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← DAVIDSON INSTITUTE FOR TALENT DEVELOPMENT

Form 990 for tax year 2024

Filed by DAVIDSON INSTITUTE FOR TALENT DEVELOPMENT.

Totals

Total revenue
$25,180,530
Total expenses
$15,303,470
Contributions and grants received
$12,868,618
Grants paid
$811,011
Program service revenue
$1,700,368
Investment income
$10,602,357
Other revenue
$9,187
Total assets, end of year
$222,652,201
Total liabilities, end of year
$2,524,009
Net assets or fund balances, end of year
$220,128,192
Program services expenses (Part IX)
$12,146,647
Management and general expenses
$3,156,823
Fundraising expenses
$0
Program service expenses (Part III)
$12,146,647

Program services were 79.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $1,600,416

  • 1f · All other contributions, gifts and grants

    $11,268,202

  • 2a · Program service revenue: TUITION FEES

    total $1,700,368 · related or exempt $1,700,368

  • 3 · Investment income

    total $7,559,784 · excluded $7,559,784

  • 7a · Gross sales of assets other than inventory

    securities $29,676,127

  • 7b · Less cost or other basis and sales expenses

    securities $26,633,554

  • 7c · Gain or loss

    securities $3,042,573

  • 7d · Net gain or loss

    total $3,042,573 · excluded $3,042,573

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $9,187 · excluded $9,187

  • 11e · Other revenue, total

    $9,187

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $811,011 · program services $811,011

  • 5 · Compensation of officers, directors and key employees

    total $959,396 · program services $959,396

  • 7 · Other salaries and wages

    total $6,664,654 · program services $5,960,247 · management and general $704,407

  • 8 · Pension plan contributions

    total $227,533 · program services $201,456 · management and general $26,077

  • 9 · Other employee benefits

    total $1,299,780 · program services $1,145,490 · management and general $154,290

  • 10 · Payroll taxes

    total $605,366 · program services $553,390 · management and general $51,976

  • 11b · Fees: legal

    total $43,038 · management and general $43,038

  • 11c · Fees: accounting

    total $180,994 · management and general $180,994

  • 11f · Fees: investment management

    total $1,837,018 · management and general $1,837,018

  • 12 · Advertising and promotion

    total $56,279 · program services $56,279

  • 13 · Office expenses

    total $259,476 · program services $259,476

  • 14 · Information technology

    total $243,191 · program services $243,191

  • 16 · Occupancy

    total $402,446 · program services $402,446

  • 17 · Travel

    total $501,005 · program services $501,005

  • 20 · Interest

    total $3,730 · management and general $3,730

  • 22 · Depreciation, depletion and amortization

    total $52,038 · program services $52,038

  • 23 · Insurance

    total $64,055 · management and general $64,055

  • 24a · Other expenses: CLASSES AND PROGRAMS

    total $1,001,222 · program services $1,001,222

  • 24b · Other expenses: B&O TAXES

    total $1,740 · management and general $1,740

  • 24e · All other expenses

    total $89,498 · management and general $89,498

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,144,553 · end of year $529,334

  • 2 · Savings and temporary cash investments

    end of year $3,707,084

  • 4 · Accounts receivable

    beginning of year $66,758 · end of year $113,803

  • 9 · Prepaid expenses and deferred charges

    beginning of year $639,695 · end of year $497,137

  • 10a · Land, buildings and equipment: cost or other basis

    $2,897,017

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,187,830

  • 10c · Land, buildings and equipment, net

    beginning of year $505,688 · end of year $709,187

  • 11 · Investments: publicly traded securities

    beginning of year $113,550,839 · end of year $166,514,780

  • 12 · Investments: other securities

    beginning of year $89,179,120 · end of year $50,541,851

  • 14 · Intangible assets

    end of year $5,860

  • 15 · Other assets

    beginning of year $5,001 · end of year $33,165

  • 17 · Accounts payable and accrued expenses

    beginning of year $49,674 · end of year $750,000

  • 18 · Grants payable

    beginning of year $1,264,715 · end of year $1,774,009

  • 25 · Other liabilities

    beginning of year $526,133 · end of year $0

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $210,251,132 · end of year $220,128,192

Mission and programs · 2024

Mission

OUR MISSION IS TO RECOGNIZE THE NATION'S PROFOUNDLY GIFTED YOUTH AND SUPPORT THEM HOLISTICALLY SO THEY MAY REACH THEIR HIGHEST POTENTIAL.

