Trinity Valley School
- Assets
- $129.9m
- Revenue
- $31.9m
- Investments
- $52.2m
- Employees
- 333
- Location
- Fort Worth, TX
- Founding
- 01/1964
- Data as of
- 06/2021
- EIN
- 75-1099126
Organization Overview
Trinity Valley School is located in Fort Worth, TX. The organization was established in 1964. 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 Valley School employed 333 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trinity Valley School 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 Valley School generated $31.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $28.1m during the year ending 06/2021. While expenses have increased by 2.0% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TRINITY VALLEY SCHOOL HAS FOUR MAIN OBJECTIVES FOR ITS STUDENTS; FINE SCHOLARSHIP WITH ITS FULFILLMENT AT COLLEGE; THE DEVELOPMENT OF WIDE CONSTRUCTIVE INTERESTS; INTELLIGENT CITIZENSHIP; AND SPIRITUAL AND MORAL DEVELOPMENT WHICH PROMOTES LASTING VALUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRINITY VALLEY SCHOOL IS A K-12 EDUCATIONAL INSTITUTION WITH AN ENROLLMENT OF 1,003 STUDENTS. THE TRINITY VALLEY SCHOOL CLASS OF 2022 HAD 89 GRADUATES ACCEPTED INTO 153 DIFFERENT COLLEGES AND RECEIVED $11 MILLION IN SCHOLARSHIPS. 5 MEMBERS OF THE CLASS WERE RECOGNIZED AS NATIONAL MERITS FINALISTS, 12 MEMBERS OF THE CLASS WERE RECOGNIZED AS NATIONAL MERIT COMMENDED SCHOLARS, 4 MEMBERS OF THE CLASS RECEIVED NATIONAL AFRICAN AMERICAN RECOGNITION AND 5 MEMBERS OF THE CLASS RECEIVED NATIONAL HISPANIC RECOGNITION. 4 MEMBERS WERE RECRUITED ATHLETES COMMITTED TO PLAYING COLLEGIATE SPORTS. ADDITIONALLY, THE CLASS OF 2022 COMPLETED 9,116 COMMUNITY SERVICE HOURS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Gallagher President | OfficerTrustee | 5 | $0 |
Jennifer Rosell Vice President | OfficerTrustee | 5 | $0 |
Maxwell Lea Treasurer/secretary | OfficerTrustee | 5 | $0 |
Amy Jacobs Governance Chair | Trustee | 5 | $0 |
Steve Willmann Finance Committee Chair | Trustee | 5 | $0 |
Mindy Hegi Audit Chair | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Faulk Company Janitorial Services | 6/29/22 | $354,194 |
Turf And Soil Management Athletic Field Lawn Care Services | 6/29/22 | $161,526 |
Trinity River Lawn Care & Landscaping Lawn Care & Landscaping Services | 6/29/22 | $127,284 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,142,444 |
| Investment income | $211,219 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $65,265 |
| Net Rental Income | $49,439 |
| Net Gain/Loss on Asset Sales | $4,848,015 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,929,734 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $3,228,840 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $609,767 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,832,840 |
| Pension plan accruals and contributions | $646,121 |
| Other employee benefits | $2,717,965 |
| Payroll taxes | $967,455 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $67,977 |
| Fees for services: Accounting | $98,612 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $96,187 |
| Fees for services: Other | $0 |
| Advertising and promotion | $229,024 |
| Office expenses | $198,355 |
| Information technology | $393,595 |
| Royalties | $0 |
| Occupancy | $1,789,217 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $33,877 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,966,317 |
| Insurance | $337,634 |
| All other expenses | $0 |
| Total functional expenses | $28,083,637 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,189,102 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $956,201 |
| Accounts receivable, net | $9,098,345 |
| 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 | $789,269 |
| Investments—publicly traded securities | $6,404,068 |
| Investments—other securities | $52,151,493 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $129,853,781 |
| Accounts payable and accrued expenses | $2,361,976 |
| Grants payable | $0 |
| Deferred revenue | $21,152,078 |
| 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 | $1,160,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $68,020 |
| Total liabilities | $24,742,074 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $105,111,707 |