Civic Intelligence

Trinity Oaks Christian Academy

990 • Fiscal year 2021 • EIN 36-3708857

Jul 01, 2020 to Jun 30, 2021 • Filed on May 16, 2022

233 Trinity Oaks WayCary, IL 60013

(847) 462-5971

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.85x

Higher debt load relative to assets than 92% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

84th percentile

0.71x

Higher debt load relative to revenue than 84% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

63rd percentile

21%

Higher net margin than 63% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

76th percentile

$115,000

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 5.3% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

85th percentile

48%

Faster asset growth than 85% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

54th percentile

16%

Faster revenue growth than 54% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$1,807,607

Up $582,967 (+48%) from 2020

Net Assets

Up

$277,389

Up $297,463 (+1482%) from 2020

Liabilities

Up

$1,530,218

Up $285,504 (+23%) from 2020

Revenue

Up

$2,153,430

Up $298,058 (+16%) from 2020

Expenses

Up

$1,711,791

Up $61,183 (+3.7%) from 2020

Net Income

Up

$441,639

Up $236,875 (+116%) from 2020

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2012: $876,211Liabilities 2012: $641,889Net Assets 2012: $234,3222012Assets 2013: $192,970Liabilities 2013: $306,656Net Assets 2013: -$113,6862013Assets 2014: $169,062Liabilities 2014: $342,050Net Assets 2014: -$172,9882014Assets 2015: $139,441Liabilities 2015: $308,635Net Assets 2015: -$169,1942015Assets 2018: $967,542Liabilities 2018: $1,243,243Net Assets 2018: -$275,7012018Assets 2020: $1,224,640Liabilities 2020: $1,244,714Net Assets 2020: -$20,0742020Assets 2021: $1,807,607Liabilities 2021: $1,530,218Net Assets 2021: $277,3892021Assets 2022: $2,263,009Liabilities 2022: $1,794,132Net Assets 2022: $468,8772022Assets 2023: $5,809,095Liabilities 2023: $4,204,738Net Assets 2023: $1,604,3572023Assets 2024: $3,944,388Liabilities 2024: $1,948,176Net Assets 2024: $1,996,2122024Assets 2025: $3,794,221Liabilities 2025: $1,819,111Net Assets 2025: $1,975,1102025

Highlighted filing

2021

Assets$1,807,607
Liabilities$1,530,218
Net Assets$277,389

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2012: $1,501,8132012Expenses 2013: $1,516,7682013Revenue 2014: $1,384,929Expenses 2014: $1,448,355Net Income 2014: -$63,4262014Revenue 2015: $1,538,572Expenses 2015: $1,490,777Net Income 2015: $47,7952015Revenue 2018: $1,595,354Expenses 2018: $1,602,916Net Income 2018: -$7,5622018Revenue 2020: $1,855,372Expenses 2020: $1,650,608Net Income 2020: $204,7642020Revenue 2021: $2,153,430Expenses 2021: $1,711,791Net Income 2021: $441,6392021Revenue 2022: $2,434,340Expenses 2022: $2,076,889Net Income 2022: $357,4512022Revenue 2023: $3,567,120Expenses 2023: $2,732,568Net Income 2023: $834,5522023Revenue 2024: $3,089,909Expenses 2024: $2,696,374Net Income 2024: $393,5352024Revenue 2025: $2,770,475Expenses 2025: $2,791,577Net Income 2025: -$21,1022025

Highlighted filing

2021

Revenue$2,153,430
Expenses$1,711,791
Net Income$441,639
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 16, 2022
Return Version
2020v4.2
Gross Receipts
$2,173,811
Mission and Program Overview

Mission

Trinity oaks christian academy partners with the christian home and church in the training of children maximizing their potential to lead christian lives according to biblical standards.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$858,227$1,302,174▲ $443,947
Cash and Non-Interest-Bearing Accounts$335,284$480,390▲ $145,106
Land, Buildings, and Equipment, Net$11,091$6,655▼ $4,436
Prepaid Expenses and Deferred Charges$7,038$5,388▼ $1,650
Total Assets$1,224,640$1,807,607▲ $582,967
Other Assets Total$13,000$13,000→ $0
Liabilities
Deferred Revenue$921,443$1,376,839▲ $455,396
Other Liabilities$175,901$122,111▼ $53,790
Accounts Payable and Accrued Expenses$147,370$31,268▼ $116,102
Total Liabilities$1,244,714$1,530,218▲ $285,504
Net Assets / Fund Balance
Net Assets With Donor Restrictions$175,264$320,492▲ $145,228
Net Assets Without Donor Restrictions$-195,338$-43,103▲ $152,235
Total Net Assets Fund Balance$-20,074$277,389▲ $297,463
Total Liabilities and Net Assets / Fund Balance$1,224,640$1,807,607▲ $582,967

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,655$54,502$61,157
Equipment$0$56,447$56,447
Other Land Buildings$0$28,548$28,548
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Paul WrobbelHead of SchoolFT$115,000$115,000

