Executive Service Corps Of The Greater Triangle Inc
- Assets
- $231.6k
- Revenue
- $156.3k
- Investments
- $0.0
- Employees
- 3
- Location
- Research Triangle Park, NC
- Founding
- 05/1989
- Data as of
- 12/2021
- EIN
- 56-1625629
Organization Overview
Executive Service Corps Of The Greater Triangle Inc is located in Research Triangle Park, NC. The organization was established in 1989. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Executive Service Corps Of The Greater Triangle Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Executive Service Corps Of The Greater Triangle 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 12/2021, Executive Service Corps Of The Greater Triangle Inc generated $156.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.7%) each year. All expenses for the organization totaled $159.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
MANAGEMENT CONSULTING TO NONPROFIT ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
77 EXECUTIVE LEVEL VOLUNTEER ADVISORS PROVIDE ADVISORY, CONSULTING, COACHING, CAPACITY BUILDING, AND SEMINAR/TRAINING SERVICES TO NONPROFITS IN THE TRIANGLE (WAKE, DURHAM, ORANGE, AND CHATHAM COUNTIES OF NC). SERVICES INCLUDE ORGANIZATIONAL ASSESSMENT, STRATEGIC PLANNING, BOARD DEVELOPMENT AND TRAINING, RETREAT FACILITATION, EXECUTIVE COACHING, FINANCIAL ASSESSMENTS, MERGERS, AND CUSTOM PROJECTS AS WELL AS SEMINARS AND EDUCATIONAL WORKSHOPS FOR NONPROFIT STAFFS AND BOARDS. IN 2021 ESC USED 1,464 VOLUNTEER HOURS TO PROVIDE SERVICES AND TRAINING TO 138 NONPROFIT ORGANIZATIONS INCLUDING COMPLETION OF 28 ADVISORY, COACHING PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kerry Raquel Executive Director | Officer | 40 | $98,947 |
Tammy Dunne Vice-Chair | OfficerTrustee | 1 | $0 |
Kat Jackson Secretary | OfficerTrustee | 3 | $0 |
Craig Landwehr Past Chair | OfficerTrustee | 3 | $0 |
Candice Miles Chair | OfficerTrustee | 4 | $0 |
Ken Waters Treasurer | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $30,100 |
| All other contributions, gifts, grants, and similar amounts not included above | $54,580 |
| Noncash contributions included in lines 1a–1f | $1,033 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $84,680 |
| Total Program Service Revenue | $71,455 |
| Investment income | $172 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $156,307 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $98,948 |
| Compensation of current officers, directors, key employees. | $9,895 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,888 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,592 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,145 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,900 |
| Advertising and promotion | $438 |
| Office expenses | $1,637 |
| Information technology | $179 |
| Royalties | $0 |
| Occupancy | $6,800 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $652 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,802 |
| All other expenses | $3,161 |
| Total functional expenses | $159,030 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,884 |
| Savings and temporary cash investments | $66,315 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $52,892 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $91,509 |
| Total assets | $231,600 |
| Accounts payable and accrued expenses | $2,740 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $2,740 |
| Net assets without donor restrictions | $228,860 |
| 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 | $231,600 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Executive Service Corps Of The Greater Triangle Inc has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Triangle Community Foundation Durham, NC PURPOSE: GENERAL PURPOSE | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
South Carolina Manufacturing Extension Partnership Greenville, SC | $4,506,207 | $8,798,009 |
Norfolk State University Research And Innovation Foundation Norfolk, VA | $25,278,732 | $5,808,933 |
Black Girl Ventures Foundation Fort Belvoir, VA | $2,941,094 | $3,288,394 |
Brightbridge Inc Chattanooga, TN | $120,622,501 | $3,473,186 |
National Institute Of Minority Economic Development Durham, NC | $8,985,701 | $1,722,745 |
Winston Starts Winstonsalem, NC | $2,039,563 | $1,547,404 |
Wilmington Business Development Wilmington, NC | $1,640,676 | $1,342,071 |
Carolinas-Virginia Minority Supplier Developoment Councils Inc Charlotte, NC | $1,397,364 | $1,303,584 |
Provident Business Financial Services Inc West Columbia, SC | $539,066 | $980,704 |
Nussbaum Center For Entrepreneurship Inc Greensboro, NC | $5,252,016 | $1,124,383 |
Startup Virginia Richmond, VA | $1,761,356 | $941,595 |
Piedmont Business Capital Greensboro, NC | $3,626,382 | $1,839,047 |