Swain School Inc
- Assets
- $8.3m
- Revenue
- $8.0m
- Investments
- $0.0
- Employees
- 114
- Location
- Allentown, PA
- Founding
- 07/1951
- Data as of
- 06/2021
- EIN
- 23-1370506
Organization Overview
Swain School Inc is located in Allentown, PA. The organization was established in 1951. 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 06/2021, Swain School Inc employed 114 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Swain School 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 06/2021, Swain School Inc generated $8.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $7.4m during the year ending 06/2021. While expenses have increased by 0.9% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT MORAVIAN ACADEMY THROUGH MANAGEMENT, ADMINISTRATION, INVESTMENT, AND DISPOSITION OF ENDOWMENT, RESTRICTED FUNDS, AND OTHER ASSETS IN ITS POSSESSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE PRIVATE INDIVIDUALIZED EDUCATION TO ELEMENTARY AND MIDDLE SCHOOL STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Armistead Webster Head Of School | Officer | 50 | $99,152 |
Kati Focht Business Manager | Officer | 50 | $79,431 |
Chris Weiler Chair | OfficerTrustee | 2 | $0 |
Lori Schoeneman Vice-Chair | OfficerTrustee | 2 | $0 |
Larry Eighmy Treasurer | OfficerTrustee | 2 | $0 |
Joseph Landrigan Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $35,250 |
| Related organizations | $0 |
| Government grants | $119,630 |
| All other contributions, gifts, grants, and similar amounts not included above | $658,207 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $813,087 |
| Total Program Service Revenue | $6,516,611 |
| Investment income | $61,136 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $52,265 |
| Net Gain/Loss on Asset Sales | $566,789 |
| Net Income from Fundraising Events | $26,146 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,037,808 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,938,044 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $287,333 |
| Compensation of current officers, directors, key employees. | $139,626 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,558,313 |
| Pension plan accruals and contributions | $88,443 |
| Other employee benefits | $245,347 |
| Payroll taxes | $214,753 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,587 |
| Fees for services: Accounting | $28,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $72,432 |
| Advertising and promotion | $31,955 |
| Office expenses | $69,918 |
| Information technology | $76,115 |
| Royalties | $0 |
| Occupancy | $363,121 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,876 |
| Interest | $10,957 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $313,760 |
| Insurance | $35,342 |
| All other expenses | $9,638 |
| Total functional expenses | $7,425,431 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $210 |
| Savings and temporary cash investments | $188,563 |
| Pledges and grants receivable | $164,883 |
| Accounts receivable, net | $86,097 |
| 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 | $34,327 |
| Net Land, buildings, and equipment | $4,492,968 |
| Investments—publicly traded securities | $3,296,505 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,263,553 |
| Accounts payable and accrued expenses | $330,369 |
| Grants payable | $0 |
| Deferred revenue | $1,385 |
| 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 | $2,128,768 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $441,990 |
| Total liabilities | $2,902,512 |
| Net assets without donor restrictions | $2,452,976 |
| Net assets with donor restrictions | $2,908,065 |
| 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 | $8,263,553 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Swain School Inc has recieved totaling $1,582.
| Awarding Organization | Amount |
|---|---|
Md Lieberman Foundation Allentown, PA PURPOSE: GENERAL CHARITABLE PURPOSE | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $582 |
Endowment Analysis
| Beg. Balance | $2,625,664 |
| Earnings | $558,283 |
| Net Contributions | $26,510 |
| Other Expense | $6,001 |
| Ending Balance | $3,204,456 |
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 |