Skip to main content

Nonprofit · EIN 56-0529961

DAVIDSON COLLEGE

Tax-exempt · DAVIDSON, NC 28036

Financials

$202.4M$193.1M2022$270M$213.9M2023$296M$228.2M2024
Revenue Expenses · by fiscal year end
Financials of DAVIDSON COLLEGE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$295,951,405$228,221,709$67,729,696$2,007,739,234$157,642,149$1,850,097,085
June 30, 2024990$269,984,596$213,918,295$56,066,301$1,895,135,622$154,615,946$1,740,519,676
June 30, 2023990$202,355,434$193,121,536$9,233,898$1,807,791,719$159,965,314$1,647,826,405
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$77,600,119
of which government grants
$3,249,733
Program service revenue
$129,609,416
Investment income
$82,297,628
Net gain from sales of assets
$20,615,763
Other revenue
$6,444,242

Expenses

Grants and similar amounts paid
$76,583,631
Compensation of officers, directors and key employees
$3,504,120
Other salaries and wages
$71,116,161
Salaries, compensation and benefits (total)
$94,224,966
Professional fundraising fees
$121,358
Legal fees
$471,359
Accounting fees
$332,622
Occupancy
$4,235,299
Travel
$7,403,250
Depreciation
$11,185,609
Program services (functional)
$194,490,699
Management and general (functional)
$21,758,303
Fundraising (functional)
$11,972,707

Balance sheet and other

Total assets, start of year
$1,895,135,622
Total assets, end of year
$2,007,739,234
Total liabilities, end of year
$157,642,149
Net assets, end of year
$1,850,097,085
Land, buildings and equipment
$369,754,276
Publicly traded securities
$35,543,358
Net assets without donor restrictions
$432,354,052
Net assets with donor restrictions
$1,417,743,033
Gross unrelated business income
-$3,329,917
Gross receipts
$464,907,251
Employees
2,574
Volunteers
9,324
Year formed
1838
State of legal domicile
NC

