Totals
- Total revenue
- $211,620,138
- Total expenses
- $150,968,710
- Contributions and grants received
- $12,749,896
- Grants paid
- $48,233,322
- Program service revenue
- $193,546,321
- Investment income
- $4,675,747
- Other revenue
- $648,174
- Total assets, end of year
- $364,746,007
- Total liabilities, end of year
- $41,020,307
- Net assets or fund balances, end of year
- $323,725,700
- Program services expenses (Part IX)
- $139,012,278
- Management and general expenses
- $9,640,913
- Fundraising expenses
- $2,315,519
- Program service expenses (Part III)
- $139,012,278
Program services were 92.1% 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.
-
1c · Fundraising events
$473,625
-
1d · Related organizations
$14,086
-
1e · Government grants (contributions)
$314,077
-
1f · All other contributions, gifts and grants
$11,948,108
-
1g · Noncash contributions included above
$1,249,226
-
2a · Program service revenue: TUITION AND FEES
total $172,582,029 · related or exempt $172,582,029
-
2b · Program service revenue: AUXILIARY INCOME
total $18,969,434 · related or exempt $18,241,132 · unrelated business $728,302
-
2c · Program service revenue: ATHLETIC INCOME
total $679,272 · related or exempt $679,272
-
2d · Program service revenue: MISCELLANEOUS INCOME
total $1,315,586 · related or exempt $1,136,403 · unrelated business $179,183
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $4,852,231 · excluded $4,852,231
-
6a · Gross rents
real property $8,575
-
6c · Rental income or loss
real property $8,575 · personal property $0
-
6d · Net rental income or loss
total $8,575 · excluded $8,575
-
7a · Gross sales of assets other than inventory
securities $80,689,979 · other assets $211,829
-
7b · Less cost or other basis and sales expenses
securities $80,622,591 · other assets $455,701
-
7c · Gain or loss
securities $67,388 · other assets -$243,872
-
7d · Net gain or loss
total -$176,484 · related or exempt -$243,872 · excluded $67,388
-
8a · Fundraising events: gross income
$19,505
-
8a · Fundraising events: contributions included on line 1c
$473,625
-
8b · Fundraising events: direct expenses
$282,874
-
8c · Net income from fundraising events
total -$263,369 · excluded -$263,369
-
10a · Gross sales of inventory
$291,306
-
10b · Cost of goods sold
$217,023
-
10c · Net income from sales of inventory
total $74,283 · unrelated business $74,283
-
11a · Other revenue: GOLF COURSE INCOME
total $828,685 · unrelated business $828,685
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$828,685
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $48,233,322 · program services $48,233,322
-
3 · Grants to foreign organizations and individuals
total $0 · program services $0
-
4 · Benefits paid to or for members
total $0 · program services $0
-
5 · Compensation of officers, directors and key employees
total $1,769,160 · program services $1,574,553 · management and general $141,533 · fundraising $53,074
-
7 · Other salaries and wages
total $40,618,134 · program services $36,150,139 · management and general $3,249,451 · fundraising $1,218,544
-
8 · Pension plan contributions
total $2,471,241 · program services $2,199,405 · management and general $197,699 · fundraising $74,137
-
9 · Other employee benefits
total $3,371,056 · program services $3,000,240 · management and general $269,684 · fundraising $101,132
-
10 · Payroll taxes
total $2,963,795 · program services $2,637,778 · management and general $237,104 · fundraising $88,913
-
11a · Fees: management
total $0 · program services $0 · management and general $0 · fundraising $0
-
11b · Fees: legal
total $113,769 · program services $0 · management and general $113,769 · fundraising $0
-
11c · Fees: accounting
total $271,062 · program services $0 · management and general $271,062 · fundraising $0
-
11d · Fees: lobbying
total $240,179 · program services $0 · management and general $240,179 · fundraising $0
-
11e · Fees: professional fundraising services
total $0 · fundraising $0
-
11f · Fees: investment management
total $194,069 · program services $0 · management and general $194,069 · fundraising $0
-
11g · Fees: other
