Civic Intelligence

Padre Pio Academy

990 • Fiscal year 2022 • EIN 16-1662224

Jul 01, 2021 to Jun 30, 2022 • Filed on Apr 19, 2023

12920 Madison AveLakewood, OH 44107-4940

(216) 571-0174

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

91st percentile

0.70x

Higher debt load relative to assets than 91% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

52nd percentile

0.03x

Higher debt load relative to revenue than 52% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

68th percentile

18%

Higher net margin than 68% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

17th percentile

-14%

Faster asset growth than 17% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

86th percentile

83%

Faster revenue growth than 86% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Down

$24,750

Down $3,933 (-14%) from 2021

Net Assets

Up

$7,436

Up $119,274 (+107%) from 2021

Liabilities

Down

$17,314

Down $123,207 (-88%) from 2021

Revenue

Up

$647,703

Up $292,923 (+83%) from 2021

Expenses

Up

$528,429

Up $135,068 (+34%) from 2021

Net Income

Up

$119,274

Up $157,855 (+409%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0-$500KAssets 2011: $1,233Liabilities 2011: $26,978Net Assets 2011: -$25,7452011Assets 2012: -$2,258Liabilities 2012: $24,7932012Assets 2013: -$4,399Liabilities 2013: $29,4692013Assets 2014: $394Liabilities 2014: $30,040Net Assets 2014: -$29,6462014Assets 2015: $54Liabilities 2015: $29,923Net Assets 2015: -$29,8692015Assets 2016: $4,634Liabilities 2016: $28,945Net Assets 2016: -$24,3112016Assets 2017: $8,441Liabilities 2017: $28,679Net Assets 2017: -$20,2382017Assets 2018: $194Liabilities 2018: $22,123Net Assets 2018: -$21,9292018Assets 2019: -$320Liabilities 2019: $23,059Net Assets 2019: -$23,3792019Assets 2020: $7,630Liabilities 2020: $87,314Net Assets 2020: -$79,6842020Assets 2021: $28,683Liabilities 2021: $140,521Net Assets 2021: -$111,8382021Assets 2022: $24,750Liabilities 2022: $17,314Net Assets 2022: $7,4362022Assets 2023: $756,936Liabilities 2023: $0Net Assets 2023: $756,9362023Assets 2024: $1,000,162Liabilities 2024: $1,928Net Assets 2024: $998,2342024

Highlighted filing

2022

Assets$24,750
Liabilities$17,314
Net Assets$7,436

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2011: $188,422Expenses 2011: $187,082Net Income 2011: $1,3402011Revenue 2012: $179,975Expenses 2012: $182,234Net Income 2012: -$2,2592012Revenue 2013: $178,460Expenses 2013: $183,248Net Income 2013: -$4,7882013Revenue 2014: $199,090Expenses 2014: $199,837Net Income 2014: -$7472014Revenue 2015: $238,625Expenses 2015: $237,719Net Income 2015: $9062015Revenue 2016: $265,298Expenses 2016: $258,626Net Income 2016: $6,6722016Revenue 2017: $259,660Expenses 2017: $252,703Net Income 2017: $6,9572017Revenue 2018: $316,234Expenses 2018: $298,791Net Income 2018: $17,4432018Revenue 2019: $316,954Expenses 2019: $317,236Net Income 2019: -$2822019Revenue 2020: $305,565Expenses 2020: $366,102Net Income 2020: -$60,5372020Revenue 2021: $354,780Expenses 2021: $393,361Net Income 2021: -$38,5812021Revenue 2022: $647,703Expenses 2022: $528,429Net Income 2022: $119,2742022Revenue 2023: $1,301,464Expenses 2023: $551,964Net Income 2023: $749,5002023Revenue 2024: $1,038,389Expenses 2024: $797,091Net Income 2024: $241,2982024

