GASTON DAY SCHOOL INC

EIN: 566076613 501(c)(3) Education

GASTONIA, NC

Total Revenue
$12,247,016
Total Expenses
$11,878,676
Total Assets
$42,918,855
Net Assets
$35,080,935
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1966
Legal Domicile
NC
Principal Officer
DAVIDSON ROBERT HOBSON
Phone
7048647744
Tax Period
2024-07-01 to 2025-06-30

GASTON DAY SCHOOL INC, founded in 1966, is a mid-sized nonprofit in the Education sector that reported $12.2M in total revenue in fiscal year 2024. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $11.9M left a modest 3% surplus.

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.

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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 $881,166
Program Service Revenue $10,581,063
Investment Income $525,494
Other Revenue $259,293
TOTAL REVENUE $12,247,016

Expense Breakdown

Grants Paid $1,837,776
Salaries & Benefits $5,802,040
Fundraising Expenses $67,561
Program Expenses $8,333,991
Other Expenses $4,238,860
TOTAL EXPENSES $11,878,676

Year-over-Year Comparison

2024 2023 Change
Revenue $12,247,016 $20,420,497 -0.4%
Expenses $11,878,676 $11,043,488 +0.1%
Net Income $368,340 $9,377,009 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
182
Volunteers
170

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
$248,210
Total Directors
12
$0
Key Employees
1
$171,210
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVIDSON ROBERT HOBSON HEAD OF SCHO 50.00
Officer
$230,000 $18,210 $248,210
VANN NOBLETT DIRECTOR OF 50.00
Key Emp
$155,000 $16,210 $171,210
TAMARA BURRELL DIRECTOR 1.00
Director
$0 $0 $0
JEFF COLYER DIRECTOR 1.00
Director
$0 $0 $0
JOHN CONNOR DIRECTOR 1.00
Director
$0 $0 $0
LEEANN HARRIS VICE CHAIR 2.00
Officer Director
$0 $0 $0
BEN HINTON DIRECTOR 1.00
Director
$0 $0 $0
BETSY HURST DIRECTOR 1.00
Director
$0 $0 $0
LAUREN LEBIODA DIRECTOR 1.00
Director
$0 $0 $0
MORKOR NEWMAN CHAIR 2.00
Officer Director
$0 $0 $0
LIZ SISK EX-OFFOCIO 1.00
Director
$0 $0 $0
ERNEST SUMNER TREASURER 2.00
Officer Director
$0 $0 $0
JEFF VANACORE DIRECTOR 1.00
Director
$0 $0 $0
PAMELA WARLICK SECRETARY 2.00
Officer Director
$0 $0 $0
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 $12,247,016 $11,878,676 $42,918,855 $368,340
2024 $20,420,497 $11,043,488 $37,949,392 $9,377,009
2023 $9,633,875 $10,422,585 $27,061,909 $-788,710
2022 $10,422,542 $10,296,772 $26,136,128 $125,770
2021 $10,760,636 $10,020,829 $27,801,670 $739,807
2020 $10,205,435 $9,596,412 $26,255,997 $609,023
2019 $9,261,987 $9,507,358 $25,264,987 $-245,371
2018 $13,596,701 $9,030,989 $25,440,541 $4,565,712
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