Moravian Academy FY2021 filing

Tax-deductible

Bethlehem, PA501(c)(3)Since 1742EIN 24-0829838Revenue $34.2M in FY2021

On file with the IRSmoravianacademy.org7 East Market Street 2nd Floor, 18018-5906 · Bethlehem, PATax-exempt since Oct 1957Church — 170(b)(1)(A)(i)

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Moravian Academy nurtures the joyful spirit of each learner and empowers inclusive global citizens to think critically, communicate effectively, lead with integrity, and strive for excellence.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
$1.0M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $705K a year · 2% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.0M
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.3 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$3.9M
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
23
of 23 voting members
Looks good: 23 of 23 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$34.2M
+44% vs prior year
Spent
$22.6M
To programs
83%
Net assets
$43.6M
By yearFY2020–FY2025
Revenue
$34.2M
FY2021▲ +44%
Tap a bar for its year
Revenue by fiscal year
FY2020$23.8M
FY2021$34.2M
FY2022$25.2M
FY2023$33.1M
FY2024$32.2M
FY2025$33.2M
Expenses
$22.6M
FY2021▼ -4%
Tap a bar for its year
Expenses by fiscal year
FY2020$23.4M
FY2021$22.6M
FY2022$24.3M
FY2023$35.8M
FY2024$35.4M
FY2025$36.0M
Net assets
$43.6M
FY2021▲ +14%
Tap a bar for its year
Net assets by fiscal year
FY2020$38.3M
FY2021$43.6M
FY2022$39.6M
FY2023$41.9M
FY2024$41.8M
FY2025$41.3M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1957.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $18.7M Management & general 11% · $2.6M Fundraising 6% · $1.3M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

29 people listed on the 990; $1.0M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Head of School
$228,315Pt VII · Sec A
Director of Institutional
$177,030Pt VII · Sec A
Director of the Downtown C
$163,752Pt VII · Sec A
Assistant Head of School
$126,450Pt VII · Sec A
Director of Upper School
$115,833Pt VII · Sec A
Director of the Lower School
$115,095Pt VII · Sec A
Chief Financial and Operat
$109,064Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Adrianne Finley Odell$408,844$367,969————
Jeffrey Zemsky——$270,858$251,145——
Jeff Zemsky————$228,315$199,092
Armistead Webster—$205,593————
Robert Zaiser$194,885$182,348$185,287$180,315$177,030$175,030
Lara Diefenderfer Wulff$188,969—————
Adrianne N Finley Odell——$178,852———
Dianne Hurley———$177,625$109,064—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Nurtures learners' joy and empowers global citizens to think critically and lead with integrity.

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Provided by the organization

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2 programs · $18.7M · in their own filed words · FY2020
01

The education of 675 students in grades pre-kindergarten through 12 in the moravian tradition. The moravian academy experience provides a strong academic foundation in preparation for college, develops self-respect, dignity and concern for others, develops creativity, and an appreciation of aesthetic values, develops physical skill,and…

$18.5Mprogram expense
02

Summer Programming

Lehigh valley summerbridge assists middle school students with academic potential and limited resources to enter and succeed in college preparatory programs. At lehigh valley summerbridge, high school and college students teach and mentor middle school students.

$233Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$10K
Grants paid · 3 grants · $11.5M · 2019–2021
Unitemized GrantFY2021$3,848,349
Unitemized GrantFY2020$3,984,314
Unitemized GrantFY2019$3,646,065

