Civic Intelligence

Miami Country Day School Inc.

990 • Fiscal year 2014 • EIN 59-1278987

Jul 01, 2013 to Jun 30, 2014 • Filed on Nov 12, 2014

601 NE 107 St33161

(305) 779-7200

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

55th percentile

0.36x

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

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Liabilities / Revenue

61st percentile

0.64x

Higher debt load relative to revenue than 61% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Net Margin

70th percentile

13%

Higher net margin than 70% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Top Officer Pay

62nd percentile

$403,292

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 1.1% of source-year revenue.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Asset Growth

85th percentile

18%

Faster asset growth than 85% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2013 to 2014

Revenue Growth

70th percentile

13%

Faster revenue growth than 70% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2013 to 2014

Assets

Up

$62,349,295

Up $9,622,036 (+18%) from 2013

Net Assets

Up

$39,798,327

Up $4,773,463 (+14%) from 2013

Liabilities

Up

$22,550,968

Up $4,848,573 (+27%) from 2013

Revenue

Up

$35,256,126

Up $4,071,057 (+13%) from 2013

Expenses

Up

$30,716,862

Up $2,537,691 (+9.0%) from 2013

Net Income

Up

$4,539,264

Up $1,533,366 (+51%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300M$200M$100M$0Assets 2011: $41,224,756Liabilities 2011: $10,794,257Net Assets 2011: $30,430,4992011Assets 2012: $47,280,250Liabilities 2012: $16,145,473Net Assets 2012: $31,134,7772012Assets 2013: $52,727,259Liabilities 2013: $17,702,395Net Assets 2013: $35,024,8642013Assets 2014: $62,349,295Liabilities 2014: $22,550,968Net Assets 2014: $39,798,3272014Assets 2015: $72,878,682Liabilities 2015: $28,263,257Net Assets 2015: $44,615,4252015Assets 2016: $89,024,445Liabilities 2016: $38,422,730Net Assets 2016: $50,601,7152016Assets 2017: $108,759,275Liabilities 2017: $52,189,234Net Assets 2017: $56,570,0412017Assets 2018: $113,920,160Liabilities 2018: $52,356,718Net Assets 2018: $61,563,4422018Assets 2019: $118,290,067Liabilities 2019: $53,297,142Net Assets 2019: $64,992,9252019Assets 2020: $120,183,041Liabilities 2020: $53,142,431Net Assets 2020: $67,040,6102020Assets 2021: $132,305,093Liabilities 2021: $56,544,080Net Assets 2021: $75,761,0132021Assets 2022: $145,288,865Liabilities 2022: $68,609,681Net Assets 2022: $76,679,1842022Assets 2023: $150,829,873Liabilities 2023: $73,173,787Net Assets 2023: $77,656,0862023Assets 2024: $202,147,586Liabilities 2024: $111,322,196Net Assets 2024: $90,825,3902024Assets 2025: $233,610,777Liabilities 2025: $119,929,556Net Assets 2025: $113,681,2212025

Highlighted filing

2014

Assets$62,349,295
Liabilities$22,550,968
Net Assets$39,798,327

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$100M$50M$0-$50MExpenses 2011: $21,624,9902011Expenses 2012: $23,778,5292012Revenue 2013: $31,185,069Expenses 2013: $28,179,171Net Income 2013: $3,005,8982013Revenue 2014: $35,256,126Expenses 2014: $30,716,862Net Income 2014: $4,539,2642014Revenue 2015: $39,645,169Expenses 2015: $34,910,718Net Income 2015: $4,734,4512015Revenue 2016: $43,195,977Expenses 2016: $38,085,360Net Income 2016: $5,110,6172016Revenue 2017: $47,532,338Expenses 2017: $40,421,646Net Income 2017: $7,110,6922017Revenue 2018: $48,879,713Expenses 2018: $44,468,102Net Income 2018: $4,411,6112018Revenue 2019: $51,010,162Expenses 2019: $46,875,367Net Income 2019: $4,134,7952019Revenue 2020: $51,301,714Expenses 2020: $48,324,379Net Income 2020: $2,977,3352020Revenue 2021: $52,562,056Expenses 2021: $46,472,037Net Income 2021: $6,090,0192021Revenue 2022: $59,451,765Expenses 2022: $54,221,876Net Income 2022: $5,229,8892022Revenue 2023: $62,471,069Expenses 2023: $62,507,513Net Income 2023: -$36,4442023Revenue 2024: $80,393,693Expenses 2024: $69,970,229Net Income 2024: $10,423,4642024Revenue 2025: $97,515,189Expenses 2025: $76,752,066Net Income 2025: $20,763,1232025

Highlighted filing

2014

Revenue$35,256,126
Expenses$30,716,862
Net Income$4,539,264
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Nov 12, 2014
Return Version
2013v3.1
Gross Receipts
$35,256,126
Mission and Program Overview

Mission

Miami country day school's mission is to educate children from junior kindergarten through 12th grade.

