Nonprofit · EIN 56-0538019
DURHAM ACADEMY INC
Tax-exempt · DURHAM, NC 27705
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $47,555,061 | $44,677,674 | $2,877,387 | $124,206,074 | $27,550,014 | $96,656,060 |
| June 30, 2024 | 990 | $45,313,783 | $43,727,162 | $1,586,621 | $118,260,431 | $27,595,818 | $90,664,613 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $4,021,085
- Program service revenue
- $42,430,146
- Investment income
- $900,540
- Net rental income
- $24,558
- Net gain from sales of assets
- $7,196
- Net income from fundraising events
- $5,946
- Net income from sales of inventory
- $34,055
- Other revenue
- $203,290
Expenses
- Grants and similar amounts paid
- $2,696,481
- Compensation of officers, directors and key employees
- $1,206,118
- Other salaries and wages
- $20,117,351
- Salaries, compensation and benefits (total)
- $28,433,870
- Professional fundraising fees
- $0
- Legal fees
- $30,410
- Accounting fees
- $77,500
- Occupancy
- $2,499,935
- Travel
- $621,906
- Depreciation
- $3,732,427
- Program services (functional)
- $33,775,330
- Management and general (functional)
- $9,704,037
- Fundraising (functional)
- $1,198,307
Balance sheet and other
- Total assets, start of year
- $118,260,431
- Total assets, end of year
- $124,206,074
- Total liabilities, end of year
- $27,550,014
- Net assets, end of year
- $96,656,060
- Land, buildings and equipment
- $65,729,564
- Publicly traded securities
- $43,819,419
- Net assets without donor restrictions
- $77,032,544
- Net assets with donor restrictions
- $19,623,516
- Gross unrelated business income
- $2,370
- Gross receipts
- $60,729,779
- Employees
- 277
- Volunteers
- 970
- Year formed
- 1961
- 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.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL ULKU-STEINER | EX OFFICIO DURHAM ACADEMY Officer | 40 | $485,773 | $48,532 |
| ADAM BRAUDE | CHIEF FINANCIAL OPERATIONS Officer | 40 | $248,926 | $15,919 |
| KRISTEN KLEIN | ASSOCIATE HEAD OF SCHOOL Officer | 40 | $217,439 | $32,499 |
| CHRIS FARR | DIRECTOR OF PHILANTHROPY Highest-paid employee | 40 | $195,281 | $14,075 |
| VICTORIA MURADI | DIRECTOR OF STRATEGIC INIT Highest-paid employee | 40 | $181,463 | $19,004 |
| JONATHAN M MEREDITH | DIRECTOR OF MIDDLE SCHOOL Key employee | 40 | $167,086 | $24,092 |
| LANIS WILSON | DIRECTOR OF UPPER SCHOOL Key employee | 40 | $163,007 | $14,581 |
| CAROLINE RONCO | DIRECTOR OF LOWER SCHOOL Highest-paid employee | 40 | $140,132 | $32,459 |
| MICHAEL SMITH | DIRECTOR OF FACILITIES SER Highest-paid employee | 40 | $152,019 | $14,327 |
| KEMI NONEZ | DIRECTOR OF ENROLLMENT MAN Highest-paid employee | 40 | $146,175 | $17,182 |
| JILL MOORE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DELORES MOORE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KATE KNUTSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| NINA KING | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ANNA WU | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
19 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BEN EDWARDS | BOARD MEMBER Trustee or director | 1 | $0 |
| SELENA KEEGAN | BOARD MEMBER Trustee or director | 1 | $0 |
| JENNIFER BULLOCK | BOARD MEMBER Trustee or director | 1 | $0 |
| DAN GONZALEZ | BOARD MEMBER Trustee or director | 1 | $0 |
| BRYAN BRANDER | BOARD MEMBER Trustee or director | 1 | $0 |
| ASHLEY FREEDMAN | BOARD MEMBER Trustee or director | 1 | $0 |
| ASHLEY YETMAN | BOARD MEMBER Trustee or director | 1 | $0 |
| ANDY CRAWFORD | BOARD MEMBER Trustee or director | 1 | $0 |
| AARON CHATTERJI | BOARD MEMBER Trustee or director | 1 | $0 |
| HOBSON HOGAN | BOARD MEMBER Trustee or director | 1 | $0 |
| PAUL CASEY | BOARD MEMBER Trustee or director | 1 | $0 |
| DAVID PETERS | BOARD MEMBER Trustee or director | 1 | $0 |
| BRYAN BATCH | BOARD MEMBER Trustee or director | 1 | $0 |
| JAMIE SPATOLA | SECRETARY Trustee or director, Officer | 2 | $0 |
| CHRISTIAN LUNDBLAD | TREASURER Trustee or director, Officer | 2 | $0 |
| DEBBIE DIBBERT | VICE CHAIR Trustee or director, Officer | 2 | $0 |
| MELISSA PFEIL | PRESIDENT Trustee or director, Officer | 2 | $0 |
| MEREDITH HOWELL | BOARD MEMBER Trustee or director | 1 | $0 |
| EDWIN POSTON | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 40 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL ULKU-STEINER | EX OFFICIO DURHAM ACADEMY HEAD OF SCHOOL Officer | 40 | $759,726 | $33,792 |
| KRISTEN KLEIN | ASSOCIATE HEAD OF SCHOOL Officer | 40 | $214,703 | $21,488 |
| VICTORIA MURADI | DIRECTOR OF STRATEGIC INIT Key employee | 40 | $186,813 | $21,537 |
| JONATHAN M MEREDITH | DIRECTOR OF MIDDLE SCHOOL Key employee | 40 | $171,914 | $22,228 |
| LANIS WILSON | DIRECTOR OF UPPER SCHOOL Key employee | 40 | $166,490 | $20,662 |
| MICHAEL SMITH | DIRECTOR OF FACILITIES SER Key employee | 40 | $164,535 | $20,516 |
