Civic Intelligence

The Ensworth School

990 • Fiscal year 2021 • EIN 62-0598316

Jun 01, 2020 to May 31, 2021 • Filed on Feb 14, 2022

Refreshing map…

7401 Highway 100Nashville, TN 37221

(615) 301-5367

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

43rd percentile

0.24x

Higher debt load relative to assets than 43% of similar nonprofits.

2021 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2021

Liabilities / Revenue

79th percentile

1.24x

Higher debt load relative to revenue than 79% of similar nonprofits.

2021 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2021

Net Margin

58th percentile

12%

Higher net margin than 58% of similar nonprofits.

2021 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2021

Top Officer Pay

49th percentile

$736,102

Higher top officer pay than 49% of similar nonprofits.

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

2021 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2021

Asset Growth

83rd percentile

27%

Faster asset growth than 83% of similar nonprofits.

2021 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2020 to 2021

Revenue Growth

57th percentile

13%

Faster revenue growth than 57% of similar nonprofits.

2021 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2020 to 2021

Assets

Up

$259,551,206

Up $55,925,897 (+27%) from 2020

Net Assets

Up

$197,633,701

Up $21,437,386 (+12%) from 2020

Liabilities

Up

$61,917,505

Up $34,488,511 (+126%) from 2020

Revenue

Up

$50,041,561

Up $5,866,201 (+13%) from 2020

Expenses

Down

$43,986,905

Down $86,608 (-0.2%) from 2020

Net Income

Up

$6,054,656

Up $5,952,809 (+5845%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300M$200M$100M$0Assets 2010: $118,336,631Liabilities 2010: $27,617,809Net Assets 2010: $90,718,8222010Assets 2011: $170,487,536Liabilities 2011: $28,253,148Net Assets 2011: $142,234,3882011Assets 2012: $163,056,166Liabilities 2012: $29,603,495Net Assets 2012: $133,452,6712012Assets 2013: $180,981,542Liabilities 2013: $27,555,118Net Assets 2013: $153,426,4242013Assets 2014: $187,264,607Liabilities 2014: $27,635,687Net Assets 2014: $159,628,9202014Assets 2015: $184,313,839Liabilities 2015: $27,304,923Net Assets 2015: $157,008,9162015Assets 2016: $184,443,932Liabilities 2016: $27,806,585Net Assets 2016: $156,637,3472016Assets 2017: $207,520,393Liabilities 2017: $28,743,445Net Assets 2017: $178,776,9482017Assets 2018: $208,739,900Liabilities 2018: $29,592,994Net Assets 2018: $179,146,9062018Assets 2019: $205,223,043Liabilities 2019: $30,261,725Net Assets 2019: $174,961,3182019Assets 2020: $203,625,309Liabilities 2020: $27,428,994Net Assets 2020: $176,196,3152020Assets 2021: $259,551,206Liabilities 2021: $61,917,505Net Assets 2021: $197,633,7012021Assets 2022: $271,877,571Liabilities 2022: $72,742,518Net Assets 2022: $199,135,0532022Assets 2023: $272,104,234Liabilities 2023: $76,175,158Net Assets 2023: $195,929,0762023

Highlighted filing

2021

Assets$259,551,206
Liabilities$61,917,505
Net Assets$197,633,701

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$60M$40M$20M$0-$20MExpenses 2010: $26,811,0162010Expenses 2011: $27,374,0422011Expenses 2012: $27,937,9112012Expenses 2013: $29,068,5182013Revenue 2014: $32,499,133Expenses 2014: $32,797,255Net Income 2014: -$298,1222014Revenue 2015: $33,757,399Expenses 2015: $35,224,294Net Income 2015: -$1,466,8952015Revenue 2016: $40,580,981Expenses 2016: $37,347,672Net Income 2016: $3,233,3092016Revenue 2017: $56,973,449Expenses 2017: $39,927,717Net Income 2017: $17,045,7322017Revenue 2018: $41,587,994Expenses 2018: $42,794,556Net Income 2018: -$1,206,5622018Revenue 2019: $42,564,431Expenses 2019: $44,969,726Net Income 2019: -$2,405,2952019Revenue 2020: $44,175,360Expenses 2020: $44,073,513Net Income 2020: $101,8472020Revenue 2021: $50,041,561Expenses 2021: $43,986,905Net Income 2021: $6,054,6562021Revenue 2022: $48,026,266Expenses 2022: $45,743,530Net Income 2022: $2,282,7362022Revenue 2023: $51,546,702Expenses 2023: $52,479,286Net Income 2023: -$932,5842023

