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Nonprofiteer
← SEWICKLEY ACADEMY

Form 990 for tax year 2022

Filed by SEWICKLEY ACADEMY.

Totals

Total revenue
$21,363,025
Total expenses
$24,413,880
Contributions and grants received
$6,490,213
Grants paid
$3,189,292
Program service revenue
$13,866,274
Investment income
$617,965
Other revenue
$388,573
Total assets, end of year
$76,051,339
Total liabilities, end of year
$5,732,108
Net assets or fund balances, end of year
$70,319,231
Program services expenses (Part IX)
$13,534,420
Management and general expenses
$10,064,267
Fundraising expenses
$815,193
Program service expenses (Part III)
$13,534,420

Program services were 55.4% 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.

  • 1e · Government grants (contributions)

    $86,198

  • 1f · All other contributions, gifts and grants

    $6,404,015

  • 2a · Program service revenue: TUITION

    total $13,851,715 · related or exempt $13,851,715

  • 2b · Program service revenue: ACTIVITIES & SPECIAL FEES

    total $14,559 · related or exempt $14,559

  • 3 · Investment income

    total $1,421,303 · excluded $1,421,303

  • 6a · Gross rents

    real property $34,057

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $34,057

  • 6d · Net rental income or loss

    total $34,057 · related or exempt $34,057

  • 7a · Gross sales of assets other than inventory

    securities $5,826,860 · other assets $3,000

  • 7b · Less cost or other basis and sales expenses

    securities $6,633,198 · other assets $0

  • 7c · Gain or loss

    securities -$806,338 · other assets $3,000

  • 7d · Net gain or loss

    total -$803,338 · related or exempt -$803,338

  • 8a · Fundraising events: gross income

    $555,743

  • 8b · Fundraising events: direct expenses

    $205,711

  • 8c · Net income from fundraising events

    total $350,032 · excluded $350,032

  • 10a · Gross sales of inventory

    $4,484

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $4,484 · related or exempt $4,484

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $3,189,292 · program services $3,189,292

  • 5 · Compensation of officers, directors and key employees

    total $1,290,570 · management and general $1,290,570

  • 7 · Other salaries and wages

    total $8,596,267 · program services $7,321,661 · management and general $807,183 · fundraising $467,423

  • 8 · Pension plan contributions

    total $644,440 · program services $477,558 · management and general $143,957 · fundraising $22,925

  • 9 · Other employee benefits

    total $731,003 · program services $567,834 · management and general $117,679 · fundraising $45,490

  • 10 · Payroll taxes

    total $701,172 · program services $532,484 · management and general $134,115 · fundraising $34,573

  • 11b · Fees: legal

    total $72,338 · management and general $72,338

  • 11c · Fees: accounting

    total $50,115 · management and general $50,115

  • 11g · Fees: other

    total $309,896 · program services $122,144 · fundraising $187,752

  • 12 · Advertising and promotion

    total $57,030 · fundraising $57,030

  • 13 · Office expenses

    total $7,511 · program services $7,511

  • 14 · Information technology

    total $210,859 · program services $210,859

  • 17 · Travel

    total $112,857 · program services $112,857

  • 19 · Conferences, conventions and meetings

    total $145,829 · program services $145,829

  • 20 · Interest

    total $164,181 · management and general $164,181

  • 22 · Depreciation, depletion and amortization

    total $4,519,570 · management and general $4,519,570

  • 24a · Other expenses: PROPERTY MAINTENANCE

    total $1,118,490 · management and general $1,118,490

  • 24b · Other expenses: EDUCATIONAL CLASSROOM

    total $841,754 · program services $841,754

  • 24c · Other expenses: OTHER EXPENSE

    total $815,510 · management and general $815,510

  • 24d · Other expenses: TR EXPENSES

    total $760,037 · management and general $760,037

  • 24e · All other expenses

    total $75,159 · program services $4,637 · management and general $70,522

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $195 · end of year $196

  • 2 · Savings and temporary cash investments

    beginning of year $3,562,477 · end of year $2,100,862

  • 3 · Pledges and grants receivable

    beginning of year $3,008,207 · end of year $2,244,845

  • 4 · Accounts receivable

    beginning of year $59,675 · end of year $42,107

  • 8 · Inventories for sale or use

    beginning of year $99,367 · end of year $100,615

  • 9 · Prepaid expenses and deferred charges

    beginning of year $35,406 · end of year $6,100

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

    $59,321,081

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

    $27,138,942

  • 10c · Land, buildings and equipment, net

    beginning of year $33,045,892 · end of year $32,182,139

  • 12 · Investments: other securities

    beginning of year $36,424,191 · end of year $39,158,702

  • 15 · Other assets

    beginning of year $160,630 · end of year $215,773

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,140,296 · end of year $1,351,397

  • 19 · Deferred revenue

    beginning of year $179,076 · end of year $136,000

  • 20 · Tax-exempt bond liabilities

    beginning of year $4,639,271 · end of year $4,158,538

  • 25 · Other liabilities

    beginning of year $21,430 · end of year $86,173

  • 27 · Net assets without donor restrictions

    beginning of year $64,297,727 · end of year $64,363,582

  • 28 · Net assets with donor restrictions

    beginning of year $5,118,240 · end of year $5,955,649

Mission and programs · 2022

Mission

SEWICKLEY ACADEMY INSPIRES AND EDUCATES STUDENTS TO ENGAGE THEIR HEARTS, MINDS, AND HANDS TO CULTIVATE THEIR FULL INDIVIDUAL AND COLLECTIVE POTENTIAL IN THE SERVICE OF A GREATER GOOD.

