Triform Enterprises Limited FY2024 filing

Tax-deductible

Hudson, NY501(c)(3)EmploymentEIN 22-2186872

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Triform Enterprises operates a residential therapeutic and vocational training community for young adults with disabilities.

501(c)(3) charity; gifts are tax-deductible.
72¢ of each $1 spent went to programs.
$104K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average deficit $39K a year · 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$104K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
8
named funders · $455K
Looks good: 8 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.0M
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 18 voting members
Looks good: 15 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.8M
+7% vs prior year
Spent
$3.6M
To programs
72%
Net assets
$11.2M
By yearFY2021–FY2025
Revenue
$3.8M
FY2024▲ +7%
Revenue by fiscal year
FY2021$3.4M
FY2022$3.5M
FY2023$3.6M
FY2024$3.8M
FY2025$3.3M
Expenses
$3.6M
FY2024▲ +0.9%
Expenses by fiscal year
FY2021$3.4M
FY2022$3.6M
FY2023$3.6M
FY2024$3.6M
FY2025$3.7M
Net assets
$11.2M
FY2024▲ +2%
Net assets by fiscal year
FY2021$11.2M
FY2022$11.0M
FY2023$11.0M
FY2024$11.2M
FY2025$10.9M

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1978.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $2.6M Management & general 24% · $871K Fundraising 3% · $123K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

18 people listed on the 990; $104K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$36,772Pt VII · Sec A
$35,359Pt VII · Sec A
$31,541Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director Emeritus
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Stephen Steen’s $38K as Trustee is at the 4th percentile of top reported officer pay among 1245 $1–10M employment nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Stephen Steen$37,979$36,772$39,712$43,417$34,389
Rebecca Bissonnette$36,438$35,359$29,179$33,274$26,905
Akiko Suesada—$31,541$28,048$34,403$29,414
Takeshi Suesada$29,942————
Morganne Wheeler$28,793————
Benjamin Davis————$28,332

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Triform Enterprises Limited executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides therapeutic and vocational training for young adults with disabilities.

Provided by the organization

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2 programs · $2.6M · in their own filed words · FY2023
01

The residential program is certified and licensed by the new york state office for people with developmental disabilities (opwdd) as a private-pay program. The program includes the costs directly related to the care and education of the individuals with intellectual and developmental disabilities, the coworkers and staff who develop and…

$2.1Mprogram expense
02

The day habilitation program is certified by new york state office for people with developmental disabilities (opwdd) with costs covered by new york state medicaid. The quality curriculum focuses upon young adults, aged 18 through 28, as they emerge from the teenage years into full adulthood.

