Hutchison School
- Assets
- $51.1m
- Revenue
- $24.0m
- Investments
- $0.0
- Employees
- 240
- Location
- Memphis, TN
- Founding
- 08/1957
- Data as of
- 06/2021
- EIN
- 62-0540400
Organization Overview
Hutchison School is located in Memphis, 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 06/2021, Hutchison School employed 240 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hutchison 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 06/2021, Hutchison School generated $24.0m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $21.5m during the year ending 06/2021. 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
THE HUTCHISON SCHOOL PROVIDES PRE-KINDERGARTEN AND KINDERGARTEN CLASSES AS WELL AS CLASSES FOR GRADES 1 - 12.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristen D Ring Head Of School, Trustee | OfficerTrustee | 40 | $308,276 |
Adrienne Forgette Head Of Upper School | 40 | $110,905 | |
Beth Corley Development Director | 40 | $110,783 | |
Angela Smith Business Manager | 40 | $108,620 | |
Susan Steinkamp Operations Director | 40 | $108,241 | |
Catherine Chubb Athletic Director | 40 | $101,850 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
East Memphis Lawn & Landscape Landscaping | 6/29/21 | $104,654 |
Sage Dining Services Inc Food Services | 6/29/21 | $273,905 |
Air Technical Services Inc Hvac Services | 6/29/21 | $170,781 |
Michael Hatcher & Associates Inc Farm Services | 6/29/21 | $132,032 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,306,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,592,297 |
| Noncash contributions included in lines 1a–1f | $13,005 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,899,097 |
| Total Program Service Revenue | $18,917,250 |
| Investment income | $402,761 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $13,200 |
| Net Gain/Loss on Asset Sales | $654,675 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $82,662 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,021,872 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,713,913 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $457,529 |
| Compensation of current officers, directors, key employees. | $457,529 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,051,854 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,282,820 |
| Payroll taxes | $0 |
| 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 | $15,000 |
| Fees for services: Other | $309,238 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,223,878 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $437,699 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,836,359 |
| Insurance | $0 |
| All other expenses | $232,393 |
| Total functional expenses | $21,543,762 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,800 |
| Savings and temporary cash investments | $4,969,074 |
| Pledges and grants receivable | $622,036 |
| Accounts receivable, net | $348,996 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $200,387 |
| Prepaid expenses and deferred charges | $70,178 |
| Net Land, buildings, and equipment | $20,578,601 |
| Investments—publicly traded securities | $23,641,565 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $646,185 |
| Total assets | $51,078,822 |
| Accounts payable and accrued expenses | $932,953 |
| Grants payable | $0 |
| Deferred revenue | $7,158,826 |
| 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 | $13,820,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $118,377 |
| Total liabilities | $22,030,156 |
| Net assets without donor restrictions | $23,344,316 |
| Net assets with donor restrictions | $5,704,350 |
| 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 | $51,078,822 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hutchison School has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Brinkley Foundation Memphis, TN PURPOSE: CHARITABLE | $25,000 |
Endowment Analysis
| Beg. Balance | $21,209,557 |
| Earnings | $5,762,954 |
| Admin Expense | $25,000 |
| Net Contributions | $431,960 |
| Other Expense | $341,310 |
| Grants | $76,360 |
| Ending Balance | $26,961,801 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Potomac School Mclean, VA | $225,192,195 | $49,665,882 |
Providence Day School Charlotte, NC | $110,524,658 | $50,140,053 |
Flint Hill School Oakton, VA | $94,406,099 | $45,449,765 |
Mary Institute And Saint Louis Country Day School St Louis, MO | $240,203,179 | $40,528,498 |
Charlotte Latin Schools Inc Charlotte, NC | $136,686,590 | $47,461,290 |
Greater Atlanta Christian Schools Inc Norcross, GA | $104,910,212 | $44,897,863 |
Confluence Academy St Louis, MO | $36,687,360 | $48,180,498 |
Pembroke Hill School Kansas City, MO | $163,708,613 | $51,122,329 |
Pace Academy Inc Atlanta, GA | $185,935,585 | $47,968,638 |
Ravenscroft School Inc Raleigh, NC | $81,090,288 | $36,426,897 |
Durham Academy Inc Durham, NC | $115,235,784 | $38,768,231 |
Purpose Built Schools Atlanta Inc Atlanta, GA | $15,990,097 | $34,651,857 |