Carolina Day School Inc

EIN: 560125490 501(c)(3) Education

Asheville, NC

Total Revenue
$26,811,284
Total Expenses
$23,762,602
Total Assets
$40,303,785
Net Assets
$32,624,073
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Financial Trends

Organization Details

Formation Year
1936
Legal Domicile
NC
Phone
8282740757
Tax Period
2024-07-01 to 2025-06-30

Carolina Day School Inc, founded in 1936, is a mid-sized nonprofit in the Education sector that reported $26.8M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $23.8M left a modest 11% surplus.

Mission

To inspire students to become innovative thinkers who communicate with intelligence and clarity, create with vision and purpose, and act with courage and compassion to confidently make a meaningful difference in the world.

Program Service Accomplishments

Program 1
Expenses: $20,068,951 Revenue: $21,235,430

CAROLINA DAY SCHOOL IS A MODEL OF ACADEMIC EXCELLENCE, A LEADER IN CURRICULAR INNOVATION, AND IS AN ACCREDITED, CO-EDUCATIONAL, SECULAR, INDEPENDENT DAY SCHOOL. IN THE 2024-25 SCHOOL YEAR, 598...

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CAROLINA DAY SCHOOL IS A MODEL OF ACADEMIC EXCELLENCE, A LEADER IN CURRICULAR INNOVATION, AND IS AN ACCREDITED, CO-EDUCATIONAL, SECULAR, INDEPENDENT DAY SCHOOL. IN THE 2024-25 SCHOOL YEAR, 598 STUDENTS ENROLLED IN PRE-KINDERGARTEN THROUGH GRADE 12. CAROLINA DAY SCHOOL DELIVERS A RICH, DIFFERENTIATED, PERSONALLY RIGOROUS, WHOLE-CHILD ACADEMIC EXPERIENCE THAT FOSTERS ACCELERATED LEARNING, AND PROVIDES SUPPORTS WHEN NECESSARY TO ACADEMICALLY CAPABLE, MOTIVATED AND INQUISITIVE STUDENTS. EXPERIENTIAL, DEEP LEARNING IS HALLMARK TO THE PROGRAM. EXCEPTIONAL FACULTY DEEPLY KNOW THEIR STUDENTS, WHO DISTINGUISH THEMSELVES NOT ONLY ACADEMICALLY, BUT ALSO ARTISTICALLY, ATHLETICALLY, AND SOCIALLY IN A COMMUNITY BUILT ON TRUST, INTEGRITY, AND KINDNESS. THE KEY SCHOOL, ESTABLISHED IN 1997, IS A DIVISION OF CAROLINA DAY SCHOOL. THE KEY SCHOOL PROVIDES EDUCATIONAL OPPORTUNITIES FOR BRIGHT STUDENTS WITH LANGUAGE-BASED LEARNING DIFFERENCES. THE KEY SCHOOL'S TEACHER TRAINING PROGRAM IS ACCREDITED BY THE INTERNATIONAL MULTISENSORY STRUCTURED LANGUAGE EDUCATION COUNCIL, THE ACADEMY OF ORTON- GILLINGHAM PRACTITIONERS AND EDUCATORS, AND THE INTERNATIONAL DYSLEXIA ASSOCIATION.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,574,300
Program Service Revenue $21,235,430
Investment Income $967,194
Other Revenue $34,360
TOTAL REVENUE $26,811,284

Expense Breakdown

Grants Paid $3,432,047
Salaries & Benefits $14,598,651
Fundraising Expenses $762,744
Program Expenses $20,068,951
Other Expenses $5,731,904
TOTAL EXPENSES $23,762,602

Year-over-Year Comparison

2024 2023 Change
Revenue $26,811,284 $23,521,962 +0.1%
Expenses $23,762,602 $21,791,118 +0.1%
Net Income $3,048,682 $1,730,844 +0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
18
Independent Members
17
Employees
274
Volunteers
400

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$556,083
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANN GOOSMANN SECRETARY 5.0
Officer Director
$0 $0 $0
BARRY JOHNSON VICE CHAIR 5.0
Officer Director
$0 $0 $0
JENNIFER BOCK BOARD CHAIR 5.0
Officer Director
$0 $0 $0
TOM HUNTER FINANCIE CHAIR/TREASURER 5.0
Officer Director
$0 $0 $0
DIANE FOURTON TRUSTEE 2.0
Director
$0 $0 $0
ELIZABETH FLYNN TRUSTEE 2.0
Director
$0 $0 $0
ELIZABETH MAILANDER TRUSTEE 2.0
Director
$0 $0 $0
EMILY ROBERTS TRUSTEE/CHAIR-ELECT 2.0
Director
$0 $0 $0
HEATHER HANKS TRUSTEE 2.0
Director
$0 $0 $0
HILARY THOMAS TRUSTEE 2.0
Director
$0 $0 $0
HIMANSHU KARVIR TRUSTEE 2.0
Director
$0 $0 $0
KEMPER BROWN TRUSTEE 2.0
Director
$0 $0 $0
KRISTI GOODRUM TRUSTEE 2.0
Director
$0 $0 $0
MARK KIISS TRUSTEE 2.0
Director
$0 $0 $0
MATTHEW LAZENBY TRUSTEE 2.0
Director
$0 $0 $0
RANDALL RICHARDSON TRUSTEE 2.0
Director
$0 $0 $0
STEFANIE UPHAM TRUSTEE 2.0
Director
$0 $0 $0
TIM MITROVICH TRUSTEE 2.0
Director
$0 $0 $0
BRETT FUHRMAN HEAD OF SCHOOL 50.0
Officer
$513,429 $42,654 $556,083
AIMEE PUMAREJO DIAZ DIRECTOR OF OPERATIONS 40.0
Highest
$115,935 $10,516 $126,451
DIANE MILNER KEY SCHOOL PRINCIPAL 40.0
Highest
$135,190 $18,121 $153,311
ELAINE KREUZ DIR. OF ADVANCEMENT 40.0
Highest
$181,257 $24,490 $205,747
LAUREN EVANS PRE-K - 8 PRINCIPAL 40.0
Highest
$143,747 $22,491 $166,238
TAUNI BUTTERFIELD ATHLETICS DIRECTOR 40.0
Highest
$143,366 $26,646 $170,012
STEPHANIE WHITNEY FORMER HEAD OF SCHOOL 50.0
$162,500 $0 $162,500
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $26,811,284 $23,762,602 $40,303,785 $3,048,682
2024 No data No data No data No data
2023 $21,051,570 $20,728,083 $34,097,937 $323,487
2022 $23,274,107 $19,062,427 $32,933,640 $4,211,680
2021 $19,874,947 $18,827,442 $29,412,889 $1,047,505
2020 $19,013,830 $20,151,406 $29,276,919 $-1,137,576
2019 $19,835,545 $20,414,459 $28,622,548 $-578,914
2018 $18,803,681 $19,186,632 $29,832,611 $-382,951
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