Davidson Institute for Talent Development EIN 88-0427864

Davidson Institute for Talent Development

EIN  88-0427864 Public charity (501(c)(3)) Incline Vlg, NV Founded 1999
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Size
$10–100M
What they do
Empower profoundly gifted youth nationwide with essential support and resources.
Leadership
Colleen Harsin · Exec Director Davidson Academy · $275K
Money in and out
$25.2M revenue, $15.3M expenses
Bottom line
79% program efficiency

Empower profoundly gifted youth nationwide with essential support and resources. For fiscal year 2025 it reported $25.2M in revenue, $15.3M in expenses, and $220.1M in net assets.Pt I

Where the money goes · FY2025
Total revenue
$25.2M
Pt VIII · Ln 12
Total expenses
$15.3M
Pt IX · Ln 25
Net assets
$220.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $9.9M
Where spending went · Part IX cols B–D
Program services $0.79 Management & general $0.21
Program efficiency
79%
of spending reaches programs
Operating runway
173.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
+39%
revenue over expenses, this year▼ -59% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$25.2M
FY2025▼ -90%
Expenses
$15.3M
FY2025▲ +16%
Total assets
$222.7M
FY2025▲ +5%
Total liabilities
$2.5M
FY2025▲ +37%
Total revenue
$25.2M
Pt VIII · Ln 12
Total expenses
$15.3M
Pt IX · Ln 25
Net assets
$220.1M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$9.9M
Total assetsPt X · Ln 16$222.7M
Program-expense ratioPt IX · col B79%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 42
Mission & Programs · Part III

Where the work happens

3 program services account for $10.7M of program spending, described in the organization's own filed words · FY2024.
01

In furtherance of its objective to serve gifted youth, the davidson institute for talent development operates a tuition-free, public school for profoundly gifted middle and high school students.

$5.3Mprogram expense
02

Davidson academy online, LLC, a subsidiary of davidson institute, is an online school for the profoundly gifted servicing 95 - 105 students from 8TH - 12TH grade throughout the U.S. Davidson academy online charges out-of-state students of the online campus with annual tuition up to $16,200 per year for full-time high school credits.

$3.5Mprogram expense
03

The davidson institute for talent development holds four summer programs for profoundly gifted students, ages 8-11. The five-day residential program focuses on supporting academic and social needs.

$2.0Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CDavidson Institute for Talent Development
EINHdr · item D88-0427864
Principal addressHdr · item CIncline Vlg, NV
WebsiteHdr · item Jwww.davidsongifted.org
Year of formationHdr · item L1999
State of legal domicileHdr · item MNV
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B122)
Ruling yearIRS BMFOct 2025

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b2
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Exec Director Davidson Academy
$275,209Pt VII · Sec A
Director of IT
$212,292Pt VII · Sec A
Exec Director Davidson Academy Online
$184,538Pt VII · Sec A
HR Director
$181,615Pt VII · Sec A
Exec Director Institute
$169,114Pt VII · Sec A
Exec Director Institute
$169,113Pt VII · Sec A
Instructor
$123,290Pt VII · Sec A
$112,953Pt VII · Sec A

Colleen Harsin’s $275K as Exec Director Davidson Academy is at the 59th percentile of top reported officer pay among 3682 $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

NameFY2025FY2024
Colleen Harsin$275,209$296,146
Eamonn O'Brien$212,292
Ashley Zahn$184,538
Dee Carey$181,615
Aimee Cummins$169,114
Katie Glensor$169,113
Erin Vienneau$123,290
James Bondarchuck$112,953

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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Statement of Revenue

Part VIII
Contributions & grants$12.9M · 51%
Investment income$10.6M · 42%
Program service revenue$1.7M · 7%
Contributions & grants51%$12.9M
Investment income42%$10.6M
Program service revenue7%$1.7M
Other revenue$9K
— government grantsLn 1e$1.6M
Total revenueLn 12$25.2M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.79 Management & general $0.21
Program services79%$12.1M
Management & general21%$3.2M
Total functional expensesLn 25$15.3M

Balance Sheet

Part X · end of year
CashLn 1$4.2M
Total assetsLn 16$222.7M
Total liabilitiesLn 26$2.5M
Total net assetsLn 32$220.1M
Months of cash on handcomputed3.3

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $221.3M · Operating expenses/yr $15.3M
173.5 months
Where the money goes
Program services
Program services $12.1M · Total expenses $15.3M
79%
Management & General
Management & general $3.2M · Total expenses $15.3M
21%
Fundraising
Fundraising $0 · Total expenses $15.3M
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $11.3M
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $12.9M · Total revenue $25.2M
51%
Government reliance
Government grants $1.6M · Total revenue $25.2M
6%
Earned-income share
Program service revenue $1.7M · Total revenue $25.2M
7%
Investment reliance
Investment income $10.6M · Total revenue $25.2M
+42%
Program self-sufficiency
Program service revenue $1.7M · Total expenses $15.3M
11%
Growth & trend
Revenue growth (YoY)
This year $25.2M · Prior year $244.8M
-90%
Revenue CAGR
FY2020 $8.1M · FY2024 $25.2M
+33%
Net-asset trend (YoY)
End of year $220.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $25.2M · Expenses $15.3M
+39%
Liabilities-to-Assets
Total liabilities — · Total assets $222.7M
Net-asset ratio
Net assets $220.1M · Total assets $222.7M
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $166.5M · Other securities (Pt X, ln 12) $50.5M · Total assets (Pt X, ln 16) $222.7M
97%
People & payroll
Highest Reported Total Compensation
Individual Colleen Harsin · Reported title EXEC DIRECTOR DAVIDSON ACADEMY · Highest reported compensation $275K · Total expenses $15.3M
2%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $9.8M · Total expenses $15.3M
64%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 79%
Overhead ratio 21%
Fundraising cost ratio 0%
Revenue growth -90%
Investment management fee ratio 1%
Legal fee ratio 0%
Accounting fee ratio 1%

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.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 3 funders$24K
See all 3 funders →
Grants paid · 199 grants · $2.7M · 2020–2024
Unitemized GrantFY2024$800,000
Unitemized GrantFY2024$11,011
Liu KatherineFY2023$53,769
Yu EdwardFY2023$27,375
Yu PhillipFY2023$25,000
Redkar NeelFY2023$25,000
Puri AnikaFY2023$25,000
Mamchik VladimirFY2023$25,000
Ma AlanFY2023$25,000
Ganesh VedFY2023$25,000
Moudgal NeelFY2023$23,508
Ostojic AnnFY2023$20,552
Wang LindseyFY2023$17,481
Wang ClaireFY2023$12,500
Estrada JohnFY2023$12,500
Young AloraFY2023$10,744
Zhou ChunyiFY2023$10,000
Yang AnnaFY2023$10,000
See all 199 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$25.2M revenue · viewing · ⤓ 990 PDF
FY2024$244.8M revenue · ⤓ 990 PDF
FY2023$9.6M revenue · ⤓ 990 PDF
FY2022$9.8M revenue · ⤓ 990 PDF
FY2021$8.1M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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