2024-05-15T09:22:42-05:00 2023-06-30 341874260 CBIZ MHM LLC 700 WEST 47TH STREET SUITE 1100 KANSAS CITY MO 64112 990 2022-07-01 596155069 TRINITY COLLEGE OF FLORIDA INC TRIN 7273766911 2430 WELBILT BLVD TRINITY FL 34655 GLEN C PAULEY VP BUSINESS & FINANCE 7273766911 2024-05-14 1 GLEN PAULEY XXX-XX-XXXX 1 LISA BURKE P00220718 8169455500 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z STEPHEN P BEST 2430 WELBILT BLVD TRINITY FL 34655 3461460 0 X WWW.TRINITYCOLLEGE.EDU X 1932 FL A PRIVATE, FOUR-YEAR COLLEGE THAT PROVIDES HIGHER EDUCATION IN THREE ACADEMIC DISCIPLINES. 10 10 115 10 0 0 1140934 701047 2287178 2679651 12512 19217 160559 61545 3601183 3461460 22757 425895 0 0 1972161 1851549 0 0 81806 2510722 2078783 4505640 4356227 -904457 -894767 8799813 8027524 3534025 3657037 5265788 4370487 X TRINITY COLLEGE OF FLORIDA PROVIDES A BIBLICALLY-CENTERED EDUCATION, EQUIPPING SERVANT LEADERS FOR LIFE AND CAREER OPPORTUNITIES. 0 0 1289730 425895 2232837 TRINITY COLLEGE OF FLORIDA, FOUNDED IN 1932, IS A PRIVATE FOUR-YEAR COLLEGE THAT PROVIDES ACADEMIC DEGREE PROGRAMS IN TWELVE MAJORS. IT IS A PLACE WHERE STUDENTS AND FACULTY FORM A STRONG COMMUNITY EXTENDING BEYOND THE CLASSROOM. IT IS A PLACE WHERE LIFELONG FRIENDSHIPS ARE FORGED AND A FOUNDATION ON GOD'S WORD IS LAID. THE COLLEGE'S PREPARATION INVOLVES VALUABLE CLASSROOM TRAINING, COMMUNITY SERVICE AND INTERNSHIPS.(CONTINUED ON SCHEDULE O)THE COLLEGE IS ACCREDITED BY THE COMMISSION ON ACCREDITATION OF THE ASSOCIATION FOR BIBLICAL HIGHER EDUCATION (ABHE). ABHE IS RECOGNIZED AS AN INSTITUTIONAL ACCREDITOR BY THE COUNCIL ON HIGHER EDUCATION ACCREDITATION (CHEA) AND THE U.S. DEPARTMENT OF EDUCATION.IN 2013, A DONOR GAVE A FOUNDATIONAL GIFT TO BEGIN THE LIFE CHANGE SCHOLARSHIP PROGRAM. MANY OTHER FRIENDS OF THE COLLEGE HAVE GIVEN TO THIS SCHOLARSHIP WHICH ENABLES TRINITY TO ASSIST STUDENTS WITH EDUCATIONAL AFFORDABILITY. SINCE INCEPTION OF THE SCHOLARSHIP PROGRAM, THE COLLEGE HAS AWARDED 276 STUDENTS MORE THAN $900,000. 1086112 THE COLLEGE'S STUDENT LIFE OFFICE WORKS DIRECTLY WITH STUDENTS TO ENSURE A PERSONAL CAMPUS LIFE EXPERIENCE. THE STUDENT GOVERNMENT ASSOCIATION SPONSORS ACTIVITIES TO ENJOY OUTSIDE OF THE CLASSROOM. THE ATHLETIC PROGRAM HAS EXPANDED TO INCLUDE: WOMEN'S VOLLEYBALL, MEN'S SOCCER, AND MEN AND WOMEN'S BASKETBALL. 824341 446814 THE COLLEGE'S AUXILIARY ENTERPRISES INCLUDE DINING SERVICES AND RESIDENCE LIFE. THE COLLEGE OFFERS A MEAL PLAN FOR RESIDENT STUDENTS WITH AVAILABILITY FOR COMMUTER STUDENTS TO PARTICIPATE. MAXIMUM RESIDENCE HALL CAPACITY IS CURRENTLY 90. 