LOVETT SCHOOL: Form 990, tax year 2015
View the entire original 990 at ProPublica ↗
- Organization
- LOVETT SCHOOL (EIN 58-0619038)
- Tax period
- 2015-07-01 to 2016-06-30
- Filed
- 2017-05-12
- IRS object ID
- 201701329349304570
- Schema version
- 2015v3.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2017-05-12T13:42:15-05:00 | ReturnTs |
| Tax Period End | 2016-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 454084437 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Warren Averett LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | Six Concourse Parkway Suite 600 | AddressLine1Txt |
| City | Atlanta | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30328 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2015-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 580619038 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Lovett School Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | LOVE | BusinessNameControlTxt |
| Phone | 4042623032 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4075 Paces Ferry Road NW | AddressLine1Txt |
| City | Atlanta | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 303273099 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | William S Peebles IV | PersonNm |
| Person Title | Headmaster & CEO | PersonTitleTxt |
| Phone | 4042623032 | PhoneNum |
| Signature | 2017-05-12 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Susan Hill | PreparerPersonNm |
| PTIN | P00846200 | PTIN |
| Phone | 7703961100 | PhoneNum |
| Preparation | 2017-05-12 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2015 | TaxYr |
| Build TS | 2021-01-29 14:40:06Z | BuildTS |
Form 990 IRS990
Doing Business As Name DoingBusinessAsName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Lovett School | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | William S Peebles IV | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4075 Paces Ferry Road NW | AddressLine1Txt |
| City | Atlanta | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 303273099 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $70,530,411 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.lovett.org | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1926 | FormationYr |
| Legal Domicile State | GA | LegalDomicileStateCd |
| Activity Or Mission | The Lovett School is a K-12 school for families seeking excellence in learning. | ActivityOrMissionDesc |
| Voting Members Governing Body | 30 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 30 | VotingMembersIndependentCnt |
| Total Employee | 901 | TotalEmployeeCnt |
| Total Volunteers | 1500 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $13,518,015 | PYContributionsGrantsAmt |
| CY Contributions Grants | $9,140,349 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $42,771,267 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $44,928,571 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1,891,011 | PYInvestmentIncomeAmt |
| CY Investment Income | $4,813,548 | CYInvestmentIncomeAmt |
| PY Other Revenue | $559,459 | PYOtherRevenueAmt |
| CY Other Revenue | $629,064 | CYOtherRevenueAmt |
| PY Total Revenue | $58,739,752 | PYTotalRevenueAmt |
| CY Total Revenue | $59,511,532 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $2,900,000 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $3,095,820 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $33,960,754 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $35,101,404 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $27,867 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $21,647 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $2,870,398 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $15,564,977 | PYOtherExpensesAmt |
| CY Other Expenses | $17,753,147 | CYOtherExpensesAmt |
| PY Total Expenses | $52,453,598 | PYTotalExpensesAmt |
| CY Total Expenses | $55,972,018 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $6,286,154 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $3,539,514 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $230,580,740 | TotalAssetsBOYAmt |
| Total Assets EOY | $225,384,912 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $68,670,396 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $66,619,950 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $161,910,344 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $158,764,962 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | The Lovett School is a community that seeks to develop young men and women of honor, faith, and wisdom with the character and intellect to thrive in college and in life. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $41,669,964 | ExpenseAmt |
| Grant | $3,095,820 | GrantAmt |
| Revenue | $43,078,505 | RevenueAmt |
| Desc | The Lovett School was founded in 1926 by Eva Edwards Lovett and retains her emphasis on the development of the whole child. Lovett believes that it is the school's responsibility to develop fundamental skills, a love of learning, and the application of good judgment to what is learned. Distinctive features of the curriculum include experiential education and interdisciplinary studies. Comprehensive Fine Arts programs are offered in each school division and a full athletic program provides each student an opportunity to experience the value of team effort and sportsmanship. Students participate in a variety of community service activities, and nondenominational chapel services are held weekly in all school divisions. SEE SCHEDULE O FOR CONTINUATION.Lovett seeks students from all ethnic, cultural, racial, and religious backgrounds who can benefit from a challenging academic program. The student body is approximately 1,600. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $2,612,581 | ExpenseAmt |
| Revenue | $1,884,866 | RevenueAmt |
| Desc | Lovett offers after school activities, extended day programs, summer school courses, summer camps and other enrichment opportunities to students including learning enhancement programs in all academic subjects and the arts which further benefit the student body and other persons within the Lovett Community, as well as others outside of the Lovett Community. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $1,102,187 | ExpenseAmt |
| Revenue | $175,022 | RevenueAmt |
