2017-05-08T10:22:57-05:00 2016-06-30 SMITH & HOWARD PC 271 17TH STREET SUITE 1600 ATLANTA GA 30363 990 2015-07-01 620475837 THE MCCALLIE SCHOOL % ELIZABETH THOMPSON MCCA 4236248300 500 DODDS AVENUE CHATTANOOGA TN 37404 ELIZABETH A THOMPSON Director of Finance 4046248300 2016-05-15 true MARK ABRAMS P01081549 4048746244 2017-05-15 2015 2021-01-29 14:40:06Z A Lee Burns III 500 DODDS AVENUE CHATTANOOGA TN 37404 41928313 false X WWW.MCCALLIE.ORG X 1905 TN For the conduct of a college preparatory school for boys. 24 23 553 500 0 0 5635011 6583855 28307927 29302689 144523 1947304 324247 316953 34411708 38150801 6239907 6827553 0 0 17463722 18585094 0 0 1918667 12956671 13001348 36660300 38413995 -2248592 -263194 210966832 202285239 53092847 60875910 157873985 141409329 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. true false 27488855 6827553 29302689 MCCALLIE PROVIDED APPROXIMATELY 900 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. 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. 16304 MCCALLIE INCUBATED A PROGRAM CALLED THE NATIONAL CENTER FOR THE DEVELOPMENT OF BOYS (NCDB), WHICH WAS CREATED TO HELP EDUCATORS, PARENTS, AND MENTORS LEARN HOW BEST TO HELP BOYS THRIVE AND LEARN. NCDB SHARES RESEARCH AND BEST PRACTICES THROUGH SEMINARS, WORKSHOPS, PUBLICATIONS AND OTHER PLATFORMS AS IT CONNECTS RESEARCHERS, EDUCATORS, PARENTS, AND OTHERS WHO RAISE, MENTOR, AND EDUCATE BOYS. 27505159 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 false true true true false false false false false false false false true false true false false false false true false false false true 71 0 true 553 true false false false false false true true false false false false false false false X 24 23 false false false false false false false true true false false true true true true true true true false false 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 J Hal Daughdrill III Trustee 1.0 0.0 X 0 0 0 S Elliott Davenport 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 Houston B Hunt Trustee 1.0 0.0 X 0 0 0 Sean K Jenkins Trustee 1.0 0.0 X 0 0 0 Michael I Lebovitz Trustee 1.0 0.0 X 0 0 0 Timothy A Stump Trustee 1.0 0.0 X 0 0 0 Barry P Large Trustee 1.0 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 Jon Meacham 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 James M Ruffin Trustee 1.0 0.0 X 0 0 0 Joseph A Schmissrauter III Trustee 1.0 0.0 X 0 0 0 David A Stonecipher Trustee 1.0 0.0 X 0 0 0 Glenn H Morris Jr 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 40.0 0.0 X 565833 0 150396 Marcus H Rafiee VP for Business Administration 40.0 0.0 X 122535 0 35795 Kenneth A Sholl Assistant Headmaster 40.0 0.0 X 202553 0 12348 Troy F Kemp Director of Admissions 40.0 0.0 X 156188 0 44551 Ralph J Potter Faculty/Coach 40.0 0.0 X 134809 0 29124 Penny Grant Director of Development 40.0 0.0 X 110667 0 14053 William C Kropff Exec Dir of Operations 40.0 0.0 X 120167 0 27597 Lynn B Goss Middle School Head 40.0 0.0 X 128667 0 18124 Robert Kirk Walker Jr Former Headmaster 1.0 0.0 X 125000 0 0 1666419 0 331988 11 true true false Sodexo Inc Affiliates PO Box 905374 CHARLOTTE NC 28290 Cafeteria & Maint. 4191184 Lawson Electric Company 409 Spring St CHATTANOOGA TN 37405 Electrical Wiring 238968 Franklin Associates Architects 142 N Market St CHATTANOOGA TN 37405 Architect Services 117089 Holmes Personnel Consultants Inc 5726 Marlin Road Ste 510 CHATTANOOGA TN 37411 Temporary Personnel 115948 KSA Events Inc 5911 Turkey Lake Road ORLANDO FL 32819 Trip Coordinator 110350 5 X 21340 6562515 420236 6583855 TUITION AND FEES 611600 29302689 29302689 29302689 383619 383619 0 0 102664 43924 58740 0 58740 58740 4760191 107243 3300724 3025 1459467 104218 1563685 104218 1459467 30905 21340 27784 3121 3121 0 644362 402055 242307 242307 OTHER REVENUE 611710 12785 12785 12785 38150801 29661999 1904947 0 6533861 6533861 293692 293692 0 1043038 249862 637013 156163 0 13010202 8563448 3618395 828359 0 4531854 3019652 1196335 315867 