Trinity Preschool INC FY2024 filing

Tax-deductible

Long Lake, MN501(c)(3)EducationEIN 20-0495065Revenue $302K in FY2024

On file with the IRStrinitylonglake.org/trinity-preschool2060 County Road 6, 55356-9564 · Long Lake, MNTax-exempt since Jun 2005Publicly supported — 509(a)(2)

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501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
$65K paid to officers and key staff.
Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $24K a year · 8% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$65K
to officers and key staff · 18% of spending
Fine: pay to officers and key staff is 18% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 4.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $21K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$15K
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 6 voting members
Looks good: 7 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$302K
-12% vs prior year
Spent
$353K
To programs
80%
Net assets
$189K
By yearFY2020–FY2025
Revenue
$302K
FY2024▼ -12%
Tap a bar for its year
Revenue by fiscal year
FY2020$221K
FY2021$310K
FY2022$334K
FY2023$343K
FY2024$302K
FY2025$325K
Expenses
$353K
FY2024▲ +23%
Tap a bar for its year
Expenses by fiscal year
FY2020$216K
FY2021$242K
FY2022$274K
FY2023$286K
FY2024$353K
FY2025$318K
Net assets
$189K
FY2024▼ -21%
Tap a bar for its year
Net assets by fiscal year
FY2020$56K
FY2021$125K
FY2022$184K
FY2023$240K
FY2024$189K
FY2025$196K

From the FY2024 Form 990 (year ending June 2024) · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2005.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $282K Management & general 17% · $59K Fundraising 3% · $12K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990; $65K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Dir.
$64,609Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Church Operatns
$0Pt VII · Sec A
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
At Large Chair
$0Pt VII · Sec A

Kelly Govrik’s $74K as Executive Dir. is at the 66th percentile of top reported officer pay among 1612 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023
Kelly Govrik$74,000$64,609$55,157

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Trinity Preschool INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Trinity Preschool INC is an education nonprofit based in Long Lake, MN.

Provided by the organization

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1 program · $282K · in their own filed words · FY2023
01

59 children received preschool education at Trinity Preschool. Trinity Preschool worked with a number of families in crisis. This includes families dealing with illness and trauma, with financial issues and divorce. Trinity Preschool provides children of all economic levels and of all denominations.

$282Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2022
Total grants receivedfrom 1 funder$21K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$302K
Ln 12
Fees for servicesLn 2g$269K
Gifts and grantsLn 1h$29K
Other incomeLn 4–11$3K
Money outPt IX
$353K
Ln 25
Programscol B$282K
Managementcol C$59K
Fundraisingcol D$12K
Owns and owesPt X
$189K
net assets · Ln 32
Cash and savingsLn 1–2$136K
Total assetsLn 16$204K
LiabilitiesLn 26$15K
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$29K
Government grantsLn 1e$27K
Fees for servicesLn 2g$269K
Investment incomeLn 3$477
Other incomeLn 4–11$3K
Gains on assetsLn 7$0
Total revenueLn 12$302K
Assets in detailPt X, end of year
CashLn 1$15K
SavingsLn 2$121K
Cash and savings togetherLn 1–2$136K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$68K
Other assetsLn 15$0
Total assetsLn 16$204K
LiabilitiesLn 26$15K
Net assetsLn 32$189K
OperationsPt I, VI
EmployeesI 50
VolunteersI 625
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$179K$136K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$75K$68K
Total assetsLn 16$253K$204K
LiabilitiesLn 26$13K$15K
Net assetsLn 32$240K$189K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$65K$10K$52K$3K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$177K$168K$9K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$4K$4K$162$41
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$2K$2K
Advertising and promotionLn 12$236$118$118
Office expensesLn 13$17K$17K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$68K$63K$5K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$6K$6K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$11K$11K$78
All other expensesLn 24e$300$300
Total functional expensesLn 25$353K$282K$59K$12K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $325K$318K$7K$196K 990 PDF
FY2024 Viewing $302K$353K−$51K$189K 990 PDF
FY2023 $343K$286K$56K$240K 990 PDF
FY2022 $334K$274K$59K$184K 990 PDF
FY2021 $310K$242K$68K$125K 990 PDF
FY2020 $221K$216K$5K$56K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $302,001 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $87,611$29,167
I-9 Program service revenuePrior year $244,789$269,137
I-10 Investment incomePrior year $93$477
I-11 Other revenuePrior year $10,087$3,220
I-12 Total revenuePrior year $342,580$302,001
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $215,336$245,806
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $71,025$107,286
I-18 Total expensesPrior year $286,361$353,092
I-19 Revenue less expensesPrior year $56,219−$51,091
Part VI · Governance 7 of 6 board members independent, 3 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $302,001 across 10 lines filed
VIII-1e Government grants$27,160
VIII-1f All other contributions, gifts and grants$2,007
VIII-1h Total contributions, gifts and grants$29,167
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $269,137$269,137
VIII-3 Investment incomeRelated to mission $477$477
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$3,220
VIII-12 Total revenueRelated to mission $269,614$302,001
Part IX · Statement of functional expenses $353,092 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $9,691 · Management $51,688 · Fundraising $3,230$64,609
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $168,282 · Fundraising $8,857$177,139
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $3,855 · Management $162 · Fundraising $41$4,058
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesManagement $2,072$2,072
IX-12 Advertising and promotionPrograms $118 · Management $118$236
IX-13 Office expensesPrograms $16,703$16,703
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $62,859 · Management $5,243$68,102
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $6,343$6,343
IX-23 InsurancePrograms $2,400$2,400
IX-24 Other expenses (24a–d)Programs $11,052 · Fundraising $78$11,130
IX-24e All other expensesPrograms $300$300
IX-25 Total functional expensesPrograms $281,603 · Management $59,283 · Fundraising $12,206$353,092
Part X · Balance sheet $204,036 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $3,048$14,561
X-2 Savings and temporary cash investmentsStart of year $175,828$121,306
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $74,512$68,169
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $1$0
X-16 Total assetsStart of year $253,389$204,036
X-17 Accounts payable and accrued expensesStart of year $13,057$14,794
X-25 Other liabilities$1
X-26 Total liabilitiesStart of year $13,057$14,795
X-32 Total net assets or fund balancesStart of year $240,332$189,241
X-33 Total liabilities and net assetsStart of year $253,389$204,036
Part XI · Reconciliation of net assets $189,241 net assets at year end
XI-1 Total revenue$302,001
XI-2 Total expenses$353,092
XI-3 Revenue less expenses−$51,091
XI-4 Net assets at start of year$240,332
XI-10 Net assets at end of year$189,241

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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