2023-05-04T11:28:18-05:00 2022-06-30 882730877 CHERRY BEKAERT ADVISORY LLC 221 W 6TH STREET STE 1900 AUSTIN TX 78701 990 2021-07-01 742918235 AUSTIN TRINITY SCHOOL AUST 5124729525 3901 BEE CAVE RD AUSTIN TX 78746 BRYAN DENNEY CFO 5124729525 2023-05-03 1 BRYAN DENNEY 999009999 KELLY LOGAN P00677048 5124796000 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z TRINITY EPISCOPAL SCHOOL BRYAN DENNEY 3901 BEE CAVE RD AUSTIN TX 78746 23677316 0 X WWW.AUSTINTRINITY.ORG X 1999 TX OUR INDEPENDENT SCHOOL PROVIDES AN ENRICHED ACADEMIC CURRICULUM IN A CHRISTIAN ENVIRONMENT. 19 19 252 350 0 0 2490175 4741935 14361336 16286925 24234 345634 32452 246901 16908197 21621395 1281452 1370943 0 0 10840686 12104268 0 0 2234617 3862321 5829993 15984459 19305204 923738 2316191 48197793 50769451 13628968 14916574 34568825 35852877 X TRINITY EPISCOPAL SCHOOL (TRINITY) IS A NOT-FOR-PROFIT INDEPENDENT SCHOOL WHOSE MISSION IS TO PROVIDE AN ENRICHED ACADEMIC CURRICULUM IN A CHRISTIAN ENVIRONMENT. TRINITY IS NOT AFFILIATED WITH OR SPONSORED BY ANY PARISH. WE WILL NURTURE EACH CHILD ACADEMICALLY, PHYSICALLY, EMOTIONALLY AND SPIRITUALLY. WE WILL HONOR EACH CHILD'S SPIRIT FOR LEARNING AND LIFE, EVER MINDFUL THAT WE ARE ALL CHILDREN OF GOD. 1 0 15171249 1370943 16286925 TRINITY EPISCOPAL SCHOOL IS AN INDEPENDENT, PK-8, CO-ED, DAY SCHOOL IN SOUTHWEST AUSTIN, TEXAS. OUR INCREDIBLE FACULTY DELIVER A FORWARD-THINKING, EVIDENCE-BASED CURRICULUM IN A WELCOMING AND NURTURING ENVIRONMENT. APPROXIMATELY 600 STUDENTS WERE ENROLLED IN FISCAL YEAR 2020 - 2021. 15171249 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 82 0 1 252 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X BRYAN DENNEY 5124729525 3901 BEE CAVE RD AUSTIN TX 78746 SHELLY BAIN CHAIR 5.00 X 0 0 0 LEYLA ABOU-SAMRA TRUSTEE 5.00 X 0 0 0 MARWIN BROWN TRUSTEE 5.00 X 0 0 0 SANDRA BROWN TRUSTEE 5.00 X 0 0 0 MARK BURNETT TRUSTEE 5.00 X 0 0 0 JAMIE DELL TRUSTEE 5.00 X 0 0 0 SUSAN ESPINOZA TRUSTEE 5.00 X 0 0 0 KIN GILL TRUSTEE 5.00 X 0 0 0 ANNE HARRINGTON TRUSTEE 5.00 X 0 0 0 CHRIS HESTER TRUSTEE 5.00 X 0 0 0 ROBERT HICKS TRUSTEE 5.00 X 0 0 0 KATHERINE JONES TRUSTEE 5.00 X 0 0 0 EVAN KASTNER TRUSTEE 5.00 X 0 0 0 DR MRINALINI KULKARNI-DATE TRUSTEE 5.00 X 0 0 0 JOHN MCFARLAND TRUSTEE 5.00 X 0 0 0 DANIEL SCARDINO TRUSTEE 5.00 X 0 0 0 ALLEN SMITH TRUSTEE 5.00 X 0 0 0 THE REV DR DANIELLE TUMMINIO TRUSTEE 5.00 X 0 0 0 LISLE WHITWORTH TRUSTEE 5.00 X 0 0 0 JENNIFER MORGAN HEAD OF SCHOOL 40.00 X 302799 0 54089 BRYAN DENNEY CHIEF FINANCIAL