TRIANGLE RESEARCH LIBRARIES NETWORK INC

EIN: 851016955 501(c)(3) Education

DURHAM, NC

Total Revenue
$2,079,304
Total Expenses
$2,114,693
Total Assets
$544,164
Net Assets
$544,164
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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
NC
Principal Officer
JAMECA DUPREE
Phone
9196608756
Tax Period
2023-07-01 to 2024-06-30

TRIANGLE RESEARCH LIBRARIES NETWORK INC, founded in 2020, is a community nonprofit in the Education sector that reported $2.1M in total revenue in fiscal year 2023.

Mission

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.

Program Service Accomplishments

Program 1
Expenses: $1,860,504 Revenue: $1,566,327

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...

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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.

Program 2
Expenses: $17,500

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.

Program 3
Expenses: $17,433

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...

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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 EVENT INFORMATION CAN BE FOUND AT HTTPS://TRLN.ORG/EVENT/2023-TRLN-ANNUAL-MEETING. THE JULY 2023 EXPENSES ASSOCIATED WITH THIS MEETING WERE FOR CATERING, LIVE CAPTIONING, COPYING SERVICES, AND HONORARIA TOTALING $9,689.04.ON JULY 29, 2024 TRLN HELD A FULLY IN-PERSON MEETING WITH APPROXIMATELY 300 REGISTRANTS. THERE WAS ONE KEYNOTE SPEAKER, A LEADERSHIP PANEL, PRESENTATIONS, AND WORKSHOPS ACROSS A RANGE OF TOPICS SUCH AS CIVIC ENGAGEMENT AND AI. A FULL SCHEDULE AND MORE EVENT INFORMATION CAN BE FOUND AT HTTPS://TRLN.ORG/EVENT/2024-TRLN-ANNUAL-MEETING. THE JUNE 2024 EXPENSES ASSOCIATED WITH THIS MEETING WERE FOR VENUE RESERVATIONS AND KEYNOTE SPEAKER TRAVEL TOTALING $7,743.58.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $512,977
Program Service Revenue $1,566,327
Investment Income $0
Other Revenue $0
TOTAL REVENUE $2,079,304

Expense Breakdown

Grants Paid $0
Salaries & Benefits $208,685
Fundraising Expenses $0
Program Expenses $1,895,437
Other Expenses $1,906,008
TOTAL EXPENSES $2,114,693

Year-over-Year Comparison

2023 2022 Change
Revenue $2,079,304 $2,130,747 0.0%
Expenses $2,114,693 $2,154,997 0.0%
Net Income $-35,389 $-24,250 +0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
9
Independent Members
8
Employees
N/A
Volunteers
8

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$203,954
Total Directors
9
$147,183
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LISA CROUCHER EXECUTIVE DIRECTOR 40.00
Officer Director
$126,504 $20,679 $147,183
WARWICK A ARDEN CHAIR 0.25
Officer Director
$0 $0 $0
CHRISTOPHER CLEMENS DIRECTOR 0.25
Director
$0 $0 $0
MARIA ESTORINO DIRECTOR 0.25
Director
$0 $0 $0
ALEC GALLIMORE DIRECTOR 0.25
Director
$0 $0 $0
DAVID H JACKSON DIRECTOR 0.25
Director
$0 $0 $0
GREG RASCHKE DIRECTOR 0.25
Director
$0 $0 $0
JOE SALEM DIRECTOR 0.25
Director
$0 $0 $0
THEODOSIA SHIELDS DIRECTOR 0.25
Director
$0 $0 $0
MCKENNA LAKIN SECRETARY 32.00
Officer
$39,241 $17,530 $56,771
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $2,079,304 $2,114,693 $544,164 $-35,389
2023 $2,130,747 $2,154,997 $579,553 $-24,250
2022 $1,749,190 $2,148,404 $603,803 $-399,214
2021 $2,300,014 $1,447,239 $1,003,017 $852,775
2020 $120,088 $459,195 $150,242 $-339,107
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