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Trinity Basin Preparatory Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 311614490 ✦ Grand prairie, TX ✦ Designated as a 501(c)(3)

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Overview

What is Trinity Basin Preparatory Inc?

Trinity Basin Preparatory Inc is a nonprofit educational institution based in Grand Prairie, Texas. With a mission to offer a meaningful educational choice to families across Texas, they operate as a charter district, maintaining a system of successful and financially strong schools. Their student population exceeded 4,200 in the fiscal year 2022, with over 90% considered economically disadvantaged and around 60% classified as Limited English Proficient (LEP). The organization provides over 698,000 meals annually, with the majority offered free or at reduced cost, ensuring adherence to the Healthy, Hunger-Free Kids Act regulations. Trinity Basin Preparatory strives to create a safe, disciplined learning environment, enabling every student to build a strong foundation for future educational, business, and social success, with a team of over 856 dedicated employees.


Official website here: www.trinitybasin.net

What are the reviews and ratings of this charity?

Charity Navigator Rating: 81% (Three-Star out of Four Stars)

Trinity Basin Preparatory Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance, particularly in accountability and finance. The organization demonstrates strong governance with 66% of its board members being independent, and it has no material diversion of assets reported. Its financial statements are well-managed, earning full points for its audit and oversight processes, which enhances its credibility.

The nonprofit allocates a high percentage of its expenses—over 89%—toward program services, reflecting a commitment to its mission and effective resource management. Transparency is emphasized through policies such as conflict of interest and whistleblower protections, which are crucial for maintaining trust among stakeholders.

However, the compensation of key personnel, while in line with industry standards, raises questions about resource allocation. For instance, the CEO's salary is notable at $353,000, which could prompt discussions regarding the balance between administrative costs and direct service funding. Overall, Trinity Basin Preparatory Inc shows strong operational integrity, but continued scrutiny of financial practices may benefit its ongoing mission.


This AI summary has been generated from information found on Charity Navigator.

Is Trinity Basin Preparatory Inc legitimate?

Trinity Basin Preparatory Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Trinity Basin Preparatory Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $1,160,388
Professional Fundraising Fees: $0
Other Salaries and Wages: $30,125,186

For more financial information, click here


Official website here: www.trinitybasin.net

What is the mission statement of Trinity Basin Preparatory Inc?

Trinity Basin Preparatory Inc is dedicated to providing a valuable educational choice to families across Texas. They strive to establish and maintain a charter school system that is both academically successful and financially strong. The organization's mission is to create a safe, disciplined learning environment where every student can thrive. Their primary goal is to equip each student with essential tools for future educational, professional, and social accomplishments.

Trinity Basin Preparatory focuses on delivering a well-rounded and rigorous education, emphasizing core academic areas such as reading, writing, math, science, and social studies. The organization sets high expectations for students and faculty, fostering an atmosphere of achievement and success. Teachers are committed to reaching each individual student, regardless of perceived learning barriers. The student body comprises over 4,200 students, with approximately 90% considered economically disadvantaged and about 60% classified as Limited English Proficient (LEP). Trinity Basin Preparatory serves over 698,000 meals annually, with the majority offered free or at reduced cost, ensuring nutritional compliance with federal regulations.


Official website here: www.trinitybasin.net

Who is the CEO of Trinity Basin Preparatory Inc?

Randal Shaffer is the Ceo & President of Trinity Basin Preparatory Inc. The CEO's salary of Trinity Basin Preparatory Inc is $312,154 and their total compensation is $333,160.


Official website here: www.trinitybasin.net

What is the revenue of Trinity Basin Preparatory Inc?

Trinity Basin Preparatory Inc's revenue in 2022 was $57,426,553.


Official website here: www.trinitybasin.net

Who are the executives of Trinity Basin Preparatory Inc and what are their salaries?

The average compensation at Trinity Basin Preparatory Inc during 2022 was $36,549. There are 856 employees and 320 volunteers at Trinity Basin Preparatory Inc.


