2025-03-27T11:45:09-05:00 2024-06-30 WITHUMSMITHBROWNPC 331 NEWMAN SPRINGS RD STE 125 RED BANK NJ 077016765 990 2023-07-01 454641636 Trinity Hall % THERESA KIERNAN TRIN 7322911297 101 Corregidor Road Tinton Falls NJ 07724 THERESA KIERNAN HEAD OF SCHOOL 7322911297 2025-05-15 true true Lauren Naples CPA P01265286 7328423113 2023 2025-03-06 01:10:19Z THERESA KIERNAN 101 Corregidor Road Tinton Falls NJ 07724 13393937 false X WWW.TRINITYHALLNJ.ORG X 2012 NJ TRINITY HALL IS AN INDEPENDENT, ALL-GIRLS SCHOOL THAT EDUCATES AND EMPOWERS YOUNG WOMEN IN THE CATHOLIC TRADITION THROUGH AN INNOVATIVE COLLEGE PREPARATORY PROGRAM. 14 14 109 14 0 1061241 2576787 8525503 9959764 165335 564458 6652 2475 9758731 13103484 1135168 1210743 0 0 5597105 6030780 0 0 389613 2884627 3223349 9616900 10464872 141831 2638612 26319068 28568560 12184122 11822943 14134946 16745617 X TRINITY HALL IS AN INDEPENDENT, ALL-GIRLS SCHOOL THAT EDUCATES AND EMPOWERS YOUNG WOMEN IN THE CATHOLIC TRADITION THROUGH AN INNOVATIVE COLLEGE PREPARATORY PROGRAM GROUNDED IN OUR FOUR CORE VALUES OF LEADERSHIP, RESPECT, PERSEVERANCE, AND FAITH. TRINITY HALL PREPARES EACH STUDENT TO ACHIEVE HER FULL POTENTIAL AS SHE EMBRACES HER PLACE IN THE WORLD. false false 7200596 1210743 9959764 EXPENSES INCURRED IN PROMOTING A RIGOROUS COLLEGE-PREPARATORY ACADEMIC PROGRAM FOR YOUNG WOMEN AS WELL AS A SUPERIOR CHARACTER EDUCATION PROGRAM. ALL MAJOR ACADEMIC COURSES WERE TAUGHT AT THE HONORS LEVEL WITH THE OPPORTUNITY FOR ADVANCED PLACEMENT COURSES BEGINNING IN TENTH GRADE. PLEASE REFER TO PART III, LINE 1 FOR THE ORGANIZATION'S MISSION. 7200596 true true false false false false false false false true true false false false true true true false true false false false false false true false false false true true false false false false false false false false false false false false false false false false false true 23 0 true 109 true false false false false false true true false false false false false false X 14 14 true false false false false false false true true false false true true true true true false true true false NJ X THERESA KIERNAN 7322911297 101 CORREGIDOR ROAD TINTON FALLS NJ 07724 Mary Kate Blaine Former HEAD OF SCHOOL 50.0 0.0 X 256974 0 11788 Theresa Kiernan HEAD OF SCHOOL 50.0 0.0 X 150591 0 29915 Deirdre Spiropoulos Director of Advancement 50.0 0.0 X 120263 0 713 Jennifer Havens Dean of Academics 50.0 0.0 X 110510 0 493 Robert Bagley Athletics Director 50.0 0.0 X 104000 0 484 Justin Gmelich CHAIR - TRUSTEE 15.0 0.0 X X 0 0 0 MAIREAD CLIFFORD CO - CHAIR 2.0 0.0 X X 0 0 0 Torrey Plank SECRETARY - TRUSTEE 15.0 0.0 X X 0 0 0 PATRICK DONNELLY Treasurer 2.0 0.0 X X 0 0 0 VICTORIA GMELICH TRUSTEE 2.0 0.0 X 0 0 0 SEAN P CLIFFORD TRUSTEE 2.0 0.0 X 0 0 0 KERRY DEVINE TRUSTEE 2.0 0.0 X 0 0 0 Katie Evans TRUSTEE 2.0 0.0 X 0 0 0 Amy Howell Trustee 2.0 0.0 X 0 0 0 Tara Liebee Trustee 2.0 0.0 X 0 0 0 SHAWN REYNOLDS TRUSTEE 2.0 0.0 X 0 0 0 Kimberly Tsimbinos Trustee 2.0 0.0 X 0 0 0 Carmine Venezia Trustee 2.0 0.0 X 0 0 0 Charles H Jones III Trustee 2.0 0.0 X 0 0 0 742338 0 43393 5 true true false Global Mark LLC 28 Overlook Road LIVINGSTON NJ 07039 security service 139580 FUNDAMENTAL CLEANING LLC 120 FRANCIS STREET UNIT 1 KEYPORT NJ 07735 JANITORIAL 101769 2 1774865 801922 913 2576787 TUITION AND FEES 611600 9869397 9869397 OTHER PROGRAM RELATED REVENUE 611600 90367 90367 9959764 564458 564458 0 0 0 0 0 0 270196 1774865 270196 0 0 0 0 0 22732 20257 2475 2475 0 13103484 9959764 566933 0 1210743 1210743 0 0 180509 180509 0 4771977 3124242 1398985 248750 106631 71278 35353 