2011-11-09T13:05:14-06:00 2011-06-30 CHERRY BEKAERT & HOLLAND LLP 800 N MAGNOLIA AVE STE 1300 ORLANDO FL 328033255 990 2010-07-01 591156418 TRINITY PREPARATORY SCHOOL OF FLORIDA INC TRIN 3212822525 5700 TRINITY PREP LANE WINTER PARK FL 327929414 CRAIG MAUGHAN 3212822525 2011-11-09 1 ALISA P TRAIN 4074237911 2010 2016-03-07 17:11:31Z CRAIG MAUGHAN 5700 TRINITY PREP LANE WINTER PARK FL 327929414 16415219 0 X WWW.TRINITYPREP.ORG X 1968 FL TRINITY PREPARATORY SCHOOL IS A NOT-FOR-PROFIT ORGANIZATION THAT OPERATES A PRIVATE, COEDUCATIONAL COLLEGE PREPARATORY DAY SCHOOL. THE SCHOOL IS COMMITTED TO PROVIDING CHALLENGING PROGRAMS AND EXEMPLARY INSTRUCTION IN OUTSTANDING FACILITIES AND PROMOTES LEADERSHIP, ETHICAL BEHAVIOR, PERSONAL RESPONSIBILITY, AND REINFORCES THE HIGHEST STANDARD OF CHARACTER AND HONOR. THE SCHOOL ALSO AFFIRMS THE SPIRITUAL DIMENSION OF LIFE AND SUSTAINS A COMMUNITY WHERE ALL ARE ENCOURAGED TO EXPLORE AND DEEPEN THEIR OWN FAITH. THIS COMMUNITY VALUES TRADITIONS; RESPECTS EACH INDIVIDUAL REGARDLESS OF RACE, ETHNICITY, GENDER, OR FAITH; AND IS SAFE, CARING, AND SUPPORTIVE. 28 27 243 200 0 0 955477 890744 13434369 13915378 142322 222506 1142086 1081583 15674254 16110211 1535085 1900733 0 0 9049220 8698155 0 0 58818 5414372 6030006 15998677 16628894 -324423 -518683 26844370 25253700 15771424 13028752 11072946 12224948 TO DEVELOP STUDENTS WHO ARE ABLE TO EXCEL IN COLLEGE AND BEYOND, CONTRIBUTE TO THEIR COMMUNITIES, LEAD IN A CHANGING SOCIETY, AND GROW SPIRITUALLY. 0 0 12063107 1900733 14966950 EDUCATION OF APPROXIMATELY 830 STUDENTS IN THE SIXTH THROUGH TWELFTH GRADES BY A PRIVATE, COEDUCATIONAL COLLEGE PREPARATORY DAY SCHOOL AFFILIATED WITH AN EPISCOPAL DIOCESE. WITH AN AVERAGE CLASS SIZE OF 17, THE SCHOOL PROVIDES A SUPPORTIVE LEARNING ENVIRONMENT GEARED TOWARD THE INDIVIDUAL'S NEEDS. THE SCHOOL IS ACCREDITED THROUGH THE FLORIDA COUNCIL OF INDEPENDENT SCHOOLS, A NON-GOVERNMENTAL, NONPROFIT, PEER-ADMINISTERED ORGANIZATION OF DIVERSE EDUCATIONAL INSTITUTIONS COMMITTED TO THE HIGHEST QUALITY EDUCATION FOR STUDENTS. TO HELP WITH THE COST OF TUITION, THE SCHOOL AWARDS MORE THAN $1.7 MILLION EACH YEAR IN FINANCIAL AID, ASSISTING 20 PERCENT OF STUDENTS WHO ATTEND THE SCHOOL. 12063107 1 1 0 0 0 1 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 21 0 243 1 0 0 0 0 0 1 1 0 0 0 0 X 28 27 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 FL X STEVEN WENNERSTROM 3212822525 5700 TRINITY PREP LANE WINTER PARK FL 327929414 ALBERT A PRAST 0.20 X 0 0 0 ANDREW L ASHER 0.20 X 0 0 0 BETH S DESIMONE 0.20 X 0 0 0 CAROLINE M BLYDENBURGH 0.20 X 0 0 0 CHARLES H BROWN 0.20 X 0 0 0 CRAIG S MAUGHAN 40.00 X X 289077 0 30446 D FRANK WRIGHT 0.20 X 0 0 0 DANIEL BACHRACH 0.20 X 0 0 0 DAVID H LEBIODA 0.20 X 0 0 0 DEBORAH ROBISON 0.20 X 0 0 0 DONALD P DIETRICH 0.20 X 0 0 0 DYKES C EVERETT 0.20 X X 0 0 0 EDWARD K GRAHAM 0.20 X 0 0 0 ELIZABETH F STEVENS 0.20 X 0 0 0 GREGORY P MILES 0.20 X 0 0 0 JANIE D SUTTON 0.20 X 0 0 0 JOHN E BARRETT 0.20 X 0 0 0 JOHN T WETTACH 0.20 X 0 0 0 KATHLEEN M POWELL 0.20 X X 0 0 0 KENNETH C WRIGHT 0.20 X 0 0 0 LUCY M CARNEY 0.20 X 0 0 0 PAUL C PERKINS JR 0.20 X 0 0 0 PAULA N LOFTUS 0.20 X 0 0 0 REV DR MALCOLM MURCHISON 0.20 X 0 0 0 REV REID MCCORMICK 0.20 X 0 