Civic Intelligence

Sewickley Academy

990 • Fiscal year 2020 • EIN 25-0965558

Jul 01, 2019 to Jun 30, 2020 • Filed on May 15, 2021

315 Academy AvenueSewickley, PA 15143

(412) 741-2230

Siviq Scores

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

Liabilities / Assets

34th percentile

0.13x

Higher debt load relative to assets than 34% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Liabilities / Revenue

53rd percentile

0.48x

Higher debt load relative to revenue than 53% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Net Margin

47th percentile

3.0%

Higher net margin than 47% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Top Officer Pay

63rd percentile

$429,815

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Asset Growth

33rd percentile

1.7%

Faster asset growth than 33% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2019 to 2020

Revenue Growth

55th percentile

3.9%

Faster revenue growth than 55% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2019 to 2020

Assets

Up

$77,354,906

Up $1,298,782 (+1.7%) from 2019

Net Assets

Up

$67,138,872

Up $608,129 (+0.9%) from 2019

Liabilities

Up

$10,216,034

Up $690,653 (+7.3%) from 2019

Revenue

Up

$21,372,446

Up $800,540 (+3.9%) from 2019

Expenses

Up

$20,724,848

Up $89,539 (+0.4%) from 2019

Net Income

Up

$647,598

Up $711,001 (+1121%) from 2019

Historical Trend

Balance Sheet Trend

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

$100M$50M$0Assets 2011: $60,432,874Liabilities 2011: $8,511,308Net Assets 2011: $51,921,5662011Assets 2012: $58,519,300Liabilities 2012: $7,477,243Net Assets 2012: $51,042,0572012Assets 2013: $61,925,926Liabilities 2013: $6,896,021Net Assets 2013: $55,029,9052013Assets 2014: $71,531,631Liabilities 2014: $6,335,800Net Assets 2014: $65,195,8312014Assets 2015: $70,936,088Liabilities 2015: $6,729,135Net Assets 2015: $64,206,9532015Assets 2016: $75,565,233Liabilities 2016: $12,738,632Net Assets 2016: $62,826,6012016Assets 2017: $78,318,641Liabilities 2017: $12,544,798Net Assets 2017: $65,773,8432017Assets 2018: $77,727,546Liabilities 2018: $10,695,592Net Assets 2018: $67,031,9542018Assets 2019: $76,056,124Liabilities 2019: $9,525,381Net Assets 2019: $66,530,7432019Assets 2020: $77,354,906Liabilities 2020: $10,216,034Net Assets 2020: $67,138,8722020Assets 2021: $86,831,942Liabilities 2021: $12,025,948Net Assets 2021: $74,805,9942021Assets 2022: $76,396,040Liabilities 2022: $6,980,073Net Assets 2022: $69,415,9672022Assets 2023: $76,051,339Liabilities 2023: $5,732,108Net Assets 2023: $70,319,2312023Assets 2024: $79,051,362Liabilities 2024: $4,616,237Net Assets 2024: $74,435,1252024Assets 2025: $81,778,873Liabilities 2025: $4,076,163Net Assets 2025: $77,702,7102025

Highlighted filing

2020

Assets$77,354,906
Liabilities$10,216,034
Net Assets$67,138,872

Operations Trend

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

$30M$20M$10M$0-$10MExpenses 2011: $16,764,0232011Expenses 2012: $17,470,4812012Expenses 2013: $17,943,6372013Revenue 2014: $24,308,195Expenses 2014: $18,537,037Net Income 2014: $5,771,1582014Revenue 2015: $18,046,603Expenses 2015: $18,803,274Net Income 2015: -$756,6712015Revenue 2016: $18,866,205Expenses 2016: $19,231,366Net Income 2016: -$365,1612016Revenue 2017: $18,639,462Expenses 2017: $19,446,959Net Income 2017: -$807,4972017Revenue 2018: $19,263,169Expenses 2018: $19,824,540Net Income 2018: -$561,3712018Revenue 2019: $20,571,906Expenses 2019: $20,635,309Net Income 2019: -$63,4032019Revenue 2020: $21,372,446Expenses 2020: $20,724,848Net Income 2020: $647,5982020Revenue 2021: $21,554,338Expenses 2021: $22,314,889Net Income 2021: -$760,5512021Revenue 2022: $28,330,827Expenses 2022: $22,056,401Net Income 2022: $6,274,4262022Revenue 2023: $21,363,025Expenses 2023: $24,413,880Net Income 2023: -$3,050,8552023Revenue 2024: $23,542,928Expenses 2024: $22,602,462Net Income 2024: $940,4662024Revenue 2025: $26,351,320Expenses 2025: $27,208,442Net Income 2025: -$857,1222025

