue
$80,393,693
Total expenses
$69,970,229
Contributions and grants received
$12,570,622
Grants paid
$6,009,117
Program service revenue
$64,137,391
Investment income
$3,299,709
Other revenue
$385,971
Total assets, end of year
$202,147,586
Total liabilities, end of year
$111,322,196
Net assets or fund balances, end of year
$90,825,390
Program services expenses (Part IX)
$55,975,555
Management and general expenses
$12,577,214
Fundraising expenses
$1,417,460
Program service expenses (Part III)
$55,975,555

Program services were 80.0% 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

    $485,048

  • 1f · All other contributions, gifts and grants

    $12,085,574

  • 2a · Program service revenue: TUITION AND FEES

    total $59,390,635 · related or exempt $59,390,635

  • 2b · Program service revenue: AFTER SCHOOL CLUBS

    total $2,156,058 · related or exempt $2,156,058

  • 2c · Program service revenue: STUDENT ACTIVITIES

    total $1,301,488 · related or exempt $1,301,488

  • 2d · Program service revenue: GENERAL SUMMER PROG. R

    total $1,289,210 · related or exempt $1,289,210

  • 3 · Investment income

    total $3,223,820 · excluded $3,223,820

  • 7a · Gross sales of assets other than inventory

    securities $5,452,716

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

    securities $5,376,827

  • 7c · Gain or loss

    securities $75,889

  • 7d · Net gain or loss

    total $75,889 · excluded $75,889

  • 8a · Fundraising events: gross income

    $835,761

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

    $485,048

  • 8b · Fundraising events: direct expenses

    $597,757

  • 8c · Net income from fundraising events

    total $238,004 · excluded $238,004

  • 11a · Other revenue: PARKING GARAGE FEES

    total $147,967 · excluded $147,967

  • 11e · Other revenue, total

    $147,967

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $6,009,117 · program services $6,009,117

  • 5 · Compensation of officers, directors and key employees

    total $2,187,389 · program services $861,684 · management and general $1,176,773 · fundraising $148,932

  • 7 · Other salaries and wages

    total $22,839,413 · program services $18,908,819 · management and general $3,385,195 · fundraising $545,399

  • 8 · Pension plan contributions

    total $1,382,910 · program services $1,142,956 · management and general $206,731 · fundraising $33,223

  • 9 · Other employee benefits

    total $5,599,031 · program services $4,563,359 · management and general $894,625 · fundraising $141,047

  • 10 · Payroll taxes

    total $1,799,510 · program services $1,432,290 · management and general $318,388 · fundraising $48,832

  • 11b · Fees: legal

    total $301,507 · management and general $301,507

  • 11c · Fees: accounting

    total $228,071 · management and general $228,071

  • 11f · Fees: investment management

    total $118,545 · management and general $118,545

  • 11g · Fees: other

    total $922,970 · program services $616,782 · management and general $271,587 · fundraising $34,601

  • 12 · Advertising and promotion

    total $96,991 · program services $64,815 · management and general $28,540 · fundraising $3,636

  • 13 · Office expenses

    total $408,481 · program services $272,971 · management and general $120,196 · fundraising $15,314

  • 14 · Information technology

    total $838,851 · program services $607,515 · management and general $226,279 · fundraising $5,057

  • 16 · Occupancy

    total $5,625,410 · program services $4,892,446 · management and general $697,770 · fundraising $35,194

  • 17 · Travel

    total $521,933 · program services $348,786 · management and general $153,581 · fundraising $19,566

  • 19 · Conferences, conventions and meetings

    total $89,428 · program services $59,761 · management and general $26,314 · fundraising $3,353

  • 20 · Interest

    total $1,716,183 · program services $1,008,926 · management and general $707,257

  • 22 · Depreciation, depletion and amortization

    total $4,611,143 · program services $3,213,762 · management and general $1,358,035 · fundraising $39,346

  • 23 · Insurance

    total $2,893,115 · program services $2,429,220 · management and general $446,420 · fundraising $17,475

  • 24a · Other expenses: OPERATIONS SUPPORT

    total $4,768,208 · program services $3,783,930 · management and general $835,956 · fundraising $148,322

  • 24b · Other expenses: FOOD SERVICES

    total $2,772,311 · program services $2,530,566 · management and general $141,741 · fundraising $100,004

  • 24c · Other expenses: BOOKS, SUPPLIES, TECHNO

    total $2,635,121 · program services $1,908,413 · management and general $710,821 · fundraising $15,887

  • 24d · Other expenses: REPAIRS & MAINTENANCE

    total $1,444,428 · program services $1,212,822 · management and general $222,882 · fundraising $8,724

