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The Triangle Foundation INC FY2021 filing

Tax-deductible

Lexington, KY501(c)(3)Recreation & SportsEIN 31-0988403Revenue $104K in FY2021

On file with the IRStriangleparklexington.orgPo Box 223, 40588-0223 · Lexington, KYTax-exempt since Sep 1980Publicly supported charity — 170(b)(1)(A)(vi)

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Support projects that beautify and promote the rich kentucky heritage.

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
3 of 6
filings with a surplus
Average surplus $76K a year · 32% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
234 mo
of spending, in cash
Looks good: 234.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$91K
0.5% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$104K
-73% vs prior year
Spent
$97K
To programs
86%
Net assets
$17.5M
By yearFY2020–FY2025
Revenue
$104K
FY2021▼ -73%
Tap a bar for its year
Revenue by fiscal year
FY2020$384K
FY2021$104K
FY2022$129K
FY2023$102K
FY2024$146K
FY2025$569K
Expenses
$97K
FY2021▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2020$95K
FY2021$97K
FY2022$131K
FY2023$194K
FY2024$218K
FY2025$243K
Net assets
$17.5M
FY2021▲ +26%
Tap a bar for its year
Net assets by fiscal year
FY2020$13.9M
FY2021$17.5M
FY2022$17.2M
FY2023$16.6M
FY2024$19.0M
FY2025$20.7M

From the FY2021 Form 990 (year ending May 2021) · see the original

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You’re viewing the FY2021 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 Sep 1980.

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

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $84K Management & general 14% · $14K

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

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Mr Ray Ball
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See The Triangle Foundation INC executive salaries →

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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 15aNo

Programs and updates

Beautifies and promotes rich Kentucky heritage through supported projects.

Questions for The Triangle Foundation INC

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Provided by the organization

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1 program · $84K · in their own filed words · FY2020
01

Maintenance of triangle park and thoroughbred park.

$84Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 5 grants · $107K · 2019–2024
Lexington Center CorporationKY · FY2024$11,250
Lexington Center CorporationKY · FY2023$31,250
Lexington Center CorporationKY · FY2022$20,000
Lexington Center CorporationKY · FY2021$34,725
Lexington Center CorporationKY · FY2019$10,250

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$104K
Ln 12
Investment incomeLn 3$91K
Gifts and grantsLn 1h$12K
Money outPt IX
$97K
Ln 25
Programscol B$84K
Managementcol C$14K
Owns and owesPt X
$17.5M
net assets · Ln 32
Cash and savingsLn 1–2$1.9M
Total assetsLn 16$17.6M
LiabilitiesLn 26$91K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$12K
Investment incomeLn 3$91K
Gains on assetsLn 7−$38K
Total revenueLn 12$104K
Assets in detailPt X, end of year
CashLn 1$25K
SavingsLn 2$1.9M
Cash and savings togetherLn 1–2$1.9M
InvestmentsLn 11–13$10.4M
Land, buildings, equipmentLn 10c$5.3M
Total assetsLn 16$17.6M
LiabilitiesLn 26$91K
Net assetsLn 32$17.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 688
Fiscal year endsHeaderMay
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$1.1M$1.9M
InvestmentsLn 11–13$7.5M$10.4M
Land, buildings, equipmentLn 10c$5.4M$5.3M
Total assetsLn 16$13.9M$17.6M
LiabilitiesLn 26$91K$91K
Net assetsLn 32$13.9M$17.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Information technologyLn 14$4K$4K
Depreciation, depletion and amortizationLn 22$52K$52K
InsuranceLn 23$8K$8K
Other expenses (24a–d)Ln 24$34K$27K$6K
All other expensesLn 24e$60$60
Total functional expensesLn 25$97K$84K$14K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $569K$243K$327K$20.7M 990 PDF
FY2024 $146K$218K−$73K$19.0M 990 PDF
FY2023 $102K$194K−$92K$16.6M 990 PDF
FY2022 $129K$131K−$3K$17.2M 990 PDF
FY2021 Viewing $104K$97K$6K$17.5M 990 PDF
FY2020 $384K$95K$289K$13.9M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $103,978 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $29,000$12,500
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $354,712$91,478
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $383,712$103,978
I-13 Grants and similar amounts paidPrior year $10,250$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $84,619$97,494
I-18 Total expensesPrior year $94,869$97,494
I-19 Revenue less expensesPrior year $288,843$6,484
Part VI · Governance 10 of 10 board members independent, 3 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $103,978 across 5 lines filed
VIII-1f All other contributions, gifts and grants$12,500
VIII-1h Total contributions, gifts and grants$12,500
VIII-3 Investment incomeExcluded from tax $129,279$129,279
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$37,801−$37,801
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $91,478$103,978
Part IX · Statement of functional expenses $97,494 across 5 lines filed
IX-14 Information technologyPrograms $4,500$4,500
IX-22 Depreciation, depletion and amortizationPrograms $51,826$51,826
IX-23 InsuranceManagement $7,501$7,501
IX-24 Other expenses (24a–d)Programs $27,179 · Management $6,428$33,607
IX-24e All other expensesManagement $60$60
IX-25 Total functional expensesPrograms $83,505 · Management $13,989 · Fundraising $0$97,494
Part X · Balance sheet $17,588,938 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $5,684$24,921
X-2 Savings and temporary cash investmentsStart of year $1,104,528$1,879,696
X-10c Land, buildings and equipment, netStart of year $5,356,790$5,332,634
X-11 Publicly traded securitiesStart of year $7,478,044$10,351,687
X-16 Total assetsStart of year $13,945,046$17,588,938
X-25 Other liabilitiesStart of year $90,909$90,909
X-26 Total liabilitiesStart of year $90,909$90,909
X-27 Net assets without donor restrictionsStart of year $13,854,137$17,498,029
X-32 Total net assets or fund balancesStart of year $13,854,137$17,498,029
X-33 Total liabilities and net assetsStart of year $13,945,046$17,588,938
Part XI · Reconciliation of net assets $17,498,029 net assets at year end
XI-1 Total revenue$103,978
XI-2 Total expenses$97,494
XI-3 Revenue less expenses$6,484
XI-4 Net assets at start of year$13,854,137
XI-5 Net unrealized gains (losses) on investments$3,637,408
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$17,498,029

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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