Civic Intelligence

The Meadowbrook School

990 • Fiscal year 2020 • EIN 23-1352659

Jul 01, 2019 to Jun 30, 2020 • Filed on Apr 20, 2021

1641 Hampton RoadMeadowbrook, PA 19046

(215) 884-3238

Siviq Scores

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

Liabilities / Assets

97th percentile

1.64x

Higher debt load relative to assets than 97% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

81st percentile

0.68x

Higher debt load relative to revenue than 81% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

58th percentile

9.7%

Higher net margin than 58% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

80th percentile

$132,323

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 3.7% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

78th percentile

29%

Faster asset growth than 78% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

63rd percentile

8.5%

Faster revenue growth than 63% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$1,500,868

Up $340,178 (+29%) from 2019

Net Assets

Up

-$963,259

Up $348,380 (+27%) from 2019

Liabilities

Down

$2,464,127

Down $8,202 (-0.3%) from 2019

Revenue

Up

$3,624,698

Up $283,333 (+8.5%) from 2019

Expenses

Up

$3,273,985

Up $21,716 (+0.7%) from 2019

Net Income

Up

$350,713

Up $261,617 (+294%) from 2019

Historical Trend

Balance Sheet Trend

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

$4.0M$2.0M$0-$2.0MAssets 2010: $1,539,809Liabilities 2010: $3,166,032Net Assets 2010: -$1,626,2232010Assets 2011: $1,564,817Liabilities 2011: $3,388,159Net Assets 2011: -$1,823,3422011Assets 2012: $1,494,980Liabilities 2012: $3,450,117Net Assets 2012: -$1,955,1372012Assets 2013: $1,380,619Liabilities 2013: $3,263,877Net Assets 2013: -$1,883,2582013Assets 2014: $1,354,922Liabilities 2014: $3,075,469Net Assets 2014: -$1,720,5472014Assets 2015: $1,664,886Liabilities 2015: $2,826,245Net Assets 2015: -$1,161,3592015Assets 2016: $1,493,454Liabilities 2016: $2,793,453Net Assets 2016: -$1,299,9992016Assets 2017: $1,324,357Liabilities 2017: $2,715,839Net Assets 2017: -$1,391,4822017Assets 2018: $1,299,125Liabilities 2018: $2,702,951Net Assets 2018: -$1,403,8262018Assets 2019: $1,160,690Liabilities 2019: $2,472,329Net Assets 2019: -$1,311,6392019Assets 2020: $1,500,868Liabilities 2020: $2,464,127Net Assets 2020: -$963,2592020Assets 2021: $2,015,283Liabilities 2021: $2,846,767Net Assets 2021: -$831,4842021Assets 2022: $2,347,092Liabilities 2022: $2,399,585Net Assets 2022: -$52,4932022Assets 2023: $2,673,932Liabilities 2023: $2,302,811Net Assets 2023: $371,1212023Assets 2024: $2,557,580Liabilities 2024: $2,267,381Net Assets 2024: $290,1992024

Highlighted filing

2020

Assets$1,500,868
Liabilities$2,464,127
Net Assets-$963,259

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $3,177,0332010Expenses 2011: $2,945,7572011Expenses 2012: $2,771,2612012Expenses 2013: $2,734,3322013Revenue 2014: $2,923,373Expenses 2014: $2,791,872Net Income 2014: $131,5012014Revenue 2015: $3,237,222Expenses 2015: $2,678,034Net Income 2015: $559,1882015Revenue 2016: $2,947,093Expenses 2016: $3,083,886Net Income 2016: -$136,7932016Revenue 2017: $2,594,307Expenses 2017: $2,696,042Net Income 2017: -$101,7352017Revenue 2018: $2,959,430Expenses 2018: $2,980,236Net Income 2018: -$20,8062018Revenue 2019: $3,341,365Expenses 2019: $3,252,269Net Income 2019: $89,0962019Revenue 2020: $3,624,698Expenses 2020: $3,273,985Net Income 2020: $350,7132020Revenue 2021: $3,238,679Expenses 2021: $3,144,953Net Income 2021: $93,7262021Revenue 2022: $4,345,256Expenses 2022: $3,531,570Net Income 2022: $813,6862022Revenue 2023: $4,459,331Expenses 2023: $4,079,944Net Income 2023: $379,3872023Revenue 2024: $3,830,430Expenses 2024: $3,993,184Net Income 2024: -$162,7542024

Highlighted filing

2020

Revenue$3,624,698
Expenses$3,273,985
Net Income$350,713
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Apr 20, 2021
Return Version
2019v5.0
Gross Receipts
$3,656,441
Mission and Program Overview

Mission

The mission of the meadowbrook school is to bring life to learning for elementary-aged children in a nurturing, fun, and collaborative environment. Our philosophy is to use our diverse, cohesive community to prepare our students for their next steps by cultivating intellectual, social, emotional, and physical growth. Our interwoven approach to curriculum fosters confident, compassionate, and creative learners.

