Fort Worth Country Day School Inc
- Assets
- $119.3m
- Revenue
- $39.6m
- Investments
- $40.4m
- Employees
- 415
- Location
- Fort Worth, TX
- Founding
- 01/1964
- Data as of
- 06/2021
- EIN
- 75-1085363
Organization Overview
Fort Worth Country Day School Inc is located in Fort Worth, TX. The organization was established in 1964. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Fort Worth Country Day School Inc employed 415 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fort Worth Country Day School Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Fort Worth Country Day School Inc generated $39.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $34.1m during the year ending 06/2021. While expenses have increased by 2.9% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
FORT WORTH COUNTRY DAY SCHOOL IS A K12 NONPROFIT EDUCATION FACILITY WITH A TRADITION OF PROVIDING A RIGOROUS COLLEGE PREPARATORY CURRICULUM, BALANCED EQUALLY BY PROGRAMS IN FINE ARTS AND ATHLETICS. DURING THE YEAR ENDING 6/30/21, THE SCHOOL HAD A STUDENT ENROLLMENT OF 1,081. TRADITIONALLY 100 PERCENT OF FWCD GRADUATES ATTEND FOUR YEAR COLLEGES AND UNIVERSITIES. THE MEMBERS OF THE CLASS OF 2021 WERE ADMITTED TO 121 DIFFERENT COLLEGES. THESE GRADUATES WERE AWARDED MORE THAN $11.6 MILLION IN MERIT BASED SCHOLARSHIPS AND OTHER AWARDS. 44 PERCENT OF THE MEMBERS OF THE CLASS OF 2021 ATTENDED SCHOOL IN THE STATE OF TEXAS, WHILE 56 PERCENT WENT OUT OF STATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Lombardi Head Of School | Officer | 40 | $410,728 |
Thomas Mitchell Chief Financial & Operations Officer | Officer | 40 | $219,259 |
John Stephens Head Of Middle School | 40 | $134,254 | |
Ernest Uhr Director Of Technology | 40 | $130,139 | |
Peggy Wakeland Assistant Head Of Upper School | 40 | $125,556 | |
Sandra Tuomey Director Of Advancement | 40 | $124,966 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sage Dining Services Inc Lunch Services | 6/29/21 | $1,077,937 |
Lake Flato Architects Inc Architect Services | 6/29/21 | $1,046,791 |
Pavlov Advertising Llc Advertising | 6/29/21 | $116,768 |
Linbeck Group Llc Architect Services | 6/29/21 | $109,676 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,063,444 |
| Noncash contributions included in lines 1a–1f | $58,211 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,063,444 |
| Total Program Service Revenue | $28,284,290 |
| Investment income | $181,528 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $25,469 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,975,900 |
| Net Income from Fundraising Events | $35,807 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $15,573 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $39,582,011 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,867,087 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $761,576 |
| Compensation of current officers, directors, key employees. | $742,273 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,224,927 |
| Pension plan accruals and contributions | $1,004,213 |
| Other employee benefits | $1,839,351 |
| Payroll taxes | $1,202,537 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $35,862 |
| Fees for services: Accounting | $61,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,171,415 |
| Fees for services: Other | $126,022 |
| Advertising and promotion | $156,219 |
| Office expenses | $44,477 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,176,531 |
| Travel | $31,381 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $67,292 |
| Interest | $152,022 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,499,192 |
| Insurance | $483,393 |
| All other expenses | $230,288 |
| Total functional expenses | $34,068,270 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,554,202 |
| Savings and temporary cash investments | $7,256,135 |
| Pledges and grants receivable | $2,394,292 |
| Accounts receivable, net | $13,955,546 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $622,219 |
| Prepaid expenses and deferred charges | $1,017,672 |
| Net Land, buildings, and equipment | $36,189,433 |
| Investments—publicly traded securities | $10,842,681 |
| Investments—other securities | $40,430,888 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $119,263,068 |
| Accounts payable and accrued expenses | $3,716,073 |
| Grants payable | $0 |
| Deferred revenue | $24,689,714 |
| Tax-exempt bond liabilities | $5,858,363 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $150,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $34,414,150 |
| Net assets without donor restrictions | $48,575,365 |
| Net assets with donor restrictions | $36,273,553 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $119,263,068 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Fort Worth Country Day School Inc has recieved totaling $39,173.
| Awarding Organization | Amount |
|---|---|
Reilly Family Foundation Aledo, TX PURPOSE: SCHOLARSHIPS | $38,973 |
Kwan Charitable Foundation Irving, TX PURPOSE: NON-RESTRICTED | $200 |
Endowment Analysis
| Beg. Balance | $41,822,549 |
| Earnings | $14,204,221 |
| Net Contributions | $56,965 |
| Other Expense | $2,319,046 |
| Ending Balance | $53,764,689 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Inspirenola Charter Schools New Orleans, LA | $22,382,887 | $74,884,221 |
Kinkaid School Inc Houston, TX | $122,042,370 | $52,090,713 |
St Johns School Houston, TX | $423,318,238 | $58,605,665 |
Hockaday School Dallas, TX | $327,432,445 | $61,281,462 |
Trinity Basin Preparatory Inc Grand Prairie, TX | $147,305,445 | $57,426,553 |
Greenhill School Addison, TX | $147,490,301 | $53,613,950 |
St Marks School Of Texas Dallas, TX | $307,638,954 | $39,530,532 |
Tlc Academy San Angelo, TX | $61,295,304 | $42,259,776 |
Episcopal School Of Dallas Inc Dallas, TX | $115,874,541 | $40,283,303 |
John Cooper School The Woodlands, TX | $108,804,128 | $40,380,579 |
Fort Worth Country Day School Inc Fort Worth, TX | $119,263,068 | $39,582,011 |
Faith Family Kids Inc Desoto, TX | $30,662,985 | $39,123,210 |