Durham Nativity School Inc
- Assets
- $6.8m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 20
- Location
- Durham, NC
- Founding
- 04/2002
- Data as of
- 06/2021
- EIN
- 56-2274228
Organization Overview
Durham Nativity School Inc is located in Durham, NC. The organization was established in 2002. 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 06/2021, Durham Nativity School Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Durham Nativity 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 06/2021, Durham Nativity School Inc generated $2.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.8%) each year. All expenses for the organization totaled $1.6m during the year ending 06/2021. 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
PROVIDE A LEARNING EXPERIENCE FOR SOCIOECONOMICALLY DISADVANTAGED AND AT-RISK BOYS WHO MIGHT NOT OTHERWISE HAVE ACCESS TO A QUALITY EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATED A SCHOOL FOR BOYS IN GRADES 6 THROUGH 8
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Vannelle Executive Director | Officer | 40 | $87,935 |
Mark Higgins Treasurer | OfficerTrustee | 3 | $0 |
Stephfon Walton Secretary | OfficerTrustee | 3 | $0 |
Jeanne Howard Vice Chair | OfficerTrustee | 4 | $0 |
Jim Baker Chair | OfficerTrustee | 5 | $0 |
Harrison Shannon Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $191,266 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,649,786 |
| Noncash contributions included in lines 1a–1f | $6,245 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,841,052 |
| Total Program Service Revenue | $4,580 |
| Investment income | $48,905 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $47,373 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $325,944 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,316,037 |
| 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. | $94,016 |
| Compensation of current officers, directors, key employees. | $11,282 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $639,780 |
| Pension plan accruals and contributions | $12,232 |
| Other employee benefits | $112,372 |
| Payroll taxes | $54,142 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,718 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $82,100 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,107 |
| Advertising and promotion | $6,522 |
| Office expenses | $39,829 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $145,383 |
| Travel | $4,578 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $381 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $130,461 |
| Insurance | $32,526 |
| All other expenses | $98,035 |
| Total functional expenses | $1,551,147 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,122,140 |
| Savings and temporary cash investments | $8,921 |
| Pledges and grants receivable | $98,153 |
| Accounts receivable, net | $785 |
| 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 | $11,411 |
| Net Land, buildings, and equipment | $4,581,403 |
| Investments—publicly traded securities | $983,874 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,806,687 |
| Accounts payable and accrued expenses | $20,140 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,378,172 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,398,312 |
| Net assets without donor restrictions | $4,528,113 |
| Net assets with donor restrictions | $880,262 |
| 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 | $6,806,687 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Durham Nativity School Inc has recieved totaling $186,528.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $54,000 |
Forest At Duke Inc Durham, NC PURPOSE: OPERATING SUPPORT | $30,000 |
F M Kirby Foundation Inc Morristown, NJ PURPOSE: IN SUPPORT OF 501C3 PURPOSE | $20,000 |
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $20,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $12,500 |
Robert And Mercedes Eichholz Foundation Brooklyn, NY PURPOSE: ART PROGRAM | $10,000 |
Endowment Analysis
| Beg. Balance | $788,375 |
| Earnings | $218,402 |
| Admin Expense | $6,903 |
| Other Expense | $16,000 |
| Ending Balance | $983,874 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Republic Schools Nashville Nashville, TN | $31,048,580 | $24,002,902 |
Congressional School Inc Falls Church, VA | $21,870,095 | $18,184,082 |
Nansemond-Suffolk Academy Association Incorporated Suffolk, VA | $19,895,333 | $17,664,822 |
Summit School Inc Winstonsalem, NC | $46,496,346 | $18,682,492 |
North Cobb Christian School Inc Kennesaw, GA | $44,288,708 | $22,180,039 |
Christian Academy Of Knoxville Inc Knoxville, TN | $16,374,308 | $19,411,697 |
Cornerstone Academy Inc Morristown, TN | $83,376,022 | $25,507,605 |
Piedmont Community Charter School Gastonia, NC | $39,263,540 | $16,321,598 |
Franklin Academy Inc Wake Forest, NC | $23,533,490 | $17,154,874 |