Civic Intelligence

Trustees of Trinity College The

EIN 06-0646927 • 501(c)3 • Hartford, CT

Profile

Trinity college's mission is to provide excellence in liberal arts education with emphasis on outstanding faculty, rigorous curriculum, talented and motivated student body and an attractive, supportive and secure campus community.

300 Summit StreetHartford, CT 06106

www.trincoll.edu

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

33rd percentile

0.18x

Higher debt load relative to assets than 33% of similar nonprofits.

501(c)3 • $1B+ nonprofits • Source year 2024

Liabilities / Revenue

65th percentile

0.81x

Higher debt load relative to revenue than 65% of similar nonprofits.

501(c)3 • $1B+ nonprofits • Source year 2024

Net Margin

24th percentile

0.6%

Higher net margin than 24% of similar nonprofits.

501(c)3 • $1B+ nonprofits • Source year 2024

Top Officer Pay

26th percentile

$993,998

Higher top officer pay than 26% of similar nonprofits.

Top officer pay equals 0.4% of source-year revenue.

501(c)3 • $1B+ nonprofits • Source year 2024

Asset Growth

33rd percentile

4.6%

Faster asset growth than 33% of similar nonprofits.

501(c)3 • $1B+ nonprofits • Annualized from 2023 to 2024

Revenue Growth

62nd percentile

14%

Faster revenue growth than 62% of similar nonprofits.

501(c)3 • $1B+ nonprofits • Annualized from 2023 to 2024

Assets

Up

$1,220,832,080

Up $54,052,505 (+4.6%) from 2023

Liabilities

Up

$220,675,152

Up $2,302,359 (+1.1%) from 2023

Net Assets

Up

$1,000,156,928

Up $51,750,146 (+5.5%) from 2023

Revenue

Up

$272,926,617

Up $32,519,533 (+14%) from 2023

Expenses

Up

$271,227,502

Up $20,851,011 (+8.3%) from 2023

Net Income

Up

$1,699,115

Up $11,668,522 (+117%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5B$1.0B$500M$0Assets 2010: $705,692,665Liabilities 2010: $204,164,854Net Assets 2010: $501,527,8112010Assets 2011: $774,191,518Liabilities 2011: $203,390,639Net Assets 2011: $570,800,8792011Assets 2012: $775,899,899Liabilities 2012: $205,630,081Net Assets 2012: $570,269,8182012Assets 2013: $834,462,497Liabilities 2013: $214,483,826Net Assets 2013: $619,978,6712013Assets 2014: $888,775,303Liabilities 2014: $198,067,077Net Assets 2014: $690,708,2262014Assets 2015: $916,086,796Liabilities 2015: $193,062,058Net Assets 2015: $723,024,7382015Assets 2016: $882,760,666Liabilities 2016: $214,894,695Net Assets 2016: $667,865,9712016Assets 2017: $941,174,968Liabilities 2017: $208,728,688Net Assets 2017: $732,446,2802017Assets 2018: $967,138,015Liabilities 2018: $203,163,830Net Assets 2018: $763,974,1852018Assets 2019: $977,724,524Liabilities 2019: $198,113,867Net Assets 2019: $779,610,6572019Assets 2020: $960,937,259Liabilities 2020: $198,040,317Net Assets 2020: $762,896,9422020Assets 2021: $1,148,089,790Liabilities 2021: $198,710,097Net Assets 2021: $949,379,6932021Assets 2022: $1,162,274,753Liabilities 2022: $220,655,902Net Assets 2022: $941,618,8512022Assets 2023: $1,166,779,575Liabilities 2023: $218,372,793Net Assets 2023: $948,406,7822023Assets 2024: $1,220,832,080Liabilities 2024: $220,675,152Net Assets 2024: $1,000,156,9282024

Highlighted filing

2024

Assets$1,220,832,080
Liabilities$220,675,152
Net Assets$1,000,156,928

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400M$200M$0-$200MExpenses 2010: $158,548,4452010Expenses 2011: $161,107,2772011Expenses 2012: $164,083,5062012Revenue 2013: $170,279,255Expenses 2013: $170,164,648Net Income 2013: $114,6072013Revenue 2014: $191,453,537Expenses 2014: $182,534,484Net Income 2014: $8,919,0532014Revenue 2015: $208,828,670Expenses 2015: $183,016,062Net Income 2015: $25,812,6082015Revenue 2016: $192,838,876Expenses 2016: $193,025,439Net Income 2016: -$186,5632016Revenue 2017: $214,830,616Expenses 2017: $191,035,204Net Income 2017: $23,795,4122017Revenue 2018: $393,420,239Expenses 2018: $197,579,436Net Income 2018: $195,840,8032018Revenue 2019: $188,358,122Expenses 2019: $213,744,413Net Income 2019: -$25,386,2912019Revenue 2020: $209,852,573Expenses 2020: $221,566,717Net Income 2020: -$11,714,1442020Revenue 2021: $249,100,432Expenses 2021: $210,261,825Net Income 2021: $38,838,6072021Revenue 2022: $252,035,420Expenses 2022: $232,180,098Net Income 2022: $19,855,3222022Revenue 2023: $240,407,084Expenses 2023: $250,376,491Net Income 2023: -$9,969,4072023Revenue 2024: $272,926,617Expenses 2024: $271,227,502Net Income 2024: $1,699,1152024

Highlighted filing

2024

Revenue$272,926,617
Expenses$271,227,502
Net Income$1,699,115

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,221$221$1,000$273$271$1.70
2023Detailed filing. Detailed filing data is available for this year.$1,167$218$948$240$250$9.97
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,162$221$942$252$232$19.9
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,148$199$949$249$210$38.8
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$961$198$763$210$222$11.7
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$978$198$780$188$214$25.4
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$967$203$764$393$198$196
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$941$209$732$215$191$23.8
2016Detailed filing. Detailed filing data is available for this year.$883$215$668$193$193$0.19
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$916$193$723$209$183$25.8
2014Detailed filing. Detailed filing data is available for this year.$889$198$691$191$183$8.92
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$834$214$620$170$170$0.11
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$776$206$570$164
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$774$203$571$161
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$706$204$502$159
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$696,830,016
Mission and Program Overview

Mission

Trinity college's mission is to provide excellence in liberal arts education with emphasis on outstanding faculty, rigorous curriculum, talented and motivated student body and an attractive, supportive and secure campus community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$650,624,125$663,745,018▲ $13,120,893
Land, Buildings, and Equipment, Net$317,046,705$345,574,740▲ $28,528,035
Investments Other Securities$95,409,999$115,129,448▲ $19,719,449
Savings and Temporary Cash Investments$67,785,237$57,818,967▼ $9,966,270
Pledges and Grants Receivable$28,328,831$29,721,389▲ $1,392,558
Other Notes and Loans Receivable, Net$4,417,433$3,831,138▼ $586,295
Accounts Receivable$714,653$2,306,434▲ $1,591,781
Prepaid Expenses and Deferred Charges$1,171,102$1,733,225▲ $562,123
Inventories for Sale or Use$13,977$16,666▲ $2,689
Total Assets$1,166,779,575$1,220,832,080▲ $54,052,505
Other Assets Total$1,267,513$955,055▼ $312,458
Liabilities
Tax Exempt Bond Liabilities$150,610,982$146,985,397▼ $3,625,585
Other Liabilities$41,430,387$40,546,893▼ $883,494
Accounts Payable and Accrued Expenses$24,393,980$31,134,890▲ $6,740,910
Deferred Revenue$1,937,444$2,007,972▲ $70,528
Total Liabilities$218,372,793$220,675,152▲ $2,302,359
Net Assets / Fund Balance
Net Assets With Donor Restrictions$832,347,839$875,621,291▲ $43,273,452
Net Assets Without Donor Restrictions$116,058,943$124,535,637▲ $8,476,694
Total Net Assets Fund Balance$948,406,782$1,000,156,928▲ $51,750,146
Total Liabilities and Net Assets / Fund Balance$1,166,779,575$1,220,832,080▲ $54,052,505

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$163,266,753$292,822,490$456,089,243
Equipment$14,707,435$58,603,907$73,311,342
Land$58,986,613-$58,986,613
Other Land Buildings$108,613,939-$39,624,963
Other Securities$115,129,448--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$807,434,278$11,650,903▲ $78,349,780$27,646,336$850,725,222
2022$795,976,337$6,981,068▲ $50,731,155$25,015,275$807,434,278
2021$795,206,957$15,852,711▲ $28,247,584$22,925,310$795,976,337
2020$614,772,658$9,426,958▲ $213,126,028$23,589,339$795,206,957
2019$640,845,506$3,421,687▲ $10,465,106$22,739,494$614,772,658
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joanne Berger-sweeneyPresidentFT$601,028$392,970$993,998
Danny HitchellVP FinanceFT$354,987$68,320$423,307
Sonia CardenasVP Academic Affairs and DeanFT$329,009$64,471$393,480
Michael CaseyVP Advancement (until 8/23)FT$234,926$124,790$359,716
Dickens MathieuGeneral Counsel, Secretary CLGFT$293,265$64,963$358,228
Amanda EshlemanVP Library & Information TechFT$255,879$88,191$344,070
Joseph DichristinaVP St Affairs, Dean Campus LifeFT$266,436$76,190$342,626
Hellen Hom-diamondVP Strat Marketing & CommunicationFT$238,678$71,958$310,636
Davarian BaldwinDist Prof American StudiesFT$220,703$45,198$265,901
Anita DavisVP Diversity Equity & InclusionFT$239,861$24,998$264,859

