The Triskeles Foundation FY2020 filing

Glenmoore, PAUnknown exempt organization EIN 75-3023740Revenue $4.0M in FY2020Latest return filed Apr 30, 2021

On file with the IRStriskeles.org224 Nantmeal Road · Glenmoore, PA

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To co-create a conscious and sustainable world through engaged philanthrophy

97¢ of each $1 spent went to programs.
$109K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 2
filings with a surplus
Average deficit $503K a year · 25% of revenue · last 2 filings
Concern: a surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$109K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Plus $15.3M in investments, Pt X · Ln 11–13
Fine: 0.1 months of spending in cash, plus $15.3M in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $20K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$7.6M
48% of total assets
Looks good: liabilities are 48% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 11 voting members
Looks good: 10 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.0M
Spent
$4.9M
To programs
97%
Net assets
$8.2M
By yearFY2020–FY2021
Revenue
$4.0M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$4.0M
FY2021$53K
Expenses
$4.9M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$4.9M
FY2021$193K
Net assets
$8.2M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$8.2M
FY2021$0

From the FY2020 Form 990 (year ending September 2020) · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2021) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2021.

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

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $4.8M Management & general 2% · $108K Fundraising 0% · $16K

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

11 people listed on the 990; $109K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$109,076Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2021FY2020
Clemens Pietzner$109,076$109,076

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 The Triskeles Foundation 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Fosters conscious, sustainable futures through collaborative philanthropy.

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Provided by the organization

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1 program · $4.8M · in their own filed words · FY2019
01

To provide philanthropic services to support a range of donor intentions. This includes a donor advised fund program, planned gift coordination, and philanthropic education. Funds are invested in high impact, socially RESPONSIBLE/SUBSTAINABLE investments managed by independent investment professionals.

