2020-02-21T10:19:32-06:00 2019-06-30 SMITH & HOWARD PC 271 17TH STREET NW SUITE 1600 ATLANTA GA 30363 990 2018-07-01 620475837 THE MCCALLIE SCHOOL % ELIZABETH THOMPSON MCCA 4236248300 500 DODDS AVENUE CHATTANOOGA TN 37404 ELIZABETH A THOMPSON CFO 4046248300 2020-02-15 true MARC A AZAR P91739349 4048746244 50.58.246.46 67983820200525000002 2020-02-21 P 32F818A25FF1E66BC404F8CE14DCD23EB7EF77E5 ECC8923367BC1EE79A7DEEE4E2C8D2C64A66DE07 2018 2020-09-23 17:36:50Z A Lee Burns III 500 DODDS AVENUE CHATTANOOGA TN 37404 70806886 false X WWW.MCCALLIE.ORG X 1905 TN For the conduct of a college preparatory school for boys. 22 19 612 500 404538 211640 13705614 15134401 32781205 34131772 2634841 5616015 250677 635457 49372337 55517645 7548414 8360335 0 0 21924817 22812252 0 0 3063564 14660339 20553240 44133570 51725827 5238767 3791818 237734050 239980253 49892474 49387261 187841576 190592992 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 false 43717785 8360335 34131772 MCCALLIE PROVIDED APPROXIMATELY 938 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. 43717785 true true false false false false false false true 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 true true false false false false true false false false true 148 0 true 612 true true true false false false false true true false false false false false false X 22 19 true false false false false false false true true false false true true true true true true true false 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 1.0 X 0 0 0 Jim Burns 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 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 Lebovitz Trustee 1.0 0.0 X 0 0 0 Alberto J McGregor Trustee 1.0 0.0 X 0 0 0 Edward G Michaels III Trustee 1.0 0.0 X 0 0 0 Glenn Morris 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 1.0 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 Nate Taylor Trustee 1.0 0.0 X 0 0 0 Bill Womble Trustee 1.0 0.0 X 0 0 0 A Lee Burns III Headmaster 40.0 2.0 X 521819 0 173844 Elizabeth A Thompson Chief Financial Officer 40.0 2.0 X 143616 0 12194 Steven B Hearn VP for Advancement 40.0 0.0 X 217559 0 29773 Kenneth A Sholl Assistant Headmaster 40.0 1.0 X 224334 0 13090 Henry L Hopping Upper School Principal 40.0 0.0 X 108014 0 51607 Craig A Ingvalson Director of Strategic Planning 40.0 0.0 X 142312 0 29319 Scotty L Jones Middle School Principal 40.0 0.0 X 117260 0 47629 Troy F Kemp Executive Director of the Nati 0.0 40.0 X 203180 0 28536 Ralph J Potter Head Football Coach 40.0 0.0 X 127529 0 28860 Robert K Walker Former Headmaster 1.0 0.0 X 125000 0 0 1930623 0 414852 15 true true false Sodexo Inc Affiliates PO Box 536922 ATLANTA GA 303536922 Dining Services 2284210 TKC Management Services 4500 Cameron Valley Pkwy STE 400 CHARLOTTE NC 28211 Physical Plant Mgt 4206770 College Hill Capital 198 Hope Street PROVIDENCE RI 02906 Consulting 122780 FISHER PHILLIPS po box 117253 ATLANTA GA 30368 legal 113254 STARKEY PRINTING 2710 E 30TH ST CHATTANOOGA TN 37407 printing 107431 5 122395 15012006 2231777 15134401 TUITION AND FEES 611600 34131772 34131772 34131772 1144708 1144708 0 0 56667 1352 55315 0 55315 55315 19219765 58650 14365360 441748 4854405 -383098 4471307 -383098 270969 4583436 72619 122395 80181 -7562 -7562 0 0 0 603717 400600 203117 203117 OTHER REVENUE 611710 384587 251018 133569 384587 55517645 33999692 404538 5979014 X 26500 26500 8151865 8151865 181970 181970 0 1781895 876924 647701 257270 0 15194081 13055322 770292 1368467 3518885 2389431 1012841 116613 1343888 125536 513739 704613 973503 836470 49354 87679 2175838 1958254 195826 21758 308871 130977 176439 1455 52250 52250 0 0 8653 8653 0 150594 150594 348087 145826 25992 176269 444018 425548 16623 1847 0 3620809 2793506 806827 20476 418248 328361 32918 56969 0 162204 137393 22892 1919 1203943 1083353 108553 12037 0 3027925 2725133 272513 30279 305770 195757 102380 7633 SUMMER CAMP EXPENSES 782842 782842 ATHLETICS 632718 632718 STUDENT ACTIVITIES 321165 321165 INSTRUCTIONAL SUPPLIES 311882 311882 6277423 5950458 137338 189627 51725827 43717785 4944478 3063564 X 17266753 13202362 0 0 15759444 15092964 358752 469964 0 0 0 0 129500 104301 141653 202743 1411353 1701291 125361910 49645283 67465516 75716627 30502045 34875924 103875460 97748648 0 0 0 0 823574 865429 237734050 239980253 2145906 2166956 0 0 4433792 4405338 35000000 35000000 0 56810 0 0 0 0 0 0 8312776 7758157 49892474 49387261 X 102568543 103053701 28327578 33166675 56945455 54372616 187841576 190592992 237734050 239980253 X 3791818 1331738 -1000971 -1371169 X X false true X true false X 5635011 6583855 23876041 