La Salle Academy
- Assets
- $13.4m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 18
- Location
- Philadelphia, PA
- Founding
- 05/2003
- Data as of
- 06/2022
- EIN
- 04-3733010
Organization Overview
La Salle Academy is located in Philadelphia, PA. The organization was established in 2003. 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 06/2022, LA Salle Academy employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. LA Salle Academy 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 06/2022, LA Salle Academy generated $3.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $1.5m during the year ending 06/2022. While expenses have increased by 1.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
PRIVATE ELEMENTARY SCHOOL FOR ECONOMICALLY, ACADEMICALLY, AND SOCIALLY AT RISK CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRIVATE ELEMENTARY SCHOOL WHICH IS DEDICATED TO EDUCATING CHILDREN IN GRADES THREE THROUGH EIGHT WHOSE LIFE OPPORTUNITIES ARE LIMITED BY FINANCIAL, SOCIAL, AND ACADEMIC CHALLENGES AND WHOSE PARENTS/GUARDIANS DESIRE, BUT CAN NOT AFFORD A CATHOLIC EDUCATION. THE ACADEMY PROVIDES SMALL CLASSES, AN EXTENDED DAY AND YEAR, AND THE ACADEMIC, SOCIAL, AND SPRITUAL SUPPORTS NECESSARY FOR STUDENTS TO BECOME SUCCESSFUL PEOPLE AND LIFELONG LEARNERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Teresa Diamond Principal - Non-Voting | OfficerTrustee | 40 | $99,618 |
Eileen M Maginnis Vice Chair/ Trustee | OfficerTrustee | 1 | $0 |
Carol Melvin Pate Edd Secretary/trustee | OfficerTrustee | 1 | $0 |
John Rilling Treasurer/trustee | OfficerTrustee | 1 | $0 |
John Fenningham ESQ Chairman/trustee | OfficerTrustee | 1 | $0 |
Sr Jeanne Mcgowan Ssj President | OfficerTrustee | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $6,409 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,683,129 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,689,538 |
| Total Program Service Revenue | $13,891 |
| Investment income | $126,176 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $245,245 |
| Net Income from Fundraising Events | $114,844 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,192,420 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $941,109 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $81,581 |
| Payroll taxes | $60,982 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $38,082 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $118,850 |
| Insurance | $9,199 |
| All other expenses | $116,210 |
| Total functional expenses | $1,546,959 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $350 |
| Savings and temporary cash investments | $1,493,690 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $120,000 |
| 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 | $0 |
| Net Land, buildings, and equipment | $4,046,233 |
| Investments—publicly traded securities | $7,776,152 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,436,425 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $10,754,375 |
| Net assets with donor restrictions | $2,682,050 |
| 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 | $13,436,425 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that La Salle Academy has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Clarence J Venne Foundation Richboro, PA PURPOSE: UNRESTRICTED | $5,000 |
Endowment Analysis
| Beg. Balance | $3,097,462 |
| Earnings | -$463,003 |
| Ending Balance | $2,634,459 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Heights Inc Potomac, MD | $28,496,015 | $21,762,530 |
New Foundations Charter School Marlton, NJ | $17,967,778 | $23,202,828 |
Village Community School New York, NY | $70,966,980 | $22,510,782 |
The Foundation Schools Largo, MD | $16,377,358 | $19,826,112 |
Sanford School Inc Hockessin, DE | $33,539,309 | $20,013,159 |
Speyer Legacy School New York, NY | $16,160,814 | $25,812,126 |
Annapolis Area Christian School Association Inc Severn, MD | $29,091,894 | $17,563,578 |
Lancaster Country Day School Lancaster, PA | $75,848,302 | $20,350,115 |
Norwood School Inc Bethesda, MD | $57,964,554 | $24,196,645 |
Freire Charter School Philadelphia, PA | $7,896,247 | $17,871,218 |
Academy In Manayunk Inc Conshohocken, PA | $64,687,092 | $23,625,839 |
Sussex Academy Of Arts & Sciences Inc Georgetown, DE | $42,610,221 | $13,826,672 |