$4.8Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2019
Total grants receivedfrom 2 funders$20K
Grants paid · 109 grants · $2.7M · 2019–2019
Revolution SchoolPA · FY2019$380,000
Common Counsel FoundationCA · FY2019$250,000
Oakland Community Land TrustCA · FY2019$125,000
Press StreetLA · FY2019$105,000
Williams CollegeMA · FY2019$100,000
Bring IT Home Florida INCFL · FY2019$80,720
Solidaire Network INCCA · FY2019$75,000
Women Donors NetworkCA · FY2019$50,000
Generative SomaticsCA · FY2019$50,000
Ragged Wing EnsembleCA · FY2019$35,000
Hope Community Services INCNY · FY2019$32,400
The Philadelphia FoundationPA · FY2019$32,016
Shakti Rising INCCA · FY2019$30,000
Dancing GroundsLA · FY2019$30,000
See all 109 grants →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$4.0M
Ln 12
Gifts and grantsLn 1h$3.7M
Fees for servicesLn 2g$171K
Investment incomeLn 3$149K
Money outPt IX
$4.9M
Ln 25
Programscol B$4.8M
Managementcol C$108K
Fundraisingcol D$16K
Owns and owesPt X
$8.2M
net assets · Ln 32
Cash and savingsLn 1–2$60K
Total assetsLn 16$15.8M
LiabilitiesLn 26$7.6M
PeoplePt VI, VII
11
listed · VII A
PaidVII A1
Voting boardVI 1a11
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.7M
Noncash giftsLn 1g$1.9M
Fundraising eventsLn 1c$17K
Fees for servicesLn 2g$171K
Investment incomeLn 3$149K
Other incomeLn 4–11$29K
Gains on assetsLn 7$2K
Total revenueLn 12$4.0M
Assets in detailPt X, end of year
CashLn 1$49K
SavingsLn 2$10K
Cash and savings togetherLn 1–2$60K
InvestmentsLn 11–13$15.3M
Total assetsLn 16$15.8M
LiabilitiesLn 26$7.6M
Net assetsLn 32$8.2M
OperationsPt I, VI
EmployeesI 53
VolunteersI 610
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Abroad and in kindSch F, M
Grants to other countriesSch F Pt II–III$114K
Noncash gifts receivedSch M Pt I$1.9M
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$203K$60K
InvestmentsLn 11–13$14.8M$15.3M
Total assetsLn 16$17.0M$15.8M
LiabilitiesLn 26$7.4M$7.6M
Net assetsLn 32$9.7M$8.2M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$4.3M$4.3M
Grants and assistance to foreign recipientsLn 3$114K$114K
Pay of current officers, directors and key staffLn 5$111K$85K$23K$3K
Other salaries and wagesLn 7$102K$57K$39K$6K
Pension plan contributionsLn 8$2K$1K$752$134
Payroll taxesLn 10$17K$11K$5K$756
Legal feesLn 11b$45K$29K$13K$2K
Accounting feesLn 11c$33K$22K$10K$1K
Investment management feesLn 11f$144K$144K
Other fees for servicesLn 11g$20K$13K$6K$805
Advertising and promotionLn 12$5K$3K$2K$200
Office expensesLn 13$15K$10K$4K$604
OccupancyLn 16$6K$4K$2K$252
TravelLn 17$3K$3K$188
Conferences, conventions and meetingsLn 19$1K$1K$163$16
InsuranceLn 23$6K$4K$2K$260
Other expenses (24a–d)Ln 24$2K$2K$270$36
Total functional expensesLn 25$4.9M$4.8M$108K$16K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 LatestFiled with the IRS Apr 30, 2021 $53K$193K−$140K$0 990 PDF
FY2020 ViewingFiled with the IRS Feb 25, 2021 $4.0M$4.9M−$866K$8.2M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants F · Foreign M · Noncash O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $4,023,797 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $7,359,390$3,675,030
I-9 Program service revenuePrior year $157,839$170,772
I-10 Investment incomePrior year $293,039$148,742
I-11 Other revenuePrior year $67,347$29,253
I-12 Total revenuePrior year $7,877,615$4,023,797
I-13 Grants and similar amounts paidPrior year $2,818,124$4,376,294
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $333,401$231,965
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $249,957$281,171
I-18 Total expensesPrior year $3,401,482$4,889,430
I-19 Revenue less expensesPrior year $4,476,133−$865,633
Part VI · Governance 10 of 11 board members independent, 1 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members10
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $4,023,797 across 9 lines filed
VIII-1c Fundraising events$16,598
VIII-1f All other contributions, gifts and grants$3,658,432
VIII-1g Noncash contributions (included above)$1,941,562
VIII-1h Total contributions, gifts and grants$3,675,030
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $170,772$170,772
VIII-3 Investment incomeExcluded from tax $146,864$146,864
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,878$1,878
VIII-8 Net income from fundraising eventsExcluded from tax $29,253$29,253
VIII-12 Total revenueRelated to mission $170,772 · Unrelated business $0 · Excluded from tax $177,995$4,023,797
Part IX · Statement of functional expenses $4,889,430 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $4,262,749$4,262,749
IX-3 Grants and assistance to foreign recipientsPrograms $113,545$113,545
IX-5 Pay of current officers, directors and key staffPrograms $84,556 · Management $23,364 · Fundraising $3,338$111,258
IX-7 Other salaries and wagesPrograms $56,872 · Management $39,121 · Fundraising $6,039$102,032
IX-8 Pension plan contributionsPrograms $1,156 · Management $752 · Fundraising $134$2,042
IX-10 Payroll taxesPrograms $10,969 · Management $4,908 · Fundraising $756$16,633
IX-11b Legal feesPrograms $29,375 · Management $13,352 · Fundraising $1,780$44,507
IX-11c Accounting feesPrograms $21,972 · Management $9,987 · Fundraising $1,332$33,291
IX-11f Investment management feesPrograms $143,844$143,844
IX-11g Other fees for servicesPrograms $13,276 · Management $6,035 · Fundraising $805$20,116
IX-12 Advertising and promotionPrograms $3,300 · Management $1,500 · Fundraising $200$5,000
IX-13 Office expensesPrograms $10,078 · Management $4,499 · Fundraising $604$15,181
IX-16 OccupancyPrograms $4,172 · Management $1,897 · Fundraising $252$6,321
IX-17 TravelPrograms $2,916 · Management $188$3,104
IX-19 Conferences, conventions and meetingsPrograms $1,103 · Management $163 · Fundraising $16$1,282
IX-23 InsurancePrograms $4,290 · Management $1,950 · Fundraising $260$6,500
IX-24 Other expenses (24a–d)Programs $1,719 · Management $270 · Fundraising $36$2,025
IX-25 Total functional expensesPrograms $4,765,892 · Management $107,986 · Fundraising $15,552$4,889,430
Part X · Balance sheet $15,813,398 assets, 16 lines filed
Asset lines not itemized here account for $427,000; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $9,854$49,364
X-2 Savings and temporary cash investmentsStart of year $193,002$10,151
X-3 Pledges and grants receivableStart of year $3,118$0
X-4 Accounts receivableStart of year $4,359$721
X-9 Prepaid expenses and deferred chargesStart of year $3,205$1,202
X-11 Publicly traded securitiesStart of year $14,831,994$15,324,960
X-16 Total assetsStart of year $17,031,594$15,813,398
X-17 Accounts payable and accrued expensesStart of year $35,086$3,364
X-19 Deferred revenueStart of year $9,400$0
X-24 Unsecured notes and loans payable$50,227
X-25 Other liabilitiesStart of year $7,314,773$7,518,018
X-26 Total liabilitiesStart of year $7,359,259$7,571,609
X-27 Net assets without donor restrictionsStart of year $9,580,364$8,241,789
X-28 Net assets with donor restrictionsStart of year $91,971$0
X-32 Total net assets or fund balancesStart of year $9,672,335$8,241,789
X-33 Total liabilities and net assetsStart of year $17,031,594$15,813,398
Part XI · Reconciliation of net assets $8,241,789 net assets at year end
XI-1 Total revenue$4,023,797
XI-2 Total expenses$4,889,430
XI-3 Revenue less expenses−$865,633
XI-4 Net assets at start of year$9,672,335
XI-5 Net unrealized gains (losses) on investments−$564,913
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$8,241,789

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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