Davidson Day is a Pre-K through 12th grade college preparatory school located in Davidson, North Carolina. Davidson Day School fosters academic excellence through collaboration, creativity, and character development. Our vision is to be a premier college preparatory organization by offering innovative, personalized learning that unlocks student potential. A Davidson Day School education prepares well-rounded, compassionate leaders to succeed on the global stage.

501(c)(3) charity; gifts are tax-deductible.
74¢ of each $1 spent went to programs.
$679K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $1.3M a year · 10% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$679K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
2 mo
of spending, in cash
Plus $8.2M in investments, Pt X · Ln 11–13
Fine: 2.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $26K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$10.1M
50% of total assets
Looks good: liabilities are 50% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$12.4M
-7% vs prior year
Spent
$11.4M
To programs
74%
Net assets
$9.9M
By yearFY2020–FY2025
Revenue
$12.4M
FY2023▼ -7%
Tap a bar for its year
Revenue by fiscal year
FY2020$10.0M
FY2021$10.8M
FY2022$13.3M
FY2023$12.4M
FY2024$13.9M
FY2025$14.7M
Expenses
$11.4M
FY2023▲ +14%
Tap a bar for its year
Expenses by fiscal year
FY2020$10.2M
FY2021$9.5M
FY2022$10.0M
FY2023$11.4M
FY2024$12.5M
FY2025$14.0M
Net assets
$9.9M
FY2023▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2020$4.4M
FY2021$5.7M
FY2022$9.0M
FY2023$9.9M
FY2024$11.8M
FY2025$12.8M

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1999.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $8.4M Management & general 24% · $2.7M Fundraising 2% · $265K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

19 people listed on the 990; $679K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Head of School
$246,564Pt VII · Sec A
$189,883Pt VII · Sec A
Head of Ech-8th Gr
$123,981Pt VII · Sec A
Head of Upper Sch
$118,838Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A

Rachel Lennox’s $193K as CFO is at the 34th percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Latta Baucom—————$255,397
Pete Moore——$246,564$230,599$106,847—
Rachel Lennox$192,966$198,793$189,883$183,298$179,600$169,434
Peter Moore—$183,164————
Michael Smith$161,367$156,682$118,838$117,703$110,814$109,016
Wes Wehunt——$123,981$122,759$152,912$112,747
Andrew Bishop$147,128—————
Elizabeth McAlister$117,871$110,218————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Educates students from Pre-K through 12th grade, fostering academic excellence and character development.

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3 programs · $8.4M · in their own filed words · FY2022
01

Instructional

Davidson Day School cultivates academic excellence through collaboration, creativity, and character development. Each student is offered an active, challenging learning environment through our broad array of programs. The school had total enrollment of 475 students from pre-kindergarten through the 12th grade.

$7.9Mprogram expense
02

Special Programs

Includes the Learning and Enrichment Center and Extended Care Programs.

$316Kprogram expense
03

Auxiliary Services

Includes Cafeteria and Spiritwear.

$159Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$26K
Grants paid · 14 grants · $5.2M · 2019–2024
Unitemized GrantFY2024$829,923
Unitemized GrantFY2024$15,000
Unitemized GrantFY2023$732,270
Unitemized GrantFY2023$10,000
Unitemized GrantFY2022$730,182
Unitemized GrantFY2022$19,034
Unitemized GrantFY2021$697,709
Unitemized GrantFY2021$697,709
Unitemized GrantFY2021$7,996
Unitemized GrantFY2021$7,996
Unitemized GrantFY2020$735,361
Unitemized GrantFY2020$27,836
Unitemized GrantFY2019$661,497
Unitemized GrantFY2019$27,416