562461 395260 166124 1077 409202 259077 128498 21627 0 28453 28453 134502 134502 0 0 3107 3107 22090 22090 79569 79569 422196 237665 113927 70604 496666 474335 22331 0 580453 580453 0 0 57584 53248 4336 244160 244160 0 531506 519170 12336 108098 11223 96875 STUDENT ATHLETICS 379856 379856 STUDENT TRANSPORTATION 12970 12970 STUDENT ACTIVITIES 117782 117782 BAD DEBT EXPENSE 4357 -16531 20888 10464872 7200596 2874663 389613 X 4389431 4616848 620614 229171 149755 94656 100 5063 0 0 0 0 0 0 0 0 80063 29591 17105532 3602841 13010417 13502691 7012739 9116667 0 0 0 0 0 0 1055949 973873 26319068 28568560 843017 616292 0 0 3371910 3437512 0 0 0 0 0 0 7891748 7765296 0 0 77447 3843 12184122 11822943 X 12401775 12835174 1733171 3910443 14134946 16745617 26319068 28568560 X 2638612 38683 -66624 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 356652 24566 42859 424077 258185 80392 18075 356652 275319 -17134 258185 0.00000 0.89670 0.10330 false false 232174 232174 6787233 125827 6661406 589598 428814 160784 9496527 3048200 6448327 13502691 0 DERIVATIVE PAYABLE 3843 3843 X 12198513 38683 270196 308879 11889634 3107 1210743 1213850 13103484 9521218 270196 270196 9251022 3107 1210743 1213850 10464872 SCHEDULE D, PART X, LINE 2 AN INDEPENDENT CPA FIRM AUDITED THE FINANCIAL STATEMENTS OF THIS ORGANIZATION (SCHOOL) FOR THE YEAR ENDED JUNE 30, 2024. THE FIN 48 (ASC 740) FOOTNOTE BELOW IS FROM THE ORGANIZATION'S JUNE 30, 2024. AUDITED FINANCIAL STATEMENTS: The Internal Revenue Service ("IRS") has classified the School as a tax exempt corporation under Section 501(c)(3) of the Internal Revenue Code ("IRC"). However, income from certain activities that is not directly related to the School's tax-exempt purpose is subject to taxation as unrelated business income. The School had no unrelated business income for the years ended June 30, 2024 and 2023. Accounting for Uncertain Tax Positions: Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken by the School and recognize a tax liability (or asset) if the School has taken an uncertain position that more likely than not would not be sustained upon examination by the IRS. Management has analyzed the tax positions taken by the School, and has concluded that as of June 30, 2024 and 2023, 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. The School is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. In addition, there have been no tax related interest or penalties for years presented in these financial statements. Should such penalties and interest be incurred, the School's policy would be to recognize them as operating expenses. SCHEDULE D, PART XI AND XII, LINE 2D FUNDRAISING EXPENSES - $169,330. COST OF EVENTS - $100,866. Total = $270,196 SCHEDULE D, PART XI AND XII, LINE 4B FINANCIAL AID, SCHOLARSHIPS, AND DISCOUNTS - $1,210,743. SCHEDULE D, Part V, line 4 The School's endowment consists of an endowed scholarship and a portion of donor-restricted scholarship gifts to provide financial support for students into perpetuity. The amount of endowment scholarship awards are determined by the School, and the remaining income and capital gains are reinvested to strengthen the market value of the endowment fund against future inflation. true true true true true true true false false false false false false false false false false true Schedule E, Part 1, Line 3 THE TRINITY HALL SCHOOL PUBLICIZES ITS NONDISCRIMINATORY POLICY ON ITS WEBSITE AND HAS ALSO PUBLICIZED IT IN THE newark star ledger and ASBURY PARK PRESS NEWSPAPERs. Gala 2016774 1836822 179952 119844 8000 41488 Mary's Run 