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North Carolina · Nonprofit

FORSYTH COUNTRY DAY SCHOOL INC

FORSYTH COUNTRY DAY SCHOOL INC (North Carolina) receives grants from 33 organizations whose IRS filings report $4,736,726 to it, the largest being MART FOUNDATION ($2,000,000). 24 of them have funded it in more than one year.

Revenue FY2025
$28M
Funders on record
33
Grants received
$4.7M
Net assets
$28M
24/33 repeat funderspeak grant-dependency 4%
01What it does

What Forsyth Country Day School Inc does

Mission

Forsyth Country Day School is a private, college preparatory independent school for preschool through high school. Students benefit from a challenging academic curriculum, fine and performing arts, competitive athletics, and a wide selection of extracurricular activities. Forsyth Country Day School is a Community of Learners Dedicated to Preparing Our Students for What's Ahead. Our community is grounded in five core values: Curiosity, compassion, integrity, respect and responsibility.

As stated on its FY2025 Form 990.

Programs

  1. Providing traditional college preparatory education to approximately 900 students starting at preschool through grade twelve

    $21,484,202 spentof which $2,817,985 as grants$25,103,080 earned by the program
    100% of program spending
  2. Other program services, not described on the e-filed return.

    $0 spent
    0% of program spending

The 2 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $21,484,202.

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 ($16M) Expenses 100 ($16M) Net assets 100 ($10M)2018 Revenue 105 ($17M) Expenses 109 ($17M) Net assets 102 ($10M)2019 Revenue 106 ($17M) Expenses 115 ($18M) Net assets 93 ($9.5M)2020 Revenue 116 ($19M) Expenses 118 ($19M) Net assets 93 ($9.5M)2021 Revenue 151 ($25M) Expenses 129 ($20M) Net assets 153 ($16M)2022 Revenue 163 ($27M) Expenses 140 ($22M) Net assets 172 ($18M)2023 Revenue 157 ($26M) Expenses 148 ($23M) Net assets 206 ($21M)2024 Revenue 164 ($27M) Expenses 159 ($25M) Net assets 243 ($25M)2025 Revenue 169 ($28M) Expenses 163 ($26M) Net assets 269 ($28M)
'17'18'19'20'21'22'23'24'25
Revenue (169)Expenses (163)Net assets (269)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 $33M to $38M (+14%).

$33M
$32M
$32M
$33M
$38M
$40M
$44M
$47M
$47M
'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 0% · 2018 0% · 2019 0% · 2020 0% · 2021 9% · 2022 2% · 2023 0% · 2024 0% · 2025 0%. Grants only. Government contracts and fees sit inside program revenue.

6% of FORSYTH COUNTRY DAY SCHOOL INC’s revenue is contributions — more earned-revenue than three-quarters of its peers (23% for the typical peer).

This organization
Typical peer · 4,254 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 9 reported years ran a deficit.

$628k
’17
$53k
’18
−$820k
’19
$442k
’20
$4.4M
’21
$4.7M
’22
$2.4M
’23
$1.9M
’24
$2.0M
’25
3.5
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

Laura Dugan

Trustee, Chair

As listed on its FY2025 Form 990.

'17'18'19'20'21'22'23'24'25
Listed242324232427262930
Joined·+3+5+4+5+11+2+5+2
No longer listed·44548321
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 7 funders to 15 funders, grant income rose $62k → $957k.

14 of 33 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 46% 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 FORSYTH COUNTRY DAY SCHOOL INC’s funders (the co-funder graph). Top 30 of 33 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

FORSYTH COUNTRY DAY SCHOOL INC leans on a few funders — its largest provides 42% of grant income and the top three 74%; half comes from just 2 funders.

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

46% 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 FORSYTH COUNTRY DAY SCHOOL INC.

42%
largest funder
74%
top three
~4
effective funders

Largest funder’s share by year: 2017 30% · 2018 28% · 2019 45% · 2020 46% · 2021 59% · 2022 41% · 2023 52% — 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

59% of FORSYTH COUNTRY DAY SCHOOL INC's funders are still giving 3 years after their first grant; 73% 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

FORSYTH COUNTRY DAY SCHOOL INC draws 84% of its grant income from funders outside North Carolina, across 5 states in all.

IL
MA
VA
NC
FL

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

’17
’18
’19
’20
’21
’22
’23
North Carolina out of state home

Funder states come from each funder’s own filing. $2.2M arriving through sponsors registered in 13 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

FORSYTH COUNTRY DAY SCHOOL INC runs a healthier operating margin than half of the 3,794 education nonprofits its size.

Operating margin7% · above the median
Months of reserve3.5mo · above the median
Revenue growth (annualized)7% · below the median

this organization peer median middle 50% of peers· 3,794 education nonprofits $10M–$100M, FY2025

Organizations like FORSYTH COUNTRY DAY SCHOOL INC

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 North Carolina

Nationally

05Profile & governance

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

Where the money goes

83% of spending goes to programs.

Program 83%Management 14%Fundraising 3%

Governance

21
board members
100%
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 FORSYTH COUNTRY DAY SCHOOL INC: 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.

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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 FORSYTH COUNTRY DAY SCHOOL INC?
FORSYTH COUNTRY DAY SCHOOL INC (North Carolina) receives grants from 33 organizations whose IRS filings report $4,736,726 to it, the largest being MART FOUNDATION ($2,000,000). 24 of them have funded it in more than one year.
How many funders does FORSYTH COUNTRY DAY SCHOOL INC have?
IRS filings report 33 organizations giving $4,736,726 in grants to FORSYTH COUNTRY DAY SCHOOL INC, 24 of which have funded it in more than one year.
Who is the largest funder of FORSYTH COUNTRY DAY SCHOOL INC?
MART FOUNDATION is the largest funder on record, with $2,000,000 in grants. The full list of funders is on this page.
How can an organization like FORSYTH COUNTRY DAY SCHOOL INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in North Carolina. 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 Forsyth Country Day School →

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 33 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 22, 2026. What this page cannot tell you · view filing