Triangle Inc
- Assets
- $11.4m
- Revenue
- $11.3m
- Investments
- $0.0
- Employees
- 194
- Location
- Malden, MA
- Founding
- 07/1994
- Data as of
- 06/2023
- EIN
- 04-2486905
Organization Overview
Triangle Inc is located in Malden, MA. The organization was established in 1994. According to its NTEE Classification (J30) the organization is classified as: Vocational Rehabilitation, under the broad grouping of Employment and related organizations. As of 06/2023, Triangle Inc employed 194 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 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 06/2023, Triangle Inc generated $11.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $12.5m during the year ending 06/2023. While expenses have increased by 4.1% 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
TO EMPOWER PEOPLE WITH DISABILITIES AND THEIR FAMILIES TO ENJOY RICH, FULFILLING LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENTIAL - PROVIDE COMMUNITY BASED RESIDENCES FOR MENTALLY DISABLED INDIVIDUALS.
BUSINESS ENTERPRISES.
COMMUNITY WORK SERVICES - PROVIDE EMPLOYMENT TO DISABLED INDIVIDUALS THROUGH A SHELTERED WORKSHOP SETTING.
EMPLOYMENT SUPPORT - PROVIDE VOCATIONAL EVALUATION, VOCATIONAL EXPERIENCE, AND JOB PLACEMENT FOR PEOPLE WITH DISABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Moran President | OfficerTrustee | 2 | $0 |
Rachel Kapreilian Vice President | OfficerTrustee | 2 | $0 |
Robert Perry Treasurer | OfficerTrustee | 2 | $0 |
Mark D'oliveira Clerk | OfficerTrustee | 0.5 | $0 |
Michael Mccurdy Director | Trustee | 2 | $0 |
Jessica Black Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $130,906 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $276,843 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $407,749 |
| Total Program Service Revenue | $10,954,264 |
| Investment income | $21,377 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$31,165 |
| Net Income from Fundraising Events | -$66,850 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,311,000 |
| 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. | $610,264 |
| Compensation of current officers, directors, key employees. | $75,006 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,620,430 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $398,703 |
| Payroll taxes | $554,908 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $125,117 |
| Fees for services: Accounting | $71,881 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $607,473 |
| Advertising and promotion | $10,000 |
| Office expenses | $341,371 |
| Information technology | $349,038 |
| Royalties | $0 |
| Occupancy | $1,545,357 |
| Travel | $236,852 |
| 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 | $276,472 |
| Insurance | $280,173 |
| All other expenses | $9,707 |
| Total functional expenses | $12,529,891 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $395,555 |
| Savings and temporary cash investments | $1,915,518 |
| Pledges and grants receivable | $52,500 |
| Accounts receivable, net | $1,604,510 |
| 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 | $340,971 |
| Net Land, buildings, and equipment | $2,427,387 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,647,057 |
| Total assets | $11,383,498 |
| Accounts payable and accrued expenses | $916,282 |
| Grants payable | $0 |
| Deferred revenue | $108,635 |
| 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 | $4,995,952 |
| Total liabilities | $6,020,869 |
| Net assets without donor restrictions | $5,260,230 |
| Net assets with donor restrictions | $102,399 |
| 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 | $11,383,498 |