Civic Intelligence

Portico Education Foundation

990 • Fiscal year 2020 • EIN 46-4479609

Sep 01, 2019 to Aug 31, 2020 • Filed on Jan 26, 2021

Organization ProfileWWW.TRIVIUMACADEMYTX.COM
2205 E Hebron ParkwayCarrollton, TX 75010-4442

(469) 854-9007

Siviq Scores

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

Liabilities / Assets

39th percentile

0.08x

Higher debt load relative to assets than 39% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

18th percentile

0.04x

Higher debt load relative to revenue than 18% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

35th percentile

-0.3%

Higher net margin than 35% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

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

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

8th percentile

-8.6%

Faster asset growth than 8% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

31st percentile

-8.0%

Faster revenue growth than 31% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets39th percentile

Assets

Down

$2,167,382

Down $203,804 (-8.6%) from 2019

Net Assets

Down

$1,983,411

Down $16,293 (-0.8%) from 2019

Liabilities

Down

$183,971

Down $187,511 (-50%) from 2019

Revenue And Expenses
Liabilities / Revenue18th percentileNet Margin35th percentile

Revenue

Down

$5,002,682

Down $435,822 (-8.0%) from 2019

Expenses

Up

$5,018,975

Up $390,629 (+8.4%) from 2019

Net Income

Down

-$16,293

Down $826,451 (-102%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth8th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2017: $933,966Liabilities 2017: $122,136Net Assets 2017: $811,8302017Assets 2018: $1,558,630Liabilities 2018: $369,084Net Assets 2018: $1,189,5462018Assets 2019: $2,371,186Liabilities 2019: $371,482Net Assets 2019: $1,999,7042019Assets 2020: $2,167,382Liabilities 2020: $183,971Net Assets 2020: $1,983,4112020Assets 2021: $2,396,287Liabilities 2021: $411,973Net Assets 2021: $1,984,3142021Assets 2022: $2,605,593Liabilities 2022: $652,555Net Assets 2022: $1,953,0382022Assets 2023: $3,862,387Liabilities 2023: $2,098,833Net Assets 2023: $1,763,5542023Assets 2024: $3,007,868Liabilities 2024: $1,082,077Net Assets 2024: $1,925,7912024

Highlighted filing

2020

Assets$2,167,382
Liabilities$183,971
Net Assets$1,983,411
Open 2020 Filing

Operations Trend

Revenue Growth31st percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2017: $3,449,504Expenses 2017: $2,677,006Net Income 2017: $772,4982017Revenue 2018: $5,061,503Expenses 2018: $4,683,787Net Income 2018: $377,7162018Revenue 2019: $5,438,504Expenses 2019: $4,628,346Net Income 2019: $810,1582019Revenue 2020: $5,002,682Expenses 2020: $5,018,975Net Income 2020: -$16,2932020Revenue 2021: $5,783,858Expenses 2021: $5,782,955Net Income 2021: $9032021Revenue 2022: $6,494,366Expenses 2022: $6,525,642Net Income 2022: -$31,2762022Revenue 2023: $6,300,111Expenses 2023: $6,363,459Net Income 2023: -$63,3482023Revenue 2024: $6,687,258Expenses 2024: $6,525,021Net Income 2024: $162,2372024

Highlighted filing

2020

Revenue$5,002,682
Expenses$5,018,975
Net Income-$16,293
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2019 to Aug 31, 2020
Signed
Jan 26, 2021
Return Version
2019v5.0
Gross Receipts
$5,002,682
Mission and Program Overview

Mission

Trivium academy provides a classical education for the modern world that trains children to be lifelong learners. Students engage in learning content, examine information critically, and express themselves with increasing sophistication each year. We help our students to be successful by providing an individualized learning approach based on each child's strengths, weaknesses, learning style, and interests resulting in well- rounded students who are prepared to challenge the world.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,840,131$1,865,978▲ $25,847
Prepaid Expenses and Deferred Charges$138,630$157,981▲ $19,351
Pledges and Grants Receivable$375,207$106,218▼ $268,989
Land, Buildings, and Equipment, Net-$30,036-
Accounts Receivable$17,218$7,169▼ $10,049
Total Assets$2,371,186$2,167,382▼ $203,804
Liabilities
Other Liabilities$344,962$183,971▼ $160,991
Accounts Payable and Accrued Expenses$26,520--
Total Liabilities$371,482$183,971▼ $187,511
Net Assets / Fund Balance
Net Assets With Donor Restrictions-$1,059,209-
Net Assets Without Donor Restrictions$1,999,704$924,202▼ $1,075,502
Total Net Assets Fund Balance$1,999,704$1,983,411▼ $16,293
Total Liabilities and Net Assets / Fund Balance$2,371,186$2,167,382▼ $203,804

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$30,036$1,901$31,937
Compensation and Service Providers
Top Officer Pay21st percentile

Board Members and Trustees

NameTitle
Marci RoePresident
Erica TuscanoDirector
Leonard StevensDirector
Elizabeth SmithSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$4,875,404
Program Service Revenue
$104,385
Investment Income
$0
Other Revenue
$22,893
All Other Contributions
$50,917
Change in Net Assets
$-16,293

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,002,682
Total Revenue per Audited Statements
$5,002,682
Total Revenue per Form 990
$5,002,682
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,538,865
Other Expenses$1,480,110
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,135,774$114,700-$3,250,474
Occupancy$1,073,355--$1,073,355
Pension Plan Contributions$137,365--$137,365
Other Employee Benefits$96,554$6,756-$103,310
All Other Expenses$60,954--$60,954
Payroll Taxes$45,404$2,312-$47,716
Other Expenses$41,371$33,189-$33,189
Travel$20,606$210-$20,816
Fees for Services Accounting-$16,615-$16,615
Insurance-$15,857-$15,857
Fees for Services Legal-$8,308-$8,308
Total Functional Expenses$4,821,028$197,947$0$5,018,975

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,018,975
Total Expenses per Audited Statements$5,018,975
Total Expenses per Form 990$5,018,975
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$22,893
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fun Run$22,893$22,893-$22,893
Total Events$22,893$22,893-$22,893
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Wages$161,804
Accrued Liabilities$22,167
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“990 is reviewed by management and board members prior to filing.”

Form 990, Page 6, Part VI, Line 15A

“In the charter application process, comparability data was required for all positions. This application was reviewed and approved by members of the texas education agency and the state board of education. The portico board annually reviews and approves the current salary schedules.”

Form 990, Page 6, Part VI, Line 15B

“In the charter application process, comparability data was required for all positions. This application was reviewed and approved by members of the texas education agency and the state board of education. The portico board annually reviews and approves the current salary schedules.”

Form 990, Page 6, Part VI, Line 19

“UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Portico Education Foundation
EIN
46-4479609
Address
2205 E HEBRON PARKWAY, CARROLLTON, TX 75010-4442
Doing Business As
Trivium Academy

Signing Officer

Name
Marci Roe
Title
President
Phone
4698549007
Signed
2021-01-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marci Roe
Formed
2014
Voting Board Members
4
Independent Board Members
4
Employees
108
Volunteers
130

Preparer

Firm
K Evans & Associates Pllc
Address
4433 PUNJAB WAY STE 102, FRISCO, TX 75033-6745
Preparer
Kirk Evans CPA
Phone
9723359754
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Trivium academy provides a classical education for the modern world that trains children to be lifelong learners. Students engage in learning content, examine information critically, and express themselves with increasing sophistication each year. We help our students to be successful by providing an individualized learning approach based on each child's strengths, weaknesses, learning style, and interests resulting in well- rounded students who are prepared to challenge the world.”

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

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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE NON-DISCRIMINATION POLICY IS PART OF THE ADMISSION AND ENROLLMENT POLICY WHICH IS POSTED ONLINE AND ON EACH STUDENT APPLICATION FORM.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1FOUNDATION SCHOOL PROGRAM FUNDS AND FEDERAL GOVT PROGRAMS
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TRIVIUM ACADEMY PROVIDES A CLASSICAL EDUCATION FOR THE MODERN WORLD THAT TRAINS CHILDREN TO BE LIFELONG LEARNERS. STUDENTS ENGAGE IN LEARNING CONTENT, EXAMINE INFORMATION CRITICALLY, AND EXPRESS THEMSELVES WITH INCREASING SOPHISTICATION EACH YEAR. WE HELP OUR STUDENTS TO BE SUCCESSFUL BY PROVIDING AN INDIVIDUALIZED LEARNING APPROACH BASED ON EACH CHILD'S STRENGTHS, WEAKNESSES, LEARNING STYLE, AND INTERESTS RESULTING IN WELL- ROUNDED STUDENTS WHO ARE PREPARED TO CHALLENGE THE WORLD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1990 IS REVIEWED BY MANAGEMENT AND BOARD MEMBERS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2IN THE CHARTER APPLICATION PROCESS, COMPARABILITY DATA WAS REQUIRED FOR ALL POSITIONS. THIS APPLICATION WAS REVIEWED AND APPROVED BY MEMBERS OF THE TEXAS EDUCATION AGENCY AND THE STATE BOARD OF EDUCATION. THE PORTICO BOARD ANNUALLY REVIEWS AND APPROVES THE CURRENT SALARY SCHEDULES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3IN THE CHARTER APPLICATION PROCESS, COMPARABILITY DATA WAS REQUIRED FOR ALL POSITIONS. THIS APPLICATION WAS REVIEWED AND APPROVED BY MEMBERS OF THE TEXAS EDUCATION AGENCY AND THE STATE BOARD OF EDUCATION. THE PORTICO BOARD ANNUALLY REVIEWS AND APPROVES THE CURRENT SALARY SCHEDULES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SubjectToProxyTaxInd0false
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt05002682
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IRS990/TypeOfOrganizationCorpInd0X
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IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0CARROLLTON
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IRS990/USAddress/ZIPCd075010
IRS990/VotingMembersGoverningBodyCnt04
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IRS990/WebsiteAddressTxt0WWW.TRIVIUMACADEMYTX.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MARCI ROE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04698549007
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-01-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PORTICO EDUCATION FOUNDATION
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0K EVANS & ASSOCIATES PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04433 PUNJAB WAY STE 102
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FRISCO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0750336745
ReturnHeader/PreparerPersonGrp/PhoneNum09723359754
ReturnHeader/PreparerPersonGrp/PreparationDt02021-01-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KIRK EVANS CPA
ReturnHeader/ReturnTs02021-01-30T13:45:28-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-09-01
ReturnHeader/TaxPeriodEndDt02020-08-31
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,167,382
Liabilities
$183,971
Net assets
$1,983,411
Revenue
$5,002,682
Expenses
$5,018,975
Net income
-$16,293
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.01$1.08$1.93$6.69$6.53$0.16
2023Detailed filing. Detailed filing data is available for this year.$3.86$2.10$1.76$6.30$6.36$0.06
2022Detailed filing. Detailed filing data is available for this year.$2.61$0.65$1.95$6.49$6.53$0.03
2021Detailed filing. Detailed filing data is available for this year.$2.40$0.41$1.98$5.78$5.78$0.00
2020Detailed filing. Detailed filing data is available for this year.$2.17$0.18$1.98$5.00$5.02$0.02
2019Detailed filing. Detailed filing data is available for this year.$2.37$0.37$2.00$5.44$4.63$0.81
2018Detailed filing. Detailed filing data is available for this year.$1.56$0.37$1.19$5.06$4.68$0.38
2017Detailed filing. Detailed filing data is available for this year.$0.93$0.12$0.81$3.45$2.68$0.77