Delphi Academy Of Boston Inc
- Assets
- $3.0m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 30
- Location
- Milton, MA
- Founding
- 12/1982
- Data as of
- 12/2022
- EIN
- 04-2699036
Organization Overview
Delphi Academy Of Boston Inc is located in Milton, MA. The organization was established in 1982. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 12/2022, Delphi Academy Of Boston Inc employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Delphi Academy Of Boston Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Delphi Academy Of Boston Inc generated $2.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $1.5m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
DELPHI ACADEMY OF BOSTON INC IS ORGANIZED EXCLUSIVELY FOR EDUCATIONAL & CHARITABLE PURPOSES. PRIVATE SCHOOL IS THE PRIMARY EXEMPT PURPOSE. TO FULFILL EXEMPT STATUS, THE ORGANIZATION OPERATED A DAY SCHOOL IN MILTON, MA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DELPHI ACADEMY OF BOSTON INC., A MASSACHUSETTS NONPROFIT CORPORATION, IS ORGANIZED EXCLUSIVELY FOR EDUCATIONAL AND CHARITABLE PURPOSES. IN FULFILLING ITS EXEMPT PURPOSE, THE ORGANIZATION OPERATED A DAY SCHOOL LOCATED IN MILTON, MA (THE DELPHI ACADEMY OF BOSTON). TO FULFILL ITS EXEMPT PURPOSE IN THE FUTURE, THE ORGANIZATION WILL CONCENTRATE ON THE EXPANSION AND QUALITY OF ITS K THROUGH 8 GRADE EDUCATIONAL PROGRAM AT ITS DAY SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Corrine Perkins Pres/secretary | OfficerTrustee | 45 | $59,411 |
Phyllis Nuccio Treasurer | OfficerTrustee | 40 | $43,400 |
Dawn Chiarenza Director | Trustee | 40 | $53,350 |
Courtney Ryan Director | Trustee | 0 | $0 |
Rebecca Carvahlo Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $31,639 |
| Related organizations | $0 |
| Government grants | $193,355 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $224,994 |
| Total Program Service Revenue | $1,786,094 |
| Investment income | $14,219 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,025,307 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $156,160 |
| Compensation of current officers, directors, key employees. | $39,040 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $713,875 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $108,632 |
| Payroll taxes | $71,074 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,114 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $45,992 |
| Office expenses | $1,439 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $69,573 |
| Travel | $913 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,647 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,022 |
| Insurance | $0 |
| All other expenses | $54,549 |
| Total functional expenses | $1,535,050 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $176,189 |
| Savings and temporary cash investments | $2,359,394 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $45,000 |
| Net Land, buildings, and equipment | $354,536 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $49,960 |
| Total assets | $2,985,079 |
| Accounts payable and accrued expenses | $20,175 |
| Grants payable | $0 |
| Deferred revenue | $218,309 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $238,484 |
| Net assets without donor restrictions | $2,746,595 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,985,079 |