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.
73¢ of each $1 spent went to programs.
$508K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2022 · 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
73%
of spending
Fine: 73% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$508K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
6 mo
of spending, in cash
Plus $16.8M in investments, Pt X · Ln 11–13
Looks good: 5.6 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
$3.4M
9% of total assets
Looks good: liabilities are 9% of assets; 50% or less.
Pt X · Ln 26
Independent board members
22
of 22 voting members
Looks good: 22 of 22 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$12.7M
+20% vs prior year
Spent
$11.9M
To programs
73%
Net assets
$35.9M
By yearFY2020–FY2025
Revenue
$12.7M
FY2022▲ +20%
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
$11.9M
FY2022▲ +13%
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
$35.9M
FY2022▼ -7%
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 FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 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 Sep 1998.

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

Where the money goes

73 cents of each dollar spent went to programs.

Program services 73% · $8.7M Management & general 23% · $2.7M Fundraising 4% · $422K

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

25 people listed on the 990; $508K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Head of School
$285,264Pt VII · Sec A
Business Officer
$118,465Pt VII · Sec A
Assistant Head of School
$103,850Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$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.

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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 · $8.7M · in their own filed words · FY2021
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 441 students for the 2021-22 school year and graduated 55 students in june 2022.

$8.0Mprogram 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 60 students during the 2021-2022 school year.

