Civic Intelligence

The Mccallie School

EIN 62-0475837 • 501(c)3 • Chattanooga, TN

Profile

Mccallie is a private school with state-of-the-art facilities nestled on 100 acres on chattanooga's missionary ridge. Since 1905, mccallie has remained committed to providing an outstanding college preparatory education program for boys.

500 Dodds AvenueChattanooga, TN 37404

www.mccallie.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

31st percentile

0.14x

Higher debt load relative to assets than 31% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Liabilities / Revenue

61st percentile

0.63x

Higher debt load relative to revenue than 61% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Net Margin

56th percentile

5.9%

Higher net margin than 56% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Top Officer Pay

55th percentile

$940,591

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 1.5% of source-year revenue.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Asset Growth

54th percentile

7.0%

Faster asset growth than 54% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Revenue Growth

24th percentile

1.0%

Faster revenue growth than 24% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Assets

Up

$284,716,822

Up $18,519,305 (+7.0%) from 2023

Liabilities

Down

$40,330,964

Down $2,280,117 (-5.4%) from 2023

Net Assets

Up

$244,385,858

Up $20,799,422 (+9.3%) from 2023

Revenue

Up

$64,219,726

Up $613,426 (+1.0%) from 2023

Expenses

Up

$60,456,011

Up $3,439,175 (+6.0%) from 2023

Net Income

Down

$3,763,715

Down $2,825,749 (-43%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300M$200M$100M$0Assets 2010: $160,446,194Liabilities 2010: $55,199,467Net Assets 2010: $105,246,7272010Assets 2011: $169,873,587Liabilities 2011: $52,884,420Net Assets 2011: $116,989,1672011Assets 2012: $166,142,287Liabilities 2012: $59,006,030Net Assets 2012: $107,136,2572012Assets 2013: $177,736,235Liabilities 2013: $53,341,291Net Assets 2013: $124,394,9442013Assets 2014: $209,903,557Liabilities 2014: $51,879,632Net Assets 2014: $158,023,9252014Assets 2015: $210,966,832Liabilities 2015: $53,092,847Net Assets 2015: $157,873,9852015Assets 2016: $202,285,239Liabilities 2016: $60,875,910Net Assets 2016: $141,409,3292016Assets 2017: $224,001,585Liabilities 2017: $52,971,304Net Assets 2017: $171,030,2812017Assets 2018: $237,734,050Liabilities 2018: $49,892,474Net Assets 2018: $187,841,5762018Assets 2019: $239,980,253Liabilities 2019: $49,387,261Net Assets 2019: $190,592,9922019Assets 2020: $246,097,141Liabilities 2020: $57,584,104Net Assets 2020: $188,513,0372020Assets 2021: $273,358,860Liabilities 2021: $45,734,152Net Assets 2021: $227,624,7082021Assets 2022: $251,954,499Liabilities 2022: $42,099,266Net Assets 2022: $209,855,2332022Assets 2023: $266,197,517Liabilities 2023: $42,611,081Net Assets 2023: $223,586,4362023Assets 2024: $284,716,822Liabilities 2024: $40,330,964Net Assets 2024: $244,385,8582024

Highlighted filing

2024

Assets$284,716,822
Liabilities$40,330,964
Net Assets$244,385,858

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100M$50M$0-$50MExpenses 2010: $33,678,7832010Expenses 2011: $32,048,4502011Revenue 2012: $32,912,133Expenses 2012: $36,177,417Net Income 2012: -$3,265,2842012Expenses 2013: $31,240,2732013Revenue 2014: $54,696,177Expenses 2014: $34,661,235Net Income 2014: $20,034,9422014Revenue 2015: $34,411,708Expenses 2015: $36,660,300Net Income 2015: -$2,248,5922015Revenue 2016: $38,150,801Expenses 2016: $38,413,995Net Income 2016: -$263,1942016Revenue 2017: $66,151,253Expenses 2017: $42,938,222Net Income 2017: $23,213,0312017Revenue 2018: $49,372,337Expenses 2018: $44,133,570Net Income 2018: $5,238,7672018Revenue 2019: $55,517,645Expenses 2019: $51,725,827Net Income 2019: $3,791,8182019Revenue 2020: $52,962,478Expenses 2020: $45,450,102Net Income 2020: $7,512,3762020Revenue 2021: $60,303,324Expenses 2021: $44,932,788Net Income 2021: $15,370,5362021Revenue 2022: $79,356,942Expenses 2022: $50,273,393Net Income 2022: $29,083,5492022Revenue 2023: $63,606,300Expenses 2023: $57,016,836Net Income 2023: $6,589,4642023Revenue 2024: $64,219,726Expenses 2024: $60,456,011Net Income 2024: $3,763,7152024

