Civic Intelligence

Tbca Inc DBA Trinity Christian Academy

990 • Fiscal year 2018 • EIN 75-2575760

Jun 01, 2017 to May 31, 2018 • Filed on Feb 20, 2019

4954 E I-20 Service Rd SouthWillow Park, TX 76087

(817) 441-7901

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Flat

$14,674,035

Flat from 2018

Net Assets

Flat

$5,244,667

Flat from 2018

Liabilities

Flat

$9,429,368

Flat from 2018

Revenue And Expenses

Revenue

Flat

$5,955,998

Flat from 2018

Expenses

Flat

$4,841,797

Flat from 2018

Net Income

Flat

$1,114,201

Flat from 2018

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2017: $12,826,986Liabilities 2017: $8,696,520Net Assets 2017: $4,130,4662017Assets 2018: $14,674,035Liabilities 2018: $9,429,368Net Assets 2018: $5,244,6672018Assets 2018: $14,674,035Liabilities 2018: $9,429,368Net Assets 2018: $5,244,6672018Assets 2019: $15,759,352Liabilities 2019: $9,916,257Net Assets 2019: $5,843,0952019Assets 2020: $17,525,233Liabilities 2020: $10,938,609Net Assets 2020: $6,586,6242020Assets 2021: $18,845,116Liabilities 2021: $10,698,404Net Assets 2021: $8,146,7122021Assets 2022: $22,873,675Liabilities 2022: $13,866,408Net Assets 2022: $9,007,2672022Assets 2023: $24,010,768Liabilities 2023: $15,235,104Net Assets 2023: $8,775,6642023Assets 2024: $23,067,960Liabilities 2024: $15,108,544Net Assets 2024: $7,959,4162024

Highlighted filing

2018

Assets$14,674,035
Liabilities$9,429,368
Net Assets$5,244,667

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2017: $4,112,707Expenses 2017: $4,183,269Net Income 2017: -$70,5622017Revenue 2018: $5,955,998Expenses 2018: $4,841,797Net Income 2018: $1,114,2012018Revenue 2018: $5,955,998Expenses 2018: $4,841,797Net Income 2018: $1,114,2012018Revenue 2019: $5,842,272Expenses 2019: $5,243,844Net Income 2019: $598,4282019Revenue 2020: $6,401,890Expenses 2020: $5,658,361Net Income 2020: $743,5292020Revenue 2021: $7,506,492Expenses 2021: $5,946,404Net Income 2021: $1,560,0882021Revenue 2022: $8,030,191Expenses 2022: $7,169,636Net Income 2022: $860,5552022Revenue 2023: $8,224,733Expenses 2023: $8,456,336Net Income 2023: -$231,6032023Revenue 2024: $8,272,051Expenses 2024: $9,088,299Net Income 2024: -$816,2482024

Highlighted filing

2018

Revenue$5,955,998
Expenses$4,841,797
Net Income$1,114,201
Jump To
Filing Snapshot
Filing Period
Jun 1, 2017 to May 31, 2018
Signed
Feb 20, 2019
Return Version
2017v2.2
Gross Receipts
$6,137,247
Mission and Program Overview

