Charlotte Country Day School
- Assets
- $226.2m
- Revenue
- $57.6m
- Investments
- $62.5m
- Employees
- 619
- Location
- Charlotte, NC
- Founding
- 04/1944
- Data as of
- 06/2021
- EIN
- 56-0623935
Organization Overview
Charlotte Country Day School is located in Charlotte, NC. The organization was established in 1944. 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, Charlotte Country Day School employed 619 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charlotte Country 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, Charlotte Country Day School generated $57.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $53.5m during the year ending 06/2021. While expenses have increased by 2.9% 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
CHARLOTTE COUNTRY DAY SCHOOL PROVIDES COMPREHENSIVE EDUCATIONAL PROGRAMS FOR GRADES PRE-KINDERGARTEN THROUGH GRADE 12 ON A NON-DISCRIMINATORY BASIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTIONAL - FUNDS WERE USED TO PROVIDE COMPREHENSIVE EDUCATIONAL PROGRAMS TO APPROXIMATELY 1,727 STUDENTS IN GRADES PRE-KINDERGARTEN THROUGH GRADE 12.
SPECIAL PROGRAM FEES - FUNDS WERE USED TO PROVIDE SPECIAL PROGRAMS, INCLUDING AFTER-SCHOOL CARE, AFTER-SCHOOL ENRICHMENT CLASSES, TUTORING, AND SUMMER DAY CAMPS (SPORTS, ARTS, ENRICHMENT) TO CHILDREN IN GRADES PRE-KINDERGARTEN THROUGH GRADE 12.
AUXILIARY SERVICES - FUNDS WERE USED TO PROVIDE FOOD, CAMPUS STORE, AND TRANSPORTATION TO STUDENTS IN GRADES PRE-KINDERGARTEN THROUGH GRADE 12.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David L Mancos Interim Head Of School And CFO | Officer | 70 | $446,185 |
Mark Reed Former Head Of School | 70 | $411,731 | |
Warren Sepkowitz Head Of Middle School | 50 | $179,694 | |
Scott Waybright Assistant Head Of School | 50 | $172,869 | |
Katharine Atkins Director Of Advancement | 50 | $166,429 | |
Matthew Less Head Of Upper School | 50 | $165,452 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Showalter Construction Co Inc Construction | 6/29/22 | $1,467,979 |
The Budd Group Janitorial | 6/29/22 | $899,784 |
Balfour Beatty Construction Construction | 6/29/22 | $20,045,112 |
Aladdin Food Management Services Llc Food Management | 6/29/22 | $1,179,517 |
Global Endowment Management Lp Endowment Management | 6/29/22 | $456,086 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,521,179 |
| Investment income | $584,063 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $34,535 |
| Net Gain/Loss on Asset Sales | $65,898 |
| Net Income from Fundraising Events | -$22,862 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$61,401 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $57,558,870 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $3,634,632 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $954,125 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $24,380,454 |
| Pension plan accruals and contributions | $1,131,234 |
| Other employee benefits | $6,448,045 |
| Payroll taxes | $1,804,126 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20,485 |
| Fees for services: Accounting | $89,517 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $2,279 |
| Fees for services: Investment Management | $437,810 |
| Fees for services: Other | $2,587,637 |
| Advertising and promotion | $152,395 |
| Office expenses | $944,847 |
| Information technology | $1,145,345 |
| Royalties | $0 |
| Occupancy | $927,158 |
| Travel | $226,284 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $316,184 |
| Interest | $713,835 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,040,153 |
| Insurance | $363,476 |
| All other expenses | $0 |
| Total functional expenses | $53,533,155 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,572,071 |
| Savings and temporary cash investments | $9,613,887 |
| Pledges and grants receivable | $11,715,584 |
| Accounts receivable, net | $527,416 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $67,721 |
| Prepaid expenses and deferred charges | $906,834 |
| Investments—publicly traded securities | $6,524,445 |
| Investments—other securities | $62,460,611 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $226,176,676 |
| Accounts payable and accrued expenses | $6,258,411 |
| Grants payable | $0 |
| Deferred revenue | $10,372,152 |
| Tax-exempt bond liabilities | $23,919,592 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $4,094,960 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,010,920 |
| Total liabilities | $45,656,035 |
| 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 | $180,520,641 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Charlotte Country Day School has recieved totaling $66,000.
| Awarding Organization | Amount |
|---|---|
James Family Foundation Inc Charlotte, NC PURPOSE: SUPPORT MANCOS PROFESSIONAL DEVELOP FUND | $50,000 |
James Family Foundation Inc Charlotte, NC PURPOSE: SUPPORT 2022-2023 ANNUAL FUND DRIVE | $10,000 |
Houston Family Foundation Armonk, NY PURPOSE: GENERAL PURPOSE | $5,000 |
Trent Family Foundation Charlotte, NC PURPOSE: GENERAL OPERATIONS | $1,000 |
Endowment Analysis
| Beg. Balance | $62,524,697 |
| Earnings | -$1,039,009 |
| Net Contributions | $3,704,548 |
| Other Expense | $1,888,089 |
| Grants | $652,566 |
| Ending Balance | $62,649,581 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Woodward Academy Inc College Park, GA | $297,987,009 | $85,209,091 |
Westminster Schools Inc Atlanta, GA | $596,739,021 | $99,709,851 |
Imagine Schools Non-Profit Inc Vienna, VA | $161,309,849 | $62,482,447 |
Lovett School Atlanta, GA | $255,570,564 | $63,708,553 |
The East Coast Migrant Head Start Project Raleigh, NC | $15,412,919 | $60,635,891 |
Charlotte Country Day School Charlotte, NC | $226,176,676 | $57,558,870 |
Collegiate School Richmond, VA | $158,195,585 | $59,848,503 |
Mccallie School Inc Chattanooga, TN | $251,954,499 | $79,356,942 |
Potomac School Mclean, VA | $225,192,195 | $49,665,882 |
Providence Day School Charlotte, NC | $110,524,658 | $50,140,053 |
Flint Hill School Oakton, VA | $94,406,099 | $45,449,765 |
Charlotte Latin Schools Inc Charlotte, NC | $136,686,590 | $47,461,290 |