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Two Rivers Classical Academy FY2024 filing

Tax-deductible

Wdm, IA501(c)(3)Education EIN 83-0897920Revenue $1.3M in FY2024

On file with the IRStworiversclassical.orgPo Box 65336, 50265-0336 · Wdm, IATax-exempt since Jul 2019School — 170(b)(1)(A)(ii)

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

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
$177K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2024 · 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
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$177K
to officers and key staff · 16% of spending
Fine: pay to officers and key staff is 16% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
13 mo
of spending, in cash
Looks good: 12.9 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
$611K
51% of total assets
Fine: liabilities are 51% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.3M
+28% vs prior year
Spent
$1.1M
To programs
93%
Net assets
$566K
By yearFY2021–FY2025
Revenue
$1.3M
FY2024▲ +28%
Tap a bar for its year
Revenue by fiscal year
FY2021$458K
FY2022$763K
FY2023$988K
FY2024$1.3M
FY2025$1.2M
Expenses
$1.1M
FY2024▲ +33%
Tap a bar for its year
Expenses by fiscal year
FY2021$373K
FY2022$651K
FY2023$832K
FY2024$1.1M
FY2025$1.2M
Net assets
$566K
FY2024▲ +39%
Tap a bar for its year
Net assets by fiscal year
FY2021$148K
FY2022$259K
FY2023$407K
FY2024$566K
FY2025$582K

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 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

93 cents of each dollar spent went to programs.

Program services 93% · $1.0M Management & general 7% · $77K Fundraising 0% · $3K

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

18 people listed on the 990; $177K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Nathan Oppman
Headmaster
$66,232Pt VII · Sec A
Nathan Oppman
Headmaster
$66,232Pt VII · Sec A
Zach Dietrich
Director and Chair
$16,192Pt VII · Sec A
Zach Dietrich
Director and Chair
$16,192Pt VII · Sec A
Andrew Karas
Director
$5,833Pt VII · Sec A
Andrew Karas
Director
$5,833Pt VII · Sec A
$0Pt VII · Sec A
Nick Bal
Director
$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 15aYes

Programs and updates

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

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Provided by the organization

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2 programs · $2.0M · in their own filed words · FY2023
01

Operating two rivers classical academy for 243 students.

$1.0Mprogram expense
02

Operating two rivers classical academy for 243 students.

$1.0Mprogram 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
Amazonsmile FoundationFY2023$273
Total grants receivedfrom 1 funder$273

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.3M
Ln 12
Fees for servicesLn 2g$1.0M
Gifts and grantsLn 1h$226K
Investment incomeLn 3$33K
Money outPt IX
$1.1M
Ln 25
Programscol B$1.0M
Managementcol C$77K
Fundraisingcol D$3K
Owns and owesPt X
$566K
net assets · Ln 32
Cash and savingsLn 1–2$1.2M
Total assetsLn 16$1.2M
LiabilitiesLn 26$611K
PeoplePt VI, VII
18
listed · VII A
PaidVII A6
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$226K
Fees for servicesLn 2g$1.0M
Investment incomeLn 3$33K
Total revenueLn 12$1.3M
Assets in detailPt X, end of year
Cash and savings togetherLn 1–2$1.2M
Total assetsLn 16$1.2M
LiabilitiesLn 26$611K
Net assetsLn 32$566K
OperationsPt I, VI
EmployeesI 521
VolunteersI 650
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.2M$1.2M$16K$582K 990 PDF
FY2024 Viewing $1.3M$1.1M$159K$566K 990 PDF
FY2023 $988K$832K$156K$407K 990 PDF
FY2022 $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 A · Public support O · Explanations
See the full FY2024 990 (1 part)
Part VI · Governance 8 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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
VI-15a Process for setting top official's payYes

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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