Civic Intelligence

The Harpeth Hall School

EIN 62-0501916 • 501(c)3 • Nashville, TN

Profile

Independent college-preparatory education for girls in grades five through twelve

3801 Hobbs RoadNashville, TN 37215

www.harpethhall.org

Siviq Scores

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

Liabilities / Assets

30th percentile

0.11x

Higher debt load relative to assets than 30% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2023

Liabilities / Revenue

53rd percentile

0.48x

Higher debt load relative to revenue than 53% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2023

Net Margin

46th percentile

3.2%

Higher net margin than 46% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2023

Top Officer Pay

38th percentile

$393,819

Higher top officer pay than 38% of similar nonprofits.

Top officer pay equals 1.3% of source-year revenue.

501(c)3 • $100M-$250M nonprofits • Source year 2021

Asset Growth

49th percentile

5.7%

Faster asset growth than 49% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2022 to 2023

Revenue Growth

16th percentile

-9.8%

Faster revenue growth than 16% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2022 to 2023

Assets

Up

$144,746,113

Up $7,831,567 (+5.7%) from 2022

Liabilities

Up

$15,766,375

Up $210,195 (+1.4%) from 2022

Net Assets

Up

$128,979,738

Up $7,621,372 (+6.3%) from 2022

Revenue

Down

$32,594,929

Down $3,537,623 (-9.8%) from 2022

Expenses

Up

$31,561,557

Up $2,488,677 (+8.6%) from 2022

Net Income

Down

$1,033,372

Down $6,026,300 (-85%) from 2022

Trend Graphs

Balance Sheet Trend

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

$150M$100M$50M$0Assets 2011: $85,009,647Liabilities 2011: $13,761,444Net Assets 2011: $71,248,2032011Assets 2012: $87,222,878Liabilities 2012: $13,426,302Net Assets 2012: $73,796,5762012Assets 2013: $93,888,591Liabilities 2013: $11,701,429Net Assets 2013: $82,187,1622013Assets 2014: $111,000,705Liabilities 2014: $20,124,284Net Assets 2014: $90,876,4212014Assets 2015: $107,878,440Liabilities 2015: $16,976,655Net Assets 2015: $90,901,7852015Assets 2016: $103,745,947Liabilities 2016: $14,707,021Net Assets 2016: $89,038,9262016Assets 2017: $108,288,181Liabilities 2017: $13,316,342Net Assets 2017: $94,971,8392017Assets 2018: $111,766,553Liabilities 2018: $13,105,287Net Assets 2018: $98,661,2662018Assets 2019: $116,646,399Liabilities 2019: $13,220,076Net Assets 2019: $103,426,3232019Assets 2020: $117,966,008Liabilities 2020: $13,104,458Net Assets 2020: $104,861,5502020Assets 2021: $137,432,520Liabilities 2021: $14,638,772Net Assets 2021: $122,793,7482021Assets 2022: $136,914,546Liabilities 2022: $15,556,180Net Assets 2022: $121,358,3662022Assets 2023: $144,746,113Liabilities 2023: $15,766,375Net Assets 2023: $128,979,7382023

Highlighted filing

2023

Assets$144,746,113
Liabilities$15,766,375
Net Assets$128,979,738

Operations Trend

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

$40M$30M$20M$10M$0-$10MExpenses 2011: $17,818,2672011Revenue 2012: $22,305,740Expenses 2012: $18,648,947Net Income 2012: $3,656,7932012Expenses 2013: $19,350,8302013Revenue 2014: $24,987,509Expenses 2014: $20,654,630Net Income 2014: $4,332,8792014Revenue 2015: $22,230,703Expenses 2015: $22,328,732Net Income 2015: -$98,0292015Revenue 2016: $23,762,200Expenses 2016: $22,898,319Net Income 2016: $863,8812016Revenue 2017: $23,137,764Expenses 2017: $23,311,038Net Income 2017: -$173,2742017Revenue 2018: $24,629,535Expenses 2018: $24,555,555Net Income 2018: $73,9802018Revenue 2019: $28,582,943Expenses 2019: $25,404,381Net Income 2019: $3,178,5622019Revenue 2020: $28,656,667Expenses 2020: $25,831,886Net Income 2020: $2,824,7812020Revenue 2021: $30,321,842Expenses 2021: $26,933,541Net Income 2021: $3,388,3012021Revenue 2022: $36,132,552Expenses 2022: $29,072,880Net Income 2022: $7,059,6722022Revenue 2023: $32,594,929Expenses 2023: $31,561,557Net Income 2023: $1,033,3722023

