2025-03-27T08:04:19-05:00 2024-06-30 561965804 THOMAS JUDY & TUCKER PA 404 HUNT STREET SUITE 100 DURHAM NC 27701 990 2023-07-01 560538019 DURHAM ACADEMY INC DURH 9194900193 3130 PICKETT ROAD DURHAM NC 27705 MICHAEL ULKU-STEINER HEAD OF SCHOOL 9194900193 2025-03-27 1 0 KRISTEN HOYLE CPA P00118964 9195717055 2025-03-25 2023 2025-03-06 01:10:19Z MICHAEL ULKU-STEINER 3130 PICKETT ROAD DURHAM NC 27705 59064377 0 X WWW.DA.ORG X 1961 NC 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. 25 25 622 970 2790 1790 3115590 3933769 38263871 40290733 990180 879482 223361 209799 42593002 45313783 2498814 2703305 0 0 25625206 27313164 0 0 1227732 11701165 13710693 39825185 43727162 2767817 1586621 116101697 118260431 30492443 27595818 85609254 90664613 X 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. 0 0 33201961 2703305 40477633 DURHAM ACADEMY PROVIDES SCHOOLING FOR PRE-SCHOOL THROUGH TWELFTH GRADE STUDENTS. 33201961 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 1 148 0 622 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 25 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X ADAM BRAUDE 9192871713 3130 PICKETT ROAD DURHAM NC 27705 MEREDITH HOWELL BOARD MEMBER 1.00 X 0 0 0 EDWIN POSTON BOARD MEMBER 1.00 X 0 0 0 DAVID PETERS BOARD MEMBER 1.00 X 0 0 0 JILL MOORE BOARD MEMBER 1.00 X 0 0 0 DELORES MOORE BOARD MEMBER 1.00 X 0 0 0 RANDY GELBER BOARD MEMBER 1.00 X 0 0 0 KATE KNUTSON BOARD MEMBER 1.00 X 0 0 0 NINA KING BOARD MEMBER 1.00 X 0 0 0 ANNA WU BOARD MEMBER 1.00 X 0 0 0 SELENA KEEGAN BOARD MEMBER 1.00 X 0 0 0 JENNIFER BULLOCK BOARD MEMBER 1.00 X 0 0 0 DAN GONZALEZ BOARD MEMBER 1.00 X 0 0 0 BRYAN BRANDER BOARD MEMBER 1.00 X 0 0 0 ASHLEY FREEDMAN BOARD MEMBER 1.00 X 0 0 0 BEN EDWARDS BOARD MEMBER 1.00 X 0 0 0 ANDY CRAWFORD BOARD MEMBER 1.00 X 0 0 0 AARON CHATTERJI BOARD MEMBER 1.00 X 0 0 0 HOBSON HOGAN BOARD MEMBER 1.00 X 0 0 0 PAUL CASEY BOARD MEMBER 1.00 X 0 0 0 BRYAN BATCH BOARD MEMBER 1.00 X 0 0 0 JAMIE SPATOLA SECRETARY 2.00 X X 0 0 0 CHRISTIAN LUNDBLAD TREASURER 2.00 X X 0 0 0 MELISSA PFEIL PRESIDENT 2.00 X X 0 0 0 DEBBIE DIBBERT VICE CHAIR 2.00 X X 0 0 0 ASHLEY YETMAN BOARD MEMBER 1.00 X 0 0 0 MICHAEL ULKU-STEINER EX OFFICIO DURHAM ACADEMY HEAD OF SCHOOL 40.00 X 759726 0 33792 KRISTEN KLEIN ASSOCIATE HEAD OF SCHOOL 40.00 X 214703 0 21488 ADAM BRAUDE CHIEF FINANCIAL OPERATIONS OFFICER 40.00 X 126392 0 5358 VICTORIA MURADI DIRECTOR OF STRATEGIC INIT 40.00 X 186813 0 21537 JONATHAN M MEREDITH DIRECTOR OF MIDDLE SCHOOL 40.00 X 171914 0 22228 GERALD BENSON DIRECTOR OF BUSINESS SERVICES 40.00 X 167280 0 16360 LANIS WILSON DIRECTOR OF UPPER SCHOOL 40.00 X 166490 0 20662 MICHAEL SMITH DIRECTOR OF FACILITIES SER 40.00 X 164535 0 20516 CAROLINE RONCO DIRECTOR OF LOWER SCHOOL 40.00 X 161450 0 20372 KEMI NONEZ DIRECTOR OF ENROLLMENT MAN 40.00 X 155654 0 19870 CHRIS FARR DIRECTOR OF PHILANTHROPY 40.00 X 153750 0 5125 TREVOR HOYT DIRECTOR OF TECHNOLOGY 40.00 X 133801 0 20803 ANDREW POGACH DIRECTOR OF ATHLETICS 40.00 X 131805 0 17436 JASON MUNDY DIRECTOR OF DIVERSITY,EQUITY, INCLUSION 40.00 X 128262 0 14001 KARL SCHAEFER MS STEAM TEACHER 40.00 X 126203 0 9465 2948778 0 269013 15 0 1 0 CT WILSON CONSTRUCTION CO PO BOX 2011 DURHAM NC 27702 CONSTRUCTION 4070398 DAVIS LANDSCAPE LTD 60 RUPERT ROAD RALEIGH NC 27603 LANDSCAPING 610100 CENPLEX BUILDING SERVICES LLC 2400 RELIANCE AVENUE SUITE B APEX NC 275397010 CLEANING 473802 CANNON ARCHITECTS 401 N WEST STREET RALEIGH NC 27603 ARCHITECTURE 189599 TEMPERATURE CONTROL SERVICES PO BOX 749 CREEDMORE NC 27522 