Trickle Up Program Inc
- Assets
- $8.8m
- Revenue
- $6.3m
- Investments
- $107.8k
- Employees
- 25
- Location
- New York, NY
- Founding
- 06/1981
- Data as of
- 08/2023
- EIN
- 06-1043042
Organization Overview
Trickle Up Program Inc is located in New York, NY. The organization was established in 1981. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 08/2023, Trickle Up Program Inc employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trickle Up Program 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 08/2023, Trickle Up Program Inc generated $6.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $5.5m during the year ending 08/2023. While expenses have increased by 6.7% 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
TO BRING BREAKTHROUGH OPPORTUNITIES TO THE WORLD'S POOREST AND MOST VULNERABLE PEOPLE
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRICKLE UP'S PROGRAMS IN INDIA CONNECT MARKETS TO ALLOW WOMEN TO ACCESS GREATER POTENTIAL FOR GROWTH AND HIGHER SUSTAINED INCOMES FROM THEIR LIVELIHOODS ULTIMATELY HELPING THEM MOVE FROM LOW-RISK, LOW-RETURN ACTIVITIES INTO HIGHER-RETURN ENTERPRISES, AND BUILD RESILIENCE TO ECONOMIC SHOCKS. TRICKLE WORKS WITH LOCAL PARTNERS (22) AND REGIONAL GOVERNMENTS IN THE STATES OF ORRISA, JHARKAND AND WEST BENGAL PROVIDING MORE THAN 19,316 PARTICIPANTS WITH SERVICES, SUPPORT A TOTAL OF 96,580 WHEN YOU CONSIDER AN AVERAGE FAMILY SIZE.
OTHER PROGRAMS
TRICKLE UP JOINED FORCES WITH FOUR MUNICIPAL PARTNERS TO INSTITUTIONALIZE ECONOMIC AND SOCIAL SUPPORT POLICIES TO ADDRESS EXTREME POVERTY IN GUATEMALA, MEXICO AND COLOMBIA. OUR LATIN AMERICA PROJECTS CONNECTED PARTICIPANTS TO EXISTING BUT YET UNTAPPED PUBLIC SOCIAL PROGRAMS. TRICKLE WORKS WITH LOCAL PARTNERS (9) AND LOCAL GOVERNMENTS (5) IN THE GUATEMALA AND COLOMBIA AND IN THE MEXICAN STATES OF CHIAPAS, OAXACA AND YUCATAN PROVIDING MORE THAN 5,659 PARTICIPANTS WITH SERVICES, SUPPORT A TOTAL OF 28,295 INDIVIDUALS WHEN YOU CONSIDER AN AVERAGE FAMILY SIZE.
TRICKLE UP PROVIDES TECHNICAL ASSISTANCE TO POPULATIONS AFFECTED BY DISPLACEMENT, WORKING IN PARTNERSHIP WITH INTERNATIONAL NGOS (13) IN UGANDA, KENYA, AND COLOMBIA, TO LEAD POPULATIONS THESE ORGANIZATIONS WORK WITH ON THEIR PATHWAYS TOWARD SELF-RELIANCE AND RESILIENCE. OUR TEAM PROVIDES TECHNICAL ASSISTANCE TO PROGRAMS IN THE BEST PRACTICE FOR MOVING AFFECTED POPULATIONS OUT OF EXTREME POVERTY, PROVIDING SERVICES TO 7,199 PARTICIPANTS SUPPORTING 35,995 INDIVIDUALS IF YOU CONSIDER AVERAGE FAMILY SIZE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Penelope D Foley Board Chair | OfficerTrustee | 2 | $0 |
Frank Degiovanni Vice Chair; Chair, Program Committee | OfficerTrustee | 1 | $0 |
Nicholas Gabriel Treasurer/chair, Finance Committee | OfficerTrustee | 1 | $0 |
William Best Board Member | Trustee | 1 | $0 |
Joyce Chang Board Member | Trustee | 1 | $0 |
Kathleen A Donovan Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $665,446 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,237,626 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,903,072 |
| Total Program Service Revenue | $0 |
| Investment income | $175,390 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $184,932 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,266,801 |
| 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 | $785,221 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $428,320 |
| Compensation of current officers, directors, key employees. | $72,293 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,024,370 |
| Pension plan accruals and contributions | $105,061 |
| Other employee benefits | $430,152 |
| Payroll taxes | $142,535 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,218 |
| Fees for services: Accounting | $45,833 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $932 |
| Fees for services: Other | $575,615 |
| Advertising and promotion | $52,496 |
| Office expenses | $75,296 |
| Information technology | $114,193 |
| Royalties | $0 |
| Occupancy | $164,418 |
| Travel | $302,111 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $64,963 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $29,229 |
| All other expenses | $91,356 |
| Total functional expenses | $5,515,712 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $666,413 |
| Savings and temporary cash investments | $2,744,442 |
| Pledges and grants receivable | $532,571 |
| Accounts receivable, net | $417,196 |
| 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 | $58,495 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $4,253,470 |
| Investments—other securities | $107,807 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $21,711 |
| Total assets | $8,802,105 |
| Accounts payable and accrued expenses | $466,629 |
| 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 | $0 |
| Other liabilities | $254,800 |
| Total liabilities | $721,429 |
| Net assets without donor restrictions | $3,232,628 |
| Net assets with donor restrictions | $4,848,048 |
| 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 | $8,802,105 |