Highlighted filing

2022

Revenue$647,703
Expenses$528,429
Net Income$119,274
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Apr 19, 2023
Return Version
2021v4.1
Gross Receipts
$761,347
Mission and Program Overview

Mission

Classical religious day school

Classical religious day school for students K-12.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$28,278$20,385▼ $7,893
Rtn Earn Endowment Incm Other Fnds$-111,838$7,436▲ $119,274
Land, Buildings, and Equipment, Net$405$4,365▲ $3,960
Loans From Officers Directors$2,500$0▼ $2,500
Total Assets$28,683$24,750▼ $3,933
Liabilities
Mortgage Notes Payable Secured by Investment Property$138,021$17,314▼ $120,707
Total Liabilities$140,521$17,314▼ $123,207
Net Assets / Fund Balance
Total Net Assets Fund Balance$-111,838$7,436▲ $119,274
Total Liabilities and Net Assets / Fund Balance$28,683$24,750▼ $3,933

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,365$744$5,109
Land$0--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Nora PeraltaPresident
Daniel CoyneDirector
Mary Jo CoyneDirector
Patrick AndrewsHeadmaster and Director
Joan DonnellySecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$316,174
Program Service Revenue
$314,904
Investment Income
$0
Other Revenue
$16,625
All Other Contributions
$197,539
Change in Net Assets
$119,274

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded3$111,479Quote Price
Total Noncash Contributions3$111,479-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$382,885
Other Expenses$145,544
Total Fundraising Expense$2,130
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$346,563$0$0$346,563
Occupancy$36,204$4,259$2,130$42,593
All Other Expenses$19,320$7,533$0$26,853
Fees for Services Other$25,037$0$0$25,037
Payroll Taxes$21,810$0$0$21,810
Other Employee Benefits$14,512$0$0$14,512
Office Expenses$3,865$1,288$0$5,153
Interest$0$3,620$0$3,620
Other Expenses$2,142$0$0$2,142
Fees for Services Accounting$0$1,582$0$1,582
Depreciation Depletion$570$0$0$570
Advertising$200$0$0$200
Fees for Services Legal$0$115$0$115
Total Functional Expenses$498,891$27,408$2,130$528,429
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$18,790
Fundraising Direct Expenses$2,165
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Auction$18,790$18,790$2,165$16,625
Total Events$18,790$18,790$2,165$16,625
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Cathleen CoyneFamily relationshipTeaching servicesNo$25,625

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$2,500$0▼ $2,500
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Padre Pio Academy
EIN
16-1662224
Phone
2165710174
Address
12920 Madison Ave, Lakewood, OH 44107-4940

Signing Officer

Name
Nora Peralta
Title
President
Phone
2165710174
Signed
2023-04-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nora Peralta
Formed
2003
Legal Domicile
Oh
Voting Board Members
5
Independent Board Members
4
Employees
9
Volunteers
12

Preparer

Firm
David B McRee
Address
66 Boundary Blvd Apt 238, Rotonda West, FL 33947
Preparer
David B McRee CPA
Phone
7273147263
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The President reviews the Form 990 prepared by the CPA. A copy of the Form 990 is made available to any director or officer who requests to see it.

Pt XI

Line 9 Other Changes in Net Assets: Adjustment to beginning balance sheet accounts.

Pt VI, Line 2

Business or Family Relationship of Officers, Directors, etc.: Nora Peralta, President and Founder, and Joan Donnelly, Secretary: family relationship. Mary Jo Coyne, Director, and Daniel Coyne, Director and Founder: family relationship. Nora Peralta, Joan Donnelly and Elizabeth Kent, youth fitness specialist: family relationship. Daniel Coyne, Director, and Cathleen Coyne, teacher: family relationship.

Pt VI, Line 18

Explanation of Other Means Forms Available For Public Inspection: Documents are made available upon request.

Pt VI, Line 19

Other Organization Documents Publicly Available: Documents are made available upon request in consultation with professional counsel.

