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Gaston Day School

Gastonia, NC · EIN 56-6076613 · 501(c)(3) · School
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

Gaston Day School reported $12.2 million in revenue and $11.9 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $70.16 went to program services, $29.27 to management and general costs and $0.57 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 86.4% of the total. The highest compensation it reported for one person was $248,210 (HEAD OF SCHO). 5 people received more than $100,000 in reportable compensation. Revenue rose 20% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $12M

For context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $12M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 5,499 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
70.2%84.4%
Management & general
Part IX 25(C) ÷ 25(A)
29.3%13.4%
Fundraising
Part IX 25(D) ÷ 25(A)
0.6%0.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.08$0.04
Contributions & grants share of revenue
Part VIII 1h ÷ 12
7.2%19.1%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%1.1%
Program service revenue share
Part VIII 2g ÷ 12
86.4%69.9%
Highest reported compensation
Part VII-A, columns D–F
$248,210$331,578
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
2.09%1.28%
People paid over $100,000
Part VII, line 2
58
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
35.413.3
Independent voting board members
Part VI 1a–1b
12 of 12100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense
$8.3M expenses · 100.0% of program spending · grants $1.8M · revenue $11M

Gaston Day School, inc. (gds) is a nonsectarian, college-preparatory school for grades preschool through 12 with over 500 students. Academic excellence is the school's hallmark: the elementary and middle school score in the top half of the nation's independent schools on standardized tests; sat scores on critical reading and math are constantly gaston county's highest; and our ap test pass rate is over 80%. With general academic excellence in all upper school subjects, the writing and fine arts programs regularly win regional and national awards. Athletics and the fine arts remain integral to…

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
HEAD OF SCHO
Officer, 50.00 hrs/week
$230,000$0$18,210$248,210
DIRECTOR OF
Key employee, 50.00 hrs/week
$155,000$0$16,210$171,210

5 people received more than $100,000 in reportable compensation from Gaston Day School (Part VII, line 2). Compensation of current officers, directors and key employees totaled $734K (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$10M$20M$30M$40MFY2020FY2021FY2022FY2023FY2024FY2025$12M$12M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$12M$12M70.2%$35M$248,210
FY2024 ⓘ$20M$11M72.8%$34M$152,718
FY2023 ⓘ$9.6M$10M70.6%$24M$232,575
FY2022 ⓘ$10M$10M68.5%$24M$245,036
FY2021 ⓘ$11M$10M73.0%$25M$213,519
FY2020 ⓘ$10M$9.6M75.4%$24M$199,630

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b12 · 12 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aNo
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 5182
  • Volunteers Part I, line 6170

Private foundation grants it received

5 private foundations reported grants to Gaston Day School totaling $19,804 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Gaston Day School's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Gaston Day School, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All education charities · Largest charities in North Carolina

Questions people ask

How much of Gaston Day School's spending goes to programs?

In the fiscal year ending June 30, 2025, Gaston Day School reported that 70.2% of its $11.9 million in expenses went to program services, 29.3% to management and general and 0.6% to fundraising (Form 990, Part IX).

How much does Gaston Day School pay its top executive?

The largest total compensation Gaston Day School reported for one person in the fiscal year ending June 30, 2025 was $248,210, for the role of HEAD OF SCHO (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Gaston Day School get its money?

Of $12.2 million in revenue in the fiscal year ending June 30, 2025, 7.2% came from contributions and grants and 86.4% from program service revenue (Form 990, Part VIII).

Is Gaston Day School a registered charity?

The IRS lists EIN 56-6076613 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202621279349302087 · read the filing · XML
  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202510489349300406 · read the filing
  • FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202421289349301707 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202341329349304194 · read the filing
  • FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202211299349300221 · read the filing
  • FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202111139349300636 · read the filing

All filings for EIN 56-6076613: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.