Trinity Academy Inc.
990 • Fiscal year 2012 • EIN 56-1913131
Scores are not available for this record yet.
Assets
Flat$9,332,408
Flat from 2012
Net Assets
Flat$2,934,577
Flat from 2012
Liabilities
Flat$6,397,831
Flat from 2012
Revenue
-
No earlier filing loaded for comparison.
Expenses
Flat$4,016,729
Flat from 2012
Net Income
-
No earlier filing loaded for comparison.
- Filing Period
- Jul 1, 2011 to Jun 30, 2012
- Signed
- Mar 26, 2013
- Return Version
- 2011v1.5
- Gross Receipts
- $4,345,823
Mission
The mission of trinity academy is to equip students to live with wisdom, excellence, and purpose in the modern world by offering an education grounded in the christian faith and the classical tradition.
Filer
- EIN
- 56-1913131
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| IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation | 0 | THE ACADEMY IS EXEMPT FROM INCOME TAXES AS A NOT-FOR-PROFIT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ACADEMY AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE ACADEMY HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE LIKELY THAN NOT WOULD BE SUSTAINED UPON EXAMINATION BY THE APPLICABLE AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ACADEMY, AND HAS CONCLUDED THAT AS OF JUNE 30, 2011, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ACADEMY IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE ACADEMY BELIEVES IT IS NO LONGER SUBJECT TO INCOME EXAMINATION FOR YEARS PRIOR TO 2008. |
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| IRS990ScheduleE/DiscriminateRaceStudentsRights | 0 | 0 |
| IRS990ScheduleE/DiscriminateRaceUseOfFclts | 0 | 0 |
| IRS990ScheduleE/Form990ScheduleEPartII/Explanation | 0 | ADVERTISEMENTS IN NEWSPAPER AND BROADCAST MEDIA CONTAINED NONDISCRIMINATORY LANGUAGE. |
| IRS990ScheduleE/Form990ScheduleEPartII/Identifier | 0 | EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION |
| IRS990ScheduleE/Form990ScheduleEPartII/ReturnReference | 0 | SCHEDULE E, PART I, LINE 3 |
| IRS990ScheduleE/GovernmentFinancialAidReceived | 0 | 0 |
| IRS990ScheduleE/GovernmentFinancialAidRevoked | 0 | 0 |
| IRS990ScheduleE/MaintCopiesOfAllSolicitations | 0 | 1 |
| IRS990ScheduleE/MaintCopiesOfBrochuresEtc | 0 | 1 |
| IRS990ScheduleE/MaintRacialCompositionRecords | 0 | 1 |
| IRS990ScheduleE/MaintScholarshipsRecords | 0 | 1 |
| IRS990ScheduleE/NondiscriminatoryPolicyStmt | 0 | 1 |
| IRS990ScheduleE/PolicyPublViaBroadcastMedia | 0 | 1 |
| IRS990ScheduleE/PolicyStatementInBrochuresEtc | 0 | 1 |
| IRS990ScheduleG/AgreementRefFundraising | 0 | 0 |
| IRS990ScheduleG/FundraiserActivityInformation/Activity | 0 | CAPITAL CAMPAIGN |
| IRS990ScheduleG/FundraiserActivityInformation/AddressUS/AddressLine1 | 0 | 8177 S HARVARD AVE 736 |
| IRS990ScheduleG/FundraiserActivityInformation/AddressUS/City | 0 | TULSA |
| IRS990ScheduleG/FundraiserActivityInformation/AddressUS/State | 0 | OK |
| IRS990ScheduleG/FundraiserActivityInformation/AddressUS/ZIPCode | 0 | 74137 |
| IRS990ScheduleG/FundraiserActivityInformation/AmountRetainedByContractor | 0 | 49500 |
| IRS990ScheduleG/FundraiserActivityInformation/FundraiserControlOfFunds | 0 | 0 |
| IRS990ScheduleG/FundraiserActivityInformation/GrossReceipts | 0 | 819085 |
| IRS990ScheduleG/FundraiserActivityInformation/NameOfOrganization/BusinessNameLine1 | 0 | CHURCH FINANCIAL DEVELOPMENT |
