2024-02-06T15:12:38-06:00 2023-06-30 561965804 THOMAS JUDY & TUCKER PA 300 WEST MORGAN STREET SUITE 1450 DURHAM NC 27701 990 2022-07-01 561913131 TRINITY ACADEMY OF RALEIGH TRIN 9197860114 10224 BAILEYWICK ROAD RALEIGH NC 27613 DR TIMOTHY BRIDGES HEAD OF SCHOOL 9197860114 2024-02-06 1 DR TIMOTHY BRIDGES 999009999 0 KRISTEN HOYLE CPA P00118964 9195717055 2024-01-31 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z DR TIMOTHY BRIDGES 10224 BAILEYWICK ROAD RALEIGH NC 27613 9961990 0 X WWW.TRINITYACADEMY.COM X 1996 NC THE MISSION OF TRINITY ACADEMY IS TO EQUIP STUDENTS TO LIVE WITH WISDOM, EXCELLENCE, AND PURPOSE IN THE MODERN WORLD BY OFFERING AN EDUCATION GROUNDED IN THE CHRISTIAN FAITH AND THE CLASSICAL TRADITION. 14 13 191 342 0 0 4052662 1313267 7845481 8436915 18745 90246 -19385 624 11897503 9841052 1117822 1155780 0 0 5122617 5616608 0 0 382755 1620672 1951391 7861111 8723779 4036392 1117273 21935627 27380314 10208170 14514120 11727457 12866194 THE MISSION OF TRINITY ACADEMY IS TO EQUIP STUDENTS TO LIVE WITH WISDOM, EXCELLENCE, AND PURPOSE IN THE MODERN WORLD BY OFFERING AN EDUCATION GROUNDED IN THE CHRISTIAN FAITH AND THE CLASSICAL TRADITION. 0 0 6307754 1155780 8435499 PROVIDED ACADEMIC AND CHRISTIAN EDUCATION TO EQUIP STUDENTS WITH THE ABILITY TO LIVE WITH WISDOM, EXCELLENCE AND PURPOSE FOR GRADES TK-12. 6307754 1 1 0 0 0 0 0 0 0 0 1 0 0 1 0 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 45 1 1 191 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 14 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X KRIS HINTON 9197860114 10224 BAILYWICK ROAD RALEIGH NC 27613 TOM KILPATRICK BOARD MEMBER 1.00 X 2900 0 0 DAVID THOMPSON BOARD MEMBER 1.00 X 0 0 0 SARAH GESSNER BOARD MEMBER 1.00 X 0 0 0 FARR CURLIN BOARD MEMBER 1.00 X 0 0 0 DANIEL ALEXANDER BOARD MEMBER 1.00 X 0 0 0 MICHAEL DENNING BOARD MEMBER 1.00 X 0 0 0 ALLISON ASHLEY BOARD MEMBER 1.00 X 0 0 0 DOUG MORGAN BOARD MEMBER 1.00 X 0 0 0 KIM REYNOLDS GARNAS BOARD MEMBER 1.00 X 0 0 0 MONIQUE FEAST BOARD MEMBER 1.00 X 0 0 0 MATT BRUBAKER BOARD MEMBER 1.00 X 0 0 0 ALLISON HINKLE BOARD MEMBER 1.00 X 0 0 0 SCOTT BOLIN CHAIRMAN 1.00 X X 0 0 0 SARAH ARMSTRONG TREASURER 1.00 X X 0 0 0 DR TIMOTHY BRIDGES HEAD OF SCHOOL 40.00 X 139519 0 16480 142419 0 16480 1 0 1 0 AMERICOURT SPORT SURFACES 6221 MOUNT HERMAN ROAD RALEIGH NC 27617 NEW SPORTS COURT 353180 1 262437 1050830 81116 1313267 TUITION AND FEES 611600 8219405 8219405 ACTIVITY CENTER SPONSO 611600 107722 107722 EXTENDED LEARNING 900099 85005 85005 STUDENT ACTIVITIES 611600 24783 24783 8436915 98748 98748 24000 0 24000 24000 24000 0 8502 -8502 -8502 -8502 81974 262437 112436 -30462 -30462 OTHER INCOME 900099 7086 7086 7086 9841052 8435499 0 92286 1155780 1155780 162149 104568 51422 6159 4607139 2971108 1461038 174993 169028 109005 53603 6420 323235 208452 102506 12277 355057 228973 112598 13486 3278 2695 583 19000 15620 3380 169420 169420 127691 112389 15302 68023 55921 12102 390250 320824 69426 141854 116618 25236 382036 314071 67965 103767 103767 ATHLETICS 272393 272393 CURRICULUM AND SUPPLIES 129581 129581 BAD DEBTS 58109 58109 ANNUAL FUND - STRATEGIC 47331 47331 38658 38658 8723779 6307754 2033270 382755 226983 368344 10058978 4805598 1522750 761168 137717 230290 50000 40000 186925 16273 13578953 5006738 8175691 8572215 4827649 1576583 7758777 21935627 27380314 309691 960301 5083540 5825370 4691088 7643420 123851 85029 10208170 14514120 X 6533196 10461628 5194261 2404566 11727457 12866194 