Civic Intelligence

Two Rivers Classical Academy

990 • Fiscal year 2020 • EIN 83-0897920

Jul 01, 2019 to Jun 30, 2020 • Filed on Aug 26, 2020

Organization ProfileTWORIVERSCLASSICAL.ORG
1303 NW 93rd CourtClive, IA 50325-6225

(515) 868-0213

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.80x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

94th percentile

1.03x

Higher debt load relative to revenue than 94% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

77th percentile

28%

Higher net margin than 77% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

96th percentile

416%

Faster asset growth than 96% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

99th percentile

1613%

Faster revenue growth than 99% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Up

$266,725

Up $215,044 (+416%) from 2019

Net Assets

Up

$53,820

Up $57,768 (+1463%) from 2019

Liabilities

Up

$212,905

Up $157,276 (+283%) from 2019

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin77th percentile

Revenue

Up

$206,554

Up $194,499 (+1613%) from 2019

Expenses

Up

$148,786

Up $132,783 (+830%) from 2019

Net Income

Up

$57,768

Up $61,716 (+1563%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth96th percentile

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

$1.5M$1.0M$500K$0-$500KAssets 2019: $51,681Liabilities 2019: $55,629Net Assets 2019: -$3,9482019Assets 2020: $266,725Liabilities 2020: $212,905Net Assets 2020: $53,8202020Assets 2021: $536,489Liabilities 2021: $388,700Net Assets 2021: $147,7892021Assets 2022: $1,168,035Liabilities 2022: $909,289Net Assets 2022: $258,7462022Assets 2023: $946,969Liabilities 2023: $540,072Net Assets 2023: $406,8972023Assets 2024: $1,221,267Liabilities 2024: $611,299Net Assets 2024: $609,9682024Assets 2025: $741,877Liabilities 2025: $160,167Net Assets 2025: $581,7102025

Highlighted filing

2020

Assets$266,725
Liabilities$212,905
Net Assets$53,820
Open 2020 Filing

Operations Trend

Revenue Growth99th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2019: $12,055Expenses 2019: $16,003Net Income 2019: -$3,9482019Revenue 2020: $206,554Expenses 2020: $148,786Net Income 2020: $57,7682020Revenue 2021: $458,355Expenses 2021: $372,857Net Income 2021: $85,4982021Revenue 2022: $762,929Expenses 2022: $650,617Net Income 2022: $112,3122022Revenue 2023: $988,132Expenses 2023: $832,398Net Income 2023: $155,7342023Revenue 2024: $1,296,635Expenses 2024: $1,093,659Net Income 2024: $202,9762024Revenue 2025: $1,232,434Expenses 2025: $1,216,319Net Income 2025: $16,1152025

Highlighted filing

2020

Revenue$206,554
Expenses$148,786
Net Income$57,768
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Aug 26, 2020
Return Version
2019v5.1
Gross Receipts
$206,554
Mission and Program Overview

Mission

Organize and assemble the staff, facilities, and programs for Two Rivers Classical Academy and its activities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$51,681$220,930▲ $169,249
Accounts Receivable-$25,695-
Prepaid Expenses and Deferred Charges-$500-
Total Assets$51,681$266,725▲ $215,044
Other Assets Total-$19,600-
Liabilities
Deferred Revenue$55,629$184,785▲ $129,156
Other Liabilities-$22,500-
Accounts Payable and Accrued Expenses-$5,620-
Total Liabilities$55,629$212,905▲ $157,276
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-3,948$52,650▲ $56,598
Net Assets With Donor Restrictions-$1,170-
Total Net Assets Fund Balance$-3,948$53,820▲ $57,768
Total Liabilities and Net Assets / Fund Balance$51,681$266,725▲ $215,044

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$19,600--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$0$1,170--$1,170
2018$0---$0
2017$0---$0
2016$0---$0
2015$0---$0
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

NameTitle
Zach DietrichDirector and President
Nathan OppmanDirector
Andrew KarasDirector and Secretary
Andrew FogleDirector and Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$23,799
Program Service Revenue
$182,750
Investment Income
$5
Other Revenue
$0
All Other Contributions
$23,799
Change in Net Assets
$57,768

Noncash Contribution Practices

Property subject to holding requirements
Yes
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Works of Art6$19,600Appraised Value
Total Noncash Contributions6$19,600-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$148,786
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$90,667$20,711$0$111,378
Occupancy$5,131$0$0$5,131
Advertising$2,449$0$0$2,449
Insurance$2,296$0$0$2,296
Other Expenses$1,277$0$0$1,277
All Other Expenses$826$0$0$826
Travel$212$0$0$212
Total Functional Expenses$126,225$22,561$0$148,786
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
Ppp Loan Payable$22,500
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
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
Filing and Contact Details

Filer

Filer Name
Two Rivers Classical Academy
EIN
83-0897920
Phone
5158680213
Address
1303 NW 93RD COURT, CLIVE, IA 50325-6225

Signing Officer

Name
Andrew Karas
Title
President
Phone
5158680213
Signed
2020-08-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Andrew Karas
Formed
2018
Legal Domicile
Ia
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
50

Preparer

Firm
Delmar R Mohler CPA
Address
2455 Scenic Valley Dr, West Des Moines, IA 50265-7707
Preparer
Delmar R Mohler CPA
Phone
5152827250
Supplemental Narrative

Additional Explanations

Pt VI, Line 15A

“Each member of the board of directors serves as a volunteer without compensation.”