0 0 RICHARD A WELLS 0.20 X X 0 0 0 ROBERT B SIMMS 0.20 X X 0 0 0 WHITNEY J WATSON 0.20 X 0 0 0 STEVEN R WENNERSTROM 40.00 X 121092 0 13514 410169 0 43960 2 0 1 0 SAGE DINING SERVICES 1402 YORK RD LUTHEVILLE MD 21093 FOOD SERVICE 477000 SODEXO INC & AFFILIATES PO BOX 536922 ATLANTA GA 30353 CLEANING 298867 2 111542 779202 890744 TUITION AND FEES 611600 13915378 13915378 13915378 203847 203847 80472 7921 72551 72551 72551 267325 850 244026 5490 23299 -4640 18659 18659 5031 111542 47571 -42540 -42540 AUXULIARY INCOME 611600 1034454 1034454 INTEREST ON ACCTS REC 611600 9461 9461 MISCELLANEOUS 611600 7657 7657 1051572 16110211 14966950 0 252517 1900733 1900733 465223 325656 139567 6444594 5025120 1419474 510842 398535 112307 789314 528514 260800 488182 357362 130820 5365 5365 63956 19207 44749 61381 61381 1111529 923192 188337 1004945 1004945 5165 5165 100623 100623 478658 478658 1409294 1409294 176577 176577 FOOD SERVICE 497571 497571 EMPLOYEE DISCOUNTS 494100 494100 UPPER & MIDDLE SCHOOL 227024 227024 SUMMER SCHOOL 125038 125038 TESTING & GUIDANCE 118302 118302 150478 30933 60727 58818 16628894 12063107 4506969 58818 1409187 740925 2000724 450490 178264 116514 63473 66105 103377 92786 29429044 15070785 15372093 14358259 7255019 8989667 458394 424080 3839 14874 26844370 25253700 1130689 1301320 4444928 2100280 8860000 8445000 1335807 1182152 15771424 13028752 X 5949850 6536223 1224917 1748891 3898179 3939834 11072946 12224948 26844370 25253700 X -518683 1670685 X 0 1 1 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 4 16.00 1 0 12.00 360 7255019 106293 1734830 106474 8989668 6380330 164575 867694 97580 60000 7255019 7323476 462370 -1295260 110256 6380330 0.49330 0.43830 0.06840 1 0 325151 325151 21151149 10952639 10198510 4624496 2394689 2229807 3328248 1723457 1604791 14358259 OBLIGATION UNDER INTEREST RATE SWAPS 1182152 1182152 16110211 16628894 -518683 1517030 153655 1670685 1152002 15940295 1517030 -1747078 -230048 16170343 -60132 -60132 16110211 14788293 60132 60132 14728161 1900733 1900733 16628894 DESCRIPTION OF HOW ORGANIZATION REPORTS CONSERVATION EASEMENTS: PART II, LINE 9: ON TRINITY PREPARATORY SCHOOL'S FINANCIAL STATEMENTS, CONSERVATION EASEMENTS ARE INCLUDED IN LAND, BUILDINGS AND EQUIPMENT ON THE BALANCE SHEET. THERE ARE NO ASSOCIATED REVENUES OR EXPENSES INCLUDED IN THE FINANCIAL STATEMENTS ASIDE FROM ALLOCATED MAINTENANCE COSTS. DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: TRINITY PREPARATORY SCHOOL'S ENDOWMENT FUNDS ARE INTENDED TO FURTHER THE MISSION OF TRINITY PREPARATORY SCHOOL BY PROVIDING STUDENT FINANCIAL AID, FACULTY DEVELOPMENT, AND OTHER NEEDS OF THE EDUCATIONAL PROGRAM. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: TRINITY PREPARATORY SCHOOL ("THE SCHOOL") HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAX ON RELATED INCOME UNDER INTERNAL REVENUE CODE (IRC) SECTION 501(A) AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3). THE SCHOOL FOLLOWS THE FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE GUIDANCE CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS BY PRESCRIBING A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE SCHOOL'S POLICY IS TO RECORD A LIABILITY FOR ANY TAX POSITION TAKEN THAT