Nonprofit · EIN 31-0988403
TRIANGLE FOUNDATION INC
Tax-exempt · LEXINGTON, KY 40588
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990 | $569,496 | $242,528 | $326,968 | $20,778,731 | $90,909 | $20,687,822 |
| May 31, 2024 | 990 | $145,519 | $218,442 | -$72,923 | $19,078,881 | $90,909 | $18,987,972 |
| May 31, 2023 | 990 | $101,629 | $193,763 | -$92,134 | $16,710,801 | $90,909 | $16,619,892 |
Financial details: 990 for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $28,000
- Program service revenue
- $0
- Investment income
- $541,496
- Net gain from sales of assets
- $346,301
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $11,250
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Depreciation
- $68,846
- Program services (functional)
- $219,229
- Management and general (functional)
- $23,299
Balance sheet and other
- Total assets, start of year
- $19,078,881
- Total assets, end of year
- $20,778,731
- Total liabilities, end of year
- $90,909
- Net assets, end of year
- $20,687,822
- Land, buildings and equipment
- $5,527,149
- Publicly traded securities
- $14,301,358
- Net assets without donor restrictions
- $20,687,822
- Gross receipts
- $1,028,878
- Employees
- 0
- Volunteers
- 79
- Year formed
- 1980
- State of legal domicile
- KY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MR EDWARD S BARR | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| MR STEPHEN L GROSSMAN | PRESIDENT Trustee or director, Officer | 1 | $0 |
| MR DOUGLAS DEAN | TREASURER Trustee or director, Officer | 0.5 | $0 |
| MR HERBERT A MILLER JR | SECRETARY Trustee or director, Officer | 0.2 | $0 |
| MR HEADLEY BELL | DIRECTOR Trustee or director | 0.2 | $0 |
| MR STEVEN H CALLER | DIRECTOR Trustee or director | 0.2 | $0 |
| MS ELLEN CHAPMAN | DIRECTOR Trustee or director | 0.2 | $0 |
| MR WILLIAM ROUSE III | DIRECTOR Trustee or director | 0.2 | $0 |
| MR WILLIAM T YOUNG JR | DIRECTOR Trustee or director | 0.2 | $0 |
990 for the year ended May 31, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MR EDWARD S BARR | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| MR STEPHEN L GROSSMAN | PRESIDENT Trustee or director, Officer | 1 | $0 |
| MR DOUGLAS DEAN | TREASURER Trustee or director, Officer | 0.2 | $0 |
| MR HERBERT A MILLER JR | SECRETARY Trustee or director, Officer | 0.2 | $0 |
| MR HEADLEY BELL | DIRECTOR Trustee or director | 0.2 | $0 |
| MR STEVEN H CALLER | DIRECTOR Trustee or director | 0.2 | $0 |
| MS ELLEN CHAPMAN | DIRECTOR Trustee or director | 0.2 | $0 |
| MR WILLIAM ROUSE III | DIRECTOR Trustee or director | 0.2 | $0 |
| MR WILLIAM T YOUNG JR | DIRECTOR Trustee or director | 0.2 | $0 |
990 for the year ended May 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MR EDWARD S BARR | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| MR STEPHEN L GROSSMAN | PRESIDENT Trustee or director, Officer | 1 | $0 |
| MR DOUGLAS DEAN | TREASURER Trustee or director, Officer | 0.2 | $0 |
| MR HERBERT A MILLER JR | SECRETARY Trustee or director, Officer | 0.2 | $0 |
| MR HEADLEY BELL | DIRECTOR Trustee or director | 0.2 | $0 |
| MR STEVEN H CALLER | DIRECTOR Trustee or director | 0.2 | $0 |
| MS ELLEN CHAPMAN | DIRECTOR Trustee or director | 0.2 | $0 |
| MR WILLIAM ROUSE III | DIRECTOR Trustee or director | 0.2 | $0 |
| MR WILLIAM T YOUNG JR | DIRECTOR Trustee or director | 0.2 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 223, LEXINGTON, KY 40588-0223
- Principal officer (990 for 2024)
- STEPHEN L GROSSMAN, PO BOX 223, LEXINGTON, KY 40588
- Signed the 990
- STEPHEN L GROSSMAN, PRESIDENT
- Phone
- (859) 338-0369
- Website
- TRIANGLEPARKLEXINGTON.ORG
- Return prepared by
- DEAN DORTON ALLEN FORD PLLC
Mission
SEE SCHEDULE O
Program accomplishments
- MAINTENANCE OF TRIANGLE PARK AND THOROUGHBRED PARK.Expenses $219,229 · grants $11,250
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Not on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990 on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990 on file |
IRS record
- EIN
- 31-0988403
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1980
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N120)
- Assets (IRS master file)
- $20,778,731
- Income (IRS master file)
- $1,028,878
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2025 | $569,496 | $242,528 | $20,778,731 | XML |
| 990 | May 2024 | $145,519 | $218,442 | $19,078,881 | XML |
| 990 | May 2023 | $101,629 | $193,763 | $16,710,801 | XML |
| 990 | May 2022 | – | – | – | IRS |
| 990 | May 2021 | – | – | – | IRS |
| 990 | May 2020 | – | – | – | IRS |
| 990 | May 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 31-0988403).
Questions about TRIANGLE FOUNDATION INC
- What is the EIN of TRIANGLE FOUNDATION INC?
- The employer identification number (EIN) of TRIANGLE FOUNDATION INC is 31-0988403.
- Is TRIANGLE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1980.
- Are donations to TRIANGLE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TRIANGLE FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of TRIANGLE FOUNDATION INC due?
- The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TRIANGLE FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended May 2025.
- Who is the principal officer of TRIANGLE FOUNDATION INC?
- The 990 for the year ended May 31, 2025 names STEPHEN L GROSSMAN.
- Who are the officers and directors of TRIANGLE FOUNDATION INC?
- The 990 for the year ended May 31, 2025 lists 9 people; 0 received compensation from the organization.
- How much revenue does TRIANGLE FOUNDATION INC have?
- On its 990 for the year ended May 31, 2025 it reported revenue of $569,496, expenses of $242,528 and total assets of $20,778,731 at year end.
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