Trinity Foundation EIN 54-6126470

Trinity Foundation

EIN  54-6126470 Public charity (501(c)(3)) Richmond, VA
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Manages memorial funds and awards grants for church missions and activities.
Leadership
Corey Booker · President
Money in and out
$115K revenue, $201K expenses
Bottom line
85% program efficiency

Manages memorial funds and awards grants for church missions and activities. For fiscal year 2024 it reported $115K in revenue, $201K in expenses, and $2.3M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$115K
Pt VIII · Ln 12
Total expenses
$201K
Pt IX · Ln 25
Net assets
$2.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$85K
Where spending went · Part IX cols B–D
Program services $0.85 Management & general $0.15
Program efficiency
85%
of spending reaches programs▲ +32% vs prior filing year
Operating runway
136.5mo
months of highly liquid reserves at operating expense rate▼ -61% vs prior filing year
Surplus margin
-74%
revenue over expenses, this year▼ -109% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$115K
FY2024▲ +94%
Expenses
$201K
FY2024▲ +150%
Total assets
$2.3M
FY2024▼ -4%
Total liabilities
$0
FY2024
Total revenue
$115K
Pt VIII · Ln 12
Total expenses
$201K
Pt IX · Ln 25
Net assets
$2.3M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$85K
Total assetsPt X · Ln 16$2.3M
Program-expense ratioPt IX · col B85%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410
Mission & Programs · Part III

Where the work happens

3 program services account for $171K of program spending, described in the organization's own filed words · FY2024.
01

To grant assistance to trinity united methodist church programs including mission teams, public forum and staff development.

$119Kprogram expense
02

To perform community missions, outreach including crossover, vip care and chaplaincy services.

$38Kprogram expense
03

To provide collegiate and vocational scholarships to church members.

$14Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CTrinity Foundation
EINHdr · item D54-6126470
Principal addressHdr · item CRichmond, VA
WebsiteHdr · item Jwww.trinityumc.net
Year of formationHdr · item Lpending
State of legal domicileHdr · item MVA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFDec 1981

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 12aNo
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
President
$0Pt VII · Sec A
Financial Se
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Trinity Foundation executive salaries →

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Statement of Revenue

Part VIII
Investment income$107K · 93%
Contributions & grants$8K · 7%
Investment income93%$107K
Contributions & grants7%$8K
Total revenueLn 12$115K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.85 Management & general $0.15
Program services85%$171K
Management & general15%$30K
Total functional expensesLn 25$201K

Balance Sheet

Part X · end of year
CashLn 1$70K
Total assetsLn 16$2.3M
Total liabilitiesLn 26$0
Total net assetsLn 32$2.3M
Months of cash on handcomputed4.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2.3M · Operating expenses/yr $201K
136.5 months
Where the money goes
Program services
Program services $171K · Total expenses $201K
85%
Management & General
Management & general $30K · Total expenses $201K
15%
Fundraising
Fundraising $0 · Total expenses $201K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $11K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $8K · Total revenue $115K
7%
Government reliance
Government grants — · Total revenue $115K
Earned-income share
Program service revenue $0 · Total revenue $115K
0%
Investment reliance
Investment income $107K · Total revenue $115K
+93%
Program self-sufficiency
Program service revenue $0 · Total expenses $201K
0%
Growth & trend
Revenue growth (YoY)
This year $115K · Prior year $59K
+94%
Revenue CAGR
FY2020 $95K · FY2024 $115K
+5%
Net-asset trend (YoY)
End of year $2.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $115K · Expenses $201K
-74%
Liabilities-to-Assets
Total liabilities — · Total assets $2.3M
Net-asset ratio
Net assets $2.3M · Total assets $2.3M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $2.2M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.3M
97%
People & payroll
Highest Reported Total Compensation
Individual Corey Booker · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $201K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $201K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 85%
Overhead ratio 15%
Fundraising cost ratio 0%
Revenue growth 94%
Investment management fee ratio 1%
Accounting fee ratio 4%

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 · this organization's grantmaking
Grants paid · 19 grants · $497K · 2020–2024
Unitemized GrantFY2024$14,000
Friends of Bellemeade ParkVA · FY2024$7,500
Westview INCVA · FY2024$7,500
Friends of Barnabas GrantFY2023$12,000
Unitemized GrantFY2023$10,700
The Pace CenterFY2023$7,500
Friends of Bellemeade ParkVA · FY2023$6,500
Unitemized GrantFY2022$15,378
The Pace CenterFY2022$10,000
Unitemized GrantFY2021$9,967
Celebrate RvaVA · FY2021$7,500
Unitemized GrantFY2020$12,500
See all 19 grants →

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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)$115K revenue · viewing · ⤓ 990 PDF
FY2023$59K revenue · ⤓ 990 PDF
FY2022$77K revenue · ⤓ 990 PDF
FY2021$88K revenue · ⤓ 990 PDF
FY2020$95K 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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