total $8,266,407 · program services $5,786,485 · management and general $2,479,922 · fundraising $0
-
12 · Advertising and promotion
total $1,233,945 · program services $1,098,211 · management and general $98,716 · fundraising $37,018
-
13 · Office expenses
total $2,646,205 · program services $2,355,122 · management and general $211,696 · fundraising $79,387
-
14 · Information technology
total $2,236,212 · program services $1,990,229 · management and general $178,897 · fundraising $67,086
-
15 · Royalties
total $0 · program services $0 · management and general $0 · fundraising $0
-
16 · Occupancy
total $4,390,827 · program services $3,907,836 · management and general $351,266 · fundraising $131,725
-
17 · Travel
total $2,793,992 · program services $2,486,652 · management and general $223,519 · fundraising $83,821
-
18 · Travel or entertainment for public officials
total $0 · program services $0 · management and general $0 · fundraising $0
-
19 · Conferences, conventions and meetings
total $0 · program services $0 · management and general $0 · fundraising $0
-
20 · Interest
total $557,314 · program services $390,120 · management and general $167,194 · fundraising $0
-
21 · Payments to affiliates
total $0 · program services $0 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $7,750,904 · program services $6,898,305 · management and general $620,072 · fundraising $232,527
-
23 · Insurance
total $551,310 · program services $490,666 · management and general $44,105 · fundraising $16,539
-
24a · Other expenses: RECRUITING FEES
total $13,877,793 · program services $13,877,793
-
24b · Other expenses: OTHER
total $3,518,040 · program services $3,131,056 · management and general $281,443 · fundraising $105,541
-
24c · Other expenses: ACADEMIC SUPPORT
total $1,151,556 · program services $1,151,556
-
24d · Other expenses: MAINTENANCE/SERVICE CONTRACT
total $879,253 · program services $879,253
-
24e · All other expenses
total $869,165 · program services $773,557 · management and general $69,533 · fundraising $26,075
-
26 · Joint costs (an allocation of the lines above)
total $0 · program services $0 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $6,150 · end of year $5,700
-
2 · Savings and temporary cash investments
beginning of year $49,071,136 · end of year $28,512,991
-
3 · Pledges and grants receivable
beginning of year $15,658,193 · end of year $10,085,418
-
4 · Accounts receivable
beginning of year $4,109,162 · end of year $2,032,129
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $230,646 · end of year $214,241
-
9 · Prepaid expenses and deferred charges
beginning of year $1,625,282 · end of year $1,627,935
-
10a · Land, buildings and equipment: cost or other basis
$273,471,556
-
10b · Land, buildings and equipment: accumulated depreciation
$87,810,888
-
10c · Land, buildings and equipment, net
beginning of year $150,377,404 · end of year $185,660,668
-
11 · Investments: publicly traded securities
beginning of year $70,459,658 · end of year $127,473,226
-
12 · Investments: other securities
beginning of year $0
-
13 · Investments: program-related
beginning of year $0
-
15 · Other assets
beginning of year $7,784,483 · end of year $9,133,699
-
17 · Accounts payable and accrued expenses
beginning of year $11,404,278 · end of year $11,715,774
-
19 · Deferred revenue
beginning of year $1,887,717 · end of year $1,878,845
-
20 · Tax-exempt bond liabilities
beginning of year $24,258,594 · end of year $22,150,431
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $4,828,316 · end of year $5,275,257
-
27 · Net assets without donor restrictions
beginning of year $190,058,114 · end of year $254,452,177
-
28 · Net assets with donor restrictions
beginning of year $66,885,095 · end of year $69,273,523
Mission and programs · 2023
Mission
See Schedule O
Activities or mission (Part I)
TRINE, AN INTERNATIONALLY RECOGNIZED PRIVATE, INDEPENDENT, CO-EDUCATIONAL INSTITUTION OFFERS DEGREES IN VARIOUS PROGRAMS INCLUDING ENGINEERING, MATH, SCIENCE AND BUSINESS.
-
ALL OTHER REVENUE AND EXPENSES RELATE TO OTHER EDUCATIONAL INSTRUCTIONS IN SCIENCE, BUSINESS ADMINISTRATION, TEACHING EDUCATION, COMMUNICATIONS, AND SOCIAL SCIENCES.
