Triangle Day School Inc
- Assets
- $9.6m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 76
- Location
- Durham, NC
- Founding
- 05/1993
- Data as of
- 06/2022
- EIN
- 56-1736992
Organization Overview
Triangle Day School Inc is located in Durham, NC. The organization was established in 1993. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2022, Triangle Day School Inc employed 76 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Triangle Day School 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 06/2022, Triangle Day School Inc generated $6.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $5.0m during the year ending 06/2022. While expenses have increased by 9.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER INTELLECTUAL ENGAGEMENT, ENTHUSIAM FOR LEARNING, CREATIVITY IN THINKING AND RESPECT FOR EACH OTHER AND THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE ARE A NON SECTARIAN EDUCATONAL FACILITY PROVIDING A TRADITONAL LIBERAL ARTS EDUCATION FOR STUDENTS IN GRADES TRANSITIONAL KINDERGARTEN THROUGH 8TH. TOTAL ENROLLMENT FOR THE 2021-2022 SCHOOL YEAR WAS 309 STUDENTS. WE ALSO OFFER AN AFTER SCHOOL ENRICHMENT PROGRAM WITH A VARIETY OF OPTIONAL INSTRUCTION AND ACTIVITIES AS WELL AS A SUMMER PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stuart Smith Trustee | Trustee | 3 | $0 |
Tammy Fox Chair | OfficerTrustee | 3 | $0 |
Patrick Scheper Treasurer | OfficerTrustee | 3 | $0 |
Kelley Keats Trustee | Trustee | 3 | $0 |
Sachin Patel Trustee | Trustee | 3 | $0 |
Kimberly Johnson Vice Chair | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $123,414 |
| All other contributions, gifts, grants, and similar amounts not included above | $347,321 |
| Noncash contributions included in lines 1a–1f | $47,489 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $470,735 |
| Total Program Service Revenue | $5,509,432 |
| Investment income | $34,603 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $43,095 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $7,198 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,106,003 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $288,955 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $220,386 |
| Compensation of current officers, directors, key employees. | $33,058 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,582,878 |
| Pension plan accruals and contributions | $40,528 |
| Other employee benefits | $425,850 |
| Payroll taxes | $206,158 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,406 |
| Fees for services: Accounting | $19,075 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $26 |
| Fees for services: Other | $61,761 |
| Advertising and promotion | $68,693 |
| Office expenses | $113,015 |
| Information technology | $99,366 |
| Royalties | $0 |
| Occupancy | $207,752 |
| Travel | $5,611 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $71,108 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $251,472 |
| Insurance | $45,303 |
| All other expenses | $118,179 |
| Total functional expenses | $5,005,181 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,319,003 |
| Savings and temporary cash investments | $1,509,213 |
| Pledges and grants receivable | $5,819 |
| Accounts receivable, net | $34,516 |
| 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 | $6,532 |
| Net Land, buildings, and equipment | $5,695,627 |
| Investments—publicly traded securities | $52,267 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,622,977 |
| Accounts payable and accrued expenses | $363,376 |
| Grants payable | $0 |
| Deferred revenue | $561,561 |
| 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 | $1,661,705 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,586,642 |
| Net assets without donor restrictions | $6,961,318 |
| Net assets with donor restrictions | $75,017 |
| 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 | $9,622,977 |