Davidson Academy
- Assets
- $5.5m
- Revenue
- $9.1m
- Investments
- $0.0
- Employees
- 197
- Location
- Nashville, TN
- Founding
- 01/1983
- Data as of
- 06/2021
- EIN
- 62-1091031
Organization Overview
Davidson Academy is located in Nashville, TN. The organization was established in 1983. 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 06/2022, Davidson Academy employed 197 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Davidson Academy 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, Davidson Academy generated $9.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $9.0m during the year ending 06/2021. While expenses have increased by 1.4% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
DAVIDSON ACADEMY OFFERS A STRONG CHRISTIAN FOUNDATION FOR COLLEGE PREPARATION BY NURTURING SPIRITUAL, INTELLECTUAL, PHYSICAL, AND SOCIAL GROWTH IN AN INTERDENOMINATIONAL SETTING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTIONAL AND STUDENT ACTIVITIES: DURING THE 2021-2022 SCHOOL YEAR, DAVIDSON ACADEMY PROVIDED EDUCATION FOR 599 STUDENTS IN GRADE K-12, AND 28 STUDENTS IN THE PK3 AND PK4 PROGRAMS. DAVIDSON ACADEMY ALSO PROVIDES FULL ATHLETIC AND SUMMER CAMP PROGRAMS AS WELL AS A LIMITED DAY CARE PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Quinn Head Footbal | 40 | $129,366 | |
Terri Simmons Headmaster | Officer | 40 | $102,392 |
Heather Whigham Controller | Officer | 40 | $40,039 |
Jason Wilkerson Chairman | OfficerTrustee | 2 | $0 |
Mitzi Urquhart Vice Chairma | OfficerTrustee | 2 | $0 |
Amy Mcgrady Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $593,815 |
| Investment income | $1,795 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$73,521 |
| Net Gain/Loss on Asset Sales | -$438,556 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $18,587 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,082,935 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $917,414 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $221,646 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,457,828 |
| Pension plan accruals and contributions | $92,486 |
| Other employee benefits | $333,176 |
| Payroll taxes | $301,793 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,559 |
| Fees for services: Accounting | $31,070 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $84,255 |
| Advertising and promotion | $68,573 |
| Office expenses | $509,317 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $412,897 |
| Travel | $22,733 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $41,157 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $608,720 |
| Insurance | $67,618 |
| All other expenses | $0 |
| Total functional expenses | $9,024,308 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,968,268 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $355,062 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $47,682 |
| Prepaid expenses and deferred charges | $42,732 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,529,478 |
| Accounts payable and accrued expenses | $401,322 |
| Grants payable | $0 |
| Deferred revenue | $945,572 |
| 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 | $137,846 |
| Total liabilities | $1,484,740 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $4,044,738 |