Two Rivers Classical Academy
- Assets
- $536.5k
- Revenue
- $458.4k
- Investments
- $0.0
- Employees
- 21
- Location
- Clive, IA
- Founding
- 07/2019
- Data as of
- 06/2021
- EIN
- 83-0897920
Organization Overview
Two Rivers Classical Academy is located in Clive, IA. The organization was established in 2019. 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 06/2021, Two Rivers Classical Academy employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Two Rivers 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 06/2021, Two Rivers Classical Academy generated $458.4k in total revenue. All expenses for the organization totaled $372.9k during the year ending 06/2021. While expenses have increased by 185.6% per year over the past 3 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZE AND ASSEMBLE THE STAFF, FACILITIES, AND PROGRAMS FOR TWO RIVERS CLASSICAL ACADEMY AND ITS ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATING TWO RIVERS CLASSICAL ACADEMY FOR 127 STUDENTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Karas Director And Secretary | OfficerTrustee | 20 | $6,000 |
Zach Dietrich Director And President | OfficerTrustee | 20 | $6,000 |
Stanley Jensen Director | Trustee | 1 | $6,000 |
Andrew Fogle Director And Treasurer | OfficerTrustee | 1 | $0 |
Nathan Oppman Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $30,494 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,494 |
| Total Program Service Revenue | $427,170 |
| Investment income | $691 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $458,355 |
| 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. | $18,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $252,183 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,088 |
| Payroll taxes | $20,669 |
| Fees for services: Management | $4,161 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,983 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,655 |
| Office expenses | $4,151 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,575 |
| Travel | $29 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,206 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,839 |
| All other expenses | $2,236 |
| Total functional expenses | $372,857 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $88,617 |
| Savings and temporary cash investments | $359,617 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $68,155 |
| 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 | $500 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $19,600 |
| Total assets | $536,489 |
| Accounts payable and accrued expenses | $12,665 |
| Grants payable | $0 |
| Deferred revenue | $376,035 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $388,700 |
| Net assets without donor restrictions | $137,948 |
| Net assets with donor restrictions | $9,841 |
| 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 | $536,489 |
Endowment Analysis
| Beg. Balance | $1,170 |
| Net Contributions | $32,271 |
| Other Expense | $500 |
| Grants | $23,300 |
| Ending Balance | $9,641 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Distinctive Schools Of Illinois Chicago, IL | $2,734,668 | $38,553,382 |
Mc Preparatory School Of Wisconsin Inc Milwaukee, WI | $32,218,906 | $24,578,371 |
Community School Of Excellence St Paul, MN | $17,352,647 | $27,516,288 |
Catalyst Schools Chicago, IL | $23,990,346 | $24,109,090 |
Bernard Zell Anshe Emet Day School Chicago, IL | $69,026,609 | $20,320,544 |
Mounds Park Academy St Paul, MN | $30,504,606 | $18,399,398 |
Academy Of Basic Education Inc Brookfield, WI | $40,498,539 | $16,384,035 |
Summit Christian Academy Lees Summit, MO | $26,556,183 | $15,642,141 |
Near North Montessori School Chicago, IL | $38,573,944 | $16,517,378 |
Noble Academy Brooklyn Park, MN | $14,827,066 | $12,839,269 |
Madison Country Day School Inc Waunakee, WI | $14,581,268 | $10,698,482 |
Hope Academy Inc Minneapolis, MN | $26,555,934 | $13,659,656 |