13705614 15134401 64934922 0 0 5635011 6583855 23876041 13705614 15134401 64934922 14545862 50389060 520688 442359 541696 741829 1200023 3446595 100781 404537 505318 7898 12785 12753 106530 251017 390983 69277818 159212170 0.72735 0.79509 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 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true X 141472107 2396098 7207235 1868703 8117800 141088937 135082067 3703284 11814549 1631221 7496572 141472107 116422168 11344317 13482420 1599099 4567739 135082067 125937171 1597924 -5031394 1568369 4496747 16417 116422168 107906784 19446750 3838741 5255104 125937171 0.52070 0.36270 0.11660 false false 0 11531861 11531861 0 82889768 36302247 46587521 0 9015956 5891861 3124095 21924325 7451175 14473150 75716627 LIMITED PARTNERSHIPS 97748648 F 97748648 0 DEFERRED COMPENSATION 661131 AGENCY FUNDS 359559 LIABILITY FOR PENSION BENEFITS 5943818 LEASES PAYABLE 440517 ANNUITY PAYABLE 353132 7758157 X 42236676 1331738 -14604054 -13272316 55508992 8653 8653 55517645 39485260 1063622 1063622 38421638 8653 13295536 13304189 51725827 Part IV, Line 2b McCallie maintains a tuition escrow program in accordance with IRS Code Section 2503(e). 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, 2019 and 2018, 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, 2016. Part XI, Line 2D - Other Adjustments 400,600 Inventory - Cost of goods sold 80,181 + Direct Fundraising Expense 41,855 + Change in value of split interest agreement 17,397 - Bad Debt Expense netted with revenue 111 - Income Tax Expense 8,333,835 - FInancial Aid grants 6,775,347 - Bad Debt CY Contributions -------------------------- -14,604,054 = Part XII, Line 2D - Other Adjustments 80,181 Direct Fundraising Expense 400,600 + Inventory - cost of goods sold 1,000,971 + Bad Debt Write-Off 418,130 - Gain on Derivatives -------------------------- 1,063,622 = Part XII, Line 4B - Other Adjustments 8,333,835 FINANCIAL AID GRANTS 17,397 + BAD DEBT EXPENSE NETTED WITH REVENUE 1,831,154 - FASB 158 PENSION ADJUSTMENT 111 + INCOME TAX EXPENSE INCLUDED IN REVENUE 6,775,347 + Bad Debt netted against contribution revenue -------------------------- 13,295,536 = 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 49573 Sub-Saharan Africa Program Services Student Trip and Study 34000 Europe (Including Iceland and Greenland) Program Services Recruiting Trip 7739 Central America and the Caribbean Program Services Recruiting Trip 7444 Middle East and North Africa Program Services Recruiting Trip 1794 East Asia and the Pacific Program Services Recruiting Trip 4205 Europe (Including Iceland and Greenland) Grantmaking FINANCIAL ASSISTANCE 31300 Central America and the Caribbean Grantmaking FINANCIAL ASSISTANCE 49000 South America Grantmaking FINANCIAL ASSISTANCE 41235 East Asia and the Pacific Grantmaking FINANCIAL ASSISTANCE 24200 North America Grantmaking FINANCIAL ASSISTANCE 32585 Sub-Saharan Africa Grantmaking FINANCIAL ASSISTANCE 3650 Europe (Including Iceland and Greenland) Investments 2787823 Central America and the Caribbean Investments 20954056 24028604 24028604 Financial Assistance Sub-Saharan Africa 1 3650 Humanit. Aid receipt NEED-BASED FINANCIAL AID Central America and the Caribbean 2 49000 TUITION CRED FMV NEED-BASED FINANCIAL AID Europe (Including Iceland and Greenland) 1 31300 TUITION CRED FMV NEED-BASED FINANCIAL AID South America 1 41235 TUITION CRED FMV Need-Based Financial Aid East Asia and the Pacific 1 24200 Tuition Cred FMV need-based financial aid North America 1 32585 Tuition Cred FMV false false false false false false Part III, Column C Recipients are chosen based on financial need. Online Auction 74190 74190 11449 Golf Tournament 58375 33245 25130 13381 15220 1 62449 14960 47489 4276 35856 195014 122395 72619 4276 13381 62525 80182 -7563 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 2 Trip Discounts 14 38437 FMV Discount Merit Scholarships 60 1311675 FMV Tuition Credit Need-Based Financial Aid 420 6801753 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 X false true false false false false false true false A Lee Burns III Headmaster 421362 0 100457 123281 52977 698077 0 Steven B Hearn VP for Advancement 181833 20250 15476 17124 17076 251759 0 Henry L Hopping Upper School Principal 107764 250 24042 28985 161041 0 Craig A Ingvalson Director of Strategic Planning 115769 15250 11293 11623 19644 173579 0 Scotty L Jones Middle School Principal 117010 250 10067 38694 166021 0 Troy F Kemp Executive Director of the Nati 185615 10000 7565 10645 19572 233397 0 Ralph J Potter Head Football Coach 127279 250 10969 19822 158320 0 