Trinity Episcopal Schools Corporation
- Assets
- $259.5m
- Revenue
- $74.5m
- Investments
- $93.9k
- Employees
- 400
- Location
- New York, NY
- Founding
- 03/1942
- Data as of
- 06/2022
- EIN
- 13-5563003
Organization Overview
Trinity Episcopal Schools Corporation is located in New York, NY. The organization was established in 1942. 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 06/2022, Trinity Episcopal Schools Corporation employed 400 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trinity Episcopal Schools Corporation 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 Episcopal Schools Corporation generated $74.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $80.6m during the year ending 06/2022. While expenses have increased by 5.5% 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
THE SCHOOL PROVIDES EDUCATION TO APPROXIMATELY 1,000 STUDENTS FROM KINDERGARTEN TO TWELFTH GRADE.
Describe the Organization's Program Activity:
EDUCATIONAL INSTITUTION WITH A STUDENT BODY OF APPROXIMATELY 1,000 IN KINDERGARTEN THROUGH 12TH GRADE.
FOOD SERVICES PROVIDED FOR STUDENTS.
AFTER SCHOOL PROGRAMS PROVIDE SUPPLEMENTAL EDUCATION AND RECREATION FOR APPROXIMATELY 250 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Perez President | OfficerTrustee | 4 | $0 |
Adrienne Barr Secretary | OfficerTrustee | 2 | $0 |
Andrea C Roberts Treasurer | OfficerTrustee | 2 | $0 |
James Deutsch Vice President | OfficerTrustee | 2 | $0 |
Shiva Farouki Vice President | OfficerTrustee | 2 | $0 |
Igor Kirman ESQ Vice President | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Flik Dining Services | 6/29/22 | $3,499,513 |
Alliance Security Security Services | 6/29/22 | $1,181,124 |
Ropes & Gray Llp Legal | 6/29/22 | $793,715 |
Archstone Builders Construction Manager | 6/29/22 | $2,283,520 |
Alliance Maintenance Maintenance | 6/29/22 | $2,891,724 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $65,811 |
| Related organizations | $0 |
| Government grants | $757,527 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,859,566 |
| Noncash contributions included in lines 1a–1f | $502,921 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,682,904 |
| Total Program Service Revenue | $61,927,151 |
| Investment income | $1,692,084 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$83,893 |
| Net Gain/Loss on Asset Sales | -$707,951 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $74,510,295 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $10,989,056 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,395,337 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $29,986,542 |
| Pension plan accruals and contributions | $3,444,155 |
| Other employee benefits | $3,580,761 |
| Payroll taxes | $2,342,560 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,823,941 |
| Fees for services: Accounting | $108,960 |
| Fees for services: Lobbying | $120,172 |
| Fees for services: Fundraising | $12,125 |
| Fees for services: Investment Management | $120,000 |
| Fees for services: Other | $159,754 |
| Advertising and promotion | $0 |
| Office expenses | $1,968,393 |
| Information technology | $528,139 |
| Royalties | $0 |
| Occupancy | $6,362,260 |
| Travel | $2,536 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $816,722 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,108,977 |
| Insurance | $887,497 |
| All other expenses | $1,066,958 |
| Total functional expenses | $80,552,576 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,925,185 |
| Savings and temporary cash investments | $13,297,413 |
| Pledges and grants receivable | $74,474 |
| Accounts receivable, net | $442,631 |
| 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 | $1,111,554 |
| Net Land, buildings, and equipment | $149,219,599 |
| Investments—publicly traded securities | $80,628,405 |
| Investments—other securities | $93,883 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $659,701 |
| Total assets | $259,452,845 |
| Accounts payable and accrued expenses | $6,822,911 |
| Grants payable | $0 |
| Deferred revenue | $26,215,939 |
| 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 | $33,985,313 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,575,072 |
| Total liabilities | $69,599,235 |
| Net assets without donor restrictions | $131,148,884 |
| Net assets with donor restrictions | $58,704,726 |
| 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 | $259,452,845 |