To educate students from pre-kindergarten through grade 6.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$821,326$811,542▼ $9,784
Cash and Non-Interest-Bearing Accounts$28,991$303,343▲ $274,352
Accounts Receivable$135,011$227,782▲ $92,771
Investments in Publicly Traded Securities$118,572$119,153▲ $581
Prepaid Expenses and Deferred Charges$46,137$21,245▼ $24,892
Savings and Temporary Cash Investments$10,653$17,803▲ $7,150
Loans From Officers Directors$1,197--
Total Assets$1,160,690$1,500,868▲ $340,178
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,862,706$1,838,767▼ $23,939
Deferred Revenue$90,680$380,270▲ $289,590
Accounts Payable and Accrued Expenses$517,746$245,090▼ $272,656
Total Liabilities$2,472,329$2,464,127▼ $8,202
Net Assets / Fund Balance
Net Assets With Donor Restrictions$260,080$191,800▼ $68,280
Net Assets Without Donor Restrictions$-1,571,719$-1,155,059▲ $416,660
Total Net Assets Fund Balance$-1,311,639$-963,259▲ $348,380
Total Liabilities and Net Assets / Fund Balance$1,160,690$1,500,868▲ $340,178

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$676,047$2,275,121$2,951,168
Equipment$135,495$904,385$1,039,880
Other Land Buildings-$42,684$42,684

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$118,572$7,488▲ $663$-7,570$119,153
2018$112,502$7,517▲ $5,960$-7,407$118,572
2017$101,748-▲ $10,754-$112,502
2016$89,407-▲ $12,341-$101,748
2015$63,562$25,909▼ $64-$89,407
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael ReardonHeadmasterFT$103,690$28,633$132,323

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$894,650
Program Service Revenue
$2,474,040
Investment Income
$2,938
Other Revenue
$253,070
All Other Contributions
$578,555
Change in Net Assets
$350,713

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,656,441
Revenue Not Reported on Financial Statements
$-31,743
Revenue Not Reported on Form 990
$-620,593
Other Revenue Adjustments
$-31,743
Total Revenue per Audited Statements
$3,035,848
Total Revenue per Form 990
$3,624,698
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,819,587
Other Expenses$836,138
Grants and Similar Amounts Paid$618,260
Total Fundraising Expense$47,292
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$794,225$243,425-$1,037,650
Grants to Domestic Individuals$618,260--$618,260
Other Employee Benefits$479,893$88,290-$568,183
Current Officers, Directors, Trustees, and Key Employees$119,994$5,138-$125,132
Occupancy$6,532$99,880-$106,412
Interest$101,936--$101,936
Payroll Taxes$70,643$17,979-$88,622
Fees for Services Other$16,273$68,923-$85,196
Depreciation Depletion$79,919--$79,919
All Other Expenses$37,548$8,031-$45,579
Conferences and Meetings$43,683--$43,683
Information Technology$31,203$1,275-$32,478
Other Expenses$139,179$31,082$47,292$31,082
Office Expenses$10,100$19,959-$30,059
Fees for Services Accounting-$28,630-$28,630
Advertising-$16,262-$16,262
Insurance-$7,569-$7,569
Total Functional Expenses$2,549,388$677,305$47,292$3,273,985

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,273,985
Total Expenses per Audited Statements$2,687,468
Expenses per Audited Statements$2,655,725
Expenses Not Reported on Financial Statements$618,260
Other Expense Adjustments$618,260
Expenses Not Reported on Form 990$31,743
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$143,583
Fundraising Direct Expenses$30,818
Gaming Gross Income$8,874
Gaming Direct Expenses$925
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Auction$132,763$132,763$681$132,082
Golf Outing$46,915$10,820$937$9,883
Total Events$179,678$143,583$30,818$112,765
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$1,197--
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The independent accounting manager performs an initial review of the form 990. The board of directors will then receive a copy of the return for comment ad review before the return is filled with the irs.

