Civic Intelligence

Truth Academy Inc.

990EZ • Fiscal year 2023 • EIN 26-4060943

Jul 01, 2022 to Jun 30, 2023 • Filed on Apr 29, 2024

Organization ProfileWWW.TRUTHACADEMYSPRINGFIELD.COM
525 S AvenueSpringfield, MO 65806

(417) 839-8492

Siviq Scores

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

Liabilities / Assets

78th percentile

0.08x

Higher debt load relative to assets than 78% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

69th percentile

0.01x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

55th percentile

5.9%

Higher net margin than 55% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

87th percentile

57%

Faster asset growth than 87% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

56th percentile

10%

Faster revenue growth than 56% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets78th percentile

Assets

Up

$26,018

Up $9,437 (+57%) from 2022

Net Assets

Up

$23,993

Up $9,253 (+63%) from 2022

Liabilities

Up

$2,025

Up $184 (+10.0%) from 2022

Revenue And Expenses
Liabilities / Revenue69th percentileNet Margin55th percentile

Revenue

Up

$156,484

Up $14,419 (+10%) from 2022

Expenses

Down

$147,231

Down $19,121 (-11%) from 2022

Net Income

Up

$9,253

Up $33,540 (+138%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth87th percentile

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

$80K$60K$40K$20K$0Assets 2013: $11,255Liabilities 2013: $1,621Net Assets 2013: $9,6342013Assets 2014: $27,054Liabilities 2014: $9,810Net Assets 2014: $17,2442014Assets 2016: $40,268Liabilities 2016: $7,399Net Assets 2016: $32,8692016Assets 2017: $45,484Liabilities 2017: $11,878Net Assets 2017: $33,6062017Assets 2018: $59,818Liabilities 2018: $7,511Net Assets 2018: $52,3072018Assets 2019: $76,485Liabilities 2019: $7,741Net Assets 2019: $68,7442019Assets 2021: $47,269Liabilities 2021: $8,242Net Assets 2021: $39,0272021Assets 2022: $16,581Liabilities 2022: $1,841Net Assets 2022: $14,7402022Assets 2023: $26,018Liabilities 2023: $2,025Net Assets 2023: $23,9932023

Highlighted filing

2023

Assets$26,018
Liabilities$2,025
Net Assets$23,993
Open 2023 Filing

Operations Trend

Revenue Growth56th percentile

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

$200K$100K$0-$100KRevenue 2013: $96,879Expenses 2013: $93,222Net Income 2013: $3,6572013Revenue 2014: $99,961Expenses 2014: $92,351Net Income 2014: $7,6102014Revenue 2016: $111,904Expenses 2016: $124,534Net Income 2016: -$12,6302016Revenue 2017: $132,357Expenses 2017: $131,620Net Income 2017: $7372017Revenue 2018: $155,720Expenses 2018: $137,019Net Income 2018: $18,7012018Revenue 2019: $144,398Expenses 2019: $127,961Net Income 2019: $16,4372019Revenue 2021: $106,676Expenses 2021: $149,656Net Income 2021: -$42,9802021Revenue 2022: $142,065Expenses 2022: $166,352Net Income 2022: -$24,2872022Revenue 2023: $156,484Expenses 2023: $147,231Net Income 2023: $9,2532023

Highlighted filing

2023

Revenue$156,484
Expenses$147,231
Net Income$9,253
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Apr 29, 2024
Return Version
2022v5.0
Gross Receipts
$156,484
Mission and Program Overview

Mission

EDUCATION

Program Services

DescriptionGrantsExpenses
PROVIDE A TWO-DAY PER WEEK SCHOOL TO MEET THE EDUCATIONAL NEEDS OF CHILDREN WHOS PARENTS PREFER HOME SCHOOL. TEACHERS PROVIDE CURRICULUM AND LESSON PLANS, ADMINISTER TESTS, AND TEACH FORMAL CLASSES TWICE A WEEK. 70 STUDENTS GRADES KINDERGARTEN THROUGH 12 WERE SERVED.$0$0
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
CARLA GROVESAdministrator/TreasurerPT$0--
GREGORY GROVESPresident-$0--
LAURA JOHNSONSecretary-$0--
Filing and Contact Details

Filer

Filer Name
Truth Academy Inc
EIN
26-4060943
Phone
4178398492
Address
525 S AVENUE, SPRINGFIELD, MO 65806

Signing Officer

Name
Carla Groves
Title
Treasurer
Phone
4178398492
Signed
2024-04-29
Discuss with paid preparer
Yes

Preparer

Firm
The Whitlock Company Llp
Address
3271 E BATTLEFIELD SUITE 300, SPRINGFIELD, MO 65804
Preparer
Jennifer Cochran
Phone
4178810145
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: payroll taxes. Amount: 10,338. Description: depreciation. Amount: 850. Description: contract services. Amount: 132. Description: bank charges. Amount: 66. Total to form 990-ez, line 16: 11,386.”

