Trinity Foundation Inc
- Assets
- $22.0m
- Revenue
- $13.9m
- Investments
- $0.0
- Employees
- 137
- Location
- Thompson, CT
- Founding
- 12/2002
- Data as of
- 06/2022
- EIN
- 06-1623476
Organization Overview
Trinity Foundation Inc is located in Thompson, CT. The organization was established in 2002. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2022, Trinity Foundation Inc employed 137 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trinity Foundation 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 Foundation Inc generated $13.9m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $14.4m 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
TO EDUCATE STUDENTS IN THE CATHOLIC TRADITION OF ACADEMIC EXCELLENCE WITH A COMMITMENT TO AN ACTIVE FAITH IN GOD AND A DEDICATION TO BUILDING CHARACTER WITH CONTENT, COMPASSION,
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TRINITY FOUNDATION D/B/A MARIANAPOLIS PREPARATORY SCHOOL IS AN INDEPENDENT SECONDARY SCHOOL FOR GRADES 9 THRU 12, WHICH HELPS THE STUDENTS DEVELOP CRITICAL AND ANALYTICAL THINKING SKILLS; TO BUILD COMMUNICATING AND PROBLEM-SOLVING SKILLS; TO PROMOTE THE LOVE OF LEARNING AND THE HIGHEST STANDARDS OF ACADEMIC ACHIEVEMENT; TO FOSTER AESTHETIC SENSITIVITY AND CREATIVITY; TO ENCOURAGE THE IDEAL OF SOUND MIND AND BODY; TO APPRECIATE THE VALUE OF CULTURAL DIVERSITY; TO NUTURE ACTIVE AND INTELLIGENT CITIZENSHIP IN THE WORLD; AND TO AFFIRM CATHOLIC PRINCIPLES THROUGH ETHICAL AND MORAL VALUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Ernest Acquaah-Harrison Board Member | Trustee | 2 | $0 |
Mr Richard Androlewicz Board Member | Trustee | 2 | $0 |
Dr Mehdi Anwar Board Member | Trustee | 2 | $0 |
Mr Thomas Dodge Treasurer | OfficerTrustee | 2 | $0 |
Mr William Fontaine Board Member | Trustee | 2 | $0 |
Mr Ryan Ford Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sage Dining Services Dining Services | 6/29/22 | $752,828 |
Kalinowski General Construction Inc Construction | 6/29/22 | $132,550 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,022,653 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,517,539 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,540,192 |
| Total Program Service Revenue | $11,515,172 |
| Investment income | -$199,788 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $956 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,856,532 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,566,626 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $417,379 |
| Compensation of current officers, directors, key employees. | $373,102 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,027,093 |
| Pension plan accruals and contributions | $122,388 |
| Other employee benefits | $914,451 |
| Payroll taxes | $298,422 |
| 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 | $0 |
| Fees for services: Other | $313,352 |
| Advertising and promotion | $65,288 |
| Office expenses | $260,217 |
| Information technology | $426,075 |
| Royalties | $0 |
| Occupancy | $1,560,516 |
| Travel | $187,376 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $228,381 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $897,558 |
| Insurance | $159,871 |
| All other expenses | $0 |
| Total functional expenses | $14,386,620 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,881 |
| Savings and temporary cash investments | $216,461 |
| Pledges and grants receivable | $2,264,103 |
| Accounts receivable, net | $22,595 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $279,671 |
| Inventories for sale or use | $43,407 |
| Prepaid expenses and deferred charges | $197,548 |
| Net Land, buildings, and equipment | $16,165,430 |
| Investments—publicly traded securities | $2,743,079 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $43,500 |
| Total assets | $21,982,675 |
| Accounts payable and accrued expenses | $886,257 |
| Grants payable | $0 |
| Deferred revenue | $2,898,383 |
| 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 | $7,628,920 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $11,413,560 |
| Net assets without donor restrictions | $7,502,156 |
| Net assets with donor restrictions | $3,066,959 |
| 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 | $21,982,675 |