Regina Luminis Academy
- Assets
- $423.6k
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 27
- Location
- Berwyn, PA
- Founding
- 11/2008
- Data as of
- 06/2023
- EIN
- 33-1213848
Organization Overview
Regina Luminis Academy is located in Berwyn, PA. The organization was established in 2008. 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, Regina Luminis Academy employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Regina Luminis 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 Luminis Academy generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.3% each year . All expenses for the organization totaled $2.0m during the year ending 06/2023. While expenses have increased by 19.8% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
REGINA LUMINIS ACADEMY IS A PRIVATE, INDEPENDENT SCHOOL GRADES PRE-K THROUGH 12, FOUNDED, WITH THE HELP OF GODS GRACE, TO ASSIST PARENTS IN THE EDUCATION AND FORMATION OF THEIR CHILDREN BY PROVIDING A CLASSICAL LIBERAL ARTS EDUCATION IN THE TRADITION OF THE ROMAN CATHOLIC CHURCH AND FAITHFUL TO THE MAGISTERIUM. IT IS THE MISSION OF THE ACADEMY TO PROMOTE AND NURTURE THE SPIRITUAL, INTELLECTUAL, AND PHYSICAL GROWTH AND TALENTS OF ITS STUDENTS THROUGH THE TIME-TESTED CLASSICAL LIBERAL ARTS COURSE OF STUDY. STUDENTS STUDY AND LEARN IN A WHOLESOME AND RIGOROUS ENVIRONMENT. THE CATHOLIC FACULTY INTEGRATES THE MAGISTERIAL TEACHING AND TRADITION OF THE CATHOLIC CHURCH THROUGHOUT THE CURRICULUM. IN PARTNERSHIP WITH THEIR FAMILIES, STUDENTS ARE TAUGHT TO BE EFFECTIVE CATHOLIC CITIZENS AND LEADERS. THEY ARE TAUGHT TO KNOW, LOVE AND SERVE GOD AND NEIGHBOR, AWARE OF THEIR ULTIMATE PURPOSE IN LIFEETERNAL HAPPINESS WITH GOD IN HEAVEN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOOL OPERATIONS FOR GRADES PRE-K THROUGH 12.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark A Anthony Board Chair | OfficerTrustee | 9 | $0 |
Mike Wassil Treasurer | OfficerTrustee | 2 | $0 |
Mark Bradford Board Member | Trustee | 7 | $0 |
Patrick Brennan JD Board Member | Trustee | 4.5 | $0 |
Financial Statements
| 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 | $555,619 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $555,619 |
| Total Program Service Revenue | $1,552,794 |
| Investment income | $76 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $78,086 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,187,208 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $579,425 |
| 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 | $932,751 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $70,307 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,054 |
| Fees for services: Accounting | $8,321 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,550 |
| Advertising and promotion | $9,974 |
| Office expenses | $32,814 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $205,687 |
| 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 | $10,303 |
| All other expenses | $15,436 |
| Total functional expenses | $2,045,293 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $410,378 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $10,165 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,032 |
| Total assets | $423,575 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $123,000 |
| Other liabilities | $0 |
| Total liabilities | $123,000 |
| Net assets without donor restrictions | $300,575 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $423,575 |