Civic Intelligence

St Edmund'S Academy

990 • Fiscal year 2018 • EIN 25-1030682

Jul 01, 2017 to Jun 30, 2018 • Filed on Oct 30, 2018

Refreshing map…

5705 Darlington RoadPittsburgh, PA 15217-1511

(412) 521-1907

Siviq Scores

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

Liabilities / Assets

27th percentile

0.05x

Higher debt load relative to assets than 27% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

27th percentile

0.09x

Higher debt load relative to revenue than 27% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

75th percentile

16%

Higher net margin than 75% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

72nd percentile

$256,850

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 3.2% of source-year revenue.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

67th percentile

6.8%

Faster asset growth than 67% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

49th percentile

3.8%

Faster revenue growth than 49% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Assets

Up

$13,905,748

Up $2,286,647 (+20%) from 2016

Net Assets

Up

$13,184,766

Up $2,479,409 (+23%) from 2016

Liabilities

Down

$720,982

Down $192,762 (-21%) from 2016

Revenue

Up

$7,925,099

Up $1,995,435 (+34%) from 2016

Expenses

Up

$6,639,133

Up $485,146 (+7.9%) from 2016

Net Income

Up

$1,285,966

Up $1,510,289 (+673%) from 2016

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2010: $10,289,352Liabilities 2010: $726,351Net Assets 2010: $9,563,0012010Assets 2011: $10,919,038Liabilities 2011: $725,502Net Assets 2011: $10,193,5362011Assets 2013: $11,631,590Liabilities 2013: $826,377Net Assets 2013: $10,805,2132013Assets 2015: $12,158,880Liabilities 2015: $919,532Net Assets 2015: $11,239,3482015Assets 2016: $11,619,101Liabilities 2016: $913,744Net Assets 2016: $10,705,3572016Assets 2018: $13,905,748Liabilities 2018: $720,982Net Assets 2018: $13,184,7662018Assets 2019: $15,442,694Liabilities 2019: $822,695Net Assets 2019: $14,619,9992019Assets 2020: $16,756,341Liabilities 2020: $2,669,554Net Assets 2020: $14,086,7872020Assets 2021: $17,601,239Liabilities 2021: $1,977,795Net Assets 2021: $15,623,4442021Assets 2022: $17,718,123Liabilities 2022: $2,158,859Net Assets 2022: $15,559,2642022Assets 2023: $17,607,728Liabilities 2023: $2,160,852Net Assets 2023: $15,446,8762023Assets 2025: $19,325,563Liabilities 2025: $2,273,707Net Assets 2025: $17,051,8562025

Highlighted filing

2018

Assets$13,905,748
Liabilities$720,982
Net Assets$13,184,766

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2010: $5,137,4652010Expenses 2011: $5,363,2312011Expenses 2013: $5,588,4492013Revenue 2015: $5,905,413Expenses 2015: $5,833,622Net Income 2015: $71,7912015Revenue 2016: $5,929,664Expenses 2016: $6,153,987Net Income 2016: -$224,3232016Revenue 2018: $7,925,099Expenses 2018: $6,639,133Net Income 2018: $1,285,9662018Revenue 2019: $8,194,999Expenses 2019: $6,827,974Net Income 2019: $1,367,0252019Revenue 2020: $6,553,224Expenses 2020: $6,812,038Net Income 2020: -$258,8142020Revenue 2021: $7,648,079Expenses 2021: $7,046,648Net Income 2021: $601,4312021Revenue 2022: $8,477,169Expenses 2022: $7,146,968Net Income 2022: $1,330,2012022Revenue 2023: $7,489,967Expenses 2023: $8,052,001Net Income 2023: -$562,0342023Revenue 2025: $9,909,341Expenses 2025: $9,221,583Net Income 2025: $687,7582025

Highlighted filing

2018

Revenue$7,925,099
Expenses$6,639,133
Net Income$1,285,966
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Oct 30, 2018
Return Version
2017v2.3
Gross Receipts
$10,651,981
Mission and Program Overview

