2019-03-04T13:23:00-06:00 2018-06-30 SMITH & HOWARD PC 271 17TH STREET NW SUITE 1600 ATLANTA GA 30363 990 2017-07-01 620475837 THE MCCALLIE SCHOOL % ELIZABETH THOMPSON MCCA 4236248300 500 DODDS AVENUE CHATTANOOGA TN 37404 ELIZABETH A THOMPSON CFO 4046248300 2019-05-15 true MARC AZAR P91739349 4048746244 2019-05-15 50.227.246.66 67983820190635000067 2019-03-04 P 32F818A25FF1E66BC404F8CE14DCD23EB7EF77E5 32F818A25FF1E66BC404F8CE14DCD23EB7EF77E5 2017 2019-02-21 02:37:17Z A Lee Burns III 500 DODDS AVENUE CHATTANOOGA TN 37404 54675690 false X WWW.MCCALLIE.ORG X 1905 TN For the conduct of a college preparatory school for boys. 23 21 602 500 -4844 -4289 23876041 13705614 31264401 32781205 10820656 2634841 190155 250677 66151253 49372337 7265498 7548414 0 0 21150934 21924817 0 0 2576292 14521790 14660339 42938222 44133570 23213031 5238767 224001585 237734050 52971304 49892474 171030281 187841576 X MCCALLIE IS A PRIVATE SCHOOL WITH STATE-OF-THE-ART FACILITIES NESTLED ON 100 ACRES ON CHATTANOOGAS MISSIONARY RIDGE. SINCE 1905, MCCALLIE HAS REMAINED COMMITTED TO PROVIDING AN OUTSTANDING COLLEGE PREPARATORY EDUCATION PROGRAM FOR BOYS. false true 31475294 7500414 32781205 MCCALLIE PROVIDED APPROXIMATELY 936 STUDENTS IN 6TH THROUGH 12TH GRADES WITH EDUCATIONAL AND ACADEMIC SERVICES. THERE ARE BOARDING AND DAY STUDENTS PARTICIPATING 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. THESE PROGRAMS PREPARE STUDENTS FOR LIFE THROUGH INSPIRING AND MOTIVATING THEM TO ALWAYS STRIVE FOR EXCELLENCE; PURSUE INTELLECTUAL AND SPIRITUAL TRUTH; LEAD LIVES OF HONOR; ACT RESPONSIBLY IN PERSONAL, FAMILY, AND COMMUNITY RELATIONSHIPS; AND DEMONSTRATE CONCERN FOR THE WELFARE OF OTHERS. 31475294 true true false false false false false false false true true true false false true true true false true false true false true false true false false true true true true false false false false false false false false true false true false false false false true false false false true 156 0 true 602 true false false false false false true true false false X 23 21 true false false false false false false true true false false true true true true true true true true false TN X ELIZABETH THOMPSON 4236248300 500 DODDS AVENUE CHATTANOOGA TN 37404 X Charles S Anderson Trustee 1.0 0.0 X 0 0 0 Benjamin G Brock Trustee 1.0 0.0 X 0 0 0 Stanley M Brock Trustee 1.0 0.0 X 0 0 0 James W Burns Trustee 2.0 0.0 X 0 0 0 J Hal Daughdrill III Trustee 1.0 0.0 X 0 0 0 John Fogarty Trustee 1.0 0.0 X 0 0 0 G Turner Howard III Trustee 1.0 0.0 X 0 0 0 Sean K Jenkins Trustee 1.0 0.0 X 0 0 0 Graeme M Keith III Trustee 1.0 0.0 X 0 0 0 Charles E Knox II Trustee 1.0 0.0 X 0 0 0 Barry P Large Trustee 1.0 0.0 X 0 0 0 Alan L Lebovitz Trustee 2.0 0.0 X 0 0 0 Alberto J McGregor Trustee 1.0 0.0 X 0 0 0 Richard D McRae Jr Trustee 1.0 0.0 X 0 0 0 Edward G Michaels III Trustee 1.0 0.0 X 0 0 0 R Kincaid Mills Trustee 1.0 0.0 X 0 0 0 N Carter Newbold IV Trustee 1.0 0.0 X 0 0 0 Dennis Oakley Trustee 1.0 0.0 X 0 0 0 Ward Petty Trustee 2.0 0.0 X 0 0 0 James M Ruffin Trustee 1.0 0.0 X 0 0 0 David A Stonecipher Trustee 1.0 0.0 X 0 0 0 Nathaniel H Taylor Trustee 1.0 0.0 X 0 0 0 Bill Womble Jr Trustee 1.0 0.0 X 0 0 0 A Lee Burns III Headmaster 38.0 2.0 X 494898 0 148348 Elizabeth A Thompson Chief Financial Officer 38.0 2.0 X 111394 0 10234 Marcus H Rafiee VP for Business Administration 40.0 0.0 X 134595 0 26092 Kenneth A Sholl Assistant Headmaster 39.0 1.0 X 222832 0 12277 Troy F Kemp Sr Exec Dir of NCDB 5.0 40.0 X 190121 0 16084 Craig A Ingvalson Dir of Strat Planning