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Triangle Research Libraries Network INC FY2024 filing

Tax-deductible

Durham, NC501(c)(3)Since 2020Education EIN 85-1016955Revenue $2.1M in FY2024Latest return filed May 13, 2026

On file with the IRStrln.orgBox 90194 411 Chapel Drive, 27708-9984 · Durham, NCTax-exempt since Sep 2020Publicly supported — 509(a)(2)

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Triangle Research Libraries Network (trln) is a collaborative organization of duke university, north carolina central university, north carolina state university, and the university of north carolina at chapel hill, the purpose of which is to marshal the financial, human, and information resources of their Research Libraries through cooperative efforts in order to create a rich and unparalleled knowledge environment that furthers the universities' teaching, Research, learning, and service missions.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
$166K 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

FY2024 · 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
1 of 6
filings with a surplus
Average surplus $8K a year · under 1% of revenue · last 6 filings
Worth a look: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$166K
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 9 voting members
Looks good: 8 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.1M
-2% vs prior year
Spent
$2.1M
To programs
90%
Net assets
$544K
By yearFY2020–FY2025
Revenue
$2.1M
FY2024▼ -2%
Tap a bar for its year
Revenue by fiscal year
FY2020$120K
FY2021$2.3M
FY2022$1.7M
FY2023$2.1M
FY2024$2.1M
FY2025$2.1M
Expenses
$2.1M
FY2024▼ -2%
Tap a bar for its year
Expenses by fiscal year
FY2020$459K
FY2021$1.4M
FY2022$2.1M
FY2023$2.2M
FY2024$2.1M
FY2025$2.1M
Net assets
$544K
FY2024▼ -6%
Tap a bar for its year
Net assets by fiscal year
FY2020$150K
FY2021$1.0M
FY2022$604K
FY2023$580K
FY2024$544K
FY2025$538K

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 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 2020.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $1.9M Management & general 10% · $219K

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; $166K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Lisa Croucher
Executive Director
$126,504Pt VII · Sec A
McKenna Lakin
Secretary
$39,241Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Greg Raschke
Director
$0Pt VII · Sec A
Joe Salem
Director
$0Pt VII · Sec A

Lisa Croucher’s $131K as Executive Director Thru 04/25 is at the 54th percentile of top reported officer pay among 3395 $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

NameFY2025FY2024FY2023FY2022FY2021
Lisa Croucher$130,916$126,504$115,479$105,117$103,729
McKenna Lakin$46,905$39,241$41,157$45,674$45,745

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 Research Libraries Network INC 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

Unites university libraries to share resources and create a rich knowledge environment.

Questions for Triangle Research Libraries Network INC

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Your first name shows with your question. Triangle Research Libraries Network INC answers here, for everyone.

3 programs · $1.9M · in their own filed words · FY2023
01

Implementation and management of a shared library catalog and of resource-sharing software systems and activities. The shared library catalog allows any user at the four TRLN member libraries to search for and request materials held at all four TRLN member institutions.

$1.9Mprogram expense
02

Member institutions and TRLN all pay annually towards a courier van service that delivers library materials requested through the shared library catalog to member campuses.

$18Kprogram expense
03

TRLN annual meeting. On july 17 and 18, 2023, TRLN held a two-day meeting with 295 registrants. There were two keynote speakers and presentations focused on the theme of accessibility. The meeting also included community interest group meetings and the workshop "envisioning trans-inclusive public libraries." a full schedule and more…