| Desc | Other unique programs include Breakthrough Atlanta which is a six-week, academic and leadership development program that matches high school and college-aged volunteers and aspiring teachers with underserved middle school students from Atlanta's public schools. The program teaches college preparatory and personal skills that increase these student's chances of college admission and of obtaining a college degree. At the same time, the program inspires and nurtures a future generation of young teachers. Lovett's Siempre Verde is a protected preserve of cloud forest property in Ecuador owned and supported by Lovett to promote environmental and conservation education. SEE SCHEDULE O FOR CONTINUATION.The educational institution offers students, and other persons both within the Lovett Community, as well as outside of the Lovett Community, an opportunity to learn about environmental protection, preservation, and conservation methods through research and the exchange of ideas. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $45,384,732 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (1) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | Yes (1) | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | Yes (1) | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | Yes (1) | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 70 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 901 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | Yes (1) | ForeignFinancialAccountInd |
| Foreign Country | EC | ForeignCountryCd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 30 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 30 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | GA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Angie Carrano CFO | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 4042623032 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4075 Paces Ferry Road NW | AddressLine1Txt |
| City | Atlanta | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 303273099 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (39 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| Katherine J Bayne | |||||||
| Active Trustee | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| Katherine Rowland Boudreau | |||||||
| Active Trustee | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| Brian MJ Boutte | |||||||
| Active Trustee | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| Malon W Courts | |||||||
| Active Trustee | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| R Reid French Jr | |||||||
| Active Trustee | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| Deborah Hodge Harrison | |||||||
| Active Trustee | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| William F Henagan | |||||||
| Active Trustee | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| Dabney Mann Hollis | |||||||
| Active Trustee | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| David B Kahn | |||||||
| Active Trustee | 0.50 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| John O Knox Jr | |||||||
| Active Trustee | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| Amy Rollins Kreisler | |||||||
| Active Trustee | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| Chandru Krishnamurthy | |||||||
| Active Trustee | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| Kathryn McCain Lee | |||||||
| Active Trustee | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| Anne Helms Marino | |||||||
| Active Trustee | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| Jane Kerr Mathews | |||||||
| Active Trustee | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| Edward D McCrady | |||||||
| Active Trustee | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| James B Meyer | |||||||
| Active Trustee | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| Eileen Keough Millard | |||||||
| Active Trustee | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| Carla Y Neal-Haley MD | |||||||
| Active Trustee | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| Jeffrey L Portman Sr | |||||||
| Active Trustee | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| Brady L Rackley III | |||||||
| Active Trustee | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| Nancy B Robitaille | |||||||
| Active Trustee | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| Lawrence M Schall | |||||||
| Active Trustee | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| F Blair Schmidt-Fellner | |||||||
| Active Trustee | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| Richard F Smith | |||||||
| Active Trustee | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| SEE CONTINUATION | |||||||
| ON PAGE 9 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| John R Wells | |||||||
| Active Trustee | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| Elizabeth B West | |||||||
| Active Trustee | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| John Keith White | |||||||
| Active Trustee | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| Brig Gen Burke W Whitman | |||||||
| Active Trustee | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| Frank L Wilson III | |||||||
| Active Trustee | 0.50 | Yes (X) | $0 | $0 | $0 | ||
| William S Peebles IV | |||||||
| Headmaster and CEO | 40.00 | $631,396 | $0 | $215,649 | Yes (X) | ||
| David Meriwether Jr | |||||||
| Imm. Past Chief Financial Officer | 40.00 | $352,407 | $0 | $25,047 | Yes (X) | ||
| Angela Carrano | |||||||
| Chief Financial Officer | 40.00 | $123,892 | $0 | $15,407 | Yes (X) | ||
| Steven Allen | |||||||
| Chaplain | 40.00 | $167,834 | $0 | $29,655 | Yes (X) | ||
| Andrew Spencer | |||||||
| Chief Advancement Officer | 40.00 | $166,032 | $0 | $21,334 | Yes (X) | ||
| Daniel Alig | |||||||
| Upper School Principal | 40.00 | $160,224 | $0 | $42,770 | Yes (X) | ||
| R Steven Franks | |||||||
| Athletic Director | 40.00 | $146,142 | $0 | $26,444 | Yes (X) | ||
| W Gregory Hamrick | |||||||
| Director of Information Technology | 40.00 | $123,415 | $0 | $32,780 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,871,342 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $409,086 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 23 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Brasfield & Gorrie | |||||
| 729 30th Street South | Birmingham | AL | 35233 | Contractor | $9,967,220 |
| Gay Construction | |||||
| 2907 Log Cabin Drive | Smyrna | GA | 30080 | Contractor | $599,070 |
| Centimark Corporation | |||||
| 12 Grandview Circle | Canonsburg | PA | 15317 | Roofing contractor | $288,933 |
| Collins Cooper Carusi Architects | |||||
| 3391 Peachtree Road NE Suite 400 | Atlanta | GA | 30326 | Architect | $158,776 |
| Carter & Associates | |||||
| 171 17th Street Suite 1200 | Atlanta | GA | 30363 | Planning & contruction consulting | $158,490 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
| Membership Dues | $30,290 | MembershipDuesAmt |
| Fundraising | $264,590 | FundraisingAmt |
| All Other Contributions | $8,845,469 | AllOtherContributionsAmt |
| Noncash Contributions | $244,080 | NoncashContributionsAmt |
