Triad Family Network Inc

Winston Salem, NC
Tax-exempt since Aug. 1992
EIN: 58-2003177

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Religion-Related, Spiritual Development / Protestant (NTEE)

Donations to this organization are tax deductible.

Details

According to its Dec. 2023 tax filing, this nonprofit:

Reported conflict of interest transactions

Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Revenue

$736k (2023)

Expenses

$759k (2023)

Total Assets

$870k (2023)

Total Liabilities

$4.94k (2023)

Source: Form 990 tax filings from 2010 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Revenue

$735,523

Expenses

$759,166

Net Income

-$23,643

Net Assets

$864,701

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$521,622	70.9%
Program Services	$178,709	24.3%
Investment Income	$19,890	2.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$10,850	1.5%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$4,452	0.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$32,079	4.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$239,592	31.6%

Assets/Debt
Total Assets	$869,638
Total Liabilities	$4,937
Net Assets	$864,701

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
John M Hill (Trustee)	$32,079	$0	$0
Philip T Watson (President)	$0	$0	$28,500
Donald C Shipton (Vice President)	$0	$0	$0
Barbara Watson (Secretary)	$0	$0	$0
Donald S Kinney (Treasurer)	$0	$0	$0
Holly W Potter (Trustee)	$0	$0	$0

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990

Filed on Oct. 17, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2022

Revenue

$745,456

Expenses

$707,558

Net Income

$37,898

Net Assets

$888,344

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$497,994	66.8%
Program Services	$157,711	21.2%
Investment Income	$3,977	0.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$10,900	1.5%
Net Fundraising	$0
Sales of Assets	$74,874	10.0%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$24,211	3.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$225,281	31.8%

Assets/Debt
Total Assets	$892,978
Total Liabilities	$4,634
Net Assets	$888,344

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
John M Hill (Trustee)	$24,211	$0	$0
Philip T Watson (President)	$0	$0	$24,000
Donald C Shipton (Vice President)	$0	$0	$0
Barbara Watson (Secretary)	$0	$0	$0
Donald S Kinney (Treasurer)	$0	$0	$0
Holly W Potter (Trustee)	$0	$0	$0

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990

Filed on Nov. 9, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2021

Revenue

$726,027

Expenses

$652,395

Net Income

$73,632

Net Assets

$850,446

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$547,062	75.4%
Program Services	$155,515	21.4%
Investment Income	$2,068	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$21,382	2.9%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$21,780	3.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$219,828	33.7%

Assets/Debt
Total Assets	$850,551
Total Liabilities	$105
Net Assets	$850,446

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
John M Hill (Trustee)	$21,780	$0	$0
Philip T Watson (President)	$0	$0	$30,000
Donald C Shipton (Vice President)	$0	$0	$0
Donald S Kinney (Treasurer)	$0	$0	$0
Barbara Watson (Secretary)	$0	$0	$0
Holly W Potter (Trustee)	$0	$0	$0

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990

Filed on Nov. 16, 2022

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Fiscal Year Ending Dec.
2020

Revenue

$605,507

Expenses

$604,038

Net Income

$1,469

Net Assets

$776,814

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$409,283	67.6%
Program Services	$159,500	26.3%
Investment Income	$6,111	1.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$21,550	3.6%
Net Fundraising	$0
Sales of Assets	$9,063	1.5%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$21,942	3.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$202,835	33.6%

Assets/Debt
Total Assets	$776,814
Total Liabilities	$0
Net Assets	$776,814

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
John M Hill (Trustee)	$21,942	$0	$0
Philip T Watson (President)	$0	$0	$30,000
Holly W Potter (Trustee)	$0	$0	$0
Donald S Kinney (Treasurer)	$0	$0	$0
Donald C Shipton (Vice President)	$0	$0	$0
Barbara Watson (Secretary)	$0	$0	$0

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990

Filed on Dec. 7, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2019

Revenue

$715,864

Expenses

$700,258

Net Income

$15,606

Net Assets

$775,345

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$528,091	73.8%
Program Services	$163,398	22.8%
Investment Income	$1,369	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$22,362	3.1%
Net Fundraising	$0
Sales of Assets	$644	0.1%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$232,973	33.3%

Assets/Debt
Total Assets	$775,345
Total Liabilities	$0
Net Assets	$775,345

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
John M Hill (Trustee)	$21,834	$0	$0
Philip T Watson (President)	$0	$0	$24,000
Donald C Shipton (Vice President)	$0	$0	$0
Barbara Watson (Secretary)	$0	$0	$0
Donald S Kinney (Treasurer)	$0	$0	$0
Holly W Potter (Trustee)	$0	$0	$0

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990

Filed on Aug. 31, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2018

Revenue

$870,384

Expenses

$727,311

Net Income

$143,073

Net Assets

$759,738

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$615,328	70.7%
Program Services	$229,704	26.4%
Investment Income	$1,755	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$19,700	2.3%
Net Fundraising	$0
Sales of Assets	$3,897	0.4%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$223,586	30.7%

Assets/Debt
Total Assets	$759,738
Total Liabilities	$0
Net Assets	$759,738

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Philip T Watson (President)	$0	$0	$0
Donald C Shipton (Vice President)	$0	$0	$0
John M Hill (Trustee)	$0	$0	$0
Barbara Watson (Secretary)	$0	$0	$0
Donald S Kinney (Treasurer)	$0	$0	$0
Holly W Potter (Trustee)	$0	$0	$0

