Trinity College
- Assets
- $960.9m
- Revenue
- $209.9m
- Investments
- $109.1m
- Employees
- 1,758
- Location
- Hartford, CT
- Founding
- 01/1981
- Data as of
- 06/2020
- EIN
- 06-0646927
Organization Overview
Trinity College is located in Hartford, CT. The organization was established in 1981. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2021, Trinity College employed 1,758 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trinity College 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 06/2020, Trinity College generated $209.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $221.6m during the year ending 06/2020. While expenses have increased by 2.3% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COLLEGE PROVIDED INSTRUCTION, RESEARCH OPPORTUNITIES, AND RELATED SUPPORT TO FACULTY AND STUDENTS TO ENCOURAGE PROFESSIONAL DEVELOPMENT AND A WIDE CURRICULUM FOR LIBERAL ARTS EDUCATION. IN ADDITION, THE COLLEGE PROVIDED GRANTS AND SCHOLARSHIPS TO STUDENTS WHO ARE JUDGED WORTHY BY THE INSTITUTION'S ASSESSMENT ON THE BASIS OF ACADEMIC ACHIEVEMENT AND FINANCIAL NEED.
THE COLLEGE PROVIDED RESIDENTIAL AND DINING SERVICES TO STUDENTS.
THE COLLEGE MAINTAINS A BEAUTIFUL 100 ACRE CAMPUS WITH CLASSIC COLLEGIATE ARCHITECTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joanne Berger-Sweeney President | OfficerTrustee | 40 | $601,636 |
Michael Casey VP Advancement | Officer | 40 | $368,255 |
Danny Hitchell VP Finance | Officer | 40 | $355,272 |
Sonia Cardenas VP Academic Affairs And Dean | Officer | 40 | $280,976 |
Dickens Mathieu General Counsel, Secretary Clg | Officer | 40 | $252,343 |
Suzanne Aber VP Information Technology | 40 | $241,650 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Abm Industry Groups Llc Facility Services | 6/29/21 | $11,230,217 |
Chartwells Food Services | 6/29/21 | $6,543,880 |
Crescent Street At Trinity College Residential | 6/29/21 | $3,894,343 |
Clinical Research Sequencing Platfr Medical Testing | 6/29/21 | $2,770,824 |
Modern Mechanical Systems Inc Construction | 6/29/21 | $1,601,795 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $34,055,244 |
| Investment income | $3,733,603 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$68,335 |
| Net Gain/Loss on Asset Sales | $15,055,043 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $209,852,573 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $55,501,576 |
| Grants and other assistance to Foreign Orgs/Individuals | $4,139,045 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,675,726 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $55,127,578 |
| Pension plan accruals and contributions | $3,625,477 |
| Other employee benefits | $7,534,415 |
| Payroll taxes | $3,938,277 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $296,401 |
| Fees for services: Accounting | $332,162 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,659,508 |
| Fees for services: Other | $14,103,314 |
| Advertising and promotion | $128,960 |
| Office expenses | $1,517,076 |
| Information technology | $2,427,360 |
| Royalties | $0 |
| Occupancy | $6,127,227 |
| Travel | $4,679,321 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $183,452 |
| Interest | $7,910,645 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,654,828 |
| Insurance | $3,039,406 |
| All other expenses | $0 |
| Total functional expenses | $221,566,717 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $48,460,041 |
| Pledges and grants receivable | $25,696,815 |
| Accounts receivable, net | $2,719,050 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $7,218,851 |
| Inventories for sale or use | $25,099 |
| Prepaid expenses and deferred charges | $705,028 |
| Investments—publicly traded securities | $472,413,633 |
| Investments—other securities | $109,067,414 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $338,314 |
| Total assets | $960,937,259 |
| Accounts payable and accrued expenses | $11,952,755 |
| Grants payable | $0 |
| Deferred revenue | $4,311,940 |
| Tax-exempt bond liabilities | $134,339,017 |
| 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 | $47,436,605 |
| Total liabilities | $198,040,317 |
| 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 | $762,896,942 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Trinity College has recieved totaling $89,177.
| Awarding Organization | Amount |
|---|---|
Smith Winchell Est Tr Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $50,840 |
The Fullgraf Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
Institution For Savings In Newbrypt & Its Vcnty Chrtble Foundation Inc Newburyport, MA PURPOSE: EXEMPT PURPOSE | $7,000 |
Lockhart Family Charitable Trust Yardley, PA PURPOSE: SCHOLARSHIP | $5,837 |
Jay E And Wendy G Birnbaum Foundation Montville, NJ PURPOSE: UNRESTRICTED | $5,500 |
Farmington Bank Community Foundation Inc Hartford, CT PURPOSE: DREAM CAMP AT TRINITY COLLEGE | $5,000 |
Endowment Analysis
| Beg. Balance | $614,772,658 |
| Earnings | $213,126,028 |
| Admin Expense | $10,438,409 |
| Net Contributions | $9,426,958 |
| Other Expense | $23,589,339 |
| Grants | $8,090,939 |
| Ending Balance | $795,206,957 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Berklee College Of Music Inc Boston, MA | $854,558,047 | $384,612,408 |
Ithaca College Ithaca, NY | $834,703,732 | $365,679,639 |
Trustees Of Amherst College Amherst, MA | $4,260,760,426 | $407,702,412 |
Wellesley College Wellsley, MA | $4,125,529,097 | $515,515,442 |
Touro University New York, NY | $558,489,117 | $321,976,604 |
Williams College Williamstown, MA | $5,589,417,372 | $397,351,793 |
Providence College Providence, RI | $748,292,244 | $299,300,711 |
Wesleyan University Middletown, CT | $1,706,429,000 | $326,592,000 |
Emerson College Boston, MA | $1,139,244,716 | $275,696,398 |
Colgate University Treasurers Office Hamilton, NY | $1,984,946,016 | $378,114,548 |
Trustees Of The College Of The Holy Cross Worcester, MA | $1,320,181,892 | $265,241,305 |
Babson College Babson Park, MA | $1,084,295,364 | $304,101,925 |