Mission Triangle Inc
- Assets
- $467.9k
- Revenue
- $683.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 11/2018
- Data as of
- 09/2023
- EIN
- 82-3855346
Organization Overview
Mission Triangle Inc is located in Raleigh, NC. The organization was established in 2018. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mission 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 09/2023, Mission Triangle Inc generated $683.2k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $1.1m during the year ending 09/2023. 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
PROVIDE ADVICE AND ASSISTANCE TO OTHER NON-PROFITS REGARDING PROPER GOVERNANCE, MISSION-SETTING, STRATEGIC PLANNING, OPERATIONAL MANAGEMENT, FUNDRAISING, FINANCIAL MANAGEMENT, ETC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE ADVICE AND ASSISTANCE TO OTHER NON-PROFITS REGARDING PROPER GOVERNANCE, MISSION-SETTING, STRATEGIC PLANNING, OPERATIONAL MANAGEMENT, FUNDRAISING, FINANCIAL MANAGEMENT, ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cheryl Hunter Board Chair | OfficerTrustee | 1 | $0 |
Vaneetha Rendall Risner Vice Chair | OfficerTrustee | 1 | $0 |
Tom Vande Guchte Secretary | OfficerTrustee | 1 | $0 |
John Luckett Treasurer | OfficerTrustee | 1 | $0 |
Cliff Benson III Board Member | Trustee | 1 | $0 |
Shannon Williams Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $538,458 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $538,458 |
| Total Program Service Revenue | $135,366 |
| Investment income | $6,375 |
| 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 | $683,229 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,160 |
| 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. | $101,664 |
| Compensation of current officers, directors, key employees. | $5,185 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $421,129 |
| Pension plan accruals and contributions | $1,460 |
| Other employee benefits | $43,682 |
| Payroll taxes | $32,858 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,950 |
| Fees for services: Accounting | $63,290 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $111,980 |
| Advertising and promotion | $18,794 |
| Office expenses | $10,011 |
| Information technology | $79,701 |
| Royalties | $0 |
| Occupancy | $33,758 |
| Travel | $6,510 |
| 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 | $2,478 |
| Insurance | $1,446 |
| All other expenses | $9,523 |
| Total functional expenses | $1,069,220 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $266,315 |
| Savings and temporary cash investments | $34,875 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $115,106 |
| 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 | $3,760 |
| Net Land, buildings, and equipment | $11,898 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $35,962 |
| Total assets | $467,916 |
| Accounts payable and accrued expenses | $102,992 |
| 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 | $36,886 |
| Total liabilities | $139,878 |
| Net assets without donor restrictions | $232,197 |
| Net assets with donor restrictions | $95,841 |
| 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 | $467,916 |
Grants Awarded
Over the last fiscal year, Mission Triangle Inc has awarded $104,085 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MADE 4 ME PURPOSE: GENERAL SUPPORT | $48,967 |
HOPE REINS PURPOSE: GENERAL SUPPORT | $32,512 |
NO WOMAN NO GIRL INITIATIVE PURPOSE: GENERAL SUPPORT | $22,606 |