Highlighted filing

2020

Revenue$21,372,446
Expenses$20,724,848
Net Income$647,598
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 15, 2021
Return Version
2019v5.1
Gross Receipts
$22,834,451
Mission and Program Overview

Mission

Sewickley academy's mission is to evaluate knowledge, character, and community through an intentionally extraordinary and innovative education.

Operation of a private school for educational purposes

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$35,047,313$35,582,291▲ $534,978
Land, Buildings, and Equipment, Net$36,455,101$34,945,164▼ $1,509,937
Savings and Temporary Cash Investments$3,348,476$6,154,747▲ $2,806,271
Pledges and Grants Receivable$887,932$347,787▼ $540,145
Inventories for Sale or Use$108,934$152,918▲ $43,984
Prepaid Expenses and Deferred Charges$137,045$111,792▼ $25,253
Accounts Receivable$16,816$58,876▲ $42,060
Cash and Non-Interest-Bearing Accounts$1,331$1,331→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$76,002,948$77,354,906▲ $1,351,958
Other Assets Total$0$0→ $0
Liabilities
Tax Exempt Bond Liabilities$7,415,916$5,818,970▼ $1,596,946
Deferred Revenue$302,090$2,870,002▲ $2,567,912
Accounts Payable and Accrued Expenses$1,553,730$1,203,478▼ $350,252
Other Liabilities$200,469$323,584▲ $123,115
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Total Liabilities$9,472,205$10,216,034▲ $743,829
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$61,041,024$62,158,480▲ $1,117,456
Net Assets With Donor Restrictions$5,489,719$4,980,392▼ $509,327
Total Net Assets Fund Balance$66,530,743$67,138,872▲ $608,129
Total Liabilities and Net Assets / Fund Balance$76,002,948$77,354,906▲ $1,351,958

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$26,509,548$21,423,225$47,770,826
Other Land Buildings$2,942,380$2,611,011$5,553,391
Equipment$3,636,917$1,038,818$4,675,735
Land$1,856,319-$1,772,264
Other Securities$35,572,291--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$34,991,150$598,895▲ $1,722,945$1,748,905$35,525,475
2018$35,212,261-▲ $1,500,002$1,682,657$34,991,150
2017$34,012,350$125,577▲ $2,922,389$1,808,889$35,212,261
2016$31,495,423$130,561▲ $4,754,618$2,180,990$34,012,350
2015$34,087,408$109,530▼ $1,032,275$1,669,240$31,495,423
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
MR KOLIA O'CONNORHead of SchoolFT$329,166$100,649$429,815
Ms Karen McavoyDirector of Finance and OperatFT$181,390$20,601$201,991
Mr Win PalmerDirector of AthleticsFT$153,585$17,674$171,259
Mr Brendan SchneiderDirector of AdvancementFT$123,496$21,981$145,477
Mr Peter LauHead of Senior SchoolFT$121,640$16,572$138,212
Ms Shannon MulhollandMiddle School Division HeadFT$106,884$20,818$127,702
Mr Jonathan BlaserDirector of TechnologyFT$103,425$20,573$123,998