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$34.2M
Ln 12
Fees for servicesLn 2g$18.3M
Investment incomeLn 3$13.3M
Gifts and grantsLn 1h$2.5M
Money outPt IX
$22.6M
Ln 25
Programscol B$18.7M
Managementcol C$2.6M
Fundraisingcol D$1.3M
Owns and owesPt X
$43.6M
net assets · Ln 32
Cash and savingsLn 1–2$519K
Total assetsLn 16$47.4M
LiabilitiesLn 26$3.9M
PeoplePt VI, VII
29
listed · VII A
PaidVII A7
Voting boardVI 1a23
IndependentVI 1b23
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.5M
Government grantsLn 1e$443K
Noncash giftsLn 1g$1K
Fundraising eventsLn 1c$51K
Fees for servicesLn 2g$18.3M
Investment incomeLn 3$13.3M
Other incomeLn 4–11$116K
Gains on assetsLn 7$12.6M
Total revenueLn 12$34.2M
Assets in detailPt X, end of year
CashLn 1$410
SavingsLn 2$518K
Cash and savings togetherLn 1–2$519K
InvestmentsLn 11–13$32.7M
Land, buildings, equipmentLn 10c$13.7M
Total assetsLn 16$47.4M
LiabilitiesLn 26$3.9M
Net assetsLn 32$43.6M
OperationsPt I, VI
EmployeesI 5370
VolunteersI 6295
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$2.4M$519K
InvestmentsLn 11–13$25.8M$32.7M
Land, buildings, equipmentLn 10c$14.4M$13.7M
Total assetsLn 16$43.2M$47.4M
LiabilitiesLn 26$4.9M$3.9M
Net assetsLn 32$38.3M$43.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$4.0M$4.0M
Pay of current officers, directors and key staffLn 5$944K$335K$235K$374K
Other salaries and wagesLn 7$8.7M$7.6M$924K$205K
Pension plan contributionsLn 8$650K$526K$81K$43K
Other employee benefitsLn 9$1.0M$830K$111K$76K
Payroll taxesLn 10$677K$561K$80K$36K
Legal feesLn 11b$58K$58K
Accounting feesLn 11c$130K$130K
Other fees for servicesLn 11g$201K$196K$5K
Advertising and promotionLn 12$150K$32K$118K
Office expensesLn 13$165K$37K$55K$73K
Information technologyLn 14$336K$181K$116K$39K
OccupancyLn 16$417K$354K$42K$21K
TravelLn 17$43K$38K$4K$159
InterestLn 20$66K$66K
Depreciation, depletion and amortizationLn 22$1.8M$1.5M$181K$91K
InsuranceLn 23$107K$21K$86K
Other expenses (24a–d)Ln 24$3.1M$2.7M$196K$208K
Total functional expensesLn 25$22.6M$18.7M$2.6M$1.3M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $33.2M$36.0M−$2.8M$41.3M 990 PDF
FY2024 $32.2M$35.4M−$3.2M$41.8M 990 PDF
FY2023 $33.1M$35.8M−$2.7M$41.9M 990 PDF
FY2022 $25.2M$24.3M$904K$39.6M 990 PDF
FY2021 Viewing $34.2M$22.6M$11.6M$43.6M 990 PDF
FY2020 $23.8M$23.4M$395K$38.3M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $34,193,024 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,604,021$2,473,137
I-9 Program service revenuePrior year $19,125,823$18,324,045
I-10 Investment incomePrior year $817,855$13,279,928
I-11 Other revenuePrior year $247,020$115,914
I-12 Total revenuePrior year $23,794,719$34,193,024
I-13 Grants and similar amounts paidPrior year $3,646,065$3,984,314
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $12,998,316$11,990,565
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $6,755,269$6,593,294
I-18 Total expensesPrior year $23,399,650$22,568,173
I-19 Revenue less expensesPrior year $395,069$11,624,851
Part VI · Governance 23 of 23 board members independent, no flags
VI-1a Voting members of the governing body23
VI-1b Independent voting members23
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $34,193,024 across 12 lines filed
VIII-1c Fundraising events$51,003
VIII-1e Government grants$442,994
VIII-1f All other contributions, gifts and grants$1,979,140
VIII-1g Noncash contributions (included above)$1,322
VIII-1h Total contributions, gifts and grants$2,473,137
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $18,324,045$18,324,045
VIII-3 Investment incomeExcluded from tax $670,808$670,808
VIII-6 Net rental income or lossExcluded from tax −$79,587−$79,587
