Boyd - Buchanan School
- Assets
- $20.7m
- Revenue
- $17.0m
- Investments
- $4.2m
- Employees
- 277
- Location
- Chattanooga, TN
- Founding
- 03/1957
- Data as of
- 06/2023
- EIN
- 62-0518286
Organization Overview
Boyd - Buchanan School is located in Chattanooga, 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 06/2023, Boyd - Buchanan School employed 277 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boyd - Buchanan 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 06/2023, Boyd - Buchanan School generated $17.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $14.1m during the year ending 06/2023. While expenses have increased by 7.6% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE SCHOOL'S MISSION IS TO PROVIDE A CLIMATE THAT STIMULATES INTELLECTUAL, PHYSICAL AND SOCIAL GROWTH WHILE OFFERING AN ADDED DIMENSION TO EACH CHILD'S DEVELOPMENT; SPIRITUAL TRAINING CENTERED AROUND BIBLICAL TEACHINGS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KINDERGARTEN, ELEMENTARY, MIDDLE AND HIGH SCHOOL EDUCATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bobby Golden Past Chairman | OfficerTrustee | 0.5 | $0 |
Rachel Hatchett Director | Trustee | 0.5 | $0 |
Joey Hogan Treasurer | OfficerTrustee | 0.5 | $0 |
Drjason Robertson Past Chairman | OfficerTrustee | 0.5 | $0 |
Dr Larry Grant Director | Trustee | 0.5 | $0 |
Linda Jarrett Secretary | OfficerTrustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fresh Ideas Food Service Management Cafeteria Service | 6/29/23 | $950,000 |
Mpl Construction Company Construction Projects | 6/29/23 | $2,094,885 |
Certified Maintenance Services Janitorial | 6/29/23 | $242,418 |
River City Security And Investigations Security Guard | 6/29/23 | $227,078 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $209,235 |
| Related organizations | $0 |
| Government grants | $50,578 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,324,479 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,584,292 |
| Total Program Service Revenue | $13,219,694 |
| Investment income | $196,039 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,000 |
| Net Gain/Loss on Asset Sales | -$13,554 |
| Net Income from Fundraising Events | -$23,953 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $58,134 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,026,652 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $152,960 |
| Compensation of current officers, directors, key employees. | $114,720 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,089,640 |
| Pension plan accruals and contributions | $295,532 |
| Other employee benefits | $309,727 |
| Payroll taxes | $509,842 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,337 |
| Fees for services: Accounting | $28,025 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,755 |
| Fees for services: Other | $71,263 |
| Advertising and promotion | $19,196 |
| Office expenses | $1,188,917 |
| Information technology | $130,706 |
| Royalties | $0 |
| Occupancy | $629,805 |
| Travel | $96,188 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $43,724 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $508,774 |
| Insurance | $139,018 |
| All other expenses | $573,644 |
| Total functional expenses | $14,101,032 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,252,288 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $239,868 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $189,999 |
| Prepaid expenses and deferred charges | $53,733 |
| Net Land, buildings, and equipment | $14,745,259 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $4,196,875 |
| Investments—program-related | $0 |
| Intangible assets | $113 |
| Other assets | $6,424 |
| Total assets | $20,684,559 |
| Accounts payable and accrued expenses | $71,919 |
| Grants payable | $0 |
| Deferred revenue | $1,524,107 |
| 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 | $1,466,629 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $25,840 |
| Total liabilities | $3,088,495 |
| Net assets without donor restrictions | $15,875,611 |
| Net assets with donor restrictions | $1,720,453 |
| 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 | $20,684,559 |