$518Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 8 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$3.8M
Ln 12
Fees for servicesLn 2g$2.7M
Gifts and grantsLn 1h$1.0M
Investment incomeLn 3$29K
Money outPt IX
$3.6M
Ln 25
Programscol B$2.6M
Managementcol C$871K
Fundraisingcol D$123K
Owns and owesPt X
$11.2M
net assets · Ln 32
Cash and savingsLn 1–2$562K
Total assetsLn 16$12.2M
LiabilitiesLn 26$1.0M
PeoplePt VI, VII
18
listed · VII A
PaidVII A3
Voting boardVI 1a18
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.0M
Government grantsLn 1e$384K
Noncash giftsLn 1g$12K
Fundraising eventsLn 1c$150K
Fees for servicesLn 2g$2.7M
Investment incomeLn 3$29K
Other incomeLn 4–11$16K
Total revenueLn 12$3.8M
Assets in detailPt X, end of year
CashLn 1$562K
Cash and savings togetherLn 1–2$562K
InvestmentsLn 11–13$845K
Land, buildings, equipmentLn 10c$10.6M
Total assetsLn 16$12.2M
LiabilitiesLn 26$1.0M
Net assetsLn 32$11.2M
OperationsPt I, VI
EmployeesI 538
VolunteersI 634
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$595K$562K
InvestmentsLn 11–13$411K$845K
Land, buildings, equipmentLn 10c$10.9M$10.6M
Total assetsLn 16$12.2M$12.2M
LiabilitiesLn 26$1.2M$1.0M
Net assetsLn 32$11.0M$11.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$104K$62K$41K
Other salaries and wagesLn 7$1.1M$628K$366K$73K
Other employee benefitsLn 9$323K$191K$113K$20K
Payroll taxesLn 10$87K$51K$30K$5K
Legal feesLn 11b$168K$37K$131K
Other fees for servicesLn 11g$6K$6K
Office expensesLn 13$56K$56K
OccupancyLn 16$76K$73K$4K
InterestLn 20$14K$14K
Depreciation, depletion and amortizationLn 22$598K$585K$13K
InsuranceLn 23$103K$93K$10K
Other expenses (24a–d)Ln 24$641K$616K$25K
All other expensesLn 24e$362K$255K$83K$24K
Total functional expensesLn 25$3.6M$2.6M$871K$123K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $3.3M$3.7M−$378K$10.9M 990 PDF
FY2024 Viewing $3.8M$3.6M$214K$11.2M 990 PDF
FY2023 $3.6M$3.6M$10K$11.0M 990 PDF
FY2022 $3.5M$3.6M−$107K$11.0M 990 PDF
FY2021 $3.4M$3.4M$65K$11.2M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $3,818,499 across 11 lines filed
VIII-1c Fundraising events$149,750
VIII-1d Related organizations$204,141
VIII-1e Government grants$383,871
VIII-1f All other contributions, gifts and grants$309,649
VIII-1g Noncash contributions (included above)$11,698
VIII-1h Total contributions, gifts and grants$1,047,411
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,726,169$2,726,169
VIII-3 Investment incomeExcluded from tax $29,079$29,079
VIII-6 Net rental income or lossExcluded from tax $2,465$2,465
VIII-8 Net income from fundraising eventsExcluded from tax $13,375$13,375
VIII-12 Total revenueRelated to mission $2,726,169 · Unrelated business $0 · Excluded from tax $44,919$3,818,499
Part IX · Statement of functional expenses $3,604,727 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $62,203 · Management $41,469$103,672
IX-7 Other salaries and wagesPrograms $628,260 · Management $366,249 · Fundraising $72,779$1,067,288
IX-9 Other employee benefitsPrograms $190,735 · Management $112,629 · Fundraising $20,104$323,468
IX-10 Payroll taxesPrograms $51,043 · Management $30,141 · Fundraising $5,380$86,564
IX-11b Legal feesPrograms $37,279 · Management $130,645$167,924
IX-11g Other fees for servicesPrograms $6,500$6,500
IX-13 Office expensesManagement $55,641$55,641
IX-16 OccupancyPrograms $72,607 · Management $3,714$76,321
IX-20 InterestPrograms $13,896$13,896
IX-22 Depreciation, depletion and amortizationPrograms $584,825 · Management $12,909$597,734
IX-23 InsurancePrograms $92,578 · Management $10,287$102,865
IX-24 Other expenses (24a–d)Programs $615,959 · Management $24,879$640,838
IX-24e All other expensesPrograms $255,015 · Management $82,732 · Fundraising $24,269$362,016
IX-25 Total functional expensesPrograms $2,610,900 · Management $871,295 · Fundraising $122,532$3,604,727
Part X · Balance sheet $12,242,280 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $595,091$562,140
X-4 Accounts receivableStart of year $164,464$170,613
X-9 Prepaid expenses and deferred chargesStart of year $41,047$50,368
X-10c Land, buildings and equipment, netStart of year $10,944,045$10,613,864
X-11 Publicly traded securitiesStart of year $411,479$845,295
X-16 Total assetsStart of year $12,176,433$12,242,280
X-17 Accounts payable and accrued expensesStart of year $175,589$191,942
X-19 Deferred revenue$2,939
X-25 Other liabilitiesStart of year $984,534$807,434
X-26 Total liabilitiesStart of year $1,160,123$1,002,315
X-27 Net assets without donor restrictionsStart of year $10,751,016$11,006,604
X-28 Net assets with donor restrictionsStart of year $265,294$233,361
X-32 Total net assets or fund balancesStart of year $11,016,310$11,239,965
X-33 Total liabilities and net assetsStart of year $12,176,433$12,242,280
Part XI · Reconciliation of net assets $11,239,965 net assets at year end
XI-1 Total revenue$3,818,499
XI-2 Total expenses$3,604,727
XI-3 Revenue less expenses$213,772
XI-4 Net assets at start of year$11,016,310
XI-5 Net unrealized gains (losses) on investments$9,883
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$11,239,965

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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