| Total Contributions | $9,140,349 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| Tuition | 611110 | $40,080,821 | $40,080,821 |
| Fees | 611110 | $2,545,754 | $2,545,754 |
| Programs | 611110 | $2,064,743 | $2,064,743 |
| Athletics | 611110 | $237,253 | $237,253 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $44,928,571 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,313,184 | TotalRevenueColumnAmt |
| Exclusion | $1,313,184 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $103,797 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $195,731 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | -$91,934 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$91,934 | TotalRevenueColumnAmt |
| Exclusion | -$91,934 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $10,649,546 | SecuritiesAmt |
| Other | $1,537,793 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $7,526,859 | SecuritiesAmt |
| Other | $1,160,116 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $3,122,687 | SecuritiesAmt |
| Other | $377,677 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,500,364 | TotalRevenueColumnAmt |
| Exclusion | $3,500,364 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $579,371 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $264,590 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $395,920 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $183,451 | TotalRevenueColumnAmt |
| Exclusion | $183,451 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gaming Gross Income | $49,800 | GamingGrossIncomeAmt |
| Gaming Direct Expenses | $110 | GamingDirectExpensesAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $49,690 | TotalRevenueColumnAmt |
| Exclusion | $49,690 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $2,018,178 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $1,740,143 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $278,035 | TotalRevenueColumnAmt |
| Exclusion | $278,035 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| Other educational income | 611110 | $132,416 | $132,416 |
| Dues | 611110 | $77,406 | $77,406 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $209,822 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $59,511,532 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $45,138,393 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $5,232,790 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,095,820 | TotalAmt |
| Program Services | $3,095,820 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $840,676 | TotalAmt |
| Management And General | $840,676 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $26,073,690 | TotalAmt |
| Program Services | $21,947,353 | ProgramServicesAmt |
| Management And General | $2,791,658 | ManagementAndGeneralAmt |
| Fundraising | $1,334,679 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,583,499 | TotalAmt |
| Program Services | $2,215,795 | ProgramServicesAmt |
| Management And General | $232,955 | ManagementAndGeneralAmt |
| Fundraising | $134,749 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,660,006 | TotalAmt |
| Program Services | $3,097,903 | ProgramServicesAmt |
| Management And General | $373,711 | ManagementAndGeneralAmt |
| Fundraising | $188,392 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,943,533 | TotalAmt |
| Program Services | $1,642,198 | ProgramServicesAmt |
| Management And General | $203,867 | ManagementAndGeneralAmt |
| Fundraising | $97,468 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $57,877 | TotalAmt |
| Program Services | $13,400 | ProgramServicesAmt |
| Management And General | $44,477 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $61,560 | TotalAmt |
| Management And General | $61,560 | ManagementAndGeneralAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $21,647 | TotalAmt |
| Fundraising | $21,647 | FundraisingAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $95,437 | TotalAmt |
| Management And General | $95,437 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $534,191 | TotalAmt |
| Program Services | $168,356 | ProgramServicesAmt |
| Management And General | $289,222 | ManagementAndGeneralAmt |
| Fundraising | $76,613 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $166,455 | TotalAmt |
| Program Services | $24,485 | ProgramServicesAmt |
| Management And General | $113,694 | ManagementAndGeneralAmt |
| Fundraising | $28,276 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,851,925 | TotalAmt |
| Program Services | $1,250,382 | ProgramServicesAmt |
| Management And General | $306,393 | ManagementAndGeneralAmt |
| Fundraising | $295,150 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,739,406 | TotalAmt |
| Program Services | $1,158,270 | ProgramServicesAmt |
| Management And General | $581,136 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,518,805 | TotalAmt |
| Program Services | $1,304,456 | ProgramServicesAmt |
| Management And General | $140,599 | ManagementAndGeneralAmt |
| Fundraising | $73,750 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $214,413 | TotalAmt |
| Program Services | $147,220 | ProgramServicesAmt |
| Management And General | $41,290 | ManagementAndGeneralAmt |
| Fundraising | $25,903 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $200,426 | TotalAmt |
| Program Services | $127,145 | ProgramServicesAmt |
| Management And General | $62,630 | ManagementAndGeneralAmt |
| Fundraising | $10,651 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,407,956 | TotalAmt |
| Program Services | $1,214,791 | ProgramServicesAmt |
| Management And General | $124,484 | ManagementAndGeneralAmt |
| Fundraising | $68,681 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,728,818 | TotalAmt |
| Program Services | $5,783,173 | ProgramServicesAmt |
| Management And General | $618,681 | ManagementAndGeneralAmt |
| Fundraising | $326,964 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $592,326 | TotalAmt |
| Program Services | $5,000 | ProgramServicesAmt |
| Management And General | $587,326 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| Student trips, activtie | $1,750,766 | $1,741,211 | $9,555 | $0 |
| Meals and entertainment | $386,811 | $178,142 | $58,599 | $150,070 |
| Professional dues, memb | $284,107 | $113,051 | $133,651 | $37,405 |
| Endowment grants | $161,868 | $156,581 | $5,287 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $55,972,018 | TotalAmt |
| Program Services | $45,384,732 | ProgramServicesAmt |
| Management And General | $7,716,888 | ManagementAndGeneralAmt |
| Fundraising | $2,870,398 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,440 | BOYAmt |
| EOY | $1,940 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,924,460 | BOYAmt |
