Springside Chestnut Hill Academy is located in Philadelphia, PA. The organization was established in 1942. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Springside Chestnut Hill Academy employed 381 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Springside Chestnut Hill 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 06/2021, Springside Chestnut Hill Academy generated $49.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $51.1m during the year ending 06/2021. While expenses have increased by 3.7% per year over the past 6 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE EDUCATION, INSTRUCTION AND TRAINING OF CHILDREN AND YOUNG PEOPLE.
Describe the Organization's Program Activity:
SPRINGSIDE CHESTNUT HILL ACADEMY (SCH), THE LARGEST INDEPENDENT SCHOOL IN PHILADELPHIA, OFFERS A RIGOROUS CURRICULUM TO OVER 1,100 STUDENTS FROM OVER 100 REGIONAL ZIP CODES AND INTERNATIONAL ORIGINS. SCH'S EDUCATIONAL MODEL IS DISTINGUISHED BY SINGLE-SEX EDUCATION IN GRADES PRE-K THROUGH 8 FOLLOWED BY A COED UPPER SCHOOL. THIS UNIQUE STRUCTURE EXPRESSES SCH'S BELIEF IN THE BENEFITS OF SINGLE-SEX ACADEMIC INSTRUCTION IN THE LOWER AND MIDDLE GRADES AND RECOGNITION OF THE VALUE OF COEDUCATION IN A STUDENT'S FINAL PREPARATION FOR COLLEGE AND BEYOND.SCH IS DISTINGUISHED BY SIGNATURE PROGRAMS IN ENTREPRENEURIAL LEADERSHIP, ROBOTICS AND ENGINEERING, COLLEGE PREPARATION, NEW MEDIA, OUTDOOR EDUCATION, AND THE ARTS.FOUNDED IN 1861 AND SITUATED ON A 62-ACRE CAMPUS IN CHESTNUT HILL, PHILADELPHIA, THE SCHOOL HAS A LONG HISTORY OF EDUCATIONAL EXCELLENCE, PREPARING STUDENTS TO LEAD LIVES CHARACTERIZED BY THOUGHTFULNESS, INTEGRITY, AND A QUEST TO EFFECT POSITIVE CHANGE.FIVE VALUES SERVE AS THE FOUNDATION FOR OUR TEACHING AND COMMUNITY SPIRIT: DIVERSITY, INTEGRITY, RESILIENCE, COURAGE, AND THOUGHTFULNESS.DISTINCTIVE FEATURES OF SCH FACILITIES:A 19TH CENTURY INN LISTED IN THE NATIONAL REGISTER OF HISTORIC PLACES, 17 LABORATORIES, INCLUDING A 1,600-SQUARE-FOOT STATE-OF-THE-ART ENGINEERING AND ROBOTICS LAB, VIDCAST STUDIO FOR VIDEO AND MUSIC PRODUCTION, IMAGINEERING LAB AND PHYSICS AND ENGINEERING LAB FOR LOWER SCHOOLS, CERTIFIED LEED GOLD SCIENCE & TECHNOLOGY BUILDING, 6 SOL LEWITT INSTALLATIONS AND A VIOLET OAKLEY MURAL, 1/2-ACRE SOLAR ARRAY ROOFTOP INSTALLATION, LOW AND HIGH ROPES CHALLENGE COURSE, 5 PERFORMING ARTS VENUES, FABRICATION AND DESIGN SPACES, INCLUDING 13 3D PRINTERS AND 2 LASER CUTTERS, NEW EARLY CHILDHOOD CENTERPOINTS OF PRIDE:- BETWEEN 2017-2020, SCH TEAMS WON 10 INTER-AC AND STATE CHAMPIONSHIPS.- UPPER SCHOOL STUDENTS HAVE 100+ ELECTIVES TO CHOOSE FROM, INCLUDING FORENSICS, ARCHITECTURAL DESIGN, ADVANCED CREATIVE WRITING & VECTOR CALCULUS.- SCH'S UPPER SCHOOL ROBOTICS TEAM WAS PART OF FIRST'S 2019 DETROIT WORLD CHAMPIONSHIP WINNING ALLIANCE. OVER THE PAST 17 YEARS, THE TEAM HAS FINISHED IN THE TOP 10 AT "WORLDS AND WON THE COVETED FIRST CHAIRMAN'S AWARD 8 TIMES. ROBOTICS STUDENTS HAVE BEEN ACCEPTED INTO THE NATION'S TOP ENGINEERING PROGRAMS, INCLUDING PRINCETON, MIT, CALTECH, PENN, BROWN, COLUMBIA, CORNELL, CARNEGIE MELLON, JOHNS HOPKINS, GEORGIA TECH, CLEMSON, RPI, WPI, ROSE HULMAN AND ALL THREE MILITARY ACADEMIES.- 72% OF SCH FACULTY HOLD ADVANCED DEGREES AND AN AVERAGE OF 18 YEARS' TEACHING EXPERIENCE.- 89% OF STUDENTS IN THE CLASS OF 2021 WERE ACCEPTED INTO ONE OF THEIR TOP TWO COLLEGE CHOICES.