IS BENEFICIAL TO THE ORGANIZATION, INCLUDING ANY RELATED INTEREST AND PENALTIES, WHEN IT IS MORE LIKELY THAN NOT THE POSITION TAKEN BY MANAGEMENT WILL BE OVERTURNED BY A TAXING AUTHORITY UPON EXAMINATION. MANAGEMENT BELIEVES THERE ARE NO SUCH POSITIONS AS OF JUNE 30, 2011 AND 2010 AND, ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED. PART XI, LINE 8 - OTHER ADJUSTMENTS: NET UNREALIZED GAINS ON INTEREST RATE SWAPS 153,655. PART XII, LINE 2D - OTHER ADJUSTMENTS: NET UNREALIZED GAINS ON INTEREST RATE SWAPS 153,655. FINANCIAL AID GRANTS -1,900,733. PART XII, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES -47,571. LOSS ON DISPOSAL OF FIXED ASSETS -4,640. RENTAL EXPENSES -7,921. PART XIII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES 47,571. LOSS ON DISPOSAL OF FIXED ASSETS 4,640. RENTAL EXPENSES 7,921. PART XIII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID GRANTS 1,900,733. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 THE NON-DISCRIMINATION POLICY IS PUBLICIZED IN THE ORLANDO SENTINEL NEWSPAPER AT LEAST ANNUALLY. GOLF TOURNAMENT 12808 7777 5031 6787 ONLINE AUCTION 103765 103765 40784 116573 111542 5031 47571 47571 -42540 1 NEED-BASED FINANCIAL AID 169 1900733 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: TRINITY PREPARATORY SCHOOL PROVIDES FINANCIAL ASSISTANCE TO FAMILIES BASED UPON DEMONSTRATED FINANCIAL NEED AND THE SCHOOL'S AVAILABLE FUNDS. FINANCIAL ASSISTANCE IS AWARDED FOR A ONE YEAR PERIOD. X X X X X 0 0 0 0 0 0 0 0 0 CRAIG S MAUGHAN 272577 0 0 0 16500 0 22632 0 7814 0 319523 0 0 0 TRINITY PREPARATORY SCHOOL 591156418 684908AK2 2005-04-04 5000000 CONSTRUCTION 0 0 0 920000 5000000 181988 4818012 2006 0 0 1 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 1 1 WELLS FARGO 20.500000000000 0 0 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE ANNUAL FORM 990 IS REVIEWED BY THE HEADMASTER AND THE BUSINESS MANAGER. AFTER THIS REVIEW, THE FORM 990 IS PROVIDED TO ALL TRUSTEES FOR THEIR REVIEW AND COMMENTS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C TRINITY PREPARATORY SCHOOL PROVIDES ITS TRUSTEES WITH AN ANNUAL CONFLICT OF INTEREST COMPLIANCE STATEMENT TO DETERMINE IF THERE ARE ANY CONFLICTS OF INTEREST ISSUES REQUIRING FURTHER INVESTIGATION. IN THE EVENT OF A CONFLICT DURING THE YEAR, THE AFFECTED TRUSTEE WILL RECUSE HIMSELF OR HERSELF FROM ALL RELEVANT DISCUSSIONS AND VOTING. FORM 990, PART VI, SECTION B, LINE 15 THE HEADMASTER'S COMPENSATION IS DETERMINED BY THE BOARD OF TRUSTEES AND EVALUATED ANNUALLY. IN THIS DETERMINATION, THE BOARD REVIEWS THE GOALS AND ACHIEVEMENTS OF THE HEADMASTER, CONSIDERING THE SCHOOL'S BUDGET AND COMPENSATION DATA FROM COMPARABLE SCHOOLS. ALL DELIBERATION AND DECISIONS ARE DOCUMENTED IN THE BOARD MEETING MINUTES. THE HEADMASTER DETERMINES COMPENSATION FOR ALL OTHER EMPLOYEES. COMPENSATION IS DETERMINED BASED ON AN EVALUATION PROCESS AND REVIEW OF GOALS WITH CONSIDERATION GIVEN TO COMPARABLE SCHOOLS AND BUDGETS. THESE EVALUATIONS ARE DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 TRINITY PREPARATORY SCHOOL'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 1,517,030. NET UNREALIZED GAINS ON INTEREST RATE SWAPS 153,655. TOTAL TO FORM 990, PART XI, LINE 5: 1,670,685.