| EOY | $24,076,557 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,249,295 | BOYAmt |
| EOY | $9,437,884 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $223,833 | BOYAmt |
| EOY | $362,981 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,179 | BOYAmt |
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $259,573 | BOYAmt |
| EOY | $65,696 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $199,016 | BOYAmt |
| EOY | $198,328 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $900,107 | BOYAmt |
| EOY | $844,084 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $172,437,097 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $71,111,690 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $104,395,948 | BOYAmt |
| EOY | $101,325,407 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $53,165,688 | BOYAmt |
| EOY | $53,251,078 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $44,249,201 | BOYAmt |
| EOY | $35,820,957 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $230,580,740 | BOYAmt |
| EOY | $225,384,912 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,841,520 | BOYAmt |
| EOY | $3,201,474 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,521,634 | BOYAmt |
| EOY | $13,355,677 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $40,650,000 | BOYAmt |
| EOY | $38,550,000 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,657,242 | BOYAmt |
| EOY | $11,512,799 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $68,670,396 | BOYAmt |
| EOY | $66,619,950 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $96,405,207 | BOYAmt |
| EOY | $95,661,020 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $28,672,427 | BOYAmt |
| EOY | $22,621,951 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $36,832,710 | BOYAmt |
| EOY | $40,481,991 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $161,910,344 | BOYAmt |
| EOY | $158,764,962 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $230,580,740 | BOYAmt |
| EOY | $225,384,912 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $3,539,514 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$4,296,316 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$2,388,580 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $7,438,340 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $13,066,445 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $13,504,163 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $13,518,015 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $9,140,349 | CurrentTaxYearAmt |
| Total | $56,667,312 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $7,438,340 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $13,066,445 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $13,504,163 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $13,518,015 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $9,140,349 | CurrentTaxYearAmt |
| Total | $56,667,312 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $7,623,520 | SubstantialContributorsTotAmt |
| Public Support Total170 | $49,043,792 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,540,135 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,112,260 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,196,430 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,326,830 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,416,981 | CurrentTaxYearAmt |
| Total | $6,592,636 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $263,452 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $407,930 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $265,430 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $319,879 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $511,174 | CurrentTaxYearAmt |
| Total | $1,767,865 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $152,277 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $158,852 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $273,447 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $222,612 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $209,822 | CurrentTaxYearAmt |
| Total | $1,017,010 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $66,044,823 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $202,012,975 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.74260 | PublicSupportCY170Pct |
| Public Support PY170 | 0.75110 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule A, Part II, Section B, line 10: | FormAndLineReferenceDesc |
| Explanation | Other educational income and Dues are accumulations of individually insignificant transactions of revenues and expenses incurred during normal day-to-day operations of the Organization. For financial reporting purposes, these accumulated balances were deemed immaterial and were grouped with 'Other contributions and support' as reported on the Organization's audited financial statements. | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $91,966,303 | BeginningYearBalanceAmt |
| Contributions | $16,094,086 | ContributionsAmt |
| Investment Earnings Or Losses | -$42,294 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $15,092,999 | OtherExpendituresAmt |
| Administrative Expenses | $67,284 | AdministrativeExpensesAmt |
| End Year Balance | $92,857,812 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $89,438,880 | BeginningYearBalanceAmt |
| Contributions | $9,102,306 | ContributionsAmt |
| Investment Earnings Or Losses | $1,508,926 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $8,010,094 | OtherExpendituresAmt |
| Administrative Expenses | $73,715 | AdministrativeExpensesAmt |
| End Year Balance | $91,966,303 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $75,926,635 | BeginningYearBalanceAmt |
| Contributions | $9,201,819 | ContributionsAmt |
| Investment Earnings Or Losses | $11,485,632 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $7,111,648 | OtherExpendituresAmt |
| Administrative Expenses | $63,558 | AdministrativeExpensesAmt |
| End Year Balance | $89,438,880 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $70,730,036 | BeginningYearBalanceAmt |
| Contributions | $12,128,305 | ContributionsAmt |
| Investment Earnings Or Losses | $7,128,375 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $14,005,628 | OtherExpendituresAmt |
| Administrative Expenses | $54,453 | AdministrativeExpensesAmt |
| End Year Balance | $75,926,635 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $71,058,302 | BeginningYearBalanceAmt |
| Contributions | $7,701,495 | ContributionsAmt |
| Investment Earnings Or Losses | -$215,830 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $7,753,732 | OtherExpendituresAmt |
