Hutchison School
- Assets
- $51.1m
- Revenue
- $24.0m
- Investments
- $0.0
- Employees
- 247
- Location
- Memphis, TN
- Founding
- 08/1957
- Data as of
- 06/2021
- EIN
- 62-0540400
Organization Overview
Hutchison School is located in Memphis, 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, Hutchison School employed 247 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hutchison 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 06/2021, Hutchison School generated $24.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $21.5m during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HUTCHISON SCHOOL PROVIDES PRE-KINDERGARTEN AND KINDERGARTEN CLASSES AS WELL AS CLASSES FOR GRADES 1 - 12.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Megan Wellford Grinder Chairman | OfficerTrustee | 2 | $0 |
William W Deupree III Vice Chairman | OfficerTrustee | 2 | $0 |
William Tayloe Treasurer | OfficerTrustee | 2 | $0 |
Edward J Dobbs Secretary | OfficerTrustee | 2 | $0 |
Emily Bryce Bowie Trustee | Trustee | 1 | $0 |
Jenny Carter Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sage Dining Services Inc Food Services | 6/29/22 | $785,424 |
Blackbaud Enterprise Software Provider | 6/29/22 | $200,924 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,899,097 |
| Investment income | $402,761 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $13,200 |
| Net Gain/Loss on Asset Sales | $654,675 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $82,662 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,021,872 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $1,713,913 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $457,529 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,051,854 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,282,820 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,000 |
| Fees for services: Other | $309,238 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,223,878 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $437,699 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,836,359 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $21,543,762 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,800 |
| Savings and temporary cash investments | $4,969,074 |
| Pledges and grants receivable | $622,036 |
| Accounts receivable, net | $348,996 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $200,387 |
| Prepaid expenses and deferred charges | $70,178 |
| Investments—publicly traded securities | $23,641,565 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $646,185 |
| Total assets | $51,078,822 |
| Accounts payable and accrued expenses | $932,953 |
| Grants payable | $0 |
| Deferred revenue | $7,158,826 |
| 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 | $13,820,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $118,377 |
| Total liabilities | $22,030,156 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $29,048,666 |