Train Of Thought Project
- Assets
- $70.2k
- Revenue
- $123.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Goreville, IL
- Founding
- Data as of
- 06/2024
- EIN
- 88-4411625
Organization Overview
Train Of Thought Project is located in Goreville, IL. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Train Of Thought Project 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 06/2024, Train Of Thought Project generated $123.9k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 55.8% each year . All expenses for the organization totaled $93.1k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2023, Train Of Thought Project has awarded 25 individual grants totaling $104,579. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE FINANCIAL RESOURCES FOR EDUCATION, HOUSING AND MEDICAL ASSISTANCE TO NEEDY CHILDREN AND THEIR FAMILIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Trainor President | 20 | $0 | |
Paul Trainor V President | 5 | $0 | |
Amy Parrish Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $122,000 |
| Interest on Savings | $1,857 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $123,857 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $24 |
| Total operating and administrative expenses | $24 |
| Contributions, gifts, grants paid | $93,079 |
| Total expenses and disbursements | $93,103 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $70,161 |
| 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 | $0 |
| Total assets | $70,161 |
| 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, Train Of Thought Project has awarded $93,079 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
CARMEN RENAUD PURPOSE: FINANCIAL ASSISTANCE | $2,500 |
TIM RICHIE PURPOSE: FINANCIAL ASSISTANCE | $1,500 |
GOREVILLE FCA PURPOSE: FINANCIAL ASSISTANCE | $1,000 |
BLESSINGS IN A BACKPACK PURPOSE: FINANCIAL ASSISTANCE | $10,000 |
GOREVILLE PTO PURPOSE: FINANCIAL ASSISTANCE | $1,000 |
CAMP ONDESSONK PURPOSE: FINANCIAL ASSISTANCE | $30,000 |