Highlighted filing

2024

Revenue$64,219,726
Expenses$60,456,011
Net Income$3,763,715

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$285$40.3$244$64.2$60.5$3.76
2023Detailed filing. Detailed filing data is available for this year.$266$42.6$224$63.6$57.0$6.59
2022Detailed filing. Detailed filing data is available for this year.$252$42.1$210$79.4$50.3$29.1
2021Detailed filing. Detailed filing data is available for this year.$273$45.7$228$60.3$44.9$15.4
2020Detailed filing. Detailed filing data is available for this year.$246$57.6$189$53.0$45.5$7.51
2019Detailed filing. Detailed filing data is available for this year.$240$49.4$191$55.5$51.7$3.79
2018Detailed filing. Detailed filing data is available for this year.$238$49.9$188$49.4$44.1$5.24
2017Detailed filing. Detailed filing data is available for this year.$224$53.0$171$66.2$42.9$23.2
2016Detailed filing. Detailed filing data is available for this year.$202$60.9$141$38.2$38.4$0.26
2015Detailed filing. Detailed filing data is available for this year.$211$53.1$158$34.4$36.7$2.25
2014Detailed filing. Detailed filing data is available for this year.$210$51.9$158$54.7$34.7$20.0
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$178$53.3$124$31.2
2012Summary only. Only limited summary data is available for this year.$166$59.0$107$32.9$36.2$3.27
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$170$52.9$117$32.0
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$160$55.2$105$33.7
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$82,242,951
Mission and Program Overview

Mission

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.

For the conduct of a private day and boarding school serving boys in grades 6-12.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$113,504,149$115,765,233▲ $2,261,084
Land, Buildings, and Equipment, Net$79,992,504$83,960,797▲ $3,968,293
Investments Other Securities$37,560,562$50,714,889▲ $13,154,327
Savings and Temporary Cash Investments$14,145,045$11,950,253▼ $2,194,792
Pledges and Grants Receivable$6,078,873$8,651,853▲ $2,572,980
Cash and Non-Interest-Bearing Accounts$4,325,397$3,894,742▼ $430,655
Prepaid Expenses and Deferred Charges$2,405,770$2,977,989▲ $572,219
Accounts Receivable$2,027,842$2,707,052▲ $679,210
Inventories for Sale or Use$216,757$315,134▲ $98,377
Other Notes and Loans Receivable, Net$27,622$16,409▼ $11,213
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$266,197,517$284,716,822▲ $18,519,305
Other Assets Total$5,912,996$3,762,471▼ $2,150,525
Liabilities
Mortgage Notes Payable Secured by Investment Property$29,246,275$26,789,917▼ $2,456,358
Deferred Revenue$9,118,340$9,689,235▲ $570,895
Accounts Payable and Accrued Expenses$3,102,686$2,675,693▼ $426,993
Other Liabilities$1,128,682$1,112,601▼ $16,081
Unsecured Notes Loans Payable$15,098$63,518▲ $48,420
Grants Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$42,611,081$40,330,964▼ $2,280,117
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$121,375,997$129,067,815▲ $7,691,818
Net Assets With Donor Restrictions$102,210,439$115,318,043▲ $13,107,604
Total Net Assets Fund Balance$223,586,436$244,385,858▲ $20,799,422
Total Liabilities and Net Assets / Fund Balance$266,197,517$284,716,822▲ $18,519,305

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$50,382,181$46,672,941$97,055,122
Other Land Buildings$15,398,463$9,838,299$25,236,762
Land$14,472,891-$14,472,891
Equipment$3,707,262$8,495,910$12,203,172
Other Securities$50,714,889--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$154,611,594$1,387,069▲ $21,573,284$8,947,336$166,551,371
2022$147,545,870$3,242,652▲ $14,105,875$8,392,910$154,611,594
2021$171,826,136$4,514,624▼ $19,447,951$7,435,086$147,545,870
2020$141,989,625$5,366,362▲ $33,261,711$6,945,514$171,826,136
2019$141,088,937$3,792,990▲ $3,958,222$5,090,148$141,989,625
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
A Lee Burns IiiHead of SchoolFT$543,528$401,102$944,630
Kenneth a ShollAssistant Head of SchoolFT$239,272$45,015$284,287
Elizabeth a WilsonChief Financial OfficerFT$173,625$81,001$254,626
Andrew C HirtDean of Enrollment ManagementFT$165,001$77,959$242,960
Steven B HearnVP for AdvancementFT$156,506$58,687$215,193
Scotty L JonesMiddle School PrincipalFT$131,513$60,782$192,295
Craig a IngvalsonSr Director of Leadership GivingFT$143,494$47,830$191,324
Thomas HayesChief of StaffFT$124,471$59,030$183,501
Ralph J PotterHead Football CoachFT$154,644$28,115$182,759
Henry L HoppingUpper School PrincipalFT$142,443$34,422$176,865
Robert K WalkerFormer Head of School-$125,000$4,465$129,465

