Trinity Schools Inc
- Assets
- $7.0m
- Revenue
- $13.7m
- Investments
- $0.0
- Employees
- 157
- Location
- South Bend, IN
- Founding
- 06/1981
- Data as of
- 06/2022
- EIN
- 35-1502075
Organization Overview
Trinity Schools Inc is located in South Bend, IN. The organization was established in 1981. 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 Schools Inc employed 157 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trinity Schools 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 Schools Inc generated $13.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $13.7m during the year ending 06/2022. While expenses have increased by 5.1% 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
THE MISSION OF TRINITY SCHOOLS IS TO IMPART BASIC ORDERED KNOWLEDGE ABOUT THE WORLD AND TO TRAIN STUDENTS IN BASIC INTELLECTUAL SKILLS AND QUALITIES OF MIND SO THAT THEY MIGHT BE OF USE TO GOD IN THE WISE CARE AND GOVERNANCE OF HIS CREATION AND IN THE BUILDING OF HIS KINGDOM. WE ACCOMPLISH THIS BY ESTABLISHING A CULTURE MARKED BY THE DISCOVERY OF TRUTH, THE PRACTICE OF GOODNESS, THE CREATION OF BEAUTY AND THE DEVELOPMENT OF INTELLECTUAL AND AESTHETIC HABITS OF MIND. TRINITY SCHOOL IS A COMMUNITY OF LEARNERS CHARACTERIZED BY THE RIGOROUS EXPLORATION OF REALITY, THE FREE AND DISCIPLINED EXCHANGE OF IDEAS, AND ACTIVE PARTICIPATION IN THE FINE ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MISSION OF TRINITY SCHOOLS IS TO IMPART BASIC ORDERED KNOWLEDGE ABOUT THE WORLD AND TO TRAIN STUDENTS IN BASIC INTELLECTUAL SKILLS AND QUALITIES OF MIND SO THAT THEY MIGHT BE OF USE TO GOD IN THE WISE CARE AND GOVERNANCE OF HIS CREATION AND IN THE BUILDING OF HIS KINGDOM. WE ACCOMPLISH THIS BY ESTABLISHING A CULTURE MARKED BY THE DISCOVERY OF TRUTH, THE PRACTICE OF GOODNESS, THE CREATION OF BEAUTY, AND THE DEVELOPMENT OF INTELLECTUAL AND AESTHETIC HABITS OF MIND. TRINITY SCHOOL IS A COMMUNITY OF LEARNERS CHARACTERIZED BY THE RIGOROUS EXPLORATION OF REALITY, THE FREE AND DISCIPLINED EXCHANGE OF IDEAS, AND ACTIVE PARTICIPATION IN THE FINE ARTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jon Balsbaugh President | OfficerTrustee | 40 | $103,984 |
Mike Zusi VP Of Bus Af | Officer | 20 | $44,348 |
Eric Yost Controller | Officer | 40 | $44,127 |
Dan Brewer Treasurer | OfficerTrustee | 8 | $6,000 |
Craig Lent Chairman | OfficerTrustee | 2 | $0 |
Kevin Ranaghan Vice Chairma | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $302,444 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $607,575 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $910,019 |
| Total Program Service Revenue | $11,908,749 |
| Investment income | $164,828 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $251,678 |
| Net Income from Fundraising Events | $496,802 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,749,929 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,799,688 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $244,910 |
| Compensation of current officers, directors, key employees. | $244,910 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,317,709 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $948,531 |
| Payroll taxes | $405,088 |
| Fees for services: Management | $9,515 |
| Fees for services: Legal | $95,844 |
| Fees for services: Accounting | $17,992 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $46,304 |
| Fees for services: Other | $0 |
| Advertising and promotion | $203,550 |
| Office expenses | $136,262 |
| Information technology | $42,081 |
| Royalties | $0 |
| Occupancy | $1,887,558 |
| Travel | $15,411 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,106 |
| Interest | $4,721 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $70,052 |
| Insurance | $65,995 |
| All other expenses | $30,524 |
| Total functional expenses | $13,705,500 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $800,343 |
| Savings and temporary cash investments | $82,524 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $113,898 |
| 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 | $119,020 |
| Net Land, buildings, and equipment | $1,054,110 |
| Investments—publicly traded securities | $4,859,939 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,029,834 |
| Accounts payable and accrued expenses | $77,376 |
| Grants payable | $0 |
| Deferred revenue | $478,534 |
| 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 | $828,087 |
| Total liabilities | $1,383,997 |
| Net assets without donor restrictions | $2,995,803 |
| Net assets with donor restrictions | $2,650,034 |
| 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 | $7,029,834 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Trinity Schools Inc has recieved totaling $1,904.
| Awarding Organization | Amount |
|---|---|
Celanese Foundation Irving, TX PURPOSE: CHARITABLE CONTRIBUTION | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $904 |
Endowment Analysis
| Beg. Balance | $5,746,798 |
| Earnings | -$687,870 |
| Admin Expense | $46,304 |
| Net Contributions | $32,095 |
| Grants | -$184,780 |
| Ending Balance | $4,859,939 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Concept Schools Inc Schaumburg, IL | $73,509,189 | $54,687,645 |
Lake Forest Academy Lake Forest, IL | $113,447,241 | $34,795,522 |
John Burroughs School St Louis, MO | $206,476,145 | $33,752,535 |
Perspectives Charter School Chicago, IL | $57,974,185 | $31,269,423 |
Hope Christian Schools Inc Waukesha, WI | $8,169,327 | $30,403,375 |
Wheaton Academy West Chicago, IL | $41,216,883 | $18,989,425 |
Lexington School Inc Lexington, KY | $82,981,335 | $20,273,926 |
Westminster Christian Academy Association Town Country, MO | $72,930,151 | $20,133,441 |
Barstow School Kansas City, MO | $36,041,263 | $20,616,227 |
St Johns Northwestern Military Academy Inc Delafield, WI | $17,393,633 | $8,781,742 |
Trinity Schools Inc South Bend, IN | $7,029,834 | $13,749,929 |
Conserve School Corporation Land O Lakes, WI | $44,507,562 | $11,154,750 |