Highlighted filing

2021

Revenue$50,041,561
Expenses$43,986,905
Net Income$6,054,656
Jump To
Filing Snapshot
Filing Period
Jun 1, 2020 to May 31, 2021
Signed
Feb 14, 2022
Return Version
2020v4.2
Gross Receipts
$76,065,249
Mission and Program Overview

Mission

The ensworth school (the school), founded in 1958, is a kindergarten through twelfth grade, coeducational independent school located in nashville, tennessee. The mission of the school is to promote academic excellence and inspire students to be intellectually curious, to use their talents to the fullest, to be people of integrity, and to be contributors to society.

Ensworth is a kindergarten through twelfth grade, coeducational independent school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$120,002,639$120,799,561▲ $796,922
Investments in Publicly Traded Securities$49,250,208$60,675,235▲ $11,425,027
Investments Other Securities$21,538,133$31,829,866▲ $10,291,733
Cash and Non-Interest-Bearing Accounts$3,145,606$7,927,269▲ $4,781,663
Savings and Temporary Cash Investments$2,889,614$3,392,963▲ $503,349
Pledges and Grants Receivable$5,616,205$2,550,334▼ $3,065,871
Accounts Receivable$640,165$347,556▼ $292,609
Prepaid Expenses and Deferred Charges$364,971$320,020▼ $44,951
Inventories for Sale or Use$88,518$97,544▲ $9,026
Intangible Assets$89,250$72,250▼ $17,000
Total Assets$203,625,309$259,551,206▲ $55,925,897
Other Assets Total$0$31,538,608▲ $31,538,608
Liabilities
Other Liabilities$0$31,538,608▲ $31,538,608
Tax Exempt Bond Liabilities$23,287,019$24,000,943▲ $713,924
Accounts Payable and Accrued Expenses$2,642,671$4,718,548▲ $2,075,877
Deferred Revenue$1,289,037$1,523,307▲ $234,270
Mortgage Notes Payable Secured by Investment Property$210,267$136,099▼ $74,168
Total Liabilities$27,428,994$61,917,505▲ $34,488,511
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$135,018,562$148,782,812▲ $13,764,250
Net Assets With Donor Restrictions$41,177,753$48,850,889▲ $7,673,136
Total Net Assets Fund Balance$176,196,315$197,633,701▲ $21,437,386
Total Liabilities and Net Assets / Fund Balance$203,625,309$259,551,206▲ $55,925,897

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$99,212,985$54,308,344$153,521,329
Equipment$4,726,191$15,307,307$20,033,498
Land$9,689,404-$9,689,404
Other Land Buildings$7,170,981-$7,170,981
Other Assets Org$31,538,608--
Other Securities$24,770,189--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$70,157,546$5,091,144▲ $19,754,972$3,156,617$91,847,045
2019$70,285,677$221,956▲ $2,796,787$3,146,874$70,157,546
2018$72,151,520$298,407▲ $987,171$3,151,421$70,285,677
2017$70,716,739$52,000▲ $4,825,739$3,442,958$72,151,520
2016$66,973,897$323,236▲ $6,429,700$3,010,094$70,716,739
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
David BraemerHead of SchoolFT$500,611$235,491$736,102
Richard BowersAthletic DirectorFT$343,042$184,835$527,877
Rahim BattenAssoc Director of Admission, Head Football CoachFT$243,940$61,742$305,682
Rahim BattenAssoc Director of Admission, Head Fo-$170,104$135,578$305,682
Nowell HesseHead of High SchoolFT$196,111$56,916$253,027
Virgil HerringDirector of GolfFT$208,664$42,551$251,215
Christian BahrDirector of AquaticsFT$195,761$43,463$239,224
Whitney JohnsonCFOFT$205,131$24,454$229,585

