Two Rivers Classical Academy
- Assets
- $1.2m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 45
- Location
- Des Moines, IA
- Founding
- 07/2019
- Data as of
- 06/2024
- EIN
- 83-0897920
Organization Overview
Two Rivers Classical Academy is located in Des Moines, IA. The organization was established in 2019. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2024, Two Rivers Classical Academy employed 45 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Two Rivers 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 06/2024, Two Rivers Classical Academy generated $1.3m in total revenue. All expenses for the organization totaled $1.1m during the year ending 06/2024. While expenses have increased by 132.8% per year over the past 5 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZE AND ASSEMBLE THE STAFF, FACILITIES, AND PROGRAMS FOR TWO RIVERS CLASSICAL ACADEMY AND ITS ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATING TWO RIVERS CLASSICAL ACADEMY FOR 243 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nathan Oppman Headmaster | Officer | 40 | $66,232 |
Zach Dietrich Director And Chair | OfficerTrustee | 20 | $16,192 |
Andrew Karas Director | Trustee | 5 | $5,833 |
Andrew Fogle Director And Treasurer | OfficerTrustee | 1 | $0 |
Elizabeth Bomer Director And Secretary | OfficerTrustee | 1 | $0 |
Stanley Jensen Director | Trustee | 1 | $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 | $226,143 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $226,143 |
| Total Program Service Revenue | $1,037,019 |
| Investment income | $33,307 |
| 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 | $1,296,635 |
| 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. | $24,117 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $675,902 |
| Pension plan accruals and contributions | $20,000 |
| Other employee benefits | $0 |
| Payroll taxes | $53,551 |
| Fees for services: Management | $10,587 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,569 |
| Office expenses | $19,161 |
| Information technology | $7,376 |
| Royalties | $0 |
| Occupancy | $71,248 |
| Travel | $15,263 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,161 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,315 |
| All other expenses | $13,412 |
| Total functional expenses | $1,093,659 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,233 |
| Savings and temporary cash investments | $1,165,490 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,444 |
| 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 | $500 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $19,600 |
| Total assets | $1,221,267 |
| Accounts payable and accrued expenses | $99,605 |
| Grants payable | $0 |
| Deferred revenue | $511,694 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $611,299 |
| Net assets without donor restrictions | $605,187 |
| Net assets with donor restrictions | $4,781 |
| 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 | $1,221,267 |