HVAC CONTRACTOR 142679 6 3933769 393659 3933769 TUITION AND FEES 611110 38751283 38751283 SUMMER SCHOOL REVENUE 611110 914629 914629 NEW STUDENT FEES 611110 399000 399000 STUDENT ACTIVITIES 611110 225821 225821 40290733 876521 876521 54785 33386 21399 21399 21399 13552576 2790 13552405 0 171 2790 2961 2790 171 1500 0 1500 1500 246518 164803 81715 81715 HILL CENTER FEES 900099 72229 72229 FINES AND ASSESSMENTS 900099 21188 21188 OTHER 900099 11768 11768 105185 45313783 40477633 2790 899591 2703305 2703305 1057072 758881 264862 33329 19261435 13827941 4826208 607286 1024523 735513 256708 32302 4310905 3094834 1080155 135916 1659229 1191174 415742 52313 32947 32947 66100 66100 100436 100436 590914 590914 60033 13154 46879 558821 322709 178822 57290 509915 362849 147066 2522541 2018033 454057 50451 627873 583385 44488 3406735 2725389 613211 68135 169063 169063 SUPPLIES AND CONTRIBUTI 3191242 2895914 255404 39924 DEBT SERVICE 1288145 1030515 231867 25763 MISCELLANEOUS 377389 108748 223088 45553 FOOD 109960 57858 46039 6063 98579 11782 60269 26528 43727162 33201961 9297469 1227732 434221 304744 379745 5287764 3050866 2976523 744937 1036182 35765 39987 333323 438776 112892964 45818205 67041318 67074759 41201021 37829953 2880501 3271743 116101697 118260431 2450796 1649462 4641733 4846807 15899914 13645803 7500000 7453746 30492443 27595818 X 68511477 72795436 17097777 17869177 85609254 90664613 116101697 118260431 X 1586621 3471528 -2790 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15765953 405970 1553883 170124 16889089 14153273 128619 1954343 470482 15765953 15984170 37107 -1516511 351493 14153273 13351046 70545 2901296 279975 58742 15984170 13602525 118770 -133659 121590 115000 13351046 0.19500 0.52900 0.27600 1 1 0 3076582 3076582 83223487 23048051 60175436 16055803 14112751 1943052 10537092 8657403 1879689 67074759 X 46176969 3471528 195399 3666927 42510042 100436 2703305 2803741 45313783 41121610 198189 198189 40923421 100436 2703305 2803741 43727162 PART V, LINE 4: THE ENDOWMENT FUNDS IS AN INVESTMENT TOOL TO HOLD FUNDS TO BE USED TOWARDS THE SCHOOLS PROGRAMS. PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ACADEMY AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE ACADEMY HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE LIKELY THAN NOT WOULD BE SUSTAINED UPON EXAMINATION BY THE APPLICABLE AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ACADEMY, AND HAS CONCLUDED THAT AS OF JUNE 30, 2024, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ACADEMY IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES COST OF GOODS SOLD 164,803. RENTAL EXPENSE 33,386. K-1 INCOME -2,790. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID, REPORTED NET OF TUITION ON FINANCIAL STATEMENTS 2,703,305. GAIN ON SALE OF ASSET PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES COST OF GOODS SOLD 164,803. RENTAL EXPENSE 33,386. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID, REPORTED NET OF TUITION ON FINANCIAL STATEMENTS 2,703,305. GAIN ON SALE OF ASSET 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 LOCAL NEWSPAPERS AND TRADE PUBLICATIONS 1 STUDENT FINANCIAL AID 128 2703305 FMV SCHOLARSHIPS AND DISCOUNTED TUITION PART I, LINE 2: DURHAM ACADEMY HAS MORE THAN $2 MILLION OF NEED-BASED FINANCIAL AID AVAILABLE. THE SCHOOL DETERMINES A FAMILY'S ABILITY TO PAY TUITION WITH THE HELP OF AN INDEPENDENT THIRD PARTY, TUITION AID DATA SERVICES (TADS). THE RESULTS OF THE TADS FORMULA ARE CONSIDERED BY DA'S FINANCIAL AID COMMITTEE, WHICH