Triangle Community Foundation
- Assets
- $281.7m
- Revenue
- $30.2m
- Investments
- $124.1m
- Employees
- 22
- Location
- Durham, NC
- Founding
- 03/1984
- Data as of
- 06/2023
- EIN
- 56-1380796
Organization Overview
Triangle Community Foundation is located in Durham, NC. The organization was established in 1984. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2023, Triangle Community Foundation employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Triangle Community Foundation 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 Community Foundation generated $30.2m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $31.6m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Triangle Community Foundation has awarded 5,573 individual grants totaling $220,055,153. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TRIANGLE COMMUNITY FOUNDATION CONNECTS PHILANTHROPIC RESOURCES WITH COMMUNITY NEEDS, CREATES OPPORTUNITY FOR ENLIGHTENED CHANGES AND ENCOURAGES PHILANTHROPY AS A WAY OF LIFE.
Describe the Organization's Program Activity:
TRIANGLE COMMUNITY FOUNDATION CONNECTS PHILANTHROPIC RESOURCES WITH COMMUNITY NEEDS, CREATES OPPORTUNITY FOR ENLIGHTENED CHANGE AND ENCOURAGES PHILANTHROPY AS A WAY OF LIFE.
PHILANTHROPIC EVENTS - EVENTS FOR NONPROFITS INCLUDE: FORUMS TO CONNECT WITH DONORS; CAPACITY BUILDING WORKSHOPS.
DONOR SERVICES - SERVICES TO DONORS INCLUDE: MEETINGS WITH FOUNDATION STAFF; NETWORKING; EDUCATION AROUND LOCAL ISSUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Devita Chair | OfficerTrustee | 0.5 | $0 |
Michael Schoenfeld Immediate Past Chair | OfficerTrustee | 0.5 | $0 |
Larry Rocamora Vice Chair | OfficerTrustee | 0.5 | $0 |
Phil Lambert Treasurer | OfficerTrustee | 0.5 | $0 |
Rebecca Balter Secretary | OfficerTrustee | 0.5 | $0 |
Caroline Abbott Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,860,090 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,696,058 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,556,148 |
| Total Program Service Revenue | $0 |
| Investment income | $3,671,108 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,768,972 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $30,227,826 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $27,754,058 |
| Grants and other assistance to domestic individuals. | $9,400 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $532,901 |
| Compensation of current officers, directors, key employees. | $236,182 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,362,306 |
| Pension plan accruals and contributions | $72,394 |
| Other employee benefits | $169,423 |
| Payroll taxes | $133,793 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,393 |
| Fees for services: Accounting | $79,035 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $835,147 |
| Fees for services: Other | $75,987 |
| Advertising and promotion | $2,750 |
| Office expenses | $87,229 |
| Information technology | $92,643 |
| Royalties | $0 |
| Occupancy | $213,721 |
| Travel | $24,582 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $96,465 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $110,029 |
| Insurance | $16,134 |
| All other expenses | -$177,240 |
| Total functional expenses | $31,644,448 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,212,946 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,332 |
| 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 | $15,500 |
| Net Land, buildings, and equipment | $319,445 |
| Investments—publicly traded securities | $147,411,280 |
| Investments—other securities | $124,080,528 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,617,690 |
| Total assets | $281,678,721 |
| Accounts payable and accrued expenses | $111,531 |
| Grants payable | $1,105,685 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $16,344,808 |
| 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 | $763,031 |
| Total liabilities | $18,325,055 |
| Net assets without donor restrictions | $258,450,467 |
| Net assets with donor restrictions | $4,903,199 |
| 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 | $281,678,721 |
Grants Awarded
Over the last fiscal year, Triangle Community Foundation has awarded $25,517,905 in support to 602 organizations.
| Grant Recipient | Amount |
|---|---|
ALAMANCE BURLINGTON SCHOOL SYSTEM PURPOSE: EDUCATION | $8,000 |
ALLIANCE MEDICAL MINISTRY PURPOSE: HEALTH CARE | $40,917 |
AMERICAN CANCER SOCIETY PURPOSE: HUMAN SERVICES | $13,686 |
ALLIANT CHARITABLE FOUNDATION PURPOSE: HUMAN SERVICES | $25,000 |
ACTION FOR THE CLIMATE EMERGENCY (ACE) PURPOSE: EDUCATION | $225,000 |
ACTIVATE GOOD PURPOSE: EDUCATION | $63,500 |