OFFICER 40.00 X 269173 0 22257 KRISTI KATZ CHIEF DEVELOPMENT OFFICER 40.00 X 193309 0 23130 KENNETH MALCOLM CHAPLAIN 40.00 X 179324 0 29871 SHANNA WEISS HEAD OF MIDDLE SCHOOL 40.00 X 116935 0 13113 MARTHA MONREAL DIRECTOR OF H/R & OPERATIONS 40.00 X 105789 0 11062 SHANNA HINES HEAD OF LOWER SCHOOL 40.00 X 112313 0 14152 1279642 0 167674 7 0 1 0 FLYNN CONSTRUCTION 4638 S LAMAR BLVD AUSTIN TX 78745 CONSTRUCTION 2494218 GRAND CLASSROOM 1455 RIO RD E 1 CHARLOTTESVILLE VA 22901 STUDENT TRAVEL COORDINATION 229342 GLOBAL CLEANING SERVICES 2211 DENTON DR AUSTIN TX 78758 CLEANING 118987 3 454012 4287923 269754 4741935 TUITION AND FEES 611600 16286925 16286925 16286925 254034 254034 23603 0 23603 23603 23603 1710683 1521461 97622 189222 -97622 91600 91600 660136 454012 436838 223298 223298 21621395 16286925 0 592535 1370943 1370943 963948 798222 101163 64563 9207924 7610121 980560 617243 680588 573079 62259 45250 559087 470771 51144 37172 692721 589680 60873 42168 11242 2516 8479 247 27475 27475 24756 24756 115376 37513 74178 3685 650603 447575 152118 50910 956635 817450 75653 63532 302039 302039 226709 204037 6802 15870 1028094 865284 95510 67300 111931 100738 3358 7835 BAD DEBT EXPENSE 1120492 29172 1091320 FOOD SERVICES 692985 539339 94702 58944 CLASS EXPENSES 296482 296482 PROFESSIONAL DEVELOPMEN 136480 98305 20649 17526 128694 47155 30487 51052 19305204 15171249 1899338 2234617 3508710 3050032 3695372 7076801 3256232 2911639 2203381 992501 230676 64332 46067693 14478697 29489640 31588996 4913609 4309988 800000 680000 100173 95162 48197793 50769451 175495 111058 5532510 5881594 7451678 8602290 469285 321632 13628968 14916574 X 25627031 27483833 8941794 8369044 34568825 35852877 48197793 50769451 2316191 -1032139 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4913609 35450 -637071 2000 4309988 3987604 16216 911789 2000 4913609 4131942 107662 252000 3987604 3203225 697362 231355 4131942 2486490 446282 270453 3203225 0.11734 0.88265 0 0 11273861 11273861 22637135 7493009 15144126 3926920 2542036 1384884 4648374 4225655 422719 3581403 217997 3363406 31588996 OBLIGATIONS UNDER CAPITAL LEASE 263614 DUE TO PARENT COUNCIL 58018 321632 X 19218313 -1032139 -1032139 20250452 1370943 1370943 21621395 17934261 0 17934261 1370943 1370943 19305204 PART X, LINE 2: THE SCHOOL REGULARLY ASSESSES UNCERTAIN TAX POSITIONS IN EACH OF THE TAX JURISDICTIONS IN WHICH IT HAS OPERATIONS AND ACCOUNTS FOR THE RELATED CONSOLIDATED FINANCIAL STATEMENT IMPLICATIONS. UNRECOGNIZED