Trimix Foundation
- Assets
- $43.0m
- Revenue
- $1.9m
- Investments
- $13.4m
- Employees
- 0
- Location
- Providence, RI
- Founding
- 05/1997
- Data as of
- 12/2021
- EIN
- 05-0494244
Organization Overview
Trimix Foundation is located in Providence, RI. The organization was established in 1997. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trimix 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 12/2021, Trimix Foundation generated $1.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (40.0%) each year. All expenses for the organization totaled $3.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Trimix Foundation has awarded 75 individual grants totaling $6,585,218. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
EXPENDITURES MADE IN FURTHERANCE OF TRIMIX FOUNDATION'S EXEMPT PURPOSES, INCLUDING EFFORTS TO IMPROVE AND EXPAND QUALITY HOUSING FOR RESIDENTS IN LOW-INCOME COMMUNITIES AND TO REVERSE COMMUNITY DETERIORATION AND URBAN BLIGHT IN BERKSHIRE COUNTY, MASSACHUSETTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David P Mixer Director/vice President | 1 | $0 | |
Brian Mixer Director | 1 | $0 | |
Mark Mixer Director | 1 | $0 | |
Michael Mixer Director | 1 | $0 | |
Gail S Mixer Director/president | 1 | $0 | |
Matthew A Thibault Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $289,216 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,488,243 |
| Capital Gain Net Income | $1,488,243 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $160,219 |
| Total Revenue | $1,937,678 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $112,988 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $152,892 |
| Total operating and administrative expenses | $583,471 |
| Contributions, gifts, grants paid | $2,529,868 |
| Total expenses and disbursements | $3,113,339 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,287,774 |
| Savings and temporary cash investments | $108,174 |
| Net Accounts receivable | $1,905 |
| 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 | $8,788,658 |
| Net Land, buildings, and equipment | $894,620 |
| Other assets | $27,332,877 |
| Total assets | $43,016,864 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,810 |
| Total liabilities | $1,810 |
Grants Awarded
Over the last fiscal year, Trimix Foundation has awarded $2,529,868 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
Providence, RI PURPOSE: COVID-19 PROGRAMS | $1,358,493 |
UNION COLLEGE PURPOSE: SCIENCE AND TECHNOLOGY BUILDING | $600,000 |
EDUCATE TOMORROW PURPOSE: GENERAL OPERATIONS, ANNUAL GALA, SUMMER PROGRAMMING, K-12 INDIVIDUALIZED EDUCATION PROGRAMS | $110,000 |
Miami Lakes, FL PURPOSE: CHARITABLE PURPOSE | $100,000 |
THE SAN MIGUEL SCHOOL PURPOSE: GRADUATE SUPPORT PROGRAM, STUDENT SPONSORSHIP | $67,500 |
CITY YEAR PURPOSE: PLEASANT VIEW ELEMENTARY SCHOOL | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eastern Bank Charitable Foundation Lynn, MA | $286,575,476 | $18,352,628 |
Elms Foundation Providence, RI | $0 | -$22,907 |
Newmans Own Foundation Westport, CT | $226,904,846 | $19,666,525 |
Growald Climate Fund Inc Brookline, MA | $40,583,150 | $39,346,635 |
Peter And Ann Lambertus Family Foundation Inc Boston, MA | $280,283,227 | $22,807 |
F B Heron Foundation New Milford, CT | $412,823,233 | $28,288,660 |
Ralph R Papitto And Barbara A Papitto Private Family Foundation Hope, RI | $20,164,629 | $44,911,185 |
Diebold Foundation Inc Roxbury, CT | $15,650,779 | $11,297,446 |
Schooner Foundation Boston, MA | $234,086,951 | $101,845,887 |
Amelia Peabody Foundation Wellesley, MA | $142,407,971 | $16,470,894 |
Crimson Lion Foundation Boston, MA | $63,778,253 | $10,788,706 |
Hassenfeld Foundation Providence, RI | $69,706,667 | $3,941,296 |