THEN DETERMINES WHETHER AID IS TO BE GRANTED AND HOW MUCH AID TO GRANT. FINANCIAL AID NEED IS CALCULATED BY TADS WITHOUT REGARD TO RACE, GENDER, ABILITY, ETHNICITY OR RELIGION. X 1 0 X X X 0 0 0 0 0 0 0 0 0 MICHAEL ULKU-STEINER EX OFFICIO DURHAM ACADEMY HEAD OF SC 759726 0 0 0 0 0 22161 0 11631 0 793518 0 0 0 KRISTEN KLEIN ASSOCIATE HEAD OF SCHOOL 214703 0 0 0 0 0 11151 0 10337 0 236191 0 0 0 VICTORIA MURADI DIRECTOR OF STRATEGIC INIT 186813 0 0 0 0 0 13445 0 8092 0 208350 0 0 0 JONATHAN M MEREDITH DIRECTOR OF MIDDLE SCHOOL 171914 0 0 0 0 0 9418 0 12810 0 194142 0 0 0 LANIS WILSON DIRECTOR OF UPPER SCHOOL 166490 0 0 0 0 0 12561 0 8101 0 187152 0 0 0 MICHAEL SMITH DIRECTOR OF FACILITIES SER 164535 0 0 0 0 0 12415 0 8101 0 185051 0 0 0 GERALD BENSON DIRECTOR OF BUSINESS SERVICES 167280 0 0 0 0 0 12680 0 3680 0 183640 0 0 0 CAROLINE RONCO DIRECTOR OF LOWER SCHOOL 161450 0 0 0 0 0 12280 0 8092 0 181822 0 0 0 KEMI NONEZ DIRECTOR OF ENROLLMENT MAN 155654 0 0 0 0 0 11775 0 8095 0 175524 0 0 0 CHRIS FARR DIRECTOR OF PHILANTHROPY 153750 0 0 0 0 0 5125 0 0 0 158875 0 0 0 TREVOR HOYT DIRECTOR OF TECHNOLOGY 133801 0 0 0 0 0 10785 0 10018 0 154604 0 0 0 PART I, LINE 1A HEAD OF SCHOOL, MICHAEL ULKU-STEINER RECEIVED A HOUSING ALLOWANCE WHICH WAS TAXABLE. A PUBLIC FINANCE AUTHORITY 273866124 2017-04-15 25570000 TO REFUND A PRIOR ISSUE (2013) AND FUND NEW CAPITAL PROJECTS 0 0 0 A 25390000 144516 15830000 1 0 0 0 A 0 0 0 0 1 0 0 0 1 A 1 BOARD MEMBERS OR EMPLOYEES PERSON ON BOARD MEMBER OR EMPLOYEE OF THE ORGANIZATION 198784 DISCOUNTED TUITION PROVIDING OFFICERS AND KEY EMPLOYEES WITH DISCOUNTED STUDENT TUITION. CHARLIE WILSON FORMER BOARD MEMBER 4070398 DURHAM ACADEMY PAYS C.T. WILSON CONSTRUCTION FOR CONSTRUCTION PROJECTS. 0 X 32 393659 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WILL BE REVIEWED BY THE HEAD OF SCHOOL, DIRECTOR OF BUSINESS SERVICES AND FINANCE COMMITTEE. THE FINANCE COMMITTEE WILL APPROVE THE DRAFT INCLUDING ANY IDENTIFIED CHANGES AS A RESULT OF THIS REVIEW. THE FINAL FORM 990 TAX RETURN WILL BE SIGNED BY THE HEAD OF SCHOOL AND A COPY OF THE APPROVED RETURN WILL BE PROVIDED TO ALL OF THE OFFICERS, DIRECTORS AND TRUSTEES BEFORE THE RETURN IS FILED. FORM 990, PART VI, SECTION B, LINE 12C ANY MEMBER OF THE BOARD OF TRUSTEES SHALL DISCLOSE TO THE BOARD ANY RELATIONSHIP WHICH HE/SHE MAY HAVE WITH ANY PERSON, CORPORATION OR OTHER ENTITY WITH WHOM THE SCHOOL PROPOSES TO ENTER INTO ANY CONTRACT OR OTHER TRANSACTION WHICH WILL OR MAY RESULT IN FINANCIAL GAIN OR ADVANTAGE TO SUCH BOARD MEMBERS BY REASON OF SUCH RELATIONSHIP. IF IT APPEARS THAT A BOARD MEMBER HAS FAILED TO MAKE DISCLOSURE BEFORE THE SCHOOL ENTERS INTO SUCH CONTRACT OR TRANSACTION, THE BOARD MAY REMOVE SUCH TRUSTEE BY VOTE OF A SIMPLE MAJORITY OF THE TRUSTEES THEN IN OFFICE, AT ANY MEETING IN WHICH A QUORUM IS PRESENT. IF ANY TRUSTEE IS SO REMOVED A NEW TRUSTEE MAY BE ELECTED AT THE SAME MEETING OR AT A SUBSEQUENT MEETING. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING COMPENSATION OF THE ORGANIZATION'S HEAD OF SCHOOL INCLUDES ALL OF THESE ELEMENTS: THE REVIEW AND APPROVAL BY THE BOARD, USE OF DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS, AND WRITTEN EMPLOYMENT CONTRACT AND CONTEMPORANEOUS RECORDS. FORM 990, PART VI, SECTION C, LINE 19 ALL AUDITED FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND POLICIES ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: K-1 INCOME -2,790. FORM 990, PART XII LN 2C THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR.