True North Troy Preparatory FY2021 filing

Troy, NYUnknown exempt organization EIN 26-2857555Revenue $12.7M in FY2021

On file with the IRSuncommonschools.org2 Polk Street · Troy, NY

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

The mission of True North Troy Preparatory charter school ("Troy prep") is to prepare all students to enter and succeed in college through effort, achievement, and the content of their character. All True North Troy Preparatory students will demonstrate excellence in reading, writing, math, science and history while consistently exemplifying the virtues of caring, courage, respect, responsibility, justice and hard work.

84¢ of each $1 spent went to programs.
$462K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 3
filings with a surplus
Average surplus $816K a year · 6% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$462K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
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 · $237K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$652K
9% of total assets
Looks good: liabilities are 9% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 8 voting members
Looks good: 7 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$12.7M
+8% vs prior year
Spent
$11.3M
To programs
84%
Net assets
$6.5M
By yearFY2020–FY2022
Revenue
$12.7M
FY2021▲ +8%
Tap a bar for its year
Revenue by fiscal year
FY2020$11.8M
FY2021$12.7M
FY2022$14.0M
FY2022$0
Expenses
$11.3M
FY2021▼ -3%
Tap a bar for its year
Expenses by fiscal year
FY2020$11.6M
FY2021$11.3M
FY2022$13.2M
FY2022$0
Net assets
$6.5M
FY2021▲ +28%
Tap a bar for its year
Net assets by fiscal year
FY2020$5.1M
FY2021$6.5M
FY2022$7.4M
FY2022$0

From the FY2021 Form 990 (year ending June 2021) · see the original

Give Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2022) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022.

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $9.4M Management & general 16% · $1.8M

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

Something off? Claim to add context

Who runs it and what they're paid

12 people listed on the 990; $462K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Ms Principal
$124,403Pt VII · Sec A
Hs Principal
$118,497Pt VII · Sec A
Ms Director of Operations
$112,019Pt VII · Sec A
Es Principal
$107,483Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2022FY2021FY2020
Alina Daley$126,633$112,019$103,055
Samantha Deluke—$124,403—
Maisie Wright—$118,497$113,134
Jamila Hammett—$107,483—
Cathlene a Schwartzbeck$105,723——
Julia P Franklin$102,836——

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 True North Troy Preparatory executive salaries →

On this list? Claim this org

Something off? Claim to add context

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

Prepares students for college success through academic rigor and character development.

Questions for True North Troy Preparatory

Tap to ask. True North Troy Preparatory sees how many people are interested.

Your first name shows with your question. True North Troy Preparatory answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $9.4M · in their own filed words · FY2020
01

A charter public school serving elementary, middle, and high school students in troy, new york.

