Trinity High School Foundation INC FY2021 filing

Tax-deductible

Louisville, KY501(c)(3)Since 1983EIN 31-1105966Revenue $9.8M in FY2021

On file with the IRStrinityrocks.com/trinity-foundation4011 Shelbyville Rd, 40207-3122 · Louisville, KYTax-exempt since Mar 1946Church — 170(b)(1)(A)(i)

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To advance the mission of Trinity High School, INC. ("the School") through the procurement, funding, replenishment and maintenance of educational facilities and the funding of tuition aid for students who attend the School.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
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
6 of 6
filings with a surplus
Average surplus $3.9M a year · 39% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
16
named funders · $1.2M
Looks good: 16 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$2.2M
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$9.8M
+40% vs prior year
Spent
$5.8M
To programs
85%
Net assets
$79.6M
By yearFY2020–FY2025
Revenue
$9.8M
FY2021▲ +40%
Tap a bar for its year
Revenue by fiscal year
FY2020$7.0M
FY2021$9.8M
FY2022$9.9M
FY2023$7.9M
FY2024$12.8M
FY2025$12.3M
Expenses
$5.8M
FY2021▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$5.6M
FY2021$5.8M
FY2022$5.6M
FY2023$5.9M
FY2024$6.7M
FY2025$6.7M
Net assets
$79.6M
FY2021▲ +29%
Tap a bar for its year
Net assets by fiscal year
FY2020$61.6M
FY2021$79.6M
FY2022$72.9M
FY2023$80.4M
FY2024$94.6M
FY2025$105.9M

From the FY2021 Form 990 (year ending June 2021) · 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 Mar 1946.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $5.0M Management & general 4% · $253K Fundraising 10% · $606K

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

16 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Trinity High School Foundation INC 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 15aNo

Programs and updates

Funds and maintains school facilities and provides tuition aid for students.

Provided by the organization

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2 programs · $5.0M · in their own filed words · FY2020
01

Donation to trinity high school (tuition aid and scholarships)

$3.6Mprogram expense
02

Capital improvements and maintenance costs for trinity high school.

$1.4Mprogram expense

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 16 funders →
Grants paid · 6 grants · $21.5M · 2019–2024
Trinity High School INCKY · FY2024$3,975,951
Trinity High School INCKY · FY2023$3,847,927
Trinity High School INCKY · FY2022$3,381,627
Trinity High School INCKY · FY2021$3,269,623
Trinity High School INCKY · FY2020$3,586,878
Trinity High School INCKY · FY2019$3,399,218

