Trinity Preparatory Academy FY2022 filing

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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.

Form 990 Part I, line 1, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 46-5372106) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
40¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
40%
of spending
40% of spending went to programs.
Pt IX · Ln 25 · col B
19.0 mo
of spending, in cash
19.0 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
$4.5M
80% of total assets
Liabilities are 80% of assets.
Pt X · Ln 26
Independent board members
5
of 5 voting members
5 of 5 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$1.9M
+49% vs prior year
Spent
$1.4M
To programs
40%
Net assets
$1.1M
By yearFY2020–FY2025
Revenue
$1.9M
FY2022▲ +49%
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
$1.4M
FY2022▲ +27%
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
$1.1M
FY2022▲ +77%
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 FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

You’re viewing the FY2022 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 2014.

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

Where the money goes

40 cents of each dollar spent went to programs.

Program services 40% · $561K Management & general 57% · $797K Fundraising 3% · $47K

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.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 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
Head of Scho
$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 · $561K · in their own filed words · FY2021
01

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

Form 990 Part III, line 4, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 46-5372106) · Dispute this line
$561Kprogram 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$1.9M
Ln 12
Fees for servicesLn 2g$1.4M
Gifts and grantsLn 1h$341K
Investment incomeLn 3$80K
Money outPt IX
$1.4M
Ln 25
Programscol B$561K
Managementcol C$797K
Fundraisingcol D$47K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$2.2M
Total assetsLn 16$5.6M
LiabilitiesLn 26$4.5M
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$341K
Fundraising eventsLn 1c$327K
Fees for servicesLn 2g$1.4M
Investment incomeLn 3$80K
Other incomeLn 4–11$54K
Gains on assetsLn 7$80K
Total revenueLn 12$1.9M
Assets in detailPt X, end of year
CashLn 1$2.2M
Cash and savings togetherLn 1–2$2.2M
Accounts receivableLn 4$1.1M
Land, buildings, equipmentLn 10c$800K
Other assetsLn 15$1.4M
Total assetsLn 16$5.6M
LiabilitiesLn 26$4.5M
Net assetsLn 32$1.1M
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$3.2M
Bond issues listedSch K Pt I1
Raised by those issuesSch K Pt I$3.4M
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$3.0M$2.2M
Land, buildings, equipmentLn 10c$930K$800K
Total assetsLn 16$5.1M$5.6M
LiabilitiesLn 26$4.5M$4.5M
Net assetsLn 32$625K$1.1M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$725K$495K$220K$10K
Pension plan contributionsLn 8$6K$493$5K
Payroll taxesLn 10$57K$5K$52K
Advertising and promotionLn 12$13K$2K$11K$376
Office expensesLn 13$40K$23K$12K$4K
Information technologyLn 14$16K$12K$5K
OccupancyLn 16$320K$8K$312K
InterestLn 20$107K$107K
Depreciation, depletion and amortizationLn 22$22K$22K
InsuranceLn 23$19K$19K
Other expenses (24a–d)Ln 24$69K$13K$29K$27K
All other expensesLn 24e$11K$2K$3K$5K
Total functional expensesLn 25$1.4M$561K$797K$47K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled 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
FY2022 ViewingFiled 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 FY2022 990
Part I · Summary $1,884,211 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $133,804$340,826
I-9 Program service revenuePrior year $1,101,624$1,408,879
I-10 Investment incomePrior year $153$80,019
I-11 Other revenuePrior year $25,838$54,487
I-12 Total revenuePrior year $1,261,419$1,884,211
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $696,518$787,841
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $412,368$617,317
I-18 Total expensesPrior year $1,108,886$1,405,158
I-19 Revenue less expensesPrior year $152,533$479,053
Part VI · Governance 5 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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 $1,884,211 across 9 lines filed
Lines not itemized here account for −$4,440 of total revenue; see the IRS return.
VIII-1c Fundraising events$327,065
VIII-1f All other contributions, gifts and grants$13,761
VIII-1h Total contributions, gifts and grants$340,826
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,408,879$1,408,879
VIII-3 Investment incomeExcluded from tax $392$392
VIII-7 Net gain or loss on sales of assetsRelated to mission $79,627$79,627
VIII-8 Net income from fundraising events−$12,061
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $70,988$70,988
VIII-12 Total revenueRelated to mission $1,484,066 · Excluded from tax $71,380$1,884,211
Part IX · Statement of functional expenses $1,405,158 across 12 lines filed
IX-7 Other salaries and wagesPrograms $495,069 · Management $220,041 · Fundraising $9,750$724,860
IX-8 Pension plan contributionsPrograms $493 · Management $5,309$5,802
IX-10 Payroll taxesPrograms $4,802 · Management $52,377$57,179
IX-12 Advertising and promotionPrograms $1,960 · Management $10,681 · Fundraising $376$13,017
IX-13 Office expensesPrograms $23,313 · Management $12,120 · Fundraising $4,224$39,657
IX-14 Information technologyPrograms $11,758 · Management $4,517$16,275
IX-16 OccupancyPrograms $8,180 · Management $311,551$319,731
IX-20 InterestManagement $106,849$106,849
IX-22 Depreciation, depletion and amortizationManagement $22,269$22,269
IX-23 InsuranceManagement $19,283$19,283
IX-24 Other expenses (24a–d)Programs $12,891 · Management $28,567 · Fundraising $27,453$68,911
IX-24e All other expensesPrograms $2,393 · Management $3,470 · Fundraising $5,462$11,325
IX-25 Total functional expensesPrograms $560,859 · Management $797,034 · Fundraising $47,265$1,405,158
Part X · Balance sheet $5,564,645 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $3,044,935$2,229,499
X-4 Accounts receivableStart of year $1,054,108$1,113,559
X-10c Land, buildings and equipment, netStart of year $929,899$799,817
X-15 Other assetsStart of year $99,499$1,421,770
X-16 Total assetsStart of year $5,130,691$5,564,645
X-19 Deferred revenueStart of year $1,161,718$1,234,173
X-20 Tax-exempt bond liabilitiesStart of year $3,264,145$3,177,382
X-25 Other liabilitiesStart of year $2,433$48,995
X-26 Total liabilitiesStart of year $4,505,532$4,460,550
X-31 Retained earnings or endowmentStart of year $625,159$1,104,095
X-32 Total net assets or fund balancesStart of year $625,159$1,104,095
X-33 Total liabilities and net assetsStart of year $5,130,691$5,564,645
Part XI · Reconciliation of net assets $1,104,095 net assets at year end
XI-1 Total revenue$1,884,211
XI-2 Total expenses$1,405,158
XI-3 Revenue less expenses$479,053
XI-4 Net assets at start of year$625,159
XI-9 Other changes in net assets−$117
XI-10 Net assets at end of year$1,104,095

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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