Trinity Academy Inc
- Assets
- $199.5k
- Revenue
- $645.3k
- Investments
- $5.0
- Employees
- 13
- Location
- Pewaukee, WI
- Founding
- 06/1998
- Data as of
- 06/2023
- EIN
- 39-1914032
Organization Overview
Trinity Academy Inc is located in Pewaukee, WI. The organization was established in 1998. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2023, Trinity Academy Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trinity Academy Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Trinity Academy Inc generated $645.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $518.4k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (10.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE PROVIDED EDUCATIONAL SERVICES FOR GRADES K-12 FOR THE 2021-2022 CALENDAR YEAR. WE HAD 34 STUDENTS ENROLLED THIS YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Mitchell Vice Preside | Officer | 40 | $50,000 |
Dr Elizabeth Mitchell Director | OfficerTrustee | 40 | $31,000 |
Dr Robin Mitchell President | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $104,906 |
| All other contributions, gifts, grants, and similar amounts not included above | $346,282 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $451,188 |
| Total Program Service Revenue | $170,438 |
| Investment income | $3,273 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $20,401 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $645,300 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $81,000 |
| Compensation of current officers, directors, key employees. | $48,600 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $205,786 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $22,193 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,134 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,700 |
| Advertising and promotion | $1,198 |
| Office expenses | $8,711 |
| Information technology | $6,428 |
| Royalties | $0 |
| Occupancy | $80,646 |
| Travel | $357 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,366 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $40,027 |
| Insurance | $27,529 |
| All other expenses | $2,727 |
| Total functional expenses | $518,381 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $130,498 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $63,663 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $5,308 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $199,474 |
| Accounts payable and accrued expenses | $10,166 |
| Grants payable | $0 |
| Deferred revenue | $54,500 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $340,718 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $70,766 |
| Total liabilities | $476,150 |
| Net assets without donor restrictions | -$276,676 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $199,474 |