Civic Intelligence

Main Line Classical Academy

990 • Fiscal year 2023 • EIN 47-4907131

Jan 01, 2023 to Dec 31, 2023 • Filed on Oct 15, 2024

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

94th percentile

1.03x

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

94th percentile

2.58x

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

46th percentile

2.2%

Higher net margin than 46% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

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.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

54th percentile

6.1%

Faster asset growth than 54% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

76th percentile

32%

Faster revenue growth than 76% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets94th percentile

Assets

Up

$4,495,366

Up $257,120 (+6.1%) from 2022

Net Assets

Up

-$151,653

Up $54,683 (+27%) from 2022

Liabilities

Up

$4,647,019

Up $202,437 (+4.6%) from 2022

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin46th percentile

Revenue

Up

$1,799,180

Up $432,143 (+32%) from 2022

Expenses

Up

$1,759,963

Up $113,474 (+6.9%) from 2022

Net Income

Up

$39,217

Up $318,669 (+114%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth54th 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

2023

Assets$4,495,366
Liabilities$4,647,019
Net Assets-$151,653
Open 2023 Filing

Operations Trend

Revenue Growth76th 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

2023

Revenue$1,799,180
Expenses$1,759,963
Net Income$39,217
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Oct 15, 2024
Return Version
2023v5.0
Gross Receipts
$2,143,390
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$4,295,864$4,488,455▲ $192,591
Land, Buildings, and Equipment, Net$1,720,970$1,678,627▼ $42,343
Savings and Temporary Cash Investments$996,170$1,312,048▲ $315,878
Cash and Non-Interest-Bearing Accounts$111,946$95,531▼ $16,415
Total Assets$4,238,246$4,495,366▲ $257,120
Other Assets Total$1,409,160$1,409,160→ $0
Liabilities
Other Liabilities$148,718$141,026▼ $7,692
Accounts Payable and Accrued Expenses-$17,538-
Total Liabilities$4,444,582$4,647,019▲ $202,437
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-206,336$-151,653▲ $54,683
Total Net Assets Fund Balance$-206,336$-151,653▲ $54,683
Total Liabilities and Net Assets / Fund Balance$4,238,246$4,495,366▲ $257,120

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,287,157$356,984$1,644,141
Land$391,470-$391,470
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
$244,535
Program Service Revenue
$1,503,533
Investment Income
$51,112
Other Revenue
$0
All Other Contributions
$244,535
Change in Net Assets
$39,217
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,318,909
Other Expenses$441,054
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,217,207--$1,217,207
Interest-$192,592-$192,592
Payroll Taxes$101,702--$101,702
Occupancy$51,305--$51,305
Office Expenses$46,528--$46,528
Depreciation Depletion$42,345--$42,345
Advertising$18,725--$18,725
Fees for Services Legal-$10,430-$10,430
Insurance-$7,046-$7,046
Fees for Services Other-$5,500-$5,500
Fees for Services Accounting-$3,750-$3,750
Other Expenses$3,102--$3,102
All Other Expenses$35--$35
Total Functional Expenses$1,540,645$219,318$0$1,759,963
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$4,295,864$4,488,455▲ $192,591
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
L/p - Sba Eidl Loan$141,026
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
2024-10-15
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
36

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.”