Form 990, Page 6, Part VI, Line 12C

Directors, officers and key employees are required to sign an annual conflict of interest statement. Should a conflict exist, or appear to exist, the interested party has a responsibility to inform the board of trustees of the conflict. The executive committee of the board acts as a monitor to enforce the conflict of interest policy. The party will refrain from any discussion or vote related to the conflict. Business and familial relationships are expressly mentioned the conflict of interest statement.

Form 990, Page 6, Part VI, Line 15A

The process for determining compensation includes a review and approval by the board of directors. Market data for comparable positions are taken into consideration to ensure compensation is within fair market range in the industry. Compensation discussions are not documented in board minutes, however, these discussions are disclosed at the executive committee meeting in closed session.

Form 990, Page 6, Part VI, Line 15B

The process for other officers is the same as that used for top management.

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available upon request.

Filing and Contact Details

Filer

Filer Name
The Meadowbrook School
EIN
23-1352659
Phone
2158843238
Address
1641 HAMPTON ROAD, MEADOWBROOK, PA 19046

Signing Officer

Name
Michael Reardon
Title
Headmaster
Phone
2158843238
Signed
2021-04-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Reardon
Formed
1919
Legal Domicile
Pa
Voting Board Members
15
Independent Board Members
14
Employees
52
Volunteers
38

Preparer

Firm
Bee Bergvall & Co
Address
PO BOX 754, WARRINGTON, PA 18976-0754
Preparer
Cynthia Bergvall CPA
Phone
2153432727
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The mission of the meadowbrook school is to offer an unwavering commitment to academic excellence for a diverse population of elementary school children. The school believes education includes learning to appreciate the value of hard work, expanding a sense of integrity, and practicing humanity towards others while inspiring students to make a positive difference. We strive to have our students well-prepared and eager to take on future challenges.

Form 990, Page 2, Part III, Line 4A

Meadowbrook is a small, co-educational independent school founded in 1919. Located in abington township, pa, the school is committed to meeting the intellectual, social, and emotional needs of its students with the framework of a traditional and structured program. Explicit rules are kept to a minimum. Small classes, flexible groupings, extensive use of teaching assistants, a rich array of special offerings, and mixed-age social situations are prevalent. The climate of the school is warm and personal. Helping each other, sharing, working hard, and respecting other people's ideas and feelings are some of the guiding principles. Meadowbrook is also unique in its strong family emphasis. First, parents are viewed as partners in the learning process. Communication between home and school is frequent. Also, meadowbrook is a non-profit parent corporation with each family playing a vital role in the school's development. The board of directors is primarily composed of parents who establish the policies of the school. Finally, parents are evident in all areas of school life. They assist teachers as special resources, helpers on trips, and in organizing special classroom events. There is an official parent organization called p.o.m. (parents of meadowbrook) that primarily raises money for projects that will benefit the school and further its reputation as one of the area's leading independent schools. Meadowbrook school offers an unwavering commitment to academic excellence for a diverse population of elementary school children. The school believes education includes learning to appreciate the value of hard work, expanding a sense of integrity, and practicing humanity toward others while inspiring students to make positive differences. We strive to have our students well-prepared and eager to take on future challenges. The school served 125 students during the year.

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The endowment funds consist of various funds established for a variety of purposes. Net assets associated with the endowment funds are classified and reported based on the existence or absence of donor-imposed restrictions.

Schedule D, Page 3, Part X

The school accounts for uncertainties in income taxes in accordance with authoritative guidance, which prescribes a recognition threshold of more- likely-than-not to be sustained upon examination by the appropriate taxing authority. Measurement of the tax uncertainty occurs if the recognition threshold has been met. The school's federal exempt organizatin business income tax returns for 2019, 2018, and 2017 remain subject to examination by the irs. The school's policy is to recognize interest related to unrecognized tax benefits in interest expense and penalties in operating expenses.