Highlighted filing

2023

Revenue$32,594,929
Expenses$31,561,557
Net Income$1,033,372

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$145$15.8$129$32.6$31.6$1.03
2022Summary only. Only limited summary data is available for this year.$137$15.6$121$36.1$29.1$7.06
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$137$14.6$123$30.3$26.9$3.39
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$118$13.1$105$28.7$25.8$2.82
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$117$13.2$103$28.6$25.4$3.18
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$112$13.1$98.7$24.6$24.6$0.07
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$108$13.3$95.0$23.1$23.3$0.17
2016Detailed filing. Detailed filing data is available for this year.$104$14.7$89.0$23.8$22.9$0.86
2015Detailed filing. Detailed filing data is available for this year.$108$17.0$90.9$22.2$22.3$0.10
2014Detailed filing. Detailed filing data is available for this year.$111$20.1$90.9$25.0$20.7$4.33
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$93.9$11.7$82.2$19.4
2012Summary only. Only limited summary data is available for this year.$87.2$13.4$73.8$22.3$18.6$3.66
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$85.0$13.8$71.2$17.8
Latest Detailed Filing

The latest 2023 filing currently has summary financial data only. Showing the latest detailed filing from 2021 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Feb 9, 2022
Return Version
2020v4.2
Gross Receipts
$41,266,575
Mission and Program Overview

Mission

Independent college-preparatory education for girls in grades five through twelve

Harpeth hall is an independent, college-preparatory school for girls and young women in grades 5-12.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$41,235,560$53,352,659▲ $12,117,099
Land, Buildings, and Equipment, Net$46,164,661$46,070,715▼ $93,946
Cash and Non-Interest-Bearing Accounts$18,636,390$23,833,884▲ $5,197,494
Investments in Publicly Traded Securities$8,470,646$11,344,267▲ $2,873,621
Pledges and Grants Receivable$1,870,063$1,552,071▼ $317,992
Prepaid Expenses and Deferred Charges$994,296$720,961▼ $273,335
Savings and Temporary Cash Investments$370,426$290,568▼ $79,858
Accounts Receivable$39,552$101,310▲ $61,758
Inventories for Sale or Use$55,926$31,397▼ $24,529
Total Assets$117,966,008$137,432,520▲ $19,466,512
Other Assets Total$128,488$134,688▲ $6,200
Liabilities
Deferred Revenue$9,610,690$10,498,911▲ $888,221
Mortgage Notes Payable Secured by Investment Property$2,237,439$2,171,534▼ $65,905
Accounts Payable and Accrued Expenses$1,211,175$1,917,927▲ $706,752
Other Liabilities$45,154$50,400▲ $5,246
Total Liabilities$13,104,458$14,638,772▲ $1,534,314
Net Assets / Fund Balance
Net Assets With Donor Restrictions$54,055,517$70,800,303▲ $16,744,786
Net Assets Without Donor Restrictions$50,806,033$51,993,445▲ $1,187,412
Total Net Assets Fund Balance$104,861,550$122,793,748▲ $17,932,198
Total Liabilities and Net Assets / Fund Balance$117,966,008$137,432,520▲ $19,466,512

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$35,481,488$21,931,434$57,412,922
Leasehold Improvements$3,038,977$5,364,906$8,403,883
Land$7,045,811-$7,045,811
Equipment$120,250$3,179,474$3,299,724
Other Land Buildings$384,189$181,185$565,374
Other Securities$3,574,614--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$49,854,658$1,383,281▲ $16,074,962-$65,571,363
2019$51,267,270$791,260▼ $640,296-$49,854,658
2018$47,851,458$2,605,557▲ $2,337,693-$51,267,270
2017$44,371,658$1,054,279▲ $3,900,486-$47,851,458
2016$38,488,228$999,736▲ $6,341,408-$44,371,658
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jessie HillHead of SchoolFT$335,863$57,956$393,819
Thomas MurphyDirector of Finance and OperationsFT$197,516$34,593$232,109
Susan MollDirector of AdvancementFT$154,491$23,428$177,919
Armistead LemonDirector of Upper SchoolFT$135,751$21,986$157,737
JUDI O'BRIENDirector of Middle SchoolFT$132,027$20,859$152,886
Molly RumseyDirector of Informational ServicesFT$114,951$19,336$134,287
Justin DoverIt DirectorFT$113,524$19,481$133,005
Jennifer ByersDirector of College CounselingFT$105,949$21,803$127,752

