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Nonprofiteer
← TRIANGLE COMMUNITY FOUNDATION

Form 990 for tax year 2022

Filed by TRIANGLE COMMUNITY FOUNDATION.

Totals

Total revenue
$30,227,826
Total expenses
$31,644,448
Contributions and grants received
$19,556,148
Grants paid
$27,763,458
Program service revenue
$0
Investment income
$10,440,080
Other revenue
$231,598
Total assets, end of year
$281,678,721
Total liabilities, end of year
$18,325,055
Net assets or fund balances, end of year
$263,353,666
Program services expenses (Part IX)
$29,221,343
Management and general expenses
$2,227,998
Fundraising expenses
$195,107
Program service expenses (Part III)
$29,221,343

Program services were 92.3% 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.

  • 1d · Related organizations

    $1,860,090

  • 1f · All other contributions, gifts and grants

    $17,696,058

  • 3 · Investment income

    total $3,671,108 · unrelated business -$39,489 · excluded $3,710,597

  • 7a · Gross sales of assets other than inventory

    securities $105,063,905 · other assets $8,561

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

    securities $98,303,494 · other assets $0

  • 7c · Gain or loss

    securities $6,760,411 · other assets $8,561

  • 7d · Net gain or loss

    total $6,768,972 · unrelated business $872,842 · excluded $5,896,130

  • 11a · Other revenue: OTHER INCOME

    total $231,598 · excluded $231,598

  • 11e · Other revenue, total

    $231,598

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $27,754,058 · program services $27,754,058

  • 2 · Grants to domestic individuals

    total $9,400 · program services $9,400

  • 5 · Compensation of officers, directors and key employees

    total $532,901 · program services $261,121 · management and general $236,182 · fundraising $35,598

  • 7 · Other salaries and wages

    total $1,362,306 · program services $667,530 · management and general $603,774 · fundraising $91,002

  • 8 · Pension plan contributions

    total $72,394 · program services $35,473 · management and general $32,085 · fundraising $4,836

  • 9 · Other employee benefits

    total $169,423 · program services $83,018 · management and general $75,088 · fundraising $11,317

  • 10 · Payroll taxes

    total $133,793 · program services $65,559 · management and general $59,297 · fundraising $8,937

  • 11b · Fees: legal

    total $6,393 · management and general $3,197 · fundraising $3,196

  • 11c · Fees: accounting

    total $79,035 · management and general $79,035

  • 11f · Fees: investment management

    total $835,147 · management and general $835,147

  • 11g · Fees: other

    total $75,987 · program services $6,868 · management and general $68,183 · fundraising $936

  • 12 · Advertising and promotion

    total $2,750 · fundraising $2,750

  • 13 · Office expenses

    total $87,229 · program services $42,411 · management and general $38,698 · fundraising $6,120

  • 14 · Information technology

    total $92,643 · program services $45,395 · management and general $41,059 · fundraising $6,189

  • 16 · Occupancy

    total $213,721 · program services $104,723 · management and general $94,721 · fundraising $14,277

  • 17 · Travel

    total $24,582 · program services $12,045 · management and general $10,895 · fundraising $1,642

  • 19 · Conferences, conventions and meetings

    total $96,465 · program services $46,490 · management and general $42,844 · fundraising $7,131

  • 22 · Depreciation, depletion and amortization

    total $110,029 · program services $53,914 · management and general $48,765 · fundraising $7,350

  • 23 · Insurance

    total $16,134 · program services $7,906 · management and general $7,151 · fundraising $1,077

  • 24a · Other expenses: PROGRAM ADMINISTRATION

    total $60,577 · program services $60,577

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $38,796 · program services $19,010 · management and general $17,195 · fundraising $2,591

  • 24c · Other expenses: PROFESSIONAL DEVELOPMEN

    total $29,869 · program services $14,636 · management and general $13,238 · fundraising $1,995

  • 24d · Other expenses: COMMUNITY EVENTS

    total $18,056 · program services $18,056

  • 24e · All other expenses

    total -$177,240 · program services -$86,847 · management and general -$78,556 · fundraising -$11,837

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,272,791 · end of year $4,212,946