and Capi 40.0 0.0 X 140225 0 28005 Ralph J Potter Faculty/Coach 40.0 0.0 X 133855 0 27755 Steven B Hearn VP for Advancement 40.0 0.0 X 201020 0 27849 William C Kropff Exec DIR of Operations 40.0 0.0 X 126578 0 13532 Robert Kirk Walker Jr Former Headmaster 1.0 0.0 X 125000 0 0 1880518 0 310176 15 true true false Sodexo Inc Affiliates PO Box 536922 ATLANTA GA 303536922 Dining Services 2444680 TKC Management Services 4500 Cameron Valley Pkwy STE 400 CHARLOTTE NC 28211 Physical Plant Mgt 1996723 Gurian Institute 417 W 32nd Ave SPOKANE WA 99203 Consulting 101522 3 X 104615 13600999 3361038 13705614 TUITION AND FEES 611600 32781205 32781205 32781205 680341 680341 0 0 67724 6236 61488 0 61488 61488 6489818 204899 4365851 374366 2123967 -169467 1954500 -169467 53334 2070633 87202 104615 74180 13022 13022 0 0 0 610535 482720 127815 127815 OTHER REVENUE 611710 48352 106530 -58178 48352 49372337 32718268 -4844 2953299 48000 48000 7134889 7134889 365525 365525 0 1079146 531080 392257 155809 0 15348320 9800055 4255169 1293096 3295008 2118939 948402 227667 2202343 1572143 413071 217129 0 2135193 1802124 276486 56583 135506 135506 65300 65300 0 0 7921 7921 0 117747 117747 385961 217578 95541 72842 448332 233294 192608 22430 0 2918150 2072704 729479 115967 452140 263005 93281 95854 0 195229 155088 29583 10558 1602065 1602065 0 2960566 2220425 592113 148028 284679 120217 150501 13961 SUMMER CAMP EXPENSES 767729 767729 ATHLETICS 633875 633875 BAD DEBT EXPENSE 536082 536082 INSTRUCTIONAL SUPPLIES 279187 279187 734677 485608 102701 146368 44133570 31475294 10081984 2576292 X 15085890 17266753 0 0 10973055 15759444 370265 358752 0 0 0 0 178218 129500 216742 141653 1272059 1411353 115709333 48243817 67928971 67465516 24961443 30502045 102102517 103875460 0 0 0 0 912425 823574 224001585 237734050 2399284 2145906 0 0 4704550 4433792 35000000 35000000 0 0 0 0 0 0 0 0 10867470 8312776 52971304 49892474 X 104095193 102568543 21165233 28327578 45769855 56945455 171030281 187841576 224001585 237734050 X 5238767 9019611 -90825 2643742 X X false true X true false X 26585162 5635011 6583855 23876041 13705614 76385683 0 0 26585162 5635011 6583855 23876041 13705614 76385683 12938378 63447305 922753 520688 442359 541696 741829 3169325 100781 100781 2995 7898 12785 12753 106530 142961 79798750 151997327 0.79509 0.79086 X Part II, Line 5 The McCallie School has received unusual grants over the following years: Year Ended 06/30/2014 = $16,999,965 Year Ended 06/30/2015 = $2,075,664 Year Ended 06/30/2016 = $1,229,349 135082067 3703284 11814549 1631221 7496572 141472107 116422168 11344317 13482420 1599099 4567739 135082067 125937171 1597924 -5031394 1568369 4496747 16417 116422168 107906784 19446750 3838741 5255104 125937171 98275333 749927 13909944 5028420 107906784 0.53760 0.34600 0.11640 false false 11372277 11372277 83075728 35305764 47769964 8360685 5724843 2635842 12900642 7213209 5687433 67465516 US EQUITIES 0 F LIMITED PARTNERSHIPS 103875460 F 103875460 0 DEFERRED COMPENSATION 434417 MARK-TO-MARKET DERIVATIVES 2593360 AGENCY FUNDS 351440 LIABILITY FOR PENSION BENEFITS 4085937 LEASES PAYABLE 485319 ANNUITY PAYABLE 362303 8312776 X 50728304 9019611 -7655723 1363888 49364416 7921 7921 49372337 33655652 -999654 -999654 34655306 7921 9470343 9478264 44133570 Part V, Line 4 McCallie's Endowment is intended to provide support to the institution in perpetuity in such categories as need-based and merit-based financial aid and faculty professional development, as well as to provide unrestricted support to the school. Part