PROVIDENCE DAY SCHOOL INC

EIN: 560952382 501(c)(3) Education

CHARLOTTE, NC

Total Revenue
$72,890,636
Total Expenses
$63,592,024
Total Assets
$165,663,876
Net Assets
$94,927,416
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Financial Trends

Organization Details

Formation Year
1971
Legal Domicile
NC
Principal Officer
GLYN COWLISHAW
Phone
7048876000
Tax Period
2024-07-01 to 2025-06-30

PROVIDENCE DAY SCHOOL INC, founded in 1971, is a mid-sized nonprofit in the Education sector that reported $72.9M in total revenue in fiscal year 2024. Expenses of $63.6M left a modest 13% surplus.

Mission

PROVIDENCE DAY SCHOOL EXISTS TO INSPIRE IN ITS STUDENTS A PASSION FOR LEARNING, A COMMITMENT TO PERSONAL INTEGRITY, AND A SENSE OF SOCIAL RESPONSIBILTY. AS A LEADING TK-12 INDEPENDENT SCHOOL, PROVIDENCE DAY SCHOOL IS KNOWN FOR ITS INNOVATIVE APPROACH AND FOCUS ON GLOBAL STUDIES, AS ONE OF JUST SIX SCHOOLS NATIONWIDE TO OFFER A GLOBAL STUDIES DIPLOMA AND A ROUND SQUARE SCHOOL; FOR ITS EMPHASIS ON SOCIAL RESPONSIBILITY, PROUD TO BE A PRIVATE SCHOOL WITH A PUBLIC PURPOSE, INCLUDING DOZENS OF COMMUNITY PARTNERSHIPS AND ITS UNIQUE FREEDOM SCHOOL SITE; FOR ITS COMMITMENT TO EDUCATION IN SCIENCE AND TECHNOLOGY, AND THE APPLICATION OF INNOVATION TO TEACHING; FOR ITS ACCOMPLISHED SCHOLAR-ATHLETES, WHO WIN STATE AND LOCAL CHAMPIONSHIPS AND GO ON TO DIVISION 1 TEAMS AND PRO LEAGUES INCLUDING THE NBA, WNBA, AND MLS; AND FOR ITS DEEP FOCUS ON THE ARTS, DOMINATING REGIONAL AND STATEWIDE HONORS. THE SCHOOL'S GREATEST STRENGTH IS ITS FACULTY, WHO SERVE AS NATIONAL AP READERS AND HOLD 101 MASTER'S DEGR

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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 $7,395,413
Program Service Revenue $64,323,691
Investment Income $1,022,187
Other Revenue $149,345
TOTAL REVENUE $72,890,636

Expense Breakdown

Grants Paid $4,751,335
Salaries & Benefits $42,364,619
Fundraising Expenses $2,013,717
Program Expenses $55,458,554
Other Expenses $16,476,070
TOTAL EXPENSES $63,592,024

Year-over-Year Comparison

2024 2023 Change
Revenue $72,890,636 $70,156,808 +0.0%
Expenses $63,592,024 $60,730,268 +0.0%
Net Income $9,298,612 $9,426,540 0.0%
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
18
Employees
640
Volunteers
750

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
6
$1,109,358
Total Directors
18
$0
Key Employees
5
$1,351,313
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JIM RATCHFORD CHAIR 5.00
Officer Director
$0 $0 $0
COLLIN RICKS JR VICE-CHAIR 5.00
Officer Director
$0 $0 $0
TAREQ AMIN TREASURER 5.00
Officer Director
$0 $0 $0
ED HENEGAR SECRETARY 5.00
Officer Director
$0 $0 $0
AMY BOHL TRUSTEE 5.00
Director
$0 $0 $0
CHRISTOPHER CAMPBELL TRUSTEE 5.00
Director
$0 $0 $0
MOHAMMAD DAHER TRUSTEE 5.00
Director
$0 $0 $0
SOPHIA PAIGE FEEMSTER TRUSTEE 5.00
Director
$0 $0 $0
JOHN GRAY TRUSTEE 5.00
Director
$0 $0 $0
CHARLES GRIGG TRUSTEE 5.00
Director
$0 $0 $0
CHAD HAGLER TRUSTEE 5.00
Director
$0 $0 $0
JOY HORD TRUSTEE 5.00
Director
$0 $0 $0
COREY LEE TRUSTEE 5.00
Director
$0 $0 $0
ELISSA MOORE TRUSTEE 5.00
Director
$0 $0 $0
JILLIAN PALASH TRUSTEE 5.00
Director
$0 $0 $0
SUNITA PRZYBYLO TRUSTEE 5.00
Director
$0 $0 $0
BENJAMIN SLOOP TRUSTEE 5.00
Director
$0 $0 $0
EDWARD YU TRUSTEE 5.00
Director
$0 $0 $0
GLYN COWLISHAW HEAD OF SCHOOL 70.00
Officer
$721,400 $47,085 $768,485
KRISTEN KRAL AHS FOR FINANCE & RISK MGM 55.00
Officer
$329,198 $11,675 $340,873
MICHAEL MAGNO ASSOCIATE HEAD OF SCHOOL 55.00
Key Emp
$256,067 $36,816 $292,883
JEFF APPEL ASST. HEAD OF SCHOOL FOR I 55.00
Key Emp
$334,991 $44,333 $379,324
TODD SWARTZ ASST. HEAD OF SCHOOL FOR H 55.00
Key Emp
$258,527 $40,698 $299,225
LISA KNIGHT ADMISSIONS DIRECTOR 55.00
Key Emp
$187,264 $19,719 $206,983
TYRONE JEAN DIRECTOR OF EIB 55.00
Key Emp
$158,598 $14,300 $172,898
ERIN FERRELL LOWER SCHOOL DIRECTOR 55.00
Highest
$174,122 $36,552 $210,674
NANCY BEATTY ATHLETIC DIRECTOR 55.00
Highest
$178,339 $26,681 $205,020
BRANNON TAPPY DIRECTOR OF MIDDLE SCHOOL 55.00
Highest
$151,568 $22,181 $173,749
JOHN GRIER ATHLETIC COACH 55.00
Highest
$142,662 $32,079 $174,741
MATT SCULLY DIRECTOR OF TECHNOLOGY 55.00
Highest
$147,619 $12,805 $160,424
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 $72,890,636 $63,592,024 $165,663,876 $9,298,612
2024 No data No data No data No data
2023 $59,696,055 $57,452,503 $140,239,161 $2,243,552
2022 $55,863,625 $52,721,636 $127,803,587 $3,141,989
2021 $50,140,053 $48,187,655 $110,524,658 $1,952,398
2020 $47,614,569 $47,298,651 $101,423,765 $315,918
2019 $44,654,804 $45,063,916 $102,946,127 $-409,112
2018 $43,029,223 $41,955,352 $102,242,510 $1,073,871
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