Trident Academy INC FY2019 filing

Tax-deductible

Mt Pleasant, SC501(c)(3)EducationEIN 57-0542727Revenue $2.3M in FY2019

On file with the IRStridentacademy.net1455 Wakendaw Rd, 29464-9782 · Mt Pleasant, SCTax-exempt since Feb 1973School — 170(b)(1)(A)(ii)

This page gets seen. Tell your story. Claim this org.

Form 990 - organization's mission or most significant activities.Trident Academy, through individualized, multi-sensory and research-based teaching approaches, transforms the lives of cognitively capable k-12 children diagnosed with learning differences.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
$149K 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

FY2019 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $136K a year · 6% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$149K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$292K
45% of total assets
Looks good: liabilities are 45% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.3M
Spent
$2.3M
To programs
85%
Net assets
$354K
By yearFY2019–FY2024
Revenue
$2.3M
FY2019
Tap a bar for its year
Revenue by fiscal year
FY2019$2.3M
FY2020$2.1M
FY2021$2.0M
FY2022$2.1M
FY2023$2.7M
FY2024$3.1M
Expenses
$2.3M
FY2019
Tap a bar for its year
Expenses by fiscal year
FY2019$2.3M
FY2020$2.1M
FY2021$1.9M
FY2022$2.0M
FY2023$2.5M
FY2024$2.7M
Net assets
$354K
FY2019
Tap a bar for its year
Net assets by fiscal year
FY2019$354K
FY2020$377K
FY2021$504K
FY2022$607K
FY2023$953K
FY2024$1.3M

From the FY2019 Form 990 (year ending May 2019) · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2019 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 1973.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $2.0M Management & general 9% · $215K Fundraising 5% · $123K

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

Something off? The org can add a note here. Claim this org to fix it.

Who runs it and what they're paid

11 people listed on the 990; $149K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2018); the FY2019 filing did not itemize Part VII
Headmaster
$148,823Pt VII · Sec A
Business Manage
$0Pt VII · Sec A
Former Trustee
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Betsy Fanning’s $165K as Headmaster is at the 72nd 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 · 1 named individual · Part VII

NameFY2024FY2023FY2021FY2020FY2019
Betsy Fanning$165,000$165,000$155,417$155,636$148,823

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 Trident Academy INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Claim this org to fix it.

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

Transforms lives of K-12 children with learning differences through individualized, multi-sensory teaching.

Questions for Trident Academy INC

Tap to ask. Trident Academy INC sees how many people are interested.

Your first name shows with your question. Trident Academy INC answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

1 program · $2.0M · in their own filed words · FY2018
01

Trident academy is a special place! We are 1 of only 15 schools accreditedby the academy of orton-gillingham practitioners & educators in the nationteaching students with language-based learning disorders.

$2.0Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$5K
Grants paid · 2 grants · $278K · 2019–2023
Unitemized GrantFY2023$147,213
Unitemized GrantFY2019$130,800

By the numbers

The FY2019 990, line by line.