X, Line 2 McCallie is recognized as an organization exempt from income taxes under Section 501(C)(3) of the Internal Revenue Code (the "Code"). Only unrelated business income, as defined by Section 512(a)(1) of the Code, is subject to income taxes. McCallies unrelated business income is not significant. McCallie annually evaluates all federal and state income tax positions. This process includes an analysis of whether these income tax positions McCallie takes meet the definition of an uncertain tax position under the Income Taxes Topic of the Financial Accounting Standards Codification. As of June 30, 2018 and 2017, McCallie did not recognize liabilities for uncertain tax positions or associated interest and penalties. In general, McCallie is no longer subject to tax examinations for the tax years ended before June 30, 2015. During December 2017, the President of the United States of America signed into law the Tax Cuts and Jobs Act (the "Act"). Under the act, maximum corporate tax rates were reduced from a rate of 35% to a flat rate of 21%. McCallies tax liability for any potential unrelated business income tax should not be significant. There are other changes to the tax law that may affect McCallie, but the magnitude of such changes has not been determined. Part XI, Line 2D - Other Adjustments 482,720 Inventory - Cost of goods sold 74,180 + Direct Fundraising Expense 88,851 - Change in value of split interest agreement 623,358 - Bad Debt Expense netted with revenue 7,500,414 - FInancial Aid grants -------------------------- -7,655,723 = Part XII, Line 2D - Other Adjustments 74,180 Direct Fundraising Expense 482,720 + Inventory - cost of goods sold 90,825 + Bad Debt Write-Off 1,647,379 - Gain on Derivatives -------------------------- -999,654 = Part XII, Line 4B - Other Adjustments 7,500,414 FINANCIAL AID GRANTS 623,358 + BAD DEBT EXPENSE NETTED WITH REVENUE 1,346,571 + FASB 158 PENSION ADJUSTMENT -------------------------- 9,470,343 = true true true true true true true false false false false false false false false false false true Schedule E, Part I, Line 3 Disclosure in registration info packet, newspaper ad. true Europe (Including Iceland and Greenland) Program Services Student Trip and Study 37219 South America Program Services Student Trip and Study 30103 South Asia Program Services Student Trip and Study 71008 Central America and the Caribbean Program Services Student Trip and Study 50145 East Asia and the Pacific Program Services Student Trip and Study 58050 Europe (Including Iceland and Greenland) Program Services Recruiting Trip 1227 South Asia Program Services Recruiting Trip 778 Middle East and North Africa Program Services Recruiting Trip 599 East Asia and the Pacific Program Services Recruiting Trip 3787 Europe (Including Iceland and Greenland) Investments 2383455 Central America and the Caribbean Investments 22069863 Sub-Saharan Africa Grantmaking Financial Assistance 6625 Central America and the Caribbean Grantmaking Financial Assistance 272025 South America Grantmaking Financial Assistance 50875 Europe (Including Iceland and Greenland) Grantmaking Financial Assistance 36000 25071759 25071759 Financial Assistance Sub-Saharan Africa 1 625 Trip Disc. receipt Financial Assistance Sub-Saharan Africa 1 6000 Humanit. Aid Receipt Financial Assistance Central America and the Caribbean 1 750 Trip Disc. Receipt Financial Assistance Europe (Including Iceland and Greenland) 2 4700 Trip Disc. Receipt Need-Based Financial Aid Central America and the Caribbean 9 271275 