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← TRINITY SCHOOL ENDOWMENT CORPORATION

Form 990 for tax year 2023

Filed by TRINITY SCHOOL ENDOWMENT CORPORATION.

Totals

Total revenue
$624,309
Total expenses
$646,383
Contributions and grants received
$137,389
Grants paid
$0
Program service revenue
$0
Investment income
$432,644
Other revenue
$54,276
Total assets, end of year
$15,926,283
Total liabilities, end of year
$54,806
Net assets or fund balances, end of year
$15,871,477
Program services expenses (Part IX)
$626,425
Management and general expenses
$19,958
Fundraising expenses
$0
Program service expenses (Part III)
$626,425

Program services were 96.9% 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.

  • 1f · All other contributions, gifts and grants

    $137,389

  • 3 · Investment income

    total $432,644 · excluded $432,644

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $54,276 · excluded $54,276

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $626,425 · program services $626,425

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $0

  • 24a · Other expenses: MISCELLANEOUS AND OTHER

    total $17,857 · management and general $17,857

  • 24b · Other expenses: TAXES OTHER

    total $2,101 · management and general $2,101

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $258,334 · end of year $67,764

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $99,616 · end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $0

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $14,055,322 · end of year $15,858,519

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 17 · Accounts payable and accrued expenses

    end of year $54,806

  • 27 · Net assets without donor restrictions

    beginning of year $4,169,714 · end of year $4,268,651

  • 28 · Net assets with donor restrictions

    beginning of year $10,243,558 · end of year $11,602,826

Mission and programs · 2023

Mission

NONE

Activities or mission (Part I)

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.

  • 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.

    Expenses $626,425

As filed on the 2023 return.

Listed in Part VII

  • Shelby Hammer

    TS HEAD

    Total calculated
    $311,388
    From this org
    $0
    From related orgs
    $311,388
    Other
    $0
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $311,388 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $311,388 related

  • Jamie Terry

    TS CFO

    Total calculated
    $158,485
    From this org
    $0
    From related orgs
    $158,485
    Other
    $0
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $158,485 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $158,485 related

  • Mike Party

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Michael McWilliams

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Steve Pruett

    Chairman

    Total calculated
    $0
    Hours/week
    1

  • Mary Ann Beninati

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Michael Glasscock

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Noble Starnes

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Tripp Edwards

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Ginny Allen

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Robin Brown

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Tricia Seth

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Dwight Alworth

    Trustee

    Total calculated
    $0
    Hours/week
    1

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

None.

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

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
17 April 2025
IRS schema version
2023v6.0
Source object
202511079349300531

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