Trocaire College FY2024 filing

Buffalo, NY501(c)(3)Since 1958Colleges & UniversitiesEIN 16-0909446

Trocaire is the college where lives are transformed. Our students will be graduates of choice in career-oriented professions.

69¢ of each $1 spent went to programs.
$1.2M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $2.2M a year · 9% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
69%
of spending
Fine: 69% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.2M
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.3 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $189K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$3.0M
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
19
of 20 voting members
Looks good: 19 of 20 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$21.1M
-0.5% vs prior year
Spent
$21.1M
To programs
69%
Net assets
$49.1M
By yearFY2020–FY2025
Revenue
$21.1M
FY2024▼ -0.5%
Revenue by fiscal year
FY2020$24.3M
FY2021$29.1M
FY2022$27.7M
FY2023$21.2M
FY2024$21.1M
FY2025$20.1M
Expenses
$21.1M
FY2024+0.4%
Expenses by fiscal year
FY2020$20.6M
FY2021$22.2M
FY2022$23.1M
FY2023$21.1M
FY2024$21.1M
FY2025$22.4M
Net assets
$49.1M
FY2024▲ +7%
Net assets by fiscal year
FY2020$37.2M
FY2021$45.2M
FY2022$46.4M
FY2023$45.9M
FY2024$49.1M
FY2025$49.3M

From the FY2024 Form 990 (year ending May 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in 0000.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

69 cents of each dollar spent went to programs.

Program services 69% · $14.6M Management & general 27% · $5.7M Fundraising 4% · $791K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

26 people listed on the 990; $1.2M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$316,708Pt VII · Sec A
Senior Vice President
$154,024Pt VII · Sec A
VP of Finance and Administ
$149,675Pt VII · Sec A
VP of Enrollment and Stude
$139,801Pt VII · Sec A
VP of Missions and Advancement
$133,444Pt VII · Sec A
Chief Information Officer
$131,045Pt VII · Sec A
Dean of Allied Health and
$130,735Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Bassam M Deeb PHD’s $325K as President is at the 70th percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Bassam M Deeb PHD$325,227$316,708$274,714$281,698$284,696$251,371
Patricia Losito$168,456—————
Richard Linn$152,092$154,024$141,294$133,002$137,761$128,547
Gary M Smith——$149,222$149,136$153,004—
Michael Cucinotta$151,060$149,675$132,152$132,959$27,142—
Ann-Marie John———$132,455$144,471—
Allyson Lowe———$127,619$141,371$132,036
Kathleen Saunders$137,095$139,801$128,419———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Trocaire College executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Transforms lives by preparing students for career-oriented professions.

Provided by the organization

This section is blank until Trocaire College claims this page.

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2 program services account for $14.6M of program spending, described in the organization's own filed words · FY2023.
01

Instruction

A 4-YEAR, primarily associate's degree-granting private not-for-profit college, offering pre-baccalaureate certificates, associate's degrees and bachelor's degrees, reaching approximately 1,000 full-and part-time credit students, with three academic semesters (fall, spring, summer) and offering courses during the day, in the evening, on…

$10.8Mprogram expense
02

Academic support includes services to students in the following areas: library, learning center, student government, admissions, financial assistance, student records, advisement, billing, career counseling, and health records

$3.9Mprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 6 funders →
Grants paid · 9 grants · $12.4M · 2019–2024
Unitemized GrantFY2024$1,566,448
Unitemized GrantFY2023$1,588,965
Unitemized GrantFY2022$1,199,741
Unitemized GrantFY2021$2,114,500
Unitemized GrantFY2021$1,327,365
Unitemized GrantFY2020$1,818,333
Unitemized GrantFY2020$698,330
Unitemized GrantFY2019$1,575,979
Unitemized GrantFY2019$503,100