Tuition Cred FMV need-based financial aid Europe (Including Iceland and Greenland) 1 31300 Tuition Cred FMV Need-Based Financial Aid South America 1 50875 Tuition Cred FMV true false false false false false Part III, Column C Recipients are chosen based on financial need. Online Auction 77396 77396 14463 Golf Tournament 58040 20449 37591 12907 11317 1 56381 6770 49611 5070 30423 191817 104615 87202 5070 12907 56203 74180 13022 true Habitat for Humanity 1201 East Main Street Chattanooga TN 37408 621260347 501(C)(3) 10000 FMV JoeDance Film Festival 615 S College St 9th Floor Charlotte NC 28202 461283481 501(C)(3) 8000 FMV Community Foundation of Greater Chattanooga 1270 Market Street Chattanooga TN 37402 626045999 501(C)(3) 20000 FMV 3 Trip Discounts 43 57015 FMV Discount Merit Scholarships 47 889000 FMV Tuition Credit Need-Based Financial Aid 408 6188847 FMV Tuition Credit Part I, Line 2 Scholarships and trip assistance are applied as discounts. Grants to other organizations are given as unrestricted donations to well-known and reputable organizations. X X X true true X X X X true true false false false false false true false A Lee Burns III Headmaster 411885 0 0 83013 0 124434 0 24051 0 643383 0 0 0 Marcus H Rafiee VP for Business Administration 117372 0 15000 0 2223 0 6729 0 19396 0 160720 0 0 0 Kenneth A Sholl Assistant Headmaster 208353 0 10250 0 4229 0 10963 0 1458 0 235253 0 0 0 Troy F Kemp Sr Exec Dir of NCDB 188893 0 0 1228 0 10728 0 5356 0 206205 0 0 0 Craig A Ingvalson Dir of Strat Planning and Capi 123243 0 15250 0 1732 0 11492 0 16745 0 168462 0 0 0 Ralph J Potter Faculty/Coach 127128 0 900 0 5827 0 11047 0 16866 0 161768 0 0 0 Steven B Hearn VP for Advancement 196686 0 250 0 4084 0 16020 0 12168 0 229208 0 0 0 Robert Kirk Walker Jr Former Headmaster 125000 0 0 0 0 0 0 0 0 0 125000 0 0 0 Part I, Line 1A AS A CONDITION OF EMPLOYMENT, CERTAIN EMPLOYEES ARE REQUIRED TO LIVE ON CAMPUS IN A RESIDENCE PROVIDED BY THE SCHOOL. CERTAIN EMPLOYEES RECEIVE CLEANING, MAINTENANCE, AND UTILITIES PROVIDED FOR THEIR RESIDENCE AT THE EXPENSE OF THE SCHOOL. THE SCHOOL PROVIDES FOR A SOCIAL CLUB MEMBERSHIP FOR THE HEADMASTER. Part I, Line 4A William C. Kropff received a severance payment of $45,920 in the calendar year 2017. Part I, Line 4B THE SCHOOL HAS A DEFINED BENEFIT PLAN WHICH WAS FROZEN IN 2005. CERTAIN EMPLOYEES ARE ELIGIBLE TO RECEIVE BENEFITS UNDER THIS PLAN IF THEY MET CERTAIN REQUIREMENTS IN 2005. A. Lee Burns, III participates in a section 457(f) plan and a 457(b) plan. Contributions for the calendar year totaled $86,400 to the 457(f) plan and $18,000 to the 457(b) plan. Part I, Line 7 THE SCHOOL PAID PERFORMANCE BONUSES TO CERTAIN MEMBERS OF MANAGEMENT DURING 2017-18. A The Health Educational and Housing Facility Boar 521298872 000000000 2015-10-08 10000000 See Part VI false false false B The Health Educational and Housing Facility Boar 521298872 000000000 2015-10-26 10000000 See Part VI false false false C The Health Educational and Housing Facility Boar 521298872 000000000 2015-11-12 10000000 See Part VI false false false D The Health Educational and Housing Facility Boar 521298872 000000000 2015-11-30 5000000 See Part VI false false false A 0 0 10000000 0 0 0 0 0 0 0 10000000 0 2003 true false true true B 0 0 10000000 0 0 0 0 0 0 0 10000000 0 2013 true false true true C 0 0 10000000 0 0 0 0 0 0 0 10000000 0 2003 true false true true D 0 0 5000000 0 0 0 0 0 0 0 5000000 0 2003 true false true true A 0 B 0 C 0 D 0 A false true true false 0 false 0 false false B false true