Here are 12 key members and their salaries (Trinity Basin Preparatory Inc's CEO's salary is $312,154 and their total compensation is $333,160):


Randal Shaffer (Ceo & President)
  • Compensation: $312,154
  • Related: $0
  • Other: $21,006
Brandon Duck (Cdo)
  • Compensation: $159,000
  • Related: $0
  • Other: $23,694
Lesley Austin (Cao)
  • Compensation: $159,000
  • Related: $0
  • Other: $23,694
James Dworkin (Cfo)
  • Compensation: $81,000
  • Related: $0
  • Other: $23,694
Brian Francis (Coo)
  • Compensation: $71,669
  • Related: $0
  • Other: $14,025
Julia Gomez (Director)
  • Compensation: $33,247
  • Related: $0
  • Other: $3,522
Robert Varner-Thru Feb 2021 (Coo & Secretary)
  • Compensation: $18,128
  • Related: $0
  • Other: $3,872
Kenneth Petree (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dana Bickford (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Winemiller (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Loren Hitchcock (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frederick Brown (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.trinitybasin.net

Where can I find the form 990 for Trinity Basin Preparatory Inc?

Trinity Basin Preparatory Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.trinitybasin.net

Learn more at the official website: www.trinitybasin.net

Mission Statement of Trinity Basin Preparatory Inc

Trinity Basin Preparatory Inc, a charter school district, is committed to delivering a significant educational choice to families across Texas. The organization's mission is to establish and sustain a system of charter schools that are both academically successful and financially sound. Trinity Basin Preparatory aspires to create a safe, innovative, and thriving learning community, empowering students and their families with opportunities for educational growth.

In this safe and disciplined learning environment, every student is given the means to thrive. Trinity Basin Preparatory's educators aim to provide students with the essential tools required to establish a solid foundation for future academic, professional, and social achievements. High expectations for students and faculty are fostered, cultivating an atmosphere conducive to accomplishment and success. The dedicated teachers at Trinity Basin Preparatory believe in the potential of every child to succeed, and their collective efforts ensure that desire becomes a reality.

Trinity Basin Preparatory offers a comprehensive and rigorous education, focusing on essential core academic areas, including reading, writing, math, science, and social studies. The learning experience at Trinity Basin Preparatory is characterized by exacting standards and a strong commitment to student achievement. The dedicated teachers and staff recognize that each student possesses unique learning needs, and they tailor their instruction to accommodate each individual. As of the fiscal year ending August 31, 2022, Trinity Basin Preparatory served over 4,200 students, with approximately 90% considered economically disadvantaged and 60% classified as Limited English Proficient (LEP). During the same period, the organization provided over 698,000 meals, with the majority being offered free of charge or at reduced cost. These meals adhered to the regulations outlined in the National School Lunch and School Breakfast Program, guaranteeing the students received nutritionally balanced and healthy meals in accordance with the Healthy, Hunger-Free Kids Act and 2010 Dietary Guidelines for Americans.

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Impact




October, 2024

Trinity Basin Preparatory Inc significantly impacts families across Texas by offering access to meaningful educational choices through a network of charter schools. These schools prioritize a well-rounded and rigorous education, focusing on essential academic subjects such as reading, writing, math, science, and social studies. The organization maintains high expectations for both students and faculty, creating an environment that fosters achievement and success.

With over 4,200 students, the institution serves a diverse population, where more than 90% of students come from economically disadvantaged backgrounds and around 60% are classified as Limited English Proficient (LEP). Trinity Basin Preparatory dedicates resources to ensure that every child has the opportunity to thrive, emphasizing the belief that all students can succeed regardless of their learning barriers.

In addition to its educational programs, Trinity Basin Preparatory addresses nutritional needs by serving over 698,000 meals during the fiscal year ended August 31, 2022, with the majority being free or reduced-cost meals. These efforts comply with rigorous nutritional standards, ensuring that students receive healthy food options vital for their growth and development.

By fostering a safe and disciplined learning environment, Trinity Basin Preparatory empowers students and their families, equipping them with the necessary tools for future success in their educational endeavors and beyond.




This information is meant to be a general summary of Trinity Basin Preparatory Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$57,426,553 (2022)
Expenses
$51,723,266 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $70,025
  • Program Service Revenue: $45,049,305
  • Gross Receipts: $57,426,553

Assets and Liabilities:

  • Total Assets: $147,305,445
  • Total Liabilities: $111,277,114
  • Net Assets: $36,028,331

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

FOOD SERVICE REVENUE

Revenue

$10,216

OTHER LOCAL REVENUE

Revenue

$530,307

STATE PROGRAM REVENUE

Revenue

$44,508,782

Organization Details

Founding Year

1998

Principal Officer

Randal Shaffer

Main Address

2730 N STATE HIGHWAY 360, GRAND PRAIRIE, TX, 75050

NTEE Category

Code: B20 - Education

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