Triangle Community Foundation
- Assets
- $302.6m
- Revenue
- $28.3m
- Investments
- $133.3m
- Employees
- 21
- Location
- Durham, NC
- Founding
- 03/1984
- Data as of
- 06/2021
- EIN
- 56-1380796
Organization Overview
Triangle Community Foundation is located in Durham, NC. The organization was established in 1984. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2021, Triangle Community Foundation employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Triangle Community 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 06/2021, Triangle Community Foundation generated $28.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $26.7m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Triangle Community Foundation has awarded 5,678 individual grants totaling $213,307,537. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TRIANGLE COMMUNITY FOUNDATION CONNECTS PHILANTHROPIC RESOURCES WITH COMMUNITY NEEDS, CREATES OPPORTUNITY FOR ENLIGHTENED CHANGES AND ENCOURAGES PHILANTHROPY AS A WAY OF LIFE.
Describe the Organization's Program Activity:
TRIANGLE COMMUNITY FOUNDATION CONNECTS PHILANTHROPIC RESOURCES WITH COMMUNITY NEEDS, CREATES OPPORTUNITY FOR ENLIGHTENED CHANGE AND ENCOURAGES PHILANTHROPY AS A WAY OF LIFE.
SPECIAL SERVICES - SERVICES TO AREA NON-PROFITS INCLUDE: MEETINGS WITH THE FOUNDATION'S PRESIDENT; NON-PROFIT CAPACITY BUILDING; NETWORKING; AND TRAININGS.
PHILANTHROPIC EVENTS - PHILANTHROPIC EVENTS INCLUDE: DONOR EDUCATION FORUMS; CAPACITY BUILDINGS WORKSHOPS FOR NONPROFITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lori O'keefe President & CEO | Officer | 40 | $206,780 |
Robert Naylor CFO | Officer | 40 | $144,118 |
Robin Barefoot General Counsel (thru 3/31/21) | 40 | $134,475 | |
Jessica Aylor VP Comm Eng (thru 7/13/20) | 40 | $121,369 | |
Kenneth Baroff VP Donor Dev | 40 | $120,919 | |
Lindsay Harrell Controller | 40 | $116,341 |
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 | $17,693,660 |
| Noncash contributions included in lines 1a–1f | $10,096,218 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,693,660 |
| Total Program Service Revenue | $0 |
| Investment income | $3,052,271 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,215,853 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $28,260,487 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $22,974,774 |
| Grants and other assistance to domestic individuals. | $35,011 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $411,477 |
| Compensation of current officers, directors, key employees. | $127,311 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,241,105 |
| Pension plan accruals and contributions | $62,182 |
| Other employee benefits | $145,806 |
| Payroll taxes | $112,105 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $40,880 |
| Fees for services: Accounting | $73,777 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $841,047 |
| Fees for services: Other | $59,997 |
| Advertising and promotion | $6,744 |
| Office expenses | $93,788 |
| Information technology | $95,828 |
| Royalties | $0 |
| Occupancy | $165,053 |
| Travel | $1,469 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,247 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $113,346 |
| Insurance | $15,861 |
| All other expenses | $135,729 |
| Total functional expenses | $26,718,046 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,557,519 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $123,254 |
| 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 | $17,485 |
| Net Land, buildings, and equipment | $519,649 |
| Investments—publicly traded securities | $148,613,189 |
| Investments—other securities | $133,319,702 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,443,089 |
| Total assets | $302,593,887 |
| Accounts payable and accrued expenses | $151,668 |
| Grants payable | $1,996,910 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $18,051,912 |
| 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 | $316,538 |
| Total liabilities | $20,517,028 |
| Net assets without donor restrictions | $275,633,769 |
| Net assets with donor restrictions | $6,443,090 |
| 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 | $302,593,887 |
Grants Awarded
Over the last fiscal year, Triangle Community Foundation has awarded $22,525,795 in support to 678 organizations.
| Grant Recipient | Amount |
|---|---|
Durham, NC PURPOSE: GENERAL PURPOSE | $1,154,250 |
Durham, NC PURPOSE: GENERAL PURPOSE | $497,811 |
Raleigh, NC PURPOSE: GENERAL PURPOSE | $480,250 |
Silver Spring, MD PURPOSE: GENERAL PURPOSE | $426,103 |
Chapel Hill, NC PURPOSE: GENERAL PURPOSE | $397,385 |
Raleigh, NC PURPOSE: GENERAL PURPOSE | $394,334 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Triangle Community Foundation has recieved totaling $585,000.
| Awarding Organization | Amount |
|---|---|
Gipson Family Foundation Raleigh, NC PURPOSE: GENERAL ACTIVITIES | $585,000 |
Endowment Analysis
| Beg. Balance | $103,929,300 |
| Earnings | $33,783,692 |
| Net Contributions | $132,639 |
| Other Expense | $2,419,492 |
| Grants | $4,469,537 |
| Ending Balance | $130,956,602 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Christian Community Foundation Of Memphis And The Mid-South Inc Memphis, TN | $205,748,037 | $85,831,682 |
The Community Foundation Inc Richmond, VA | $859,349,771 | $152,790,051 |
Charlottesville Area Community Foundation Charlottesville, VA | $339,690,669 | $77,610,040 |
North Carolina Community Foundation Inc Raleigh, NC | $442,779,010 | $109,848,330 |
Hampton Roads Community Foundation Norfolk, VA | $431,066,210 | $16,919,172 |
Triangle Community Foundation Durham, NC | $302,593,887 | $28,260,487 |
Coastal Community Foundation Of South Carolina Inc N Charleston, SC | $293,333,431 | $80,143,972 |
Chattanooga Christian Community Foundation Chattanooga, TN | $107,861,272 | $37,732,736 |
Community Foundation Of Greater Chattanooga Inc Chattanooga, TN | $242,437,300 | $52,106,763 |
East Tennessee Foundation Knoxville, TN | $333,652,631 | $23,055,951 |
The Community Foundation Of Western North Carolina Inc Asheville, NC | $422,748,745 | $38,320,270 |
Community Foundation Of Greater Greensboro Inc Greensboro, NC | $268,212,461 | $40,395,887 |