Davidson College
82% goes to programs $11 to raise $100 Strong reserves Growing revenue
Davidson College is a 501(c)(3) organization based in Davidson, North Carolina, registered in 1951, with $269,984,596 in FY2023 revenue. CharityIndex grades it A, and it directs about 82% of spending to programs.
209 Ridge Road Box 5000, Davidson, NC, 28036 EIN 56-0529961 Since 1951
Revenue (FY2023)
$270.0M
▲ 33.4% vs prior year
Education median: $200K
Expenses (FY2023)
$213.9M
Net assets
$1.7B
Employees
2,468
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating82% to programs · $11 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Davidson College: 82% to programs · $11 to raise $100 earns a A on this criterion. See the exact thresholds →
B+Financial health25% of the rating98 mo reserves · +21% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Davidson College: 98 mo reserves · +21% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Davidson College: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Davidson College: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Undergraduate liberal arts education
What they do
Need-based and merit aid awarded to students.
Student support services including the college union, on-site medical care, student counseling, career services, community service programs and the offices of admission and financial aid.
Contact & location
- Address
- 209 Ridge Road Box 5000, Davidson, NC, 28036
- City
- Davidson
- State
- North Carolina
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $183.8M (FY2013) to $270.0M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $154.6MNet assets $1.7B
Operating margin
20.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.9B
Total liabilities
$154.6M
Net assets
$1.7B
Salaries & benefits
$87.3M
41% of expenses
Board members
36
33 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $269,984,596▲33.4% | $213,918,295▲10.8% | $1,740,519,676▲5.6% | $1,895,135,622▲4.8% | 990 |
| 2022 | $202,355,434▼42.7% | $193,121,536▲11.2% | $1,647,826,405 | $1,807,791,719▼0.1% | 990 |
| 2021 | $353,448,425▲81.5% | $173,717,660▼3.8% | $1,647,097,717▲0.1% | $1,808,715,075▲1.2% | 990 |
| 2020 | $194,756,860▼3.5% | $180,507,570▲7.5% | $1,644,890,871▲32.9% | $1,786,522,691▲32.6% | 990 |
| 2019 | $201,740,146▼14.1% | $167,839,897▲2.2% | $1,237,383,242▲1.7% | $1,347,013,579▲1.4% | 990 |
| 2018 | $234,955,053▲20.3% | $164,234,420▲4.7% | $1,217,192,857▲7.6% | $1,327,999,169▲6.9% | 990 |
| 2017 | $195,339,862▼6.5% | $156,887,584▲6.4% | $1,131,568,699▲8.2% | $1,242,551,720▲7.3% | 990 |
| 2016 | $208,809,968▲12.5% | $147,435,025▲3.0% | $1,045,493,931▲8.3% | $1,158,111,494▲7.3% | 990 |
| 2015 | $185,642,880▼6.3% | $143,188,794▲0.9% | $965,000,613▼1.9% | $1,079,389,702▼2.2% | 990 |
| 2014 | $198,142,059▲7.8% | $141,843,271▲2.8% | $984,078,860▲4.5% | $1,103,702,020▲7.8% | 990 |
| 2013 | $183,849,267 | $138,026,502▲5.6% | $941,634,915▲11.7% | $1,023,588,549▲10.5% | 990 |
| 2012 | — | $130,666,658▲5.8% | $842,822,205▲11.8% | $926,226,615▲9.8% | 990 |
| 2011 | — | $123,521,793▲11.0% | $753,573,734▲0.6% | $843,735,630▲3.2% | 990 |
| 2010 | — | $111,234,842▲8.4% | $748,907,361▲12.9% | $817,901,739▲12.1% | 990 |
| 2009 | — | $102,661,573 | $663,442,422 | $729,600,866 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Raymond A Jacobson — $960,471 (0.45% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Raymond A Jacobson | Chief Investment Officer | 0 | $960,471 |
| Douglas A Hicks | President | 0 | $536,811 |
| Matthew R Mckillop | Mens Basketball Coach | 0 | $463,662 |
| Antoinette P Mccorvey | Asst Sec and Vp of Fin & Admin | 0 | $430,584 |
| Robert H Mckillop | Former Mens Basketball Coach | 0 | $412,907 |
| David D Demeter | Investment Director | 0 | $408,504 |
| Eileen Keeley | Vp of College Relations | 0 | $403,044 |
| Christopher A Clunie | Director of Athletics | 0 | $382,377 |
| Carol E Quillen | Former President | 0 | $378,315 |
| Sarah Phillips | Assistant Sec. & Gen. Counsel | 0 | $337,407 |
| Chris Gruber | Vp & Dean of Admission and Fa | 0 | $326,107 |
| Shelley E Rigger | Vp For Acad Aff & Dean of Fac | 0 | $304,872 |
| Alison Hall Mauze | Chair, Board of Trustees | 0 | — |
| Andrew J Schwab | Trustee | 0 | — |
| Andy Berndt | Trustee | 0 | — |
| Anne Stanback | Trustee | 0 | — |
| Anthony Foxx | Vice Chair, Board of Trustees | 0 | — |
| Bob Dunham | Trustee | 0 | — |
| Carlos Alvarez | Trustee | 0 | — |
| Chad Morgan | Trustee | 0 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Rodgers Builders | Construction | $35,140,845 |
| Embree Reed Inc | Construction | $1,381,900 |
| Tj Construction Company | Construction | $1,314,854 |
| Barringer Construction | Construction | $860,101 |
| Rike Roofing Services Inc | Construction | $721,232 |
Grants received · $63.8M total
333 grants to Davidson College totaling $63.8M, reported by foundations on their Schedule I filings — showing the 15 most recent.
Grants made · $168K in FY2023
1 grant totaling $168K in FY2023. All grants made by Davidson College →
| Recipient | Purpose | Amount |
|---|---|---|
| Town of Davidson | Contribution | $168,350 |
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Frequently asked questions
- Is Davidson College a legitimate nonprofit?
- Yes. Davidson College is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 56-0529961, based in Davidson, North Carolina. Donations are tax-deductible.
- What is Davidson College's EIN?
- Davidson College's Employer Identification Number (EIN) is 56-0529961.
- How much revenue does Davidson College report?
- Davidson College reported $269,984,596 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Davidson College's spending goes to programs?
- Davidson College spends about 82% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Davidson College have?
- CharityIndex grades Davidson College A, based on program efficiency and fundraising cost.
- How much does Davidson College's highest-paid employee make?
- The highest reported compensation on Davidson College's latest Form 990 is $960,471, paid to Raymond A Jacobson (Chief Investment Officer).
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Data for Davidson College (EIN 56-0529961) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.