Gaston Day School Inc
- Assets
- $27.8m
- Revenue
- $10.8m
- Investments
- $7.1m
- Employees
- 185
- Location
- Gastonia, NC
- Founding
- 02/1967
- Data as of
- 06/2021
- EIN
- 56-6076613
Organization Overview
Gaston Day School Inc is located in Gastonia, NC. The organization was established in 1967. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Gaston Day School Inc employed 185 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gaston Day 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 06/2021, Gaston Day School Inc generated $10.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $10.0m during the year ending 06/2021. While expenses have increased by 2.4% 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
GASTON DAY SCHOOL (GDS) IS AN INDEPENDENT SCHOOL WHOSE MISSION IS TO EDUCATE OUR STUDENTS AND PREPARE THEM FOR SUCCESS AND RESPONSIBLE AND PRODUCTIVE LIVES. GDS OFFERS AN EXPERIENCE THAT REWARDS STUDENTS FOR A LIFETIME AND GIVES THEM AN EDUCATION THAT GOES FAR BEYOND OUR CURRICULUM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GASTON DAY SCHOOL, INC. (GDS) IS A NONSECTARIAN, COLLEGE-PREPARATORY SCHOOL FOR GRADES PRESCHOOL THROUGH 12 WITH OVER 500 STUDENTS. ACADEMIC EXCELLENCE IS THE SCHOOL'S HALLMARK: THE ELEMENTARY AND MIDDLE SCHOOL SCORE IN THE TOP HALF OF THE NATION'S INDEPENDENT SCHOOLS ON STANDARDIZED TESTS; SAT SCORES ON CRITICAL READING AND MATH ARE CONSTANTLY GASTON COUNTY'S HIGHEST; AND OUR AP TEST PASS RATE IS OVER 80%. WITH GENERAL ACADEMIC EXCELLENCE IN ALL UPPER SCHOOL SUBJECTS, THE WRITING AND FINE ARTS PROGRAMS REGULARLY WIN REGIONAL AND NATIONAL AWARDS. ATHLETICS AND THE FINE ARTS REMAIN INTEGRAL TO THE COMPREHENSIVE EDUCATION THAT THE SCHOOL PROVIDES. GDS HAS A RICH HISTORY AND LOOKS FORWARD TO A BRIGHT FUTURE OF CONTINUED GROWTH AND ACADEMIC EXCELLENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Richard Rankin Head Of Scho | Officer | 50 | $199,163 |
Vann Noblett Director Of | Officer | 50 | $126,455 |
Charles Heilig III Chair | OfficerTrustee | 2 | $0 |
Allan Mark Treasurer | OfficerTrustee | 2 | $0 |
Laurie Ness Past Chair | OfficerTrustee | 2 | $0 |
Pamela Warlick Secretary | OfficerTrustee | 2 | $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 | $2,262,036 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,262,036 |
| Total Program Service Revenue | $8,475,588 |
| Investment income | $23,012 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,760,636 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,593,694 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $325,618 |
| Compensation of current officers, directors, key employees. | $325,618 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,897,326 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $806,184 |
| Payroll taxes | $0 |
| Fees for services: Management | $55,596 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $52,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $41,045 |
| Fees for services: Other | $186,903 |
| Advertising and promotion | $219,170 |
| Office expenses | $110,101 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $188,385 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,089 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $819,835 |
| Insurance | $79,666 |
| All other expenses | $552,979 |
| Total functional expenses | $10,020,829 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,057,340 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $395,816 |
| Accounts receivable, net | $72,672 |
| 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 | $76,308 |
| Net Land, buildings, and equipment | $12,170,213 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $7,077,695 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,951,626 |
| Total assets | $27,801,670 |
| Accounts payable and accrued expenses | $54,657 |
| Grants payable | $0 |
| Deferred revenue | $1,635,393 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $639,235 |
| Total liabilities | $2,329,285 |
| Net assets without donor restrictions | $14,756,098 |
| Net assets with donor restrictions | $10,716,287 |
| 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 | $27,801,670 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Gaston Day School Inc has recieved totaling $295,389.
| Awarding Organization | Amount |
|---|---|
The@w Duke Kimbrell Family Foundation Gastonia, NC PURPOSE: TAX EXEMPT EDUCATIONAL PURPOSE OF THE SCHOOL | $205,398 |
Gaston Community Foundation Gastonia, NC PURPOSE: GENERAL SUPPORT | $73,500 |
The David Belk Cannon Foundation Gastonia, NC PURPOSE: GENERAL SUPPORT | $10,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $2,500 |
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $2,175 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $816 |
Endowment Analysis
| Beg. Balance | $8,224,877 |
| Earnings | $1,882,980 |
| Net Contributions | $253,500 |
| Grants | $303,731 |
| Ending Balance | $10,057,626 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Potomac School Mclean, VA | $225,192,195 | $49,665,882 |
Providence Day School Charlotte, NC | $110,524,658 | $50,140,053 |
Flint Hill School Oakton, VA | $94,406,099 | $45,449,765 |
Charlotte Latin Schools Inc Charlotte, NC | $136,686,590 | $47,461,290 |
Greater Atlanta Christian Schools Inc Norcross, GA | $104,910,212 | $44,897,863 |
Pace Academy Inc Atlanta, GA | $185,935,585 | $47,968,638 |
Ravenscroft School Inc Raleigh, NC | $81,090,288 | $36,426,897 |
Durham Academy Inc Durham, NC | $115,235,784 | $38,768,231 |
Purpose Built Schools Atlanta Inc Atlanta, GA | $15,990,097 | $34,651,857 |
Wesleyan School Inc Peachtree Corners, GA | $136,567,654 | $38,199,935 |
St Annes-Belfield Inc Charlottesville, VA | $122,363,605 | $34,335,007 |
Norfolk Academy Norfolk, VA | $147,079,429 | $29,484,040 |