Transformation Trust Inc
- Assets
- $22.8m
- Revenue
- $806.5k
- Investments
- $19.2m
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 12/1997
- Data as of
- 12/2022
- EIN
- 35-2024586
Organization Overview
Transformation Trust Inc is located in Indianapolis, IN. The organization was established in 1997. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Transformation Trust 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 12/2022, Transformation Trust Inc generated $806.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Transformation Trust Inc has awarded 141 individual grants totaling $11,110,043. 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 |
|---|---|---|---|
Sheila Klink Board Member | 20 | $75,000 | |
Elizabeth Hamilton Board Member | 10 | $22,000 | |
Jeanne Paquette Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $577,049 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $156,882 |
| Capital Gain Net Income | $156,882 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $72,519 |
| Total Revenue | $806,450 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $97,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,357 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $465 |
| Total operating and administrative expenses | $290,055 |
| Contributions, gifts, grants paid | $881,000 |
| Total expenses and disbursements | $1,171,055 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,472 |
| Savings and temporary cash investments | $3,536,235 |
| 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 | $409,389 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $22,818,280 |
| 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, Transformation Trust Inc has awarded $881,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
DRESS FOR SUCCESS INDIANAPOLIS INC PURPOSE: GENERAL OPERATIONS | $30,000 |
GIVE TO GIVE FOUNDATION PURPOSE: DOCUMENTARY | $100,000 |
GIVE BACK YOGA FOUNDATION PURPOSE: Y12SR COMMUNITY OUTREACH INITIATIVE | $25,000 |
GIVE TO GIVE FOUNDATION PURPOSE: UCDS RESEARCH: IMPACT OF MEDIATION OF GUT MICROBIOME IN QUANTUM STUDY | $200,000 |
INDIANA STATE SYMPHONY SOCIETY INC DBA INDIANAPOLIS SYMPHONY ORCHESTRA PURPOSE: METROPOLITAN YOUTH ORCHESTRA - BUILDING HUMAN POTENTIAL | $150,000 |
INSTITUTE OF BIOENERGETICS INC CO MARCELLO ANZALONE PURPOSE: WEARABLE RESEARCH | $130,000 |