Mission

A school providing education to preschool to 8th grade students

Providing education to youths

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$5,354,668$5,526,813▲ $172,145
Land, Buildings, and Equipment, Net$5,035,225$5,181,016▲ $145,791
Savings and Temporary Cash Investments$2,516,780$2,990,198▲ $473,418
Pledges and Grants Receivable$48,650$157,350▲ $108,700
Accounts Receivable$64,907$48,444▼ $16,463
Prepaid Expenses and Deferred Charges$3,855$1,927▼ $1,928
Total Assets$13,024,085$13,905,748▲ $881,663
Liabilities
Deferred Revenue$486,738$380,464▼ $106,274
Accounts Payable and Accrued Expenses$315,979$324,976▲ $8,997
Other Liabilities$63,371$15,542▼ $47,829
Total Liabilities$866,088$720,982▼ $145,106
Net Assets / Fund Balance
Unrestricted Net Assets$7,797,046$8,154,366▲ $357,320
Permanently Rstr Net Assets$2,270,355$2,712,355▲ $442,000
Temporarily Rstr Net Assets$2,090,596$2,318,045▲ $227,449
Total Net Assets Fund Balance$12,157,997$13,184,766▲ $1,026,769
Total Liabilities and Net Assets / Fund Balance$13,024,085$13,905,748▲ $881,663

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,301,854$4,180,184$6,482,038
Equipment$441,044$2,458,747$2,899,791
Land$1,994,947-$1,994,947
Leasehold Improvements$443,171$618,307$1,061,478

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$3,977,357$442,000▲ $290,298$-119,871$4,465,047
2016$3,806,004$100▲ $386,101$-105,284$3,977,357
2015$4,056,877$1,000▼ $40,217$-103,696$3,806,004
2014$4,077,043-▲ $180,774$-98,441$4,056,877
2013$3,659,489$31,125▲ $578,477$-94,700$4,077,043
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Paul Chad BarnettHead of SchoFT$241,677$15,173$256,850
Paul Chad BarnettHead of School-$241,677$15,173$256,850
Susan MillerDirector ofFT$147,038$16,120$163,158
Susan MillerDirector of Early Ch-$147,038$16,120$163,158
Diana McallisterDirector ofFT$130,443$11,967$142,410

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Independent Schools Health InsuranceHealth Insuranc625 LIBERTY AVENUE, Pittsburgh, PA 15222$338,696
Metz & AssociatesFood ServiceTWO WOODLAND DRIVE, Dallas, PA 18612$161,290
Strada ArchitectArchitect611 WILLIAM PENN PLACE, Pittsburgh, PA 15219$110,143
Revenue and Support

Revenue Composition

Contributions and Grants
$1,473,099
Program Service Revenue
$5,751,975
Investment Income
$649,570
Other Revenue
$50,455
All Other Contributions
$1,473,099
Change in Net Assets
$1,285,966

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded4$127,146Fair Market Value
Total Noncash Contributions4$127,146-

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,606,546
Revenue Not Reported on Financial Statements
$1,318,553
Revenue Not Reported on Form 990
$-235,590
Other Revenue Adjustments
$1,318,553
Total Revenue per Audited Statements
$6,370,956
Total Revenue per Form 990
$7,925,099
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,646,390
Other Expenses$1,674,190
Grants and Similar Amounts Paid$1,318,553
Total Fundraising Expense$260,942
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,817,250$558,672$143,895$2,519,817
Grants to Domestic Individuals$1,318,553--$1,318,553
Current Officers, Directors, Trustees, and Key Employees-$562,418-$562,418
Depreciation Depletion$389,182--$389,182
Occupancy$246,310--$246,310
Other Employee Benefits$173,295$57,696$12,030$243,021
Payroll Taxes$157,755$71,825$12,169$241,749
Office Expenses$136,919$57,743$304$194,966
All Other Expenses$50,769$47,059$47,815$145,643
Information Technology$131,686--$131,686
Pension Plan Contributions$64,011$15,374-$79,385
Other Expenses$54,093$55,615$8,415$54,093
Fees for Services Other-$22,460$31,369$53,829
Insurance$37,955--$37,955
Fees for Services Accounting-$31,287-$31,287
Advertising-$28,620$772$29,392
Travel$13,107$12,611$19$25,737
Fees for Services Legal-$4,122-$4,122
Total Functional Expenses$4,837,949$1,540,242$260,942$6,639,133

