Civic Intelligence

Savannah Country Day School Inc

EIN 58-0655290 • 501(c)3 • Savannah, GA

Profile

To prepare students of academic and personal promise to meet with confidence, imagination and integrity the challenges of college and life.

824 Stillwood DriveSavannah, GA 31419

www.savcds.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

55th percentile

0.30x

Higher debt load relative to assets than 55% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

67th percentile

0.66x

Higher debt load relative to revenue than 67% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Net Margin

75th percentile

19%

Higher net margin than 75% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

66th percentile

$475,677

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Asset Growth

77th percentile

14%

Faster asset growth than 77% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

67th percentile

17%

Faster revenue growth than 67% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Assets

Up

$73,532,810

Up $9,273,692 (+14%) from 2023

Liabilities

Up

$21,857,707

Up $2,322,909 (+12%) from 2023

Net Assets

Up

$51,675,103

Up $6,950,783 (+16%) from 2023

Revenue

Up

$33,201,713

Up $4,908,849 (+17%) from 2023

Expenses

Up

$26,796,335

Up $2,668,809 (+11%) from 2023

Net Income

Up

$6,405,378

Up $2,240,040 (+54%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80M$60M$40M$20M$0Assets 2010: $46,797,838Liabilities 2010: $26,235,124Net Assets 2010: $20,562,7142010Assets 2011: $42,065,281Liabilities 2011: $17,723,788Net Assets 2011: $24,341,4932011Assets 2012: $40,517,690Liabilities 2012: $14,020,704Net Assets 2012: $26,496,9862012Assets 2013: $39,762,846Liabilities 2013: $12,870,319Net Assets 2013: $26,892,5272013Assets 2014: $38,800,827Liabilities 2014: $11,697,667Net Assets 2014: $27,103,1602014Assets 2015: $38,629,934Liabilities 2015: $11,788,199Net Assets 2015: $26,841,7352015Assets 2016: $37,495,775Liabilities 2016: $11,355,965Net Assets 2016: $26,139,8102016Assets 2017: $35,865,215Liabilities 2017: $10,797,315Net Assets 2017: $25,067,9002017Assets 2018: $35,925,256Liabilities 2018: $10,676,130Net Assets 2018: $25,249,1262018Assets 2019: $40,143,566Liabilities 2019: $11,156,475Net Assets 2019: $28,987,0912019Assets 2020: $44,478,951Liabilities 2020: $14,704,672Net Assets 2020: $29,774,2792020Assets 2021: $49,841,417Liabilities 2021: $11,347,673Net Assets 2021: $38,493,7442021Assets 2022: $52,993,681Liabilities 2022: $13,152,639Net Assets 2022: $39,841,0422022Assets 2023: $64,259,118Liabilities 2023: $19,534,798Net Assets 2023: $44,724,3202023Assets 2024: $73,532,810Liabilities 2024: $21,857,707Net Assets 2024: $51,675,1032024

Highlighted filing

2024

Assets$73,532,810
Liabilities$21,857,707
Net Assets$51,675,103

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$40M$30M$20M$10M$0-$10MExpenses 2010: $16,808,4212010Revenue 2011: $20,430,940Expenses 2011: $16,625,217Net Income 2011: $3,805,7232011Expenses 2012: $18,271,8222012Revenue 2013: $18,114,338Expenses 2013: $18,169,209Net Income 2013: -$54,8712013Revenue 2014: $18,245,317Expenses 2014: $18,811,727Net Income 2014: -$566,4102014Revenue 2015: $19,133,779Expenses 2015: $19,167,909Net Income 2015: -$34,1302015Revenue 2016: $19,665,237Expenses 2016: $20,221,899Net Income 2016: -$556,6622016Revenue 2017: $17,263,022Expenses 2017: $18,955,728Net Income 2017: -$1,692,7062017Revenue 2018: $19,160,637Expenses 2018: $19,297,995Net Income 2018: -$137,3582018Revenue 2019: $24,000,877Expenses 2019: $20,373,611Net Income 2019: $3,627,2662019Revenue 2020: $20,478,102Expenses 2020: $19,741,488Net Income 2020: $736,6142020Revenue 2021: $27,602,392Expenses 2021: $20,577,452Net Income 2021: $7,024,9402021Revenue 2022: $25,024,756Expenses 2022: $22,254,985Net Income 2022: $2,769,7712022Revenue 2023: $28,292,864Expenses 2023: $24,127,526Net Income 2023: $4,165,3382023Revenue 2024: $33,201,713Expenses 2024: $26,796,335Net Income 2024: $6,405,3782024

