Trident Academy INC FY2021 filing

Tax-deductible

Mt Pleasant, SC501(c)(3)EducationEIN 57-0542727Revenue $2.0M in FY2021

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

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.
82¢ of each $1 spent went to programs.
$155K 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

FY2021 · 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
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$155K
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 6.2 months of spending in cash; 3 or more.
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
$884K
64% of total assets
Fine: liabilities are 64% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.0M
-6% vs prior year
Spent
$1.9M
To programs
82%
Net assets
$504K
By yearFY2019–FY2024
Revenue
$2.0M
FY2021▼ -6%
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
$1.9M
FY2021▼ -11%
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
$504K
FY2021▲ +34%
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 FY2021 Form 990 (year ending May 2021) · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2021 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

82 cents of each dollar spent went to programs.

Program services 82% · $1.5M Management & general 12% · $228K Fundraising 6% · $104K

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

Something off? Claim to fix it

Who runs it and what they're paid

8 people listed on the 990; $155K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Headmaster
$155,417Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$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 →

On this list? Claim this org

Something off? Claim 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 org? Add your story

1 program · $1.5M · in their own filed words · FY2020
01

Trident academy is a special place! We are 1 of only 18 schools accreditedby the academy of orton-gillingham practitioners & educators in the nationteaching students with language-based learning disorders.

$1.5Mprogram 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 FY2021 990, line by line.

1The main four
Money inPt VIII
$2.0M
Ln 12
Fees for servicesLn 2g$1.8M
Gifts and grantsLn 1h$110K
Other incomeLn 4–11$75K
Money outPt IX
$1.9M
Ln 25
Programscol B$1.5M
Managementcol C$228K
Fundraisingcol D$104K
Owns and owesPt X
$504K
net assets · Ln 32
Cash and savingsLn 1–2$966K
Total assetsLn 16$1.4M
LiabilitiesLn 26$884K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$110K
Fees for servicesLn 2g$1.8M
Investment incomeLn 3$397
Other incomeLn 4–11$75K
Gains on assetsLn 7$0
Total revenueLn 12$2.0M
Assets in detailPt X, end of year
CashLn 1$642K
SavingsLn 2$324K
Cash and savings togetherLn 1–2$966K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$334K
Other assetsLn 15$0
Total assetsLn 16$1.4M
LiabilitiesLn 26$884K
Net assetsLn 32$504K
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 FY21End FY21
Cash and savingsLn 1–2$486K$966K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$298K$334K
Total assetsLn 16$1.0M$1.4M
LiabilitiesLn 26$633K$884K
Net assetsLn 32$377K$504K
4Every 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$126K$126K
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$155K$67K$68K$20K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$842K$773K$20K$50K
Pension plan contributionsLn 8$38K$31K$5K$3K
Other employee benefitsLn 9$94K$76K$11K$7K
Payroll taxesLn 10$74K$60K$9K$5K
Management feesLn 11a$0
Legal feesLn 11b$16K$13K$3K
Accounting feesLn 11c$16K$16K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$21K$10K$6K$4K
Advertising and promotionLn 12$25K$23K$497$1K
Office expensesLn 13$29K$9K$9K$12K
Information technologyLn 14$45K$45K
RoyaltiesLn 15$0
OccupancyLn 16$187K$166K$19K$2K
TravelLn 17$8K$8K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$7K$4K$2K$726
InterestLn 20$3K$3K$283$28
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$12K$12K$488$122
InsuranceLn 23$100K$50K$50K
Other expenses (24a–d)Ln 24$57K$50K$8K
All other expensesLn 24e$0
Total functional expensesLn 25$1.9M$1.5M$228K$104K

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 Viewing $2.0M$1.9M$127K$504K 990 PDF
FY2020 $2.1M$2.1M$23K$377K 990 PDF
FY2019 $2.3M$2.3M−$22K$354K 990 PDF