| IRS990ScheduleG/FundraiserActivityInformation/NetToOrganization | 0 | 769585 |
| IRS990ScheduleG/SpecialFundraisingEvents | 0 | X |
| IRS990ScheduleG/TotalGrossReceipts | 0 | 819085 |
| IRS990ScheduleG/TotalNetToOrganization | 0 | 769585 |
| IRS990ScheduleG/TotalRetainedByContractors | 0 | 49500 |
| IRS990/ScheduleJRequired | 0 | 0 |
| IRS990ScheduleL/Form990ScheduleLPartIV/AmountOfTransaction | 0 | 14505 |
| IRS990ScheduleL/Form990ScheduleLPartIV/AmountOfTransaction | 1 | 39572 |
| IRS990ScheduleL/Form990ScheduleLPartIV/DescriptionOfTransaction | 0 | PAYROLL |
| IRS990ScheduleL/Form990ScheduleLPartIV/DescriptionOfTransaction | 1 | PAYROLL |
| IRS990ScheduleL/Form990ScheduleLPartIV/NameOfInterestedPerson/NamePerson | 0 | ROBIN GOOLSBY |
| IRS990ScheduleL/Form990ScheduleLPartIV/NameOfInterestedPerson/NamePerson | 1 | HEATHER JEFFRIES |
| IRS990ScheduleL/Form990ScheduleLPartIV/Relationship | 0 | BOARD MEMBERS WIFE, TEACHING ASSISTANT |
| IRS990ScheduleL/Form990ScheduleLPartIV/Relationship | 1 | BOARD MEMBERS WIFE, TEACHING ASSISTANT |
| IRS990ScheduleL/Form990ScheduleLPartIV/SharingOfRevenues | 0 | 0 |
| IRS990ScheduleL/Form990ScheduleLPartIV/SharingOfRevenues | 1 | 0 |
| IRS990ScheduleO/GeneralExplanation/Explanation | 0 | THE SCHOOL STARTED AN EXTENDED LEARNING PROGRAM TARGETED AT CURRENT STUDENTS (BUT OPEN TO NON-STUDENTS) OF AFTER SCHOOL AND SUMMER ENRICHMENT PROGRAMS. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 1 | THE DRAFT OF THE 990 IS REVIEWED AND APPROVED BY THE FINANCE COMMITTEE OF TRINITY'S BOARD OF DIRECTORS. UPON APPROVAL BY THE FINANCE COMMITTEE THE CHAIR OF THE FINANCE COMMITTEE WILL PRESENT IT TO THE FULL BOARD PRIOR TO THE FILING OF THE FORM 990. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 2 | EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD-DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT THAT AFFIRMS SUCH PERSON HAS RECEIVED THE CONFLICT OF INTEREST POLICY AND HAS READ, UNDERSTANDS AND COMPLIES WITH THE POLICY. ANY INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF A POSSIBLE CONFLICT OF INTEREST AND PRESENT ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS. THE GOVERNING BOARD AND COMMITTEE MEMBERS WILL DISCUSS AND DETERMINE THE EXISTENCE OF A CONFLICT OF INTEREST IN THE ABSENCE OF THE INTERESTED PARTY. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 3 | THE BOARD APPROVES A CONTRACT WITH FIXED INDICATORS FOR COMPENSATION OVER A PERIOD OF TIME. ANNUAL REVIEW AND COMPENSATION RECOMMENDATIONS ARE DONE BY THE HEAD SUPPORT AND EVALUATION COMMITTEE. AT THE END OF THE CONTRACT THE HEAD SUPPORT AND EVALUATION COMMITTEE WILL MAINTAIN THEIR RESPONSIBILITY, THOUGH THE BOARD WILL BE FREE TO RENEGOTIATE TERMS OF CONTRACT. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 4 | THE ORGANIZATION MAKES DOCUMENTS AVAILABLE TO THE PUBLIC MOSTLY UPON REQUEST. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 5 | THE FINANCIAL STATEMENT IS GENERATED IN CONJUNCTION WITH TRINITY'S CHIEF FINANCIAL OFFICER. THE DRAFT IS THEN PRESENTED TO THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS TO BE REVIEWED AND APPROVED. ONCE IT IS APPROVED, IT IS THEN PRESENTED TO THE GOVERNING BOARD PRIOR TO BEING RELEASED. |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
- Assets
- $9,332,408
- Liabilities
- $6,397,831
- Net assets
- $2,934,577
- Revenue
- -
- Expenses
- $4,016,729
- Net income
- -