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
RAYMOND A JACOBSONCHIEF INVESTMENT OFFICER
Key employee
–$996,210$51,202
DOUGLAS A HICKSPRESIDENT
Trustee or director, Officer
–$597,223$245,563
MATTHEW R MCKILLOPMENS BASKETBALL COACH
Highest-paid employee
–$489,816$43,970
DAVID D DEMETERINVESTMENT DIRECTOR
Highest-paid employee
–$436,603$47,749
CHRISTOPHER A CLUNIEDIRECTOR OF ATHLETICS
Highest-paid employee
–$387,431$78,531
ANTOINETTE P MCCORVEYASST SEC AND VP OF FIN & ADMIN
Officer
–$409,147$50,630
EILEEN KEELEYVP OF COLLEGE RELATIONS
Highest-paid employee
–$388,505$46,425
ROBERT H MCKILLOPFORMER MENS BASKETBALL COACH
Highest-paid employee
–$419,504$15,191
SHELLEY E RIGGERVP FOR ACAD AFF & DEAN OF FAC
Key employee
–$318,838$42,869
SARAH PHILLIPSASSISTANT SEC. & GENERAL COUNSEL
Officer
–$317,104$34,496
CHRIS GRUBERVP & DEAN OF ADMISSION AND FA
Key employee
–$249,507$62,355
ANTHONY FOXXCHAIR, BOARD OF TRUSTEES
Trustee or director, Officer
–$0$0
LISA GREEN CASEVICE CHAIR, BOARD OF TRUSTEES
Trustee or director, Officer
–$0$0
STEVE SHAMESSECRETARY, BOARD OF TRUSTEES
Trustee or director, Officer
–$0$0
ALISON HALL MAUZETRUSTEE
Trustee or director
–$0$0
33 more people on this return
NameTitleHours / weekCompensation
ANDY BERNDTTRUSTEE
Trustee or director
–$0
ANNE HURT KRIEGTRUSTEE
Trustee or director
–$0
BOB DUNHAMTRUSTEE
Trustee or director
–$0
CHAD MORGANTRUSTEE
Trustee or director
–$0
CINTRA POLLACKTRUSTEE
Trustee or director
–$0
DAN BOONETRUSTEE
Trustee or director
–$0
DAVID HALLTRUSTEE
Trustee or director
–$0
DAVID SPRINKLETRUSTEE
Trustee or director
–$0
DOUG EYTRUSTEE
Trustee or director
–$0
DYLAN GLENNTRUSTEE
Trustee or director
–$0
EMMIT SKLARTRUSTEE
Trustee or director
–$0
ERWIN CARTERTRUSTEE
Trustee or director
–$0
JACK PURCELLTRUSTEE
Trustee or director
–$0
JANET STOVALLTRUSTEE
Trustee or director
–$0
JESSICA DAVISTRUSTEE
Trustee or director
–$0
JORDAN CLARKTRUSTEE
Trustee or director
–$0
JORDAN STARCKTRUSTEE
Trustee or director
–$0
KIRK WILLINGHAMTRUSTEE
Trustee or director
–$0
KRISTI MITCHEMTRUSTEE
Trustee or director
–$0
LESLIE GRINAGETRUSTEE
Trustee or director
–$0
LILLIAN WOOTRUSTEE
Trustee or director
–$0
MARIA T ALDRICHTRUSTEE
Trustee or director
–$0
MARY TABB MACKTRUSTEE
Trustee or director
–$0
N ELIZABETH MCCAWTRUSTEE
Trustee or director
–$0
OLIVIA WARETRUSTEE
Trustee or director
–$0
PREM MANJOORANTRUSTEE
Trustee or director
–$0
ROBERT W HENDERSONTRUSTEE
Trustee or director
–$0
SALLIE PERMARTRUSTEE
Trustee or director
–$0
TIARA ABLE HENDERSONTRUSTEE
Trustee or director
–$0
TIM SAINTSINGTRUSTEE
Trustee or director
–$0
TOM FINKETRUSTEE
Trustee or director
–$0
WHITNEY A WHITETRUSTEE
Trustee or director
–$0
HARRISON MARSHALL JRASSISTANT SECRETARY
Officer
–$0
990 for the year ended June 30, 2024: 53 people
NameTitleHours / weekCompensationOther / benefits
RAYMOND A JACOBSONCHIEF INVESTMENT OFFICER
Key employee
0$960,471$48,260
DOUGLAS A HICKSPRESIDENT
Trustee or director, Officer
0$536,811$168,748
MATTHEW R MCKILLOPMENS BASKETBALL COACH
Highest-paid employee
0$463,662$41,957
ANTOINETTE P MCCORVEYASST SEC AND VP OF FIN & ADMIN
Officer
0$430,584$48,739
EILEEN KEELEYVP OF COLLEGE RELATIONS
Highest-paid employee
0$403,044$45,577
CHRISTOPHER A CLUNIEDIRECTOR OF ATHLETICS
Highest-paid employee
0$382,377$61,573
DAVID D DEMETERINVESTMENT DIRECTOR
Highest-paid employee
0$408,504$30,085
ROBERT H MCKILLOPFORMER MENS BASKETBALL COACH
Highest-paid employee
0$412,907$14,564
CAROL E QUILLENFORMER PRESIDENT
Former
0$378,315$41,366
SARAH PHILLIPSASSISTANT SEC. & GEN. COUNSEL
Officer
0$337,407$32,514
CHRIS GRUBERVP & DEAN OF ADMISSION AND FA
Key employee
0$326,107$40,419
SHELLEY E RIGGERVP FOR ACAD AFF & DEAN OF FAC
Key employee
0$304,872$37,692
DYLAN GLENNTRUSTEE
Trustee or director
0$0$0
ANDY BERNDTTRUSTEE
Trustee or director
0$0$0
ERWIN CARTERTRUSTEE
Trustee or director
0$0$0
MARY TABB MACKTRUSTEE
Trustee or director
0$0$0
JESSICA DAVISTRUSTEES
Trustee or director
0$0$0
DOUG EYTRUSTEE
Trustee or director
0$0$0
KAMRAN SHAHBAZTRUSTEE
Trustee or director
0$0$0
JORDAN STARCKTRUSTEE
Trustee or director
0$0$0
ANTHONY FOXXVICE CHAIR, BOARD OF TRUSTEES
Trustee or director, Officer
0$0$0
YVETTE P FRAMPTONTRUSTEE
Trustee or director, Officer
0$0$0
JANET STOVALLTRUSTEE
Trustee or director
0$0$0
MARIA T ALDRICHTRUSTEE
Trustee or director
