Trusteeship Institute Inc
- Assets
- $7.9m
- Revenue
- $8.3m
- Investments
- $7.5m
- Employees
- 0
- Location
- Shutesbury, MA
- Founding
- 10/2011
- Data as of
- 02/2023
- EIN
- 27-4034763
Organization Overview
Trusteeship Institute Inc is located in Shutesbury, MA. The organization was established in 2011. According to its NTEE Classification (P50) the organization is classified as: Personal Social Services, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trusteeship Institute 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 02/2023, Trusteeship Institute Inc generated $8.3m in total revenue. All expenses for the organization totaled $725.7k during the year ending 02/2023. While expenses have increased by 29.5% per year over the past 4 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
PROVIDE FUNDING FOR AN ORPHANAGE IN HAITI, TRUST FUNDS FOR CHILDREN, WRITTING BOOKS, SUPPORT FOR UN GOALS, COMMUNITY BUILDING, AND PROVIDE EDUCATIONAL PODCASTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HAITI ORPHANAGE PROJECT - PROVIDE DAILY FOOD, MEDICAL, AND OTHER NEEDS OF THE FOYER EVANGELIQUE ORPHANAGE IN DIRECTED BY PASTOR DUCKENS.
LENR PROOF PROJECT - RESEARCH TO PROVE THAT COLD FUSION IS POSSIBLE
EDUCATIONAL BOOKS ON PERSONAL GROWTH - TERRY MOLNER, THE CHAIR HAS FINISHED THE BOOK "SENSATION OF ONENESS".
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry Mollner President | OfficerTrustee | 5 | $0 |
John Broucek Treasurer | OfficerTrustee | 1 | $0 |
Peter Corbett Secretary | OfficerTrustee | 1 | $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 | $5,698,763 |
| Noncash contributions included in lines 1a–1f | $5,018,300 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,698,763 |
| Total Program Service Revenue | $113 |
| Investment income | $87,541 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,516,168 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,302,585 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $431,027 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $195,572 |
| 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 | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $13,780 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $694 |
| Travel | $7,670 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,347 |
| All other expenses | $0 |
| Total functional expenses | $725,658 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $136,198 |
| 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 | $19,675 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $10,228 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $247,655 |
| Investments—other securities | $7,512,619 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,926,375 |
| Accounts payable and accrued expenses | $1,301 |
| 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 | $0 |
| Total liabilities | $1,301 |
| Net assets without donor restrictions | $7,925,074 |
| 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 | $7,926,375 |
Grants Awarded
Over the last fiscal year, Trusteeship Institute Inc has awarded $431,027 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ARJUNA SOLUTIONS INC PURPOSE: CHARITABLE PURPOSES | $236,216 |
KINSHIP EARTH PURPOSE: CHARITABLE PURPOSES | $194,811 |