Episcopal Academy

Organization Overview

Episcopal Academy is located in Newtown Square, PA. The organization was established in 1943. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Episcopal Academy employed 446 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Episcopal Academy 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 06/2021, Episcopal Academy generated $56.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $52.8m during the year ending 06/2021. While expenses have increased by 2.4% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

A CO-EDUCATIONAL INDEPENDENT DAY SCHOOL FOR GRADES PRE-K THROUGH TWELVE.

Describe the Organization's Program Activity:

THE EPISCOPAL ACADEMY IS AN INDEPENDENT, CO-EDUCATIONAL DAY SCHOOL LOCATED IN NEWTOWN SQUARE, PENNSYLVANIA. ITS CURRICULUM IS COLLEGE PREPARATORY AND INCLUDES GRADES PRE-KINDERGARTEN THROUGH TWELVE. THE ENROLLMENT AT THE ACADEMY IS 1,255 STUDENTS. THE SCHOOL PARTICIPATES IN COMMUNITY SERVICE WORK THAT EXEMPLIFIES THE SCHOOL'S MISSION. THE EPISCOPAL ACADEMY GREATLY VALUES DIVERSITY OF ALL KINDS, INCLUDING RACIAL AND ECONOMIC. TO HELP ACHIEVE THIS DIVERSITY, APPROXIMATELY $8.8 MILLION OF NEED-BASED FINANCIAL AID IS GRANTED TO FAMILIES EACH YEAR IN ORDER TO MAKE IT POSSIBLE FOR CHILDREN [CONT. ON SCH. O]TO ATTEND THE SCHOOL. APPROXIMATELY 24% OF THE STUDENT POPULATION IS AWARDED FINANCIAL AID. ON AVERAGE, THIS AWARD IS APPROXIMATELY 68% OF THE AVERAGE TUITION.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
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Southampton Window Cleaning &
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Hvac Services
$266,600
Eplus Technology Inc
Technology Services
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Arthur Desolis Paving Contractor Inc
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$210,944
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Financial Statements

Statement of Revenue
Federated campaigns$18,166
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $207,615
All other contributions, gifts, grants, and similar amounts not included above$12,180,324
Noncash contributions included in lines 1a–1f $551,568
Total Revenue from Contributions, Gifts, Grants & Similar$12,406,105
Total Program Service Revenue$42,594,856
Investment income $1,953,559
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $22,788
Net Gain/Loss on Asset Sales $19,706
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory -$448,528
Miscellaneous Revenue$0
Total Revenue $56,548,486

Grants Recieved

Over the last fiscal year, we have identified 46 grants that Episcopal Academy has recieved totaling $1,702,152.

Awarding OrganizationAmount
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$622,455
Shanahan Family Charitablefoundation

Pasadena, CA

PURPOSE: GENERAL PURPOSE

$250,000
George Graham Smith & Elizabeth Galloway Smith Foundation Inc

Hopewell, NJ

PURPOSE: UNRESTRICTED SUPPORT

$125,000
Colket Family Foundation

Newtown Square, PA

PURPOSE: GENERAL OPERATING

$100,000
Zidek Fam Foundation

Villanova, PA

PURPOSE: PROVIDE SUPPORT FOR EDUCATIONAL PURSUITS

$60,000
Wellington Management Foundation

Boston, MA

PURPOSE: See Part IV

$50,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$78,514,854
Earnings$19,836,127
Admin Expense$56,220
Net Contributions$6,474,221
Other Expense$1,578,572
Grants$1,478,048
Ending Balance$101,712,362

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