| Administrative Expenses | $60,200 | AdministrativeExpensesAmt |
| End Year Balance | $70,730,036 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.48770 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.39250 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.11990 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,288,521 | OtherCostOrOtherBasisAmt |
| Book Value | $2,288,521 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $122,291,147 | OtherCostOrOtherBasisAmt |
| Depreciation | $38,395,522 | DepreciationAmt |
| Book Value | $83,895,625 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $30,044,215 | OtherCostOrOtherBasisAmt |
| Depreciation | $20,025,766 | DepreciationAmt |
| Book Value | $10,018,449 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $8,020,327 | OtherCostOrOtherBasisAmt |
| Depreciation | $6,608,826 | DepreciationAmt |
| Book Value | $1,411,501 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $9,792,887 | OtherCostOrOtherBasisAmt |
| Depreciation | $6,081,576 | DepreciationAmt |
| Book Value | $3,711,311 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $101,325,407 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (4 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| Real estate | $1,082,107 | C |
| Comingled investment funds | $33,493,711 | C |
| Limited partnership interests | $832,500 | C |
| Cash surrender value of life insurance policies and other | $412,639 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $35,820,957 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)
| DescDesc | AmtAmt |
|---|---|
| Interest rate swap payable | $6,402,267 |
| Capital lease obligations | $1,223,341 |
| Postretirement benefit obligations | $3,402,203 |
| Other liabilities | $484,988 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $11,512,799 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $59,406,482 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$4,296,316 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $60,000 | DonatedServicesAndUseFcltsAmt |
| Other Revenue | $4,980,421 | OtherRevenueAmt |
| Revenue Not Reported | $744,105 | RevenueNotReportedAmt |
| Revenue Subtotal | $58,662,377 | RevenueSubtotalAmt |
| Other Revenues Not Included | $849,155 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $849,155 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $59,511,532 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $62,551,864 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $60,000 | DonatedServicesUseFcltsAmt |
| Other Expenses Included | $9,534,006 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $9,594,006 | ExpensesNotReportedAmt |
| Expenses Subtotal | $52,957,858 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $3,014,160 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $3,014,160 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $55,972,018 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part V, Line 4: | The primary financial objective of the endowment fund is to support the current and future operating and capital expenses of The Lovett School. |
| Part XI, Line 2d - Other Adjustments: | Endowment distribution 4,898,761. Food service cross charges 81,660. |
| Part XI, Line 4b - Other Adjustments: | Financial aid 3,095,820. Direct fundraising event and gaming expenses -396,030. Direct rental expenses -195,732. Cost of goods sold -1,740,143. Non-operating rental income 83,587. Other contributions 1,653. |
| Part XII, Line 2d - Other Adjustments: | Endowment distribution 4,898,761. Direct fundraising event and gaming expenses 396,030. Direct rental expenses 195,732. Cost of goods sold 1,740,143. Increase of allowance for doubtful accounts 893,624. Non-operating rental income -83,587. Other contributions -1,653. Loss on interest rate swap 1,494,956. |
| Part XII, Line 4b - Other Adjustments: | Financial aid 3,095,820. Food service cross charges -81,660. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | 0 | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule E, Part I, Line 3 | FormAndLineReferenceDesc |
| Explanation | The Lovett School's nondiscrimination policy is disclosed in School handbooks and policy manuals, printed materials provided to prospective students, families and employees, and on the School's website. Annually, the School publishes an advertisement in the local newspaper communicating the School's nondiscrimination policy. | ExplanationTxt |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Account Activities Outside US AccountActivitiesOutsideUSGrp (6 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|---|
| South America - Argentina, Bolivia, Brazil, Chile, Columbia, Ecuador, | 1 | 2 | Education and research | Siempre Verde provides environmental & conservation education for students, and for other persons, both within the Lovett Community, as well as outside of the Lovett Community. Siempre Verde is a protected preserve of cloud forest property in Ecuador owned and supported by Lovett to promote environmental and conservation education. The educational institution offers students, as well as other persons within and outside of the Lovett Community, an opportunity to learn about environmental protection and preservation and conservation methods through research and the exchange of ideas. | $258,212 |
| Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium | 0 | 0 | Program service | Student mission trip/study abroad program | $75,386 |
| North America | 0 | 0 | Program Service | Student photography workshop | $26,507 |
| Europe (Including Iceland & Greenland) | 0 | 0 | Program Service | Athletic Training and competition and cultural experience trip | $89,125 |
| Middle East and North Africa | 0 | 0 | Program Service | Study abroad trip | $79,463 |
| Central America and the Caribbean | 0 | 0 | Program service | Student mission trip | $56,800 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 1 | SubtotalOfficesCnt |
| Subtotal Employees | 2 | SubtotalEmployeesCnt |
| Continutation Total Office | 0 | ContinutationTotalOfficeCnt |
| Continutation Total Employee | 0 | ContinutationTotalEmployeeCnt |
| Total Office | 1 | TotalOfficeCnt |
| Total Employee | 2 | TotalEmployeeCnt |
| Subtotal Spent | $585,493 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $585,493 | TotalSpentAmt |
| Transfer To Foreign Corp | 0 | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | 0 | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | 0 | PassiveForeignInvestmestCoInd |
