Trinity Episcopal School
- Assets
- $41.4m
- Revenue
- $13.3m
- Investments
- $8.1m
- Employees
- 139
- Location
- Charlotte, NC
- Founding
- 09/1998
- Data as of
- 06/2023
- EIN
- 56-2059568
Organization Overview
Trinity Episcopal School is located in Charlotte, NC. The organization was established in 1998. 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 06/2023, Trinity Episcopal School employed 139 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trinity Episcopal School 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 06/2023, Trinity Episcopal School generated $13.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $12.8m during the year ending 06/2023. While expenses have increased by 4.3% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TRINITY EPISCOPAL SCHOOL IS CALLED TO INSPIRE YOUNG LIVES BY CREATING OUTSTANDING SCHOLARS WHO ARE GROUNDED IN A FIRM SPIRITUAL FOUNDATION AND AN ENDURING COMMITMENT TO THE RICHNESS OF DIVERSITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN CHARLOTTE'S CENTER CITY, THE TRINITY EPISCOPAL SCHOOL K-8 PROGRAMS CREATE SCHOLARS, NURTURE SPIRITUALITY, EMBRACE DIVERSITY AND INSTILL INTEGRITY. THE SCHOOL ENROLLED 442 STUDENTS FOR THE 2022-23 SCHOOL YEAR AND GRADUATED 49 STUDENTS IN JUNE 2023.
THE TRINITY EPISCOPAL SCHOOL EXTENDED DAY PROGRAMS PROVIDE EDUCATIONAL ENRICHMENT, AFTER SCHOOL CARE AND SUMMER CAMP PROGRAMS. EDUCATIONAL ENRICHMENTS AND AFTER SCHOOL CARE WERE PROVIDED TO APPROXIMATELY 125 STUDENTS DURING THE 2022-2023 SCHOOL YEAR. WILDCAT SUMMER CAMP PROGRAMS WERE PROVIDED TO APPROXIMATELY 190 TRINITY STUDENTS AND 140 STUDENTS FROM OTHER SCHOOLS. THE TRINITY EPISCOPAL SCHOOL LUNCH PROGRAM SERVES APPROXIMATELY 300 NUTRITIONALLY BALANCED AND FLAVORFUL MEALS PER DAY TO STUDENTS, FACULTY AND STAFF. DINERS HAVE THE OPTION OF A HOT ENTREE WITH SIDES, A DELI BAR, AND SOUP AND SALAD BAR EACH DAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Katherine Addison Trustee | Trustee | 2 | $0 |
Anne Bowman Trustee | Trustee | 2 | $0 |
Eugene Brown Trustee | Trustee | 6 | $0 |
Rev Joshua Case Trustee | Trustee | 2 | $0 |
Ann Clark Trustee | Trustee | 2 | $0 |
Marcus Clarke Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $21,778 |
| Related organizations | $0 |
| Government grants | $1,334,851 |
| All other contributions, gifts, grants, and similar amounts not included above | $903,519 |
| Noncash contributions included in lines 1a–1f | $359,552 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,260,148 |
| Total Program Service Revenue | $10,580,853 |
| Investment income | $389,395 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,121 |
| Net Gain/Loss on Asset Sales | -$36,680 |
| Net Income from Fundraising Events | -$7,730 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,275,095 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,232,767 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $467,687 |
| Compensation of current officers, directors, key employees. | $278,459 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,125,039 |
| Pension plan accruals and contributions | $342,830 |
| Other employee benefits | $614,538 |
| Payroll taxes | $384,613 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,522 |
| Fees for services: Accounting | $80,187 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $97,074 |
| Fees for services: Other | $39,405 |
| Advertising and promotion | $41,671 |
| Office expenses | $150,618 |
| Information technology | $99,579 |
| Royalties | $0 |
| Occupancy | $556,904 |
| Travel | $490 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $79,594 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $857,640 |
| Insurance | $48,384 |
| All other expenses | $253,546 |
| Total functional expenses | $12,768,402 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,106,763 |
| Savings and temporary cash investments | $4,868,974 |
| Pledges and grants receivable | $916,058 |
| Accounts receivable, net | $49,405 |
| 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 | $188,566 |
| Net Land, buildings, and equipment | $15,253,707 |
| Investments—publicly traded securities | $9,884,718 |
| Investments—other securities | $8,091,589 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $41,359,780 |
| Accounts payable and accrued expenses | $412,832 |
| Grants payable | $0 |
| Deferred revenue | $833,067 |
| Tax-exempt bond liabilities | $2,015,104 |
| 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 | $0 |
| Total liabilities | $3,261,003 |
| Net assets without donor restrictions | $21,370,814 |
| Net assets with donor restrictions | $16,727,963 |
| 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 | $41,359,780 |