Trinity Basin Preparatory Inc
- Assets
- $147.3m
- Revenue
- $57.4m
- Investments
- $0.0
- Employees
- 856
- Location
- Grand Prairie, TX
- Founding
- 09/1999
- Data as of
- 08/2022
- EIN
- 31-1614490
Organization Overview
Trinity Basin Preparatory Inc is located in Grand Prairie, TX. The organization was established in 1999. 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 08/2022, Trinity Basin Preparatory Inc employed 856 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trinity Basin Preparatory Inc 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 08/2022, Trinity Basin Preparatory Inc generated $57.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.5% each year . All expenses for the organization totaled $51.7m during the year ending 08/2022. While expenses have increased by 13.0% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF TRINITY BASIN PREPARATORY IS TO PROVIDE A MEANINGFUL EDUCATIONAL CHOICE TO FAMILIES ACROSS TEXAS. WE DO THIS BY BUILDING AND MAINTAINING A SYSTEM OF CHARTER SCHOOLS THAT ARE ACADEMICALLY SUCCESSFUL AND FINANCIALLY STRONG. TRINITY BASIN PREPARATORY WILL BE A SAFE, SUSTAINABLE, INNOVATIVE, AND SUCCESSFUL CHARTER DISTRICT, EMPOWERING STUDENTS AND THEIR FAMILIES WITH EDUCATIONAL OPPORTUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE A WELL-ROUNDED AND RIGOROUS EDUCATION TO OUR STUDENTS FOCUSING ON THE CORE ACADEMIC AREAS OF READING, WRITING, MATH, SCIENCE AND SOCIAL STUDIES. EXPECTATIONS ARE VERY HIGH FOR STUDENTS AND FACULTY IN ORDER TO FOSTER AN ENVIRONMENT OF ACHIEVEMENT AND SUCCESS. TEACHERS WHO ARE SUCCESSFUL WITHIN OUR ORGANIZATION UNDERSTAND THE NEED TO REACH EACH INDIVIDUAL STUDENT, REGARDLESS OF ANY PERCEIVED LEARNING BARRIERS. AT TRINITY BASIN PREPARATORY, WE BELIEVE EVERY CHILD CAN SUCCEED, AND OUR TEACHERS, STAFF, AND ADMINISTRATORS ARE ALL DEDICATED TO THAT SUCCESS.IN THE FISCAL YEAR ENDED AUGUST 31, 2022 TBP HAD OVER 4,200 STUDENTS. OVER 90% OF STUDENTS ARE CONSIDERED ECONOMICALLY DISADVANTAGED AND ABOUT 60% WERE CLASSIFIED AS LIMITED ENGLISH PROFICIENT (LEP). DURING THE YEAR TBP SERVED OVER 698,000 TOTAL MEALS OF WHICH OVER 635,000 WERE EITHER FREE OR SOLD AT REDUCED COST. ALL MEALS MEET THE REGULATIONS OUTLINED IN THE FINAL RULE (77 FR 4088) TITLED NUTRITION STANDARDS IN THE NATIONAL SCHOOL LUNCH AND SCHOOL BREAKFAST PROGRAM RELATED TO THE HEALTHY, HUNGER-FREE KIDS ACT IN 2010 AND 2010 DIETARY GUIDELINES FOR AMERICANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randal Shaffer CEO & President | OfficerTrustee | 60 | $312,154 |
Brandon Duck Cdo | Officer | 60 | $159,000 |
Lesley Austin Cao | Officer | 60 | $159,000 |
James Dworkin CFO | Officer | 60 | $81,000 |
Brian Francis COO | Officer | 60 | $71,669 |
Julia Gomez Director | Trustee | 25 | $33,247 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Procomputing Corporation Technology | 8/30/22 | $473,721 |
Butler-cohen Designbuild General Contractor | 8/30/22 | $4,313,501 |
Pbs Of Texas Predictable Cleaning And Sanitation | 8/30/22 | $739,779 |
Twelve Oaks Catering Food Catering | 8/30/22 | $1,192,749 |
Cdw-government Technology | 8/30/22 | $2,200,379 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $12,307,223 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,307,223 |
| Total Program Service Revenue | $45,049,305 |
| Investment income | $70,025 |
| 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 | $57,426,553 |
| 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. | $1,160,388 |
| Compensation of current officers, directors, key employees. | $754,252 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $30,125,186 |
| Pension plan accruals and contributions | $1,633,141 |
| Other employee benefits | $1,410,164 |
| Payroll taxes | $443,058 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,399 |
| Fees for services: Accounting | $49,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,047,909 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,855,650 |
| Travel | $48,042 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,326,095 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,225,512 |
| Insurance | $416,512 |
| All other expenses | $0 |
| Total functional expenses | $51,723,266 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,861,414 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $6,327,684 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,058,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $471,743 |
| Net Land, buildings, and equipment | $114,639,094 |
| Investments—publicly traded securities | $921,058 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $26,452 |
| Total assets | $147,305,445 |
| Accounts payable and accrued expenses | $7,441,384 |
| Grants payable | $0 |
| Deferred revenue | $90,000 |
| Tax-exempt bond liabilities | $63,709,217 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $40,000,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $36,513 |
| Total liabilities | $111,277,114 |
| Net assets without donor restrictions | $9,333,708 |
| Net assets with donor restrictions | $26,694,623 |
| 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 | $147,305,445 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Trinity Basin Preparatory Inc has recieved totaling $80,943.
| Awarding Organization | Amount |
|---|---|
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $80,943 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Inspirenola Charter Schools New Orleans, LA | $22,382,887 | $74,884,221 |
Kinkaid School Inc Houston, TX | $122,042,370 | $52,090,713 |
St Johns School Houston, TX | $423,318,238 | $58,605,665 |
Hockaday School Dallas, TX | $327,432,445 | $61,281,462 |
Trinity Basin Preparatory Inc Grand Prairie, TX | $147,305,445 | $57,426,553 |
Greenhill School Addison, TX | $147,490,301 | $53,613,950 |
St Marks School Of Texas Dallas, TX | $307,638,954 | $39,530,532 |
Tlc Academy San Angelo, TX | $61,295,304 | $42,259,776 |
Episcopal School Of Dallas Inc Dallas, TX | $115,874,541 | $40,283,303 |
John Cooper School The Woodlands, TX | $108,804,128 | $40,380,579 |
Fort Worth Country Day School Inc Fort Worth, TX | $119,263,068 | $39,582,011 |
Faith Family Kids Inc Desoto, TX | $30,662,985 | $39,123,210 |