2019-01-31T15:01:10-06:00 2018-06-30 570381582 ELLIOTT DAVIS LLCPLLC 629 MARKET STREET SUITE 100 CHATTANOOGA TN 37402 990 2017-07-01 620126365 BAYLOR SCHOOL BAYL 4232678505 171 BAYLOR SCHOOL ROAD CHATTANOOGA TN 37405 DALLAS JOSEPH JR VICE PRESIDENT/TREASURER 4232678505 2019-01-22 1 SHELTON CHAMBERS P01479354 4237567100 2019-01-24 68.169.166.192 2019-01-22 08:31:37 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 3C57008C13DA40C7882B4959B0C8DB530DC3148D 2017 2019-02-21 02:37:17Z SCOTT WILSON 171 BAYLOR SCHOOL ROAD CHATTANOOGA TN 37405 55432268 0 X WWW.BAYLORSCHOOL.ORG X 1893 TN THE BAYLOR SCHOOL IS A CO-EDUCATIONAL DAY AND BOARDING COLLEGE PREPARATORY INSTITUTION. 22 22 493 500 1133 133 7134687 9769943 31640083 33304447 4194968 6955007 553677 36039 43523415 50065436 7384885 7352721 0 0 18186784 18372665 88469 62322 1322692 16506725 17242551 42166863 43030259 1356552 7035177 213089661 226882147 36247271 38241876 176842390 188640271 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 33745533 7352721 33320671 EDUCATION OF MIDDLE- AND HIGH-SCHOOL STUDENTS; APPROXIMATELY 1,055 TOTAL STUDENTS 33745533 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 1 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 1 107 0 493 1 1 1 0 0 0 0 1 1 0 0 0 0 X 22 22 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 CHRISTOPHER P CRIMMINS BOARD CHAIRMAN 2.00 X X 0 0 0 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 HENRY CRAFT O'NEAL 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 T SCOTT SMITH 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 SCOTT WILSON PRESIDENT/HEADMASTER 40.00 X X 341367 0 41481 DALLAS JOSEPH JR TREASURER & VP OF FINANCE/ 40.00 X X 257180 0 35787 CARTER LYNCH SECRETARY - (NONVOTING) 2.00 X 0 0 0 JENNIFER COOKSTON CONTROLLER 40.00 X 112415 0 11404 SHAW WILSON ASSISTANT HEADMASTER 40.00 X 153423 0 15186 JAMES KENNEDY DIR. OF ADMISSIONS & ENROL 40.00 X 148841 0 11597 WILLIS MURDOCK DIR. OF FINANCIAL AID 40.00 X 128340 0 17934 MATT LEWIS CHIEF ADVANCEMENT OFFICER 40.00 X 138132 0 11180 BARBARA KENNEDY DIRECTOR OF EXTERNAL AFFAIRS 40.00 X 109943 0 16791 1389641 0 161360 19 0 1 0 MORGAN CONSTRUCTION CO INC PO BOX 4404 CHATTANOOGA TN 37405 CONSTRUCTION 8209331 SODEXO PO BOX 536922 ATLANTA GA 30353 FOOD SERVICE 1908588 MOUNTAIN CITY LANDSCAPE 4131 SOUTH CREEK ROAD CHATTANOOGA TN 37406 LANDSCAPING SERVICES 664896 WALDEN SECURITY PO BOX 742189 ATLANTA GA 30374 SECURITY SERVICES 264285 LAWSON ELECTRIC PO BOX 4244 CHATTANOOGA TN 37405 ELECTRICAL WORK 203073 17 9769943 277650 9769943 TUITION & FEES 611710 30846079 30846079 INSTRUCTIONAL 611710 732775 732775 ATHLETICS 611710 694663 694663 SUMMER PROGRAM 611710 406234 406234 STUDENT ACTIVITIES FEE 611710 379599 379599 245097 245097 33304447 2105552 1133 2104419 19815 0 19815 19815 19815 9910587 4863088 198044 5047499 -198044 4849455 4849455 321924 305700 16224 16224 50065436 33320671 1133 6973689 7055564 7055564 297157 297157 1560266 1203848 275480 80938 14287407 11023873 2522460 741074 1203021 924051 216018 62952 219193 23292 189441 6460 1102778 872757 172078 57943 518435 208853 296304 13278 102786 102786 53882 53882 62322 62322 367781 367781 142055 50911 91144 1103056 854587 169923 78546 155024 107589 45858 1577 15622 15622 1121827 915886 163498 42443 459316 459316 3593432 3482036 102772 8624 1184982 455321 689608 40053 FOOD SERVICE 1607607 1607607 MAINTENANCE AND REPAIRS 1597180 1070177 523211 3792 FEES & COMMISSIONS 1508370 1461611 43139 3620 UTILITIES 1336264 1294840 38217 3207 2374932 819951 1439118 115863 43030259 33745533 7962034 1322692 28406778 27285395 6030555 6679560 1679365 1841539 196989 149551 568832 587213 114645026 50381857 57123436 64263169 117593285 124523564 1490421 1552156 213089661 226882147 958919 2047387 16488352 17154143 13000000 17837525 5800000 1041791 0 161030 36247271 38241876 X 116679957 123179038 28823776 32778354 31338657 32682879 176842390 188640271 213089661 226882147 X 7035177 4923734 -161030 X X 0 1 X 1 0 X 5115997 13041691 8307685 7166586 9770001 43401960 5115997 13041691 8307685 7166586 9770001 43401960 3435035 39966925 1769712 1597438 1064935 1462886 2125367 8020338 15856 24523 270387 310766 98524 564050 185876 956473 -144806 1660117 53393181 153545602 0.74850 0.74790 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. 