1The main four
Money inPt VIII
$2.3M
Ln 12
Fees for servicesLn 2g$2.0M
Gifts and grantsLn 1h$145K
Other incomeLn 4–11$113K
Money outPt IX
$2.3M
Ln 25
Programscol B$2.0M
Managementcol C$215K
Fundraisingcol D$123K
Owns and owesPt X
$354K
net assets · Ln 32
Cash and savingsLn 1–2$204K
Total assetsLn 16$646K
LiabilitiesLn 26$292K
PeoplePt VI, VII
11
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$145K
Fees for servicesLn 2g$2.0M
Investment incomeLn 3$2K
Other incomeLn 4–11$113K
Gains on assetsLn 7$0
Total revenueLn 12$2.3M
Assets in detailPt X, end of year
CashLn 1$66K
SavingsLn 2$137K
Cash and savings togetherLn 1–2$204K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$273K
Other assetsLn 15$0
Total assetsLn 16$646K
LiabilitiesLn 26$292K
Net assetsLn 32$354K
OperationsPt I, VI
EmployeesI 539
VolunteersI 630
Fiscal year endsHeaderMay
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 FY19End FY19
Cash and savingsLn 1–2$295K$204K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$207K$273K
Total assetsLn 16$723K$646K
LiabilitiesLn 26$365K$292K
Net assetsLn 32$358K$354K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$164K$164K
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$255K$125K$105K$26K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$1.1M$1.0M$5K$42K
Pension plan contributionsLn 8$36K$32K$3K$2K
Other employee benefitsLn 9$84K$72K$7K$4K
Payroll taxesLn 10$95K$82K$8K$5K
Management feesLn 11a$0
Legal feesLn 11b$11K$9K$2K
Accounting feesLn 11c$13K$13K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$23K$12K$7K$5K
Advertising and promotionLn 12$35K$33K$349$1K
Office expensesLn 13$64K$19K$13K$32K
Information technologyLn 14$49K$49K
RoyaltiesLn 15$0
OccupancyLn 16$219K$195K$22K$2K
TravelLn 17$9K$9K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$24K$14K$7K$2K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$11K$10K$425$106
InsuranceLn 23$44K$28K$14K$2K
Other expenses (24a–d)Ln 24$117K$108K$9K
All other expensesLn 24e$0
Total functional expensesLn 25$2.3M$2.0M$215K$123K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $3.1M$2.7M$323K$1.3M 990 PDF
FY2023 $2.7M$2.5M$261K$953K 990 PDF
FY2022 $2.1M$2.0M$103K$607K 990 PDF
FY2021 $2.0M$1.9M$127K$504K 990 PDF
FY2020 $2.1M$2.1M$23K$377K 990 PDF
FY2019 Viewing $2.3M$2.3M−$22K$354K 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 FY2019 990 (6 parts)
Part I · Summary $2,283,424 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $158,348$145,414
I-9 Program service revenuePrior year $2,014,461$2,022,541
I-10 Investment incomePrior year $545$2,021
I-11 Other revenuePrior year $133,915$113,448
I-12 Total revenuePrior year $2,307,269$2,283,424
I-13 Grants and similar amounts paidPrior year $184,675$163,500
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,521,854$1,524,908
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $555,696$616,804
I-18 Total expensesPrior year $2,262,225$2,305,212
I-19 Revenue less expensesPrior year $45,044−$21,788
Part VI · Governance 9 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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 $2,283,424 across 10 lines filed
VIII-1f All other contributions, gifts and grants$145,414
VIII-1h Total contributions, gifts and grants$145,414
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,022,541$2,022,541
VIII-3 Investment incomeExcluded from tax $2,021$2,021
VIII-5 Royalties$0
VIII-6 Net rental income or lossExcluded from tax $104,743$104,743
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $8,705$8,705
VIII-12 Total revenueRelated to mission $2,031,246 · Excluded from tax $106,764$2,283,424
Part IX · Statement of functional expenses $2,305,212 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individualsPrograms $163,500$163,500
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 $125,146 · Management $104,714 · Fundraising $25,541$255,401
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $1,007,319 · Management $5,274 · Fundraising $42,191$1,054,784
IX-8 Pension plan contributionsPrograms $31,506 · Management $3,060 · Fundraising $1,885$36,451
IX-9 Other employee benefitsPrograms $72,211 · Management $7,021 · Fundraising $4,346$83,578
IX-10 Payroll taxesPrograms $81,816 · Management $7,954 · Fundraising $4,924$94,694
IX-11a Management fees$0
IX-11b Legal feesPrograms $8,663 · Management $2,166$10,829
IX-11c Accounting feesManagement $12,650$12,650
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $11,733 · Management $7,040 · Fundraising $4,693$23,466
IX-12 Advertising and promotionPrograms $33,183 · Management $349 · Fundraising $1,397$34,929
IX-13 Office expensesPrograms $19,066 · Management $12,711 · Fundraising $31,777$63,554
IX-14 Information technologyPrograms $48,964$48,964
IX-15 Royalties$0
IX-16 OccupancyPrograms $194,862 · Management $21,895 · Fundraising $2,190$218,947
IX-17 TravelPrograms $8,591$8,591
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $14,496 · Management $7,248 · Fundraising $2,415$24,159
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $10,082 · Management $425 · Fundraising $106$10,613
IX-23 InsurancePrograms $27,915 · Management $14,042 · Fundraising $1,545$43,502
IX-24 Other expenses (24a–d)Programs $108,048 · Management $8,552$116,600
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $1,967,101 · Management $215,101 · Fundraising $123,010$2,305,212
Part X · Balance sheet $646,029 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $67,571$66,496
X-2 Savings and temporary cash investmentsStart of year $227,063$137,368
X-3 Pledges and grants receivableStart of year $116,250$85,750
X-4 Accounts receivableStart of year $44,814$16,267
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $36,012$66,678
X-10c Land, buildings and equipment, netStart of year $206,987$273,470
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $24,750$0
X-16 Total assetsStart of year $723,447$646,029
X-17 Accounts payable and accrued expensesStart of year $227,123$192,890
X-19 Deferred revenueStart of year $126,270$87,074
X-25 Other liabilitiesStart of year $12,000$12,000
X-26 Total liabilitiesStart of year $365,393$291,964
X-32 Total net assets or fund balancesStart of year $358,054$354,065
X-33 Total liabilities and net assetsStart of year $723,447$646,029
Part XI · Reconciliation of net assets $354,065 net assets at year end
XI-1 Total revenue$2,283,424
XI-2 Total expenses$2,305,212
XI-3 Revenue less expenses−$21,788
XI-4 Net assets at start of year$358,054
XI-8 Prior period adjustments$17,799
XI-10 Net assets at end of year$354,065

Form 990 e-file (XML) FY2019 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.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

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.