Moravian Academy
- Assets
- $47.6m
- Revenue
- $33.1m
- Investments
- $139.3k
- Employees
- 378
- Location
- Bethlehem, PA
- Founding
- 10/1957
- Data as of
- 06/2023
- EIN
- 24-0829838
Organization Overview
Moravian Academy is located in Bethlehem, PA. The organization was established in 1957. 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 06/2023, Moravian Academy employed 378 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Moravian 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 06/2023, Moravian Academy generated $33.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $35.8m during the year ending 06/2023. While expenses have increased by 6.4% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
MORAVIAN ACADEMY NURTURES THE JOYFUL SPIRIT OF EACH LEARNER AND EMPOWERS INCLUSIVE GLOBAL CITIZENS TO THINK CRITICALLY, COMMUNICATE EFFECTIVELY, LEAD WITH INTEGRITY, AND STRIVE FOR EXCELLENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE EDUCATION OF OVER 900 STUDENTS IN GRADES PRE-KINDERGARTEN THROUGH 12 IN THE MORAVIAN TRADITION. THE MORAVIAN ACADEMY EXPERIENCE PROVIDES A STRONG ACADEMIC FOUNDATION IN PREPARATION FOR COLLEGE, DEVELOPS SELF-RESPECT, DIGNITY AND CONCERN FOR OTHERS, DEVELOPS CREATIVITY, AND AN APPRECIATION OF AESTHETIC VALUES, DEVELOPS PHYSICAL SKILL,AND ENCOURAGES POSITIVE ATTITUDES ABOUT HEALTH AND FITNESS, AND ENGAGES THE STUDENTS IN EXPERIENCES THAT DEVELOP THEIR MATURITY, INDEPENDENCE, ADAPTABILITY, INTEGRITY AND A LOVE OF LEARNING.
SUMMER PROGRAMMING - LEHIGH VALLEY SUMMERBRIDGE ASSISTS 7TH TO 9TH GRADE STUDENTS WITH ACADEMIC POTENTIAL AND LIMITED RESOURCES TO ENTER AND SUCCEED IN COLLEGE PREPARATORY PROGRAMS. AT LEHIGH VALLEY SUMMERBRIDGE, HIGH SCHOOL AND COLLEGE STUDENTS TEACH AND MENTOR MIDDLE SCHOOL STUDENTS. LEHIGH VALLEY SUMMERBRIDGE ENCOURAGES STUDENTS TO TAKE RESPONSIBILITY FOR THEIR OWN EDUCATION AND FOR THE EDUCATION OF OTHERS. 90 STUDENTS PARTICIPATED IN THIS PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Weiler Chair | OfficerTrustee | 10 | $0 |
Lori Schoeneman Vice Chair | OfficerTrustee | 10 | $0 |
Larry Eighmy Trustee | Trustee | 5 | $0 |
Amy Ahart Secretary | OfficerTrustee | 10 | $0 |
Christine Perrucci Trustee | Trustee | 5 | $0 |
Joseph Landrigan Trustee | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Executive Security Services Llc Security Services | 6/29/23 | $266,269 |
Fogel's Fuel Service Fuel Delivery, Hvac Maintenance And Repa | 6/29/23 | $231,458 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $322,439 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,828,090 |
| Noncash contributions included in lines 1a–1f | $186,896 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,150,529 |
| Total Program Service Revenue | $27,688,877 |
| Investment income | $718,919 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$93,204 |
| Net Gain/Loss on Asset Sales | $1,332,247 |
| Net Income from Fundraising Events | $125,416 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $33,130,928 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $7,682,004 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $315,397 |
| Compensation of current officers, directors, key employees. | $315,397 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,047,441 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,711,983 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $506,302 |
| Advertising and promotion | $156,329 |
| Office expenses | $276,422 |
| Information technology | $352,654 |
| Royalties | $0 |
| Occupancy | $2,523,530 |
| Travel | $416,106 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $121,554 |
| Interest | $87,691 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,878,286 |
| Insurance | $136,846 |
| All other expenses | $385,631 |
| Total functional expenses | $35,796,669 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,887 |
| Savings and temporary cash investments | $368,820 |
| Pledges and grants receivable | $992,457 |
| Accounts receivable, net | $344,708 |
| 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 | $412,721 |
| Net Land, buildings, and equipment | $15,106,297 |
| Investments—publicly traded securities | $30,189,273 |
| Investments—other securities | $139,343 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $47,555,506 |
| Accounts payable and accrued expenses | $2,373,432 |
| Grants payable | $0 |
| Deferred revenue | $69,087 |
| 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 | $1,270,598 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,932,374 |
| Total liabilities | $5,645,491 |
| Net assets without donor restrictions | $16,554,131 |
| Net assets with donor restrictions | $25,355,884 |
| 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 | $47,555,506 |