2025-04-17T14:57:18-05:00 2024-06-30 882730877 CHERRY BEKAERT ADVISORY LLC 3800 GLENWOOD AVE SUITE 200 RALEIGH NC 27612 990 2023-07-01 561434024 NORTH CAROLINA BIOTECHNOLOGY CENTER NORT 9195419366 PO BOX 13547 RESEARCH TRIANGLE PARK NC 27709 DOUGLAS L EDGETON PRESIDENT & CEO 9195419366 2025-02-28 1 1 MELANIE MCPEAK P01346034 9197821040 2023 2025-03-06 01:10:19Z DOUGLAS L EDGETON PO BOX 13547 RESEARCH TRIANGLE PARK NC 27709 23336548 0 X WWW.NCBIOTECH.ORG X 1984 NC TO PROVIDE LONG-TERM ECONOMIC AND SOCIETAL BENEFITS TO NORTH CAROLINA THROUGH SUPPORT OF BIOTECHNOLOGY RESEARCH, BUSINESS, EDUCATION AND STRATEGIC POLICY STATEWIDE. 39 38 88 38 0 0 17737762 19590078 2998349 3256771 1096636 254168 53570 16285 21886317 23117302 4402611 8040739 0 0 9035199 10020913 0 0 0 5082263 5965940 18520073 24027592 3366244 -910290 44128955 44048241 1032245 1326418 43096710 42721823 X THE NORTH CAROLINA BIOTECHNOLOGY CENTER AIDS THE BIOTECHNOLOGY-RELATED EFFORTS OF RESEARCHERS, BUSINESSES, STATE AND FEDERAL GOVERNMENTS, AND OTHER AGENCIES PRIMARILY THROUGH AWARDS OF GRANTS AND LOANS RELATED TO SPECIFIC PROGRAMS AND OTHER SERVICES TO GROW [OR ADVANCE] THE INDUSTRY IN NORTH CAROLINA. 0 0 9947522 7073184 742036 OUR COMMERCIALIZATION PROGRAM COMBINES THE SCIENCE AND TECHNOLOGY DEVELOPMENT AND THE EMERGING COMPANY DEVELOPMENT PROGRAMS INTO ONE. SCIENCE AND TECHNOLOGY DEVELOPMENT PROGRAM IS A FUNDAMENTAL PROGRAM OF THE NORTH CAROLINA BIOTECHNOLOGY CENTER. THE GOAL OF THIS PROGRAM IS TO STRENGTHEN THE STATE'S INFRASTRUCTURE FOR LIFE SCIENCE RESEARCH WHICH IS AN ESSENTIAL PREREQUISITE FOR SCIENTIFIC ADVANCES LEADING TO NEW PRODUCTS AND APPLICATIONS. TO MEET THIS GOAL, THE PROGRAM PROVIDES SERVICES AND SUPPORT TO STATE UNIVERSITIES, COLLEGES, AND NONPROFIT INSTITUTIONS THAT CONTRIBUTE TO LIFE SCIENCE DEVELOPMENT THROUGH RESEARCH, TEACHING, AND PUBLIC SERVICE. SUPPORT IS PRIMARILY PROVIDED IN THE FORM OF GRANTS. SINCE 1984, THE PROGRAM HAS PROVIDED OVER $145 MILLION TO ENHANCE THE RESEARCH AND INTELLECTUAL CAPABILITIES OF THE STATE'S ACADEMIC AND NONPROFIT RESEARCH INSTITUTIONS. THE EMERGING COMPANIES DEVELOPMENT PROGRAM IS THE SECOND LARGEST PROGRAM OF THE NORTH CAROLINA BIOTECHNOLOGY CENTER. THE GOAL OF THIS PROGRAM IS TO STRENGTHEN AND SUPPORT NORTH CAROLINA LIFE SCIENCE COMPANIES WITH FUNDING; TECHNOLOGY ASSESSMENT; STRATEGIC PARTNERSHIPS; BUSINESS PLAN ADVICE; NETWORKING AND CAREER TRANSITION SUPPORT; INFORMATION ON VENTURE CAPITAL AND AVAILABLE LABORATORY SPACE; AND PROFESSIONAL REFERRALS. THE LOAN PROGRAM IN PARTICULAR PROVIDES LOANS TO EARLY STAGE COMPANIES. THESE LOANS ARE DESIGNED TO SUPPORT LIFE SCIENCE COMPANY INCEPTION, RESEARCH, AND GROWTH. 