3200183 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 4 0 1 115 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 1 1 1 0 0 FL X GLEN C PAULEY VP BUSINESS FINAN 7277537174 2430 WELBILT BLVD TRINITY FL 34655 REV EDWARD BRANDT III CHAIRMAN 0.10 X X 0 0 0 TOM CHAPMAN VICE CHAIRMAN 0.10 X X 0 0 0 CHRISTOPHER BAHR TRUSTEE 0.10 X 0 0 0 ANDREW BAXTER TRUSTEE 0.10 X 0 0 0 SARALYN DUARTE TRUSTEE 0.10 X 0 0 0 ROBERT FREDERICK TRUSTEE 0.10 X 0 0 0 DR JAMES GLENN TRUSTEE 0.10 X 0 0 0 DR JEFF L SINGLETARY TRUSTEE 0.10 X 0 0 0 DR JAMES STOCK TRUSTEE 0.10 X 0 0 0 DR THOMAS WADE TRUSTEE 0.10 X 0 0 0 DR MARK T O'FARRELL PRESIDENT (THRU 9/30/23) 40.00 X 85179 0 10928 DR ERIC BARGERHUFF VP ACADEMIC AFFAIRS 40.00 X 83783 0 10675 ANTHONY ABELL VP ENROLLMENT 40.00 X 78539 0 10500 ALBERT DEPOUTOT VP STUDENT DEVELOPMENT 40.00 X 48733 0 9735 CHRISTIAN FROST SENIOR ACCOUNTANT 40.00 X 41600 0 8300 CHARLES MARTIN VP ADVANCEMENT 40.00 X 25200 0 0 STEPHEN P BEST INTERIM PRESIDENT (START 6/05/23) 40.00 X 0 0 0 363034 0 50138 0 0 0 0 HAVANA DREAMERS INC 23110 SR 54 344 LUTZ FL 33549 FOOD SERVICE 241458 NETWORK PEOPLE 13075 US HWY 19N CLEARWATER FL 33764 IT SUPPORT 111549 2 701047 701047 TUITION & FEES 611310 2232837 2232837 AUXILIARY INCOME 721310 446814 446814 2679651 19217 19217 61545 0 61545 61545 61545 3461460 2679651 0 80762 425895 425895 402833 72157 276618 54058 1184255 1067833 107461 8961 16496 13573 2838 85 135392 135392 112573 83408 24403 4762 54730 54730 79808 62123 17685 62737 9881 52290 566 343902 141396 199163 3343 251099 81352 169747 349954 309876 40078 73311 70307 -920 3924 6707 5370 940 397 204121 175418 28703 430026 305319 124707 FOOD SERVICE 231132 230927 205 HOUSING 9956 9956 ANNUAL BANQUET 5710 5710 BAD DEBT, NET RECOVERY -24410 -24410 4356227 3200183 1074238 81806 369744 160952 706756 538112 62330 53832 38103 0 13064576 5831940 7621730 7232636 1150 41992 8799813 8027524 347711 314629 5000 0 95000 279444 3085310 3016037 1004 46927 3534025 3657037 X 4200279 3349065 1065509 1021422 5265788 4370487 8799813 8027524 X -894767 -534 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 842253 20450 9215 9215 862703 825648 16605 7961 7961 842253 811332 14316 9549 9549 825648 784846 26486 13236 13236 811332 740334 44512 13620 13620 784846 0.00000 1.00000 0.00000 1 0 1592000 1592000 10130376 4560143 5570233 1138874 1068471 70403 203326 203326 0 7232636 DUE TO SPLIT-INTEREST BENEFICIARIES 1538 LEASE LIABILITIES 45389 46927 X 3029321 -432139 -432139 3461460 0 3461460 3972273 0 3972273 383954 383954 4356227 PART V, LINE 4: THE COLLEGE'S ENDOWMENT CONSISTS OF SEVERAL INDIVIDUAL FUNDS ESTABLISHED TO SUPPORT SCHOLARSHIPS AND STUDENT AID. PART X, LINE 2: THE COLLEGE IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND FROM FLORIDA INCOME TAX UNDER CHAPTER 220 OF THE FLORIDA STATUTES. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE COLLEGE HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE NOT TO BE A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE INTERNAL REVENUE CODE. FASB ASC TOPIC 740, INCOME TAXES, CLARIFIES THE ACCOUNTING AND RECOGNITION FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COLLEGE'S INCOME TAX RETURNS. THE COLLEGE'S INCOME TAX FILINGS ARE SUBJECT TO AUDIT BY TAXING AUTHORITIES AND FILINGS FOR PERIODS AFTER FISCAL 2019 ARE OPEN FOR EXAMINATION. THE COLLEGE DOES NOT BELIEVE IT HAS ANY UNRECOGNIZED EXPOSURE RELATING TO UNCERTAIN TAX POSITIONS AT JUNE 30, 2023. PART XI, LINE 2D - OTHER ADJUSTMENTS: ANNUAL BANQUET EXPENSES REPORTED ON PART IX, LINE 24 -5,710. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -534. SCHOLARSHIPS REPORTED ON PART IX, LINE 2 -425,895. PART XII, LINE 4B - OTHER ADJUSTMENTS: ANNUAL BANQUET EXPENSES REPORTED ON PART IX, LINE 24 5,710. BAD DEBT RECOVERY -47,651. SCHOLARSHIPS REPORTED ON PART IX, LINE 2 425,895. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE COLLEGE'S NONDISCRIMINATION POLICY IS POSTED ON ITS WEBSITE AND IS INCLUDED IN PUBLISHED MATERIAL INCLUDING THE APPLICATION FORM AND PROCEDURES. THE COLLEGE DOES NOT UTILIZE NEWSPAPERS OR BROADCAST MEDIA SERVICES. 1 STUDENT SCHOLARSHIPS 163 425895 0 N/A N/A PART I, LINE 2: THE COLLEGE HAS A LIMITED AMOUNT OF FINANCIAL ASSISTANCE THAT IS AVAILABLE TO QUALIFYING STUDENTS THROUGH ITS SCHOLARSHIP FUND. AWARDS ARE MADE ANNUALLY AND ARE DIVIDED OVER THE FALL AND SPRING TERM ENROLLMENTS. GENERAL QUALIFICATION REQUIREMENTS OF SOME OF THE GRANTS AND SCHOLARSHIPS AWARDED BY THE COLLEGE ARE AS FOLLOWS: CHRISTIAN WORKERS GRANT - FULL-TIME STUDENTS WHOSE PARENTS ARE IN FULL-TIME CHRISTIAN MINISTRY ARE ELIGIBLE FOR THIS GRANT. TRINITY COLLEGE SCHOLARSHIP - NEW FULL-TIME STUDENTS WHO HAVE A MINIMUM ACT COMPOSITE SCORE OF 19 OR A MINIMUM COMBINED SAT SCORE OF 950 ARE ELIGIBLE FOR THIS SCHOLARSHIP. TRINITY COLLEGE GRANT - THIS GRANT IS AWARDED TO NEW OR CONTINUING FULL-TIME STUDENTS ON THE BASIS OF NEED. PAST OR EXPECTED STUDENT LEADERSHIP IS CONSIDERED. THESE SCHOLARSHIPS ARE DESIGNED TO PROVIDE FINANCIAL ASSISTANCE TO STUDENTS WHO ARE PREPARING FOR A LIFE OF SERVICE IN MINISTRY OR SOME RELATED FIELD. IT IS OUR DESIRE TO GRANT THESE STUDENTS RELIEF FROM THE FINANCIAL BURDENS OF THEIR COLLEGE EDUCATION, ESPECIALLY TO THOSE WHO ARE PREPARING FOR A LIFETIME OF SERVICE IN THE KINGDOM OF GOD WHERE THEY ARE NOT