The Lyceum

EIN 32-0079287 Public charity (501(c)(3)) South Euclid, OH NTEE B20
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Revenue & expenses by yearFY2020–FY2024
Revenue
$1.2M
FY2024▲ +36%
Expenses
$948K
FY2024▲ +20%

Form 990 for the fiscal year ending December 2024 (IRS tax year 2024).


Educates students in liberal arts to foster well-rounded Catholic individuals. For fiscal year 2024 it reported $1.2M in revenue, $948K in expenses, and $689K in net assets.Pt I

Founded
2003
Type
Public charity (501(c)(3)) · Education
Location
South Euclid, OH
Website
www.thelyceum.org
Filings
5 on file (2020–2024)
Revenue
$1.2MFY2024
Expenses
$948K
Net assets
$689K
People
4
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Figures match the IRS filing checked 9/28/26 · see original: IRS
Provided by the organization

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Size
$1–10M
What they do
Educates students in liberal arts to foster well-rounded Catholic individuals.
Leadership
Luke Macik · Headmaster · $95K
Money in and out
$1.2M revenue, $948K expenses
Bottom line
98% program efficiency

What Funders Ask

From IRS filings

Tax-deductible?

good Yes

Per the IRS master file. Details →

Can I give now?

good No revocation on IRS record

Not on the IRS revocation list. Details →

Filing up to date?

good Filed FY2024 (typical filing lag)

Details →

Foundation funders?

good 2 funders, incl. Rancho Santa Fe Foundation

$35K in the latest grant year. Details →

Spent on programs?

good 98% to programs

Form 990 Part IX, latest filing. Details →

Size and trend

$1–10M

↑ +36% vs prior year Details →

Where the money goes · FY2024
Total revenue
$1.2M
Pt VIII · Ln 12
Total expenses
$948K
Pt IX · Ln 25
Net assets
$689K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $216K
Where spending went · Part IX cols B–D
Program services $0.98 Management & general $0.02 Fundraising $0.00
Program efficiency
98%
of spending reaches programs▲ +1% vs prior filing year
Operating runway
7.8mo
months of highly liquid reserves at operating expense rate▲ +7% vs prior filing year
Surplus margin
+19%
revenue over expenses, this year▲ +145% vs prior filing year

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Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$740K
FY2024▲ +50%
Total liabilities
$51K
FY2024▲ +148%
Revenue less expensesPt I · Ln 19$216K
Total assetsPt X · Ln 16$740K
Program-expense ratioPt IX · col B98%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 43

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CThe Lyceum
EINHdr · item D32-0079287
Principal addressHdr · item CSouth Euclid, OH
WebsiteHdr · item Jwww.thelyceum.org
Year of formationHdr · item L2003
State of legal domicileHdr · item MOH
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B20)
Ruling yearIRS BMFDec 2003

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Headmaster
$95,000Pt VII · Sec A
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A

Luke Macik’s $95K as Headmaster is at the 28th percentile of top reported officer pay among 3394 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Luke Macik$95,000$95,000$95,000$95,000$80,000$80,700

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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Mission & Programs · Part III

Where the work happens

1 program service account for $927K of program spending, described in the organization's own filed words · FY2024.
01

The purpose and business of this corporation is to establish, maintain and conduct a school for the education of boys and girls in the years before college

$927Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$620K · 53%
Program service revenue$498K · 43%
Other revenue$34K · 3%
Investment income$11K · 1%
Contributions & grants53%$620K
Program service revenue43%$498K
Other revenue3%$34K
Investment income1%$11K
— government grantsLn 1e$159K
Total revenueLn 12$1.2M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.98 Management & general $0.02 Fundraising $0.00
Program services98%$927K
Management & general2%$21K
Fundraising$304
Total functional expensesLn 25$948K

Balance Sheet

Part X · end of year
CashLn 1$614K
Total assetsLn 16$740K
Total liabilitiesLn 26$51K
Total net assetsLn 32$689K
Months of cash on handcomputed7.8

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $614K · Operating expenses/yr $948K
7.8 months
Where the money goes
Program services
Program services $927K · Total expenses $948K
98%
Management & General
Management & general $21K · Total expenses $948K
2%
Fundraising
Fundraising $304 · Total expenses $948K
0.03%
Cost to raise $1
Fundraising expense (3-yr avg) $101 · Solicited contributions (3-yr avg) $366K
$0.00 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $620K · Total revenue $1.2M
53%
Government reliance
Government grants $159K · Total revenue $1.2M
14%
Earned-income share
Program service revenue $498K · Total revenue $1.2M
43%
Investment reliance
Investment income $11K · Total revenue $1.2M
+1.0%
Program self-sufficiency
Program service revenue $498K · Total expenses $948K
53%
Growth & trend
Revenue growth (YoY)
This year $1.2M · Prior year $853K
+36%
Revenue CAGR
FY2019 $589K · FY2024 $1.2M
+15%
Net-asset trend (YoY)
End of year $689K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.2M · Expenses $948K
+19%
Liabilities-to-Assets
Total liabilities — · Total assets $740K
—
Net-asset ratio
Net assets $689K · Total assets $740K
93%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $740K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Luke Macik · Reported title HEADMASTER · Highest reported compensation $95K · Total expenses $948K
10%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $628K · Total expenses $948K
66%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 98%——
Overhead ratio 2%——
Fundraising cost ratio 0.05%——
Revenue growth 36%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$35K
Grants paid · 1 grant · $85K · 2024–2024
Unitemized GrantFY2024$85,250

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$853K revenue · ⤓ 990 PDF
FY2023$768K revenue · ⤓ 990 PDF
FY2022$763K revenue · ⤓ 990 PDF
FY2021$621K revenue · ⤓ 990 PDF
FY2020$589K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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