TAX BENEFITS ARE REPORTED USING THE TWO-STEP APPROACH UNDER WHICH TAX EFFECTS OF A POSITION ARE RECOGNIZED ONLY IF IT IS "MORE-LIKELY-THAN-NOT" TO BE SUSTAINED AND THE AMOUNT OF THE TAX BENEFIT RECOGNIZED IS EQUAL TO THE LARGEST TAX BENEFIT THAT IS GREATER THAN FIFTY PERCENT LIKELY OF BEING REALIZED UPON ULTIMATE SETTLEMENT OF THE TAX POSITION. DETERMINING THE APPROPRIATE LEVEL OF UNRECOGNIZED TAX BENEFITS REQUIRES THE SCHOOL TO EXERCISE JUDGMENT REGARDING THE UNCERTAIN APPLICATION OF TAX LAW. THE AMOUNT OF UNRECOGNIZED TAX BENEFITS IS ADJUSTED WHEN INFORMATION BECOMES AVAILABLE OR WHEN AN EVENT OCCURS INDICATING A CHANGE IS APPROPRIATE. FUTURE CHANGES IN UNRECOGNIZED TAX BENEFITS REQUIREMENTS COULD HAVE A MATERIAL IMPACT ON THE RESULTS OF OPERATIONS. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE SCHOOL AND HAS CONCLUDED THAT AS OF JUNE 30, 2022 AND 2021, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: DISCOUNTS AND FINANCIAL AID NETTED AGAINST TUITION 1,370,943. PART XII, LINE 4B - OTHER ADJUSTMENTS: DISCOUNTS AND FINANCIAL AID NETTED AGAINST TUITION 1,370,943. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 ON WEBSITE AND PRINTED COLLATERAL GALA 1114148 454012 660136 436838 1114148 454012 660136 436838 436838 223298 1 TUITION ASSISTANCE 87 0 1370943 BOOK TUITION REDUCTION SCHEDULE I, PART III CRITERIA FOR PROVIDING ASSISTANCE TO INDIVIDUALS: ALL FINANCIAL AID APPLICANTS MUST COMPLETE AN ONLINE APPLICATION THROUGH A THIRD PARTY VENDOR (SSS, WHICH IS A BRANCH OF NATIONAL INDEPENDENT SCHOOL ASSOCIATION). THIS APPLICATION INCLUDES A FULL FINANCIAL DISCLOSURE STATEMENT AS WELL AS TWO YEARS WORTH OF FILED TAX RETURNS. THE THIRD PARTY VENDOR ASSESSES AND RECOMMENDS FINANCIAL NEED. THAT INFORMATION IS THEN REVIEWED BY TRINITY'S INTERNAL FINANCIAL AID COMMITTEE, WHICH IS MADE UP OF THE ORGANIZATION'S CONTROLLER, DIRECTOR OF ADMISSIONS, CFO, AND HEAD OF SCHOOL. IT IS THE JOB OF THE FINANCIAL AID COMMITTEE TO REVIEW AND VERIFY THE SSS REPORTS/RECOMMENDATIONS, REVIEW THE PERSONAL FAMILY STATEMENT (SUBMITTED WITH THE FINANCIAL AID APPLICATION), ASSESS THE FAMILY'S FIT IN THE TRINITY COMMUNITY (TAKING INTO ACCOUNT DIVERSITY COMMITMENTS, STUDENT TESTING AND ASSESSMENTS, CURRENT STUDENT VACANCIES, ETC.). ONCE THIS DATA IS REVIEWED, THE COMMITTEE DETERMINES ANY AWARDS GRANTED TO THE FAMILY AND THEN THE DIRECTOR OF ADMISSIONS COMMUNICATES THAT INFORMATION TO THOSE FAMILIES. FINANCIAL AID AWARDS ARE ADMINISTERED BY THE SCHOOL AND ARE USED TO OFFSET