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← TRUE NORTH CLASSICAL ACADEMY INC

Form 990 for tax year 2024

Filed by TRUE NORTH CLASSICAL ACADEMY INC.

Totals

Total revenue
$33,210,174
Total expenses
$31,692,018
Contributions and grants received
$3,600,110
Grants paid
$0
Program service revenue
$28,880,870
Investment income
$274,781
Other revenue
$454,413
Total assets, end of year
$59,418,947
Total liabilities, end of year
$54,456,871
Net assets or fund balances, end of year
$4,962,076
Program services expenses (Part IX)
$22,747,314
Management and general expenses
$8,944,704
Fundraising expenses
$0
Program service expenses (Part III)
$22,747,314

Program services were 71.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $2,062,196

  • 1f · All other contributions, gifts and grants

    $1,537,914

  • 2a · Program service revenue: GOVERNMENT AGENCIES

    total $28,880,870 · related or exempt $28,880,870

  • 3 · Investment income

    total $274,781 · excluded $274,781

  • 11a · Other revenue: OTHER INCOME

    total $454,413 · related or exempt $454,413

  • 11e · Other revenue, total

    $454,413

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $591,771 · program services $324,560 · management and general $267,211

  • 7 · Other salaries and wages

    total $15,492,213 · program services $12,295,796 · management and general $3,196,417

  • 8 · Pension plan contributions

    total $246,814 · program services $196,789 · management and general $50,025

  • 9 · Other employee benefits

    total $1,156,771 · program services $907,834 · management and general $248,937

  • 10 · Payroll taxes

    total $1,090,937 · program services $856,167 · management and general $234,770

  • 11g · Fees: other

    total $3,345,954 · program services $2,156,600 · management and general $1,189,354

  • 13 · Office expenses

    total $2,208,324 · program services $2,040,621 · management and general $167,703

  • 16 · Occupancy

    total $1,641,307 · program services $1,558,626 · management and general $82,681

  • 20 · Interest

    total $2,806,250 · program services $1,458,162 · management and general $1,348,088

  • 22 · Depreciation, depletion and amortization

    total $2,448,420 · program services $542,273 · management and general $1,906,147

  • 24a · Other expenses: OTHER EXPENSES

    total $663,257 · program services $409,886 · management and general $253,371

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,059,165 · end of year $8,738,051

  • 3 · Pledges and grants receivable

    beginning of year $992,813 · end of year $354,086

  • 9 · Prepaid expenses and deferred charges

    beginning of year $501,076 · end of year $1,156,358

  • 10a · Land, buildings and equipment: cost or other basis

    $41,009,919

  • 10b · Land, buildings and equipment: accumulated depreciation

    $5,614,021

  • 10c · Land, buildings and equipment, net

    beginning of year $34,292,993 · end of year $35,395,898

  • 15 · Other assets

    beginning of year $14,504,515 · end of year $13,774,554

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,273,992 · end of year $1,746,763

  • 19 · Deferred revenue

    beginning of year $209,605 · end of year $213,925

  • 22 · Loans and payables to officers and key people

    beginning of year $325,000

  • 24 · Unsecured notes and loans payable

    beginning of year $37,701,164 · end of year $37,522,771

  • 25 · Other liabilities

    beginning of year $15,396,881 · end of year $14,973,412

  • 27 · Net assets without donor restrictions

    beginning of year $3,443,920 · end of year $4,962,076

Mission and programs · 2024

Mission

TRUE NORTH SCHOOLS PROVIDE A CLASSICAL LIBERAL ARTS EDUCATION TO STUDENTS.

Activities or mission (Part I)

TRUE NORTH PROVIDES EXCEPTIONAL EDUCATION AT OUR SCHOOLS THAT SERVE INFANTS THROUGH HIGH SCHOOL.

  • THROUGH ITS TUITION-FREE CHARTER SCHOOLS, TRUE NORTH CLASSICAL ACADEMY, INC. PROVIDED ACCESS TO A HIGH-QUALITY CLASSICAL EDUCATION TO MORE THAN 2,100 STUDENTS IN MIAMI-DADE COUNTY. OUR BLUE RIBBON AWARDED SCHOOLS ARE AMONGST THE HIGHEST PERFORMING PUBLIC SCHOOLS IN FLORIDA.

    Expenses $22,747,314 · Revenue $29,335,283

As filed on the 2024 return.

Listed in Part VII

  • LUIS E DIAZ

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • RUDY PAGES

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • ERNESTO RODRIGUEZ JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PETE WINDHORST

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOSE FELIX DIAZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MIKE BILECA

    CEO

    Total calculated
    $180,000
    From this org
    $180,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $180,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $180,000

  • PAUL POWELL

    EXECUTIVE DIRECTOR

    Total calculated
    $252,560
    From this org
    $252,560
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $252,560
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $252,560

  • LEANDRO GONZALEZ

    CFO

    Total calculated
    $159,211
    From this org
    $159,211
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,211
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $159,211

  • ERIN MICHELS

    DIRECTOR OF TEACH

    Total calculated
    $168,685
    From this org
    $168,685
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,685
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $168,685

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
9 February 2026
IRS schema version
2024v5.5
Source object
202640409349300239

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