Board Members and Trustees

NameTitle
Jane Berry JacquesChair and President
David T VandewaterVice Chair
Trudy Ward CarpenterVice Chair
Adelaide Grace DavisBoard Member
Amit MisraBoard Member
Brie Brown BuchananBoard Member
Carol Len PortisBoard Member
Chris WhitsonBoard Member
Craig BuffkinBoard Member
Crissy WieckBoard Member
Dana Deaton VernerBoard Member
David FitzgeraldBoard Member
Elizabeth Robbins HawkinsBoard Member
Frank MajorsBoard Member
Greg AverbuchBoard Member
Jack WallaceBoard Member
Jane AllenBoard Member
Jay SangervasiBoard Member
Jon MeachamBoard Member
Katie Groos NelsonBoard Member
Lauren MelkusBoard Member
Mandy Haynes YoungBoard Member
Mary Britton Thompson CummingsBoard Member
Matt MillerBoard Member
Melanie Patterson BlankBoard Member
Michelle Gaskin BrownBoard Member
Patty Litton DelonyBoard Member
Rachel Reeves SettleBoard Member
Tammy WolcottBoard Member
Whitson LoweBoard Member
Jackie Glover ThompsonSecretary
Noni NielsenTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Sage Dining Services INCDining Hall Services1402 YORK ROAD, Lutherville, MD 21093$949,095
School Facility Management LLCMaintenance Services800 18TH AVE S STE A, Nashville, TN 37203$693,052
Servicefm LLCCleaning Services800 18TH AVE S STE A, Nashville, TN 37203$347,841
The Orcutt Winslow Limited Liability ParArchitecture Services5016 CENTENNIAL BLVD 3RD FL, Nashville, TN 37209$295,448
H2l Outdoor Solutions LLCBalmer Garden Contractor8220 NEAL RD, Arrington, TN 37014$227,296
Revenue and Support

Revenue Composition

Contributions and Grants
$5,398,137
Program Service Revenue
$22,533,469
Investment Income
$2,198,832
Other Revenue
$191,404
All Other Contributions
$5,159,141
Change in Net Assets
$3,388,301

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded37$747,170Value Sold
Other Non Cash Contri Table194$72,541Auction Proceeds
Other Non Cash Contri Table10$4,674DONOR'S COST
Total Noncash Contributions241$824,385-

Audited Revenue Reconciliation

Revenue per Audited Statements
$27,339,498
Revenue Not Reported on Financial Statements
$2,982,344
Revenue Not Reported on Form 990
$14,704,804
Other Revenue Adjustments
$2,378,378
Total Revenue per Audited Statements
$42,044,302
Total Revenue per Form 990
$30,321,842
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$15,117,801
Other Expenses$9,437,362
Grants and Similar Amounts Paid$2,378,378
Total Fundraising Expense$1,552,173
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$9,161,463$1,122,206$461,508$10,745,177
Grants to Domestic Individuals$2,378,378--$2,378,378
Depreciation Depletion$1,728,779$203,386$101,693$2,033,858
Occupancy$1,721,589$202,289$101,144$2,025,022
Other Employee Benefits$1,220,405$143,567$80,894$1,444,866
Current Officers, Directors, Trustees, and Key Employees$638,834$212,945$318,283$1,170,062
Information Technology$913,091$77,040$34,396$1,024,527
Pension Plan Contributions$807,294$82,405$31,730$921,429
Payroll Taxes$702,464$83,627$50,176$836,267
Fees for Service Investment Mgmnt Fees-$603,966-$603,966
All Other Expenses$312,233$29,562$174,886$516,681
Insurance$235,504$26,470$13,235$275,209
Office Expenses$136,559$82,048$34,314$252,921
Other Expenses$230,913$59,461$34,945$230,913
Advertising$9,018$90,878$88,688$188,584
Fees for Services Legal-$52,006-$52,006
Fees for Services Other$19,748$18,276$7,202$45,226
Interest$31,944-$7,986$39,930
Fees for Services Accounting-$27,520-$27,520
Travel-$8,630$7,877$16,507
Total Functional Expenses$22,248,653$3,132,715$1,552,173$26,933,541

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$28,868,860
Expenses per Audited Statements$28,707,953
Total Expenses per Form 990$26,933,541
Expenses Not Reported on Form 990$160,907
Expenses Not Reported on Financial Statements$-1,774,412
Other Expense Adjustments$-2,378,378
International Activity

International Summary

Offices
0
Employees
0
Spending
$2,355,630

International Compliance

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

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas,Endowment Investments-00$2,355,630
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$160,807
Fundraising Gross Income$50,863
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Main Event$269,615$30,518$101,329$-70,811
Hang Up Sale$14,374$14,374$8,685$5,689
Total Events$283,989$44,892$139,505$-94,613
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
Jane Berry JacquesBoard Chair Sibling Is Employed as a Faculty MemberFaculty CompensationNo$59,914
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Agency Funds$50,400
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
No
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

Mary britton thompson cummings and jackie glover thompson, family relationship.

