Wayne Trace Character Academy EIN 84-3777608 Form 990 (PDF) Claim this org

Wayne Trace Character Academy FY2024 filing

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Offers Bible-based character education during school hours. For fiscal year 2024 it reported $29K in revenue, $39K in expenses, and $446K in net assets.Pt I

Founded
2019
Type
Religious organization · Religion
Location
Payne, OH
Filings
4 on file (2021–2024)
Revenue
$29KFY2024
Expenses
$39K
Net assets
$446K
People
4
Filings
4
Updates
0
More identity details & actions ⌄
EIN  84-3777608 Religious organization Payne, OH Founded 2019
Form 990 (PDF)
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2024) →
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Size
<$100K
What they do
Offers Bible-based character education during school hours.
Leadership
Jason Dunham · President
Money in and out
$29K revenue, $39K expenses
Bottom line
92% program efficiency
Where the money goes · FY2024
Total revenue
$29K
Pt VIII · Ln 12
Total expenses
$39K
Pt IX · Ln 25
Net assets
$446K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$9K
Where spending went · Part IX cols B–D
Program services $0.92 Management & general $0.08
Program efficiency
92%
of spending reaches programs
Operating runway
46.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
-32%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$29K
FY2024▼ -54%
Expenses
$39K
FY2024▲ +85%
Total assets
$446K
FY2024▼ -2%
Total liabilities
$0
FY2024
Total revenue
$29K
Pt VIII · Ln 12
Total expenses
$39K
Pt IX · Ln 25
Net assets
$446K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$9K
Total assetsPt X · Ln 16$446K
Program-expense ratioPt IX · col B92%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CWayne Trace Character Academy
EINHdr · item D84-3777608
Principal addressHdr · item CPayne, OH
WebsiteHdr · item Jnone reported
Year of formationHdr · item L2019
State of legal domicileHdr · item MOH
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFReligion (X20)
Ruling yearIRS BMFJun 2020

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $36K of program spending, described in the organization's own filed words · FY2023.
01

Character focused, bible based release time religious instruction program using the lifewise platform for the local wayne trace public school.

$36Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$21K · 73%
Program service revenue$7K · 25%
Investment income$773 · 3%
Contributions & grants73%$21K
Program service revenue25%$7K
Investment income3%$773
Total revenueLn 12$29K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.92 Management & general $0.08
Program services92%$36K
Management & general8%$3K
Total functional expensesLn 25$39K

Balance Sheet

Part X · end of year
CashLn 1$151K
Total assetsLn 16$446K
Total liabilitiesLn 26$0
Total net assetsLn 32$446K
Months of cash on handcomputed46.8

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $151K · Operating expenses/yr $39K
46.8 months
Where the money goes
Program services
Program services $36K · Total expenses $39K
92%
Management & General
Management & general $3K · Total expenses $39K
8%
Fundraising
Fundraising $0 · Total expenses $39K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $51K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $21K · Total revenue $29K
73%
Government reliance
Government grants — · Total revenue $29K
Earned-income share
Program service revenue $7K · Total revenue $29K
25%
Investment reliance
Investment income $773 · Total revenue $29K
+3%
Program self-sufficiency
Program service revenue $7K · Total expenses $39K
19%
Growth & trend
Revenue growth (YoY)
This year $29K · Prior year $63K
-54%
Net-asset trend (YoY)
End of year $446K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $29K · Expenses $39K
-32%
Liabilities-to-Assets
Total liabilities — · Total assets $446K
Net-asset ratio
Net assets $446K · Total assets $446K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $446K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jason Dunham · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $39K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $39K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 92%
Overhead ratio 8%
Fundraising cost ratio 0%
Revenue growth -54%
Investment management fee ratio 0.7%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$29K revenue · viewing · ⤓ 990 PDF
FY2023$63K revenue · ⤓ 990 PDF
FY2022$83K revenue · ⤓ 990 PDF
FY2021$136K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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