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← UNIVERSITY OF NASHVILLE MONTGOMERY BELL ACADEMY

Form 990 for tax year 2022

Filed by UNIVERSITY OF NASHVILLE MONTGOMERY BELL ACADEMY.

Totals

Total revenue
$39,241,507
Total expenses
$41,223,807
Contributions and grants received
$8,037,476
Grants paid
$3,367,850
Program service revenue
$30,165,302
Investment income
$766,370
Other revenue
$272,359
Total assets, end of year
$328,453,921
Total liabilities, end of year
$44,117,978
Net assets or fund balances, end of year
$284,335,943
Program services expenses (Part IX)
$33,216,515
Management and general expenses
$5,555,731
Fundraising expenses
$2,451,561
Program service expenses (Part III)
$33,216,515

Program services were 80.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $8,037,476

  • 2a · Program service revenue: TUITION AND FEES

    total $27,601,112 · related or exempt $27,601,112

  • 2b · Program service revenue: FOOD SERVICE

    total $1,189,920 · related or exempt $1,189,920

  • 2c · Program service revenue: CAMPS INCOME

    total $843,248 · related or exempt $843,248

  • 2d · Program service revenue: ATHLETICS

    total $276,548 · related or exempt $276,548

  • 2e · Program service revenue: GIFT STORE

    total $202,711 · related or exempt $202,711

  • 2f · All other program service revenue

    total $51,763 · related or exempt $51,763

  • 3 · Investment income

    total $1,145,127 · excluded $1,145,127

  • 6a · Gross rents

    real property $435,820

  • 6b · Less rental expenses

    real property $163,461

  • 6c · Rental income or loss

    real property $272,359

  • 6d · Net rental income or loss

    total $272,359 · excluded $272,359

  • 7b · Less cost or other basis and sales expenses

    securities $378,757

  • 7c · Gain or loss

    securities -$378,757

  • 7d · Net gain or loss

    total -$378,757 · excluded -$378,757

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $3,367,850 · program services $3,367,850

  • 5 · Compensation of officers, directors and key employees

    total $1,654,612 · program services $1,341,936 · management and general $172,401 · fundraising $140,275

  • 7 · Other salaries and wages

    total $15,816,254 · program services $12,769,638 · management and general $1,905,911 · fundraising $1,140,705

  • 11b · Fees: legal

    total $793,752 · program services $437,353 · management and general $356,399

  • 12 · Advertising and promotion

    total $675,397 · program services $66,993 · management and general $68,752 · fundraising $539,652

  • 16 · Occupancy

    total $5,269,103 · program services $3,951,827 · management and general $1,053,821 · fundraising $263,455

  • 20 · Interest

    total $703,552 · program services $657,387 · management and general $36,850 · fundraising $9,315

  • 22 · Depreciation, depletion and amortization

    total $7,163,172 · program services $5,372,379 · management and general $1,432,634 · fundraising $358,159

  • 24a · Other expenses: AUXILIARY PROGRAMS

    total $2,075,987 · program services $2,075,987

  • 24b · Other expenses: INSTRUCTIONAL & ADMIN S

    total $1,258,859 · program services $734,370 · management and general $524,489

  • 24c · Other expenses: FOOD SERVICE

    total $1,183,399 · program services $1,183,399

  • 24d · Other expenses: RESTRICTED PROGRAMS

    total $1,095,563 · program services $1,095,563

  • 24e · All other expenses

    total $166,307 · program services $161,833 · management and general $4,474

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $600 · end of year $600

  • 2 · Savings and temporary cash investments

    beginning of year $96,887,259 · end of year $104,073,501

  • 3 · Pledges and grants receivable

    beginning of year $3,369,426 · end of year $3,272,124

  • 4 · Accounts receivable

    beginning of year $166,583 · end of year $99,260

  • 9 · Prepaid expenses and deferred charges

    beginning of year $479,570 · end of year $39,348

  • 10a · Land, buildings and equipment: cost or other basis

    $238,537,461

  • 10b · Land, buildings and equipment: accumulated depreciation

    $64,979,451

  • 10c · Land, buildings and equipment, net

    beginning of year $173,751,979 · end of year $173,558,010

  • 11 · Investments: publicly traded securities

    beginning of year $14,312,400 · end of year $12,690,726

  • 12 · Investments: other securities

    beginning of year $33,969,382 · end of year $33,969,382

  • 15 · Other assets

    beginning of year $131,270 · end of year $750,970

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,697,509 · end of year $2,667,550

  • 19 · Deferred revenue

    beginning of year $17,306,595 · end of year $16,361,212

  • 23 · Secured mortgages and notes payable

    beginning of year $25,656,778 · end of year $25,089,216

  • 27 · Net assets without donor restrictions

    beginning of year $200,968,255 · end of year $200,998,901

  • 28 · Net assets with donor restrictions

    beginning of year $77,439,332 · end of year $83,337,042

Mission and programs · 2022

Mission

MONTGOMERY BELL ACADEMY OFFERS YOUNG MEN AN EXEMPLARY COLLEGE PREPARATORY EXPERIENCE, ASSISTING THEM TO BE "GENTLEMEN, SCHOLARS, AND ATHLETES AND YOUNG MEN OF WISDOM AND MORAL INTEGRITY WHO WILL MAKE SIGNIFICANT CONTRIBUTIONS TO SOCIETY.

Activities or mission (Part I)

OPERATION OF BOYS SCHOOL GRADES 7-12.

