True North Classical Academy INC

Tax-deductible

Miami, FL501(c)(3)Since 2013EducationEIN 46-4566968

True north provide exceptional education at our schools that serve infants through high school.

501(c)(3) charity; gifts are tax-deductible.
72¢ of each $1 spent went to programs.
$760K 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

FY2025 · 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
4 of 6
filings with a surplus
Average surplus $894K a year · 4% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$760K
to officers and key staff · 2% of spending
Top officer’s pay higher than 53% of similar orgs
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $1.5M
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$54.5M
92% of total assets
Concern: liabilities are 92% of assets; over 80%.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$33.2M
+17% vs prior year
Spent
$31.7M
To programs
72%
Net assets
$5.0M
By yearFY2020–FY2025
Revenue
$33.2M
FY2025▲ +17%
Revenue by fiscal year
FY2020$7.3M
FY2021$11.6M
FY2022$17.9M
FY2023$21.7M
FY2024$28.4M
FY2025$33.2M
Expenses
$31.7M
FY2025▲ +12%
Expenses by fiscal year
FY2020$7.1M
FY2021$9.5M
FY2022$16.1M
FY2023$21.9M
FY2024$28.4M
FY2025$31.7M
Net assets
$5.0M
FY2025▲ +44%
Net assets by fiscal year
FY2020−$200K
FY2021$1.9M
FY2022$3.7M
FY2023$3.5M
FY2024$3.4M
FY2025$5.0M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2015.

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

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $22.7M Management & general 28% · $8.9M

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

Who runs it and what they're paid

9 people listed on the 990; $760K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Director
$252,560Pt VII · Sec A
$180,000Pt VII · Sec A
Director of Teach
$168,685Pt VII · Sec A
$159,211Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A

Paul Powell’s $253K as Executive Director is at the 53rd 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

NameFY2025FY2024FY2023FY2022FY2020
Paul Powell$252,560$144,044———
Mike Bileca$180,000$180,000$180,000$180,000—
Erin Michels$168,685————
Leandro Gonzalez$159,211————
Jose Nodarse—$131,462———
Jeanine Finlay—$131,058———
Marc Snyder————$115,568
Emma Devitt—$110,768———

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 Classical Academy 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 15aNo

Programs and updates

Educates infants through high school students at its schools.

Provided by the organization

This section is blank until True North Classical Academy INC claims this page.

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1 program service account for $22.7M of program spending, described in the organization's own filed words · FY2024.
01

Through its tuition-free charter schools, true north classical academy, inc. Provided access to a high-quality classical education to more than 2,100 students in miami-dade county. Our blue ribbon awarded schools are amongst the highest performing public schools in florida.

