Saint James School FY2024 filing

EIN 45-2353683 Public charity (501(c)(3)) Philadelphia, PA NTEE B25
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Revenue & expenses by yearFY2021–FY2024
Revenue
$7.9M
FY2024▼ -18%
Expenses
$5.9M
FY2024▲ +25%

Form 990 for the fiscal year ending June 2024 (IRS tax year 2023).


Educates students from an under-resourced neighborhood in a nurturing environment. For fiscal year 2024 it reported $7.9M in revenue, $5.9M in expenses, and $24.3M in net assets.Pt I

Founded
2010
Type
Public charity (501(c)(3)) · Education
Location
Philadelphia, PA
Website
www.stjamesphila.org
Filings
4 on file (2021–2024)
Revenue
$7.9MFY2024
Expenses
$5.9M
Net assets
$24.3M
People
16
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2024) →
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Figures match the IRS filing checked 8/16/26 · see original: IRS
Provided by the organization

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Size
$10–100M
What they do
Educates students from an under-resourced neighborhood in a nurturing environment.
Leadership
David M McDonough · Asst. Head of School/Principal · $176K
Money in and out
$7.9M revenue, $5.9M expenses
Bottom line
66% 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 10 funders, incl. Central Pennsylvania Scholarship Fund

$2.0M in the latest grant year. Details →

Spent on programs?

good 66% to programs

Form 990 Part IX, latest filing. Details →

Size and trend

$10–100M

↓ -18% vs prior year Details →

Where the money goes · FY2024
Total revenue
$7.9M
Pt VIII · Ln 12
Total expenses
$5.9M
Pt IX · Ln 25
Net assets
$24.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $2.1M
Where spending went · Part IX cols B–D
Program services $0.66 Management & general $0.18 Fundraising $0.16
Program efficiency
66%
of spending reaches programs
Operating runway
24.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
+26%
revenue over expenses, this year

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Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$24.5M
FY2024▲ +18%
Total liabilities
$222K
FY2024▲ +36%
Revenue less expensesPt I · Ln 19$2.1M
Total assetsPt X · Ln 16$24.5M
Program-expense ratioPt IX · col B66%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CSaint James School
EINHdr · item D45-2353683
Principal addressHdr · item CPhiladelphia, PA
WebsiteHdr · item Jwww.stjamesphila.org
Year of formationHdr · item L2010
State of legal domicileHdr · item MPA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B25)
Ruling yearIRS BMFAug 2011

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Asst. Head of School/Principal
$176,186Pt VII · Sec A
Head of School
$170,122Pt VII · Sec A
Director of Advancement
$134,095Pt VII · Sec A
Director of Institutional Operations and Strategic
$100,604Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

David M McDonough’s $180K as Asst. Head of School/Principal is at the 28th percentile of top reported officer pay among 3683 $10–100M 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 · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021
David M McDonough$179,572$176,186———
David J Kasievich$178,164$170,122———
David McDonough——$170,495$168,603$158,048
David Kasievich——$162,679$157,936$126,868
Angela K Mccole-Yun$151,375$134,095———
Meredith Waldron$120,313————
Kevin M Todd$115,044$100,604———
Angela Mccole-Yun——$109,117——

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 $3.9M of program spending, described in the organization's own filed words · FY2023.
01

The mission of ST. James school is to increase educational equity within the allegheny west neighborhood of north philadelphia. We use a whole-child, faith-based, highquality, tuition free approach that prepares students for lifelong success and strengthens the communities to which they belong.

$3.9Mprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$7.5M · 94%
Investment income$309K · 4%
Program service revenue$100K · 1%
Other revenue$74K · 1%
Contributions & grants94%$7.5M
Investment income4%$309K
Program service revenue1%$100K
Other revenue1%$74K
Total revenueLn 12$7.9M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.66 Management & general $0.18 Fundraising $0.16
Program services66%$3.9M
Management & general18%$1.1M
Fundraising16%$917K
Total functional expensesLn 25$5.9M

Balance Sheet

Part X · end of year
CashLn 1$5.3M
Total assetsLn 16$24.5M
Total liabilitiesLn 26$222K
Total net assetsLn 32$24.3M
Months of cash on handcomputed10.9

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $11.0M · Operating expenses (Pt IX) $5.9M · Less non-cash grants $478K · Cash operating expenses/yr $5.4M
24.4 months
Where the money goes
Program services
Program services $3.9M · Total expenses $5.9M
66%
Management & General
Management & general $1.1M · Total expenses $5.9M
18%
Fundraising
Fundraising $917K · Total expenses $5.9M
16%
Cost to raise $1
Fundraising expense (3-yr avg) $741K · Solicited contributions (3-yr avg) $7.7M
$0.10 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $7.5M · Total revenue $7.9M
94%
Government reliance
Government grants — · Total revenue $7.9M
—
Earned-income share
Program service revenue $100K · Total revenue $7.9M
1%
Investment reliance
Investment income $309K · Total revenue $7.9M
+4%
Program self-sufficiency
Program service revenue $100K · Total expenses $5.9M
2%
Growth & trend
Revenue growth (YoY)
This year $7.9M · Prior year $9.7M
-18%
Net-asset trend (YoY)
End of year $24.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $7.9M · Expenses $5.9M
+26%
Liabilities-to-Assets
Total liabilities — · Total assets $24.5M
—
Net-asset ratio
Net assets $24.3M · Total assets $24.5M
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $5.7M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $24.5M
23%
People & payroll
Highest Reported Total Compensation
Individual David M McDonough · Reported title ASST. HEAD OF SCHOOL/PRINCIPAL · Highest reported compensation $176K · Total expenses $5.9M
3%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $3.4M · Total expenses $5.9M
58%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 66%——
Overhead ratio 18%——
Fundraising cost ratio 12%——
Revenue growth -18%——
Investment management fee ratio 0.09%——
Legal fee ratio 0.6%——
Accounting fee ratio 0.3%——

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
See all 10 funders →
Grants paid · 5 grants · $1.2M · 2020–2024
Unitemized GrantFY2024$340,013
Unitemized GrantFY2023$307,745
Unitemized GrantFY2022$307,745
Unitemized GrantFY2021$112,531
Unitemized GrantFY2020$127,841

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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$7.9M revenue · viewing · ⤓ 990 PDF
FY2023$9.7M revenue · ⤓ 990 PDF
FY2022$7.2M revenue · ⤓ 990 PDF
FY2021$8.5M 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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