2020-03-02T07:51:01-06:00 2019-06-30 570381582 ELLIOTT DAVIS LLCPLLC 629 MARKET STREET SUITE 100 CHATTANOOGA TN 37402 990 2018-07-01 620126365 BAYLOR SCHOOL BAYL 4232678505 171 BAYLOR SCHOOL ROAD CHATTANOOGA TN 37405 DALLAS JOSEPH JR VICE PRESIDENT/TREASURER 4232678505 2020-02-19 1 SHELTON CHAMBERS P01479354 4237567100 2020-02-21 68.169.166.192 2020-02-19 08:44:39 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 37641377CA560B876670DDA6CA490349D83FD3C9 2018 2021-01-29 14:40:06Z SCOTT WILSON 171 BAYLOR SCHOOL ROAD CHATTANOOGA TN 37405 59160934 0 X WWW.BAYLORSCHOOL.ORG X 1893 TN THE BAYLOR SCHOOL IS A CO-EDUCATIONAL DAY AND BOARDING COLLEGE PREPARATORY INSTITUTION. 25 25 563 500 3168 2168 9769943 4805419 33304447 34257795 6955007 12059325 36039 544969 50065436 51667508 7352721 7471577 0 0 18372665 20248636 62322 57014 1462343 17242551 16833848 43030259 44611075 7035177 7056433 226882147 231197428 38241876 38764876 188640271 192432552 BAYLOR'S MISSION IS TO FOSTER IN ITS STUDENTS BOTH THE ABILITY AND THE DESIRE TO MAKE A POSITIVE DIFFERENCE IN THE WORLD. 0 0 35796926 7471577 34271837 EDUCATION OF MIDDLE- AND HIGH-SCHOOL STUDENTS; APPROXIMATELY 1,083 TOTAL STUDENTS 35796926 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 1 1 1 0 0 0 1 1 1 0 0 0 0 0 0 1 1 0 1 1 0 0 0 0 0 0 0 0 1 134 0 563 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 25 25 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X DALLAS JOSEPH JR 4232678505 171 BAYLOR SCHOOL ROAD CHATTANOOGA TN 37405 PHILIP B WHITAKER JR TRUSTEE 2.00 X 0 0 0 KARA ETHIER ASHBURN TRUSTEE 2.00 X 0 0 0 STEVEN B BETTIS TRUSTEE 2.00 X 0 0 0 ALEXIS G BOGO TRUSTEE 2.00 X 0 0 0 ALLEN F CARTER TRUSTEE 2.00 X 0 0 0 ANDREW G COPE TRUSTEE 2.00 X 0 0 0 M RYAN CRIMMINS TRUSTEE 2.00 X 0 0 0 BENJAMIN L FISCHER TRUSTEE 2.00 X 0 0 0 ALEXANDER GUERRY III TRUSTEE 2.00 X 0 0 0 SAMUEL D HOLMES TRUSTEE 2.00 X 0 0 0 MILES H MARKS SR TRUSTEE 2.00 X 0 0 0 ASHLEY R MCMAHON TRUSTEE 2.00 X 0 0 0 ALBERT N MORGAN TRUSTEE 2.00 X 0 0 0 KELLY C NATION TRUSTEE 2.00 X 0 0 0 GH PATTEN PETTWAY TRUSTEE 2.00 X 0 0 0 DAN PRIDE TRUSTEE 2.00 X 0 0 0 SUSAN C REYNOLDS TRUSTEE 2.00 X 0 0 0 JOHN A STOUT TRUSTEE 2.00 X 0 0 0 LAUREN C TEMPLETON TRUSTEE 2.00 X 0 0 0 BENJAMIN P BROWN TRUSTEE 2.00 X 0 0 0 PHILIP B BYRUM TRUSTEE 2.00 X 0 0 0 PAMELA L MCKENNEY TRUSTEE 2.00 X 0 0 0 JOHN G REID TRUSTEE 2.00 X 0 0 0 T SCOTT SMITH TRUSTEE 2.00 X 0 0 0 CHRISTOPHER P CRIMMINS BOARD CHAIRMAN 2.00 X X 0 0 0 CARTER LYNCH SECRETARY - (NONVOTING) 2.00 X 0 0 0 SCOTT WILSON PRESIDENT/HEADMASTER 40.00 X 392452 0 45772 DALLAS W JOSEPH JR TREASURER & CFO 40.00 X 267893 0 62734 JENNIFER COOKSTON CONTROLLER 40.00 X 120436 0 12044 SHAW WILSON ASSISTANT HEADMASTER 40.00 X 164474 0 15736 JAMES KENNEDY DIR. OF ADMISSIONS AND ENROLLMENT 40.00 X 151831 0 11597 MATT LEWIS CHIEF ADVANCEMENT