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← ST BENEDICT CLASSICAL ACADEMY INC

Form 990 for tax year 2024

Filed by ST BENEDICT CLASSICAL ACADEMY INC.

Totals

Total revenue
$10,816,643
Total expenses
$5,341,169
Contributions and grants received
$7,314,696
Grants paid
$0
Program service revenue
$3,185,610
Investment income
$0
Other revenue
$316,337
Total assets, end of year
$28,899,639
Total liabilities, end of year
$5,767,081
Net assets or fund balances, end of year
$23,132,558
Program services expenses (Part IX)
$4,099,626
Management and general expenses
$1,031,850
Fundraising expenses
$209,693
Program service expenses (Part III)
$4,099,626

Program services were 76.8% 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

    $7,314,696

  • 1g · Noncash contributions included above

    $5,057,852

  • 2a · Program service revenue: TUITION

    total $3,185,610 · related or exempt $3,185,610

  • 8a · Fundraising events: gross income

    $210,899

  • 8b · Fundraising events: direct expenses

    $50,748

  • 8c · Net income from fundraising events

    total $160,151 · excluded $160,151

  • 11a · Other revenue: OTHER MISCELLANEOUS REVENUE

    total $156,186 · related or exempt $156,186

  • 11e · Other revenue, total

    $156,186

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $280,281 · program services $160,495 · management and general $58,057 · fundraising $61,729

  • 7 · Other salaries and wages

    total $2,494,184 · program services $2,049,545 · management and general $413,889 · fundraising $30,750

  • 8 · Pension plan contributions

    total $8,000 · program services $6,239 · management and general $1,436 · fundraising $325

  • 9 · Other employee benefits

    total $556,150 · program services $387,280 · management and general $125,909 · fundraising $42,961

  • 10 · Payroll taxes

    total $216,023 · program services $168,461 · management and general $38,777 · fundraising $8,785

  • 11c · Fees: accounting

    total $53,358 · management and general $53,358

  • 12 · Advertising and promotion

    total $65,064 · program services $65,064

  • 13 · Office expenses

    total $81,771 · program services $33,778 · management and general $47,993

  • 16 · Occupancy

    total $434,464 · program services $420,474 · management and general $13,990

  • 20 · Interest

    total $219,701 · management and general $219,701

  • 22 · Depreciation, depletion and amortization

    total $383,953 · program services $364,755 · management and general $19,198

  • 23 · Insurance

    total $45,888 · program services $43,594 · management and general $2,294

  • 24a · Other expenses: BOOKS AND SUPPLIES

    total $125,554 · program services $94,370 · management and general $31,184

  • 24b · Other expenses: SCHOOL PROGRAM EXPENSES

    total $122,475 · program services $122,475

  • 24c · Other expenses: UTILITIES EXPENSE

    total $106,995 · program services $101,645 · management and general $5,350

  • 24d · Other expenses: CAMPAIGN EXPENSE

    total $103,051 · program services $37,908 · fundraising $65,143

  • 24e · All other expenses

    total $44,257 · program services $43,543 · management and general $714

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $737,669 · end of year $1,079,061

  • 4 · Accounts receivable

    beginning of year $81,230 · end of year $150,104

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,011 · end of year $40,972

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

    $28,272,100

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

    $642,598

  • 10c · Land, buildings and equipment, net

    beginning of year $19,385,220 · end of year $27,629,502

  • 15 · Other assets

    beginning of year $35,429 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,025,163 · end of year $342,789

  • 19 · Deferred revenue

    beginning of year $176,308 · end of year $247,644

  • 22 · Loans and payables to officers and key people

    beginning of year $350,000 · end of year $9,950,000

  • 25 · Other liabilities

    beginning of year $38,004 · end of year -$4,773,352

  • 27 · Net assets without donor restrictions

    beginning of year $17,652,808 · end of year $17,912,461

  • 28 · Net assets with donor restrictions

    beginning of year $4,276 · end of year $5,220,097

Mission and programs · 2024

Mission

ST. 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 8.

  • 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 $4,099,626 · Revenue $3,341,796

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Daniel Bachiochi

    CHAIRMAN OF BOARD

    Total calculated
    $0
    Hours/week
    2

  • John Dematteo

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Nathalie Calvo

    CLERK

    Total calculated
    $0
    Hours/week
    2

  • Tom Carroll

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Thomas Biggins

    VICE CHAIRMAN

    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

  • Amy Chandran

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Michael Nerbonne

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Sara Poulos

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Adam Subber

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Bret O'Brien

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • James L Boren Jr

    HEAD OF SCHOOL

    Total calculated
    $280,281
    From this org
    $222,103
    From related orgs
    $0
    Other
    $58,178
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $175,303
    Bonus
    $0
    Other
    $46,800
    Deferred
    $7,012
    Nontaxable benefits
    $51,166
    Filer's total
    $280,281

  • Alex Newsome

    DEAN OF STUDENTS

    Total calculated
    $130,481
    From this org
    $117,375
    From related orgs
    $0
    Other
    $13,106
    Hours/week
    40

  • Ivy Schmalzried

    DIRECTOR OF COMMUNICATIONS

    Total calculated
    $120,056
    From this org
    $106,950
    From related orgs
    $0
    Other
    $13,106
    Hours/week
    40

  • Hadley Keefe

    DIRECTOR OF ENROLLMENT

    Total calculated
    $165,006
    From this org
    $113,000
    From related orgs
    $0
    Other
    $52,006
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $113,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $52,006
    Filer's total
    $165,006

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
  • 1b · Written policy on the line-1a expenses
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 2 · Substantiation required before reimbursing expenses
  • 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

The filer's explanations (Part III)

PART I, LINE 1A
THE ORGANIZATION PROVIDES COMPENSATION TO ITS HEADMASTER, JAMES L. BOREN, JR, WHICH INCLUDES BASE SALARY, HOUSING STIPEND AND TUITION FOR HIS CHILDREN. THE BASE SALARY AND HOUSING STIPEND ARE FULLY TAXABLE COMPENSATION AND ARE INCLUDED IN TOTAL COMPENSATION REPORTED ON FORM 990, SCHEDULE J, PART I. HADLEY KEEFE RECEIVED A SIMILAR BENEFIT DURING THE YEAR, EXCEPT FOR THE HOUSING STIPEND.

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
2024
Filed
7 May 2026
IRS schema version
2024v5.5
Source object
202601349349303885

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