Highlighted filing

2024

Revenue$33,201,713
Expenses$26,796,335
Net Income$6,405,378

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$73.5$21.9$51.7$33.2$26.8$6.41
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$64.3$19.5$44.7$28.3$24.1$4.17
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$53.0$13.2$39.8$25.0$22.3$2.77
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$49.8$11.3$38.5$27.6$20.6$7.02
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$44.5$14.7$29.8$20.5$19.7$0.74
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$40.1$11.2$29.0$24.0$20.4$3.63
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$35.9$10.7$25.2$19.2$19.3$0.14
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$35.9$10.8$25.1$17.3$19.0$1.69
2016Detailed filing. Detailed filing data is available for this year.$37.5$11.4$26.1$19.7$20.2$0.56
2015Detailed filing. Detailed filing data is available for this year.$38.6$11.8$26.8$19.1$19.2$0.03
2014Detailed filing. Detailed filing data is available for this year.$38.8$11.7$27.1$18.2$18.8$0.57
2013Summary only. Only limited summary data is available for this year.$39.8$12.9$26.9$18.1$18.2$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$40.5$14.0$26.5$18.3
2011Summary only. Only limited summary data is available for this year.$42.1$17.7$24.3$20.4$16.6$3.81
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$46.8$26.2$20.6$16.8
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2016 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Dec 1, 2016
Return Version
2015v2.1
Gross Receipts
$19,951,833
Mission and Program Overview

Mission

To prepare students of academic and personal promise to meet with confidence, imagination and integrity the challenges of college and life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$25,691,252$25,380,330▼ $310,922
Investments Other Securities$7,076,642$7,030,421▼ $46,221
Cash and Non-Interest-Bearing Accounts$3,837,901$3,519,032▼ $318,869
Pledges and Grants Receivable$1,293,787$711,101▼ $582,686
Prepaid Expenses and Deferred Charges$285,508$361,806▲ $76,298
Inventories for Sale or Use$209,754$216,143▲ $6,389
Accounts Receivable$52,013$105,294▲ $53,281
Other Notes and Loans Receivable, Net$6,764$5,977▼ $787
Total Assets$38,629,934$37,495,775▼ $1,134,159
Other Assets Total$176,313$165,671▼ $10,642
Liabilities
Deferred Revenue$5,139,017$5,287,792▲ $148,775
Mortgage Notes Payable Secured by Investment Property$4,720,000$4,295,000▼ $425,000
Accounts Payable and Accrued Expenses$1,368,889$1,225,122▼ $143,767
Unsecured Notes Loans Payable$461,912$446,670▼ $15,242
Other Liabilities$98,381$101,381▲ $3,000
Total Liabilities$11,788,199$11,355,965▼ $432,234
Net Assets / Fund Balance
Unrestricted Net Assets$19,779,667$19,685,351▼ $94,316
Permanently Rstr Net Assets$5,106,464$4,879,422▼ $227,042
Temporarily Rstr Net Assets$1,955,604$1,575,037▼ $380,567
Total Net Assets Fund Balance$26,841,735$26,139,810▼ $701,925
Total Liabilities and Net Assets / Fund Balance$38,629,934$37,495,775▼ $1,134,159

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$19,054,269$16,634,280$35,688,549
Equipment$3,796,543$3,456,474$7,253,017
Other Land Buildings$1,682,531$1,512,207$3,194,738
Land$846,987-$846,987
Other Securities$7,030,421--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$9,209,014$590,117▲ $202,254$1,224,367$8,777,018
2014$8,587,142$1,647,420▼ $109,308$916,240$9,209,014
2013$7,949,221$678,277▲ $712,826$753,182$8,587,142
2012$8,103,201$716,063▲ $356,070$1,226,113$7,949,221
2011$9,765,415$3,963,482▼ $146,791$5,478,905$8,103,201
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mr Kef WilsonHead of SchoolFT$310,000$18,620$328,620
Mr Stephen KolmanUpper School PrincipalFT$168,331$8,630$176,961
Mrs Anne Marie ShumanLower School PrincipalFT$130,756$6,362$137,118
Mr Raymond KirkleyAthletic DirectorFT$128,359$4,838$133,197
Mr L Timothy KieneDirector of Finance & OperFT$123,804$6,180$129,984

Highest Paid Contractors

ContractorServicesLocationCompensation
Blue Cross Blue Shield Of GeorgiaInsurance2743 PERIMETER PKWY 100-375, Augusta, GA 30909$1,317,682
TiaaretirementBenefits8500 ANDREW CARNEGIE BLVD, Charlotte, NC 28262$1,278,886
Sage Dining Services INCFood Service1402 YORK ROAD SUITE 100, Lutherville, MD 21093$681,637
Sunbelt Asphalt Surfaces INCConstructionPO BOX 969, Auburn, GA 30011$467,777
Georgia PowerUtilities96 ANNEX, Atlanta, GA 30396$363,072
Revenue and Support