Board Members and Trustees

NameTitle
Bill WalkiewiczChair/president
Tim BarakVice Chairman
Ben KlimekTrustee
David PetrovichTrustee
Meredith ThomasTrustee
Prudence RoweTrustee
Scott GastTrustee
Tim FraserTrustee
Tony EbelTrustee
Shelly MccarthySecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$781,629
Program Service Revenue
$1,232,309
Investment Income
$11,262
Other Revenue
$128,230
All Other Contributions
$630,829
Change in Net Assets
$441,639
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,054,395
Other Expenses$657,396
Total Fundraising Expense$28,951
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$762,865$116,674$17,950$897,489
Occupancy$131,791$64,912-$196,703
Other Employee Benefits$78,058$11,938$1,837$91,833
Other Expenses$50,513$24,880$2,396$75,393
Payroll Taxes$55,313$8,459$1,301$65,073
Office Expenses$35,330$8,832-$44,162
Fees for Services Other-$23,545-$23,545
Advertising$16,402-$5,467$21,869
All Other Expenses$11,586--$11,586
Fees for Services Accounting-$9,688-$9,688
Depreciation Depletion-$4,436-$4,436
Fees for Services Legal-$4,029-$4,029
Total Functional Expenses$1,310,429$372,411$28,951$1,711,791
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$148,611
Fundraising Direct Expenses$20,381
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
Note Payable$122,111
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Conflict-of-interest policy
Yes
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 990 is reviewed by the treasurer and the bookkeeper of the organization before it is sent to the irs.

Form 990, Part VI, Section B, line 12C

The board annually reads and reviews the conflict of interest policy. Each trustee then signs a statement of compliance with the conflict of interest policy.

Form 990, Part VI, Section B, line 15

The process for determining compensation is for the board of directors to gather information from other school districts and private schools and apply the pay structure to trinity oaks accordingly.

Form 990, Part VI, Section C, line 19

Reports are available at the administrative office of the organization by appointment.

Filing and Contact Details

Filer

Filer Name
Trinity Oaks Christian Academy
EIN
36-3708857
Phone
8474625971
Address
233 TRINITY OAKS WAY, CARY, IL 60013

Signing Officer

Name
Bill Walkiewicz
Title
Chairman/president
Phone
8474625971
Signed
2022-05-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bill Walkiewicz
Formed
1990
Legal Domicile
Il
Voting Board Members
12
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Jl Accounting Inc
Address
2525 HARDING LANE, WOODSTOCK, IL 60098
Preparer
John R Louise
Phone
8153381040
Supplemental Narrative

Financial Statement Notes

Part X, Line 2:

The organization has adopted the provisions of asc topic 740, income taxes, relating to the accounting for uncertainty in income taxes. The organization files income tax returns in the us federal jurisidiction and the state of illinois. With few exceptions, the organization is no longer subject to us federal, state, and local tax examinations by tax authorities for years before 2016.

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IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt07038
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05388
IRS990/PrincipalOfficerNm0BILL WALKIEWICZ
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/Desc1MISCELLANEOUS PROGRAMS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01193766
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt138543
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01193766
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt138543
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0407325
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0859
IRS990/PYOtherExpensesAmt0588563
IRS990/PYOtherRevenueAmt0115134
IRS990/PYProgramServiceRevenueAmt01332054
IRS990/PYRevenuesLessExpensesAmt0204764
IRS990/PYSalariesCompEmpBnftPaidAmt01062045
IRS990/PYTotalExpensesAmt01650608
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01855372
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0441639
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01232309
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt06655
IRS990ScheduleD/BuildingsGrp/DepreciationAmt054502
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt061157
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt056447
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt056447
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt028548
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt028548
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0122111
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NOTE PAYABLE
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS ADOPTED THE PROVISIONS OF ASC TOPIC 740, INCOME TAXES, RELATING TO THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE ORGANIZATION FILES INCOME TAX RETURNS IN THE US FEDERAL JURISIDICTION AND THE STATE OF ILLINOIS. WITH FEW EXCEPTIONS, THE ORGANIZATION IS NO LONGER SUBJECT TO US FEDERAL, STATE, AND LOCAL TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2016.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06655
IRS990ScheduleD/TotalLiabilityAmt0122111
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/ExplanationTxt0POLICY OF NONDISCRIMINATION IS CLEARLY PRINTED ON ALL SOLICITATION AND REGISTRATION FORMS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS REVIEWED BY THE TREASURER AND THE BOOKKEEPER OF THE ORGANIZATION BEFORE IT IS SENT TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD ANNUALLY READS AND REVIEWS THE CONFLICT OF INTEREST POLICY. EACH TRUSTEE THEN SIGNS A STATEMENT OF COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PROCESS FOR DETERMINING COMPENSATION IS FOR THE BOARD OF DIRECTORS TO GATHER INFORMATION FROM OTHER SCHOOL DISTRICTS AND PRIVATE SCHOOLS AND APPLY THE PAY STRUCTURE TO TRINITY OAKS ACCORDINGLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3REPORTS ARE AVAILABLE AT THE ADMINISTRATIVE OFFICE OF THE ORGANIZATION BY APPOINTMENT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01224640
IRS990/TotalAssetsEOYAmt01807607
IRS990/TotalAssetsGrp/BOYAmt01224640
IRS990/TotalAssetsGrp/EOYAmt01807607
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0781629
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt028951
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0372411
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01310429
IRS990/TotalFunctionalExpensesGrp/TotalAmt01711791
IRS990/TotalGrossUBIAmt011262
IRS990/TotalLiabilitiesBOYAmt01244714
IRS990/TotalLiabilitiesEOYAmt01530218
IRS990/TotalLiabilitiesGrp/BOYAmt01244714
IRS990/TotalLiabilitiesGrp/EOYAmt01530218
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-20074
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0277389
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01310429
IRS990/TotalProgramServiceRevenueAmt01232309
IRS990/TotalReportableCompFromOrgAmt0115000
IRS990/TotalRevenueGrp/ExclusionAmt0128230
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01232309
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02153430
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt011262
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01224640
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01807607
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0233 TRINITY OAKS WAY
IRS990/USAddress/CityNm0CARY
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060013
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0TRINITY-OAKS.ORG

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