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← ST BENEDICT CLASSICAL ACADEMY INC

Form 990 for tax year 2022

Filed by ST BENEDICT CLASSICAL ACADEMY INC.

Totals

Total revenue
$3,395,400
Total expenses
$2,926,904
Contributions and grants received
$1,234,001
Grants paid
$0
Program service revenue
$1,907,919
Investment income
$0
Other revenue
$253,480
Total assets, end of year
$11,661,274
Total liabilities, end of year
$894,652
Net assets or fund balances, end of year
$10,766,622
Program services expenses (Part IX)
$2,329,130
Management and general expenses
$597,774
Fundraising expenses
$0
Program service expenses (Part III)
$2,329,130

Program services were 79.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,234,001

  • 1g · Noncash contributions included above

    $23,742

  • 2a · Program service revenue: TUITION

    total $1,907,919 · related or exempt $1,907,919

  • 8a · Fundraising events: gross income

    $230,790

  • 8b · Fundraising events: direct expenses

    $137,988

  • 8c · Net income from fundraising events

    total $92,802 · excluded $92,802

  • 11a · Other revenue: OTHER MISCELLANEOUS RE

    total $160,678 · related or exempt $160,678

  • 11e · Other revenue, total

    $160,678

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $1,636,620 · program services $1,317,412 · management and general $319,208

  • 8 · Pension plan contributions

    total $5,579 · program services $4,341 · management and general $1,238

  • 9 · Other employee benefits

    total $274,287 · program services $169,591 · management and general $104,696

  • 10 · Payroll taxes

    total $143,849 · program services $111,938 · management and general $31,911

  • 11b · Fees: legal

    total $12,973 · program services $12,973

  • 11c · Fees: accounting

    total $46,767 · management and general $46,767

  • 12 · Advertising and promotion

    total $15,801 · program services $15,801

  • 13 · Office expenses

    total $78,617 · program services $34,845 · management and general $43,772

  • 16 · Occupancy

    total $233,518 · program services $233,518

  • 22 · Depreciation, depletion and amortization

    total $58,632 · program services $55,700 · management and general $2,932

  • 23 · Insurance

    total $30,364 · program services $28,846 · management and general $1,518

  • 24a · Other expenses: FACILITIES EXPENSES

    total $140,371 · program services $133,616 · management and general $6,755

  • 24b · Other expenses: BOOKS AND SUPPLIES

    total $93,268 · program services $57,797 · management and general $35,471

  • 24c · Other expenses: SCHOOL PROGRAM EXPENSES

    total $58,080 · program services $58,080

  • 24d · Other expenses: UTILITIES EXPENSE

    total $57,581 · program services $54,702 · management and general $2,879

  • 24e · All other expenses

    total $40,597 · program services $39,970 · management and general $627

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,338,005 · end of year $4,453,943

  • 2 · Savings and temporary cash investments

    beginning of year $251,255 · end of year $0

  • 4 · Accounts receivable

    beginning of year $44,472 · end of year $48,908

  • 9 · Prepaid expenses and deferred charges

    beginning of year $14,877 · end of year $9,227

  • 10a · Land, buildings and equipment: cost or other basis

    $6,900,313

  • 10b · Land, buildings and equipment: accumulated depreciation

    $288,509

  • 10c · Land, buildings and equipment, net

    beginning of year $5,958,057 · end of year $6,611,804

  • 12 · Investments: other securities

    beginning of year $35,861 · end of year $47,392

  • 15 · Other assets

    beginning of year $0 · end of year $490,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $233,261 · end of year $503,716

  • 19 · Deferred revenue

    beginning of year $111,140 · end of year $118,495

  • 25 · Other liabilities

    beginning of year $0 · end of year $272,441

  • 27 · Net assets without donor restrictions

    beginning of year $4,589,255 · end of year $7,478,599

  • 28 · Net assets with donor restrictions

    beginning of year $5,708,871 · end of year $3,288,023

Mission and programs · 2022

Mission

T. BENEDICT CLASSICAL ACADEMY OFFERS A DISTINCTIVE CLASSICAL CATHOLIC EDUCATION FOR THE WHOLE CHILD, CULTIVATING INTELLECTUAL AND MORAL VIRTUE IN A JOYFUL, CHRIST-CENTERED ENVIRONMENT, ROOTED IN THE RICHES OF CATHOLIC MAGISTERIAL TEACHING AS DEFINED BY THE CATECHISM OF THE CATHOLIC CHURCH. IN UNITING THE CATHOLIC FAITH WITH A CLASSICAL CURRICULUM, AND INTEGRATING INTO THE LIFE OF THE SCHOOL THE VIRTUES FIRST LEARNED IN THE FAMILY, OUR STUDENTS GAIN NOT ONLY KNOWLEDGE, BUT AN APPRECIATION OF EDUCATION AS A NOBLE PURSUIT.

Activities or mission (Part I)

ST. BENEDICT CLASSICAL ACADEMY, INC. IS A CO-ED INDEPENDENT SCHOOL THAT OFFERS A CLASSICAL EDUCATION IN THE CATHOLIC TRADITION FOR STUDENTS IN PRE-KINDERGARTEN THROUGH GRADE 6.

  • ST. BENEDICT CLASSICAL ACADEMY, INC. OFFERS A CLASSICAL CATHOLIC EDUCATION FOR THE WHOLE CHILD, FOSTERING ACADEMIC, MORAL AND SPIRITUAL EXCELLENCE. WE SEEK TO PROVIDE EACH STUDENT WITH A FOUNDATION FOR LIFE, ROOTED IN STRONG INTELLECT, HEART AND CHARACTER, FORMED IN A JOYFUL AND FAITHFUL CATHOLIC ENVIRONMENT.

    Expenses $2,329,130 · Revenue $2,068,597

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Daniel Bachiochi

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • John Dematteo

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Nathalie Calvo

    CLERK

    Total calculated
    $0
    Hours/week
    2

  • Ben Finnegan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Thomas Biggins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mary Beth Klee

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Fr Eric Cadin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Michael Marcucci

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Chris Fisher

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • James L Boren Jr

    HEAD OF SCHOOL

    Total calculated
    $176,013
    From this org
    $176,013
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $144,813
    Bonus
    $0
    Other
    $31,200
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $176,013

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
6 February 2024
IRS schema version
2022v5.0
Source object
202430469349303003

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