Triform Enterprises Limited
- Assets
- $12.5m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 38
- Location
- Hudson, NY
- Founding
- 03/1978
- Data as of
- 06/2022
- EIN
- 22-2186872
Organization Overview
Triform Enterprises Limited is located in Hudson, NY. The organization was established in 1978. According to its NTEE Classification (J33) the organization is classified as: Sheltered Employment, under the broad grouping of Employment and related organizations. As of 06/2022, Triform Enterprises Limited employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Triform Enterprises Limited 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 06/2022, Triform Enterprises Limited generated $3.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.0%) each year. All expenses for the organization totaled $3.6m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TRIFORM ENTERPRISES OPERATES A RESIDENTIAL THERAPEUTIC AND VOCATIONAL TRAINING COMMUNITY FOR YOUNG ADULTS WITH DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE RESIDENTIAL PROGRAM IS CERTIFIED AND LICENSED BY THE NEW YORK STATE OFFICE FOR PEOPLE WITH DEVELOPMENTAL DISABILITIES (OPWDD) AS A PRIVATE-PAY PROGRAM. THE PROGRAM INCLUDES THE COSTS DIRECTLY RELATED TO THE CARE OF THE PHYSICALLY AND MENTALLY CHALLENGED RESIDENTS OF THE COMMUNITY AND THE CO-WORKERS WHO ASSIST IN THE OPERATION OF THE WORKSHOPS, FARM AND GARDEN, AND OTHER OPERATIONS OF THE ORGANIZATION.
THE DAY HABILITATION PROGRAM IS CERTIFIED BY NEW YORK STATE OFFICE FOR PEOPLE WITH DEVELOPMENTAL DISABILITIES (OPWDD) WITH COSTS COVERED BY NEW YORK STATE MEDICAID. THE QUALITY CURRICULUM FOCUSES UPON YOUNG ADULTS, AGED 18 THROUGH 28, AS THEY EMERGE FROM THE TEENAGE YEARS INTO FULL ADULTHOOD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Steen Trustee | Trustee | 40 | $43,417 |
Akiko Suesada Trustee | Trustee | 40 | $34,403 |
Rebecca Bissonnette Secretary | OfficerTrustee | 40 | $33,274 |
Carol Fernandez Vice Chairperson | OfficerTrustee | 2 | $0 |
Reed Wilson Treasurer | OfficerTrustee | 2 | $0 |
Anne Bailey Chairperson | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $75,745 |
| Related organizations | $244,343 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $486,882 |
| Noncash contributions included in lines 1a–1f | $36,710 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $806,970 |
| Total Program Service Revenue | $2,640,521 |
| Investment income | $5,367 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $300 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $5,500 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,458,658 |
| 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 | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $111,094 |
| Compensation of current officers, directors, key employees. | $44,438 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,097,184 |
| Pension plan accruals and contributions | $55,800 |
| Other employee benefits | $306,478 |
| Payroll taxes | $87,753 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $70,709 |
| 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 | $12,823 |
| Advertising and promotion | $0 |
| Office expenses | $47,516 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $83,289 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $21,216 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $609,517 |
| Insurance | $96,068 |
| All other expenses | $348,351 |
| Total functional expenses | $3,565,202 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $528,320 |
| Savings and temporary cash investments | $40,043 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $193,677 |
| 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 | $51,936 |
| Net Land, buildings, and equipment | $11,345,639 |
| Investments—publicly traded securities | $285,245 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $27,431 |
| Total assets | $12,472,291 |
| Accounts payable and accrued expenses | $193,527 |
| Grants payable | $0 |
| Deferred revenue | $4,444 |
| 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 | $1,259,534 |
| Total liabilities | $1,457,505 |
| Net assets without donor restrictions | $10,872,290 |
| Net assets with donor restrictions | $142,496 |
| 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 | $12,472,291 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Triform Enterprises Limited has recieved totaling $121,163.
| Awarding Organization | Amount |
|---|---|
Frontstream Global Fund Alexandria, VA PURPOSE: Use by the organization's general fund | $62,618 |
Heather And Robert Keane Familyfoundation Inc Boston, MA PURPOSE: CHARITABLE MISSION | $50,000 |
Tulsa Community Foundation Tulsa, OK PURPOSE: GENERAL OPERATIONS | $8,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $545 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Human Technologies Corporation Utica, NY | $23,670,798 | $21,526,273 |
J M Murray Center Inc Cortland, NY | $15,884,955 | $15,927,210 |
Cambria County Association For The Blind & Handicapped Inc Johnstown, PA | $104,936,762 | $37,191,994 |
People Inc Williamsville, NY | $7,369,962 | $11,056,256 |
Oswego Industries Inc Fulton, NY | $4,770,694 | $6,301,381 |
Ari Of Connecticut Inc Stamford, CT | $4,205,582 | $6,510,135 |
Abilities Of Northwest Jersey Inc Washington, NJ | $8,171,215 | $5,444,167 |
Lark Enterprises Inc New Castle, PA | $2,089,154 | $5,664,485 |
Spectrum Designs Foundation Ltd Port Washington, NY | $6,618,337 | $6,742,089 |
Career Resources Corp Haverhill, MA | $5,214,556 | $4,441,161 |
Workshop Inc Menands, NY | $3,888,249 | $4,869,507 |
Grow Associates Inc Randolph, MA | $11,859,296 | $4,151,942 |