Form 990, Part VI, Section B, Line 11B

Organization's process to review form 990: certain members of the school, including director of finance and operations and controller, along with the audit committee of the board of trustees, review form 990. After approval by the audit committee, form 990 is sent to finance committee for any additional questions or comments before filing.

Form 990, Part VI, Section B, Line 12C

The organization enforces a conflict of interest policy, which requires that each member of the board of trustees reviews and signs a conflict of interest statement annually.

Form 990, Part VI, Section B, Line 15A

Compensation process for top official compensation is determined by review of relevant information, including comparable industry salary information, by members of the board of trustees who approve the officer's salary and changes, including annual increases.

Form 990, Part VI, Section C, Line 19

Governing documents disclosure explanation: selected information is available on the school's website. All required information is maintained by the business office and available upon request. Information is also available on the guidestar website.

Filing and Contact Details

Filer

Filer Name
The Harpeth Hall School
EIN
62-0501916
Phone
6153460091
Address
3801 HOBBS ROAD, NASHVILLE, TN 37215

Signing Officer

Name
Tom Murphy
Title
Director of Finance and Operations
Phone
6153460091
Signed
2022-02-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tom Murphy
Formed
1951
Legal Domicile
Tn
Voting Board Members
32
Independent Board Members
31
Employees
313
Volunteers
500

Preparer

Firm
Kraftcpas Pllc
Address
555 GREAT CIRCLE ROAD, NASHVILLE, TN 37228
Preparer
Frances E Leahy
Phone
6152427351
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The organization did not change its oversight process or selection process regarding the selection of an independent accountant.

Financial Statement Notes

PART V, LINE 4:

The endowment draw is used for scholarships and other program or general expenses, as approved or predetermined by endowment restrictions.

PART X, LINE 2:

Management performs an evaluation of all income tax positions taken or expected to be taken in the course of preparing the school's income tax return to determine whether the income tax positions meet a "more likely than not" standard of being sustained under examination by the applicable taxing authorities. Management has performed its evaluation of all income tax positions taken on all open income tax returns and has determined that there were no positions taken that do not meet the "more likely than not" standard. Accordingly, there were no provisions for income taxes, penalties, or interest receivable or payable relating to uncertain income tax positions in the accompanying financial statements.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Parent's association fundraising expenses 160,807.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Financial aid (audit purposes netted against tuition) 2,378,378.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Parent's association fundraising expenses 160,807.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Financial aid (audit purposes netted against tuition) -2,378,378.

Raw XML AppendixShowing 400 of 1,060 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivitiesConductedPrtshpInd00
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IRS990/Desc0HARPETH HALL SCHOOL EDUCATES GIRLS AND YOUNG WOMEN IN GRADES 5-12 TO THINK CRITICALLY, LEAD CONFIDENTLY, AND LIVE HONORABLY. DURING THE 2020-2021 YEAR, ENROLLMENT WAS 719 STUDENTS. IN ADDITION TO A STRONG ACADEMIC CURRICULUM, OUR STUDENTS PARTICIPATE IN NUMEROUS ATHLETIC, FINE AND PERFORMING ARTS, AND ENRICHMENT OPPORTUNITIES THROUGH UNIQUE PROGRAMS INCLUDING WINTERIM, SEEK, STEM, AND SCIENCE OLYMPIAD, AS WELL AS SERVICE LEARNING AND LEADERSHIP OPPORTUNITIES IN OUR COMMUNITY AND BEYOND. THE CLASS OF 2021 RECEIVED OFFERS OF ADMISSION TO 141 COLLEGES AND UNIVERSITITES FROM COAST TO COAST AND ABROAD AND ATTENDED 60 DIFFERENT SCHOOLS IN 27 STATES, WASHINGTON D.C. AND CANADA.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0HEAD OF SCHOOL
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IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR OF ADVANCEMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR OF UPPER SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR OF MIDDLE SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR OF INFORMATIONAL SERVICES
IRS990/Form990PartVIISectionAGrp/TitleTxt6IT DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR OF COLLEGE COUNSELING
IRS990/Form990PartVIISectionAGrp/TitleTxt8CHAIR AND PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt9VICE CHAIR
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