Civic Intelligence

Philadelphia Classical School

990 • Fiscal year 2021 • EIN 45-3636604

Aug 01, 2020 to Jul 31, 2021 • Filed on Nov 18, 2021

PO Box 2428Philadelphia, PA 19147

(267) 990-2698

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.49x

Higher debt load relative to assets than 83% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

66th percentile

0.21x

Higher debt load relative to revenue than 66% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

29th percentile

1.5%

Higher net margin than 29% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

68th percentile

$97,006

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 4.4% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

59th percentile

14%

Faster asset growth than 59% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

41st percentile

5.3%

Faster revenue growth than 41% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$956,593

Up $118,055 (+14%) from 2020

Net Assets

Up

$484,799

Up $32,612 (+7.2%) from 2020

Liabilities

Up

$471,794

Up $85,443 (+22%) from 2020

Revenue

Up

$2,208,711

Up $110,435 (+5.3%) from 2020

Expenses

Up

$2,176,099

Up $316,951 (+17%) from 2020

Net Income

Down

$32,612

Down $206,516 (-86%) from 2020

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2013: $116,984Liabilities 2013: $45,272Net Assets 2013: $71,7122013Assets 2014: $47,703Liabilities 2014: $22,894Net Assets 2014: $24,8092014Assets 2015: $57,815Liabilities 2015: $23,534Net Assets 2015: $34,2812015Assets 2016: $228,475Liabilities 2016: $85,134Net Assets 2016: $143,3412016Assets 2017: $335,638Liabilities 2017: $82,425Net Assets 2017: $253,2132017Assets 2018: $347,023Liabilities 2018: $100,562Net Assets 2018: $246,4612018Assets 2019: $379,445Liabilities 2019: $166,386Net Assets 2019: $213,0592019Assets 2020: $838,538Liabilities 2020: $386,351Net Assets 2020: $452,1872020Assets 2021: $956,593Liabilities 2021: $471,794Net Assets 2021: $484,7992021Assets 2022: $2,182,932Liabilities 2022: $1,422,267Net Assets 2022: $760,6652022Assets 2023: $2,545,723Liabilities 2023: $1,734,282Net Assets 2023: $811,4412023Assets 2024: $2,968,820Liabilities 2024: $1,991,150Net Assets 2024: $977,6702024Assets 2025: $1,467,400Liabilities 2025: $531,603Net Assets 2025: $935,7972025

Highlighted filing

2021

Assets$956,593
Liabilities$471,794
Net Assets$484,799

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2013: $173,103Expenses 2013: $104,258Net Income 2013: $68,8452013Revenue 2014: $187,699Expenses 2014: $234,601Net Income 2014: -$46,9022014Revenue 2015: $313,431Expenses 2015: $303,959Net Income 2015: $9,4722015Revenue 2016: $552,878Expenses 2016: $443,818Net Income 2016: $109,0602016Revenue 2017: $797,687Expenses 2017: $687,815Net Income 2017: $109,8722017Revenue 2018: $1,039,577Expenses 2018: $1,046,329Net Income 2018: -$6,7522018Revenue 2019: $1,697,956Expenses 2019: $1,731,358Net Income 2019: -$33,4022019Revenue 2020: $2,098,276Expenses 2020: $1,859,148Net Income 2020: $239,1282020Revenue 2021: $2,208,711Expenses 2021: $2,176,099Net Income 2021: $32,6122021Revenue 2022: $2,613,341Expenses 2022: $2,337,475Net Income 2022: $275,8662022Revenue 2023: $2,830,968Expenses 2023: $2,780,192Net Income 2023: $50,7762023Revenue 2024: $3,814,009Expenses 2024: $3,647,843Net Income 2024: $166,1662024Revenue 2025: $4,158,836Expenses 2025: $4,200,709Net Income 2025: -$41,8732025

Highlighted filing

2021

Revenue$2,208,711
Expenses$2,176,099
Net Income$32,612
Jump To
Filing Snapshot
Filing Period
Aug 1, 2020 to Jul 31, 2021
Signed
Nov 18, 2021
Return Version
2020v4.0
Gross Receipts
$2,208,711
Mission and Program Overview

Mission

The organization exists to assist in the education of students ages kindergarten through 12th grade in a private christian school. The organization exists to serve families by education with excellence in a christ-centered community through classical methodology.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$734,776$807,310▲ $72,534
Cash and Non-Interest-Bearing Accounts$75,525$84,973▲ $9,448
Accounts Receivable-$39,481-
Land, Buildings, and Equipment, Net$10,261$23,320▲ $13,059
Investments in Publicly Traded Securities$1,006$1,006→ $0
Prepaid Expenses and Deferred Charges$16,970$503▼ $16,467
Total Assets$838,538$956,593▲ $118,055
Liabilities
Deferred Revenue$198,494$270,355▲ $71,861
Unsecured Notes Loans Payable$161,500$161,500→ $0
Other Liabilities$23,336$39,939▲ $16,603
Accounts Payable and Accrued Expenses$3,021--
Total Liabilities$386,351$471,794▲ $85,443
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$452,187$484,799▲ $32,612
Total Net Assets Fund Balance$452,187$484,799▲ $32,612
Total Liabilities and Net Assets / Fund Balance$838,538$956,593▲ $118,055

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$23,320$22,835$46,155
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Katharine SavageHead of SchoFT$90,000$7,006$97,006

