St Benedict Classical Academy Inc
Nonprofit profile at a glance
- EIN
- 463090230
- IRS 990 coverage
- 2014–2024
- Forms available
- Form 990 2024
- Location
- South Natick, MA, USA
- Phone
- 5086501900
- Rating
- 72
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Professional Societies, Associations
- Affiliation
- Christianity
Reported finances
- Revenue
- $10,816,643
- Expenses
- $5,341,169
- Assets
- $28,899,639
- Liabilities
- $5,767,081
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
18 people listed
Highest reported compensation
- JAMES L BOREN JR (HEAD OF SCHOOL): $280,281 total reported compensation
- HADLEY KEEFE (DIRECTOR OF ENROLLMENT): $165,006 total reported compensation
- ALEX NEWSOME (DEAN OF STUDENTS): $130,481 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
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.
What it reported doing in 2024
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.
Operating model
- Revenue model
- Donor-supported. 68% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 54
- Transparency & Controls: 79
- Accountability: 91
- Sustainability: 78
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 37.9%; rating input score 38
- Program expense ratio: 76.8%; rating input score 77
- Fundraising efficiency: $34.88 raised per $1 spent on fundraising; rating input score 69; 69th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 50.6%; rating input score 94; 94th percentile among comparable filings
- Total-asset coverage ratio: 5.41; rating input score 86; 86th percentile among comparable filings
- Liabilities to assets ratio: 0.2; rating input score 59; 59th percentile among comparable filings
- Officer compensation ratio: 13%; rating input score 12; 12th percentile among comparable filings
Growth
- Program expense growth: 23.7% per year; rating input score 100; 92nd percentile among comparable filings
- Revenue growth: 24.4% per year; rating input score 100; 95th percentile among comparable filings
- Asset growth: 26.8% per year; rating input score 100; 95th percentile among comparable filings
Details
- Where the money goes: 37.9% of revenue deployed · 76.8% of spending went to programs
- Governance: 14 of 14 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $4.1M in reported program spending
- Leadership: top reported pay $280K · 18 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 4 contractors listed · $16.6M reported
- Consistency: 31 of 31 current checks pass
- Schedules: 9 filed schedules · includes major donors and executive pay
- Filing history: 10 filing years from 2014 to 2024
- Contacts: How to reach this organization
- Money network: 5 filed money-flow records
- 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 38/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- High — Sustainability: Officer compensation ratio scored 12/100.
- Review — Sustainability: Liabilities to assets ratio scored 59/100.