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Nonprofiteer
← TRIANGLE RADIO READING SERVICE

Form 990 for tax year 2022

Filed by TRIANGLE RADIO READING SERVICE.

Totals

Total revenue
$201,017
Total expenses
$189,834
Contributions and grants received
$148,297
Grants paid
$0
Program service revenue
$0
Investment income
$12,286
Other revenue
$40,434
Total assets, end of year
$294,544
Total liabilities, end of year
$6,507
Net assets or fund balances, end of year
$288,037
Program services expenses (Part IX)
$107,362
Management and general expenses
$71,965
Fundraising expenses
$10,507
Program service expenses (Part III)
$107,362

Program services were 56.6% 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

    $6,100

  • 1f · All other contributions, gifts and grants

    $142,197

  • 3 · Investment income

    total $8,539 · excluded $8,539

  • 7a · Gross sales of assets other than inventory

    securities $91,439

  • 7b · Less cost or other basis and sales expenses

    securities $87,692

  • 7c · Gain or loss

    securities $3,747

  • 7d · Net gain or loss

    total $3,747 · excluded $3,747

  • 8a · Fundraising events: gross income

    $55,428

  • 8a · Fundraising events: contributions included on line 1c

    $6,100

  • 8b · Fundraising events: direct expenses

    $14,994

  • 8c · Net income from fundraising events

    total $40,434 · excluded $40,434

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $63,718 · program services $31,859 · management and general $31,859

  • 7 · Other salaries and wages

    total $39,744 · program services $17,029 · management and general $12,208 · fundraising $10,507

  • 10 · Payroll taxes

    total $10,065 · program services $6,814 · management and general $3,251

  • 11c · Fees: accounting

    total $2,500 · program services $1,693 · management and general $807

  • 13 · Office expenses

    total $7,555 · program services $5,114 · management and general $2,441

  • 16 · Occupancy

    total $34,870 · program services $23,607 · management and general $11,263

  • 22 · Depreciation, depletion and amortization

    total $8,421 · program services $5,701 · management and general $2,720

  • 23 · Insurance

    total $3,821 · program services $2,587 · management and general $1,234

  • 24a · Other expenses: EQUIPMENT MAINTENANCE &

    total $4,990 · program services $3,378 · management and general $1,612

  • 24b · Other expenses: TELEPHONE AND INTERNET

    total $4,439 · program services $3,005 · management and general $1,434

  • 24c · Other expenses: BANK AND INVESTMENT ACC

    total $2,934 · program services $1,986 · management and general $948

  • 24d · Other expenses: SUBSCRIPTIONS

    total $2,671 · program services $1,808 · management and general $863

  • 24e · All other expenses

    total $4,106 · program services $2,781 · management and general $1,325

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $22,926 · end of year $36,280

  • 10a · Land, buildings and equipment: cost or other basis

    $61,504

  • 10b · Land, buildings and equipment: accumulated depreciation

    $51,401

  • 10c · Land, buildings and equipment, net

    beginning of year $15,380 · end of year $10,103

  • 11 · Investments: publicly traded securities

    beginning of year $261,043 · end of year $246,911

  • 15 · Other assets

    beginning of year $1,250 · end of year $1,250

  • 19 · Deferred revenue

    end of year $5,250

  • 25 · Other liabilities

    beginning of year $1,257 · end of year $1,257

  • 27 · Net assets without donor restrictions

    beginning of year $299,342 · end of year $288,037

Mission and programs · 2022

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 $107,362

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Greg Suggs

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Iris Green

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Jim Cronin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sharon N Benton

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Darrell Gordon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brandon Hair

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Craig Hayward

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kim Otten

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robert Parrish

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Patricia Sikes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Walker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • May N Tran

    EXECUTIVE DIRECTOR

    Total calculated
    $74,197
    From this org
    $74,197
    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
2022
Filed
31 October 2023
IRS schema version
2022v5.0
Source object
202323059349301452

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