| Foreign Partnership | 0 | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part I, Line 2: | As it relates to Siempre Verde, wages are paid to foreign individuals through a third party accounting firm representing the School. Other payments to foreign individuals are made for required maintenance, cooking, and other services provided relating to the Siempre Verde property and facility in Ecuador. Program director makes periodic trips to the region and verifies use of funds transferred and, as reasonably available, obtains documentation. |
| Part I, line 3: | Mission trip and Study Abroad program expenses are almost entirely covered through fees collected from parents of students who participate in the programs. |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mail Solicitations | Yes (X) | MailSolicitationsInd |
| Email Solicitations | Yes (X) | EmailSolicitationsInd |
| Phone Solicitations | Yes (X) | PhoneSolicitationsInd |
| In Person Solicitations | Yes (X) | InPersonSolicitationsInd |
| Agrmt Prof Fundraising Acty | Yes (1) | AgrmtProfFundraisingActyInd |
Fundraiser Activity Info FundraiserActivityInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Ruffalo Noel Levitz | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1025 Kirkwood Parkway SW | AddressLine1Txt |
| City | Cedar Rapids | CityNm |
| State Abbreviation | IA | StateAbbreviationCd |
| ZIP | 52404 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activity | Professional fundraising services | ActivityTxt |
| Fundraiser Control Of Funds | 0 | FundraiserControlOfFundsInd |
| Gross Receipts | $18,432 | GrossReceiptsAmt |
| Retained By Contractor | $21,647 | RetainedByContractorAmt |
| Net To Organization | -$3,215 | NetToOrganizationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Gross Receipts | $18,432 | TotalGrossReceiptsAmt |
| Total Retained By Contractors | $21,647 | TotalRetainedByContractorsAmt |
| Total Net To Organization | -$3,215 | TotalNetToOrganizationAmt |
| Licensed States | GA | LicensedStatesCd |
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | Lovett Parent Association | Event1Nm |
| Gross Receipts Event1 | $430,884 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $113,015 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $317,869 | GrossRevenueEvent1Amt |
| Cash Prizes Event1 | $0 | CashPrizesEvent1Amt |
| Non Cash Prizes Event1 | $0 | NonCashPrizesEvent1Amt |
| Rent Facility Costs Event1 | $5,000 | RentFacilityCostsEvent1Amt |
| Other Direct Expenses Event1 | $130,981 | OtherDirectExpensesEvent1Amt |
| Event2 | Lovett Lionbackers | Event2Nm |
| Gross Receipts Event2 | $232,201 | GrossReceiptsEvent2Amt |
| Charitable Contri Event2 | $76,075 | CharitableContriEvent2Amt |
| Gross Revenue Event2 | $156,126 | GrossRevenueEvent2Amt |
| Cash Prizes Event2 | $0 | CashPrizesEvent2Amt |
| Non Cash Prizes Event2 | $10,909 | NonCashPrizesEvent2Amt |
| Rent Facility Costs Event2 | $26,362 | RentFacilityCostsEvent2Amt |
| Other Direct Expenses Event2 | $103,565 | OtherDirectExpensesEvent2Amt |
| Other Events Total | 3 | OtherEventsTotalCnt |
| Gross Receipts Other Events | $180,876 | GrossReceiptsOtherEventsAmt |
| Charitable Contri Other Events | $75,500 | CharitableContriOtherEventsAmt |
| Gross Revenue Other Events | $105,376 | GrossRevenueOtherEventsAmt |
| Cash Prizes Other Events | $0 | CashPrizesOtherEventsAmt |
| Non Cash Prizes Other Events | $0 | NonCashPrizesOtherEventsAmt |
| Rent Fclty Costs Other Events | $0 | RentFcltyCostsOtherEventsAmt |
| Oth Direct Expnss Other Events | $119,103 | OthDirectExpnssOtherEventsAmt |
| Gross Receipts Total | $843,961 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $264,590 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $579,371 | GrossRevenueTotalEventsAmt |
| Non Cash Prizes Total Events | $10,909 | NonCashPrizesTotalEventsAmt |
| Rent Fclty Costs Total Events | $31,362 | RentFcltyCostsTotalEventsAmt |
| Oth Direct Expnss Total Events | $353,649 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $395,920 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | $183,451 | NetIncomeSummaryAmt |
Gaming Information GamingInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Revenue Other Gaming | $49,800 | GrossRevenueOtherGamingAmt |
| Oth Direct Expnss Other Gaming | $110 | OthDirectExpnssOtherGamingAmt |
| Volunteer Labor Other Gaming | Yes (1) | VolunteerLaborOtherGamingInd |
| Volunteer Labor Other Gaming | 1.00000 | VolunteerLaborOtherGamingPct |
| Gross Revenue Total Gaming | $49,800 | GrossRevenueTotalGamingAmt |
| Oth Direct Expnss Total Gaming | $110 | OthDirectExpnssTotalGamingAmt |
| Direct Expense Summary Gaming | $110 | DirectExpenseSummaryGamingAmt |
| Net Gaming Income Summary | $49,690 | NetGamingIncomeSummaryAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| States Where Gaming Conducted | GA | StatesWhereGamingConductedCd |
| Licensed | Yes (1) | LicensedInd |
| License Suspended Etc | 0 | LicenseSuspendedEtcInd |
| Gaming With Nonmembers | 0 | GamingWithNonmembersInd |
| Member Of Other Entity | 0 | MemberOfOtherEntityInd |
| Gaming Own Facility | 1.00000 | GamingOwnFacilityPct |
| Gaming Other Facility | 0.00000 | GamingOtherFacilityPct |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Angie Carrano CFO | BusinessNameLine1Txt |
Persons With Books US Address PersonsWithBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4075 Paces Ferry Road NW | AddressLine1Txt |
| City | Atlanta | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 303273009 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct With3rd Prty For Game Rev | 0 | CntrctWith3rdPrtyForGameRevInd |
| Charitable Distribution Rqr | 0 | CharitableDistributionRqrInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule G, Part I, Line 2b: | FormAndLineReferenceDesc |
| Explanation | (i) Name of Professional Fundraising Service Provider: Ruffalo Noel Levitz (i) Address of Professional Fundraising Service Provider: 1025 Kirkwood Parkway SW, Cedar Rapids, IA 52404 (ii) Activity: Fundraiser provided program design, project team, data research/management, and phone-a-thon services for capital campaign and for the True Blue Annual Fund campaign (which solicits contributions from alumni for use in paying annual School operating and other expenses). Most fundraising is performed by volunteers. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | Financial aid for tuition and fees | GrantTypeTxt |
| Recipient | 222 | RecipientCnt |
| Cash Grant | $3,095,820 | CashGrantAmt |
| Valuation Method Used | Book | ValuationMethodUsedDesc |
| Non Cash Assistance | Not applicable | NonCashAssistanceDesc |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 2: | FormAndLineReferenceDesc |