Board Members and Trustees

NameTitle
Will MorrowPresident, Executive Committee Chair
Jennifer FristVice President
Amanda FarnsworthTrustee
Amy ChristiansenTrustee
Anna Russell FriedmanTrustee
Ben FreelandTrustee
Beth CourtneyTrustee
Bruce MooreTrustee
Chad GreerTrustee
Craig GoguenTrustee
Deb McdermottTrustee
Elizabeth GerkenTrustee
Emily KurtzTrustee
Gerard BullockTrustee
Jamee ThompsonTrustee
Josephine SmithwickTrustee
Kathryn BrownTrustee
Kristen CrosbyTrustee
Neal PatelTrustee
Stuart BrunsonTrustee
Tj WiltTrustee
Trish C FristTrustee
Yvonne RalskyTrustee
Edith Mcbride BassTrustee (left 9/2020)
John JacobsonLegal Counsel
Jim BowenSecretary
Bruce CrosbyTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Sage Dining ServicesFood1402 YORK ROAD, Lutherville, MD 21093$1,042,492
Johnson Johnson CrabtreeConstruction4551 TROUSDALE DRIVE, Nashville, TN 37204$969,403
KleentechCleaning810 OAK MEADOW DRIVE 680607, Franklin, TN 37068$599,732
Phipps ConstructionConstructionPO BOX 50026, Nashville, TN 37205$394,369
WeiserSecurityPO BOX 51720, New Orleans, LA 70151$285,350
Revenue and Support

Revenue Composition

Contributions and Grants
$8,038,369
Program Service Revenue
$37,794,368
Investment Income
$4,104,553
Other Revenue
$104,271
All Other Contributions
$7,787,039
Change in Net Assets
$6,054,656

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 Traded17$628,877Fair Market Value (FMV)
Other Non Cash Contri Table207$172,576Fair Market Value (FMV)
Other Non Cash Contri Table1$4,200Fair Market Value (FMV)
Food Inventory2$1,766Fair Market Value (FMV)
Total Noncash Contributions227$807,419-

Audited Revenue Reconciliation

Revenue per Audited Statements
$46,335,945
Revenue Not Reported on Financial Statements
$3,705,616
Revenue Not Reported on Form 990
$15,382,730
Other Revenue Adjustments
$3,501,459
Total Revenue per Audited Statements
$61,718,675
Total Revenue per Form 990
$50,041,561
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$24,364,559
Other Expenses$15,881,149
Grants and Similar Amounts Paid$3,741,197
Total Fundraising Expense$1,425,057
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$13,481,625$3,776,181$501,669$17,759,475
Depreciation Depletion$4,703,313$1,106,325$25,699$5,835,337
Grants to Domestic Individuals$3,738,979--$3,738,979
Other Employee Benefits$2,780,681$715,990$91,438$3,588,109
Occupancy$2,569,190$610,070$14,626$3,193,886
Office Expenses$1,254,550$160,021$71,822$1,486,393
Payroll Taxes$984,880$282,415$46,469$1,313,764
Pension Plan Contributions$700,403$181,519$22,911$904,833
Fees for Services Other$618,033$132,540$72,267$822,840
Current Officers, Directors, Trustees, and Key Employees-$512,952$285,426$798,378
Information Technology$516,388$218,063$34,118$768,569
All Other Expenses$166,266$343,593$114,414$624,273
Interest$435,640$104,010$841$540,491
Other Expenses$429,595$148,583$1,808$429,595
Insurance$290,801$68,402$1,588$360,791
Advertising$11,861$68,759$136,147$216,767
Conferences and Meetings$111,631$78,557$2,290$192,478
Travel$29,425$45,430$738$75,593
Fees for Services Accounting$9,200$63,936$142$73,278
Fees for Services Legal-$49,369-$49,369
Fees for Service Investment Mgmnt Fees$23,322$15,428$359$39,109
Fees for Services Management$4,560$18,355$285$23,200
Grants to Domestic Orgs$2,218--$2,218
Total Functional Expenses$33,861,350$8,700,498$1,425,057$43,986,905

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$43,986,905
Expenses per Audited Statements$40,281,289
Total Expenses per Audited Statements$40,281,289
Expenses Not Reported on Financial Statements$3,705,616
Other Expense Adjustments$3,501,459
Expenses Not Reported on Form 990$0
International Activity

International Summary

Offices
0
Employees
0
Spending
$3,272,000

International Compliance

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

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe (including Iceland & Greenland)Investments-00$3,088,000
Central America and the CaribbeanInvestments-00$184,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$260,225
Fundraising Gross Income$260,225
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Tigernite$458,203$213,779$9,285$204,494
Golf Tournament$53,352$46,446$1,237$45,209
Total Events$511,555$260,225$260,225$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Contractual Unearned Tuition and Fees$31,538,608

Bond Issues

BondIssuerIssuedIssue PricePurpose
AHEALTH AND ED FAC BD OF THE METROPOLITAN GOV'T OF NASHVILLE & DAVIDSON CO2020-01-24$42,520,000To refund series 2016 bonds and finance building projects

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$42,520,000$23,113,669$517,893$306,331

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
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
No
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 B, Line 11B

Certain employees of the school, including the director of finance, review the form 990 prior to filing to verify all information contained therein is complete and accurate. A copy of form 990 is sent to all board members prior to filing.