Raw XML Appendix367 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt017538
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO PROMOTE ACADEMIC, MULTI-DENOMINATIONAL, SOCIAL AND CULTURAL GROWTH IN CHILDREN.
IRS990/AdvertisingGrp/ProgramServicesAmt018725
IRS990/AdvertisingGrp/TotalAmt018725
IRS990/AllOtherContributionsAmt0244535
IRS990/AllOtherExpensesGrp/ProgramServicesAmt035
IRS990/AllOtherExpensesGrp/TotalAmt035
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BooksInCareOfDetail/PersonNm0JOSHUA TICKTIN
IRS990/BooksInCareOfDetail/PhoneNum06105252300
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0455 S ROBERTS ROAD
IRS990/BooksInCareOfDetail/USAddress/CityNm0BRYN MAWR
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0PA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd019010
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0111946
IRS990/CashNonInterestBearingGrp/EOYAmt095531
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0244535
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt051112
IRS990/CYOtherExpensesAmt0441054
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt01503533
IRS990/CYRevenuesLessExpensesAmt039217
IRS990/CYSalariesCompEmpBnftPaidAmt01318909
IRS990/CYTotalExpensesAmt01759963
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01799180
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt042345
IRS990/DepreciationDepletionGrp/TotalAmt042345
IRS990/Desc0OPERATING AN INDEPENDENT, CO-EDUCATIONAL AND MULTI-DENOMINATIONAL PRIMARY SCHOOL, FORMS 1-12 (AGES 5-17) BUILT ON A COMMITMENT TO THE CLASSICAL LIBERAL ARTS CURRICULUM COMBINING ELEMENTS OF THE WESTERN CLASSICAL AND THE AMERICAN PEDAGOGICAL TRADITIONS.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt036
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/FamilyOrBusinessRlnInd0true
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt03750
IRS990/FeesForServicesAccountingGrp/TotalAmt03750
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt010430
IRS990/FeesForServicesLegalGrp/TotalAmt010430
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt05500
IRS990/FeesForServicesOtherGrp/TotalAmt05500
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt04.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt112.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt26.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/PersonNm0MATTHEW SIGELMAN
IRS990/Form990PartVIISectionAGrp/PersonNm1ASYA SIGELMAN
IRS990/Form990PartVIISectionAGrp/PersonNm2JOSHUA TICKTIN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr02015
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/SecuritiesAmt0113
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0344323
IRS990/GrossReceiptsAmt02143390
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt03
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt07046
IRS990/InsuranceGrp/TotalAmt07046
IRS990/InterestGrp/ManagementAndGeneralAmt0192592
IRS990/InterestGrp/TotalAmt0192592
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt050999
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt050999
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0356984
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01720970
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01678627
IRS990/LandBldgEquipCostOrOtherBssAmt02035611
IRS990/LegalDomicileStateCd0PA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0344210
IRS990/LoanOutstandingInd0true
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt04295864
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt04488455
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO PROMOTE ACADEMIC, MULTI-DENOMINATIONAL, SOCIAL AND CULTURAL GROWTH IN CHILDREN.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0-206336
IRS990/NetAssetsOrFundBalancesEOYAmt0-151653
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0113
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0113
IRS990/NetUnrlzdGainsLossesInvstAmt015466
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-206336
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-151653
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt051305
IRS990/OccupancyGrp/TotalAmt051305
IRS990/OfficeExpensesGrp/ProgramServicesAmt046528
IRS990/OfficeExpensesGrp/TotalAmt046528
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01409160
IRS990/OtherAssetsTotalGrp/EOYAmt01409160
IRS990/OtherExpensesGrp/Desc0FACILITIES AND EQUIPMENT
IRS990/OtherExpensesGrp/Desc1OTHER COSTS AND FEES
IRS990/OtherExpensesGrp/Desc2PAYROLL SERVICE FEES
IRS990/OtherExpensesGrp/Desc3TELECOMMUNICATIONS
IRS990/OtherExpensesGrp/ProgramServicesAmt034273
IRS990/OtherExpensesGrp/ProgramServicesAmt120257
IRS990/OtherExpensesGrp/ProgramServicesAmt25166
IRS990/OtherExpensesGrp/ProgramServicesAmt33102
IRS990/OtherExpensesGrp/TotalAmt034273
IRS990/OtherExpensesGrp/TotalAmt120257
IRS990/OtherExpensesGrp/TotalAmt25166
IRS990/OtherExpensesGrp/TotalAmt33102
IRS990/OtherLiabilitiesGrp/BOYAmt0148718
IRS990/OtherLiabilitiesGrp/EOYAmt0141026
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01217207
IRS990/OtherSalariesAndWagesGrp/TotalAmt01217207
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt0101702
IRS990/PayrollTaxesGrp/TotalAmt0101702
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0JOSHUA TICKTIN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01503533
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01503533
IRS990/ProgSrvcAccomActyOtherGrp/Desc0OPERATING 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.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt01540645
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0184089
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt011136
IRS990/PYOtherExpensesAmt0450797
IRS990/PYOtherRevenueAmt0-15703
IRS990/PYProgramServiceRevenueAmt01187515
