Is it real?
Yes. Exemption reinstated (2012-11-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Jun 2014.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
99 cents of each dollar spent went to programs.
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
4 people listed on the 990.
Murat Bakir PHD’s $108K as Senior Business Manager is at the 37th percentile of top reported officer pay among 3394 $1–10M education 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 · 2 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2021 | FY2020 |
|---|---|---|---|---|
| Murat Bakir PHD | $107,740 | $111,267 | — | — |
| Orhan Akbulut | — | — | $66,105 | $59,491 |
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.
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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 15aYes
Programs and updates
Offers facilities for charter schools in North Carolina.
Questions for Triad Educational Services INC
Your first name shows with your question. Triad Educational Services INC answers here, for everyone.
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Provided facilities and grounds maintenance for triad math and science academy and triangle math and science acadamy, charter schools located in north carolina.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $776K | $824K |
| InvestmentsLn 11–13 | $1.7M | $18.3M |
| Land, buildings, equipmentLn 10c | $15.1M | $46.2M |
| Total assetsLn 16 | $19.2M | $65.3M |
| LiabilitiesLn 26 | $20.2M | $68.1M |
| Net assetsLn 32 | −$1.0M | −$2.8M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Other salaries and wagesLn 7 | $71K | $57K | $14K | |
| Legal feesLn 11b | $12K | $12K | ||
| Accounting feesLn 11c | $4K | $4K | ||
| Investment management feesLn 11f | $900 | $900 | ||
| Office expensesLn 13 | $355 | $355 | ||
| OccupancyLn 16 | $34K | $34K | ||
| TravelLn 17 | $621 | $621 | ||
| InterestLn 20 | $1.1M | $1.1M | ||
| Depreciation, depletion and amortizationLn 22 | $719K | $709K | $10K | |
| InsuranceLn 23 | $13K | $13K | ||
| Other expenses (24a–d)Ln 24 | $2.8M | $2.8M | ||
| Total functional expensesLn 25 | $4.8M | $4.7M | $25K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $8.0M | $14.7M | −$6.7M | −$10.5M | 990 PDF |
| FY2024 | $6.3M | $7.5M | −$1.2M | −$3.9M | 990 PDF |
| FY2023 | $7.6M | $5.2M | $2.4M | −$2.6M | 990 PDF |
| FY2022 Viewing | $5.9M | $4.8M | $1.2M | −$2.8M | 990 PDF |
| FY2021 | $1.9M | $1.8M | $127K | −$1.0M | 990 PDF |
| FY2020 | $1.8M | $1.8M | −$19K | −$1.2M | 990 PDF |
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Schedules filed Part IV
See the full FY2022 990 (6 parts)
Part I · Summary $5,915,716 revenue, 12 lines filed
Part VI · Governance 3 of 3 board members independent, 2 to look at
Part VIII · Statement of revenue $5,915,716 across 4 lines filed
Part IX · Statement of functional expenses $4,754,516 across 11 lines filed
Part X · Balance sheet $65,312,732 assets, 10 lines filed
Part XI · Reconciliation of net assets −$2,813,902 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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