Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1998.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
94 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
9 people listed on the 990; $63K paid to officers and key staff.
Shari Hepner’s $63K as Head of School is at the 55th percentile of top reported officer pay among 1613 $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
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| 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.
See Trace Academy INC 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
Guides children to explore God's world, discover their place, and develop character, intellect, and imagination.
Questions for Trace Academy INC
Your first name shows with your question. Trace Academy INC answers here, for everyone.
Private christian school for approximately 65 students in grades kindgergarten through 8TH grade
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $129K | $155K |
| Total assetsLn 16 | $129K | $156K |
| LiabilitiesLn 26 | $0 | $0 |
| Net assetsLn 32 | $129K | $156K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $64K | $64K | ||
| Payroll taxesLn 10 | $5K | $5K | ||
| Accounting feesLn 11c | $12K | $10K | $1K | |
| Other fees for servicesLn 11g | $5K | $5K | ||
| OccupancyLn 16 | $76K | $61K | $15K | |
| InsuranceLn 23 | $9K | $9K | ||
| Other expenses (24a–d)Ln 24 | $75K | $75K | ||
| All other expensesLn 24e | $27K | $27K | ||
| Total functional expensesLn 25 | $274K | $257K | $16K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest ViewingFiled with the IRS Mar 13, 2026 | $301K | $274K | $27K | $156K | 990 PDF |
| FY2024Filed with the IRS May 15, 2025 | $213K | $243K | −$29K | $129K | 990 PDF |
| FY2023Filed with the IRS Jan 18, 2024 | $198K | $246K | −$48K | $159K | 990 PDF |
| FY2022Filed with the IRS May 14, 2023 | $194K | $201K | −$7K | $206K | 990 PDF |
| FY2021Filed with the IRS Sep 10, 2021 | $186K | $195K | −$9K | $220K | 990 PDF |
Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $300,604 revenue, 12 lines filed
Part VI · Governance 9 of 9 board members independent, 4 to look at
Part VIII · Statement of revenue $300,604 across 4 lines filed
Part IX · Statement of functional expenses $273,724 across 8 lines filed
Part X · Balance sheet $156,285 assets, 7 lines filed
Part XI · Reconciliation of net assets $156,285 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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