Kenneth A Sholl Assistant Headmaster 210350 250 13734 11043 6447 241824 0 Elizabeth A Thompson Chief Financial Officer 130500 2000 11116 10845 2024 156485 0 Robert K Walker Former Headmaster 125000 0 0 0 6795 131795 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 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 $84,500 to the 457(f) plan and $18,500 to the 457(b) plan. Part I, Line 7 THE SCHOOL PAID PERFORMANCE BONUSES TO CERTAIN MEMBERS OF MANAGEMENT DURING 2018-19. A The Health Educational and Housing Facility Boar 521298872 2018-11-01 10000000 See Part VI false false false B The Health Educational and Housing Facility Boar 521298872 2018-11-19 10000000 See Part VI false false false C The Health Educational and Housing Facility Boar 521298872 2018-12-05 10000000 See Part VI false false false D The Health Educational and Housing Facility Boar 521298872 2018-12-21 5000000 See Part VI false false false A 0 0 10000000 0 0 0 0 0 0 0 0 0 2003 true false true true B 0 0 10000000 0 0 0 0 0 0 0 0 0 2003 true false true true C 0 0 10000000 0 0 0 0 0 0 0 0 0 2003 true false true true D 0 0 10000000 0 0 0 0 0 0 0 0 0 2003 true false true true A 0 B 0 C 0 D 0 A false true false false 0 false 0 false true B false true false false 0 false 0 false true C false true false false 0 false 0 false true D false true false false 0 false 0 false true A true B true C true D true Schedule K, Part I, Bond Issues: (a) Full Name of Issuer: The Health, Educational, and Housing Facility Board of the City of Chattanooga, TennesseeBond Issues Listed: A - Educational Facilities Revenue Bonds (The McCallie School Project) Series 2018A B - Educational Facilities Revenue Bonds (The McCallie School Project) Series 2018B C - Educational Facilities Revenue Bonds (The McCallie School Project) Series 2018C D - Educational Facilities Revenue Bonds (The McCallie School Project) Series 2018D (F) DESCRIPTION OF PURPOSE A - THE SERIES 2018A BONDS WERE A REISSUANCE AND CURRENT REFUNDING OF THE ISSUER'S VARIABLE RATE DEMAND REVENUE BONDS (THE MCCALLIE SCHOOL PROJECT) SERIES 2015E DATED october 8, 2015. 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 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 2018B BONDS WERE A REISSUANCE AND CURRENT REFUNDING OF THE ISSUER'S VARIABLE RATE DEMAND REVENUE BONDS (THE MCCALLIE SCHOOL PROJECT) SERIES 2015F DATED october 26, 2015. 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 2018C BONDS WERE A REISSUANCE AND CURRENT REFUNDING OF THE ISSUER'S VARIABLE RATE DEMAND REVENUE BONDS (THE MCCALLIE SCHOOL PROJECT) SERIES 2015G DATED november 12, 2015. 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 2018D BONDS WERE A REISSUANCE AND CURRENT REFUNDING OF THE ISSUER'S VARIABLE RATE DEMAND REVENUE BONDS (THE MCCALLIE SCHOOL PROJECT) SERIES 2015H DATED November 30, 2015. 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 105306 Salary and Benefits false Callie Sholl-Burns Father is key employee 61998 Salary and Benefits false TKC Management Services LLC Owned by Trustee Family Member 2922448 Physical Plant Management false X 45 2231777 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 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 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: (1,000,971) Bad Debt - Prior Year Pledges Form 990, Part XI, Line 9, Changes in Net Assets: 1,831,154 - FASB 158 PENSION ADJUSTMENT 418,130 + GAIN ON DERIVATIVES 41,855 + SPLIT INTEREST AGREEMENT -------------------------- -1,371,169 = 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. FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:BAD DEBT EXPENSE TOTAL EXPENSES:5788643 PROGRAM SERVICES:5788643 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:OTHER EXPENSES TOTAL EXPENSES:488780 PROGRAM SERVICES:161815 MANAGEMENT AND GENERAL:137338 FUNDRAISING:189627 National Center for the Development of B 500 Dodds Ave Chattanooga TN 37404 813299796 research/shar TN 501(C)(3) 7 NA false Charitable Remainder Trust (1) Investment TN NA Trust false false false false false false false false false false true false false true false true false false National Center for the Development of Boys O 230846 FMV National Center for the Development of Boys Q 197981 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. The organization has formed into its own nonprofit entity and has been removed as a program service under the school. As of June 30, 2019, NCDB is a controlled section 512(b)(13) organization by McCallie School. Part IV, Line 1, Column C The Charitable Remainder Trusts are Domiciled in Tennessee, Florida, and Colorado.