Boyd - Buchanan School
- Assets
- $17.2m
- Revenue
- $14.4m
- Investments
- $3.9m
- Employees
- 275
- Location
- Chattanooga, TN
- Founding
- 03/1957
- Data as of
- 06/2022
- EIN
- 62-0518286
Organization Overview
Boyd - Buchanan School is located in Chattanooga, TN. The organization was established in 1957. 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, Boyd - Buchanan School employed 275 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boyd - Buchanan School 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, Boyd - Buchanan School generated $14.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $12.9m during the year ending 06/2022. While expenses have increased by 7.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE SCHOOL'S MISSION IS TO PROVIDE A CLIMATE THAT STIMULATES INTELLECTUAL, PHYSICAL AND SOCIAL GROWTH WHILE OFFERING AN ADDED DIMENSION TO EACH CHILD'S DEVELOPMENT; SPIRITUAL TRAINING CENTERED AROUND BIBLICAL TEACHINGS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KINDERGARTEN, ELEMENTARY, MIDDLE AND HIGH SCHOOL EDUCATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jill Hartness Former Head Of School | 0 | $161,791 | |
Bobby Golden Past Chairman | OfficerTrustee | 0.5 | $0 |
Drjason Robertson Chairman | OfficerTrustee | 2 | $0 |
Linda Jarrett Secretary | OfficerTrustee | 0.5 | $0 |
Drrenee Murley Vice Chairman | OfficerTrustee | 0.5 | $0 |
Rachel Hatchett Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Turf Of America Llc Construction Projects | 6/29/22 | $1,136,200 |
Mpl Construction Company Construction Projects | 6/29/22 | $1,026,055 |
Fresh Ideas Food Service Management Cafeteria Service | 6/29/22 | $903,136 |
Certified Maintenance Services Janitorial | 6/29/22 | $239,880 |
Sessions Mechanical Llc Repairs & Maintenance | 6/29/22 | $129,245 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $162,659 |
| Related organizations | $0 |
| Government grants | $26,409 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,739,043 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,928,111 |
| Total Program Service Revenue | $12,249,522 |
| Investment income | $68,959 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $15,600 |
| Net Gain/Loss on Asset Sales | $121,666 |
| Net Income from Fundraising Events | -$38,319 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $60,348 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,405,887 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $128,521 |
| Compensation of current officers, directors, key employees. | $96,391 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,536,727 |
| Pension plan accruals and contributions | $269,347 |
| Other employee benefits | $354,081 |
| Payroll taxes | $467,125 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $33,748 |
| Fees for services: Accounting | $33,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,597 |
| Fees for services: Other | $63,505 |
| Advertising and promotion | $28,317 |
| Office expenses | $841,681 |
| Information technology | $123,582 |
| Royalties | $0 |
| Occupancy | $424,542 |
| Travel | $68,847 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $36,420 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $490,378 |
| Insurance | $129,036 |
| All other expenses | $608,133 |
| Total functional expenses | $12,866,780 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $997,724 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $196,586 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $161,467 |
| Prepaid expenses and deferred charges | $108,107 |
| Net Land, buildings, and equipment | $11,801,144 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,934,410 |
| Investments—program-related | $0 |
| Intangible assets | $310 |
| Other assets | $6,215 |
| Total assets | $17,205,963 |
| Accounts payable and accrued expenses | $129,383 |
| Grants payable | $0 |
| Deferred revenue | $1,261,973 |
| 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 | $1,069,931 |
| Unsecured mortgages and notes payable | $150,000 |
| Other liabilities | $117,270 |
| Total liabilities | $2,728,557 |
| Net assets without donor restrictions | $12,943,228 |
| Net assets with donor restrictions | $1,534,178 |
| 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 | $17,205,963 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Boyd - Buchanan School has recieved totaling $65,333.
| Awarding Organization | Amount |
|---|---|
The Community Foundation Of Western North Carolina Inc Asheville, NC PURPOSE: IMPROVING EDUCATIONAL OPPORTUNITIES | $50,000 |
Chattanooga Christian Community Foundation Chattanooga, TN PURPOSE: IN FURTHERANCE OF FOUNDATION'S PURPOSES | $15,250 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $83 |
Endowment Analysis
| Beg. Balance | $3,687,968 |
| Earnings | $157,243 |
| Admin Expense | $425 |
| Other Expense | $84,662 |
| Ending Balance | $3,760,124 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Mary Institute And Saint Louis Country Day School St Louis, MO | $240,203,179 | $40,528,498 |
Charlotte Latin Schools Inc Charlotte, NC | $136,686,590 | $47,461,290 |
Greater Atlanta Christian Schools Inc Norcross, GA | $104,910,212 | $44,897,863 |
Confluence Academy St Louis, MO | $36,687,360 | $48,180,498 |
Pembroke Hill School Kansas City, MO | $163,708,613 | $51,122,329 |
Pace Academy Inc Atlanta, GA | $185,935,585 | $47,968,638 |
Ravenscroft School Inc Raleigh, NC | $81,090,288 | $36,426,897 |
Durham Academy Inc Durham, NC | $115,235,784 | $38,768,231 |
Purpose Built Schools Atlanta Inc Atlanta, GA | $15,990,097 | $34,651,857 |