Totals
- Total revenue
- $14,474,605
- Total expenses
- $12,909,367
- Contributions and grants received
- $3,033,167
- Grants paid
- $1,207,290
- Program service revenue
- $11,165,361
- Investment income
- $142,672
- Other revenue
- $133,405
- Total assets, end of year
- $28,223,794
- Total liabilities, end of year
- $12,828,177
- Net assets or fund balances, end of year
- $15,395,617
- Program services expenses (Part IX)
- $10,999,634
- Management and general expenses
- $1,399,204
- Fundraising expenses
- $510,529
- Program service expenses (Part III)
- $10,999,634
Program services were 85.2% 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.
-
1e · Government grants (contributions)
$1,656,860
-
1f · All other contributions, gifts and grants
$1,376,307
-
2a · Program service revenue: TUITION
total $9,650,264 · related or exempt $9,650,264
-
2b · Program service revenue: PROGRAM FEES
total $1,512,331 · related or exempt $1,512,331
-
2c · Program service revenue: OTHER PROGRAM SERVICE REVENUE
total $2,766 · related or exempt $2,766
-
3 · Investment income
total $145,242 · excluded $145,242
-
7a · Gross sales of assets other than inventory
securities $1,154,993
-
7b · Less cost or other basis and sales expenses
securities $1,157,563
-
7c · Gain or loss
securities -$2,570
-
7d · Net gain or loss
total -$2,570 · excluded -$2,570
-
8a · Fundraising events: gross income
$168,570
-
8b · Fundraising events: direct expenses
$35,165
-
8c · Net income from fundraising events
total $133,405 · excluded $133,405
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $1,207,290 · program services $1,207,290
-
6 · Compensation of disqualified persons
total $342,740 · program services $273,672 · management and general $51,335 · fundraising $17,733
-
7 · Other salaries and wages
total $6,597,711 · program services $5,182,156 · management and general $1,098,814 · fundraising $316,741
-
9 · Other employee benefits
total $779,233 · program services $656,903 · management and general $94,770 · fundraising $27,560
-
10 · Payroll taxes
total $504,658 · program services $410,202 · management and general $73,176 · fundraising $21,280
-
11f · Fees: investment management
total $10,108 · management and general $10,108
-
11g · Fees: other
total $28,971 · program services $28,150 · management and general $654 · fundraising $167
-
20 · Interest
total $122,744 · program services $116,170 · management and general $5,902 · fundraising $672
-
22 · Depreciation, depletion and amortization
total $665,967 · program services $647,083 · management and general $15,038 · fundraising $3,846
-
23 · Insurance
total $96,199 · program services $93,471 · management and general $2,172 · fundraising $556
-
24a · Other expenses: INSTRUCTIONAL SERVICES
total $1,078,321 · program services $1,078,321
-
24b · Other expenses: OVERHEAD EXPENSES
total $536,367 · program services $408,692 · management and general $9,498 · fundraising $118,177
-
24c · Other expenses: REPAIRS AND MAINTENANCE
total $345,018 · program services $333,586 · management and general $9,449 · fundraising $1,983
-
24d · Other expenses: UTILITIES
total $313,945 · program services $305,208 · management and general $6,923 · fundraising $1,814
-
24e · All other expenses
total $280,095 · program services $258,730 · management and general $21,365
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $599,041 · end of year $3,751,933
-
2 · Savings and temporary cash investments
beginning of year $3,833,382 · end of year $2,584,927
-
3 · Pledges and grants receivable
beginning of year $142,558 · end of year $889,268
-
4 · Accounts receivable
beginning of year $4,745,937 · end of year $4,781,159
-
5 · Loans and receivables from officers and key people
beginning of year $47,034 · end of year $20,000
-
9 · Prepaid expenses and deferred charges
beginning of year $118,650 · end of year $95,054
-
10a · Land, buildings and equipment: cost or other basis
$24,488,420
-
10b · Land, buildings and equipment: accumulated depreciation
$11,522,550
-
10c · Land, buildings and equipment, net
beginning of year $13,268,095 · end of year $12,965,870
-
11 · Investments: publicly traded securities
beginning of year $3,895,455 · end of year $3,026,511
-
15 · Other assets
beginning of year $121,946 · end of year $109,072
-
17 · Accounts payable and accrued expenses
beginning of year $428,008 · end of year $248,775
-
19 · Deferred revenue
beginning of year $9,494,431 · end of year $9,429,640
-
20 · Tax-exempt bond liabilities
beginning of year $3,110,239 · end of year $3,040,907
-
25 · Other liabilities
beginning of year $121,414 · end of year $108,855
-
27 · Net assets without donor restrictions
beginning of year $12,298,023 · end of year $13,271,496
-
28 · Net assets with donor restrictions
beginning of year $1,319,983 · end of year $2,124,121
Mission and programs · 2022
Mission
PRESBYTERIAN DAY SCHOOL STRIVES TO GLORIFY GOD BY DEVELOPING BOYS IN WISDOM AND STATURE AND IN FAVOR WITH GOD AND MEN.
