Civic Intelligence

Telos Classical Foundation

990 • Fiscal year 2025 • EIN 87-3800742

Jul 01, 2024 to Jun 30, 2025 • Filed on Feb 03, 2026

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

75th percentile

0.29x

Higher debt load relative to assets than 75% of similar nonprofits.

2025 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

58th percentile

0.12x

Higher debt load relative to revenue than 58% of similar nonprofits.

2025 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

61st percentile

10%

Higher net margin than 61% of similar nonprofits.

2025 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

77th percentile

$124,831

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 11.1% of source-year revenue.

2025 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2025

Asset Growth

93rd percentile

59%

Faster asset growth than 93% of similar nonprofits.

2025 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

45th percentile

4.2%

Faster revenue growth than 45% of similar nonprofits.

2025 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Assets

Up

$477,976

Up $177,041 (+59%) from 2024

Net Assets

Up

$338,085

Up $116,982 (+53%) from 2024

Liabilities

Up

$139,891

Up $60,059 (+75%) from 2024

Revenue

Up

$1,125,508

Up $45,190 (+4.2%) from 2024

Expenses

Up

$1,008,526

Up $138,235 (+16%) from 2024

Net Income

Down

$116,982

Down $93,045 (-44%) from 2024

Historical Trend

Balance Sheet Trend

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

2025

Assets$477,976
Liabilities$139,891
Net Assets$338,085

Operations Trend

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

2025

Revenue$1,125,508
Expenses$1,008,526
Net Income$116,982
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Feb 3, 2026
Return Version
2024v5.2
Gross Receipts
$1,125,508
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

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$28,340$282,839▲ $254,499
Cash and Non-Interest-Bearing Accounts$245,279$172,092▼ $73,187
Land, Buildings, and Equipment, Net$26,892$22,755▼ $4,137
Accounts Receivable$424$290▼ $134
Total Assets$300,935$477,976▲ $177,041
Liabilities
Deferred Revenue$53,200$128,003▲ $74,803
Accounts Payable and Accrued Expenses$26,632$11,888▼ $14,744
Total Liabilities$79,832$139,891▲ $60,059
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$221,103$338,085▲ $116,982
Total Net Assets Fund Balance$221,103$338,085▲ $116,982
Total Liabilities and Net Assets / Fund Balance$300,935$477,976▲ $177,041

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$22,755$6,206-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Susan GoersHead of SchoolPT$124,831$124,831
Stephanie MurrayLifetime TrusteePT$7,500$7,500

Board Members and Trustees

NameTitle
Katherine BathgatePresident
Lucas DiazSecretary
Alan NiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$330,428
Program Service Revenue
$781,053
Investment Income
$14,027
Other Revenue
$0
All Other Contributions
$330,428
Change in Net Assets
$116,982
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$739,742
Other Expenses$210,284
Grants and Similar Amounts Paid$58,500
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$535,711$124,231-$659,942
Payroll Taxes$47,818$11,089-$58,907
Grants to Domestic Individuals$58,500--$58,500
Occupancy$26,234$6,558-$32,792
Fees for Services Accounting-$25,666-$25,666
Other Employee Benefits$16,960$3,933-$20,893
Fees for Services Other$13,014--$13,014
All Other Expenses$12,636--$12,636
Other Expenses$6,372$1,593-$7,965
Advertising$7,643--$7,643
Information Technology$6,025$1,506-$7,531
Depreciation Depletion$4,137--$4,137
Insurance$3,028$757-$3,785
Fees for Services Legal-$2,500-$2,500
Travel$636$159-$795
Total Functional Expenses$829,197$179,329$0$1,008,526
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
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

Governance Explanations

Form 990 governing body review Part VI line 11

The form 990 draft is provided to the board of directors. 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 and enforces compliance with the conflict of interest policy by evaluating situations as they arise for possible conflicts.

Governing documents etc available to public Part VI 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
In Care Of
% ALAN NI
Phone
4352004669
Address
7375 SILVER CREEK ROAD, Park City, UT 84098

Signing Officer

Name
Alan Ni
Title
Treasurer
Phone
4352004669
Signed
2026-02-03
Discuss with paid preparer
No

Organization Details

Principal Officer
Katherine Bathgate
Formed
2022
Legal Domicile
Ut
Voting Board Members
4
Independent Board Members
4
Employees
17
Volunteers
30

Preparer

Firm
Kuennen & Co
Address
PO Box 683626, Park City, UT 84068
Preparer
Isabel Kuennen CPA
Phone
4356599246
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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 1040S, W-2S, AND OTHER SUPPORTING DOCUMENTATION FOR ANY FAMILY REQUESTING FINANCIAL AID. FACTS EVALUATES THE NUMBERS AND PROVIDES AN AMOUNT OF TUITION THAT THE FAMILY CAN AFFORD. THE SCHOOL USES THIS RESULT TO HELP DISTRIBUTE FINANCIAL AID FROM THE AVAILABLE SCHOLARSHIP FUNDS BASED ON THOSE NUMBERS.
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt1FOR TUITION DISCOUNTS, THE SCHOOLS 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.
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IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc1General Explanation Attachment
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 DRAFT IS PROVIDED TO THE BOARD OF DIRECTORS. THE FORM 990 IS REVIEWED AND APPROVED BY THE TREASURER AND PRESIDENT OF THE FOUNDATION PRIOR TO ITS FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 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/ExplanationTxt2THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing documents etc available to public Part VI line 19
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0ALAN NI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
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ReturnHeader/BusinessOfficerGrp/SignatureDt02026-02-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TELOS CLASSICAL FOUNDATION
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0454795753
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Kuennen & Co
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO Box 683626
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Park City
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ReturnHeader/PreparerPersonGrp/PreparationDt02026-02-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ISABEL KUENNEN CPA
ReturnHeader/ReturnTs02026-02-03T18:45:26-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-07-01
ReturnHeader/TaxPeriodEndDt02025-06-30
ReturnHeader/TaxYr02024

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