Mccallie School Inc
- Assets
- $252.0m
- Revenue
- $79.4m
- Investments
- $41.0m
- Employees
- 551
- Location
- Chattanooga, TN
- Founding
- 09/1938
- Data as of
- 06/2022
- EIN
- 62-0475837
Organization Overview
Mccallie School Inc is located in Chattanooga, TN. The organization was established in 1938. 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 06/2022, Mccallie School Inc employed 551 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mccallie 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 06/2022, Mccallie School Inc generated $79.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $50.3m during the year ending 06/2022. While expenses have increased by 3.9% per year over the past 7 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.
Since 2018, Mccallie School Inc has awarded 13 individual grants totaling $169,400. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
FOR THE CONDUCT OF A PRIVATE DAY AND BOARDING SCHOOL SERVING BOYS IN GRADES 6-12.
Describe the Organization's Program Activity:
MCCALLIE PROVIDED 949 STUDENTS IN 6TH THROUGH 12TH GRADES WITH EDUCATIONAL AND ACADEMIC SERVICES. BOARDING AND DAY STUDENTS PARTICIPATE IN OVER 40 STUDENT-CENTERED ORGANIZATIONS AND AN OUTSTANDING ARRAY OF EXTRA-CURRICULAR ACTIVITIES. THESE INCLUDE NATIONALLY RECOGNIZED PROGRAMS IN ATHLETICS, IN THE ARTS, AND COMMUNITY SERVICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
A Lee Burns III Head Of School | Officer | 40 | $580,144 |
Kenneth A Sholl Assistant Head Of School | Officer | 40 | $248,694 |
Steven B Hearn VP For Advancement | Officer | 40 | $238,654 |
Elizabeth A Wilson Chief Financial Officer | Officer | 40 | $170,355 |
Craig A Ingvalson Director Of Strategic Planning | 40 | $151,372 | |
Ralph J Potter Head Football Coach | 40 | $145,837 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cambridge Associates Llc Investment Advisors | 6/29/22 | $168,750 |
Hgh Construction Llc Construction | 6/29/22 | $220,000 |
Tu Parks Construction Company Construction | 6/29/22 | $251,872 |
Tkc Management Services Physical Plant Mgmt | 6/29/22 | $2,812,414 |
Sodexo Inc Affiliates Dining Services | 6/29/22 | $2,275,506 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $104,600 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,079,449 |
| Noncash contributions included in lines 1a–1f | $1,827,237 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,184,049 |
| Total Program Service Revenue | $40,543,266 |
| Investment income | $3,385,382 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $39,550 |
| Net Gain/Loss on Asset Sales | $25,082,151 |
| Net Income from Fundraising Events | $73,077 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $37,929 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $79,356,942 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $14,600 |
| Grants and other assistance to domestic individuals. | $11,239,523 |
| Grants and other assistance to Foreign Orgs/Individuals | $919,030 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,652,528 |
| Compensation of current officers, directors, key employees. | $600,677 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,256,161 |
| Pension plan accruals and contributions | $1,135,365 |
| Other employee benefits | $4,074,521 |
| Payroll taxes | $1,109,682 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $28,485 |
| Fees for services: Accounting | $59,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $229,771 |
| Fees for services: Other | $4,221,169 |
| Advertising and promotion | $311,991 |
| Office expenses | $527,230 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,482,427 |
| Travel | $630,602 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $796,243 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,586,244 |
| Insurance | $472,742 |
| All other expenses | $95,845 |
| Total functional expenses | $50,273,393 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,619,741 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $7,764,991 |
| Accounts receivable, net | $4,677,940 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $46,609 |
| Inventories for sale or use | $176,474 |
| Prepaid expenses and deferred charges | $1,807,307 |
| Net Land, buildings, and equipment | $72,180,611 |
| Investments—publicly traded securities | $105,658,801 |
| Investments—other securities | $40,973,751 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,048,274 |
| Total assets | $251,954,499 |
| Accounts payable and accrued expenses | $2,605,384 |
| Grants payable | $0 |
| Deferred revenue | $4,831,925 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $31,197,397 |
| Unsecured mortgages and notes payable | $118,933 |
| Other liabilities | $3,345,627 |
| Total liabilities | $42,099,266 |
| Net assets without donor restrictions | $113,373,630 |
| Net assets with donor restrictions | $96,481,603 |
| 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 | $251,954,499 |
Grants Awarded
Over the last fiscal year, Mccallie School Inc has awarded $36,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Chattanooga, TN | | $24,000 |
Chattanooga, TN | | $12,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Mccallie School Inc has recieved totaling $51,000.
| Awarding Organization | Amount |
|---|---|
Betty A And James B Williams Foundation Inc Atlanta, GA PURPOSE: CHARITABLE | $50,000 |
Organization Name not Listed PURPOSE: GENERAL SUPPORT | | $1,000 |
Endowment Analysis
| Beg. Balance | $171,826,136 |
| Earnings | -$19,447,951 |
| Net Contributions | $4,514,624 |
| Other Expense | $7,435,086 |
| Grants | $1,911,853 |
| Ending Balance | $147,545,870 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Principia Corporation St Louis, MO | $1,121,774,918 | $256,921,200 |
Woodward Academy Inc College Park, GA | $297,987,009 | $85,209,091 |
Westminster Schools Inc Atlanta, GA | $596,739,021 | $99,709,851 |
Imagine Schools Non-Profit Inc Vienna, VA | $161,309,849 | $62,482,447 |
Lovett School Atlanta, GA | $255,570,564 | $63,708,553 |
The East Coast Migrant Head Start Project Raleigh, NC | $15,412,919 | $60,635,891 |
Charlotte Country Day School Charlotte, NC | $226,176,676 | $57,558,870 |
Collegiate School Richmond, VA | $158,195,585 | $59,848,503 |
Mccallie School Inc Chattanooga, TN | $251,954,499 | $79,356,942 |
Potomac School Mclean, VA | $225,192,195 | $49,665,882 |
Providence Day School Charlotte, NC | $110,524,658 | $50,140,053 |
Flint Hill School Oakton, VA | $94,406,099 | $45,449,765 |