Civic Intelligence

Trace Academy Inc.

990 • Fiscal year 2021 • EIN 59-3398298

Jul 01, 2020 to Jun 30, 2021 • Filed on Sep 10, 2021

Organization ProfileTRACEACADEMY.ORG
4200 S Chickasaw TrailOrlando, FL 32829

(407) 306-0887

Siviq Scores

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

Liabilities / Assets

61st percentile

0.00x

Higher debt load relative to assets than 61% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

61st percentile

0.01x

Higher debt load relative to revenue than 61% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

29th percentile

-4.7%

Higher net margin than 29% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

93rd percentile

$52,259

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 28.1% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

34th percentile

-3.4%

Faster asset growth than 34% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

36th percentile

-13%

Faster revenue growth than 36% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets61st percentile

Assets

Down

$221,318

Down $7,717 (-3.4%) from 2020

Net Assets

Down

$220,283

Down $8,752 (-3.8%) from 2020

Liabilities

Up

$1,035

Up $1,035 from 2020

Revenue And Expenses
Liabilities / Revenue61st percentileNet Margin29th percentile

Revenue

Down

$186,025

Down $27,775 (-13%) from 2020

Expenses

Down

$194,777

Down $7,567 (-3.7%) from 2020

Net Income

Down

-$8,752

Down $20,208 (-176%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth34th percentile

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

$300K$200K$100K$0Assets 2012: $115,654Liabilities 2012: $02012Assets 2013: $110,996Liabilities 2013: $02013Assets 2014: $130,995Liabilities 2014: $02014Assets 2015: $177,938Liabilities 2015: $02015Assets 2016: $202,047Liabilities 2016: $13,6382016Assets 2017: $192,635Liabilities 2017: $02017Assets 2018: $186,322Liabilities 2018: $0Net Assets 2018: $186,3222018Assets 2019: $217,055Liabilities 2019: $0Net Assets 2019: $217,0552019Assets 2020: $229,035Liabilities 2020: $0Net Assets 2020: $229,0352020Assets 2021: $221,318Liabilities 2021: $1,035Net Assets 2021: $220,2832021Assets 2022: $207,415Liabilities 2022: $1,110Net Assets 2022: $206,3052022Assets 2023: $161,106Liabilities 2023: $2,446Net Assets 2023: $158,6602023Assets 2024: $129,405Liabilities 2024: $0Net Assets 2024: $129,4052024Assets 2025: $156,285Liabilities 2025: $0Net Assets 2025: $156,2852025

Highlighted filing

2021

Assets$221,318
Liabilities$1,035
Net Assets$220,283
Open 2021 Filing

Operations Trend

Revenue Growth36th percentile

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

$400K$300K$200K$100K$0-$100KRevenue 2012: $136,070Expenses 2012: $119,622Net Income 2012: $16,4482012Revenue 2013: $148,061Expenses 2013: $152,719Net Income 2013: -$4,6582013Revenue 2014: $168,391Expenses 2014: $148,392Net Income 2014: $19,9992014Revenue 2015: $185,825Expenses 2015: $138,882Net Income 2015: $46,9432015Revenue 2016: $189,243Expenses 2016: $178,772Net Income 2016: $10,4712016Revenue 2017: $186,343Expenses 2017: $182,117Net Income 2017: $4,2262017Revenue 2018: $202,721Expenses 2018: $209,034Net Income 2018: -$6,3132018Revenue 2019: $214,755Expenses 2019: $184,022Net Income 2019: $30,7332019Revenue 2020: $213,800Expenses 2020: $202,344Net Income 2020: $11,4562020Revenue 2021: $186,025Expenses 2021: $194,777Net Income 2021: -$8,7522021Revenue 2022: $194,025Expenses 2022: $201,408Net Income 2022: -$7,3832022Revenue 2023: $198,199Expenses 2023: $245,844Net Income 2023: -$47,6452023Revenue 2024: $213,344Expenses 2024: $242,599Net Income 2024: -$29,2552024Revenue 2025: $300,604Expenses 2025: $273,724Net Income 2025: $26,8802025

Highlighted filing

2021

Revenue$186,025
Expenses$194,777
Net Income-$8,752
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Sep 10, 2021
Return Version
2020v4.1
Gross Receipts
$186,025
Mission and Program Overview

Mission

To educate our children by guiding them to explore gods world and discover their place in it and develop their character, intellect and imagination.

The mission of trace academy is to educate our children by guiding them to explore gods world, discover their place in it, and develop their character, intellect, and imagination.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$229,035$221,318▼ $7,717
Rtn Earn Endowment Incm Other Fnds$229,035$220,283▼ $8,752
Total Assets$229,035$221,318▼ $7,717
Liabilities
Other Liabilities-$1,035-
Total Liabilities$0$1,035▲ $1,035
Net Assets / Fund Balance
Total Net Assets Fund Balance$229,035$220,283▼ $8,752
Total Liabilities and Net Assets / Fund Balance$229,035$221,318▼ $7,717
Compensation and Service Providers
Top Officer Pay93rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Shari HepnerHead of SchoolFT$52,259$52,259

