Presbyterian Day School
- Assets
- $26.4m
- Revenue
- $10.7m
- Investments
- $0.0
- Employees
- 98
- Location
- Memphis, TN
- Founding
- 05/1970
- Data as of
- 07/2021
- 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 07/2021, Presbyterian Day School employed 98 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 07/2021, Presbyterian Day School generated $10.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $11.8m during the year ending 07/2021. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 6 years. 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
PRIVATE PRESCHOOL AND ELEMENTARY SCHOOL EDUCATING AND DEVELOPING BOYS IN WISDOM, STATURE AND FAVOR WITH GOD AND MAN.
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 |
|---|---|---|---|
Stephen E Hancock Headmaster ( | Officer | 40 | $161,987 |
Jill Kauffman CFO (past) | Officer | 40 | $159,783 |
Lewis Mckee Humphreys Director Dev | 40 | $145,333 | |
Dennis Smith Director Ath | 40 | $144,626 | |
Mark E Fruitt Principal | 40 | $143,214 | |
Laura Glenn Head Of Elem | 40 | $111,589 |
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 |
Corporate Planning Network Fsa And Hsa | 7/30/20 | $205,443 |
Second Presbyterian Church Maintenance | 7/30/20 | $498,256 |
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 | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $983,805 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $983,805 |
| Total Program Service Revenue | $9,509,414 |
| Investment income | $62,382 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $79,528 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,651,636 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,472,434 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $321,770 |
| Compensation of current officers, directors, key employees. | $48,194 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,775,366 |
| Pension plan accruals and contributions | $176,000 |
| Other employee benefits | $462,478 |
| Payroll taxes | $437,269 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,312 |
| Fees for services: Accounting | $21,556 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,751 |
| Advertising and promotion | $21,385 |
| Office expenses | $61,896 |
| Information technology | $133,902 |
| Royalties | $0 |
| Occupancy | $278,025 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $96,267 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $868,298 |
| Insurance | $80,389 |
| All other expenses | $123,635 |
| Total functional expenses | $11,751,239 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $294,482 |
| Savings and temporary cash investments | $4,560,900 |
| Pledges and grants receivable | $179,568 |
| Accounts receivable, net | $4,332,245 |
| Loans from Officers, Directors, or Controlling Persons | $60,000 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $101,430 |
| Net Land, buildings, and equipment | $13,509,582 |
| Investments—publicly traded securities | $3,385,895 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $529 |
| Total assets | $26,424,631 |
| Accounts payable and accrued expenses | $164,470 |
| Grants payable | $0 |
| Deferred revenue | $8,886,364 |
| Tax-exempt bond liabilities | $3,179,571 |
| 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 | $163,401 |
| Total liabilities | $12,393,806 |
| Net assets without donor restrictions | $14,030,825 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $26,424,631 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Presbyterian Day School has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Brinkley Foundation Memphis, TN PURPOSE: CHARITABLE | $5,000 |
Press On Foundation Tr Ponte Vedra, FL PURPOSE: EDUCATIONAL | $5,000 |
Endowment Analysis
| Beg. Balance | $1,532,981 |
| Earnings | $448,773 |
| Net Contributions | $2,000 |
| Ending Balance | $1,983,664 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ensworth School Nashville, TN | $203,625,309 | $44,175,360 |
Freedom Preparatory Academy Inc Memphis, TN | $50,857,494 | $33,295,008 |
Cannon School Inc Concord, NC | $52,291,449 | $28,580,834 |
Thales Academy Raleigh, NC | $136,454,160 | $55,473,682 |
Mt Paran Christian School Inc Kennesaw, GA | $56,928,804 | $29,889,603 |
Franklin Road Academy Inc Nashville, TN | $58,128,778 | $31,046,189 |
Brentwood Academy Inc Brentwood, TN | $50,379,157 | $25,930,047 |
Lake Norman Charter School Inc Huntersville, NC | $64,551,351 | $25,126,213 |
Greensboro Independent School Corporation Greensboro, NC | $42,520,891 | $22,760,621 |
Jackson Academy Inc Jackson, MS | $38,072,523 | $26,664,882 |
Trinity School Inc Atlanta, GA | $133,203,671 | $25,058,941 |
Carolina Day School Inc Asheville, NC | $29,412,889 | $19,874,947 |