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
89 cents of each dollar spent went to programs.
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
11 people listed on the 990; $61K 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.
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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
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Private christian school for approximately 90 students in grades kindergarten 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 FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $161K | $129K |
| Total assetsLn 16 | $161K | $129K |
| LiabilitiesLn 26 | $2K | $0 |
| Net assetsLn 32 | $159K | $129K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $61K | $61K | ||
| Other salaries and wagesLn 7 | $18K | $18K | ||
| Payroll taxesLn 10 | $11K | $11K | ||
| Accounting feesLn 11c | $5K | $4K | $465 | |
| Office expensesLn 13 | $16K | $8K | $8K | |
| OccupancyLn 16 | $75K | $60K | $15K | |
| Conferences, conventions and meetingsLn 19 | $230 | $115 | $115 | |
| InsuranceLn 23 | $9K | $8K | $938 | |
| Other expenses (24a–d)Ln 24 | $37K | $35K | $2K | |
| All other expensesLn 24e | $10K | $9K | $748 | |
| Total functional expensesLn 25 | $243K | $215K | $27K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $301K | $274K | $27K | $156K | 990 PDF |
| FY2024 Viewing | $213K | $243K | −$29K | $129K | 990 PDF |
| FY2023 | $198K | $246K | −$48K | $159K | 990 PDF |
| FY2022 | $194K | $201K | −$7K | $206K | 990 PDF |
| FY2021 | $186K | $195K | −$9K | $220K | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $213,344 revenue, 12 lines filed
Part VI · Governance 10 of 10 board members independent, 4 to look at
Part VIII · Statement of revenue $213,344 across 5 lines filed
Part IX · Statement of functional expenses $242,599 across 10 lines filed
Part X · Balance sheet $129,405 assets, 6 lines filed
Part XI · Reconciliation of net assets $129,405 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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