Civic Intelligence

The Triangle Foundation Inc

990 • Fiscal year 2016 • EIN 31-0988403

Jun 01, 2015 to May 31, 2016 • Filed on Jan 23, 2017

PO Box 223Lexington, KY 40588

(859) 338-0369

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

4th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

4th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Net Margin

97th percentile

82%

Higher net margin than 97% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

12th percentile

$0

Higher top officer pay than 12% of similar nonprofits.

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

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Asset Growth

37th percentile

-0.7%

Faster asset growth than 37% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

70th percentile

11%

Faster revenue growth than 70% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Assets

Down

$12,988,738

Down $94,981 (-0.7%) from 2015

Net Assets

Down

$12,988,738

Down $81,671 (-0.6%) from 2015

Liabilities

Down

$0

Down $13,310 (-100%) from 2015

Revenue

Up

$289,592

Up $28,672 (+11%) from 2015

Expenses

Down

$51,704

Down $18,708 (-27%) from 2015

Net Income

Up

$237,888

Up $47,380 (+25%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2011: $11,886,455Liabilities 2011: $0Net Assets 2011: $11,886,4552011Assets 2012: $10,508,983Liabilities 2012: $0Net Assets 2012: $10,508,9832012Assets 2013: $11,830,410Liabilities 2013: $0Net Assets 2013: $11,830,4102013Assets 2015: $13,083,719Liabilities 2015: $13,310Net Assets 2015: $13,070,4092015Assets 2016: $12,988,738Liabilities 2016: $0Net Assets 2016: $12,988,7382016Assets 2017: $13,815,090Liabilities 2017: $0Net Assets 2017: $13,815,0902017Assets 2018: $14,342,996Liabilities 2018: $0Net Assets 2018: $14,342,9962018Assets 2019: $13,926,164Liabilities 2019: $90,909Net Assets 2019: $13,835,2552019Assets 2020: $13,945,046Liabilities 2020: $90,909Net Assets 2020: $13,854,1372020Assets 2021: $17,588,938Liabilities 2021: $90,909Net Assets 2021: $17,498,0292021Assets 2022: $17,299,238Liabilities 2022: $90,909Net Assets 2022: $17,208,3292022Assets 2023: $16,710,801Liabilities 2023: $90,909Net Assets 2023: $16,619,8922023Assets 2024: $19,078,881Liabilities 2024: $90,909Net Assets 2024: $18,987,9722024Assets 2025: $20,778,731Liabilities 2025: $90,909Net Assets 2025: $20,687,8222025

Highlighted filing

2016

Assets$12,988,738
Liabilities$0
Net Assets$12,988,738

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2011: $188,3362011Expenses 2012: $1,291,7542012Expenses 2013: $140,4532013Revenue 2015: $260,920Expenses 2015: $70,412Net Income 2015: $190,5082015Revenue 2016: $289,592Expenses 2016: $51,704Net Income 2016: $237,8882016Revenue 2017: $138,543Expenses 2017: $72,084Net Income 2017: $66,4592017Revenue 2018: $110,833Expenses 2018: $147,521Net Income 2018: -$36,6882018Revenue 2019: $108,881Expenses 2019: $163,957Net Income 2019: -$55,0762019Revenue 2020: $383,712Expenses 2020: $94,869Net Income 2020: $288,8432020Revenue 2021: $103,978Expenses 2021: $97,494Net Income 2021: $6,4842021Revenue 2022: $128,653Expenses 2022: $131,360Net Income 2022: -$2,7072022Revenue 2023: $101,629Expenses 2023: $193,763Net Income 2023: -$92,1342023Revenue 2024: $145,519Expenses 2024: $218,442Net Income 2024: -$72,9232024Revenue 2025: $569,496Expenses 2025: $242,528Net Income 2025: $326,9682025

Highlighted filing

2016

Revenue$289,592
Expenses$51,704
Net Income$237,888
Jump To
Filing Snapshot
Filing Period
Jun 1, 2015 to May 31, 2016
Signed
Jan 23, 2017
Return Version
2015v3.0
Gross Receipts
$863,971
Mission and Program Overview

Mission

The triangle foundation is a not-for-profit organization that supports local city and county government projects for which public funds are not available. These projects generally beautify and promote the rich kentucky heritage. Presently, the foundation maintains triangle park in downtown lexington, ky and thoroughbred park located in fayette county, ky.

