Trinity Basin Preparatory INC FY2023 filing

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Provide a safe, disciplined learning environment in which every student can succeed. We seek to provide every student with basic tools necessary to build a solid foundation for future educational, business and social success.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
$1.1M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · 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 $5.6M 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
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.1M
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
2 mo
of spending, in cash
Fine: 2.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $300K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$198.5M
84% of total assets
Concern: liabilities are 84% of assets; over 80%.
Pt X · Ln 26
Independent board members
4
of 6 voting members
Looks good: 4 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
$67.7M
+18% vs prior year
Spent
$66.9M
To programs
88%
Net assets
$36.8M
By yearFY2020–FY2025
Revenue
$67.7M
FY2023▲ +18%
Tap a bar for its year
Revenue by fiscal year
FY2020$43.0M
FY2021$54.4M
FY2022$57.4M
FY2023$67.7M
FY2024$96.4M
FY2025$88.5M
Expenses
$66.9M
FY2023▲ +29%
Tap a bar for its year
Expenses by fiscal year
FY2020$36.8M
FY2021$43.5M
FY2022$51.7M
FY2023$66.9M
FY2024$86.2M
FY2025$88.9M
Net assets
$36.8M
FY2023▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2020$19.7M
FY2021$30.7M
FY2022$36.0M
FY2023$36.8M
FY2024$47.0M
FY2025$46.6M

From the FY2023 Form 990 (year ending August 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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 Sep 1999.

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

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $58.9M Management & general 12% · $7.9M Fundraising 0% · $106K

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

12 people listed on the 990; $1.1M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
CEO & President
$353,000Pt VII · Sec A
$175,634Pt VII · Sec A
$175,583Pt VII · Sec A
Chief HR Off
$126,486Pt VII · Sec A
$98,250Pt VII · Sec A
$77,455Pt VII · Sec A
Chief Legal Off
$43,340Pt VII · Sec A
Director
$39,589Pt VII · Sec A

Randal Shaffer’s $321K as CEO & President is at the 69th percentile of top reported officer pay among 3683 $10–100M 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 · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Randal Shaffer$321,000$300,000$353,000$312,154$312,000$362,000
Brandon Duck$168,350$165,000$175,634$159,000$152,333$159,267
Lesley Austin—$120,657$175,583$159,000$143,000$131,667
James Dworkin——$98,250$81,000$76,593$167,680
Robert Varner————$155,208$160,874
David Tecuatl$153,000$150,000————
Viktoria Garo$153,000$120,270————
Claudia M Neira$142,800$140,000$126,486———

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 Basin Preparatory INC executive salaries →

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

Empower students with a safe, disciplined learning environment for future success.

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1 program · $58.9M · in their own filed words · FY2022
01

Provide a well-rounded and rigorous education to our students focusing on the core academic areas of reading, writing, math, science and social studies. Expectations are very high for students and faculty in order to foster an environment of achievement and success.

$58.9Mprogram 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 · FY2024
Charter Fund INCFY2024$300K
Total grants receivedfrom 1 funder$300K

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Aug 2025 · $9.7M federal money spent
School Breakfast ProgramDepartment of Agriculture · ALN 10.553 · Through Texas Education Agency$4.9M
Title I Grants to Local Educational AgenciesDepartment of Education · ALN 84.010 · Through Texas Education Agency$2.6M
Special Education Grants to StatesDepartment of Education · ALN 84.027 · Through Texas Education Agency$1.0M
Student Support and Academic Enrichment ProgramDepartment of Education · ALN 84.424 · Through Texas Education Agency$314K
Supporting Effective Instruction State Grants (formerly Improving Teacher Quality State Grants)Department of Education · ALN 84.367 · Through Texas Education Agency$305K

Plus 7 smaller programs.

The auditor reported no findings.

Year ending Aug 2024 · $13.6M federal money spent
Elementary and Secondary School Emergency Relief FundDepartment of Education · ALN 84.425 · Through Texas Education Agency$3.8M
National School Lunch ProgramDepartment of Agriculture · ALN 10.555 · Through Texas Education Agency$3.7M
Title I Grants to Local Educational AgenciesDepartment of Education · ALN 84.010 · Through Texas Education Agency$2.2M
Charter SchoolsDepartment of Education · ALN 84.282 · Through Texas Education Agency$1.5M
School Breakfast ProgramDepartment of Agriculture · ALN 10.553 · Through Texas Education Agency$816K

Plus 8 smaller programs.