Activities or mission (Part I)

PROVIDE SUPPORT FOR THE NATION'S PROFOUNDLY GIFTED YOUTH

  • THE DAVIDSON INSTITUTE FOR TALENT DEVELOPMENT HOLDS FOUR SUMMER PROGRAMS FOR PROFOUNDLY GIFTED STUDENTS, AGES 8-11. THE FIVE-DAY RESIDENTIAL PROGRAM FOCUSES ON SUPPORTING ACADEMIC AND SOCIAL NEEDS. DAVIDSON SUMMER PARTICIPANTS ATTEND ACADEMIC SESSIONS TAUGHT BY DAVIDSON ACADEMY INSTRUCTORS, ATTEND ACADEMIC FIELD TRIPS ON OR NEAR CAMPUS, AND PARTICIPATE IN SOCIAL TEAM-BUILDING ACTIVITIES. PARTICIPANTS STAY IN THE UNIVERSITY'S RESIDENCE HALL, WHICH IS STAFFED BY PROGRAM STAFF MEMBERS 24 HOURS A DAY. STUDENTS SHARE A ROOM WITH OTHER PROGRAM PARTICIPANTS. ACADEMIC SESSIONS AND FIELD TRIPS DIFFER EVERY SUMMER.DAVIDSON INSTITUTE ALSO OFFERS TWO SUMMER RETREATS FOR DAVIDSON YOUNG SCHOLARS AND FAMILIES TO ATTEND A THREE-DAY IN-PERSON CONFERENCE ON THE UNIVERSITY OF NEVADA, RENO CAMPUS WITH GUEST SPEAKERS FROM THE PROFOUNDLY GIFTED COMMUNITY. TO BE ELIGIBLE TO REGISTER FOR THE DAVIDSON PROGRAMS, PARTICIPANTS MUST BE PART OF THE DAVIDSON YOUNG SCHOLARS PROGRAM. THE PROGRAM FEE COVER ROOM AND BOARD AND COST OF THE PLANNED PROGRAM ACTIVITIES. PARTICIPANTS ARE RESPONSIBLE FOR TRANSPORTATION TO AND FROM THE PROGRAM, AND POCKET MONEY. REGISTRATION ASSISTANCE BASED ON FINANCIAL NEED IS AVAILABLE.DAVIDSON INSTITUTE PROVIDES AN EXTENSIVE ONLINE PRESENCE OFFERING VIRTUAL SERVICES YEAR-ROUND TO YS STUDENTS AND PARENTS REGARDING CURRENT ISSUES IMPACTING PROFOUNDLY GIFTED YOUTH. THERE IS A SMALL AMOUNT OF GRANT MONEY AWARDED EACH YEAR, BASED ON FINANCIAL NEED, TO YOUNG SCHOLARS TO ASSIST WITH EDUCATIONAL NEEDS.

    Expenses $1,980,857 · Grants $11,011 · Revenue $462,530

  • DAVIDSON ACADEMY ONLINE, LLC, A SUBSIDIARY OF DAVIDSON INSTITUTE, IS AN ONLINE SCHOOL FOR THE PROFOUNDLY GIFTED SERVICING 95 - 105 STUDENTS FROM 8TH - 12TH GRADE THROUGHOUT THE U.S. DAVIDSON ACADEMY ONLINE CHARGES OUT-OF-STATE STUDENTS OF THE ONLINE CAMPUS WITH ANNUAL TUITION UP TO $16,200 PER YEAR FOR FULL-TIME HIGH SCHOOL CREDITS. DISCOUNTED TUITION IS AVAILABLE BASED ON FINANCIAL NEED.

