Tri-County Foundation INC

EIN 30-1423649 Public charity (501(c)(3)) Lakeland, FL NTEE F21
Is this your organization?
Claim it free, then get the verified mark.
Claim

Form 990 for the fiscal year ending December 2024 (IRS tax year 2024).


Tri-County Foundation INC is a mental health nonprofit based in Lakeland, FL, formed in 2024. For fiscal year 2024 it reported $56K in revenue, $74K in expenses, and $1.0M in net assets.Pt I

Founded
2024
Type
Public charity (501(c)(3)) · Mental Health
Location
Lakeland, FL
Website
tricountyfoundation.org
Filings
1 on file (2024–2024)
Revenue
$56KFY2024
Expenses
$74K
Net assets
$1.0M
People
5
Compare with another nonprofit →
Provided by the organization

This section is blank until Tri-County Foundation INC claims this page.

Know this organization? Claim it to add your story

Size
<$100K
What they do
a mental health nonprofit
Leadership
Jack Strollo · Chairman
Money in and out
$56K revenue, $74K expenses
Bottom line
78% program efficiency

What Funders Ask

From IRS filings

Tax-deductible?

good Yes

Per the IRS master file. Details →

Can I give now?

good Yes

Not on the IRS revocation list. Details →

Filing up to date?

good Filed FY2024 (typical filing lag)

Details →

Spent on programs?

good 78% to programs

Form 990 Part IX, latest filing. Details →

Size and trend

<$100K

Details →

Not in filings yet: foundation funders

Where the money goes · FY2024
Total revenue
$56K
Pt VIII · Ln 12
Total expenses
$74K
Pt IX · Ln 25
Net assets
$1.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$18K
Where spending went · Part IX cols B–D
Program services $0.78 Management & general $0.22
Program efficiency
78%
of spending reaches programs
Operating runway
132.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
-33%
revenue over expenses, this year

Similar organizations you could support

Closest in mission — by what they do
See all organizations like Tri-County Foundation INC →

Run this organization? Claim this page

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue less expensesPt I · Ln 19−$18K
Total assetsPt X · Ln 16$1.1M
Program-expense ratioPt IX · col B78%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CTri-County Foundation INC
EINHdr · item D30-1423649
Principal addressHdr · item CLakeland, FL
WebsiteHdr · item Jtricountyfoundation.org
Year of formationHdr · item L2024
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFMental Health (F21)
Ruling yearIRS BMFDec 2024

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Chairman
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
See Tri-County Foundation INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Mission & Programs · Part III

Where the work happens

1 program service account for $58K of program spending, described in the organization's own filed words · FY2024.
01

To support and gain funds through fundraising, private donations or endowments; to provide fund distributions to make investments in various options; to secure capital investments to be used for fund approved projects; to aid in the overall financial self-sustainability of tri-county human services.

$58Kprogram expense

Run this program? Claim this org to tell your story

Statement of Revenue

Part VIII
Contributions & grants$48K · 86%
Investment income$7K · 12%
Other revenue$601 · 1%
Contributions & grants86%$48K
Investment income12%$7K
Other revenue1%$601
Total revenueLn 12$56K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.78 Management & general $0.22
Program services78%$58K
Management & general22%$16K
Total functional expensesLn 25$74K

Balance Sheet

Part X · end of year
CashLn 1$822K
Total assetsLn 16$1.1M
Total liabilitiesLn 26$51K
Total net assetsLn 32$1.0M
Months of cash on handcomputed132.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $822K · Operating expenses/yr $74K
132.4 months
Where the money goes
Program services
Program services $58K · Total expenses $74K
78%
Management & General
Management & general $16K · Total expenses $74K
22%
Fundraising
Fundraising $0 · Total expenses $74K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $48K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $48K · Total revenue $56K
86%
Government reliance
Government grants — · Total revenue $56K
—
Earned-income share
Program service revenue $0 · Total revenue $56K
0%
Investment reliance
Investment income $7K · Total revenue $56K
+12%
Program self-sufficiency
Program service revenue $0 · Total expenses $74K
0%
Growth & trend
Revenue growth (YoY)
This year $56K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $1.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $56K · Expenses $74K
-33%
Liabilities-to-Assets
Total liabilities — · Total assets $1.1M
—
Net-asset ratio
Net assets $1.0M · Total assets $1.1M
95%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.1M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jack Strollo · Reported title CHAIRMAN · Highest reported compensation $0 · Total expenses $74K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $29K · Total expenses $74K
39%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 78%——
Overhead ratio 22%——

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.

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

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)$56K revenue · viewing · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

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

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.