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Nonprofiteer
← TRIO NEW COLLEGE NETWORK INC

Form 990 for tax year 2023

Filed by TRIO NEW COLLEGE NETWORK INC.

Totals

Total revenue
$4,600,456
Total expenses
$5,156,228
Contributions and grants received
$3,710,815
Grants paid
$150,206
Program service revenue
$826,293
Investment income
$63,348
Other revenue
$0
Total assets, end of year
$2,364,325
Total liabilities, end of year
$365,561
Net assets or fund balances, end of year
$1,998,764
Program services expenses (Part IX)
$4,715,453
Management and general expenses
$403,469
Fundraising expenses
$37,306
Program service expenses (Part III)
$4,715,453

Program services were 91.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $291,138

  • 1f · All other contributions, gifts and grants

    $3,419,677

  • 2a · Program service revenue: COACHING FEES

    total $826,293 · related or exempt $826,293

  • 3 · Investment income

    total $63,348 · excluded $63,348

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $25,000 · program services $25,000

  • 2 · Grants to domestic individuals

    total $125,206 · program services $125,206

  • 5 · Compensation of officers, directors and key employees

    total $298,156 · program services $251,571 · management and general $33,538 · fundraising $13,047

  • 7 · Other salaries and wages

    total $2,251,631 · program services $2,190,411 · management and general $41,720 · fundraising $19,500

  • 9 · Other employee benefits

    total $251,152 · program services $244,610 · management and general $4,270 · fundraising $2,272

  • 10 · Payroll taxes

    total $229,755 · program services $219,859 · management and general $7,409 · fundraising $2,487

  • 11b · Fees: legal

    total $173,019 · management and general $173,019

  • 11c · Fees: accounting

    total $103,200 · management and general $103,200

  • 11g · Fees: other

    total $586,652 · program services $586,652

  • 12 · Advertising and promotion

    total $576,819 · program services $576,819

  • 14 · Information technology

    total $112,081 · program services $112,081

  • 16 · Occupancy

    total $136,806 · program services $136,806

  • 17 · Travel

    total $140,359 · program services $140,359

  • 23 · Insurance

    total $9,950 · management and general $9,950

  • 24a · Other expenses: TEACHER SUPPORT

    total $68,428 · program services $68,428

  • 24b · Other expenses: SUBSCRIPTIONS AND FEES

    total $29,248 · management and general $29,248

  • 24c · Other expenses: PROGRAM SUPPLIES

    total $20,216 · program services $20,216

  • 24d · Other expenses: MISCELLANEOUS

    total $18,550 · program services $17,435 · management and general $1,115

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,671,990 · end of year $1,252,994

  • 2 · Savings and temporary cash investments

    beginning of year $436,074 · end of year $436,118

  • 3 · Pledges and grants receivable

    beginning of year $705,000 · end of year $385,000

  • 4 · Accounts receivable

    beginning of year $108,297 · end of year $268,759

  • 9 · Prepaid expenses and deferred charges

    beginning of year $21,454 · end of year $21,454

  • 15 · Other assets

    beginning of year $250,182 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $166,660 · end of year $365,561

  • 19 · Deferred revenue

    beginning of year $220,000

  • 25 · Other liabilities

    beginning of year $251,801 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $884,965 · end of year $972,802

  • 28 · Net assets with donor restrictions

    beginning of year $1,669,571 · end of year $1,025,962

Mission and programs · 2023

Mission

THE MISSION OF TRIO NEW COLLEGE NETWORK IS TO PARTNER WITH LOCAL COMMUNITY LEADERS TO LAUNCH AND OPERATE COLLEGE SUCCESS CENTERS IN THEIR COMMUNITIES IN ORDER TO BETTER SERVE STUDENTS WHO ARE CURRENTLY NOT WELL SUPPORTED BY EXISTING HIGHER EDUCATION OPTIONS, AND GIVE ALL STUDENTS ACCESS TO A LOW-COST, HIGH QUALITY DEGREE PATHWAY.

  • TRIO LAUNCHES AND OPERATES LOCAL COMMUNITY PARTNER PROGRAMS IN COMMUNITIES ACROSS THE COUNTRY THAT PROVIDE COACHING AND SUPPORT TO HELP MORE NONTRADITIONAL STUDENTS EARN THEIR COLLEGE DEGREE.OUR LARGEST PROGRAM IS OUR NATIONAL INCUBATION AND SUPPORT NETWORK. IN FISCAL YEAR 2024, WE CONTINUED OPERATING PROGRAMS IN NEW JERSEY, MICHIGAN, AND CONNECTICUT.

    Expenses $4,715,453 · Grants $150,206 · Revenue $826,293

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Christopher Gabrieli

    CEO/PRESIDENT/DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Eleanor Laurans

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Paymon Rouhanifard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Fred Mutsinzi

    DIRECTOR (UNTIL 7/31/23)

    Total calculated
    $0
    Hours/week
    1

  • Ted Mitchell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joseph Wesley Peacock

    TREASURER/MANAGING DIRECTOR, PROGRAM & OPERATION

    Total calculated
    $144,723
    From this org
    $120,671
    From related orgs
    $0
    Other
    $24,052
    Hours/week
    40

  • John Gabrieli

    CLERK/MANAGING DIRECTOR, GROWTH & STRATEGY

    Total calculated
    $116,967
    From this org
    $109,137
    From related orgs
    $0
    Other
    $7,830
    Hours/week
    40

  • Melissa Hamann

    EXECUTIVE DIRECTOR-DEP

    Total calculated
    $179,255
    From this org
    $163,788
    From related orgs
    $0
    Other
    $15,467
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $163,788
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $15,467
    Filer's total
    $179,255

  • Felecia Edwards-Smith

    EXECUTIVE DIRECTOR-FUTURE FORWARD CT

    Total calculated
    $161,460
    From this org
    $137,058
    From related orgs
    $0
    Other
    $24,402
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $137,058
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $24,402
    Filer's total
    $161,460

  • Danielle North

    EXECUTIVE DIRECTOR-DEGREE FORWARD

    Total calculated
    $162,414
    From this org
    $162,376
    From related orgs
    $0
    Other
    $38
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $162,376
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $38
    Filer's total
    $162,414

  • Saymah Nah

    EXECUTIVE DIRECTOR-GATEWAY U

    Total calculated
    $144,698
    From this org
    $136,935
    From related orgs
    $0
    Other
    $7,763
    Hours/week
    40

  • Khary Golden

    EXECUTIVE DIRECTOR-CAMDEN U

    Total calculated
    $112,055
    From this org
    $112,017
    From related orgs
    $0
    Other
    $38
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
14 March 2025
IRS schema version
2023v6.0
Source object
202500769349300125

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