    Expenses $3,455,164 · Revenue $1,126,038

  • IN FURTHERANCE OF ITS OBJECTIVE TO SERVE GIFTED YOUTH, THE DAVIDSON INSTITUTE FOR TALENT DEVELOPMENT OPERATES A TUITION-FREE, PUBLIC SCHOOL FOR PROFOUNDLY GIFTED MIDDLE AND HIGH SCHOOL STUDENTS. DAVIDSON ACADEMY IS A "UNIVERSITY SCHOOL FOR PROFOUNDLY GIFTED PUPILS" THAT WAS ESTABLISHED PURSUANT TO LEGISLATION ENACTED BY THE NEVADA LEGISLATURE IN 2005 (NRS CHAPTER 392A). DAVIDSON ACADEMY IS LOCATED ON THE CAMPUS OF THE UNIVERSITY OF NEVADA, RENO AND HAS AN ENROLLMENT (AS OF SPRING 2024) OF 167 STUDENTS AND 100 ONLINE STUDENTS. STUDENTS ARE ADMITTED SOLELY ON THE BASIS OF MEETING CERTAIN MINIMUM CRITERIA SET FORTH IN THE NEVADA STATUTE. THE MAJORITY OF THE STUDENTS ALSO PARTICIPATE IN OTHER PROGRAMS OF THE INSTITUTE SUCH AS THE YOUNG SCHOLARS PROGRAM. ALTHOUGH DESIGNATED AS A PUBLIC SCHOOL, DAVIDSON ACADEMY RECEIVES LESS THAN ONE THIRD OF ITS OPERATING BUDGET FROM PUBLIC SOURCES (THE STATE OF NEVADA).

    Expenses $5,285,464 · Revenue $111,800

  • THE DAVIDSON INSTITUTE FELLOWS AWARD CEREMONY IS A ONE-DAY EVENT HELD IN BOSTON TO RECOGNIZE AND HONOR YOUNG PEOPLE SELECTED AS DAVIDSON FELLOWS WHO WILL RECEIVE EITHER A $25,000, $50,000 OR $100,000 SCHOLARSHIP COMMITMENT TO FURTHER THE DEVELOPMENT OF THEIR TALENT THROUGH ATTENDANCE AT AN ACCREDITED ACADEMIC INSTITUTION OF LEARNING.THE PURPOSE OF THIS EVENT IS TO RECOGNIZE THE OUTSTANDING ACHIEVEMENTS OF HIGHLY INTELLIGENT YOUNG PEOPLE WHO HAVE DEMONSTRATED THE DEVELOPMENT OF THEIR TALENTS WITH A SIGNIFICANT PIECE OF WORK. THIS AWARD PROGRAM SEEKS TO RECOGNIZE AND AWARD THE TRULY EXTRAORDINARY IN RECOGNIZED AREAS OF SCIENCE, TECHNOLOGY, MATHEMATICS, LITERATURE, PHILOSOPHY, AND MUSIC AS WELL AS OUTSIDE THE BOX IDEAS. EACH SUBMISSION MUST BE A PIECE OF ORIGINAL WORK RECOGNIZED BY EXPERTS IN THE FIELD AS SIGNIFICANT AND IT MUST HAVE THE POTENTIAL TO MAKE A POSITIVE CONTRIBUTION TO SOCIETY. EACH SUBMISSION IS EVALUATED ON ITS SCOPE AND QUALITY, LEVEL OF SIGNIFICANCE AND THE APPLICANT'S DEPTH OF KNOWLEDGE AND UNDERSTANDING OF THE WORK AND THE RELATED DOMAIN AREA.ONCE THE INDEPENDENT TEAM OF JUDGES, WHO ARE PROFESSIONALS WITH EXPERTISE IN THE DOMAIN AREAS SUBMITTED, HAVE IDENTIFIED A SMALL GROUP OF FINALISTS, EACH FINALIST IS NAMED AS A DAVIDSON FELLOW AND RECEIVES EITHER A $25,000, $50,000 OR $100,000 SCHOLARSHIP, AS DETERMINED BY THE JUDGES USING THE SELECTION CRITERIA. INDIVIDUALS NAMED AS DAVIDSON FELLOWS ARE THEN HONORED AT A HOSTED RECEPTION IN SEPTEMBER EACH YEAR. TRAVEL AND OTHER HOTEL COSTS ARE PAID BY THE DAVIDSON INSTITUTE FOR TALENT DEVELOPMENT. TYPICALLY, 17 TO 20 DAVIDSON FELLOWS ARE SELECTED EACH YEAR. THE DAVIDSON FELLOWS AWARD IS NOT A COMPETITION, BUT RATHER RECOGNITION OF EXTRAORDINARY ACHIEVEMENT.

