Mccallie School Inc
- Assets
- $252.0m
- Revenue
- $79.4m
- Investments
- $41.0m
- Employees
- 561
- 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 06/2023, Mccallie School Inc employed 561 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.
Form
990
Mission & Program ActivityExcerpts From the 990 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:
Part 3 - Line 4a
MCCALLIE PROVIDED 978 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.
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 |
|---|---|---|---|
A Lee Burns III Head Of School | Officer | 40 | $598,702 |
Kenneth A Sholl Assistant Head Of School | Officer | 40 | $257,330 |
Steven B Hearn VP For Advancement | Officer | 40 | $244,214 |
Elizabeth A Wilson Chief Financial Officer | Officer | 40 | $188,301 |
Andrew C Hirt Dean Of Enrollment Management | Officer | 40 | $178,314 |
Scotty L Jones Middle School Principal | 40 | $129,587 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Blackberry Farm Llc Lodging | 6/29/23 | $108,148 |
Cambridge Associates Llc Investment Advisors | 6/29/23 | $225,000 |
Tkc Management Services Physical Plant Mgmt | 6/29/23 | $2,886,581 |
Sodexo Inc Affiliates Dining Services | 6/29/23 | $2,754,803 |
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 |
|---|---|
NATIONAL CENTER FOR THE DEVELOPMENT OF BOYS | | | $24,000 |
COMMUNITY FOUNDATION OF GREATER CHATTANOOGA | | | $12,000 |