Trocaire College
- Assets
- $48.3m
- Revenue
- $27.7m
- Investments
- $8.7m
- Employees
- 343
- Location
- Buffalo, NY
- Founding
- 00/0000
- Data as of
- 05/2022
- EIN
- 16-0909446
Organization Overview
Trocaire College is located in Buffalo, NY. The organization was established in 0000. According to its NTEE Classification (B41) the organization is classified as: Two-Year Colleges, under the broad grouping of Education and related organizations. As of 05/2022, Trocaire College employed 343 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Trocaire College 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 05/2022, Trocaire College generated $27.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $23.1m during the year ending 05/2022. While expenses have increased by 2.2% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TROCAIRE IS THE COLLEGE WHERE LIVES ARE TRANSFORMED. OUR STUDENTS WILL BE GRADUATES OF CHOICE IN CAREER-ORIENTED PROFESSIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION - A 4-YEAR, PRIMARILY ASSOCIATE'S DEGREE-GRANTING PRIVATE NOT-FOR-PROFIT COLLEGE, OFFERING PRE-BACCALAUREATE CERTIFICATES, ASSOCIATE'S DEGREES AND BACHELOR'S DEGREES, REACHING APPROXIMATELY 1,000 FULL-AND PART-TIME CREDIT STUDENTS, WITH THREE ACADEMIC SEMESTERS (FALL, SPRING, SUMMER) AND OFFERING COURSES DURING THE DAY, IN THE EVENING, ON WEEKENDS AND VIA DISTANCE EDUCATION, AS WELL AS PROVIDING NON-CREDIT LIFELONG LEARNING AND CONTINUING EDUCATION
ACADEMIC SUPPORT INCLUDES SERVICES TO STUDENTS IN THE FOLLOWING AREAS: LIBRARY, LEARNING CENTER, STUDENT GOVERNMENT, ADMISSIONS, FINANCIAL ASSISTANCE, STUDENT RECORDS, ADVISEMENT, BILLING, CAREER COUNSELING, AND HEALTH RECORDS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bassam M Deeb PHD President | OfficerTrustee | 40 | $281,698 |
Gary M Smith VP Innovation And Workforc | 40 | $149,136 | |
Richard Linn Senior Vice President | 40 | $133,002 | |
Michael Cucinotta VP Finance | Officer | 40 | $132,959 |
Ann-Marie John Dean Of Nursing | 40 | $132,455 | |
Allyson Lowe VP Academic Affairs | 40 | $127,619 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mcallister & Quinn Llc Consulting | 5/30/20 | $112,650 |
Launchtech Llc Technology Solutions | 5/30/20 | $201,134 |
Launchtech Llc Technology Solutions | 5/30/20 | $201,134 |
The Lamar Companies Advertising | 5/30/20 | $131,539 |
The Lamar Companies Advertising | 5/30/20 | $131,539 |
Mcallister & Quinn Llc Consulting | 5/30/20 | $112,650 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $156,863 |
| Related organizations | $0 |
| Government grants | $7,953,047 |
| All other contributions, gifts, grants, and similar amounts not included above | $452,763 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,562,673 |
| Total Program Service Revenue | $17,976,738 |
| Investment income | $573,233 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,000 |
| Net Gain/Loss on Asset Sales | $550,147 |
| Net Income from Fundraising Events | -$31,188 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $27,715,968 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,105,547 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $497,652 |
| Compensation of current officers, directors, key employees. | $497,652 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,384,244 |
| Pension plan accruals and contributions | $455,258 |
| Other employee benefits | $1,263,028 |
| Payroll taxes | $661,122 |
| 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 | $119,472 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,933,474 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $203,210 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,668,808 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $23,098,280 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $504,646 |
| Pledges and grants receivable | $1,642,619 |
| Accounts receivable, net | $476,846 |
| 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 | $255,160 |
| Net Land, buildings, and equipment | $6,300,153 |
| Investments—publicly traded securities | $30,423,431 |
| Investments—other securities | $8,705,239 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $48,308,094 |
| Accounts payable and accrued expenses | $1,613,071 |
| Grants payable | $0 |
| Deferred revenue | $290,905 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,903,976 |
| Net assets without donor restrictions | $42,487,990 |
| Net assets with donor restrictions | $3,916,128 |
| 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 | $48,308,094 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that Trocaire College has recieved totaling $511,173.
| Awarding Organization | Amount |
|---|---|
Community Foundation For Greater Buffalo Inc Buffalo, NY PURPOSE: UNRESTRICTED USE; WORKFORCE DEVELOPMENT CHALLENGE; SISTER SALLY WALZ EMERGENCY FUND | $237,030 |
James H Cummings Foundation Inc Buffalo, NY PURPOSE: ULTRASOUND MACHINE | $90,300 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $50,000 |
United Way Of Buffalo And Erie County Buffalo, NY PURPOSE: PROGRAM FUNDING / BENNETT FUND | $23,900 |
Foundation 214 Inc Amherst, NY PURPOSE: CHARITABLE | $20,000 |
Foundation 214 Inc Amherst, NY PURPOSE: CHARITABLE | $20,000 |
Endowment Analysis
| Beg. Balance | $1,638,240 |
| Earnings | -$99,650 |
| Net Contributions | $237,946 |
| Other Expense | $33,800 |
| Ending Balance | $1,742,736 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mount Aloysius College Cresson, PA | $187,396,444 | $41,178,883 |
Landmark College Inc Putney, VT | $77,090,465 | $38,969,151 |
Lackawanna College Scranton, PA | $71,721,039 | $37,550,402 |
Keystone College La Plume, PA | $35,973,065 | $32,307,027 |
Mitchell College New London, CT | $42,145,371 | $31,379,437 |
Hilbert College Hamburg, NY | $32,366,281 | $25,027,344 |
Trocaire College Buffalo, NY | $48,308,094 | $27,715,968 |
Laboure College Milton, MA | $45,194,532 | $27,640,427 |
Maria College Albany, NY | $31,705,663 | $17,053,225 |
Villa Maria College Of Buffalo Buffalo, NY | $9,472,664 | $15,072,401 |
Monroe Community College Assn Inc Rochester, NY | $45,662,437 | $9,260,852 |
Northampton County Area Community College Foundation Bethlehem, PA | $90,958,462 | $10,129,172 |