21935627 27380314 1117273 21464 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3211517 3211517 8490609 4014054 4476555 1044201 578225 465976 832626 414459 418167 8572215 CIP 7758777 7758777 SELF INSURED HEALTH INSURANCE LIABILITY 85029 85029 X 8706736 21464 21464 8685272 1155780 1155780 9841052 7567999 0 7567999 1155780 1155780 8723779 PART X, LINE 2: THE ACADEMY IS EXEMPT FROM INCOME TAXES AS A NOT-FOR-PROFIT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. U.S. GAAP REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ACADEMY AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE ACADEMY HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE LIKELY THAN NOT WOULD BE SUSTAINED UPON EXAMINATION BY THE APPLICABLE AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ACADEMY, AND HAS CONCLUDED THAT AS OF JUNE 30, 2023, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ACADEMY IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 1,155,780. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 1,155,780. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 ADVERTISEMENTS IN NEWSPAPER AND BROADCAST MEDIA CONTAINED NONDISCRIMINATORY LANGUAGE. EXCEPTIONAL EVENING 262437 262437 7696 68855 SILENT AUCTION 57077 57077 15701 13413 2 24897 24897 6771 344411 262437 81974 15701 7696 89039 112436 -30462 1 SCHOLARSHIPS AND TUITION ASSISTANCE 185 1155780 0 0 0 0 0 0 0 0 0 DR TIMOTHY BRIDGES HEAD OF SCHOOL 139519 0 0 0 0 0 7844 0 8636 0 155999 0 0 0 TIMOTHY BRIDGES HEAD OF SCHOOL RELOCATION AND HOUSING ASSISTANCE X 50000 40000 0 1 1 40000 SARAH ALEXANDER MARRIED TO BOARD MEMBER DANIEL ALEXANDER 49444 EMPLOYEE OF ORGANIZATION 0 DAVID ALEXANDER CHILD OF BOARD MEMBER DANIEL ALEXANDER 2732 EMPLOYEE OF ORGANIZATION 0 AVERY ALEXANDER CHILD OF BOARD MEMBER DANIEL ALEXANDER 859 EMPLOYEE OF ORGANIZATION 0 X CONSTRUCTRUCTION MATERIALS 2 74301 FMV X BLINDS 1 6340 FMV X OFFICE SUPPLIES 1 475 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT OF THE 990 IS REVIEWED AND APPROVED BY THE FINANCE COMMITTEE OF TRINITY'S BOARD OF DIRECTORS. UPON APPROVAL BY THE FINANCE COMMITTEE, THE CHAIR OF THE FINANCE COMMITTEE PRESENTS THE 990 TO THE FULL BOARD PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD-DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT THAT AFFIRMS SUCH PERSON HAS RECEIVED THE CONFLICT OF INTEREST POLICY AND HAS READ, UNDERSTANDS AND COMPLIES WITH THE POLICY. ANY INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF A POSSIBLE CONFLICT OF INTEREST AND PRESENT ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS. THE GOVERNING BOARD AND COMMITTEE MEMBERS WILL DISCUSS AND DETERMINE THE EXISTENCE OF A CONFLICT OF INTEREST IN THE ABSENCE OF THE INTERESTED PARTY. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD APPROVES A CONTRACT WITH FIXED INDICATORS FOR COMPENSATION OVER A PERIOD OF TIME. ANNUAL REVIEW AND COMPENSATION RECOMMENDATIONS ARE DONE BY THE HEAD SUPPORT AND EVALUATION COMMITTEE. AT THE END OF THE CONTRACT THE HEAD SUPPORT AND EVALUATION COMMITTEE WILL MAINTAIN THEIR RESPONSIBILITY, THOUGH THE BOARD WILL BE FREE TO RENEGOTIATE TERMS OF CONTRACT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C THE FINANCIAL STATEMENT IS GENERATED IN CONJUNCTION WITH TRINITY'S CHIEF FINANCIAL OFFICER. THE DRAFT IS THEN PRESENTED TO THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS TO BE REVIEWED AND APPROVED. ONCE IT IS APPROVED, IT IS THEN PRESENTED TO THE GOVERNING BOARD PRIOR TO BEING RELEASED.