More to add? 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 FY2021 990 (6 parts)
Part I · Summary $1,984,366 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $358,451$109,763
I-9 Program service revenuePrior year $1,641,409$1,799,581
I-10 Investment incomePrior year $923$397
I-11 Other revenuePrior year $109,606$74,625
I-12 Total revenuePrior year $2,110,389$1,984,366
I-13 Grants and similar amounts paidPrior year $130,800$125,600
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,439,456$1,204,288
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $517,534$527,282
I-18 Total expensesPrior year $2,087,790$1,857,170
I-19 Revenue less expensesPrior year $22,599$127,196
Part VI · Governance 8 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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 $1,984,366 across 9 lines filed
VIII-1f All other contributions, gifts and grants$109,763
VIII-1h Total contributions, gifts and grants$109,763
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $1,799,581$1,799,581
VIII-3 Investment incomeExcluded from tax $397$397
VIII-5 Royalties$0
VIII-6 Net rental income or lossExcluded from tax $74,625$74,625
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueExcluded from tax $1,874,603$1,984,366
Part IX · Statement of functional expenses $1,857,170 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 recipientsPrograms $125,600$125,600
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $66,829 · Management $68,383 · Fundraising $20,205$155,417
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $772,530 · Management $19,956 · Fundraising $49,890$842,376
IX-8 Pension plan contributionsPrograms $30,663 · Management $4,543 · Fundraising $2,650$37,856
IX-9 Other employee benefitsPrograms $76,477 · Management $11,330 · Fundraising $6,609$94,416
IX-10 Payroll taxesPrograms $60,120 · Management $8,907 · Fundraising $5,196$74,223
IX-11a Management fees$0
IX-11b Legal feesPrograms $13,176 · Management $3,294$16,470
IX-11c Accounting feesManagement $16,250$16,250
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $10,419 · Management $6,251 · Fundraising $4,167$20,837
IX-12 Advertising and promotionPrograms $23,108 · Management $497 · Fundraising $1,242$24,847
IX-13 Office expensesPrograms $8,838 · Management $8,838 · Fundraising $11,784$29,460
IX-14 Information technologyPrograms $44,785$44,785
IX-15 Royalties$0
IX-16 OccupancyPrograms $166,255 · Management $18,680 · Fundraising $1,868$186,803
IX-17 TravelPrograms $8,045$8,045
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $4,356 · Management $2,179 · Fundraising $726$7,261
IX-20 InterestPrograms $2,519 · Management $283 · Fundraising $28$2,830
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $11,589 · Management $488 · Fundraising $122$12,199
IX-23 InsurancePrograms $50,102 · Management $50,103$100,205
IX-24 Other expenses (24a–d)Programs $49,522 · Management $7,768$57,290
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $1,524,933 · Management $227,750 · Fundraising $104,487$1,857,170
Part X · Balance sheet $1,387,621 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $231,377$642,035
X-2 Savings and temporary cash investmentsStart of year $254,776$323,916
X-3 Pledges and grants receivableStart of year $76,800$37,000
X-4 Accounts receivableStart of year $94,330$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $54,620$51,032
X-10c Land, buildings and equipment, netStart of year $297,921$333,638
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 assets$0
X-16 Total assetsStart of year $1,009,824$1,387,621
X-17 Accounts payable and accrued expensesStart of year $208,268$218,002
X-19 Deferred revenueStart of year $141,892$343,056
X-24 Unsecured notes and loans payableStart of year $271,000$310,702
X-25 Other liabilitiesStart of year $12,000$12,001
X-26 Total liabilitiesStart of year $633,160$883,761
X-27 Net assets without donor restrictionsStart of year $157,001$277,650
X-28 Net assets with donor restrictionsStart of year $219,663$226,210
X-32 Total net assets or fund balancesStart of year $376,664$503,860
X-33 Total liabilities and net assetsStart of year $1,009,824$1,387,621
Part XI · Reconciliation of net assets $503,860 net assets at year end
XI-1 Total revenue$1,984,366
XI-2 Total expenses$1,857,170
XI-3 Revenue less expenses$127,196
XI-4 Net assets at start of year$376,664
XI-10 Net assets at end of year$503,860

Form 990 e-file (XML) FY2021 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.

Your org? Add context

Made it to the end? Claim this org

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.