Davidson College
- Assets
- $1.8b
- Revenue
- $194.8m
- Investments
- $1.2b
- Employees
- 2,434
- Location
- Davidson, NC
- Founding
- 01/1951
- Data as of
- 06/2021
- EIN
- 56-0529961
Organization Overview
Davidson College is located in Davidson, NC. The organization was established in 1951. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2021, Davidson College employed 2,434 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Davidson College 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, Davidson College generated $194.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $180.5m during the year ending 06/2021. While expenses have increased by 3.9% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
UNDERGRADUATE LIBERAL ARTS EDUCATION
Describe the Organization's Program Activity:
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.
NEED-BASED AND MERIT AID AWARDED TO STUDENTS.
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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert H Mckillop Mens Basketball Coach | 40 | $653,569 | |
Raymond A Jacobson Chief Investment Officer | Officer | 40 | $476,156 |
Carol E Quillen President | OfficerTrustee | 40 | $448,791 |
Antoinette P Mccorvey Asst Sec And VP Of Fin & Admin | Officer | 40 | $325,628 |
Philip N Jefferson VP For Acad Aff & Dean Of Fac | Officer | 40 | $306,609 |
Eileen Keeley VP Of College Relations | 40 | $306,244 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tj Construction Company Construction | 6/29/21 | $822,154 |
Embree Reed Inc Construction | 6/29/21 | $2,439,550 |
Gt Contracting Of The Carolinas Inc Construction | 6/29/21 | $979,763 |
Davco Roofing Sheet Metal Inc Construction | 6/29/21 | $978,300 |
Mako Medical Laboratories Llc Health Care Diag Lab | 6/29/21 | $2,894,600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,477,248 |
| All other contributions, gifts, grants, and similar amounts not included above | $41,422,617 |
| Noncash contributions included in lines 1a–1f | $4,782,346 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $45,899,865 |
| Total Program Service Revenue | $106,724,619 |
| Investment income | $43,292,159 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,102,730 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $194,756,860 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $75,000 |
| Grants and other assistance to domestic individuals. | $59,281,644 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,380,266 |
| Compensation of current officers, directors, key employees. | $1,737,294 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $58,213,297 |
| Pension plan accruals and contributions | $5,126,388 |
| Other employee benefits | $5,975,940 |
| Payroll taxes | $4,121,499 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $267,485 |
| Fees for services: Accounting | $222,922 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $44,500 |
| Fees for services: Investment Management | $1,621,329 |
| Fees for services: Other | $1,634,835 |
| Advertising and promotion | $73,763 |
| Office expenses | $5,965,071 |
| Information technology | $3,081,947 |
| Royalties | $1,886 |
| Occupancy | $2,212,445 |
| Travel | $1,430,650 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $522,829 |
| Interest | $1,519,015 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,595,039 |
| Insurance | $1,070,841 |
| All other expenses | $0 |
| Total functional expenses | $180,507,570 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $73,335,577 |
| Pledges and grants receivable | $50,580,232 |
| Accounts receivable, net | $7,481,930 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,276,595 |
| Inventories for sale or use | $936,297 |
| Prepaid expenses and deferred charges | $2,316,608 |
| Net Land, buildings, and equipment | $338,234,013 |
| Investments—publicly traded securities | $45,813,936 |
| Investments—other securities | $1,229,991,086 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $36,556,417 |
| Total assets | $1,786,522,691 |
| Accounts payable and accrued expenses | $21,668,436 |
| Grants payable | $0 |
| Deferred revenue | $4,717,226 |
| Tax-exempt bond liabilities | $48,762,722 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $25,000,000 |
| Unsecured mortgages and notes payable | $12,666,876 |
| Other liabilities | $28,816,560 |
| Total liabilities | $141,631,820 |
| Net assets without donor restrictions | $409,605,749 |
| Net assets with donor restrictions | $1,235,285,122 |
| 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 | $1,786,522,691 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Davidson College has recieved totaling $391,842.
| Awarding Organization | Amount |
|---|---|
Uw Jean Mauze Charitable Trust 354869 Dallas, TX PURPOSE: OPERATIONAL & EDUCATIONAL | $378,842 |
Institution For Savings In Newbrypt & Its Vcnty Chrtble Foundation Inc Newburyport, MA PURPOSE: EXEMPT PURPOSE | $10,000 |
Albert And Louise Davis Scholarship Fund Fbo Rotary Club Elzbth Nj Inc Berkeley Heights, NJ PURPOSE: SCHOLARSHIP | $2,000 |
The Fullgraf Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
Endowment Analysis
| Beg. Balance | $905,857,946 |
| Earnings | $429,105,163 |
| Admin Expense | $1,621,329 |
| Net Contributions | $48,882,885 |
| Other Expense | $19,819,370 |
| Grants | $21,018,148 |
| Ending Balance | $1,341,387,147 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Washington & Lee University Lexington, VA | $2,101,751,936 | $186,199,453 |
Furman University Greenville, SC | $1,049,847,532 | $208,077,263 |
Davidson College Davidson, NC | $1,786,522,691 | $194,756,860 |
Rhodes College Memphis, TN | $583,153,249 | $126,618,541 |
Berry College Inc Mount Berry, GA | $1,445,846,752 | $178,933,031 |
Anderson University Anderson, SC | $269,873,980 | $130,183,026 |
Wofford College Spartanburg, SC | $486,613,567 | $116,076,279 |
Spelman College Atlanta, GA | $855,779,306 | $182,970,731 |
Roanoke College Salem, VA | $354,210,741 | $126,475,040 |
Lee University Cleveland, TN | $200,405,989 | $108,753,431 |
Morehouse College Atlanta, GA | $491,950,493 | $206,029,432 |
Union University Jackson, TN | $193,669,100 | $103,290,604 |