Trinity College Of Florida Inc
- Assets
- $8.8m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 106
- Location
- Trinity, FL
- Founding
- 04/1964
- Data as of
- 06/2022
- EIN
- 59-6155069
Organization Overview
Trinity College Of Florida Inc is located in Trinity, FL. The organization was established in 1964. 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 College Of Florida Inc employed 106 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trinity College Of Florida 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 06/2022, Trinity College Of Florida Inc generated $3.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $4.5m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
A PRIVATE, FOUR-YEAR COLLEGE THAT PROVIDES HIGHER EDUCATION IN THREE ACADEMIC DISCIPLINES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRINITY COLLEGE OF FLORIDA, FOUNDED IN 1932, IS A PRIVATE FOUR-YEAR COLLEGE THAT PROVIDES ACADEMIC DEGREE PROGRAMS IN TWELVE MAJORS. IT IS A PLACE WHERE STUDENTS AND FACULTY FORM A STRONG COMMUNITY EXTENDING BEYOND THE CLASSROOM. IT IS A PLACE WHERE LIFELONG FRIENDSHIPS ARE FORGED AND A FOUNDATION ON GOD'S WORD IS LAID. THE COLLEGE'S PREPARATION INVOLVES VALUABLE CLASSROOM TRAINING, COMMUNITY SERVICE AND INTERNSHIPS.(CONTINUED ON SCHEDULE O)THE COLLEGE IS ACCREDITED BY THE COMMISSION ON ACCREDITATION OF THE ASSOCIATION FOR BIBLICAL HIGHER EDUCATION (ABHE). ABHE IS RECOGNIZED AS AN INSTITUTIONAL ACCREDITOR BY THE COUNCIL ON HIGHER EDUCATION ACCREDITATION (CHEA) AND THE U.S. DEPARTMENT OF EDUCATION.IN 2013, A DONOR GAVE A FOUNDATIONAL GIFT TO BEGIN THE LIFE CHANGE SCHOLARSHIP PROGRAM. MANY OTHER FRIENDS OF THE COLLEGE HAVE GIVEN TO THIS SCHOLARSHIP WHICH ENABLES TRINITY TO ASSIST STUDENTS WITH EDUCATIONAL AFFORDABILITY. SINCE INCEPTION OF THE SCHOLARSHIP PROGRAM, THE COLLEGE HAS AWARDED 276 STUDENTS MORE THAN $900,000.
THE COLLEGE'S STUDENT LIFE OFFICE WORKS DIRECTLY WITH STUDENTS TO ENSURE A PERSONAL CAMPUS LIFE EXPERIENCE. THE STUDENT GOVERNMENT ASSOCIATION SPONSORS ACTIVITIES TO ENJOY OUTSIDE OF THE CLASSROOM. THE ATHLETIC PROGRAM HAS EXPANDED TO INCLUDE: WOMEN'S VOLLEYBALL, MEN'S SOCCER, AND MEN AND WOMEN'S BASKETBALL.
THE COLLEGE'S AUXILIARY ENTERPRISES INCLUDE DINING SERVICES AND RESIDENCE LIFE. THE COLLEGE OFFERS A MEAL PLAN FOR RESIDENT STUDENTS WITH AVAILABILITY FOR COMMUTER STUDENTS TO PARTICIPATE. MAXIMUM RESIDENCE HALL CAPACITY IS CURRENTLY 90.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Eric Bargerhuff VP For Academic Affairs | Officer | 45 | $87,626 |
Dr Mark T O'farrell President | Officer | 45 | $85,167 |
Anthony Abell VP Enrollment | Officer | 40 | $73,120 |
Albert Depoutot VP For Student Development | Officer | 40 | $51,395 |
Christian Frost Senior Accountant (started 3/8/21) | Officer | 40 | $34,094 |
Charles Martin VP For Advancement | Officer | 20 | $25,150 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $23,890 |
| Related organizations | $0 |
| Government grants | $366,345 |
| All other contributions, gifts, grants, and similar amounts not included above | $750,699 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,140,934 |
| Total Program Service Revenue | $2,287,178 |
| Investment income | $12,512 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $172,987 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$12,428 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,601,183 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $22,757 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $416,478 |
| Compensation of current officers, directors, key employees. | $392,830 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,284,797 |
| Pension plan accruals and contributions | $16,347 |
| Other employee benefits | $132,641 |
| Payroll taxes | $121,898 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $46,655 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $192,431 |
| Advertising and promotion | $127,993 |
| Office expenses | $338,067 |
| Information technology | $379,053 |
| Royalties | $0 |
| Occupancy | $370,467 |
| Travel | $78,943 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,190 |
| Interest | $152,777 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $397,798 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,505,640 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $369,744 |
| Savings and temporary cash investments | $706,756 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $62,330 |
| 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 | $38,103 |
| Net Land, buildings, and equipment | $7,621,730 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,150 |
| Total assets | $8,799,813 |
| Accounts payable and accrued expenses | $347,711 |
| Grants payable | $0 |
| Deferred revenue | $5,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $95,000 |
| Secured mortgages and notes payable | $3,085,310 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,004 |
| Total liabilities | $3,534,025 |
| Net assets without donor restrictions | $4,200,279 |
| Net assets with donor restrictions | $1,065,509 |
| 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 | $8,799,813 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Trinity College Of Florida Inc has recieved totaling $227,376.
| Awarding Organization | Amount |
|---|---|
Speer Foundation Brentwood, TN PURPOSE: OPERATING SUPPORT | $177,000 |
Trust For Rehabilitation And Nurturing Youth And Families Inc Tarpon Springs, FL | | $25,187 |
Trust For Rehabilitation And Nurturing Youth And Families Inc Tarpon Springs, FL | | $25,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $189 |
Endowment Analysis
| Beg. Balance | $825,648 |
| Earnings | $7,961 |
| Net Contributions | $16,605 |
| Other Expense | $7,961 |
| Ending Balance | $842,253 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hodges University Inc Ft Myers, FL | $69,958,364 | $14,637,102 |
Compass Rose Foundation Inc Jacksonville, FL | $51,584,568 | $19,833,051 |
Brewton Parker College Inc Mount Vernon, GA | $26,983,767 | $18,922,646 |
Paine College Augusta, GA | $39,651,651 | $10,570,569 |
Judson College Marion, AL | $32,056,907 | $7,964,098 |
Clayton State University Foundation Inc Morrow, GA | $97,218,630 | $15,697,742 |
Beacon College Prep Inc Miami Beach, FL | $12,193,654 | $7,064,402 |
Columbus State University Foundation Inc Columbus, GA | $135,224,676 | $13,332,092 |
Beulah Heights University Incorporated Atlanta, GA | $4,161,246 | $5,943,784 |
Trinity Baptist College Inc Jacksonville, FL | $5,914,486 | $5,839,397 |
Valdosta State University Foundation Inc Valdosta, GA | $81,061,715 | $11,895,592 |
Trinity College Of Florida Inc Trinity, FL | $8,799,813 | $3,601,183 |