Trinity Classical Academy
- Assets
- $9.0m
- Revenue
- $2.1m
- Investments
- $2.0m
- Employees
- 0
- Location
- Waterloo, NE
- Founding
- 01/2016
- Data as of
- 06/2023
- EIN
- 47-5313110
Organization Overview
Trinity Classical Academy is located in Waterloo, NE. The organization was established in 2016. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trinity Classical Academy 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 Classical Academy generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 24.2% each year . All expenses for the organization totaled $2.5m during the year ending 06/2023. While expenses have increased by 32.4% per year over the past 5 years. They've been increasing with an increasing level of total revenue. 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
TRINITY CLASSICAL ACADEMY PARTNERS WITH PARENTS TO EDUCATE THEIR CHILDREN WITH ACADEMIC EXCELLENCE AND CHRISTIAN DISTINCTION THROUGH PRE-K TO 4 EDUCATION UNDER THE RULES OF THE STATE OF NEBRASKA ADMINISTRATIVE CODE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRINITY CLASSICAL ACADEMY PROVIDED PRE-K THROUGH 4 EDUCATION DURING THE 2018-2019 SCHOOL YEAR IN ACCORDANCE WITH THE MISSION STATEMENT AS ABOVE IN ITEM 1. TCA FUNCTIONS AS AN EXEMPT SCHOOL UNDER THE NEBRASKA ADMINISTRATIVE CODE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Thune Director | Trustee | 5 | $0 |
Anna Little Director | Trustee | 5 | $0 |
Cannon Allen Director | Trustee | 5 | $0 |
John Batcher Director | Trustee | 5 | $0 |
Stephanie Dexter Director | Trustee | 5 | $0 |
Phil Belin Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $189,518 |
| All other contributions, gifts, grants, and similar amounts not included above | $139,018 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $328,536 |
| Total Program Service Revenue | $1,396,697 |
| Investment income | $33,445 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $320,364 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,086,382 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $53,129 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,223,090 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $94,372 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,184 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,646 |
| Advertising and promotion | $752 |
| Office expenses | $10,817 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,773 |
| Travel | $12,953 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,726 |
| Interest | $101,713 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $121,902 |
| Insurance | $61,226 |
| All other expenses | $224,806 |
| Total functional expenses | $2,489,419 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $710,214 |
| Savings and temporary cash investments | $1,305,175 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $47,562 |
| 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 | $24,398 |
| Net Land, buildings, and equipment | $4,944,033 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,000,845 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,032,227 |
| Accounts payable and accrued expenses | $585 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,538,698 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $994,454 |
| Total liabilities | $3,533,737 |
| Net assets without donor restrictions | $0 |
| 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 | $5,498,490 |
| Total liabilities and net assets/fund balances | $9,032,227 |