Presbyterian Day School
- Assets
- $28.2m
- Revenue
- $14.5m
- Investments
- $0.0
- Employees
- 168
- Location
- Memphis, TN
- Founding
- 05/1970
- Data as of
- 07/2023
- EIN
- 62-0811568
Organization Overview
Presbyterian Day School is located in Memphis, TN. The organization was established in 1970. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 07/2023, Presbyterian Day School employed 168 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Presbyterian Day 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 07/2023, Presbyterian Day School generated $14.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $12.9m during the year ending 07/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PRIVATE PRESCHOOL AND ELEMENTARY SCHOOL EDUCATING AND DEVELOPING BOYS IN WISDOM, STATURE, AND FAVOR WITH GOD AND MEN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION SERVICES FOR PRE-K THROUGH 6TH GRADE FOR APPROXIMATELY 500 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James D Witherington Chairman | Trustee | 1 | $0 |
Denny Catalano Trustee | Trustee | 1 | $0 |
Ali Chambers Trustee | Trustee | 1 | $0 |
Erika Madlock Conley Trustee | Trustee | 1 | $0 |
Rev Michael Davis Trustee | Trustee | 1 | $0 |
Chip Dickinson Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Second Presbyterian Church Maintenance | 7/30/20 | $498,256 |
Corporate Planning Network Fsa And Hsa | 7/30/20 | $205,443 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,656,860 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,376,307 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,033,167 |
| Total Program Service Revenue | $11,165,361 |
| Investment income | $145,242 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,570 |
| Net Income from Fundraising Events | $133,405 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,474,605 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,207,290 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $342,740 |
| Other salaries and wages | $6,597,711 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $779,233 |
| Payroll taxes | $504,658 |
| 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 | $10,108 |
| Fees for services: Other | $28,971 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $122,744 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $665,967 |
| Insurance | $96,199 |
| All other expenses | $280,095 |
| Total functional expenses | $12,909,367 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,751,933 |
| Savings and temporary cash investments | $2,584,927 |
| Pledges and grants receivable | $889,268 |
| Accounts receivable, net | $4,781,159 |
| Loans from Officers, Directors, or Controlling Persons | $20,000 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $95,054 |
| Net Land, buildings, and equipment | $12,965,870 |
| Investments—publicly traded securities | $3,026,511 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $109,072 |
| Total assets | $28,223,794 |
| Accounts payable and accrued expenses | $248,775 |
| Grants payable | $0 |
| Deferred revenue | $9,429,640 |
| Tax-exempt bond liabilities | $3,040,907 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $108,855 |
| Total liabilities | $12,828,177 |
| Net assets without donor restrictions | $13,271,496 |
| Net assets with donor restrictions | $2,124,121 |
| 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 | $28,223,794 |