Civic Intelligence

Trinity Preparatory Academy

990 • Fiscal year 2022 • EIN 46-5372106

Jul 01, 2021 to Jun 30, 2022 • Filed on May 15, 2023

Organization ProfileWWW.TRINITYPREPKELLER.ORG
12650 N Beach Ste 114 Pmb 302Keller, TX 76244

(817) 683-1453

Siviq Scores

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

Liabilities / Assets

89th percentile

0.80x

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

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

91st percentile

2.37x

Higher debt load relative to revenue than 91% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Net Margin

76th percentile

25%

Higher net margin than 76% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

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

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Asset Growth

67th percentile

8.5%

Faster asset growth than 67% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

84th percentile

49%

Faster revenue growth than 84% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets89th percentile

Assets

Up

$5,564,645

Up $433,954 (+8.5%) from 2021

Net Assets

Up

$1,104,095

Up $478,936 (+77%) from 2021

Liabilities

Down

$4,460,550

Down $44,982 (-1.0%) from 2021

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin76th percentile

Revenue

Up

$1,884,211

Up $622,792 (+49%) from 2021

Expenses

Up

$1,405,158

Up $296,272 (+27%) from 2021

Net Income

Up

$479,053

Up $326,520 (+214%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth67th 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

2022

Assets$5,564,645
Liabilities$4,460,550
Net Assets$1,104,095
Open 2022 Filing

Operations Trend

Revenue Growth84th 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

2022

Revenue$1,884,211
Expenses$1,405,158
Net Income$479,053
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 15, 2023
Return Version
2021v4.0
Gross Receipts
$2,120,802
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) elementary 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 elementary school students. Upper school classes will meet national standards for content and be college preparatory.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$3,044,935$2,229,499▼ $815,436
Accounts Receivable$1,054,108$1,113,559▲ $59,451
Rtn Earn Endowment Incm Other Fnds$625,159$1,104,095▲ $478,936
Land, Buildings, and Equipment, Net$929,899$799,817▼ $130,082
Prepaid Expenses and Deferred Charges$2,250--
Total Assets$5,130,691$5,564,645▲ $433,954
Other Assets Total$99,499$1,421,770▲ $1,322,271
Liabilities
Tax Exempt Bond Liabilities$3,264,145$3,177,382▼ $86,763
Deferred Revenue$1,161,718$1,234,173▲ $72,455
Mortgage Notes Payable Secured by Investment Property$71,194--
Other Liabilities$2,433$48,995▲ $46,562
Accounts Payable and Accrued Expenses$6,042--
Total Liabilities$4,505,532$4,460,550▼ $44,982
Net Assets / Fund Balance
Total Net Assets Fund Balance$625,159$1,104,095▲ $478,936
Total Liabilities and Net Assets / Fund Balance$5,130,691$5,564,645▲ $433,954

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$569,728$39,022$608,750
Land$191,250-$191,250
Other Land Buildings$64,103-$64,103
Other Assets Org$1,421,770--
Compensation and Service Providers
Top Officer Pay22nd percentile

Board Members and Trustees

NameTitle
Arnold TorresChairman
Chris NorrisBoard Member
Drew WhitingtonBoard Member
Kevin FreemanBoard Member
Tra WillbanksBoard Member
Claire BancroftHead of Scho
Revenue and Support

Revenue Composition

Contributions and Grants
$340,826
Program Service Revenue
$1,408,879
Investment Income
$80,019
Other Revenue
$54,487
All Other Contributions
$13,761
Change in Net Assets
$479,053

