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The Triangle Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 310988403 ✦ Lexington, KY ✦ Designated as a 501(c)(3)

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Overview

What is The Triangle Foundation Inc?

The Triangle Foundation Inc is a nonprofit organization based in Kentucky, specifically in Lexington and Fayette County. Their primary mission is to support local city and county initiatives that enhance and celebrate the area's rich heritage. These projects often involve beautification, and the organization currently maintains two significant sites: Triangle Park in downtown Lexington and Thoroughbred Park. By providing financial support for such projects, The Triangle Foundation plays a crucial role in preserving and promoting Kentucky's heritage.


Official website here: www.triangleparklexington.org

Is The Triangle Foundation Inc legitimate?

The Triangle Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Triangle Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.triangleparklexington.org

What is the mission statement of The Triangle Foundation Inc?

The Triangle Foundation is a non-profit organization dedicated to supporting local projects that enhance and preserve cultural heritage. When public funds are insufficient, this organization steps in to aid these initiatives. The primary focus of their projects is on aesthetics and the promotion of the rich heritage. Currently, The Foundation is maintaining two such projects: Triangle Park in downtown Lexington, Kentucky, and Thoroughbred Park located in Fayette County, Kentucky. The mission of The Triangle Foundation is to contribute to the beautification and preservation of cultural heritage through financial support for local government projects where funding is lacking.


Official website here: www.triangleparklexington.org

Who is the CEO of The Triangle Foundation Inc?

Stephen L Grossman is the Chairman of The Triangle Foundation Inc.


Official website here: www.triangleparklexington.org

What is the revenue of The Triangle Foundation Inc?

The Triangle Foundation Inc's revenue in 2022 was $128,653.


Official website here: www.triangleparklexington.org

Who are the executives of The Triangle Foundation Inc and what are their salaries?

There 88 volunteers at The Triangle Foundation Inc.


Here are 10 key members and their salaries:


Mr Edward S Barr (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Stephen L Grossman (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Douglas Dean (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Herbert A Miller Jr (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Ray Ball (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Headley Bell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr Steven H Caller (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ms Ellen Chapman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr William Rouse Iii (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mr William T Young Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.triangleparklexington.org

Where can I find the form 990 for The Triangle Foundation Inc?

The Triangle Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.triangleparklexington.org

Learn more at the official website: www.triangleparklexington.org

Mission Statement of The Triangle Foundation Inc

The Triangle Foundation, a not-for-profit organization, is committed to supporting local city and county government projects that fall beyond the reach of public funding. These projects often serve to enhance and celebrate Kentucky's rich heritage, primarily focusing on beautification and promotion. Currently, The Foundation is actively involved in maintaining two such projects: Triangle Park in downtown Lexington, Kentucky, and Thoroughbred Park located in Fayette County. By spearheading these initiatives, The Triangle Foundation seeks to preserve and showcase the unique cultural and historical aspects of its region.

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Impact




October, 2024

The Triangle Foundation Inc enhances the aesthetic and cultural landscape of Kentucky by supporting projects that beautify and celebrate the state's rich heritage. By focusing on initiatives that local city and county governments may not have the budget for, the Foundation plays a crucial role in preserving and promoting Kentucky's historical and cultural significance.

Currently, the Foundation is responsible for maintaining Triangle Park in downtown Lexington and Thoroughbred Park in Fayette County, ensuring these public spaces remain inviting and reflect the local heritage. These efforts contribute to the community's quality of life, provide recreational opportunities, and foster a sense of pride among residents and visitors alike. The Foundation's work is essential in cultivating environments that both honor Kentucky's past and encourage its future growth as a vibrant cultural hub.




This information is meant to be a general summary of The Triangle Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$128,653 (2022)
Expenses
$131,360 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $100,653
  • Gross Receipts: $370,988

Assets and Liabilities:

  • Total Assets: $17,299,238
  • Total Liabilities: $90,909
  • Net Assets: $17,208,329

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Organization Details

Founding Year

1980

Principal Officer

Stephen L Grossman

Main Address

PO BOX 223, LEXINGTON, KY, 40588

NTEE Category

Code: N120 - Recreation

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