Malvern Preparatory School
- Assets
- $77.0m
- Revenue
- $36.0m
- Investments
- $0.0
- Employees
- 249
- Location
- Malvern, PA
- Founding
- 03/1946
- Data as of
- 06/2022
- EIN
- 23-1352658
Organization Overview
Malvern Preparatory School is located in Malvern, PA. The organization was established in 1946. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2022, Malvern Preparatory School employed 249 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Malvern Preparatory School 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 06/2022, Malvern Preparatory School generated $36.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $28.5m during the year ending 06/2022. While expenses have increased by 2.2% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
MALVERN PREPARATORY SCHOOL IS AN INDEPENDENT, AUGUSTINIAN, CATHOLIC SCHOOL THAT EDUCATES ITS STUDENTS IN A CARING ENVIRONMENT, FOCUSED ON ACADEMICS WHILE MAINTAINING BALANCE AMONG SPIRITUALITY, ARTS, ATHLETICS AND ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLEGE PREPARATORY EDUCATION FOR STUDENTS IN GRADES 6-12, RELATED ATHLETIC AND OTHER EXTRA CURRICULAR PROGRAMS FOR APPROXIMATELY 630 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Theodore N Caniglia Jr Dir Financia | Officer | 40 | $204,323 |
George P Sillup Asst. Head O | Officer | 40 | $172,663 |
Ronald A Algeo Asst. Head O | Officer | 40 | $169,047 |
Jeffrey M Kinney Dir Of Facil | Officer | 40 | $157,178 |
Joseph M Treston Jr Dir. Develop | 40 | $133,748 | |
Neha Morrison Hr Director | 40 | $130,224 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $80,940 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,143,824 |
| Noncash contributions included in lines 1a–1f | $105,079 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,224,764 |
| Total Program Service Revenue | $23,245,841 |
| Investment income | $369,329 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $147,864 |
| Net Income from Gaming Activities | $7,680 |
| Net Income from Sales of Inventory | $133,190 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $36,046,304 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,080,800 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $240,515 |
| Compensation of current officers, directors, key employees. | $192,412 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,932,861 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,007,394 |
| Payroll taxes | $789,363 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $398,795 |
| Advertising and promotion | $611,503 |
| Office expenses | $174,187 |
| Information technology | $317,475 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $128,736 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $173,299 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,179,031 |
| Insurance | $308,505 |
| All other expenses | $2,567,117 |
| Total functional expenses | $28,466,982 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,421,865 |
| Savings and temporary cash investments | $1,632,306 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $211,522 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $63,826 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $40,587,357 |
| Investments—publicly traded securities | $30,434,947 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $619,937 |
| Total assets | $76,971,760 |
| Accounts payable and accrued expenses | $2,896,642 |
| Grants payable | $0 |
| Deferred revenue | $1,048,992 |
| Tax-exempt bond liabilities | $5,829,775 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,665,963 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $455,509 |
| Total liabilities | $11,896,881 |
| Net assets without donor restrictions | $45,901,699 |
| Net assets with donor restrictions | $19,173,180 |
| 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 | $76,971,760 |
Grants Recieved
Over the last fiscal year, we have identified 22 grants that Malvern Preparatory School has recieved totaling $268,905.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $98,600 |
Silverback Educational Foundation For The Arts Dance And Athletics Newtown Square, PA PURPOSE: EDUCATIONAL SUPPORT | $34,750 |
Davis Family Foundation Hanover, MD PURPOSE: GENERAL USE | $25,000 |
Howley Foundation Ua 05192016 Cleveland, OH PURPOSE: SCHOLARSHIPS | $24,000 |
Sheridan Foundation Inc Fort Washington, PA PURPOSE: SCHOLARSHIPS OR OPERATING EXPENSES | $22,500 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $13,257 |
Endowment Analysis
| Beg. Balance | $27,581,238 |
| Earnings | -$4,154,166 |
| Net Contributions | $1,527,888 |
| Other Expense | $1,069 |
| Grants | $457,222 |
| Ending Balance | $24,496,669 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trustees Of The Lawrenceville School Lawrenceville, NJ | $908,146,906 | $142,227,478 |
The Hill School Pottstown, PA | $339,549,890 | $89,638,080 |
Regents Of The Mercersburg College Mercersburg, PA | $535,140,744 | $49,172,082 |
Gilman School Inc Baltimore, MD | $238,892,271 | $38,036,593 |
Blair Academy Blairstown, NJ | $256,075,147 | $54,316,334 |
Holton-Arms School Inc Bethesda, MD | $133,918,121 | $38,119,997 |
Western Reserve Academy Hudson, OH | $203,998,204 | $58,141,913 |
The Seven Hills Schools Cincinnati, OH | $111,206,150 | $34,365,521 |
Morristown-Beard School Morristown, NJ | $71,175,267 | $35,071,625 |
Pennington School Pennington, NJ | $95,126,184 | $33,377,887 |
St Andrews Episcopal School Inc Potomac, MD | $83,174,031 | $30,817,454 |
St Andrews School Of Delaware Inc Middletown, DE | $398,873,444 | $32,788,416 |