    Expenses $1,425,161 · Grants $800,000

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Colleen Harsin

    EXEC DIRECTOR DAVIDSON ACADEMY

    Total calculated
    $318,639
    From this org
    $275,209
    From related orgs
    $0
    Other
    $43,430
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $275,209
    Bonus
    $0
    Other
    $0
    Deferred
    $11,230
    Nontaxable benefits
    $32,200
    Filer's total
    $318,639

  • Eamonn O'Brien

    DIRECTOR OF IT

    Total calculated
    $252,909
    From this org
    $212,292
    From related orgs
    $0
    Other
    $40,617
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $212,292
    Bonus
    $0
    Other
    $0
    Deferred
    $8,492
    Nontaxable benefits
    $32,125
    Filer's total
    $252,909

  • Dee Carey

    HR DIRECTOR

    Total calculated
    $220,427
    From this org
    $181,615
    From related orgs
    $0
    Other
    $38,812
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $181,615
    Bonus
    $0
    Other
    $0
    Deferred
    $7,402
    Nontaxable benefits
    $31,410
    Filer's total
    $220,427

  • Ashley Zahn

    EXEC DIRECTOR DAVIDSON ACADEMY ONLINE

    Total calculated
    $214,595
    From this org
    $184,538
    From related orgs
    $0
    Other
    $30,057
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,538
    Bonus
    $25,000
    Other
    $0
    Deferred
    $7,382
    Nontaxable benefits
    $22,675
    Filer's total
    $214,595

  • Aimee Cummins

    EXEC DIRECTOR INSTITUTE

    Total calculated
    $206,918
    From this org
    $169,114
    From related orgs
    $0
    Other
    $37,804
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,114
    Bonus
    $20,000
    Other
    $0
    Deferred
    $6,064
    Nontaxable benefits
    $31,740
    Filer's total
    $206,918

  • Katie Glensor

    EXEC DIRECTOR INSTITUTE

    Total calculated
    $206,023
    From this org
    $169,113
    From related orgs
    $0
    Other
    $36,910
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,113
    Bonus
    $20,000
    Other
    $0
    Deferred
    $5,170
    Nontaxable benefits
    $31,740
    Filer's total
    $206,023

  • Erin Vienneau

    INSTRUCTOR

    Total calculated
    $142,864
    From this org
    $123,290
    From related orgs
    $0
    Other
    $19,574
    Hours/week
    40

  • James Bondarchuck

    INSTRUCTOR

    Total calculated
    $129,855
    From this org
    $112,953
    From related orgs
    $0
    Other
    $16,902
    Hours/week
    40

  • Natasha Maximoff

    INSTRUCTOR

    Total calculated
    $124,853
    From this org
    $108,117
    From related orgs
    $0
    Other
    $16,736
    Hours/week
    40

  • Mark R Herron

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1.5 related

  • Robert M Davidson

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Karin Dixson

    SECRETARY

    Total calculated
    $0
    Hours/week
    2 + 1.5 related

  • John Goodman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Leslie Davidson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
BONUS AMOUNTS ARE DETERMINED BY THE PRESIDENT/BOARD MEMBER AND DIRECTOR OF HUMAN RESOURCES.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • ONLINE RESOURCES AZ LLC

    EDUCATIONAL SERVICES · NV · income $0 · assets $88,654

    Directly controlled by DAVIDSON INSTITUTE FOR TALENT DEVELOPMENT

  • DAVIDSON ACADEMY ONLINE LLC

    EDUCATIONAL SERVICES · OR · income $1,126,038 · assets $329,086

    Directly controlled by DAVIDSON INSTITUTE FOR TALENT DEVELOPMENT

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • THE DAVIDSON GROUP

    S · INVESTMENT MANAGEMENT · NV

  • CHARITABLE REMAINDER TRUST (2)

    NV

Provenance

Return type
form_990
Tax year
2024
Filed
10 February 2026
IRS schema version
2024v5.5
Source object
202640449349301019

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