Triumph Academy
- Assets
- $481.3k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Duarte, CA
- Founding
- Data as of
- 06/2020
- EIN
- 84-2244178
Organization Overview
Triumph Academy is located in Duarte, CA. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Triumph Academy is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE A HIGH STANDARD OF EDUCATION TO STUDENTS THROUGH COMPREHENSIVE CURRICULUM SUPPORTED BY ENREGETIC, DYNAMIC, AND CARING TEACHERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE A VIRTUAL CURRICULUM MODEL THAT EMPHASIZES MEETING INDIVIDUAL STUDENTS' NEEDS FOR MEETING THE CALIFORNIA COMMON CORE STATE STANDARDS FOR THEIR GRADE LEVEL.
PROVIDE A VIRTUAL CURRICULUM MODEL THAT EMPHASIZES MEETING INDIVIDUAL STUDENTS' NEEDS FOR MEETING THE CALIFORNIA COMMON CORE STATE STANDARDS FOR THEIR GRADE LEVEL.
PROVIDE A VIRTUAL CURRICULUM MODEL THAT EMPHASIZES MEETING INDIVIDUAL STUDENTS' NEEDS FOR MEETING THE CALIFORNIA COMMON CORE STATE STANDARDS FOR THEIR GRADE LEVEL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charlotte Davis-Zavadil Director | Officer | 20 | $60,460 |
Marla Duncan Secretary | Officer | 2 | $0 |
James Adams Treasurer | Officer | 2 | $0 |
Melinda Cortez Trustee | Trustee | 2 | $0 |
Marc Orozco Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,289,274 |
| Investment income | $0 |
| 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 | $1,289,274 |
| Statement of Expenses | |
|---|---|
| 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. | $60,460 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $673,652 |
| Pension plan accruals and contributions | $120,693 |
| Other employee benefits | $60,545 |
| Payroll taxes | $10,874 |
| Fees for services: Management | $40,553 |
| Fees for services: Legal | $7,263 |
| Fees for services: Accounting | $8,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $709,706 |
| Advertising and promotion | $0 |
| Office expenses | $544 |
| Information technology | $23,507 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $146 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25 |
| Interest | $20,757 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,556 |
| All other expenses | $0 |
| Total functional expenses | $1,832,941 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,730 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $423,585 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $481,315 |
| Accounts payable and accrued expenses | $897,982 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $127,000 |
| Other liabilities | $0 |
| Total liabilities | $1,024,982 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | -$543,667 |
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