Civic Intelligence

Main Line Classical Academy

990 • Fiscal year 2016 • EIN 47-4907131

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 15, 2017

Organization ProfileWWW.MAINLINECLASSICAL.ORG
455 S Roberts RoadBryn Mawr, PA 19010

(610) 525-2300

Siviq Scores

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

Liabilities / Assets

91st percentile

0.98x

Higher debt load relative to assets than 91% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

96th percentile

7.08x

Higher debt load relative to revenue than 96% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

73rd percentile

13%

Higher net margin than 73% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

Score unavailable

No value available

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

Source year 2016

Revenue Growth

Score unavailable

No value available

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

Source year 2016

Balance Sheet
Liabilities / Assets91st percentile

Assets

$1,993,625

No earlier filing loaded for comparison.

Net Assets

$34,091

No earlier filing loaded for comparison.

Liabilities

$1,959,534

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin73rd percentile

Revenue

$276,653

No earlier filing loaded for comparison.

Expenses

$241,391

No earlier filing loaded for comparison.

Net Income

$35,262

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2016: $1,993,625Liabilities 2016: $1,959,534Net Assets 2016: $34,0912016Assets 2017: $2,065,444Liabilities 2017: $2,137,475Net Assets 2017: -$72,0312017Assets 2018: $2,092,190Liabilities 2018: $2,233,661Net Assets 2018: -$141,4712018Assets 2019: $2,703,427Liabilities 2019: $2,334,176Net Assets 2019: $369,2512019Assets 2020: $4,323,480Liabilities 2020: $4,087,480Net Assets 2020: $236,0002020Assets 2021: $4,339,036Liabilities 2021: $4,261,499Net Assets 2021: $77,5372021Assets 2022: $4,238,246Liabilities 2022: $4,444,582Net Assets 2022: -$206,3362022Assets 2023: $4,495,366Liabilities 2023: $4,647,019Net Assets 2023: -$151,6532023Assets 2024: $4,835,370Liabilities 2024: $4,851,393Net Assets 2024: -$16,0232024

Highlighted filing

2016

Assets$1,993,625
Liabilities$1,959,534
Net Assets$34,091
Open 2016 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2016: $276,653Expenses 2016: $241,391Net Income 2016: $35,2622016Revenue 2017: $555,626Expenses 2017: $660,698Net Income 2017: -$105,0722017Revenue 2018: $655,035Expenses 2018: $724,475Net Income 2018: -$69,4402018Revenue 2019: $1,439,852Expenses 2019: $929,130Net Income 2019: $510,7222019Revenue 2020: $1,086,428Expenses 2020: $1,219,679Net Income 2020: -$133,2512020Revenue 2021: $1,263,269Expenses 2021: $1,421,732Net Income 2021: -$158,4632021Revenue 2022: $1,367,037Expenses 2022: $1,646,489Net Income 2022: -$279,4522022Revenue 2023: $1,799,180Expenses 2023: $1,759,963Net Income 2023: $39,2172023Revenue 2024: $2,029,454Expenses 2024: $1,849,534Net Income 2024: $179,9202024

Highlighted filing

2016

Revenue$276,653
Expenses$241,391
Net Income$35,262
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 15, 2017
Return Version
2016v3.1
Gross Receipts
$276,653
Mission and Program Overview

Mission

To promote academic, multi-denominational, social and cultural growth in children.

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors$1,982,850$1,957,350▼ $25,500
Land, Buildings, and Equipment, Net$1,957,350$1,918,814▼ $38,536
Accounts Receivable$4,000$65,450▲ $61,450
Cash and Non-Interest-Bearing Accounts$20,329$4,911▼ $15,418
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$1,981,679$1,993,625▲ $11,946
Other Assets Total$0$4,450▲ $4,450
Liabilities
Accounts Payable and Accrued Expenses$0$2,184▲ $2,184
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$1,982,850$1,959,534▼ $23,316
Net Assets / Fund Balance
Unrestricted Net Assets$-1,171$34,091▲ $35,262
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$-1,171$34,091▲ $35,262
Total Liabilities and Net Assets / Fund Balance$1,981,679$1,993,625▲ $11,946

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,527,344$38,536$1,565,880
Land$391,470-$391,470
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Matthew SigelmanPresident
Asya SigelmanVice President
Joshua TicktinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$145,264
Program Service Revenue
$120,288
Investment Income
$0
Other Revenue
$11,101
All Other Contributions
$145,264
Change in Net Assets
$35,262
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$122,913
Other Expenses$118,478
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$110,575--$110,575
Depreciation Depletion$38,536--$38,536
Fees for Services Legal-$17,158-$17,158
Occupancy$14,272--$14,272
Fees for Services Other$12,970--$12,970
Office Expenses$11,698--$11,698
Payroll Taxes$10,922--$10,922
Insurance-$6,582-$6,582
Advertising$3,185--$3,185
Other Employee Benefits$1,416--$1,416
Other Expenses$416--$416
Total Functional Expenses$217,651$23,740$0$241,391
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
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$1,982,850$1,957,350▼ $25,500
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
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, Part VI, Section B, Question 12C:

“The organization's bylaws state; "No Director shall permit his position on the Board to create a conflict between his personal business activities and the actions of the Corporation. Nor shall any Director be employed in any capacity by the Corporation of which he or she is a Director, or receive compensation for services rendered to the Corporation, or engage as a private person in any business transaction with the Corporation absent prior disclosure and abstinence from voting." This policy is monitored and self-enforced by each member of the Board.”