Highest Paid Contractors

ContractorServicesLocationCompensation
Abm Industry Groups LLCFacility Services1350 EUCLID AVENUE, Cleveland, OH 44115$17,518,806
ChartwellsFood ServicesPO BOX 91337, Chicago, IL 60693-1337$12,084,398
Daniel O'connell's SonsConstruction800 KELLY WAY, Holyoke, MA 01040$11,323,514
Cenaxo LLCConstruction16 TOLLAND TURNPIKE, Willington, CT 06279$1,717,674
Liberty Landscapes LLCReplacement Of Athletic Fields498 MAIN STREET SOUTH, Windsor, CT 06074$736,145
Revenue and Support

Revenue Composition

Contributions and Grants
$45,043,310
Program Service Revenue
$187,151,412
Investment Income
$34,012,501
Other Revenue
$6,719,394
All Other Contributions
$43,752,100
Change in Net Assets
$1,699,115

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Intellectual Property92$8,458,933High-low Avg
Other Non Cash Contri Table6$1,501,500Appraisals Provided
Total Noncash Contributions98$9,960,433-

Audited Revenue Reconciliation

Revenue per Audited Statements
$178,769,811
Revenue Not Reported on Financial Statements
$94,156,806
Revenue Not Reported on Form 990
$50,051,031
Other Revenue Adjustments
$84,325,329
Total Revenue per Audited Statements
$228,820,842
Total Revenue per Form 990
$272,926,617
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$104,122,096
Grants and Similar Amounts Paid$84,050,970
Salaries, Compensation, and Employee Benefits$83,054,436
Total Fundraising Expense$7,092,748
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$79,781,898--$79,781,898
Other Salaries and Wages$50,488,988$8,067,282$4,336,595$62,892,865
Fees for Services Other$15,959,380$999,428$202,638$17,161,446
Depreciation Depletion$14,554,059$207,517$179$14,761,755
Fees for Service Investment Mgmnt Fees-$9,831,477-$9,831,477
Other Employee Benefits$6,311,493$2,281,437$439,363$9,032,293
All Other Expenses$7,802,625$715,613$40,886$8,559,124
Travel$6,039,636$679,727$464,868$7,184,231
Occupancy$5,879,994$433,206-$6,313,200
Pension Plan Contributions$3,916,397$574,144$368,394$4,858,935
Foreign Grants$4,269,072--$4,269,072
Payroll Taxes$3,507,351$409,165$296,201$4,212,717
Interest$3,443,247--$3,443,247
Insurance$2,380,561$1,015,934$500$3,396,995
Information Technology$2,514,151$366,264$195,452$3,075,867
Other Expenses$2,245,420$143,756$6,768$2,395,944
Current Officers, Directors, Trustees, and Key Employees$793,428$1,000,047$264,151$2,057,626
Office Expenses$1,078,959$392,817$357,918$1,829,694
Fees for Services Legal-$680,899-$680,899
Conferences and Meetings$212,149$18,894$10,194$241,237
Fees for Services Accounting-$203,384-$203,384
Advertising$66,347$19,746$14,507$100,600
Total Functional Expenses$235,952,574$28,182,180$7,092,748$271,227,502

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$271,227,502
Expenses per Audited Statements$176,624,375
Total Expenses per Audited Statements$176,624,375
Expenses Not Reported on Financial Statements$94,603,127
Other Expense Adjustments$84,771,650
Expenses Not Reported on Form 990$0
International Activity

