Duke School
- Assets
- $22.9m
- Revenue
- $11.5m
- Investments
- $0.0
- Employees
- 188
- Location
- Durham, NC
- Founding
- 02/1984
- Data as of
- 06/2022
- EIN
- 58-1521494
Organization Overview
Duke School is located in Durham, NC. The organization was established in 1984. 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, Duke School employed 188 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Duke 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, Duke School generated $11.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $12.2m during the year ending 06/2022. While expenses have increased by 3.7% 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
EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
DUKE SCHOOL PROVIDES A COMPLETE EDUCATION FOR PRE-SCHOOL THROUGH MIDDLE SCHOOL CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Nagel Head Of School | Officer | 40 | $246,107 |
Kenneth Chandler Highly Compensated Employe | 40 | $143,473 | |
Russell Rabinowitz Highly Compensated Employe | 40 | $135,736 | |
Nicole Thompson Highly Compensated Employe | 40 | $102,100 | |
Kathleen Bartelmay Highly Compensated Employe | 40 | $101,713 | |
Bimal Shah Chair | Officer | 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 | $491,173 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $491,173 |
| Total Program Service Revenue | $12,123,823 |
| Investment income | $2,975 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $2,261 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,500,577 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,838,570 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $246,107 |
| Compensation of current officers, directors, key employees. | $246,107 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,992,771 |
| Pension plan accruals and contributions | $336,100 |
| Other employee benefits | $650,985 |
| Payroll taxes | $464,920 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,684 |
| Fees for services: Accounting | $26,629 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $198,070 |
| Advertising and promotion | $110,087 |
| Office expenses | $648,708 |
| Information technology | $308,895 |
| Royalties | $0 |
| Occupancy | $411,903 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $150,168 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $476,345 |
| Insurance | $60,101 |
| All other expenses | $4,076 |
| Total functional expenses | $12,212,472 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,899,833 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $407,993 |
| Accounts receivable, net | $21,322 |
| 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 | $108,013 |
| Net Land, buildings, and equipment | $9,876,197 |
| Investments—publicly traded securities | $6,594,875 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,249 |
| Total assets | $22,928,482 |
| Accounts payable and accrued expenses | $883,599 |
| Grants payable | $0 |
| Deferred revenue | $916,701 |
| Tax-exempt bond liabilities | $2,914,395 |
| 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 | $4,714,695 |
| Net assets without donor restrictions | $17,539,129 |
| Net assets with donor restrictions | $674,658 |
| 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 | $22,928,482 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Duke School has recieved totaling $42,713.
| Awarding Organization | Amount |
|---|---|
Gad And Marlene Janay Foundation Highland Beach, FL PURPOSE: SUPPORT FOR OPERATIONS | $22,500 |
Bright Funds Foundation San Jose, CA PURPOSE: GENERAL PURPOSE | $16,386 |
Brady Foundation Salisbury, NC PURPOSE: CHARITABLE USE | $1,500 |
Cdm Foundation South Bend, IN PURPOSE: EDUCATIONAL | $1,250 |
Fidelity Foundation Boston, MA PURPOSE: MATCHING GIFTS TO EDUCATION | $400 |
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $254 |
Endowment Analysis
| Beg. Balance | $5,284,663 |
| Earnings | -$892,476 |
| Ending Balance | $4,392,187 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ensworth School Nashville, TN | $203,625,309 | $44,175,360 |
Freedom Preparatory Academy Inc Memphis, TN | $50,857,494 | $33,295,008 |
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 |
Franklin Road Academy Inc Nashville, TN | $58,128,778 | $31,046,189 |
Brentwood Academy Inc Brentwood, TN | $50,379,157 | $25,930,047 |
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 |