Overview
What is Trimount Foundation Inc?
Trimount Foundation Inc is a New York-based nonprofit organization dedicated to providing facilities for Roman Catholic religious worship, instruction, and moral guidance. Their offerings encompass chapels, meeting spaces, residences, and a retreat center. Currently, they own and manage four real properties in the United States. Trimount Foundation's mission is to foster a spiritual community where individuals can gather for worship, learn, and grow morally.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 67% (Two-Star out of Four Star rating).
Trimount Foundation Inc has received a Two-Star rating, reflecting an overall score based solely on Accountability & Finance metrics. The foundation boasts a strong financial performance with a high program expense ratio of 98.54%, indicating that a significant portion of its resources is directed toward its programs rather than administrative costs. Additionally, the board is composed entirely of independent members, which is a positive sign of governance.
However, the organization also faces some notable limitations that have impacted its rating. The absence of important policies, such as a conflict of interest policy and a whistleblower policy, along with the lack of financial statements and a website listed on its tax form, has contributed to its lower score. These missing elements suggest potential weaknesses in transparency and accountability that could benefit from improvement.
In summary, while Trimount Foundation demonstrates strong programmatic spending and governance through its independent board, improvements in financial transparency and policy establishment are necessary to enhance its overall accountability and trustworthiness in the eyes of donors and the public.
This AI summary has been generated from information found on Charity Navigator.
Is Trimount Foundation Inc legitimate?
Trimount Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Trimount Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Trimount Foundation Inc?
Trimount Foundation Inc is dedicated to facilitating Roman Catholic religious practices, instruction, and moral guidance. They accomplish this through the provision of chapels, meeting spaces, residences, and a retreat center. The foundation's mission focuses on nurturing spiritual growth and development for individuals in a supportive and sacred environment. Presently, Trimount Foundation Inc manages four properties in the United States, which serve as the backbone of their operations.
Who is the CEO of Trimount Foundation Inc?
Anthony M Mccarthy is the President of Trimount Foundation Inc.
What is the revenue of Trimount Foundation Inc?
Trimount Foundation Inc's revenue in 2021 was $12,248,410.
Who are the executives of Trimount Foundation Inc and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Trimount Foundation Inc?
Trimount Foundation Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Trimount Foundation Inc
Trimount Foundation Inc, a nonprofit organization, is dedicated to offering facilities that cater to Roman Catholic religious worship, doctrinal instruction, and moral guidance. This faith-based institution provides essential spaces such as chapels, meeting areas, residences, and a retreat center. Trimount Foundation's mission is geared towards fostering a spiritual community where individuals can connect, learn, and grow.
The organization's commitment to the Roman Catholic faith is evident in the facilities it provides. The chapels serve as sacred spaces for worship and prayer, while the meeting areas offer opportunities for doctrinal instruction and discussions. Trimount Foundation's residences allow for a close-knit community, fostering a sense of belonging and fellowship. Furthermore, the retreat center offers a tranquil environment where individuals can take a break from their daily lives, reflect, and reconnect with their faith.
Trimount Foundation Inc's mission extends beyond the physical facilities it offers. By providing these spaces, the organization enables the community to come together, fostering a spiritual growth that is invaluable. With a strong focus on Roman Catholic religious worship, doctrinal instruction, and moral guidance, Trimount Foundation Inc plays a vital role in nurturing and supporting its members.
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Impact
October, 2024
Trimount Foundation Inc significantly enhances the spiritual and community life of Roman Catholics by providing dedicated spaces for worship, education, and reflection. With its four properties in New York, the foundation offers chapels and meeting spaces that facilitate religious services and doctrinal instruction, ensuring that individuals and families can engage deeply with their faith.
The retreat center serves as a sanctuary for spiritual growth, allowing visitors to step away from the hustle of everyday life and focus on moral guidance and personal reflection. By creating an environment that supports religious activities and community engagement, Trimount Foundation Inc plays a crucial role in nurturing the spiritual welfare and moral development of the community it serves. Through these facilities, individuals are empowered to cultivate their faith and connect with one another in meaningful ways, fostering a supportive religious environment.
This information is meant to be a general summary of Trimount Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2021.
- Investment Income: $11,842,229
- Program Service Revenue: $1,660
- Gross Receipts: $12,906,181
Assets and Liabilities:
- Total Assets: $12,172,752
- Total Liabilities: $25,000
- Net Assets: $12,147,752
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Activity fees
Revenue
$1,660
Organization Details
Founding Year
1961
Phone
(914) 632-3778Principal Officer
Anthony M Mccarthy
Main Address
56 Harrison Street - Suite 401, New York, NY, 108016560
NTEE Category
Code: X22 - Religion related
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