  • 4 · Accounts receivable

    beginning of year $67,394 · end of year $21,332

  • 9 · Prepaid expenses and deferred charges

    beginning of year $15,500 · end of year $15,500

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

    $1,024,990

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

    $705,545

  • 10c · Land, buildings and equipment, net

    beginning of year $412,936 · end of year $319,445

  • 11 · Investments: publicly traded securities

    beginning of year $136,880,607 · end of year $147,411,280

  • 12 · Investments: other securities

    beginning of year $118,607,455 · end of year $124,080,528

  • 15 · Other assets

    beginning of year $5,378,363 · end of year $5,617,690

  • 17 · Accounts payable and accrued expenses

    beginning of year $142,164 · end of year $111,531

  • 18 · Grants payable

    beginning of year $1,234,619 · end of year $1,105,685

  • 21 · Escrow or custodial account liability

    beginning of year $15,900,620 · end of year $16,344,808

  • 25 · Other liabilities

    beginning of year $259,391 · end of year $763,031

  • 27 · Net assets without donor restrictions

    beginning of year $246,719,890 · end of year $258,450,467

  • 28 · Net assets with donor restrictions

    beginning of year $5,378,362 · end of year $4,903,199

Mission and programs · 2022

Mission

WE INSPIRE AND MOBILIZE GIVING, LEADERSHIP, AND ACTION.

Activities or mission (Part I)

TRIANGLE COMMUNITY FOUNDATION CONNECTS PHILANTHROPIC RESOURCES WITH COMMUNITY NEEDS, CREATES OPPORTUNITY FOR ENLIGHTENED CHANGES AND ENCOURAGES PHILANTHROPY AS A WAY OF LIFE.

  • TRIANGLE COMMUNITY FOUNDATION CONNECTS PHILANTHROPIC RESOURCES WITH COMMUNITY NEEDS, CREATES OPPORTUNITY FOR ENLIGHTENED CHANGE AND ENCOURAGES PHILANTHROPY AS A WAY OF LIFE.

    Expenses $27,915,176 · Grants $27,763,458

  • PHILANTHROPIC EVENTS - EVENTS FOR NONPROFITS INCLUDE: FORUMS TO CONNECT WITH DONORS; CAPACITY BUILDING WORKSHOPS.

    Expenses $760,559

  • DONOR SERVICES - SERVICES TO DONORS INCLUDE: MEETINGS WITH FOUNDATION STAFF; NETWORKING; EDUCATION AROUND LOCAL ISSUES.

    Expenses $545,608

As filed on the 2022 return.

Listed in Part VII

  • CHRIS DEVITA

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • MICHAEL SCHOENFELD

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • LARRY ROCAMORA

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • PHIL LAMBERT

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • REBECCA BALTER

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • CAROLINE ABBOTT

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • CREIGHTON BLACKWELL

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • CRYSTAL GERMAN

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • MICHAEL GOODMON

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • RAVILA GUPTA

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • LILYN HESTER

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • WAYNE MORGAN

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • VIJAY SHAH

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • TIM TROST

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • MELINDA WIGGINS

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • RICK GUIRLINGER

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • LATOYA KING

    COO (AS OF 10/22)

    Total calculated
    $27,005
    From this org
    $26,029
    From related orgs
    $0
    Other
    $976
    Hours/week
    40

  • LORI O'KEEFE

    PRESIDENT & CEO

    Total calculated
    $254,486
    From this org
    $203,789
    From related orgs
    $0
    Other
    $50,697
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $203,789
    Bonus
    $0
    Other
    $0
    Deferred
    $25,992
    Nontaxable benefits
    $24,705
    Filer's total
    $254,486

  • ROBERT NAYLOR

    CFO

    Total calculated
    $184,382
    From this org
    $153,990
    From related orgs
    $0
    Other
    $30,392
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,990
    Bonus
    $0
    Other
    $0
    Deferred
    $9,470
    Nontaxable benefits
    $20,922
    Filer's total
    $184,382

  • KENNETH BAROFF

    VP DONOR DEV (UNTIL 01/23)

    Total calculated
    $157,961
    From this org
    $146,368
    From related orgs
    $0
    Other
    $11,593
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $146,368
    Bonus
    $0
    Other
    $0
    Deferred
    $8,608
    Nontaxable benefits
    $2,985
    Filer's total
    $157,961

  • LINDSAY HARRELL

    CONTROLLER

    Total calculated
    $139,869
    From this org
    $121,539
    From related orgs
    $0
    Other
    $18,330
    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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • DURHAM ARTS COUNCIL ENDOWMENT FUND

    501(C)(3) · TO PROVIDE A PERMANENT ENDOWMENT OF SUPPORT FOR LOCAL ARTS ORGANIZATIONS · NC · controlled entity

    Directly controlled by TRIANGLE COMMUNITY FOUNDATION

  • TCF REAL ESTATE FOUNDATION

    501(C)(3) · RECEIVES, MANAGES, AND SELLS REAL ESTATE, GRANTS TO TCF · NC · controlled entity

    Directly controlled by TRIANGLE COMMUNITY FOUNDATION

Provenance

Return type
form_990
Tax year
2022
Filed
15 March 2024
IRS schema version
2022v5.0
Source object
202430819349300813

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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