6166250 822286 THE ECONOMIC DEVELOPMENT PROGRAM NOW INCLUDES STATEWIDE DEVELOPMENT, AG SECTOR AND LIFE SCIENCE DEVELOPMENT PROGRAMS. THE AGRICULTURAL SECTOR DEVELOPMENT PROGRAM IS A PROGRAM OF THE NORTH CAROLINA BIOTECHNOLOGY CENTER FOCUSED ON THE LARGEST INDUSTRY SECTOR IN THE STATE - AGRICULTURE. THE CORE FOCUS OF THE PROGRAM IS TO SUPPORT THE LARGEST GLOBAL ECONOMIC CLUSTER OF AGRICULTURE BIOTECHNOLOGY IN ITS CONTINUED GROWTH AND CONTRIBUTION. THE AGRICULTURE BIOTECHNOLOGY PROGRAM FOSTERS A DYNAMIC AGRICULTURE COMMUNITY, IMPROVES TECHNOLOGY AND VALUE, AND ATTRACTS AND SUSTAINS JOBS IN AGRICULTURE TO THE STATE. SINCE 2010, MANY COMPANIES SUPPORTING THOUSANDS OF JOBS HAVE BEEN IDENTIFIED AND ENGAGED BY THE PROGRAM. 4192413 125312 2514735 THE SECTOR DEVELOPMENT PROGRAM INCLUDES THE EMERGING SECTOR DEVELOPMENT, CONFERENCE CENTER AT NC BIOTECH AND LIFE SCIENCE INTELLIGENCE PROGRAMS. THE CONFERENCE CENTER IS AN EVENT AND MEETING SPACE SOLUTION FOR NUMEROUS LIFE SCIENCE COMPANIES, ORGANIZATIONS AND EDUCATIONAL INSTITUTIONS. IT INCLUDES MEETING AND CATERING SERVICES AND CO-WORKING SPACES. IN ADDITION TO MARKET INTELLIGENCE, THE LSI TEAM IS RESPONSIBLE FOR NETWORK SECURITY AND IT SUPPORT, TECHNICAL SUPPORT FOR THE CENTER'S WEBSITE, CORPORATE RECORD RETENTION AND HISTORICAL ARCHIVES, MANAGEMENT OF THE CENTER'S CLIENT RELATIONSHIP MANAGEMENT SYSTEM, CENTER-WIDE IMPACT MEASUREMENTS, AND PROJECT MANAGEMENT. 19957 19957 GENERAL AND ADMINISTRATIVE GRANTS, LOANS AND CONTRIBUTIONS. 19957 19957 20326142 1 1 0 1 0 0 0 0 0 0 1 1 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 70 0 1 88 1 0 0 0 0 0 0 0 0 0 0 0 0 X 39 38 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NC X JAMES BULLOCK 9195498813 15 TW ALEXANDER DRIVE DURHAM NC 277132847 SANTO COSTA CHAIR 2.00 X X 0 0 0 MEREDITH FRIGA VICE CHAIR AND TREASURER 2.00 X X 0 0 0 PEYTON ANDERSON SECRETARY 2.00 X X 0 0 0 DOUG EDGETON PRESIDENT & CEO/ASST BOD SECRETARY 40.00 X X 342570 0 85455 REBECCA ALEXANDER DIRECTOR 1.00 X 0 0 0 JOHN ANTHONY ATALA DIRECTOR 1.00 X 0 0 0 JOHN ATKINS III DIRECTOR 2.00 X 0 0 0 MICHELLE BERREY DIRECTOR 2.00 X 0 0 0 JAMES DATIN DIRECTOR 1.00 X 0 0 0 JOY PARR DRACH DIRECTOR 2.00 X 0 0 0 NEAL FOWLER DIRECTOR 1.00 X 0 0 0 KELLY FULLER DIRECTOR 1.00 X 0 0 0 PENNY GORDON-LARSEN