Form 990-ez, Part II, Line 24 - Other Assets

“Description: prepaid wages. Beg. Of year amount: 0. End of year amount: 10,012. Description: other depreciable assets. Beg. Of year amount: 7,996. End of year amount: 7,147.”

Form 990-ez, Part II, Line 26 - Other Liabilities

“Description: payroll liabilities. Beg. Of year amount: 1,841. End of year amount: 2,025.”

Raw XML Appendix148 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd00
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0TRUTH ACADEMY INC
IRS990EZ/BooksInCareOfDetail/PhoneNum04178398492
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt03110 W SUNSHINE
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0SPRINGFIELD
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MO
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd065807
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt08585
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt08859
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/ContributionsGiftsGrantsEtcAmt015741
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/EngagedInExcessBenefitTransInd00
IRS990EZ/ExcessOrDeficitForYearAmt09253
IRS990EZ/FiledScheduleAInd01
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
IRS990EZ/Form990TotalAssetsGrp/BOYAmt016581
IRS990EZ/Form990TotalAssetsGrp/EOYAmt026018
IRS990EZ/GrossReceiptsAmt0156484
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
IRS990EZ/LobbyingActivitiesInd00
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt014740
IRS990EZ/NetAssetsOrFundBalancesEOYAmt023993
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt014740
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt023993
IRS990EZ/OccupancyRentUtltsAndMaintAmt08548
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt020.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt12.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0CARLA GROVES
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1GREGORY GROVES
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2LAURA JOHNSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0ADMINISTRATOR/TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECRETARY
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt07996
IRS990EZ/OtherAssetsTotalDetail/EOYAmt017159
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt011386
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0EDUCATION
IRS990EZ/ProgramServiceRevenueAmt0140743
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0PROVIDE A TWO-DAY PER WEEK SCHOOL TO MEET THE EDUCATIONAL NEEDS OF CHILDREN WHOS PARENTS PREFER HOME SCHOOL. TEACHERS PROVIDE CURRICULUM AND LESSON PLANS, ADMINISTER TESTS, AND TEACH FORMAL CLASSES TWICE A WEEK. 70 STUDENTS GRADES KINDERGARTEN THROUGH 12 WERE SERVED.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SalariesOtherCompEmplBnftAmt0127297
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd01
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt01841
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt02025
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt0147231
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt0156484
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationTrustInd0X
IRS990EZ/WebsiteAddressTxt0WWW.TRUTHACADEMYSPRINGFIELD.COM
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0NONDISCRIMINATION POLICY IS INCLUDED ON WEBSITE AND ON ALL PRINTED PROMOTIONAL MATERIAL.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: PAYROLL TAXES. AMOUNT: 10,338. DESCRIPTION: DEPRECIATION. AMOUNT: 850. DESCRIPTION: CONTRACT SERVICES. AMOUNT: 132. DESCRIPTION: BANK CHARGES. AMOUNT: 66. TOTAL TO FORM 990-EZ, LINE 16: 11,386.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: PREPAID WAGES. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 10,012. DESCRIPTION: OTHER DEPRECIABLE ASSETS. BEG. OF YEAR AMOUNT: 7,996. END OF YEAR AMOUNT: 7,147.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: PAYROLL LIABILITIES. BEG. OF YEAR AMOUNT: 1,841. END OF YEAR AMOUNT: 2,025.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CARLA GROVES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum04178398492
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-04-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TRUTH ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0TRUT
ReturnHeader/Filer/EIN0264060943
ReturnHeader/Filer/PhoneNum04178398492
ReturnHeader/Filer/USAddress/AddressLine1Txt0525 S AVENUE
ReturnHeader/Filer/USAddress/CityNm0SPRINGFIELD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MO
ReturnHeader/Filer/USAddress/ZIPCd065806
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0431365401
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0THE WHITLOCK COMPANY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03271 E BATTLEFIELD SUITE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SPRINGFIELD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd065804
ReturnHeader/PreparerPersonGrp/PhoneNum04178810145
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JENNIFER COCHRAN
ReturnHeader/ReturnTs02024-04-30T08:50:03-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CARLA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0GROVES
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$26,018
Liabilities
$2,025
Net assets
$23,993
Revenue
$156,484
Expenses
$147,231
Net income
$9,253
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.26$0.02$0.24$1.56$1.47$0.09
2022Detailed filing. Detailed filing data is available for this year.$0.17$0.02$0.15$1.42$1.66$0.24
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.47$0.08$0.39$1.07$1.50$0.43
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.76$0.08$0.69$1.44$1.28$0.16
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.60$0.08$0.52$1.56$1.37$0.19
2017Detailed filing. Detailed filing data is available for this year.$0.45$0.12$0.34$1.32$1.32$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.40$0.07$0.33$1.12$1.25$0.13
2014Detailed filing. Detailed filing data is available for this year.$0.27$0.10$0.17$1.00$0.92$0.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.11$0.02$0.10$0.97$0.93$0.04