Tri-Town Medical Foundation Inc
- Assets
- $250.4k
- Revenue
- $4.6k
- Investments
- $245.2k
- Employees
- 0
- Location
- Jay, ME
- Founding
- 04/1980
- Data as of
- 06/2023
- EIN
- 01-0366975
Organization Overview
Tri-Town Medical Foundation Inc is located in Jay, ME. The organization was established in 1980. 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. Tri-Town Medical 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 06/2023, Tri-Town Medical Foundation Inc generated $4.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $17.9k during the year ending 06/2023. While expenses have increased by 0.5% per year over the past 8 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.
Since 2015, Tri-Town Medical Foundation Inc has awarded 44 individual grants totaling $108,750. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Knight President/di | 0 | $0 | |
Norman St Pierre Treasurer/di | 0 | $0 | |
Theresa Timberlake Secretary/di | 0 | $0 | |
Mary Hayford Director | 0 | $0 | |
Michele Knapp Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,866 |
| Dividends & Interest | $7,168 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,437 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,597 |
| 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 | $2,514 |
| Total operating and administrative expenses | $3,624 |
| Contributions, gifts, grants paid | $14,250 |
| Total expenses and disbursements | $17,874 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,261 |
| 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 | $245,153 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $250,414 |
| 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, Tri-Town Medical Foundation Inc has awarded $14,250 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF NEW ENGLAND PURPOSE: SCHOLARSHIP | $5,750 |
ME COLLEGE OF HEALTH PROFESSIONALS PURPOSE: SCHOLARSHIP | $1,500 |
UNIVERSITY OF MAINE PURPOSE: SCHOLARSHIP | $2,750 |
ST JOSEPHS COLLEGE PURPOSE: SCHOLARSHIP | $1,500 |
UNIVERSITY OF NEW HAMPSHIRE PURPOSE: SCHOLARSHIP | $2,750 |