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Nonprofiteer
← TRINITY COLLEGE OF FLORIDA INC

Form 990 for tax year 2022

Filed by TRINITY COLLEGE OF FLORIDA INC.

Totals

Total revenue
$3,461,460
Total expenses
$4,356,227
Contributions and grants received
$701,047
Grants paid
$425,895
Program service revenue
$2,679,651
Investment income
$19,217
Other revenue
$61,545
Total assets, end of year
$8,027,524
Total liabilities, end of year
$3,657,037
Net assets or fund balances, end of year
$4,370,487
Program services expenses (Part IX)
$3,200,183
Management and general expenses
$1,074,238
Fundraising expenses
$81,806
Program service expenses (Part III)
$3,200,183

Program services were 73.5% 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.

  • 1f · All other contributions, gifts and grants

    $701,047

  • 2a · Program service revenue: TUITION & FEES

    total $2,232,837 · related or exempt $2,232,837

  • 2b · Program service revenue: AUXILIARY INCOME

    total $446,814 · related or exempt $446,814

  • 3 · Investment income

    total $19,217 · excluded $19,217

  • 6a · Gross rents

    real property $61,545

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $61,545

  • 6d · Net rental income or loss

    total $61,545 · excluded $61,545

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $425,895 · program services $425,895

  • 5 · Compensation of officers, directors and key employees

    total $402,833 · program services $72,157 · management and general $276,618 · fundraising $54,058

  • 7 · Other salaries and wages

    total $1,184,255 · program services $1,067,833 · management and general $107,461 · fundraising $8,961

  • 8 · Pension plan contributions

    total $16,496 · program services $13,573 · management and general $2,838 · fundraising $85

  • 9 · Other employee benefits

    total $135,392 · program services $135,392

  • 10 · Payroll taxes

    total $112,573 · program services $83,408 · management and general $24,403 · fundraising $4,762

  • 11c · Fees: accounting

    total $54,730 · management and general $54,730

  • 11g · Fees: other

    total $79,808 · program services $62,123 · management and general $17,685

  • 12 · Advertising and promotion

    total $62,737 · program services $9,881 · management and general $52,290 · fundraising $566

  • 13 · Office expenses

    total $343,902 · program services $141,396 · management and general $199,163 · fundraising $3,343

  • 14 · Information technology

    total $251,099 · program services $81,352 · management and general $169,747

  • 16 · Occupancy

    total $349,954 · program services $309,876 · management and general $40,078

  • 17 · Travel

    total $73,311 · program services $70,307 · management and general -$920 · fundraising $3,924

  • 19 · Conferences, conventions and meetings

    total $6,707 · program services $5,370 · management and general $940 · fundraising $397

  • 20 · Interest

    total $204,121 · program services $175,418 · management and general $28,703

  • 22 · Depreciation, depletion and amortization

    total $430,026 · program services $305,319 · management and general $124,707

  • 24a · Other expenses: FOOD SERVICE

    total $231,132 · program services $230,927 · management and general $205

  • 24b · Other expenses: HOUSING

    total $9,956 · program services $9,956

  • 24c · Other expenses: ANNUAL BANQUET

    total $5,710 · fundraising $5,710

  • 24d · Other expenses: BAD DEBT, NET RECOVERY

    total -$24,410 · management and general -$24,410

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $369,744 · end of year $160,952

  • 2 · Savings and temporary cash investments

    beginning of year $706,756 · end of year $538,112

  • 4 · Accounts receivable

    beginning of year $62,330 · end of year $53,832

  • 9 · Prepaid expenses and deferred charges

    beginning of year $38,103 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $13,064,576

  • 10b · Land, buildings and equipment: accumulated depreciation

    $5,831,940

  • 10c · Land, buildings and equipment, net

    beginning of year $7,621,730 · end of year $7,232,636

  • 15 · Other assets

    beginning of year $1,150 · end of year $41,992

  • 17 · Accounts payable and accrued expenses

    beginning of year $347,711 · end of year $314,629

  • 19 · Deferred revenue

    beginning of year $5,000 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $95,000 · end of year $279,444

  • 23 · Secured mortgages and notes payable

    beginning of year $3,085,310 · end of year $3,016,037

  • 25 · Other liabilities

    beginning of year $1,004 · end of year $46,927

  • 27 · Net assets without donor restrictions

    beginning of year $4,200,279 · end of year $3,349,065

  • 28 · Net assets with donor restrictions

    beginning of year $1,065,509 · end of year $1,021,422

Mission and programs · 2022

Mission

TRINITY COLLEGE OF FLORIDA PROVIDES A BIBLICALLY-CENTERED EDUCATION, EQUIPPING SERVANT LEADERS FOR LIFE AND CAREER OPPORTUNITIES.

