Trinity Episcopal School is called to inspire young lives by creating outstanding scholars who are grounded in a firm spiritual foundation and an enduring commitment to the richness of diversity.

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
Run by 300 volunteers and 121 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
4 of 6
filings with a surplus
Average surplus $577K a year · 5% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
75%
of spending
Fine: 75% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$949K
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
3 mo
of spending, in cash
Plus $27.5M in investments, Pt X · Ln 11–13
Looks good: 3.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $561K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$3.7M
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
20
of 20 voting members
Looks good: 20 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
$16.2M
+24% vs prior year
Spent
$13.7M
To programs
75%
Net assets
$43.6M
By yearFY2020–FY2025
Revenue
$16.2M
FY2025▲ +24%
Tap a bar for its year
Revenue by fiscal year
FY2020$10.0M
FY2021$10.6M
FY2022$12.7M
FY2023$13.3M
FY2024$13.0M
FY2025$16.2M
Expenses
$13.7M
FY2025▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2020$10.3M
FY2021$10.5M
FY2022$11.9M
FY2023$12.8M
FY2024$13.2M
FY2025$13.7M
Net assets
$43.6M
FY2025▲ +10%
Tap a bar for its year
Net assets by fiscal year
FY2020$34.2M
FY2021$38.6M
FY2022$35.9M
FY2023$38.1M
FY2024$39.6M
FY2025$43.6M

From the FY2025 Form 990 (year ending June 2025) · 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 Sep 1998.

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

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $10.2M Management & general 21% · $2.8M Fundraising 5% · $636K

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

27 people listed on the 990; $949K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Head of School
$275,198Pt VII · Sec A
$158,963Pt VII · Sec A
Head of Lower School
$105,484Pt VII · Sec A
Head of Middle School
$104,975Pt VII · Sec A
Director of Diversity, Equity, and Belonging
$102,862Pt VII · Sec A
Director of Admission and Financial Support
$101,265Pt VII · Sec A
Assistant Head of School for Academics
$100,164Pt VII · Sec A
$0Pt VII · Sec A

Imana Sherrill’s $275K as Head of School is at the 59th 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
Thomas J Franz—$155,700$344,898$285,264$297,102—
Thomas Franz—————$284,927
Imana Sherrill$275,198$268,604$142,379———
Adam Coleman$158,963$151,134$95,999———
Glenn Dahlen———$118,465—$104,072
Glenn E Dahlen————$109,954—
Christine Weiss——$107,511$103,850——
Sarah Thomas$105,484—————

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 Trinity Episcopal School 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

Inspires young scholars with spiritual grounding and a commitment to diversity.

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2 programs · $10.2M · in their own filed words · FY2024
01

In charlotte's center city, the trinity episcopal school k-8 programs create scholars, nurture spirituality, embrace diversity, and instill integrity. The school enrolled 438 students for the 2024-25 school year and graduated 54 students in june 2025.

$9.3Mprogram expense
02

The trinity episcopal school extended day programs provide educational enrichment, after-school care, and summer camp programs. Educational enrichments and after-school care were provided to approximately 190 students during the 2024-2025 school year.

