Davidson Academy FY2022 filing

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Davidson Academy offers a strong christian foundation for college preparation by nurturing spiritual, intellectual, physical, and social growth in an interdenominational setting.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
$272K 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

FY2022 · Form 990-TIndependent: 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-T
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 $460K a year · 4% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$272K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
3 mo
of spending, in cash
Looks good: 3.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $20K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.4M
24% of total assets
Looks good: liabilities are 24% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 10 voting members
Looks good: 9 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$10.0M
+10% vs prior year
Spent
$9.5M
To programs
83%
Net assets
$4.6M
By yearFY2020–FY2025
Revenue
$10.0M
FY2022▲ +10%
Tap a bar for its year
Revenue by fiscal year
FY2020$10.5M
FY2021$9.1M
FY2022$10.0M
FY2023$10.7M
FY2024$11.1M
FY2025$12.2M
Expenses
$9.5M
FY2022▲ +5%
Tap a bar for its year
Expenses by fiscal year
FY2020$9.8M
FY2021$9.0M
FY2022$9.5M
FY2023$9.4M
FY2024$10.8M
FY2025$12.3M
Net assets
$4.6M
FY2022▲ +13%
Tap a bar for its year
Net assets by fiscal year
FY2020$4.0M
FY2021$4.0M
FY2022$4.6M
FY2023$5.8M
FY2024$6.2M
FY2025$6.1M

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 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 Jan 1983.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $7.9M Management & general 13% · $1.3M Fundraising 3% · $302K

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

13 people listed on the 990-T; $272K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Head Footbal
$129,366Pt VII · Sec A
Headmaster
$102,392Pt VII · Sec A
Controller
$40,039Pt VII · Sec A
$0Pt VII · Sec A
Vice Chairma
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A

Jonathan Quinn’s $146K as Head Footbal is at the 14th 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
Joseph Bradley————$123,360$167,304
Terri Simmons—$155,578$155,636$102,392$37,235—
Jonathan Quinn$146,147$143,895$131,139$129,366——
Sarah Jane Moore$106,727$99,342————
Davis Dyer$99,110$51,860————
Heather Whigham——$96,418$40,039——
Lindsey Judd$90,360—————
Kimmi Hayes————$53,633$71,014

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.

See Davidson Academy 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

Prepares students for college with a strong Christian foundation, fostering spiritual, intellectual, physical, and social growth.

Questions for Davidson Academy

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1 program · $7.9M · in their own filed words · FY2021
01

Instructional and Student Activities

During the 2021-2022 school year, davidson academy provided education for 599 students in grade k-12, and 28 students in the PK3 and PK4 programs. Davidson academy also provides full athletic and summer camp programs as well as a limited day care program.

$7.9Mprogram 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 · FY2025
Total grants receivedfrom 1 funder$20K

By the numbers

The FY2022 990-T, line by line.

1The main four
Money in
$10.0M
Fees for services$9.2M
Gifts and grants$793K
Other income$18K
Money out
$9.5M
Programs$7.9M
Management$1.3M
Fundraising$302K
Owns and owes
$4.6M
net assets
Cash and savings$2.5M
Total assets$6.0M
Liabilities$1.4M
People
13
listed
Paid3
Voting board10
Independent9
2In more detail
Revenue in detail
Gifts and grants$793K
Fees for services$9.2M
Other income$18K
Total revenue$10.0M
Assets in detailEnd of year
Cash and savings together$2.5M
Total assets$6.0M
Liabilities$1.4M
Net assets$4.6M
Operations
Employees193
Volunteers12
Fiscal year endsJune
Conflict-of-interest policyYes
Whistleblower policyYes
Records policyYes

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Mar 19, 2026 $12.2M$12.3M−$97K$6.1M 990 PDF
FY2024Filed with the IRS Feb 24, 2025 $11.1M$10.8M$320K$6.2M 990 PDF
FY2023Filed with the IRS May 15, 2024 $10.7M$9.4M$1.3M$5.8M 990 PDF
FY2022 Viewing $10.0M$9.5M$508K$4.6M 990 PDF
FY2021Filed with the IRS May 9, 2022 $9.1M$9.0M$59K$4.0M 990 PDF
FY2020Filed with the IRS May 17, 2021 $10.5M$9.8M$694K$4.0M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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