Trinity Foundation
- Assets
- $2.4m
- Revenue
- $88.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 12/1981
- Data as of
- 12/2021
- EIN
- 54-6126470
Organization Overview
Trinity Foundation is located in Richmond, VA. The organization was established in 1981. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trinity 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 12/2021, Trinity Foundation generated $88.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $100.3k during the year ending 12/2021. While expenses have increased by 7.6% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO MANAGE FUNDS CONTRIBUTED AS MEMORIALS AND ADMINISTER GRANTS TO SUPPORT MISSIONS AND A VARIETY OF CHURCH NEEDS AND ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO GRANT ASSISTANCE TO TRINITY UNITED METHODIST CHURCH PROGRAMS INCLUDING MISSION TEAMS, PUBLIC FORUM AND STAFF DEVELOPMENT.
TO PROVIDE COLLEGIATE AND VOCATIONAL SCHOLARSHIPS TO CHURCH MEMBERS.
TO PERFORM COMMUNITY MISSIONS, OUTREACH INCLUDING CROSSOVER, VIP CARE AND CHAPLAINCY SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kirk Spitzer Vice Preside | OfficerTrustee | 0.25 | $0 |
Brian Ford President | OfficerTrustee | 0.25 | $0 |
Rachen Sterling Secretary | OfficerTrustee | 0.25 | $0 |
Diana Avery Director | Trustee | 0.25 | $0 |
Corey Booker Director | Trustee | 0.25 | $0 |
Jonathan Hawes Director | Trustee | 0.25 | $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 | $24,903 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,903 |
| Total Program Service Revenue | $0 |
| Investment income | $43,653 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $19,938 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $88,494 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $67,000 |
| Grants and other assistance to domestic individuals. | $9,967 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| 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 | $21,723 |
| Fees for services: Other | $1,591 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Total functional expenses | $100,281 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,654 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,374,303 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,416,957 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $2,416,957 |
| Total liabilities and net assets/fund balances | $2,416,957 |
Grants Awarded
Over the last fiscal year, Trinity Foundation has awarded $62,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TRINITY UNITED METHODIST CHURCH PURPOSE: SUPPORT CHURCH MISSI | $54,500 |
Richmond, VA PURPOSE: COMMUNITY OUTREACH | $7,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Trinity Foundation has recieved totaling $13,000.
| Awarding Organization | Amount |
|---|---|
The Suhor-Graham Foundation Henrico, VA PURPOSE: FURTHERANCE OF CHARITABLE AND EDUCATIONAL PURSUITS. | $13,000 |
Endowment Analysis
| Beg. Balance | $2,145,902 |
| Earnings | $54,201 |
| Net Contributions | $6,186 |
| Grants | $41,501 |
| Ending Balance | $2,164,788 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
World Help Forest, VA | $11,135,096 | $40,493,708 |
Corporate Chaplains Of America Inc Wake Forest, NC | $14,993,771 | $19,711,827 |
Choice Books Of Northern Virginia Inc Bristow, VA | $30,496,266 | $18,835,763 |
Joint Aid Management Washington, DC | $746,764 | $14,702,645 |
Reaching Unreached Nations Inc Virginia Beach, VA | $5,800,346 | $15,911,313 |
Precept Ministries Of Reach Out Inc Chattanooga, TN | $10,987,140 | $15,669,576 |
Lake Junaluska Assembly Inc Lake Junaluska, NC | $31,377,440 | $12,754,761 |
Holy Angels Inc Belmont, NC | $12,927,862 | $9,334,354 |
Physician Assistant Education Association Washington, DC | $20,449,567 | $13,289,693 |
Joshua Fund McLean, VA | $5,014,805 | $7,059,858 |
Proverbs 31 Ministry Inc Matthews, NC | $13,247,275 | $7,018,606 |
Sojourners Washington, DC | $8,156,798 | $7,188,761 |