$922Kprogram 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 5 funders →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$16.2M
Ln 12
Fees for servicesLn 2g$12.1M
Gifts and grantsLn 1h$2.4M
Investment incomeLn 3$1.7M
Money outPt IX
$13.7M
Ln 25
Programscol B$10.2M
Managementcol C$2.8M
Fundraisingcol D$636K
Owns and owesPt X
$43.6M
net assets · Ln 32
Cash and savingsLn 1–2$3.6M
Total assetsLn 16$47.3M
LiabilitiesLn 26$3.7M
PeoplePt VI, VII
27
listed · VII A
PaidVII A7
Voting boardVI 1a20
IndependentVI 1b20
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.4M
Noncash giftsLn 1g$29K
Fundraising eventsLn 1c$10K
Fees for servicesLn 2g$12.1M
Investment incomeLn 3$1.7M
Other incomeLn 4–11$94K
Gains on assetsLn 7$988K
Total revenueLn 12$16.2M
Assets in detailPt X, end of year
CashLn 1$2.6M
SavingsLn 2$925K
Cash and savings togetherLn 1–2$3.6M
InvestmentsLn 11–13$27.5M
Land, buildings, equipmentLn 10c$14.4M
Total assetsLn 16$47.3M
LiabilitiesLn 26$3.7M
Net assetsLn 32$43.6M
OperationsPt I, VI
EmployeesI 5121
VolunteersI 6300
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 FY25End FY25
Cash and savingsLn 1–2$3.6M$3.6M
InvestmentsLn 11–13$23.1M$27.5M
Land, buildings, equipmentLn 10c$14.9M$14.4M
Total assetsLn 16$42.6M$47.3M
LiabilitiesLn 26$3.0M$3.7M
Net assetsLn 32$39.6M$43.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$2.1M$2.1M
Pay of current officers, directors and key staffLn 5$552K$173K$344K$35K
Other salaries and wagesLn 7$5.5M$4.0M$1.2M$287K
Pension plan contributionsLn 8$351K$251K$85K$16K
Other employee benefitsLn 9$931K$689K$202K$40K
Payroll taxesLn 10$429K$295K$112K$23K
Legal feesLn 11b$32K$32K
Accounting feesLn 11c$40K$40K
Professional fundraising feesLn 11e$106K$106K
Investment management feesLn 11f$131K$131K
Other fees for servicesLn 11g$68K$52K$16K
Advertising and promotionLn 12$35K$3K$32K
Office expensesLn 13$156K$95K$53K$8K
Information technologyLn 14$106K$77K$24K$5K
OccupancyLn 16$638K$577K$51K$10K
TravelLn 17$774$774
InterestLn 20$72K$66K$3K$3K
Depreciation, depletion and amortizationLn 22$807K$586K$182K$39K
InsuranceLn 23$65K$65K
Other expenses (24a–d)Ln 24$1.3M$1.3M$63K$33K
All other expensesLn 24e$220K$56K$147K$17K
Total functional expensesLn 25$13.7M$10.2M$2.8M$636K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $16.2M$13.7M$2.5M$43.6M 990 PDF
FY2024 $13.0M$13.2M−$222K$39.6M 990 PDF
FY2023 $13.3M$12.8M$507K$38.1M 990 PDF
FY2022 $12.7M$11.9M$842K$35.9M 990 PDF
FY2021 $10.6M$10.5M$96K$38.6M 990 PDF
FY2020 $10.0M$10.3M−$260K$34.2M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $16,157,612 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $386,478$2,355,036
I-9 Program service revenuePrior year $11,364,719$12,054,939
I-10 Investment incomePrior year $1,159,137$1,653,560
I-11 Other revenuePrior year $95,983$94,077
I-12 Total revenuePrior year $13,006,317$16,157,612
I-13 Grants and similar amounts paidPrior year $2,061,982$2,080,453
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $7,394,889$7,751,780
I-16a Professional fundraising feesPrior year $109,697$105,518
I-17 Other expensesPrior year $3,661,932$3,718,734
I-18 Total expensesPrior year $13,228,500$13,656,485
I-19 Revenue less expensesPrior year −$222,183$2,501,127
Part VI · Governance 20 of 20 board members independent, no flags
VI-1a Voting members of the governing body20
VI-1b Independent voting members20
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 $16,157,612 across 11 lines filed
VIII-1c Fundraising events$9,755
VIII-1f All other contributions, gifts and grants$2,345,281
VIII-1g Noncash contributions (included above)$28,724
VIII-1h Total contributions, gifts and grants$2,355,036
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $12,054,939$12,054,939
VIII-3 Investment incomeExcluded from tax $665,479$665,479
VIII-6 Net rental income or lossExcluded from tax $23,251$23,251