VIII-7 Net gain or loss on sales of assetsExcluded from tax $12,609,120$12,609,120
VIII-8 Net income from fundraising eventsExcluded from tax $147,410$147,410
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $48,091$48,091
VIII-12 Total revenueRelated to mission $18,324,045 · Unrelated business $0 · Excluded from tax $13,395,842$34,193,024
Part IX · Statement of functional expenses $22,568,173 across 18 lines filed
IX-2 Grants to domestic individualsPrograms $3,984,314$3,984,314
IX-5 Pay of current officers, directors and key staffPrograms $334,855 · Management $235,135 · Fundraising $373,749$943,739
IX-7 Other salaries and wagesPrograms $7,574,275 · Management $923,864 · Fundraising $205,184$8,703,323
IX-8 Pension plan contributionsPrograms $526,003 · Management $80,832 · Fundraising $42,790$649,625
IX-9 Other employee benefitsPrograms $829,606 · Management $110,874 · Fundraising $76,390$1,016,870
IX-10 Payroll taxesPrograms $560,529 · Management $80,221 · Fundraising $36,258$677,008
IX-11b Legal feesManagement $58,054$58,054
IX-11c Accounting feesManagement $129,976$129,976
IX-11g Other fees for servicesManagement $196,019 · Fundraising $4,647$200,666
IX-12 Advertising and promotionManagement $31,626 · Fundraising $118,080$149,706
IX-13 Office expensesPrograms $37,128 · Management $55,170 · Fundraising $73,133$165,431
IX-14 Information technologyPrograms $181,364 · Management $115,658 · Fundraising $39,380$336,402
IX-16 OccupancyPrograms $354,291 · Management $41,681 · Fundraising $20,841$416,813
IX-17 TravelPrograms $38,427 · Management $4,031 · Fundraising $159$42,617
IX-20 InterestManagement $66,269$66,269
IX-22 Depreciation, depletion and amortizationPrograms $1,542,599 · Management $181,482 · Fundraising $90,741$1,814,822
IX-23 InsurancePrograms $20,865 · Management $86,022$106,887
IX-24 Other expenses (24a–d)Programs $2,702,076 · Management $195,848 · Fundraising $207,727$3,105,651
IX-25 Total functional expensesPrograms $18,686,332 · Management $2,592,762 · Fundraising $1,289,079$22,568,173
Part X · Balance sheet $47,443,371 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $613$410
X-2 Savings and temporary cash investmentsStart of year $2,385,109$518,240
X-3 Pledges and grants receivableStart of year $156,782$316,566
X-4 Accounts receivableStart of year $296,894$76,218
X-9 Prepaid expenses and deferred chargesStart of year $127,235$216,376
X-10c Land, buildings and equipment, netStart of year $14,359,621$13,658,934
X-11 Publicly traded securitiesStart of year $25,585,960$32,507,483
X-12 Other securitiesStart of year $260,743$149,144
X-16 Total assetsStart of year $43,172,957$47,443,371
X-17 Accounts payable and accrued expensesStart of year $1,523,264$1,483,931
X-19 Deferred revenueStart of year $442,994$211,474
X-25 Other liabilitiesStart of year $724,679$573,485
X-26 Total liabilitiesStart of year $4,914,495$3,892,433
X-27 Net assets without donor restrictionsStart of year $18,478,308$19,819,132
X-28 Net assets with donor restrictionsStart of year $19,780,154$23,731,806
X-32 Total net assets or fund balancesStart of year $38,258,462$43,550,938
X-33 Total liabilities and net assetsStart of year $43,172,957$47,443,371
Part XI · Reconciliation of net assets $43,550,938 net assets at year end
XI-1 Total revenue$34,193,024
XI-2 Total expenses$22,568,173
XI-3 Revenue less expenses$11,624,851
XI-4 Net assets at start of year$38,258,462
XI-5 Net unrealized gains (losses) on investments−$6,332,375
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$43,550,938

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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