Serviam Girls Academy Inc is located in Wilmington, DE. The organization was established in 2007. 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, Serviam Girls Academy Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Serviam Girls Academy 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 06/2023, Serviam Girls Academy Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $1.4m during the year ending 06/2023. While expenses have increased by 6.0% 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
MISSION:CULTIVATING THE POTENTIAL OF YOUNG WOMEN THROUGH A CHALLENGING, HOLISTIC EDUCATION ROOTED IN THE URSULINE TRADITION.VISION:EMPOWERING YOUNG WOMEN, CHANGING THE WORLD. SERVIAM GIRLS ACADEMY IS A TUITION-FREE, INDEPENDENT CATHOLIC MIDDLE SCHOOL WHOSE FAMILIES MUST QUALIFY FOR THE FEDERAL FREE/REDUCED SCHOOL LUNCH PROGRAM IN ORDER TO ENROLL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVIAM GIRLS ACADEMY EDUCATES ON AVERAGE 40-60 GIRLS, GRADES 5 - 8, WITH A COMPREHENSIVE MODEL THAT INCLUDES AN EXTENDED 10-HOUR DAY AND 10.5-MONTH YEAR, INCLUDING A MANDATORY FOUR-WEEK SUMMER PROGRAM; SMALL CLASS SIZES; AND, A GRADUATE SUPPORT PROGRAM THAT WORKS WITH SERVIAM GRADUATES THROUGH HIGH SCHOOL GRADUATION AND INTO COLLEGE.PROGRAM ACCOMPLISHMENTS INCLUDE:1. SERVIAM'S 8 MEMBER CLASS OF 2023 WERE OFFERED OVER $666,000 IN SCHOLARSHIPS AND AID TO FIVE LOCAL PRIVATE SCHOOLS. THE RISING FRESHMEN ARE ENROLLED IN THE FOLLOWING HIGH SCHOOLS: DELCASTLETECHNICAL HIGH SCHOOL, HODGSON TECHNICAL HIGH SCHOOL, HOWARD HIGH SCHOOL OF TECHNOLOGY, PADUA ACADEMY, SANFORD SCHOOL, AND URSULINE ACADEMY. OUR MISSION IS TO PREPARE GIRLS TO SUCCEED IN HIGH SCHOOL THROUGH A CHALLENGING AND RELEVANT EDUCATION, THUS THE VAST MAJORITY OF OUR BUDGET IS GEARED TOWARD THIS SPECIFIC GOAL2. SERVIAM'S 12 MEMBERS OF THE CLASS OF 2023 GRADUATED FROM HIGH SCHOOL. OVER 80% WILL MATRICULATE INTO THE FOLLOWING COLLEGES: THOMAS JEFFERSON UNIVERSITY, FISHER COLLEGE, GEORGE MASON UNIVERSITY, UNIVERSITY OF DELAWARE, DELAWARE STATE UNIVERSITY, AND WIDENER UNIVERSITY.3. DURING ITS THIRD YEAR IN ITS NEW HOME AT 900 NORTH WASHINGTON STREET IN DOWNTOWN WILMINGTON, DE, SERVIAM GIRLS ACADEMY WELCOMED ITS FIRST EVER CROSS COUNTRY TEAM AND COMPETED THROUGHOUT THE FALL. THE BASKETBALL TEAM WON FIRST PLACE IN THEIR DIVISION AND THE CAPOEIRA PROGRAM CONTINUED FOR STUDENTS DURING THEIR SCHOOL DAY. TO ADDRESS THE CHALLENGES STUDENTS STILL FACE FROM THE LASTING EFFECTS OF COVID, SERVIAM CONTINUED THE CONTRACT WITH A COUNSELOR TO CONDUCT WEEKLY GROUP SESSIONS AS WELL AS THE OPPORTUNITY FOR STUDENTS (AND STAFF) TO MEET ONE-ON-ONE. HAVING WITNESSED POSITIVE RESULTS, SERVIAM WILL CONTINUE THIS SERVICE.4. SERVIAM LAUNCHED IT'S THIRD MULTI-YEAR PLEDGE CAMPAIGN IN SEPTEMBER 2021 WITH A GOAL TO RAISE $3 MILLION IN PLEDGES FOR THE NEXT FIVE YEARS. BY JUNE 30TH, SERVIAM HAD RECEIVED OVER $2.83 MILLION IN PLEDGES TO SUPPORT OPERATIONAL EXPENSES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Bob Kirkwood Chair | OfficerTrustee | 2 | $0 |
Bettina Tweardy Riveros Directors | Trustee | 1 | $0 |
Barbra Andrisani Secretary | OfficerTrustee | 2 | $0 |
Shaila Kapur Directors | Trustee | 1 | $0 |
Shakesha Clarke Directors | Trustee | 1 | $0 |
Peter Crivelli Directors | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $1,092,434 |
Noncash contributions included in lines 1a–1f | $7,560 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,092,434 |
Total Program Service Revenue | $0 |
Investment income | $56,849 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $191,319 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,341,618 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $132,625 |
Compensation of current officers, directors, key employees. | $33,156 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $674,496 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $64,781 |
Payroll taxes | $49,348 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $11,400 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $80,201 |
Advertising and promotion | $0 |
Office expenses | $2,179 |
Information technology | $12,115 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $44,530 |
Insurance | $10,108 |
All other expenses | $21,933 |
Total functional expenses | $1,360,905 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $285,316 |
Savings and temporary cash investments | $1,332,700 |
Pledges and grants receivable | $1,785,245 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $10,000 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $14,085 |
Net Land, buildings, and equipment | $211,483 |
Investments—publicly traded securities | $97,641 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $1,586,221 |
Total assets | $5,322,691 |
Accounts payable and accrued expenses | $7,437 |
Grants payable | $0 |
Deferred revenue | $24,868 |
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 | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $1,323,978 |
Total liabilities | $1,356,283 |
Net assets without donor restrictions | $3,700,817 |
Net assets with donor restrictions | $265,591 |
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 | $5,322,691 |