Trine University Inc
- Assets
- $299.3m
- Revenue
- $187.4m
- Investments
- $0.0
- Employees
- 1,803
- Location
- Angola, IN
- Founding
- 04/1948
- Data as of
- 04/2023
- EIN
- 35-0715530
Organization Overview
Trine University Inc is located in Angola, IN. The organization was established in 1948. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 04/2024, Trine University Inc employed 1,803 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trine University 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 04/2023, Trine University Inc generated $187.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $130.3m during the year ending 04/2023. While expenses have increased by 6.5% 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
TRINE, AN INTERNATIONALLY RECOGNIZED PRIVATE, INDEPENDENT, CO-EDUCATIONAL INSTITUTION OFFERS DEGREES IN VARIOUS PROGRAMS INCLUDING ENGINEERING, MATH, SCIENCE AND BUSINESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL OTHER REVENUE AND EXPENSES RELATE TO OTHER EDUCATIONAL INSTRUCTIONS IN SCIENCE, BUSINESS ADMINISTRATION, TEACHING EDUCATION, COMMUNICATIONS, AND SOCIAL SCIENCES.
SEE SCHEDULE O
SEE SCHEDULE O
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Board Vice-Chair | Trustee | 1 | $0 |
Name Not Listed Board Memeber | Trustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bon Appetit Food Service | 4/29/23 | $6,592,611 |
Jici Construction | 4/29/23 | $13,747,498 |
Grukul Overseas Recruitment | 4/29/23 | $7,064,198 |
Michael Kinder Sons Inc Construction | 4/29/23 | $4,116,685 |
Design Collaborative Inc Drafting/design | 4/29/23 | $1,553,617 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $746,736 |
| Related organizations | $15,287 |
| Government grants | $384,209 |
| All other contributions, gifts, grants, and similar amounts not included above | $23,751,101 |
| Noncash contributions included in lines 1a–1f | $1,295,484 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,897,333 |
| Total Program Service Revenue | $160,283,645 |
| Investment income | $2,197,068 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,542 |
| Net Gain/Loss on Asset Sales | -$568,289 |
| Net Income from Fundraising Events | -$139,573 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $41,370 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $187,400,612 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $45,403,802 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,748,472 |
| Compensation of current officers, directors, key employees. | $139,878 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $31,080,145 |
| Pension plan accruals and contributions | $2,177,632 |
| Other employee benefits | $2,450,108 |
| Payroll taxes | $2,474,053 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $64,803 |
| Fees for services: Accounting | $222,726 |
| Fees for services: Lobbying | $240,023 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $150,373 |
| Fees for services: Other | $7,554,512 |
| Advertising and promotion | $1,128,221 |
| Office expenses | $2,053,335 |
| Information technology | $1,871,123 |
| Royalties | $0 |
| Occupancy | $3,926,361 |
| Travel | $2,289,464 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $547,893 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,166,124 |
| Insurance | $494,700 |
| All other expenses | $5,274,453 |
| Total functional expenses | $130,306,232 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,150 |
| Savings and temporary cash investments | $49,071,136 |
| Pledges and grants receivable | $15,658,193 |
| Accounts receivable, net | $4,109,162 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $230,646 |
| Prepaid expenses and deferred charges | $1,625,282 |
| Net Land, buildings, and equipment | $150,377,404 |
| Investments—publicly traded securities | $70,459,658 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,784,483 |
| Total assets | $299,322,114 |
| Accounts payable and accrued expenses | $11,404,278 |
| Grants payable | $0 |
| Deferred revenue | $1,887,717 |
| Tax-exempt bond liabilities | $24,258,594 |
| 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 | $4,828,316 |
| Total liabilities | $42,378,905 |
| Net assets without donor restrictions | $190,058,114 |
| Net assets with donor restrictions | $66,885,095 |
| 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 | $299,322,114 |