2024-02-22T10:27:25-06:00 2023-06-30 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2022-07-01 853880867 TRIO NEW COLLEGE NETWORK INC TRIO 2108445234 9 MENLO STREET BOSTON MA 02135 CHRISTOPHER GABRIELI CHIEF EXECUTIVE OFFICER 2108445234 2024-02-16 1 CHRISTOPHER GABRIELI XXX-XX-XXXX 1 SORIE KABA CPA P01317106 5083669100 2024-02-16 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CHRISTOPHER GABRIELI 9 MENLO STREET BOSTON MA 02135 3633623 0 X WWW.TRIONETWORK.ORG X 2020 MA THE MISSION OF TRIO NEW COLLEGE NETWORK IS TO PARTNER WITH LOCAL COMMUNITY LEADERS TO HELP LAUNCH AND OPERATE COLLEGE SUCCESS CENTERS IN THEIR COMMUNITY IN ORDER TO BETTER SERVE STUDENTS WHO ARE CURRENTLY NOT WELL-SUPPORTED BY EXISTING HIGHER EDUCATION OPTIONS, AND GIVE ALL STUDENTS ACCESS TO A LOW-COST, HIGH QUALITY DEGREE PATHWAY. 6 6 30 6 0 0 2103017 3412455 74667 221168 0 0 0 0 2177684 3633623 32847 28500 0 0 1026340 1740564 0 0 33387 693053 1273483 1752240 3042547 425444 591076 2088983 3192997 125523 638461 1963460 2554536 X THE MISSION OF TRIO NEW COLLEGE NETWORK IS TO PARTNER WITH LOCAL COMMUNITY LEADERS TO HELP LAUNCH AND OPERATE COLLEGE SUCCESS CENTERS IN THEIR COMMUNITIES IN ORDER TO BETTER SERVE STUDENTS WHO ARE CURRENTLY NOT WELL-SUPPORTED BY EXISTING HIGHER EDUCATION OPTIONS AND GIVE ALL STUDENTS ACCESS TO A LOW-COST, HIGH QUALITY DEGREE PATHWAY. 0 0 2813939 28500 221168 TRIO LAUNCHES AND OPERATES LOCAL COMMUNITY PARTNER PROGRAMS IN COMMUNITIES ACROSS THE COUNTRY THAT PROVIDE COACHING AND SUPPORT TO HELP MORE NONTRADITIONAL STUDENTS EARN THEIR COLLEGE DEGREE.OUR LARGEST PROGRAM IS OUR NATIONAL INCUBATION AND SUPPORT NETWORK. IN FISCAL YEAR 2023, WE CONTINUED OPERATING PROGRAMS IN NEWARK, NJ, CAMDEN, NJ, AND DETROIT, MI, AND WE INCUBATED THE LAUNCH OF A NEW PROGRAM IN CONNECTICUT. 2813939 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 11 0 1 30 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 1 0 MA X JOSEPH WESLEY PEACOCK 2108445234 9 MENLO STREET BOSTON MA 02135 MELISSA HAMANN EXECUTIVE DIRECTOR - DEP 40.00 X 156710 0 10808 DANIELLE NORTH EXECUTIVE DIRECTOR - DEGREE FORWARD 40.00 X 149997 0 28 JOSEPH WESLEY PEACOCK TREASURER / MANAGING DIRECTOR, PROGRAM & OPERATION 40.00 X 107841 0 15988 SAYMAH NAH EXECUTIVE DIRECTOR - GATEWAY U 40.00 X 115178 0 5421 JOHN GABRIELI CLERK / MANAGING DIRECTOR, GROWTH & STRATEGY 40.00 X 109174 0 5457 KHARY GOLDEN EXECUTIVE DIRECTOR - CAMDEN U 40.00 X 110000 0 0 CHRISTOPHER GABRIELI CEO / PRESIDENT / DIRECTOR 5.00 X X 0 0 0 ELEANOR LAURANS DIRECTOR 1.00 X 0 0 0 PAYMON ROUHANIFARD DIRECTOR 1.00 X 0 0 0 FRED MUTSINZI DIRECTOR 1.00 X 0 0 0 TED MITCHELL DIRECTOR 1.00 X 0 0 0 MELINA ENGEL DIRECTOR (UNTIL 12/2022) 1.00 X 0 0 0 748900 0 37702 6 0 1 0 0 3412455 3412455 COACHING FEES 611710 221168 221168 221168 3633623 221168 0 0 X 28500 28500 255063 215816 27483 11764 1254880 1198046 39417 17417 98767 94404 2624 1739 131854 121400 7987 2467 3880 3880 78715 78715 13000 13000 598542 598542 191324 191324 58148 58148 141681 141681 71303 71303 18612 18612 STUDENT SUPPORT 42625 42625 SUBSCRIPTIONS AND FEES 20915 20915 MISCELLANEOUS 18162 3962 14200 PROGRAM SUPPLIES 11289 11289 5287 5287 3042547 2813939 195221 33387 355507 1671990 436030 436074 1155000 705000 105323 108297 37123 21454 0 250182 2088983 3192997 115523 166660 10000 220000 0 251801 125523 638461 X 439519 884965 1523941 1669571 1963460 2554536 2088983 3192997 591076 0 X X 0 1 X 1 0 X 1710153 2103017 3412455 7225625 1710153 2103017 3412455 7225625 2253896 4971729 7225625 295835 X PART II, SHORT YEAR EXPLANATION: THE 2020 FORM 990 WAS FILED FOR A SHORT YEAR BECAUSE IT WAS THE ORGANIZATION'S FIRST YEAR IN OPERATION. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 1 13000 0 0 0 13000 0 PART II-B, LINE 1: IN FISCAL YEAR 2023, TRIO GAVE A GRANT TO DIPLOMA EQUITY PROJECT FOR LOBBYING PURPOSES. TRIO SOUGHT TO SUPPORT LEGISLATION THAT WOULD CREATE MORE OPPORTUNITIES FOR ADULT LEARNERS TO RETURN TO COLLEGE IN THE STATE OF MICHIGAN. 0 RIGHT-OF-USE ASSET - OPERATING 250182 250182 OPERATING LEASE LIABILITY 251801 251801 X 3633623 0 3633623 0 3633623 3042547 0 3042547 0 3042547 PART X, LINE 2: TRIO ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. TRIO HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AT JUNE 30, 2023. TRIO'S TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICTIONS. 1 DIPLOMA EQUITY PROJECT 55511 KINGSWAY DRIVE SHELBY TOWNSHIP MI 48316 863315625 501(C)3 25000 0 TO SUPPORT ORGANIZATIONAL START-UP COSTS 1 PART I, LINE 2: UNRESTRICTED GRANTS ARE ISSUED TO ORGANIZATIONS WHO ARE ALIGNED WITH THE MISSION OF TRIO NEW COLLEGE NETWORK. TRIO MANAGEMENT WILL CONDUCT CHECK IN CALLS THROUGHOUT THE GRANT PERIOD TO MONITOR THE USE OF GRANT FUNDS AND THE PROGRESS TOWARD OUR MUTUAL OBJECTIVES. X X 0 0 0 0 0 0 0 0 0 MELISSA HAMANN EXECUTIVE DIRECTOR - DEP 156710 0 0 0 0 0 0 0 10808 0 167518 0 0 0 DANIELLE NORTH EXECUTIVE DIRECTOR - DEGREE FORWARD 149997 0 0 0 0 0 0 0 28 0 150025 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 CHRISTOPHER GABRIELI AND JOHN GABRIELI ARE BOTH OFFICERS OF THE ORGANIZATION AND HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B UPON COMPLETION OF THE DRAFT FORM 990 BY THE AAF TEAM, A COPY OF THE 990 DRAFT WILL BE PROVIDED TO EACH MEMBER OF THE GOVERNING BOARD FOR THEIR REVIEW AND FEEDBACK PRIOR TO SUBMISSION. ONCE ALL BOARD MEMBERS GIVE THEIR APPROVAL, THE 990 WILL BE SUBMITTED. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, OFFICER AND MEMBER OF A COMMITTEE WITH BOARD-DELEGATED POWERS SHALL SIGN A STATEMENT, AND SHALL ANNUALLY BE REMINDED OF SUCH STATEMENT, WHICH AFFIRMS THAT SUCH PERSON: A. HAS RECEIVED A COPY OF THIS POLICY ON FINANCIAL CONFLICTS OF INTEREST; B. HAS READ AND UNDERSTOOD THE POLICY; C. AGREES TO COMPLY WITH THE POLICY; AND D. UNDERSTANDS THAT THE ORGANIZATION IS A TAX-EXEMPT ORGANIZATION AND THAT IN ORDER TO MAINTAIN ITS TAX-EXEMPT STATUS, THE ORGANIZATION MUST ENGAGE PRIMARILY IN ACTIVITIES THAT ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. FORM 990, PART VI, SECTION B, LINE 15B THE CEO IS NOT PAID A SALARY BY THE ORGANIZATION. THE MANAGING DIRECTORS AND OTHER KEY EMPLOYEES' SALARIES ARE DETERMINED BY THE CEO, IN CONSULTATION WITH THE BOARD OF DIRECTORS, AND BY USING DATA FROM INDUSTRY BENCHMARKS AND OTHER COMPARABLE ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 598,542. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 598,542. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT.