Trusteeship Institute Inc
- Assets
- $471.7k
- Revenue
- $319.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Shutesbury, MA
- Founding
- 10/2011
- Data as of
- 02/2022
- 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 02/2022, Trusteeship Institute Inc generated $319.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.4% each year . All expenses for the organization totaled $440.0k during the year ending 02/2022. While expenses have increased by 30.6% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FUNDING FOR AN ORPHANAGE IN HAITI, TRUST FUNDS FOR CHILDREN, WRITING BOOKS, SUPPORT FOR UN GOALS, COMMUNITY BUILDING, AND PROVIDE EDUCATIONAL PODCASTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HAITI ORPHANAGE PROJECT - WE PROVIDE DAILY FOOD, MEDICAL, AND NEARLY ALL OTHER NEEDS OF THE FOYER EVANGELIQUE ORPHANAGE IN HAITI DIRECTED BY PASTOR DUCKENS.
LENR PROOF PROJECT - RESEARCH TO PROVE THAT COLD FUSION IS POSSIBLE.
EDUCATIONAL BOOKS ON PERSONAL GROWTH - TERRY MOLLNER, THE CHAIR, HAS FINISHED THE BOOK 'SENSATION OF ONENESS'.
GOAL 17 FOUNDATION - CREATING PODCASTS FOR NON-PROFITS DURING COVID.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry Mollner Board Chair & Exec. Dir. | OfficerTrustee | 0 | $0 |
John Broucek Treasurer | OfficerTrustee | 0 | $0 |
Peter Corbett Secretary | OfficerTrustee | 0 | $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 | $275,943 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $275,943 |
| Total Program Service Revenue | $0 |
| Investment income | $2,476 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $36,363 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $319,079 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $45,491 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $151,891 |
| 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 | $3,938 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $224,607 |
| Advertising and promotion | $0 |
| Office expenses | $10,737 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $121 |
| Travel | $1,241 |
| 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 | $0 |
| All other expenses | $1,932 |
| Total functional expenses | $439,958 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $80,426 |
| Savings and temporary cash investments | $53,232 |
| 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 | $7,500 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,720 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $323,863 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $471,741 |
| Accounts payable and accrued expenses | $0 |
| 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 | $23,000 |
| Other liabilities | $0 |
| Total liabilities | $23,000 |
| Net assets without donor restrictions | $448,741 |
| 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 | $471,741 |
Grants Awarded
Over the last fiscal year, Trusteeship Institute Inc has awarded $86,415 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
VARIOUS ORGANIZATIONS PURPOSE: CHARITABLE PURPOSES | $61,415 |
Boston, MA PURPOSE: CHARITABLE PURPOSES | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Trusteeship Institute Inc has recieved totaling $55,136.
| Awarding Organization | Amount |
|---|---|
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $35,131 |
American Endowment Foundation Hudson, OH PURPOSE: HUMAN SERVICE | $20,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
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Support-Link Inc Queensbury, NY | $1,296,212 | $2,954,420 |
Kingston Self-Help Center Inc Dba Peoples Place Kingston, NY | $3,102,092 | $3,078,211 |
Hope And Comfort Inc Needham, MA | $3,400,623 | $3,501,015 |