- SCH'S UNIQUE CENTER FOR ENTREPRENEURIAL LEADERSHIP CURRICULUM HAS BEEN LICENSED INTERNATIONALLY AND IS RECOGNIZED AS A LEADER IN ENTREPRENEURSHIP EDUCATION. IN 2020-2021, CEL STUDENTS EARNED $10,000 IN SCHOLARSHIPS & GRANTS IN COMPETITIONS SUCH AS GLOBAL YOUTH ENTREPRENEURSHIP, RISING STARTERS, AND TIGER GLOBAL CASE COMPETITION.- RECENT GRADUATES INCLUDE AN OLYMPIC GOLD MEDALIST, THE RECIPIENT OF THE "RISING STAR AWARD" FROM FIRST ROBOTICS, AND A FORBES MAGAZINE "30 UNDER 30" SUMMIT PARTICIPANT AND UN FOUNDATION "TOP 10 FEMALE ENTREPRENEURS TO WATCH."ACHIEVEMENTS OF THE LAST FIVE YEARS:- PHASE II OF CAMPUS MASTER PLAN WAS COMPLETED WITH THE CONSTRUCTION AND OPENING OF THE NEW $34M MCCAUSLAND LOWER SCHOOL AND COMMONS.- THE THREE ACADEMIC DIVISIONS WERE RELOCATED TO THEIR OWN CAMPUSES, STRENGTHENING DIVISIONAL IDENTITY AND RESOURCE MANAGEMENT.- SCH OPENED THE EARLY CHILDHOOD CENTER IN JANUARY 2020, NOW OPERATING AT FULL CAPACITY.- ENROLLMENT HAS GROWN BY 86 STUDENTS AND ATTRITION HAS DROPPED FROM 10.7% TO 3.5%.- STRONG AND CREATIVE LEADERSHIP WAS IMPLEMENTED AT THE DIVISIONAL LEVEL.- WITH INPUT FROM FACULTY, PARENTS, AND STUDENTS, SCH CREATED A NEW MISSION STATEMENT AND CORE VALUES THAT REFLECT THE SCHOOL'S EDUCATIONAL VISION, INCLUDING A PARTICULAR FOCUS ON "DIVERSITY" WITH THE RECENT ADDITION OF 5 BOARD SUB-COMMITTEES/FACULTY/ STAFF HIRING + RETENTION, STUDENT SUCCESS, STUDENT RECRUITMENT + RETENTION, CURRICULUM, AND COMMUNITY ENGAGEMENT.- SCHOOL LEADERSHIP CREATED A STRATEGIC ROADMAP TO GUIDE DECISION-MAKING AT INSTITUTIONAL AND DEPARTMENTAL LEVELS.- DURING THE PANDEMIC, THE SCHOOL STRATEGICALLY PLANNED FOR AND EXECUTED CONTINUOUS EDUCATIONAL PROGRAMMING THROUGH IN-PERSON AND VARIOUS MODES OF REMOTE LEARNING.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Steve Druggan Head Of School | Officer | 50 | $367,320 |
Frank V Aloise Jr Chief Financial Officer | Officer | 50 | $247,512 |
Peter Didonato Chief Innovation Officer | Officer | 50 | $164,747 |
Dave Wilson Head Of Athletics | 50 | $143,210 | |
Jennifer Mchugh Director Of Advancement | 50 | $140,288 | |
Douglas Wainwright Head Of Lower School | 50 | $138,977 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Anchor Management Group Project Management | 6/29/20 | $535,027 |
Culinart Group Inc Dining Services | 6/29/20 | $1,087,077 |
Shearon Environmental Design Company Landscaping | 6/29/20 | $426,209 |
Interstate Maintenance Corporation Janitorial Services | 6/29/20 | $416,252 |
Anchor Management Group Project Management | 6/29/20 | $535,027 |
Intech Construction Llc Building Construct. | 6/29/20 | $20,859,348 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $45,723 |
Related organizations | $0 |
Government grants | $4,625,942 |
All other contributions, gifts, grants, and similar amounts not included above | $2,898,610 |
Noncash contributions included in lines 1a–1f | $267,807 |
Total Revenue from Contributions, Gifts, Grants & Similar | $7,570,275 |
Total Program Service Revenue | $41,520,062 |
Investment income | $291,316 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | -$14,465 |
Net Gain/Loss on Asset Sales | $281,296 |
Net Income from Fundraising Events | -$7,904 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $66,885 |
Miscellaneous Revenue | $0 |
