Civic Intelligence

Telos Classical Foundation

990 • Fiscal year 2023 • EIN 87-3800742

Jul 01, 2022 to Jun 30, 2023 • Filed on May 15, 2024

Organization ProfileWWW.TELOSCLASSICALACADEMY.ORG
7375 Silver Creek RoadPark City, UT 84098

(617) 512-0714

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.86x

Higher debt load relative to assets than 93% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.05x

Higher debt load relative to revenue than 59% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

68th percentile

15%

Higher net margin than 68% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

58th percentile

$15,162

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Balance Sheet
Liabilities / Assets93rd percentile

Assets

$42,230

No earlier filing loaded for comparison.

Net Assets

$6,067

No earlier filing loaded for comparison.

Liabilities

$36,163

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin68th percentile

Revenue

$803,257

No earlier filing loaded for comparison.

Expenses

$680,688

No earlier filing loaded for comparison.

Net Income

$122,569

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$600K$400K$200K$0Assets 2023: $42,230Liabilities 2023: $36,163Net Assets 2023: $6,0672023Assets 2024: $300,935Liabilities 2024: $79,832Net Assets 2024: $221,1032024Assets 2025: $477,976Liabilities 2025: $139,891Net Assets 2025: $338,0852025

Highlighted filing

2023

Assets$42,230
Liabilities$36,163
Net Assets$6,067
Open 2023 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.5M$1.0M$500K$0Revenue 2023: $803,257Expenses 2023: $680,688Net Income 2023: $122,5692023Revenue 2024: $1,080,318Expenses 2024: $870,291Net Income 2024: $210,0272024Revenue 2025: $1,125,508Expenses 2025: $1,008,526Net Income 2025: $116,9822025

Highlighted filing

2023

Revenue$803,257
Expenses$680,688
Net Income$122,569
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 15, 2024
Return Version
2022v5.0
Gross Receipts
$803,257
Mission and Program Overview

Mission

Our mission is to develop students lifelong habit of moral and intellectual virtue with the aim of growing in knowledge and love of god and neighbor

The mission of telos classical foundation is to develop student's academic potential and purpose by nurturing their mind, soul, and body, empowering them to pursue wisdom and virtue for the rest of their lives. Telos classical foundation will aim to educate children in kindergarten through 8th grade using a classical curriculum that includes latin, math, literature, grammar, penmanship, writing, logic, classical studies, and history. The school day runs from 8:45 to 3:35, monday through thursday. On fridays, the school offers classes from 9-noon in hands-on, experiential subjects such as sewing, woodworking, music, gymnastics, etc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$8,063$27,369▲ $19,306
Savings and Temporary Cash Investments$443$14,637▲ $14,194
Accounts Receivable-$224-
Prepaid Expenses and Deferred Charges$179--
Total Assets$8,685$42,230▲ $33,545
Liabilities
Deferred Revenue$8,053$25,640▲ $17,587
Accounts Payable and Accrued Expenses$70,212$10,523▼ $59,689
Total Liabilities$78,265$36,163▼ $42,102
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-69,580$6,067▲ $75,647
Total Net Assets Fund Balance$-69,580$6,067▲ $75,647
Total Liabilities and Net Assets / Fund Balance$8,685$42,230▲ $33,545
Compensation and Service Providers
Top Officer Pay58th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Stephanie MurrayPresidentFT$15,162$15,162

Board Members and Trustees

NameTitle
Bridget MurraySecretary
Michael MurrayTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$264,921
Program Service Revenue
$538,336
Investment Income
$0
Other Revenue
$0
All Other Contributions
$264,921
Change in Net Assets
$122,569
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$382,432
Other Expenses$213,685
Grants and Similar Amounts Paid$84,571
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$214,315$78,423-$292,738
Grants to Domestic Individuals$84,571--$84,571
Fees for Services Other$69,953$748-$70,701
Payroll Taxes$30,966$13,522-$44,488
Fees for Services Accounting-$40,401-$40,401
Other Employee Benefits$20,912$9,132-$30,044
Occupancy$19,197$4,799-$23,996
Current Officers, Directors, Trustees, and Key Employees-$15,162-$15,162
Information Technology$7,196$1,799-$8,995
Travel$4,637$1,159-$5,796
Advertising$4,163--$4,163
Interest$3,109$777-$3,886
Fees for Services Legal-$2,500-$2,500
Conferences and Meetings$1,882$470-$2,352
Insurance$983$246-$1,229
Other Expenses$978$220-$978
All Other Expenses$698$174-$872
Total Functional Expenses$510,291$170,397$0$680,688
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
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, Section A, Line 2

“Board members michael murray and stephanie murray are a married couple. Board members michael murray and bridget murray are brother and sister.”

Form 990, Part VI, Section B, Line 11B

“The form 990 draft is provided to the board of directors. The form 990 is reviewed and approved by the foundation's treasurer and president prior to its filing.”

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

“The foundation regularly and consistently monitors and enforces compliance with the conflict of interest policy by evaluating situations as they arise for possible conflicts.”

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

“The executive director's compensation is reviewed and approved by the board of directors. The executive director did not receive a salary during fiscal year fy23, but received paid health benefits during the year.”

Form 990, Part VI, Section C, Line 19

“The foundation makes its governing documents, conflict of interest policy and financial statements available to the public upon written request.”