OFFICER 40.00 X 152798 0 18257 PHILLIP MASSEY FOOTBALL COACH 40.00 X 124426 0 15435 WILLIS MURDOCK III FINANCIAL AID DIRECTOR 40.00 X 129927 0 18016 1504237 0 199591 21 0 1 0 MORGAN CONSTRUCTION CO INC P O BOX 4404 CHATTANOOGA TN 37405 CONSTRUCTION 9713193 SODEXO POBOX 360170 PITTSBURG PA 152516170 FOOD SERVICE 1945449 MOUNTAIN CITY LANDSCAPE 4131 SOUTH CREEK ROAD CHATTANOOGA TN 37406 LANDSCAPING 743428 ESKOLA LLC POBOX 708 MORRISTOWN TN 37815 ROOFING 616082 WALDEN SECURITY POBOX 75419 CHICAGO IL 606755419 SECURITY 282335 17 491740 4313679 261830 4805419 TUITION & FEES 611710 31957146 31957146 SUMMER PROGRAM 611710 605497 605497 ATHLETICS 611710 498652 498652 STUDENT ACTIVITIES FEE 611710 422881 422881 INSTRUCTION 611710 234726 234726 538893 538893 34257795 2686554 3168 2683386 22466 0 22466 22466 22466 16395707 7007904 15032 9387803 -15032 9372771 9372771 661898 491740 153437 508461 508461 331095 317053 14042 14042 51667508 34271837 3168 12587084 X 7156157 7156157 315420 315420 859491 651752 164421 43318 15944046 12353219 2732221 858606 1326095 947079 313410 65606 935934 542891 350489 42554 1183070 942874 177715 62481 360879 242553 116502 1824 119399 119399 58938 58938 57014 57014 405286 405286 19344 11806 7538 333205 86101 247104 1397260 1153331 137077 106852 75418 16881 56278 2259 1153268 974131 150829 28308 492626 492626 3876927 3763721 105452 7754 316895 316895 MAINTENANCE & REPAIRS 1825645 1085282 734452 5911 FOOD SERVICE 1688755 1688755 0 0 UTILITIES 1638003 1590173 44554 3276 ALL OTHER EXPENSES 1346302 730508 473163 142631 1725698 1544292 147457 33949 44611075 35796926 7351806 1462343 27285395 27247873 6679560 4807812 1841539 2022270 149551 146310 587213 663913 120916988 54108565 64263169 66808423 124523564 127930094 1552156 1570733 226882147 231197428 2047387 1420739 17154143 17537120 17837525 17840075 1041791 871791 161030 1095151 38241876 38764876 X 123179038 131048909 32778354 61383643 32682879 0 188640271 192432552 226882147 231197428 X 7056433 -2379899 -884253 X X 0 1 X 1 0 X 13041691 8307685 7166586 9770001 4805419 43091382 13041691 8307685 7166586 9770001 4805419 43091382 3185903 39905479 1597438 1064935 1462886 2125367 2709020 8959646 24523 270387 3168 298078 564050 185876 956473 -144806 1456624 3018217 55367323 159174746 0.72070 0.74850 X SCHEDULE A, PART I, BOX 2 & 7 BAYLOR SCHOOL IS DETERMINED TO BE A PUBLIC CHARITY BECAUSE IT IS A SCHOOL DESCRIBED IN SECTION 170(B)(1)(A)(II). SCHEDULE E HAS BEEN COMPLETED AND ATTACHED. FOR PURPOSES OF SCHEDULE A, THE ORGANIZATION HAS COMPLETED PART II IN ORDER TO COMPLETE THE SPECIAL RULE ON SCHEDULE B AND DISCLOSE DONORS GREATER THAN 2% INSTEAD OF ALL DONORS GREATER THAN $5,000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 125314887 946545 8758823 5198903 422558 129398794 116021117 3301177 10913072 4420961 