Civic Intelligence

Trinity Preschool Inc.

990 • Fiscal year 2021 • EIN 20-0495065

Jul 01, 2020 to Jun 30, 2021 • Filed on Nov 03, 2021

2060 6th Ave NLong Lake, MN 55356

(952) 476-2611

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

74th percentile

0.05x

Higher debt load relative to assets than 74% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

69th percentile

0.02x

Higher debt load relative to revenue than 69% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

67th percentile

22%

Higher net margin than 67% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

94th percentile

$57,550

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 18.6% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

87th percentile

84%

Faster asset growth than 87% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

72nd percentile

40%

Faster revenue growth than 72% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$131,850

Up $60,217 (+84%) from 2020

Net Assets

Up

$124,714

Up $68,381 (+121%) from 2020

Liabilities

Down

$7,136

Down $8,164 (-53%) from 2020

Revenue

Up

$309,970

Up $88,988 (+40%) from 2020

Expenses

Up

$241,589

Up $25,268 (+12%) from 2020

Net Income

Up

$68,381

Up $63,720 (+1367%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300K$200K$100K$0Assets 2011: $57,613Liabilities 2011: $0Net Assets 2011: $57,6132011Assets 2012: $70,819Liabilities 2012: $0Net Assets 2012: $70,8192012Assets 2013: $67,418Liabilities 2013: $0Net Assets 2013: $67,4182013Assets 2014: $70,836Liabilities 2014: $0Net Assets 2014: $70,8362014Assets 2015: $65,420Liabilities 2015: $0Net Assets 2015: $65,4202015Assets 2016: $63,397Liabilities 2016: $0Net Assets 2016: $63,3972016Assets 2017: $60,276Liabilities 2017: $0Net Assets 2017: $60,2762017Assets 2018: $54,376Liabilities 2018: $7,488Net Assets 2018: $46,8882018Assets 2019: $53,669Liabilities 2019: $1,997Net Assets 2019: $51,6722019Assets 2020: $71,633Liabilities 2020: $15,300Net Assets 2020: $56,3332020Assets 2021: $131,850Liabilities 2021: $7,136Net Assets 2021: $124,7142021Assets 2022: $196,784Liabilities 2022: $12,671Net Assets 2022: $184,1132022Assets 2023: $253,389Liabilities 2023: $13,057Net Assets 2023: $240,3322023Assets 2024: $204,036Liabilities 2024: $14,795Net Assets 2024: $189,2412024Assets 2025: $212,154Liabilities 2025: $16,105Net Assets 2025: $196,0492025

Highlighted filing

2021

Assets$131,850
Liabilities$7,136
Net Assets$124,714

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$200K$0-$200KRevenue 2011: $213,823Expenses 2011: $212,072Net Income 2011: $1,7512011Revenue 2012: $238,128Expenses 2012: $224,922Net Income 2012: $13,2062012Expenses 2013: $241,6342013Revenue 2014: $241,372Expenses 2014: $237,954Net Income 2014: $3,4182014Revenue 2015: $255,348Expenses 2015: $260,764Net Income 2015: -$5,4162015Revenue 2016: $261,131Expenses 2016: $263,154Net Income 2016: -$2,0232016Revenue 2017: $249,934Expenses 2017: $253,055Net Income 2017: -$3,1212017Revenue 2018: $219,248Expenses 2018: $232,636Net Income 2018: -$13,3882018Revenue 2019: $253,093Expenses 2019: $240,658Net Income 2019: $12,4352019Revenue 2020: $220,982Expenses 2020: $216,321Net Income 2020: $4,6612020Revenue 2021: $309,970Expenses 2021: $241,589Net Income 2021: $68,3812021Revenue 2022: $333,796Expenses 2022: $274,397Net Income 2022: $59,3992022Revenue 2023: $342,580Expenses 2023: $286,361Net Income 2023: $56,2192023Revenue 2024: $302,001Expenses 2024: $353,092Net Income 2024: -$51,0912024Revenue 2025: $324,730Expenses 2025: $317,922Net Income 2025: $6,8082025

Highlighted filing

2021

Revenue$309,970
Expenses$241,589
Net Income$68,381
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 3, 2021
Return Version
2020v4.1
Gross Receipts
$309,970
Mission and Program Overview

Mission

EDUCATION

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$56,333$124,714▲ $68,381
Savings and Temporary Cash Investments$57,649$102,681▲ $45,032
Cash and Non-Interest-Bearing Accounts$2,219$19,731▲ $17,512
Land, Buildings, and Equipment, Net$11,765$9,438▼ $2,327
Total Assets$71,633$131,850▲ $60,217
Liabilities
Grants Payable$10,300--
Accounts Payable and Accrued Expenses$5,000$7,136▲ $2,136
Total Liabilities$15,300$7,136▼ $8,164
Net Assets / Fund Balance
Total Net Assets Fund Balance$56,333$124,714▲ $68,381
Total Liabilities and Net Assets / Fund Balance$71,633$131,850▲ $60,217

