Triangle Education Foundation
- Assets
- $13.6m
- Revenue
- $3.6m
- Investments
- $125.3k
- Employees
- 8
- Location
- Plainfield, IN
- Founding
- 03/1971
- Data as of
- 06/2022
- EIN
- 23-7063427
Organization Overview
Triangle Education Foundation is located in Plainfield, IN. The organization was established in 1971. According to its NTEE Classification (B83) the organization is classified as: Student Sororities & Fraternities, under the broad grouping of Education and related organizations. As of 06/2023, Triangle Education Foundation employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Triangle Education 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 06/2022, Triangle Education Foundation generated $3.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.9% each year . All expenses for the organization totaled $1.6m during the year ending 06/2022. While expenses have increased by 8.6% per year over the past 7 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.
Since 2019, Triangle Education Foundation has awarded 20 individual grants totaling $3,340,618. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO MINISTER TO THE EDUCATIONAL NEEDS & ACADEMIC FINANCIAL NEEDS OF TRIANGLE FRATERNITY MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS: TO PROVIDE FINANCIAL SUPPORT TO INDIVIDUALS PURSUING A DEGREE OR ADVANCED DEGREE AT AN INSTITUTION OF HIGHER EDUCATION. SELECTION CRITERIA IS BASED ON ACADEMIC ACHIEVEMENT, COMMUNITY SERVICE AND EVIDENCE OF FINANCIAL NEED.
GRANTS TO TRIANGLE FRATERNITY: UNDERWRITING OF COMPREHENSIVE PROGRAMS, INCLUDING BUT NOT LIMITED TO ON CAMPUS BASED PROGRAMMING/DELIVERY, HOSTING OF NATIONAL SEMINARS AND GRANTS FOR INDIVIDUALS TO ATTEND SEMINARS, INSTITUTES AND SCHOOLS LOCATED THROUGHOUT THE COUNTRY. PROGRAMMING FOCUSES ON GENERAL LEADERSHIP SKILLS AND TOOLS, ETHICS AND ETHICALLY BASED DECISION MAKING, COMMUNITY SERVICE AND PHILANTHROPY, HEALTHY LIFESTYLES DEALING WITH SUCH TOPICS AS DRUGS, ALCOHOL, DEPRESSION AND SUICIDE, COMMUNICATION, CONFLICT RESOLUTION, TEAM DYNAMICS AND ACADEMIC/STUDY SKILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John C Gargani Foundation Chairman | OfficerTrustee | 1 | $0 |
Mark E Tolliver Foundation Vice Chair | Trustee | 1 | $0 |
Dr Cary Laxer Foundation Secretary | Trustee | 1 | $0 |
Lt Gen Ted F Bowlds Usaf Foundation Treasurer | Trustee | 1 | $0 |
Steven Egnaczyk Foundation Ug Director | OfficerTrustee | 1 | $0 |
Franklin Duncan Foundation Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $72,422 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,617,144 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,689,566 |
| Total Program Service Revenue | $138,500 |
| Investment income | $339,079 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $420,849 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,611,823 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $651,901 |
| Grants and other assistance to domestic individuals. | $113,345 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $124,500 |
| Compensation of current officers, directors, key employees. | $16,918 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $315,244 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $56,758 |
| Payroll taxes | $34,154 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,190 |
| Fees for services: Accounting | $17,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $34,890 |
| Office expenses | $33,269 |
| Information technology | $47,262 |
| Royalties | $0 |
| Occupancy | $18,220 |
| Travel | $75,321 |
| 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 | $3,420 |
| Insurance | $8,369 |
| All other expenses | $0 |
| Total functional expenses | $1,598,558 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $883,856 |
| Savings and temporary cash investments | $982,443 |
| Pledges and grants receivable | $1,804,142 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $404,176 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,469 |
| Net Land, buildings, and equipment | $3,413 |
| Investments—publicly traded securities | $9,402,994 |
| Investments—other securities | $125,250 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,774 |
| Total assets | $13,620,517 |
| Accounts payable and accrued expenses | $91,163 |
| Grants payable | $0 |
| Deferred revenue | $50,000 |
| 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 | $99,534 |
| Total liabilities | $240,697 |
| Net assets without donor restrictions | $3,603,470 |
| Net assets with donor restrictions | $9,776,350 |
| 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 | $13,620,517 |
Grants Awarded
Over the last fiscal year, Triangle Education Foundation has awarded $1,101,623 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
TRIANGLE FRATERNITY PURPOSE: EDUCATIONAL PROGRAMMING | $252,098 |
IOWA STATE UNIVERSITY CHAPTER OF TRIANGLE INC PURPOSE: PURCHASE, UPDATING AND FURNISHING OF EDUCATIONAL SPACE IN CHAPTER FACILITY. | $119,790 |
ILLINOIS HOUSE LLC PURPOSE: PURCHASE, UPDATING AND FURNISHING OF EDUCATIONAL SPACE IN CHAPTER FACILITY. | $509,925 |
MARQUETTE UNIVERSITY PURPOSE: PURCHASE, UPDATING AND FURNISHING OF EDUCATIONAL SPACE IN CHAPTER FACILITY. | $10,000 |
TBHC MICHIGAN HOUSE PURPOSE: PURCHASE, UPDATING AND FURNISHING OF EDUCATIONAL SPACE IN CHAPTER FACILITY. | $161,793 |
WISCONSIN TRIANGLE BUILDING CO PURPOSE: PURCHASE, UPDATING AND FURNISHING OF EDUCATIONAL SPACE IN CHAPTER FACILITY. | $6,000 |