Triangle Flying Disc Association
- Assets
- $223.0k
- Revenue
- $668.1k
- Investments
- $0.0
- Employees
- 52
- Location
- Morrisville, NC
- Founding
- 08/1998
- Data as of
- 06/2023
- EIN
- 56-2038555
Organization Overview
Triangle Flying Disc Association, operating under the name Triangle Ultimate, is located in Morrisville, NC. The organization was established in 1998. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 06/2023, Triangle Ultimate employed 52 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Triangle Ultimate 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 Ultimate generated $668.1k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $672.4k during the year ending 06/2023. While expenses have increased by 13.4% 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
CREATING OPPORTUNTIES FOR PEOPLE TO PLAY ENJOY AND BENEFIT FROM ULTIMATE IN NC WITH EMPHASIS ON YOUTH DEVELOPMENT AND PARTICIPATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
1. JUNIORS AND YOUTH CLUB PROGRAMS IN 2022 WE BEGAN OUR FIRST-EVER SPRING COMPETITIVE YOUTH CLUB PROGRAM. THE PROGRAM SERVED 138 PLAYERS ACROSS THE TRIANGLE. THIS PROGRAM WAS A WARMUP TO OUR SUMMER YCC SEASON. TEAMS WERE OPEN TO ANY MS/HS YOUTH WHO WANTED TO IMPROVE & COMPETE. HIGH-QUALITY PAID COACHES LED 2 MID-WEEK PRACTICES FOR 10 WEEKS. ALL TEAMS ATTENDED WEEKEND COMPETITIVE EVENTS INCLUDING 3 TOURNAMENTS. OUR COMPETITIVE YOUTH CLUB CHAMPIONSHIP SEASON SERVED 142 YOUTH. ALL TEAMS ATTENDED OUR SE SHOWDOWN TOURNAMENT TO COMPETE REGIONALLY. OUR ELITE TRAVEL TEAMS COMPETED USAUS YOUTH CLUB CHAMPIONSHIPS (YCC). TU IS PROUD TO HAVE SENT TEAMS TO USAU'S YCC SINCE 2009.
YOUTH SUMMER CAMPS - TRIANGLE ULTIMATE PARTNERED WITH THE LOCAL PROFESSIONAL ULTIMATE TEAMS THE FLYERS AND THE RADIANCE, TO OFFER TWO WEEKS OF OVERNIGHT CAMPS BRANDED AS CAROLINA ULTIMATE FLIGHT SCHOOL. 108 FLIGHT SCHOOL CAMPERS WERE COACHED BY AN ELITE COACHING TEAM. TU CONTINUED TO COLLABORATE WITH LONGTIME PARTNERS LIKE CHAPEL HILL P& CARRBORO P&R, CFSL, ORANGE COUNTY, AND DPS TO OFFER QUALITY, AFFORDABLE, AND LOCAL CAMPS TO PLAYERS ACROSS THE TRIANGLE. WE SERVED OVER 380 YOUTH PLAYERS THROUGH OUR RECREATIONAL SUMMER CAMPS
ADULT LEAGUE PROGRAMS - TRIANGLE ULTIMATE CONTINUED TO OFFER HIGH-QUALITY AFFORDABLE PLAYING OPPORTUNITIES THROUGHOUT THE YEAR TO OUR ADULT COMMUNITY SERVING OVER 1380 ADULT PLAYERS THIS YEAR, A 20% INCREASE FROM 2021. IN SPRING, SUMMER, AND FALL WE REGULARLY OFFERED 8 WEEKS OF SEASONAL COED LEAGUES, MENS LEAGUES, WOMENS LEAGUES, BEGINNERS LEAGUES, AND BEACH LEAGUES, A SUMMER COMPETITIVE LEAGUE & HOLIDAY HAT TOURNAMENTS. REBOUNDING FROM THE IMPACT OF THE COVID PANDEMIC, WE RAN THREE SEASONS OF CORPORATE LEAGUE WITH A TOTAL OF 28 TEAMS THIS YEAR. THESE LEAGUES OFFERED NEW AND RETURNING PLAYERS A FUN ENGAGING OPPORTUNITIES TO PLAY AND SOCIALIZE WITH THEIR COWORKERS OUTSIDE OF WORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Munoz Chair Emeritus | Trustee | 3 | $0 |
Amy Smoker Board Member | Trustee | 3 | $0 |
Somer Shively Board Chair | OfficerTrustee | 10 | $0 |
Jeffrey Stout Board Member | Trustee | 3 | $0 |
Joseph Wolhar Board Member | Trustee | $0 | |
Tristan Green Executive Director | Officer | 40 | $60,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $9,817 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $85,886 |
| Noncash contributions included in lines 1a–1f | $18,021 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $95,703 |
| Total Program Service Revenue | $570,086 |
| Investment income | $2,284 |
| 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 | $668,073 |
| 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. | $60,000 |
| Compensation of current officers, directors, key employees. | $18,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $208,808 |
| Pension plan accruals and contributions | $4,791 |
| Other employee benefits | $10,801 |
| Payroll taxes | $17,060 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $25,318 |
| Office expenses | $1,533 |
| Information technology | $11,636 |
| Royalties | $0 |
| Occupancy | $5,838 |
| Travel | $1,229 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $26,304 |
| All other expenses | $1,641 |
| Total functional expenses | $672,402 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $143,738 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $78,986 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $300 |
| Total assets | $223,024 |
| Accounts payable and accrued expenses | $40,184 |
| 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 | $40,184 |
| Net assets without donor restrictions | $182,840 |
| 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 | $223,024 |