| Explanation | The School provides financial aid to qualifying students that attend the School. The grants are treated as a reduction of revenue and are applied directly to tuition by the School. Since the School, not the recipients, maintains control of the financial aid funds, no formal monitoring process of recipients is necessary. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Idemnification Gross Up Pmts | Yes (X) | IdemnificationGrossUpPmtsInd |
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Personal Services | Yes (X) | PersonalServicesInd |
| Written Policy Ref T And E Expnss | 0 | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Severance Payment | Yes (1) | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | Yes (1) | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (7 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| William S Peebles IV | ||||||||||||||
| Headmaster and CEO | $333,068 | $0 | $100,000 | $0 | $198,328 | $0 | $118,939 | $0 | $97,273 | $0 | $847,608 | $0 | $94,907 | $0 |
| David Meriwether Jr | ||||||||||||||
| Imm. Past Chief Financial Officer | $232,660 | $0 | $0 | $0 | $119,747 | $0 | $0 | $0 | $25,588 | $0 | $377,995 | $0 | $100,000 | $0 |
| Steven Allen | ||||||||||||||
| Chaplain | $157,580 | $0 | $1,500 | $0 | $8,754 | $0 | $0 | $0 | $30,167 | $0 | $198,001 | $0 | $0 | $0 |
| Andrew Spencer | ||||||||||||||
| Chief Advancement Officer | $162,600 | $0 | $2,500 | $0 | $932 | $0 | $0 | $0 | $21,831 | $0 | $187,863 | $0 | $0 | $0 |
| Daniel Alig | ||||||||||||||
| Upper School Principal | $147,172 | $0 | $1,500 | $0 | $11,552 | $0 | $0 | $0 | $43,257 | $0 | $203,481 | $0 | $0 | $0 |
| R Steven Franks | ||||||||||||||
| Athletic Director | $142,729 | $0 | $0 | $0 | $3,413 | $0 | $0 | $0 | $26,910 | $0 | $173,052 | $0 | $0 | $0 |
| W Gregory Hamrick | ||||||||||||||
| Director of Information Technology | $122,743 | $0 | $0 | $0 | $672 | $0 | $0 | $0 | $33,239 | $0 | $156,654 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part I, Line 1a | William S. Peebles, IV - Residence for personal use, housekeeping services, tax indemnification, and gross up payments for long-term diability. David Meriwether, Steven Allen, Andrew Spencer, Daniel Alig, R. Steven Franks, W. Gregory Hamrick - Tax indemnification and gross up payments for long-term disability. |
| Part I, Line 1b | The Headmaster and CEO has an employment agreement that requires the Headmaster and CEO to use the residence at the School which includes necessary and reasonable maintenance. The residence at the School is frequently used to host School functions, functions for School contributors and other supporters, and for other School related purposes. |
| Part I, Lines 4a-b | Pursuant to an employment agreement, the School contributed to a supplemental nonqualified retirement plan on behalf of the Headmaster and CEO. Amounts contributed for the calendar year 2015 totaled $95,745 (Headmaster and CEO). Pursuant to an employment agreement, the Headmaster and CEO will receive a payment in June 2016 contingent on his continued employment through such date. |
| Part I, Line 6 | Pursuant to an employment agreement, the Executive Committee of the Board may approve compensation to the Headmaster and CEO based on reaching certain financial and non-financial goals. |
| Part II, Line (1)(B)(iii): | "Other reportable compensation" includes $193,940 for 457(f) Supplemental Retirement Plan nonqualified deferred compensation to which the Headmaster and CEO is entitled. |
| Part II, Line (1)(C): | "Retirement and other deferred compensation" consists of $118,939 for previously deferred sabbatical compensation to which the Headmaster and CEO is entitled but which had not been paid. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (2 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | CUSIPCUSIPNum | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|---|
| Development Authority of Fulton County | ||||||||
| A | 581506878 | 359900YS0 | 2012-08-16 | $35,500,000 | Current refunding of bonds issued 8/5/2009 | 0 | 0 | 0 |
| Development Authority of Fulton County | ||||||||
| B | 581506878 | 2014-07-25 | $9,150,000 | Construction of athletic facilities | 0 | 0 | 0 | |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (2 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Total ProceedsTotalProceedsAmt | Other Spent ProceedsOtherSpentProceedsAmt | Current RefundingCurrentRefundingInd | Advance RefundingAdvanceRefundingInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Capital ExpendituresCapitalExpendituresAmt | Substantial CompletionSubstantialCompletionYr |
|---|---|---|---|---|---|---|---|---|---|---|
| A | $6,100,000 | $35,500,000 | $35,500,000 | Yes (1) | 0 | Yes (1) | Yes (1) | |||
| B | $9,151,058 | 0 | 0 | Yes (1) | Yes (1) | $122,006 | $9,029,052 | 2015 |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (2 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Any Research AgreementsAnyResearchAgreementsInd | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | 0 | Yes (1) | 0 | 0 |
| B | 0 | 0 | 0 | 0 | Yes (1) | 0 | 0 |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (2 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | 0 | Yes (1) | Yes (1) | 0 | 0 | 0 | 0 |
| B | 0 | Yes (1) | 0 | 0 | Yes (1) | 0 | 0 | 0 | 0 |
Procedures Corrective Action ProceduresCorrectiveActionGrp (2 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | 0 |
| B | 0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule K, Part IV, line 2c, Column A | FormAndLineReferenceDesc |
| Explanation | A prior arbitrage rebate computation report was prepared for the period ending November 30, 2010. All prior proceeds were expended prior to the end of the 11/30/2010 computation date, and there were no cash proceeds in connection with the tax reissuance of the Bonds on 8/16/2012. | ExplanationTxt |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 44 | ContributionCnt |
| Noncash Contributions Rpt F990 | $244,080 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | Market quotations | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Section B, line 11 | The Audit Standing Committee of the Board reviews, comments upon, and as authorized in the School's corporate bylaws, approves the final version of the Form 990. Prior to filing the Form 990 each year, copies of the Form 990 approved by the Audit Standing Committee of the Board are provided for review by the School's Board of Trustees. |
| Form 990, Part VI, Section B, line 12c | Annually all members of the Board of Trustees, key employees, and highest compensated employees complete a conflict of interest and family and business relationship disclosure. |
