Trocaire College
- Assets
- $52.1m
- Revenue
- $21.1m
- Investments
- $4.6m
- Employees
- 329
- Location
- Buffalo, NY
- Founding
- 00/0000
- Data as of
- 05/2024
- EIN
- 16-0909446
Organization Overview
Trocaire College is located in Buffalo, NY. The organization was established in 0000. According to its NTEE Classification (B41) the organization is classified as: Two-Year Colleges, under the broad grouping of Education and related organizations. As of 05/2024, Trocaire College employed 329 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Trocaire 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 05/2024, Trocaire College generated $21.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $21.1m during the year ending 05/2024. While expenses have increased by 0.7% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TROCAIRE IS THE COLLEGE WHERE LIVES ARE TRANSFORMED. OUR STUDENTS WILL BE GRADUATES OF CHOICE IN CAREER-ORIENTED PROFESSIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION - A 4-YEAR, PRIMARILY ASSOCIATE'S DEGREE-GRANTING PRIVATE NOT-FOR-PROFIT COLLEGE, OFFERING PRE-BACCALAUREATE CERTIFICATES, ASSOCIATE'S DEGREES AND BACHELOR'S DEGREES, REACHING APPROXIMATELY 1,000 FULL-AND PART-TIME CREDIT STUDENTS, WITH THREE ACADEMIC SEMESTERS (FALL, SPRING, SUMMER) AND OFFERING COURSES DURING THE DAY, IN THE EVENING, ON WEEKENDS AND VIA DISTANCE EDUCATION, AS WELL AS PROVIDING NON-CREDIT LIFELONG LEARNING AND CONTINUING EDUCATION
ACADEMIC SUPPORT INCLUDES SERVICES TO STUDENTS IN THE FOLLOWING AREAS: LIBRARY, LEARNING CENTER, STUDENT GOVERNMENT, ADMISSIONS, FINANCIAL ASSISTANCE, STUDENT RECORDS, ADVISEMENT, BILLING, CAREER COUNSELING, AND HEALTH RECORDS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa M Kirisits CPA Board Chair | OfficerTrustee | 2 | $0 |
Sean M Willett Vice Chair | OfficerTrustee | 2 | $0 |
Tracey A Maw Secretary | OfficerTrustee | 2 | $0 |
Lawrence E Christ Treasurer | OfficerTrustee | 2 | $0 |
Justin P Azzarella Board Member | Trustee | 2 | $0 |
Sister M Jeanne Thomas Danahy Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hodgson Russ Llp Legal | 5/30/23 | $260,449 |
Mcallister & Quinn Llc Consulting | 5/30/23 | $108,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $98,336 |
| Related organizations | $0 |
| Government grants | $1,531,205 |
| All other contributions, gifts, grants, and similar amounts not included above | $231,843 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,861,384 |
| Total Program Service Revenue | $17,714,057 |
| Investment income | $1,127,309 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $410,291 |
| Net Income from Fundraising Events | -$21,179 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,123,936 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,383,447 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $544,479 |
| Compensation of current officers, directors, key employees. | $544,479 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,254,422 |
| Pension plan accruals and contributions | $658,559 |
| Other employee benefits | $1,592,217 |
| Payroll taxes | $732,644 |
| 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 | $124,618 |
| Fees for services: Other | $71,108 |
| Advertising and promotion | $0 |
| Office expenses | $2,350,202 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $261,423 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $483,900 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $21,147,166 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $447,751 |
| Pledges and grants receivable | $392,147 |
| Accounts receivable, net | $727,815 |
| 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 | $329,186 |
| Net Land, buildings, and equipment | $9,632,082 |
| Investments—publicly traded securities | $35,584,947 |
| Investments—other securities | $4,563,083 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $411,339 |
| Total assets | $52,088,350 |
| Accounts payable and accrued expenses | $1,877,259 |
| Grants payable | $0 |
| Deferred revenue | $458,938 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $638,746 |
| Total liabilities | $2,974,943 |
| Net assets without donor restrictions | $45,139,040 |
| Net assets with donor restrictions | $3,974,367 |
| 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 | $52,088,350 |