Totals
- Total revenue
- $9,633,875
- Total expenses
- $10,422,585
- Contributions and grants received
- $575,966
- Grants paid
- $1,255,404
- Program service revenue
- $8,613,647
- Investment income
- $104,651
- Other revenue
- $339,611
- Total assets, end of year
- $27,061,909
- Total liabilities, end of year
- $2,869,772
- Net assets or fund balances, end of year
- $24,192,137
- Program services expenses (Part IX)
- $7,362,681
- Management and general expenses
- $2,929,313
- Fundraising expenses
- $130,591
- Program service expenses (Part III)
- $7,362,681
Program services were 70.6% 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)
$45,088
-
1f · All other contributions, gifts and grants
$530,878
-
2a · Program service revenue: TUITION AND FEES
total $8,613,603 · related or exempt $8,613,603
-
2b · Program service revenue: FINANCE FEE INCOME
total $44 · related or exempt $44
-
3 · Investment income
total $57,789 · related or exempt $57,789
-
7a · Gross sales of assets other than inventory
other assets $46,862
-
7c · Gain or loss
other assets $46,862
-
7d · Net gain or loss
total $46,862 · related or exempt $46,862
-
11a · Other revenue: OTHER REVENUE
total $232,418 · related or exempt $232,418
-
11b · Other revenue: SPECIAL EVENTS
total $107,193 · related or exempt $107,193
-
11e · Other revenue, total
$339,611
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $1,255,404 · program services $1,255,404
-
5 · Compensation of officers, directors and key employees
total $528,149 · program services $251,783 · management and general $276,366
-
7 · Other salaries and wages
total $4,015,572 · program services $2,861,612 · management and general $1,088,960 · fundraising $65,000
-
9 · Other employee benefits
total $869,301 · program services $633,803 · management and general $235,498
-
11a · Fees: management
total $45,519 · management and general $45,519
-
11c · Fees: accounting
total $96,132 · management and general $96,132
-
11f · Fees: investment management
total $38,589 · management and general $38,589
-
11g · Fees: other
total $215,192 · management and general $215,192
-
12 · Advertising and promotion
total $152,418 · program services $150,119 · fundraising $2,299
-
13 · Office expenses
total $101,466 · management and general $101,466
-
14 · Information technology
total $155,697 · program services $103,965 · management and general $51,732
-
16 · Occupancy
total $228,528 · management and general $228,528
-
19 · Conferences, conventions and meetings
total $62,889 · management and general $62,889
-
22 · Depreciation, depletion and amortization
total $823,071 · program services $617,304 · management and general $148,152 · fundraising $57,615
-
23 · Insurance
total $84,062 · management and general $84,062
-
24a · Other expenses: ATHLETICS
total $444,292 · program services $444,292
-
24b · Other expenses: LEARNING LAB
total $261,402 · program services $261,402
-
24c · Other expenses: DEPARTMENT EXPENSE
total $252,097 · program services $252,097
-
24d · Other expenses: FOOD SERVICES
total $224,298 · program services $224,298
-
24e · All other expenses
total $568,507 · program services $306,602 · management and general $256,228 · fundraising $5,677
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,874,915 · end of year $4,167,415
-
3 · Pledges and grants receivable
beginning of year $394,174 · end of year $308,611
-
4 · Accounts receivable
beginning of year $63,054 · end of year $534,155
-
7 · Other notes and loans receivable
beginning of year $568,362
-
9 · Prepaid expenses and deferred charges
beginning of year $74,298 · end of year $53,397
-
10a · Land, buildings and equipment: cost or other basis
$27,869,336
-
10b · Land, buildings and equipment: accumulated depreciation
$16,161,993
-
10c · Land, buildings and equipment, net
beginning of year $12,023,298 · end of year $11,707,343
-
12 · Investments: other securities
beginning of year $5,918,219 · end of year $5,975,630
-
15 · Other assets
beginning of year $4,219,808 · end of year $4,315,358
-
17 · Accounts payable and accrued expenses
beginning of year $110,139 · end of year $179,926
-
19 · Deferred revenue
beginning of year $1,064,984 · end of year $2,051,904
-
25 · Other liabilities
beginning of year $642,629 · end of year $637,942
-
27 · Net assets without donor restrictions
beginning of year $15,289,324 · end of year $15,132,417
-
28 · Net assets with donor restrictions
beginning of year $9,029,052 · end of year $9,059,720
Mission and programs · 2022
Mission
GASTON DAY SCHOOL (GDS) IS AN INDEPENDENT SCHOOL WHOSE MISSION IS TO EDUCATE OUR STUDENTS AND PREPARE THEM FOR SUCCESS AND RESPONSIBLE AND PRODUCTIVE LIVES. GDS OFFERS AN EXPERIENCE THAT REWARDS STUDENTS FOR A LIFETIME AND GIVES THEM AN EDUCATION THAT GOES FAR BEYOND OUR CURRICULUM.
