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 Feb 1971.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
82 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
51 people listed on the 990; $5.8M 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
Chief Investment Officer
$907,597Pt VII · Sec A
President
$607,760Pt VII · Sec A
VP Finance and Administration
$552,749Pt VII · Sec A
VP Alumni Relations and Development
$536,180Pt VII · Sec A
VP Enrollment Mgmt
$492,177Pt VII · Sec A
Provost and VP for Academic Affairs
$451,346Pt VII · Sec A
General Counsel
$363,212Pt VII · Sec A
Former Key Employee
$327,150Pt VII · Sec A
Dean: Neidorff School of Business
$302,021Pt VII · Sec A
Em Stevens Professor of Economics
$275,142Pt VII · Sec A
Janet S Dicke Professor in Public Humanities
$272,005Pt VII · Sec A
Investment Manager
$265,371Pt VII · Sec A
Jesse H Jones Professor of Business
$259,242Pt VII · Sec A
VP for Strategic Communications and Marketing
$234,773Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee (09/23)
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee (09/23)
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee (end 05/23)
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Vice-Chair
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Chair (beg 05/23)
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Craig Crow’s $1.1M as Chief Investment Officer is at the 77th 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
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Craig Crow | $1,053,672 | $907,597 | $412,745 | — | — | — |
| Danny Anderson | — | — | $497,915 | $505,121 | $895,374 | $506,029 |
| Vanessa B Beasley | $633,090 | $607,760 | $299,992 | — | — | — |
| Dennis Ahlburg | — | — | — | $554,805 | $271,090 | $267,927 |
| Gary L Logan | $191,675 | $552,749 | $327,115 | — | $287,338 | $302,267 |
| Michael Bacon | $378,438 | $536,180 | $316,224 | $318,133 | $278,111 | $311,284 |
| Eric Maloof | $347,508 | $492,177 | $373,051 | $237,038 | $226,456 | $224,572 |
| Megan Mustain | $304,948 | $451,346 | $300,802 | — | — | — |
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 University executive salaries →Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Provides high-quality undergraduate and select graduate education, combining personalized teaching, research opportunities, and public service to prepare students for productive careers.
Questions for Trinity University
Your first name shows with your question. Trinity University answers here, for everyone.
1 program · $221.1M · in their own filed words · FY2023
01
Trinity University, one of the nation's top private undergraduate institutions, is known for its superior academic quality, personalized attention with outstanding faculty, exceptional resources, real-world preparation, and vibrant campus life.
$221.1Mprogram 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 · FY2025
Samf FundFY2025$200K
Hispanic Scholarship FundFY2025$47K
Folds of Honor FoundationFY2025$19K
The Ayco Charitable FoundationFY2025$10K
Total grants receivedfrom 6 funders$1.9M
Grants paid · 12 grants · $443.4M · 2019–2024
Unitemized GrantFY2024$81,415,682
Unitemized GrantFY2024$1,220,749
Unitemized GrantFY2023$78,885,515
Unitemized GrantFY2023$1,017,222
Unitemized GrantFY2022$73,622,678
Unitemized GrantFY2022$1,127,829
Unitemized GrantFY2021$71,387,151
Unitemized GrantFY2021$1,027,486
Unitemized GrantFY2020$67,522,461
Unitemized GrantFY2020$853,944
Unitemized GrantFY2019$62,878,867
Unitemized GrantFY2019$2,472,784
Federal money
Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending May 2025 · $17.5M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$8.7M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$3.6M
Federal Perkins Loan Program_federal Capital ContributionsDepartment of Education · ALN 84.038 · Direct$1.1M
Trio Upward BoundDepartment of Education · ALN 84.047 · Direct$460K
Federal Supplemental Educational Opportunity GrantsDepartment of Education · ALN 84.007 · Direct$432K
Plus 18 smaller programs.
The auditor reported 6 findings: a weakness in money controls.
Year ending May 2024 · $18.0M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$9.1M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$2.8M
Federal Perkins Loan ProgramDepartment of Education · ALN 84.038 · Direct$1.5M
Education Stabilization FundDepartment of Education · ALN 84.425 · Direct$781K
Research Infrastructure ProgramsDepartment of Health and Human Services · ALN 93.351 · Direct and through Texas Biomedical Research$763K
Plus 21 smaller programs.
The auditor reported no findings.
