Spartanburg Day School
- Assets
- $65.5m
- Revenue
- $20.0m
- Investments
- $0.0
- Employees
- 271
- Location
- Spartanburg, SC
- Founding
- 10/1958
- Data as of
- 06/2022
- 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 06/2022, Spartanburg Day School employed 271 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 06/2022, Spartanburg Day School generated $20.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $14.2m during the year ending 06/2022. While expenses have increased by 5.0% 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
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 |
|---|---|---|---|
Jaime Wall President | OfficerTrustee | 0 | $0 |
Susan Bridges Treasurer | OfficerTrustee | 0 | $0 |
Alice Dawson Vice President | OfficerTrustee | 0 | $0 |
Billy Webster Trustee | Trustee | 0 | $0 |
Marjorie Boafo Appiah Trustee | Trustee | 0 | $0 |
Vic Bailey III Trustee | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cannon Roofing Llc Installing Roofing | 6/29/22 | $431,690 |
Sansbury Food Llc Food Service | 6/29/22 | $145,137 |
Roebuck Wholesale Nursery & Landscaping Landscaping | 6/29/22 | $119,809 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $88,985 |
| Related organizations | $0 |
| Government grants | $483,184 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,494,661 |
| Noncash contributions included in lines 1a–1f | $321,728 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,066,830 |
| Total Program Service Revenue | $10,189,083 |
| Investment income | $430,669 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,699,282 |
| Net Income from Fundraising Events | -$33,801 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,048,240 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,364,050 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $484,870 |
| Compensation of current officers, directors, key employees. | $131,470 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,097,013 |
| Pension plan accruals and contributions | $239,093 |
| Other employee benefits | $1,340,495 |
| Payroll taxes | $428,375 |
| Fees for services: Management | $60,500 |
| Fees for services: Legal | $17,630 |
| Fees for services: Accounting | $13,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $138,127 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $284,994 |
| Royalties | $0 |
| Occupancy | $593,223 |
| Travel | $22,114 |
| 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 | $940,821 |
| Insurance | $89,659 |
| All other expenses | $67,906 |
| Total functional expenses | $14,195,518 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,385,587 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $5,130,228 |
| Accounts receivable, net | $4,569,684 |
| 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 | $100,595 |
| Net Land, buildings, and equipment | $18,178,983 |
| Investments—publicly traded securities | $29,801,114 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $291,981 |
| Total assets | $65,458,172 |
| Accounts payable and accrued expenses | $943,931 |
| Grants payable | $0 |
| Deferred revenue | $7,564,017 |
| 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 | $8,507,948 |
| Net assets without donor restrictions | $21,271,347 |
| Net assets with donor restrictions | $35,678,877 |
| 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 | $65,458,172 |