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,884,211
Total Revenue per Audited Statements
$1,884,211
Total Revenue per Form 990
$1,884,211
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$787,841
Other Expenses$617,317
Total Fundraising Expense$47,265
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$495,069$220,041$9,750$724,860
Occupancy$8,180$311,551-$319,731
Interest-$106,849-$106,849
Payroll Taxes$4,802$52,377-$57,179
Office Expenses$23,313$12,120$4,224$39,657
Depreciation Depletion-$22,269-$22,269
Insurance-$19,283-$19,283
Information Technology$11,758$4,517-$16,275
Advertising$1,960$10,681$376$13,017
All Other Expenses$2,393$3,470$5,462$11,325
Pension Plan Contributions$493$5,309-$5,802
Other Expenses$865$550$2,745$4,160
Total Functional Expenses$560,859$797,034$47,265$1,405,158

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,405,275
Expenses per Audited Statements$1,405,158
Total Expenses per Form 990$1,405,158
Expenses Not Reported on Form 990$117
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$27,311
Fundraising Gross Income$15,250
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Benefit Dinner$342,315$15,250-$15,250
Total Events$342,315$15,250$27,311$-12,061
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$24,927
Credit Card Liabilities$24,038
State of Texas Escheatment Payable$30

Bond Issues

BondIssuerIssuedIssue PricePurpose
ASeries 2020 Note2020-07-17$3,366,000(a) financing and/or refinancing all or a portion of the costs of the acquisition, construction, ext

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$3,366,000$2,156,918-$66,000

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
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

“The draft return will be provided to the board prior to filing.”

Form 990, Page 6, Part VI, Line 19

“The 990 is available upon request”

Filing and Contact Details

Filer

Filer Name
Trinity Preparatory Academy
EIN
46-5372106
Phone
8176831453
Address
12650 N BEACH STE 114 PMB 302, KELLER, TX 76244

Signing Officer

Name
Claire Bancroft
Title
Head of School
Phone
8176831453
Signed
2023-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Claire Bancroft
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
51
Volunteers
5

Preparer

Firm
Green Curtis Daley Cpas Pllc
Address
6508 COLLEYVILLE BLVD STE 300, COLLEYVILLE, TX 76034-6271
Preparer
Hannah Curtis
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) elementary 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 elementary school students. Upper school classes will meet national standards for content and be college preparatory.”

Form 990, Part XI, Line 9

“Book / tax depreciation difference -117”

Financial Statement Notes

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

“Book / tax depreciation difference 117”

