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Nonprofit · EIN 47-5478684

TRIANGLE EDUCATION ORGANIZATION

Also known as PINE SPRINGS PREPARATORY ACADEMY

Tax-exempt · HOLLY SPRINGS, NC 27540

Financials

$38.3M$36.8M2024
Revenue Expenses · by fiscal year end
Financials of TRIANGLE EDUCATION ORGANIZATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$38,298,703$36,849,597$1,449,106$54,623,831$49,966,793$4,657,038
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$37,324,130
of which government grants
$37,251,776
Program service revenue
$0
Investment income
$186,370
Other revenue
$788,203

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$172,050
Other salaries and wages
$7,021,049
Salaries, compensation and benefits (total)
$8,772,502
Professional fundraising fees
$0
Legal fees
$262,063
Accounting fees
$10,500
Occupancy
$219,569
Travel
$17,688
Depreciation
$1,054,184
Program services (functional)
$30,495,964
Management and general (functional)
$6,353,633

Balance sheet and other

Total assets, start of year
$45,976,380
Total assets, end of year
$54,623,831
Total liabilities, end of year
$49,966,793
Net assets, end of year
$4,657,038
Land, buildings and equipment
$45,956,641
Net assets without donor restrictions
$3,664,362
Net assets with donor restrictions
$992,676
Gross receipts
$38,298,703
Employees
139
Volunteers
8
Year formed
2016
State of legal domicile
NC

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 June 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
BRUCE FRIENDHEAD OF SCHOOL
Institutional trustee
40$172,050
ERIN FISHERCHAIR
Trustee or director, Officer
2$0
GREGG SINDERSTREASURER
Trustee or director, Officer
2$0
SEAN COLEMANSECRETARY
Trustee or director, Officer
2$0
JULIA MCCOMBSMEMBER
Trustee or director
2$0
FAY GOREMEMBER
Trustee or director
2$0
DAVE MACHADOMEMBER
Trustee or director
2$0
JAMIE McDONALDVICE CHAIR
Trustee or director
2$0

Address and contacts

Address (IRS master file)
333 CHRISMILL LN, HOLLY SPRINGS, NC 27540-9656
Mailing address (990-N for 2016)
104 W Ballentine Street, Holly Springs NC 27540
Principal officer (990 for 2024)
Bruce Friend, 220 Rosewood Centre Drive, Holly Springs, NC 27540
Principal officer (990-N for 2016)
Ryan Monteleone, 104 W Ballentine Street, Holly Springs NC 27540
Signed the 990
Bruce Friend, Director
Phone
(919) 439-9448
Return prepared by
Darrell L Keller CPA PA

Mission

Operate a Public Charter School.

990 for the year ended June 30, 2025

Program accomplishments

  • Operation of a Charter School in Holly Springs, NC
    Expenses $30,495,964 · revenue $37,908,813

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 June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
47-5478684
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
School
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2016
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B29)
Assets (IRS master file)
$54,623,831
Income (IRS master file)
$38,298,703

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025–––IRS
990June 2024–––IRS
990June 2023$13,233,511$12,932,839$39,644,521IRS
990June 2022$11,437,237$10,868,759$38,991,074IRS
990June 2021–––IRS
990June 2020–––IRS
990-N for 2016
Officer: Ryan Monteleone
December 31, 2016≤ $50,000 receipts––e-Postcard

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.

Questions about TRIANGLE EDUCATION ORGANIZATION

What is the EIN of TRIANGLE EDUCATION ORGANIZATION?
The employer identification number (EIN) of TRIANGLE EDUCATION ORGANIZATION is 47-5478684.
Is TRIANGLE EDUCATION ORGANIZATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
Are donations to TRIANGLE EDUCATION ORGANIZATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does TRIANGLE EDUCATION ORGANIZATION 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 EDUCATION ORGANIZATION due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did TRIANGLE EDUCATION ORGANIZATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of TRIANGLE EDUCATION ORGANIZATION?
The 990 for the year ended June 30, 2025 names Bruce Friend.
Who are the officers and directors of TRIANGLE EDUCATION ORGANIZATION?
The 990 for the year ended June 30, 2025 lists 8 people; 1 received compensation from the organization, the highest $172,050 (BRUCE FRIEND, HEAD OF SCHOOL).
How much revenue does TRIANGLE EDUCATION ORGANIZATION have?
On its 990 for the year ended June 30, 2025 it reported revenue of $38,298,703, expenses of $36,849,597 and total assets of $54,623,831 at year end.

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