Trimount Foundation Inc
- Assets
- $12.2m
- Revenue
- $12.2m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 02/1967
- Data as of
- 12/2021
- EIN
- 04-6141144
Organization Overview
Trimount Foundation Inc is located in New York, NY. The organization was established in 1967. According to its NTEE Classification (X11) the organization is classified as: Single Organization Support, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trimount Foundation 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 12/2021, Trimount Foundation Inc generated $12.2m in total revenue. All expenses for the organization totaled $428.5k during the year ending 12/2021. While expenses have increased by 26.0% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TRIMOUNT FOUNDATION INC PROVIDES FACILITIES FOR ROMAN CATHOLIC RELIGIOUS WORSHIP, DOCTRINAL INSTRUCTION AND MORAL GUIDANCE. THESE FACILITIES INCLUDE CHAPELS, MEETING SPACE, RESIDENCES AND A RETREAT CENTER. TRIMOUNT FOUNDATION INC CURRENTLY OWNS FOUR REAL PROPERTIES IN THE US.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED FACILITIES FOR ROMAN CATHOLIC RELIGIOUS WORSHIP, DOCTRINAL INSTRUCTION AND MORAL GUIDANCE. THESE FACILITIES INCLUDE CHAPELS, RESIDENCES AND A RETREAT CENTER. TRIMOUNT FOUNDATION INC CURRENTLY OWNS FOUR REAL PROPERTIES IN THE US.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony M Mccarthy President | OfficerTrustee | 0.25 | $0 |
Michael A Coan Clerk | OfficerTrustee | 1 | $0 |
Maria Isabel Gomez Orellana Vice President | OfficerTrustee | 2 | $0 |
Arthur Kim C Rivera Treasurer | OfficerTrustee | 2 | $0 |
Maria Antonieta Varela Vice President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $204,521 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $204,521 |
| Total Program Service Revenue | $1,660 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,842,229 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,248,410 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $145,862 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $151,327 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,000 |
| Advertising and promotion | $0 |
| Office expenses | $20 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $49,260 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $23,318 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $51,836 |
| Insurance | $1,741 |
| All other expenses | $136 |
| Total functional expenses | $428,500 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,391,574 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,431,626 |
| Investments—publicly traded securities | $349,552 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,172,752 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $25,000 |
| Other liabilities | $0 |
| Total liabilities | $25,000 |
| Net assets without donor restrictions | $12,147,752 |
| Net assets with donor restrictions | $0 |
| 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 | $12,172,752 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Trimount Foundation Inc has recieved totaling $144,021.
| Awarding Organization | Amount |
|---|---|
Rosemoor Foundation Inc New York, NY PURPOSE: CAPITAL AND PROGRAM GRANTS | $144,021 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Young Mens And Young Womens Hebrew Association New York, NY | $131,039,386 | $88,362,629 |
Word Of Life Foundation Inc Schroon Lake, NY | $29,167,251 | $32,657,621 |
United States Catholic Conference Braintree, MA | $123,922,758 | $12,241,413 |
The Catholic Foundation Of Greater Philadelphia Philadelphia, PA | $44,939,432 | $23,307,616 |
Jewish Community Foundation Inc Cherry Hill, NJ | $42,600,461 | $8,752,647 |
Episcopal Church Foundation New York, NY | $650,053,865 | $6,623,247 |
American Friends Of Lev Aharon New York, NY | $614,615 | $3,691,815 |
Yaazoru Inc Lakewood, NJ | $191,815 | $3,860,512 |
Jewish Foundation Of Greater New Haven Inc Woodbridge, CT | $82,672,017 | $6,191,311 |
Toras Chesed Inc Lakewood, NJ | $1,591,221 | $3,876,581 |
American Baptist Foundation East Norriton, PA | $193,005,859 | $25,268,594 |
Friends Of Odyssey Impact Inc New York, NY | $9,035,601 | $1,158,270 |