Activities or mission (Part I)

SEWICKLEY ACADEMY INSPIRES AND EDUCATED STUDENTS TO ENGAGE THEIR HEARTS, MINDS, AND HANDS TO CULTIVATE THEIR FULL INDIVIDUAL AND COLLECTIVE POTENTIAL IN THE SERVICE OF A GREATER GOOD.

  • AS PITTSBURGH OLDEST CO-EDUCATIONAL COLLEGE PREPARATORY, INDEPENDENT DAY SCHOOL, SEWICKLEY ACADEMY PREPARES ITS STUDENTS FOR A LIFETIME OF SUCCESS BY INSPIRING THEM TO REACH THEIR FULL POTENTIAL AS CURIOUS, COURAGEOUS, AND COMPASSIONATE LEARNERS. THE STUDENT BODY IS HIGHLY DIVERSE AND RESIDE IN VARIOUS SCHOOL DISTRICTS IN THE TRI-STATE AREA. EXCEPTIONAL PROGRAMS, SMALL CLASSES, AND TALENTED FACULTY HELP STUDENTS BECOME CONSCIENTIOUS LEADERS, CRITICAL THINKERS, AND RESPONSIBLE MEMBERS OF A GLOBAL COMMUNITY. ACHIEVEMENTS CAN BE FOUND AT THE ACADEMY'S WEBSITE.

    Expenses $13,534,420 · Grants $3,189,292 · Revenue $13,101,477

As filed on the 2022 return.

Listed in Part VII

  • Ashley Brown Birtwell

    HEAD OF SCHOOL, EX-OFFICIO

    Total calculated
    $490,658
    From this org
    $460,158
    From related orgs
    $0
    Other
    $30,500
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $382,000
    Bonus
    $0
    Other
    $78,158
    Deferred
    $15,250
    Nontaxable benefits
    $15,250
    Filer's total
    $490,658
  • Dennis Zeitler

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Divya Thadani

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Ashvin Ragoowansi

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Glen Meakem

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Kate Poppenberg Pigman

    CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Kevin Park

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Peter Schramm

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Rachel Lorey Allen

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Ryan Purpura

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Stephanie Menzock

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Roberto Ortiz

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Bradley Busatto

    OFFICER AT LARGE

    Total calculated
    $0
    Hours/week
    1
  • Joe Zaluski

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Rodney Smith

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • David Denardo

    CHIEF FINANCIAL & OPERATIO

    Total calculated
    $216,626
    From this org
    $182,250
    From related orgs
    $0
    Other
    $34,376
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $181,500
    Bonus
    $0
    Other
    $750
    Deferred
    $12,705
    Nontaxable benefits
    $21,671
    Filer's total
    $216,626
  • Jim Miller

    DIRECTOR OF BUILDINGS AND

    Total calculated
    $162,762
    From this org
    $135,297
    From related orgs
    $0
    Other
    $27,465
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $134,741
    Bonus
    $0
    Other
    $556
    Deferred
    $9,432
    Nontaxable benefits
    $18,033
    Filer's total
    $162,762
  • Shannon Mulholland

    HEAD OF MIDDLE SCHOOL

    Total calculated
    $156,698
    From this org
    $131,716
    From related orgs
    $0
    Other
    $24,982
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $131,174
    Bonus
    $0
    Other
    $542
    Deferred
    $9,182
    Nontaxable benefits
    $15,800
    Filer's total
    $156,698
  • Win Palmer

    DIRECTOR OF ATHLETICS

    Total calculated
    $222,221
    From this org
    $172,118
    From related orgs
    $0
    Other
    $50,103
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $157,704
    Bonus
    $0
    Other
    $14,414
    Deferred
    $11,039
    Nontaxable benefits
    $39,064
    Filer's total
    $222,221
  • Jerilyn Scott

    HEAD OF LOWE SCHOOL

    Total calculated
    $138,144
    From this org
    $122,332
    From related orgs
    $0
    Other
    $15,812
    Hours/week
    50
  • David Fortna

    CHIEF EXTERNAL AFFAIRS OFFICER

    Total calculated
    $152,630
    From this org
    $135,476
    From related orgs
    $0
    Other
    $17,154
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $135,476
    Bonus
    $0
    Other
    $0
    Deferred
    $9,483
    Nontaxable benefits
    $7,671
    Filer's total
    $152,630
  • Kolia O'Connor

    FORMER HEAD OF SCHOOL

    Total calculated
    $247,817
    From this org
    $247,817
    From related orgs
    $0
    Other
    $0
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $247,817
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $247,817
  • Ryan Baxter

    FORMER HEAD OF LOWER SCHOOL

    Total calculated
    $112,354
    From this org
    $112,354
    From related orgs
    $0
    Other
    $0
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $112,354
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $112,354

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

  • 1a · Housing allowance or residence for personal use
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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 March 2024
IRS schema version
2022v5.0
Source object
202430939349301508

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