St Benedict Classical Academy Inc
- Assets
- $10.6m
- Revenue
- $3.1m
- Investments
- $35.9k
- Employees
- 30
- Location
- South Natick, MA
- Founding
- 06/2014
- Data as of
- 06/2022
- EIN
- 46-3090230
Organization Overview
St Benedict Classical Academy Inc is located in South Natick, MA. The organization was established in 2014. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. As of 06/2022, St Benedict Classical Academy Inc employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Benedict Classical Academy Inc 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, St Benedict Classical Academy Inc generated $3.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.1% each year . All expenses for the organization totaled $2.1m during the year ending 06/2022. While expenses have increased by 13.4% 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
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 6.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James L Boren Jr Head Of School | 40 | $133,900 | |
Daniel Bachiochi President | OfficerTrustee | 2 | $0 |
John Dematteo Treasurer | OfficerTrustee | 2 | $0 |
Martine Elie Clerk | OfficerTrustee | 2 | $0 |
Ben Finnegan Director | Trustee | 2 | $0 |
Mary Beth Klee Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,549,295 |
| Noncash contributions included in lines 1a–1f | $2,407 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,549,295 |
| Total Program Service Revenue | $1,469,612 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $78,443 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,137,870 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,127,925 |
| Pension plan accruals and contributions | $5,114 |
| Other employee benefits | $111,314 |
| Payroll taxes | $100,163 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $39,279 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,374 |
| Office expenses | $56,375 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $183,766 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $61,953 |
| Insurance | $21,774 |
| All other expenses | $31,827 |
| Total functional expenses | $2,062,956 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,338,005 |
| Savings and temporary cash investments | $251,255 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $44,472 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $14,877 |
| Net Land, buildings, and equipment | $5,958,057 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $35,861 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,642,527 |
| Accounts payable and accrued expenses | $233,261 |
| Grants payable | $0 |
| Deferred revenue | $111,140 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $344,401 |
| Net assets without donor restrictions | $4,589,255 |
| Net assets with donor restrictions | $5,708,871 |
| 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 | $10,642,527 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that St Benedict Classical Academy Inc has recieved totaling $147,970.
| Awarding Organization | Amount |
|---|---|
Slaggie Family Foundation Winona, MN PURPOSE: GENERAL SUPPORT | $100,000 |
Community Foundation For Southeast Michigan Detroit, MI PURPOSE: BUILDING FUND | $25,000 |
Catholic Schools Foundation Inc Boston, MA PURPOSE: SCHOLARSHIP SUPPORT | $15,470 |
Icatholic Media Inc Watertown, MA PURPOSE: EDUCATIONAL BROADBAND SERVICE PROGRAM | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Educators For Excellence New York, NY | $11,862,127 | $12,667,542 |
New England Association Of Schools & Colleges Inc Lowell, MA | $16,030,739 | $7,781,290 |
National Association For Communitycollege Entrepreneurship Inc Springfield, MA | $6,289,800 | $9,180,513 |
Nea-New Hampshire Concord, NH | $10,833,328 | $6,924,700 |
Center For Educational Innovation New York, NY | $3,305,790 | $4,609,505 |
National Education Association Rhode Island Cranston, RI | $10,459,695 | $4,596,791 |
American Federation Of Teachers Buffalo, NY | $5,936,673 | $3,712,581 |
New England Commission Of Higher Education Inc Burlington, MA | $6,648,757 | $4,536,246 |
Living Independently Is For Everyone At Rcil Inc Utica, NY | $1,208,648 | $3,312,163 |
Massachusetts Charter Public School Association Inc Hudson, MA | $3,207,817 | $3,098,616 |
American Federation Of Teachers Syracuse, NY | $1,937,593 | $2,702,406 |
New York State Association Of Independent Schools Albany, NY | $2,779,045 | $2,804,304 |