David School INC: FY2023 Nonprofit Profile & Form 990 (EIN 31-0889471)

Revenue by fiscal year
FY2021	$441K
FY2022	$495K
FY2023	$296K
FY2024	$549K

Expenses by fiscal year
FY2021	$367K
FY2022	$390K
FY2023	$416K
FY2024	$441K

Net assets by fiscal year
FY2021	$920K
FY2022	$1.0M
FY2023	$904K
FY2024	$1.0M

Is it real?

Yes. Exemption reinstated (2010-11-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Aug 2013.

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

Where the money goes

81 cents of each dollar spent went to programs.

81%

19%

Program services 81% · $336K Management & general 19% · $80K

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

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII

Ned Pillersdorf

Chairman

$0Pt VII · Sec A

Alice Whitaker

Vice Chairman

$0Pt VII · Sec A

Margaret Holbrook

Secretary

$0Pt VII · Sec A

Thomas Matijasic

Trustee

$0Pt VII · Sec A

Janie Beverley

Trustee

$0Pt VII · Sec A

Jessica Branham

Trustee

$0Pt VII · Sec A

Misha Curnutte

Trustee

$0Pt VII · Sec A

James Butler

Trustee

$0Pt VII · Sec A

See David School INC executive salaries →

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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 Appalachian youth with limited resources to foster success and community service.

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Provided by the organization

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1 program · $336K · in their own filed words · FY2022

01

School operations

$336Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record

Grants received · FY2024

Trust Ud W Bingham II 207751FY2024$250K

Peoples Bank Foundation INCFY2024$2K

Total grants receivedfrom 2 funders$252K

By the numbers

The FY2023 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$296K

Ln 12

Gifts and grantsLn 1h$229K

Other incomeLn 4–11$61K

Investment incomeLn 3$7K

Money outPt IX

$416K

Ln 25

Programscol B$336K

Managementcol C$80K

Owns and owesPt X

$904K

net assets · Ln 32

Cash and savingsLn 1–2$75K

Total assetsLn 16$907K

LiabilitiesLn 26$2K

PeoplePt VI, VII

8

listed · VII A

PaidVII A0

Voting boardVI 1a7

IndependentVI 1b7

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$229K

Government grantsLn 1e$107K

Investment incomeLn 3$7K

Other incomeLn 4–11$61K

Total revenueLn 12$296K

Assets in detailPt X, end of year

CashLn 1$75K

Cash and savings togetherLn 1–2$75K

InvestmentsLn 11–13$258K

Land, buildings, equipmentLn 10c$574K

Total assetsLn 16$907K

LiabilitiesLn 26$2K

Net assetsLn 32$904K

OperationsPt I, VI

EmployeesI 59

VolunteersI 66

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY23	End FY23
Cash and savingsLn 1–2	$134K	$75K
InvestmentsLn 11–13	$270K	$258K
Land, buildings, equipmentLn 10c	$624K	$574K
Total assetsLn 16	$1.0M	$907K
LiabilitiesLn 26	$3K	$2K
Net assetsLn 32	$1.0M	$904K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$2K	$2K
Other salaries and wagesLn 7	$168K	$168K	$0	$0
Payroll taxesLn 10	$13K	$13K	$0	$0
Legal feesLn 11b	$16K	$16K	$0	$0
Accounting feesLn 11c	$13K	$0	$13K	$0
Office expensesLn 13	$629	$0	$629	$0
OccupancyLn 16	$46K	$41K	$5K	$0
TravelLn 17	$9K	$9K	$0	$0
Depreciation, depletion and amortizationLn 22	$50K	$0	$50K	$0
All other expensesLn 24e	$97K	$85K	$12K	$0
Total functional expensesLn 25	$416K	$336K	$80K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$549K	$441K	$108K	$1.0M	990 PDF
FY2023 Viewing	$296K	$416K	−$120K	$904K	990 PDF
FY2022	$495K	$390K	$105K	$1.0M	990 PDF
FY2021	$441K	$367K	$74K	$920K	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 O · Explanations

See the full FY2023 990 (6 parts)

Part I · Summary $295,993 revenue, 12 lines filed

I-8 Contributions and grants$228,736

I-9 Program service revenue$0

I-10 Investment income$6,686

I-11 Other revenue$60,571

I-12 Total revenue$295,993

I-13 Grants and similar amounts paid$2,500

I-14 Benefits paid to members$0

I-15 Salaries and benefits$181,610

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $57,262$231,949

I-18 Total expensesPrior year $57,262$416,059

I-19 Revenue less expensesPrior year −$57,262−$120,066

Part VI · Governance 7 of 7 board members independent, 3 to look at

VI-1a Voting members of the governing body7

VI-1b Independent voting members7

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-2 Family or business relationship among officers or directorsNo

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $295,993 across 5 lines filed

Lines not itemized here account for $60,571 of total revenue; see the IRS return.

VIII-1e Government grants$106,712

VIII-1f All other contributions, gifts and grants$122,024

VIII-1h Total contributions, gifts and grants$228,736

VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$6,686

VIII-12 Total revenueRelated to mission $67,257 · Unrelated business $0 · Excluded from tax $0$295,993

Part IX · Statement of functional expenses $416,059 across 10 lines filed

IX-2 Grants to domestic individualsPrograms $2,500$2,500

IX-7 Other salaries and wagesPrograms $168,128 · Management $0 · Fundraising $0$168,128

IX-10 Payroll taxesPrograms $13,482 · Management $0 · Fundraising $0$13,482

IX-11b Legal feesPrograms $16,007 · Management $0 · Fundraising $0$16,007

IX-11c Accounting feesPrograms $0 · Management $12,675 · Fundraising $0$12,675

IX-13 Office expensesPrograms $0 · Management $629 · Fundraising $0$629

IX-16 OccupancyPrograms $41,445 · Management $4,605 · Fundraising $0$46,050

IX-17 TravelPrograms $9,352 · Management $0 · Fundraising $0$9,352

IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $50,016 · Fundraising $0$50,016

IX-24e All other expensesPrograms $84,879 · Management $12,341 · Fundraising $0$97,220

IX-25 Total functional expensesPrograms $335,793 · Management $80,266 · Fundraising $0$416,059

Part X · Balance sheet $906,793 assets, 10 lines filed

X-1 Cash, non-interest-bearingStart of year $133,846$74,788

X-10c Land, buildings and equipment, netStart of year $624,102$574,086

X-11 Publicly traded securitiesStart of year $270,000$257,919

X-16 Total assetsStart of year $1,027,948$906,793

X-25 Other liabilitiesStart of year $3,476$2,387

X-26 Total liabilitiesStart of year $3,476$2,387

X-27 Net assets without donor restrictionsStart of year $774,472$646,487

X-28 Net assets with donor restrictionsStart of year $250,000$257,919

X-32 Total net assets or fund balancesStart of year $1,024,472$904,406

X-33 Total liabilities and net assetsStart of year $1,027,948$906,793

Part XI · Reconciliation of net assets $904,406 net assets at year end

XI-1 Total revenue$295,993

XI-2 Total expenses$416,059

XI-3 Revenue less expenses−$120,066

XI-4 Net assets at start of year$1,024,472

XI-10 Net assets at end of year$904,406

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

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David School INC FY2023 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for David School INC

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV