Sewickley Academy
- Assets
- $86.8m
- Revenue
- $21.6m
- Investments
- $45.4m
- Employees
- 213
- Location
- Sewickley, PA
- Founding
- 01/1946
- Data as of
- 06/2021
- EIN
- 25-0965558
Organization Overview
Sewickley Academy is located in Sewickley, PA. The organization was established in 1946. 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, Sewickley Academy employed 213 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sewickley 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, Sewickley Academy generated $21.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $22.3m during the year ending 06/2021. While expenses have increased by 2.5% 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
OPERATION OF A PRIVATE SCHOOL FOR EDUCATIONAL PURPOSES
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS PITTSBURGH'S OLDEST CO-EDUCATIONAL COLLEGE PREPARATORY, INDEPENDENT DAY SCHOOL, SEWICKLEY ACADEMY PREPARES ITS OVER 533 STUDENTS FOR A LIFETIME OF SUCCESS BY INSPIRING THEM TO REACH THEIR FULL POTENTIAL AS CURIOUS, COURAGEOUS, AND COMPASSIONATE LEARNERS. THE STUDENT BODY IS HIGHLY DIVERSE AND RESIDE IN VARIOUS SCHOOL DISTRICTS IN THE TRI-STATE AREA. EXCEPTIONAL PROGRAMS, SMALL CLASSES, AND TALENTED FACULTY HELP STUDENTS BECOME CONSCIENTIOUS LEADERS, CRITICAL THINKERS, AND RESPONSIBLE MEMBERS OF A GLOBAL COMMUNITY. ACHIEVEMENTS CAN BE FOUND AT THE ACADEMY'S WEBSITE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Kolia O' Connor Term June 2021 Former Head Of School | 50 | $415,348 | |
Ms Karen Mcavoy Term June 2021 Former Director Of Finance And Operation | 50 | $190,040 | |
Mr Win Palmer Director Of Athletics | 50 | $157,143 | |
Mr Peter Lau Head Of Senior School | 50 | $131,593 | |
Mr Brendan Schneider Director Of Advancement | 50 | $126,150 | |
Mr Bradley Busatto Vice Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Huckestein Mechanical Services Service/repair | 6/29/21 | $179,962 |
Sta - Coraopolis Bus Services | 6/29/21 | $131,054 |
Black Rock Technology Group Llc Technology Supplies | 6/29/21 | $112,421 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $91,878 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,952,911 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,044,789 |
| Total Program Service Revenue | $16,795,826 |
| Investment income | $1,311,308 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $37,250 |
| Net Gain/Loss on Asset Sales | $1,298,578 |
| Net Income from Fundraising Events | $59,252 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $7,335 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,554,338 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,537,945 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $715,000 |
| Compensation of current officers, directors, key employees. | $715,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,118,850 |
| Pension plan accruals and contributions | $781,619 |
| Other employee benefits | $1,110,285 |
| Payroll taxes | $788,951 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $117,582 |
| Fees for services: Accounting | $62,904 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $42,754 |
| Fees for services: Other | $1,204 |
| Advertising and promotion | $157,361 |
| Office expenses | $10,973 |
| Information technology | $362,388 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $26,653 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $111,889 |
| Interest | $40,075 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,920,046 |
| Insurance | $159,949 |
| All other expenses | $0 |
| Total functional expenses | $22,314,889 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $195 |
| Savings and temporary cash investments | $7,807,225 |
| Pledges and grants receivable | $149,314 |
| Accounts receivable, net | $150,431 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $139,352 |
| Prepaid expenses and deferred charges | $221,586 |
| Net Land, buildings, and equipment | $32,927,048 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $45,436,791 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $86,831,942 |
| Accounts payable and accrued expenses | $3,144,981 |
| Grants payable | $0 |
| Deferred revenue | $3,579,054 |
| Tax-exempt bond liabilities | $5,111,273 |
| 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 | $190,640 |
| Total liabilities | $12,025,948 |
| Net assets without donor restrictions | $68,779,440 |
| Net assets with donor restrictions | $6,026,554 |
| 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 | $86,831,942 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that Sewickley Academy has recieved totaling $168,803.
| Awarding Organization | Amount |
|---|---|
R P Simmons Family Foundation Sewickley, PA PURPOSE: SIMMONS FAMILY SCHOLARS PROGRAM | $60,000 |
James M Schoonmaker Sewick Valley Hospital Etal Pittsburgh, PA PURPOSE: GENERAL OPERATING | $25,000 |
Tull Fam Foundation Chicago, IL PURPOSE: EDUCATION | $15,000 |
Pittsburgh Foundation Pittsburgh, PA PURPOSE: EDUCATION | $12,853 |
Bny Mellon Charitable Gift Fund Boston, MA PURPOSE: TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE | $10,500 |
Salvitti Family Foundation Washington, PA PURPOSE: GENERAL SUPPORT | $10,000 |
Endowment Analysis
| Beg. Balance | $35,525,475 |
| Earnings | $10,694,874 |
| Admin Expense | $42,754 |
| Net Contributions | $961,736 |
| Other Expense | $1,725,293 |
| Ending Balance | $45,414,038 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rye Country Day School Rye, NY | $168,719,071 | $53,917,933 |
Pennsylvania Leadership Charter Schools West Chester, PA | $90,879,263 | $65,797,836 |
Hawken School Gates Mills, OH | $144,772,582 | $45,602,433 |
The Public School Of Germantown Fort Washington, PA | $151,608,543 | $52,601,237 |
Peddie School Hightstown, NJ | $613,419,387 | $58,126,453 |
William Penn Charter School Inc Philadelphia, PA | $232,730,859 | $59,443,641 |
Trevor Day School New York, NY | $179,718,336 | $48,695,331 |
International College-Beirut Lebanon New York, NY | $209,567,353 | $51,574,911 |
Montclair Kimberly Academy Foundation Montclair, NJ | $86,504,754 | $51,589,426 |
Bullis School Inc Potomac, MD | $98,208,716 | $48,486,298 |
Princeton Day School Inc Princeton, NJ | $166,237,830 | $58,529,058 |
Nightingale-Bamford School New York, NY | $159,201,980 | $40,384,072 |