Civic Intelligence

Main Line Classical Academy

990 • Fiscal year 2017 • EIN 47-4907131

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 15, 2018

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

92nd percentile

1.03x

Higher debt load relative to assets than 92% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

94th percentile

3.85x

Higher debt load relative to revenue than 94% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

14th percentile

-19%

Higher net margin than 14% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

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.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

51st percentile

3.6%

Faster asset growth than 51% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

93rd percentile

101%

Faster revenue growth than 93% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$2,065,444

Up $71,819 (+3.6%) from 2016

Net Assets

Down

-$72,031

Down $106,122 (-311%) from 2016

Liabilities

Up

$2,137,475

Up $177,941 (+9.1%) from 2016

Revenue

Up

$555,626

Up $278,973 (+101%) from 2016

Expenses

Up

$660,698

Up $419,307 (+174%) from 2016

Net Income

Down

-$105,072

Down $140,334 (-398%) from 2016

Historical Trend

Balance Sheet Trend

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

2017

Assets$2,065,444
Liabilities$2,137,475
Net Assets-$72,031

Operations Trend

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

2017

Revenue$555,626
Expenses$660,698
Net Income-$105,072
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 15, 2018
Return Version
2017v2.3
Gross Receipts
$760,106
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$1,957,350$2,137,475▲ $180,125
Land, Buildings, and Equipment, Net$1,918,814$1,924,325▲ $5,511
Accounts Receivable$65,450$75,714▲ $10,264
Investments in Publicly Traded Securities$0$51,240▲ $51,240
Cash and Non-Interest-Bearing Accounts$4,911$9,552▲ $4,641
Savings and Temporary Cash Investments$0$163▲ $163
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
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$1,993,625$2,065,444▲ $71,819
Other Assets Total$4,450$4,450→ $0
Liabilities
Accounts Payable and Accrued Expenses$2,184$0▼ $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$1,959,534$2,137,475▲ $177,941
Net Assets / Fund Balance
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Unrestricted Net Assets$34,091$-72,031▼ $106,122
Total Net Assets Fund Balance$34,091$-72,031▼ $106,122
Total Liabilities and Net Assets / Fund Balance$1,993,625$2,065,444▲ $71,819

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,522,376$79,181$1,601,557
Land$391,470-$391,470
Other Land Buildings$10,479$552$11,031
Compensation and Service Providers

Board Members and Trustees

NameTitle
Matthew SigelmanPresident
Asya SigelmanVice President
Joshua TicktinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$291,511
Program Service Revenue
$253,318
Investment Income
$8,414
Other Revenue
$2,383
All Other Contributions
$291,511
Change in Net Assets
$-105,072

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 Traded14,000$256,770Fair Market Value (FMV)
Total Noncash Contributions14,000$256,770-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$338,810
Salaries, Compensation, and Employee Benefits$321,888
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$297,817--$297,817
Interest-$180,308-$180,308
Depreciation Depletion$41,197--$41,197
Office Expenses$27,917--$27,917
Payroll Taxes$21,219--$21,219
Fees for Services Legal-$16,540-$16,540
All Other Expenses$14,085--$14,085
Occupancy$13,585--$13,585
Fees for Services Other-$9,637-$9,637
Insurance-$7,300-$7,300
Advertising$7,070--$7,070
Other Employee Benefits$2,852--$2,852
Other Expenses$1,404$25-$1,404
Fees for Services Accounting-$1,000-$1,000
Total Functional Expenses$445,888$214,810$0$660,698
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$1,957,350$2,137,475▲ $180,125
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 second 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 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
2018-11-15
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
15

Preparer

Firm
Bdo USA Llp
Address
ONE INTERNATIONAL PLACE, BOSTON, MA 02110
Preparer
Christopher Giallongo
Phone
6174220700
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IRS990/PYInvestmentIncomeAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0118478
IRS990/PYOtherRevenueAmt011101
IRS990/PYProgramServiceRevenueAmt0120288
IRS990/PYRevenuesLessExpensesAmt035262
IRS990/PYSalariesCompEmpBnftPaidAmt0122913
IRS990/PYTotalExpensesAmt0241391
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0276653
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-105072
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0253318
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0163
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt01522376
IRS990ScheduleD/BuildingsGrp/DepreciationAmt079181
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01601557
IRS990ScheduleD/LandGrp/BookValueAmt0391470
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0391470
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt010479
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0552
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt011031
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01924325
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/BalanceDueAmt02137475
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Cash flow
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt01957350
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Matthew Sigelman
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0President
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0Matthew Sigelman, President, loaned the entity $1,957,350 to assist in purchasing the school building out of which the entity operates. The loan is accruing interest at 4.5%. Any unpaid interest is added to the outstanding loan principal amount.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0Sch. L, Part II, Line 1:
IRS990ScheduleL/TotalBalanceDueAmt02137475
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt014000
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt0256770
IRS990ScheduleM/ThirdPartiesUsedInd0false
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 second 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 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/TotalAssetsBOYAmt01993625
IRS990/TotalAssetsEOYAmt02065444
IRS990/TotalAssetsGrp/BOYAmt01993625
IRS990/TotalAssetsGrp/EOYAmt02065444
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0291511
IRS990/TotalEmployeeCnt015
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0214810
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0445888
IRS990/TotalFunctionalExpensesGrp/TotalAmt0660698
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01959534
IRS990/TotalLiabilitiesEOYAmt02137475
IRS990/TotalLiabilitiesGrp/BOYAmt01959534
IRS990/TotalLiabilitiesGrp/EOYAmt02137475
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt034091
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-72031
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0445888
IRS990/TotalProgramServiceRevenueAmt0253318
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt010797
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0253318
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0555626
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01993625
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02065444
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt034091
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-72031

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