Trunk Is Up Inc
- Assets
- $3.9m
- Revenue
- $4.8m
- Investments
- $1.0m
- Employees
- 0
- Location
- New York, NY
- Founding
- Data as of
- 12/2021
- EIN
- 85-2520473
Organization Overview
Trunk Is Up Inc is located in New York, NY. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Trunk Is Up 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, Trunk Is Up Inc generated $4.8m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 52.3% each year . All expenses for the organization totaled $54.6k during the year ending 12/2021. While expenses have increased by 47.8% per year over the past 2 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 |
|---|---|---|---|
Keith Hamlin Vice-Pres/sec'y As Req'd | 0 | $0 | |
Caroline Manocherian Pres/treas. As Req'd | 0 | $0 | |
John F Manocherian Vice-Pres. As Req'd | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,053,516 |
| Interest on Savings | $0 |
| Dividends & Interest | $24,858 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,689,205 |
| Capital Gain Net Income | $1,689,205 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,767,579 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13,750 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,134 |
| Total operating and administrative expenses | $17,603 |
| Contributions, gifts, grants paid | $37,000 |
| Total expenses and disbursements | $54,603 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,855,885 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $11,249 |
| Total assets | $3,908,593 |
| 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, Trunk Is Up Inc has awarded $37,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: GENERAL CONTRIBUTION | $10,000 |
South Salem, NY PURPOSE: GENERAL CONTRIBUTION | $7,000 |
BEDFORD POLICE DEPARTMENT PURPOSE: GENERAL CONTRIBUTION | $5,000 |
New York, NY PURPOSE: GENERAL CONTRIBUTION | $5,000 |
Brooklyn, NY PURPOSE: GENERAL CONTRIBUTION | $5,000 |
Bedford Hills, NY PURPOSE: GENERAL CONTRIBUTION | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Peter Schub Foundation New York, NY | $153,451 | $8,498,000 |
Queens College Special Projects Fund Inc Flushing, NY | $53,656,603 | $7,071,081 |
Global Impact Investing Network Inc New York, NY | $6,619,298 | $6,380,097 |
Fannie E Rippel Foundation Morristown, NJ | $0 | $6,091,281 |
Concrete Foundation Inc Craftsbury Common, VT | $101,088,945 | $16,269,821 |
Tapfound Inc New York, NY | $4,933,878 | $7,053,619 |
Chief Executives For Corporate Purpose Inc New York, NY | $5,985,740 | $5,961,385 |
Sovereign Military Hospitaller Order Of St John Of Jerusalem Of New York, NY | $5,131,952 | $5,108,487 |
Magaro Family Foundation Inc Danbury, CT | $30,477,702 | $229,929 |
Hands In Service Incorporated Sellersville, PA | $413,502 | $4,515,148 |
Datakind Brooklyn, NY | $7,052,955 | $2,773,630 |
Montshire Museum Of Science Norwich, VT | $18,203,770 | $4,178,719 |