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$9,202$22,772$31,974
Equipment$236$7,056$7,292
Other Land Buildings-$1,414$1,414
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Kelly GovrikExecutive DirectorFT$57,550$57,550

Board Members and Trustees

NameTitle
Amy LundellDirector
Ann FenlasonDirector
Pam BurnsDirector
Sarah PtacekDirector
Karen RandolphChariman
John SweeneyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$70,387
Program Service Revenue
$230,911
Investment Income
$32
Other Revenue
$8,640
All Other Contributions
$3,087
Change in Net Assets
$68,381
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$220,887
Other Expenses$19,543
Total Fundraising Expense$1,494
Grants and Similar Amounts Paid$1,159
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$151,901$4,708$314$156,923
Current Officers, Directors, Trustees, and Key Employees$51,104$5,755$691$57,550
Office Expenses$7,281$857$428$8,566
Other Employee Benefits$3,689--$3,689
Pension Plan Contributions$2,419$273$33$2,725
Insurance-$2,600-$2,600
Depreciation Depletion$2,327--$2,327
Grants to Domestic Individuals$1,159--$1,159
Other Expenses$568--$977
All Other Expenses$415$304-$719
Information Technology$470$55$28$553
Fees for Services Accounting-$261-$261
Advertising$66--$66
Total Functional Expenses$224,305$14,813$1,494$241,589
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$8,640
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line LINE 11B

Organizations process to review form 990 a copy of the tax return is available at the company office or in a password protected computer account for the board members to review if thy would like to before it is filed.

Form 990, Part VI, Line LINE 15A

Compensation process for top official the board members obtain comparable payroll statistics before setting the executive directors pay.

Form 990, Part VI, Line LINE 19

Governing documents disclosure explanation no documents available to the public.

Filing and Contact Details

Filer

Filer Name
Trinity Preschool Inc
EIN
20-0495065
Phone
9524762611
Address
2060 6TH AVE N, Long Lake, MN 55356

Signing Officer

Name
Kelly Govrik
Title
Executive Director
Signed
2021-11-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kelly Govrik
Formed
2003
Legal Domicile
Mn
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
25

Preparer

Firm
Charles Allen Ltd
Address
302 HAMEL ROAD, HAMEL, MN 55340
Preparer
Charles J Allen
Phone
7632530010
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line LINE 4A

First accomplishment preschool programs 59 children received preschool education at trinity preschool. Trinity preschool worked with a number of families in crisis. This includes families dealing with covid, with illness, with finiancial issues and divorce issues. Trinity preschool provides children of all economic levels and of all denominations a variety of opportunities to explore, grow, learn and create. Our intention is to develop a secure environment for children so that they may participate in activities which help them develop as individuals and relate happily with other children. We provide a perfect place to teach christian values and to set the stage for spiritual development using the show me approach. We allow no weapons real or imaginary. We feel that preschool is an important step into the total education of the child and is, many times, the first experience outside the intimate family group. We encourage imagination in both art and play. We employ experienced staff that are completely dedicated to the goals and values of trinity preschool. We offer 3 year old, 4/5 year old, pre-k and pre-k enrichment programs. We encourage parents to become involved in our school during parties and special events. This sets the stage for parent involvement in future schools. Many parents go on to be leaders in area school parent organizations. We promote healthy emotional development by allowing children to express feelings in different ways, not only in words but also in creative activities utilizing different materials. When state mandated all day kindergarten started, our kindergarten enrichment program ended. We started a pre k plus enrichment program to replace it. This program teaches the states in the united states, the us presidents and special art and science work.

