Civic Intelligence

Main Line Classical Academy

990 • Fiscal year 2022 • EIN 47-4907131

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 07, 2023

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

95th percentile

1.05x

Higher debt load relative to assets than 95% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

94th percentile

3.25x

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

14th percentile

-20%

Higher net margin than 14% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

38th percentile

-2.3%

Faster asset growth than 38% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

54th percentile

8.2%

Faster revenue growth than 54% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$4,238,246

Down $100,790 (-2.3%) from 2021

Net Assets

Down

-$206,336

Down $283,873 (-366%) from 2021

Liabilities

Up

$4,444,582

Up $183,083 (+4.3%) from 2021

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin14th percentile

Revenue

Up

$1,367,037

Up $103,768 (+8.2%) from 2021

Expenses

Up

$1,646,489

Up $224,757 (+16%) from 2021

Net Income

Down

-$279,452

Down $120,989 (-76%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth38th percentile

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

2022

Assets$4,238,246
Liabilities$4,444,582
Net Assets-$206,336
Open 2022 Filing

Operations Trend

Revenue Growth54th percentile

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

2022

Revenue$1,367,037
Expenses$1,646,489
Net Income-$279,452
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 7, 2023
Return Version
2022v5.0
Gross Receipts
$1,382,740
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$4,111,536$4,295,864▲ $184,328
Land, Buildings, and Equipment, Net$1,763,421$1,720,970▼ $42,451
Savings and Temporary Cash Investments$100$996,170▲ $996,070
Cash and Non-Interest-Bearing Accounts$1,166,355$111,946▼ $1,054,409
Total Assets$4,339,036$4,238,246▼ $100,790
Other Assets Total$1,409,160$1,409,160→ $0
Liabilities
Other Liabilities$150,000$148,718▼ $1,282
Accounts Payable and Accrued Expenses$-37--
Total Liabilities$4,261,499$4,444,582▲ $183,083
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$77,537$-206,336▼ $283,873
Total Net Assets Fund Balance$77,537$-206,336▼ $283,873
Total Liabilities and Net Assets / Fund Balance$4,339,036$4,238,246▼ $100,790

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,317,046$284,511$1,601,557
Land$391,470-$391,470
Other Land Buildings$12,454$30,130$42,584
Other Assets Org$4,450--
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Matthew SigelmanPresident
Joshua TicktinTreasurer
Asya SigelmanVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$184,089
Program Service Revenue
$1,187,515
Investment Income
$11,136
Other Revenue
$-15,703
All Other Contributions
$135,089
Change in Net Assets
$-279,452
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,195,692
Other Expenses$450,797
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,074,169--$1,074,169
Interest-$184,328-$184,328
Payroll Taxes$89,852--$89,852
Office Expenses$67,722--$67,722
Depreciation Depletion$42,449--$42,449
Other Employee Benefits$31,671--$31,671
Occupancy$30,279--$30,279
Fees for Services Legal-$19,465-$19,465
Fees for Services Other-$11,843-$11,843
Fees for Services Accounting-$6,750-$6,750
Advertising$5,775--$5,775
Other Expenses$4,869--$4,869
Insurance-$1,348-$1,348
Total Functional Expenses$1,422,755$223,734$0$1,646,489
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
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$4,111,536$4,295,864▲ $184,328
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
L/p - Sba Eidl Loan$148,718
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
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

“Form 990, part vi, section c, question 19: the organization has been filing form 990 since 2016, as they were only required to file form 990-n 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 upon request. 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 a 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, Page 6, Part VI, Line 2

“Matthew sigelman asya sigelman president vp spouses”

Form 990, Page 6, Part VI, Line 11B

“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, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Main Line Classical Academy
EIN
47-4907131
Phone
6105252300
Address
455 S ROBERTS ROAD, BRYN MAWR, PA 19010

Signing Officer

Name
Joshua Ticktin
Title
Treasurer
Phone
6105252300
Signed
2023-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joshua Ticktin
Formed
2015
Legal Domicile
Pa
Voting Board Members
3
Independent Board Members
3
Employees
35

Preparer

Firm
Baitzel & Company Pc
Address
100 W SIXTH STREET SUITE 304, MEDIA, PA 19063
Preparer
Gregory W Baitzel CPA
Phone
6108911666
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“Operating an independent, co-educational and multi-denominational primary school, forms 1-10 (ages 5-16) built on a commitment to the classical liberal arts curriculum combining elements of the western classical and the american pedagogical traditions.”

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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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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0MATTHEW SIGELMAN
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm2MATTHEW SIGELMAN
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IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0SCHEDULE L, PART II, LINE 1: MATTHEW 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. SCHEDULE L, PART II, LINE 2: MATTHEW SIGELMAN, PRESIDENT, LOANED THE ENTITY 1,275,000 TO ASSIST IN PURCHASING AN ADDITIONAL SCHOOL BUILDING. THE LOAN IS ACCRUING INTEREST AT 4.45%. ANY UNPAID INTEREST IS ADDED TO THE OUTSTANDING LOAN PRINCIPAL AMOUNT. SCHEDULE L, PART II, LINE 3: MATTHEW SIGELMAN, PRESIDENT, LOANED THE ENTITY 133,500, AT VARIOUS DATES IN 2015 AND 2016, TO ASSIST IN THE ENTITY'S CASH FLOW.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OPERATING AN INDEPENDENT, CO-EDUCATIONAL AND MULTI-DENOMINATIONAL PRIMARY SCHOOL, FORMS 1-10 (AGES 5-16) BUILT ON A COMMITMENT TO THE CLASSICAL LIBERAL ARTS CURRICULUM COMBINING ELEMENTS OF THE WESTERN CLASSICAL AND THE AMERICAN PEDAGOGICAL TRADITIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990, PART VI, SECTION C, QUESTION 19: THE ORGANIZATION HAS BEEN FILING FORM 990 SINCE 2016, AS THEY WERE ONLY REQUIRED TO FILE FORM 990-N 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 UPON REQUEST. 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 A 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/ExplanationTxt2MATTHEW SIGELMAN ASYA SIGELMAN PRESIDENT VP SPOUSES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/ReturnTs02023-11-10T13:07:48-05:00
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ReturnHeader/TaxPeriodBeginDt02022-01-01
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ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,238,246
Liabilities
$4,444,582
Net assets
-$206,336
Revenue
$1,367,037
Expenses
$1,646,489
Net income
-$279,452
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