Triangle Day School INC FY2023 filing

Tax-deductible

Durham, NC501(c)(3)Since 1991EIN 56-1736992

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As a warm and welcoming community devoted to academic excellence, Triangle Day School ignites intellectual curiosity, fosters compassion and integrity and nurtures creativity, inspiring confidence in each student to lead a life of purpose.

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
$213K 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $1.1M a year · 18% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$213K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
10 mo
of spending, in cash
Looks good: 10.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $18K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2.6M
25% of total assets
Looks good: liabilities are 25% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$6.3M
+3% vs prior year
Spent
$5.5M
To programs
77%
Net assets
$7.8M
By yearFY2020–FY2024
Revenue
$6.3M
FY2023▲ +3%
Revenue by fiscal year
FY2020$4.2M
FY2021$5.3M
FY2022$6.1M
FY2023$6.3M
FY2024$8.5M
FY2024$7.8M
Expenses
$5.5M
FY2023▲ +10%
Expenses by fiscal year
FY2020$3.8M
FY2021$4.6M
FY2022$5.0M
FY2023$5.5M
FY2024$6.0M
FY2024$6.8M
Net assets
$7.8M
FY2023▲ +11%
Net assets by fiscal year
FY2020$5.1M
FY2021$5.9M
FY2022$7.0M
FY2023$7.8M
FY2024$10.4M
FY2024$11.4M

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1993.

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

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $4.2M Management & general 15% · $808K Fundraising 9% · $483K

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

13 people listed on the 990; $213K 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
Head of School
$212,866Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

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

NameFY2024FY2024FY2023FY2022FY2021FY2020
Doug Norry$263,986$222,717$212,866$212,866$183,224$178,537

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

Encourages learning, creativity, and community respect through intellectual engagement.

Provided by the organization

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1 program service account for $4.2M of program spending, described in the organization's own filed words · FY2022.
01

We are a non sectarian educatonal facility providing a traditonal liberal arts education for students in grades transitional kindergarten through 8TH. Total enrollment for the 2022-2023 school year was 317 students.

$4.2Mprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$18K
Grants paid · 2 grants · $771K · 2023–2024
Unitemized GrantFY2024$366,615
Unitemized GrantFY2023$404,078

