Durham Nativity School Inc
- Assets
- $7.2m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 34
- Location
- Durham, NC
- Founding
- 04/2002
- Data as of
- 06/2022
- EIN
- 56-2274228
Organization Overview
Durham Nativity School Inc is located in Durham, NC. The organization was established in 2002. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Durham Nativity School Inc employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Durham Nativity School Inc 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, Durham Nativity School Inc generated $1.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.6%) each year. All expenses for the organization totaled $1.6m during the year ending 06/2022. 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
PROVIDE A LEARNING EXPERIENCE FOR SOCIOECONOMICALLY DISADVANTAGED AND AT-RISK BOYS WHO MIGHT NOT OTHERWISE HAVE ACCESS TO A QUALITY EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATED A SCHOOL FOR BOYS IN GRADES 5 THROUGH 8
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vince Vincent Executive Director | Officer | 40 | $60,806 |
Daniel Vannelle Executive Director - Previous | Officer | 40 | $43,935 |
Harrison Shannon Board Member | Trustee | 1 | $0 |
Marco Reyes Board Member | Trustee | 1 | $0 |
Ruby Thompkins Board Member | Trustee | 1 | $0 |
Jeanne Howard Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,501,360 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,501,360 |
| Total Program Service Revenue | $5,976 |
| Investment income | $16,207 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $58,616 |
| Net Gain/Loss on Asset Sales | $18,011 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,675,385 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $141,245 |
| Compensation of current officers, directors, key employees. | $46,611 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $578,633 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $124,502 |
| Payroll taxes | $54,444 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $23,168 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $48,362 |
| Advertising and promotion | $16,754 |
| Office expenses | $4,073 |
| Information technology | $19,396 |
| Royalties | $0 |
| Occupancy | $270,673 |
| Travel | $3,208 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $57,398 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $148,882 |
| Insurance | $15,412 |
| All other expenses | $15,117 |
| Total functional expenses | $1,642,863 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,416 |
| Savings and temporary cash investments | $1,697,465 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,329 |
| 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 | $10,064 |
| Net Land, buildings, and equipment | $4,566,052 |
| Investments—publicly traded securities | $842,218 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,163,544 |
| Accounts payable and accrued expenses | $10,466 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,871,926 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,882,392 |
| Net assets without donor restrictions | $4,324,780 |
| Net assets with donor restrictions | $956,372 |
| 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 | $7,163,544 |