Filing and Contact Details

Filer

Filer Name
Telos Classical Foundation
EIN
87-3800742
Phone
6175120714
Address
7375 SILVER CREEK ROAD, PARK CITY, UT 84098

Signing Officer

Name
Stephanie Murray
Title
President
Phone
6175120714
Signed
2024-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephanie Murray
Formed
2022
Legal Domicile
Ut
Voting Board Members
3
Independent Board Members
1
Employees
14
Volunteers
30

Preparer

Firm
Baker Tilly US Llp
Address
1 HIGHWOOD DRIVE, TEWKSBURY, MA 01876
Preparer
Matthew Kalil CPA Mba
Phone
9785575300
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Contract labor: program service expenses 60,691. Management and general expenses 0. Fundraising expenses 0. Total expenses 60,691. Payroll fees: program service expenses 1,713. Management and general expenses 748. Fundraising expenses 0. Total expenses 2,461. Recruitment: program service expenses 7,549. Management and general expenses 0. Fundraising expenses 0. Total expenses 7,549.”

Raw XML Appendix373 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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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION PUBLICIZES THE POLICY ON ITS SCHOOL WEBSITE AND SAYS THE FOLLOWING: THE ORGANIZATION DOES NOT DISCRIMINATE ON THE BASIS OF AGE, RACE, SEX, COLOR, NATIONAL ORIGIN, DISABILITY, OR ANY OTHER LEGALLY PROTECTED STATUS IN ANY OF ITS ACTIVITIES OR OPERATIONS. THESE ACTIVITIES INCLUDE, BUT ARE NOT LIMITED TO, SELECTION OF SCHOLARSHIP AWARDS, HIRING AND FIRING OF STAFF, SELECTION OF VENDORS AND VOLUNTEERS, AND PROVISION OF SERVICES.
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0FOR FINANCIAL AID, OUR SCHOOL USES A SOFTWARE CALLED FACTS THAT REQUIRES 1040'S, W-2'S, AND OTHER SUPPORTING DOCUMENTATION FOR ANY FAMILY REQUESTING FINANCIAL AID. FACTS CRUNCHES THE NUMBERS AND PROVIDES AN AMOUNT OF TUITION THAT THEY BELIEVE THE FAMILY CAN AFFORD. THE SCHOOL USES THIS RESULT TO HELP DISTRIBUTE FINANCIAL AID FROM OUR AVAILABLE SCHOLARSHIP FUNDS BASED ON THOSE NUMBERS. FOR TUITION DISCOUNTS, THE SCHOOL'S POLICY IS THE FOLLOWING: 1. CHILDREN OF FULL-TIME STAFF AND FACULTY MEMBERS RECEIVE HALF OFF TUITION. 2. CHILDREN OF FULL-TIME PASTORS RECEIVE 25% OFF TUITION
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOARD MEMBERS MICHAEL MURRAY AND STEPHANIE MURRAY ARE A MARRIED COUPLE. BOARD MEMBERS MICHAEL MURRAY AND BRIDGET MURRAY ARE BROTHER AND SISTER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 DRAFT IS PROVIDED TO THE BOARD OF DIRECTORS. THE FORM 990 IS REVIEWED AND APPROVED BY THE FOUNDATION'S TREASURER AND PRESIDENT PRIOR TO ITS FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FOUNDATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY BY EVALUATING SITUATIONS AS THEY ARISE FOR POSSIBLE CONFLICTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE EXECUTIVE DIRECTOR'S COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. THE EXECUTIVE DIRECTOR DID NOT RECEIVE A SALARY DURING FISCAL YEAR FY23, BUT RECEIVED PAID HEALTH BENEFITS DURING THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CONTRACT LABOR: PROGRAM SERVICE EXPENSES 60,691. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 60,691. PAYROLL FEES: PROGRAM SERVICE EXPENSES 1,713. MANAGEMENT AND GENERAL EXPENSES 748. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,461. RECRUITMENT: PROGRAM SERVICE EXPENSES 7,549. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,549.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
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IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
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IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalCompGreaterThan150KInd00
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IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0170397
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0510291
IRS990/TotalFunctionalExpensesGrp/TotalAmt0680688
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt078265
IRS990/TotalLiabilitiesEOYAmt036163
IRS990/TotalLiabilitiesGrp/BOYAmt078265
IRS990/TotalLiabilitiesGrp/EOYAmt036163
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-69580
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt06067
IRS990/TotalOtherCompensationAmt015162
IRS990/TotalProgramServiceExpensesAmt0510291
IRS990/TotalProgramServiceRevenueAmt0538336
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0538336
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0803257
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt030
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt08685
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt042230
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt01159
IRS990/TravelGrp/ProgramServicesAmt04637
IRS990/TravelGrp/TotalAmt05796
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
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IRS990/USAddress/CityNm0PARK CITY
IRS990/USAddress/StateAbbreviationCd0UT
IRS990/USAddress/ZIPCd084098
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt01
IRS990/WebsiteAddressTxt0WWW.TELOSCLASSICALACADEMY.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0STEPHANIE MURRAY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06175120714
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TELOS CLASSICAL FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0TELO
ReturnHeader/Filer/EIN0873800742
ReturnHeader/Filer/PhoneNum06175120714
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ReturnHeader/Filer/USAddress/CityNm0PARK CITY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0UT
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ReturnHeader/Form8822BAttachedInd0X
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0390859910
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BAKER TILLY US LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01 HIGHWOOD DRIVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0TEWKSBURY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd001876
ReturnHeader/PreparerPersonGrp/PhoneNum09785575300
ReturnHeader/PreparerPersonGrp/PreparationDt02024-05-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MATTHEW KALIL CPA MBA
ReturnHeader/ReturnTs02024-05-15T13:34:33-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0STEPHANIE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MURRAY
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$42,230
Liabilities
$36,163
Net assets
$6,067
Revenue
$803,257
Expenses
$680,688
Net income
$122,569
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.48$0.14$0.34$1.13$1.01$0.12
2024Detailed filing. Detailed filing data is available for this year.$0.30$0.08$0.22$1.08$0.87$0.21
2023Detailed filing. Detailed filing data is available for this year.$0.04$0.04$0.01$0.80$0.68$0.12