Civic Intelligence

Trinity Classical Academy

990 • Fiscal year 2023 • EIN 46-5485330

Jul 01, 2022 to Jun 30, 2023 • Filed on Apr 18, 2024

306 E South St PO Box 226Industry, IL 61440

(309) 731-4016

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Down

$306,176

Down $32,387 (-9.6%) from 2022

Net Assets

Down

$306,176

Down $32,387 (-9.6%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses

Revenue

Down

$516,423

Down $23,136 (-4.3%) from 2022

Expenses

Up

$548,810

Up $54,726 (+11%) from 2022

Net Income

Down

-$32,387

Down $77,862 (-171%) from 2022

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

2023

Assets$306,176
Liabilities$0
Net Assets$306,176

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

2023

Revenue$516,423
Expenses$548,810
Net Income-$32,387
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Apr 18, 2024
Return Version
2022v5.0
Gross Receipts
$516,423
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$396,552$365,511▼ $31,041
Accounts Receivable$-57,989$-59,335▼ $1,346
Total Assets$338,563$306,176▼ $32,387
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$338,563$306,176▼ $32,387
Total Net Assets Fund Balance$338,563$306,176▼ $32,387
Total Liabilities and Net Assets / Fund Balance$338,563$306,176▼ $32,387
Compensation and Service Providers

Board Members and Trustees

NameTitle
Kea RunyanChairman
Vickie BeardVice Chair
Janice LattanSecretary
Jason ChattertonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$32,958
Program Service Revenue
$481,538
Investment Income
$1,927
Other Revenue
$0
Change in Net Assets
$-32,387
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$411,770
Other Expenses$137,040
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$382,503--$382,503
Fees for Services Other$137,040--$137,040
Payroll Taxes$29,267--$29,267
Total Functional Expenses$548,810$0$0$548,810
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Mud run----
Trap Shoot----
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
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
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

Governing body will review at regular board meeting and give approval before return will be filed.

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 comtemplating 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 applicabel 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 packages 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 tpye 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 availabe 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 board 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
Kea Runyon
Title
President
Phone
3097314016
Signed
2024-04-18
Discuss with paid preparer
Yes

Organization Details

Formed
2014
Legal Domicile
Il
Voting Board Members
9
Independent Board Members
9
Employees
25

Preparer

Firm
Billingsley Tax Service
Address
114 N Congress Street Suite C, Rushville, IL 62681
Preparer
Kathryn Billingsley
Phone
2173222296
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 Appendix299 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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