International Summary

Offices
4
Employees
6
Spending
$140,694,396

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
Yes
Interest in foreign trust
No
Passive foreign investment company interest
Yes
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the CaribbeanInvestments-00$104,119,804
EuropeInvestments-00$27,353,690
EuropeProgram ServicesStudy Abroad25$4,438,476
EuropeGrantmakingStudy Abroad Grants00$3,494,090
East Asia and the PacificGrantmakingStudy Abroad Grants00$288,657
South AmericaGrantmakingStudy Abroad Grants00$222,047
East Asia and the PacificProgram ServicesStudy Abroad00$178,007
South AmericaProgram ServicesStudy Abroad00$122,000
Sub-saharan AfricaGrantmakingStudy Abroad Grants00$118,974
Sub-saharan AfricaProgram ServicesStudy Abroad11$103,131
Middle East and N AfricaGrantmakingStudy Abroad Grants00$73,085
South AsiaGrantmakingStudy Abroad Grants00$72,219
South AsiaProgram ServicesStudy Abroad00$52,385
Middle East and North AfricaProgram ServicesStudy Abroad00$50,231
Central America and the CaribbeanProgram ServicesStudy Abroad10$7,600
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Liability for Asset Retirement$35,084,252
Pv of Split-interest Obligations$3,824,105
Accrued Post-retirement Benefits$1,203,624
Federal Student Loan Funds$430,112
Contributions Due to Others$23,590
Federal Income Taxes$17,298
Barbieri Severance$-36,088

Bond Issues

BondIssuerIssuedIssue PricePurpose
AConn Health & Ed Fac Auth - Series S2021-07-27$61,850,879Refin $30m-chefa q,$30m-constructi
DConn Health & Ed Fac Auth - Series R2020-06-29$59,245,776Refin. Chefa m-2010 chefa 0-2016
CConn Health & Ed Fac Auth - Series Q2017-04-26$51,100,000Refin. Chef a j-2007, chef a g-2001
BConn Health & Ed Fac - Auth - Series N I2014-07-15$22,535,000Refin. Chefa h-2004, chefa e-1996
AConn Health & Ed Fac Auth - Series L2008-08-05$15,345,000REFINANCE CHEFA I - 2005

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$61,850,879$31,068,011-$714,879
D$59,245,776$58,412,171-$833,605
C$51,100,000$50,835,951$30,000,000$264,049
B$22,535,000$22,110,022$18,466,180$424,978
A$15,345,000$15,038,110$7,875,000$269,841

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
Yes
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Trinity college prepares the return for review by an outside paid preparer and senior management. The board of trustees audit committee reviews form 990. A full copy of form 990 is distributed to all trinity college trustees before it is filed. The return is signed by the avp finance and the paid preparer.

Form 990, Part VI, Section B, Line 12C

The college distributes the conflict of interest policy and a related survey to all trustees, officers, division heads, directors and managers. The survey requires disclosure of all related party transactions. The audit committee reviews this information and determines if restrictions should be imposed on individuals with potential conflicts.

Form 990, Part VI, Section B, Line 15

Annually, the compensation committee of the college reviews and approves compensation for the president, officers and key employees. In determining compensation levels, the committee uses independent salary guides and budgets. The committee approves the compensation and documents its process.

Form 990, Part VI, Section C, Line 19

The accounting services web site includes all governing documents, conflict of interest policy and financial statements

Filing and Contact Details

Filer

Filer Name
Trinity College
EIN
06-0646927
Phone
8602972000
Address
300 SUMMIT STREET, HARTFORD, CT 06106

Signing Officer

Name
Guy P Drapeau
Title
Avp Finance
Phone
8602974210
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joanne Berger-sweeney
Formed
1823
Legal Domicile
Ct
Voting Board Members
34
Independent Board Members
33
Employees
1,772
Volunteers
500

Preparer

Firm
Cliftonlarsonallen Llp
Address
TWO INTERNATIONAL PLACE 22ND FLOOR, BOSTON, MA 02110
Preparer
Laura J Kenney
Phone
6177170831
Supplemental Narrative

Financial Statement Notes

PART III, LINE 4:

The library collections of trinity college support teaching, study and research in the disciplines represented in the trinity college curriculum. The collections offer both historical depth in established fields of knowledge as well as current scholarship in new areas of research. The main print collections of the library contain over one million volumes. The college's watkinson library holds approximately two hundred thousand volumes consisting of rare books, manuscripts and a number of special collections. Exhibits are a regular feature of the watkinson library. The library also offers open house programs with speakers on a variety of topics. Both exhibitions and open houses are open to the public.

PART V, LINE 4:

The college's endowment funds are used to provide financial resources to supplement college operating funds and other restricted gifts for many purposes as determined by donors such as classrooms, information technology, research materials, buildings, financial aid and athletic facilities.

PART X, LINE 2:

The financial statements did not report a fin 48 liability.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Financial aid reclass 84,050,970. Principal drawdown 395,103. Rent expense to revenue -131,362. Transfer to endowment 10,618.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Financial aid reclass 84,050,970. Principal drawdown 395,103. Rent expense to revenue -131,362. Post retirement changes 138,876. Interest rate swap loss 318,063.

Raw XML AppendixShowing 400 of 1,584 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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