Trinity Foundation Inc
- Assets
- $23.4m
- Revenue
- $9.0m
- Investments
- $0.0
- Employees
- 109
- Location
- Thompson, CT
- Founding
- 12/2002
- Data as of
- 06/2021
- EIN
- 06-1623476
Organization Overview
Trinity Foundation Inc is located in Thompson, CT. The organization was established in 2002. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2021, Trinity Foundation Inc employed 109 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trinity Foundation Inc 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 06/2021, Trinity Foundation Inc generated $9.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.0%) each year. All expenses for the organization totaled $11.0m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE STUDENTS IN THE CATHOLIC TRADITION OF ACADEMIC EXCELLENCE WITH A COMMITMENT TO AN ACTIVE FAITH IN GOD AND A DEDICATION TO BUILDING CHARACTER WITH CONTENT, COMPASSION,
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TRINITY FOUNDATION D/B/A MARIANAPOLIS PREPARATORY SCHOOL IS AN INDEPENDENT SECONDARY SCHOOL FOR GRADES 9 THRU 12, WHICH HELPS THE STUDENTS DEVELOP CRITICAL AND ANALYTICAL THINKING SKILLS; TO BUILD COMMUNICATING AND PROBLEM-SOLVING SKILLS; TO PROMOTE THE LOVE OF LEARNING AND THE HIGHEST STANDARDS OF ACADEMIC ACHIEVEMENT; TO FOSTER AESTHETIC SENSITIVITY AND CREATIVITY; TO ENCOURAGE THE IDEAL OF SOUND MIND AND BODY; TO APPRECIATE THE VALUE OF CULTURAL DIVERSITY; TO NUTURE ACTIVE AND INTELLIGENT CITIZENSHIP IN THE WORLD; AND TO AFFIRM CATHOLIC PRINCIPLES THROUGH ETHICAL AND MORAL VALUES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Joseph Hanrahan Head Of School | Officer | 40 | $268,803 |
Mr Doug Daniels Chief Financial Officer | Officer | 40 | $116,691 |
Mr Thomas Dodge Treasurer | OfficerTrustee | 2 | $0 |
Mr Ernest Acquaah-Harrison Board Member | Trustee | 2 | $0 |
Mr Richard Androlewicz Board Member | Trustee | 2 | $0 |
Dr Mehdi Anwar Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sage Dining Services Dining Services | 6/29/21 | $558,669 |
Kalinowski General Construction Inc Construction | 6/29/21 | $118,115 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,073,200 |
| All other contributions, gifts, grants, and similar amounts not included above | $596,892 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,670,092 |
| Total Program Service Revenue | $6,618,277 |
| Investment income | $681,362 |
| 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 | $919 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,970,650 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,197,432 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $405,223 |
| Compensation of current officers, directors, key employees. | $347,906 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,795,509 |
| Pension plan accruals and contributions | $132,799 |
| Other employee benefits | $827,326 |
| Payroll taxes | $270,814 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $434,957 |
| Advertising and promotion | $33,237 |
| Office expenses | $176,288 |
| Information technology | $414,610 |
| Royalties | $0 |
| Occupancy | $1,256,236 |
| Travel | $44,785 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $250,631 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $853,405 |
| Insurance | $162,982 |
| All other expenses | $0 |
| Total functional expenses | $11,035,909 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,597 |
| Savings and temporary cash investments | $1,085,591 |
| Pledges and grants receivable | $2,325,201 |
| Accounts receivable, net | $57,773 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $141,638 |
| Inventories for sale or use | $50,517 |
| Prepaid expenses and deferred charges | $133,535 |
| Net Land, buildings, and equipment | $16,534,032 |
| Investments—publicly traded securities | $3,068,182 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $43,500 |
| Total assets | $23,441,566 |
| Accounts payable and accrued expenses | $544,601 |
| Grants payable | $0 |
| Deferred revenue | $3,601,314 |
| 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 | $8,196,448 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $12,342,363 |
| Net assets without donor restrictions | $7,904,147 |
| Net assets with donor restrictions | $3,195,056 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $23,441,566 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Trinity Foundation Inc has recieved totaling $10,600.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $10,600 |
Endowment Analysis
| Beg. Balance | $2,546,458 |
| Earnings | $666,997 |
| Net Contributions | $15,121 |
| Other Expense | $160,394 |
| Ending Balance | $3,068,182 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kent School Corporation Kent, CT | $229,105,384 | $52,388,614 |
Hopkins School Incorporated New Haven, CT | $238,380,739 | $44,795,541 |
Middlesex School Concord, MA | $485,283,896 | $51,739,388 |
Trustees Of Thayer Academy Braintree, MA | $161,523,903 | $74,068,471 |
Tabor Academy Marion, MA | $131,644,395 | $42,865,044 |
Berkshire School Inc Sheffield, MA | $360,181,943 | $53,167,690 |
Norwich Free Academy Norwich, CT | $43,430,200 | $37,532,143 |
St Marks School Of Southborough Inc Southborough, MA | $256,704,983 | $26,796,658 |
Beaver Country Day School Inc Chestnut Hill, MA | $85,211,798 | $37,690,859 |
Trustees Of Westminster School Inc Simsbury, CT | $266,021,202 | $46,508,932 |
Williston Northampton School Easthampton, MA | $100,619,158 | $41,610,730 |
St Georges School Newport, RI | $313,371,330 | $43,582,609 |