true false 0 false 0 false false C false true true false 0 false 0 false false D false true true false 0 false 0 false false A false B false C false D false Schedule K, Part I, Bond Issues: (a) Full Name of Issuer: The Health, Educational, and Housing Facility Board of the City of Chattanooga, Tennessee Bond Issues Listed: A - Educational Facilities Revenue Bonds (The McCallie School Project) Series 2015E B - Educational Facilities Revenue Bonds (The McCallie School Project) Series 2015F C - Educational Facilities Revenue Bonds (The McCallie School Project) Series 2015G D - Educational Facilities Revenue Bonds (The McCallie School Project) Series 2015H (f) Description of Purpose A - The Series 2015E Bonds were a reissuance and current refunding of the Issuer's Variable Rate Demand Revenue Bonds (The McCallie School Project) Series 2015A dated April 13, 2015 The Series 2015A Bonds were a reissuance and current refunding of a portion of the Issuer's Educational Facilities Revenue Refunding Bonds (The McCallie School Project) Series 2009 dated October 14, 2009 The Proceeds of the series 2009 Bonds were used to refund the Issuer's Variable Rate Demand Revenue Bonds (The McCallie School Project) Series 1991 dated July 2, 1991 and a portion of the Issuer's Educational Facilities Revenue Refunding Bonds (The McCallie School Project) Series 1998 dated November 19, 1998. The Proceeds of the Series 1991 Bonds were used for acquisition, construction and equipping of additions and improvements to the Organization's campus facilities in Chattanooga, Tennessee. The proceeds of the Series 1998 Bonds were used for aquisition and construction of a middle school facility and related improvements; acquisition of buses; acquisition and installation of equipment; and acquisition of approximately three acres of land located on various parecels for expansion of the campus. B - The Series 2015F Bonds were a reissuance and current refunding of the Issuer's Educational Facilities Revenue Bonds (The McCallie School Project) Series 2015B dated April 15, 2015. The Series 2015B Bonds were a reissuance and current refunding of a portion of the Issuer's Educational Facilities Revenue Refunding Bonds (The McCallie School Project) Series 2009 dated October 14, 2009. The purpose of the Series 2009 Bonds are described above. C - The Series 2015G Bonds were a reissuance and current refunding of the Issuer's Educational Facilities Revenue Bonds (The McCallie School Project) Series 2015C dated May 15, 2015. The Series 2015C Bonds were a reissuance and current refunding of a portion of the Issuer's Educational Facilities Revenue Refunding Bonds (The McCallie School Project) Series 2009 dated October 14, 2009. The purpose of the Series 2009 Bonds are described above. D - The Series 2015H Bonds were a reissuance and current refunding of the Issuer's Educational Facilities Revenue Bonds (The McCallie School Project) Series 2015D dated June 1, 2015. The Series 2015D Bonds were a reissuance and current refunding of a portion of the Issuer's Educational Facilities Revenue Refunding Bonds (The McCallie School Project) Series 2010 dated May 3, 2010. The proceeds of the series 2010 were used to refinance a portion of the Series 1998 Bonds. The purpose of the Series 1998 Bonds are described above. NA N/A 20000 Tuition Discounts James H Daughdrill III Son of Board Chairman 86667 Salary and Benefits false Callie Sholl-Burns Father is key employee 65005 Salary and Benefits false TKC Management Services LLC Owned by Trustee Family