Trinity Western University FY2024 filing

Tax-deductible

Langley, NJ501(c)(3)Since 1962Colleges & UniversitiesEIN 23-7204465Revenue $95.8M in FY2024

On file with the IRStwu.ca22500 University Drive, 07932-0000 · Langley, NJTax-exempt since Jul 1972School — 170(b)(1)(A)(ii)

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501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
$2.5M paid to officers and key staff.
Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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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
Tax-deductible gifts
Yes
Donations are tax-deductible by treaty
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
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
5 of 5
filings with a surplus
Average surplus $1.8M a year · 5% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.5M
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 5.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $317K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$61.2M
27% of total assets
Looks good: liabilities are 27% of assets; 50% or less.
Pt X · Ln 26
Independent board members
18
of 19 voting members
Looks good: 18 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$95.8M
×152 vs prior year
Spent
$93.2M
To programs
95%
Net assets
$169.1M
By yearFY2021–FY2025
Revenue
$95.8M
FY2024▲ ×152
Tap a bar for its year
Revenue by fiscal year
FY2021$1.0M
FY2022$1.4M
FY2023$631K
FY2024$95.8M
FY2025$100.1M
Expenses
$93.2M
FY2024▲ ×213
Tap a bar for its year
Expenses by fiscal year
FY2021$573K
FY2022$459K
FY2023$437K
FY2024$93.2M
FY2025$95.2M
Net assets
$169.1M
FY2024▲ ×30
Tap a bar for its year
Net assets by fiscal year
FY2021$4.5M
FY2022$5.5M
FY2023$5.6M
FY2024$169.1M
FY2025$176.5M

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

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1972.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $88.9M Management & general 4% · $3.7M Fundraising 1% · $570K

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

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Who runs it and what they're paid

31 people listed on the 990; $2.5M 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
Faculty
$323,919Pt VII · Sec A
Faculty
$311,861Pt VII · Sec A
Board Member, President
$254,173Pt VII · Sec A
$241,520Pt VII · Sec A
$226,329Pt VII · Sec A
Faculty
$193,397Pt VII · Sec A
Executive Vice President & CFO
$180,956Pt VII · Sec A
$152,697Pt VII · Sec A

Mark Lee’s $368K as Faculty is at the 22nd percentile of top reported officer pay among 674 $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

NameFY2025FY2024
Mark Lee$367,690$323,919
Chen Liu$295,849$311,861
Mark Husbands$272,154$254,173
Brent Groen$231,780$241,520
Blair Whitmarsh$205,108$226,329
Ronnie Gao$224,950$193,397
Aklilu Mulat$201,040$180,956
Todd Martin$190,258$152,697

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.

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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

Provides Christian liberal arts and professional education, granting degrees to equip students for careers and global needs.

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Provided by the organization

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1 program · $88.9M · in their own filed words · FY2023
01

University Educational Programming

Founded in 1962, Trinity Western University is a global Christian liberal arts university. We are dedicated to equipping students to discover meaningful connections between career, life, and the needs of the world.

