Trio Foundation
- Assets
- $5.4m
- Revenue
- $652.4k
- Investments
- $5.0m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 07/1992
- Data as of
- 09/2021
- EIN
- 48-1104136
Organization Overview
Trio Foundation is located in Wilmington, DE. The organization was established in 1992. According to its NTEE Classification (A6C) the organization is classified as: Bands & Ensembles, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trio 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 09/2021, Trio Foundation generated $652.4k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 48.5% each year . All expenses for the organization totaled $470.7k during the year ending 09/2021. While expenses have increased by 12.7% per year over the past 3 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 2020, Trio Foundation has awarded 140 individual grants totaling $1,283,500. 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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chela Blitt Trustee | 3 | $0 | |
Dorianna Blitt Trustee | 3 | $0 | |
Rita Blitt Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $228,901 |
| Interest on Savings | $1,003 |
| Dividends & Interest | $77,854 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $335,482 |
| Capital Gain Net Income | $476,817 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $9,132 |
| Total Revenue | $652,372 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $52,000 |
| Pension plans, employee benefits | $3,992 |
| Interest | $0 |
| Taxes | $5,207 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $23,494 |
| Total operating and administrative expenses | $144,249 |
| Contributions, gifts, grants paid | $326,500 |
| Total expenses and disbursements | $470,749 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $335,226 |
| 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 | $484,134 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,373,183 |
| 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, Trio Foundation has awarded $326,500 in support to 46 organizations.
| Grant Recipient | Amount |
|---|---|
PEACE DEVELOPMENT FUND INC PURPOSE: TITA JUSTICE FUND AND CHELA BLITT'S DONOR ADVISED FUND. | $35,000 |
Overland Park, KS PURPOSE: GENERAL & UNRESTRICTED | $25,000 |
Oakland, CA PURPOSE: TO BRING CANTARE CON VIVO'S CHORAL MUSIC EDUCATION PROGRAM TO UNDERSERVED TK-2ND GRADE STUDENTS AT LA ESCUELITA AND LAUREL ELEMENTARY SCHOOLS IN OAKLAND | $15,000 |
Oakland, CA PURPOSE: FAMILY STRENGTHENING SERVICES PROGRAM | $15,000 |
Oakland, CA PURPOSE: PERINATAL CARE PROGRAM HEATHY MOTHERS, HEALTHY BABIES | $15,000 |
Alameda, CA PURPOSE: GOT CHOICES TEEN MOMS PROGRAM | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Little Kids Rock Inc Montclair, NJ | $6,640,068 | $6,635,771 |
Jazz House Kids Inc Montclair, NJ | $1,334,146 | $3,055,002 |
Delaware Celebration Of Jazz Inc Lewes, DE | $411,229 | $1,052,108 |
River City Brass Band Pittsburgh, PA | $1,809,596 | $856,710 |
Trio Foundation Wilmington, DE | $5,373,183 | $652,372 |
Piffaro The Renaissance Band Philadelphia, PA | $447,529 | $376,319 |
Parlance Chamber Concerts Inc Ridgewood, NJ | $356,098 | $466,697 |
Pittsburgh New Music Ensemble Inc Greensburg, PA | $128,603 | $0 |
Pine Grove Band Boosters Pine Grove, PA | $5,979 | $199,721 |
Fralinger String Band Inc Philadelphia, PA | $141,710 | $0 |
Toms River North Marching Mariners Boosters Inc Toms River, NJ | $58,405 | $0 |
Quaker City String Band Pennsauken, NJ | $522,519 | $247,688 |