The auditor reported no findings.

Year ending Aug 2023 · $14.4M federal money spent
Elementary and Secondary School Emergency Releif FundDepartment of Education · ALN 84.425 · Through Texas Education Agency$6.5M
National School Lunch ProgramDepartment of Agriculture · ALN 10.555 · Through Texas Education Agency$2.9M
Title I Grants to Locall Education AgenciesDepartment of Education · ALN 84.010 · Through Texas Education Agency$2.1M
Special Education - Grants to StatesDepartment of Education · ALN 84.027 · Through Texas Education Agency$1.2M
National School Breakfast ProgramDepartment of Agriculture · ALN 10.553 · Through Texas Education Agency$504K

Plus 8 smaller programs.

The auditor reported no findings.

Year ending Aug 2022 · $12.1M federal money spent
Education Stabilization FundDepartment of Education · ALN 84.425 · Through Texas Education Agency$6.4M
National School Lunch ProgramDepartment of Agriculture · ALN 10.555 · Through Texas Education Agency and 1 more$2.4M
Title I Grants to Local Educational AgenciesDepartment of Education · ALN 84.010 · Through Texas Education Agency$1.5M
Special Education_grants to StatesDepartment of Education · ALN 84.027 · Through Texas Education Agency$495K
School Breakfast ProgramDepartment of Agriculture · ALN 10.553 · Through Texas Education Agency$363K

Plus 6 smaller programs.

The auditor reported no findings.

