Form 990 for tax year 2023

Filed by TRIANGLE RADIO READING SERVICE.

Totals

Total revenue: $154,505
Total expenses: $196,497
Contributions and grants received: $133,652
Grants paid: $0
Program service revenue: $0
Investment income: $6,289
Other revenue: $14,564
Total assets, end of year: $250,197
Total liabilities, end of year: $1,257
Net assets or fund balances, end of year: $248,940
Program services expenses (Part IX): $122,534
Management and general expenses: $73,963
Fundraising expenses: $0
Program service expenses (Part III): $122,534

Program services were 62.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

1c · Fundraising events

$35,442
1f · All other contributions, gifts and grants

$98,210
3 · Investment income

total $8,071 · excluded $8,071
7a · Gross sales of assets other than inventory

securities $66,529
7b · Less cost or other basis and sales expenses

securities $68,311
7c · Gain or loss

securities -$1,782
7d · Net gain or loss

total -$1,782 · excluded -$1,782
8a · Fundraising events: gross income

$38,995
8a · Fundraising events: contributions included on line 1c

$35,442
8b · Fundraising events: direct expenses

$25,823
8c · Net income from fundraising events

total $13,172 · excluded $13,172
11a · Other revenue: SALES TAX REFUNDS

total $1,392 · excluded $1,392
11e · Other revenue, total

$1,392

Functional expenses

Part IX, the statement of functional expenses.

5 · Compensation of officers, directors and key employees

total $76,422 · program services $38,211 · management and general $38,211
7 · Other salaries and wages

total $41,559 · program services $31,169 · management and general $10,390
10 · Payroll taxes

total $9,068 · program services $6,139 · management and general $2,929
11c · Fees: accounting

total $3,450 · program services $2,336 · management and general $1,114
13 · Office expenses

total $5,113 · program services $3,462 · management and general $1,651
16 · Occupancy

total $33,244 · program services $22,506 · management and general $10,738
22 · Depreciation, depletion and amortization

total $6,132 · program services $4,151 · management and general $1,981
23 · Insurance

total $4,068 · program services $2,754 · management and general $1,314
24a · Other expenses: TELEPHONE AND INTERNET

total $5,100 · program services $3,453 · management and general $1,647
24b · Other expenses: BANK AND INVESTMENT ACC

total $2,784 · program services $1,885 · management and general $899
24c · Other expenses: EQUIPMENT MAINTENANCE &

total $2,782 · program services $1,883 · management and general $899
24d · Other expenses: SUBSCRIPTIONS

total $2,650 · program services $1,794 · management and general $856
24e · All other expenses

total $4,125 · program services $2,791 · management and general $1,334

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $36,280 · end of year $18,191
10a · Land, buildings and equipment: cost or other basis

$51,070
10b · Land, buildings and equipment: accumulated depreciation

$47,099
10c · Land, buildings and equipment, net

beginning of year $10,103 · end of year $3,971
11 · Investments: publicly traded securities

beginning of year $246,911 · end of year $226,785
15 · Other assets

beginning of year $1,250 · end of year $1,250
19 · Deferred revenue

beginning of year $5,250 · end of year $0
25 · Other liabilities

beginning of year $1,257 · end of year $1,257
27 · Net assets without donor restrictions

beginning of year $288,037 · end of year $248,940

Mission and programs · 2023

Mission

NORTH CAROLINA READING SERVICE TURNS PRINTED INFORMATION INTO AN AUDIO BASED MEDIA ACCESSIBLE TO PEOPLE WHO ARE BLIND OR WHO HAVE A PRINT DISABILITY. A PRINT DISABILITY INCLUDES ANYTHING THAT PREVENTS SOMEONE FROM HOLDING A BOOK, NEWSPAPER, MAGAZINE, ETC., DUE TO CONDITIONS SUCH AS ARTHRITIS, STROKE, MULTIPLE SCLEROSIS, ALS, OR PARALYSIS. PRINT DISABILITIES INCLUDE LOW VISION, TOTAL BLINDNESS, LEARNING DISABILITIES AND LITERACY CHALLENGES. CONTINUOUS PROGRAMMING IS PROVIDED 24/7, WHICH IS 168 HOURS A WEEK AND 8,736 HOURS A YEAR, TO AN ESTIMATED 20,000 INDIVIDUALS IN THE TRIANGLE AREA.

Activities or mission (Part I)

TO CONNECT PEOPLE WHO ARE BLIND AND PRINT IMPAIRED TO EACH OTHER, THEIR FAMILIES AND COMMUNITIES BY DELIVERING NEWS, INFORMATION AND SPECIAL PROGRAMS USING THE LATEST AUDIO TECHNOLOGY.

NORTH CAROLINA READING SERVICE TURNS PRINTED INFORMATION INTO AN AUDIO BASED MEDIA ACCESSIBLE TO PEOPLE WHO CANNOT SEE, HOLD, OR COMPREHEND PRINT MATERIAL. THIS SERVICE REACHED APPROXIMATELY 20,000 PEOPLE WHO LIVE IN THE GREATER TRIANGLE AREA OF NORTH CAROLINA. THIS SERVICE IS AVAILABLE 24 HOURS A DAY.

Expenses $122,534

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Greg SuggsGREG SUGGS

PRESIDENT

Total calculated

$0

Hours/week

1
Patricia SikesPATRICIA SIKES

VICE PRESIDENT

Total calculated

$0

Hours/week

1
Jim CroninJIM CRONIN

TREASURER

Total calculated

$0

Hours/week

1
Brandon HairBRANDON HAIR

SECRETARY

Total calculated

$0

Hours/week

1
Darrell GordonDARRELL GORDON

DIRECTOR

Total calculated

$0

Hours/week

1
Craig HaywardCRAIG HAYWARD

DIRECTOR

Total calculated

$0

Hours/week

1
Kim OttenKIM OTTEN

DIRECTOR

Total calculated

$0

Hours/week

1
Robert ParrishROBERT PARRISH

DIRECTOR

Total calculated

$0

Hours/week

1
Curtis HillCURTIS HILL

DIRECTOR

Total calculated

$0

Hours/week

1
Lori GravesLORI GRAVES

DIRECTOR

Total calculated

$0

Hours/week

1
Matt TowlerMATT TOWLER

DIRECTOR

Total calculated

$0

Hours/week

1
May N TranMAY N TRAN

EXECUTIVE DIRECTOR

Total calculated

$80,241

From this org

$80,241

From related orgs

$0

Other

$0

Hours/week

40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type: form_990
Tax year: 2023
Filed: 14 May 2025
IRS schema version: 2023v6.0
Source object: 202511349349309131

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