VIII-7 Net gain or loss on sales of assetsExcluded from tax $988,081$988,081
VIII-8 Net income from fundraising eventsExcluded from tax −$3,892−$3,892
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $74,718$74,718
VIII-12 Total revenueRelated to mission $12,054,939 · Unrelated business $0 · Excluded from tax $1,747,637$16,157,612
Part IX · Statement of functional expenses $13,656,485 across 21 lines filed
IX-2 Grants to domestic individualsPrograms $2,080,453$2,080,453
IX-5 Pay of current officers, directors and key staffPrograms $173,158 · Management $343,714 · Fundraising $34,632$551,504
IX-7 Other salaries and wagesPrograms $4,002,906 · Management $1,199,225 · Fundraising $286,651$5,488,782
IX-8 Pension plan contributionsPrograms $250,954 · Management $84,964 · Fundraising $15,506$351,424
IX-9 Other employee benefitsPrograms $688,725 · Management $201,804 · Fundraising $40,488$931,017
IX-10 Payroll taxesPrograms $294,603 · Management $111,586 · Fundraising $22,864$429,053
IX-11b Legal feesManagement $32,440$32,440
IX-11c Accounting feesManagement $40,103$40,103
IX-11e Professional fundraising feesFundraising $105,518$105,518
IX-11f Investment management feesManagement $130,895$130,895
IX-11g Other fees for servicesManagement $51,541 · Fundraising $16,048$67,589
IX-12 Advertising and promotionPrograms $3,478 · Management $31,675$35,153
IX-13 Office expensesPrograms $94,744 · Management $53,176 · Fundraising $7,624$155,544
IX-14 Information technologyPrograms $77,081 · Management $23,995 · Fundraising $5,159$106,235
IX-16 OccupancyPrograms $577,009 · Management $50,686 · Fundraising $9,916$637,611
IX-17 TravelManagement $774$774
IX-20 InterestPrograms $65,543 · Management $3,014 · Fundraising $3,206$71,763
IX-22 Depreciation, depletion and amortizationPrograms $585,891 · Management $182,383 · Fundraising $39,213$807,487
IX-23 InsuranceManagement $64,634$64,634
IX-24 Other expenses (24a–d)Programs $1,252,381 · Management $63,203 · Fundraising $32,800$1,348,384
IX-24e All other expensesPrograms $55,845 · Management $147,423 · Fundraising $16,854$220,122
IX-25 Total functional expensesPrograms $10,202,771 · Management $2,817,235 · Fundraising $636,479$13,656,485
Part X · Balance sheet $47,316,809 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $1,405,431$2,642,347
X-2 Savings and temporary cash investmentsStart of year $2,216,031$925,417
X-3 Pledges and grants receivableStart of year $582,596$1,379,903
X-4 Accounts receivableStart of year $107,271$134,712
X-9 Prepaid expenses and deferred chargesStart of year $217,504$317,275
X-10c Land, buildings and equipment, netStart of year $14,899,112$14,410,467
X-11 Publicly traded securitiesStart of year $14,358,113$17,922,308
X-12 Other securitiesStart of year $8,781,360$9,584,380
X-16 Total assetsStart of year $42,567,418$47,316,809
X-17 Accounts payable and accrued expensesStart of year $356,398$350,892
X-19 Deferred revenueStart of year $740,976$1,566,347
X-20 Tax-exempt bond liabilitiesStart of year $1,916,964$1,814,843
X-26 Total liabilitiesStart of year $3,014,338$3,732,082
X-27 Net assets without donor restrictionsStart of year $21,824,038$22,830,080
X-28 Net assets with donor restrictionsStart of year $17,729,042$20,754,647
X-32 Total net assets or fund balancesStart of year $39,553,080$43,584,727
X-33 Total liabilities and net assetsStart of year $42,567,418$47,316,809
Part XI · Reconciliation of net assets $43,584,727 net assets at year end
XI-1 Total revenue$16,157,612
XI-2 Total expenses$13,656,485
XI-3 Revenue less expenses$2,501,127
XI-4 Net assets at start of year$39,553,080
XI-5 Net unrealized gains (losses) on investments$1,530,520
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$43,584,727

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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