Revenue Composition

Contributions and Grants
$1,712,573
Program Service Revenue
$17,778,873
Investment Income
$173,791
Other Revenue
$0
Change in Net Assets
$-556,662

Audited Revenue Reconciliation

Revenue per Audited Statements
$19,665,237
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-145,263
Total Revenue per Audited Statements
$19,519,974
Total Revenue per Form 990
$19,665,237
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$20,221,899
Total Fundraising Expense$585,812
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$917,927$1,810,476$585,812$3,314,215
Other Expenses$1,958,676$3,902,453-$1,958,676
Depreciation Depletion$1,430,015--$1,430,015
Total Functional Expenses$13,923,158$5,712,929$585,812$20,221,899

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$20,221,899
Total Expenses per Audited Statements$20,221,899
Total Expenses per Form 990$20,221,899
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Fund$717,637---
Annex$229,460---
Total Events$1,712,573---
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Interest Rate Swap Contract$101,381

Bond Issues

BondIssuerIssuedIssue PricePurpose
ASavannah Economic Development Authority2007-04-15$22,500,000FACILITY CONSTRUCTION
BSavannah Economic Development Authority2011-09-01$3,570,000FACILITY CONSTRUCTION

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A----
B----

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

The audit and finance committees of the board of trustees review form 990 before it is filed to make sure all activities are accounted for appropriately and all information is accurate.

Form 990, Part VI, Section B, Line 12C

Each member of the board of trustees reviews and signs the conflict of interest policy each year.

Form 990, Part VI, Section B, Line 15

Review by the executive committee and the head of school.

Form 990, Part VI, Section C, Line 19

The governing documents, conflict of interest policy and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Savannah Country Day School Inc
EIN
58-0655290
Phone
9129258800
Address
824 STILLWOOD DRIVE, SAVANNAH, GA 31419

Signing Officer

Name
Timothy Kiene
Title
Chief Financial Officer
Phone
9129258800
Signed
2016-12-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Timothy Kiene
Formed
1955
Legal Domicile
Ga
Voting Board Members
20
Independent Board Members
20
Employees
356
Volunteers
230

Preparer

Firm
Holland Henry & Bromley Llp
Address
POST OFFICE BOX 8878, SAVANNAH, GA 31412
Preparer
S Stewart Bromley
Phone
9122353410
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Physical plant: program service expenses 0. Management and general expenses 1,810,476. Fundraising expenses 0. Total expenses 1,810,476. Other academic expenses: program service expenses 917,927. Management and general expenses 0. Fundraising expenses 0. Total expenses 917,927. Fundraising: program service expenses 0. Management and general expenses 0. Fundraising expenses 585,812. Total expenses 585,812.

FORM 990, PART XI, LINE 9:

Unrealized loss on interest rate swap contracts -3,000.

Form 990, Part XI, Line 2C

The process has not changed from the prior year.

Financial Statement Notes

PART V, LINE 4:

Board designated to be used for: operating reserve, technology reserve, pprsm reserve, transportation reserve, & technology replacement reserve. Perm endowment is to be held in endowment trust. Perm restricted income to be used for financial aid and operations. Temp endowment to be used for new building construction, scholarships, lectures, and other.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Unrealized gain/(loss) on interest rate swap contract

Raw XML AppendixShowing 400 of 755 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
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IRS990/AccountsReceivableGrp/EOYAmt0105294
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PREPARE STUDENTS OF ACADEMIC AND PERSONAL PROMISE TO MEET WITH CONFIDENCE, IMAGINATION AND INTEGRITY THE CHALLENGES OF COLLEGE AND LIFE.
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IRS990/BooksInCareOfDetail/PhoneNum09129258800
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0824 STILLWOOD DRIVE
IRS990/BooksInCareOfDetail/USAddress/CityNm0SAVANNAH
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IRS990/Form990PartVIISectionAGrp/PersonNm5MR EDWIN BYCK
IRS990/Form990PartVIISectionAGrp/PersonNm6DR DAVID CARNEY
IRS990/Form990PartVIISectionAGrp/PersonNm7MRS CHRISTINE CHENG
IRS990/Form990PartVIISectionAGrp/PersonNm8MR STEVEN CHICK
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IRS990/Form990PartVIISectionAGrp/PersonNm11MRS KATHLEEN HARLANDER
IRS990/Form990PartVIISectionAGrp/PersonNm12MR JOHN HELMKEN II
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