Civic Intelligence

Trinity Preparatory Academy

990 • Fiscal year 2019 • EIN 46-5372106

Jul 01, 2018 to Jun 30, 2019 • Filed on Feb 20, 2020

Organization ProfileWWW.MGATX.ORG
129 Pecan StreetKeller, TX 76248

(817) 683-1453

Siviq Scores

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

Liabilities / Assets

89th percentile

0.78x

Higher debt load relative to assets than 89% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

86th percentile

0.93x

Higher debt load relative to revenue than 86% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

48th percentile

2.7%

Higher net margin than 48% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

62nd percentile

7.8%

Faster asset growth than 62% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

81st percentile

30%

Faster revenue growth than 81% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets89th percentile

Assets

Up

$1,198,529

Up $86,780 (+7.8%) from 2018

Net Assets

Up

$257,813

Up $27,138 (+12%) from 2018

Liabilities

Up

$940,716

Up $59,642 (+6.8%) from 2018

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin48th percentile

Revenue

Up

$1,010,753

Up $231,728 (+30%) from 2018

Expenses

Up

$983,615

Up $321,466 (+49%) from 2018

Net Income

Down

$27,138

Down $89,738 (-77%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth62nd percentile

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

$15M$10M$5.0M$0Assets 2014: $135,575Liabilities 2014: $57,996Net Assets 2014: $77,5792014Assets 2015: $80,472Liabilities 2015: $18,244Net Assets 2015: $62,2282015Assets 2016: $235,332Liabilities 2016: $121,117Net Assets 2016: $114,2152016Assets 2017: $672,811Liabilities 2017: $140,424Net Assets 2017: $532,3872017Assets 2018: $1,111,749Liabilities 2018: $881,074Net Assets 2018: $230,6752018Assets 2019: $1,198,529Liabilities 2019: $940,716Net Assets 2019: $257,8132019Assets 2020: $2,150,932Liabilities 2020: $1,678,306Net Assets 2020: $472,6262020Assets 2021: $5,130,691Liabilities 2021: $4,505,532Net Assets 2021: $625,1592021Assets 2022: $5,564,645Liabilities 2022: $4,460,550Net Assets 2022: $1,104,0952022Assets 2023: $6,481,339Liabilities 2023: $5,233,358Net Assets 2023: $1,247,9812023Assets 2025: $11,370,407Liabilities 2025: $9,451,586Net Assets 2025: $1,918,8212025

Highlighted filing

2019

Assets$1,198,529
Liabilities$940,716
Net Assets$257,813
Open 2019 Filing

Operations Trend

Revenue Growth81st percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2014: $301,359Expenses 2014: $223,780Net Income 2014: $77,5792014Revenue 2015: $234,561Expenses 2015: $249,912Net Income 2015: -$15,3512015Revenue 2016: $710,054Expenses 2016: $658,067Net Income 2016: $51,9872016Revenue 2017: $1,112,792Expenses 2017: $694,620Net Income 2017: $418,1722017Revenue 2018: $779,025Expenses 2018: $662,149Net Income 2018: $116,8762018Revenue 2019: $1,010,753Expenses 2019: $983,615Net Income 2019: $27,1382019Revenue 2020: $1,304,609Expenses 2020: $1,089,796Net Income 2020: $214,8132020Revenue 2021: $1,261,419Expenses 2021: $1,108,886Net Income 2021: $152,5332021Revenue 2022: $1,884,211Expenses 2022: $1,405,158Net Income 2022: $479,0532022Revenue 2023: $1,798,617Expenses 2023: $1,654,724Net Income 2023: $143,8932023Revenue 2025: $2,670,740Expenses 2025: $2,659,149Net Income 2025: $11,5912025

Highlighted filing

2019

Revenue$1,010,753
Expenses$983,615
Net Income$27,138
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Feb 20, 2020
Return Version
2018v3.2
Gross Receipts
$1,037,336
Mission and Program Overview

Mission

The corporation will operate a school that offers academic classes to students in kindergarten through 12th grade on a part-time basis, in support of a home-centered learning and within a christian worldview. The corporation will have two programs: 1) elementary school for kindergarten through 5th grade students; and 2) upper school for 6th through 12th grade and history/social studies to upper school students, with the additional courses of art and physical education for the elementary school students. Upper school classes will meet national standards for content and be college preparatory.

