Civic Intelligence

Treasure Valley Classical Academy Inc

EIN 81-4720145 • 501(c)3 • Fruitland, ID

Profile

Public Education.

500 SW 3rd StFruitland, ID 83619

www.tvcacademy.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

96th percentile

1.10x

Higher debt load relative to assets than 96% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Liabilities / Revenue

92nd percentile

3.44x

Higher debt load relative to revenue than 92% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Net Margin

12th percentile

-20%

Higher net margin than 12% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

15th percentile

-6.0%

Faster asset growth than 15% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Revenue Growth

24th percentile

-5.8%

Faster revenue growth than 24% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Assets

Down

$23,680,120

Down $1,503,069 (-6.0%) from 2024

Liabilities

Down

$26,074,813

Down $18,119 (-0.1%) from 2024

Net Assets

Down

-$2,394,693

Down $1,484,950 (-163%) from 2024

Revenue

Down

$7,587,468

Down $463,943 (-5.8%) from 2024

Expenses

Up

$9,072,418

Up $872,626 (+11%) from 2024

Net Income

Down

-$1,484,950

Down $1,336,569 (-901%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0-$10MAssets 2019: $0Liabilities 2019: $0Net Assets 2019: $02019Assets 2020: $896,076Liabilities 2020: $329,258Net Assets 2020: $566,8182020Assets 2021: $1,468,377Liabilities 2021: $1,070,842Net Assets 2021: $397,5352021Assets 2022: $11,465,347Liabilities 2022: $11,815,657Net Assets 2022: -$350,3102022Assets 2023: $12,688,822Liabilities 2023: $13,450,184Net Assets 2023: -$761,3622023Assets 2024: $25,183,189Liabilities 2024: $26,092,932Net Assets 2024: -$909,7432024Assets 2025: $23,680,120Liabilities 2025: $26,074,813Net Assets 2025: -$2,394,6932025

Highlighted filing

2025

Assets$23,680,120
Liabilities$26,074,813
Net Assets-$2,394,693

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2019: $0Expenses 2019: $0Net Income 2019: $02019Revenue 2020: $3,334,906Expenses 2020: $2,768,088Net Income 2020: $566,8182020Revenue 2021: $4,795,917Expenses 2021: $4,965,200Net Income 2021: -$169,2832021Revenue 2022: $5,245,009Expenses 2022: $5,212,032Net Income 2022: $32,9772022Revenue 2023: $5,987,208Expenses 2023: $6,398,260Net Income 2023: -$411,0522023Revenue 2024: $8,051,411Expenses 2024: $8,199,792Net Income 2024: -$148,3812024Revenue 2025: $7,587,468Expenses 2025: $9,072,418Net Income 2025: -$1,484,9502025

Highlighted filing

2025

Revenue$7,587,468
Expenses$9,072,418
Net Income-$1,484,950

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Oct 14, 2025
Return Version
2024v5.2
Gross Receipts
$7,587,468
Mission and Program Overview

Mission

Public Education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,845,333$15,471,621▲ $7,626,288
Savings and Temporary Cash Investments$13,408,681$6,097,249▼ $7,311,432
Cash and Non-Interest-Bearing Accounts$1,464,697$658,104▼ $806,593
Pledges and Grants Receivable$1,006,639$311,470▼ $695,169
Prepaid Expenses and Deferred Charges$26,998$26,998→ $0
Accounts Receivable-$0-
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-
Total Assets$25,183,189$23,680,120▼ $1,503,069
Other Assets Total$1,430,841$1,114,678▼ $316,163
Liabilities
Tax Exempt Bond Liabilities$20,505,653$20,531,060▲ $25,407
Other Liabilities$2,741,676$2,998,153▲ $256,477
Mortgage Notes Payable Secured by Investment Property$1,885,000$1,885,000→ $0
Accounts Payable and Accrued Expenses$454,608$526,543▲ $71,935
Deferred Revenue$505,995$134,057▼ $371,938
Total Liabilities$26,092,932$26,074,813▼ $18,119
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-909,743$-2,394,693▼ $1,484,950
Total Net Assets Fund Balance$-909,743$-2,394,693▼ $1,484,950
Total Liabilities and Net Assets / Fund Balance$25,183,189$23,680,120▼ $1,503,069

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$14,400,751$241,060$14,641,811
Land$900,000-$900,000
Equipment$170,870$75,272$246,142
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Stephen LambertExecutive DirectorFT$142,500$18,646$161,146
Jennifer MarshallAdministratorFT$76,383$9,995$86,378
Stephen PhilabaumAdministratorFT$71,322$9,332$80,654

Board Members and Trustees

NameTitle
Marv LasnickChair
Travis EvendenVice President
Ann FreiMember
Emma NelsonMember
Kevin FugateMember
Stacy SaylorMember
Revenue and Support

Revenue Composition

Contributions and Grants
$7,141,111
Program Service Revenue
$0
Investment Income
$446,357
Other Revenue
$0
All Other Contributions
$789,215
Change in Net Assets
$-1,484,950