Mission

The mission of Trinity Christian Academy is to provide a high quality Christian education and to foster academic advancement, intelligence, spiritual and moral development and personal growth in its students. The Academy's educational goals are designed to not only prepare students for college, but to also encourage thoughtful analysis, teach problem solving skills and promote lasting values that will follow them through their entire lives.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$8,587,594$9,240,690▲ $653,096
Accounts Receivable$3,404,342$4,165,916▲ $761,574
Cash and Non-Interest-Bearing Accounts$775,635$712,339▼ $63,296
Pledges and Grants Receivable-$500,000-
Savings and Temporary Cash Investments$55,042$55,090▲ $48
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$12,826,986$14,674,035▲ $1,847,049
Other Assets Total$4,373$0▼ $4,373
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,638,872$4,530,206▼ $108,666
Deferred Revenue$3,369,946$4,137,246▲ $767,300
Accounts Payable and Accrued Expenses$419,766$525,162▲ $105,396
Other Liabilities$267,936$236,754▼ $31,182
Total Liabilities$8,696,520$9,429,368▲ $732,848
Net Assets / Fund Balance
Unrestricted Net Assets$4,051,823$5,178,476▲ $1,126,653
Permanently Rstr Net Assets$55,042$55,090▲ $48
Temporarily Rstr Net Assets$23,601$11,101▼ $12,500
Total Net Assets Fund Balance$4,130,466$5,244,667▲ $1,114,201
Total Liabilities and Net Assets / Fund Balance$12,826,986$14,674,035▲ $1,847,049

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,303,200$1,710,032$9,013,232
Land$1,231,091-$1,231,091
Leasehold Improvements$468,141$208,704$676,845
Other Land Buildings$100,696$277,383$378,079
Equipment$137,562$221,433$358,995

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$55,042-▲ $48-$55,090
2016$55,036-▲ $6-$55,042
2015-$55,000▲ $36-$55,036
Compensation and Service Providers

Board Members and Trustees

NameTitle
John LudwigPresident
Tish StanfieldVice President
Amy KaarlelaTrustee
Bert ThompsonTrustee
Courtney KuykendallTrustee
Claudia FloydSecretary
Matt BakerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,490,242
Program Service Revenue
$4,190,819
Investment Income
$4,168
Other Revenue
$270,769
All Other Contributions
$1,490,242
Change in Net Assets
$1,114,201
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,243,827
Other Expenses$1,590,470
Grants and Similar Amounts Paid$7,500
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,363,484$410,480-$2,773,964
Depreciation Depletion$296,880$32,987-$329,867
Occupancy$129,847$160,088-$289,935
Other Employee Benefits$221,746$38,520-$260,266
Payroll Taxes$178,577$31,020-$209,597
Interest-$209,436-$209,436
All Other Expenses$45,450$78,568-$124,018
Fees for Services Other-$71,702-$71,702
Insurance-$60,280-$60,280
Information Technology$32,933$22,802-$55,735
Advertising-$53,947-$53,947
Other Expenses$40,795$47,416-$40,795
Office Expenses-$28,022-$28,022
Grants to Domestic Individuals$7,500--$7,500
Fees for Services Accounting-$6,450-$6,450
Total Functional Expenses$3,590,079$1,251,718$0$4,841,797
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$448,913
Fundraising Direct Expenses$181,249
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundraiser$448,913$448,913$181,249$267,664
Total Events$448,913$448,913$181,249$267,664
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Prepaid Tuition & Fees$188,150
Student Club Accounts$45,802
Other Current Liabilities$2,797
Payroll Liabilities$5
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
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
Yes
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, Part VI, Line 11B: Form 990 Review Process

The Head of School and the Business Administrator prepare the form with the assistance of our CPA. A summation is then presented to the entire school board.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

On an annual basis the Head of School is given a performance evaluation by the entire School Board. The Board gathers information through interviews with top level administrators, analysis of pre-determined metrics, and direct conversations with the Head of School. The Board then convenes, discusses the information gathered, and puts together an evaluation report. At that point the Board President will schedule a meeting with the Head of School to discuss the evaluation, and provide recommendations and direction as needed.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

As a private school, documents are not available to the public at large.