Pt VI, Line 15B

“The school does not have any officers other than the board members nor does it have any key employees.”

Pt VI, Line 11B

“A draft of the 2019 irs form 990 was delivered to the board of directors for their review and approval. Upon their approval, the secretary signed and delivered the 2019 irs form 8879-eo authorizing the preparer to file the 2019 irs form 990 electronically with the irs.”

Pt VI, Line 12C

“The two rivers classical academy conflict of interest policy applies to all of the members of its board of directors, officers, employees and volunteers as each one is an interested party. Any interested party is required to disclose the existance of any actual, potential, or perceived conflict of interest as soon as the possibility of a conflict of interest is identified to the board of directors for their review, assessment, and potential action. In addition, each year each interested party is required to affirm with a written statement that they have received a copy of the conflict of interest policy, read and understand the policy, agree to comply with the policy, and affirm that they complied with the conflict of interest policy.”

Pt VI, Line 19

“Two rivers classical academy makes its governing two rivers classical academy makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. During its fiscal year ended june 30, 2020, no requests for such information were received.”

Financial Statement Notes

Pt III, Line 4

“A donation of six pieces of art work were received that will be displayed for the benefit and edification of the students and friends of two rivers classical academy.”

Pt V, Line 4

“A donation was received designated for the purchase of items that had not been acquired at the year ended june 30, 2020.”

Raw XML Appendix389 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1A DONATION WAS RECEIVED DESIGNATED FOR THE PURCHASE OF ITEMS THAT HAD NOT BEEN ACQUIRED AT THE YEAR ENDED JUNE 30, 2020.
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE TWO RIVERS CLASSICAL ACADEMY STATEMENT OF ITS RACIALLY NONDISCRIMINATORY POLICY APPEARS ON THE FIRST PAGE OF ITS WEBSITE AT TWORIVERSCLASSICAL.ORG AND PROMINENTLY IN ALL PUBLISHED MATERIALS. NO ADDITIONAL INFORMATION REQUIRED.
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IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0SIX PAINTING WERE RECEIVED FOR DISPLAY THAT TOW RIVERS CLASSICAL ACADEMY WILL RETAIN FOR AT LEAST THREE YEARS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EACH MEMBER OF THE BOARD OF DIRECTORS SERVES AS A VOLUNTEER WITHOUT COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL DOES NOT HAVE ANY OFFICERS OTHER THAN THE BOARD MEMBERS NOR DOES IT HAVE ANY KEY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A DRAFT OF THE 2019 IRS FORM 990 WAS DELIVERED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW AND APPROVAL. UPON THEIR APPROVAL, THE SECRETARY SIGNED AND DELIVERED THE 2019 IRS FORM 8879-EO AUTHORIZING THE PREPARER TO FILE THE 2019 IRS FORM 990 ELECTRONICALLY WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE TWO RIVERS CLASSICAL ACADEMY CONFLICT OF INTEREST POLICY APPLIES TO ALL OF THE MEMBERS OF ITS BOARD OF DIRECTORS, OFFICERS, EMPLOYEES AND VOLUNTEERS AS EACH ONE IS AN INTERESTED PARTY. ANY INTERESTED PARTY IS REQUIRED TO DISCLOSE THE EXISTANCE OF ANY ACTUAL, POTENTIAL, OR PERCEIVED CONFLICT OF INTEREST AS SOON AS THE POSSIBILITY OF A CONFLICT OF INTEREST IS IDENTIFIED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW, ASSESSMENT, AND POTENTIAL ACTION. IN ADDITION, EACH YEAR EACH INTERESTED PARTY IS REQUIRED TO AFFIRM WITH A WRITTEN STATEMENT THAT THEY HAVE RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, READ AND UNDERSTAND THE POLICY, AGREE TO COMPLY WITH THE POLICY, AND AFFIRM THAT THEY COMPLIED WITH THE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TWO RIVERS CLASSICAL ACADEMY MAKES ITS GOVERNING TWO RIVERS CLASSICAL ACADEMY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. DURING ITS FISCAL YEAR ENDED JUNE 30, 2020, NO REQUESTS FOR SUCH INFORMATION WERE RECEIVED.
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Delmar R Mohler CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02455 Scenic Valley Dr
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0West Des Moines
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ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$266,725
Liabilities
$212,905
Net assets
$53,820
Revenue
$206,554
Expenses
$148,786
Net income
$57,768
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.74$0.16$0.58$1.23$1.22$0.02
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.22$0.61$0.61$1.30$1.09$0.20
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.95$0.54$0.41$0.99$0.83$0.16
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.17$0.91$0.26$0.76$0.65$0.11
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.54$0.39$0.15$0.46$0.37$0.09
2020Detailed filing. Detailed filing data is available for this year.$0.27$0.21$0.05$0.21$0.15$0.06
2019Detailed filing. Detailed filing data is available for this year.$0.05$0.06$0.00$0.01$0.02$0.00