Nonprofit · EIN 57-0542727
TRIDENT ACADEMY INC
Tax-exempt · MT PLEASANT, SC 29464
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2024 | 990 | $3,066,011 | $2,743,002 | $323,009 | $1,744,053 | $452,308 | $1,291,745 |
| May 31, 2023 | 990 (amended) | $2,713,378 | $2,452,357 | $261,021 | $1,476,755 | $523,901 | $952,854 |
Financial details: 990 for the year ended May 31, 2024
Revenue
- Contributions, gifts and grants
- $834,169
- Program service revenue
- $1,841,070
- Investment income
- $3,037
- Net rental income
- $329,981
- Other revenue
- $387,735
Expenses
- Grants and similar amounts paid
- $147,213
- Compensation of officers, directors and key employees
- $188,856
- Other salaries and wages
- $1,343,199
- Salaries, compensation and benefits (total)
- $1,740,129
- Professional fundraising fees
- $0
- Occupancy
- $225,503
- Travel
- $1,651
- Depreciation
- $14,632
- Program services (functional)
- $2,164,935
- Management and general (functional)
- $429,097
- Fundraising (functional)
- $148,970
Balance sheet and other
- Total assets, start of year
- $1,492,636
- Total assets, end of year
- $1,744,053
- Total liabilities, end of year
- $452,308
- Net assets, end of year
- $1,291,745
- Land, buildings and equipment
- $408,254
- Net assets without donor restrictions
- $1,167,980
- Net assets with donor restrictions
- $123,765
- Gross receipts
- $3,066,011
- Employees
- 46
- Volunteers
- 30
- Year formed
- 1972
- State of legal domicile
- SC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended May 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BETSY FANNING | HEADMASTER Officer | 40 | $165,000 | $23,855 |
| BRANDIE D'ORAZIO | Trustee Trustee or director | 2.5 | $0 | $0 |
| ERIK GLASER | Treasurer Trustee or director, Officer | 2.5 | $0 | $0 |
| COL MYRON C HARRINGTON JR | Trustee Trustee or director | 0.5 | $0 | $0 |
| DIANE TUASIG | Vice President Trustee or director, Officer | 2.5 | $0 | $0 |
| MIKE JERESATY | President Trustee or director, Officer | 2 | $0 | $0 |
| SHARON STEWART | Trustee Trustee or director | 0.5 | $0 | $0 |
| ANDREA MARTIN | Secretary Trustee or director | 0.5 | $0 | $0 |
| ANDY RANKIN | Trustee Trustee or director | 0.5 | $0 | $0 |
990 for the year ended May 31, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BETSY FANNING | HEADMASTER Officer | 40 | $165,000 |
| BRANDIE D'ORAZIO | Trustee Trustee or director, Officer | 2.5 | $0 |
| ERIK GLASER | Treasurer Trustee or director, Officer | 2.5 | $0 |
| COL MYRON C HARRINGTON JR | Trustee Trustee or director | 0.5 | $0 |
| DIANE TUASIG | Vice President Trustee or director | 0.5 | $0 |
| NICK CANNON | Trustee Trustee or director | 0.5 | $0 |
| MIKE JERESATY | President Trustee or director, Officer | 2 | $0 |
| SHARON STEWART | Trustee Trustee or director | 0.5 | $0 |
| ANDREA MARTIN | Secretary Trustee or director, Officer | 0.5 | $0 |
| HACKER BURR | Trustee Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 1455 WAKENDAW RD, MT PLEASANT, SC 29464-9782
- Principal officer (990 for 2023)
- BETSY FANNING, 1455 WAKENDAW RD, MT PLEASANT, SC 294649782
- Signed the 990
- BETSY FANNING, HEADMASTER
- Phone
- (843) 884-7046
- Website
- www.tridentacademy.net
- Return prepared by
- HRG CPAs LLC
Mission
TRIDENT ACADEMY, THROUGH INDIVIDUALIZED, MULTI-SENSORY AND RESEARCH-BASED TEACHING APPROACHES, TRANSFORMS THE LIVES OF COGNITIVELY CAPABLE K-12 CHILDREN DIAGNOSED WITH LEARNING DIFFERENCES.
Program accomplishments
- FORM 990 - ORGANIZATION'S MISSION OR MOST SIGNIFICANT ACTIVITIESTRIDENT ACADEMY, THROUGH INDIVIDUALIZED, MULTI-SENSORY, AND RESEARCH-BASED TEACHINGAPPROACHES, TRANSFORMS THE LIVES OF COGNITIVELY CAPABLE K-12 CHILDREN DIAGNOSED WITH LEARNING DIFFERENCES.TRIDENT ACADEMY IS A SPECIAL PLACE! WE OFFER AN INDIVIDUALIZED DIAGNOSTIC AND PRESCRIPTIVE APPROACH THAT GIVES OUR STUDENTS THE CONFIDENCE AND TOOLS THEY NEED TO SUCCEED HERE AND WHEN TRANSITIONING BACK INTO MORE TRADITIONAL SCHOOL SETTINGS. TRIDENT ACADEMY TRULY FILLS ACRITICAL NEED IN THE LIVES OF OUR STUDENTS AND FAMILIES!AT TRIDENT ACADEMY, WE UNDERSTAND THAT STUDENTS WHO LEARN DIFFERENTLY NEEDTO BE TAUGHT DIFFERENTLY. OUR TEACHERS EMPLOY THE ORTON-GILLINGHAM (OG)APPROACH IN ALL CLASSES WHICH OFFERS A VERY STRUCTURED, DIAGNOSTIC ANDPRESCRIPTIVE APPROACH TO IDENTIFYING AND WORKING WITH EACH STUDENTSINDIVIDUAL NEEDS. STUDENTS ARE TAUGHT TRADITIONAL SUBJECTS USING VARIOUSMULTI-SENSORY TECHNIQUES, EXPERIENCES OUTSIDE OF THE CLASSROOM THATCORRESPOND TO RELEVANT SUBJECT MATTER AND VIA THE INCORPORATION OFASSISTIVE TECHNOLOGY.OUR STUDENT POPULATION IS SMALL COMPARED TO TRADITIONAL SCHOOLS - WE HAD 63STUDENTS IN OUR PROGRAM FOR 2023-2024; HOWEVER, THIS IS BY DESIGN. WEBELIEVE THAT NOT ONLY DOES SMALL CLASSROOM SIZE AND INDIVIDUALIZEDINSTRUCTION HELP OUR STUDENTS BECOME BETTER LEARNERS, BUT IT ALSO HELPSTHEM BUILD CONFIDENCE AND SELF-AWARENESS.RESEARCH OVER THE LAST 25 YEARS SHOWS THE STRIDES STUDENTS CAN MAKE INTHEIR TEST SCORES IN AN AVERAGE ACADEMIC YEAR AT TRIDENT ACADEMY.ANALYZING STANDARDIZED PRE- AND POST- TEST SCORES during the 2023-2024 school year, OUR STUDENTS:VOCABULARY SCORES INCREASED 17.5%COMPREHENSION SCORES INCREASED 25.3%MATHEMATICS SCORES INCREASED 9.70%THE TRIDENT ACADEMY PARENT'S ASSOCIATION (TAPA) RAISES FUNDS AND SUPPORTSCOMMUNITY BUILDING ACTIVITIES LIKE THE FALL FESTIVAL & FIELD DAY. ITRAISES FUNDS THROUGH VARIOUS MEANS SUCH AS PRODUCT SALES AND EVENTS.Expenses $2,164,935 · grants $147,213 · revenue $1,841,070
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Not on file |
| 2024 | May 31, 2025 | October 15, 2025 | Not on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990 on file |
IRS record
- EIN
- 57-0542727
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1973
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B28Z)
- Assets (IRS master file)
- $1,744,053
- Income (IRS master file)
- $3,066,011
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2024 | $3,066,011 | $2,743,002 | $1,744,053 | XML |
| 990 | May 2023 | $2,713,378 | $2,452,357 | $1,476,755 | XML |
| 990 | May 2022 | $2,058,430 | $1,955,050 | $1,027,585 | IRS |
| 990 | May 2021 | – | – | – | IRS |
| 990 | May 2020 | – | – | – | IRS |
| 990 | May 2019 | – | – | – | IRS |
| 990 | May 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 57-0542727).
Questions about TRIDENT ACADEMY INC
- What is the EIN of TRIDENT ACADEMY INC?
- The employer identification number (EIN) of TRIDENT ACADEMY INC is 57-0542727.
- Is TRIDENT ACADEMY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1973.
- Are donations to TRIDENT ACADEMY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TRIDENT ACADEMY INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of TRIDENT ACADEMY INC due?
- The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TRIDENT ACADEMY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended May 2024.
- Who is the principal officer of TRIDENT ACADEMY INC?
- The 990 for the year ended May 31, 2024 names BETSY FANNING.
- Who are the officers and directors of TRIDENT ACADEMY INC?
- The 990 for the year ended May 31, 2024 lists 9 people; 1 received compensation from the organization, the highest $165,000 (BETSY FANNING, HEADMASTER).
- How much revenue does TRIDENT ACADEMY INC have?
- On its 990 for the year ended May 31, 2024 it reported revenue of $3,066,011, expenses of $2,743,002 and total assets of $1,744,053 at year end.
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