Civic Intelligence

Saint Basil Academy Trust

EIN 27-6582209 • 501(c)3 • Roanoke, VA

Profile

THE PRINCIPAL PURPOSE OF THE SAINT BASIL ACADEMY TRUST IS TO MAKE DISTRIBUTIONS OF INCOME TO SAINT BASIL ACADEMY, AN ORTHODOX HOME SERVING CHILDREN IN NEED LOCATED AT 79 SAINT BASIL ROAD, GARRISON, NEW YORK 10524, FOR AN EXEMPT FUNCTION AS DEFINED IN SECTION 501(c)(3) OF THE INTERNAL REVENUE CODE.

PO Box 12765Roanoke, VA 24028

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

9th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

10th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

74th percentile

20%

Higher net margin than 74% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

45th percentile

3.3%

Faster asset growth than 45% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2024

Revenue Growth

28th percentile

-3.9%

Faster revenue growth than 28% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2024

Assets

Up

$8,459,258

Up $538,227 (+6.8%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$8,459,258

Up $538,227 (+6.8%) from 2023

Revenue

Up

$592,102

Up $223,571 (+61%) from 2023

Expenses

Up

$472,766

Up $13,744 (+3.0%) from 2023

Net Income

Up

$119,336

Up $209,827 (+232%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10M$5.0M$0Assets 2017: $7,256,797Liabilities 2017: $0Net Assets 2017: $7,256,7972017Assets 2018: $6,654,605Liabilities 2018: $0Net Assets 2018: $6,654,6052018Assets 2019: $7,773,981Liabilities 2019: $0Net Assets 2019: $7,773,9812019Assets 2020: $7,238,903Liabilities 2020: $0Net Assets 2020: $7,238,9032020Assets 2021: $8,344,796Liabilities 2021: $0Net Assets 2021: $8,344,7962021Assets 2022: $7,926,790Liabilities 2022: $0Net Assets 2022: $7,926,7902022Assets 2023: $7,921,031Liabilities 2023: $0Net Assets 2023: $7,921,0312023Assets 2024: $8,459,258Liabilities 2024: $0Net Assets 2024: $8,459,2582024

Highlighted filing

2024

Assets$8,459,258
Liabilities$0
Net Assets$8,459,258

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.0M$0-$1.0MRevenue 2017: $1,416,140Expenses 2017: $315,850Net Income 2017: $1,100,2902017Revenue 2018: $218,351Expenses 2018: $366,243Net Income 2018: -$147,8922018Revenue 2019: $1,867,039Expenses 2019: $363,522Net Income 2019: $1,503,5172019Revenue 2020: $123,007Expenses 2020: $378,190Net Income 2020: -$255,1832020Revenue 2021: $701,461Expenses 2021: $386,640Net Income 2021: $314,8212021Revenue 2022: $640,782Expenses 2022: $346,340Net Income 2022: $294,4422022Revenue 2023: $368,531Expenses 2023: $459,022Net Income 2023: -$90,4912023Revenue 2024: $592,102Expenses 2024: $472,766Net Income 2024: $119,3362024

Highlighted filing

2024

Revenue$592,102
Expenses$472,766
Net Income$119,336

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 13, 2025
Return Version
2024v5.1
Gross Receipts
$2,471,044
Mission and Program Overview