The corporation will operate a school that offers academic classes to students in kindergarten through 12th grade on a part-time basis, in support of home-centered learning and within a christian worldview. The corporation will have two programs: 1) grammar school for kindergarten through 5th grade students; and 2) upper school for 6th through 12th grade students. The school will offer courses in math, science, language arts, and history/social studies to upper school students, with the additional courses of art and physical education for the grammar school students. Upper school classes will meet national standards for content and be college preparatory.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$723,065$801,506▲ $78,441
Rtn Earn Endowment Incm Other Fnds$230,675$257,813▲ $27,138
Cash and Non-Interest-Bearing Accounts$188,626$212,494▲ $23,868
Land, Buildings, and Equipment, Net$178,788$163,679▼ $15,109
Prepaid Expenses and Deferred Charges$1,270$850▼ $420
Total Assets$1,111,749$1,198,529▲ $86,780
Other Assets Total$20,000$20,000→ $0
Liabilities
Deferred Revenue$770,465$851,210▲ $80,745
Mortgage Notes Payable Secured by Investment Property$87,334$82,128▼ $5,206
Accounts Payable and Accrued Expenses$15,018$4,541▼ $10,477
Other Liabilities$8,257$2,837▼ $5,420
Total Liabilities$881,074$940,716▲ $59,642
Net Assets / Fund Balance
Total Net Assets Fund Balance$230,675$257,813▲ $27,138
Total Liabilities and Net Assets / Fund Balance$1,111,749$1,198,529▲ $86,780

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$113,679$36,442$150,121
Land$50,000-$50,000
Leasehold Improvements-$18,631$18,631
Compensation and Service Providers
Top Officer Pay36th percentile

Board Members and Trustees

NameTitle
Arnold TorresChairman
Leslie KentPresident
Anthony MorelandDirector
Kevin FreemanDirector
Shannon BlakelySecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$81,007
Program Service Revenue
$933,548
Investment Income
$265
Other Revenue
$-4,067
All Other Contributions
$11,796
Change in Net Assets
$27,138

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,010,753
Revenue Not Reported on Form 990
$9,218
Total Revenue per Audited Statements
$1,019,971
Total Revenue per Form 990
$1,010,753
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$662,932
Other Expenses$320,683
Total Fundraising Expense$27,339
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$461,183$137,879$11,578$610,640
Occupancy-$147,916-$147,916
Payroll Taxes$38,439$9,475$960$48,874
Office Expenses$17,673$8,462$801$26,936
All Other Expenses$11,863$6,417$706$18,986
Depreciation Depletion-$16,203-$16,203
Insurance-$14,343-$14,343
Information Technology$6,597$3,388$19$10,004
Advertising-$8,543-$8,543
Fees for Services Accounting-$7,440-$7,440
Other Expenses$6,570$12,084$13,275$6,570
Interest-$4,222-$4,222
Pension Plan Contributions$1,768$1,650-$3,418
Fees for Services Legal-$1,981-$1,981
Travel$70$2-$72
Total Functional Expenses$555,702$400,574$27,339$983,615

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$992,833
Expenses per Audited Statements$983,615
Total Expenses per Form 990$983,615
Expenses Not Reported on Form 990$9,218
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$9,218
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Benefit Dinner$69,211-$9,218-
Total Events$69,211-$9,218$-9,218
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Software Account Payable$2,556
Payroll Liabilities$281
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
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, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Trinity Preparatory Academy
EIN
46-5372106
Address
129 PECAN STREET, KELLER, TX 76248

Signing Officer

Name
Leslie Kent
Title
President
Phone
8175248262
Signed
2020-02-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Leslie Kent
Legal Domicile
TX
Voting Board Members
4
Independent Board Members
4
Employees
61

Preparer

Firm
Ken Green CPA Pllc
Address
6508 COLLEYVILLE BLVD STE 300, COLLEYVILLE, TX 76034-6271
Preparer
Ken Green
Phone
8172516688
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The corporation will operate a school that offers academic classes to students in kindergarten through 12th grade on a part-time basis, in support of home-centered learning and within a christian worldview. The corporation will have two programs: 1) grammar school for kindergarten through 5th grade students; and 2) upper school for 6th through 12th grade students. The school will offer courses in math, science, language arts, and history/social studies to upper school students, with the additional courses of art and physical education for the grammar school students. Upper school classes will meet national standards for content and be college preparatory.”