DIRECTOR 1.00 X 0 0 0 MICHELLE GRAINGER DIRECTOR 1.00 X 0 0 0 WILLIAM HAWKINS III DIRECTOR 1.00 X 0 0 0 UNDI HOFFLER DIRECTOR 1.00 X 0 0 0 DAN JANIES DIRECTOR 1.00 X 0 0 0 SHAYLAH NUNN JONES DIRECTOR 1.00 X 0 0 0 KAREN LEVERT DIRECTOR 2.00 X 0 0 0 JENNIFER LODGE DIRECTOR 1.00 X 0 0 0 MICHELLE LOGAN DIRECTOR 1.00 X 0 0 0 STEVE LOMMEL DIRECTOR 2.00 X 0 0 0 JOHN LOYACK DIRECTOR 1.00 X 0 0 0 MERRILL MASON DIRECTOR 2.00 X 0 0 0 SHEILA MIKHAIL DIRECTOR 1.00 X 0 0 0 TIM MINOR DIRECTOR 1.00 X 0 0 0 ADAM MONROE DIRECTOR 1.00 X 0 0 0 ARTHUR PAPPAS DIRECTOR 2.00 X 0 0 0 SHARON PAYNTER DIRECTOR 1.00 X 0 0 0 JOHN RABBY DIRECTOR 2.00 X 0 0 0 MACHELLE BAKER SANDERS DIRECTOR 1.00 X 0 0 0 MICHAEL TANNER DIRECTOR 1.00 X 0 0 0 BEN TEAGUE DIRECTOR 1.00 X 0 0 0 STEVE TROXLER DIRECTOR 1.00 X 0 0 0 BHASKAR VENEPALLI DIRECTOR 1.00 X 0 0 0 ASWANI VOLETY DIRECTOR 1.00 X 0 0 0 THOMAS WALKER DIRECTOR 1.00 X 0 0 0 BRAD WILSON DIRECTOR 1.00 X 0 0 0 BENJAMIN YERXA DIRECTOR 1.00 X 0 0 0 JAMES BULLOCK VP FINANCE/ASST BOD TREASURER 40.00 X 150417 0 25093 MARY BETH THOMAS SR VP, SCIENCE & BUSINESS DEV 40.00 X 199544 0 56380 WILLIAM BULLOCK SR VP, ECON & STATEWIDE DEV 40.00 X 199544 0 56380 MARY HECHT-KISSELL VP, CORPORATE COMMUNICATIONS 40.00 X 151293 0 44458 MARK PHILLIPS VP, STATEWIDE OPERATIONS 40.00 X 163296 0 48338 ROBERT LINDBERG VP, SCIENCE & TECH DEV 40.00 X 163136 0 48290 LAURA ROWLEY VP, LIFE SCIENCE ECON DEV 40.00 X 151639 0 44983 JOSEPH HENDERSON VP, TALENT & CULTURE DEV 40.00 X 150619 0 44303 1672058 0 453680 24 0 1 0 BAKER ROOFING COMPANY PO BOX 26057 RALEIGH NC 27611 ROOFING SERVICES 287666 CATERING WORKS INC 2319 LAURELBROOK STREET RALEIGH NC 27604 FOOD SERVICES 210257 PMI PO BOX 58636 RALEIGH NC 27658 FACILITIES MANAGEMENT 191917 NETGAIN TECHNOLOGIES 615 EASTOWNE DRIVE CHAPEL HILL NC 27514 IT SUPPORT 144011 WRAL DIGITAL SOLUTIONS 2619 WESTERN BLVD RALEIGH NC 27606 COMMUNICATIONS 118750 7 19500341 89737 19590078 LIBRARY RESEARCH FEES 519200 923697 923697 CONFERENCE CENTER 531190 850323 850323 INTEREST FROM PROGRAM LOAN 525990 742036 742036 EVENT SPONSORSHIP 900099 347737 347737 DATABASE SEARCHES 519200 129734 129734 263244 263244 3256771 168245 168245 16285 0 16285 16285 16285 305169 219246 85923 85923 85923 23117302 3256771 0 270453 8040739 8040739 892074 570372 321702 6875589 5822085 1053504 734786 616075 118711 957206 769527 187679 561258 466025 95233 52366 14070 38296 46820 12580 34240 196875 52898 143977 1780239 1452808 327431 159604 159604 396374 