$9.4Mprogram 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 · FY2021
Total grants receivedfrom 1 funder$237K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$12.7M
Ln 12
Fees for servicesLn 2g$11.6M
Gifts and grantsLn 1h$1.0M
Investment incomeLn 3$135
Money outPt IX
$11.3M
Ln 25
Programscol B$9.4M
Managementcol C$1.8M
Owns and owesPt X
$6.5M
net assets · Ln 32
Cash and savingsLn 1–2$4.3M
Total assetsLn 16$7.2M
LiabilitiesLn 26$652K
PeoplePt VI, VII
12
listed · VII A
PaidVII A4
Voting boardVI 1a8
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.0M
Government grantsLn 1e$881K
Fees for servicesLn 2g$11.6M
Investment incomeLn 3$135
Total revenueLn 12$12.7M
Assets in detailPt X, end of year
CashLn 1$4.3M
Cash and savings togetherLn 1–2$4.3M
Land, buildings, equipmentLn 10c$1.5M
Other assetsLn 15$76K
Total assetsLn 16$7.2M
LiabilitiesLn 26$652K
Net assetsLn 32$6.5M
OperationsPt I, VI
EmployeesI 5138
VolunteersI 68
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$2.4M$4.3M
Land, buildings, equipmentLn 10c$1.4M$1.5M
Total assetsLn 16$5.5M$7.2M
LiabilitiesLn 26$380K$652K
Net assetsLn 32$5.1M$6.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$5.2M$4.3M$911K
Pension plan contributionsLn 8$136K$113K$24K
Other employee benefitsLn 9$653K$540K$113K
Payroll taxesLn 10$391K$323K$68K
Management feesLn 11a$1.5M$1.2M$219K
Legal feesLn 11b$49K$49K
Accounting feesLn 11c$19K$19K
Other fees for servicesLn 11g$236K$193K$43K
Advertising and promotionLn 12$10K$10K
Office expensesLn 13$152K$41K$111K
Information technologyLn 14$187K$111K$76K
OccupancyLn 16$962K$918K$44K
Depreciation, depletion and amortizationLn 22$441K$437K$4K
InsuranceLn 23$148K$148K
Other expenses (24a–d)Ln 24$1.0M$1.0M
All other expensesLn 24e$151K$137K$15K
Total functional expensesLn 25$11.3M$9.4M$1.8M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 $14.0M$13.2M$827K$7.4M 990 PDF
FY2021 Viewing $12.7M$11.3M$1.4M$6.5M 990 PDF
FY2020 $11.8M$11.6M$206K$5.1M 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $12,671,535 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,034,057$1,047,588
I-9 Program service revenuePrior year $10,718,779$11,623,812
I-10 Investment incomePrior year $343$135
I-11 Other revenuePrior year $27,304$0
I-12 Total revenuePrior year $11,780,483$12,671,535
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $6,052,653$6,402,530
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $5,521,504$4,854,570
I-18 Total expensesPrior year $11,574,157$11,257,100
I-19 Revenue less expensesPrior year $206,326$1,414,435
Part VI · Governance 7 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $12,671,535 across 6 lines filed
VIII-1e Government grants$881,146
VIII-1f All other contributions, gifts and grants$166,442
VIII-1h Total contributions, gifts and grants$1,047,588
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $11,623,812$11,623,812
VIII-3 Investment incomeExcluded from tax $135$135
VIII-12 Total revenueRelated to mission $11,623,812 · Unrelated business $0 · Excluded from tax $135$12,671,535
Part IX · Statement of functional expenses $11,257,100 across 16 lines filed
IX-7 Other salaries and wagesPrograms $4,312,099 · Management $910,762$5,222,861
IX-8 Pension plan contributionsPrograms $112,817 · Management $23,564$136,381
IX-9 Other employee benefitsPrograms $539,665 · Management $113,043$652,708
IX-10 Payroll taxesPrograms $322,939 · Management $67,641$390,580
IX-11a Management feesPrograms $1,238,836 · Management $218,618$1,457,454
IX-11b Legal feesManagement $49,354$49,354
IX-11c Accounting feesManagement $19,350$19,350
IX-11g Other fees for servicesPrograms $192,616 · Management $43,135$235,751
IX-12 Advertising and promotionPrograms $9,874$9,874
IX-13 Office expensesPrograms $40,910 · Management $111,080$151,990
IX-14 Information technologyPrograms $110,741 · Management $76,061$186,802
IX-16 OccupancyPrograms $917,749 · Management $43,977$961,726
IX-22 Depreciation, depletion and amortizationPrograms $436,896 · Management $4,279$441,175
IX-23 InsuranceManagement $147,794$147,794
IX-24 Other expenses (24a–d)Programs $1,041,972$1,041,972
IX-24e All other expensesPrograms $136,745 · Management $14,583$151,328
IX-25 Total functional expensesPrograms $9,413,859 · Management $1,843,241 · Fundraising $0$11,257,100
Part X · Balance sheet $7,178,391 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $2,373,306$4,289,907
X-3 Pledges and grants receivableStart of year $260,035$569,363
X-4 Accounts receivableStart of year $1,135,375$610,095
X-9 Prepaid expenses and deferred chargesStart of year $218,233$118,602
X-10c Land, buildings and equipment, netStart of year $1,428,614$1,513,962
X-15 Other assetsStart of year $76,327$76,462
X-16 Total assetsStart of year $5,491,890$7,178,391
X-17 Accounts payable and accrued expensesStart of year $380,338$652,404
X-26 Total liabilitiesStart of year $380,338$652,404
X-27 Net assets without donor restrictionsStart of year $5,111,552$6,525,987
X-32 Total net assets or fund balancesStart of year $5,111,552$6,525,987
X-33 Total liabilities and net assetsStart of year $5,491,890$7,178,391
Part XI · Reconciliation of net assets $6,525,987 net assets at year end
XI-1 Total revenue$12,671,535
XI-2 Total expenses$11,257,100
XI-3 Revenue less expenses$1,414,435
XI-4 Net assets at start of year$5,111,552
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$6,525,987

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.