Triangle Family Services Inc
- Assets
- $2.9m
- Revenue
- $3.9m
- Investments
- $37.0k
- Employees
- 99
- Location
- Raleigh, NC
- Founding
- 03/1938
- Data as of
- 06/2023
- EIN
- 56-0547491
Organization Overview
Triangle Family Services Inc is located in Raleigh, NC. The organization was established in 1938. According to its NTEE Classification (P40) the organization is classified as: Family Services, under the broad grouping of Human Services and related organizations. As of 06/2023, Triangle Family Services Inc employed 99 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Triangle Family Services Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Triangle Family Services Inc generated $3.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $4.5m during the year ending 06/2023. While expenses have increased by 5.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TRIANGLE FAMILY SERVICE'S MISSION IS TO BUILD A STRONGER COMMUNITY BY STENGTHENING THE FAMILY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MENTAL HEALTH: TFS PROVIDES OUTPATIENT THERAPY TO CHILDREN, ADULTS AND FAMILIES FOR AN ARRAY OF MENTAL HEALTH CONCERNS, WITH A FOCUS ON TREATING TRAUMA ACROSS THE LIFESPAN. TFS THERAPISTS ARE CREDENTIALED IN EVIDENCE-BASED THERAPIES FOR TRAUMA, WITH A SPECIALTY IN SERVING CHILDREN AND FAMILIES WHO EXPERIENCE SEXUAL ABUSE OR PROBLEM SEXUAL BEHAVIOR. THERAPEUTIC SERVICES ALSO INCLUDE PARENTING EDUCATION AND PARENT SUPPORT GROUPS.
HOMELESS & STREET OUTREACH: TFS PROVIDES A COMPREHENSIVE RANGE OF INTERVENTIONS IN THE LOCAL HOMELESS ENGAGEMENT SERVICE SYSTEM, TO INCLUDE STREET OUTREACH, EMERGENCY SHELTER SERVICES, RAPID REHOUSING, PERMANENT SUPPORTIVE HOUSING, AND EVICTION PREVENTION -- ALL INVOLVING A COMBINATION OF COMPREHENSIVE CASE MANAGEMENT AND FINANCIAL ASSISTANCE.
FINANCIAL STABILITY: TFS HUD-CERTIFIED COUNSELORS OFFER INDIVIDUAL AND GROUP FINANCIAL COUNSELING SERVICES COVERING TOPICS SUCH AS BUDGETING, CREDIT REPAIR AND SAVINGS STRATEGIES.
FAMILY SAFETY: TFS PROVIDES PSYCHOEDUCATIONAL GROUPS AND INDIVIDUAL CASE MANAGEMENT FOR CLIENTS WHO HAVE BEEN COURT-ORDERED OR CPS-MANDATED TO ATTEND A DOMESTIC VIOLENCE INTERVENTION PROGRAM OR AN ANGER MANAGEMENT PROGRAM. ADDITIONALLY, TFS OFFERS SUPERVISED VISITATION FOR CHILDREN TO SPEND TIME WITH THEIR NON-CUSTODIAL PARENT AND FAMILY DURING UNRESOLVED LEGAL ISSUES OR FAMILY CRISIS, AS WELL AS FACILITATED EXCHANGE FOR OFF-SITE VISITATION TO MINIMIZE CHILD EXPOSURE TO PARENTAL CONFLICTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Russ Jones Chair | OfficerTrustee | 1 | $0 |
Kimberly Bartman Vice Chair | OfficerTrustee | 1 | $0 |
Michael Sandman Secretary | OfficerTrustee | 1 | $0 |
Kim Clark Treasurer | OfficerTrustee | 1 | $0 |
Nidal Alawar Director | Trustee | 1 | $0 |
Angela Boykin Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $50,000 |
| Membership dues | $0 |
| Fundraising events | $79,100 |
| Related organizations | $0 |
| Government grants | $2,084,109 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,127,501 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,340,710 |
| Total Program Service Revenue | $587,549 |
| Investment income | $12,049 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$72,935 |
| Net Income from Fundraising Events | -$14,727 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,879,516 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $424,554 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $399,870 |
| Compensation of current officers, directors, key employees. | $235,177 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,333,622 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $285,326 |
| Payroll taxes | $232,129 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $959 |
| Fees for services: Accounting | $42,799 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $311,900 |
| Advertising and promotion | $0 |
| Office expenses | $81,851 |
| Information technology | $136,431 |
| Royalties | $0 |
| Occupancy | $73,731 |
| Travel | $31,618 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,670 |
| Interest | $34 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $62,640 |
| Insurance | $0 |
| All other expenses | $2,775 |
| Total functional expenses | $4,498,691 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $337,188 |
| Savings and temporary cash investments | $592,488 |
| Pledges and grants receivable | $388,790 |
| Accounts receivable, net | $25,394 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $41,629 |
| Net Land, buildings, and equipment | $1,430,609 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $36,997 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,853,095 |
| Accounts payable and accrued expenses | $152,319 |
| Grants payable | $0 |
| Deferred revenue | $58,197 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $210,516 |
| Net assets without donor restrictions | $2,642,579 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,853,095 |