Civic Intelligence

Saint Basil Academy Trust

990 • Fiscal year 2023 • EIN 27-6582209

Jan 01, 2023 to Dec 31, 2023 • Filed on Jun 28, 2024

Organization ProfileN/A
PO Box 12765Roanoke, VA 24028

(540) 344-9246

Siviq Scores

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

Liabilities / Assets

8th percentile

0.00x

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

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

8th percentile

0.00x

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

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

13th percentile

-25%

Higher net margin than 13% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

25th percentile

$43,268

Higher top officer pay than 25% of similar nonprofits.

Top officer pay equals 11.7% of source-year revenue.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Asset Growth

32nd percentile

-0.1%

Faster asset growth than 32% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

8th percentile

-42%

Faster revenue growth than 8% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets8th percentile

Assets

Down

$7,921,031

Down $5,759 (-0.1%) from 2022

Net Assets

Down

$7,921,031

Down $5,759 (-0.1%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue8th percentileNet Margin13th percentile

Revenue

Down

$368,531

Down $272,251 (-42%) from 2022

Expenses

Up

$459,022

Up $112,682 (+33%) from 2022

Net Income

Down

-$90,491

Down $384,933 (-131%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth32nd percentile

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

$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

2023

Assets$7,921,031
Liabilities$0
Net Assets$7,921,031
Open 2023 Filing

Operations Trend

Revenue Growth8th percentile

Revenue, expenses, and net income across loaded years, with this 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

2023

Revenue$368,531
Expenses$459,022
Net Income-$90,491
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jun 28, 2024
Return Version
2023v5.1
Gross Receipts
$2,051,650
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$7,926,790$7,921,031▼ $5,759
Investments in Publicly Traded Securities$7,657,703$7,694,569▲ $36,866
Savings and Temporary Cash Investments$269,087$226,462▼ $42,625
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$7,926,790$7,921,031▼ $5,759
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$7,926,790$7,921,031▼ $5,759
Total Liabilities and Net Assets / Fund Balance$7,926,790$7,921,031▼ $5,759
Compensation and Service Providers
Top Officer Pay25th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Frank B HancockTrusteePT$43,268$43,268
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$368,531
Other Revenue
$0
Change in Net Assets
$-90,491
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$315,000
Other Expenses$100,754
Salaries, Compensation, and Employee Benefits$43,268
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$315,000--$315,000
Fees for Service Investment Mgmnt Fees-$88,525-$88,525
Current Officers, Directors, Trustees, and Key Employees$21,634$21,634-$43,268
Other Expenses-$917-$917
Total Functional Expenses$336,634$122,388$0$459,022
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Saint Basil AcademyGarrison, NY501(c)(3)General support$315,000
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
2024-06-28
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/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
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IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyCashBalancesGrp/CurrentYearAmt0247194
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyCashBalancesGrp/PriorYearAmt0238254
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyFMVOfSecGrp/CurrentYearAmt07518640
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyFMVOfSecGrp/PriorYearAmt07874857
IRS990ScheduleA/MinimumAssetAmountGrp/CashDeemedCharitableGrp/CurrentYearAmt0116488
IRS990ScheduleA/MinimumAssetAmountGrp/CashDeemedCharitableGrp/PriorYearAmt0121697
IRS990ScheduleA/MinimumAssetAmountGrp/DiscountClaimedAmt00
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IRS990ScheduleA/MinimumAssetAmountGrp/NetVlNonExemptUseAssetsGrp/CurrentYearAmt07649346
IRS990ScheduleA/MinimumAssetAmountGrp/NetVlNonExemptUseAssetsGrp/PriorYearAmt07991414
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IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0315000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0SAINT BASIL ACADEMY
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3NonFuncInd0X
IRS990ScheduleA/SupportSumAmt0315000
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt0315000
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
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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
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsGrp/EOYAmt07921031
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IRS990/TotalContributionsAmt00
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IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0122388
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0336634
IRS990/TotalFunctionalExpensesGrp/TotalAmt0459022
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IRS990/TotalOtherCompensationAmt043268
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IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0368531
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0368531
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07926790
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt07921031
IRS990/TravelGrp/TotalAmt00
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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/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0FRANK B HANCOCK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Trustee
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-06-28
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

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$7,921,031
Liabilities
$0
Net assets
$7,921,031
Revenue
$368,531
Expenses
$459,022
Net income
-$90,491
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$8.46$0.00$8.46$0.59$0.47$0.12
2023Detailed filing. Detailed filing data is available for this year.$7.92$0.00$7.92$0.37$0.46$0.09
2022Detailed filing. Detailed filing data is available for this year.$7.93$0.00$7.93$0.64$0.35$0.29
2021Detailed filing. Detailed filing data is available for this year.$8.34$0.00$8.34$0.70$0.39$0.31
2020Detailed filing. Detailed filing data is available for this year.$7.24$0.00$7.24$0.12$0.38$0.26
2019Detailed filing. Detailed filing data is available for this year.$7.77$0.00$7.77$1.87$0.36$1.50
2018Detailed filing. Detailed filing data is available for this year.$6.65$0.00$6.65$0.22$0.37$0.15
2017Detailed filing. Detailed filing data is available for this year.$7.26$0.00$7.26$1.42$0.32$1.10