Civic Intelligence

Regina Luminis Academy

990 • Fiscal year 2017 • EIN 33-1213848

Jul 01, 2016 to Jun 30, 2017 • Filed on May 14, 2018

601 First AvenueBerwyn, PA 19312

(610) 269-3905

Siviq Scores

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

Liabilities / Assets

86th percentile

0.54x

Higher debt load relative to assets than 86% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

56th percentile

0.05x

Higher debt load relative to revenue than 56% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

33rd percentile

-2.1%

Higher net margin than 33% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

69th percentile

$57,004

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 10.1% of source-year revenue.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Assets

$55,454

No earlier filing loaded for comparison.

Net Assets

$25,454

No earlier filing loaded for comparison.

Liabilities

$30,000

No earlier filing loaded for comparison.

Revenue

$566,872

No earlier filing loaded for comparison.

Expenses

$578,547

No earlier filing loaded for comparison.

Net Income

-$11,675

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2017: $55,454Liabilities 2017: $30,000Net Assets 2017: $25,4542017Assets 2018: $62,182Liabilities 2018: $30,000Net Assets 2018: $32,1822018Assets 2019: $51,696Liabilities 2019: $30,000Net Assets 2019: $21,6962019Assets 2020: $235,029Liabilities 2020: $222,800Net Assets 2020: $12,2292020Assets 2021: $237,942Liabilities 2021: $143,000Net Assets 2021: $94,9422021Assets 2022: $291,660Liabilities 2022: $133,000Net Assets 2022: $158,6602022Assets 2023: $423,575Liabilities 2023: $123,000Net Assets 2023: $300,5752023Assets 2024: $246,361Liabilities 2024: $123,000Net Assets 2024: $123,3612024

Highlighted filing

2017

Assets$55,454
Liabilities$30,000
Net Assets$25,454

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2017: $566,872Expenses 2017: $578,547Net Income 2017: -$11,6752017Revenue 2018: $885,425Expenses 2018: $878,697Net Income 2018: $6,7282018Revenue 2019: $1,014,219Expenses 2019: $1,024,705Net Income 2019: -$10,4862019Revenue 2020: $1,028,256Expenses 2020: $1,037,723Net Income 2020: -$9,4672020Revenue 2021: $1,178,480Expenses 2021: $1,032,767Net Income 2021: $145,7132021Revenue 2022: $1,478,713Expenses 2022: $1,414,995Net Income 2022: $63,7182022Revenue 2023: $2,187,208Expenses 2023: $2,045,293Net Income 2023: $141,9152023Revenue 2024: $2,298,154Expenses 2024: $2,475,368Net Income 2024: -$177,2142024

Highlighted filing

2017

Revenue$566,872
Expenses$578,547
Net Income-$11,675
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 14, 2018
Return Version
2016v3.1
Gross Receipts
$568,208
Mission and Program Overview

Mission

Regina luminis academy is a private, independent school grades pre-k through 12, founded, with the help of gods grace, to assist parents in the education and formation of their children by providing a classical liberal arts education in the tradition of the roman catholic church and faithful to the magisterium. It is the mission of the academy to promote and nurture the spiritual, intellectual, and physical growth and talents of its students through the time-tested classical liberal arts course of study. Students study and learn in a wholesome and rigorous environment. The catholic faculty integrates the magisterial teaching and tradition of the catholic church throughout the curriculum. In partnership with their families, students are taught to be effective catholic citizens and leaders. They are taught to know, love and serve god and neighbor, aware of their ultimate purpose in lifeeternal happiness with god in heaven.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$20,198$38,523▲ $18,325
Land, Buildings, and Equipment, Net$10,165$10,165→ $0
Prepaid Expenses and Deferred Charges$3,766$3,766→ $0
Total Assets$37,129$55,454▲ $18,325
Other Assets Total$3,000$3,000→ $0
Liabilities
Unsecured Notes Loans Payable-$30,000-
Total Liabilities$0$30,000▲ $30,000
Net Assets / Fund Balance
Unrestricted Net Assets$37,129$25,454▼ $11,675
Total Net Assets Fund Balance$37,129$25,454▼ $11,675
Total Liabilities and Net Assets / Fund Balance$37,129$55,454▲ $18,325

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$10,165-$10,165
Other Assets Org$3,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
DENISE D'ATTOREDirector/heaFT$57,004$57,004

Board Members and Trustees

NameTitle
Mark a AnthonyPresident
Edward a CamarotaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$297,241
Program Service Revenue
$243,307
Investment Income
$9
Other Revenue
$26,315
All Other Contributions
$297,241
Change in Net Assets
$-11,675
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$376,701
Other Expenses$156,238
Grants and Similar Amounts Paid$45,608
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$258,537$29,994-$288,531
Occupancy$127,928--$127,928
Current Officers, Directors, Trustees, and Key Employees$28,502$28,502-$57,004
Grants to Domestic Individuals$45,608--$45,608
Payroll Taxes$20,727$4,223-$24,950
Office Expenses-$10,153-$10,153
Other Employee Benefits$5,164$1,052-$6,216
Fees for Services Other-$3,408-$3,408
Fees for Services Accounting-$2,687-$2,687
Travel$1,110--$1,110
Other Expenses$260$140-$400
Advertising-$240-$240
Total Functional Expenses$498,148$80,399$0$578,547
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$24,146
Fundraising Direct Expenses$1,336
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundraising Eve$24,146$24,146$1,336$22,810
Total Events$24,146$24,146$1,336$22,810
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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

All board members receive and review a copy of the school's form 990 before the filing of the form 990 to the irs.

