Trinity Fund
Legal name: Trinity Episcopal School
Nonprofit profile at a glance
- EIN
- 562059568
- IRS 990 coverage
- 2011–2024
- Official website data refreshed
- Jul 2026
- Forms available
- Form 990 2024
- Location
- Charlotte, NC, USA
- Phone
- 7043588101
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Elementary, Secondary Education, K - 12
- Affiliation
- Christianity
Reported finances
- Revenue
- $16,157,612
- Expenses
- $13,656,485
- Assets
- $47,316,809
- Liabilities
- $3,732,082
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
27 people listed
Highest reported compensation
- IMANA SHERRILL (HEAD OF SCHOOL): $292,656 total reported compensation
- ADAM COLEMAN (CFO): $174,660 total reported compensation
- TRACY ONZE (HEAD OF MIDDLE SCHOOL): $119,444 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Trinity Episcopal School is committed to the breadth of the Episcopal tradition in both its unity and diversity; a student is challenged to academic excellence while honored as an individual with unique potential. Trinity’s support of a child’s individual spiritual growth extends well beyond chapel and faith studies as we continually strive to inspire compassionate hearts and develop caring citizens. Students are encouraged to take pride in who they are, where they come from, and what they believe. All members of the Trinity community are invited to seek clarity about their own beliefs and to honor those commitments more faithfully in their lives. Fostering a Sense of Belonging in an Inclusive School Community.
What it reported doing in 2024
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 190 students during the 2024-2025 school year. Wildcat summer camp programs were provided to approximately 190 trinity students and 140 students from other schools. The trinity episcopal school lunch program serves approximately 300 nutritionally balanced and flavorful meals per day to students, faculty, and staff. Diners have the option of a hot entree with sides, a deli bar, and a soup and salad bar each day.
Operating model
- Revenue model
- Earned-program. 79% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 80% for direct work, and 20% for grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Fundraising costs are high for each dollar raised and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 62
- Transparency & Controls: 83
- Accountability: 95
- Sustainability: 72
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 64.3%; rating input score 64
- Program expense ratio: 74.7%; rating input score 75
- Fundraising efficiency: $3.7 raised per $1 spent on fundraising; rating input score 14; 14th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 15.5%; rating input score 77; 77th percentile among comparable filings
- Total-asset coverage ratio: 3.46; rating input score 78; 78th percentile among comparable filings
- Liabilities to assets ratio: 0.08; rating input score 77; 77th percentile among comparable filings
- Officer compensation ratio: 7.6%; rating input score 32; 32nd percentile among comparable filings
Growth
- Program expense growth: 4.5% per year; rating input score 100; 38th percentile among comparable filings
- Revenue growth: 4.1% per year; rating input score 100; 36th percentile among comparable filings
- Asset growth: 5.4% per year; rating input score 100; 38th percentile among comparable filings
Details
- What they do: 2 programs and campaigns described on the official site
- Where the money goes: 64.3% of revenue deployed · 74.7% of spending went to programs
- Governance: 20 of 20 board members independent · 8 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $10.2M in reported program spending
- Leadership: top reported pay $293K · 27 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $154K reported
- Consistency: 38 of 38 current checks pass
- Schedules: 10 filed schedules · includes major donors, grants, and executive pay
- Filing history: 14 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 7 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Fundraising efficiency scored 14/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- Moderate — Sustainability: Officer compensation ratio scored 32/100.