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Metz Culinary ManagementFood ServiceTWO WOODLAND DR, Dallas, PA 18612$213,196
AlphagraphicsPrinting814 PENN AVENUE, Pittsburgh, PA 15222$195,597
Sta - CoraopolisTransportation200 KENDELL STREET, Coraopolis, PA 15108$189,979
Huckestein Mechanical ServicesHvac Services1505 METROPOLITAN ST, Pittsburgh, PA 15233$160,024
Bickerstaff Lawn ServiceLandscaping407 WAYNE AVENUE, Monaca, PA 15601$126,974
Revenue and Support

Revenue Composition

Contributions and Grants
$2,782,547
Program Service Revenue
$16,672,538
Investment Income
$1,639,306
Other Revenue
$278,055
All Other Contributions
$2,688,245
Change in Net Assets
$647,598

Audited Revenue Reconciliation

Revenue per Audited Statements
$18,875,216
Revenue Not Reported on Financial Statements
$2,497,230
Revenue Not Reported on Form 990
$83,646
Other Revenue Adjustments
$2,458,620
Total Revenue per Audited Statements
$18,958,862
Total Revenue per Form 990
$21,372,446
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$12,456,187
Other Expenses$5,932,856
Grants and Similar Amounts Paid$2,335,505
Total Fundraising Expense$423,696
Professional Fundraising Fees$300

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$9,154,151$233,533$254,469$9,642,153
Grants to Domestic Individuals$2,335,505--$2,335,505
Depreciation Depletion$1,873,844--$1,873,844
Other Employee Benefits$1,105,043$146,368$25,424$1,276,835
Occupancy$947,856--$947,856
Payroll Taxes$600,648$122,240$18,609$741,497
Current Officers, Directors, Trustees, and Key Employees-$557,013-$557,013
Other Expenses$142,940$291,577$110,567$545,084
Office Expenses$76,564$331,051-$407,615
Pension Plan Contributions$106,611$117,751$14,327$238,689
Interest$207,363--$207,363
All Other Expenses-$184,570-$184,570
Advertising$1,356$180,020-$181,376
Information Technology$177,876--$177,876
Insurance-$162,068-$162,068
Fees for Services Accounting-$73,903-$73,903
Travel$52,618--$52,618
Fees for Services Legal-$46,618-$46,618
Fees for Service Investment Mgmnt Fees-$41,302-$41,302
Conferences and Meetings$16,153--$16,153
Royalties$2,519--$2,519
Fees for Services Other$394--$394
Fees for Services Professional Fundraising--$300$300
Total Functional Expenses$17,791,927$2,509,225$423,696$20,724,848

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$20,724,848
Expenses per Audited Statements$18,350,733
Total Expenses per Audited Statements$18,350,733
Expenses Not Reported on Financial Statements$2,374,115
Other Expense Adjustments$2,335,505
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$251,895
Fundraising Direct Expenses$80,524
Professional Fundraising Fees$300
Gaming Direct Expenses$0
Gaming Gross Income$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Auction$206,880$206,880$15,317$191,563
Hansen Golf Out$45,015$45,015$6,047$38,968
Total Events$251,895$251,895$80,524$171,371
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$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Interest Rate Swap$323,584
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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, PART VI, SECTION B, LINE 11A:

The form 990 is submitted to the director of finance & operations and the finance committee of the board of trustees for review to filing.

FORM 990, PART VI, SECTION B, LINE 12C:

Business office and head of school office are aware of potential conflicts and monitor during normal course of business.

FORM 990, PART VI, SECTION B, LINE 15A:

The business office provides the executive committee of the board benchmark data from the national association of independent schools on heads of school annually.

FORM 990, PART VI, SECTION B, LINE 15B:

All administrative salaries are reviewed annually and bench marked against our peer school.