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990

Filed on Nov. 14, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2017

Revenue

$675,069

Expenses

$699,349

Net Income

-$24,280

Net Assets

$616,665

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$433,035	64.1%
Program Services	$230,379	34.1%
Investment Income	$1,830	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$9,825	1.5%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$243,332	34.8%

Assets/Debt
Total Assets	$616,665
Total Liabilities	$0
Net Assets	$616,665

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
John M Hill (Trustee)	$26,194	$0	$0
Philip T Watson (President)	$0	$0	$24,000
Donald C Shipton (Vice President)	$0	$0	$0
Barbara Watson (Secretary)	$0	$0	$0
Donald S Kinney (Treasurer)	$0	$0	$0
Holly W Potter (Trustee)	$0	$0	$0

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990

Filed on Nov. 14, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

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PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2016

Revenue

$610,928

Expenses

$687,849

Net Income

-$76,921

Net Assets

$640,945

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$417,313	68.3%
Program Services	$176,588	28.9%
Investment Income	$2,127	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$14,900	2.4%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$218,487	31.8%

Assets/Debt
Total Assets	$640,945
Total Liabilities	$0
Net Assets	$640,945

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
John M Hill (Trustee)	$28,009	$0	$0
Philip T Watson (President)	$15,624	$0	$30,000
Donald C Shipton (Vice President)	$0	$0	$0
Barbara Watson (Secretary)	$0	$0	$0
Donald S Kinney (Treasurer)	$0	$0	$0
Holly W Potter (Trustee)	$0	$0	$0

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990

Filed on Nov. 13, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2015

Revenue

$713,307

Expenses

$802,861

Net Income

-$89,554

Net Assets

$717,866

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$443,183	62.1%
Program Services	$179,620	25.2%
Investment Income	$2,604	0.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$12,900	1.8%
Net Fundraising	$0
Sales of Assets	$75,000	10.5%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$59,199	7.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$220,436	27.5%

Assets/Debt
Total Assets	$717,866
Total Liabilities	$0
Net Assets	$717,866

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
John M Hill (Trustee)	$41,762	$0	$0
Philip T Watson (President)	$17,437	$0	$60,000
Donald C Shipton (Vice President)	$0	$0	$0
Barbara Watson (Secretary)	$0	$0	$0
Donald S Kinney (Treasurer)	$0	$0	$0
Holly W Potter (Trustee)	$0	$0	$0

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990

Filed on Nov. 4, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2014

Revenue

$883,042

Expenses

$913,414

Net Income

-$30,372

Net Assets

$807,420

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$442,572	50.1%
Program Services	$176,726	20.0%
Investment Income	$844	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$12,900	1.5%
Net Fundraising	$0
Sales of Assets	$250,000	28.3%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$52,839	5.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$199,708	21.9%

Assets/Debt
Total Assets	$807,420
Total Liabilities	$0
Net Assets	$807,420

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Revenue

$1,118,186

Expenses

$749,908

Net Income

$368,278

Net Assets

$837,792

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$666,475	59.6%
Program Services	$188,452	16.9%
Investment Income	$438	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$12,900	1.2%
Net Fundraising	$0
Sales of Assets	$249,921	22.4%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$40,892	5.5%
Professional Fundraising Fees	$10,700	1.4%
Other Salaries and Wages	$214,127	28.6%

Assets/Debt
Total Assets	$837,792
Total Liabilities	$0
Net Assets	$837,792

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$655,427

Expenses

$723,850

Net Income

-$68,423

Net Assets

$469,514

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$467,288	71.3%
Program Services	$174,519	26.6%
Investment Income	$720	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$12,900	2.0%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$35,085	4.8%
Professional Fundraising Fees	$9,500	1.3%
Other Salaries and Wages	$215,616	29.8%

Assets/Debt
Total Assets	$469,514
Total Liabilities	$0
Net Assets	$469,514

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$742,603

Expenses

$751,375

Net Income

-$8,772

Net Assets

$537,937

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$495,794	66.8%
Program Services	$222,220	29.9%
Investment Income	$1,489	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$23,100	3.1%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$30,789	4.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$211,727	28.2%

Assets/Debt
Total Assets	$537,937
Total Liabilities	$0
Net Assets	$537,937

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2010

Revenue

$712,299

Expenses

$784,502

Net Income

-$72,203

Net Assets

$546,709

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$521,897	73.3%
Program Services	$163,567	23.0%
Investment Income	$2,736	0.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$24,600	3.5%
Net Fundraising	$0
Sales of Assets	-$501
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$32,924	4.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$244,417	31.2%

Assets/Debt
Total Assets	$546,709
Total Liabilities	$0
Net Assets	$546,709

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Triad Family Network Inc

Organization summary

Type of Nonprofit

Details

Summary charts: organization finances over time

Revenue $736k (2023)

Expenses $759k (2023)

Total Assets $870k (2023)

Total Liabilities $4.94k (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

990-T

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2013

Revenue

$736k (2023)

Expenses

$759k (2023)

Total Assets

$870k (2023)

Total Liabilities

$4.94k (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001