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$12.4M
Ln 12
Fees for servicesLn 2g$11.2M
Gifts and grantsLn 1h$625K
Other incomeLn 4–11$345K
Money outPt IX
$11.4M
Ln 25
Programscol B$8.4M
Managementcol C$2.7M
Fundraisingcol D$265K
Owns and owesPt X
$9.9M
net assets · Ln 32
Cash and savingsLn 1–2$1.9M
Total assetsLn 16$20.0M
LiabilitiesLn 26$10.1M
PeoplePt VI, VII
19
listed · VII A
PaidVII A4
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$625K
Fees for servicesLn 2g$11.2M
Investment incomeLn 3$230K
Other incomeLn 4–11$345K
Gains on assetsLn 7−$23K
Total revenueLn 12$12.4M
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$1.9M
Cash and savings togetherLn 1–2$1.9M
InvestmentsLn 11–13$8.2M
Land, buildings, equipmentLn 10c$9.4M
Other assetsLn 15$159K
Total assetsLn 16$20.0M
LiabilitiesLn 26$10.1M
Net assetsLn 32$9.9M
OperationsPt I, VI
EmployeesI 5177
VolunteersI 670
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$9.3M$1.9M
InvestmentsLn 11–13$8.2M
Land, buildings, equipmentLn 10c$9.3M$9.4M
Total assetsLn 16$19.2M$20.0M
LiabilitiesLn 26$10.2M$10.1M
Net assetsLn 32$9.0M$9.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$749K$749K
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$476K$476K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$5.5M$4.2M$1.2M$102K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$1.5M$1.1M$404K$17K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$11K$11K
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$74K$52K$21K$1K
Office expensesLn 13$9K$6K$3K$152
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$496K$346K$142K$8K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$248K$173K$71K$4K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$578K$403K$165K$10K
InsuranceLn 23$88K$62K$25K$1K
Other expenses (24a–d)Ln 24$1.5M$1.3M$126K$119K
All other expensesLn 24e$105K$73K$30K$2K
Total functional expensesLn 25$11.4M$8.4M$2.7M$265K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $14.7M$14.0M$702K$12.8M 990 PDF
FY2024 $13.9M$12.5M$1.4M$11.8M 990 PDF
FY2023 Viewing $12.4M$11.4M$977K$9.9M 990 PDF
FY2022 $13.3M$10.0M$3.3M$9.0M 990 PDF
FY2021 $10.8M$9.5M$1.3M$5.7M 990 PDF
FY2020 $10.0M$10.2M−$154K$4.4M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $12,377,473 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,092,651$624,722
I-9 Program service revenuePrior year $10,225,003$11,177,474
I-10 Investment incomePrior year $17,397$230,050
I-11 Other revenuePrior year $1,963,664$345,227
I-12 Total revenuePrior year $13,298,715$12,377,473
I-13 Grants and similar amounts paidPrior year $705,705$749,216
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $6,829,606$7,536,592
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $2,462,981$3,114,738
I-18 Total expensesPrior year $9,998,292$11,400,546
I-19 Revenue less expensesPrior year $3,300,423$976,927
Part VI · Governance 15 of 15 board members independent, no flags
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $12,377,473 across 10 lines filed
VIII-1f All other contributions, gifts and grants$624,722
VIII-1h Total contributions, gifts and grants$624,722
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $11,177,474$11,177,474
VIII-3 Investment incomeExcluded from tax $253,299$253,299
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsRelated to mission −$23,249−$23,249
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $345,227$345,227
VIII-12 Total revenueRelated to mission $11,499,452 · Excluded from tax $253,299$12,377,473
Part IX · Statement of functional expenses $11,400,546 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individualsPrograms $749,216$749,216
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffManagement $475,647$475,647
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $4,187,667 · Management $1,238,474 · Fundraising $101,891$5,528,032
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $1,111,793 · Management $404,166 · Fundraising $16,954$1,532,913
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11f Investment management feesManagement $11,381$11,381
IX-12 Advertising and promotionPrograms $51,677 · Management $21,153 · Fundraising $1,257$74,087
IX-13 Office expensesPrograms $6,212 · Management $2,543 · Fundraising $152$8,907
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $345,940 · Management $141,602 · Fundraising $8,417$495,959
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestPrograms $172,764 · Management $70,717 · Fundraising $4,204$247,685
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $403,329 · Management $165,093 · Fundraising $9,813$578,235
IX-23 InsurancePrograms $61,524 · Management $25,183 · Fundraising $1,497$88,204
IX-24 Other expenses (24a–d)Programs $1,261,046 · Management $125,508 · Fundraising $118,881$1,505,435
IX-24e All other expensesPrograms $73,132 · Management $29,934 · Fundraising $1,779$104,845
IX-25 Total functional expensesPrograms $8,424,300 · Management $2,711,401 · Fundraising $264,845$11,400,546
Part X · Balance sheet $19,999,548 assets, 21 lines filed
X-1 Cash, non-interest-bearing$0
X-2 Savings and temporary cash investmentsStart of year $9,297,759$1,888,381
X-3 Pledges and grants receivableStart of year $461,717$0
X-4 Accounts receivableStart of year $44,274$94,279
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $112,407$267,207
X-10c Land, buildings and equipment, netStart of year $9,272,938$9,429,157
X-11 Publicly traded securities$8,161,116
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$159,408
X-16 Total assetsStart of year $19,189,095$19,999,548
X-17 Accounts payable and accrued expensesStart of year $701,197$889,947
X-19 Deferred revenueStart of year $2,925,495$2,990,501
X-25 Other liabilitiesStart of year $214,624$75,090
X-26 Total liabilitiesStart of year $10,237,792$10,071,318
X-27 Net assets without donor restrictionsStart of year $8,366,425$9,643,936
X-28 Net assets with donor restrictionsStart of year $584,878$284,294
X-32 Total net assets or fund balancesStart of year $8,951,303$9,928,230
X-33 Total liabilities and net assetsStart of year $19,189,095$19,999,548
Part XI · Reconciliation of net assets $9,928,230 net assets at year end
XI-1 Total revenue$12,377,473
XI-2 Total expenses$11,400,546
XI-3 Revenue less expenses$976,927
XI-4 Net assets at start of year$8,951,303
XI-10 Net assets at end of year$9,928,230

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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