Civic Intelligence

Trimount Foundation Inc.

990 • Fiscal year 2017 • EIN 04-6141144

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 15, 2018

56 Harrison Street - Suite 401New York, NY 10801-6560

(914) 632-3778

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

84th percentile

0.46x

Higher debt load relative to assets than 84% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

99th percentile

11.67x

Higher debt load relative to revenue than 99% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

1st percentile

-205%

Higher net margin than 1% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

18th percentile

-7.4%

Faster asset growth than 18% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

2nd percentile

-74%

Faster revenue growth than 2% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Down

$696,697

Down $55,858 (-7.4%) from 2016

Net Assets

Down

$373,861

Down $56,642 (-13%) from 2016

Liabilities

Up

$322,836

Up $784 (+0.2%) from 2016

Revenue

Down

$27,655

Down $79,138 (-74%) from 2016

Expenses

Down

$84,297

Down $92,203 (-52%) from 2016

Net Income

Up

-$56,642

Up $13,065 (+19%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2010: $602,872Liabilities 2010: $79,309Net Assets 2010: $523,5632010Assets 2011: $526,257Liabilities 2011: $30,380Net Assets 2011: $495,8772011Assets 2012: $481,184Liabilities 2012: $30,380Net Assets 2012: $450,8042012Assets 2013: $904,213Liabilities 2013: $318,500Net Assets 2013: $585,7132013Assets 2014: $839,911Liabilities 2014: $280,000Net Assets 2014: $559,9112014Assets 2015: $780,210Liabilities 2015: $280,000Net Assets 2015: $500,2102015Assets 2016: $752,555Liabilities 2016: $322,052Net Assets 2016: $430,5032016Assets 2017: $696,697Liabilities 2017: $322,836Net Assets 2017: $373,8612017Assets 2018: $643,732Liabilities 2018: $199,734Net Assets 2018: $443,9982018Assets 2019: $633,995Liabilities 2019: $210,871Net Assets 2019: $423,1242019Assets 2020: $538,833Liabilities 2020: $210,871Net Assets 2020: $327,9622020Assets 2021: $12,172,752Liabilities 2021: $25,000Net Assets 2021: $12,147,7522021Assets 2022: $13,698,465Liabilities 2022: $25,000Net Assets 2022: $13,673,4652022Assets 2023: $16,705,877Liabilities 2023: $25,000Net Assets 2023: $16,680,8772023Assets 2024: $19,553,902Liabilities 2024: $25,000Net Assets 2024: $19,528,9022024

Highlighted filing

2017

Assets$696,697
Liabilities$322,836
Net Assets$373,861

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2010: $112,0682010Expenses 2011: $89,7862011Revenue 2012: $26,800Expenses 2012: $71,873Net Income 2012: -$45,0732012Revenue 2013: $235,075Expenses 2013: $100,166Net Income 2013: $134,9092013Revenue 2014: $81,206Expenses 2014: $107,008Net Income 2014: -$25,8022014Revenue 2015: $25,120Expenses 2015: $84,821Net Income 2015: -$59,7012015Revenue 2016: $106,793Expenses 2016: $176,500Net Income 2016: -$69,7072016Revenue 2017: $27,655Expenses 2017: $84,297Net Income 2017: -$56,6422017Revenue 2018: $196,800Expenses 2018: $126,663Net Income 2018: $70,1372018Revenue 2019: $146,475Expenses 2019: $167,349Net Income 2019: -$20,8742019Revenue 2020: $69,075Expenses 2020: $164,237Net Income 2020: -$95,1622020Revenue 2021: $12,248,410Expenses 2021: $428,500Net Income 2021: $11,819,9102021Revenue 2022: $2,294,870Expenses 2022: $244,214Net Income 2022: $2,050,6562022Revenue 2023: $1,949,517Expenses 2023: $196,726Net Income 2023: $1,752,7912023Revenue 2024: $3,306,089Expenses 2024: $1,407,345Net Income 2024: $1,898,7442024

Highlighted filing

2017

Revenue$27,655
Expenses$84,297
Net Income-$56,642
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 15, 2018
Return Version
2017v2.0
Gross Receipts
$27,655
Mission and Program Overview

Mission

Trimount Foundation Inc provides facilities for Roman Catholic religious worship, doctrinal instruction and moral guidance. These facilities include chapels, meeting space, residences and a retreat center.

Trimount Foundation Inc provides facilities for Roman Catholic religious worship, doctrinal instruction and moral guidance. These facilities include chapels, meeting space, residences and a retreat center. Trimount Foundation Inc owns four real properties in the US.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$750,296$693,605▼ $56,691
Cash and Non-Interest-Bearing Accounts$2,259$3,092▲ $833
Total Assets$752,555$696,697▼ $55,858
Liabilities
Mortgage Notes Payable Secured by Investment Property$297,052$297,052→ $0
Unsecured Notes Loans Payable$25,000$25,000→ $0
Accounts Payable and Accrued Expenses$0$784▲ $784
Total Liabilities$322,052$322,836▲ $784
Net Assets / Fund Balance
Unrestricted Net Assets$430,503$373,861▼ $56,642
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$430,503$373,861▼ $56,642
Total Liabilities and Net Assets / Fund Balance$752,555$696,697▼ $55,858

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$481,605$1,779,180$2,260,785
Land$212,000-$212,000
Equipment$0$56,636$56,636
Other Land Buildings$0$0$0
Leasehold Improvements$0$0$0
Compensation and Service Providers

Board Members and Trustees

NameTitle
Timothy C HoganPresident
John B HaleyVice President
Gregory G GieblerBoard Director
Paul J DeckBoard Director
Jacqueline Y TaylorAssistant Treasurer
Michael A CoanClerk
Arthur Kim C RiveraTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$24,500
Program Service Revenue
$3,155
Investment Income
$0
Other Revenue
$0
All Other Contributions
$24,500
Change in Net Assets
$-56,642
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$84,297
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$56,690$0$0$56,690
Occupancy$27,607$0$0$27,607
Total Functional Expenses$84,297$0$0$84,297
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Trimount Foundation Inc is a membership corporation having one class of Members. The Members shall be at least five in number without limit with regard to the number of Members. Members shall serve a term of one year, which term is automatically extended if no successor Member is appointed. Currently, Trimount Foundation is served by five Members.

Form 990, Part VI, Section A, Line 7A

The Members of Trimount Foundation Inc elect the Board Directors at the Annual Meeting. The number of Board Directors shall be at least five, with the specific number to be determined by the Members at any Annual or Special Meeting of Members. Any Board Director may be removed by majority vote of the Members, with or without cause. Currently, Trimount Foundation is served by five Board Directors.

Form 990, Part VI, Section B, Line 11B

The Treasurer creates a consolidated trial balance of Trimount Foundation Inc's fiscal year, from which he or she completes and files Form 990. No other Officer or Board Director reviews it prior to filing.

Form 990, Part VI, Section C, Line 19

Trimount Foundation Inc's governing documents and financial statements are available for review in person during regular business hours at the Treasurer's office located at 56 Harrison Street, Suite 401, New Rochelle, New York 10801-6560. No appointment is necessary. Trimount Foundation Inc will also send paper copies of these documents by U.S. Postal Service, or an electronic copy by e-mail, upon request and without charge.