Support projects that beautify and promote the rich kentucky heritage.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$6,963,810$6,649,440▼ $314,370
Land, Buildings, and Equipment, Net$4,580,823$4,583,339▲ $2,516
Savings and Temporary Cash Investments$1,513,627$1,668,131▲ $154,504
Cash and Non-Interest-Bearing Accounts$25,459$87,828▲ $62,369
Total Assets$13,083,719$12,988,738▼ $94,981
Liabilities
Accounts Payable and Accrued Expenses$13,310$0▼ $13,310
Total Liabilities$13,310$0▼ $13,310
Net Assets / Fund Balance
Unrestricted Net Assets$13,070,409$12,988,738▼ $81,671
Total Net Assets Fund Balance$13,070,409$12,988,738▼ $81,671
Total Liabilities and Net Assets / Fund Balance$13,083,719$12,988,738▼ $94,981

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,579,304$1,700,968$3,280,272
Land$3,004,035-$3,004,035
Compensation and Service Providers

Board Members and Trustees

NameTitle
Mr Edward S BarrChairman
Mr Stephen L GrossmanPresident
Dr David C ParrishDirector
Dr David StevensDirector
Dr Eli CapiloutoDirector
Dr Scott StevensDirector
Dr William J WoodDirector
Dr William Offutt IvDirector
Dr Woodford Van MeterDirector
Mr Alex G Campbell IiiDirector
Mr Berry PotterDirector
Mr Bret CallerDirector
Mr Catesby W ClayDirector
Mr Christpher YoungDirector
Mr David FoggDirector
Mr Derek VaughanDirector
Mr Dewitt HisleDirector
Mr Don BallDirector
Mr Edward BowenDirector
Mr Farra AlfordDirector
Mr George Van Meter JrDirector
Mr Harry T Richart IiiDirector
Mr Headley BellDirector
Mr Henry H KnightDirector
Mr Hugh H BennettDirector
Mr J H Graves IiiDirector
Mr James E Bassett IiiDirector
Mr James P GrayiiiDirector
Mr Job Darby TurnerDirector
Mr John BarlowDirector
Mr John H Kerr IiiDirector
Mr John L GohmannDirector
Mr John M Mcdonald IvDirector
Mr John MilwardDirector
Mr John R HallDirector
Mr Louis HillenmeyerDirector
Mr Louis L Haggin IiiDirector
Mr Luther DeatonDirector
Mr Lyle WolfDirector
Mr Mark StanleyDirector
Mr Mike AshDirector
Mr Norman L BrownDirector
Mr Norwood Cowgill JrDirector
Mr P J BaughDirector
Mr Phil HoloubekDirector
Mr R Allen SchubertDirector
Mr R Dudley WebbDirector
Mr R Owen WilliamsDirector
Mr Reese R ReinholdDirector
Mr Robert E CourtneyDirector
Mr Robert E GableDirector
Mr Robert E MilwardDirector
Mr Robert LangleyDirector
Mr Robert R Dawson JrDirector
Mr Robert RosensteinDirector
Mr Robert TrussellDirector
Mr Rufus M FridayDirector
Mr Samuel a B BooneDirector
Mr Scotty BaeslerDirector
Mr Solomon L Van MeterDirector
Mr Steve LawsonDirector
Mr Steve RuschellDirector
Mr Ted RenakerDirector
Mr Tim HaymakerDirector
Mr Tony NewmanDirector
Mr W James HostDirector
Mr Warren RosenthalDirector
Mr Will Chapman JrDirector
Mr William C GreelyDirector
Mr William ChapmanDirector
Mr William J HowellDirector
Mr William L Rouse IiiDirector
Mr William Lear JrDirector
Mr William S FarishDirector
Mr Woodford WebbDirector
Mrs Carol K BehrDirector
Mrs Doris MatlackDirector
Mrs Dorotha OattsDirector
Ms Ann B BakhausDirector
Ms Becky ReinholdDirector
Ms Betsy Brooks BulleitDirector
Ms Bonnie Quantrell-jonesDirector
Ms Cheryl NortonDirector
Ms Davis Potter VeljkovicDirector
Ms Diane M CurryDirector
Ms Elizabeth S HarperDirector
Ms Gwen PotterDirector
Ms Helen AlexanderDirector
Ms Holly B WiedemannDirector
Ms K Rodes CampbellDirector
Ms Nancy T BarronDirector
Ms Virginia K PaysonDirector
Mr Alex G Campbell JrExec. Committee Member
Mr John M Mcdonald IiiExec. Committee Member
Mr Ray BallExec. Committee Member
Mr Steve H CallerExec. Committee Member
Mr William T Young JrExec. Committee Member
Mr Herbert a Miller JrSecretary
Mr Douglas DeanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$15,052
Program Service Revenue
$0
Investment Income
$259,693
Other Revenue
$14,847
All Other Contributions
$15,052
Change in Net Assets
$237,888
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$51,704
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$18,293--$18,293
Insurance-$3,682-$3,682
Other Expenses$1,619$1,624-$1,619
All Other Expenses-$1,050-$1,050
Total Functional Expenses$31,748$19,956$0$51,704
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Audit committee
Yes
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
No
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 A, Line 2

There are family relationships among the following board members: don ball & ray ball; steven h. Caller & bret caller; alex g. Campbell, jr., alex g. Campbell iii & k. Rodes campbell; william s. Chapman & will chapman, jr.; john m. Mcdonald iii & john mcdonald iv; berry potter, davis potter veljkovic & gwen potter; reese reinhold & becky reinhold; david stevens & scott stevens; r. Dudley webb & woodford webb; william t. Young, jr. & christopher young.

Form 990, Part VI, Section B, Line 11

The 990 is reviewed by president on behalf of the executive committee prior to filing with the irs.

Form 990, Part VI, Section B, Line 12

The written conflict of interest policy is sent to members of executive committee annually

Form 990, Part VI, Section B, Line 15

There are no paid employees, therefore the organization has not adopted a process for determining compensation.

Form 990, Part VI, Section C, Line 18

The organization's forms 1023, 990, and 990t are available upon request.

Form 990, Part VI, Section C, Line 19

The organization does not currently make its governing documents, conflict of interest policy, or financial statements available to the public.

Filing and Contact Details

Filer

Filer Name
The Triangle Foundation Inc
EIN
31-0988403
Phone
8593380369
Address
PO BOX 223, LEXINGTON, KY 40588

Signing Officer

Name
Stephen L Grossman
Title
President
Phone
8593380369
Signed
2017-01-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephen L Grossman
Formed
1980
Legal Domicile
Ky
Voting Board Members
99
Independent Board Members
99
Employees
0
Volunteers
99

Preparer

Firm
Dean Dorton Allen Ford Pllc
Address
106 W VINE STREET SUITE 600, LEXINGTON, KY 40507
Preparer
Leigh Mckee
Phone
8592552341
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 1

MODIFIED CASH BASIS

Form 990, Part XII, Line 2C

The process has not changed from the prior year.

Financial Statement Notes

PART III, LINE 4:

The organization's sole purpose is to construct and maintain public parks in lexington, ky. The organization's collection consists primarily of various sculptures and statues which capture the culture and heritage of the area.