| GERALD BENSON | DIRECTOR OF BUSINESS SERVICES Key employee | 40 | $167,280 | $16,360 |
| CAROLINE RONCO | DIRECTOR OF LOWER SCHOOL Key employee | 40 | $161,450 | $20,372 |
| KEMI NONEZ | DIRECTOR OF ENROLLMENT MAN Key employee | 40 | $155,654 | $19,870 |
| CHRIS FARR | DIRECTOR OF PHILANTHROPY Highest-paid employee | 40 | $153,750 | $5,125 |
| TREVOR HOYT | DIRECTOR OF TECHNOLOGY Highest-paid employee | 40 | $133,801 | $20,803 |
| ANDREW POGACH | DIRECTOR OF ATHLETICS Highest-paid employee | 40 | $131,805 | $17,436 |
| JASON MUNDY | DIRECTOR OF DIVERSITY,EQUITY, INCLUSION Highest-paid employee | 40 | $128,262 | $14,001 |
| KARL SCHAEFER | MS STEAM TEACHER Highest-paid employee | 40 | $126,203 | $9,465 |
| ADAM BRAUDE | CHIEF FINANCIAL OPERATIONS OFFICER Officer | 40 | $126,392 | $5,358 |
| MEREDITH HOWELL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| EDWIN POSTON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DAVID PETERS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JILL MOORE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DELORES MOORE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| RANDY GELBER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KATE KNUTSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| NINA KING | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ANNA WU | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SELENA KEEGAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JENNIFER BULLOCK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DAN GONZALEZ | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BRYAN BRANDER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ASHLEY FREEDMAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BEN EDWARDS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ANDY CRAWFORD | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| AARON CHATTERJI | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| HOBSON HOGAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PAUL CASEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BRYAN BATCH | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JAMIE SPATOLA | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| CHRISTIAN LUNDBLAD | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| MELISSA PFEIL | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| DEBBIE DIBBERT | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| ASHLEY YETMAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3130 PICKETT RD, DURHAM, NC 27705-6008
- Principal officer (990 for 2024)
- MICHAEL ULKU-STEINER, 3130 PICKETT ROAD, DURHAM, NC 27705
- Signed the 990
- MICHAEL ULKU-STEINER, HEAD OF SCHOOL
- Phone
- (919) 490-0193
- Website
- WWW.DA.ORG
- Return prepared by
- THOMAS JUDY & TUCKER PA
Mission
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.
Program accomplishments
- DURHAM ACADEMY PROVIDES SCHOOLING FOR PRE-SCHOOL THROUGH TWELFTH GRADE STUDENTS.Expenses $33,775,330 · grants $2,696,481 · revenue $42,602,932
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 56-0538019
- 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
- 1961
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B200)
- Assets (IRS master file)
- $124,206,074
- Income (IRS master file)
- $60,729,779
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $47,555,061 | $44,677,674 | $124,206,074 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $45,313,783 | $43,727,162 | $118,260,431 | XML |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $42,593,002 | $39,825,185 | $116,101,697 | IRS |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $40,893,092 | $36,185,687 | $112,409,131 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 56-0538019).
Questions about DURHAM ACADEMY INC
- What is the EIN of DURHAM ACADEMY INC?
- The employer identification number (EIN) of DURHAM ACADEMY INC is 56-0538019.
- Is DURHAM ACADEMY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1961.
- Are donations to DURHAM ACADEMY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DURHAM ACADEMY INC 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 DURHAM ACADEMY INC 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 DURHAM ACADEMY INC 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 DURHAM ACADEMY INC?
- The 990 for the year ended June 30, 2025 names MICHAEL ULKU-STEINER.
- Who are the officers and directors of DURHAM ACADEMY INC?
- The 990 for the year ended June 30, 2025 lists 34 people; 10 received compensation from the organization, the highest $485,773 (MICHAEL ULKU-STEINER, EX OFFICIO DURHAM ACADEMY).
- How much revenue does DURHAM ACADEMY INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $47,555,061, expenses of $44,677,674 and total assets of $124,206,074 at year end.
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