Board Members and Trustees

NameTitle
Shaun MurrayChairman
David SudarmaVice President
Amy McgrathBoard Member
Brett DooleyBoard Member
Emily DurhamBoard Member
Hana RymanBoard Member
James CunninghamBoard Member
Michael HartBoard Member
Amanda NetolickyManagement Team
Zuly TalaveraManagement Team
Jess ColeRegistrar
Marianne WhitehillSecretary
Adam SpoolstraTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$530
Program Service Revenue
$182,845
Investment Income
$2,650
Other Revenue
$0
All Other Contributions
$530
Change in Net Assets
$-8,752
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$137,168
Salaries, Compensation, and Employee Benefits$57,609
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$60,000$6,474-$66,474
Current Officers, Directors, Trustees, and Key Employees$53,515--$53,515
All Other Expenses$1,110$14,026-$15,136
Insurance$10,577--$10,577
Office Expenses-$7,647-$7,647
Payroll Taxes$4,094--$4,094
Information Technology-$2,287-$2,287
Other Expenses$1,853$2,536-$1,853
Conferences and Meetings$534$550-$1,084
Fees for Services Accounting-$995-$995
Total Functional Expenses$159,232$35,545$0$194,777
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Taxes$1,035
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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 governing body review Part VI line 11

“No review was or will be conducted”

Governing documents etc available to public Part VI line 19

“Documents are available upon request”

Filing and Contact Details

Filer

Filer Name
Trace Academy Inc
EIN
59-3398298
Address
4200 S CHICKASAW TRAIL, ORLANDO, FL 32829

Signing Officer

Name
Adam Spoolstra
Title
Treasurer
Phone
4073060887
Signed
2021-09-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shaun Murray
Formed
1996
Legal Domicile
Fl
Voting Board Members
6
Independent Board Members
6
Employees
1

Preparer

Firm
Wooten CPA PLLC
Address
10524 Moss Park Rd Ste 204 214, ORLANDO, FL 32832
Preparer
Kenneth Bradford Wooten
Phone
4072438678
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IRS990/PYOtherExpensesAmt0147941
IRS990/PYProgramServiceRevenueAmt0211850
IRS990/PYRevenuesLessExpensesAmt011456
IRS990/PYSalariesCompEmpBnftPaidAmt054403
IRS990/PYTotalExpensesAmt0202344
IRS990/PYTotalRevenueAmt0213800
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IRS990/ReconcilationRevenueExpnssAmt0-8752
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0182845
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0229035
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0220283
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01035
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL TAXES
IRS990ScheduleD/TotalLiabilityAmt01035
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
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO REVIEW WAS OR WILL BE CONDUCTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DOCUMENTS ARE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Governing documents etc available to public Part VI line 19
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IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0229035
IRS990/TotalAssetsEOYAmt0221318
IRS990/TotalAssetsGrp/BOYAmt0229035
IRS990/TotalAssetsGrp/EOYAmt0221318
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0530
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt035545
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0159232
IRS990/TotalFunctionalExpensesGrp/TotalAmt0194777
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IRS990/TotalProgramServiceExpensesAmt0159232
IRS990/TotalProgramServiceRevenueAmt0182845
IRS990/TotalReportableCompFromOrgAmt052259
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0185495
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0186025
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0229035
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0221318
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0TRACEACADEMY.ORG
IRS990/WhistleblowerPolicyInd0false
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ADAM SPOOLSTRA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum04073060887
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-09-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TRACE ACADEMY INC
ReturnHeader/Filer/BusinessNameControlTxt0TRAC
ReturnHeader/Filer/EIN0593398298
ReturnHeader/Filer/USAddress/AddressLine1Txt04200 S CHICKASAW TRAIL
ReturnHeader/Filer/USAddress/CityNm0ORLANDO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd032829
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0834434299
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Wooten CPA PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt010524 Moss Park Rd Ste 204 214
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ORLANDO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd032832
ReturnHeader/PreparerPersonGrp/PhoneNum04072438678
ReturnHeader/PreparerPersonGrp/PreparationDt02021-09-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Kenneth Bradford Wooten
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02021-09-10T10:34:27-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ADAM
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SPOOLSTRA
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$221,318
Liabilities
$1,035
Net assets
$220,283
Revenue
$186,025
Expenses
$194,777
Net income
-$8,752
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.56$0.00$1.56$3.01$2.74$0.27
2024Detailed filing. Detailed filing data is available for this year.$1.29$0.00$1.29$2.13$2.43$0.29
2023Detailed filing. Detailed filing data is available for this year.$1.61$0.02$1.59$1.98$2.46$0.48
2022Detailed filing. Detailed filing data is available for this year.$2.07$0.01$2.06$1.94$2.01$0.07
2021Detailed filing. Detailed filing data is available for this year.$2.21$0.01$2.20$1.86$1.95$0.09
2020Detailed filing. Detailed filing data is available for this year.$2.29$0.00$2.29$2.14$2.02$0.11
2019Detailed filing. Detailed filing data is available for this year.$2.17$0.00$2.17$2.15$1.84$0.31
2018Detailed filing. Detailed filing data is available for this year.$1.86$0.00$1.86$2.03$2.09$0.06
2017Summary only. Only limited summary data is available for this year.$1.93$0.00$1.86$1.82$0.04
2016Summary only. Only limited summary data is available for this year.$2.02$0.14$1.89$1.79$0.10
2015Summary only. Only limited summary data is available for this year.$1.78$0.00$1.86$1.39$0.47
2014Summary only. Only limited summary data is available for this year.$1.31$0.00$1.68$1.48$0.20
2013Summary only. Only limited summary data is available for this year.$1.11$0.00$1.48$1.53$0.05
2012Summary only. Only limited summary data is available for this year.$1.16$0.00$1.36$1.20$0.16