Trinity Classical Academy
- Assets
- $20.8m
- Revenue
- $10.1m
- Investments
- $0.0
- Employees
- 204
- Location
- Valencia, CA
- Founding
- 04/2001
- Data as of
- 06/2023
- EIN
- 95-4790280
Organization Overview
Trinity Classical Academy is located in Valencia, CA. The organization was established in 2001. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2023, Trinity Classical Academy employed 204 individuals. 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 $10.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $9.8m during the year ending 06/2023. While expenses have increased by 4.4% per year over the past 8 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TRINITY CLASSICAL ACADEMY IS A NON-PROFIT, NON-DENOMINATIONAL TK-12 COLLEGE PREPARATORY CHRISTIAN SCHOOL. THE EDUCATION IS GROUNDED IN THE CLASSICAL TRADITION, AND THE CHRISTIAN FAITH. THE STUDENT BODY IS REPRESENTED BY OVER 80 DIFFERENT CHURCHES IN OUR COMMUNITY. TRINITY CLASSICAL ACADEMY IS FUNDED BY TUITION AND THIRD PARTY DONORS.
Describe the Organization's Program Activity:
TRINITY BEGAN ITS 2022-2023 SCHOOL YEAR WITH A FULL TK-6 GRAMMAR SCHOOL AND A 7TH AND 8TH GRADE LOGIC SCHOOL. IN ADDITION, TRINITY HAS A FULL 9TH - 12TH GRADE HIGH SCHOOL. TRINITY GRADUATED ITS 17TH 6TH GRADE CLASS AND 11TH 12TH GRADE CLASS IN 2023. IN ADDITION, EACH STUDENT THAT HAS GRADUATED FROM TRINITY HAS BEEN ACCEPTED FOR ADMITTANCE TO A FOUR YEAR COLLEGE. IN THE 2022-2023 SCHOOL YEAR TRINITY HAD TWO CLASSES K-6TH GRADE. FINALLY, TRINITY ENROLLS LEARNING DISABLED STUDENTS IN OUR "IMAGO DEI" SCHOOL. PROVIDING EDUCATIONAL SERVICES FOR CHILDREN WITH AUTISM AND OTHER LEARNING DESABILITIES. IN THE 2017-2018 SCHOOL YEAR, TRINITY ESTABLISHED THE LIBERTAS PRPARATORY SCHOOL TO SERVE INDIVIDUAL LEARNING STUDENTS OF THE SANTA CLARITA VALLEY. TRINTY CLASSICAL ACADEMY HAD A TOTAL OF 515.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suzanne Ceglia Director | Trustee | 0 | $0 |
Charles Lee Director | Trustee | 0 | $0 |
Thomas Lescher Director | Trustee | 0 | $0 |
Tracy Weaver Director | Trustee | 0 | $0 |
Greg Wolf Director | Trustee | 0 | $0 |
Sarah E Caddow President | Officer | 40 | $202,223 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $154,711 |
| All other contributions, gifts, grants, and similar amounts not included above | $514,584 |
| Noncash contributions included in lines 1a–1f | $3,326 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $669,295 |
| Total Program Service Revenue | $9,293,982 |
| Investment income | $132,207 |
| 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 | $10,095,484 |
| 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. | $211,554 |
| Compensation of current officers, directors, key employees. | $211,554 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,189,260 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $620,597 |
| Payroll taxes | $414,513 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $38,882 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $60,505 |
| Office expenses | $89,695 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $177,643 |
| Travel | $8,968 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $834,046 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $324,869 |
| Insurance | $123,107 |
| All other expenses | $740,389 |
| Total functional expenses | $9,777,772 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,119,088 |
| Savings and temporary cash investments | $949,087 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $829,490 |
| 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 | $210,052 |
| Net Land, buildings, and equipment | $15,704,636 |
| Investments—publicly traded securities | $1,958,465 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $20,770,818 |
| Accounts payable and accrued expenses | $195,392 |
| Grants payable | $0 |
| Deferred revenue | $703,829 |
| Tax-exempt bond liabilities | $15,834,350 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $341,074 |
| Unsecured mortgages and notes payable | $8,848 |
| Other liabilities | $630,794 |
| Total liabilities | $17,714,287 |
| Net assets without donor restrictions | $3,056,531 |
| 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 | $20,770,818 |