Academic Excellence
Delivering high-quality educational programs to develop knowledge and skills.
Independent day school inspiring students through academic excellence
About Organization
Based in Durham, NC, Durham Academy is an independent, coeducational day school serving students from pre-kindergarten through 12th grade with a commitment to academic excellence, character development, and global citizenship. The academy generates $45.3 million in annual revenue while providing rigorous college preparatory education in a supportive community environment.
Academic Excellence
Delivering high-quality educational programs to develop knowledge and skills.
Student Success
Supporting learners through comprehensive services and individualized assistance.
Innovation
Advancing educational methods through research and technology integration.
Form 990 data showing organizational financial health and growth.
Revenue (2023)
$45.3M
+0% vs 2023
Assets (2023)
$118.3M
+0% vs 2023
| Year | Revenue | Expenses | Assets | Employees |
|---|---|---|---|---|
| 2023 | — | — | — | — |
| 2023 | $45,313,783 | $43,727,162 | $118,260,431 | 622 |
| 2021 | — | — | — | — |
| 2021 | $40,893,092 | $36,185,687 | $112,409,131 | 590 |
| 2020 | — | — | — | — |
| 2020 | $38,768,231 | $34,739,105 | $115,235,784 | 504 |
| 2019 | $40,988,870 | $33,983,779 | $98,742,935 | 525 |
| 2018 | $44,370,418 | $33,132,390 | $92,328,113 | 480 |
| 2017 | $31,294,235 | $28,855,439 | $69,800,669 | 454 |
Source: IRS Form 990 filings. All figures in USD.
Identify educational gaps through community consultation and data analysis.
Develop evidence-based curricula tailored to participant needs and learning goals.
Deliver educational programs with qualified instructors and support resources.
Evaluate outcomes and program effectiveness to inform continuous improvement.
Services and programs offered by Durham Academy Inc
Grant-funded initiative supporting organizational mission and community needs.
Grant-funded initiative supporting organizational mission and community needs.
Grant-funded initiative supporting organizational mission and community needs.
Grant-funded initiative supporting organizational mission and community needs.
Grant-funded initiative supporting organizational mission and community needs.
Meet the people behind Durham Academy Inc.
1961
1961
Durham Academy Inc was established to address community needs and advance its mission.
1969
1969
Strengthened governance with expanded board and executive team.
2020
2020
Significant growth in organizational capacity and service delivery.
2023
2023
Demonstrated effectiveness through measurable program outcomes.
Board members, advisors, and key contributors
Information compiled from IRS Form 990 and organizational materials.
Top compensated officers & key employees from IRS Form 990
Total Reported (2023)
$3.2M
Highest Paid
$794K
Michael Ulku-Steiner
Compensated Officers
15
| Name | Title | Base | Other | Total | Hrs/Wk |
|---|---|---|---|---|---|
| Michael Ulku-Steiner | Ex Officio Durham Academy Head Of School | $759,726 | $33,792 | $793,518 | 40 |
| Kristen Klein | Associate Head Of School | $214,703 | $21,488 | $236,191 | 40 |
| Victoria Muradi | Director Of Strategic Init | $186,813 | $21,537 | $208,350 | 40 |
| Jonathan M Meredith | Director Of Middle School | $171,914 | $22,228 | $194,142 | 40 |
| Lanis Wilson | Director Of Upper School | $166,490 | $20,662 | $187,152 | 40 |
| Michael Smith | Director Of Facilities Ser | $164,535 | $20,516 | $185,051 | 40 |
| Gerald Benson | Director Of Business Services | $167,280 | $16,360 | $183,640 | 40 |
| Caroline Ronco | Director Of Lower School | $161,450 | $20,372 | $181,822 | 40 |
| Kemi Nonez | Director Of Enrollment Man | $155,654 | $19,870 | $175,524 | 40 |
| Chris Farr | Director Of Philanthropy | $153,750 | $5,125 | $158,875 | 40 |
| Trevor Hoyt | Director Of Technology | $133,801 | $20,803 | $154,604 | 40 |
| Andrew Pogach | Director Of Athletics | $131,805 | $17,436 | $149,241 | 40 |
| Jason Mundy | Director Of Diversity,Equity, Inclusion | $128,262 | $14,001 | $142,263 | 40 |
| Karl Schaefer | MS Steam Teacher | $126,203 | $9,465 | $135,668 | 40 |