Expenses $116,725,227 · Grants $48,085,308 · Revenue $104,276,668
-
See Schedule O
Expenses $10,112,925 · Revenue $63,563,224
-
See Schedule O
Expenses $6,232,136 · Grants $148,014 · Revenue $24,555,072
-
See Schedule O
Expenses $5,941,990
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
DR KEITH BUSSE
BOARD VICE-CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
MR ANDREW R HEIN
BOARD MEMEBER
- Total calculated
- $0
- Hours/week
- 1
-
MR DAVID FINDLAY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
MR DEREK REINERS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
MR JAMES FABIANI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
MR JASON STECHSCHULTE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
MR JEFFREY TURNER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
MR JERRY ALLEN
CHAIR EMERITUS
- Total calculated
- $0
- Hours/week
- 1
-
MR JOE JORDAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
MR JOHN B PELLEGRINO JR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
MR KEITH TURNER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
MR KENNETH R EHINGER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
MR LARRY REINERS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
MR LYNN BROOKS
BOARD SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
MR MARK MUSIC
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
MR MICHAEL EIKENBERRY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
MR MIKE AXEL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
MR RICHARD OEDER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
MR RICK HENVEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
MR RICK L JAMES
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
MR TIMOTHY HAFFNER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
MR TOMAS FURTH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
MR WILLIAM DUBOIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
MRS ELIZABETH ROONEY
BOARD SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
MS THERESA E WAGLER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
DR Catherine Swick
Provost
- Total calculated
- $218,625
- From this org
- $179,218
- From related orgs
- $0
- Other
- $39,407
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $163,692
- Bonus
- $15,000
- Other
- $526
- Deferred
- $16,758
- Nontaxable benefits
- $22,649
- Filer's total
- $218,625
-
DR EARL D BROOKS II
CHANCELLOR
- Total calculated
- $813,569
- From this org
- $754,771
- From related orgs
- $0
- Other
- $58,798
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $361,498
- Bonus
- $355,170
- Other
- $38,103
- Deferred
- $52,106
- Nontaxable benefits
- $6,692
- Filer's total
- $813,569
-
DR JOHN SHANNON
PRESIDENT/CEO
- Total calculated
- $310,225
- From this org
- $263,176
- From related orgs
- $0
- Other
- $47,049
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $262,582
- Bonus
- $0
- Other
- $594
- Deferred
- $25,930
- Nontaxable benefits
- $21,119
- Filer's total
- $310,225
-
MS GRETCHEN MILLER
SVP/COO
- Total calculated
- $237,858
- From this org
- $206,320
- From related orgs
- $0
- Other
- $31,538
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $191,220
- Bonus
- $15,000
- Other
- $100
- Deferred
- $19,745
- Nontaxable benefits
- $11,793
- Filer's total
- $237,858
-
MS KAYLA WARREN
V.P. FINANCE
- Total calculated
- $188,883
- From this org
- $167,016
- From related orgs
- $0
- Other
- $21,867
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $148,926
- Bonus
- $18,000
- Other
- $90
- Deferred
- $15,116
- Nontaxable benefits
- $6,751
- Filer's total
- $188,883
-
DR DARRYL WEBBER
MECHANICAL ENGINEERING PROFESSOR
- Total calculated
- $200,527
- From this org
- $166,622
- From related orgs
- $0
- Other
- $33,905
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $166,280
- Bonus
- $0
- Other
- $342
- Deferred
- $16,677
- Nontaxable benefits
- $17,228
- Filer's total
- $200,527
-
DR Ryan Dombkowski
Professor
- Total calculated
- $193,043
- From this org
- $161,076
- From related orgs
- $0
- Other
- $31,967
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $160,886
- Bonus
- $0
- Other
- $190
- Deferred
- $16,722
- Nontaxable benefits
- $15,245
- Filer's total
- $193,043
-
MR Aleksandr Kutsenok
Assistant Professor
- Total calculated
- $222,184
- From this org
- $180,898
- From related orgs
- $0
- Other
- $41,286
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $180,761
- Bonus
- $0
- Other
- $137
- Deferred
- $19,324
- Nontaxable benefits
- $21,962
- Filer's total
- $222,184
-
MR MATTHEW LAND
ATHLETIC DIRECTOR
- Total calculated
- $201,438
- From this org
- $166,602
- From related orgs
- $0
- Other
- $34,836
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $166,395
- Bonus
- $0
- Other
- $207
- Deferred
- $17,608
- Nontaxable benefits
- $17,228
- Filer's total
- $201,438
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
- 1a · Travel for companions
- 1a · Housing allowance or residence for personal use
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Form 990 of other organizations
- 3 · Written employment contract
- 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
The filer's explanations (Part III)
- Schedule J, Part I, Line 1a Travel for companions
- SPOUSAL TRAVEL IS ALLOWED FOR THE PRESIDENT'S WIFE AND IS INCLUDED IN TAXABLE INCOME.
- Schedule J, Part I, Line 1a Housing allowance or residence for personal use
- A HOUSING ALLOWANCE IS PROVIDED FOR THE PRESIDENT. THIS ALLOWANCE IS ALSO INCLUDED IN TAXABLE INCOME.
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.
-
INDEPENDENT COLLEGES OF INDIANA INC
501(c)(3) · EDUCATION · IN
Directly controlled by NA
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
EDUCATION · IN · income $1,289 · assets $514,798
Directly controlled by TRINE UNIV
-
EDUCATION · IN · income $743,810 · assets $1,413,282
Directly controlled by TRINE UNIV
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
CHARITABLE REMAINDER TRUSTS (5)
Trust · CHAR. REM. TR · IN
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 19 September 2024
- IRS schema version
- 2023v5.1
- Source object
- 202422639349300902
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