195210 201164 453021 234080 218941 49470 49470 190373 171238 19135 403130 400445 2685 555344 149215 406129 57325 15459 41866 FACILITIES & MAINTENANC 617856 204161 413695 CONFERENCE CENTER EXPEN 517976 490234 27742 DUES & SUBSCRIPTIONS 470387 423510 46877 18780 16337 2443 24027592 20326142 3701450 0 12739387 10375734 260425 469100 373698 1020192 429658 384419 218746 339385 22729486 15526828 7658993 7202658 5811850 5569112 6651902 7033012 9964080 11617304 20216 37325 44128955 44048241 1032245 1326418 1032245 1326418 X 42736710 42391823 360000 330000 43096710 42721823 44128955 44048241 -910290 535403 0 X 0 1 X 1 1 1 X 13820143 14173968 17301129 17737762 19590078 82623080 13820143 14173968 17301129 17737762 19590078 82623080 82623080 351326 244120 137877 150332 184530 1068185 83691265 11574005 0.98720 0.98030 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 0 0 1 196875 196875 0 PART II-B, LINE 1: NC BIOTECHNOLOGY ENGAGED THE FOLLOWING FIRMS TO BE DIRECTLY INVOLVED WITH THE LEGISLATIVE SESSIONS IN ORDER TO HELP THE BIOTECHNOLOGY CENTER SEEK SEVERAL APPROPRIATIONS RELATED TO THE CENTER'S CORE OPERATING BUDGET AND OTHER PROGRAMS: - SMITH, ANDERSON, BLOUNT, DORSETT, MITCHELL, & JERNIGAN LLP - CAPITAL CITY STRATEGIES - G2G CONSULTING - CONNECT C, LLC 19441197 12438320 7002877 2786217 2650346 135871 502072 438162 63910 7202658 PRIVATE EQUITY INVESTMENTS 5496437 F STOCKS 1536575 C 7033012 PRIVATE EQUITY INVESTMENTS 146619 C PROGRAM LOANS RECEIVABLE, NET 11470685 C 11617304 X 23652705 535403 535403 23117302 0 23117302 24027592 0 24027592 0 24027592 PART X, LINE 2: THE CENTER IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME UNDER INTERNAL REVENUE CODE ("IRC") SECTION 501(A) AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3). ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE. AS A SINGLE MEMBER LIMITED LIABILITY COMPANY, VENTURES IS A DISREGARDED ENTITY FOR INCOME TAX PURPOSES. MANAGEMENT HAS EVALUATED THE EFFECT OF THE GUIDANCE PROVIDED BY U.S. GAAP ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT BELIEVES THE CENTER CONTINUES TO SATISFY THE REQUIREMENTS OF A TAX-EXEMPT ORGANIZATION AS OF JUNE 30, 2024. 