Triumph Inc
- Assets
- $6.7m
- Revenue
- $8.3m
- Investments
- $0.0
- Employees
- 145
- Location
- Taunton, MA
- Founding
- 07/1967
- Data as of
- 06/2023
- EIN
- 04-2394012
Organization Overview
Triumph Inc is located in Taunton, MA. The organization was established in 1967. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2023, Triumph Inc employed 145 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Triumph Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Triumph Inc generated $8.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $7.5m during the year ending 06/2023. While expenses have increased by 3.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TRIUMPH SUPPORTS CHILDREN & THEIR FAMILIES THROUGH EARLY CHILDHOOD PROGRAMS AND COMMUNITY ENGAGEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EARLY CHILDHOOD EDUCATION & CARE - TRIUMPH SUPPORTS THE EDUCATION, WELL-BEING AND SELF-SUFFICIENCY OF YOUNG CHILDREN AND THEIR FAMILIES THROUGH HIGH QUALITY EARLY CHILDHOOD PROGRAMS AND COMMUNITY ENGAGEMENT. TRIUMPH OPERATES 23 CLASSROOMS IN 3 FACILITIES. CHILDREN OF ALL INCOME LEVELS AND BACKGROUNDS ARE INVITED TO PARTICIPATE IN OUR PROGRAMS, ALTHOUGH ONLY INCOME ELIGIBLE CHILDREN MAY BE ENROLLED INTO OUR HEAD START OR EARLY HEAD START PROGRAMS.
HEALTH AND NUTRITION SERVICES - TO ENSURE OUR CHILDREN HAVE THE RIGHT FUEL IN THEIR BODIES TO ENGAGE IN ALL OF OUR ACTIVITIES. WE PROVIDE DELICIOUS AND NUTRIOUS BREAKFAST, LUNCH AND AFTERNOON SNACK. INFANTS ARE FED ON DEMAND-- AND WE PROVIDE THE FORMULA AND DIAPERS! TRIUMPH BELIEVES A SUCCESSFUL START IN SCHOOL IS ONLY POSSBILE WITH A HEALTH BODY. VISION, HEARING AND WEIGHT SCREENINGS WILL ENSURE YOUR CHILD IS ON THE RIGHT TRACK TOWARD HEALTHY DEVELOPMENT. WE PARTNER WITH PARENTS TO ENSURE IMMUNIZATIONS, PHYSICALS AND DENTAL EXMAINATIONS ARE UP TO DATE.
TRANSPORTATION SERVICES - WE PROVIDE TRANSPORTATION FOR THOSE FAMILIES WHO HAVE NO OTHER MEANS TO TRANSPORT THEIR CHILD TO SCHOOL. ALL OF OUR SCHOOL BUSES ARE EQUIPPED WITH THREE POINT HARNESSES, A MONITOR AND A DRIVER TO ENSURE THE SAFE TRANSPORT OF OUR MOST PRECIOUS CARGO!
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Norma Barbour Secretary & Director | OfficerTrustee | 1 | $0 |
Caryle Stonstrom Co-President | OfficerTrustee | 1 | $0 |
Thomas Hoye Co-President | OfficerTrustee | 1 | $0 |
Manuel Spencer Co-Treasurer | OfficerTrustee | 1 | $0 |
Gregory O'donnell Co-Treasurer | OfficerTrustee | 1 | $0 |
Marley Fletcher Vice President | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Malloch Construction Construction | 6/29/23 | $607,549 |
All Brand New England Food Service | 6/29/23 | $175,115 |
B&m Catering Food Service | 6/29/23 | $160,556 |
Kompan Inc Playgrounds | 6/29/23 | $131,426 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $10,007 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,022,369 |
| All other contributions, gifts, grants, and similar amounts not included above | $77,614 |
| Noncash contributions included in lines 1a–1f | $7,300 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,109,990 |
| Total Program Service Revenue | $116,294 |
| Investment income | $33,689 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$11,368 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,287,169 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $294,309 |
| Compensation of current officers, directors, key employees. | $37,612 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,441,188 |
| Pension plan accruals and contributions | $107,198 |
| Other employee benefits | $783,973 |
| Payroll taxes | $336,361 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $46,839 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $194,122 |
| Advertising and promotion | $0 |
| Office expenses | $85,734 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $246,161 |
| Travel | $6,048 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,983 |
| Interest | $25,725 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $223,710 |
| Insurance | $49,652 |
| All other expenses | $14,702 |
| Total functional expenses | $7,494,288 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $267,334 |
| Savings and temporary cash investments | $1,985,871 |
| Pledges and grants receivable | $140,178 |
| Accounts receivable, net | $322,694 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $57,585 |
| Net Land, buildings, and equipment | $3,945,833 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,719,495 |
| Accounts payable and accrued expenses | $296,671 |
| Grants payable | $0 |
| Deferred revenue | $1,100,372 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $540,819 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,937,862 |
| Net assets without donor restrictions | $2,903,966 |
| Net assets with donor restrictions | $1,877,667 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,719,495 |