Civic Intelligence

Telos Classical Foundation

990 • Fiscal year 2024 • EIN 87-3800742

Jul 01, 2023 to Jun 30, 2024 • Filed on Mar 17, 2025

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

(435) 200-4669

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.27x

Higher debt load relative to assets than 73% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

49th percentile

0.07x

Higher debt load relative to revenue than 49% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

72nd percentile

19%

Higher net margin than 72% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

47th percentile

$47,453

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 4.4% of source-year revenue.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

99th percentile

613%

Faster asset growth than 99% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

76th percentile

34%

Faster revenue growth than 76% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets73rd percentile

Assets

Up

$300,935

Up $258,705 (+613%) from 2023

Net Assets

Up

$221,103

Up $215,036 (+3544%) from 2023

Liabilities

Up

$79,832

Up $43,669 (+121%) from 2023

Revenue And Expenses
Liabilities / Revenue49th percentileNet Margin72nd percentile

Revenue

Up

$1,080,318

Up $277,061 (+34%) from 2023

Expenses

Up

$870,291

Up $189,603 (+28%) from 2023

Net Income

Up

$210,027

Up $87,458 (+71%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

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

2024

Assets$300,935
Liabilities$79,832
Net Assets$221,103
Open 2024 Filing

Operations Trend

Revenue Growth76th percentile

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

2024

Revenue$1,080,318
Expenses$870,291
Net Income$210,027
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Mar 17, 2025
Return Version
2023v6.0
Gross Receipts
$1,080,318
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

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$27,369$245,279▲ $217,910
Savings and Temporary Cash Investments$14,637$28,340▲ $13,703
Land, Buildings, and Equipment, Net-$26,892-
Accounts Receivable$224$424▲ $200
Total Assets$42,230$300,935▲ $258,705
Liabilities
Deferred Revenue$25,640$53,200▲ $27,560
Accounts Payable and Accrued Expenses$10,523$26,632▲ $16,109
Total Liabilities$36,163$79,832▲ $43,669
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,067$221,103▲ $215,036
Total Net Assets Fund Balance$6,067$221,103▲ $215,036
Total Liabilities and Net Assets / Fund Balance$42,230$300,935▲ $258,705

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$26,892$2,069-
Compensation and Service Providers
Top Officer Pay47th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Stephanie MurrayLifetime TrusteePT$47,453$47,453
Susan GoersHead of SchoolPT$46,038$46,038

Board Members and Trustees

NameTitle
Katherine BathgatePresident
Dave CorbinTrustee
Iggy LabanauskasTrustee
Lucas DiazSecretary
Alan NiTreasurer
Michael MurrayTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$406,472
Program Service Revenue
$673,838
Investment Income
$8
Other Revenue
$0
All Other Contributions
$406,472
Change in Net Assets
$210,027
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$617,024
Other Expenses$207,767
Grants and Similar Amounts Paid$45,500
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$378,327$85,993-$464,320
Current Officers, Directors, Trustees, and Key Employees-$91,961-$91,961
Grants to Domestic Individuals$45,500--$45,500
Payroll Taxes$30,402$14,300-$44,702
Occupancy$27,915$6,979-$34,894
Fees for Services Accounting-$31,276-$31,276
Fees for Services Other$22,885--$22,885
Other Employee Benefits$12,833$3,208-$16,041
Advertising$10,608--$10,608
Information Technology$7,709$1,927-$9,636
Fees for Services Legal-$9,061-$9,061
Travel$6,956$1,739-$8,695
Insurance$3,065$766-$3,831
All Other Expenses$1,873$468-$2,341
Depreciation Depletion-$2,069-$2,069
Other Expenses$566$145-$711
Conferences and Meetings$319$80-$399
Total Functional Expenses$616,731$253,560$0$870,291
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

Officer directors etc family relationship Part VI line 2

“Board members michael murray and stephanie murray are a married couple. Michael murray was on the board of trustees during the fiscal year, but is not currently on the board of trustees. They shared one vote during the fiscal year.”

Form 990 governing body review Part VI line 11

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

Conflict of interest policy compliance Part VI line 12C

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

CEO executive director top management comp Part VI line 15A

“The head of schools compensation is reviewed and approved by the board of trustees.”

