St Davids School
- Assets
- $32.6m
- Revenue
- $17.5m
- Investments
- $0.0
- Employees
- 211
- Location
- Raleigh, NC
- Founding
- 02/1973
- Data as of
- 06/2021
- EIN
- 23-7241145
Organization Overview
St Davids School is located in Raleigh, NC. The organization was established in 1973. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2021, St Davids School employed 211 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Davids School is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, St Davids School generated $17.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $17.2m during the year ending 06/2021. While expenses have increased by 4.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PREPARE STUDENTS FOR COLLEGE & LIFE BY CHALLENGING THEM TO EXCEL IN FAITH, VIRTUE & KNOWLEDGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES ARE INCURRED TO OPERATE A SCHOOL FOR 628 PRE-KINDERGARTEN THROUGH 12TH GRADE STUDENTS. THESE EXPENSES INCLUDE TEACHER SALARIES, EDUCATIONAL MATERIALS, FIELD TRIPS AND OTHER STUDENT ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Yonan Headmaster | Officer | 40 | $268,604 |
Miriam F Leshnock Asst Headmaster Finance/op | Officer | 40 | $194,391 |
Matthew Hillegass Head Of School | Officer | 40 | $171,615 |
Ryan Messmore Asst Headmaster Academics | Officer | 40 | $171,558 |
Mary A Raper Director Of Advancement | 40 | $131,627 | |
Joe Knott III Chairman | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $7,993 |
| Related organizations | $0 |
| Government grants | $2,042,637 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,263,134 |
| Noncash contributions included in lines 1a–1f | $80,463 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,313,764 |
| Total Program Service Revenue | $13,254,257 |
| Investment income | $533 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,865 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$49,546 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,520,873 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,022,925 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,130,358 |
| Compensation of current officers, directors, key employees. | $295,995 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,678,512 |
| Pension plan accruals and contributions | $402,959 |
| Other employee benefits | $613,510 |
| Payroll taxes | $605,714 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,805 |
| Fees for services: Accounting | $52,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,132 |
| Fees for services: Other | $45,486 |
| Advertising and promotion | $190,369 |
| Office expenses | $43,042 |
| Information technology | $853,103 |
| Royalties | $0 |
| Occupancy | $255,114 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,503 |
| Interest | $338,141 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,407,881 |
| Insurance | $88,433 |
| All other expenses | $572,857 |
| Total functional expenses | $17,220,579 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,820,325 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $566,116 |
| Accounts receivable, net | $322,302 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $77,933 |
| Net Land, buildings, and equipment | $27,716,053 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $125,802 |
| Total assets | $32,628,531 |
| Accounts payable and accrued expenses | $173,654 |
| Grants payable | $0 |
| Deferred revenue | $6,173,121 |
| Tax-exempt bond liabilities | $16,593,124 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $83,925 |
| Total liabilities | $23,023,824 |
| Net assets without donor restrictions | $6,904,809 |
| Net assets with donor restrictions | $2,699,898 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $32,628,531 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that St Davids School has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
James & Grace Cain Foundation Kirkland, WA PURPOSE: SCHOLARSHIPS FOR EPISCOPAL STUDENTS TO EXCEL IN THE VITAL AREAS OF FAITH, VIRTUE AND KNOWLEDGE | $20,000 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Protestant Episcopal High School In Virginia Alexandria, VA | $560,084,637 | $67,951,795 |
The Baylor School Chattanooga, TN | $270,105,763 | $47,683,171 |
Woodberry Forest School Woodberry Forest, VA | $643,383,708 | $54,060,513 |
University Of Nashville Montgomery Bell Academy Nashville, TN | $303,405,415 | $41,667,135 |
Rabun Gap-Nacoochee School Rabun Gap, GA | $105,001,665 | $32,375,355 |
Tallulah Falls School Inc Tallulah Falls, GA | $76,684,503 | $23,311,796 |
Cary Academy Cary, NC | $92,134,722 | $26,213,526 |
Whitefield Academy Inc Mableton, GA | $76,378,322 | $24,777,271 |
Battle Ground Academy Of Franklin Tennessee Franklin, TN | $62,773,782 | $25,765,415 |
Riverside Military Academy Inc Gainesville, GA | $79,257,666 | $23,072,082 |
National Association Of Secondary -School Principals Reston, VA | $56,104,392 | $28,736,000 |
Asheville School Incorporated Asheville, NC | $109,072,100 | $30,624,972 |