Regina Coeli Academy
- Assets
- $288.7k
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 21
- Location
- Abington, PA
- Founding
- 03/1946
- Data as of
- 06/2023
- EIN
- 30-0165331
Organization Overview
Regina Coeli Academy is located in Abington, PA. The organization was established in 1946. 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 06/2023, Regina Coeli Academy employed 21 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Regina Coeli 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, Regina Coeli Academy generated $1.9m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $1.7m during the year ending 06/2023. While expenses have increased by 3.8% per year over the past 4 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
FOUNDED BY FAITH, INSPIRED BY HOPE, AND LIVED IN LOVE, REGINA COELI ACADEMY PROVIDES A CLASSICAL EDUCATION IN ACCORDANCE WITH THE DOCTRINE OF THE ROMAN CATHOLIC CHURCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES EDUCATION AND OTHER COMPONENTS OF THE CORPORAL AND SPIRITUAL WORKS OF MERCY IN ACCORD WITH THE DOCTRINE AND TEACHING OF THE ROMAN CATHOLIC CHURCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy J Murnane Chairman | OfficerTrustee | 8 | $0 |
Sarah Dickerson Vice Chair | OfficerTrustee | 4 | $0 |
William Mclaughlin Treasurer | OfficerTrustee | 3 | $0 |
Madeleine Post Secretary | OfficerTrustee | 3 | $0 |
Ned Gelhaar Director | Trustee | 1 | $0 |
John Kasbar Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $207,263 |
| All other contributions, gifts, grants, and similar amounts not included above | $440,231 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $647,494 |
| Total Program Service Revenue | $1,158,901 |
| Investment income | $18 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $44,750 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,851,163 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $577,006 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $735,927 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $60,093 |
| Payroll taxes | $60,176 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,021 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,860 |
| Advertising and promotion | $2,854 |
| Office expenses | $12,295 |
| Information technology | $11,498 |
| Royalties | $0 |
| Occupancy | $65,140 |
| 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 | $0 |
| Insurance | $9,619 |
| All other expenses | $4,074 |
| Total functional expenses | $1,680,215 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $267,369 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $211 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $21,131 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $288,711 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $9,800 |
| 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 | $0 |
| Total liabilities | $9,800 |
| Net assets without donor restrictions | $276,341 |
| Net assets with donor restrictions | $2,570 |
| 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 | $288,711 |