Civic Intelligence

Trace Academy Inc.

990 • Fiscal year 2022 • EIN 59-3398298

Jul 01, 2021 to Jun 30, 2022 • Filed on May 14, 2023

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

63rd percentile

0.01x

Higher debt load relative to assets than 63% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

63rd percentile

0.01x

Higher debt load relative to revenue than 63% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

33rd percentile

-3.8%

Higher net margin than 33% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

94th percentile

$58,645

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 30.2% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

36th percentile

-6.3%

Faster asset growth than 36% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

45th percentile

4.3%

Faster revenue growth than 45% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$207,415

Down $13,903 (-6.3%) from 2021

Net Assets

Down

$206,305

Down $13,978 (-6.3%) from 2021

Liabilities

Up

$1,110

Up $75 (+7.2%) from 2021

Revenue

Up

$194,025

Up $8,000 (+4.3%) from 2021

Expenses

Up

$201,408

Up $6,631 (+3.4%) from 2021

Net Income

Up

-$7,383

Up $1,369 (+16%) from 2021

Historical Trend

Balance Sheet Trend

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

2022

Assets$207,415
Liabilities$1,110
Net Assets$206,305

Operations Trend

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

2022

Revenue$194,025
Expenses$201,408
Net Income-$7,383
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 14, 2023
Return Version
2021v4.2
Gross Receipts
$194,025
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 and discover their place in it

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$221,318$207,415▼ $13,903
Rtn Earn Endowment Incm Other Fnds$220,283$206,305▼ $13,978
Total Assets$221,318$207,415▼ $13,903
Liabilities
Other Liabilities$1,035$1,110▲ $75
Total Liabilities$1,035$1,110▲ $75
Net Assets / Fund Balance
Total Net Assets Fund Balance$220,283$206,305▼ $13,978
Total Liabilities and Net Assets / Fund Balance$221,318$207,415▼ $13,903
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Shari HepnerHead of SchoolFT$58,645$58,645

Board Members and Trustees

NameTitle
Shaun MurrayChairman
David SudarmaPresident
Amy McgrathBoard Member
Brett DooleyBoard Member
Candice SharpeBoard Member
Matthew McintireBoard Member
Shannon HeadBoard Member
Daniele McfeeManagement Team
Dawn FloodManagement Team
Amanda NetolickyRegistrar
Marianne WhitehillSecretary
Adam SpoolstraTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$808
Program Service Revenue
$193,213
Investment Income
$4
Other Revenue
$0
All Other Contributions
$808
Change in Net Assets
$-7,383
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$138,292
Salaries, Compensation, and Employee Benefits$63,116
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$66,000$5,369-$71,369
Current Officers, Directors, Trustees, and Key Employees$58,645--$58,645
Insurance$11,900--$11,900
Other Expenses$10,922--$10,922
Office Expenses-$7,726-$7,726
Payroll Taxes$4,471--$4,471
Information Technology-$2,474-$2,474
Fees for Services Accounting-$400-$400
Total Functional Expenses$185,439$15,969$0$201,408
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$1,110
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
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

Part VI Line 11B

No review was or will be conducted

Part VI Line 19

Documents are available upon request

Filing and Contact Details

Filer

Filer Name
Trace Academy Inc
EIN
59-3398298
In Care Of
% Adam Spoolstra
Phone
4073060887
Address
4200 S Chickasaw Trail, Orlando, FL 32829

Signing Officer

Name
Adam Spoolstra
Title
Treasurer
Phone
9137027064
Signed
2023-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shaun Murray
Formed
1996
Legal Domicile
Fl
Voting Board Members
8
Independent Board Members
8
Employees
1

Preparer

Firm
Spoolstra CPA PLLC
Address
618 E South St, Suite 500, Orlando, FL 32801
Preparer
Adam D Spoolstra
Phone
4077451986
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO REVIEW WAS OR WILL BE CONDUCTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DOCUMENTS ARE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part VI Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Part VI Line 19
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0221318
IRS990/TotalAssetsEOYAmt0207415
IRS990/TotalAssetsGrp/BOYAmt0221318
IRS990/TotalAssetsGrp/EOYAmt0207415
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0808
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt015969
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0185439
IRS990/TotalFunctionalExpensesGrp/TotalAmt0201408
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01035
IRS990/TotalLiabilitiesEOYAmt01110
IRS990/TotalLiabilitiesGrp/BOYAmt01035
IRS990/TotalLiabilitiesGrp/EOYAmt01110
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0220283
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0206305
IRS990/TotalProgramServiceExpensesAmt0185439
IRS990/TotalProgramServiceRevenueAmt0193213
IRS990/TotalReportableCompFromOrgAmt058645
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0193217
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0194025
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0221318
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0207415
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04200 S Chickasaw Trail
IRS990/USAddress/CityNm0Orlando
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd032829
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0http://traceacademy.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ADAM SPOOLSTRA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum09137027064
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Trace Academy Inc
ReturnHeader/Filer/BusinessNameControlTxt0TRAC
ReturnHeader/Filer/EIN0593398298
ReturnHeader/Filer/InCareOfNm0% Adam Spoolstra
ReturnHeader/Filer/PhoneNum04073060887
ReturnHeader/Filer/USAddress/AddressLine1Txt04200 S Chickasaw Trail
ReturnHeader/Filer/USAddress/CityNm0Orlando
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd032829
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0873559658
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Spoolstra CPA PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0618 E South St
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine2Txt0Suite 500
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Orlando
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd032801
ReturnHeader/PreparerPersonGrp/PhoneNum04077451986
ReturnHeader/PreparerPersonGrp/PreparationDt02023-05-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ADAM D SPOOLSTRA
ReturnHeader/ReturnTs02023-05-14T05:26:55-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ADAM
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SPOOLSTRA
ReturnHeader/TaxPeriodBeginDt02021-07-01
ReturnHeader/TaxPeriodEndDt02022-06-30
ReturnHeader/TaxYr02021

Document Assets

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Filings

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