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Nonprofiteer
← GREENSBORO INDEPENDENT SCHOOL CORPORATION

Form 990 for tax year 2023

Filed by GREENSBORO INDEPENDENT SCHOOL CORPORATION.

Totals

Total revenue
$33,882,354
Total expenses
$24,293,964
Contributions and grants received
$9,208,947
Grants paid
$2,817,655
Program service revenue
$23,404,345
Investment income
$1,174,880
Other revenue
$94,182
Total assets, end of year
$74,082,288
Total liabilities, end of year
$10,698,614
Net assets or fund balances, end of year
$63,383,674
Program services expenses (Part IX)
$16,593,850
Management and general expenses
$6,748,028
Fundraising expenses
$952,086
Program service expenses (Part III)
$16,593,850

Program services were 68.3% 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.

  • 1f · All other contributions, gifts and grants

    $9,208,947

  • 1g · Noncash contributions included above

    $4,888,412

  • 2a · Program service revenue: Student Tuition & Fees

    total $22,058,964 · related or exempt $22,058,964

  • 2b · Program service revenue: Summer Prog/Child Care

    total $1,211,239 · related or exempt $1,211,239

  • 2c · Program service revenue: Transportation Fees

    total $51,884 · related or exempt $51,884

  • 2f · All other program service revenue

    total $82,258 · related or exempt $82,258 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $994,202 · excluded $994,202

  • 6a · Gross rents

    real property $70,884

  • 6b · Less rental expenses

    real property $60,273

  • 6c · Rental income or loss

    real property $10,611 · personal property $0

  • 6d · Net rental income or loss

    total $10,611 · excluded $10,611

  • 7a · Gross sales of assets other than inventory

    securities $1,122,274

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

    securities $941,596

  • 7c · Gain or loss

    securities $180,678 · other assets $0

  • 7d · Net gain or loss

    total $180,678 · excluded $180,678

  • 8a · Fundraising events: gross income

    $14,637

  • 8b · Fundraising events: direct expenses

    $58,331

  • 8c · Net income from fundraising events

    total -$43,694 · excluded -$43,694

  • 10a · Gross sales of inventory

    $880,326

  • 10b · Cost of goods sold

    $816,842

  • 10c · Net income from sales of inventory

    total $63,484 · excluded $63,484

  • 11a · Other revenue: Miscellaneous Revenue

    total $63,781 · excluded $63,781

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $63,781

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $2,817,655 · program services $2,817,655

  • 5 · Compensation of officers, directors and key employees

    total $915,070 · program services $0 · management and general $709,093 · fundraising $205,977

  • 7 · Other salaries and wages

    total $11,587,448 · program services $8,727,677 · management and general $2,643,250 · fundraising $216,521

  • 8 · Pension plan contributions

    total $91,207 · program services $51,960 · management and general $29,076 · fundraising $10,171

  • 9 · Other employee benefits

    total $2,754,721 · program services $1,891,524 · management and general $779,737 · fundraising $83,460

  • 10 · Payroll taxes

    total $846,537 · program services $578,100 · management and general $240,586 · fundraising $27,851

  • 11b · Fees: legal

    total $55,639 · management and general $55,639

  • 11c · Fees: accounting

    total $63,950 · management and general $63,950

  • 11e · Fees: professional fundraising services

    total $53,000 · fundraising $53,000

  • 11f · Fees: investment management

    total $69,836 · management and general $69,836

  • 11g · Fees: other

    total $591,519 · program services $279,877 · management and general $311,642 · fundraising $0

  • 12 · Advertising and promotion

    total $129,842 · program services $10,021 · management and general $119,821

  • 13 · Office expenses

    total $1,095,386 · program services $764,183 · management and general $317,955 · fundraising $13,248

  • 14 · Information technology

    total $578,733 · program services $55,185 · management and general $223,159 · fundraising $300,389

  • 16 · Occupancy

    total $415,285 · management and general $415,285

  • 17 · Travel

    total $280,040 · program services $280,040

  • 19 · Conferences, conventions and meetings

    total $264,627 · program services $130,836 · management and general $131,826 · fundraising $1,965

  • 20 · Interest

    total $85,192 · program services $74,523 · management and general $9,325 · fundraising $1,344

  • 22 · Depreciation, depletion and amortization

    total $859,111 · program services $748,297 · management and general $96,852 · fundraising $13,962

  • 23 · Insurance

    total $141,081 · management and general $141,081

  • 24a · Other expenses: All Other Expenses

    total $343,995 · program services $47,698 · management and general $281,729 · fundraising $14,568

  • 24b · Other expenses: Athletic Program/Uniform

    total $122,397 · program services $122,397

  • 24c · Other expenses: Hospitality

    total $77,804 · program services $1,750 · management and general $68,023 · fundraising $8,031

  • 24d · Other expenses: Belonging and Inclusion Program

    total $27,175 · management and general $27,175

  • 24e · All other expenses

    total $26,714 · program services $12,127 · management and general $12,988 · fundraising $1,599

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $4,126,931 · end of year $4,886,657