Filing and Contact Details

Filer

Filer Name
Trimount Foundation Inc
EIN
04-6141144
Phone
9146323778
Address
56 Harrison Street - Suite 401, New York, NY 10801-6560

Signing Officer

Name
Arthur Kim Rivera
Title
Treasurer
Phone
9146323778
Signed
2018-11-15

Organization Details

Principal Officer
Anthony M McCarthy
Formed
1961
Legal Domicile
Ma
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0
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IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt027655
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt072415
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt025120
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt081206
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0235075
IRS990ScheduleA/Total509Grp/TotalAmt0441471
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt027655
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0106793
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt025120
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt081206
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0235075
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0475849
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0481605
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01779180
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02260785
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt056636
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt056636
IRS990ScheduleD/LandGrp/BookValueAmt0212000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0212000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0693605
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Trimount Foundation Inc is a membership corporation having one class of Members. The Members shall be at least five in number without limit with regard to the number of Members. Members shall serve a term of one year, which term is automatically extended if no successor Member is appointed. Currently, Trimount Foundation is served by five Members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Members of Trimount Foundation Inc elect the Board Directors at the Annual Meeting. The number of Board Directors shall be at least five, with the specific number to be determined by the Members at any Annual or Special Meeting of Members. Any Board Director may be removed by majority vote of the Members, with or without cause. Currently, Trimount Foundation is served by five Board Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Treasurer creates a consolidated trial balance of Trimount Foundation Inc's fiscal year, from which he or she completes and files Form 990. No other Officer or Board Director reviews it prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Trimount Foundation Inc's governing documents and financial statements are available for review in person during regular business hours at the Treasurer's office located at 56 Harrison Street, Suite 401, New Rochelle, New York 10801-6560. No appointment is necessary. Trimount Foundation Inc will also send paper copies of these documents by U.S. Postal Service, or an electronic copy by e-mail, upon request and without charge.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Heights Foundation Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0526062426
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Religious
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt010
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt056 Harrison Street - Suite 401
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0New Rochelle
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd0108016560
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt00
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0752555
IRS990/TotalAssetsEOYAmt0696697
IRS990/TotalAssetsGrp/BOYAmt0752555
IRS990/TotalAssetsGrp/EOYAmt0696697
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt024500
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt084297
IRS990/TotalFunctionalExpensesGrp/TotalAmt084297
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0322052
IRS990/TotalLiabilitiesEOYAmt0322836
IRS990/TotalLiabilitiesGrp/BOYAmt0322052
IRS990/TotalLiabilitiesGrp/EOYAmt0322836
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0430503
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0373861
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt00
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt084297
IRS990/TotalProgramServiceRevenueAmt03155
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03155
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt027655
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0752555
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0696697
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0430503
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0373861
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt025000
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt025000
IRS990/UponRequestInd0X

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.6$0.03$19.5$3.31$1.41$1.90
2023Detailed filing. Detailed filing data is available for this year.$16.7$0.03$16.7$1.95$0.20$1.75
2022Detailed filing. Detailed filing data is available for this year.$13.7$0.03$13.7$2.29$0.24$2.05
2021Detailed filing. Detailed filing data is available for this year.$12.2$0.03$12.1$12.2$0.43$11.8
2020Detailed filing. Detailed filing data is available for this year.$0.54$0.21$0.33$0.07$0.16$0.10
2019Detailed filing. Detailed filing data is available for this year.$0.63$0.21$0.42$0.15$0.17$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.64$0.20$0.44$0.20$0.13$0.07
2017Detailed filing. Detailed filing data is available for this year.$0.70$0.32$0.37$0.03$0.08$0.06
2016Detailed filing. Detailed filing data is available for this year.$0.75$0.32$0.43$0.11$0.18$0.07
2015Detailed filing. Detailed filing data is available for this year.$0.78$0.28$0.50$0.03$0.08$0.06
2014Detailed filing. Detailed filing data is available for this year.$0.84$0.28$0.56$0.08$0.11$0.03
2013Detailed filing. Detailed filing data is available for this year.$0.90$0.32$0.59$0.24$0.10$0.13
2012Summary only. Only limited summary data is available for this year.$0.48$0.03$0.45$0.03$0.07$0.05
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.53$0.03$0.50$0.09
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.60$0.08$0.52$0.11
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