0$0$0
DAVID HALLSECRETARY, BOARD OF TRUSTEES
Trustee or director, Officer
0$0$0
TIARA ABLE HENDERSONTRUSTEE
Trustee or director
0$0$0
ROBERT W HENDERSONTRUSTEE
Trustee or director
0$0$0
DAN BOONETRUSTEE
Trustee or director
0$0$0
REID FRENCHTRUSTEE
Trustee or director
0$0$0
BOB DUNHAMTRUSTEE
Trustee or director
0$0$0
KRISTI MITCHEMTRUSTEE
Trustee or director
0$0$0
TOM FINKETRUSTEE
Trustee or director
0$0$0
ALISON HALL MAUZECHAIR, BOARD OF TRUSTEES
Trustee or director, Officer
0$0$0
CHAD MORGANTRUSTEE
Trustee or director
0$0$0
CINTRA POLLACKTRUSTEE
Trustee or director
0$0$0
N ELIZABETH MCCAWTRUSTEE
Trustee or director
0$0$0
PREM MANJOORANTRUSTEE
Trustee or director
0$0$0
PATRICIA A RODGERSTRUSTEE
Trustee or director
0$0$0
ANDREW J SCHWABTRUSTEE
Trustee or director
0$0$0
STEVE SHAMESTRUSTEE
Trustee or director
0$0$0
SALLIE PERMARTRUSTEE
Trustee or director
0$0$0
TIM SAINTSINGTRUSTEE
Trustee or director
0$0$0
KIRK WILLINGHAMTRUSTEE
Trustee or director
0$0$0
DAVID SPRINKLETRUSTEE
Trustee or director
0$0$0
LILLIAN WOOTRUSTEE
Trustee or director
0$0$0
LISA GREEN CASETrustee
Trustee or director
0$0$0
OLIVIA WARETRUSTEE
Trustee or director
0$0$0
WHITNEY A WHITETRUSTEE
Trustee or director
0$0$0
CARLOS ALVAREZTRUSTEE
Trustee or director
0$0$0
VIRGIL FLUDDTRUSTEE
Trustee or director
0$0$0
ANNE STANBACKTRUSTEE
Trustee or director
0$0$0
JOEL WILLIAMSONTRUSTEE
Trustee or director
0$0$0
HARRISON MARSHALL JRASSISTANT SECRETARY
Officer
0$0$0
990 for the year ended June 30, 2023: 48 people
NameTitleHours / weekCompensationOther / benefits
RAYMOND A JACOBSONCHIEF INVESTMENT OFFICER
Key employee
0$743,390$62,470
CAROL E QUILLENPRESIDENT THRU 7/31/22
Trustee or director, Officer
0$484,254$57,153
ROBERT H MCKILLOPFORMER MENS BASKETBALL COACH
Highest-paid employee
0$490,557$38,864
ANTOINETTE P MCCORVEYASST SEC AND VP OF FIN & ADMIN
Officer
0$348,615$45,450
DAVID D DEMETERINVESTMENT DIRECTOR
Highest-paid employee
0$351,908$41,313
EILEEN KEELEYVP OF COLLEGE RELATIONS
Highest-paid employee
0$325,336$42,830
CHRISTOPHER A CLUNIEDIRECTOR OF ATHLETICS
Highest-paid employee
0$304,569$58,149
MATTHEW R MCKILLOPMENS BASKETBALL COACH
Highest-paid employee
0$285,971$38,795
CHRIS GRUBERVP & DEAN OF ADMISSION AND FA
Key employee
0$257,093$63,728
SARAH PHILLIPSASSISTANT SEC. & GEN. COUNSEL
Officer
0$272,211$29,583
SHELLEY E RIGGERVP FOR ACAD AFF & DEAN OF FAC
Key employee
0$259,669$25,260
DOUGLAS A HICKSPRESIDENT BEG. 8/1/22
Trustee or director, Officer
0$236,298$47,440
PHILIP N JEFFERSONFMR VP ACAD AFF & DEAN OF FAC
Key employee
0$171,633$19,269
CARLOS E ALVAREZTRUSTEE
Trustee or director
0$0$0
ANDY BERNDTTRUSTEE
Trustee or director
0$0$0
ERWIN CARTERTRUSTEE
Trustee or director
0$0$0
VIRGIL FLUDDTRUSTEE
Trustee or director
0$0$0
JESSICA DAVISTRUSTEES
Trustee or director
0$0$0
DOUG EYTRUSTEE
Trustee or director
0$0$0
KAMRAN SHAHBAZTRUSTEE
Trustee or director
0$0$0
JORDAN STARCKTRUSTEE
Trustee or director
0$0$0
ANTHONY FOXXVICE CHAIR, BOARD OF TRUSTEES
Trustee or director, Officer
0$0$0
YVETTE P FRAMPTONTRUSTEE
Trustee or director, Officer
0$0$0
JANET STOVALLTRUSTEE
Trustee or director
0$0$0
MARIA T ALDRICHTRUSTEE
Trustee or director
0$0$0
DAVID HALLSECRETARY, BOARD OF TRUSTEES
Trustee or director
0$0$0
TIARA ABLE HENDERSONTRUSTEE
Trustee or director
0$0$0
ROBERT W HENDERSONTRUSTEE
Trustee or director
0$0$0
DAN BOONETRUSTEE
Trustee or director
0$0$0
REID FRENCHTRUSTEE
Trustee or director
0$0$0
BOB DUNHAMTRUSTEE
Trustee or director
0$0$0
KRISTI MITCHEMTRUSTEE
Trustee or director
0$0$0
TOM FINKETRUSTEE
Trustee or director
0$0$0
ALISON HALL MAUZECHAIR, BOARD OF TRUSTEES
Trustee or director, Officer
0$0$0
CHAD MORGANTRUSTEE
Trustee or director
0$0$0
CINTRA POLLACKTRUSTEE
Trustee or director
0$0$0
PREM MANJOORANTRUSTEE
Trustee or director
0$0$0
PATRICIA A RODGERSTRUSTEE
Trustee or director
0$0$0
ANDREW J SCHWABTRUSTEE
Trustee or director
0$0$0
STEVE SHAMESTRUSTEE
Trustee or director
0$0$0
ANNE STANBACKTRUSTEE
Trustee or director
0$0$0
TIM SAINTSINGTRUSTEE
Trustee or director
0$0$0
JOEL WILLIAMSONTRUSTEE
Trustee or director
0$0$0
DAVID SPRINKLETRUSTEE
Trustee or director
0$0$0
LILLIAN WOOTRUSTEE
Trustee or director
0$0$0
LISA GREEN CASETrustee
Trustee or director
0$0$0
OLIVIA WARETRUSTEE
Trustee or director
0$0$0
HARRISON MARSHALL JRASSISTANT SECRETARY
Officer
0$0$0