CHARGES TO STUDENT ACCOUNTS. NO EXCHANGE OF FUNDS EVER TAKES PLACE. THE AWARD IS SIMPLY A CREDIT TOWARDS THE TUITION BALANCE, SO NO MONITORING OF THE FUNDS IS NEEDED ONCE AWARDED. X X X X 0 0 0 0 0 0 0 0 0 JENNIFER MORGAN HEAD OF SCHOOL 301343 0 256 0 1200 0 52416 0 1673 0 356888 0 0 0 BRYAN DENNEY CHIEF FINANCIAL OFFICER 257717 0 10256 0 1200 0 16680 0 5577 0 291430 0 0 0 KRISTI KATZ CHIEF DEVELOPMENT OFFICER 191855 0 254 0 1200 0 18540 0 4590 0 216439 0 0 0 KENNETH MALCOLM CHAPLAIN 177870 0 254 0 1200 0 29535 0 336 0 209195 0 0 0 PART I, LINE 3 BOARD OF TRUSTEES DETERMINES HEAD OF SCHOOL'S SALARY. COMPENSATION COMMITTEE APPROVES BUDGETS (WHICH INCLUDES SALARIES). ALL EMPLOYEES (INCLUDING THE HEAD OF SCHOOL AND CFO) RECEIVE ANNUAL EMPLOYMENT CONTRACTS. THE HEAD OF SCHOOL, THE CFO AND THE DIVISION HEADS USE ISAS (INDEPENDENT SCHOOL ASSOCIATION OF THE SOUTHWEST) SALARY SURVEY DATA AS IT'S BENCHMARKING TOOL WHEN DETERMINING ANNUAL SALARIES FOR OUR FACULTY & STAFF. X 6 269754 FMV 0 0 0 FORM 990, PART III, LINE 2 ACQUISITION OF NEW PRESCHOOL TOOK PLACE IN PRIOR YEAR 20-21 HAS NOW BEEN INTEGRATED INTO TRINITY PROGRAM IN 21-22. ON-GOING FACILITY AND CAPITAL IMPROVEMENTS CONTINUE PER STRATEGIC PLAN AT PRESCHOOL BUILDING BOTH SITE AND FF&E. ALSO, NEW COMMUNITY BUILDING AT SITE OF 950 WESTBANK PROPERTY IN CONSTRUCTION DURING 21-22 WITH ASSOCIATED FUNDRAISING TO HELP SUPPORT CAPITAL CAMPAIGN. FORM 990, PART VI, SECTION B, LINE 11B THIS FORM HAS BEEN REVIEWED BY THE CONTROLLER, CHIEF FINANCIAL OFFICER, BOARD PRESIDENT AND BOARD TREASURER. FORM 990, PART VI, SECTION B, LINE 12C THROUGH MONTHLY BOARD OF TRUSTEE MEETINGS AND THROUGH THE ANNUAL AUDIT PROCESS, WE FEEL THAT WE CONSISTENTLY MONITOR AND ENFORCE COMPLIANCE WITH THE POLICY. ANY TRANSACTIONS AND/OR RELATIONSHIPS THAT COULD CREATE SUCH A CONFLICT ARE REPORTED AS PART OF OUR AUDIT. FORM 990, PART VI, SECTION B, LINE 15 FOR THE HEAD OF SCHOOL AN INDEPENDENT COMPENSATION COMMITTEE EXISTS WHO IS TASKED WITH BENCHMARKING THE HEAD OF SCHOOL'S COMPENSATION EACH YEAR AND NEGOTIATING THE HEAD'S COMPENSATION PACKAGE. BENCHMARKING DATA IS GATHERED ANNUALLY FROM THE INDEPENDENT SCHOOL ASSOCIATIONS (NAIS, ISAS). THE SCHOOL PERFORMS THIS SAME BENCHMARKING ANALYSIS ANNUALLY FOR EACH EMPLOYEE WITH STATISTICS GATHERED FROM NAIS AND ISAS. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS AVAILABLE UPON REQUEST. F0 PROPERTIES LLC 3901 BEE CAVES RD AUSTIN TX 78746 PROPERTY OWNERSHIP TX -57340 4109380 AUSTIN TRINITY SCHOOL