Education of children from junior kindergarten through 12th grade.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$34,555,869$35,818,776▲ $1,262,907
Cash and Non-Interest-Bearing Accounts$10,361,192$15,457,888▲ $5,096,696
Investments in Publicly Traded Securities$647,688$5,094,558▲ $4,446,870
Pledges and Grants Receivable$1,797,897$3,583,008▲ $1,785,111
Prepaid Expenses and Deferred Charges$664,322$901,506▲ $237,184
Savings and Temporary Cash Investments$3,631,466$307,138▼ $3,324,328
Inventories for Sale or Use$41,929$53,734▲ $11,805
Accounts Receivable$12,584$19,604▲ $7,020
Other Notes and Loans Receivable, Net$3,335--
Total Assets$52,727,259$62,349,295▲ $9,622,036
Other Assets Total$1,010,977$1,113,083▲ $102,106
Liabilities
Deferred Revenue$15,274,067$17,837,104▲ $2,563,037
Mortgage Notes Payable Secured by Investment Property-$2,841,607-
Accounts Payable and Accrued Expenses$2,428,328$1,872,257▼ $556,071
Total Liabilities$17,702,395$22,550,968▲ $4,848,573
Net Assets / Fund Balance
Unrestricted Net Assets$29,152,241$30,723,451▲ $1,571,210
Permanently Rstr Net Assets$4,006,759$4,831,192▲ $824,433
Temporarily Rstr Net Assets$1,865,864$4,243,684▲ $2,377,820
Total Net Assets Fund Balance$35,024,864$39,798,327▲ $4,773,463
Total Liabilities and Net Assets / Fund Balance$52,727,259$62,349,295▲ $9,622,036

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$19,587,171$6,427,761$26,014,932
Leasehold Improvements$9,648,151$3,002,844$12,650,995
Equipment$2,196,534$4,751,560$6,948,094
Other Land Buildings$2,178,935$2,263,047$4,441,982
Land$2,207,985-$2,207,985

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$5,899,296$725,458▲ $150,360-$6,775,114
2012$5,398,957$478,541▲ $21,798-$5,899,296
2011$5,192,328$160,093▲ $46,536-$5,398,957
2010$4,884,588$279,488▲ $66,058-$5,192,328
2009$4,836,652$50,039▲ $53,014-$4,884,588
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
John DaviesHead of SchoFT$374,428$28,864$403,292
John DaviesHead of School-$374,428$28,864$403,292
Gary ButtsCOOFT$201,654$20,033$221,687
Bruce TabatchnickDirector of LeadeFT$148,538$9,616$158,154
Bruce TabatchnickDirector of Leadership-$148,538$9,616$158,154
Steve MathesDirector of MiddlFT$112,256$13,688$125,944
Martha AllenDirector of ColleFT$109,149$13,540$122,689
Gary CulberstonDean of FacuFT$103,423$13,078$116,501
Jenny KnightDirector of LowerFT$101,245$13,099$114,344

Board Members and Trustees

NameTitle
Anne PaulkPresident
Christopher BellowsPresident-el
Evan BergerDirector
Fredric KarltonDirector
Gerald MooreDirector
Javier HoltzDirector
Karleen HalliwellDirector
Kevin KingDirector
Lawrence M Stanfill DdsDirector
Mark PiperDirector
Matthias NixdorfDirector
Melanie Ink BroekerDirector
Michael ChaviesDirector
Sean ClancyDirector
Sol SaadDirector
Terry JoveDirector
Howard Premer1st Vice Pre
James W Moore2nd Vice Pre
Debi BeasleyAssistant Se
Matthew Whitman LazenbySecretary
John F FarreyTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Sage DiningFood Catering-$1,038,524
Service KeepersMaintenance-$880,682
Kent SecuritySecurity-$401,738
Technology InnovatorsIt Services-$317,644
Miami Shores Village PoliceSecurity-$168,876
Revenue and Support

Revenue Composition

Contributions and Grants
$4,053,347
Program Service Revenue
$31,076,923
Investment Income
$41,292
Other Revenue
$84,564
All Other Contributions
$4,053,347
Change in Net Assets
$4,539,264