1 ADRIENNE AMMERMAN DBA ARCLET 18 MAIN STREET ASHEVILLE NC 28803 922603896 10000 0 RESEARCH ALAMANCE COMMUNITY COLLEGE PO BOX 8000 GRAHAM NC 27253 566052379 501(C)(3) 6584 0 SCHOLARSHIP AMERICAN CHEMICAL SOCIETY - NC SECTION 101 LONGWOOD PLACE CHAPEL HILL NC 27514 566049892 501(C)(3) 8000 0 RESEARCH BOREAS CRYO SAFETY INC DBA BOREAS MONITORING SOLUTIONS 7232 WRIGHTSVILLE AVE UNIT D WILMINGTON NC 28403 384282595 10000 0 RESEARCH BRINTER INC 2219 MAIN STREET SANTA MONICA CA 90405 873376230 10000 0 RESEARCH CAMPBELL UNIVERSITY PO BOX 4280 BUIES CREEK NC 27506 560529940 501(C)(3) 11229 0 RESEARCH CAROLINA BIOONCOLOGY INSTITUTE PLLC PO BOX 3547 HUNTERSVILLE NC 28070 203016908 7000 0 RESEARCH CENTRAL CAROLINA COMMUNITY COLLEGE 1105 KELLY DRIVE SANFORD NC 27330 561644218 501(C)(3) 6110 0 SCHOLARSHIP DEEP CREEK PHARMA 1445 CRATER LANE YADKINVILLE NC 27055 843889250 13500 0 RESEARCH DRUID AGRICULTURE INC 512 N COLLEGE ST CHARLOTTE NC 28202 844575058 20000 0 RESEARCH DUKE UNIVERSITY PO BOX 602651 CHARLOTTE NC 282602651 560532129 501(C)(3) 1268245 0 RESEARCH DURHAM TECHNICAL COMMUNITY COLLEGE 1637 LAWSON STREET DURHAM NC 27703 560792513 501(C)(3) 10530 0 SCHOLARSHIP EAST CAROLINA UNIVERSITY 1000 EAST 5TH STREET GREENSBORO NC 278584353 566000403 501(C)(3) 90948 0 RESEARCH ELIZABETH CITY STATE UNIVERSITY 1704 WEEKSVILLE ROAD ELIZABETH CITY NC 27909 237115345 501(C)(3) 23310 0 RESEARCH FAYETTEVILLE STATE UNIVERSITY 1200 MURCHINSON ROAD FAYETTEVILLE NC 28301 581238736 501(C)(3) 36216 0 RESEARCH FAYETTEVILLE TECHNICAL COMMUNITY COLLEGE PO BOX 1748 FAYETTEVILLE NC 28303 581640133 501(C)(3) 43667 0 SCHOLARSHIP HEATHER SHIRIN NEFF DBA EQUIVALENT DESIGN LLC 276 LAUREL TERRACE COURT MILLS RIVER NC 28759 871119146 10000 0 RESEARCH HIGH POINT UNIVERSITY 833 MONTLIEU AVENUE HIGH POINT NC 272680001 560529999 501(C)(3) 24750 0 RESEARCH JOHNSTON COMMUNITY COLLEGE PO BOX 2350 SMITHFIELD NC 27577 560937578 501(C)(3) 7915 0 SCHOLARSHIP LEAH WYRICK DBA THREE STRANDS RECOVERY WEAR CORPORATION 500 WEST 5TH STREET STE 400 WINSTONSALEM NC 27101 833793815 20000 0 RESEARCH MARGIK INC 9201 UNIVERSITY CITY BOULEVARD CHARLOTTE NC 28278 882690926 10000 0 RESEARCH NC A & T STATE UNIVERSITY 1601 E MARKET STREET 217 DOWDY GREENSBORO NC 27411 566000007 501(C)(3) 58687 0 RESEARCH NORTH CAROLINA CENTRAL UNIVERSITY P O BOX 19713 DURHAM NC 27707 560007304 501(C)(3) 99000 0 RESEARCH NORTH CAROLINA EASTERN ALLIANCE 216 S BROAD STREET STE 200 EDENTON NC 27932 510422797 501(C)(3) 63000 0 SCHOLARSHIP NORTH CAROLINA STATE UNIVERSITY CAMPUS BOX 7214 RALEIGH NC 276957214 566000756 501(C)(3) 534743 0 RESEARCH NUREAM INC 1627 PEMBROKE JONES DRIVE WILMINGTON NC 28405 931453659 20000 0 RESEARCH PAYTON COTTRELL DBA LIMULUS BIOMEDICAL 2882 HWY 70 E BEAUFORT NC 28516 933321031 10000 0 RESEARCH PREDICATE