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Trinity Charities Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 274754693 ✦ Schaumburg, IL ✦ Designated as a 501(c)(3)

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Overview

What is Trinity Charities Inc?

Trinity Charities Inc, located in Schaumburg, Illinois, serves as a compassionate nonprofit organization. Their primary mission is to improve lives and contribute to a more benevolent world by engaging in multiple social reformation initiatives, predominantly focusing on children and families. They strive to alleviate hunger in their community by providing food to those in need. The organization's broader goal is to contribute positively to society and enhance overall well-being.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 54%, One-Star out of Four Star rating.

Trinity Charities Inc has been assigned a low score of 54%, reflecting concerns in both accountability and financial transparency. The organization lacks independent board members, which is critical for governance, and has not provided essential financial statements that would allow for better scrutiny. Additionally, the absence of key policies, such as a whistleblower policy and document retention guidelines, raises further questions about organizational practices.

Despite these issues, Trinity Charities shows a commendable program expense ratio of 95.38%, indicating that most of its expenses are directed toward its programs rather than administrative costs. However, the missing financial documentation and lack of transparency in governance significantly undermine the charity's credibility and effectiveness. Without improvements in these areas, the organization may struggle to gain the trust of potential donors and stakeholders.


This AI summary has been generated from information found on Charity Navigator.

Is Trinity Charities Inc legitimate?

Trinity Charities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Trinity Charities 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

For more financial information, click here

What is the mission statement of Trinity Charities Inc?

Trinity Charities Inc, as an organization, is committed to making a positive impact on lives and enhancing the world by implementing various social reformative programs primarily focused on children and families. Their mission, in essence, is to contribute to societal betterment through these initiatives. One of their significant contributions is providing food for less privileged individuals within the community, demonstrating their dedication to alleviating hunger and supporting those in need.

Who is the CEO of Trinity Charities Inc?

Olawale Akinosun is the President of Trinity Charities Inc.

What is the revenue of Trinity Charities Inc?

Trinity Charities Inc's revenue in 2021 was $675,773.

Who are the executives of Trinity Charities Inc and what are their salaries?


Here are 4 key members and their salaries:


Olugbenga Odusote (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Olawale Akinosun (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Foluke Akinosun (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nneoma Okeke (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Trinity Charities Inc?

Trinity Charities Inc's most recent form 990 was submitted in 2021 and can be accessed here.

Mission Statement of Trinity Charities Inc

Trinity Charities Inc, a nonprofit organization, is committed to making a positive impact on lives and improving the world. Their mission is focused on achieving this goal through various social reformative programs, primarily centered around children and families. This mission is carried out by providing essential services to those in need, specifically by offering food to less privileged individuals within the community. By doing so, Trinity Charities Inc aims to contribute to a better world, one life at a time.

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Impact




July, 2024

Trinity Charities Inc's impact can be seen through their dedicated efforts to provide food for the less privileged people in the SCHAUMBURG community. Their focus on social reformative programs centered on children and families embodies their mission to make the world a better place. Through their work, Trinity Charities Inc is actively impacting lives and creating positive change in the community.




This information is meant to be a general summary of Trinity Charities 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.

Revenue
$675,773 (2021)
Expenses
$673,203 (2021)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Program Service Revenue: $644,773
  • Gross Receipts: $675,773

Assets and Liabilities:

  • Total Assets: $26,790
  • Total Liabilities: $0
  • Net Assets: $26,790

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Food Supply

Revenue

$644,773

Organization Details

Founding Year

2011

Principal Officer

Olawale Akinosun

Main Address

927 NORTH PLUM GROVE RD, Schaumburg, IL, 60173

NTEE Category

Code: P20 - Human services

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