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

The board is currently reviewing the implementation process of a formal conflict of interest, whistle blower and document retention policies.

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

Regina luminis academy's compensation to the headmaster, teachers and employee is reviewed annually by the board. The school strives to pay wages that are fair and reasonable in light of salaries comparable for the applicable job descriptions in the region.

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

Regina luminis academy's compensation to the headmaster, teachers and employee is reviewed annually by the board. The school strives to pay wages that are fair and reasonable in light of salaries comparable for the applicable job descriptions in the region.

Form 990, Page 6, Part VI, Line 19

The governing documents are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Regina Luminis Academy
EIN
33-1213848
Phone
6102693905
Address
601 FIRST AVENUE, BERWYN, PA 19312

Signing Officer

Name
Mark a Anthony
Title
President
Phone
6102693905
Signed
2018-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark a Anthony
Formed
2007
Legal Domicile
Pa
Voting Board Members
3
Independent Board Members
2
Employees
26

Preparer

Firm
O'CONNELL & COMPANY
Address
165 TOWNSHIP LINE RD STE 1100, JENKINTOWN, PA 19046-1350
Preparer
GEORGE R O'CONNELL
Phone
2158874425
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Regina luminis academy is a private, independent school grades pre-k through 12, founded, with the help of gods grace, to assist parents in the education and formation of their children by providing a classical liberal arts education in the tradition of the roman catholic church and faithful to the magisterium. It is the mission of the academy to promote and nurture the spiritual, intellectual, and physical growth and talents of its students through the time-tested classical liberal arts course of study. Students study and learn in a wholesome and rigorous environment. The catholic faculty integrates the magisterial teaching and tradition of the catholic church throughout the curriculum. In partnership with their families, students are taught to be effective catholic citizens and leaders. They are taught to know, love and serve god and neighbor, aware of their ultimate purpose in lifeeternal happiness with god in heaven.

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IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt024146
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL HAS A FORMAL REVIEW POLICY TO DETERMINE AN INDIVIDUAL'S FINANCIAL AID. THE AID IS BASED ON FINANCIAL NEEDS AND IS CREDITED TO EACH INDIVIDUAL'S SCHOOL ACCOUNT.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0REGINA LUMINIS ACADEMY IS A PRIVATE, INDEPENDENT SCHOOL GRADES PRE-K THROUGH 12, FOUNDED, WITH THE HELP OF GODS GRACE, TO ASSIST PARENTS IN THE EDUCATION AND FORMATION OF THEIR CHILDREN BY PROVIDING A CLASSICAL LIBERAL ARTS EDUCATION IN THE TRADITION OF THE ROMAN CATHOLIC CHURCH AND FAITHFUL TO THE MAGISTERIUM. IT IS THE MISSION OF THE ACADEMY TO PROMOTE AND NURTURE THE SPIRITUAL, INTELLECTUAL, AND PHYSICAL GROWTH AND TALENTS OF ITS STUDENTS THROUGH THE TIME-TESTED CLASSICAL LIBERAL ARTS COURSE OF STUDY. STUDENTS STUDY AND LEARN IN A WHOLESOME AND RIGOROUS ENVIRONMENT. THE CATHOLIC FACULTY INTEGRATES THE MAGISTERIAL TEACHING AND TRADITION OF THE CATHOLIC CHURCH THROUGHOUT THE CURRICULUM. IN PARTNERSHIP WITH THEIR FAMILIES, STUDENTS ARE TAUGHT TO BE EFFECTIVE CATHOLIC CITIZENS AND LEADERS. THEY ARE TAUGHT TO KNOW, LOVE AND SERVE GOD AND NEIGHBOR, AWARE OF THEIR ULTIMATE PURPOSE IN LIFEETERNAL HAPPINESS WITH GOD IN HEAVEN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL BOARD MEMBERS RECEIVE AND REVIEW A COPY OF THE SCHOOL'S FORM 990 BEFORE THE FILING OF THE FORM 990 TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD IS CURRENTLY REVIEWING THE IMPLEMENTATION PROCESS OF A FORMAL CONFLICT OF INTEREST, WHISTLE BLOWER AND DOCUMENT RETENTION POLICIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3REGINA LUMINIS ACADEMY'S COMPENSATION TO THE HEADMASTER, TEACHERS AND EMPLOYEE IS REVIEWED ANNUALLY BY THE BOARD. THE SCHOOL STRIVES TO PAY WAGES THAT ARE FAIR AND REASONABLE IN LIGHT OF SALARIES COMPARABLE FOR THE APPLICABLE JOB DESCRIPTIONS IN THE REGION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4REGINA LUMINIS ACADEMY'S COMPENSATION TO THE HEADMASTER, TEACHERS AND EMPLOYEE IS REVIEWED ANNUALLY BY THE BOARD. THE SCHOOL STRIVES TO PAY WAGES THAT ARE FAIR AND REASONABLE IN LIGHT OF SALARIES COMPARABLE FOR THE APPLICABLE JOB DESCRIPTIONS IN THE REGION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/WebsiteAddressTxt0WWW.REGINALUMINISACADEMY.COM
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ReturnHeader/PreparerPersonGrp/PreparationDt02018-05-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GEORGE R O'CONNELL
ReturnHeader/ReturnTs02018-05-14T15:16:52-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

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