44990 44990 4948 3 58002 58002 16165 5000 15050 2119766 1881812 237954 136009 13000 61486 210495 27459 true FINANCIAL AID, merit awards And Remission 109 1210743 FAIR MARKET VALUE FINANCIAL AID Form 990, Schedule I, Part I - Line 2 THERE IS A FINANCIAL AID COMMITTEE THAT INCLUDES THE HEAD OF SCHOOL, BUSINESS MANAGER AND OUTSIDE CPA CONSULTANT. THIS COMMITTEE, IN CONSULTATION WITH THE BOARD FINANCE COMMITTEE, MAKES DECISIONS ON MERIT AND FINANCIAL AID AWARDS. ALL FAMILY INFORMATION IS KEPT CONFIDENTIAL AND ONLY SEEN BY THE SCHOOL COMMITTEE. X X X X true false false false false false false false false Mary Kate Blaine Former HEAD OF SCHOOL 256974 0 0 0 0 0 0 0 11788 0 268762 0 0 0 Theresa Kiernan HEAD OF SCHOOL 150591 0 0 0 0 0 0 0 29915 0 180506 0 0 0 FORM 990, PART VI, LINE 2 SEAN CLIFFORD AND MAIREAD CLIFFORD - FAMILY RELATIONSHIP. JUSTIN GMELICH AND VICTORIA GMELICH - FAMILY RELATIONSHIP. CORE FORM, PART VI, SECTION A; QUESTION 7 THE ORGANIZATION'S BYLAWS PROVIDE THAT Nominations of candidates to be elected as Trustees shall be made by the Committee on Trustees. IN ADDITION, THE ORGANIZATION'S BOARD OF TRUSTEES HAS THE POWER TO establish AN EXECUTIVE COMMITTEE TO WHICH THE BOARD MAY DELEGATE CERTAIN POWERS. FORM 990, PART VI, SECTION B; QUESTION 11B A COPY OF THE ORGANIZATION'S final FORM 990 WAS PROVIDED TO ALL MEMBERS OF ITS GOVERNING BODY, ITS BOARD OF TRUSTEES, FOR REVIEW PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE ("IRS"). THE ORGANIZATION'S BOARD OF TRUSTEES HAS THE RESPONSIBILITY TO OVERSEE, REVIEW AND APPROVE OF THE FEDERAL FORM 990, INCLUDING THE PREPARATION, REVIEW AND FILING PROCESS. AS PART OF THE TAX RETURN PREPARATION PROCESS THE ORGANIZATION HIRED A PROFESSIONAL CPA FIRM WITH EXPERIENCE AND EXPERTISE IN NOT-FOR-PROFIT TAX RETURN PREPARATION TO PREPARE THE FEDERAL FORM 990. THE CPA FIRM'S TAX PROFESSIONALS WORKED CLOSELY WITH THE ORGANIZATION'S HEAD OF SCHOOL TO OBTAIN THE INFORMATION NEEDED IN ORDER TO PREPARE A COMPLETE AND ACCURATE TAX RETURN. THE CPA FIRM PREPARED A DRAFT FEDERAL FORM 990 AND FURNISHED IT TO THESE INDIVIDUALS FOR REVIEW. THESE INDIVIDUALS REVIEWED THE DRAFT FEDERAL FORM 990 AND DISCUSSED QUESTIONS AND COMMENTS WITH THE CPA FIRM. THE ORGANIZATION'S OUTSIDE ACCOUNTANT ALSO PERFORMED A DETAILED REVIEW OF THE DRAFT FORM 990. REVISIONS WERE MADE TO THE DRAFT FEDERAL FORM 990 WHERE NECESSARY AND A FINAL DRAFT WAS FURNISHED BY THE CPA FIRM TO THESE INDIVIDUALS FOR FINAL REVIEW AND APPROVAL PRIOR TO PROVIDING A COPY TO ALL MEMBERS OF this organization's board of trustees AND FILING WITH THE IRS. FORM 990, PART VI, SECTION B; QUESTION 12 ALL BOARD MEMBERS ARE REQUIRED TO ANNUALLY COMPLETE A CONFLICT OF INTEREST DISCLOSURE FORM THAT IS REVIEWED BY THE BOARD OF TRUSTEES. WHEN POTENTIAL CONFLICTS ARE IDENTIFIED, THE BOARD OF TRUSTEES DISCUSSES THE MATERIAL FACTS AND THEN DETERMINES IF A CONFLICT EXISTS. IF A CONFLICT EXISTS, THE BOARD OF TRUSTEES THEN DECIDES ON THE BEST COURSE OF ACTION AND ANY NECESSARY MITIGATING BEHAVIOR. IN ALL SITUATIONS, THE RELEVANT INDIVIDUAL SHALL BE REMOVED FROM ANY DECISION MAKING RELATED TO THEIR POTENTIAL CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION'S BOARD OF TRUSTEES MAINTAINS AN EXECUTIVE COMMITTEE ("COMMITTEE"). THE COMMITTEE IS RESPONSIBLE FOR THE REVIEW AND APPROVAL OF THE COMPENSATION AND BENEFITS OF THE ORGANIZATION'S HEAD OF SCHOOL. THE COMMITTEE'S REVIEW IS DONE ON AT LEAST AN ANNUAL BASIS AND ENSURES THAT THE "TOTAL COMPENSATION" OF THE HEAD OF SCHOOL IS REASONABLE. THE ACTIONS TAKEN BY THE COMMITTEE ENABLE THE ORGANIZATION