Regina Luminis Academy
Nonprofit profile at a glance
- EIN
- 331213848
- IRS 990 coverage
- 2016–2024
- Forms available
- Form 990 2024
- Location
- Berwyn, PA, USA
- Phone
- 6102693905
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Elementary, Secondary Education, K - 12
- Affiliation
- Christianity
Reported finances
- Revenue
- $2,452,101
- Expenses
- $2,561,275
- Assets
- $137,187
- Liabilities
- $123,000
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
People named in this filing
- MARK A ANTHONY (BOARD CHAIR)
- MIKE WASSIL (TREASURER)
- PIETRO GIARDINI (DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Regina luminis academy is a private, independent school grades pre-k through 12, founded, with the help of gods grace, to assist parents in the education and formation of their children by providing a classical liberal arts education in the tradition of the roman catholic church and faithful to the magisterium. It is the mission of the academy to promote and nurture the spiritual, intellectual, and physical growth and talents of its students through the time-tested classical liberal arts course of study. Students study and learn in a wholesome and rigorous environment. The catholic faculty integrates the magisterial teaching and tradition of the catholic church throughout the curriculum. In partnership with their families, students are taught to be effective catholic citizens and leaders. They are taught to know, love and serve god and neighbor, aware of their ultimate purpose in lifeeternal happiness with god in heaven.
What it reported doing in 2024
School operations for grades pre-k through 12.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 73% for direct work, and 27% for grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 87
- Transparency & Controls: 94
- Accountability: 88
- Sustainability: 22
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 86.6%; rating input score 87
- Program expense ratio: 82.9%; rating input score 83
- Fundraising efficiency: $31,692.45 raised per $1 spent on fundraising; rating input score 100; 100th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 5 of 7 controls in place; rating input score 71
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -4.5%; rating input score 21; 21st percentile among comparable filings
- Total-asset coverage ratio: 0.05; rating input score 2; 2nd percentile among comparable filings
- Liabilities to assets ratio: 0.9; rating input score 7; 7th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 91; 91st percentile among comparable filings
Growth
- Program expense growth: 17.1% per year; rating input score 100; 81st percentile among comparable filings
- Revenue growth: 17% per year; rating input score 100; 85th percentile among comparable filings
- Asset growth: 14.7% per year; rating input score 100; 74th percentile among comparable filings
Details
- Where the money goes: 86.6% of revenue deployed · 82.9% of spending went to programs
- Governance: 7 of 7 board members independent · 5 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $2.1M in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 27 of 27 current checks pass
- Schedules: 7 filed schedules · includes major donors and grants
- Filing history: 8 filing years from 2016 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 21/100.
- High — Sustainability: Total-asset coverage ratio scored 2/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Sustainability: Liabilities to assets ratio scored 7/100.