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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt390
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt410
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt450
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt480
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt510
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt530
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt550
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt560
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt570
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt580
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt590
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt600
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt610
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt620
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt630
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt640
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt660
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt670
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt680
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt690
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt710
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt720
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt730
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt750
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt760
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt770
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt780
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt790
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt800
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt810
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt820
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt830
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt840
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt850
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt860
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt870
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt880
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt890
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt900
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt910
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt920
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt930
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt940
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt950
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt960
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt970
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt980
IRS990/Form990PartVIISectionAGrp/PersonNm0MS HELEN ALEXANDER
IRS990/Form990PartVIISectionAGrp/PersonNm1MR FARRA ALFORD
IRS990/Form990PartVIISectionAGrp/PersonNm2MR SCOTTY BAESLER
IRS990/Form990PartVIISectionAGrp/PersonNm3MR DON BALL
IRS990/Form990PartVIISectionAGrp/PersonNm4MR RAY BALL
IRS990/Form990PartVIISectionAGrp/PersonNm5MR EDWARD S BARR
IRS990/Form990PartVIISectionAGrp/PersonNm6MS NANCY T BARRON
IRS990/Form990PartVIISectionAGrp/PersonNm7MR JAMES E BASSETT III
IRS990/Form990PartVIISectionAGrp/PersonNm8MR HEADLEY BELL
IRS990/Form990PartVIISectionAGrp/PersonNm9MR P J BAUGH
IRS990/Form990PartVIISectionAGrp/PersonNm10MR HUGH H BENNETT
IRS990/Form990PartVIISectionAGrp/PersonNm11MR SAMUEL A B BOONE
IRS990/Form990PartVIISectionAGrp/PersonNm12MR EDWARD BOWEN
IRS990/Form990PartVIISectionAGrp/PersonNm13MS BETSY BROOKS BULLEIT
IRS990/Form990PartVIISectionAGrp/PersonNm14MR NORMAN L BROWN
IRS990/Form990PartVIISectionAGrp/PersonNm15MR BRET CALLER
IRS990/Form990PartVIISectionAGrp/PersonNm16MR STEVE H CALLER
IRS990/Form990PartVIISectionAGrp/PersonNm17MS K RODES CAMPBELL
IRS990/Form990PartVIISectionAGrp/PersonNm18MR ALEX G CAMPBELL JR
IRS990/Form990PartVIISectionAGrp/PersonNm19MR ALEX G CAMPBELL III
IRS990/Form990PartVIISectionAGrp/PersonNm20MR WILLIAM CHAPMAN
IRS990/Form990PartVIISectionAGrp/PersonNm21MR CATESBY W CLAY
IRS990/Form990PartVIISectionAGrp/PersonNm22MR ROBERT E COURTNEY
IRS990/Form990PartVIISectionAGrp/PersonNm23MR NORWOOD COWGILL JR
IRS990/Form990PartVIISectionAGrp/PersonNm24MS DIANE M CURRY
IRS990/Form990PartVIISectionAGrp/PersonNm25MR ROBERT R DAWSON JR
IRS990/Form990PartVIISectionAGrp/PersonNm26MR DOUGLAS DEAN
IRS990/Form990PartVIISectionAGrp/PersonNm27MR LUTHER DEATON
IRS990/Form990PartVIISectionAGrp/PersonNm28MR WILLIAM S FARISH
IRS990/Form990PartVIISectionAGrp/PersonNm29MR DAVID FOGG
IRS990/Form990PartVIISectionAGrp/PersonNm30MR ROBERT E GABLE
IRS990/Form990PartVIISectionAGrp/PersonNm31MR J H GRAVES III
IRS990/Form990PartVIISectionAGrp/PersonNm32MR JAMES P GRAYIII
IRS990/Form990PartVIISectionAGrp/PersonNm33MR WILLIAM C GREELY
IRS990/Form990PartVIISectionAGrp/PersonNm34MR STEPHEN L GROSSMAN
IRS990/Form990PartVIISectionAGrp/PersonNm35MR LOUIS L HAGGIN III
IRS990/Form990PartVIISectionAGrp/PersonNm36MR JOHN R HALL

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$20.8$0.09$20.7$0.57$0.24$0.33
2024Detailed filing. Detailed filing data is available for this year.$19.1$0.09$19.0$0.15$0.22$0.07
2023Detailed filing. Detailed filing data is available for this year.$16.7$0.09$16.6$0.10$0.19$0.09
2022Detailed filing. Detailed filing data is available for this year.$17.3$0.09$17.2$0.13$0.13$0.00
2021Detailed filing. Detailed filing data is available for this year.$17.6$0.09$17.5$0.10$0.10$0.01
2020Detailed filing. Detailed filing data is available for this year.$13.9$0.09$13.9$0.38$0.09$0.29
2019Detailed filing. Detailed filing data is available for this year.$13.9$0.09$13.8$0.11$0.16$0.06
2018Detailed filing. Detailed filing data is available for this year.$14.3$0.00$14.3$0.11$0.15$0.04
2017Detailed filing. Detailed filing data is available for this year.$13.8$0.00$13.8$0.14$0.07$0.07
2016Detailed filing. Detailed filing data is available for this year.$13.0$0.00$13.0$0.29$0.05$0.24
2015Detailed filing. Detailed filing data is available for this year.$13.1$0.01$13.1$0.26$0.07$0.19
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.8$0.00$11.8$0.14
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.5$0.00$10.5$1.29
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.9$0.00$11.9$0.19