TO RECEIVE THE REBUTTABLE PRESUMPTION OF REASONABLENESS FOR PURPOSES OF INTERNAL REVENUE CODE SECTION 4958 WITH RESPECT TO THE TOTAL COMPENSATION OF THE HEAD OF SCHOOL. THE THREE FACTORS WHICH MUST BE SATISFIED IN ORDER TO RECEIVE THE REBUTTABLE PRESUMPTION OF REASONABLENESS ARE THE FOLLOWING: 1. THE COMPENSATION ARRANGEMENT IS APPROVED IN ADVANCE BY AN "AUTHORIZED BODY" OF THE APPLICABLE TAX-EXEMPT ORGANIZATION WHICH IS COMPOSED ENTIRELY OF INDIVIDUALS WHO DO NOT HAVE A "CONFLICT OF INTEREST" WITH RESPECT TO THE COMPENSATION ARRANGEMENT; 2. THE AUTHORIZED BODY OBTAINED AND RELIED UPON "APPROPRIATE DATA AS TO COMPARABILITY" PRIOR TO MAKING ITS DETERMINATION; AND 3. THE AUTHORIZED BODY "ADEQUATELY DOCUMENTED THE BASIS FOR ITS DETERMINATION" CONCURRENTLY WITH MAKING THAT DETERMINATION. THE COMMITTEE IS COMPRISED OF MEMBERS OF THE BOARD OF TRUSTEES EACH OF WHOM ARE INDEPENDENT AND ARE FREE FROM ANY CONFLICTS OF INTEREST. THE COMMITTEE RELIED UPON APPROPRIATE COMPARABLE DATA; SPECIFICALLY, THE COMMITTEE BASES ITS REVIEW ON AN OUTSIDE INDEPENDENT STUDY THAT INCLUDES OFFICER COMPENSATION AT OTHER SECONDARY INDEPENDENT-PREPARATORY ACADAMIES OF A SIMILAR NATURE. THIS STUDY IS PREPARED BY THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS ("NAIS"). THE COMMITTEE ADEQUATELY DOCUMENTED THE BASIS FOR ITS DETERMINATION THROUGH THE TIMELY PREPARATION OF WRITTEN MINUTES OF THE COMMITTEE MEETINGS DURING WHICH THE HEAD OF SCHOOL'S COMPENSATION AND BENEFITS WAS REVIEWED AND SUBSEQUENTLY APPROVED. FORM 990, PART VI, SECTION C; QUESTION 19 THE ORGANIZATION MAKES ALL ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C AN INDEPENDENT CPA FIRM AUDITED THE FINANCIAL STATEMENTS OF THE TAXPAYER FOR THE YEAR ENDED JUNE 30, 2024 AND ISSUED AN UNMODIFIED OPINION. THE ORGANIZATION'S AUDIT AND RISK COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF THE ORGANIZATION'S FINANCIAL STATEMENTS AND THE SELECTION OF ITS INDEPENDENT AUDITOR. ACCORDING TO THE ORGANIZATION'S BYLAWS THE AUDIT AND RISK COMMITTEE shall: recommend the independent auditor for Board approval; work with the auditor to establish the scope of the audit; review the recommendations for improving internal controls as noted in the auditor's management letter; recommend approval of the annual audit to the Board; and monitor the implementation of the recommendations of the management letter. CORE FORM, PART III; STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS Academic Program: Trinity Hall is committed to providing unprecedented opportunities for learning and leadership through an innovative curriculum taught by passionate and experienced faculty in a diverse environment that celebrates the Catholic tradition. Trinity Hall encourages students to think creatively and critically, solve problems and collaborate, communicate effectively, and lead. Through interdisciplinary studies, design thinking, and a problem-based math curriculum, students are academically well-rounded and thoroughly prepared for college. Our Science, Technology, Engineering, Arts, and Mathematics program focuses on developing lessons and techniques that bring together STEAM disciplines and concepts through creative hands-on projects and experiments. Trinity Hall students take four years of engineering. Our Humanities program is intentionally designed to integrate both skills and content between the disciplines of English, history, and theology. Through the lens of the Catholic theological tradition, students engage in the exploration of prayer, scripture, sacraments, and the Church's