Status and standing
Is it real, and can you give to it?
Where the money goes
What each dollar paid for.
Statement of Functional Expenses
Financial health
Is it on solid ground?
Summary of the Filing
| FY2020 | $1.3B |
|---|---|
| FY2021 | $1.8B |
| FY2022 | $1.8B |
| FY2023 | $1.8B |
| FY2024 | $1.9B |
| FY2024 | $2.0B |
| FY2020 | $109.6M |
|---|---|
| FY2021 | $141.6M |
| FY2022 | $161.6M |
| FY2023 | $160.0M |
| FY2024 | $154.6M |
| FY2024 | $157.6M |
Balance Sheet
Statement of Revenue
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 85% | — | — |
| Overhead ratio | 10% | — | — |
| Fundraising cost ratio | 15% | — | — |
| Revenue growth | 10% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
Leadership and pay
Who runs it, and what are they paid?
Officers, Directors & Key Employees
Raymond a Jacobson’s $996K as Chief Investment Officer is at the 75th percentile of top reported officer pay among 674 $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
| Name | FY2024 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Carol E Quillen | — | $378,315 | $484,254 | $1,040,381 | $448,791 | $430,964 |
| Raymond a Jacobson | $996,210 | $960,471 | $743,390 | $665,400 | $476,156 | $431,399 |
| Robert H McKillop | $419,504 | $412,907 | $490,557 | $728,985 | $653,569 | $644,984 |
| Douglas a Hicks | $597,223 | $536,811 | $236,298 | — | — | — |
| Matthew R McKillop | $489,816 | $463,662 | $285,971 | — | — | — |
| Bradley C Martin | — | — | — | $239,306 | $232,704 | $466,590 |
| David D Demeter | $436,603 | $408,504 | $351,908 | $323,266 | $254,369 | — |
| Antoinette P McCorvey | $409,147 | $430,584 | $348,615 | $355,622 | $325,628 | $333,793 |
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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Governance & Policies
- 37Voting board membersPt VI · Ln 1a
- 35Independent board membersPt VI · Ln 1b
- Conflict-of-interest policyPt VI · Ln 12aYes
- Whistleblower policyPt VI · Ln 13Yes
- Document retention policyPt VI · Ln 14Yes
- Top official’s pay independently reviewedPt VI · Ln 15aYes
- Family or business ties among leadersPt VI · Ln 2No
Mission and programs
What it does.
Provides a comprehensive undergraduate liberal arts education alongside essential student support services, including career counseling, medical care, financial aid, and community service programs.
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Where the work happens
Need-based and merit aid awarded to students.
Instruction and academic programs leading to B.S. And B.A. Degrees for davidson students. This includes support of international students studying at davidson and davidson students studying abroad.
Student support services including the college union, on-site medical care, student counseling, career services, community service programs and the offices of admission and financial aid.
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Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
Filing history
Every return on file.
| Year | Revenue | Expenses | Change | Filing |
|---|---|---|---|---|
| FY2024 | $270.0M | $213.9M | +33% | 990 PDF |
| FY2023 | $202.4M | $193.1M | -43% | 990 PDF |
| FY2022 | $353.4M | $173.7M | +81% | 990 PDF |
| FY2021 | $194.8M | $180.5M | -3% | 990 PDF |
| FY2020 | $201.7M | $167.8M | 990 PDF |
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Schedules filed Part IV
Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.
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Sources
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