499518 125314887 109954741 1149220 13611283 8046655 647472 116021117 126053052 1161614 -10893784 5917906 448235 109954741 118560599 1296538 11026525 4335058 495552 126053052 0.58070 0.25930 0.16000 0 0 2070947 2070947 102577279 43567758 59009521 15601621 10340807 5260814 667141 200000 467141 66808423 U.S. AND GLOBAL EX U.S. EQUITY 57416745 F FIXED INCOME 4213694 F HEDGE FUNDS 50281717 F REAL ESTATE 91086 F PRIVATE EQUITY 15926852 F 127930094 INTEREST RATE SWAP 1095151 1095151 X 42983478 -2379899 535389 -1844510 44827988 367886 6471634 6839520 51667508 38242044 470489 470489 37771555 367886 6471634 6839520 44611075 PART V, LINE 4: THE SCHOOL'S ENDOWMENT CONSISTS OF APPROXIMATELY 60 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES INCLUDING OPERATIONAL EXPENSES AND STUDENT SCHOLARSHIPS. ALL ENDOWMENT DRAWS ARE BASED UPON PREDETERMINED ENDOWMENT GUIDELINES OR APPROVED BY THE BOARD FOR THE QUASI-ENDOWMENT FUNDS. PART X, LINE 2: THE SCHOOL IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND RELEVANT STATE REGULATIONS. ACCORDINGLY, INCOME TAX EXPENSE IS LIMITED TO ACTIVITIES THAT ARE DEEMED BY THE INTERNAL REVENUE SERVICE TO BE UNRELATED TO THE SCHOOL'S EXEMPT PURPOSE. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE 28,017. CHANGE IN VALUE CSV CRT 21,850. BOOKSTORE COGS NETTED AGAINST BOOKSTORE REVENUE 317,053. LOSS ON PPE 15,032. FUNDRAISING EXPENSE NETTED AGAINST FUNDRAISING REVENUE 153,437. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID REPORTED AS AN EXPENSE ON 990 6,471,634. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE NETTED AGAINST FUNDRAISING REVENUE 153,436. BOOKSTORE COGS NETTED AGAINST BOOKSTORE REVENUE 317,053. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID REPORTED AS AN EXPENSE ON 990 6,471,634. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL'S ADMISSION BROCHURES AND OTHER PRINTED MATERIALS INCLUDE THE NONDISCRIMINATION POLICY. THE POLICY IS ALSO INCLUDED ON THE SCHOOL'S WEBSITE. 0 0 0 0 0 0 0 0 0 0 FINANCIAL AID VARIOUS 11 315420 FINANCIAL AID TO INTERNATIONAL STUDENTS BOOK 1 0 0 1 1 0 PART I, LINE 2: APPLICANT FAMILIES ARE REQUIRED TO SUBMIT TAX AND FINANCIAL DATA ANNUALLY. EVALUATION OF THE DEMONSTRATED NEED IS DONE BOTH BY A THIRD-PARTY SOFTWARE VENDOR AND AN INTERAL FINANCIAL AID COMMITTEE. ANY AWARDS ARE TREATED AS A CREDIT ON THE APPLICABLE STUDENT'S TUITION AND FEES ACCOUNT, NO CASH GRANTS ARE EVER AWARDED. SINCE THE RECIPIENTS DO NOT HAVE CONTROL OF THE FUNDS AT ANY POINT, NO ADDITIONAL MONITORING IS NECESSARY. X X X X X X 1 CAMPBELL & COMPANY ONE EAST WACKER DR SUITE 3350 CHICAGO IL 60601 CAPITAL CAMPAIGN ASSISTANCE 0 0 57014 -57014 57014 -57014 AUCTION 1153638 491740 661898 10000 48272 20920 74245 1153638 491740 661898 10000 48272 20920 74245 153437 508461 1 DAY STUDENT FINANCIAL AID 267 3451301 FMV TUITION CREDIT BOARDING STUDENT FINANCIAL AID 64 2235971 FMV TUITION CREDIT DEPENDENT TUITION REMISSION 66 1007760 FMV TUITION CREDIT MERIT FINANCIAL AID 16 461125 FMV TUITION CREDIT PART I, LINE 2: APPLICANT FAMILIES ARE REQUIRED TO SUBMIT TAX AND FINANCIAL DATA ANNUALLY. EVALUATION OF THE DEMONSTRATED NEED IS DONE BOTH BY A THIRD-PARTY SOFTWARE VENDOR AND AN INTERAL FINANCIAL AID COMMITTEE. ANY AWARDS ARE TREATED AS A CREDIT ON THE APPLICABLE STUDENT'S TUITION AND FEES ACCOUNT, NO CASH GRANTS ARE EVER AWARDED. SINCE THE RECIPIENTS DO NOTHAVE CONTROL OF THE FUNDS AT ANY POINT, NO ADDITIONAL MONITORING IS NECESSARY. X X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 SCOTT WILSON PRESIDENT/HEADMASTER 392452 0 0 0 0 0 32320 0 13452 0 438224 0 0 0 DALLAS W JOSEPH JR TREASURER & CFO 256054 0 0 0 11839 0 51391 0 11343 0 330627 0 0 0 SHAW WILSON ASSISTANT HEADMASTER 164474 0 0 0 0 0 8779 0 6957 0 180210 0 0 0 JAMES KENNEDY DIR. OF ADMISSIONS AND ENROLLMENT 151831 0 0 0 0 0 11597 0 0 0 163428 0 0 0 MATT LEWIS CHIEF ADVANCEMENT OFFICER 152798 0 0 0 0 0 12720 0 5537 0 171055 0 0 0 PART I, LINE 1A THE SCHOOL PROVIDES HOUSING AND CERTAIN PERSONAL SERVICES RELATED TO THE MAINTENANCE AND CARE OF THE RESIDENCE AS PART OF THE HEAD OF SCHOOL'S EMPLOYMENT. THIS IS PROVIDED FOR THE CONVENIENCE OF THE EMPLOYER SO THAT THE HEAD OF SCHOOL CAN PERFORM ESSENTIAL SCHOOL BUSINESS AND ACTIVITIES AT THE HOME. IN ADDITION, CERTAIN ADMINISTRATORS ARE PROVIDED WITH DISCRETIONARY SPENDING ACCOUNTS. THESE ACCOUNTS ARE TO BE USED FOR SCHOOL-RELATED EXPENDITURES AS SEEN FIT BY THE ADMINISTRATOR AND THE HEAD OF SCHOOL. A HEALTH EDUCATIONAL & HOUSING FACILITY BOARD 521298872 2017-09-20 22900000 REFUNDING NOTES & REVOLVING CREDIT LOAN; CAPITAL CONSTRUCTION & ACQUISITIONS 1 0 0 A 17000000 5000000 63750 1 0 1 1 A 0 0 0 0 0 0 0 A 0 0 0 0 0 1 SUNTRUST BANK 14.000000000000 0 0 0 0 0 A 0 PART IV INTEREST RATE SWAP HEDGE TERM THROUGH YEAR 2032 PROVIDER: SUNTRUST BANK 61750 TUITION REMISSION TUITION REMISSION FOR DEPENDENT STUDENTS 8395 NEED BASED FINANCIAL AID NEED BASED FINANCIAL AID ON BEHALF OF DEPENDENT STUDENTS PATRICK BEARD SHULMAN AND JACOWAY CARTER LYNCH IS THE SECRETARY FOR THE SCHOOL. 120006 CARTER LYNCH IS THE SECRETARY FOR THE SCHOOL AND ALSO A PARTNER AT PATRICK BEARD SHULMAN & JACOWAY. THIS IS THE SCHOOLS PRIMARY ATTORNEY. ALL TRANSACTIONS ARE CONDUCTED AT ARMS LENGTH AND FAIR MARKET VALUE. 0 LAWSON ELECTRIC RYAN CRIMMINS IS A TRUSTEE FOR THE SCHOOL AND THE OWNER OF LAWSON ELECTRIC. 159874 RYAN CRIMMINS IS TRUSTEE FOR THE SCHOOL AND ALSO THE CHAIRMAN AND HEAD OF SALES OF LAWSON ELECTRIC. LAWSON ELECTRIC HANDLES ALL ELECTRICAL WORK AND REPAIRS FOR THE SCHOOL. ALL TRANSACTIONS ARE CONDUCTED AT ARMS LENGTH AND FAIR MARKET VALUE. 0 POINTER MANAGEMENT LLC JOHN STOUT IS TRUSTEE FOR THE SCHOOL AND A MANAGING PARTNER AT POINTER. 