0 2151658 1775967 318540 57151 29509 29509 70650 70650 0 0 19940 19940 0 108999 79640 29359 268560 126289 78071 64200 381848 220136 138980 22732 0 2698910 2084280 527072 87558 494447 273924 104799 115724 0 193403 154144 31903 7356 1553505 1553505 0 2323719 1742789 464744 116186 264519 113852 137509 13158 TEACHING SUPPLIES/ACTIVITIES 1032854 1032854 SUMMER CAMP EXPENSES 657697 657697 BOOKSTORE OPERATIONS 424068 424068 EVENTS 228883 83090 19347 126446 98179 75914 14498 7767 38413995 27505159 8990169 1918667 X 1472764 6308400 0 0 3188961 2459668 959694 1152239 0 0 0 0 247829 199395 226315 226845 917657 1320815 117409766 46715796 65969087 70693970 0 30351244 137984525 88720104 0 0 0 0 0 852559 210966832 202285239 2856826 3636082 0 0 4840144 4623298 35000000 35000000 0 0 0 0 0 0 0 0 10395877 17616530 53092847 60875910 X 85945275 86205423 33103136 14859230 38825574 40344676 157873985 141409329 210966832 202285239 X -263194 -6938080 -1047464 -8215918 X false true X true false X 7425676 8211397 26585162 5635011 6583855 54441101 0 0 7425676 8211397 26585162 5635011 6583855 54441101 2434321 52006780 720384 803174 922753 520688 442359 3409358 0 103068 2282 2995 7898 12785 129028 57979487 138545240 0.89699 0.00000 X Part II, Line 5 The McCallie School has received unusual grants over the following years: Year Ended 06/30/2012 = $2,804,160 Year Ended 06/30/2014 = $16,999,965 Year Ended 06/30/2015 = $2,075,664 Year Ended 06/30/2016 = $1,229,349 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 125937171 1597924 -5031394 1568369 4496747 16417 116422168 107906784 19446750 3838741 5255104 125937171 98275333 749927 13909944 5028420 107906784 90805642 1311088 11020756 4862153 98275333 94369893 624487 581601 4770339 90805642 0.56510 0.34650 0.08840 false false 0 8633353 8633353 0 87048932 28698961 55349970 0 9201394 6544718 2656677 0 12526086 8472116 4053970 70693970 CASH AND CASH EQUIVALENTS 2855353 F LIMITED PARTNERSHIPS 85864751 F MUTUAL FUNDS 0 F 88720104 0 DEFERRED COMPENSATION 305105 MARK-TO-MARKET DERIVATIVES 6571820 AGENCY FUNDS 383065 LIABILITY FOR PENSION BENEFITS 9789380 LEASES PAYABLE 188198 ANNUITY PAYABLE 378962 17616530 X 24836395 -6938080 -6356386 -13294466 38130861 19940 19940 38150801 40341147 8774645 8774645 31566502 19940 6827553 6847493 38413995 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. McCallie's unrelated business income is not significant. The School 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. In genreal, McCallie is no longer subject to tax examinations for the tax years ended before June 30, 2013. Part XI, Line 2D - Other Adjustments 6,827,553 Financial Aid Grants 402,055 - Inventory - Cost of Goods Sold 41,328 - Change in Value of Split Interest Agreement 27,784 - Direct Fundraising Expense -------------------------- 6,356,386 = Part XII, Line 2D - Other Adjustments 402,055 Inventory - Cost of Goods Sold 87,560 + Bad Debt Write-Off 6,804,520 + FASB 158 Pension Adjustment 1,452,726 + Loss on Derivatives 27,784 + Direct Fundraising Expenses -------------------------- 8,774,645 = Part XII, Line 4B - Other Adjustments Financial Aid Grants 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 98183 East Asia and the Pacific Program Services Student Trip 56471 South Asia Program Services Summer Study Grant 2500 Central America and the Caribbean Program Services Recruiting Trip 4439 Middle East and North Africa Program Services Recruiting Trip 3625 South America Program Services Student Trip 9184 Europe (Including Iceland and Greenland) Investments Central America and the Caribbean Investments 174402 174402 Financial Assistance Central America and the Caribbean 5 10032 Trip Disc. Receipt Financial Assistance Europe (Including Iceland and Greenland) 7 16133 Trip Disc. Receipt Financial Assistance East Asia and the Pacific 6 16065 Trip Disc. Receipt Financial Assistance South America 4 7000 Trip Disc. Receipt need-based financial aid Central America and the Caribbean 4 