Trinity Home'scool Depot INC FY2020 filing

Tax-deductible

Powder Spgs, GA501(c)(3)ReligionEIN 71-0987136Revenue $570K in FY2020

On file with the IRSheartsacademy.org4010 Fambrough Dr, 30127-3839 · Powder Spgs, GATax-exempt since Oct 2006Publicly supported charity — 170(b)(1)(A)(vi)

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The organization supports homeschooled familes, offering field trips, activities and weekly tutorial classes in a christ-filled environment.

501(c)(3) charity; gifts are tax-deductible.
76¢ of each $1 spent went to programs.
$56K 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

FY2020 · 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
4 of 5
filings with a surplus
Average surplus $29K a year · 4% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$56K
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Fine: 2.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$69K
50% of total assets
Looks good: liabilities are 50% of assets; 50% or less.
Pt X · Ln 26
Independent board members
1
of 7 voting members
Worth a look: 1 of 7 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$570K
Spent
$590K
To programs
76%
Net assets
$69K
By yearFY2020–FY2024
Revenue
$570K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$570K
FY2021$725K
FY2022$703K
FY2023$822K
FY2024$918K
Expenses
$590K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$590K
FY2021$623K
FY2022$674K
FY2023$811K
FY2024$896K
Net assets
$69K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$69K
FY2021$170K
FY2022$200K
FY2023$211K
FY2024$276K

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 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 Oct 2006.

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

Where the money goes

76 cents of each dollar spent went to programs.

Program services 76% · $450K Management & general 24% · $140K

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

7 people listed on the 990; $56K paid to officers and key staff.

Part VII, Section A · reportable compensation
President, Director
$36,000Pt VII · Sec A
Director
$18,600Pt VII · Sec A
Vice President, Director
$1,364Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Kealei Castle’s $43K as President, Director is at the 44th percentile of top reported officer pay among 2133 $100K–1M religion 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 · 4 named individuals · Part VII

NameFY2023FY2022FY2021FY2020
Kealei Castle$42,669$39,344$31,583$36,000
Bonnie Gray——$11,900$18,600
Kaitlyn Lewallen$1,800———
James R Castle—$492$822$1,364

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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides field trips, activities, and classes for homeschooled families in a Christian setting.

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Provided by the organization

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3 programs · $450K · in their own filed words · FY2020
01

Tutoring classes, related testing, and instructional materials. The organization also provided full or discounted scholarships to need-based students. Scholarships provided for the 2020-2021 year totaled approximately $32,622 for 19 students.

$407Kprogram expense
02

Other miscellaneous income from school lunches, application fees, uniforms, year book income, etc.

$22Kprogram expense
03

Sport and extra curricular activities

$21Kprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$570K
Ln 12
Fees for servicesLn 2g$562K
Other incomeLn 4–11$9K
Investment incomeLn 3$14
Money outPt IX
$590K
Ln 25
Programscol B$450K
Managementcol C$140K
Owns and owesPt X
$69K
net assets · Ln 32
Cash and savingsLn 1–2$127K
Total assetsLn 16$138K
LiabilitiesLn 26$69K
PeoplePt VI, VII
7
listed · VII A
PaidVII A3
Voting boardVI 1a7
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$562K
Investment incomeLn 3$14
Other incomeLn 4–11$9K
Total revenueLn 12$570K
Assets in detailPt X, end of year
CashLn 1$127K
Cash and savings togetherLn 1–2$127K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$138K
LiabilitiesLn 26$69K
Net assetsLn 32$69K
OperationsPt I, VI
EmployeesI 523
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$78K$127K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$88K$138K
LiabilitiesLn 26$0$69K
Net assetsLn 32$88K$69K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$33K$33K
Pay of current officers, directors and key staffLn 5$56K$20K$36K
Other salaries and wagesLn 7$252K$223K$29K
Payroll taxesLn 10$28K$22K$6K
Accounting feesLn 11c$4K$4K
Other fees for servicesLn 11g$22K$10K$12K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$28K$28K
Information technologyLn 14$4K$4K
OccupancyLn 16$49K$44K$5K
InterestLn 20$438$438
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$91K$90K$1K
All other expensesLn 24e$17K$7K$10K
Total functional expensesLn 25$590K$450K$140K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $918K$896K$22K$276K 990 PDF
FY2023 $822K$811K$11K$211K 990 PDF
FY2022 $703K$674K$29K$200K 990 PDF
FY2021 $725K$623K$101K$170K 990 PDF
FY2020 Viewing $570K$590K−$19K$69K 990 PDF

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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 FY2020 990 (6 parts)
Part I · Summary $570,486 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $562,965$561,650
I-10 Investment incomePrior year $37$14
I-11 Other revenuePrior year $10,539$8,822
I-12 Total revenuePrior year $573,541$570,486
I-13 Grants and similar amounts paidPrior year $35,284$32,622
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $323,028$336,657
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $207,297$220,424
I-18 Total expensesPrior year $565,609$589,703
I-19 Revenue less expensesPrior year $7,932−$19,217
Part VI · Governance 1 of 7 board members independent, 3 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members1
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $570,486 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $561,650$561,650
VIII-3 Investment incomeExcluded from tax $14$14
VIII-6 Net rental income or lossExcluded from tax $5,194$5,194
VIII-8 Net income from fundraising eventsExcluded from tax $3,628$3,628
VIII-12 Total revenueRelated to mission $561,650 · Unrelated business $0 · Excluded from tax $8,836$570,486
Part IX · Statement of functional expenses $589,703 across 14 lines filed
IX-2 Grants to domestic individualsPrograms $32,622$32,622
IX-5 Pay of current officers, directors and key staffPrograms $19,964 · Management $36,000$55,964
IX-7 Other salaries and wagesPrograms $223,431 · Management $28,800$252,231
IX-10 Payroll taxesPrograms $22,478 · Management $5,984$28,462
IX-11c Accounting feesManagement $4,049$4,049
IX-11g Other fees for servicesPrograms $9,857 · Management $12,480$22,337
IX-12 Advertising and promotionManagement $1,547$1,547
IX-13 Office expensesManagement $27,813$27,813
IX-14 Information technologyManagement $3,756$3,756
IX-16 OccupancyPrograms $44,000 · Management $4,889$48,889
IX-20 InterestPrograms $438$438
IX-23 InsuranceManagement $2,759$2,759
IX-24 Other expenses (24a–d)Programs $89,983 · Management $1,392$91,375
IX-24e All other expensesPrograms $7,048 · Management $10,413$17,461
IX-25 Total functional expensesPrograms $449,821 · Management $139,882 · Fundraising $0$589,703
Part X · Balance sheet $138,106 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $77,894$126,980
X-8 Inventories for sale or useStart of year $10,584$11,126
X-10c Land, buildings and equipment, netStart of year $0$0
X-16 Total assetsStart of year $88,478$138,106
X-17 Accounts payable and accrued expenses$7,973
X-24 Unsecured notes and loans payable$60,872
X-26 Total liabilitiesStart of year $0$68,845
X-32 Total net assets or fund balancesStart of year $88,478$69,261
X-33 Total liabilities and net assetsStart of year $88,478$138,106
Part XI · Reconciliation of net assets $69,261 net assets at year end
XI-1 Total revenue$570,486
XI-2 Total expenses$589,703
XI-3 Revenue less expenses−$19,217
XI-4 Net assets at start of year$88,478
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$69,261

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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