Mission

THE PRINCIPAL PURPOSE OF THE SAINT BASIL ACADEMY TRUST IS TO MAKE DISTRIBUTIONS OF INCOME TO SAINT BASIL ACADEMY, AN ORTHODOX HOME SERVING CHILDREN IN NEED LOCATED AT 79 SAINT BASIL ROAD, GARRISON, NEW YORK 10524, FOR AN EXEMPT FUNCTION AS DEFINED IN SECTION 501(c)(3) OF THE INTERNAL REVENUE CODE.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$7,921,031$8,459,258▲ $538,227
Investments in Publicly Traded Securities$7,694,569$8,169,724▲ $475,155
Savings and Temporary Cash Investments$226,462$289,534▲ $63,072
Cash and Non-Interest-Bearing Accounts-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$7,921,031$8,459,258▲ $538,227
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$7,921,031$8,459,258▲ $538,227
Total Liabilities and Net Assets / Fund Balance$7,921,031$8,459,258▲ $538,227
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Frank B HancockTrusteePT$43,752$43,752
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$592,102
Other Revenue
$0
Change in Net Assets
$119,336
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$320,000
Other Expenses$109,014
Salaries, Compensation, and Employee Benefits$43,752
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$320,000--$320,000
Fees for Service Investment Mgmnt Fees-$95,700-$95,700
Current Officers, Directors, Trustees, and Key Employees$21,876$21,876-$43,752
Other Expenses-$2-$2
Total Functional Expenses$341,876$130,890$0$472,766
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Saint Basil AcademyGarrison, NY501(c)(3)General support$320,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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
No
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, Section B, Line 11B

The form 990 will be reviewed by the trustee prior to filing.

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Saint Basil Academy Trust
EIN
27-6582209
Phone
5403449246
Address
PO BOX 12765, ROANOKE, VA 24028

Signing Officer

Name
Frank B Hancock
Title
Trustee
Signed
2025-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Frank B Hancock
Legal Domicile
Va
Voting Board Members
1
Independent Board Members
1
Employees
0