Board Members and Trustees

NameTitle
Michael MillerBoard Chair
Jenny ElliottVoting Board
Kevin KleinschmidtVoting Board
Steve WilliamsonVoting Board
Ezekiel LimSecretary
Joanne SettelenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$348,487
Program Service Revenue
$1,856,663
Investment Income
$383
Other Revenue
$3,178
All Other Contributions
$325,299
Change in Net Assets
$32,612
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$975,025
Grants and Similar Amounts Paid$841,742
Other Expenses$359,332
Total Fundraising Expense$23,099
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$841,742--$841,742
Other Salaries and Wages$534,809$187,891$22,406$745,106
Occupancy$181,962$1,838-$183,800
Current Officers, Directors, Trustees, and Key Employees-$97,006-$97,006
Office Expenses$53,187$23,678-$76,865
Payroll Taxes$37,420$31,183$693$69,296
Other Employee Benefits$30,799$32,818-$63,617
Fees for Services Accounting$7,723$23,168-$30,891
Conferences and Meetings-$13,408-$13,408
Insurance-$9,718-$9,718
Travel-$4,566-$4,566
Advertising$3,064$1,022-$4,086
Depreciation Depletion$3,520--$3,520
Fees for Services Other$2,074--$2,074
Other Expenses$22,615$1,881-$1,881
Information Technology-$635-$635
Total Functional Expenses$1,718,915$434,085$23,099$2,176,099
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$228
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Read-a-thon$22,354---
Total Events$22,354---
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Board MemberConstructionNo$170,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Parent Association$39,939
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
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 is given to each board memeber for review

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

The conflict of interest policy is presented to the board annually and board members are asked to disclose any conflicts of interest they have.

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

The board approves an evaluation rubric for katharine, including numeric metrics, board committee of trustees reviews her performance at the end of the year, making a recommendation to the board as to her salary, which the board then approves.

Form 990, Page 6, Part VI, Line 19

The organization considers requests to disclose these documents on a case by case basis.

Filing and Contact Details

Filer

Filer Name
Philadelphia Classical School
EIN
45-3636604
Phone
2679902698
Address
PO BOX 2428, PHILADELPHIA, PA 19147

Signing Officer

Name
Katharine Savage
Title
Head of School
Phone
2674438919
Signed
2021-11-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Miller
Formed
2011
Legal Domicile
Pa
Voting Board Members
7
Independent Board Members
7
Employees
35
Volunteers
25

Preparer

Firm
Detweiler Hershey & Associates Pc
Address
PO BOX 64157, SOUDERTON, PA 18964-0157
Preparer
Michael a Mazza
Phone
2157238901
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The organization exists to assist in the education of students ages kindergarten through 12th grade in a private christian school. The organization exists to serve families by education with excellence in a christ-centered community through classical methodology.

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IRS990/PYTotalRevenueAmt02098276
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IRS990/QuidProQuoContriDisclInd0true
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IRS990/ReconcilationRevenueExpnssAmt032612
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01855319
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0734776
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
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IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt046155
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt039939
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PARENT ASSOCIATION
IRS990ScheduleD/TotalBookValueLandBuildingsAmt023320
IRS990ScheduleD/TotalLiabilityAmt039939
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE NON-DISCRIMINATORY POLICY WAS PUBLISHED IN THE PHILADELPHIA AREA DAILY NEWS IN JUNE 2012. THE POLICY IS ALSO LOCATED ON THE SCHOOLS WEBSITE AND INCLUDED WITH EVERY STUDENT APPLICATION.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION RECEIVED MONEY FROM THE COMMONWEALTH OF PA THROUGH ACT 89.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
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IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt022354
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0FINANCIAL AID
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0MJ SETTELEN CONSTRUCTION
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0BOARD MEMBER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0170000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0CONSTRUCTION
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION EXISTS TO ASSIST IN THE EDUCATION OF STUDENTS AGES KINDERGARTEN THROUGH 12TH GRADE IN A PRIVATE CHRISTIAN SCHOOL. THE ORGANIZATION EXISTS TO SERVE FAMILIES BY EDUCATION WITH EXCELLENCE IN A CHRIST-CENTERED COMMUNITY THROUGH CLASSICAL METHODOLOGY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY IS GIVEN TO EACH BOARD MEMEBER FOR REVIEW
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CONFLICT OF INTEREST POLICY IS PRESENTED TO THE BOARD ANNUALLY AND BOARD MEMBERS ARE ASKED TO DISCLOSE ANY CONFLICTS OF INTEREST THEY HAVE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD APPROVES AN EVALUATION RUBRIC FOR KATHARINE, INCLUDING NUMERIC METRICS, BOARD COMMITTEE OF TRUSTEES REVIEWS HER PERFORMANCE AT THE END OF THE YEAR, MAKING A RECOMMENDATION TO THE BOARD AS TO HER SALARY, WHICH THE BOARD THEN APPROVES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION CONSIDERS REQUESTS TO DISCLOSE THESE DOCUMENTS ON A CASE BY CASE BASIS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
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 19
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IRS990/SubjectToProxyTaxInd0false
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IRS990/TerminateOperationsInd0false
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02208711
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0206 ADMIRALS WAY
IRS990/USAddress/CityNm0PHILADELPHIA
IRS990/USAddress/StateAbbreviationCd0PA
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IRS990/WebsiteAddressTxt0WWW.PHILACLASSICAL.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KATHARINE SAVAGE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0HEAD OF SCHOOL
ReturnHeader/BusinessOfficerGrp/PhoneNum02674438919
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PHILADELPHIA CLASSICAL SCHOOL

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