Main Line Classical Academy
- Assets
- $4.5m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 36
- Location
- Bryn Mawr, PA
- Founding
- 09/2016
- Data as of
- 12/2023
- EIN
- 47-4907131
Organization Overview
Main Line Classical Academy is located in Bryn Mawr, PA. The organization was established in 2016. 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 12/2023, Main Line Classical Academy employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Main Line Classical 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 12/2023, Main Line Classical Academy generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 26.4% each year . All expenses for the organization totaled $1.8m during the year ending 12/2023. While expenses have increased by 28.2% 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
TO PROMOTE ACADEMIC, MULTI-DENOMINATIONAL, SOCIAL AND CULTURAL GROWTH IN CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATING AN INDEPENDENT, CO-EDUCATIONAL AND MULTI-DENOMINATIONAL PRIMARY SCHOOL, FORMS 1-12 (AGES 5-17) BUILT ON A COMMITMENT TO THE CLASSICAL LIBERAL ARTS CURRICULUM COMBINING ELEMENTS OF THE WESTERN CLASSICAL AND THE AMERICAN PEDAGOGICAL TRADITIONS.
OPERATING AN INDEPENDENT, CO-EDUCATIONAL AND MULTI-DENOMINATIONAL PRIMARY SCHOOL, FORMS 1-10 (AGES 5-16) BUILT ON A COMMITMENT TO THE CLASSICAL LIBERAL ARTS CURRICULUM COMBINING ELEMENTS OF THE WESTERN CLASSICAL AND THE AMERICAN PEDAGOGICAL TRADITIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Sigelman President | OfficerTrustee | 4 | $0 |
Asya Sigelman Vice Preside | OfficerTrustee | 12 | $0 |
Joshua Ticktin Treasurer | OfficerTrustee | 6 | $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 | $244,535 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $244,535 |
| Total Program Service Revenue | $1,503,533 |
| Investment income | $50,999 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $113 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,799,180 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,217,207 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $101,702 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,430 |
| Fees for services: Accounting | $3,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,500 |
| Advertising and promotion | $18,725 |
| Office expenses | $46,528 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $51,305 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $192,592 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $42,345 |
| Insurance | $7,046 |
| All other expenses | $35 |
| Total functional expenses | $1,759,963 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $95,531 |
| Savings and temporary cash investments | $1,312,048 |
| 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 | $1,678,627 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,409,160 |
| Total assets | $4,495,366 |
| Accounts payable and accrued expenses | $17,538 |
| 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 | $4,488,455 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $141,026 |
| Total liabilities | $4,647,019 |
| Net assets without donor restrictions | -$151,653 |
| 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 | $4,495,366 |