$712Kprogram 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$12.7M
Ln 12
Fees for servicesLn 2g$9.8M
Gifts and grantsLn 1h$2.1M
Investment incomeLn 3$676K
Money outPt IX
$11.9M
Ln 25
Programscol B$8.7M
Managementcol C$2.7M
Fundraisingcol D$422K
Owns and owesPt X
$35.9M
net assets · Ln 32
Cash and savingsLn 1–2$5.5M
Total assetsLn 16$39.3M
LiabilitiesLn 26$3.4M
PeoplePt VI, VII
25
listed · VII A
PaidVII A3
Voting boardVI 1a22
IndependentVI 1b22
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.1M
Government grantsLn 1e$766K
Noncash giftsLn 1g$124K
Fees for servicesLn 2g$9.8M
Investment incomeLn 3$676K
Other incomeLn 4–11$105K
Gains on assetsLn 7$412K
Total revenueLn 12$12.7M
Assets in detailPt X, end of year
CashLn 1$1.4M
SavingsLn 2$4.1M
Cash and savings togetherLn 1–2$5.5M
InvestmentsLn 11–13$16.8M
Land, buildings, equipmentLn 10c$16.0M
Total assetsLn 16$39.3M
LiabilitiesLn 26$3.4M
Net assetsLn 32$35.9M
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 FY22End FY22
Cash and savingsLn 1–2$5.9M$5.5M
InvestmentsLn 11–13$19.1M$16.8M
Land, buildings, equipmentLn 10c$16.5M$16.0M
Total assetsLn 16$42.9M$39.3M
LiabilitiesLn 26$4.3M$3.4M
Net assetsLn 32$38.6M$35.9M
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$534K$190K$301K$43K
Other salaries and wagesLn 7$4.5M$3.0M$1.3M$198K
Pension plan contributionsLn 8$335K$208K$114K$13K
Other employee benefitsLn 9$690K$546K$110K$35K
Payroll taxesLn 10$346K$232K$96K$18K
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$47K$47K
Investment management feesLn 11f$101K$101K
Other fees for servicesLn 11g$28K$28K
Advertising and promotionLn 12$27K$3K$24K
Office expensesLn 13$173K$96K$67K$9K
Information technologyLn 14$108K$77K$25K$6K
OccupancyLn 16$551K$509K$34K$7K
TravelLn 17$20$20
InterestLn 20$83K$76K$3K$4K
Depreciation, depletion and amortizationLn 22$889K$633K$208K$47K
InsuranceLn 23$47K$47K
Other expenses (24a–d)Ln 24$1.1M$957K$147K$1K
All other expensesLn 24e$238K$65K$132K$40K
Total functional expensesLn 25$11.9M$8.7M$2.7M$422K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $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 Viewing $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 FY2022 990 (6 parts)
Part I · Summary $12,708,246 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,147,155$2,091,210
I-9 Program service revenuePrior year $8,687,389$9,835,684
I-10 Investment incomePrior year $745,865$675,940
I-11 Other revenuePrior year $46,645$105,412
I-12 Total revenuePrior year $10,627,054$12,708,246
I-13 Grants and similar amounts paidPrior year $2,019,917$2,082,354
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $5,895,412$6,385,308
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,616,153$3,398,684
I-18 Total expensesPrior year $10,531,482$11,866,346
I-19 Revenue less expensesPrior year $95,572$841,900
Part VI · Governance 22 of 22 board members independent, no flags
VI-1a Voting members of the governing body22
VI-1b Independent voting members22
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 $12,708,246 across 9 lines filed
Lines not itemized here account for $91,012 of total revenue; see the IRS return.
VIII-1e Government grants$765,919
VIII-1f All other contributions, gifts and grants$1,325,291
VIII-1g Noncash contributions (included above)$123,835
VIII-1h Total contributions, gifts and grants$2,091,210
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $9,835,684$9,835,684
VIII-3 Investment incomeExcluded from tax $263,542$263,542
VIII-6 Net rental income or lossExcluded from tax $14,400$14,400
VIII-7 Net gain or loss on sales of assetsExcluded from tax $412,398$412,398
VIII-12 Total revenueRelated to mission $9,835,684 · Unrelated business $0 · Excluded from tax $781,352$12,708,246
Part IX · Statement of functional expenses $11,866,346 across 20 lines filed
IX-2 Grants to domestic individualsPrograms $2,082,354$2,082,354
IX-5 Pay of current officers, directors and key staffPrograms $190,089 · Management $300,674 · Fundraising $43,382$534,145
IX-7 Other salaries and wagesPrograms $3,019,598 · Management $1,262,977 · Fundraising $197,584$4,480,159
IX-8 Pension plan contributionsPrograms $207,625 · Management $114,184 · Fundraising $12,946$334,755
IX-9 Other employee benefitsPrograms $545,712 · Management $109,756 · Fundraising $34,546$690,014
IX-10 Payroll taxesPrograms $232,192 · Management $95,831 · Fundraising $18,212$346,235
IX-11b Legal feesManagement $2,720$2,720
IX-11c Accounting feesManagement $46,900$46,900
IX-11f Investment management feesManagement $100,734$100,734
IX-11g Other fees for servicesManagement $28,088$28,088
IX-12 Advertising and promotionPrograms $2,790 · Management $24,479$27,269
IX-13 Office expensesPrograms $96,111 · Management $67,017 · Fundraising $9,477$172,605
IX-14 Information technologyPrograms $76,824 · Management $25,179 · Fundraising $5,753$107,756
IX-16 OccupancyPrograms $509,419 · Management $34,184 · Fundraising $7,308$550,911
IX-17 TravelManagement $20$20
IX-20 InterestPrograms $75,989 · Management $3,495 · Fundraising $3,717$83,201
IX-22 Depreciation, depletion and amortizationPrograms $633,465 · Management $207,620 · Fundraising $47,440$888,525
IX-23 InsuranceManagement $46,802$46,802
IX-24 Other expenses (24a–d)Programs $956,938 · Management $147,253 · Fundraising $1,255$1,105,446
IX-24e All other expensesPrograms $65,312 · Management $131,967 · Fundraising $40,428$237,707
IX-25 Total functional expensesPrograms $8,694,418 · Management $2,749,880 · Fundraising $422,048$11,866,346
Part X · Balance sheet $39,313,678 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $2,059,358$1,370,482
X-2 Savings and temporary cash investmentsStart of year $3,851,187$4,119,021
X-3 Pledges and grants receivableStart of year $864,570$753,150
X-4 Accounts receivableStart of year $326,891$98,955
X-9 Prepaid expenses and deferred chargesStart of year $122,231$171,554
X-10c Land, buildings and equipment, netStart of year $16,543,383$15,991,264
X-11 Publicly traded securitiesStart of year $10,678,485$9,193,624
X-12 Other securitiesStart of year $8,432,337$7,615,628
X-16 Total assetsStart of year $42,878,442$39,313,678
X-17 Accounts payable and accrued expensesStart of year $415,540$461,707
X-19 Deferred revenueStart of year $1,680,008$857,847
X-20 Tax-exempt bond liabilitiesStart of year $2,200,696$2,109,704
X-26 Total liabilitiesStart of year $4,296,244$3,429,258
X-27 Net assets without donor restrictionsStart of year $20,630,571$20,268,822
X-28 Net assets with donor restrictionsStart of year $17,951,627$15,615,598
X-32 Total net assets or fund balancesStart of year $38,582,198$35,884,420
X-33 Total liabilities and net assetsStart of year $42,878,442$39,313,678
Part XI · Reconciliation of net assets $35,884,420 net assets at year end
XI-1 Total revenue$12,708,246
XI-2 Total expenses$11,866,346
XI-3 Revenue less expenses$841,900
XI-4 Net assets at start of year$38,582,198
XI-5 Net unrealized gains (losses) on investments−$3,464,597
XI-9 Other changes in net assets−$75,081
XI-10 Net assets at end of year$35,884,420

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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