Audited Revenue Reconciliation

Revenue per Audited Statements
$35,256,126
Revenue Not Reported on Form 990
$-3,259,574
Total Revenue per Audited Statements
$31,996,552
Total Revenue per Form 990
$35,256,126
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$15,103,965
Other Expenses$12,119,124
Grants and Similar Amounts Paid$3,493,773
Total Fundraising Expense$780,451
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$9,132,553$2,258,751$404,952$11,796,256
Grants to Domestic Individuals$3,493,773--$3,493,773
Depreciation Depletion$2,730,890--$2,730,890
Occupancy$1,935,822--$1,935,822
All Other Expenses$748,714$854,201$223,224$1,826,139
Other Employee Benefits$725,478$347,643$29,802$1,102,923
Fees for Services Other$485,759$472,675$20,767$979,201
Payroll Taxes$700,270$208,053$29,803$938,126
Insurance$82,943$798,252-$881,195
Information Technology$136,612$642,906-$779,518
Pension Plan Contributions$493,740$204,614$23,130$721,484
Current Officers, Directors, Trustees, and Key Employees$545,176--$545,176
Other Expenses$34,253$198,659$40,474$232,912
Fees for Services Legal-$128,111-$128,111
Travel$102,279$23,713$21$126,013
Advertising$53,959$42,960$1,265$98,184
Fees for Services Accounting-$74,155-$74,155
Conferences and Meetings$20,341$30,856$7,013$58,210
Interest-$16,475-$16,475
Total Functional Expenses$23,530,768$6,405,643$780,451$30,716,862

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$30,716,862
Total Expenses per Form 990$30,716,862
Total Expenses per Audited Statements$27,223,089
Expenses Not Reported on Form 990$-3,493,773
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Terry JoveTrusteeInsurance ServiceNo$432,476
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
Yes
Business relationship with organization members
Yes
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, Page 6, Part VI, Line 2

Mark piper sheryl piper trustee employee husband/wife

Form 990, Page 6, Part VI, Line 11B

The form 990 was provided to the audit committee of the board of trustees for review, prior to filing.

Form 990, Page 6, Part VI, Line 12C

Faculty and administrative staff signs employment contract annually and are required to disclosed any conflicts of interest.

Form 990, Page 6, Part VI, Line 15A

The school hired an independent company to review salaries paid by comparable schools.

Form 990, Page 6, Part VI, Line 15B

Salaries paid to other officers and/or key employees were determined and approved by the board of trustees.

Form 990, Page 6, Part VI, Line 19

The school makes its governing documents, conflict of interest policy, and financial statements available to the public upon receipt of written request.

Filing and Contact Details

Filer

EIN
59-1278987
Phone
3057797200

Signing Officer

Name
Gary Butts
Title
COO
Phone
3057797200
Signed
2014-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gary Butts
Formed
1978
Legal Domicile
Fl
Voting Board Members
21
Independent Board Members
21
Employees
381
Volunteers
200

Preparer

Preparer
Octavio a Verdeja
Phone
3054463177
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Financial aid -3,493,773 financial aid 3,493,773

Financial Statement Notes

Schedule D, Page 3, Part X

The school is exempt from income tax under section 501(c)(3) of the internal revenue code and therefore, has made no provision for federal income taxes in the accompanying financial statements. In addition, the school qualifies for the charitable contribution deduction under section 170 (b)(1)(a) and has been classified as an organization other than a private foundation under section 509 (a)(2). There are no reserves held for uncertain tax positions at june 30, 2014. Tax years that are open under the statute of limitations remain subject to examination by the irs. The school is generally no longer subject to u.s. Federal or state examinations by tax authorities for years before 2011.

Schedule D, Page 4, Part XI, Line 2D

FINANCIAL AID -3,493,773

Schedule D, Page 4, Part XII, Line 2D

FINANCIAL AID -3,493,773

Raw XML AppendixShowing 400 of 753 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.

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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$234$120$114$97.5$76.8$20.8
2024Detailed filing. Detailed filing data is available for this year.$202$111$90.8$80.4$70.0$10.4
2023Detailed filing. Detailed filing data is available for this year.$151$73.2$77.7$62.5$62.5$0.04
2022Detailed filing. Detailed filing data is available for this year.$145$68.6$76.7$59.5$54.2$5.23
2021Detailed filing. Detailed filing data is available for this year.$132$56.5$75.8$52.6$46.5$6.09
2020Detailed filing. Detailed filing data is available for this year.$120$53.1$67.0$51.3$48.3$2.98
2019Detailed filing. Detailed filing data is available for this year.$118$53.3$65.0$51.0$46.9$4.13
2018Detailed filing. Detailed filing data is available for this year.$114$52.4$61.6$48.9$44.5$4.41
2017Detailed filing. Detailed filing data is available for this year.$109$52.2$56.6$47.5$40.4$7.11
2016Detailed filing. Detailed filing data is available for this year.$89.0$38.4$50.6$43.2$38.1$5.11
2015Detailed filing. Detailed filing data is available for this year.$72.9$28.3$44.6$39.6$34.9$4.73
2014Detailed filing. Detailed filing data is available for this year.$62.3$22.6$39.8$35.3$30.7$4.54
2013Summary only. Only limited summary data is available for this year.$52.7$17.7$35.0$31.2$28.2$3.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$47.3$16.1$31.1$23.8
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$41.2$10.8$30.4$21.6