St Davids School
- Assets
- $32.4m
- Revenue
- $17.3m
- Investments
- $0.0
- Employees
- 221
- Location
- Raleigh, NC
- Founding
- 02/1973
- Data as of
- 06/2022
- 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 06/2022, St Davids School employed 221 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 06/2022, St Davids School generated $17.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $17.4m during the year ending 06/2022. While expenses have increased by 3.9% per year over the past 7 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
2022
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 669 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 |
|---|---|---|---|
Joe Knott III Chairman | OfficerTrustee | 1 | $0 |
Cliff Benson III Trustee | Trustee | 1 | $0 |
Neal Coker Trustee | Trustee | 1 | $0 |
Paul Conway Trustee | Trustee | 1 | $0 |
Anne Fletcher Trustee | Trustee | 1 | $0 |
John Luckett Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $146,383 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,845,550 |
| Noncash contributions included in lines 1a–1f | $77,414 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,991,933 |
| Total Program Service Revenue | $15,330,238 |
| Investment income | $75 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $28,337 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$75,177 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,275,406 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,104,945 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $670,615 |
| Compensation of current officers, directors, key employees. | $139,710 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,133,967 |
| Pension plan accruals and contributions | $471,635 |
| Other employee benefits | $673,452 |
| Payroll taxes | $615,630 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $60,286 |
| Fees for services: Accounting | $31,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,388 |
| Fees for services: Other | $5,965 |
| Advertising and promotion | $192,245 |
| Office expenses | $52,035 |
| Information technology | $604,337 |
| Royalties | $0 |
| Occupancy | $272,448 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $63,053 |
| Interest | $298,655 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,461,554 |
| Insurance | $94,284 |
| All other expenses | $523,754 |
| Total functional expenses | $17,364,125 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,543,002 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $550,595 |
| Accounts receivable, net | $40,248 |
| 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 | $323,581 |
| Net Land, buildings, and equipment | $26,713,511 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $203,919 |
| Total assets | $32,374,856 |
| Accounts payable and accrued expenses | $123,495 |
| Grants payable | $0 |
| Deferred revenue | $6,489,687 |
| Tax-exempt bond liabilities | $16,077,736 |
| 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 | $109,402 |
| Total liabilities | $22,800,320 |
| Net assets without donor restrictions | $7,295,535 |
| Net assets with donor restrictions | $2,279,001 |
| 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 | $32,374,856 |