Year ending May 2023 · $16.7M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$8.7M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$2.3M
Federal Perkins Loan ProgramDepartment of Education · ALN 84.038 · Direct$1.9M
Federal Supplemental Educational Opportunity GrantsDepartment of Education · ALN 84.007 · Direct$545K
Aging ResearchDepartment of Health and Human Services · ALN 93.866 · Direct and through Texas Biomedical Research and 1 more$533K
Plus 18 smaller programs.
The auditor reported no findings.
Year ending May 2022 · $20.8M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$8.6M
Education Stabilization FundDepartment of Education · ALN 84.425 · Direct$4.3M
Perkins Loan ProgramDepartment of Education · ALN 84.038 · Direct$2.9M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$2.0M
Federal Supplemental Educational Opportunity GrantsDepartment of Education · ALN 84.007 · Direct$539K
Plus 17 smaller programs.
The auditor reported 2 findings.
By the numbers
The FY2024 990, line by line.
Download 990
1The main four
Money inPt VIII
$338.7M
Ln 12
Fees for servicesLn 2g$163.6M
Investment incomeLn 3$115.5M
Gifts and grantsLn 1h$56.0M
Money outPt IX
$271.0M
Ln 25
Programscol B$221.1M
Managementcol C$45.7M
Fundraisingcol D$4.2M
Owns and owesPt X
$2.1B
net assets · Ln 32
Cash and savingsLn 1–2$18.4M
Total assetsLn 16$2.3B
LiabilitiesLn 26$282.3M
PeoplePt VI, VII
51
listed · VII A
PaidVII A14
Voting boardVI 1a37
IndependentVI 1b37
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$56.0M
Government grantsLn 1e$7.9M
Noncash giftsLn 1g$1.7M
Fees for servicesLn 2g$163.6M
Investment incomeLn 3$115.5M
Other incomeLn 4–11$3.5M
Gains on assetsLn 7$50.4M
Total revenueLn 12$338.7M
Assets in detailPt X, end of year
CashLn 1$773K
SavingsLn 2$17.6M
Cash and savings togetherLn 1–2$18.4M
InvestmentsLn 11–13$1.50B
Land, buildings, equipmentLn 10c$382.5M
Other assetsLn 15$415.5M
Total assetsLn 16$2.3B
LiabilitiesLn 26$282.3M
Net assetsLn 32$2.1B
OperationsPt I, VI
EmployeesI 52,103
VolunteersI 629
Fiscal year endsHeaderMay
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
BondsSch K, Pt X
Tax-exempt bond debt owedX 20$241.1M
Bond issues listedSch K Pt I2
Raised by those issuesSch K Pt I$107.6M
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$1.7M
EndowmentSch D · Pt V
| Line | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|
| End of yearLn 1g | $1.43B | $1.27B | $1.30B | $1.29B | $908.8M |
| Given inLn 1b | $32.2M | $9.1M | $9.2M | $99.1M | $8.6M |
| SpentLn 1d–1f | $58.7M | $64.3M | $99.4M | $53.1M | $43.7M |
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $26.5M | $18.4M |
| InvestmentsLn 11–13 | $1.29B | $1.50B |
| Land, buildings, equipmentLn 10c | $371.3M | $382.5M |
| Total assetsLn 16 | $2.11B | $2.35B |
| LiabilitiesLn 26 | $213.8M | $282.3M |
| Net assetsLn 32 | $1.90B | $2.07B |
5Every line
Statement of functional expensesPt IX · every line
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $79.9M | $79.9M | ||
| Pay of current officers, directors and key staffLn 5 | $5.4M | $915K | $4.0M | $524K |
| Pay of disqualified personsLn 6 | $357K | $357K | ||
| Other salaries and wagesLn 7 | $70.9M | $60.2M | $8.4M | $2.2M |
| Pension plan contributionsLn 8 | $5.7M | $4.8M | $747K | $176K |
| Other employee benefitsLn 9 | $8.3M | $3.6M | $4.5M | $273K |
| Payroll taxesLn 10 | $5.1M | $4.9M | $159K | $29K |
| Legal feesLn 11b | $564K | $564K | ||
| Accounting feesLn 11c | $372K | $372K | ||
| Investment management feesLn 11f | $14.1M | $14.1M | ||
| Other fees for servicesLn 11g | $24.5M | $20.5M | $3.7M | $290K |
| Advertising and promotionLn 12 | $375K | $187K | $186K | $2K |
| Office expensesLn 13 | $2.3M | $2.1M | $91K | $73K |