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

The board of trustees reviews and signs a conflict of interest policy annually. When a conflict of interest arises, the trustee is required both to disclose fully the circumstances of the conflict to the governance committee and to abstain from participation or decision-making in connection with any transaction giving rise or otherwise relating to the conflict.

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

Compensation is determined by review of relevant information by a committee of the board of trustees. The officer's salary, and changes, including annual increases, are approved by the board of trustees.

Form 990, Part VI, Section C, Line 19

Selected financial information is available on organization's website and other non-profit websites. All required information is available upon request.

Filing and Contact Details

Filer

Filer Name
The Ensworth School
EIN
62-0598316
Phone
6153015367
Address
7401 HIGHWAY 100, NASHVILLE, TN 37221

Signing Officer

Name
Whitney Johnson
Title
CFO
Phone
6153015367
Signed
2022-02-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Braemer
Formed
1958
Legal Domicile
Tn
Voting Board Members
22
Independent Board Members
22
Employees
514
Volunteers
350

Preparer

Firm
Armanino Llp
Address
15950 N DALLAS PKWY 600, DALLAS, TX 75248
Preparer
Matthew Petroski
Phone
9726611843
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

This process has not changed from the prior year.

Financial Statement Notes

PART III, LINE 1A:

The organization does not have a footnote related to this topic within its financial statements. The organization's collection is considered immaterial for financial statement purposes.

PART III, LINE 4:

The organization's collections are held within a rotating display in the arts building for students and others on campus in the building.

PART X, LINE 2:

The school is a qualified organization exempt from federal income taxes under the provisions of section 501(c)(3) of the internal revenue code. The school has evaluated its current tax positions and has concluded that as of may 31, 2021 and 2020, the school does not have any significant uncertain tax positions for which a reserve would be considered necessary.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Tuition assistance 3,761,684. Fundraising expense -260,225.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Tuition assistance 3,761,684. Fundraising expense -260,225.

Raw XML AppendixShowing 400 of 1,061 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/Desc0ENSWORTH IS A K-12 COEDUCATIONAL INDEPENDENT SCHOOL. THE SCHOOL PROMOTES ACADEMIC EXCELLENCE AND INSPIRES STUDENTS TO BE INTELLECTUALLY CURIOUS, TO USE THEIR TALENTS TO THE FULLEST, TO BE PEOPLE OF INTEGRITY AND TO BE CONTRIBUTORS TO SOCIETY.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0HEAD OF SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt1ATHLETIC DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2ASSOC DIRECTOR OF ADMISSION, HEAD FOOTBALL COACH
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR OF GOLF
IRS990/Form990PartVIISectionAGrp/TitleTxt4HEAD OF HIGH SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR OF AQUATICS
IRS990/Form990PartVIISectionAGrp/TitleTxt6CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt7PRESIDENT, EXECUTIVE COMMITTEE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt8VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt9TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt10SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt11LEGAL COUNSEL
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE (LEFT 9/2020)
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE
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IRS990/Form990PartVIISectionAGrp/TitleTxt30TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt31TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt32TRUSTEE
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$272$76.2$196$51.5$52.5$0.93
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$272$72.7$199$48.0$45.7$2.28
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$260$61.9$198$50.0$44.0$6.05
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$204$27.4$176$44.2$44.1$0.10
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$205$30.3$175$42.6$45.0$2.41
2018Summary only. Only limited summary data is available for this year.$209$29.6$179$41.6$42.8$1.21
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$208$28.7$179$57.0$39.9$17.0
2016Summary only. Only limited summary data is available for this year.$184$27.8$157$40.6$37.3$3.23
2015Detailed filing. Detailed filing data is available for this year.$184$27.3$157$33.8$35.2$1.47
2014Detailed filing. Detailed filing data is available for this year.$187$27.6$160$32.5$32.8$0.30
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$181$27.6$153$29.1
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$163$29.6$133$27.9
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$170$28.3$142$27.4
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$118$27.6$90.7$26.8