HEALTHCARE PERFORMANCE GROUP LLC 1609 SOUND WATCH DR WILMINGTON NC 28409 861423095 10000 0 RESEARCH PREVAI LLC DBA DWELLSAFEAI 60 JORALEMON ST BROOKLYNN NY 11201 921103222 20000 0 RESEARCH RTI INTERNATIONAL PO BOX 900002 RALEIGH NC 276759000 560686338 501(C)(3) 29808 0 RESEARCH RUKIYAH VAN DROSS DBA CLARADELE PHARMACEUTICALS INC 522 STILLWATER DR WINTERVILLE NC 28590 851232509 20000 0 RESEARCH THE SOUTHEASTERN PARTNERSHIP INC PO BOX 2556 ELIZABETHTOWN NC 28337 561911431 501(C)(6) 35833 0 SCHOLARSHIP TONYA NICOLE ZECZYCKI DBA MOZEEK BIO LLC 1021 TEAKWOOD DRIVE GREENVILLE NC 27834 991584088 10000 0 RESEARCH UNC-ASHEVILLE BUSINESS OFFICE UNC-A ONE UNIVERSITY HEIGHTS ASHEVILLE NC 288043299 566002370 501(C)(3) 26607 0 RESEARCH UNC-CHAPEL HILL PO BOX 402420 ATLANTA GA 303842420 566001393 501(C)(3) 813168 0 RESEARCH UNC-CHARLOTTE 9201 UNIVERSITY CITY BOULEVARD CHARLOTTE NC 282230001 560791228 501(C)(3) 149584 0 RESEARCH UNC-GREENSBORO P O BOX 26170 GREENSBORO NC 274026170 566001468 501(C)(3) 51437 0 RESEARCH UNC-WILMINGTON 601 SOUTH COLLEGE ROAD WILMINGTON NC 284035676 561258660 501(C)(3) 245172 0 RESEARCH WAKE FOREST UNIVERSITY HEALTH 300 SOUTH HAWTHORNE ROAD WINSTONSALEM NC 27103 223849199 501(C)(3) 244788 0 RESEARCH WAKE MED 3000 NEW BERN AVENUE RALEIGH NC 27610 566017737 17820 0 RESEARCH WILSON ECONOMIC DEVELOPMENT COUNCIL PO BOX 728 WILSON NC 278940728 560654413 501(C)(6) 100000 0 RESEARCH 23 18 PART I, LINE 2: THE NORTH CAROLINA BIOTECHNOLOGY CENTER (NC BIOTECH) PRIMARILY AWARDS REIMBURSEMENT GRANTS AND REQUIRES EACH GRANTEE TO SUBMIT AN ACCOUNTING OF THE EXPENSES ASSOCIATED WITH THE PURPOSE FOR WHICH THE GRANT WAS AWARDED AS OUTLINED BY THE NC BIOTECH GRANT PROGRAMS. THE GRANTEE SUBMITS AN INVOICE THAT PROVIDES A BREAKDOWN OF EXPENDITURES INCURRED DURING THE PERIOD ACCOUNTING TO THE APPROVED BUDGET FOR THE GRANT. THIS INVOICE SHOWS CUMULATIVE EXPENDITURES THROUGH THE END OF THE REPORTING PERIOD. ALL INVOICES CLAIMING REIMBURSEMENT FOR EQUIPMENT COSTING MORE THAN $5,000 MUST INCLUDE A DESCRIPTION OF THE EQUIPMENT PURCHASED SUPPORTED BY AN INVOICE WHICH SHOWS THE ACQUISITION PRICE. ANY CHANGE GREATER THAN 10% OR $500 TO THE PROPOSED GRANTEE BUDGET REQUIRES A WRITTEN REQUEST AND JUSTIFICATION TO BE SUBMITTED TO NC BIOTECH FOR APPROVAL OF THE PROGRAM STAFF. NC BIOTECH PROGRAM STAFF MONITORS THE PROGRESS OF PROJECTS SUPPORTED BY NC BIOTECH GRANTS. DEPENDING UPON THE GRANT PROGRAM, AN INTERIM PROGRESS REPORT(S) MAY BE REQUIRED. A FINAL