moral and social teachings, as well as the examination of all world religions. The World Language courses at Trinity Hall facilitate a class structure built around the four main skills: reading, writing, listening, and speaking. The classes aim for target language instruction only. Cultural comparisons, connections, and global outreach are a priority over the scope and sequence of the students' language learning journey. FY24 Achievements: Academics: - Trinity Hall enrolled 336 students for the 2023-2024 school year. - Trinity Hall graduated its eighth class of graduates and hosted a five-year reunion for the Class of 2019, culminating in a "Monarch Meet-up" for all alumnae. - The 74 members of Trinity Hall's Class of 2024 were accepted to over 110 different colleges and universities and received approximately $15 million in merit scholarship offers. - In 2024, based on their efforts taking AP examinations, 18 students were recognized as AP Scholars with Distinction; 31 students were recognized as AP Scholars with Honor; and 57 were recognized as AP Scholars. - Seven seniors committed to continuing their academic and athletic careers in the NCAA at the DI and DIII levels in six different sports. Athletics: Trinity Hall students were given the opportunity to participate in 17 sports: Basketball, Crew, Cross Country, Field Hockey, Flag Football, Golf, Gymnastics, Ice Hockey, Lacrosse, Sailing, Soccer, Softball, Spring Track & Field, Swimming, Tennis, Volleyball, and Winter Track & Field. Seven seniors committed to continuing their academic and athletic careers in the NCAA at the DI and DIII levels in six different sports. The schools these student-athletes committed to are College of the Holy Cross, Drew University, Fairfield University, Harvard University, Lafayette College, Muhlenberg College, and Tufts University. Highlights athletically include a number of sport-specific accomplishments, including: - Field Hockey: Earned a B-North Division Title Qualified for the Shore Conference Tournament Earned an eight seed in the Non-Public A State Tournament - Soccer: Earned a B-North Division Title Lost only one home game all season Sectional Finalists - Tennis: Division Champions Sectional Champions State Finalists - Basketball: Undefeated Division Champions Shore Conference Semi-Finalists State Tournament Quarterfinalists - Ice Hockey: Finished 6th overall in the NJIIHL - Swimming: Undefeated Division Champions Monmouth County Champions Shore Conference Champions Sectional Champions. - Lacrosse: Division Champions Shore Conference Tournament Finalists Ranked top 20 in the state for most of the season - Sailing: Finished in First Place at the Perth Amboy Regatta - Track and Field: 4x400 team qualified for the Penn Relays and finished in 6th in the Prep Division STUDENT GOVERNMENT AND STUDENT ACTIVITIES: Trinity Hall continued to grow enrollment and programming in student-led clubs and activities. Our club roster boasts over 30 clubs, including: ACE (Acceptance, Compassion, and Empowerment), Art Club, Chorus, Dance Club, Garden Gurus, Literary Magazine, Model United Nations, The Royal Record (Yearbook), Students Against Destructive Decisions (SADD) Club, and The Trinity Hall Tribune (Newspaper). We launched several new/updated student-initiated volunteer and philanthropic experiences; for example: - Partnership with Red Bank Middle School: We have held this partnership for years at a tutoring level. Since their tutoring program was cut during COVID, the relationship severed but due to a student's passion for mentorship, Monarch