Trident Academy Inc
- Assets
- $1.0m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 46
- Location
- Mt Pleasant, SC
- Founding
- 02/1973
- Data as of
- 05/2023
- EIN
- 57-0542727
Organization Overview
Trident Academy Inc is located in Mt Pleasant, SC. The organization was established in 1973. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 05/2023, Trident Academy Inc employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trident Academy 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 05/2023, Trident Academy Inc generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.1% each year . All expenses for the organization totaled $2.4m during the year ending 05/2023. While expenses have increased by 3.2% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TRIDENT ACADEMY, THROUGH INDIVIDUALIZED, MULTI-SENSORY AND RESEARCH-BASED TEACHING APPROACHES, TRANSFORMS THE LIVES OF COGNITIVELY CAPABLE K-12 CHILDREN DIAGNOSED WITH LEARNING DIFFERENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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 FOR TEACHING STUDENTS WITH LANGUAGE-BASED LEARNING DISORDERS 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 A CRITICAL 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 66STUDENTS IN OUR PROGRAM FOR 2022-2023; 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.ANALYZING STANDARDIZED PRE- AND POST- TEST SCORES DURING THE 2022-2023 SCHOOL YEAR, OUR STUDENTS:VOCABULARY SCORES INCREASED 26%COMPREHENSION SCORES INCREASED 33%MATHEMATICS SCORES INCREASED 27%DURING THE 2021-2022 SCHOOL YEAR,VOCABULARY SCORES INCREASED 12.9%COMPREHENSION SCORES INCREASED 2.25%MATHEMATICS SCORES INCREASED 10.23%THE TRIDENT ACADEMY PARENT'S ASSOCIATION (TAPA) RAISES FUNDS TO SUPPORTCOMMUNITY BUILDING ACTIVITIES LIKE THE FALL FESTIVAL & FIELD DAY. ITRAISES FUNDS THROUGH VARIOUS MEANS SUCH AS PRODUCT SALES AND EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Betsy Fanning Headmaster | Officer | 40 | $165,000 |
Brandie D'orazio Trustee | OfficerTrustee | 2.5 | $0 |
Erik Glaser Treasurer | OfficerTrustee | 2.5 | $0 |
Col Myron C Harrington Jr Trustee | Trustee | 0.5 | $0 |
Diane Tuasig Vice President | Trustee | 0.5 | $0 |
Nick Cannon Trustee | Trustee | 0.5 | $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 | $274,357 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $274,357 |
| Total Program Service Revenue | $1,874,299 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $273,851 |
| 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 | $2,423,202 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $125,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $183,411 |
| Compensation of current officers, directors, key employees. | $73,364 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,153,928 |
| Pension plan accruals and contributions | $33,065 |
| Other employee benefits | $99,941 |
| Payroll taxes | $95,678 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $117,571 |
| Advertising and promotion | $19,743 |
| Office expenses | $14,229 |
| Information technology | $29,040 |
| Royalties | $0 |
| Occupancy | $172,231 |
| Travel | $9,082 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,680 |
| Interest | $2,343 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,517 |
| Insurance | $102,618 |
| All other expenses | $41,677 |
| Total functional expenses | $2,363,922 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $591,276 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $32,223 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,748 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $41,314 |
| Net Land, buildings, and equipment | $353,057 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $24,000 |
| Total assets | $1,043,618 |
| Accounts payable and accrued expenses | $70,123 |
| Grants payable | $0 |
| Deferred revenue | $108,565 |
| 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 | $22,251 |
| Other liabilities | $12,000 |
| Total liabilities | $212,939 |
| Net assets without donor restrictions | $668,630 |
| Net assets with donor restrictions | $162,049 |
| 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 | $1,043,618 |