Address and contacts

Address (IRS master file)
209 RIDGE RD BOX 5000, DAVIDSON, NC 28036-0407
In care of
% EILEEN VALERIO
Principal officer (990 for 2024)
Douglas A Hicks, PO Box 7162, Davidson, NC 280357162
Signed the 990
Antoinette McCorvey, Asst Sec & VP of FIN
Phone
(704) 894-2210
Return prepared by
KPMG LLP

Mission

UNDERGRADUATE LIBERAL ARTS EDUCATION

990 for the year ended June 30, 2025

Program accomplishments

  • NEED-BASED AND MERIT AID AWARDED TO STUDENTS.
    Expenses $76,503,631 · grants $76,503,631
  • INSTRUCTION AND ACADEMIC PROGRAMS LEADING TO B.S. AND B.A. DEGREES FOR DAVIDSON STUDENTS. THIS INCLUDES SUPPORT OF INTERNATIONAL STUDENTS STUDYING AT DAVIDSON AND DAVIDSON STUDENTS STUDYING ABROAD.
    Expenses $74,052,026 · revenue $127,200,842
  • 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.
    Expenses $17,457,438
  • ATHLETICS AND PHYSICAL EDUCATION PROVIDED AS PART OF A WELL-ROUNDED LIBERAL ARTS EDUCATION. THE ATHLETICS PROGRAM INCLUDES INTERCOLLEGIATE TEAMS, CLUB SPORTS AND INTRAMURAL COMPETITION.
    Expenses $26,477,604 · grants $80,000 · revenue $8,367,013

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
56-0529961
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
School
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1951
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B420)
Assets (IRS master file)
$2,007,739,234
Income (IRS master file)
$464,907,251

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$295,951,405$228,221,709$2,007,739,234IRS
990-TJune 2025–––IRS
990June 2024$269,984,596$213,918,295$1,895,135,622IRS
990-TJune 2024–––IRS
990June 2023$202,355,434$193,121,536$1,807,791,719XML
990-TJune 2023–––IRS
990June 2022$353,448,425$173,717,660$1,808,715,075IRS
990-TJune 2022–––IRS
990June 2021–––IRS
990-TJune 2021–––IRS
990June 2020–––IRS
990June 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-0529961).

Questions about DAVIDSON COLLEGE

What is the EIN of DAVIDSON COLLEGE?
The employer identification number (EIN) of DAVIDSON COLLEGE is 56-0529961.
Is DAVIDSON COLLEGE tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1951.
Are donations to DAVIDSON COLLEGE tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does DAVIDSON COLLEGE file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of DAVIDSON COLLEGE due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did DAVIDSON COLLEGE last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of DAVIDSON COLLEGE?
The 990 for the year ended June 30, 2025 names Douglas A Hicks.
Who are the officers and directors of DAVIDSON COLLEGE?
The 990 for the year ended June 30, 2025 lists 48 people; 11 received compensation from the organization, the highest $996,210 (RAYMOND A JACOBSON, CHIEF INVESTMENT OFFICER).
How much revenue does DAVIDSON COLLEGE have?
On its 990 for the year ended June 30, 2025 it reported revenue of $295,951,405, expenses of $228,221,709 and total assets of $2,007,739,234 at year end.

Other nonprofits in DAVIDSON

All nonprofits in DAVIDSON · North Carolina · Education