Form 990, Part XI, Line 9

“Fundraising expenses 9,218 fundraising expenses -9,218”

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

“Fundraising expenses 9,218”

Schedule D, Page 4, Part XII, Line 2D

“Fundraising expenses 9,218”

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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt050000
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt018631
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt018631
IRS990ScheduleD/OtherExpensesIncludedAmt09218
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0113679
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt036442
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02556
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1281
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SOFTWARE ACCOUNT PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYROLL LIABILITIES
IRS990ScheduleD/OtherRevenueAmt09218
IRS990ScheduleD/RevenueNotReportedAmt09218
IRS990ScheduleD/RevenueSubtotalAmt01010753
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FUNDRAISING EXPENSES 9,218
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FUNDRAISING EXPENSES 9,218
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 2D
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IRS990ScheduleD/TotalExpensesPerForm990Amt0983615
IRS990ScheduleD/TotalLiabilityAmt02837
IRS990ScheduleD/TotalRevenuePerForm990Amt01010753
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IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
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IRS990ScheduleE/MaintainRacialCompRecsInd0true
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0NO DISCRIMINATION OF ANY KIND IS ALLOWED THEREFORE THERE IS NO NEED TO PUBLISH THE POLICY.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
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IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt069211
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IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-9218
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION WILL OPERATE A SCHOOL THAT OFFERS ACADEMIC CLASSES TO STUDENTS IN KINDERGARTEN THROUGH 12TH GRADE ON A PART-TIME BASIS, IN SUPPORT OF HOME-CENTERED LEARNING AND WITHIN A CHRISTIAN WORLDVIEW. THE CORPORATION WILL HAVE TWO PROGRAMS: 1) GRAMMAR SCHOOL FOR KINDERGARTEN THROUGH 5TH GRADE STUDENTS; AND 2) UPPER SCHOOL FOR 6TH THROUGH 12TH GRADE STUDENTS. THE SCHOOL WILL OFFER COURSES IN MATH, SCIENCE, LANGUAGE ARTS, AND HISTORY/SOCIAL STUDIES TO UPPER SCHOOL STUDENTS, WITH THE ADDITIONAL COURSES OF ART AND PHYSICAL EDUCATION FOR THE GRAMMAR SCHOOL STUDENTS. UPPER SCHOOL CLASSES WILL MEET NATIONAL STANDARDS FOR CONTENT AND BE COLLEGE PREPARATORY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FUNDRAISING EXPENSES 9,218 FUNDRAISING EXPENSES -9,218
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9
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IRS990/TaxExemptBondsInd0false
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IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02020-09-23 17:36:50Z
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ReturnHeader/BusinessOfficerGrp/SignatureDt02020-02-20
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ReturnHeader/FilingSecurityInformation/IPTm007:15:36
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KEN GREEN CPA PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06508 COLLEYVILLE BLVD STE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0COLLEYVILLE

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,198,529
Liabilities
$940,716
Net assets
$257,813
Revenue
$1,010,753
Expenses
$983,615
Net income
$27,138
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.4$9.45$1.92$2.67$2.66$0.01
2023Summary only. Only limited summary data is available for this year.$6.48$5.23$1.25$1.80$1.65$0.14
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.56$4.46$1.10$1.88$1.41$0.48
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.13$4.51$0.63$1.26$1.11$0.15
2020Summary only. Only limited summary data is available for this year.$2.15$1.68$0.47$1.30$1.09$0.21
2019Detailed filing. Detailed filing data is available for this year.$1.20$0.94$0.26$1.01$0.98$0.03
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.11$0.88$0.23$0.78$0.66$0.12
2017Summary only. Only limited summary data is available for this year.$0.67$0.14$0.53$1.11$0.69$0.42
2016Summary only. Only limited summary data is available for this year.$0.24$0.12$0.11$0.71$0.66$0.05
2015Summary only. Only limited summary data is available for this year.$0.08$0.02$0.06$0.23$0.25$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.14$0.06$0.08$0.30$0.22$0.08
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2019 filings • 501(c)3 • $1M-$5M nonprofits