Trinity School Of Durham And Chapel Hill Inc
- Assets
- $26.2m
- Revenue
- $11.0m
- Investments
- $0.0
- Employees
- 178
- Location
- Durham, NC
- Founding
- 03/1996
- Data as of
- 06/2021
- EIN
- 56-1926923
Organization Overview
Trinity School Of Durham And Chapel Hill Inc is located in Durham, NC. The organization was established in 1996. 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 School Of Durham And Chapel Hill Inc employed 178 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trinity School Of Durham And Chapel Hill 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 School Of Durham And Chapel Hill Inc generated $11.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $11.2m during the year ending 06/2021. While expenses have increased by 5.4% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE STUDENTS IN GRADES TK-12TH GRADE WITHIN THE FRAMEWORK OF CHRISTIAN FAITH AND CONVICTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRINITY SCHOOL SERVES APPROXIMATELY 518 STUDENTS IN TRANSITIONAL KINDERGARTEN THROUGH TWELFTH GRADE IN THE VICINITY OF DURHAM AND CHAPEL HILL, NC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter T Denton Jr Head Of School | OfficerTrustee | 40 | $214,727 |
Warren Gould Upper School Director | 40 | $113,976 | |
Brent Clark Desc 61421 Assistant Treasurer | Officer | 40 | $105,692 |
Jeff Lloyd Vice Chair | OfficerTrustee | 1 | $0 |
Kristina L Chalfin Secretary | OfficerTrustee | 1 | $0 |
Charles Merritt Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,254,739 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,254,739 |
| Total Program Service Revenue | $9,626,950 |
| Investment income | $25,032 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $41,175 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,967,567 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,471,140 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $366,578 |
| Compensation of current officers, directors, key employees. | $121,190 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,697,760 |
| Pension plan accruals and contributions | $110,530 |
| Other employee benefits | $549,761 |
| Payroll taxes | $428,092 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,252 |
| Fees for services: Accounting | $24,825 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,117 |
| Fees for services: Other | $0 |
| Advertising and promotion | $113,661 |
| Office expenses | $58,218 |
| Information technology | $310,819 |
| Royalties | $0 |
| Occupancy | $497,933 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $235,175 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $449,963 |
| Insurance | $58,995 |
| All other expenses | $196,065 |
| Total functional expenses | $11,217,849 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,663,039 |
| Savings and temporary cash investments | $4,587,697 |
| Pledges and grants receivable | $680,468 |
| Accounts receivable, net | $162,085 |
| 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 | $149,621 |
| Net Land, buildings, and equipment | $15,291,733 |
| Investments—publicly traded securities | $1,559,921 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $89,426 |
| Total assets | $26,183,990 |
| Accounts payable and accrued expenses | $896,748 |
| Grants payable | $0 |
| Deferred revenue | $3,880,820 |
| Tax-exempt bond liabilities | $6,626,250 |
| 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 | $247,831 |
| Total liabilities | $11,651,649 |
| Net assets without donor restrictions | $9,474,280 |
| Net assets with donor restrictions | $5,058,061 |
| 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 | $26,183,990 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Trinity School Of Durham And Chapel Hill Inc has recieved totaling $896,659.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $543,277 |
Mario Family Foundation Chatham, NJ PURPOSE: TRINITY FORWARD CAMPAIGN | $200,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $38,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $32,067 |
The Aspen Institute Inc Washington, DC PURPOSE: AWARD FOR PRIVATE SCHOOL WINNER | $20,000 |
Mario Family Foundation Chatham, NJ PURPOSE: TRINITY FUND | $15,000 |
Endowment Analysis
| Beg. Balance | $1,254,108 |
| Earnings | $414,901 |
| Net Contributions | $47,653 |
| Other Expense | $70,000 |
| Ending Balance | $1,646,662 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Potomac School Mclean, VA | $225,192,195 | $49,665,882 |
Providence Day School Charlotte, NC | $110,524,658 | $50,140,053 |
Flint Hill School Oakton, VA | $94,406,099 | $45,449,765 |
Charlotte Latin Schools Inc Charlotte, NC | $136,686,590 | $47,461,290 |
Greater Atlanta Christian Schools Inc Norcross, GA | $104,910,212 | $44,897,863 |
Pace Academy Inc Atlanta, GA | $185,935,585 | $47,968,638 |
Ravenscroft School Inc Raleigh, NC | $81,090,288 | $36,426,897 |
Durham Academy Inc Durham, NC | $115,235,784 | $38,768,231 |
Purpose Built Schools Atlanta Inc Atlanta, GA | $15,990,097 | $34,651,857 |
Wesleyan School Inc Peachtree Corners, GA | $136,567,654 | $38,199,935 |
St Annes-Belfield Inc Charlottesville, VA | $122,363,605 | $34,335,007 |
Norfolk Academy Norfolk, VA | $147,079,429 | $29,484,040 |