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Durham Academy INC

Public charity990-T FY2023
Other · DURHAM, NC · EIN 56-0538019

About

The purpose of durham academy is to provide each student an education that will enable him or her to live a moral, happy and productive life. The development of intellect is central to such a life and, thus, intellectual endeavor and growth are the primary work of the school. The acquisition of knowledge; the development of skills, critical judgment and intellectual curiosity; and increased understanding are the goals of the school's academic program.

Donations are tax-deductible
Category
Other
Employees
622
Volunteers
970

Financial Snapshot

FY ending 2024-06-30
Revenue
$45.3M
Expenses
$43.7M
Assets
$118.3M
Liabilities
$27.6M

Financial history

$45.3M$22.7M$0
161718192021222324
RevenueExpenses
Latest FY2024: $45.3M · Avg: $37.7M

Political & Grant Activity

Campaign Spending
Lobbying
Grants Given
$2.7M
DURHAM ACADEMY INC
Your actions

Address

3130 Pickett RD
Durham, NC, 27705-600

Governance

Voting board members25
Independent members25
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planNo
Used comp surveyYes
Board approved compYes
Initial contract exceptionNo

Financial detail (Schedule D)

Board-designated %19.5%
Permanent endowment %52.9%
Endowment held by related orgYes
Public records
ProPublica Nonprofit Explorer
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IRS Tax Exempt Organization Search
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