University Of Nashville Montgomery Bell Academy
- Assets
- $303.4m
- Revenue
- $41.7m
- Investments
- $28.6m
- Employees
- 113
- Location
- Nashville, TN
- Founding
- 09/1950
- Data as of
- 06/2021
- EIN
- 62-0513741
Organization Overview
University Of Nashville Montgomery Bell Academy is located in Nashville, TN. The organization was established in 1950. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2022, University Of Nashville Montgomery Bell Academy employed 113 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Nashville Montgomery Bell Academy 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, University Of Nashville Montgomery Bell Academy generated $41.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $36.3m during the year ending 06/2021. While expenses have increased by 0.5% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF BOYS SCHOOL GRADES 7-12.
Describe the Organization's Program Activity:
OPERATION OF A SCHOOL FOR BOYS, GRADES 7-12. THE SCHOOL HAS AN ENROLLMENT OF OVER 700 STUDENTS. THE EDUCATION CURRICULUM INCLUDES MATH, ENGLISH, HISTORY, SCIENCE, FOREIGN LANGUAGES, AND FINE ARTS.
ATHLETICS PROGRAM- GRADES 7-12 STUDENTS PARTICIPATE IN INTERMURAL AND INTERSCHOLASTIC SPORTS INCLUDING BASEBALL, BASKETBALL, FOOTBALL, SOCCER, GOLF, TRACK, SWIMMING, AND WRESTLING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Admiral J Wilson Prueher Trustee | Trustee | 1 | $0 |
William H Hawkins Trustee | Trustee | 1 | $0 |
H Lee Barfield II Trustee | Trustee | 1 | $0 |
Allen P Mcdaniel Trustee | Trustee | 1 | $0 |
Dudley W Warner II Trustee | Trustee | 1 | $0 |
Bob Brannon Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sage Dining Services Inc Food Service | 6/29/22 | $1,885,826 |
Brasfield & Gorrie General Contractor | 6/29/22 | $3,162,514 |
School Facility Management Maintenance | 6/29/22 | $683,542 |
Trust Building Services Construction | 6/29/22 | $515,618 |
Hastings Architecture Assoc Llc Architecture | 6/29/22 | $338,046 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,466,060 |
| Investment income | $2,032,791 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $303,381 |
| Net Gain/Loss on Asset Sales | -$2,274,526 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $41,667,135 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $3,294,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,875,137 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,187,369 |
| Pension plan accruals and contributions | $1,136,432 |
| Other employee benefits | $1,241,599 |
| Payroll taxes | $870,843 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $80,437 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $138,613 |
| Office expenses | $30,878 |
| Information technology | $343,149 |
| Royalties | $0 |
| Occupancy | $1,474,293 |
| Travel | $1,910 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $43,500 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,622,160 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $36,255,854 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,664 |
| Savings and temporary cash investments | $75,265,537 |
| Pledges and grants receivable | $4,872,943 |
| Accounts receivable, net | $222,001 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $313,024 |
| Investments—publicly traded securities | $14,951,781 |
| Investments—other securities | $28,619,694 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $124,895 |
| Total assets | $303,405,415 |
| Accounts payable and accrued expenses | $2,085,339 |
| Grants payable | $0 |
| Deferred revenue | $13,467,055 |
| 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 | $750,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $16,302,394 |
| 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 | $287,103,021 |