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IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01414
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/TotalBookValueLandBuildingsAmt09438
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FIRST ACCOMPLISHMENT PRESCHOOL PROGRAMS 59 CHILDREN RECEIVED PRESCHOOL EDUCATION AT TRINITY PRESCHOOL. TRINITY PRESCHOOL WORKED WITH A NUMBER OF FAMILIES IN CRISIS. THIS INCLUDES FAMILIES DEALING WITH COVID, WITH ILLNESS, WITH FINIANCIAL ISSUES AND DIVORCE ISSUES. TRINITY PRESCHOOL PROVIDES CHILDREN OF ALL ECONOMIC LEVELS AND OF ALL DENOMINATIONS A VARIETY OF OPPORTUNITIES TO EXPLORE, GROW, LEARN AND CREATE. OUR INTENTION IS TO DEVELOP A SECURE ENVIRONMENT FOR CHILDREN SO THAT THEY MAY PARTICIPATE IN ACTIVITIES WHICH HELP THEM DEVELOP AS INDIVIDUALS AND RELATE HAPPILY WITH OTHER CHILDREN. WE PROVIDE A PERFECT PLACE TO TEACH CHRISTIAN VALUES AND TO SET THE STAGE FOR SPIRITUAL DEVELOPMENT USING THE SHOW ME APPROACH. WE ALLOW NO WEAPONS REAL OR IMAGINARY. WE FEEL THAT PRESCHOOL IS AN IMPORTANT STEP INTO THE TOTAL EDUCATION OF THE CHILD AND IS, MANY TIMES, THE FIRST EXPERIENCE OUTSIDE THE INTIMATE FAMILY GROUP. WE ENCOURAGE IMAGINATION IN BOTH ART AND PLAY. WE EMPLOY EXPERIENCED STAFF THAT ARE COMPLETELY DEDICATED TO THE GOALS AND VALUES OF TRINITY PRESCHOOL. WE OFFER 3 YEAR OLD, 4/5 YEAR OLD, PRE-K AND PRE-K ENRICHMENT PROGRAMS. WE ENCOURAGE PARENTS TO BECOME INVOLVED IN OUR SCHOOL DURING PARTIES AND SPECIAL EVENTS. THIS SETS THE STAGE FOR PARENT INVOLVEMENT IN FUTURE SCHOOLS. MANY PARENTS GO ON TO BE LEADERS IN AREA SCHOOL PARENT ORGANIZATIONS. WE PROMOTE HEALTHY EMOTIONAL DEVELOPMENT BY ALLOWING CHILDREN TO EXPRESS FEELINGS IN DIFFERENT WAYS, NOT ONLY IN WORDS BUT ALSO IN CREATIVE ACTIVITIES UTILIZING DIFFERENT MATERIALS. WHEN STATE MANDATED ALL DAY KINDERGARTEN STARTED, OUR KINDERGARTEN ENRICHMENT PROGRAM ENDED. WE STARTED A PRE K PLUS ENRICHMENT PROGRAM TO REPLACE IT. THIS PROGRAM TEACHES THE STATES IN THE UNITED STATES, THE US PRESIDENTS AND SPECIAL ART AND SCIENCE WORK.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ORGANIZATIONS PROCESS TO REVIEW FORM 990 A COPY OF THE TAX RETURN IS AVAILABLE AT THE COMPANY OFFICE OR IN A PASSWORD PROTECTED COMPUTER ACCOUNT FOR THE BOARD MEMBERS TO REVIEW IF THY WOULD LIKE TO BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION PROCESS FOR TOP OFFICIAL THE BOARD MEMBERS OBTAIN COMPARABLE PAYROLL STATISTICS BEFORE SETTING THE EXECUTIVE DIRECTORS PAY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS DISCLOSURE EXPLANATION NO DOCUMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line LINE 19
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IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalFunctionalExpensesGrp/FundraisingAmt01494
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt014813
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0224305
IRS990/TotalFunctionalExpensesGrp/TotalAmt0241589
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt015300
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IRS990/TotalLiabilitiesGrp/BOYAmt015300
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IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt056333
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0124714
IRS990/TotalProgramServiceRevenueAmt0230911
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0309970
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IRS990/TravelGrp/TotalAmt00
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02060 COUNTY ROAD 6
IRS990/USAddress/CityNm0ORONO
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055356
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IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0TRINITYLONGLAKE.ORG/TRINITY-PRESCHOOL
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KELLY GOVRIK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TRINITY PRESCHOOL INC
ReturnHeader/Filer/BusinessNameControlTxt0TRIN
ReturnHeader/Filer/EIN0200495065
ReturnHeader/Filer/PhoneNum09524762611
ReturnHeader/Filer/USAddress/AddressLine1Txt02060 6TH AVE N
ReturnHeader/Filer/USAddress/CityNm0Long Lake
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055356
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CHARLES ALLEN LTD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0302 HAMEL ROAD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HAMEL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055340
ReturnHeader/PreparerPersonGrp/PhoneNum07632530010
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHARLES J ALLEN
ReturnHeader/ReturnTs02021-11-15T08:36:58-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0KELLY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0GOVRICK
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.12$0.16$1.96$3.25$3.18$0.07
2024Detailed filing. Detailed filing data is available for this year.$2.04$0.15$1.89$3.02$3.53$0.51
2023Detailed filing. Detailed filing data is available for this year.$2.53$0.13$2.40$3.43$2.86$0.56
2022Detailed filing. Detailed filing data is available for this year.$1.97$0.13$1.84$3.34$2.74$0.59
2021Detailed filing. Detailed filing data is available for this year.$1.32$0.07$1.25$3.10$2.42$0.68
2020Detailed filing. Detailed filing data is available for this year.$0.72$0.15$0.56$2.21$2.16$0.05
2019Detailed filing. Detailed filing data is available for this year.$0.54$0.02$0.52$2.53$2.41$0.12
2018Detailed filing. Detailed filing data is available for this year.$0.54$0.07$0.47$2.19$2.33$0.13
2017Detailed filing. Detailed filing data is available for this year.$0.60$0.00$0.60$2.50$2.53$0.03
2016Detailed filing. Detailed filing data is available for this year.$0.63$0.00$0.63$2.61$2.63$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.65$0.00$0.65$2.55$2.61$0.05
2014Detailed filing. Detailed filing data is available for this year.$0.71$0.00$0.71$2.41$2.38$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.67$0.00$0.67$2.42
2012Summary only. Only limited summary data is available for this year.$0.71$0.00$0.71$2.38$2.25$0.13
2011Summary only. Only limited summary data is available for this year.$0.58$0.00$0.58$2.14$2.12$0.02