Davidson Academy
- Assets
- $9.4m
- Revenue
- $10.5m
- Investments
- $0.0
- Employees
- 193
- Location
- Nashville, TN
- Founding
- 01/1983
- Data as of
- 06/2020
- 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 06/2021, Davidson Academy employed 193 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 06/2020, Davidson Academy generated $10.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $9.8m during the year ending 06/2020. While expenses have increased by 3.0% per year over the past 6 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
2020
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 2020-2021 SCHOOL YEAR, DAVIDSON ACADEMY PROVIDED EDUCATION FOR 552 STUDENTS IN GRADE K-12, AND 56 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 |
|---|---|---|---|
Joseph Bradley Headmaster | Officer | 40 | $123,360 |
Kimmi Hayes Controller | Officer | 40 | $53,633 |
Terri Simmons Headmaster | Officer | 40 | $37,235 |
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 | $1,382,372 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$102,232 |
| Net Gain/Loss on Asset Sales | $2,700 |
| Net Income from Fundraising Events | -$1,238 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $8,244 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,499,283 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $1,120,559 |
| 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 to disqualified persons | $0 |
| Other salaries and wages | $5,038,737 |
| Pension plan accruals and contributions | $95,613 |
| Other employee benefits | $363,497 |
| Payroll taxes | $338,870 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,139 |
| Fees for services: Accounting | $29,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $79,193 |
| Advertising and promotion | $79,459 |
| Office expenses | $421,094 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $471,898 |
| Travel | $21,774 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $124,288 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $735,925 |
| Insurance | $71,561 |
| All other expenses | $0 |
| Total functional expenses | $9,805,003 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $165,930 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $416,622 |
| 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 | $48,337 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,869,118 |
| Total assets | $9,350,690 |
| Accounts payable and accrued expenses | $473,200 |
| Grants payable | $0 |
| Deferred revenue | $972,356 |
| 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 | $2,803,769 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,115,254 |
| Total liabilities | $5,364,579 |
| 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 | $3,986,111 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Davidson Academy has recieved totaling $35,499.
| Awarding Organization | Amount |
|---|---|
Tulsa Community Foundation Tulsa, OK PURPOSE: SCHOLARSHIP | $20,000 |
The Community Fdn Of Middle Tn Inc Nashville, TN PURPOSE: DESIGNATED FOR THE 'SOFTBALL FACILITY' | $10,000 |
Terry D And Barbara Jo Growcock Foundation Pennington, NJ PURPOSE: UNRESTRICTED GENERAL | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $499 |
Endowment Analysis
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