  • OPERATION OF A SCHOOL FOR BOYS, GRADES 7-12. THE SCHOOL HAS AN ENROLLMENT OF OVER 700 STUDENTS. THE EDUCATION CURRICULUM INCLUDES MATH, ENGLISH, HISTORY, SCIENCE, FOREIGN LANGUAGES, AND FINE ARTS.

    Expenses $31,140,527 · Grants $3,367,850 · Revenue $28,808,999

  • ATHLETICS PROGRAM- GRADES 7-12 STUDENTS PARTICIPATE IN INTERMURAL AND INTERSCHOLASTIC SPORTS INCLUDING BASEBALL, BASKETBALL, FOOTBALL, SOCCER, GOLF, TRACK, SWIMMING, AND WRESTLING.

    Expenses $2,075,988 · Revenue $1,356,303

As filed on the 2022 return.

Listed in Part VII

  • WILLIAM F CARPENTER III

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM T DELAY

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • BENJAMIN T MAY

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • CLAY T JACKSON

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • CARTER PAINE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ADMIRAL J WILSON PRUEHER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM H HAWKINS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • H LEE BARFIELD II

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ALLEN P MCDANIEL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DUDLEY W WARNER II

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ROBERT C BRANNON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CHRISTOPHER C WHITSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DAVID B INGRAM

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM W HASTINGS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DAVID G MCCLELLAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • G EDWARD POWELL JR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • EDWARD N GEORGE JR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DR CARL C AWH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BYRON W SMITH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • J BARRY BANKER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BLAIR J WILSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM M WILSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BETH H HARWELL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BENJAMIN D S GAMBILL III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BEN S GAMBILL JR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JAMES L FLAUTT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ANDREA CARLTON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • R WALTER HALE III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JAMES L CHANDLER JR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • J HANLEY SAYERS JR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • P RHOADS ZIMMERMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • W RIDLEY WILLS II

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • VARINA F BUNTIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • G THOMAS CURTIS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • TIM W DOWNEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JAMES R PICKEL JR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • J RYAN TYRRELL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ROCK A MORPHIS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • RICHARD FITZGERALD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • STEVEN S RIVEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • LUCY D HAYNES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • PAMELA R KOBAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JOHN T ROCHFORD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JOHN W EAKIN JR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • LEE F NOEL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JOHN R INGRAM

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MARC K STENGEL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MARTIN S BROWN JR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • J BRANSFORD WALLACE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BRADFORD GIOIA

    HEADMASTER

    Total calculated
    $1,136,619
    From this org
    $624,171
    From related orgs
    $0
    Other
    $512,448
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $624,171
    Bonus
    $0
    Other
    $0
    Deferred
    $499,625
    Nontaxable benefits
    $12,823
    Filer's total
    $1,136,619

  • JOSEPH W JOHNSON

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $216,650
    From this org
    $197,296
    From related orgs
    $0
    Other
    $19,354
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $197,296
    Bonus
    $0
    Other
    $0
    Deferred
    $8,160
    Nontaxable benefits
    $11,194
    Filer's total
    $216,650

  • VICKI A MATTHEWS

    DIRECTOR OF FINANCE & OPERATIONS

    Total calculated
    $176,853
    From this org
    $163,756
    From related orgs
    $0
    Other
    $13,097
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $163,756
    Bonus
    $0
    Other
    $0
    Deferred
    $8,175
    Nontaxable benefits
    $4,922
    Filer's total
    $176,853

  • TIM S BOYD

    ASSOCIATE HEAD OF SCHOOL

    Total calculated
    $210,047
    From this org
    $198,150
    From related orgs
    $0
    Other
    $11,897
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $198,150
    Bonus
    $0
    Other
    $0
    Deferred
    $7,600
    Nontaxable benefits
    $4,297
    Filer's total
    $210,047

  • MICHAEL S ANDERSON

    DIRECTOR OF ATHLETICS

    Total calculated
    $140,914
    From this org
    $135,714
    From related orgs
    $0
    Other
    $5,200
    Hours/week
    40

  • GREGORY C FERRELL

    DIR OF ADMISSIONS & FINANCIAL AID

    Total calculated
    $171,365
    From this org
    $152,196
    From related orgs
    $0
    Other
    $19,169
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,196
    Bonus
    $0
    Other
    $0
    Deferred
    $7,975
    Nontaxable benefits
    $11,194
    Filer's total
    $171,365

  • ROBERT C H SAWYER

    DEAN OF HIGH SCHOOL

    Total calculated
    $153,720
    From this org
    $135,276
    From related orgs
    $0
    Other
    $18,444
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $135,276
    Bonus
    $0
    Other
    $0
    Deferred
    $7,250
    Nontaxable benefits
    $11,194
    Filer's total
    $153,720

  • VIRGINIA MADDUX

    DIRECTOR OF COLLEGE COUNSELING

    Total calculated
    $158,665
    From this org
    $145,137
    From related orgs
    $0
    Other
    $13,528
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $145,137
    Bonus
    $0
    Other
    $0
    Deferred
    $6,266
    Nontaxable benefits
    $7,262
    Filer's total
    $158,665

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Housing allowance or residence for personal use
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 1b · Written policy on the line-1a expenses
  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
HOUSING IS PROVIDED TO THE HEADMASTER OF THE SCHOOL.
PART I, LINE 1B
IN THE ABSENCE OF WRITTEN POLICY, THE BOARD OF TRUSTEES DETERMINE THE HOUSING PROVIDED TO THE HEADMASTER.
PART I, LINE 4B
HEADMASTER PARTICIPATES IN A DEFERRED COMPENSATION PLAN UNAVAILABLE TO OTHER EMPLOYEES.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
9 May 2024
IRS schema version
2022v5.0
Source object
202401309349300840

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