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$9.8M
Ln 12
Gifts and grantsLn 1h$5.7M
Fees for servicesLn 2g$2.4M
Investment incomeLn 3$1.5M
Money outPt IX
$5.8M
Ln 25
Programscol B$5.0M
Managementcol C$253K
Fundraisingcol D$606K
Owns and owesPt X
$79.6M
net assets · Ln 32
Cash and savingsLn 1–2$516K
Total assetsLn 16$81.8M
LiabilitiesLn 26$2.2M
PeoplePt VI, VII
16
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5.7M
Noncash giftsLn 1g$219K
Fundraising eventsLn 1c$47K
Fees for servicesLn 2g$2.4M
Investment incomeLn 3$1.5M
Other incomeLn 4–11$134K
Gains on assetsLn 7$1.1M
Total revenueLn 12$9.8M
Assets in detailPt X, end of year
CashLn 1$241K
SavingsLn 2$275K
Cash and savings togetherLn 1–2$516K
InvestmentsLn 11–13$50.7M
Land, buildings, equipmentLn 10c$19.4M
Other assetsLn 15$7.5M
Total assetsLn 16$81.8M
LiabilitiesLn 26$2.2M
Net assetsLn 32$79.6M
OperationsPt I, VI
EmployeesI 50
VolunteersI 6255
Fiscal year endsHeaderJune
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 FY21End FY21
Cash and savingsLn 1–2$1.2M$516K
InvestmentsLn 11–13$36.9M$50.7M
Land, buildings, equipmentLn 10c$20.1M$19.4M
Total assetsLn 16$65.3M$81.8M
LiabilitiesLn 26$3.6M$2.2M
Net assetsLn 32$61.6M$79.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$3.6M$3.6M
Management feesLn 11a$607K$92K$515K
Legal feesLn 11b$82$82
Accounting feesLn 11c$16K$16K
Investment management feesLn 11f$126K$126K
Other fees for servicesLn 11g$16K$16K
Office expensesLn 13$69K$69K
OccupancyLn 16$734$734
TravelLn 17$2K$2K
InterestLn 20$41K$41K
Depreciation, depletion and amortizationLn 22$1.3M$1.3M
Other expenses (24a–d)Ln 24$23K$657$2K$20K
Total functional expensesLn 25$5.8M$5.0M$253K$606K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $12.3M$6.7M$5.6M$105.9M 990 PDF
FY2024 $12.8M$6.7M$6.1M$94.6M 990 PDF
FY2023 $7.9M$5.9M$2.1M$80.4M 990 PDF
FY2022 $9.9M$5.6M$4.4M$72.9M 990 PDF
FY2021 Viewing $9.8M$5.8M$4.0M$79.6M 990 PDF
FY2020 $7.0M$5.6M$1.4M$61.6M 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 FY2021 990 (6 parts)
Part I · Summary $9,792,561 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,428,099$5,713,150
I-9 Program service revenuePrior year $2,305,900$2,404,596
I-10 Investment incomePrior year $1,257,003$1,540,328
I-11 Other revenuePrior year −$14,785$134,487
I-12 Total revenuePrior year $6,976,217$9,792,561
I-13 Grants and similar amounts paidPrior year $3,399,218$3,586,878
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,200,364$2,226,436
I-18 Total expensesPrior year $5,599,582$5,813,314
I-19 Revenue less expensesPrior year $1,376,635$3,979,247
Part VI · Governance 15 of 15 board members independent, 1 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $9,792,561 across 10 lines filed
VIII-1c Fundraising events$47,160
VIII-1f All other contributions, gifts and grants$5,665,990
VIII-1g Noncash contributions (included above)$218,732
VIII-1h Total contributions, gifts and grants$5,713,150
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,404,596$2,404,596
VIII-3 Investment incomeExcluded from tax $483,118$483,118
VIII-6 Net rental income or lossUnrelated business −$42,698 · Excluded from tax −$26,284−$68,982
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,057,210$1,057,210
VIII-8 Net income from fundraising eventsExcluded from tax $203,469$203,469
VIII-12 Total revenueRelated to mission $2,404,596 · Unrelated business −$42,698 · Excluded from tax $1,717,513$9,792,561
Part IX · Statement of functional expenses $5,813,314 across 12 lines filed
IX-1 Grants to domestic organizationsPrograms $3,586,878$3,586,878
IX-11a Management feesManagement $91,940 · Fundraising $514,900$606,840
IX-11b Legal feesManagement $82$82
IX-11c Accounting feesManagement $16,325$16,325
IX-11f Investment management feesManagement $126,454$126,454
IX-11g Other fees for servicesManagement $16,163$16,163
IX-13 Office expensesFundraising $68,798$68,798
IX-16 OccupancyPrograms $734$734
IX-17 TravelFundraising $2,499$2,499
IX-20 InterestPrograms $40,829$40,829
IX-22 Depreciation, depletion and amortizationPrograms $1,324,982$1,324,982
IX-24 Other expenses (24a–d)Programs $657 · Management $1,986 · Fundraising $20,087$22,730
IX-25 Total functional expensesPrograms $4,954,080 · Management $252,950 · Fundraising $606,284$5,813,314
Part X · Balance sheet $81,832,644 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $72,697$241,131
X-2 Savings and temporary cash investmentsStart of year $1,151,152$275,026
X-3 Pledges and grants receivableStart of year $1,050,087$3,716,173
X-10c Land, buildings and equipment, netStart of year $20,119,346$19,378,484
X-11 Publicly traded securitiesStart of year $36,570,945$50,529,558
X-12 Other securitiesStart of year $318,774$192,272
X-15 Other assetsStart of year $6,000,000$7,500,000
X-16 Total assetsStart of year $65,283,001$81,832,644
X-17 Accounts payable and accrued expensesStart of year $14,966$264,098
X-19 Deferred revenueStart of year $17,700$42,000
X-26 Total liabilitiesStart of year $3,635,659$2,196,921
X-27 Net assets without donor restrictionsStart of year $40,828,435$49,068,708
X-28 Net assets with donor restrictionsStart of year $20,818,907$30,567,015
X-32 Total net assets or fund balancesStart of year $61,647,342$79,635,723
X-33 Total liabilities and net assetsStart of year $65,283,001$81,832,644
Part XI · Reconciliation of net assets $79,635,723 net assets at year end
XI-1 Total revenue$9,792,561
XI-2 Total expenses$5,813,314
XI-3 Revenue less expenses$3,979,247
XI-4 Net assets at start of year$61,647,342
XI-5 Net unrealized gains (losses) on investments$12,424,864
XI-9 Other changes in net assets$1,584,270
XI-10 Net assets at end of year$79,635,723

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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