Triton Foundation
- Assets
- $2.0m
- Revenue
- $49.3k
- Investments
- $2.0m
- Employees
- 0
- Location
- Yarmouth, ME
- Founding
- 07/1997
- Data as of
- 12/2021
- EIN
- 04-3366804
Organization Overview
Triton Foundation is located in Yarmouth, ME. The organization was established in 1997. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Triton 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, Triton Foundation generated $49.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (11.4%) each year. All expenses for the organization totaled $82.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Triton Foundation has awarded 138 individual grants totaling $334,900. 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 |
|---|---|---|---|
Gail Cinelli Secretary | 1 | $0 | |
Peter Cinelli President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $32,008 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $17,299 |
| Capital Gain Net Income | $17,299 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $49,307 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,400 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,760 |
| Contributions, gifts, grants paid | $80,500 |
| Total expenses and disbursements | $82,260 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,361 |
| 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 | $2,031,753 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $93,000 |
| 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 | $93,000 |
Grants Awarded
Over the last fiscal year, Triton Foundation has awarded $173,500 in support to 70 organizations.
| Grant Recipient | Amount |
|---|---|
SPANNOCCHIA FOUNDATION PURPOSE: GENERAL PURPOSES | $34,500 |
SPANNOCCHIA FDN PURPOSE: GENERAL PURPOSES | $32,000 |
JOHNS HOPKINS UNIVERSITY PURPOSE: GENERAL PURPOSES | $17,000 |
Augusta, ME PURPOSE: GENERAL PURPOSES | $10,000 |
JOHNS HOPKINS UNIVERSITY PURPOSE: GENERAL PURPOSES | $10,000 |
Augusta, ME PURPOSE: GENERAL PURPOSES | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northeast Delta Dental Foundation Inc Concord, NH | $10,988,991 | $2,407,669 |
Ggm Tr Harrisville, NH | $543,433 | $8,570 |
Triton Foundation Yarmouth, ME | $2,031,753 | $49,307 |
Frank B Walker Trust 5221-00-5 Bath, ME | $370,506 | $25,180 |
Perrault Family Trust Bedford, NH | $554,462 | $43,100 |