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$6.3M
Ln 12
Fees for servicesLn 2g$5.7M
Gifts and grantsLn 1h$345K
Investment incomeLn 3$131K
Money outPt IX
$5.5M
Ln 25
Programscol B$4.2M
Managementcol C$808K
Fundraisingcol D$483K
Owns and owesPt X
$7.8M
net assets · Ln 32
Cash and savingsLn 1–2$4.6M
Total assetsLn 16$10.4M
LiabilitiesLn 26$2.6M
PeoplePt VI, VII
13
listed · VII A
PaidVII A1
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$345K
Noncash giftsLn 1g$12K
Fundraising eventsLn 1c$77K
Fees for servicesLn 2g$5.7M
Investment incomeLn 3$131K
Other incomeLn 4–11$93K
Gains on assetsLn 7−$2K
Total revenueLn 12$6.3M
Assets in detailPt X, end of year
CashLn 1−$12K
SavingsLn 2$4.6M
Cash and savings togetherLn 1–2$4.6M
InvestmentsLn 11–13$77K
Land, buildings, equipmentLn 10c$5.6M
Other assetsLn 15$75K
Total assetsLn 16$10.4M
LiabilitiesLn 26$2.6M
Net assetsLn 32$7.8M
OperationsPt I, VI
EmployeesI 5106
VolunteersI 6100
Fiscal year endsHeaderJune
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 FY23End FY23
Cash and savingsLn 1–2$3.8M$4.6M
InvestmentsLn 11–13$52K$77K
Land, buildings, equipmentLn 10c$5.7M$5.6M
Total assetsLn 16$9.6M$10.4M
LiabilitiesLn 26$2.6M$2.6M
Net assetsLn 32$7.0M$7.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$332K$332K
Pay of current officers, directors and key staffLn 5$242K$182K$36K$24K
Other salaries and wagesLn 7$2.9M$2.2M$433K$289K
Pension plan contributionsLn 8$45K$34K$7K$5K
Other employee benefitsLn 9$464K$348K$70K$46K
Payroll taxesLn 10$233K$175K$35K$23K
Legal feesLn 11b$7K$7K
Accounting feesLn 11c$19K$19K
Investment management feesLn 11f$312$312
Other fees for servicesLn 11g$87K$56K$31K
Advertising and promotionLn 12$66K$66K
Office expensesLn 13$69K$51K$17K
OccupancyLn 16$181K$163K$9K$9K
TravelLn 17$12K$12K
InterestLn 20$67K$60K$3K$3K
Depreciation, depletion and amortizationLn 22$271K$244K$14K$14K
InsuranceLn 23$52K$46K$3K$3K
Other expenses (24a–d)Ln 24$234K$180K$3K$51K
All other expensesLn 24e$241K$170K$55K$16K
Total functional expensesLn 25$5.5M$4.2M$808K$483K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $8.5M$6.0M$2.6M$10.4M 990 PDF
FY2023 Viewing $6.3M$5.5M$795K$7.8M 990 PDF
FY2022 $6.1M$5.0M$1.1M$7.0M 990 PDF
FY2021 $5.3M$4.6M$689K$5.9M 990 PDF
FY2020 $4.2M$3.8M$413K$5.1M 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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $6,301,101 across 11 lines filed
VIII-1c Fundraising events$77,426
VIII-1f All other contributions, gifts and grants$267,814
VIII-1g Noncash contributions (included above)$11,707
VIII-1h Total contributions, gifts and grants$345,240
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,731,454$5,731,454
VIII-3 Investment incomeExcluded from tax $133,001$133,001
VIII-6 Net rental income or lossExcluded from tax $43,693$43,693
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$1,704−$1,704
VIII-8 Net income from fundraising eventsExcluded from tax $33,639$33,639
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $15,778$15,778
VIII-12 Total revenueRelated to mission $5,747,232 · Unrelated business $0 · Excluded from tax $208,629$6,301,101
Part IX · Statement of functional expenses $5,506,196 across 19 lines filed
IX-2 Grants to domestic individualsPrograms $331,665$331,665
IX-5 Pay of current officers, directors and key staffPrograms $181,542 · Management $36,308 · Fundraising $24,206$242,056
IX-7 Other salaries and wagesPrograms $2,164,041 · Management $432,809 · Fundraising $288,539$2,885,389
IX-8 Pension plan contributionsPrograms $33,863 · Management $6,773 · Fundraising $4,515$45,151
IX-9 Other employee benefitsPrograms $348,064 · Management $69,613 · Fundraising $46,408$464,085
IX-10 Payroll taxesPrograms $174,513 · Management $34,902 · Fundraising $23,268$232,683
IX-11b Legal feesManagement $7,301$7,301
IX-11c Accounting feesManagement $19,060$19,060
IX-11f Investment management feesManagement $312$312
IX-11g Other fees for servicesPrograms $56,128 · Management $30,770$86,898
IX-12 Advertising and promotionManagement $66,340$66,340
IX-13 Office expensesPrograms $51,159 · Management $17,368$68,527
IX-16 OccupancyPrograms $162,964 · Management $9,054 · Fundraising $9,054$181,072
IX-17 TravelPrograms $11,589$11,589
IX-20 InterestPrograms $60,459 · Management $3,359 · Fundraising $3,359$67,177
IX-22 Depreciation, depletion and amortizationPrograms $243,961 · Management $13,553 · Fundraising $13,553$271,067
IX-23 InsurancePrograms $46,485 · Management $2,583 · Fundraising $2,583$51,651
IX-24 Other expenses (24a–d)Programs $179,682 · Management $2,907 · Fundraising $50,962$233,551
IX-24e All other expensesPrograms $169,707 · Management $54,520 · Fundraising $16,395$240,622
IX-25 Total functional expensesPrograms $4,215,822 · Management $807,532 · Fundraising $482,842$5,506,196
Part X · Balance sheet $10,415,007 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $2,319,003−$11,618
X-2 Savings and temporary cash investmentsStart of year $1,509,215$4,584,783
X-3 Pledges and grants receivableStart of year $24,381$28,533
X-4 Accounts receivableStart of year $15,954$8,791
X-9 Prepaid expenses and deferred chargesStart of year $6,530$6,532
X-10c Land, buildings and equipment, netStart of year $5,695,627$5,611,977
X-11 Publicly traded securitiesStart of year $52,267$77,152
X-14 Intangible assets$34,310
X-15 Other assetsStart of year $0$74,547
X-16 Total assetsStart of year $9,622,977$10,415,007
X-17 Accounts payable and accrued expensesStart of year $363,376$352,345
X-19 Deferred revenueStart of year $561,561$680,962
X-26 Total liabilitiesStart of year $2,586,642$2,578,166
X-27 Net assets without donor restrictionsStart of year $6,961,318$7,765,246
X-28 Net assets with donor restrictionsStart of year $75,017$71,595
X-32 Total net assets or fund balancesStart of year $7,036,335$7,836,841
X-33 Total liabilities and net assetsStart of year $9,622,977$10,415,007
Part XI · Reconciliation of net assets $7,836,841 net assets at year end
XI-1 Total revenue$6,301,101
XI-2 Total expenses$5,506,196
XI-3 Revenue less expenses$794,905
XI-4 Net assets at start of year$7,036,335
XI-5 Net unrealized gains (losses) on investments$5,601
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$7,836,841

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

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