Filing and Contact Details

Filer

Filer Name
Tbca Inc
EIN
75-2575760
Phone
8174417901
Address
4954 E I-20 SERVICE RD SOUTH, WILLOW PARK, TX 76087

Signing Officer

Name
Gary Squyres
Title
Business Manager
Signed
2019-02-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Ludwig
Formed
1994
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
7
Employees
109
Volunteers
125

Preparer

Firm
Coburn & Walker Cpas Pc
Address
3115 FORT WORTH HWY, WEATHERFORD, TX 76087-8721
Preparer
Jerry L Walker CPA
Phone
8176130384
Supplemental Narrative

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

The Academy owns a certificate of deposit which is restricted for use as an endowment fund. As of 5/31/18, this endowment fund CD has a balance of $55,090, bears interest at 0.05% and matures every 30 days. There are currently no intended uses for the Endowment Fund. As the balance grows over time, a committee will be formed to determine intended uses.

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IRS990/OtherExpensesGrp/ProgramServicesAmt240795
IRS990/OtherExpensesGrp/TotalAmt0155524
IRS990/OtherExpensesGrp/TotalAmt1117343
IRS990/OtherExpensesGrp/TotalAmt247416
IRS990/OtherExpensesGrp/TotalAmt340795
IRS990/OtherLiabilitiesGrp/BOYAmt0267936
IRS990/OtherLiabilitiesGrp/EOYAmt0236754
IRS990/OtherRevenueMiscGrp/BusinessCd0611710
IRS990/OtherRevenueMiscGrp/Desc0Miscellaneous Income
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt03105
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt03105
IRS990/OtherRevenueTotalAmt03105
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0410480
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02363484
IRS990/OtherSalariesAndWagesGrp/TotalAmt02773964
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt031020
IRS990/PayrollTaxesGrp/ProgramServicesAmt0178577
IRS990/PayrollTaxesGrp/TotalAmt0209597
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt055042
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt055090
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0500000
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0John Ludwig
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/BusinessCd2611600
IRS990/ProgramServiceRevenueGrp/Desc0Activity & Club Income
IRS990/ProgramServiceRevenueGrp/Desc1Extended Care Fees
IRS990/ProgramServiceRevenueGrp/Desc2Tuition & Enrollment
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt069415
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt129246
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt24092158
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt069415
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt129246
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt24092158
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0341417
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt01060
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01437725
IRS990/PYOtherRevenueAmt0107641
IRS990/PYProgramServiceRevenueAmt03662589
IRS990/PYRevenuesLessExpensesAmt0-70562
IRS990/PYSalariesCompEmpBnftPaidAmt02745544
IRS990/PYTotalExpensesAmt04183269
IRS990/PYTotalRevenueAmt04112707
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt01114201
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt04190819
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt055042
IRS990/SavingsAndTempCashInvstGrp/EOYAmt055090
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt07303200
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01710032
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt09013232
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt055042
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt055090
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt048
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt055036
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt055042
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt06
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt055000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt055036
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt036
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0137562
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0221433
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0358995
IRS990ScheduleD/LandGrp/BookValueAmt01231091
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01231091
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0468141
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0208704
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0676845
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0100696
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0277383
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0378079
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02797
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt15
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2188150
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt345802
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Other Current Liabilities
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Payroll Liabilities
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Prepaid Tuition & Fees
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Student Club Accounts
IRS990ScheduleD/RelatedOrgListSchRInd0false
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Academy owns a certificate of deposit which is restricted for use as an endowment fund. As of 5/31/18, this endowment fund CD has a balance of $55,090, bears interest at 0.05% and matures every 30 days. There are currently no intended uses for the Endowment Fund. As the balance grows over time, a committee will be formed to determine intended uses.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4: Intended uses of the endowment fund.
IRS990ScheduleD/TotalBookValueLandBuildingsAmt09240690
IRS990ScheduleD/TotalLiabilityAmt0236754
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
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0The racially nondisciminatory policy for T.B.C.A. Inc. is found in all of the student registration paperwork, as well as being published on the school's website.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Line 4 - Explanation of Records and Materials Not Maintained
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Line 5 - Explanation of Organization Discrimination by Race
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0181249
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Fundraiser
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0448913
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0448913
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0448913
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0448913
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0267664
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt0181249
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0181249
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt07500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0College Scholarships
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt06

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