Trinity School Endowment Corporation
- Assets
- $12.1m
- Revenue
- $519.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Midland, TX
- Founding
- 09/2014
- Data as of
- 06/2021
- EIN
- 46-4931388
Organization Overview
Trinity School Endowment Corporation is located in Midland, TX. The organization was established in 2014. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trinity School Endowment 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 06/2021, Trinity School Endowment Corporation generated $519.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 21.6% each year . All expenses for the organization totaled $8.4k during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TRINITY SCHOOL ENDOWMENT CORPORATION DIRECTLY SUPPORTS TRINITY SCHOOL OF MIDLAND, A 501(C)(3) EDUCATIONAL ORGANIZATION LOCATED IN MIDLAND, TEXAS. TRINITY SCHOOL OF MIDLAND IS A COLLEGE PREPARATORY COMMUNITY THAT PROVIDES A NURTURING ENVIRONMENT TO ENRICH THE MIND, STRENGTHEN THE BODY, ENLIVEN THE SOUL, AND INSPIRE SERVANT LEADERSHIP. TRINITY SCHOOL ENDOWMENT CORPORATION HELPS ACHIEVE THOSE GOALS BY ACTING AS A DEPOSITORY FOR ENDOWMENT FUNDS, MANAGING THOSE FUNDS AND HELP RAISE ADDITIONAL FUNDS FOR TRINITY SCHOOL OF MIDLAND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT OF TRINITY SCHOOL OF MIDLAND AND ITS COLLEGE PREPARATORY COMMUNITY THAT PROVIDES A NURTURING ENVIRONMENT TO ENRICH THE MIND, STRENGTHEN THE BODY, ENLIVEN THE SOUL, AND INSPIRE SERVANT LEADERSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Party Chairman | OfficerTrustee | 1 | $0 |
Terry Wilkinson Secretary | OfficerTrustee | 1 | $0 |
Noble Starnes Treasurer | OfficerTrustee | 1 | $0 |
Shelby Hammer Ts Head | Officer | 1 | $0 |
Michael Mcwilliams Trustee | Trustee | 1 | $0 |
Steve Pruett Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $201,275 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $26,414 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $227,689 |
| Total Program Service Revenue | $0 |
| Investment income | $240,608 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $50,897 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $519,194 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $8,424 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $140,112 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $72,064 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $11,843,636 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,055,812 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $2,882,221 |
| Net assets with donor restrictions | $9,173,591 |
| 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 | $12,055,812 |
Endowment Analysis
| Beg. Balance | $9,383,327 |
| Earnings | $2,453,230 |
| Net Contributions | $227,689 |
| Other Expense | $8,434 |
| Ending Balance | $12,055,812 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Valor Texas Education Foundation Austin, TX | $20,040,325 | $11,565,701 |
Foundation For Tulsa Schools Tulsa, OK | $13,402,243 | $11,567,047 |
Eugene Higgins Charitable Trust Dallas, TX | $194,077,327 | $32,131,659 |
Lyndon Baines Johnson Foundation Austin, TX | $271,934,270 | $12,544,612 |
Los Alamos National Laboratory Foundation Espanola, NM | $121,206,991 | $6,734,322 |
Joe W & Dorothy Dorsett Brown Foundation Metairie, LA | $122,222,465 | $11,452,057 |
Canfield Family Foundation Austin, TX | $4,029,217 | $166,419 |
Osteopathic Medical Education Consortium Of Oklahoma Inc Tulsa, OK | $3,495,258 | $6,319,915 |
Yellowstone Academy Inc Houston, TX | $16,392,464 | $16,744,043 |
Houston Community College Foundation Houston, TX | $19,733,211 | $7,332,146 |
Houston Independent School District Foundation Houston, TX | $7,123,064 | $5,838,395 |
Sandia Foundation Albuquerque, NM | $101,924,097 | $6,126,551 |