| Form 990, Part VI, Section B, line 15 | On an annual basis, the Compensation Standing Committee reviews, negotiates and recommends the compensation and benefits package for the CEO and Headmaster of the School, and evaluates the performance of the CEO and Headmaster at minimum on a bi-annual basis. The Compensation Committee also reviews and evaluates the compensation and benefits packages for the Chief Financial Officer and for the top ten (10) compensated employees of the School. The Compensation Standing Committee performs its work with respect to the compensation and benefits package for the CEO and Headmaster in accordance with applicable Legal Requirements, including, but not limited to, all applicable rules, regulations and guidelines (sometimes collectively "IRS Guidelines") of the Internal Revenue Service ("IRS") with respect to the policies, processes, procedures and determinations (sometimes collectively "IRS Compliance Policies and Procedures") regarding payment of executive compensation and benefits by non-profit entities which have been granted tax exempt status under Section 501(c)(3) of the Internal Revenue Code, as the same may be amended from time to time, with the goal of establishing, and of paying or providing, as applicable, to the CEO and Headmaster of the School an executive compensation and benefits package during each School Year (or other relevant period of time) which is "fair and reasonable" (but not excessive") under applicable IRS Guidelines, and to endeavor to follow the IRS Compliance Policies and Procedures in a manner sufficient to create a "rebuttable presumption of reasonableness." In performing its work with respect to the compensation and benefits package for the CEO and Headmaster, the Compensation Standing Committee reviews and considers compensation and benefits packages for persons serving in comparable positions at other peer independent schools (which are required to file Form 990s), compensation surveys available from educational and other associations and groups of which the School is a member, as well as other relevant information and documentation. In accordance with IRS Compliance Policies and Procedures, the Compensation Standing Committee also prepares minutes, together with related documentation, memorializing performance of its work, and setting forth its recommendations, and the basis therefor (collectively "Recommendation Documentation"), being made to the Executive Committee of the Board regarding the executive compensation and benefits package for the CEO and Headmaster. On an annual basis, the Executive Committee of the Board of Trustees reviews and considers compensation and benefits packages for key employees and the top ten compensated employees of the School, including the School's CEO and Headmaster. In connection with such review and consideration process, the Executive Committee of the Board reviews and considers the Recommendation Documentation from the Compensation Standing Committee with respect to the CEO and Headmaster, as well as information and documentation regarding persons serving at other peer independent schools in positions comparable to such key employees and top ten compensated employees of the School, including information and documentation regarding compensation and benefits contained in Form 990s of other peer independent schools required to file Form 990s, compensation surveys available from educational and other associations and groups of which the School is a member, as well as other relevant information and documentation. Following such review and consideration process, the Executive Committee of the Board of Trustees provides approvals on behalf of the School for all such compensation and benefits packages for such key employees and the ten compensated employees of the School, including the School's CEO and Headmaster and the Chief Financial Officer. Minutes for the Meeting of the Executive Committee of the Board at which such approvals are made on behalf of the School for all such compensation and benefits packages are prepared and archived in the records of the Executive Committee of the Board. |
| Form 990, Part VI, Section C, line 19 | The School's Form 990 is made available upon request. The School's articles of incorporation and annual registration filings are available to the public from the Georgia Secretary of State Office Website. The School's bylaws, conflict of interest policy, and audited financial statements may also be made available upon request. |
| Form 990, Part VI, Section A, line 7a: | The Governance Committee shall present to the Board nominations for Trustees and officers to be elected by the Board. The Committee shall furnish information relating to the background and qualifications of all such nominees with the notice of the Board meeting at which an election or appointment is scheduled to be considered by the Board. The Committee, on an on-going basis, shall determine the characteristics and profile for Trustee candidates and shall maintain a current profile of the Board's membership composition to guide the selection process. The Committee shall annually review and evaluate the performance of incumbent Trustees and Board officers whose terms expire during such school year and who are eligible for reelection, and shall develop and help administer a program of orientation with the Board Chair and the Headmaster and CEO for newly-elected Trustees. |
| Form 990, Part VI, Section A, line 7b: | Board Standing Committees (and Board Special Committees when and if created) are authorized to make certain recommendations to Executive Committee of the Board of Trustees or to the full Board of Trustees as provided in the School's corporate bylaws, but such Board Standing Committees and, if applicable, Board Special Committees are not authorized to make any final decisions or approvals on behalf of the School except in certain limited circumstances. All final decisions and approvals on behalf of the School are made by the Executive Committee of the Board of Trustees or by the full Board of Trustees as provided in the School's corporate bylaws, except for a limited number of final decisions and approvals authorized to be made as specified in the School's corporate bylaws by the Endowment Standing Committee or by the Audit Standing Committee, as applicable. |
| Part IX, Line 25, Column D | Total fundraising expenses incurred of $2,870,398 are almost entirely internal expenses of the School and include direct and indirect expenses. Direct expenses are attributed to the School's advancement department operating expenses, including expenses for advancement department personnel. Indirect expenses (i.e. depreciation) are allocated by the School's management based upon identified cost drivers associated with fundraising and the School's advancement department. |
| Form 990, Part XI, line 9: | Interest swap gain -1,494,956. Increase in allowance for doubtful accounts -893,624. |