Governing documents etc available to public Part VI line 19

“The foundation makes its governing document, 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
Address
7375 SILVER CREEK ROAD, Park City, UT 84098

Signing Officer

Name
Alan Ni
Title
Treasurer
Phone
4352004669
Signed
2025-03-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Susan Goers
Formed
2022
Legal Domicile
Ut
Voting Board Members
5
Independent Board Members
5
Employees
17
Volunteers
30

Preparer

Firm
Kuennen & Co
Address
PO Box 683626, Park City, UT 84068
Preparer
Isabel Kuennen CPA
Phone
4356599246
Supplemental Narrative

Additional Explanations

General explanation attachment

“The organization operates as a christian classical school and considers its religious beliefs central to its educational mission, staff hiring, and student formation.”

Raw XML AppendixShowing 400 of 418 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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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt113000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0DISCOUNTS FOR CHILDREN OF FACULTY
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1DISCOUNTS FOR CHILDREN OF MINISTRY
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt12
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE PURPOSE OF THE FINANCIAL AID POLICY IS TO PROVIDE FINANCIAL ASSISTANCE TO FAMILIES WHO DEMONSTRATE FINANCIAL NEED, ENSURING ACCESS TO EDUCATION FOR STUDENTS FROM DIVERSE ECONOMIC BACKGROUNDS.1. ALL FAMILIES ARE ELIGIBLE TO APPLY FOR FINANCIAL AID.2. NEW FAMILIES MUST APPLY FOR ADMISSION TO TELOS BEFORE BEING CONSIDERED FOR FINANCIAL AID.3. RETURNING FAMILIES MAY APPLY FOR FINANCIAL AID BEFORE ENROLLING THEIR CHILD(REN) TO DETERMINE THEIR ABILITY TO AFFORD TUITION BEFORE COMMITTING TO ENROLLMENT AND THE FULL YEAR OF TUITION.4. FAMILIES MUST APPLY FOR THE UTAH FITS ALL(UFA) SCHOLARSHIP TO BE CONSIDERED FOR FINANCIAL AID. FAMILIES WHO DID NOT RECEIVE A UFA SCHOLARSHIP ARE STILL CONSIDERED FOR FINANCIAL AID FROM TELOS. 5. FAMILIES WHO MOVED INTO THE AREA OR APPLIED FOR ADMISSION AFTER THE UFA DEADLINE MAY STILL BE CONSIDERED FOR FINANCIAL AID FROM TELOS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Monitoring procedures (Part I, line 2)
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IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0IGGY LABANAUSKAS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1DAVE CORBIN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2MICHAEL MURRAY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0TRUSTEE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1TRUSTEE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2TREASURER
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOARD MEMBERS MICHAEL MURRAY AND STEPHANIE MURRAY ARE A MARRIED COUPLE. MICHAEL MURRAY WAS ON THE BOARD OF TRUSTEES DURING THE FISCAL YEAR, BUT IS NOT CURRENTLY ON THE BOARD OF TRUSTEES. THEY SHARED ONE VOTE DURING THE FISCAL YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 DRAFT IS PROVIDED TO THE BOARD OF TRUSTEES. THE FORM 990 IS REVIEWED AND APPROVED BY THE TREASURER AND PRESIDENT OF THE FOUNDATION PRIOR TO ITS FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FOUNDATION REGULARLY AND CONSISTENTLY MONITORS COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY BY EVALUATING SITUATIONS AS THEY ARISE FOR POSSIBLE CONFLICTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE HEAD OF SCHOOLS COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FOUNDATION MAKES ITS GOVERNING DOCUMENT, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION OPERATES AS A CHRISTIAN CLASSICAL SCHOOL AND CONSIDERS ITS RELIGIOUS BELIEFS CENTRAL TO ITS EDUCATIONAL MISSION, STAFF HIRING, AND STUDENT FORMATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5General explanation attachment
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IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalFunctionalExpensesGrp/TotalAmt0870291
IRS990/TotalGrossUBIAmt00
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IRS990/TotalOtherCompensationAmt00
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IRS990/TotalProgramServiceRevenueAmt0673838
IRS990/TotalReportableCompFromOrgAmt093491
IRS990/TotalRevenueGrp/ExclusionAmt00
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01080318
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt030
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0300935
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ManagementAndGeneralAmt01739
IRS990/TravelGrp/ProgramServicesAmt06956
IRS990/TravelGrp/TotalAmt08695
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
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IRS990/WebsiteAddressTxt0WWW.TELOSCLASSICALACADEMY.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ALAN NI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum04352004669
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-03-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TELOS CLASSICAL FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0TELO
ReturnHeader/Filer/EIN0873800742
ReturnHeader/Filer/USAddress/AddressLine1Txt07375 SILVER CREEK ROAD

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$300,935
Liabilities
$79,832
Net assets
$221,103
Revenue
$1,080,318
Expenses
$870,291
Net income
$210,027
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