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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2550
IRS990/OtherExpensesGrp/ProgramServicesAmt0519
IRS990/OtherExpensesGrp/ProgramServicesAmt19025
IRS990/OtherExpensesGrp/ProgramServicesAmt22482
IRS990/OtherExpensesGrp/ProgramServicesAmt3865
IRS990/OtherExpensesGrp/TotalAmt050992
IRS990/OtherExpensesGrp/TotalAmt19025
IRS990/OtherExpensesGrp/TotalAmt24734
IRS990/OtherExpensesGrp/TotalAmt34160
IRS990/OtherLiabilitiesGrp/BOYAmt02433
IRS990/OtherLiabilitiesGrp/EOYAmt048995
IRS990/OtherRevenueMiscGrp/BusinessCd0611710
IRS990/OtherRevenueMiscGrp/Desc0INSURANCE PROCEEDS
IRS990/OtherRevenueMiscGrp/ExclusionAmt070988
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt070988
IRS990/OtherRevenueTotalAmt070988
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt09750
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0220041
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0495069
IRS990/OtherSalariesAndWagesGrp/TotalAmt0724860
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt052377
IRS990/PayrollTaxesGrp/ProgramServicesAmt04802
IRS990/PayrollTaxesGrp/TotalAmt057179
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt05309
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0493
IRS990/PensionPlanContributionsGrp/TotalAmt05802
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02250
IRS990/PrincipalOfficerNm0CLAIRE BANCROFT
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0TUITION
IRS990/ProgramServiceRevenueGrp/Desc1MISC PROGRAM INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01389207
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt119672
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01389207
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt119672
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0133804
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0153
IRS990/PYOtherExpensesAmt0412368
IRS990/PYOtherRevenueAmt025838
IRS990/PYProgramServiceRevenueAmt01101624
IRS990/PYRevenuesLessExpensesAmt0152533
IRS990/PYSalariesCompEmpBnftPaidAmt0696518
IRS990/PYTotalExpensesAmt01108886
IRS990/PYTotalRevenueAmt01261419
IRS990/ReconcilationRevenueExpnssAmt0479053
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01408879
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0625159
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01104095
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0569728
IRS990ScheduleD/BuildingsGrp/DepreciationAmt039022
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0608750
IRS990ScheduleD/ExpensesNotReportedAmt0117
IRS990ScheduleD/ExpensesSubtotalAmt01405158
IRS990ScheduleD/LandGrp/BookValueAmt0191250
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0191250
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01421770
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0WORK IN PROCESS
IRS990ScheduleD/OtherExpensesIncludedAmt0117
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt064103
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt064103
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt024927
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt124038
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt230
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CREDIT CARD LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2STATE OF TEXAS ESCHEATMENT PAYABLE
IRS990ScheduleD/RevenueSubtotalAmt01884211
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0BOOK / TAX DEPRECIATION DIFFERENCE 117
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0825081
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01421770
IRS990ScheduleD/TotalExpensesPerForm990Amt01405158
IRS990ScheduleD/TotalLiabilityAmt048995
IRS990ScheduleD/TotalRevenuePerForm990Amt01884211
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01884211
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01405275
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0NO DISCRIMINATION IS ALLOWED.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0327065
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0327065
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt027311
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0BENEFIT DINNER
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0342315
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0342315
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt015250
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt015250
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-12061
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt027311
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt027311
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd0false
IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt0SERIES 2020 NOTE (A) FINANCING AND/OR REFINANCING ALL OR A PORTION OF THE COSTS OF THE ACQUISITION, CONSTRUCTION, EXTENSION, REPAIR, RENOVATION, IMPROVEMENT AND EQUIPPING OF EDUCATIONAL AND RELATED FACILITIES, INCLUDING THE COST OF ACQUIRING LAND IN CONNECTION THEREWITH, ON THE CAMPUS OF THE SCHOOL LOCATED AT 12657 N. CAYLOR ROAD, FORT WORTH, TEXAS 76244 AND (B) PAYING CERTAIN EXPENSES IN CONNECTION WITH THE ISSUANCE OF THE LOAN.
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc0PURPOSE OF ISSUE DESCRIPTION
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd0true
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd0true
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02020-07-17
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt03366000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0SERIES 2020 NOTE
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0(A) FINANCING AND/OR REFINANCING ALL OR A PORTION OF THE COSTS OF THE ACQUISITION, CONSTRUCTION, EXT
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt066000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/OtherSpentProceedsAmt02156918
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt03366000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/UnspentAmt01209082
IRS990/ScheduleORequiredInd0true
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) ELEMENTARY 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 ELEMENTARY SCHOOL STUDENTS. UPPER SCHOOL CLASSES WILL MEET NATIONAL STANDARDS FOR CONTENT AND BE COLLEGE PREPARATORY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE DRAFT RETURN WILL BE PROVIDED TO THE BOARD PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 990 IS AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOOK / TAX DEPRECIATION DIFFERENCE -117
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 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt03264145
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt03177382
IRS990/TaxExemptBondsInd0true
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt05130691
IRS990/TotalAssetsEOYAmt05564645
IRS990/TotalAssetsGrp/BOYAmt05130691
IRS990/TotalAssetsGrp/EOYAmt05564645
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0340826
IRS990/TotalEmployeeCnt051
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt047265
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0797034
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0560859
IRS990/TotalFunctionalExpensesGrp/TotalAmt01405158
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04505532

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,564,645
Liabilities
$4,460,550
Net assets
$1,104,095
Revenue
$1,884,211
Expenses
$1,405,158
Net income
$479,053
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
2022Detailed filing. Detailed filing data is available for this year.$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
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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