Trinity College
- Assets
- $136.5m
- Revenue
- $58.0m
- Investments
- $32.1m
- Employees
- 641
- Location
- Washington, DC
- Founding
- 01/1976
- Data as of
- 06/2022
- EIN
- 53-0196640
Organization Overview
Trinity College, operating under the name Trinity Washington University, is located in Washington, DC. The organization was established in 1976. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2022, Trinity Washington University employed 641 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Trinity Washington University 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 06/2022, Trinity Washington University generated $58.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $52.9m during the year ending 06/2022. While expenses have increased by 3.5% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TRINITY IS A COMPREHENSIVE INSTITUTION OFFERING A BROAD RANGE OF EDUCATIONAL PROGRAMS THAT PREPARE STUDENTS ACROSS THE LIFESPAN FOR THE INTELLECTUAL, ETHICAL, AND SPIRITUAL DIMENSIONS OF CONTEMPORARY WORK, CIVIC AND FAMILY LIFE.
Describe the Organization's Program Activity:
INSTRUCTION - EXPENSES INCLUDE SALARY AND BENEFITS FOR FULL-TIME FACULTY AND ADJUNCT FACULTY MEMBERS. DURING THE ACADEMIC YEAR, TRINITY HAD APPROXIMATELY 4000 STUDENTS ENROLLED IN ITS THREE SCHOOLS. TRINITY MAINTAINS A VERY LOW STUDENT TO FACULTY RATIO.
STUDENT FINANCIAL AID - EXPENSES INCLUDE AID PROVIDED THROUGH UNFUNDED SCHOLARSHIPS AND DISCOUNTS AND RESTRICTED SCHOLARSHIPS (TERM AND ENDOWMENT). AS DISCLOSED ELSEWHERE IN THE 990, APPROXIMATELY 1,402 TRINITY STUDENTS RECEIVED SOME PORTION OF STUDENT FINANCIAL AID DURING THE ACADEMIC YEAR.
STUDENT SERVICES - EXPENSES INCLUDE ATHLETICS AND RECREATION, ADMISSIONS, REGISTRAR'S OFFICE, HEALTH AND COUNSELING, STUDENT LIFE AND CAMPUS HOUSING STAFF AND PROGRAMS, FINANCIAL AID, AND CAMPUS MINISTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Freeman Chair | Trustee | 2 | $0 |
Margaret Dunning Trustee | Trustee | 1 | $0 |
Barbara Gutierrez Snd Trustee | Trustee | 1 | $0 |
Holly Kimmitt Trustee | Trustee | 1 | $0 |
Barbara Glynn Trustee Emerita | Trustee | 1 | $0 |
Irene Horstmann Hannan Trustee Emerita | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aramark Facilities Contract Services | 6/29/22 | $3,045,166 |
Metz Culinary Management Meal Services/food Expense | 6/29/22 | $1,274,395 |
Allied Unversal Security Services Security Services | 6/29/22 | $1,027,155 |
Limbach Building Renovations | 6/29/22 | $329,285 |
Johnson Controls Building Renovations | 6/29/22 | $423,199 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,777,644 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,689,974 |
| Noncash contributions included in lines 1a–1f | $615,209 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,467,618 |
| Total Program Service Revenue | $36,423,660 |
| Investment income | $1,634,216 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $160,287 |
| Net Gain/Loss on Asset Sales | $2,944,069 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $58,037,321 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $13,533,048 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $777,644 |
| Compensation of current officers, directors, key employees. | $777,644 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,295,775 |
| Pension plan accruals and contributions | $549,960 |
| Other employee benefits | $1,201,213 |
| Payroll taxes | $1,412,692 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $159,712 |
| Fees for services: Accounting | $77,489 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $127,614 |
| Fees for services: Other | $0 |
| Advertising and promotion | $200,461 |
| Office expenses | $661,035 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,943,476 |
| Travel | $51,814 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $856,532 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,495,530 |
| Insurance | $261,292 |
| All other expenses | $520,269 |
| Total functional expenses | $52,893,484 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,132,707 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,138,775 |
| Accounts receivable, net | $5,360,870 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $52,944 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $494,997 |
| Net Land, buildings, and equipment | $49,500,274 |
| Investments—publicly traded securities | $17,896,627 |
| Investments—other securities | $32,069,287 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,874,793 |
| Total assets | $136,521,274 |
| Accounts payable and accrued expenses | $2,152,822 |
| Grants payable | $0 |
| Deferred revenue | $1,959,034 |
| Tax-exempt bond liabilities | $22,936,166 |
| 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 | $1,313,492 |
| Other liabilities | $1,788,508 |
| Total liabilities | $30,150,022 |
| Net assets without donor restrictions | $69,029,299 |
| Net assets with donor restrictions | $37,341,953 |
| 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 | $136,521,274 |