Drexel Neumann Academy
- Assets
- $3.3m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 20
- Location
- Chester, PA
- Founding
- 03/1946
- Data as of
- 06/2022
- EIN
- 20-8083164
Organization Overview
Drexel Neumann Academy is located in Chester, PA. The organization was established in 1946. 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, Drexel Neumann Academy employed 20 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Drexel Neumann 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, Drexel Neumann Academy generated $2.0m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $1.9m during the year ending 06/2022. While expenses have increased by 6.7% per year over the past 4 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
DREXEL NEUMANN ACADEMY IS COMMITTED TO PROVIDING A CATHOLIC ELEMENTARY SCHOOL EDUCATION IN A MULTICULTERAL ENVIRONMENT TO THE CHILDREN OF CHESTER
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL SERVICES, DREXEL NEUMANN ACADEMY IS AN INDEPENDENT CATHOLIC SCHOOL FOR STUDENTS IN GRADES PRE-KINDERGARTEN THROUGH EIGHTH GRADE, SPONSORED BY NEUMANN COLLEGE, THE ARCHDIOCESE OF PHILADELPHIA, KATHARINE DREXEL PARISH AND THE SISTER OF ST. FRANCIS OF PHILADELPHIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Olsen Board Member | $0 | ||
Robert Ianelli Board Member | $0 | ||
Gary Mccarthy ESQ Board Member | $0 | ||
Brian Mccloskey Board Member | $0 | ||
Ernest Menold Finance Chair | $0 | ||
Stephan Pahides Board Member | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $304,293 |
| Related organizations | $150,000 |
| Government grants | $316,682 |
| All other contributions, gifts, grants, and similar amounts not included above | $945,545 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,716,520 |
| Total Program Service Revenue | $188,456 |
| Investment income | $108,983 |
| 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 | $2,013,959 |
| 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 | $1,226,628 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $58,344 |
| Payroll taxes | $119,924 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,565 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,657 |
| Office expenses | $24,860 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $158,963 |
| Travel | $5,124 |
| 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 | $0 |
| Insurance | $9,296 |
| All other expenses | $194,154 |
| Total functional expenses | $1,946,678 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,356,482 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,950,613 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,307,095 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $55,026 |
| 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 | $55,026 |
| Net assets without donor restrictions | $3,252,069 |
| 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 | $3,307,095 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Drexel Neumann Academy has recieved totaling $151,442.
| Awarding Organization | Amount |
|---|---|
Connelly Foundation West Conshohocken, PA PURPOSE: COUNSELING, READING, AND MATH SUPPORT SERVICES | $90,000 |
Ethel S C Smith Memorial Fund 02478-10-D Las Vegas, NV PURPOSE: GENERAL OPERATING | $25,000 |
United Way Of Greater Philadelphia And Southern New Jersey Philadelphia, PA | | $13,962 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $5,900 |
Connelly Foundation West Conshohocken, PA PURPOSE: GENERAL SUPPORT - FDG | $5,000 |
Connelly Foundation West Conshohocken, PA PURPOSE: CAP 2021-22 | $4,418 |
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 |