Trideum Foundation INC EIN 20-8122013 Form 990 (PDF) Claim this org

Trideum Foundation INC

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Funds local charities to create lasting positive change in communities. For fiscal year 2024 it reported $173K in revenue, $132K in expenses, and $122K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Huntsville, AL
Filings
4 on file (2021–2024)
Revenue
$173KFY2024
Expenses
$132K
Net assets
$122K
People
10
Filings
4
Updates
0
More identity details & actions ⌄
EIN  20-8122013 Public charity (501(c)(3)) Huntsville, AL
Form 990 (PDF)
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Size
$100K–1M
What they do
Funds local charities to create lasting positive change in communities.
Leadership
Lewis T Hundley · Board of Directors, President
Money in and out
$173K revenue, $132K expenses
Bottom line
93% program efficiency
Where the money goes · FY2024
Total revenue
$173K
Pt VIII · Ln 12
Total expenses
$132K
Pt IX · Ln 25
Net assets
$122K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $40K
Where spending went · Part IX cols B–D
Program services $0.93 Management & general $0.07
Program efficiency
93%
of spending reaches programs
Operating runway
11.4mo
months of highly liquid reserves at operating expense rate▲ +20% vs prior filing year
Surplus margin
+23%
revenue over expenses, this year▲ +152% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$173K
FY2024▲ +144%
Total revenue
$173K
Pt VIII · Ln 12
Total expenses
$132K
Pt IX · Ln 25
Net assets
$122K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$40K
Total assetsPt X · Ln 16$122K
Program-expense ratioPt IX · col B93%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410
Mission & Programs · Part III

Where the work happens

1 program service account for $123K of program spending, described in the organization's own filed words · FY2024.
01

Fundraising and distribution of funds to charitable organizations making a lasting difference in lives and communities.

$123Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CTrideum Foundation INC
EINHdr · item D20-8122013
Principal addressHdr · item CHuntsville, AL
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MAL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P60)
Ruling yearIRS BMFFeb 2007

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Board of Directors, President
$0Pt VII · Sec A
Board of Directors, Vice President
$0Pt VII · Sec A
Board of Directors, Vice President
$0Pt VII · Sec A
Board of Directors, Treasurer
$0Pt VII · Sec A
Board of Directors, Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Board of Directors
$0Pt VII · Sec A
Board of Directors
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$164K · 95%
Investment income$5K · 3%
Other revenue$3K · 2%
Contributions & grants95%$164K
Investment income3%$5K
Other revenue2%$3K
Total revenueLn 12$173K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.93 Management & general $0.07
Program services93%$123K
Management & general7%$9K
Total functional expensesLn 25$132K

Balance Sheet

Part X · end of year
CashLn 1$122K
Total assetsLn 16$122K
Total liabilitiesLn 26$0
Total net assetsLn 32$122K
Months of cash on handcomputed11.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $122K · Operating expenses (Pt IX) $132K · Less non-cash grants $4K · Cash operating expenses/yr $128K
11.4 months
Where the money goes
Program services
Program services $123K · Total expenses $132K
93%
Management & General
Management & general $9K · Total expenses $132K
7%
Fundraising
Fundraising $0 · Total expenses $132K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $164K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $164K · Total revenue $173K
95%
Government reliance
Government grants $0 · Total revenue $173K
0%
Earned-income share
Program service revenue $0 · Total revenue $173K
0%
Investment reliance
Investment income $5K · Total revenue $173K
+3%
Program self-sufficiency
Program service revenue $0 · Total expenses $132K
0%
Growth & trend
Revenue growth (YoY)
This year $173K · Prior year $71K
+144%
Net-asset trend (YoY)
End of year $122K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $173K · Expenses $132K
+23%
Liabilities-to-Assets
Total liabilities — · Total assets $122K
Net-asset ratio
Net assets $122K · Total assets $122K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $122K
0%
People & payroll
Highest Reported Total Compensation
Individual Lewis T Hundley · Reported title Board of Directors, President · Highest reported compensation $0 · Total expenses $132K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $132K
0%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 93%
Overhead ratio 7%
Fundraising cost ratio 0%
Revenue growth 144%
Investment management fee ratio 0.5%
Legal fee ratio 2%
Accounting fee ratio 0%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$40
Grants paid · 7 grants · $78K · 2024–2024
Footprints on the Heart INCGA · FY2024$25,000
Agape of North Alabama INCAL · FY2024$10,000
El Rois Nursery INCAL · FY2024$10,000
The Caring Link INCAL · FY2024$10,000
Rose of Sharon INCAL · FY2024$8,000
The Cornerstone InitiativeAL · FY2024$8,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$173K revenue · viewing · ⤓ 990 PDF
FY2023$71K revenue · ⤓ 990 PDF
FY2022$111K revenue · ⤓ 990 PDF
FY2021$73K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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