REPORT IS REQUIRED AT THE CONCLUSION OF THE PROJECT. BOTH THE PROGRESS REPORTS AND THE FINAL REPORT CONTAIN THREE COMPONENTS: 1) TECHNICAL DESCRIPTION OF THE PROJECT; 2) NARRATIVE OF THE PROGRESS ON THE PROJECT, GOALS TO BE ACHIEVED, AND RESULTS ANTICIPATED; AND 3) FINANCIAL SUPPORT FOR EXPENDITURES AND COMPARISON OF ACTUAL VS. PROJECT BUDGET. NC BIOTECH WILL NOT PAY A FINAL INVOICE OR DISBURSE MORE THAN 90% OF THE TOTAL GRANT AWARD UNTIL ALL INTERIM AND FINAL REPORTS HAVE BEEN RECEIVED, REVIEWED, AND ACCEPTED. IN ADDITION, NC BIOTECH NOTIFIES ALL GRANT RECIPIENTS THAT THE AWARDS ARE SUBJECT TO STATE REPORTING REQUIREMENTS FOR NON-PROFIT ORGANIZATIONS. X X X X X 0 0 0 0 0 0 0 0 0 DOUG EDGETON PRESIDENT & CEO/ASST BOD SECRETARY 342570 0 0 0 0 0 37683 0 47772 0 428025 0 0 0 MARY BETH THOMAS SR VP, SCIENCE & BUSINESS DEV 199544 0 0 0 0 0 21950 0 34430 0 255924 0 0 0 WILLIAM BULLOCK SR VP, ECON & STATEWIDE DEV 199544 0 0 0 0 0 21950 0 34430 0 255924 0 0 0 MARK PHILLIPS VP, STATEWIDE OPERATIONS 163296 0 0 0 0 0 17963 0 30375 0 211634 0 0 0 ROBERT LINDBERG VP, SCIENCE & TECH DEV 163136 0 0 0 0 0 17945 0 30345 0 211426 0 0 0 LAURA ROWLEY VP, LIFE SCIENCE ECON DEV 151639 0 0 0 0 0 16680 0 28303 0 196622 0 0 0 MARY HECHT-KISSELL VP, CORPORATE COMMUNICATIONS 151293 0 0 0 0 0 16642 0 27816 0 195751 0 0 0 JOSEPH HENDERSON VP, TALENT & CULTURE DEV 150619 0 0 0 0 0 16568 0 27735 0 194922 0 0 0 JAMES BULLOCK VP FINANCE/ASST BOD TREASURER 150417 0 0 0 0 0 16546 0 8547 0 175510 0 0 0 FORM 990, PART VI, SECTION A, LINE 7A THE COMPOSITION OF OUR GOVERNING BOARD IS SPECIFIED IN THE BY-LAWS AND CONSISTS OF SPECIFIC POSITIONS FROM VARIOUS ORGANIZATIONS IN THE STATE (PRESIDENT OF THE UNIVERSITY OF NORTH CAROLINA FOR EXAMPLE). MEMBERS ARE APPOINTED BY VARIOUS STATE OFFICIALS, FOR EXAMPLE (3 MEMBERS ARE APPOINTED FROM THE GOVERNOR'S OFFICE). THE ORGANIZATION CAN HAVE UP TO 40 BOARD MEMBERS OF WHICH 19 ARE ELECTED BY THE BOARD MEMBERS THEMSELVES AND NOT SPECIFICALLY DESIGNATED OR APPOINTED. FORM 990, PART VI, SECTION B, LINE 11B THE REVIEW AND FILING OF THE 990 HAS BEEN DELEGATED TO THE CENTER'S AUDIT COMMITTEE. A THOROUGH REVIEW IS CONDUCTED PRIOR TO FILING. A COMPLETE COPY OF THE FINALIZED RETURN IS SENT TO THE BOARD OF DIRECTORS BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C NORTH CAROLINA BIOTECHNOLOGY CENTER REQUIRES ALL BOARD OF DIRECTORS AND OFFICERS OF THE ORGANIZATION TO COMPLETE A STATEMENT OF ECONOMIC INTEREST FORM EACH YEAR. THESE ARE