ALWAYS PAID AS WELL AS THEY SHOULD BE DUE TO THE NATURE OF THEIR WORK AND THE LIMITED ABILITY FOR CHURCHES, NON-PROFIT ORGANIZATIONS, AND MISSIONS AGENCIES TO FUND THEM. THE COLLEGE MAINTAINS RECORDS DOCUMENTING THE SCHOLARSHIP CRITERIA, THE RECIPIENT SELECTION PROCESS, THE AMOUNT REWARDED, AND THE QUALIFIED EXPENSES FOR WHICH THE FUNDS ARE USED FOR EACH SCHOLARSHIP GRANTED. TOM CHAPMAN PRESIDENT OF GROUNDS F TRUSTEE NON-INTEREST BEARING LOAN WITH GROUNDS FOR GRACE TO AID IN PAYROLL X 95000 279444 0 1 0 279444 FORM 990, PART VI, SECTION A, LINE 8B COMMITTEE MEETINGS ARE NOT INDIVIDUALLY DOCUMENTED. INSTEAD, EACH COMMITTEE HAS ITS SECRETARY PRESENT TO THE BOARD OF TRUSTEES. IF A VOTE IS NEEDED, ONE IS TAKEN AND ADOPTED BY THE ENTIRE BOARD. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED AND APPROVED BY THE FINANCE COMMITTEE. THE FORM, EXCLUDING THE LIST OF MAJOR DONORS ON SCHEDULE B, IS THEN PRESENTED TO THE FULL BOARD OF TRUSTEES FOR FINAL REVIEW AND COMMENT PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE COLLEGE'S CONFLICT OF INTEREST POLICY REQUIRES THAT ALL OFFICERS, DIRECTORS, AND EMPLOYEES DISCLOSE ANY CONFLICTS IMMEDIATELY UPON DISCOVERY. COMPLIANCE IS CONSISTENTLY MONITORED AND REVIEWED ON AN ANNUAL BASIS. THE TRUSTEES, OFFICERS, AND EMPLOYEES HAVE A RESPONSIBILITY OF ADMINISTERING THE AFFAIRS OF THE COLLEGE HONESTLY AND ECONOMICALLY, AND OF EXERCISING THEIR BEST CARE, SKILL, AND JUDGMENT FOR THE SOLE BENEFIT OF THE COLLEGE. THEREFORE, THE INTEREST OF THE COLLEGE MUST HAVE FULL COMPETITIVE ADVANTAGE TO THE COLLEGE IN TERMS OF PRODUCT, SERVICE, AND PRICE. FORM 990, PART VI, SECTION B, LINE 15A THE FINANCE COMMITTEE IS RESPONSIBLE FOR REVIEWING AND APPROVING COMPENSATION FOR THE COLLEGE PRESIDENT. ITS RECOMMENDATION IS INCORPORATED INTO THE COLLEGE'S BUDGET, WHICH IS APPROVED BY THE BOARD OF TRUSTEES. COMPENSATION FOR OTHER COLLEGE OFFICERS AND KEY EMPLOYEES IS REVIEWED AND APPROVED BY THE PRESIDENT, BOARD OF TRUSTEES, AND THE PRESIDENT'S CABINET. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -534. FORM 990, PART XII, LINE 2C: TRINITY COLLEGE HAS A FINANCE COMMITTEE THAT OVERSEES THE AUDIT PROCESS AND MEETS WITH THE AUDIT TEAM EACH YEAR DURING THE PLANNING PROCESS AND THEN AGAIN WHEN THE AUDIT CONCLUDES. THE FINANCE COMMITTEE IS ALSO INVOLVED IN REVIEWING THE ANNUAL AUDIT ENGAGEMENT LETTER AND DETERMINING THAT THE WORK THE AUDITORS DO IS REASONABLY PRICED AND SATISFACTORY FOR THE COLLEGE'S PURPOSES. THE FINANCE COMMITTEE BASES THEIR DECISION ON A REVIEW OF THE AUDITOR'S QUALIFICATIONS, PRICING, AND RESPONSIVENESS TO THE COLLEGE'S NEEDS THROUGH THE YEAR.