$22.7Mprogram expense

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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
See all 5 funders →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$33.2M
Ln 12
Fees for servicesLn 2g$28.9M
Gifts and grantsLn 1h$3.6M
Other incomeLn 4–11$454K
Money outPt IX
$31.7M
Ln 25
Programscol B$22.7M
Managementcol C$8.9M
Owns and owesPt X
$5.0M
net assets · Ln 32
Cash and savingsLn 1–2$8.7M
Total assetsLn 16$59.4M
LiabilitiesLn 26$54.5M
PeoplePt VI, VII
9
listed · VII A
PaidVII A4
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.6M
Government grantsLn 1e$2.1M
Fees for servicesLn 2g$28.9M
Investment incomeLn 3$275K
Other incomeLn 4–11$454K
Total revenueLn 12$33.2M
Assets in detailPt X, end of year
CashLn 1$8.7M
Cash and savings togetherLn 1–2$8.7M
Land, buildings, equipmentLn 10c$35.4M
Other assetsLn 15$13.8M
Total assetsLn 16$59.4M
LiabilitiesLn 26$54.5M
Net assetsLn 32$5.0M
OperationsPt I, VI
EmployeesI 5124
VolunteersI 60
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 FY25End FY25
Cash and savingsLn 1–2$8.1M$8.7M
Land, buildings, equipmentLn 10c$34.3M$35.4M
Total assetsLn 16$58.4M$59.4M
LiabilitiesLn 26$54.9M$54.5M
Net assetsLn 32$3.4M$5.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$592K$325K$267K
Other salaries and wagesLn 7$15.5M$12.3M$3.2M
Pension plan contributionsLn 8$247K$197K$50K
Other employee benefitsLn 9$1.2M$908K$249K
Payroll taxesLn 10$1.1M$856K$235K
Other fees for servicesLn 11g$3.3M$2.2M$1.2M
Office expensesLn 13$2.2M$2.0M$168K
OccupancyLn 16$1.6M$1.6M$83K
InterestLn 20$2.8M$1.5M$1.3M
Depreciation, depletion and amortizationLn 22$2.4M$542K$1.9M
Other expenses (24a–d)Ln 24$663K$410K$253K
Total functional expensesLn 25$31.7M$22.7M$8.9M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $33.2M$31.7M$1.5M$5.0M 990 PDF
FY2024 $28.4M$28.4M−$55K$3.4M 990 PDF
FY2023 $21.7M$21.9M−$163K$3.5M 990 PDF
FY2022 $17.9M$16.1M$1.8M$3.7M 990 PDF
FY2021 $11.6M$9.5M$2.1M$1.9M 990 PDF
FY2020 $7.3M$7.1M$201K−$200K 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 FY2025 990 (4 parts)
Part VIII · Statement of revenue $33,210,174 across 7 lines filed
VIII-1e Government grants$2,062,196
VIII-1f All other contributions, gifts and grants$1,537,914
VIII-1h Total contributions, gifts and grants$3,600,110
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $28,880,870$28,880,870
VIII-3 Investment incomeExcluded from tax $274,781$274,781
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $454,413$454,413
VIII-12 Total revenueRelated to mission $29,335,283 · Unrelated business $0 · Excluded from tax $274,781$33,210,174
Part IX · Statement of functional expenses $31,692,018 across 11 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $324,560 · Management $267,211$591,771
IX-7 Other salaries and wagesPrograms $12,295,796 · Management $3,196,417$15,492,213
IX-8 Pension plan contributionsPrograms $196,789 · Management $50,025$246,814
IX-9 Other employee benefitsPrograms $907,834 · Management $248,937$1,156,771
IX-10 Payroll taxesPrograms $856,167 · Management $234,770$1,090,937
IX-11g Other fees for servicesPrograms $2,156,600 · Management $1,189,354$3,345,954
IX-13 Office expensesPrograms $2,040,621 · Management $167,703$2,208,324
IX-16 OccupancyPrograms $1,558,626 · Management $82,681$1,641,307
IX-20 InterestPrograms $1,458,162 · Management $1,348,088$2,806,250
IX-22 Depreciation, depletion and amortizationPrograms $542,273 · Management $1,906,147$2,448,420
IX-24 Other expenses (24a–d)Programs $409,886 · Management $253,371$663,257
IX-25 Total functional expensesPrograms $22,747,314 · Management $8,944,704 · Fundraising $0$31,692,018
Part X · Balance sheet $59,418,947 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $8,059,165$8,738,051
X-3 Pledges and grants receivableStart of year $992,813$354,086
X-9 Prepaid expenses and deferred chargesStart of year $501,076$1,156,358
X-10c Land, buildings and equipment, netStart of year $34,292,993$35,395,898
X-15 Other assetsStart of year $14,504,515$13,774,554
X-16 Total assetsStart of year $58,350,562$59,418,947
X-17 Accounts payable and accrued expensesStart of year $1,273,992$1,746,763
X-19 Deferred revenueStart of year $209,605$213,925
X-24 Unsecured notes and loans payableStart of year $37,701,164$37,522,771
X-25 Other liabilitiesStart of year $15,396,881$14,973,412
X-26 Total liabilitiesStart of year $54,906,642$54,456,871
X-27 Net assets without donor restrictionsStart of year $3,443,920$4,962,076
X-32 Total net assets or fund balancesStart of year $3,443,920$4,962,076
X-33 Total liabilities and net assetsStart of year $58,350,562$59,418,947
Part XI · Reconciliation of net assets $4,962,076 net assets at year end
XI-1 Total revenue$33,210,174
XI-2 Total expenses$31,692,018
XI-3 Revenue less expenses$1,518,156
XI-4 Net assets at start of year$3,443,920
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,962,076

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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