Schedule D, Page 4, Part XI, Line 2D

Scholarships and discounts -618,260

Schedule D, Page 4, Part XI, Line 4B

Special event expenses -31,743

Schedule D, Page 4, Part XII, Line 2D

Special event expenses 31,743

Schedule D, Page 4, Part XII, Line 4B

Scholarships and discounts 618,260

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IRS990/Desc0MEADOWBROOK IS A SMALL, CO-EDUCATIONAL INDEPENDENT SCHOOL FOUNDED IN 1919. LOCATED IN ABINGTON TOWNSHIP, PA, THE SCHOOL IS COMMITTED TO MEETING THE INTELLECTUAL, SOCIAL, AND EMOTIONAL NEEDS OF ITS STUDENTS WITH THE FRAMEWORK OF A TRADITIONAL AND STRUCTURED PROGRAM. EXPLICIT RULES ARE KEPT TO A MINIMUM. SMALL CLASSES, FLEXIBLE GROUPINGS, EXTENSIVE USE OF TEACHING ASSISTANTS, A RICH ARRAY OF SPECIAL OFFERINGS, AND MIXED-AGE SOCIAL SITUATIONS ARE PREVALENT. THE CLIMATE OF THE SCHOOL IS WARM AND PERSONAL. HELPING EACH OTHER, SHARING, WORKING HARD, AND RESPECTING OTHER PEOPLE'S IDEAS AND FEELINGS ARE SOME OF THE GUIDING PRINCIPLES. MEADOWBROOK IS ALSO UNIQUE IN ITS STRONG FAMILY EMPHASIS. FIRST, PARENTS ARE VIEWED AS PARTNERS IN THE LEARNING PROCESS. COMMUNICATION BETWEEN HOME AND SCHOOL IS FREQUENT. ALSO, MEADOWBROOK IS A NON-PROFIT PARENT CORPORATION WITH EACH FAMILY PLAYING A VITAL ROLE IN THE SCHOOL'S DEVELOPMENT. THE BOARD OF DIRECTORS IS PRIMARILY COMPOSED OF PARENTS WHO ESTABLISH THE POLICIES OF THE SCHOOL. FINALLY, PARENTS ARE EVIDENT IN ALL AREAS OF SCHOOL LIFE. THEY ASSIST TEACHERS AS SPECIAL RESOURCES, HELPERS ON TRIPS, AND IN ORGANIZING SPECIAL CLASSROOM EVENTS. THERE IS AN OFFICIAL PARENT ORGANIZATION CALLED P.O.M. (PARENTS OF MEADOWBROOK) THAT PRIMARILY RAISES MONEY FOR PROJECTS THAT WILL BENEFIT THE SCHOOL AND FURTHER ITS REPUTATION AS ONE OF THE AREA'S LEADING INDEPENDENT SCHOOLS. MEADOWBROOK SCHOOL OFFERS AN UNWAVERING COMMITMENT TO ACADEMIC EXCELLENCE FOR A DIVERSE POPULATION OF ELEMENTARY SCHOOL CHILDREN. THE SCHOOL BELIEVES EDUCATION INCLUDES LEARNING TO APPRECIATE THE VALUE OF HARD WORK, EXPANDING A SENSE OF INTEGRITY, AND PRACTICING HUMANITY TOWARD OTHERS WHILE INSPIRING STUDENTS TO MAKE POSITIVE DIFFERENCES. WE STRIVE TO HAVE OUR STUDENTS WELL-PREPARED AND EAGER TO TAKE ON FUTURE CHALLENGES. THE SCHOOL SERVED 125 STUDENTS DURING THE YEAR.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.56$2.27$0.29$3.83$3.99$0.16
2023Detailed filing. Detailed filing data is available for this year.$2.67$2.30$0.37$4.46$4.08$0.38
2022Detailed filing. Detailed filing data is available for this year.$2.35$2.40$0.05$4.35$3.53$0.81
2021Detailed filing. Detailed filing data is available for this year.$2.02$2.85$0.83$3.24$3.14$0.09
2020Detailed filing. Detailed filing data is available for this year.$1.50$2.46$0.96$3.62$3.27$0.35
2019Detailed filing. Detailed filing data is available for this year.$1.16$2.47$1.31$3.34$3.25$0.09
2018Detailed filing. Detailed filing data is available for this year.$1.30$2.70$1.40$2.96$2.98$0.02
2017Detailed filing. Detailed filing data is available for this year.$1.32$2.72$1.39$2.59$2.70$0.10
2016Detailed filing. Detailed filing data is available for this year.$1.49$2.79$1.30$2.95$3.08$0.14
2015Detailed filing. Detailed filing data is available for this year.$1.66$2.83$1.16$3.24$2.68$0.56
2014Detailed filing. Detailed filing data is available for this year.$1.35$3.08$1.72$2.92$2.79$0.13
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.38$3.26$1.88$2.73
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.49$3.45$1.96$2.77
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.56$3.39$1.82$2.95
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.54$3.17$1.63$3.18
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2020 filings • 501(c)3 • $1M-$5M nonprofits