Trinity Preparatory Academy

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The corporation will operate a school that offers academic classes to students in kindergarten through 12th grade on a part-time basis, in support of a home-centered learning and within a christian worldview. The corporation will have two programs: 1) elementary school for kindergarten through 5th grade students; and 2) upper school for 6th through 12th grade and history/social studies to upper school students, with the additional courses of art and physical education for the elementary school students. Upper school classes will meet national standards for content and be college Preparatory.

501(c)(3) charity; gifts are tax-deductible.
68¢ of each $1 spent went to programs.
Run by 6 volunteers and 51 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $264K a year · 14% of revenue · last 6 filings
A surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
68%
of spending
68% of spending went to programs.
Pt IX · Ln 25 · col B
6.3 mo
of spending, in cash
6.3 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $6K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$9.5M
83% of total assets
Liabilities are 83% of assets.
Pt X · Ln 26
Independent board members
7
of 7 voting members
7 of 7 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$2.7M
+11% vs prior year
Spent
$2.7M
To programs
68%
Net assets
$1.9M
By yearFY2020–FY2025
Revenue
$2.7M
FY2025▲ +11%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.3M
FY2021$1.3M
FY2022$1.9M
FY2023$1.8M
FY2024$2.4M
FY2025$2.7M
Expenses
$2.7M
FY2025▲ +46%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.1M
FY2021$1.1M
FY2022$1.4M
FY2023$1.7M
FY2024$1.8M
FY2025$2.7M
Net assets
$1.9M
FY2025▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2020$473K
FY2021$625K
FY2022$1.1M
FY2023$1.2M
FY2024$1.8M
FY2025$1.9M

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

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2014.

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

Where the money goes

68 cents of each dollar spent went to programs.

Program services 68% · $1.8M Management & general 29% · $765K Fundraising 3% · $92K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Claire Bancroft’s $50K as Director is at the 7th percentile of top reported officer pay among 3395 $1–10M 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 · 2 named individuals · Part VII

NameFY2021FY2020
Claire Bancroft$50,000$43,000
Eureka Harris—$33,556

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 Preparatory Academy 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 15aNo

Programs and updates

Provides part-time academic classes for K-12 students within a Christian worldview.

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1 program · $1.8M · in their own filed words · FY2024
01

Operates a school that offers academic classes to students in kindergarten through 12TH grade on a part time basis.

$1.8Mprogram 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 · FY2025
Total grants receivedfrom 1 funder$6K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$2.7M
Ln 12
Fees for servicesLn 2g$2.5M
Gifts and grantsLn 1h$164K
Other incomeLn 4–11$39K
Money outPt IX
$2.7M
Ln 25
Programscol B$1.8M
Managementcol C$765K
Fundraisingcol D$92K
Owns and owesPt X
$1.9M
net assets · Ln 32
Cash and savingsLn 1–2$1.4M
Total assetsLn 16$11.4M
LiabilitiesLn 26$9.5M
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$164K
Fees for servicesLn 2g$2.5M
Investment incomeLn 3$13K
Other incomeLn 4–11$39K
Total revenueLn 12$2.7M
Assets in detailPt X, end of year
CashLn 1$1.4M
Cash and savings togetherLn 1–2$1.4M
Accounts receivableLn 4$1.5M
Prepaid expenses and deferred chargesLn 9$6K
Land, buildings, equipmentLn 10c$8.3M
Other assetsLn 15$222K
Total assetsLn 16$11.4M
LiabilitiesLn 26$9.5M
Net assetsLn 32$1.9M
OperationsPt I, VI
EmployeesI 551
VolunteersI 66
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13Yes
Records policyVI 14No
3More from this return
BondsSch K, Pt X
Tax-exempt bond debt owedX 20$6.9M
Bond issues listedSch K Pt I2
Raised by those issuesSch K Pt I$7.4M
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$952K$1.4M
Land, buildings, equipmentLn 10c$4.2M$8.3M
Total assetsLn 16$11.4M$11.4M
LiabilitiesLn 26$9.6M$9.5M
Net assetsLn 32$1.8M$1.9M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$1.3M$1.2M$48K
Pension plan contributionsLn 8$9K$5K$5K
Payroll taxesLn 10$97K$92K$5K
Advertising and promotionLn 12$7K$5K$1K
Office expensesLn 13$61K$34K$23K$4K
Information technologyLn 14$32K$18K$12K$2K
OccupancyLn 16$253K$121K$91K$41K
TravelLn 17$2K$2K
InterestLn 20$296K$266K$30K
Depreciation, depletion and amortizationLn 22$464K$464K
InsuranceLn 23$22K$16K$6K
Other expenses (24a–d)Ln 24$131K$22K$71K$38K
All other expensesLn 24e$35K$20K$8K$7K
Total functional expensesLn 25$2.7M$1.8M$765K$92K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Feb 2, 2026 $2.7M$2.7M$12K$1.9M 990 PDF
FY2024Filed with the IRS May 15, 2025 $2.4M$1.8M$584K$1.8M 990 PDF
FY2023Filed with the IRS May 14, 2024 $1.8M$1.7M$144K$1.2M 990 PDF
FY2022Filed with the IRS May 15, 2023 $1.9M$1.4M$479K$1.1M 990 PDF
FY2021Filed with the IRS Nov 4, 2022 $1.3M$1.1M$153K$625K 990 PDF
FY2020Filed with the IRS Aug 31, 2021 $1.3M$1.1M$215K$473K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2025 990
Part I · Summary $2,670,740 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $55,470$164,150
I-9 Program service revenuePrior year $1,915,077$2,454,158
I-10 Investment incomePrior year $27,063$13,045
I-11 Other revenuePrior year $403,791$39,387
I-12 Total revenuePrior year $2,401,401$2,670,740
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $961,716$1,356,154
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $855,961$1,302,995
I-18 Total expensesPrior year $1,817,677$2,659,149
I-19 Revenue less expensesPrior year $583,724$11,591
Part VI · Governance 7 of 7 board members independent, 3 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $2,670,740 across 6 lines filed
Lines not itemized here account for −$63,132 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$164,150
VIII-1h Total contributions, gifts and grants$164,150
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,454,158$2,454,158
VIII-3 Investment incomeExcluded from tax $13,045$13,045
VIII-8 Net income from fundraising events$102,519
VIII-12 Total revenueRelated to mission $2,391,026 · Excluded from tax $13,045$2,670,740
Part IX · Statement of functional expenses $2,659,149 across 13 lines filed
IX-7 Other salaries and wagesPrograms $1,202,264 · Management $48,129$1,250,393
IX-8 Pension plan contributionsPrograms $4,572 · Management $4,677$9,249
IX-10 Payroll taxesPrograms $91,973 · Management $4,539$96,512
IX-12 Advertising and promotionPrograms $5,455 · Management $1,323$6,778
IX-13 Office expensesPrograms $33,576 · Management $23,265 · Fundraising $3,966$60,807
IX-14 Information technologyPrograms $18,034 · Management $11,785 · Fundraising $1,926$31,745
IX-16 OccupancyPrograms $121,211 · Management $90,730 · Fundraising $41,183$253,124
IX-17 TravelManagement $2,242$2,242
IX-20 InterestPrograms $266,104 · Management $29,567$295,671
IX-22 Depreciation, depletion and amortizationManagement $464,040$464,040
IX-23 InsurancePrograms $16,411 · Management $5,900$22,311
IX-24 Other expenses (24a–d)Programs $21,853 · Management $71,012 · Fundraising $38,463$131,328
IX-24e All other expensesPrograms $20,041 · Management $8,171 · Fundraising $6,737$34,949
IX-25 Total functional expensesPrograms $1,801,494 · Management $765,380 · Fundraising $92,275$2,659,149
Part X · Balance sheet $11,370,407 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $952,322$1,389,320
X-4 Accounts receivableStart of year $1,961,907$1,472,276
X-9 Prepaid expenses and deferred chargesStart of year $21,417$6,497
X-10c Land, buildings and equipment, netStart of year $4,202,286$8,280,535
X-15 Other assetsStart of year $4,267,548$221,779
X-16 Total assetsStart of year $11,405,480$11,370,407
X-19 Deferred revenueStart of year $2,021,527$2,271,382
X-20 Tax-exempt bond liabilitiesStart of year $7,084,000$6,884,992
X-25 Other liabilitiesStart of year $468,248$295,212
X-26 Total liabilitiesStart of year $9,573,775$9,451,586
X-31 Retained earnings or endowmentStart of year $1,831,705$1,918,821
X-32 Total net assets or fund balancesStart of year $1,831,705$1,918,821
X-33 Total liabilities and net assetsStart of year $11,405,480$11,370,407
Part XI · Reconciliation of net assets $1,918,821 net assets at year end
XI-1 Total revenue$2,670,740
XI-2 Total expenses$2,659,149
XI-3 Revenue less expenses$11,591
XI-4 Net assets at start of year$1,831,705
XI-9 Other changes in net assets$75,525
XI-10 Net assets at end of year$1,918,821

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

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