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The Troy Foundation

Troy, OH · EIN 31-6018703 · 501(c)(3) · Publicly supported organization (170(b)(1)(A)(vi))
Latest filing: Form 990 for calendar year 2024 (tax year 2024) · View the filing · Correct or respond

The Troy Foundation reported $13.5 million in revenue and $11.4 million in expenses for calendar year 2024. Of every $100 it spent, $87.79 went to program services, $12.21 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 63.0% of the total. The highest compensation it reported for one person was $181,988 (PRESIDENT &). 1 person received more than $100,000 in reportable compensation. Revenue fell 7% between 2019 and 2024. Source: Form 990, 2024.

Where $100 of spending went

Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $11M

Program services$87.79 $10.0M
Management & general$12.21 $1.4M
Fundraising$0.00 $0

For context, the median across 1,001 covered philanthropy, voluntarism & grantmaking charities: $91.65 programs, $6.50 management, $1.85 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

Calendar year 2024 · Form 990, Part VIII · total revenue $13M

Contributions & grants (non-government)$63.00 $8.5M
Investment income$36.80 $5.0M
Other revenue$0.20 $26,361

The 990 scorecard · same measures for every charity, no grades

2024 filing. Median across 1,001 covered charities in this category, from their latest filings.
Measure	2024	Median
Program services Part IX 25(B) ÷ 25(A)	87.8%	90.2%
Management & general Part IX 25(C) ÷ 25(A)	12.2%	6.4%
Fundraising Part IX 25(D) ÷ 25(A)	0.0%	1.8%
Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h	$0.00	$0.02
Contributions & grants share of revenue Part VIII 1h ÷ 12	63.0%	79.9%
Government grants share of revenue Part VIII 1e ÷ 12	0.0%	0.0%
Program service revenue share Part VIII 2g ÷ 12	0.0%	0.0%
Highest reported compensation Part VII-A, columns D–F	$181,988	$325,675
Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A)	1.60%	1.56%
People paid over $100,000 Part VII, line 2	1	3
Net assets, in months of expenses Part X 33(B) ÷ monthly expenses	157.5	56.6
Independent voting board members Part VI 1a–1b	11 of 12	100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

2024 · Form 990, Part III · the three largest programs by expense

$10.0M expenses · 100.0% of program spending · grants $10.0M

The Troy Foundation provides grants to organizations providing services in the areas of arts and culture, education, health and human services, social studies, youth development, beautification, protecting wildlife and the environment, and emergency grants to assist non-profits

Highest reported compensation

2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here

Role	From this org	From related orgs	Other	Total
PRESIDENT & Officer, 39.90 hrs/week	$150,000	$0	$31,988	$181,988

1 people received more than $100,000 in reportable compensation from The Troy Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $182K (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked

RevenueExpenses

Filing	Revenue	Expenses	Programs	Net assets	Top pay
2024 ⓘ	$13M	$11M	87.8%	$149M	$181,988
2023 ⓘ	$12M	$10M	91.5%	$133M	$174,917
2022 ⓘ	$12M	$8.6M	90.1%	$116M	$164,529
2021 ⓘ	$15M	$8.1M	90.2%	$139M	$157,649
2020 ⓘ	$16M	$8.0M	91.3%	$116M	$150,643
2019 ⓘ	$14M	$8.5M	91.6%	$98M	$146,765

Governance answers, as filed

2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means

Voting board members, and how many are independent Part VI, lines 1a–1b12 · 11 independent
Audited financial statements Part XII 2bYes
Conflict-of-interest policy Part VI 12aYes
Whistleblower policy Part VI 13Yes
Document retention policy Part VI 14Yes
Independent process for top executive pay Part VI 15aYes
Board given the 990 before filing Part VI 11aYes
Family or business ties among insiders Part VI 2Yes
Aware of a significant diversion of assets Part VI 5No
Excess benefit transaction with an insider Part IV 25aNo
Loans to or from insiders outstanding Part IV 26No
Lobbying, or a 501(h) election in effect Part IV 4No
Over $15,000 of professional fundraising services Part IV 18No
Over $10,000 of activity outside the U.S. Part IV 14bNo
Employees Part I, line 57
Volunteers Part I, line 622

Largest outside contractors

2024 · Form 990, Part VII, Section B · businesses only

US BANK
Investment mana

$295,329

Individuals listed as contractors are left out. 1 contractors were paid more than $100,000 in all.

Private foundation grants it received

1 private foundation reported grants to The Troy Foundation totaling $25 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from The Troy Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for The Troy Foundation, you can publish a response that is linked from this page.

Report a correction Respond as The Troy Foundation How this works

Similar-sized charities in this cause

Broward College Foundation
Fort Lauderdale, FL · revenue $13M · programs 79.8% · 2024
The Community Foundation of Northwest Georgia
Dalton, GA · revenue $13M · programs 81.6% · 2024
Community Foundation Serving Western Virginia
Roanoke, VA · revenue $13M · programs 62.9% · FY2025
Flying T Nil
Austin, TX · revenue $14M · programs 95.6% · 2024
Topeka Community Foundation
Topeka, KS · revenue $13M · programs 92.4% · 2024

All philanthropy, voluntarism & grantmaking charities · Largest charities in Ohio

Questions people ask

How much of The Troy Foundation's spending goes to programs?

In calendar year 2024, The Troy Foundation reported that 87.8% of its $11.4 million in expenses went to program services, 12.2% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does The Troy Foundation pay its top executive?

The largest total compensation The Troy Foundation reported for one person in calendar year 2024 was $181,988, for the role of PRESIDENT & (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does The Troy Foundation get its money?

Of $13.5 million in revenue in calendar year 2024, 63.0% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).

Is The Troy Foundation a registered charity?

The IRS lists EIN 31-6018703 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

2024: Form 990 for calendar year 2024, object 202543219349302659 · read the filing · XML
2023: Form 990 for calendar year 2023, object 202433059349302818 · read the filing
2022: Form 990 for calendar year 2022, object 202343199349325239 · read the filing
2021: Form 990 for calendar year 2021, object 202223199349302807 · read the filing
2020: Form 990 for calendar year 2020, object 202103149349306775 · read the filing
2019: Form 990 for calendar year 2019, object 202043179349307074 · read the filing

All filings for EIN 31-6018703: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.