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Nonprofiteer
← COLLEGIATE SCHOOL OF MEMPHIS

Form 990 for tax year 2022

Filed by COLLEGIATE SCHOOL OF MEMPHIS.

Totals

Total revenue
$3,978,849
Total expenses
$5,312,087
Contributions and grants received
$3,161,906
Grants paid
$0
Program service revenue
$816,943
Investment income
$0
Other revenue
$0
Total assets, end of year
$7,694,674
Total liabilities, end of year
$7,626,331
Net assets or fund balances, end of year
$68,343
Program services expenses (Part IX)
$4,299,509
Management and general expenses
$969,991
Fundraising expenses
$42,587
Program service expenses (Part III)
$4,299,509

Program services were 80.9% 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)

    $319,476

  • 1f · All other contributions, gifts and grants

    $2,842,430

  • 2a · Program service revenue: TUITION

    total $451,291 · related or exempt $451,291

  • 2b · Program service revenue: CAFETERIA REVENUE

    total $260,111 · related or exempt $260,111

  • 2c · Program service revenue: OTHER

    total $78,710 · related or exempt $78,710

  • 2d · Program service revenue: ATHLETIC & CONCESSION

    total $19,199 · related or exempt $19,199

  • 2e · Program service revenue: UNIFORM & MERCHANDISE

    total $7,632 · related or exempt $7,632

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $216,312 · program services $71,920 · management and general $144,392

  • 7 · Other salaries and wages

    total $2,693,578 · program services $2,148,182 · management and general $514,170 · fundraising $31,226

  • 8 · Pension plan contributions

    total $72,055 · program services $55,177 · management and general $16,475 · fundraising $403

  • 9 · Other employee benefits

    total $316,730 · program services $225,665 · management and general $86,943 · fundraising $4,122

  • 10 · Payroll taxes

    total $211,179 · program services $161,714 · management and general $47,239 · fundraising $2,226

  • 11g · Fees: other

    total $40,941 · management and general $40,941

  • 12 · Advertising and promotion

    total $2,282 · management and general $2,282

  • 13 · Office expenses

    total $25,516 · program services $22,964 · management and general $2,552

  • 14 · Information technology

    total $105,864 · program services $105,864

  • 20 · Interest

    total $321,194 · program services $289,075 · management and general $32,119

  • 22 · Depreciation, depletion and amortization

    total $339,983 · program services $306,933 · management and general $33,050

  • 23 · Insurance

    total $58,956 · program services $53,060 · management and general $5,896

  • 24a · Other expenses: BUILDING MAINTENANCE &

    total $255,559 · program services $230,098 · management and general $25,461

  • 24b · Other expenses: CAFETERIA FOOD & SUPPLI

    total $192,274 · program services $192,274

  • 24c · Other expenses: UTILITIES

    total $170,255 · program services $158,017 · management and general $12,238

  • 24d · Other expenses: EANS PURCHASING

    total $95,608 · program services $95,608

  • 24e · All other expenses

    total $193,801 · program services $182,958 · management and general $6,233 · fundraising $4,610

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $22,662

  • 2 · Savings and temporary cash investments

    beginning of year $2,972,651 · end of year $1,519,686

  • 4 · Accounts receivable

    beginning of year $2,000 · end of year $20,788

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,354 · end of year $8,354

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

    $10,004,859

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

    $4,167,799

  • 10c · Land, buildings and equipment, net

    beginning of year $6,164,799 · end of year $5,837,060

  • 15 · Other assets

    beginning of year $112,944 · end of year $308,786

  • 17 · Accounts payable and accrued expenses

    beginning of year $218,747 · end of year $154,526

  • 19 · Deferred revenue

    beginning of year $45,705 · end of year $40,979

  • 23 · Secured mortgages and notes payable

    beginning of year $7,813,220 · end of year $7,430,826

  • 27 · Net assets without donor restrictions

    beginning of year $1,192,473 · end of year $68,343

  • 28 · Net assets with donor restrictions

    beginning of year $13,265 · end of year $0

Mission and programs · 2022

Mission

TO PREPARE YOUNG LADIES AND GENTLEMEN FOR COLLEGE SUCCESS WITHIN A HIGHLY-STRUCTURED, NURTURING, CHRISTIAN ENVIRONMENT.

Activities or mission (Part I)

THE COLLEGIATE SCHOOL OF MEMPHIS IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, LITERARY, AND EDUCATIONAL PURPOSES.

  • COLLEGE PREPARATORY SCHOOL PROVIDING STUDENTS WITH A CHALLENGING AND HIGH QUALITY EDUCATION.

    Expenses $4,299,509 · Revenue $816,943

As filed on the 2022 return.

Listed in Part VII

  • MCLEAN WILSON

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • TOM MARINO

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    2

  • KEITH OKELLO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • ISAAC RODRIGUEZ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • ANAHI SANCHEZ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • BEN SCOTT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • MERRILL SKIPWORTH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • MCKENZIE COHEN

    HEAD OF SCHOOL

    Total calculated
    $153,303
    From this org
    $143,839
    From related orgs
    $0
    Other
    $9,464
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,839
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $9,464
    Filer's total
    $153,303

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

None.

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

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
13 May 2024
IRS schema version
2022v5.0
Source object
202411359349301401

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