Triangle Arts Association Limited FY2023 filing

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Supports international and u.s. Virtual artists. The organizations core initiatives are: residencies, workshops, and educational and public programs, that are centered on dialogue, experimentation and the creation of community around art.

501(c)(3) charity; gifts are tax-deductible.
74¢ of each $1 spent went to programs.
$75K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $32K a year · 15% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$75K
to officers and key staff · 39% of spending
Concern: pay to officers and key staff is 39% of spending; over 30%.
Pt VII · Sec A
14 mo
of spending, in cash
Looks good: 14.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $10K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$3K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$180K
-14% vs prior year
Spent
$193K
To programs
74%
Net assets
$233K
By yearFY2020–FY2025
Revenue
$180K
FY2023▼ -14%
Tap a bar for its year
Revenue by fiscal year
FY2020$179K
FY2021$234K
FY2022$209K
FY2023$180K
FY2024$201K
FY2025$221K
Expenses
$193K
FY2023▲ +14%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021$136K
FY2022$170K
FY2023$193K
FY2024$197K
FY2025$190K
Net assets
$233K
FY2023▼ -5%
Tap a bar for its year
Net assets by fiscal year
FY2020$107K
FY2021$206K
FY2022$246K
FY2023$233K
FY2024$237K
FY2025$269K

From the FY2023 Form 990 (year ending August 2023) · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1984.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $144K Management & general 10% · $19K Fundraising 16% · $30K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990; $75K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Executive Director
$75,000Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Treasurer ; Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Nova Benway’s $78K as Executive Director is at the 73rd percentile of top reported officer pay among 2215 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Nova Benway$78,000$76,004$75,000$65,581$57,468$45,600

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Triangle Arts Association Limited executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports virtual artists through residencies, workshops, and educational programs fostering dialogue and community.

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1 program · $144K · in their own filed words · FY2022
01

Dumbo Artist Residency

Triangle offers spacious studios and a dynamic artistic community to support the development of ambitious projects with emphasis on dialogue and experimentation. Triangle's founding concept and current programs de-emphasize professionalization and specific outcomes, instead allowing artists generous space, context and community within…

$144Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 2 funders$10K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$180K
Ln 12
Gifts and grantsLn 1h$138K
Fees for servicesLn 2g$33K
Other incomeLn 4–11$10K
Money outPt IX
$193K
Ln 25
Programscol B$144K
Managementcol C$19K
Fundraisingcol D$30K
Owns and owesPt X
$233K
net assets · Ln 32
Cash and savingsLn 1–2$232K
Total assetsLn 16$236K
LiabilitiesLn 26$3K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$138K
Government grantsLn 1e$65K
Fundraising eventsLn 1c$23K
Fees for servicesLn 2g$33K
Other incomeLn 4–11$10K
Total revenueLn 12$180K
Assets in detailPt X, end of year
CashLn 1$232K
Cash and savings togetherLn 1–2$232K
Pledges and grants receivableLn 3$2K
Other assetsLn 15$1K
Total assetsLn 16$236K
LiabilitiesLn 26$3K
Net assetsLn 32$233K
OperationsPt I, VI
EmployeesI 52
VolunteersI 65
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$245K$232K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$250K$236K
LiabilitiesLn 26$4K$3K
Net assetsLn 32$246K$233K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$75K$55K$8K$12K
Other salaries and wagesLn 7$41K$30K$4K$7K
Payroll taxesLn 10$10K$7K$1K$2K
Other fees for servicesLn 11g$36K$32K$4K$0
Advertising and promotionLn 12$144$0$144$0
Office expensesLn 13$249$183$25$41
OccupancyLn 16$16K$12K$1K$2K
TravelLn 17$69$69$0$0
InsuranceLn 23$4K$3K$403$664
Other expenses (24a–d)Ln 24$11K$4K$832$7K
All other expensesLn 24e$211$0$211$0
Total functional expensesLn 25$193K$144K$19K$30K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Jun 12, 2026 $221K$190K$31K$269K 990 PDF
FY2024Filed with the IRS Jul 14, 2025 $201K$197K$4K$237K 990 PDF
FY2023 ViewingFiled with the IRS Jul 8, 2024 $180K$193K−$13K$233K 990 PDF
FY2022Filed with the IRS Mar 13, 2023 $209K$170K$40K$246K 990 PDF
FY2021Filed with the IRS Apr 6, 2022 $234K$136K$99K$206K 990 PDF
FY2020Filed with the IRS Jul 9, 2021 $179K$107K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $180,307 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $203,918$137,822
I-9 Program service revenue$32,795
I-10 Investment income$0
I-11 Other revenuePrior year $5,436$9,690
I-12 Total revenuePrior year $209,354$180,307
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $122,687$125,891
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $46,933$67,332
I-18 Total expensesPrior year $169,620$193,223
I-19 Revenue less expensesPrior year $39,734−$12,916
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $180,307 across 8 lines filed
Lines not itemized here account for $1,750 of total revenue; see the IRS return.
VIII-1b Membership dues$6,312
VIII-1c Fundraising events$23,177
VIII-1e Government grants$64,530
VIII-1f All other contributions, gifts and grants$43,803
VIII-1h Total contributions, gifts and grants$137,822
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$32,795
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $7,940 · Unrelated business $0 · Excluded from tax $0$7,940
VIII-12 Total revenueRelated to mission $42,485 · Unrelated business $0 · Excluded from tax $0$180,307
Part IX · Statement of functional expenses $193,223 across 11 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $55,141 · Management $7,500 · Fundraising $12,359$75,000
IX-7 Other salaries and wagesPrograms $29,973 · Management $4,077 · Fundraising $6,718$40,768
IX-10 Payroll taxesPrograms $7,443 · Management $1,012 · Fundraising $1,668$10,123
IX-11g Other fees for servicesPrograms $32,042 · Management $3,780 · Fundraising $0$35,822
IX-12 Advertising and promotionPrograms $0 · Management $144 · Fundraising $0$144
IX-13 Office expensesPrograms $183 · Management $25 · Fundraising $41$249
IX-16 OccupancyPrograms $12,375 · Management $1,290 · Fundraising $2,127$15,792
IX-17 TravelPrograms $69 · Management $0 · Fundraising $0$69
IX-23 InsurancePrograms $2,961 · Management $403 · Fundraising $664$4,028
IX-24 Other expenses (24a–d)Programs $3,535 · Management $832 · Fundraising $6,650$11,017
IX-24e All other expensesPrograms $0 · Management $211 · Fundraising $0$211
IX-25 Total functional expensesPrograms $143,722 · Management $19,274 · Fundraising $30,227$193,223
Part X · Balance sheet $235,996 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $244,664$232,496
X-3 Pledges and grants receivableStart of year $2,000$2,500
X-10c Land, buildings and equipment, netStart of year $0$0
X-15 Other assetsStart of year $3,000$1,000
X-16 Total assetsStart of year $249,664$235,996
X-17 Accounts payable and accrued expensesStart of year $3,951$3,199
X-26 Total liabilitiesStart of year $3,951$3,199
X-27 Net assets without donor restrictionsStart of year $245,713$232,797
X-32 Total net assets or fund balancesStart of year $245,713$232,797
X-33 Total liabilities and net assetsStart of year $249,664$235,996
Part XI · Reconciliation of net assets $232,797 net assets at year end
XI-1 Total revenue$180,307
XI-2 Total expenses$193,223
XI-3 Revenue less expenses−$12,916
XI-4 Net assets at start of year$245,713
XI-10 Net assets at end of year$232,797

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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