| Information technologyLn 14 | $5.6M | $3.6M | $1.9M | $99K |
| RoyaltiesLn 15 | $27K | $27K | ||
| OccupancyLn 16 | $6.8M | $5.8M | $864K | $156K |
| TravelLn 17 | $4.6M | $4.3M | $254K | $63K |
| Conferences, conventions and meetingsLn 19 | $189K | $118K | $62K | $9K |
| InterestLn 20 | $5.7M | $4.9M | $806K | |
| Depreciation, depletion and amortizationLn 22 | $16.7M | $14.6M | $2.1M | |
| InsuranceLn 23 | $1.6M | $28K | $1.6M | |
| Other expenses (24a–d)Ln 24 | $7.4M | $6.4M | $734K | $279K |
| All other expensesLn 24e | $4.5M | $4.1M | $329K | $43K |
| Total functional expensesLn 25 | $271.0M | $221.1M | $45.7M | $4.2M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 LatestFiled with the IRS Apr 14, 2026 | $350.5M | $292.2M | $58.3M | $2.2B | 990 PDF |
| FY2024 ViewingFiled with the IRS Apr 8, 2025 | $338.7M | $271.0M | $67.6M | $2.1B | 990 PDF |
| FY2023Filed with the IRS Apr 15, 2024 | $230.2M | $246.9M | −$16.7M | $1.9B | 990 PDF |
| FY2022Filed with the IRS Apr 17, 2023 | $314.5M | $235.3M | $79.1M | $1.9B | 990 PDF |
| FY2021Filed with the IRS Apr 15, 2022 | $306.8M | $224.5M | $82.3M | $1.9B | 990 PDF |
| FY2020Filed with the IRS Apr 14, 2021 | $216.2M | $215.8M | $437K | $1.5B | 990 PDF |
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 FY2024 990 (6 parts)
Part I · Summary $338,672,360 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $27,993,776$56,014,227
I-9 Program service revenuePrior year $156,272,877$163,606,010
I-10 Investment incomePrior year $25,058,308$115,530,173
I-11 Other revenuePrior year $20,846,478$3,521,950
I-12 Total revenuePrior year $230,171,439$338,672,360
I-13 Grants and similar amounts paidPrior year $74,750,507$79,902,737
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $89,281,379$95,796,978
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $82,836,683$95,335,032
I-18 Total expensesPrior year $246,868,569$271,034,747
I-19 Revenue less expensesPrior year −$16,697,130$67,637,613
Part VI · Governance 37 of 37 board members independent, 1 to look at
VI-1a Voting members of the governing body37
VI-1b Independent voting members37
VI-2 Family or business relationship among officers or directorsYes
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 $338,672,360 across 12 lines filed
Lines not itemized here account for $530,669 of total revenue; see the IRS return.
VIII-1d Related organizations$653,715
VIII-1e Government grants$7,930,705
VIII-1f All other contributions, gifts and grants$47,429,807
VIII-1g Noncash contributions (included above)$1,718,726
VIII-1h Total contributions, gifts and grants$56,014,227
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $163,606,010$163,606,010
VIII-3 Investment incomeUnrelated business $1,226,578 · Excluded from tax $63,897,024$65,123,602
VIII-5 RoyaltiesExcluded from tax −$10,445−$10,445
VIII-6 Net rental income or lossRelated to mission $5,000 · Unrelated business −$52,109−$47,109
VIII-7 Net gain or loss on sales of assetsUnrelated business −$17,222 · Excluded from tax $50,423,793$50,406,571
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $3,048,835$3,048,835
VIII-12 Total revenueRelated to mission $167,152,681 · Unrelated business $1,195,080 · Excluded from tax $114,310,372$338,672,360
Part IX · Statement of functional expenses $271,034,747 across 23 lines filed
IX-2 Grants to domestic individualsPrograms $79,902,737$79,902,737
IX-5 Pay of current officers, directors and key staffPrograms $915,272 · Management $3,969,055 · Fundraising $523,543$5,407,870
IX-6 Pay of disqualified personsManagement $357,454$357,454
IX-7 Other salaries and wagesPrograms $60,211,543 · Management $8,445,762 · Fundraising $2,211,216$70,868,521
IX-8 Pension plan contributionsPrograms $4,806,085 · Management $746,679 · Fundraising $175,700$5,728,464
