Civic Intelligence

St Edmund'S Academy

990 • Fiscal year 2019 • EIN 25-1030682

Jul 01, 2018 to Jun 30, 2019 • Filed on Nov 15, 2019

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

28th percentile

0.05x

Higher debt load relative to assets than 28% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

30th percentile

0.10x

Higher debt load relative to revenue than 30% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Net Margin

76th percentile

17%

Higher net margin than 76% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

70th percentile

$249,180

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 3.0% of source-year revenue.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Asset Growth

70th percentile

11%

Faster asset growth than 70% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

49th percentile

3.4%

Faster revenue growth than 49% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Assets

Up

$15,442,694

Up $3,823,593 (+33%) from 2016

Net Assets

Up

$14,619,999

Up $3,914,642 (+37%) from 2016

Liabilities

Down

$822,695

Down $91,049 (-10.0%) from 2016

Revenue

Up

$8,194,999

Up $2,265,335 (+38%) from 2016

Expenses

Up

$6,827,974

Up $673,987 (+11%) from 2016

Net Income

Up

$1,367,025

Up $1,591,348 (+709%) 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 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

2019

Assets$15,442,694
Liabilities$822,695
Net Assets$14,619,999

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 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

2019

Revenue$8,194,999
Expenses$6,827,974
Net Income$1,367,025
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Nov 15, 2019
Return Version
2018v3.1
Gross Receipts
$8,778,004
Mission and Program Overview

Mission

A school providing education to preschool to 8th grade students

A school providing education to preschool to 8th grade students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,181,016$8,201,143▲ $3,020,127
Investments in Publicly Traded Securities$5,526,813$5,464,616▼ $62,197
Savings and Temporary Cash Investments$2,990,198$1,114,700▼ $1,875,498
Pledges and Grants Receivable$157,350$633,555▲ $476,205
Accounts Receivable$48,444$28,480▼ $19,964
Prepaid Expenses and Deferred Charges$1,927$200▼ $1,727
Total Assets$13,905,748$15,442,694▲ $1,536,946
Liabilities
Deferred Revenue$380,464$427,799▲ $47,335
Accounts Payable and Accrued Expenses$324,976$376,959▲ $51,983
Other Liabilities$15,542$17,937▲ $2,395
Total Liabilities$720,982$822,695▲ $101,713
Net Assets / Fund Balance
Unrestricted Net Assets$8,154,366$9,869,057▲ $1,714,691
Temporarily Rstr Net Assets$2,318,045$4,750,942▲ $2,432,897
Permanently Rstr Net Assets$2,712,355--
Total Net Assets Fund Balance$13,184,766$14,619,999▲ $1,435,233
Total Liabilities and Net Assets / Fund Balance$13,905,748$15,442,694▲ $1,536,946

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,412,618$4,328,226$9,740,844
Equipment$405,158$2,592,442$2,997,600
Land$1,994,947-$1,994,947
Leasehold Improvements$388,420$676,823$1,065,243

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$4,465,047$10,250▲ $260,881$-123,716$4,459,518
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Paul Chad BarnettHead of SchoFT$229,036$20,144$249,180
Paul Chad BarnettHead of School-$229,036$20,144$249,180
Susan MillerDirector ofFT$147,920$14,642$162,562
Susan MillerDirector of Early Ch-$147,920$14,642$162,562
Diana McallisterDirector ofFT$130,444$13,443$143,887

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Pj Dick IncorporatedGeneral ContracPO BOX 6774, Pittsburgh, PA 15212$970,082
Independent Schools Health InsuranceHealth Insuranc625 LIBERTY AVENUE, Pittsburgh, PA 15222$359,057
Strada ArchitectArchitect611 WILLIAM PENN PLACE, Pittsburgh, PA 15219$194,388
Jenlor Integrations LLCIt Services606 WASHINGTON AVENUE, Bridgeville, PA 15017$159,494
Metz & AssociatesFood ServiceTWO WOODLAND DRIVE, Dallas, PA 18612$149,129
Revenue and Support

Revenue Composition

Contributions and Grants
$2,003,070
Program Service Revenue
$5,880,608
Investment Income
$283,353
Other Revenue
$27,968
All Other Contributions
$2,003,070
Change in Net Assets
$1,367,025

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 Traded3$298,912Fair Market Value
Total Noncash Contributions3$298,912-

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,712,264
Revenue Not Reported on Financial Statements
$1,482,735
Revenue Not Reported on Form 990
$87,438
Other Revenue Adjustments
$1,482,735
Total Revenue per Audited Statements
$6,799,702
Total Revenue per Form 990
$8,194,999
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,816,489
Other Expenses$1,528,750
Grants and Similar Amounts Paid$1,482,735
Total Fundraising Expense$293,489
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,946,096$535,426$186,902$2,668,424
Grants to Domestic Individuals$1,482,735--$1,482,735
Current Officers, Directors, Trustees, and Key Employees-$555,628-$555,628
Depreciation Depletion$340,253--$340,253
Other Employee Benefits$190,865$51,775$20,984$263,624
Occupancy$257,995--$257,995
Payroll Taxes$159,780$72,958$15,219$247,957
Office Expenses$112,972$59,779$198$172,949
Information Technology$128,489--$128,489
Fees for Services Other-$75,270$10,629$85,899
Pension Plan Contributions$64,164$16,242$450$80,856
All Other Expenses$8,819$13,839$46,173$68,831
Other Expenses$46,440$47,368$10,275$46,440
Insurance$38,422--$38,422
Fees for Services Accounting-$32,603-$32,603
Advertising-$23,257$1,405$24,662
Travel$12,286$1,168-$13,454
Fees for Services Legal-$2,297-$2,297
Total Functional Expenses$5,036,626$1,497,859$293,489$6,827,974

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$6,827,974
Total Expenses per Audited Statements$5,364,469
Expenses per Audited Statements$5,345,239
Expenses Not Reported on Financial Statements$1,482,735
Other Expense Adjustments$1,482,735
Expenses Not Reported on Form 990$19,230
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$30,090
Fundraising Direct Expenses$19,230
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Auction$30,090$30,090$19,230$10,860
Total Events$30,090$30,090$19,230$10,860
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$17,937
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
2019-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul Chad Barnett
Formed
1948
Legal Domicile
Pa
Voting Board Members
18
Independent Board Members
17
Employees
103
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 19,230 but is included as expense in audited financial statements 0 financial aid to st edmund's students is netted against -1,482,735 tuition in audited financial statements but is included 0 as an expense on the 990. 0 certain fundraising expenses net against revenue on 990 -19,230 but is included as expense in audited financial statements 0 financial aid to st edmund's students is netted against 1,482,735 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 statements and 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 jurisdictions 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 19,230 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 1,482,735 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 19,230 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 1,482,735 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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Filings

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2019 filings • 501(c)3 • $10M-$25M nonprofits