IRS990/PYRevenuesLessExpensesAmt0-279452
IRS990/PYSalariesCompEmpBnftPaidAmt01195692
IRS990/PYTotalExpensesAmt01646489
IRS990/PYTotalRevenueAmt01367037
IRS990/ReconcilationRevenueExpnssAmt039217
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0996170
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01312048
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/LandGrp/BookValueAmt0391470
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0391470
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01404710
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt14450
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0INVESTMENTS - BUILDING AND LAND
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1SECURITY DEPOSITS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01287157
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0356984
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01644141
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0141026
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0L/P - SBA EIDL LOAN
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01678627
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01409160
IRS990ScheduleD/TotalLiabilityAmt0141026
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/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL HAS PUBLICIZED ITS RACIALLY NONDISCRIMINTORY POLICY THROUGH ITS WEBSITE AND NEWSLETTERS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1MAIN LINE ACADEMY DOES NOT OFFER ANY SCHOLARSHIPS OR FINANCIAL ASSISTANCE.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 4
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt02793157
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt11508874
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt2186424
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd2true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd1false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd2false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0CASH FLOW
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1CASH FLOW
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt2CASH FLOW
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd2X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt01957350
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt11275000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt2133500
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0MATTHEW SIGELMAN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1MATTHEW SIGELMAN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm2MATTHEW SIGELMAN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0PRESIDENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1PRESIDENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt2PRESIDENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd2true
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.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
IRS990ScheduleL/TotalBalanceDueAmt04488455
IRS990/ScheduleORequiredInd0false
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
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0PA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt04238246
IRS990/TotalAssetsEOYAmt04495366
IRS990/TotalAssetsGrp/BOYAmt04238246
IRS990/TotalAssetsGrp/EOYAmt04495366
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0244535
IRS990/TotalEmployeeCnt036
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0219318
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01540645
IRS990/TotalFunctionalExpensesGrp/TotalAmt01759963
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04444582
IRS990/TotalLiabilitiesEOYAmt04647019
IRS990/TotalLiabilitiesGrp/BOYAmt04444582
IRS990/TotalLiabilitiesGrp/EOYAmt04647019
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-206336
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-151653
IRS990/TotalOtherProgSrvcExpenseAmt01540645
IRS990/TotalProgramServiceExpensesAmt01540645
IRS990/TotalProgramServiceRevenueAmt01503533
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01554645
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01799180
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04238246
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04495366
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0455 S ROBERTS ROAD
IRS990/USAddress/CityNm0BRYN MAWR
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd019010
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.MAINLINECLASSICAL.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOSHUA TICKTIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06105252300
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-10-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MAIN LINE CLASSICAL ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0MAIN
ReturnHeader/Filer/EIN0474907131
ReturnHeader/Filer/PhoneNum06105252300
ReturnHeader/Filer/USAddress/AddressLine1Txt0455 S ROBERTS ROAD
ReturnHeader/Filer/USAddress/CityNm0BRYN MAWR
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd019010
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0232867550
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BAITZEL & COMPANY PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0100 W SIXTH STREET SUITE 304
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MEDIA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd019063
ReturnHeader/PreparerPersonGrp/PhoneNum06108911666
ReturnHeader/PreparerPersonGrp/PreparationDt02024-10-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GREGORY W BAITZEL CPA
ReturnHeader/ReturnTs02024-10-15T15:56:16-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,495,366
Liabilities
$4,647,019
Net assets
-$151,653
Revenue
$1,799,180
Expenses
$1,759,963
Net income
$39,217
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