IX-9 Other employee benefitsPrograms $3,599,880 · Management $4,450,218 · Fundraising $273,011$8,323,109
IX-10 Payroll taxesPrograms $4,923,563 · Management $159,348 · Fundraising $28,649$5,111,560
IX-11b Legal feesManagement $564,310$564,310
IX-11c Accounting feesManagement $372,181$372,181
IX-11f Investment management feesManagement $14,102,523$14,102,523
IX-11g Other fees for servicesPrograms $20,531,505 · Management $3,650,218 · Fundraising $290,005$24,471,728
IX-12 Advertising and promotionPrograms $186,947 · Management $185,783 · Fundraising $1,951$374,681
IX-13 Office expensesPrograms $2,087,538 · Management $91,251 · Fundraising $72,984$2,251,773
IX-14 Information technologyPrograms $3,628,384 · Management $1,908,037 · Fundraising $99,400$5,635,821
IX-15 RoyaltiesPrograms $27,155$27,155
IX-16 OccupancyPrograms $5,805,852 · Management $863,858 · Fundraising $156,058$6,825,768
IX-17 TravelPrograms $4,288,088 · Management $253,589 · Fundraising $63,140$4,604,817
IX-19 Conferences, conventions and meetingsPrograms $117,754 · Management $61,597 · Fundraising $9,327$188,678
IX-20 InterestPrograms $4,907,063 · Management $805,730$5,712,793
IX-22 Depreciation, depletion and amortizationPrograms $14,637,677 · Management $2,101,563$16,739,240
IX-23 InsurancePrograms $27,638 · Management $1,551,746$1,579,384
IX-24 Other expenses (24a–d)Programs $6,409,306 · Management $734,152 · Fundraising $278,517$7,421,975
IX-24e All other expensesPrograms $4,090,081 · Management $329,152 · Fundraising $42,972$4,462,205
IX-25 Total functional expensesPrograms $221,104,068 · Management $45,704,206 · Fundraising $4,226,473$271,034,747
Part X · Balance sheet $2,348,224,835 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $1,404,178$773,414
X-2 Savings and temporary cash investmentsStart of year $25,120,820$17,577,038
X-3 Pledges and grants receivableStart of year $21,897,821$20,335,234
X-4 Accounts receivableStart of year $4,621,806$1,890,049
X-8 Inventories for sale or useStart of year $61,093$105,640
X-9 Prepaid expenses and deferred chargesStart of year $9,308,673$13,655,203
X-10c Land, buildings and equipment, netStart of year $371,308,510$382,514,870
X-11 Publicly traded securitiesStart of year $692,648,875$786,742,187
X-12 Other securitiesStart of year $584,715,051$636,645,410
X-13 Program-related investmentsStart of year $8,450,423$72,464,115
X-15 Other assetsStart of year $393,522,810$415,521,675
X-16 Total assetsStart of year $2,113,060,060$2,348,224,835
X-17 Accounts payable and accrued expensesStart of year $27,871,856$35,710,939
X-19 Deferred revenueStart of year $3,730,392$3,626,435
X-20 Tax-exempt bond liabilitiesStart of year $179,730,349$241,149,746
X-24 Unsecured notes and loans payableStart of year $1,093,130$621,010
X-25 Other liabilitiesStart of year $1,385,948$1,207,973
X-26 Total liabilitiesStart of year $213,811,675$282,316,103
X-27 Net assets without donor restrictionsStart of year $723,063,515$802,265,872
X-28 Net assets with donor restrictionsStart of year $1,176,184,870$1,263,642,860
X-32 Total net assets or fund balancesStart of year $1,899,248,385$2,065,908,732
X-33 Total liabilities and net assetsStart of year $2,113,060,060$2,348,224,835
Part XI · Reconciliation of net assets $2,065,908,732 net assets at year end
XI-1 Total revenue$338,672,360
XI-2 Total expenses$271,034,747
XI-3 Revenue less expenses$67,637,613
XI-4 Net assets at start of year$1,899,248,385
XI-5 Net unrealized gains (losses) on investments$99,217,477
XI-9 Other changes in net assets−$194,743
XI-10 Net assets at end of year$2,065,908,732
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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