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$6,639,133
Total Expenses per Audited Statements$5,344,187
Expenses per Audited Statements$5,320,580
Expenses Not Reported on Financial Statements$1,318,553
Other Expense Adjustments$1,318,553
Expenses Not Reported on Form 990$23,607
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$42,952
Fundraising Direct Expenses$23,607
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Auction$42,952$42,952$23,607$19,345
Total Events$42,952$42,952$23,607$19,345
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Agency Accounts$15,542
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 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

A copy of the 990 is reviewed only by the executive committee, which is a subcommittee of the board of trustees, prior to its filing.

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

Annually, and more frequently in the event of changes in said statement, all board members, officers and key employees are required to complete a written conflict of interest disclosure statement. Determinations of whether a conflict exists are made by the board chairperson. Actual conflicts are reviewed by the full board, which may in its discretion impose appropriate restrictions on persons with a conflict, including but not limited to prohibitions on participating in board deliberations and voting on matters that could further any such business relationships.

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

St. Edmund's academy board of trustees has established a policy of immediate sanctions that ensures that compensation to the head of school is reasonable and does not constitute an excess benefit transaction. Factors that are considered when determining reasonable compensation include compensation paid by similarly situated organizations for functionally comparable positions, the availability of similar services in the geographic area of the school, current compensation surveys such as published by the national association of independent schools, and actual written offers from similar schools competing for the same services.

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

The process for officers or key employees is the same as for the top official.

Form 990, Page 6, Part VI, Line 19

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

Filing and Contact Details

Filer

Filer Name
ST EDMUND'S ACADEMY
EIN
25-1030682
Phone
4125211907
Address
5705 DARLINGTON ROAD, PITTSBURGH, PA 15217-1511

Signing Officer

Name
David Nicholson
Title
Board Chair
Phone
4125211907
Signed
2018-10-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul Chad Barnett
Formed
1948
Legal Domicile
Pa
Voting Board Members
17
Independent Board Members
16
Employees
108
Volunteers
40

Preparer

Firm
Love Scherle & Bauer Pc
Address
310 GRANT STREET SUITE 1020, PITTSBURGH, PA 15219-2295
Preparer
Joseph S Scherle
Phone
4122818270
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Certain fundraising expenses net against revenue on 990 23,607 but is included as expense in audited financial statements 0 financial aid to st edmund's students is netted against -1,318,553 tuition in audited financial statements but is included 0 as an expense on the 990. 0 certain fundraising expenses net against revenue on 990 -23,607 but is included as expense in audited financial statements 0 financial aid to st edmund's students is netted against 1,318,553 tuition in audited financial statements but is included 0 as an expense on form 990. 0

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The income from the endowment is used principally for financial aid and faculty development.

Schedule D, Page 3, Part X

The academy accounts for uncertain tax positions under the accounting for uncertainty in income taxes subtopic of the asc. The subtopic clarifies the accounting for uncertainty in income taxes recognized in an entity's financial statments adn prescribes recognition thresholds and measurement principles for financial statement disclosure of tax positions to be taken or expected to be taken on a tax return. The academy has reviewed all open tax years (2015-present) and major jurisdicitions and has not identified any uncertain tax positions requiring an accrual or disclosure in the financial statements.

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

Certain fundraising expenses net against revenue on 990 23,607 but is included as expense in audited financial statements 0

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

Financial aid to st edmund's students is netted against 1,318,553 tuition in audited financial statements but is included 0 as an expense on the 990. 0

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

Certain fundraising expenses net against revenue on 990 23,607 but is included as expense in audited financial statements 0

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

Financial aid to st edmund's students is netted against 1,318,553 tuition in audited financial statements but is included 0 as an expense on form 990. 0

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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