Triple T Foundation
- Assets
- $17.3m
- Revenue
- $1.9m
- Investments
- $16.7m
- Employees
- 0
- Location
- Chardon, OH
- Founding
- 11/1995
- Data as of
- 12/2023
- EIN
- 34-1811968
Organization Overview
Triple T Foundation is located in Chardon, OH. The organization was established in 1995. 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. Triple T Foundation 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 12/2023, Triple T Foundation generated $1.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (41.8%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Triple T Foundation has awarded 509 individual grants totaling $4,998,952. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alison Jones Co-Trustee | 1 | $0 | |
Warren Jones Co-Trustee | 1 | $0 | |
Edith Bastian Co-Trustee | 1 | $0 | |
Ellen Nordell Co-Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $266,452 |
| Interest on Savings | $37,701 |
| Dividends & Interest | $666,913 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $920,863 |
| Capital Gain Net Income | $920,863 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,304 |
| Total Revenue | $1,896,233 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,431 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $203,899 |
| Contributions, gifts, grants paid | $1,757,384 |
| Total expenses and disbursements | $1,961,283 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $171,799 |
| Savings and temporary cash investments | $456,719 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $7,170,108 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $17,281,457 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Triple T Foundation has awarded $1,757,384 in support to 152 organizations.
| Grant Recipient | Amount |
|---|---|
ACTION AGAINST HUNGER PURPOSE: GENERAL PURPOSES | $5,000 |
ALL SAINTS PARISH PURPOSE: GENERAL PURPOSES | $500 |
ADVANTAGECLE TENNIS AND EDUCATION INC PURPOSE: GENERAL PURPOSES | $500 |
AMERICAN CIVIL LIBERTIES UNION FOUNDATION PURPOSE: GENERAL PURPOSES | $550 |
AMERICAN REPERTORY THEATER PURPOSE: GENERAL PURPOSES | $1,000 |
AMERICARES PURPOSE: GENERAL PURPOSES | $10,000 |