116021117 3301177 10913072 4420961 499518 125314887 109954741 1149220 13611283 8046655 647472 116021117 126053052 1161614 -10893784 5917906 448235 109954741 118560599 1296538 11026525 4335058 495552 126053052 95657999 389787 26629660 3778198 338649 118560599 0.58400 0.26080 0.15520 0 0 2070947 2070947 88125237 41439821 46685416 14058290 8742036 5316254 10390552 200000 10190552 64263169 U.S. AND GLOBAL EX U.S. EQUITY 55008769 F FIXED INCOME 4081616 F HEDGE FUNDS 46854255 F REAL ESTATE 106785 F PRIVATE EQUITY 18472139 F 124523564 INTEREST RATE SWAP 161030 161030 X 49114339 4863089 564389 5427478 43686861 6378575 6378575 50065436 36957384 305700 305700 36651684 6378575 6378575 43030259 PART V, LINE 4: THE SCHOOL'S ENDOWMENT CONSISTS OF APPROXIMATELY 60 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. 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 32,516. CHANGE IN VALUE CSV CRT 28,129. BOOKSTORE COGS NETTED AGAINST BOOKSTORE REVENUE 305,700. LOSS ON PPE 198,044. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID REPORTED AS AN EXPENSE ON 990 6,378,575. PART XII, LINE 2D - OTHER ADJUSTMENTS: COGS NETTED AGAINST BOOK STORE SALES 305,700. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID REPORTED AS AN EXPENSE ON 990 6,378,575. 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 297157 FINANCIAL AID TO INTERNATIONAL STUDENTS BOOK 1 0 0 1 1 0 X X X X X 1 CAMPBELL & COMPANY ONE EAST WACKER DR SUITE 3350 CHICAGO IL 60601 CAPITAL CAMPAIGN ASSISTANCE 0 0 62322 -62322 62322 -62322 1 DAY STUDENT FINANCIAL AID 273 3387803 FMV TUITION CREDIT BOARDING STUDENT FINANCIAL AID 68 2246761 FMV TUITION CREDIT DEPENDENT TUITION REMISSION 63 981223 FMV TUITION CREDIT MERIT FINANCIAL AID 17 439777 FMV TUITION CREDIT PART I, LINE 2: THE SCHOOL PROVIDES FINANCIAL AID TO STUDENTS ATTENDING THE SCHOOL. ELIGIBILITY IS BASED ON THE APPLICATION DATA AND CALCULATIONS FROM A THIRD PARTY VENDOR. ANY AWARDS ARE TREATED AS A CREDIT TOWARDS THE AMOUNT OF TUITION DUE. SINCE THE RECIPIENTS DO NOT HAVE CONTROL OF THE FUNDS AT ANY POINT, FORMAL MONITORING IS NOT NECESSARY. X X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 SCOTT WILSON PRESIDENT/HEADMASTER 341367 0 0 0 0 0 28073 0 13408 0 382848 0 0 0 DALLAS JOSEPH JR TREASURER & VP OF FINANCE/ 240958 0 0 0 16222 0 30183 0 5604 0 292967 0 0 0 SHAW WILSON ASSISTANT HEADMASTER 153423 0 0 0 0 0 8229 0 6957 0 168609 0 0 0 JAMES KENNEDY DIR. OF ADMISSIONS & ENROL 148841 0 0 0 0 0 11597 0 0 0 160438 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 17836250 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 CARTER LYNCH SECRETARY (NON-VOTING) 99401 SEE EXPLANATION 0 RYAN CRIMMINS TRUSTEE 133612 SEE EXPLANATION 0 JOHN STOUT TRUSTEE 0 SEE EXPLANATION 0 PART IV (D) CARTER LYNCH IS EMPLOYED BY PATRICK, BEARD, SCHULMAN, & JACOWAY, PC, THE SCHOOL'S PRIMARY ATTORNEY.RYAN CRIMMINS OWNS LAWSON ELECTRIC, WHICH HANDLES ELECTRICAL WORK AND REPAIRS FOR THE SCHOOL.JOHN STOUT IS A MANAGING PARTNER OF POINTER MANAGEMENT, LLC, A FINANCIAL INVESTMENT MANAGEMENT COMPANY. THE SCHOOL CURRENTLY HAS $16,711,775 INVESTED WITH POINTER AS OF FISCAL YEAR ENDED JUNE 30, 2018. X 16 97218 FAIR MARKET VALUE X LANDSCAPING 1 180432 VALUE FROM VENDOR IN 2 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. 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 XI, LINE 9: INTEREST RATE SWAP LOSS -161,030. FORM 990, PART XII, LINE 2C: NO CHANGE