Preparer

Firm
Foti Flynn Lowen & Co PC
Address
PO Box 12765, Roanoke, VA 24028
Preparer
David P Booth CPA
Phone
5403449246
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IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd0false
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd0true
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd0true
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE TRUSTEE MAINTAINED A WORKING RELATIONSHIP WITH THE SUPPORTED ORGANIZATION BY:- HOLDING TELEPHONIC OR VIDEOCONFERENCING MEETINGS, AT LEAST QUARTERLY, WITH THE FOLLOWING OFFICERS OF THE SUPPORTED CHARITY: THE EXECUTIVE DIRECTOR, THE PRESIDENT OF THE BOARD OF TRUSTEES, AND THE ASSISTANT TREASURER. DURING THESE MEETINGS, THE TRUSTEE AND THE SUPPORTED CHARITY'S REPRESENTATIVES DISCUSSED THE PROJECTED NEEDS OF THE SUPPORTED CHARITY AND WAYS IN WHICH THE SUPPORTED CHARITY WOULD LIKE THE TRUSTEE TO USE THE INCOME OF THE SUPPORTING TRUST AND INVEST ITS ASSETS.- COMMUNICATED REGULARLY WITH THE SAME OFFICERS OF THE SUPPORTED CHARITY IDENTIFIED ABOVE REGARDING THE INVESTMENTS OF THE SUPPORTING TRUST AND PLANS FOR DISTRIBUTIONS.- PROVIDED THE EXECUTIVE DIRECTOR OF THE SUPPORTED CHARITY WITH MONTHLY INVESTMENTS STATEMENTS OF ALL OF THE SUPPORTING TRUST'S ACCOUNTS AND AN ANNUAL ACCOUNTING STATEMENT FOR ALL OF THE SUPPORTING TRUST'S ACCOUNTS.- HIRED AND CONTINUE TO EMPLOY THE INVESTMENT ADVISORS THAT ARE RECOMMENDED BY THE SUPPORTED CHARITY TO SERVE AS REGISTERED INVESTMENT ADVISORS AND BROKER DEALERS TO ASSIST THE TRUSTEE IN RENDERING SERVICES AS THE INVESTMENT ADVISOR TO THE TRUSTEE WITH RESPECT TO MARKETABLE ASSETS HELD BY THE TRUSTEE.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1SEE ABOVE
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Part IV, Section D, Line 2: Organizaiton Maintained A Relationship with Supported Orgs.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1Part IV, Section D, Line 3: Role The Organization's Supported Orgs. Played
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/MinimumAssetAmountGrp/AcquisitionIndebtednessGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/AdjustedFMVLessIndebtednessGrp/CurrentYearAmt08383442
IRS990ScheduleA/MinimumAssetAmountGrp/AdjustedFMVLessIndebtednessGrp/PriorYearAmt07765834
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyCashBalancesGrp/CurrentYearAmt0250559
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyCashBalancesGrp/PriorYearAmt0247194
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyFMVOfSecGrp/CurrentYearAmt08132883
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyFMVOfSecGrp/PriorYearAmt07518640
IRS990ScheduleA/MinimumAssetAmountGrp/CashDeemedCharitableGrp/CurrentYearAmt0125752
IRS990ScheduleA/MinimumAssetAmountGrp/CashDeemedCharitableGrp/PriorYearAmt0116488
IRS990ScheduleA/MinimumAssetAmountGrp/DiscountClaimedAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/FMVOtherNonExemptUseAssetGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/NetVlNonExemptUseAssetsGrp/CurrentYearAmt08257690
IRS990ScheduleA/MinimumAssetAmountGrp/NetVlNonExemptUseAssetsGrp/PriorYearAmt07649346
IRS990ScheduleA/MinimumAssetAmountGrp/PctOfNetVlNonExemptUseAstGrp/CurrentYearAmt0289019
IRS990ScheduleA/MinimumAssetAmountGrp/PctOfNetVlNonExemptUseAstGrp/PriorYearAmt0267727
IRS990ScheduleA/MinimumAssetAmountGrp/RecoveriesPYDistriMinAssetGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/TotalFMVOfNonExemptUseAssetGrp/CurrentYearAmt08383442
IRS990ScheduleA/MinimumAssetAmountGrp/TotalFMVOfNonExemptUseAssetGrp/PriorYearAmt07765834
IRS990ScheduleA/MinimumAssetAmountGrp/TotalMinimumAssetGrp/CurrentYearAmt0289019
IRS990ScheduleA/MinimumAssetAmountGrp/TotalMinimumAssetGrp/PriorYearAmt0267727
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0131671150
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0320000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0SAINT BASIL ACADEMY
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3NonFuncInd0X
IRS990ScheduleA/SupportSumAmt0320000
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt0320000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0General support
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0SAINT BASIL ACADEMY
IRS990ScheduleI/RecipientTable/RecipientEIN0131671150
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt079 SAINT BASIL ROAD
IRS990ScheduleI/RecipientTable/USAddress/CityNm0GARRISON
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NY
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd010524
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 WILL BE REVIEWED BY THE TRUSTEE PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt07921031
IRS990/TotalAssetsEOYAmt08459258
IRS990/TotalAssetsGrp/BOYAmt07921031
IRS990/TotalAssetsGrp/EOYAmt08459258
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0130890
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0341876
IRS990/TotalFunctionalExpensesGrp/TotalAmt0472766
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt07921031
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt08459258
IRS990/TotalOtherCompensationAmt043752
IRS990/TotalProgramServiceExpensesAmt0341876
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0592102
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0592102
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07921031
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt08459258
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 12765
IRS990/USAddress/CityNm0ROANOKE
IRS990/USAddress/StateAbbreviationCd0VA
IRS990/USAddress/ZIPCd024028
IRS990/VotingMembersGoverningBodyCnt01
IRS990/VotingMembersIndependentCnt01
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0FRANK B HANCOCK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Trustee
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SAINT BASIL ACADEMY TRUST
ReturnHeader/Filer/BusinessNameControlTxt0SAIN
ReturnHeader/Filer/EIN0276582209
ReturnHeader/Filer/PhoneNum05403449246
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 12765
ReturnHeader/Filer/USAddress/CityNm0ROANOKE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd024028
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0208087076
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Foti Flynn Lowen & Co PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO Box 12765
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Roanoke
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA

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