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IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt04365
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0744
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt05109
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04365
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0Racially Nondiscrimiatory Policy Publicized. Padre Pio Academy includes the nondiscriminatory statement on the written Admission policy given to all prospective students. The occasional mailed newsletters also include the statement. During registration and open house the admission document is included in all packets. The PioAcademy.org website contains the nondiscrimination statement at all times of the year.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1The Academy received a total of $118,635 in Payroll Protection Loans which have been forgiven.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Line 6b
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt02165
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Auction
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt018790
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt018790
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt018790
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt018790
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt016625
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt02165
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt02165
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0Cathleen Coyne
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Family relationship
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt025625
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Teaching services
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Cash flow
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt02500
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Patrick Andrews
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0Headmaster
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0false
IRS990ScheduleL/TotalBalanceDueAmt00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/Form8283ReceivedCnt00
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt03
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0Quote Price
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt0111479
IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0Donated shares of stock are received and sold by a brokerage firm on behalf of Padre Pio Academy.
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt I Line 32b
IRS990ScheduleM/ThirdPartiesUsedInd0true
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The President reviews the Form 990 prepared by the CPA. A copy of the Form 990 is made available to any director or officer who requests to see it.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Line 9 Other Changes in Net Assets: Adjustment to beginning balance sheet accounts.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Business or Family Relationship of Officers, Directors, etc.: Nora Peralta, President and Founder, and Joan Donnelly, Secretary: family relationship. Mary Jo Coyne, Director, and Daniel Coyne, Director and Founder: family relationship. Nora Peralta, Joan Donnelly and Elizabeth Kent, youth fitness specialist: family relationship. Daniel Coyne, Director, and Cathleen Coyne, teacher: family relationship.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Explanation of Other Means Forms Available For Public Inspection: Documents are made available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Other Organization Documents Publicly Available: Documents are made available upon request in consultation with professional counsel.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt XI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt028683
IRS990/TotalAssetsEOYAmt024750
IRS990/TotalAssetsGrp/BOYAmt028683
IRS990/TotalAssetsGrp/EOYAmt024750
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0316174
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt02130
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt027408
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0498891
IRS990/TotalFunctionalExpensesGrp/TotalAmt0528429
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0140521
IRS990/TotalLiabilitiesEOYAmt017314
IRS990/TotalLiabilitiesGrp/BOYAmt0140521
IRS990/TotalLiabilitiesGrp/EOYAmt017314
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-111838
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt07436
IRS990/TotalProgramServiceExpensesAmt0498891
IRS990/TotalProgramServiceRevenueAmt0314904
IRS990/TotalRevenueGrp/ExclusionAmt016625
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0314904
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0647703
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt012
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt028683
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt024750
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt012920 Madison Ave
IRS990/USAddress/CityNm0Lakewood
IRS990/USAddress/StateAbbreviationCd0OH

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.00$0.00$1.00$1.04$0.80$0.24
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.76$0.00$0.76$1.30$0.55$0.75
2022Detailed filing. Detailed filing data is available for this year.$0.02$0.02$0.01$0.65$0.53$0.12
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.03$0.14$0.11$0.35$0.39$0.04
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.01$0.09$0.08$0.31$0.37$0.06
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.02$0.02$0.32$0.32$0.00
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.02$0.02$0.32$0.30$0.02
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.01$0.03$0.02$0.26$0.25$0.01
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.03$0.02$0.27$0.26$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.00$0.03$0.03$0.24$0.24$0.00
2014Summary only. Only limited summary data is available for this year.$0.00$0.03$0.03$0.20$0.20$0.00
2013Summary only. Only limited summary data is available for this year.$0.00$0.03$0.18$0.18$0.00
2012Summary only. Only limited summary data is available for this year.$0.00$0.02$0.18$0.18$0.00
2011Summary only. Only limited summary data is available for this year.$0.00$0.03$0.03$0.19$0.19$0.00