Charleston Day School Inc
- Assets
- $20.5m
- Revenue
- $7.7m
- Investments
- $0.0
- Employees
- 94
- Location
- Charleston, SC
- Founding
- 03/1972
- Data as of
- 06/2023
- EIN
- 57-0524184
Organization Overview
Charleston Day School Inc is located in Charleston, SC. The organization was established in 1972. 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 06/2023, Charleston Day School Inc employed 94 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charleston 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 06/2023, Charleston Day School Inc generated $7.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $6.6m during the year ending 06/2023. While expenses have increased by 3.4% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER SCHOLARSHIP, INTEGRITY, RESPECT AND RESPONSIBILITY IN OUR STUDENTS. CHARLESTON DAY SCHOOL PARTNERS WITH FAMILIES TO PROVIDE A SUPERIOR ACADEMIC, ARTISTIC, ATHLETIC AND ETHICAL FOUNDATION, PREPARING EACH STUDENT FOR A LIFETIME OF ACHIEVEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARLESTON DAY SCHOOL, INC. PARTNERS WITH FAMILIES TO PROVIDE A SUPERIOR ACADEMIC, ARTISTIC, ATHLETIC AND ETHICAL FOUNDATION, PREPARING EACH STUDENT FOR A LIFETIME OF ACHIEVEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ross P Hostetter Chair | OfficerTrustee | 5 | $0 |
James B Hood Vice Chair | OfficerTrustee | 5 | $0 |
Summerlin C Anderson Secretary | OfficerTrustee | 5 | $0 |
John R Hand Treasurer | OfficerTrustee | 5 | $0 |
Charles Robertson Allen II Trustee | Trustee | 1 | $0 |
Catherine M Grant Trustee | 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 | $1,392,601 |
| Noncash contributions included in lines 1a–1f | $89,814 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,392,601 |
| Total Program Service Revenue | $6,190,187 |
| Investment income | $157,903 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$23,271 |
| Net Gain/Loss on Asset Sales | -$15,849 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,714,618 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,180,226 |
| Pension plan accruals and contributions | $147,854 |
| Other employee benefits | $329,247 |
| Payroll taxes | $213,999 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $188,910 |
| Advertising and promotion | $3,875 |
| Office expenses | $206,356 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $422,007 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $104,765 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $453,717 |
| Insurance | $185,107 |
| All other expenses | $344,312 |
| Total functional expenses | $6,614,286 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,302,308 |
| Savings and temporary cash investments | $61,907 |
| Pledges and grants receivable | $680,843 |
| Accounts receivable, net | $4,334,882 |
| 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 | $473,891 |
| Net Land, buildings, and equipment | $8,019,495 |
| Investments—publicly traded securities | $4,623,722 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $20,497,048 |
| Accounts payable and accrued expenses | $296,637 |
| Grants payable | $0 |
| Deferred revenue | $6,230,480 |
| 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 | $2,409,722 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $88,512 |
| Total liabilities | $9,025,351 |
| Net assets without donor restrictions | $9,201,732 |
| Net assets with donor restrictions | $2,269,965 |
| 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 | $20,497,048 |