  • 24e · All other expenses

    total $160,163 · program services $106,615 · fundraising $53,548

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $13,729,289 · end of year $6,877,162

  • 2 · Savings and temporary cash investments

    beginning of year $5,106,052 · end of year $76,551

  • 3 · Pledges and grants receivable

    beginning of year $1,320,824 · end of year $7,618,820

  • 4 · Accounts receivable

    beginning of year $13,800,044 · end of year $14,559,119

  • 8 · Inventories for sale or use

    beginning of year $51,417 · end of year $16,035

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,495,183 · end of year $3,405,169

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

    $112,834,735

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

    $52,107,950

  • 10c · Land, buildings and equipment, net

    beginning of year $61,372,146 · end of year $60,726,785

  • 11 · Investments: publicly traded securities

    beginning of year $48,906,761 · end of year $105,399,515

  • 12 · Investments: other securities

    beginning of year $131,750 · end of year $131,750

  • 15 · Other assets

    beginning of year $2,916,407 · end of year $3,336,680

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,810,153 · end of year $3,442,680

  • 19 · Deferred revenue

    beginning of year $47,823,642 · end of year $50,810,617

  • 20 · Tax-exempt bond liabilities

    beginning of year $20,565,777 · end of year $54,793,978

  • 21 · Escrow or custodial account liability

    beginning of year $202,220 · end of year $435,601

  • 23 · Secured mortgages and notes payable

    beginning of year $389,000 · end of year $669,795

  • 25 · Other liabilities

    beginning of year $1,382,995 · end of year $1,169,525

  • 27 · Net assets without donor restrictions

    beginning of year $65,110,388 · end of year $69,772,799

  • 28 · Net assets with donor restrictions

    beginning of year $12,545,698 · end of year $21,052,591

Mission and programs · 2023

Mission

MIAMI COUNTRY DAY SCHOOL'S MISSION IS TO EDUCATE CHILDREN FROM JUNIOR KINDERGARTEN THROUGH 12TH GRADE.

  • MIAMI COUNTRY DAY SCHOOL EMPOWERS EVERY STUDENT, EVERY DAY, EVERYWHERE TO LEARN WITH VIGOR, EXPLORE WITH PURPOSE, STRIVE FOR EXCELLENCE, AND SERVE WITH HONOR, RESPECT, AND COMPASSION AS GLOBAL CITIZENS. WE DO THIS IN A COMMUNITY WHERE EVERY STUDENT IS KNOWN AND INCLUDED BY ENGAGING THE WHOLE CHILD, IN AND OUT OF THE CLASSROOM AS THEY DISCOVER THEIR FULL POTENTIAL. THE SCHOOL IS AN INDEPENDENT COLLEGE PREPARATORY DAY SCHOOL ENROLLING APPROXIMATELY 1,380 STUDENTS IN A JUNIOR KINDERGARTEN THROUGH 12TH GRADE COLLEGE PREPARATORY PROGRAM.

    Expenses $55,975,555 · Grants $6,009,117 · Revenue $64,137,391

As filed on the 2023 return.

Listed in Part VII

  • Matthew Whitman Lazenby

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • James W Moore

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    5

  • Claudia Brod

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Dan Standen

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Christopher Bellows

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Kevin King

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Sean Clancy

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Adam Malamed

    ASSISTANT SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Mike Allen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Janice Barefoot

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • James Bergman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Robert Finvarb

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Karleen Halliwell

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Gigi Jeffries

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Jared Lustbader

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Sebastian Malo

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Gerald Moore

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Anna Schneur

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Matthew Storm

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Nick Woodhouse

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Jimmy Cudzilo Jr

    CHIEF INFORMATION OFFICER

    Total calculated
    $173,149
    From this org
    $154,819
    From related orgs
    $0
    Other
    $18,330
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,473
    Bonus
    $0
    Other
    $1,346
    Deferred
    $10,801
    Nontaxable benefits
    $7,529
    Filer's total
    $173,149

  • Scott Tomlinson

    CHIEF PHILANTHROPY OFFICER

    Total calculated
    $223,729
    From this org
    $200,065
    From related orgs
    $0
    Other
    $23,664
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $198,122
    Bonus
    $0
    Other
    $1,943
    Deferred
    $15,135
    Nontaxable benefits
    $8,529
    Filer's total
    $223,729

  • Timothy Walsh

    CHIEF FINANCE AND OPERATIONS OFFICER

    Total calculated
    $311,859
    From this org
    $278,849
    From related orgs
    $0
    Other
    $33,010
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $265,603
    Bonus
    $10,000
    Other
    $3,246
    Deferred
    $18,949
    Nontaxable benefits
    $14,061
    Filer's total
    $311,859