FORM 990, PART VI, SECTION C, LINE 19:

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

Filing and Contact Details

Filer

Filer Name
Sewickley Academy
EIN
25-0965558
In Care Of
% KAREN MCAVOY
Phone
4127412230
Address
315 ACADEMY AVENUE, SEWICKLEY, PA 15143

Signing Officer

Name
Karen Mcavoy
Title
Director of Finance & Ops
Phone
4127412230
Signed
2021-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Karen Mcavoy
Formed
1838
Legal Domicile
Pa
Voting Board Members
17
Independent Board Members
17
Employees
248
Volunteers
16

Preparer

Firm
Bkd Llp
Address
30 Isabella Street Suite 107, Pittsburgh, PA 15212-5859
Preparer
David Bluemling
Phone
4123649395
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Unrealized interest rate swap adjustment: $(123,115)

FORM 990, PART XII, LINE 2C:

This process has not changed form the prior year.

Financial Statement Notes

Form 990, Schedule D, Part V, Line 4

The purpose of the endowment is to provide financial support to the academy for operations and capital projects. Form 990, schedule d, part x, line 2 management has evaluated their income tax positions under guidance included in asc 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements. Form 990, schedule d part xi, line 4b financial aid & remission $2,335,505 unrealized interest reate swap adjustment $ 123,115 total $2,458,620 form 990, schedule d part xii, line 4b financial aid & remission $2,335,505 disclosed in the financial statements.

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IRS990/Desc0AS PITTSBURGH'S OLDEST CO-EDUCATIONAL COLLEGE PREPARATORY, INDEPENDENT DAY SCHOOL, SEWICKLEY ACADEMY PREPARES ITS OVER 594 STUDENTS FOR A LIFETIME OF SUCCESS BY INSPIRING THEM TO REACH THEIRFULL POTENTIAL AS CURIOUS, COURAGEOUS, AND COMPASSIONATE LEARNERS. THE STUDENT BODY IS HIGHLY DIVERSE AND RESIDE IN VARIOUS SCHOOL DISTRICTS IN THE TRI-STATE AREA. EXCEPTIONAL PROGRAMS, SMALL CLASSES, AND TALENTED FACULTY HELP STUDENTS BECOME CONSCIENTIOUS LEADERS, CRITICAL THINKERS, AND RESPONSIBLE MEMBERS OF A GLOBAL COMMUNITY. ACHIEVEMENTS CAN BE FOUND AT THE ACADEMY'S WEBSITE.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0HEAD OF SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR OF FINANCE AND OPERAT
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR OF ATHLETICS
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR OF ADVANCEMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4HEAD OF SENIOR SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt5MIDDLE SCHOOL DIVISION HEAD
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR OF TECHNOLOGY
IRS990/Form990PartVIISectionAGrp/TitleTxt7TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt8MEMBER-AT-LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt9CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt18PRESIDENT OF HOME AND SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt19TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt20TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt21TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt22TRUSTEE
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$81.8$4.08$77.7$26.4$27.2$0.86
2024Detailed filing. Detailed filing data is available for this year.$79.1$4.62$74.4$23.5$22.6$0.94
2023Detailed filing. Detailed filing data is available for this year.$76.1$5.73$70.3$21.4$24.4$3.05
2022Detailed filing. Detailed filing data is available for this year.$76.4$6.98$69.4$28.3$22.1$6.27
2021Detailed filing. Detailed filing data is available for this year.$86.8$12.0$74.8$21.6$22.3$0.76
2020Detailed filing. Detailed filing data is available for this year.$77.4$10.2$67.1$21.4$20.7$0.65
2019Detailed filing. Detailed filing data is available for this year.$76.1$9.53$66.5$20.6$20.6$0.06
2018Detailed filing. Detailed filing data is available for this year.$77.7$10.7$67.0$19.3$19.8$0.56
2017Detailed filing. Detailed filing data is available for this year.$78.3$12.5$65.8$18.6$19.4$0.81
2016Detailed filing. Detailed filing data is available for this year.$75.6$12.7$62.8$18.9$19.2$0.37
2015Detailed filing. Detailed filing data is available for this year.$70.9$6.73$64.2$18.0$18.8$0.76
2014Detailed filing. Detailed filing data is available for this year.$71.5$6.34$65.2$24.3$18.5$5.77
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$61.9$6.90$55.0$17.9
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$58.5$7.48$51.0$17.5
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$60.4$8.51$51.9$16.8