  • 3 · Pledges and grants receivable

    beginning of year $538,517 · end of year $9,310,441

  • 4 · Accounts receivable

    beginning of year $5,745,027 · end of year $782,878

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $179,154 · end of year $185,001

  • 9 · Prepaid expenses and deferred charges

    beginning of year $248,749 · end of year $321,578

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

    $42,658,996

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

    $22,896,130

  • 10c · Land, buildings and equipment, net

    beginning of year $19,115,160 · end of year $19,762,866

  • 11 · Investments: publicly traded securities

    beginning of year $18,032,988 · end of year $18,333,215

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $10,062,581 · end of year $20,499,652

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,305,290 · end of year $3,076,050

  • 19 · Deferred revenue

    beginning of year $2,633,081 · end of year $3,173,790

  • 20 · Tax-exempt bond liabilities

    beginning of year $510,266 · end of year $4,042,615

  • 21 · Escrow or custodial account liability

    beginning of year $2,166 · end of year $2,166

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $39,584 · end of year $403,993

  • 27 · Net assets without donor restrictions

    beginning of year $22,647,807 · end of year $24,390,718

  • 28 · Net assets with donor restrictions

    beginning of year $29,910,913 · end of year $38,992,956

Mission and programs · 2023

Mission

Greensboro Day School develops the intellectual, ethical, and interpersonal foundations students need to become constructive contributors to the world.

Activities or mission (Part I)

A coeducational, college preparatory non-sectarian independent school for grades PK-12.

  • The school is committed to providing our students a challenging and inspiring academic program that supports students in achieving their potential in college and life, a socially and economically diverse community that honors and nurtures relationships among students, faculty, and community, an exceptional extra-curricular opportunity that enriches the educational experience and a global perspective that cultivates respect for others and promotes a stewardship of the environment.

    Expenses $16,593,850 · Grants $2,817,655 · Revenue $23,404,345

As filed on the 2023 return.

Listed in Part VII

  • Bill Smith

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Chuck Keeley

    Past Chair

    Total calculated
    $0
    Hours/week
    2

  • Durant Bell

    Chair

    Total calculated
    $0
    Hours/week
    2

  • Lisa Anderson

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • Andrea Hunt

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Ann Legette

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Ashley Anderson

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Beth Harrington

    At Large

    Total calculated
    $0
    Hours/week
    2

  • Charles T Hagan III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Comer Wear

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • David Egerton

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Denise Turner Roth

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Heather Wilson

    At Large

    Total calculated
    $0
    Hours/week
    2

  • Holly Jones

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • John King

    At Large

    Total calculated
    $0
    Hours/week
    2

  • Kim Akintayo

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Kristen Magod

    At Large

    Total calculated
    $0
    Hours/week
    2

  • Libby Ramsey

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Phelps Sprinkle

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Rima Jarrah

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Steven Hatcher

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Alanna Brown

    CFO

    Total calculated
    $102,776
    From this org
    $100,526
    From related orgs
    $0
    Other
    $2,250
    Hours/week
    40

  • Anne Glosky

    Associate Head of School for People & Program

    Total calculated
    $178,758
    From this org
    $166,621
    From related orgs
    $0
    Other
    $12,137
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $166,108
    Bonus
    $0
    Other
    $513
    Deferred
    $8,364
    Nontaxable benefits
    $3,773
    Filer's total
    $178,758

  • Ian Patrick

    Chief Philanthrophy Office

    Total calculated
    $184,238
    From this org
    $156,872
    From related orgs
    $0
    Other
    $27,366
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,365
    Bonus
    $0
    Other
    $507
    Deferred
    $8,120
    Nontaxable benefits
    $19,246
    Filer's total
    $184,238

  • Tracie J Catlett

    HEAD OF SCHOOL

    Total calculated
    $542,126
    From this org
    $491,051
    From related orgs
    $0
    Other
    $51,075
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $397,558
    Bonus
    $60,000
    Other
    $33,493
    Deferred
    $20,513
    Nontaxable benefits
    $30,562
    Filer's total
    $542,126

  • Freddy Johnson

    Director of Basketball

    Total calculated
    $156,972
    From this org
    $141,440
    From related orgs
    $0
    Other
    $15,532
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,054
    Bonus
    $0
    Other
    $1,386
    Deferred
    $8,618
    Nontaxable benefits
    $6,914
    Filer's total
    $156,972

  • Peter Williams

    Assistant Head of School for Operations

    Total calculated
    $148,857
    From this org
    $138,072
    From related orgs
    $0
    Other
    $10,785
    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 · Tax indemnification and gross-up payments
  • 1a · Housing allowance or residence for personal use
  • 1a · Health or social club dues or initiation fees
  • 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

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

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Tax indemnification and gross-up payments
TAX INDEMNIFICATION AND GROSS UP PAYMENTS, HOUSING ALLOWANCE AND HEALTH CLUB DUES ARE PAID FOR THE HEAD OF THE SCHOOL AND ARE APPROPRIATELY INCLUDED IN HER WAGES.

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
30 June 2025
IRS schema version
2023v6.0
Source object
202501819349301370

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