Dr and Mrs R Faser Triplett Foundation
Only null% goes to programs Strong reserves Declining revenue
Dr and Mrs R Faser Triplett Foundation is a 501(c)(3) organization based in Madison, Mississippi, registered in 1997, with -$158,773 in FY2024 revenue. CharityIndex grades it F.
124 One Madison Plz Ste 1500, Madison, MS, 39110 EIN 72-1361246 Since 1997
Revenue (FY2024)
-$159K
▼ 137.3% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$713K
Net assets
$6.3M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
F
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Dr and Mrs R Faser Triplett Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating106 mo reserves · -549% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Dr and Mrs R Faser Triplett Foundation: 106 mo reserves · -549% margin earns a F on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Dr and Mrs R Faser Triplett Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Dr and Mrs R Faser Triplett Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 124 One Madison Plz Ste 1500, Madison, MS, 39110
- City
- Madison
- State
- Mississippi
- Subcategory
- Private Foundations
Financial trends
Revenue declined from $218K (FY2013) to -$159K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $6.3M
Operating margin
-549.4%
Spent more than it raised in the latest fiscal year.
Total assets
$6.3M
Total liabilities
$0
Net assets
$6.3M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | -$158,773▼137% | $713,497▲6.1% | $6,290,279▼12.2% | $6,290,279▼12.2% | 990PF |
| 2023 | $425,431▼33.0% | $672,340▼13.3% | $7,162,549▼3.3% | $7,162,549▼3.3% | 990PF |
| 2022 | $634,527▼0.4% | $775,471▲44.5% | $7,409,458▼1.9% | $7,409,458▼1.9% | 990PF |
| 2021 | $637,086▲50.2% | $536,606▲20.7% | $7,550,402▲1.3% | $7,550,402▲1.3% | 990PF |
| 2020 | $424,196▼32.2% | $444,418▼49.3% | $7,449,922▼0.3% | $7,449,922▼0.3% | 990PF |
| 2019 | $625,606▲51.1% | $876,804▲46.0% | $7,470,144▼3.3% | $7,470,144▼3.3% | 990PF |
| 2018 | $413,992▼31.5% | $600,498▲147% | $7,721,342▼2.4% | $7,721,342▼2.4% | 990PF |
| 2017 | $604,112▼74.5% | $242,847▼49.8% | $7,907,848▲4.8% | $7,907,848▲4.8% | 990PF |
| 2016 | $2,373,032▲18.1% | $484,027▲31.1% | $7,546,583▲33.4% | $7,546,583▲33.4% | 990PF |
| 2015 | $2,009,015▲497% | $369,232▼25.8% | $5,657,578▲40.8% | $5,657,578▲40.8% | 990PF |
| 2014 | $336,444▲54.7% | $497,595▲95.3% | $4,017,795▲2.3% | $4,017,795▲2.3% | 990PF |
| 2013 | $217,536 | $254,743▲5986% | $3,926,843▲18872% | $3,926,843▲16126% | 990PF |
| 2011 | — | $4,186▲151% | $20,698▼12.3% | $24,201▲2.5% | 990PF |
| 2010 | — | $1,667 | $23,601 | $23,601 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Dr and Mrs R Faser Triplett Foundation a legitimate nonprofit?
- Yes. Dr and Mrs R Faser Triplett Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 72-1361246, based in Madison, Mississippi. Donations are tax-deductible.
- What is Dr and Mrs R Faser Triplett Foundation's EIN?
- Dr and Mrs R Faser Triplett Foundation's Employer Identification Number (EIN) is 72-1361246.
- How much revenue does Dr and Mrs R Faser Triplett Foundation report?
- Dr and Mrs R Faser Triplett Foundation reported -$158,773 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Dr and Mrs R Faser Triplett Foundation have?
- CharityIndex grades Dr and Mrs R Faser Triplett Foundation F, based on financial health (reserves and operating margin).
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Data for Dr and Mrs R Faser Triplett Foundation (EIN 72-1361246) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.