Triton Foundation
- Assets
- $1.6m
- Revenue
- $131.1k
- Investments
- $1.5m
- Employees
- 0
- Location
- Yarmouth, ME
- Founding
- 07/1997
- Data as of
- 12/2022
- EIN
- 04-3366804
Organization Overview
Triton Foundation is located in Yarmouth, ME. The organization was established in 1997. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Triton Foundation 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 12/2022, Triton Foundation generated $131.1k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 16.6% each year . All expenses for the organization totaled $181.0k during the year ending 12/2022. While expenses have increased by 22.8% per year over the past 4 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.
Since 2020, Triton Foundation has awarded 169 individual grants totaling $434,200. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Cinelli President | 1 | $0 | |
Gail Cinelli Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $22,650 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $108,484 |
| Capital Gain Net Income | $108,484 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $131,134 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $680 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,040 |
| Contributions, gifts, grants paid | $180,000 |
| Total expenses and disbursements | $181,040 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $92,569 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,618,950 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $87,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $87,000 |
Grants Awarded
Over the last fiscal year, Triton Foundation has awarded $180,000 in support to 65 organizations.
| Grant Recipient | Amount |
|---|---|
TREE STREET YOUTH PURPOSE: GENERAL | $1,750 |
ILAP PURPOSE: GENERAL | $2,000 |
SPANNOCCHIA FOUNDATION PURPOSE: GENERAL | $34,500 |
JOHNS HOPKINS UNIVERSITY PURPOSE: GENERAL | $17,000 |
MAINE WOMENS LOBBY PURPOSE: GENERAL | $10,000 |
KIEVE LEADERSHIOP PROGRAM PURPOSE: GENERAL | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northeast Delta Dental Foundation Inc Concord, NH | $10,442,324 | $1,517,243 |
Perrault Family Trust Bedford, NH | $0 | -$39,092 |
Triton Foundation Yarmouth, ME | $1,618,950 | $131,134 |
Ggm Tr Harrisville, NH | $434,228 | $20,000 |
Frank B Walker Trust 5221-00-5 Bath, ME | $341,222 | $16,254 |