Tricycle Foundation Inc

Organization Overview

Tricycle Foundation Inc is located in New York, NY. The organization was established in 1991. As of 09/2022, Tricycle Foundation Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tricycle 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 09/2022, Tricycle Foundation Inc generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $2.9m during the year ending 09/2022. While expenses have increased by 9.4% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

PUBLICATION AND DISTRIBUTION OF AN EDUCATONAL MAGAZINE AND WEBSITE "TRICYCLE", WHICH EQUATES AND ILLUSTRATES TO ITS READERS THE VARIOUS SUBJECTS OF THE BUDDHIST RELIGION AND CULTURE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TRICYCLE ENDED FISCAL 2022 WITH ONGOING INVESTMENTS IN STAFF AND TECHNOLOGY THAT CONTINUE TO DRIVE THE ORGANIZATION'S SUCCESS. THE YEAR SAW THE LAUNCH OF TRICYCLE'S DAILY DHARMA APP, BUILT ON THE POPULARITY OF ITS EPONYMOUS DAILY NEWSLETTER; THE IMPLEMENTATION OF CUTTING-EDGE MARKETING SOFTWARE; AND INVESTMENT IN A GROWING AND INCREASINGLY PRODUCTIVE STAFF. TRICYCLE CONTINUES TO DEVELOP ITS FREE OFFERINGS, MOST NOTABLY ITS BUDDHISM FOR BEGINNERS MICROSITE; ITS ONLINE-LEARNING SCHOLARSHIPS; ITS PODCASTS, TRICYCLE TALKS AND LIFE AS IT IS; AND FREE NEWSLETTERS. TRICYCLE HAS ALSO EXPANDED ITS PAID OFFERINGS TO INCLUDE A HIGHER-VALUE "PREMIUM SUBSCRIPTION," WHICH HAS BUILT MOMENTUM THROUGH 2022. THE ORGANIZATION HAS GROWN OVER THE YEARS WITH THE HELP OF INNOVATIVE PARTNERSHIPS, AND THIS YEAR WAS NO EXCEPTION. PARTNERING WITH THE UNIVERSITY OF PORTLAND'S BUSINESS SCHOOL, THE PUBLISHING STAFF WORKED WITH MBA CANDIDATES TO STREAMLINE TRICYCLE.ORG'S ONLINE USER EXPERIENCE. GATHERING USEFUL INSIGHTS FROM A TEAM THAT PROVIDED AN AUDIT OF TRICYCLES WEB AND MOBILE EXPERIENCE, EMAIL MARKETING, AND SOCIAL MEDIA, THE PROJECT YIELDED INNOVATIVE STRATEGIES FOR AUDIENCE DEVELOPMENT.TRICYCLE REMAINS GRATEFUL TO ITS MANY GENEROUS DONORS, WHOSE PARTNERSHIP WITH THE MAGAZINE DATES TO ITS BEGINNINGS. IN 2022, THE ORGANIZATION'S DONOR BASE CONTINUED TO GROW, WITH CONTRIBUTED REVENUE TOPPING PAST YEARS' PERFORMANCE. THE GENEROSITY OF TRICYCLE'S READERSHIP CONTINUES TO ENABLE THE ORGANIZATION TO ADVANCE ITS MISSION TO MAKE BUDDHIST TEACHINGS WIDELY AVAILABLE. THE SUPPORT OF THE READERSHIP HAS BEEN, AND REMAINS, THE ORGANIZATION'S GREATEST ASSET.


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Board, Officers & Key Employees

Name (title)Compensation
James Shaheen
President
$222,499
Samuel Mowe
$107,500
Mayree Clark
Chair
$0
Werner Doyle
Trustee
$0
Helen Tworkov
Trustee
$0
Christopher Crevier
Trustee
$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$481,202
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$481,202
Total Program Service Revenue$2,733,883
Investment income $10,872
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,225,957

Grants Recieved

Over the last fiscal year, we have identified 12 grants that Tricycle Foundation Inc has recieved totaling $101,527.

Awarding OrganizationAmount
American Endowment Foundation

Hudson, OH

PURPOSE: RELIGION

$30,400
Shared Earth Foundation

Chestertown, MD

PURPOSE: CELEBRATING THE 30TH ANNIVERSARY OF THIS BUDDHIST PUBLICATION, INCLUDING MAGAZINE, PODCASTS, LIVE VIRTUAL EVENTS AND LINKS TO OTHER BUDDHIST ORGANIZATIONS AND COURSES.

$30,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: ARTS, CULTURE & HUMANITIES

$11,950
Morgan Stanley Global Impact Funding Trust Inc

Indianapolis, IN

PURPOSE: UNRESTRICTED GENERAL SUPPORT

$10,000
Silverleaf Foundation Inc

New Canaan, CT

PURPOSE: GENERAL

$10,000
Raymond James Charitable Endowment Fund

St Petersberg, FL

PURPOSE: GENERAL SUPPORT

$5,500
View Grant Recipient Profile

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