Member 2730788 Physical Plant Management false X 59 3191858 FMV X Sythetic Turf 1 160000 FMV X Cryptocurrency 1 9180 FMV false true true Part I, Column B - Items Contributed Column B reports number of Items Received. Part I, Line 32b The McCallie School uses Benjamin F Edwards & Co as a third party to sell donated stock. FORM 990, PART III Question 2 During the FYE 06/30/2018, the National Center for the Development of Boys received its 501(C)(3) status. As a result, this program service activity no longer appears on McCallie School's form 990. FORM 990, PART VI, SECTION A, LINE 2 JAMES W. BURNS (DIRECTOR) AND A. LEE BURNS (OFFICER) - FAMILY RELATIONSHIP FORM 990, PART VI, SECTION B, LINE 11 THE 990 IS MADE AVAILABLE TO THE FULL BOARD OF TRUSTEES FOR THEIR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST FORM IS COMPLETED ANNUALLY BY EACH TRUSTEE AND SENIOR ADMINISTRATOR. POTENTIAL CONFLICTS ARE REVIEWED BY THE AUDIT COMMITTEE. TRUSTEES RECUSE THEMSELVES FROM VOTING ON ANY MATTER WHERE THEY HAVE CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE USES COMPARABILITY INFORMATION PROVIDED BY THE CHIEF FINANCIAL OFFICER IN DETERMINING HEADMASTER COMPENSATION. FORM 990, PART VI, SECTION B, LINE 15B Officer and key employee compensation are determined by comparable pay within the industry. FORM 990, PART VI, SECTION C, LINE 19 COPIES OF DOCUMENTS ARE MAINTAINED BY THE CFO AND PROVIDED UPON REQUEST AS APPROPRIATE. Form 990, Part VII, Section A Troy F. Kemp, Sr. serves as the executive director of the National Center for the Development of Boys ("NCDB ein: 81-3299796). The organization is related 501(C)(3) to the McCallie School. His W-2 is issued through by the McCallie School and the NCDB reimburses the school for his compensation. Form 990, Part XI, Line 8, Prior Period Adjustments: (71,429) Bad Debt - Prior Year Pledges Form 990, Part XI, Line 9, Changes in Net Assets: 1,346,571 FASB 158 PENSION ADJUSTMENT 1,647,379 + GAIN ON DERIVATIVES 261,357 - TRANSFER OF ASSETS TO RELATED ORGANIZATION 88,851 - SPLIT INTEREST AGREEMENT -------------------------- 2,643,742 = Form 990, Part XII, Line 2C AUDIT COMMITTEE MEETS ANNUALLY WITH AUDITORS, REVIEWS FINANCIAL STATEMENTS, MAKES ANY RECOMMENDATIONS NECESSARY TO BOARD, AND THE BOARD VOTES TO ACCEPT AUDIT AND/OR APPROVES AUDIT COMMITTEE RECOMMENDATIONS. National Center for the Development of B 500 Dodds Ave Chattanooga TN 37404 813299796 ADVOCACY TN 501(C)(3) 7 NA true Charitable Remainder Trust (7) Investment TN NA Trust false false false false false false false false false false false false true false true true false true true false National Center for the Development of Boys O 308636 FMV National Center for the Development of Boys Q 55139 FMV National Center for the Development of Boys R 261357 FMV Part II, Line 1, Column G During the year ending June 30, 2016, the National Center for the Development of Boys ("NCDB") was incubated as a program service for the McCallie School, operating to help educators, parents, and mentors learn how to best help boys thrive and learn. In the past two years, the organization has formed into its own nonprofit entity and has been removed as a program service under the School. As of June 30, 2018 the NCDB is a controlled section 512(B)(13) organization by the School. However, they are currently in the process of becoming self-sufficient and separate from control by the school by June 30, 2019. Part IV, Line 1, Column C The Charitable Remainder Trusts are Domiciled in Tennessee, Florida, and Colorado.