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West Virginia · Nonprofit

DAVIS & ELKINS COLLEGE

DAVIS & ELKINS COLLEGE (West Virginia) receives grants from 66 organizations whose IRS filings report $42,687,197 to it, the largest being MAC FIVE FOUNDATION INC ($11,750,000). 45 of them have funded it in more than one year.

Revenue FY2025
$37M
Funders on record
66
Grants received
$43M
Net assets
$125M
45/66 repeat funderspeak grant-dependency 34%
01What it does

What Davis & Elkins College does

Mission

To prepare and inspire students for success and for thoughtful engagement in the world.

As stated on its FY2025 Form 990.

Program

  1. Education - provide higher education to students.

    $35,342,493 spentof which $14,006,291 as grants$28,167,929 earned by the program
    100% of program spending

The program described on its FY2024 Form 990. Program spending in total: $35,342,493.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($34M) Expenses 100 ($32M) Net assets 100 ($72M)2018 Revenue 117 ($39M) Expenses 109 ($35M) Net assets 107 ($77M)2019 Revenue 98 ($33M) Expenses 108 ($35M) Net assets 109 ($78M)2020 Revenue 116 ($39M) Expenses 110 ($35M) Net assets 113 ($81M)2021 Revenue 156 ($53M) Expenses 103 ($33M) Net assets 154 ($111M)2022 Revenue 102 ($34M) Expenses 107 ($35M) Net assets 139 ($100M)2023 Revenue 165 ($55M) Expenses 115 ($37M) Net assets 168 ($121M)2024 Revenue 113 ($38M) Expenses 121 ($39M) Net assets 175 ($126M)2025 Revenue 110 ($37M) Expenses 125 ($40M) Net assets 174 ($125M)
'17'18'19'20'21'22'23'24'25
Revenue (110)Expenses (125)Net assets (174)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $85M to $114M (+34%).

$75M
$80M
$82M
$85M
$114M
$104M
$125M
$130M
$131M
'17'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2017 4% · 2018 4% · 2019 5% · 2020 9% · 2021 7% · 2022 14% · 2023 5% · 2024 8% · 2025 0%. Grants only. Government contracts and fees sit inside program revenue.

14% of DAVIS & ELKINS COLLEGE’s revenue is contributions — about as donation-reliant as the typical peer (23% for the typical peer).

This organization
Typical peer · 4,251 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 4 of the last 9 reported years ran a deficit.

$1.3M
’17
$4.1M
’18
−$2.0M
’19
$3.6M
’20
$19M
’21
−$241k
’22
$18M
’23
−$1.2M
’24
−$3.3M
’25
0.6
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Board chair

Mr David E Cutlip

Board chair

As listed on its FY2025 Form 990.

'17'18'19'20'21'22'23'24'25
Listed283130333231313429
Joined·+9+6+5+3+2+2+10+2
No longer listed·67243277
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 10 funders to 31 funders, grant income rose $111k → $8.7M.

14 of 66 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 35% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of DAVIS & ELKINS COLLEGE’s funders (the co-funder graph). Top 30 of 66 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

DAVIS & ELKINS COLLEGE leans on a few funders — its largest provides 28% of grant income and the top three 73%; half comes from just 2 funders.

the vertical line marks half of all grant income — 2 funders to its left

37% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund DAVIS & ELKINS COLLEGE.

28%
largest funder
73%
top three
~5
effective funders

Largest funder’s share by year: 2017 26% · 2018 63% · 2019 90% · 2020 87% · 2021 75% · 2022 37% · 2023 49% — growing more concentrated.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

55% of DAVIS & ELKINS COLLEGE's funders are still giving 3 years after their first grant; 68% give in more than one year at all.

first grant+1y+2y+3y+4y+5y+6y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

DAVIS & ELKINS COLLEGE draws 64% of its grant income from funders outside West Virginia, across 19 states in all.

WA
IL
NY
MA
IN
OH
PA
NJ
CT
CO
MO
WV
MD
NC
SC
DC
MS
TX
FL

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
West Virginia out of state home

Funder states come from each funder’s own filing. $15M arriving through sponsors registered in 10 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

DAVIS & ELKINS COLLEGE's funding base is broadening — from 10 funders to 31 as grant income climbed.

Operating margin−9% · bottom quartile
Months of reserve0.6mo · bottom quartile
Revenue growth (annualized)1% · bottom quartile

this organization peer median middle 50% of peers· 3,758 education nonprofits $10M–$100M, FY2025

Government funding DAVIS & ELKINS COLLEGE receives

Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $17.0M on record.

Federal$17.0M
grants $17.0Mcontracts $6k
17
18
19
20
21
22
23
24
25
Top agencies
  • Department of Education$16.8M
  • National Endowment for the Arts$180k
  • Department of Agriculture$16k

Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.

Organizations like DAVIS & ELKINS COLLEGE

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In West Virginia

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

88% of spending goes to programs.

Program 88%Management 10%Fundraising 2%

Governance

24
board members
96%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention–Board reviewed the 990✓Audited financials

Screen this organization

A dated, signed PDF of the compliance screen for DAVIS & ELKINS COLLEGE: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds DAVIS & ELKINS COLLEGE?
DAVIS & ELKINS COLLEGE (West Virginia) receives grants from 66 organizations whose IRS filings report $42,687,197 to it, the largest being MAC FIVE FOUNDATION INC ($11,750,000). 45 of them have funded it in more than one year.
How many funders does DAVIS & ELKINS COLLEGE have?
IRS filings report 66 organizations giving $42,687,197 in grants to DAVIS & ELKINS COLLEGE, 45 of which have funded it in more than one year.
Who is the largest funder of DAVIS & ELKINS COLLEGE?
MAC FIVE FOUNDATION INC is the largest funder on record, with $11,750,000 in grants. The full list of funders is on this page.
How can an organization like DAVIS & ELKINS COLLEGE find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in West Virginia. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Davis & Elkins College →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 66 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing