Civic Intelligence

Triangle Artworks Inc

EIN 27-2580374 • 501(c)3 • Raleigh, NC

Profile

The mission of Triangle Artworks Inc is to provide the services, support and resources necessary to cultivate and ensure a vibrant and financially thriving arts business sector.

514 Daniels Street Suite 106Raleigh, NC 27605

www.triangleartworks.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

63rd percentile

0.00x

Higher debt load relative to assets than 63% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

65th percentile

0.00x

Higher debt load relative to revenue than 65% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

78th percentile

25%

Higher net margin than 78% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

85th percentile

40%

Faster asset growth than 85% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

48th percentile

-2.2%

Faster revenue growth than 48% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets63rd percentile

Assets

Up

$180,485

Up $65,041 (+56%) from 2024

Liabilities

Down

$5,401

Down $1,075 (-17%) from 2024

Net Assets

Up

$175,084

Up $66,116 (+61%) from 2024

Operations
Liabilities / Revenue65th percentileNet Margin78th percentile

Revenue

Up

$215,194

Up $47,561 (+28%) from 2024

Expenses

Down

$155,814

Down $1,137 (-0.7%) from 2024

Net Income

Up

$59,380

Up $48,698 (+456%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth85th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$200K$150K$100K$50K$0Assets 2022: $70,353Liabilities 2022: $2,656Net Assets 2022: $67,6972022Assets 2023: $98,732Liabilities 2023: $446Net Assets 2023: $98,2862023Assets 2024: $115,444Liabilities 2024: $6,476Net Assets 2024: $108,9682024Assets 2025: $180,485Liabilities 2025: $5,401Net Assets 2025: $175,0842025

Highlighted filing

2025

Assets$180,485
Liabilities$5,401
Net Assets$175,084
Open 2025 Filing

Operations Trend

Revenue Growth48th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0Revenue 2022: $108,052Expenses 2022: $105,981Net Income 2022: $2,0712022Revenue 2023: $105,722Expenses 2023: $79,568Net Income 2023: $26,1542023Revenue 2024: $167,633Expenses 2024: $156,951Net Income 2024: $10,6822024Revenue 2025: $215,194Expenses 2025: $155,814Net Income 2025: $59,3802025

Highlighted filing

2025

Revenue$215,194
Expenses$155,814
Net Income$59,380
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$180,485
Liabilities
$5,401
Net assets
$175,084
Revenue
$215,194
Expenses
$155,814
Net income
$59,380
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.80$0.05$1.75$2.15$1.56$0.59
2024Detailed filing. Detailed filing data is available for this year.$1.15$0.06$1.09$1.68$1.57$0.11
2023Detailed filing. Detailed filing data is available for this year.$0.99$0.00$0.98$1.06$0.80$0.26
2022Detailed filing. Detailed filing data is available for this year.$0.70$0.03$0.68$1.08$1.06$0.02
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Mar 19, 2026
Return Version
2024v5.2
Gross Receipts
$215,194
Mission and Program Overview

Mission

ServicesandsupporttocultivateathrivingartscommunityintheTriangleregionofNorthCarolina.

The mission of Triangle Artworks Inc is to provide the services, support and resources necessary to cultivate and ensure a vibrant and financially thriving arts business sector.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$115,444$168,260▲ $52,816
Accounts Receivable-$12,225-
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$115,444$180,485▲ $65,041
Other Assets Total-$0-
Liabilities
Grants Payable$6,037--
Accounts Payable and Accrued Expenses$439$5,401▲ $4,962
Total Liabilities$6,476$5,401▼ $1,075
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$108,968$175,084▲ $66,116
Total Net Assets Fund Balance$108,968$175,084▲ $66,116
Total Liabilities and Net Assets / Fund Balance$115,444$180,485▲ $65,041
Compensation and Service Providers
Top Officer Pay84th percentile

Board Members and Trustees

NameTitle
Brian SullivanChairman
Veronique MosesPast Chair
Sydney GreeneVice Chair
Andrea DobbieBd of Directors
Andrew ZerfassBd of Directors
Babette StoneBd of Directors
Grace Li WangBd of Directors
Joel TeschBd of Directors
Lana DennisBd of Directors
Mark TulbertBd of Directors
Rachel NunnBd of Directors
Rick BennettBd of Directors
Rosalie BouckBd of Directors
Vicki ReesBd of Directors
Quianna LewisSecretary
Susan JonesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$113,559
Program Service Revenue
$101,328
Investment Income
$307
Other Revenue
$0
All Other Contributions
$89,691
Change in Net Assets
$59,380
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$155,814
Total Fundraising Expense$5,781
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other-$15,149-$15,149
Advertising$450$12,210-$12,660
Fees for Services Accounting-$9,000-$9,000
Other Expenses$3,906$4,221$3,892$3,906
All Other Expenses$225$464$1,631$2,320
Insurance-$2,167-$2,167
Conferences and Meetings$769$1,054$258$2,081
Total Functional Expenses$93,281$56,752$5,781$155,814
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“No review was or will be conducted.”

Form 990, Part VI, Section B, Line 15A

“There isn't a paid Executive or Officer at this time, however there is currently a board ad hoc committee working on the transition plan.”

Form 990, Part VI, Section C, Line 19

“The Organization has a website where they can make all documents available for public inspection.”

Filing and Contact Details

Filer

Filer Name
Triangle ArtWorks Inc
EIN
27-2580374
Phone
9196022121
Address
514 Daniels Street Suite 106, Raleigh, NC 27605

Signing Officer

Name
Elizabeth Yerxa
Title
Executive Director
Signed
2026-03-19
Discuss with paid preparer
Yes

Organization Details

Formed
2010
Legal Domicile
Nc
Voting Board Members
16
Independent Board Members
16
Employees
0
Volunteers
40

Preparer

Firm
Lisa B Denny CPA
Address
415 S Lombard Street, Clayton, NC 27520
Preparer
Lisa Blinson CPA
Phone
9195506100
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IRS990/MissionDesc0The mission of Triangle Artworks Inc is to provide the services, support and resources necessary to cultivate and ensure a vibrant and financially thriving arts business sector.
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IRS990/ProgSrvcAccomActy2Grp/Desc0SMASH-An annual networking event for artists and art administrators in the Triangle region of NC.
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IRS990/ProgSrvcAccomActy3Grp/Desc0Artscore-A statewide support program designed to equip Executive Directors of NC arts organizations with the tools, training and peer support necessary to thrive in their leadership roles.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1There isn't a paid Executive or Officer at this time, however there is currently a board ad hoc committee working on the transition plan.

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