Trinity Episcopal Schools Corporation
- Assets
- $265.6m
- Revenue
- $76.9m
- Investments
- $12.5m
- Employees
- 417
- Location
- New York, NY
- Founding
- 03/1942
- Data as of
- 06/2021
- EIN
- 13-5563003
Organization Overview
Trinity Episcopal Schools Corporation is located in New York, NY. The organization was established in 1942. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Trinity Episcopal Schools Corporation employed 417 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trinity Episcopal Schools Corporation 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 Episcopal Schools Corporation generated $76.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $79.7m during the year ending 06/2021. While expenses have increased by 6.2% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE SCHOOL PROVIDES EDUCATION TO APPROXIMATELY 1,000 STUDENTS FROM KINDERGARTEN TO TWELFTH GRADE.
Describe the Organization's Program Activity:
EDUCATIONAL INSTITUTION WITH A STUDENT BODY OF APPROXIMATELY 1,000 IN KINDERGARTEN THROUGH 12TH GRADE.
FOOD SERVICES PROVIDED FOR STUDENTS.
AFTER SCHOOL PROGRAMS PROVIDE SUPPLEMENTAL EDUCATION AND RECREATION FOR APPROXIMATELY 250 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Allman Head Of School | Officer | 40 | $1,187,367 |
Joan Dannenberg Chief Financial Officer | Officer | 40 | $509,489 |
Myles Amend Dir Of Dev & Alumni Relations | Officer | 40 | $374,730 |
Lawrence Momo Director Of College Counseling | 40 | $308,429 | |
Stephen Kolman Principal, Upper School | 40 | $274,276 | |
Kristin Crawford Principal, Lower School | 40 | $272,710 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Archstone Builders Construction Manager | 6/29/21 | $2,051,193 |
Alliance Maintenance Maintenance | 6/29/21 | $2,815,647 |
Alliance Security Security Services | 6/29/21 | $1,131,280 |
Flik Dining Services | 6/29/21 | $972,137 |
Ropes & Gray Llp Legal | 6/29/21 | $717,762 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,006,499 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,337,463 |
| Noncash contributions included in lines 1a–1f | $650,459 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,343,962 |
| Total Program Service Revenue | $58,455,072 |
| Investment income | $1,384,892 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$213,844 |
| Net Gain/Loss on Asset Sales | $5,903,029 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $76,873,691 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $10,493,509 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,214,281 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $29,460,086 |
| Pension plan accruals and contributions | $3,389,836 |
| Other employee benefits | $3,716,555 |
| Payroll taxes | $2,317,413 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,352,343 |
| Fees for services: Accounting | $105,400 |
| Fees for services: Lobbying | $130,561 |
| Fees for services: Fundraising | $13,000 |
| Fees for services: Investment Management | $148,000 |
| Fees for services: Other | $170,709 |
| Advertising and promotion | $0 |
| Office expenses | $1,964,668 |
| Information technology | $589,206 |
| Royalties | $0 |
| Occupancy | $6,976,266 |
| Travel | $212 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $962,790 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,043,217 |
| Insurance | $798,836 |
| All other expenses | $502,807 |
| Total functional expenses | $79,733,380 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,668,015 |
| Savings and temporary cash investments | $9,171,812 |
| Pledges and grants receivable | $961,129 |
| Accounts receivable, net | $445,835 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $585,990 |
| Net Land, buildings, and equipment | $151,038,795 |
| Investments—publicly traded securities | $81,685,072 |
| Investments—other securities | $12,517,236 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $540,408 |
| Total assets | $265,614,292 |
| Accounts payable and accrued expenses | $6,886,030 |
| Grants payable | $0 |
| Deferred revenue | $13,622,063 |
| 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 | $35,000,117 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,290,192 |
| Total liabilities | $59,798,402 |
| Net assets without donor restrictions | $140,249,134 |
| Net assets with donor restrictions | $65,566,756 |
| 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 | $265,614,292 |
Grants Recieved
Over the last fiscal year, we have identified 27 grants that Trinity Episcopal Schools Corporation has recieved totaling $3,073,049.
| Awarding Organization | Amount |
|---|---|
E&ss Foundation Inc Atlanta, GA PURPOSE: EDUCATION | $2,333,333 |
Goldman Sachs Charitable Gift Fund New York, NY PURPOSE: SCHOLARSHIPS & FINANCIAL AID | $146,400 |
Denver Foundation Denver, CO PURPOSE: TO SUPPORT THE TRINITY FUND | $75,000 |
Brown Foundation Inc Houston, TX PURPOSE: GENERAL OPERATING | $75,000 |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $72,500 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $62,784 |
Endowment Analysis
| Beg. Balance | $73,594,428 |
| Earnings | $17,796,959 |
| Net Contributions | $2,806,292 |
| Other Expense | $7,613,584 |
| Ending Balance | $86,584,095 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Milton Hershey School & School Trust Hershey, PA | $17,395,898,597 | $461,991,595 |
Horace Mann School Bronx, NY | $475,824,158 | $137,244,948 |
Ethical Culture Fieldston School New York, NY | $252,651,487 | $107,394,843 |
Dalton Schools Inc New York, NY | $268,184,018 | $87,154,384 |
Milton Academy Milton, MA | $512,730,465 | $105,004,685 |
Riverdale Country School Inc Bronx, NY | $247,467,239 | $82,826,277 |
Trinity Episcopal Schools Corporation New York, NY | $265,614,292 | $76,873,691 |
United Nations International School New York, NY | $95,948,249 | $80,239,931 |
Columbia Grammar & Preparatory School New York, NY | $126,207,367 | $82,489,526 |
Poly Prep Country Day School Brooklyn, NY | $174,200,532 | $76,376,518 |
Saint Anns School Brooklyn, NY | $162,069,731 | $73,475,158 |
Pingry Corporation Basking Ridge, NJ | $215,792,985 | $70,756,009 |