Form 990, Part VI, Section C, Question 19:

“This will be the first year the organization files Form 990, as they were only required to file Form 990-N postcard in calendar year 2015, the year the organization was established. Once completed, the organization intends to make their filings (Form 990, Form 1023, etc.) available online as well as available by request.”

Form 990, Part VI, Section B, Question 11B:

“The Form 990 and all related filings are reviewed internally by the organization's Board of Directors and are subject to full Board approval prior to filing.”

Form 990, Part VI, Section A, Question 2:

“Matthew Sigelman (President) & Asya Sigelman (Vice President) are husband and wife.”

Filing and Contact Details

Filer

Filer Name
Main Line Classical Academy
EIN
47-4907131
In Care Of
% MR JOSHUA TICKTIN
Phone
6105252300
Address
455 S Roberts Road, Bryn Mawr, PA 19010

Signing Officer

Name
Mr Joshua Ticktin
Title
Treasurer
Phone
6105252300
Signed
2017-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mr Joshua Ticktin
Formed
2015
Legal Domicile
Pa
Voting Board Members
3
Independent Board Members
3
Employees
13
Volunteers
0

Preparer

Firm
Bdo USA Llp
Address
TWO INTERNATIONAL PLACE, BOSTON, MA 02110
Preparer
Christopher Giallongo
Phone
6174220700
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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0120288
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt01527344
IRS990ScheduleD/BuildingsGrp/DepreciationAmt038536
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01565880
IRS990ScheduleD/LandGrp/BookValueAmt0391470
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0391470
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01918814
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0false
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0The school has publicized its racially nondiscriminatory policy through its website and newsletters.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1Main Line Classical Academy does not offer any scholarships or financial assistance.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Part 1, Line 3:
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Part 1, Line 4d:
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt11957350
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd1false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Cash flow
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1Line of Credit
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt025500
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt11957350
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Matthew Sigelman
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1Matthew Sigelman
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0President
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1President
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd1true
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0Matthew Sigelman, president, loaned the entity $25,500 to aid with cash flow while the entity was in its first year of operations. Once the entity began generating enough revenue, the loan was forgiven and treated as a contribution by the entity.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0Sch. L, Part II, Line 1:
IRS990ScheduleL/TotalBalanceDueAmt01957350
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The organization's bylaws state; "No Director shall permit his position on the Board to create a conflict between his personal business activities and the actions of the Corporation. Nor shall any Director be employed in any capacity by the Corporation of which he or she is a Director, or receive compensation for services rendered to the Corporation, or engage as a private person in any business transaction with the Corporation absent prior disclosure and abstinence from voting." This policy is monitored and self-enforced by each member of the Board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1This will be the first year the organization files Form 990, as they were only required to file Form 990-N postcard in calendar year 2015, the year the organization was established. Once completed, the organization intends to make their filings (Form 990, Form 1023, etc.) available online as well as available by request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Form 990 and all related filings are reviewed internally by the organization's Board of Directors and are subject to full Board approval prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Matthew Sigelman (President) & Asya Sigelman (Vice President) are husband and wife.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Question 12c:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Question 19:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Question 11b:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section A, Question 2:
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0PA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt00
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt00
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt00
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01981679
IRS990/TotalAssetsEOYAmt01993625
IRS990/TotalAssetsGrp/BOYAmt01981679
IRS990/TotalAssetsGrp/EOYAmt01993625
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0145264
IRS990/TotalEmployeeCnt013
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt023740
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0217651
IRS990/TotalFunctionalExpensesGrp/TotalAmt0241391
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01982850
IRS990/TotalLiabilitiesEOYAmt01959534
IRS990/TotalLiabilitiesGrp/BOYAmt01982850
IRS990/TotalLiabilitiesGrp/EOYAmt01959534
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1171
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt034091
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0217651
IRS990/TotalProgramServiceRevenueAmt0120288
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt011101
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0120288
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0276653
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01981679
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01993625
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-1171
IRS990/UnrestrictedNetAssetsGrp/EOYAmt034091
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt00
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt00

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,993,625
Liabilities
$1,959,534
Net assets
$34,091
Revenue
$276,653
Expenses
$241,391
Net income
$35,262
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.84$4.85$0.02$2.03$1.85$0.18
2023Detailed filing. Detailed filing data is available for this year.$4.50$4.65$0.15$1.80$1.76$0.04
2022Detailed filing. Detailed filing data is available for this year.$4.24$4.44$0.21$1.37$1.65$0.28
2021Detailed filing. Detailed filing data is available for this year.$4.34$4.26$0.08$1.26$1.42$0.16
2020Detailed filing. Detailed filing data is available for this year.$4.32$4.09$0.24$1.09$1.22$0.13
2019Detailed filing. Detailed filing data is available for this year.$2.70$2.33$0.37$1.44$0.93$0.51
2018Detailed filing. Detailed filing data is available for this year.$2.09$2.23$0.14$0.66$0.72$0.07
2017Detailed filing. Detailed filing data is available for this year.$2.07$2.14$0.07$0.56$0.66$0.11
2016Detailed filing. Detailed filing data is available for this year.$1.99$1.96$0.03$0.28$0.24$0.04