Trace Academy INC EIN 59-3398298 Form 990 (PDF) Claim this org

Trace Academy INC

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Guides children to explore God's world, discover their place, and develop character, intellect, and imagination. For fiscal year 2025 it reported $301K in revenue, $274K in expenses, and $156K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Orlando, FL
Website
www.traceacademy.com
Filings
5 on file (2021–2025)
Revenue
$301KFY2025
Expenses
$274K
Net assets
$156K
People
9
Filings
5
Updates
0
More identity details & actions ⌄
EIN  59-3398298 Public charity (501(c)(3)) Orlando, FL
Form 990 (PDF)
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Size
$100K–1M
What they do
Guides children to explore God's world, discover their place, and develop character, intellect, and imagination.
Leadership
Shari Hepner · Head of School · $63K
Money in and out
$301K revenue, $274K expenses
Bottom line
94% program efficiency
Where the money goes · FY2025
Total revenue
$301K
Pt VIII · Ln 12
Total expenses
$274K
Pt IX · Ln 25
Net assets
$156K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $27K
Where spending went · Part IX cols B–D
Program services $0.94 Management & general $0.06
Program efficiency
94%
of spending reaches programs▲ +6% vs prior filing year
Operating runway
6.8mo
months of highly liquid reserves at operating expense rate▲ +6% vs prior filing year
Surplus margin
+9%
revenue over expenses, this year▲ +165% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$301K
FY2025▲ +41%
Expenses
$274K
FY2025▲ +13%
Total assets
$156K
FY2025▲ +21%
Total liabilities
$0
FY2025
Total revenue
$301K
Pt VIII · Ln 12
Total expenses
$274K
Pt IX · Ln 25
Net assets
$156K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$27K
Total assetsPt X · Ln 16$156K
Program-expense ratioPt IX · col B94%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CTrace Academy INC
EINHdr · item D59-3398298
Principal addressHdr · item COrlando, FL
WebsiteHdr · item Jwww.traceacademy.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B20Z)
Ruling yearIRS BMFJan 1998

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Head of School
$62,656Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A

Shari Hepner’s $63K as Head of School is at the 55th percentile of top reported officer pay among 1616 $100K–1M 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

NameFY2025FY2024FY2023FY2022FY2021
Shari Hepner$62,656$61,128$58,417$58,645$52,259

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.

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Mission & Programs · Part III

Where the work happens

1 program service account for $257K of program spending, described in the organization's own filed words · FY2024.
01

Private christian school for approximately 65 students in grades kindgergarten through 8TH grade

$257Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$297K · 99%
Other revenue$3K · 1%
Program service revenue99%$297K
Other revenue1%$3K
Investment income$7
Total revenueLn 12$301K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.94 Management & general $0.06
Program services94%$257K
Management & general6%$16K
Total functional expensesLn 25$274K

Balance Sheet

Part X · end of year
CashLn 1$155K
Total assetsLn 16$156K
Total liabilitiesLn 26$0
Total net assetsLn 32$156K
Months of cash on handcomputed6.8

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $155K · Operating expenses/yr $274K
6.8 months
Where the money goes
Program services
Program services $257K · Total expenses $274K
94%
Management & General
Management & general $16K · Total expenses $274K
6%
Fundraising
Fundraising $0 · Total expenses $274K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $2K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $301K
0%
Government reliance
Government grants — · Total revenue $301K
Earned-income share
Program service revenue $297K · Total revenue $301K
99%
Investment reliance
Investment income $7 · Total revenue $301K
<0.01%
Program self-sufficiency
Program service revenue $297K · Total expenses $274K
109%
Growth & trend
Revenue growth (YoY)
This year $301K · Prior year $213K
+41%
Revenue CAGR
FY2020 $186K · FY2024 $301K
+13%
Net-asset trend (YoY)
End of year $156K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $301K · Expenses $274K
+9%
Liabilities-to-Assets
Total liabilities — · Total assets $156K
Net-asset ratio
Net assets $156K · Total assets $156K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $156K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Shari Hepner · Reported title HEAD OF SCHOOL · Highest reported compensation $63K · Total expenses $274K
23%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $69K · Total expenses $274K
25%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 94%
Overhead ratio 6%
Revenue growth 41%
Accounting fee ratio 4%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$307

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$301K revenue · viewing · ⤓ 990 PDF
FY2024$213K revenue · ⤓ 990 PDF
FY2023$198K revenue · ⤓ 990 PDF
FY2022$194K revenue · ⤓ 990 PDF
FY2021$186K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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