Total Revenue | $49,945,250 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $16,958,293 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $1,072,843 |
Compensation of current officers, directors, key employees. | $1,072,843 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $16,825,844 |
Pension plan accruals and contributions | $1,050,744 |
Other employee benefits | $3,028,157 |
Payroll taxes | $1,175,709 |
Fees for services: Management | $0 |
Fees for services: Legal | $18,666 |
Fees for services: Accounting | $67,014 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $86,755 |
Fees for services: Other | $300,887 |
Advertising and promotion | $41,884 |
Office expenses | $1,007,648 |
Information technology | $38,739 |
Royalties | $0 |
Occupancy | $3,276,897 |
Travel | $880 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $12,480 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $3,968,696 |
Insurance | $276,068 |
All other expenses | $368,884 |
Total functional expenses | $51,071,725 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $3,000 |
Savings and temporary cash investments | $5,280,035 |
Pledges and grants receivable | $6,546,143 |
Accounts receivable, net | $638,890 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $101,264 |
Prepaid expenses and deferred charges | $418,585 |
Net Land, buildings, and equipment | $78,402,568 |
Investments—publicly traded securities | $13,407,610 |
Investments—other securities | $35,163,402 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $547,978 |
Total assets | $140,509,475 |
Accounts payable and accrued expenses | $1,993,404 |
Grants payable | $0 |
Deferred revenue | $8,321,968 |
Tax-exempt bond liabilities | $35,126,850 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $554,434 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $6,116,088 |
Total liabilities | $52,112,744 |
Net assets without donor restrictions | $35,068,407 |
Net assets with donor restrictions | $53,328,324 |
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 | $140,509,475 |
Over the last fiscal year, we have identified 1 grants that Springside Chestnut Hill Academy has recieved totaling $5,000.
Awarding Organization | Amount |
---|---|
Morrison Family Foundation Inc Mount Olive, NJ PURPOSE: 12/03/22CHECK #380CHARITABLE PURPOSES | $5,000 |
Beg. Balance | $36,959,587 |
Earnings | $12,060,179 |
Net Contributions | $1,098,503 |
Other Expense | $2,157,316 |
Ending Balance | $47,960,953 |
Organization Name | Assets | Revenue |
---|---|---|
Horace Mann School Bronx, NY | $475,824,158 | $137,244,948 |
Ethical Culture Fieldston School New York, NY | $252,651,487 | $107,394,843 |
Dalton Schools Inc New York, NY | $268,184,018 | $87,154,384 |
Riverdale Country School Inc Bronx, NY | $247,467,239 | $82,826,277 |
Trinity Episcopal Schools Corporation New York, NY | $265,614,292 | $76,873,691 |
United Nations International School New York, NY | $95,948,249 | $80,239,931 |
Columbia Grammar & Preparatory School New York, NY | $126,207,367 | $82,489,526 |
Poly Prep Country Day School Brooklyn, NY | $174,200,532 | $76,376,518 |
Saint Anns School Brooklyn, NY | $162,069,731 | $73,475,158 |
Pingry Corporation Basking Ridge, NJ | $215,792,985 | $70,756,009 |
Mcdonogh School Incorporated Owings Mills, MD | $267,537,945 | $83,365,139 |
Spence School New York, NY | $416,454,517 | $72,977,566 |