Mentors was formed which aims to create mentor partnerships between the middle school students and our students as they push into clubs. - Philanthropic support: Environmental club hosted a drive for clothing and shoes to support the Vin Gopal Civic Association pantry. They then hosted a day of shopping for local community members to "shop with dignity" for donated items. All items were free but the students helped them shop and bagged their clothes for them so they felt like they were shopping. - Grade-level presidents organized bake sales based on their grade's non-profit passions to support local nonprofits in the area. Clubs expanded programming to the community and organized trips to allow students a first-hand experience in the field (for example: Video Game club went to a real college-level gaming facility at Brookdale Community College to learn about gaming at a higher-education level and opportunities to showcase talents in the field.) Trinity Hall also has the following student organizations: Liturgical Ministry, Student Ambassadors, Student Annual Fund Committee, and Tech Team. Student Government is divided into five core councils: Academics, Arts, Athletics, Community Life, and SCOPE (Service, Community Outreach, and Prayer are Essential). - The Student Council hosted several new programming events throughout the year including cupcake decorating and a movie to kick off the holiday season. Many of these activities aimed to continue to foster sisterhood and big-little sister relationships. - The class presidents organized a second annual "Battle of the Classes" event which provided a week of team-building games, themes and activities for the entire student body and staff to participate in and grow school spirit. - The Academics Council provided new initiatives and activities to celebrate student success each trimester and academic contributions through peer mentoring throughout the school year. - The Arts Council continued to increase school-wide support of the arts through monthly bulletin board drawing contests and audience opportunities to contribute to art at their annual events (Coffeehouse, Paint & Snack events, and Evening of Fine Arts). - The Athletics Council boosted fan participation with designated fan days. Students had the opportunity to gain royal rumble points for attending the events. They also helped support the volleyball team's Dig Pink Day to honor those facing a breast cancer diagnosis. - The Community Life Council hosted new activities including a school-wide week of spooky activities during Halloween, winter activities during the holidays, and during LOVE week, a big-little sister cupcake decorating competition. - The SCOPE Council, in collaboration with the liturgical team, introduced first Friday Masses in our chapel as an option for students to attend Mass each month and supported many local non-profit organizations through drives, volunteer opportunities, and bake sales. - Students presented a Fall drama (The Learned Ladies) and a Spring musical (Firebringer). Both productions were recognized with many Count Basie Awards. - All students participated in fall back-to-school class trips and Service Day in the spring, which supported 20 local non-profit organizations. The senior class participated in their own day of service and supported Rising Treetops by helping with various needs including cleaning, organizing, decorating for the holidays, and beautifying their walls with murals. FORM 990, PART XI, LINE 9: change in value of interest rate swap agreement - $66,624.