Civic Intelligence

Trinity Classical Academy

990 • Fiscal year 2015 • EIN 46-5485330

Jan 01, 2015 to Dec 31, 2015 • Filed on May 13, 2016

306 E South St PO Box 226Industry, IL 61440

(309) 731-4016

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

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

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

55th percentile

0.00x

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

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

90th percentile

44%

Higher net margin than 90% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

80th percentile

$12,610

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 10.2% of source-year revenue.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Assets

$55,088

No earlier filing loaded for comparison.

Net Assets

$55,088

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

$124,068

No earlier filing loaded for comparison.

Expenses

$68,980

No earlier filing loaded for comparison.

Net Income

$55,088

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2015: $55,088Liabilities 2015: $0Net Assets 2015: $55,0882015Assets 2016: $21,663Liabilities 2016: $0Net Assets 2016: $21,6632016Assets 2017: $30,585Liabilities 2017: $4,113Net Assets 2017: $26,4722017Assets 2018: $74,084Liabilities 2018: $1,181Net Assets 2018: $72,9032018Assets 2019: $124,894Liabilities 2019: $19,886Net Assets 2019: $105,0082019Assets 2020: $178,196Liabilities 2020: $43,062Net Assets 2020: $135,1342020Assets 2021: $293,088Liabilities 2021: $0Net Assets 2021: $293,0882021Assets 2022: $338,563Liabilities 2022: $0Net Assets 2022: $338,5632022Assets 2023: $306,176Liabilities 2023: $0Net Assets 2023: $306,1762023Assets 2024: $293,854Liabilities 2024: $0Net Assets 2024: $293,8542024Assets 2025: $294,091Liabilities 2025: $0Net Assets 2025: $294,0912025

Highlighted filing

2015

Assets$55,088
Liabilities$0
Net Assets$55,088

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2015: $124,068Expenses 2015: $68,980Net Income 2015: $55,0882015Revenue 2016: $158,658Expenses 2016: $136,995Net Income 2016: $21,6632016Revenue 2017: $145,888Expenses 2017: $141,079Net Income 2017: $4,8092017Revenue 2018: $251,859Expenses 2018: $205,428Net Income 2018: $46,4312018Revenue 2019: $287,424Expenses 2019: $255,319Net Income 2019: $32,1052019Revenue 2020: $365,316Expenses 2020: $335,190Net Income 2020: $30,1262020Revenue 2021: $565,920Expenses 2021: $407,966Net Income 2021: $157,9542021Revenue 2022: $539,559Expenses 2022: $494,084Net Income 2022: $45,4752022Revenue 2023: $516,423Expenses 2023: $548,810Net Income 2023: -$32,3872023Revenue 2024: $579,240Expenses 2024: $591,562Net Income 2024: -$12,3222024Revenue 2025: $623,568Expenses 2025: $623,331Net Income 2025: $2372025

Highlighted filing

2015

Revenue$124,068
Expenses$68,980
Net Income$55,088
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 13, 2016
Return Version
2015v2.1
Gross Receipts
$124,068
Mission and Program Overview

Mission

To provide classical education combining christ centered focus with academic excellece.

To provide classical education combining christ centered focus with academic excellence

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$53,529-
Accounts Receivable-$1,559-
Total Assets$0$55,088▲ $55,088
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets-$55,088-
Total Net Assets Fund Balance$0$55,088▲ $55,088
Total Liabilities and Net Assets / Fund Balance$0$55,088▲ $55,088
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Karen DebruinAdminstratorFT$12,610$12,610

Board Members and Trustees

NameTitle
Claire MonteenBoard Chair
Sue Huber BartlettVice Chair
Paul MillerBoard Secretary
Neal WrightBoard Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$92,463
Program Service Revenue
$31,605
Investment Income
$0
Other Revenue
$0
All Other Contributions
$89,503
Change in Net Assets
$55,088
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$38,200
Salaries, Compensation, and Employee Benefits$30,780
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$38,200--$38,200
Other Salaries and Wages$28,593--$28,593
Payroll Taxes$2,187--$2,187
Total Functional Expenses$68,980$0$0$68,980
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

Although the policy has not been finalized, it is expected that the tax return would be reviewed by at least the executive committee and finance committee, which are both board committees.

Conflict of interest policy compliance Part VI line 12C

The purpose of the conflict of interest policy is to protect trinity classical academy (the corporation) interest when it is contemplating entering into a transaction or arrangement that might benefit the private interest of an officer or director of the corporation or might result in a possible excess benefit transaction. This policy is intended to supplement but not replace any applicable state and federal laws governing conflict of interest applicable to non-profit and charitable corporations.

CEO executive director top management comp Part VI line 15A

Board policy excludes board members from receiving any type of compensation or from being employed at trinity academy. The finance committee, which is a sub committee of the board, chaired by the treasurer creates the budget, including compensation for all employees. The budget and compensation package must be approved by the board of directors.

Other officer or key employee compensation Part VI line 15B

Board policy excludes board members from receiving any type of compensation or from being employed at trinity academy. The finance committee, which is a sub committee of the board, chaired by the treasurer creates the budget, including compensation for all employees. The budget and compensation package must be approved by the board of directors.

Governing documents etc available to public Part VI line 19

All governing documents are available in the school office during business hours and may be reviewed upon request. In addition, board meetings are open to the public (except when in closed session) and may be attended upon request. Documents are on hand at borad meetings.

Filing and Contact Details

Filer

Filer Name
Trinity Classical Academy
EIN
46-5485330
Address
306 E SOUTH ST PO BOX 226, INDUSTRY, IL 61440

Signing Officer

Name
Claire Monteen
Title
Board Chair
Phone
3097314016
Signed
2016-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Claire Monteen
Formed
2014
Legal Domicile
Il
Voting Board Members
7
Independent Board Members
7
Employees
6

Preparer

Firm
Total Income Tax LLC
Address
1425 W Forrest Hill Ave, Peoria, IL 61604
Preparer
Shay Allen
Phone
3096551040
Supplemental Narrative

Additional Explanations

List of other fees for services expenses Part IX line 11G

The list of expenses is shown on the overflow statements.

Raw XML Appendix294 raw XML fields

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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE PURPOSE OF THE CONFLICT OF INTEREST POLICY IS TO PROTECT TRINITY CLASSICAL ACADEMY (THE CORPORATION) INTEREST WHEN IT IS CONTEMPLATING ENTERING INTO A TRANSACTION OR ARRANGEMENT THAT MIGHT BENEFIT THE PRIVATE INTEREST OF AN OFFICER OR DIRECTOR OF THE CORPORATION OR MIGHT RESULT IN A POSSIBLE EXCESS BENEFIT TRANSACTION. THIS POLICY IS INTENDED TO SUPPLEMENT BUT NOT REPLACE ANY APPLICABLE STATE AND FEDERAL LAWS GOVERNING CONFLICT OF INTEREST APPLICABLE TO NON-PROFIT AND CHARITABLE CORPORATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD POLICY EXCLUDES BOARD MEMBERS FROM RECEIVING ANY TYPE OF COMPENSATION OR FROM BEING EMPLOYED AT TRINITY ACADEMY. THE FINANCE COMMITTEE, WHICH IS A SUB COMMITTEE OF THE BOARD, CHAIRED BY THE TREASURER CREATES THE BUDGET, INCLUDING COMPENSATION FOR ALL EMPLOYEES. THE BUDGET AND COMPENSATION PACKAGE MUST BE APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD POLICY EXCLUDES BOARD MEMBERS FROM RECEIVING ANY TYPE OF COMPENSATION OR FROM BEING EMPLOYED AT TRINITY ACADEMY. THE FINANCE COMMITTEE, WHICH IS A SUB COMMITTEE OF THE BOARD, CHAIRED BY THE TREASURER CREATES THE BUDGET, INCLUDING COMPENSATION FOR ALL EMPLOYEES. THE BUDGET AND COMPENSATION PACKAGE MUST BE APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL GOVERNING DOCUMENTS ARE AVAILABLE IN THE SCHOOL OFFICE DURING BUSINESS HOURS AND MAY BE REVIEWED UPON REQUEST. IN ADDITION, BOARD MEETINGS ARE OPEN TO THE PUBLIC (EXCEPT WHEN IN CLOSED SESSION) AND MAY BE ATTENDED UPON REQUEST. DOCUMENTS ARE ON HAND AT BORAD MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE LIST OF EXPENSES IS SHOWN ON THE OVERFLOW STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
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ReturnHeader/Filer/USAddress/AddressLine1Txt0306 E SOUTH ST PO BOX 226
ReturnHeader/Filer/USAddress/CityNm0INDUSTRY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd061440
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0200568205
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Total Income Tax LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01425 W Forrest Hill Ave
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Peoria
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd061604
ReturnHeader/PreparerPersonGrp/PhoneNum03096551040
ReturnHeader/PreparerPersonGrp/PreparationDt02016-05-19
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Shay Allen
ReturnHeader/ReturnTs02016-05-19T16:51:05-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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