-
GASTON DAY SCHOOL, INC. (GDS) IS A NONSECTARIAN, COLLEGE-PREPARATORY SCHOOL FOR GRADES PRESCHOOL THROUGH 12 WITH OVER 500 STUDENTS. ACADEMIC EXCELLENCE IS THE SCHOOL'S HALLMARK: THE ELEMENTARY AND MIDDLE SCHOOL SCORE IN THE TOP HALF OF THE NATION'S INDEPENDENT SCHOOLS ON STANDARDIZED TESTS; SAT SCORES ON CRITICAL READING AND MATH ARE CONSTANTLY GASTON COUNTY'S HIGHEST; AND OUR AP TEST PASS RATE IS OVER 80%. WITH GENERAL ACADEMIC EXCELLENCE IN ALL UPPER SCHOOL SUBJECTS, THE WRITING AND FINE ARTS PROGRAMS REGULARLY WIN REGIONAL AND NATIONAL AWARDS. ATHLETICS AND THE FINE ARTS REMAIN INTEGRAL TO THE COMPREHENSIVE EDUCATION THAT THE SCHOOL PROVIDES. GDS HAS A RICH HISTORY AND LOOKS FORWARD TO A BRIGHT FUTURE OF CONTINUED GROWTH AND ACADEMIC EXCELLENCE.
Expenses $7,110,898 · Grants $1,255,404 · Revenue $9,057,909
-
Expenses $251,783
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Dr Richard RankinDR RICHARD RANKIN
HEAD OF SCHO
- Total calculated
- $232,575
- From this org
- $218,155
- From related orgs
- $0
- Other
- $14,420
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $218,155
- Bonus
- not reported
- Other
- not reported
- Deferred
- $14,420
- Nontaxable benefits
- not reported
- Filer's total
- $232,575
-
Jeff ColyerJEFF COLYER
DIRECTOR
- Total calculated
- $0
-
Cavan HarrisCAVAN HARRIS
TREASURER
- Total calculated
- $0
-
Leeann HarrisLEEANN HARRIS
DIRECTOR
- Total calculated
- $0
-
Ben HintonBEN HINTON
DIRECTOR
- Total calculated
- $0
-
Betsy HurstBETSY HURST
DIRECTOR
- Total calculated
- $0
-
Lauren LebiodaLAUREN LEBIODA
DIRECTOR
- Total calculated
- $0
-
Laura MooreLAURA MOORE
DIRECTOR
- Total calculated
- $0
-
Morkor NewmanMORKOR NEWMAN
VICE CHAIR
- Total calculated
- $0
-
Kim PriceKIM PRICE
DIRECTOR
- Total calculated
- $0
-
Kathleen RadarKATHLEEN RADAR
EX-OFFOCIO
- Total calculated
- $0
-
Jeff SimpsonJEFF SIMPSON
DIRECTOR
- Total calculated
- $0
-
Julia SinghJULIA SINGH
CHAIR
- Total calculated
- $0
-
Ernest SumnerERNEST SUMNER
DIRECTOR
- Total calculated
- $0
-
Jeff VanacoreJEFF VANACORE
DIRECTOR
- Total calculated
- $0
-
Pamela WarlickPAMELA WARLICK
SECRETARY
- Total calculated
- $0
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
None.
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
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
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.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 9 January 2024
- IRS schema version
- 2022v5.0
- Source object
- 202421289349301707
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