Shady Side Academy
- Assets
- $133.2m
- Revenue
- $44.0m
- Investments
- $0.0
- Employees
- 522
- Location
- Pittsburgh, PA
- Founding
- 08/1925
- Data as of
- 06/2021
- EIN
- 25-0965561
Organization Overview
Shady Side Academy is located in Pittsburgh, PA. The organization was established in 1925. 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 06/2022, Shady Side Academy employed 522 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shady Side 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, Shady Side Academy generated $44.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $40.6m during the year ending 06/2021. While expenses have increased by 2.6% per year over the past 7 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
PROVIDES EDUCATION TO STUDENTS IN PRE-KINDERGARTEN THROUGH TWELFTH GRADE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTIONAL:-THE ACADEMY ENROLLS APPROXIMATELY 1,104 STUDENTS (PRE K - 12). THE ACADEMY IS COLLEGE PREPARATORY WITH MOST SENIORS CONTINUING ON TO HIGHER EDUCATION. THE ACADEMY OPERATES FOUR SEPARATE CAMPUSES FOR COUNTRY DAY, JUNIOR, MIDDLE AND SENIOR SCHOOLS.-ATHLETICS: ALL SHADY SIDE ACADEMY STUDENTS ARE OFFERED A WIDE RANGE OF PHYSICAL ACTIVITIES THROUGHOUT THE SCHOOL YEAR TO ENCOURAGE HEALTHY CHOICES, DEVELOP SKILLS AND LEARN THE IMPORTANCE OF SPORTSMANSHIP.
AUXILIARY SERVICES:-RESIDENTIAL LIFE PROGRAM: THE ACADEMY OPERATES A FIVE AND SEVEN DAY BOARDING PROGRAM FOR APPROXIMATELY 66 STUDENT BOARDERS. THE STUDENTS ARE HOUSED IN ACADEMY DORMITORIES WITH ADMINISTRATORS AND TEACHERS WHO OVERSEE AND OPERATE THE RESIDENTIAL LIFE PROGRAM.-FOOD SERVICE: SERVES DAY STUDENTS LUNCH AND SERVES THOSE INVOLVED IN RESIDENTIAL LIFE PROGRAM BREAKFAST, LUNCH AND DINNER.-SPIRIT STORES: THE STORE OFFERS INDIVIDUALS THE OPPORTUNITY TO PURCHASE SSA APPAREL AND ACCESSORIES, AS WELL AS SOME LIMITED SCHOOL SUPPLIES.
SUMMER PROGRAMS:-SHADY SIDE ACADEMY'S SUMMER PROGRAMS PROVIDE AN ENDLESS ARRAY OF POSSIBILITIES FOR ALL KIDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Rohr Jrtrustee Thru 01/22) CFO & COO (as Of 01/2022) | OfficerTrustee | 40 | $0 |
James S Bernier V-Chair For Finance, Treasurer | OfficerTrustee | 3.5 | $0 |
Jonathan M Kamin Chair Of The Board | OfficerTrustee | 3.5 | $0 |
Thomas Karet Vice Chair For Buildings And Grounds | OfficerTrustee | 3.5 | $0 |
Jeffrey A Mcdaniel V-Chair For Community Life | OfficerTrustee | 3.5 | $0 |
Robert S Mullin Chair-Elect Of The Board | OfficerTrustee | 3.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Metz Culinary Management Food Service/catering | 6/29/22 | $1,356,171 |
Strada Architecture Llc Architectural Services | 6/29/22 | $626,892 |
Abc Transit Inc Transportation Services | 6/29/22 | $345,502 |
Civil & Environmental Consultants Inc Environmental Testing/consulting | 6/29/22 | $198,401 |
Veracross Llc Software/software Maintenance | 6/29/22 | $168,942 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,534,273 |
| Investment income | $1,513,246 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,024,853 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$62,011 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $43,966,956 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $5,813,831 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $870,590 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,063,534 |
| Pension plan accruals and contributions | $984,859 |
| Other employee benefits | $4,577,321 |
| Payroll taxes | $1,267,779 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $52,215 |
| Fees for services: Accounting | $71,291 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $151,580 |
| Fees for services: Other | $258,510 |
| Advertising and promotion | $400,421 |
| Office expenses | $1,378,913 |
| Information technology | $993,860 |
| Royalties | $0 |
| Occupancy | $1,182,767 |
| Travel | $64,203 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,835 |
| Interest | $55,687 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,413,805 |
| Insurance | $298,833 |
| All other expenses | $0 |
| Total functional expenses | $40,596,166 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,818,404 |
| Savings and temporary cash investments | $3,649,664 |
| Pledges and grants receivable | $1,675,837 |
| Accounts receivable, net | $702,969 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $106,807 |
| Prepaid expenses and deferred charges | $166,192 |
| Investments—publicly traded securities | $83,182,667 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $133,159,735 |
| Accounts payable and accrued expenses | $2,404,477 |
| Grants payable | $0 |
| Deferred revenue | $4,233,796 |
| 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 | $7,057,078 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,503,826 |
| Total liabilities | $20,199,177 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $112,960,558 |
Grants Awarded
Over the last fiscal year, Shady Side Academy has awarded $23,850 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE PACE SCHOOL PURPOSE: DONATION TO FURTHER THE PACE SCHOOL'S MISSION. | $10,000 |
FAMILY HOUSE PURPOSE: DONATION TO FURTHER FAMILY HOUSE'S MISSION. | $13,850 |