Activities or mission (Part I)

A PRIVATE, FOUR-YEAR COLLEGE THAT PROVIDES HIGHER EDUCATION IN THREE ACADEMIC DISCIPLINES.

  • TRINITY COLLEGE OF FLORIDA, FOUNDED IN 1932, IS A PRIVATE FOUR-YEAR COLLEGE THAT PROVIDES ACADEMIC DEGREE PROGRAMS IN TWELVE MAJORS. IT IS A PLACE WHERE STUDENTS AND FACULTY FORM A STRONG COMMUNITY EXTENDING BEYOND THE CLASSROOM. IT IS A PLACE WHERE LIFELONG FRIENDSHIPS ARE FORGED AND A FOUNDATION ON GOD'S WORD IS LAID. THE COLLEGE'S PREPARATION INVOLVES VALUABLE CLASSROOM TRAINING, COMMUNITY SERVICE AND INTERNSHIPS.(CONTINUED ON SCHEDULE O)THE COLLEGE IS ACCREDITED BY THE COMMISSION ON ACCREDITATION OF THE ASSOCIATION FOR BIBLICAL HIGHER EDUCATION (ABHE). ABHE IS RECOGNIZED AS AN INSTITUTIONAL ACCREDITOR BY THE COUNCIL ON HIGHER EDUCATION ACCREDITATION (CHEA) AND THE U.S. DEPARTMENT OF EDUCATION.IN 2013, A DONOR GAVE A FOUNDATIONAL GIFT TO BEGIN THE LIFE CHANGE SCHOLARSHIP PROGRAM. MANY OTHER FRIENDS OF THE COLLEGE HAVE GIVEN TO THIS SCHOLARSHIP WHICH ENABLES TRINITY TO ASSIST STUDENTS WITH EDUCATIONAL AFFORDABILITY. SINCE INCEPTION OF THE SCHOLARSHIP PROGRAM, THE COLLEGE HAS AWARDED 276 STUDENTS MORE THAN $900,000.

    Expenses $1,289,730 · Grants $425,895 · Revenue $2,232,837

  • THE COLLEGE'S STUDENT LIFE OFFICE WORKS DIRECTLY WITH STUDENTS TO ENSURE A PERSONAL CAMPUS LIFE EXPERIENCE. THE STUDENT GOVERNMENT ASSOCIATION SPONSORS ACTIVITIES TO ENJOY OUTSIDE OF THE CLASSROOM. THE ATHLETIC PROGRAM HAS EXPANDED TO INCLUDE: WOMEN'S VOLLEYBALL, MEN'S SOCCER, AND MEN AND WOMEN'S BASKETBALL.

    Expenses $1,086,112

  • THE COLLEGE'S AUXILIARY ENTERPRISES INCLUDE DINING SERVICES AND RESIDENCE LIFE. THE COLLEGE OFFERS A MEAL PLAN FOR RESIDENT STUDENTS WITH AVAILABILITY FOR COMMUTER STUDENTS TO PARTICIPATE. MAXIMUM RESIDENCE HALL CAPACITY IS CURRENTLY 90.

    Expenses $824,341 · Revenue $446,814

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Rev Edward Brandt III

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.1

  • Tom Chapman

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.1

  • Christopher Bahr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • Andrew Baxter

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • Saralyn Duarte

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • Robert Frederick

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • Dr James Glenn

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • Dr Jeff L Singletary

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • Dr James Stock

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • Dr Thomas Wade

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • Dr Mark T O'Farrell

    PRESIDENT (THRU 9/30/23)

    Total calculated
    $96,107
    From this org
    $85,179
    From related orgs
    $0
    Other
    $10,928
    Hours/week
    40

  • Dr Eric Bargerhuff

    VP ACADEMIC AFFAIRS

    Total calculated
    $94,458
    From this org
    $83,783
    From related orgs
    $0
    Other
    $10,675
    Hours/week
    40

  • Anthony Abell

    VP ENROLLMENT

    Total calculated
    $89,039
    From this org
    $78,539
    From related orgs
    $0
    Other
    $10,500
    Hours/week
    40

  • Albert Depoutot

    VP STUDENT DEVELOPMENT

    Total calculated
    $58,468
    From this org
    $48,733
    From related orgs
    $0
    Other
    $9,735
    Hours/week
    40

  • Christian Frost

    SENIOR ACCOUNTANT

    Total calculated
    $49,900
    From this org
    $41,600
    From related orgs
    $0
    Other
    $8,300
    Hours/week
    40

  • Charles Martin

    VP ADVANCEMENT

    Total calculated
    $25,200
    From this org
    $25,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Stephen P Best

    INTERIM PRESIDENT (START 6/05/23)

    Total calculated
    $0
    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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202401369349302825

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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