Triad Foundation Inc
- Assets
- $397.6m
- Revenue
- $55.7m
- Investments
- $393.5m
- Employees
- 0
- Location
- Ithaca, NY
- Founding
- 12/2002
- Data as of
- 12/2021
- EIN
- 30-0108102
Organization Overview
Triad Foundation Inc is located in Ithaca, NY. The organization was established in 2002. 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. Triad 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 12/2021, Triad Foundation Inc generated $55.7m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 33.8% each year . All expenses for the organization totaled $22.8m during the year ending 12/2021. While expenses have increased by 20.0% per year over the past 4 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 |
|---|---|---|---|
Melinda R Oakes Exec Directo | 40 | $284,108 | |
Roy H Park III Secy/prg Dir | 16 | $83,015 | |
John M Dentes Controller | 40 | $151,680 | |
Stephanie Parente Grants Admin | 40 | $141,849 | |
Elizabeth P Fowler Treas/prg Di | 28 | $117,305 | |
Jeffrey B True Comm Directo | 40 | $80,161 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
R Bruce Hall & Associates Cpas | 12/30/21 | $65,000 |
Jw Burns & Co Inc | 12/30/21 | $205,346 |
Timessquare | 12/30/21 | $145,986 |
Wells Fargo | 12/30/21 | $572,949 |
Timessquare | 12/30/21 | $145,986 |
Coho Partners | 12/30/21 | $75,597 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $16,883 |
| Interest on Savings | $0 |
| Dividends & Interest | $14,017,265 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $41,713,402 |
| Capital Gain Net Income | $38,291,254 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $55,747,550 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $526,162 |
| Other employee salaries and wages | $879,728 |
| Pension plans, employee benefits | $323,512 |
| Interest | $172 |
| Taxes | $1,769,988 |
| Depreciation | $29,493 |
| Occupancy | $8,122 |
| Travel, conferences, and meetings | $205,861 |
| Printing and publications | $2,604 |
| Other expenses | $155,577 |
| Total operating and administrative expenses | $7,257,292 |
| Contributions, gifts, grants paid | $15,519,780 |
| Total expenses and disbursements | $22,777,072 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,857,250 |
| 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 | $32,000 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $393,502,134 |
| Net Land, buildings, and equipment | $1,223,216 |
| Other assets | $0 |
| Total assets | $397,614,600 |
| Accounts payable and accrued expenses | $224,461 |
| Grants payable | $8,648,170 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $2,470,224 |
| Total liabilities | $11,342,855 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnhold Foundation Inc New York, NY | $497,481,101 | $53,665,580 |
The Morningside Foundation Newton Centre, MA | $22,445,720 | $11,895,776 |
Prudential Foundation Inc Newark, NJ | $137,651,624 | $53,115,847 |
The Grace And Mercy Foundation Inc New York, NY | $617,102,449 | $100,220,039 |
The Patrick J Mcgovern Foundation Inc Boston, MA | $1,660,673,846 | $20,910,577 |
One8 Foundation Boston, MA | $488,764,350 | $32,279,319 |
Peter G Peterson Foundation New York, NY | $1,055,700,983 | $50,280,779 |
Leon Levy Foundation New York, NY | $614,122,389 | $121,596,253 |
Shubert Foundation Inc New York, NY | $671,108,588 | $57,657,953 |
J Howard Pew Freedom Tr Philadelphia, PA | $675,828,558 | $64,346,772 |
Mccune Foundation Pittsburgh, PA | $180,488,577 | $38,182,239 |
Hauser Foundation Inc New York, NY | $0 | $9,971,722 |