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,587,468
Total Revenue per Audited Statements
$7,587,468
Total Revenue per Form 990
$7,587,468
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,657,241
Other Expenses$3,415,177
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,035,621--$4,035,621
Interest$1,036,875--$1,036,875
Pension Plan Contributions$493,473$35,727-$529,200
Other Employee Benefits$458,736$31,036-$489,772
Payroll Taxes$308,725$20,887-$329,612
Current Officers, Directors, Trustees, and Key Employees-$273,036-$273,036
Occupancy$176,453$19,606-$196,059
Depreciation Depletion$145,144--$145,144
Insurance$59,611$6,624-$66,235
Other Expenses$53,199$155,399-$53,199
Fees for Services Accounting-$13,612-$13,612
Fees for Services Legal-$11,604-$11,604
Total Functional Expenses$8,504,887$567,531$0$9,072,418

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$9,072,418
Total Expenses per Audited Statements$9,072,418
Total Expenses per Form 990$9,072,418
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
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
Net Pension Liability$2,944,702
Deferred Inflows - Pension Sources$53,451

Bond Issues

BondIssuerIssuedIssue PricePurpose
BTreasure Valley Classical2024-06-25$14,390,000Facilities Acquisition
ATreasure Valley Classical2024-04-02$7,005,000Facilities Acquisition

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
B$13,682,182--$261,803
A$6,847,978--$128,536

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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
Yes
Other officer compensation reviewed
Yes
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, Section B, Line 11B

Form 990 is reviewed by designated finance personnel and the governing board prior to filing.

Form 990, Part VI, Section B, Line 12C

Monitoring and enforcing of potential conflicts of interest is performed by employees and board members disclosing annually whether any potential conflicts of interest exist.

Form 990, Part VI, Section B, Line 15B

All salaries, including those for management and key personnel, are integrated with the state salary funding formula and are independently reviewed, approved, and documented.

Form 990, Part VI, Section C, Line 19

Public information documents are made available either on the website or upon request.

Filing and Contact Details

Filer

Filer Name
Treasure Valley Classical Academy Inc
EIN
81-4720145
Phone
2087794088
Address
500 SW 3rd St, Fruitland, ID 83619

Signing Officer

Name
Marv Lasnick
Title
Chair
Signed
2025-10-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marv Lasnick
Formed
2016
Legal Domicile
Id
Voting Board Members
6
Independent Board Members
6
Employees
134
Volunteers
6

Preparer

Firm
Quest Cpas Pllc
Address
1740 E FAIRVIEW AVE 1116, MERIDIAN, ID 83642
Preparer
Timothy M Hoyt
Phone
2086421417
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0155399
IRS990/OtherExpensesGrp/ProgramServicesAmt01398587
IRS990/OtherExpensesGrp/ProgramServicesAmt1175145
IRS990/OtherExpensesGrp/ProgramServicesAmt2163318
IRS990/OtherExpensesGrp/ProgramServicesAmt353199
IRS990/OtherExpensesGrp/TotalAmt01553986
IRS990/OtherExpensesGrp/TotalAmt1175145
IRS990/OtherExpensesGrp/TotalAmt2163318
IRS990/OtherExpensesGrp/TotalAmt353199
IRS990/OtherLiabilitiesGrp/BOYAmt02741676
IRS990/OtherLiabilitiesGrp/EOYAmt02998153
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt04035621
IRS990/OtherSalariesAndWagesGrp/TotalAmt04035621
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt020887
IRS990/PayrollTaxesGrp/ProgramServicesAmt0308725
IRS990/PayrollTaxesGrp/TotalAmt0329612
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt035727
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0493473
IRS990/PensionPlanContributionsGrp/TotalAmt0529200
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01006639
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0311470
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt026998
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt026998
IRS990/PrincipalOfficerNm0Marv Lasnick
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt08041409
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt010002
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt03597982
IRS990/PYRevenuesLessExpensesAmt0-148381
IRS990/PYSalariesCompEmpBnftPaidAmt04601810
IRS990/PYTotalExpensesAmt08199792
IRS990/PYTotalRevenueAmt08051411
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-1484950
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt013408681
IRS990/SavingsAndTempCashInvstGrp/EOYAmt06097249
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt014400751
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0241060
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt014641811
IRS990ScheduleD/EquipmentGrp/BookValueAmt0170870
IRS990ScheduleD/EquipmentGrp/DepreciationAmt075272
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0246142
IRS990ScheduleD/ExpensesSubtotalAmt09072418
IRS990ScheduleD/LandGrp/BookValueAmt0900000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0900000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt053451
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12944702
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Deferred Inflows - Pension Sources
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Net Pension Liability
IRS990ScheduleD/RevenueSubtotalAmt07587468
IRS990ScheduleD/TotalBookValueLandBuildingsAmt015471621
IRS990ScheduleD/TotalExpensesPerForm990Amt09072418
IRS990ScheduleD/TotalLiabilityAmt02998153
IRS990ScheduleD/TotalRevenuePerForm990Amt07587468
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07587468
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt09072418
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0As a state chartered public school policy communications are the same as required for traditional public school districts and are accomplished during admissions and through ongoing publications.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1The school is a state chartered public school and receives substantially all of its support from the Idaho State Department of Education.
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
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc3Schedule E, Line 6 - Explanation of Aid or Assistance from Governmental Agency
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0142500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt018646
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Stephen Lambert
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Executive Dir.
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0161146
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd1B
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd0false
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd1false
IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt04/2/24 bond proceeds were $157,022 less than the issue price due to the bond discount.6/25/24 bond proceeds were $707,818 less than the issue price due to the bond discount.The date the last rebate computations were performed was 3/7/2025. No rebate due.
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc0Part VI
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd0true
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd1true
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd1false

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