146800 Tuition Cred FMV Need-Based Financial Aid Europe (Including Iceland and Greenland) 3 97662 Tuition Cred FMV false false false false false false Part III, Column C Recipients are chosen based on financial need. Golf Tournament 52245 21340 30905 300 9730 625 17129 0 52245 21340 30905 300 9730 625 17129 27784 3121 true Need-Based Financial Aid 356 5793812 FMV Tuition Credit Merit Scholarships 44 740049 FMV Tuition Credit Part I, Line 2 All grants offered by the school are applied as offsets to tuition and fees and therefore satisfy the requirements to be used for proper purposes. X X X X X true true X X X X false true false false false false false true false A Lee Burns III Headmaster 400000 0 0 0 165833 0 129400 0 20996 0 716229 0 0 0 Kenneth A Sholl Assistant Headmaster 200000 0 2000 0 553 0 10096 0 3256 0 215905 0 0 0 Marcus H Rafiee VP for Business Administration 93333 0 22000 0 7202 0 8331 0 28273 0 159139 0 0 0 Troy F Kemp Director of Admissions 145625 0 2000 0 8563 0 7808 0 37678 0 201674 0 0 0 Ralph J Potter Faculty/Coach 124379 0 1000 0 9430 0 10783 0 19396 0 164988 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 PART OF THE HEADMASTERS CONDITION OF EMPLOYMENT, HE IS REQUIRED TO LIVE ON CAMPUS IN A RESIDENCE PROVIDED TO HIM BY THE SCHOOL. CLEANING, MAINTENANCE, AND UTILITIES ARE PROVIDED FOR THIS RESIDENCE AT THE EXPENSE OF THE SCHOOL. THE SCHOOL PROVIDES FOR A SOCIAL CLUB MEMBERSHIP FOR THE HEADMASTER, AS WELL AS A DISCRETIONARY SPENDING ACCOUNT. Additionally, the headmaster received a gross-up payment for certain taxable benefits. 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 participates in a section 457(f) plan. Contributions to the plan for the calendar year totaled $90,200. Part I, Line 7 THE SCHOOL PAID PERFORMANCE BONUSES TO CERTAIN MEMBERS OF MANAGEMENT DURING 2015-16. A The Health Educational and Housing Facility Boar 521298872 000000000 2015-10-08 10000000 See Part IV false false false B The Health Educational and Housing Facility Boar 521298872 000000000 2015-10-26 10000000 See Part IV false false false C The Health Educational and Housing Facility Boar 521298872 000000000 2015-11-12 10000000 See Part IV false false false D The Health Educational and Housing Facility Boar 521298872 000000000 2015-11-30 5000000 See Part IV 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 2003 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. James H Daughdrill III Son of Board Chairman 59306 Salary and Benefits false Callie Sholl-Burns Father is Key Employee 43092 Salary and Benefits false X 1 55000 Independent Estimate X 26 306203 Average Market Price X Astroturf 1 59033 Donor Estimate 1 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, Line 2 DURING THE FISCAL YEAR, THE ORGANIZATION STARTED A PROGRAM CALLED THE NATIONAL CENTER FOR THE DEVELOPMENT OF BOYS TO HELP EDUCATORS, PARENTS, AND MENTORS LEARN HOW BEST TO HELP BOYS THRIVE AND LEARN. FORM 990, PART VI, SECTION B, LINE 11 THE 990 IS MADE AVAILABLE ELECTRONICALLY 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 DIVISION HEAD. 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 DIRECTOR OF FINANCE 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 DIRECTOR OF FINANCE AND PROVIDED UPON REQUEST AS APPROPRIATE. Form 990, Part XI, Line 8, Prior Period Adjustments: 959,904 - GAAP Restatements to Financials 87,560 - Bad Debt - Prior Year Pledges -------------------------- -1,047,464 = Form 990, Part XI, Line 9, Changes in Net Assets: 6,804,520 - FASB 158 Pension Adjustment 1,452,724 - Loss on Derivatives 41,330 + SPLIT INTEREST AGREEMENT -------------------------- -8,215,914 = 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. Charitable Remainder Trust (7) Investment TN NA Trust false false false false false false false false false false false false false false false false false false false false Part IV, Line 1, Column C The Charitable Remainder Trusts are Domiciled in Tennessee, Florida, and Colorado.