0 JOHN STOUT IS THE MANAGING PARTNER OF POINTER MANAGEMENT, LLC, A FINANCIAL INVESTMENT MANAGEMENT COMPANY. THE SCHOOL CURRENTLY HAS $17,196,357 INVESTED WITH POINTER AS OF THE FISCAL YEAR ENDED JUNE 30, 2019. ALL TRANSACTIONS ARE CONDUCTED AT ARMS LENGTH AND FAIR MARKET VALUE. 0 X 1 15000 ART APPRAISAL X 5229 FAIR MARKET VALUE X 24 180581 FAIR MARKET VALUE X MICROSCOPE 1 35000 FAIR MARKET VALUE X LANDSCAPING 1 26020 VALUE FROM VENDOR IN 1 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 CHRISTOPHER P. CRIMMINS AND M. RYAN CRIMMINS HAVE A FAMILY RELATIONSHIP. ALEXIS G. BOGO AND ALEXANDER GUERRY, III HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY MANAGEMENT OF THE SCHOOL WITH THE ASSISTANCE OF ELLIOTT DAVIS, LLC/PLLC. A DRAFT FORM 990 AND ALL OF THE REQUIRED SCHEDULES ARE DISTRIBUTED TO THE VP OF FINANCE, WHO REVIEWS THE RETURN WITH ELLIOTT DAVIS, LLC/PLLC. ONCE THE DRAFT IS FINALIZED, IT IS DISTRIBUTED TO THE EXECUTIVE COMMITTEE AND BOARD OF TRUSTEES PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF TRUSTEES EVALUATES ALL POTENTIAL CONFLICTS OF INTEREST ON AN ANNUAL BASIS. IN THE EVENT OF A CONFLICT, THE BOARD WILL CONSIDER THE NATURE OF THE CONFLICT, AND IF WARRANTED, THE INDIVIDUAL IS ASKED TO RECUSE HIM/HERSELF FROM DISCUSSION AND VOTING. ALTERNATIVELY, IF THERE IS A POTENTIAL BUSINESS CONFLICT, THE BOARD MAY BE ASKED TO EVALUATE APPROPRIATENESS AND, IF NECESSARY, MANADATE A CHANGE TO OR DISCONTINUATION OF THE RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE SETS THE COMPENSATION FOR THE HEADMASTER. THE EXECUTIVE COMMITTEE IS DEEMED INDEPENDENT AS IT IS COMPRISED OF INDIVIDUALS THAT ARE NEITHER RELATED TO NOR SUBJECT TO THE CONTROL OF THE HEADMASTER. IN PREPARATION OF THIS DECISION, A COMPENSATION COMPARISON IS PREPARED USING DATA FROM THE NAIS. DATA IS PULLED AND ANALYZED USING A SET OF PREDETERMINED PEER SCHOOLS AND BENCHMARK SCHOOLS. COMPENSATION DISCUSSIONS, FOR THE HEADMASTER, ARE DOCUMENTED IN THE EXECUTIVE COMMITTEE MINUTES. COMPENSATION FOR THE FACULTY FOLLOWS PROCEDURES OUTLINED IN THE BROADBAND SYSTEM. COMPENSATION FOR ALL OTHER EMPLOYEES ARE DETERMINED USING INDUSTRY SURVEY DATA (NAIS, NBOA, NAIS, ETC.) AND MARKET ANALYSIS. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST TO THE HEAD OF SCHOOL. FORM 990, PART IX, LINE 24E PHYSICAL PLANT CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 982,183. MANAGEMENT AND GENERAL EXPENSES 27,129. FUNDRAISING EXPENSES 1,871. TOTAL EXPENSES 1,011,183. FEES & COMISSION: PROGRAM SERVICE EXPENSES 562,109. MANAGEMENT AND GENERAL EXPENSES 120,328. FUNDRAISING EXPENSES 32,078. TOTAL EXPENSES 714,515. FORM 990, PART XI, LINE 9: CHANGE IN VALUE CSV CRT 21,850. CHANGE IN CSV LIFE INSURANCE 28,018. INTEREST RATE SWAP LOSS -934,121. FORM 990, PART XII, LINE 2C: NO CHANGE