Organize and assemble the staff, facilities, and programs for Two Rivers Classical Academy and its activities.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
$92K 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

FY2022 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $106K a year · 11% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$92K
to officers and key staff · 14% of spending
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
12 mo
of spending, in cash
Looks good: 12.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $273
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$909K
78% of total assets
Worth a look: liabilities are 78% of assets; over 65%.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$763K
+66% vs prior year
Spent
$651K
To programs
90%
Net assets
$259K
By yearFY2021–FY2025
Revenue
$763K
FY2022▲ +66%
Tap a bar for its year
Revenue by fiscal year
FY2021$458K
FY2022$763K
FY2023$988K
FY2024$1.3M
FY2025$1.2M
Expenses
$651K
FY2022▲ +74%
Tap a bar for its year
Expenses by fiscal year
FY2021$373K
FY2022$651K
FY2023$832K
FY2024$1.1M
FY2025$1.2M
Net assets
$259K
FY2022▲ +75%
Tap a bar for its year
Net assets by fiscal year
FY2021$148K
FY2022$259K
FY2023$407K
FY2024$566K
FY2025$582K

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2019.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $585K Management & general 7% · $47K Fundraising 3% · $18K

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; $92K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Director & Headmaster
$48,733Pt VII · Sec A
Director and Treasurer
$22,490Pt VII · Sec A
Director and President
$21,206Pt VII · Sec A
Director and Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Nathan Oppman’s $76K as Headmaster is at the 16th 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 · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Nathan Oppman$75,687$66,232$57,813$48,733—
Andrew Karas—$5,833$12,917$22,490$6,000
Zach Dietrich$18,592$16,192$17,250$21,206$6,000
Stanley Jensen————$6,000

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

Provides staff, facilities, and programs for Two Rivers Classical Academy.

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1 program · $585K · in their own filed words · FY2021
01

Operating two rivers classical academy for 199 students.

