Spartanburg Day School
- Assets
- $65.9m
- Revenue
- $27.2m
- Investments
- $0.0
- Employees
- 224
- Location
- Spartanburg, SC
- Founding
- 10/1958
- Data as of
- 06/2021
- EIN
- 57-0371816
Organization Overview
Spartanburg Day School is located in Spartanburg, SC. The organization was established in 1958. 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 06/2021, Spartanburg Day School employed 224 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spartanburg Day 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, Spartanburg Day School generated $27.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $12.9m during the year ending 06/2021. While expenses have increased by 4.2% 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
SDS IS A COLLEGE PREPARATORY, CO-EDUCATIONAL DAY SCHOOL FOR STUDENTS IN GRADES 3-K THROUGH 12.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPARTANBURG DAY SCHOOL IS A NATIONALLY ACCREDITED INDEPENDENT SCHOOL FOR STUDENTS IN GRADES 2K-12 LOCATED IN SPARTANBURG SC. THE SCHOOL PROVIDES A COLLEGE PREPARATORY EDUCATION FOR STUDENTS IN 3 SCHOOL DIVISIONS: LOWER SCHOOL - GRADES 2K-4THMIDDLE SCHOOL - GRADES 5-8UPPER SCHOOL - GRADES 9-12
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rachel Deems Head Of School | Officer | 40 | $215,655 |
Kevin Weatherill Head Of Upper School | 40 | $109,876 | |
Sheila Cash Director Of Finance & Oper | Trustee | 40 | $89,547 |
Jaime Wall President | OfficerTrustee | 0 | $0 |
Susan Bridges Treasurer | OfficerTrustee | 0 | $0 |
Alice Dawson Vice President | OfficerTrustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bluechoice Healthcare Healthcare | 6/29/18 | $534,385 |
Duke Power Utilities | 6/29/18 | $139,449 |
The Budd Group Janitorial | 6/29/18 | $126,400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $142,338 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,841,999 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,984,337 |
| Total Program Service Revenue | $9,547,045 |
| Investment income | $324,959 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,660,653 |
| Net Income from Fundraising Events | $59,048 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $27,162,424 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,217,090 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,306,534 |
| Pension plan accruals and contributions | $217,054 |
| Other employee benefits | $1,363,060 |
| Payroll taxes | $398,785 |
| Fees for services: Management | $55,000 |
| Fees for services: Legal | $22,488 |
| Fees for services: Accounting | $21,675 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $239,074 |
| Royalties | $0 |
| Occupancy | $504,250 |
| Travel | $13,035 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,001,308 |
| Insurance | $71,440 |
| All other expenses | $106,567 |
| Total functional expenses | $12,907,819 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,315,351 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $5,416,210 |
| Accounts receivable, net | $4,141,068 |
| 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 | $238,305 |
| Net Land, buildings, and equipment | $16,243,648 |
| Investments—publicly traded securities | $33,585,191 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $65,939,773 |
| Accounts payable and accrued expenses | $1,012,371 |
| Grants payable | $0 |
| Deferred revenue | $6,916,127 |
| 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 | $0 |
| Total liabilities | $7,928,498 |
| Net assets without donor restrictions | $19,482,711 |
| Net assets with donor restrictions | $38,528,564 |
| 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 | $65,939,773 |
Grants Recieved
Over the last fiscal year, we have identified 22 grants that Spartanburg Day School has recieved totaling $1,520,636.
| Awarding Organization | Amount |
|---|---|
Spartanburg County Foundation Spartanburg, SC PURPOSE: GENERAL SUPPORT | $684,473 |
Arkwright Foundation Spartanburg, SC PURPOSE: GENERAL OPERATING SUPPORT | $255,000 |
Phifer-Johnson Foundation Spartanburg, SC PURPOSE: GENERAL SUPPORT | $250,000 |
Rose & Walter Montgomery Foundation Spartanburg, SC PURPOSE: GENERAL OPERATING SUPPORT | $100,000 |
Betty And James K Stone Foundation Wellford, SC PURPOSE: EDUCATION | $71,950 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $55,000 |
Endowment Analysis
| Beg. Balance | $20,935,209 |
| Earnings | $7,081,479 |
| Net Contributions | $6,457,255 |
| Grants | $914,074 |
| Ending Balance | $33,559,869 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cannon School Inc Concord, NC | $52,291,449 | $28,580,834 |
Thales Academy Raleigh, NC | $136,454,160 | $55,473,682 |
Mt Paran Christian School Inc Kennesaw, GA | $56,928,804 | $29,889,603 |
Lake Norman Charter School Inc Huntersville, NC | $64,551,351 | $25,126,213 |
Greensboro Independent School Corporation Greensboro, NC | $42,520,891 | $22,760,621 |
Trinity School Inc Atlanta, GA | $133,203,671 | $25,058,941 |
Hammond School Columbia, SC | $54,753,815 | $20,190,119 |
Carolina Day School Inc Asheville, NC | $29,412,889 | $19,874,947 |
Summit School Inc Winstonsalem, NC | $46,496,346 | $18,682,492 |
North Cobb Christian School Inc Kennesaw, GA | $44,288,708 | $22,180,039 |
Piedmont Community Charter School Gastonia, NC | $39,263,540 | $16,321,598 |
Franklin Academy Inc Wake Forest, NC | $23,533,490 | $17,154,874 |