  • Alice Florin

    DIR. OF FINANCIAL PLANNING

    Total calculated
    $201,908
    From this org
    $153,345
    From related orgs
    $0
    Other
    $48,563
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $151,135
    Bonus
    $0
    Other
    $2,210
    Deferred
    $12,014
    Nontaxable benefits
    $36,549
    Filer's total
    $201,908

  • Mariandl Hufford

    PRESIDENT AND HEAD OF SCHOOL

    Total calculated
    $717,446
    From this org
    $687,237
    From related orgs
    $0
    Other
    $30,209
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $480,271
    Bonus
    $46,409
    Other
    $160,557
    Deferred
    $21,759
    Nontaxable benefits
    $8,450
    Filer's total
    $717,446

  • Jill Robert

    DIRECTOR OF UPPER SCHOOL

    Total calculated
    $213,648
    From this org
    $165,016
    From related orgs
    $0
    Other
    $48,632
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $163,591
    Bonus
    $0
    Other
    $1,425
    Deferred
    $12,083
    Nontaxable benefits
    $36,549
    Filer's total
    $213,648

  • Nima Rouhanifard

    DIRECTOR OF MIDDLE SCHOOL

    Total calculated
    $198,781
    From this org
    $177,706
    From related orgs
    $0
    Other
    $21,075
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $176,224
    Bonus
    $0
    Other
    $1,482
    Deferred
    $12,546
    Nontaxable benefits
    $8,529
    Filer's total
    $198,781

  • Maria Maxwell

    CHIEF OF STAFF/DIR. OF STRAT INITIATIVES

    Total calculated
    $192,090
    From this org
    $171,123
    From related orgs
    $0
    Other
    $20,967
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,901
    Bonus
    $0
    Other
    $2,222
    Deferred
    $12,438
    Nontaxable benefits
    $8,529
    Filer's total
    $192,090

  • Dan Bronish

    CHIEF ACADEMIC DESIGN OFFICER

    Total calculated
    $189,868
    From this org
    $168,880
    From related orgs
    $0
    Other
    $20,988
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $167,070
    Bonus
    $0
    Other
    $1,810
    Deferred
    $11,722
    Nontaxable benefits
    $9,266
    Filer's total
    $189,868

  • Shana Lindsey

    DIRECTOR OF LOWER SCHOOL

    Total calculated
    $212,471
    From this org
    $165,280
    From related orgs
    $0
    Other
    $47,191
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $163,803
    Bonus
    $0
    Other
    $1,477
    Deferred
    $11,642
    Nontaxable benefits
    $35,549
    Filer's total
    $212,471

  • Glen Turf

    CHIEF GLOBAL INITIATIVES AND BELONGING OFFICER

    Total calculated
    $179,468
    From this org
    $160,892
    From related orgs
    $0
    Other
    $18,576
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,354
    Bonus
    $0
    Other
    $1,538
    Deferred
    $11,047
    Nontaxable benefits
    $7,529
    Filer's total
    $179,468

  • Ochiel Swaby

    P.E TEACHER/SUMMER BASKETBALL CAMP DIRECTOR

    Total calculated
    $204,862
    From this org
    $158,196
    From related orgs
    $0
    Other
    $46,666
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,637
    Bonus
    $0
    Other
    $559
    Deferred
    $11,117
    Nontaxable benefits
    $35,549
    Filer's total
    $204,862

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 · Tax indemnification and gross-up payments
  • 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 · Independent compensation consultant
  • 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
IN CALENDAR YEAR 2023, THE ORGANIZATION PROVIDED TEMPORARY HOUSING TO THE HEAD OF SCHOOL. THE RENTAL VALUE OF THE RESIDENCE AND GROSS UP PAYMENTS WERE REPORTED AS TAXABLE WAGES TO THE HEAD OF SCHOOL'S AND IS REPORTED ON SCHEDULE J, PART III, COLUMN (III).
PART I, LINE 3
THE SCHOOL HIRED AN INDEPENDENT CONSULTANT TO SET THE HEAD OF SCHOOL'S SALARY IN 2018. THE BOARD COMMITTEE WILL REVIEW AND APPROVE THE HEAD OF SCHOOL'S SALARY.
PART I, LINE 7
THE PRESIDENT/HOS RECEIVED A NON-FIXED BONUS FOR 2023 IN THE AMOUNT OF $46,409. THIS BONUS WAS DETERMINED BASED ON EMPLOYEE PERFORMANCE.

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.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CHARITABLE LEAD TRUST

    T · INVESTMENTS · FL

Provenance

Return type
form_990
Tax year
2023
Filed
14 April 2025
IRS schema version
2023v6.0
Source object
202501069349301120

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