Trimix Foundation
- Assets
- $43.1m
- Revenue
- $2.7m
- Investments
- $8.8m
- Employees
- 0
- Location
- Providence, RI
- Founding
- 05/1997
- Data as of
- 12/2022
- EIN
- 05-0494244
Organization Overview
Trimix Foundation is located in Providence, RI. The organization was established in 1997. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, 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. Trimix 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 12/2022, Trimix Foundation generated $2.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (25.7%) each year. All expenses for the organization totaled $2.8m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Trimix Foundation has awarded 84 individual grants totaling $8,860,016. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
EXPENDITURES MADE IN FURTHERANCE OF TRIMIX FOUNDATION'S EXEMPT PURPOSES, INCLUDING EFFORTS TO IMPROVE AND EXPAND QUALITY HOUSING FOR RESIDENTS IN LOW-INCOME COMMUNITIES AND TO REVERSE COMMUNITY DETERIORATION AND URBAN BLIGHT IN BERKSHIRE COUNTY, MASSACHUSETTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gail S Mixer Ended 052022 Director/president | 1 | $0 | |
David P Mixer Director/vice President | 1 | $0 | |
Brian Mixer Director | 1 | $0 | |
Mark Mixer As Of 062022 Director/president | 1 | $0 | |
Michael Mixer Director | 1 | $0 | |
Matthew A Thibault Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,685,481 |
| Interest on Savings | $0 |
| Dividends & Interest | $150,461 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $460,937 |
| Capital Gain Net Income | $460,937 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $436,458 |
| Total Revenue | $2,733,337 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $68,522 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $112,937 |
| Total operating and administrative expenses | $520,168 |
| Contributions, gifts, grants paid | $2,274,798 |
| Total expenses and disbursements | $2,794,966 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,232,965 |
| Savings and temporary cash investments | $41,805 |
| Net Accounts receivable | $13,298 |
| 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 | $8,772,816 |
| Net Land, buildings, and equipment | $739,797 |
| Other assets | $31,274,831 |
| Total assets | $43,075,822 |
| 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, Trimix Foundation has awarded $2,274,798 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
EDUCATE TOMORROW PURPOSE: GENERAL OPERATIONS, ANNUAL GALA, SUMMER PROGRAMMING, K-12 INDIVIDUALIZED EDUCATION PROGRAMS | $77,500 |
BOYS & GIRLS CLUB OF PROVIDENCE PURPOSE: EXEMPT PURPOSE | $18,750 |
EDUCATION FUND PURPOSE: EXEMPT PURPOSE | $100,000 |
MILL TOWN FOUNDATION PURPOSE: PROGRAM DEVELOPEMENT | $1,422,548 |
RAILROAD STREET YOUTH PROJECT PURPOSE: EXEMPT PURPOSE | $10,000 |
SOCIAL ENTERPRISE GREENHOUSE PURPOSE: EXEMPT PURPOSE | $5,000 |