$88.9Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
See all 6 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$95.8M
Ln 12
Fees for servicesLn 2g$86.9M
Gifts and grantsLn 1h$5.7M
Investment incomeLn 3$2.4M
Money outPt IX
$93.2M
Ln 25
Programscol B$88.9M
Managementcol C$3.7M
Fundraisingcol D$570K
Owns and owesPt X
$169.1M
net assets · Ln 32
Cash and savingsLn 1–2$44.6M
Total assetsLn 16$230.3M
LiabilitiesLn 26$61.2M
PeoplePt VI, VII
31
listed · VII A
PaidVII A13
Voting boardVI 1a19
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5.7M
Government grantsLn 1e$1.2M
Noncash giftsLn 1g$15K
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$86.9M
Investment incomeLn 3$2.4M
Other incomeLn 4–11$778K
Gains on assetsLn 7$3K
Total revenueLn 12$95.8M
Assets in detailPt X, end of year
CashLn 1$44.6M
SavingsLn 2$0
Cash and savings togetherLn 1–2$44.6M
InvestmentsLn 11–13$30.2M
Land, buildings, equipmentLn 10c$149.6M
Other assetsLn 15$641K
Total assetsLn 16$230.3M
LiabilitiesLn 26$61.2M
Net assetsLn 32$169.1M
OperationsPt I, VI
EmployeesI 526
VolunteersI 60
Fiscal year endsHeaderApril
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$34.3M$44.6M
InvestmentsLn 11–13$27.1M$30.2M
Land, buildings, equipmentLn 10c$151.3M$149.6M
Total assetsLn 16$218.2M$230.3M
LiabilitiesLn 26$53.6M$61.2M
Net assetsLn 32$164.6M$169.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$9.7M$9.7M
Pay of current officers, directors and key staffLn 5$1.3M$454K$895K
Other salaries and wagesLn 7$40.9M$39.4M$1.2M$345K
Pension plan contributionsLn 8$1.6M$1.6M$18K$14K
Other employee benefitsLn 9$2.4M$2.0M$338K$44K
Payroll taxesLn 10$1.5M$1.4M$73K$12K
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$221K$221K$0$0
Accounting feesLn 11c$124K$0$124K$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$126K$126K$0$0
Other fees for servicesLn 11g$11.5M$10.9M$583K$21K
Advertising and promotionLn 12$1.2M$1.1M$74K$2K
Office expensesLn 13$633K$600K$14K$19K
Information technologyLn 14$1.3M$1.3M$40K$11K
RoyaltiesLn 15$248$248$0$0
OccupancyLn 16$1.8M$1.8M$0$0
TravelLn 17$2.5M$2.4M$112K$19K
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$487K$407K$76K$3K
InterestLn 20$441K$441K$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$6.9M$6.9M$0$0
InsuranceLn 23$469K$447K$0$22K
Other expenses (24a–d)Ln 24$8.1M$7.8M$157K$58K
Total functional expensesLn 25$93.2M$88.9M$3.7M$570K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $100.1M$95.2M$4.9M$176.5M 990 PDF
FY2024 Viewing $95.8M$93.2M$2.5M$169.1M 990 PDF
FY2023 $631K$437K$194K$5.6M 990 PDF
FY2022 $1.4M$459K$919K$5.5M 990 PDF
FY2021 $1.0M$573K$448K$4.5M 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 (6 parts)
Part I · Summary $95,770,117 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $6,908,649$5,711,879
I-9 Program service revenuePrior year $73,958,317$86,870,558
I-10 Investment incomePrior year $2,103,231$2,409,633
I-11 Other revenuePrior year $315,066$778,047
I-12 Total revenuePrior year $83,285,263$95,770,117
I-13 Grants and similar amounts paidPrior year $10,095,647$9,675,363
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $42,976,960$47,761,861
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $27,698,365$35,799,617
I-18 Total expensesPrior year $80,770,972$93,236,841
I-19 Revenue less expensesPrior year $2,514,291$2,533,276
Part VI · Governance 18 of 19 board members independent, no flags
VI-1a Voting members of the governing body19
VI-1b Independent voting members18
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $95,770,117 across 15 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$38,348
VIII-1e Government grants$1,155,274
VIII-1f All other contributions, gifts and grants$4,518,257
VIII-1g Noncash contributions (included above)$15,352
VIII-1h Total contributions, gifts and grants$5,711,879
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $86,870,558 · Unrelated business $0 · Excluded from tax $0$86,870,558
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $2,407,040$2,407,040
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $778,047$778,047
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $2,593$2,593
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $86,870,558 · Unrelated business $0 · Excluded from tax $3,187,680$95,770,117
Part IX · Statement of functional expenses $93,236,841 across 26 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $9,675,363$9,675,363
IX-5 Pay of current officers, directors and key staffPrograms $453,520 · Management $895,495$1,349,015
IX-7 Other salaries and wagesPrograms $39,362,969 · Management $1,220,263 · Fundraising $344,503$40,927,735
IX-8 Pension plan contributionsPrograms $1,590,561 · Management $17,590 · Fundraising $14,066$1,622,217
IX-9 Other employee benefitsPrograms $1,987,163 · Management $337,948 · Fundraising $44,038$2,369,149
IX-10 Payroll taxesPrograms $1,408,953 · Management $72,591 · Fundraising $12,201$1,493,745
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $221,207 · Management $0 · Fundraising $0$221,207
IX-11c Accounting feesPrograms $0 · Management $123,871 · Fundraising $0$123,871
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $126,229 · Management $0 · Fundraising $0$126,229
IX-11g Other fees for servicesPrograms $10,903,475 · Management $583,022 · Fundraising $21,028$11,507,525
IX-12 Advertising and promotionPrograms $1,090,901 · Management $74,450 · Fundraising $1,545$1,166,896
IX-13 Office expensesPrograms $600,206 · Management $13,829 · Fundraising $19,029$633,064
IX-14 Information technologyPrograms $1,295,182 · Management $40,151 · Fundraising $11,335$1,346,668
IX-15 RoyaltiesPrograms $248 · Management $0 · Fundraising $0$248
IX-16 OccupancyPrograms $1,808,023 · Management $0 · Fundraising $0$1,808,023
IX-17 TravelPrograms $2,397,932 · Management $111,978 · Fundraising $19,055$2,528,965
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $407,375 · Management $75,879 · Fundraising $3,331$486,585
IX-20 InterestPrograms $441,224 · Management $0 · Fundraising $0$441,224
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $6,880,890 · Management $0 · Fundraising $0$6,880,890
IX-23 InsurancePrograms $447,399 · Management $0 · Fundraising $22,022$469,421
IX-24 Other expenses (24a–d)Programs $7,843,762 · Management $157,433 · Fundraising $57,606$8,058,801
IX-25 Total functional expensesPrograms $88,942,582 · Management $3,724,500 · Fundraising $569,759$93,236,841
Part X · Balance sheet $230,270,478 assets, 21 lines filed
X-1 Cash, non-interest-bearingStart of year $34,265,153$44,550,167
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $2,749,708$3,368,203
X-8 Inventories for sale or useStart of year $165,366$179,712
X-9 Prepaid expenses and deferred chargesStart of year $1,740,211$1,800,383
X-10c Land, buildings and equipment, netStart of year $151,318,222$149,570,568
X-11 Publicly traded securitiesStart of year $27,128,281$30,160,141
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $803,217$641,304
X-16 Total assetsStart of year $218,170,158$230,270,478
X-17 Accounts payable and accrued expensesStart of year $4,216,781$5,205,416
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $38,276,504$46,507,832
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $1,262,339$943,464
X-26 Total liabilitiesStart of year $53,600,962$61,163,110
X-32 Total net assets or fund balancesStart of year $164,569,196$169,107,368
X-33 Total liabilities and net assetsStart of year $218,170,158$230,270,478
Part XI · Reconciliation of net assets $169,107,368 net assets at year end
XI-1 Total revenue$95,770,117
XI-2 Total expenses$93,236,841
XI-3 Revenue less expenses$2,533,276
XI-4 Net assets at start of year$164,569,196
XI-5 Net unrealized gains (losses) on investments$2,330,061
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets−$325,165
XI-10 Net assets at end of year$169,107,368

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

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