MAINTAINED BY THE CENTER IN THE FINANCE DEPARTMENT AND OFF-SITE. THROUGH THESE DOCUMENTS, THE NORTH CAROLINA BIOTECHNOLOGY CENTER IS AWARE OF THE ASSOCIATIONS REPORTED BY THE BOARD MEMBERS AND OFFICERS, AND CAN REVIEW FINANCIAL TRANSACTIONS AND OTHER ACTIVITIES FOR POTENTIAL CONFLICTS OF INTEREST. IN THE EVENT OF A POTENTIAL CONFLICT OF INTEREST, ANY INTERESTED PARTY MUST RECUSE HIMSELF/HERSELF FROM ANY DISCUSSIONS OR VOTE. FORM 990, PART VI, SECTION B, LINE 15 THE NORTH CAROLINA BIOTECHNOLOGY CENTER HAS A SALARY STRUCTURE IN PLACE FOR THE PURPOSE OF ADMINISTERING, MANAGING AND ADJUSTING SALARIES. BASED ON BENCHMARK COMPARISONS TO THE SELECTED LABOR MARKET, JOBS ARE ASSIGNED TO SALARY LEVELS. THE SALARY STRUCTURE IS MADE UP OF OVERLAPPING PAY RANGES. THE SALARY STRUCTURE FOR THE NORTH CAROLINA BIOTECHNOLOGY CENTER CONSISTS OF 10 SALARY LEVELS NUMBERED FROM 10 - 20. EACH SALARY LEVEL CONSISTS OF A MINIMUM JOB RATE AND A MAXIMUM. THE MINIMUM IS THE LOWEST SALARY RATE THAT THE NORTH CAROLINA BIOTECHNOLOGY CENTER PAYS FOR AN EMPLOYEE WHO MEETS THE MINIMUM QUALIFICATIONS FOR A PARTICULAR JOB. THE JOB RATE IS THE COMPETITIVE SALARY RATE DETERMINED BY SALARY SURVEYS AND IS BASED ON THE MEDIAN SALARIES IN THE COMPETITIVE LABOR MARKET. IT IS THE CONTROL POINT OF THE SALARY STRUCTURE. THE MAXIMUM IS THE HIGHEST SALARY RATE APPLIED TO A PARTICULAR JOB AT THE NORTH CAROLINA BIOTECHNOLOGY CENTER. THE NORTH CAROLINA BIOTECHNOLOGY CENTER CONTINUALLY REVIEWS AND UPDATES JOB DESCRIPTIONS TO ENSURE THAT THE JOB DESCRIPTION AND THE JOB ITSELF ARE LINED UP APPROPRIATELY. IF THEY ARE NOT, THE SALARY GRADE FOR THE POSITION IS REVIEWED AND CHANGED ACCORDINGLY AND SO IS THE SALARY. WHEN CONSIDERING A SALARY FOR A NEW EMPLOYEE, THE NORTH CAROLINA BIOTECHNOLOGY CENTER USES A SALARY ALIGNMENT GUIDE WHICH CONSIDERS THE APPLICANT'S EDUCATION, DIRECTLY RELATED EXPERIENCE IN TERMS OF THE JOB DESCRIPTION, AND YEARS OF DIRECTLY RELATED EXPERIENCE. WHEN CONSIDERING EXECUTIVE POSITIONS, NCBC USES THE MOST RECENT SALARY SURVEYS FOR A SIMILAR POSITION IN THE OPEN MARKET AND BASES THE SALARY ON THE SALARY ALIGNMENT GUIDE AS WELL AS SIMILAR POSITIONS AT THE ORGANIZATION. THE DEVELOPMENT AND COMPENSATION COMMITTEE REVIEWS AND APPROVES COMPENSATION FOR SENIOR MANAGEMENT (PRESIDENT AND SENIOR VICE PRESIDENTS) AND BENEFIT PACKAGES AS A WHOLE. COMPENSATION DECISIONS ARE MADE BY THE COMMITTEE AND DOCUMENTED IN THE MEETING MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.