Totals
- Total revenue
- $803,257
- Total expenses
- $680,688
- Contributions and grants received
- $264,921
- Grants paid
- $84,571
- Program service revenue
- $538,336
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $42,230
- Total liabilities, end of year
- $36,163
- Net assets or fund balances, end of year
- $6,067
- Program services expenses (Part IX)
- $510,291
- Management and general expenses
- $170,397
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $510,291
Program services were 75.0% 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.
-
1f · All other contributions, gifts and grants
$264,921
-
2a · Program service revenue: TUITION AND RELATED FE
total $538,336 · related or exempt $538,336
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $84,571 · program services $84,571
-
5 · Compensation of officers, directors and key employees
total $15,162 · management and general $15,162
-
7 · Other salaries and wages
total $292,738 · program services $214,315 · management and general $78,423
-
9 · Other employee benefits
total $30,044 · program services $20,912 · management and general $9,132
-
10 · Payroll taxes
total $44,488 · program services $30,966 · management and general $13,522
-
11b · Fees: legal
total $2,500 · management and general $2,500
-
11c · Fees: accounting
total $40,401 · management and general $40,401
-
11g · Fees: other
total $70,701 · program services $69,953 · management and general $748
-
12 · Advertising and promotion
total $4,163 · program services $4,163
-
14 · Information technology
total $8,995 · program services $7,196 · management and general $1,799
-
16 · Occupancy
total $23,996 · program services $19,197 · management and general $4,799
-
17 · Travel
total $5,796 · program services $4,637 · management and general $1,159
-
19 · Conferences, conventions and meetings
total $2,352 · program services $1,882 · management and general $470
-
20 · Interest
total $3,886 · program services $3,109 · management and general $777
-
23 · Insurance
total $1,229 · program services $983 · management and general $246
-
24a · Other expenses: PROGRAM EXPENSES
total $42,392 · program services $42,392
-
24b · Other expenses: BANK & MERCHANT FEES
total $4,324 · program services $3,459 · management and general $865
-
24c · Other expenses: LICENSES, DUES & SUBSCR
total $1,100 · program services $880 · management and general $220
-
24d · Other expenses: EVENTS
total $978 · program services $978
-
24e · All other expenses
total $872 · program services $698 · management and general $174
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $8,063 · end of year $27,369
-
2 · Savings and temporary cash investments
beginning of year $443 · end of year $14,637
-
4 · Accounts receivable
end of year $224
-
9 · Prepaid expenses and deferred charges
beginning of year $179
-
17 · Accounts payable and accrued expenses
beginning of year $70,212 · end of year $10,523
-
19 · Deferred revenue
beginning of year $8,053 · end of year $25,640
-
27 · Net assets without donor restrictions
beginning of year -$69,580 · end of year $6,067
Mission and programs · 2022
Mission
OUR MISSION IS TO DEVELOP STUDENTS' LIFELONG HABITS OF MORAL AND INTELLECTUAL VIRTUE WITH THE AIM OF GROWING IN KNOWLEDGE AND LOVE OF GOD AND NEIGHBOR.
Activities or mission (Part I)
THE MISSION OF TELOS CLASSICAL FOUNDATION IS TO DEVELOP STUDENT'S ACADEMIC POTENTIAL AND PURPOSE BY NURTURING THEIR MIND, SOUL, AND BODY, EMPOWERING THEM TO PURSUE WISDOM AND VIRTUE FOR THE REST OF THEIR LIVES. TELOS CLASSICAL FOUNDATION WILL AIM TO EDUCATE CHILDREN IN KINDERGARTEN THROUGH 8TH GRADE USING A CLASSICAL CURRICULUM THAT INCLUDES LATIN, MATH, LITERATURE, GRAMMAR, PENMANSHIP, WRITING, LOGIC, CLASSICAL STUDIES, AND HISTORY. THE SCHOOL DAY RUNS FROM 8:45 TO 3:35, MONDAY THROUGH THURSDAY. ON FRIDAYS, THE SCHOOL OFFERS CLASSES FROM 9-NOON IN HANDS-ON, EXPERIENTIAL SUBJECTS SUCH AS SEWING, WOODWORKING, MUSIC, GYMNASTICS, ETC.
-
DURING THE FISCAL YEAR, THE ORGANIZATION HAD THE FOLLOWING ACCOMPLISHMENTS -1. ENROLLED 42 STUDENTS 2. 42 STUDENTS SUCCESSFULLY SANG A 13 MINUTE SONG AT THE END OF THE YEAR ABOUT HISTORY THAT INCLUDED 161 HISTORICAL EVENTS FROM CREATION TO SEPT 11, 2001. 3. WE LAUNCHED A FRIDAY COMMON ARTS PROGRAM INCLUDING WOODWORKING, ENGINEERING, CULINARY, ARTS, HORSEBACK RIDING, MUSIC LESSONS, AND SEWING IN WHICH STUDENTS ENROLLED CAN LEARN HANDS-ON SKILLS NOT OFTEN TAUGHT TODAY IN SCHOOLS OR AT HOME.
Expenses $510,291 · Grants $84,571 · Revenue $538,336
As filed on the 2022 return.
Listed in Part VII
-
Bridget MurrayBRIDGET MURRAY
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Michael MurrayMICHAEL MURRAY
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Stephanie MurraySTEPHANIE MURRAY
PRESIDENT
- Total calculated
- $15,162
- From this org
- $0
- From related orgs
- $0
- Other
- $15,162
- Hours/week
- 40
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202421369349310552
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