Activities or mission (Part I)
PRIVATE PRESCHOOL AND ELEMENTARY SCHOOL EDUCATING AND DEVELOPING BOYS IN WISDOM, STATURE, AND FAVOR WITH GOD AND MEN.
-
EDUCATION SERVICES FOR PRE-K THROUGH 6TH GRADE FOR APPROXIMATELY 500 STUDENTS.
Expenses $10,999,634 · Grants $1,207,290 · Revenue $11,165,361
As filed on the 2022 return.
Listed in Part VII
-
JAMES D WITHERINGTON
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
DENNY CATALANO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
ALI CHAMBERS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
ERIKA MADLOCK CONLEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
REV MICHAEL DAVIS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
CHIP DICKINSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
MARY EDWARDS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
STUART HARRIS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
EARL HOUSTON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
MILTON LOVELL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
DR JAY MCDONALD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
TAYLOR MOORE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
SUSAN PATTERSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
MISSY PERKINS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
MICHAEL STOCKBURGER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
LEWIS WILLIAMSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
BOWIE CAMPBELL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
RUSTY SHAPPLEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
BRAD SEWELL
HEADMASTER
- Total calculated
- $237,101
- From this org
- $222,924
- From related orgs
- $0
- Other
- $14,177
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $222,924
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $14,177
- Filer's total
- $237,101
-
ROSS HURST
CFO
- Total calculated
- $133,906
- From this org
- $114,729
- From related orgs
- $0
- Other
- $19,177
- Hours/week
- 40
-
MARK FRUITT
PRINCIPAL
- Total calculated
- $167,794
- From this org
- $152,303
- From related orgs
- $0
- Other
- $15,491
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $152,303
- Bonus
- $0
- Other
- $0
- Deferred
- $5,680
- Nontaxable benefits
- $9,811
- Filer's total
- $167,794
-
DENNIS SMITH
DIRECTOR ATHLETICS
- Total calculated
- $162,738
- From this org
- $152,026
- From related orgs
- $0
- Other
- $10,712
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $152,026
- Bonus
- $0
- Other
- $0
- Deferred
- $6,040
- Nontaxable benefits
- $4,672
- Filer's total
- $162,738
-
LAURA GLENN
HEAD OF ELEMENTARY
- Total calculated
- $125,739
- From this org
- $114,214
- From related orgs
- $0
- Other
- $11,525
- Hours/week
- 40
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 · Discretionary spending account
- 1a · Health or social club dues or initiation fees
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Written employment contract
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 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 III - SCHEDULE J SUPPLEMENTAL INFORMATION
- THE HEADMASTER IS REIMBURSED FOR BUSINESS-RELATED EXPENSES HE INCURS IN ATTENDING ENTITY FUNCTIONS AND PROMOTING PDS. THE MAXIMUM AMOUNT FOR EXPENSE REIMBURSEMENTS IS $10,000 PER FISCAL YEAR.
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.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(C)(3) · RELIGIOUS · TN
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 12 June 2024
- IRS schema version
- 2022v5.0
- Source object
- 202441649349301549
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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