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$21.1M
Ln 12
Fees for servicesLn 2g$17.7M
Gifts and grantsLn 1h$1.9M
Investment incomeLn 3$1.5M
Money outPt IX
$21.1M
Ln 25
Programscol B$14.6M
Managementcol C$5.7M
Fundraisingcol D$791K
Owns and owesPt X
$49.1M
net assets · Ln 32
Cash and savingsLn 1–2$448K
Total assetsLn 16$52.1M
LiabilitiesLn 26$3.0M
PeoplePt VI, VII
26
listed · VII A
PaidVII A7
Voting boardVI 1a20
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.9M
Government grantsLn 1e$1.5M
Fundraising eventsLn 1c$98K
Fees for servicesLn 2g$17.7M
Investment incomeLn 3$1.5M
Other incomeLn 4–11$11K
Gains on assetsLn 7$410K
Total revenueLn 12$21.1M
Assets in detailPt X, end of year
SavingsLn 2$448K
Cash and savings togetherLn 1–2$448K
InvestmentsLn 11–13$40.1M
Land, buildings, equipmentLn 10c$9.6M
Other assetsLn 15$411K
Total assetsLn 16$52.1M
LiabilitiesLn 26$3.0M
Net assetsLn 32$49.1M
OperationsPt I, VI
EmployeesI 5343
VolunteersI 675
Fiscal year endsHeaderMay
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$840K$448K
InvestmentsLn 11–13$37.2M$40.1M
Land, buildings, equipmentLn 10c$8.6M$9.6M
Total assetsLn 16$48.4M$52.1M
LiabilitiesLn 26$2.5M$3.0M
Net assetsLn 32$45.9M$49.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$2.4M$2.4M
Pay of current officers, directors and key staffLn 5$544K$544K
Other salaries and wagesLn 7$9.3M$7.6M$1.5M$116K
Pension plan contributionsLn 8$659K$548K$103K$8K
Other employee benefitsLn 9$1.6M$591K$982K$20K
Payroll taxesLn 10$733K$577K$147K$9K
Investment management feesLn 11f$125K$125K
Other fees for servicesLn 11g$71K$71K
Office expensesLn 13$2.4M$995K$1.3M$27K
Conferences, conventions and meetingsLn 19$261K$84K$168K$9K
Depreciation, depletion and amortizationLn 22$484K$268K$215K
Other expenses (24a–d)Ln 24$2.7M$1.5M$543K$602K
Total functional expensesLn 25$21.1M$14.6M$5.7M$791K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $20.1M$22.4M−$2.3M$49.3M 990 PDF
FY2024 Viewing $21.1M$21.1M−$23K$49.1M 990 PDF
FY2023 $21.2M$21.1M$164K$45.9M 990 PDF
FY2022 $27.7M$23.1M$4.6M$46.4M 990 PDF
FY2021 $29.1M$22.2M$6.9M$45.2M 990 PDF
FY2020 $24.3M$20.6M$3.7M$37.2M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $21,123,936 across 10 lines filed
Lines not itemized here account for −$3,376 of total revenue; see the IRS return.
VIII-1c Fundraising events$98,336
VIII-1e Government grants$1,531,205
VIII-1f All other contributions, gifts and grants$231,843
VIII-1h Total contributions, gifts and grants$1,861,384
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $17,714,057$17,714,057
VIII-3 Investment incomeExcluded from tax $1,127,309$1,127,309
VIII-7 Net gain or loss on sales of assetsExcluded from tax $410,291$410,291
VIII-8 Net income from fundraising eventsExcluded from tax −$21,179−$21,179
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $35,450$35,450
VIII-12 Total revenueRelated to mission $17,714,057 · Unrelated business $0 · Excluded from tax $1,548,495$21,123,936
Part IX · Statement of functional expenses $21,147,166 across 12 lines filed
IX-2 Grants to domestic individualsPrograms $2,383,447$2,383,447
IX-5 Pay of current officers, directors and key staffManagement $544,479$544,479
IX-7 Other salaries and wagesPrograms $7,648,191 · Management $1,490,008 · Fundraising $116,223$9,254,422
IX-8 Pension plan contributionsPrograms $547,608 · Management $102,629 · Fundraising $8,322$658,559
IX-9 Other employee benefitsPrograms $590,671 · Management $981,874 · Fundraising $19,672$1,592,217
IX-10 Payroll taxesPrograms $577,032 · Management $146,843 · Fundraising $8,769$732,644
IX-11f Investment management feesManagement $124,618$124,618
IX-11g Other fees for servicesManagement $71,108$71,108
IX-13 Office expensesPrograms $994,616 · Management $1,328,220 · Fundraising $27,366$2,350,202
IX-19 Conferences, conventions and meetingsPrograms $83,949 · Management $168,270 · Fundraising $9,204$261,423
IX-22 Depreciation, depletion and amortizationPrograms $268,450 · Management $215,450$483,900
IX-24 Other expenses (24a–d)Programs $1,545,554 · Management $542,761 · Fundraising $601,832$2,690,147
IX-25 Total functional expensesPrograms $14,639,518 · Management $5,716,260 · Fundraising $791,388$21,147,166
Part X · Balance sheet $52,088,350 assets, 17 lines filed
X-2 Savings and temporary cash investmentsStart of year $839,641$447,751
X-3 Pledges and grants receivableStart of year $862,324$392,147
X-4 Accounts receivableStart of year $669,525$727,815
X-9 Prepaid expenses and deferred chargesStart of year $229,078$329,186
X-10c Land, buildings and equipment, netStart of year $8,590,152$9,632,082
X-11 Publicly traded securitiesStart of year $30,045,722$35,584,947
X-12 Other securitiesStart of year $7,173,872$4,563,083
X-15 Other assetsStart of year $0$411,339
X-16 Total assetsStart of year $48,410,314$52,088,350
X-17 Accounts payable and accrued expensesStart of year $1,912,381$1,877,259
X-19 Deferred revenueStart of year $550,942$458,938
X-25 Other liabilitiesStart of year $0$638,746
X-26 Total liabilitiesStart of year $2,463,323$2,974,943
X-27 Net assets without donor restrictionsStart of year $42,326,083$45,139,040
X-28 Net assets with donor restrictionsStart of year $3,620,908$3,974,367
X-32 Total net assets or fund balancesStart of year $45,946,991$49,113,407
X-33 Total liabilities and net assetsStart of year $48,410,314$52,088,350
Part XI · Reconciliation of net assets $49,113,407 net assets at year end
XI-1 Total revenue$21,123,936
XI-2 Total expenses$21,147,166
XI-3 Revenue less expenses−$23,230
XI-4 Net assets at start of year$45,946,991
XI-5 Net unrealized gains (losses) on investments$3,189,646
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$49,113,407

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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