Skip to content
Nonprofiteer
← ADELPHI ACADEMY

Form 990 for tax year 2023

Filed by ADELPHI ACADEMY.

Totals

Total revenue
$4,213,513
Total expenses
$4,033,425
Contributions and grants received
$1,247,786
Grants paid
$0
Program service revenue
$2,902,238
Investment income
$0
Other revenue
$63,489
Total assets, end of year
$3,064,052
Total liabilities, end of year
$6,951,974
Net assets or fund balances, end of year
-$3,887,922
Program services expenses (Part IX)
$3,090,910
Management and general expenses
$928,287
Fundraising expenses
$14,228
Program service expenses (Part III)
$3,090,910

Program services were 76.6% 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.

  • 1e · Government grants (contributions)

    $1,236,953

  • 1f · All other contributions, gifts and grants

    $10,833

  • 2a · Program service revenue: TUITION & OTHER STUDENT FEES

    total $2,810,744 · related or exempt $2,810,744

  • 2b · Program service revenue: RENTAL

    total $73,686 · excluded $73,686

  • 2c · Program service revenue: INTEREST

    total $9,161 · excluded $9,161

  • 2d · Program service revenue: MISCELLANEOUS

    total $8,647 · related or exempt $8,647

  • 8a · Fundraising events: gross income

    $129,724

  • 8b · Fundraising events: direct expenses

    $66,235

  • 8c · Net income from fundraising events

    total $63,489

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $274,860 · management and general $274,860

  • 7 · Other salaries and wages

    total $1,520,207 · program services $1,253,913 · management and general $266,294

  • 8 · Pension plan contributions

    total $23,567 · management and general $23,567

  • 9 · Other employee benefits

    total $50,090 · program services $29,362 · management and general $20,728

  • 10 · Payroll taxes

    total $135,790 · program services $97,018 · management and general $38,772

  • 11b · Fees: legal

    total $97,533 · management and general $97,533

  • 11c · Fees: accounting

    total $88,125 · management and general $88,125

  • 11g · Fees: other

    total $5,519 · management and general $5,519

  • 12 · Advertising and promotion

    total $27,233 · program services $3,252 · management and general $9,753 · fundraising $14,228

  • 13 · Office expenses

    total $2,614 · program services $2,353 · management and general $261

  • 14 · Information technology

    total $30,832 · program services $27,749 · management and general $3,083

  • 16 · Occupancy

    total $508,502 · program services $483,078 · management and general $25,424

  • 22 · Depreciation, depletion and amortization

    total $98,907 · program services $93,962 · management and general $4,945

  • 23 · Insurance

    total $103,521 · program services $98,345 · management and general $5,176

  • 24a · Other expenses: STUDENT ACTIVITIES

    total $307,288 · program services $307,288

  • 24b · Other expenses: CONTRACTORS

    total $214,812 · program services $197,800 · management and general $17,012

  • 24c · Other expenses: BAD DEBT EXPENSE

    total $186,321 · program services $186,321

  • 24d · Other expenses: STUDENT SUPPLIES & EXP

    total $177,227 · program services $177,227

  • 24e · All other expenses

    total $180,477 · program services $133,242 · management and general $47,235

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $651,384 · end of year $256,506

  • 4 · Accounts receivable

    beginning of year $1,562,343 · end of year $1,756,204

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

    $4,906,901

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

    $3,855,559

  • 10c · Land, buildings and equipment, net

    beginning of year $1,150,249 · end of year $1,051,342

  • 17 · Accounts payable and accrued expenses

    beginning of year $97,784 · end of year $270,390

  • 19 · Deferred revenue

    beginning of year $132,050 · end of year $120,230

  • 22 · Loans and payables to officers and key people

    beginning of year $256,777 · end of year $139,879

  • 23 · Secured mortgages and notes payable

    beginning of year $6,760,709 · end of year $6,245,516

  • 25 · Other liabilities

    beginning of year $220,000 · end of year $175,959

  • 27 · Net assets without donor restrictions

    beginning of year -$4,103,344 · end of year -$3,887,922

Mission and programs · 2023

Mission

A COLLEGE PREPARATORY SCHOOL WHICH PROVIDES DIVERSE STUDENT BODY WITH A NURTURING, COMPREHENSIVE & CHALLENGING PROGRAM OF STUDIES AND ACTIVITIES IN A SAFE, CARING & SECURE ENVIRONMENT. THE FOCUS OF THE INSTRUCTIONAL & SUPPORT PROGRAM OFFERED IS ON THE INDIVIDUAL STUDENT.

Activities or mission (Part I)

A COLLEGE PREPARATORY SCHOOL WHICH PROVIDES DIVERSE STUDENT BODY WITH A NURTURING, COMPREHENSIVE & CHALLENGING PROGRAM OF STUDIES AND ACTIVITIES IN A SAFE, CARING & SECURE ENVIRONMENT.

  • EXEMPT PURPOSE IS EDUCATIONAL SERCVICES. ADELPHI ACADEMY IS A PRIVATE SCHOOL WHICH SERVICES PRE K TO GRADE 12.

    Expenses $3,090,910 · Revenue $2,902,238

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Iphigenia Romanos

    HEAD OF SCHO

    Total calculated
    $262,067
    From this org
    $223,317
    From related orgs
    $0
    Other
    $38,750
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $223,317
    Bonus
    not reported
    Other
    not reported
    Deferred
    $23,839
    Nontaxable benefits
    $14,911
    Filer's total
    $262,067

  • Albert C Corhan

    DIR OF OPERA

    Total calculated
    $230,676
    From this org
    $198,066
    From related orgs
    $0
    Other
    $32,610
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $198,066
    Bonus
    not reported
    Other
    not reported
    Deferred
    $23,839
    Nontaxable benefits
    $8,771
    Filer's total
    $230,676

  • William Bradley

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Amable Mieses

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Joseph Mure

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Rudy Saviano

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Mani Scorso

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Jean Trivino

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

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

  • 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
2023
Filed
12 May 2025
IRS schema version
2023v6.0
Source object
202501359349306570

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.