$585Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$273

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$763K
Ln 12
Fees for servicesLn 2g$718K
Gifts and grantsLn 1h$43K
Investment incomeLn 3$1K
Money outPt IX
$651K
Ln 25
Programscol B$585K
Managementcol C$47K
Fundraisingcol D$18K
Owns and owesPt X
$259K
net assets · Ln 32
Cash and savingsLn 1–2$673K
Total assetsLn 16$1.2M
LiabilitiesLn 26$909K
PeoplePt VI, VII
7
listed · VII A
PaidVII A3
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$43K
Fees for servicesLn 2g$718K
Investment incomeLn 3$1K
Total revenueLn 12$763K
Assets in detailPt X, end of year
CashLn 1$104K
SavingsLn 2$568K
Cash and savings togetherLn 1–2$673K
Other assetsLn 15$20K
Total assetsLn 16$1.2M
LiabilitiesLn 26$909K
Net assetsLn 32$259K
OperationsPt I, VI
EmployeesI 521
VolunteersI 650
Fiscal year endsHeaderJune
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 FY22End FY22
Cash and savingsLn 1–2$448K$673K
Total assetsLn 16$536K$1.2M
LiabilitiesLn 26$389K$909K
Net assetsLn 32$148K$259K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$92K$68K$19K$5K
Other salaries and wagesLn 7$394K$378K$12K$4K
Other employee benefitsLn 9$11K$5K$4K$1K
Payroll taxesLn 10$37K$34K$2K$674
Management feesLn 11a$460$460$0$0
Accounting feesLn 11c$5K$0$5K$0
Advertising and promotionLn 12$5K$0$0$5K
Office expensesLn 13$12K$11K$613$306
Information technologyLn 14$3K$2K$260$0
OccupancyLn 16$39K$39K$0$0
TravelLn 17$7K$4K$650$2K
Conferences, conventions and meetingsLn 19$8K$7K$389$0
InsuranceLn 23$8K$7K$2K$0
Other expenses (24a–d)Ln 24$28K$28K$202$0
Total functional expensesLn 25$651K$585K$47K$18K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.2M$1.2M$16K$582K 990 PDF
FY2024 $1.3M$1.1M$159K$566K 990 PDF
FY2023 $988K$832K$156K$407K 990 PDF
FY2022 Viewing $763K$651K$112K$259K 990 PDF
FY2021 $458K$373K$85K$148K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $762,929 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $30,494$43,367
I-9 Program service revenuePrior year $427,170$718,098
I-10 Investment incomePrior year $691$1,464
I-11 Other revenue$0
I-12 Total revenuePrior year $458,355$762,929
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $292,940$534,888
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $79,917$115,729
I-18 Total expensesPrior year $372,857$650,617
I-19 Revenue less expensesPrior year $85,498$112,312
Part VI · Governance 6 of 6 board members independent, 1 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $762,929 across 5 lines filed
VIII-1f All other contributions, gifts and grants$43,367
VIII-1h Total contributions, gifts and grants$43,367
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$718,098
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $1,464$1,464
VIII-12 Total revenueRelated to mission $718,098 · Unrelated business $0 · Excluded from tax $1,464$762,929
Part IX · Statement of functional expenses $650,617 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $68,069 · Management $19,490 · Fundraising $4,870$92,429
IX-7 Other salaries and wagesPrograms $378,490 · Management $11,830 · Fundraising $3,940$394,260
IX-9 Other employee benefitsPrograms $5,477 · Management $4,390 · Fundraising $1,100$10,967
IX-10 Payroll taxesPrograms $34,162 · Management $2,396 · Fundraising $674$37,232
IX-11a Management feesPrograms $460 · Management $0 · Fundraising $0$460
IX-11c Accounting feesPrograms $0 · Management $5,447 · Fundraising $0$5,447
IX-12 Advertising and promotionPrograms $0 · Management $0 · Fundraising $5,259$5,259
IX-13 Office expensesPrograms $11,331 · Management $613 · Fundraising $306$12,250
IX-14 Information technologyPrograms $2,327 · Management $260 · Fundraising $0$2,587
IX-16 OccupancyPrograms $38,901 · Management $0 · Fundraising $0$38,901
IX-17 TravelPrograms $3,725 · Management $650 · Fundraising $2,160$6,535
IX-19 Conferences, conventions and meetingsPrograms $7,383 · Management $389 · Fundraising $0$7,772
IX-23 InsurancePrograms $6,754 · Management $1,500 · Fundraising $0$8,254
IX-24 Other expenses (24a–d)Programs $28,062 · Management $202 · Fundraising $0$28,264
IX-25 Total functional expensesPrograms $585,141 · Management $47,167 · Fundraising $18,309$650,617
Part X · Balance sheet $1,168,035 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $88,617$104,317
X-2 Savings and temporary cash investmentsStart of year $359,617$568,344
X-4 Accounts receivableStart of year $68,155$475,274
X-9 Prepaid expenses and deferred chargesStart of year $500$500
X-15 Other assetsStart of year $19,600$19,600
X-16 Total assetsStart of year $536,489$1,168,035
X-17 Accounts payable and accrued expensesStart of year $12,665$43,714
X-19 Deferred revenueStart of year $376,035$865,575
X-26 Total liabilitiesStart of year $388,700$909,289
X-27 Net assets without donor restrictionsStart of year $137,948$249,105
X-28 Net assets with donor restrictionsStart of year $9,841$9,641
X-32 Total net assets or fund balancesStart of year $147,789$258,746
X-33 Total liabilities and net assetsStart of year $536,489$1,168,035
Part XI · Reconciliation of net assets $258,746 net assets at year end
XI-1 Total revenue$762,929
XI-2 Total expenses$650,617
XI-3 Revenue less expenses$112,312
XI-4 Net assets at start of year$147,789
XI-10 Net assets at end of year$258,746

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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