$17Kprogram 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 · FY2024
Forest at Duke INCFY2024$10K
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.1M
Ln 12
Fees for servicesLn 2g$1.6M
Gifts and grantsLn 1h$513K
Money outPt IX
$2.1M
Ln 25
Programscol B$1.9M
Managementcol C$219K
Owns and owesPt X
$544K
net assets · Ln 32
Cash and savingsLn 1–2$544K
Total assetsLn 16$544K
LiabilitiesLn 26$0
PeoplePt VI, VII
10
listed · VII A
PaidVII A2
Voting boardVI 1a9
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$513K
Fees for servicesLn 2g$1.6M
Total revenueLn 12$2.1M
Assets in detailPt X, end of year
CashLn 1$544K
Cash and savings togetherLn 1–2$544K
Total assetsLn 16$544K
LiabilitiesLn 26$0
Net assetsLn 32$544K
OperationsPt I, VI
EmployeesI 50
VolunteersI 68
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 FY24End FY24
Cash and savingsLn 1–2$580K$544K
Total assetsLn 16$580K$544K
LiabilitiesLn 26$0$0
Net assetsLn 32$580K$544K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$209K$94K$115K
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$4K$4K
Office expensesLn 13$7K$7K$6
Information technologyLn 14$46K$46K
TravelLn 17$6K$6K
Conferences, conventions and meetingsLn 19$24K$24K
InsuranceLn 23$650$650
Other expenses (24a–d)Ln 24$1.8M$1.7M$101K
Total functional expensesLn 25$2.1M$1.9M$219K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 13, 2026 $2.1M$2.1M−$6K$538K 990 PDF
FY2024 ViewingFiled with the IRS May 15, 2025 $2.1M$2.1M−$35K$544K 990 PDF
FY2023Filed with the IRS May 13, 2024 $2.1M$2.2M−$24K$580K 990 PDF
FY2022Filed with the IRS May 5, 2023 $1.7M$2.1M−$399K$604K 990 PDF
FY2021Filed with the IRS May 11, 2022 $2.3M$1.4M$853K$1.0M 990 PDF
FY2020Filed with the IRS Sep 15, 2021 $120K$459K−$339K$150K 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 FY2024 990 (6 parts)
Part I · Summary $2,079,304 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $508,200$512,977
I-9 Program service revenuePrior year $1,622,547$1,566,327
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $2,130,747$2,079,304
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $182,700$208,685
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,972,297$1,906,008
I-18 Total expensesPrior year $2,154,997$2,114,693
I-19 Revenue less expensesPrior year −$24,250−$35,389
Part VI · Governance 8 of 9 board members independent, 3 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members8
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 $2,079,304 across 4 lines filed
VIII-1b Membership dues$512,977
VIII-1h Total contributions, gifts and grants$512,977
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,566,327$1,566,327
VIII-12 Total revenueRelated to mission $1,566,327 · Unrelated business $0 · Excluded from tax $0$2,079,304
Part IX · Statement of functional expenses $2,114,693 across 9 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $94,052 · Management $114,633$208,685
IX-11c Accounting feesManagement $3,400$3,400
IX-11g Other fees for servicesPrograms $4,000$4,000
IX-13 Office expensesPrograms $6,969 · Management $6$6,975
IX-14 Information technologyPrograms $45,964$45,964
IX-17 TravelPrograms $5,704$5,704
IX-19 Conferences, conventions and meetingsPrograms $23,550$23,550
IX-23 InsuranceManagement $650$650
IX-24 Other expenses (24a–d)Programs $1,715,198 · Management $100,567$1,815,765
IX-25 Total functional expensesPrograms $1,895,437 · Management $219,256 · Fundraising $0$2,114,693
Part X · Balance sheet $544,164 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $579,553$544,164
X-16 Total assetsStart of year $579,553$544,164
X-26 Total liabilitiesStart of year $0$0
X-29 Capital stock or trust principalStart of year $0$0
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year $579,553$544,164
X-32 Total net assets or fund balancesStart of year $579,553$544,164
X-33 Total liabilities and net assetsStart of year $579,553$544,164
Part XI · Reconciliation of net assets $544,164 net assets at year end
XI-1 Total revenue$2,079,304
XI-2 Total expenses$2,114,693
XI-3 Revenue less expenses−$35,389
XI-4 Net assets at start of year$579,553
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$544,164

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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