| Adam Braude | Chief Financial Operations Officer | $126,392 | $5,358 | $131,750 | 40 |
| Name | Title | Base | Other | Total | Hrs/Wk |
|---|---|---|---|---|---|
| Gerald D Benson | Director Of Business Servi | $552,910 | $6,958 | $559,868 | 40 |
| Michael Ulku-Steiner | Head Of School | $408,308 | $97,388 | $505,696 | 40 |
| Victoria Muradi | Director Of Enrollment Man | $174,863 | $61,808 | $236,671 | 40 |
| Jonathan M Meredith | Director Of Middle School | $169,125 | $39,365 | $208,490 | 40 |
| Kristen Klein | Assistant Head Of School | $184,958 | $10,339 | $195,297 | 40 |
| Michelle Morgan | Director Of Philanthropy | $173,500 | $17,474 | $190,974 | 40 |
| Carolyn Ronco | Director Of Lower School | $149,723 | $8,456 | $158,179 | 40 |
| Lanis Wilson | Director Of Upper School | $149,598 | $8,455 | $158,053 | 40 |
| Michael Smith | Director Of Facilities | $147,290 | $8,329 | $155,619 | 40 |
| Trevor Hoyt | Director Of Technology | $132,995 | $10,231 | $143,226 | 40 |
| Kemi Nonez | Director Of Preschool | $125,740 | $8,372 | $134,112 | 40 |
| Name | Title | Base | Other | Total | Hrs/Wk |
|---|---|---|---|---|---|
| Michael Ulku-Steiner | Head Of School | $409,516 | $105,018 | $514,534 | 40 |
| Gerald D Benson | Director Of Business Servi | $300,010 | $39,879 | $339,889 | 40 |
| Jonathan M Meredith | Director Of Middle School | $150,953 | $74,723 | $225,676 | 40 |
| Kristen Klein | Assistant Head Of School | $169,179 | $16,580 | $185,759 | 40 |
| Victoria Muradi | Director Of Enrollment Management | $143,851 | $40,397 | $184,248 | 40 |
| Michelle Morgan | Director Of Philanthropy | $154,642 | — | $154,642 | 40 |
| Carolyn Ronco | Director Of Lower School | $141,222 | $8,327 | $149,549 | 40 |
| Michael Smith | Director Of Facilities | $140,779 | $8,327 | $149,106 | 40 |
| Lanis Wilson | Director Of Upper School | $139,841 | $8,327 | $148,168 | 40 |
| Kemi Nonez | Director Of Diversity | $123,652 | $8,327 | $131,979 | 40 |
| Name | Title | Base | Other | Total | Hrs/Wk |
|---|---|---|---|---|---|
| Michael Ulku-Steiner | Head Of School | $382,844 | $36,803 | $419,647 | 40 |
| Gerald D Benson | Director Of Business Servi | $299,120 | $21,233 | $320,353 | 40 |
| Jonathan M Meredith | Director Of Middle School | $158,472 | $65,156 | $223,628 | 40 |
| Victoria Muradi | Director Of Admissions And | $145,133 | $55,728 | $200,861 | 40 |
| Kristen Klein | Assistant Head Of School | $168,995 | $17,847 | $186,842 | 40 |
| Michael Smith | Director Of Facilities | $137,285 | $16,919 | $154,204 | 40 |
| Lanis Wilson | Director Of Upper School | $135,605 | $17,807 | $153,412 | 40 |
| Carolyn Ronco | Director Of Lower School | $132,478 | $17,572 | $150,050 | 40 |
| Kemi Nonez | Director Of Diversity | $114,625 | $14,515 | $129,140 | 40 |
| Name | Title | Base | Other | Total | Hrs/Wk |
|---|---|---|---|---|---|
| Michael Ulku-Steiner | Head Of School | $358,519 | $55,392 | $413,911 | 40 |
| Gerald D Benson | Director Of Business Servi | $281,998 | $18,700 | $300,698 | 40 |
| Leslie B Holdsworth | Former Director Of Advancement | $161,559 | $70,666 | $232,225 | 40 |
| Daniel R Gilson | Director Of Extended Day A | $132,364 | $76,961 | $209,325 | 40 |
| Jonathan M Meredith | Director Of Middle School | $140,636 | $64,354 | $204,990 | 40 |
| Victoria Muradi | Director Of Admissions And | $149,225 | $41,810 | $191,035 | 40 |
| Michael Smith | Director Of Facilities | $132,372 | $15,732 | $148,104 | 40 |
| Lanis Wilson | Director Of Upper School | $129,879 | $16,715 | $146,594 | 40 |
Source: IRS Form 990 filings. Compensation includes base and other reported compensation.
Economic Injury Disaster Loan Program (2020-2021)
Total Borrowed
$8K
Subsidy Cost
$1K
14% of loan
Loan Count
2
TO PROVIDE LOANS TO RESTORE AS NEARLY AS POSSIBLE THE VICTIMS OF ECONOMIC INJURY TYPE DISASTERS TO PRE-DISASTER CONDITIONS
TO PROVIDE LOANS TO RESTORE AS NEARLY AS POSSIBLE THE VICTIMS OF ECONOMIC INJURY TYPE DISASTERS TO PRE-DISASTER CONDITIONS
Source: Small Business Administration • Economic Injury Disaster Loan Program (2020-2021)
Grant funding relationships from IRS Form 990 filings
Source: IRS Form 990 Schedule I filings. Amounts may span multiple tax years.