Highest Paid Contractors

ContractorServicesLocationCompensation
Tkc Management Services LLCPhysical Plant Mgmt5400 CAMERON VALLEY PKWY STE 400, Charlotte, NC 28211$2,975,256
Sodexo INC AffiliatesDining ServicesPO BOX 360170, Pittsburgh, PA 15251$2,867,079
Bsn Sports LLCCustom SportswearPO BOX 841393, Dallas, TX 75284$259,197
Cambridge Associates LLCInvestment AdvisorsPO BOX 412015, Boston, MA 02241$229,778
Caughman CaughmanArchitectsPO BOX 4888, Chattanooga, TN 37405$169,397
Revenue and Support

Revenue Composition

Contributions and Grants
$10,934,379
Program Service Revenue
$47,347,831
Investment Income
$5,852,678
Other Revenue
$84,838
All Other Contributions
$10,504,091
Change in Net Assets
$3,763,715

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded61$1,557,300Fair Market Value (FMV)
Other Non Cash Contri Table243$257,503Fair Market Value (FMV)
Total Noncash Contributions304$1,814,803-

Audited Revenue Reconciliation

Revenue per Audited Statements
$50,646,344
Revenue Not Reported on Financial Statements
$13,573,382
Revenue Not Reported on Form 990
$17,899,936
Other Revenue Adjustments
$13,348,382
Total Revenue per Audited Statements
$68,546,280
Total Revenue per Form 990
$64,219,726
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$24,970,828
Other Expenses$22,470,983
Grants and Similar Amounts Paid$13,014,200
Total Fundraising Expense$3,236,354
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$14,481,536$947,696$1,304,403$16,733,635
Grants to Domestic Individuals$10,960,380--$10,960,380
Occupancy$5,853,289$557,975$348,393$6,759,657
Fees for Services Other$4,004,444$628,385$354,217$4,987,046
Depreciation Depletion$3,634,466$363,447$40,383$4,038,296
Other Employee Benefits$2,504,617$380,880$509,272$3,394,769
Foreign Grants$2,048,820--$2,048,820
Current Officers, Directors, Trustees, and Key Employees$1,701,886$124,731$154,351$1,980,968
Payroll Taxes$1,378,240$137,824$15,314$1,531,378
Pension Plan Contributions$1,197,070$119,707$13,301$1,330,078
Travel$1,102,229$24,177$130,046$1,256,452
Interest-$690,095-$690,095
Insurance$373,140$223,797$26,532$623,469
Office Expenses$259,695$65,780$86,740$412,215
Fees for Service Investment Mgmnt Fees-$273,823-$273,823
Advertising$204,692-$33,583$238,275
Other Expenses$178,019$46,443$1,978$226,440
All Other Expenses$95,781$13,568$4,689$114,038
Fees for Services Accounting-$97,650-$97,650
Fees for Services Legal-$42,183-$42,183
Grants to Domestic Orgs$5,000--$5,000
Total Functional Expenses$52,378,113$4,841,544$3,236,354$60,456,011

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$60,456,011
Total Expenses per Audited Statements$47,746,858
Expenses per Audited Statements$47,216,811
Expenses Not Reported on Financial Statements$13,239,200
Other Expense Adjustments$13,014,200
Expenses Not Reported on Form 990$530,047
International Activity

International Summary

Spending
$29,775,555

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
Yes
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the CaribbeanInvestmentsTuition Discount--$27,503,705
North AmericaGrantmakingTuition Discount--$927,230
Central America and the CaribbeanGrantmakingTuition Discount--$346,980
Sub-Saharan AfricaGrantmakingTuition Discount--$324,380
Europe (Including Iceland and Greenland)GrantmakingStudent Trip--$317,820
East Asia and the PacificGrantmakingTuition Discount--$132,410
Central America and the CaribbeanProgram ServicesStudent Trip--$64,025
East Asia and the PacificProgram ServicesAdmission Travel--$55,516
Europe (Including Iceland and Greenland)Program ServicesStudent Trip--$40,549
South AmericaProgram ServicesStudent Trip--$39,020
East Asia and the PacificProgram ServicesAdmission Travel--$12,060
Europe (Including Iceland and Greenland)Program ServicesAthletics--$6,128
North AmericaProgram ServicesProfessional Develop--$3,129
North AmericaProgram ServicesAdmission Travel--$1,583
Europe (Including Iceland and Greenland)Program Services---$551
Central America and the CaribbeanProgram ServicesAdmission Travel--$469
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$357,556
Fundraising Gross Income$277,559
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Auction$531,773$240,335$85,489$154,846
Golf Tournament$119,670$33,520$34,151$-631
Total Events$707,847$277,559$357,556$-79,997
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Substantial ContributorSee Suppl. Info BelowGrounds ManagementNo$3,173,000
Callie Sholl-burnsDaughter of Key EmployeeSalary & BenefitsNo$108,879
Patrick ShollSon of Key EmployeeCommissionsNo$35,800
Penny ShollWife of Key EmployeeSalary and BenefitsNo$16,055
Andrew BurnsSon in Law of Key EmployeeSalary & BenefitsNo$11,854

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Compensation$728,885
Annuity Payable$297,260
Agency Funds$86,456
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
Yes
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

A. Lee burns (officer) and james w. Burns (director) - 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 compensation studies in preparation of multi-year contracts and comparability information provided by the chief financial officer on an interim basis 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.

Filing and Contact Details

Filer

Filer Name
The Mccallie School
EIN
62-0475837
In Care Of
% ELIZABETH WILSON
Phone
4236248300
Address
500 DODDS AVENUE, CHATTANOOGA, TN 37404

Signing Officer

Name
Elizabeth Wilson
Title
CFO
Phone
4046248300
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
A Lee Burns Iii
Formed
1905
Legal Domicile
Tn
Voting Board Members
22
Independent Board Members
20
Employees
637
Volunteers
500

Preparer

Firm
Smith & Howard Advisory LLC
Address
271 17TH STREET NW SUITE 2100, ATLANTA, GA 30363
Preparer
Sabre J Linahan
Phone
4048746244
Supplemental Narrative

Additional Explanations

Form 990, Part X, Line 12

During 2020, mccallie entered into a joint venture agreement with girls preparatory school ("gps") for the design, construction, and operation of a rowing facility consisting of a boathouse and a dock located on the tennessee river, to be used to accommodate gpsmccallie's respective crew programs. Mccallie accounts for its 50% interest in the jv using the equity method of accounting. As of june 30, 2022, the facility is fully operational. Gps is an unrelated 501(c)(3) organization.

Form 990, Part XI, Line 9

(71,005) split interest agreement + 1,038,102 fasb 158 pension obligation + (65,749) joint venture -------------- 901,348 total other changes

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.

Financial Statement Notes

Schedule D, 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.

Schedule D, Part X, Line 2

Mccallie is recognized as an organization exempt from income taxes under section 501(c)(3) of the internal revenue code (the "code"). Only unrelated business income, as defined by section 512(a)(1) of the code, is subject to income taxes. Mccallie's unrelated business income is not significant. 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, 2024, 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, 2021.

Schedule D, Part XI, Line 2D

172,491 cogs from inventory + 357,556 fundraising event expenses + 1,038,102 fasb 158 pension obligation ------------- 1,568,149

Schedule D, Part XI, Line 4B

197,428 bad debt write offs + 71,005 split interest arrangement change + 13,014,200 financial aid netted with tuition revenue + 65,749 invesment in joint venture amortization ------------- 13,348,382

Schedule D, Part XII, Line 2D

172,491 cogs from inventory + 357,556 fundraising event expenses ------------- 530,047

Schedule D, Part XII, Line 4B

13,014,200 financial aid netted with tuition revenue

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IRS990/Form990PartVIISectionAGrp/TitleTxt2CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DEAN OF ENROLLMENT MANAGEMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4VP FOR ADVANCEMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5MIDDLE SCHOOL PRINCIPAL
IRS990/Form990PartVIISectionAGrp/TitleTxt6SR DIR OF LEADERSHIP GIVING
IRS990/Form990PartVIISectionAGrp/TitleTxt7CHIEF OF STAFF
IRS990/Form990PartVIISectionAGrp/TitleTxt8HEAD FOOTBALL COACH
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IRS990/Form990PartVIISectionAGrp/TitleTxt10FORMER HEAD OF SCHOOL
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IRS990/Form990PartVIISectionAGrp/TitleTxt26TRUSTEE

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