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$67.7M
Ln 12
Fees for servicesLn 2g$53.0M
Gifts and grantsLn 1h$14.5M
Investment incomeLn 3$223K
Money outPt IX
$66.9M
Ln 25
Programscol B$58.9M
Managementcol C$7.9M
Fundraisingcol D$106K
Owns and owesPt X
$36.8M
net assets · Ln 32
Cash and savingsLn 1–2$11.4M
Total assetsLn 16$235.3M
LiabilitiesLn 26$198.5M
PeoplePt VI, VII
12
listed · VII A
PaidVII A8
Voting boardVI 1a6
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$14.5M
Government grantsLn 1e$14.5M
Noncash giftsLn 1g$141K
Fees for servicesLn 2g$53.0M
Investment incomeLn 3$223K
Gains on assetsLn 7$0
Total revenueLn 12$67.7M
Assets in detailPt X, end of year
CashLn 1$11.4M
SavingsLn 2$0
Cash and savings togetherLn 1–2$11.4M
InvestmentsLn 11–13$11K
Land, buildings, equipmentLn 10c$206.8M
Other assetsLn 15$436K
Total assetsLn 16$235.3M
LiabilitiesLn 26$198.5M
Net assetsLn 32$36.8M
OperationsPt I, VI
EmployeesI 51,531
VolunteersI 6400
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
BondsSch K, Pt X
Tax-exempt bond debt owedX 20$169.6M
Bond issues listedSch K Pt I4
Raised by those issuesSch K Pt I$233.0M
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$141K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$18.9M$11.4M
InvestmentsLn 11–13$921K$11K
Land, buildings, equipmentLn 10c$114.6M$206.8M
Total assetsLn 16$147.3M$235.3M
LiabilitiesLn 26$111.3M$198.5M
Net assetsLn 32$36.0M$36.8M
5Every 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$1.3M$393K$878K$39K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$38.1M$33.5M$4.5M$47K
Pension plan contributionsLn 8$2.2M$2.0M$201K$240
Other employee benefitsLn 9$1.6M$1.4M$226K$12K
Payroll taxesLn 10$544K$468K$74K$1K
Management feesLn 11a$0
Legal feesLn 11b$61K$61K
Accounting feesLn 11c$53K$53K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$3.7M$2.9M$767K
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$4.0M$4.0M$1K
TravelLn 17$297K$297K$388
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$3.6M$3.6M$6K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$4.4M$4.4M
InsuranceLn 23$523K$458K$65K
Other expenses (24a–d)Ln 24$6.5M$5.4M$1.1M
All other expensesLn 24e$0
Total functional expensesLn 25$66.9M$58.9M$7.9M$106K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Jul 15, 2026 $88.5M$88.9M−$397K$46.6M 990 PDF
FY2024Filed with the IRS Jul 7, 2025 $96.4M$86.2M$10.1M$47.0M 990 PDF
FY2023 ViewingFiled with the IRS Mar 18, 2024 $67.7M$66.9M$785K$36.8M 990 PDF
FY2022Filed with the IRS Mar 2, 2023 $57.4M$51.7M$5.7M$36.0M 990 PDF
FY2021Filed with the IRS Jun 16, 2022 $54.4M$43.5M$11.0M$30.7M 990 PDF
FY2020Filed with the IRS Jun 7, 2021 $43.0M$36.8M$6.2M$19.7M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $67,708,404 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $12,307,223$14,463,390
I-9 Program service revenuePrior year $45,049,305$53,022,379
I-10 Investment incomePrior year $70,025$222,635
I-11 Other revenue$0
I-12 Total revenuePrior year $57,426,553$67,708,404
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $34,771,937$43,809,654
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $16,951,329$23,113,679
I-18 Total expensesPrior year $51,723,266$66,923,333
I-19 Revenue less expensesPrior year $5,703,287$785,071
Part VI · Governance 4 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members4
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 $67,708,404 across 10 lines filed
VIII-1e Government grants$14,463,390
VIII-1g Noncash contributions (included above)$141,261
VIII-1h Total contributions, gifts and grants$14,463,390
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $53,022,379$53,022,379
VIII-3 Investment incomeExcluded from tax $222,635$222,635
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$0
VIII-12 Total revenueRelated to mission $53,022,379 · Excluded from tax $222,635$67,708,404
Part IX · Statement of functional expenses $66,923,333 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 $392,970 · Management $877,633 · Fundraising $39,297$1,309,900
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $33,549,221 · Management $4,542,109 · Fundraising $47,145$38,138,475
IX-8 Pension plan contributionsPrograms $1,968,279 · Management $201,199 · Fundraising $240$2,169,718
IX-9 Other employee benefitsPrograms $1,410,247 · Management $225,544 · Fundraising $12,209$1,648,000
IX-10 Payroll taxesPrograms $468,416 · Management $73,996 · Fundraising $1,149$543,561
IX-11a Management fees$0
IX-11b Legal feesManagement $61,459$61,459
IX-11c Accounting feesManagement $52,800$52,800
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $2,884,367 · Management $766,518$3,650,885
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $3,958,722 · Management $1,042$3,959,764
IX-17 TravelPrograms $296,896 · Management $388$297,284
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestPrograms $3,623,321 · Fundraising $5,580$3,628,901
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $4,428,578$4,428,578
IX-23 InsurancePrograms $458,263 · Management $65,229$523,492
IX-24 Other expenses (24a–d)Programs $5,444,057 · Management $1,066,459$6,510,516
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $58,883,337 · Management $7,934,376 · Fundraising $105,620$66,923,333
Part X · Balance sheet $235,327,976 assets, 22 lines filed
Asset lines not itemized here account for $6,058,000; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $18,861,414$11,433,669
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivableStart of year $6,327,684$10,069,704
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $471,743$507,045
X-10c Land, buildings and equipment, netStart of year $114,639,094$206,812,795
X-11 Publicly traded securitiesStart of year $921,058$10,598
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $26,452$436,165
X-16 Total assetsStart of year $147,305,445$235,327,976
X-17 Accounts payable and accrued expensesStart of year $7,441,384$12,459,412
X-20 Tax-exempt bond liabilitiesStart of year $63,709,217$169,556,627
X-24 Unsecured notes and loans payable$16,000,000
X-25 Other liabilitiesStart of year $36,513$498,535
X-26 Total liabilitiesStart of year $111,277,114$198,514,574
X-27 Net assets without donor restrictionsStart of year $9,333,708$10,300,593
X-28 Net assets with donor restrictionsStart of year $26,694,623$26,512,809
X-32 Total net assets or fund balancesStart of year $36,028,331$36,813,402
X-33 Total liabilities and net assetsStart of year $147,305,445$235,327,976
Part XI · Reconciliation of net assets $36,813,402 net assets at year end
XI-1 Total revenue$67,708,404
XI-2 Total expenses$66,923,333
XI-3 Revenue less expenses$785,071
XI-4 Net assets at start of year$36,028,331
XI-10 Net assets at end of year$36,813,402

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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