Triad Foundation Inc
- Assets
- $397.6m
- Revenue
- $55.7m
- Investments
- $393.5m
- Employees
- 0
- Location
- Ithaca, NY
- Founding
- 12/2002
- Data as of
- 12/2021
- EIN
- 30-0108102
Organization Overview
Triad Foundation Inc is located in Ithaca, NY. The organization was established in 2002. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Triad 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 12/2021, Triad Foundation Inc generated $55.7m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 73.6% each year . All expenses for the organization totaled $22.8m during the year ending 12/2021. While expenses have increased by 14.4% per year over the past 3 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roy H Park Jr Pres/chair | 20 | $201,550 | |
Elizabeth P Fowler Treas/prg Di | 28 | $122,000 | |
Roy H Park III Secy/prg Dir | 16 | $86,300 | |
Noble T Fowler Program Off | 12 | $57,550 | |
Laura S Park Program Off | 12 | $57,550 | |
Tetlow Park Program Off | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Principal | 12/30/22 | $63,366 |
Hirtle Callaghan | 12/30/22 | $482,232 |
Jw Burns & Co Inc | 12/30/22 | $213,855 |
Cliftonlarsonallen Llp | 12/30/22 | $58,410 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $16,883 |
| Interest on Savings | $0 |
| Dividends & Interest | $14,017,265 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $41,713,402 |
| Capital Gain Net Income | $38,291,254 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $55,747,550 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $526,162 |
| Other employee salaries and wages | $879,728 |
| Pension plans, employee benefits | $323,512 |
| Interest | $172 |
| Taxes | $1,769,988 |
| Depreciation | $29,493 |
| Occupancy | $8,122 |
| Travel, conferences, and meetings | $205,861 |
| Printing and publications | $2,604 |
| Other expenses | $155,577 |
| Total operating and administrative expenses | $7,257,292 |
| Contributions, gifts, grants paid | $15,519,780 |
| Total expenses and disbursements | $22,777,072 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,857,250 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $32,000 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $393,502,134 |
| Net Land, buildings, and equipment | $1,223,216 |
| Other assets | $0 |
| Total assets | $397,614,600 |
| Accounts payable and accrued expenses | $224,461 |
| Grants payable | $8,648,170 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $2,470,224 |
| Total liabilities | $11,342,855 |