2024-05-21T14:36:13-05:00 2023-09-30 BDO USA 421 Fayetteville Street Suite 300 Raleigh NC 27601 990 2022-10-01 560853674 Research Triangle Foundation of NC % JESSICA WISNIEWSKI RESE 9195498181 PO BOX 12255 RESEARCH TRIANGLE PARK NC 277092255 Jessica Wisniewski VP Finance & Admin 9195498181 2024-05-21 true Jessica Wisniewski 999009999 SANDRA L FEINSMITH P01064157 9192781936 2024-05-21 2 2022 2023-04-26 12:10:37Z SCOTT LEVITAN PO BOX 12255 RESEARCH TRIANGLE PARK NC 277092255 89038554 false X WWW.RTP.ORG X 1956 NC PRIMARILY ENGAGED IN THE PROMOTION AND ENCOURAGEMENT OF RESEARCH OR SCIENTIFIC LABORATORIES AND OTHER RELATED FACILITIES IN RESEARCH TRIANGLE PARK. 22 22 44 22 0 0 0 0 10901555 11096980 -288766 20563693 139134 172830 10751923 31833503 380 2040 0 0 5171311 4714238 0 0 0 13262499 17123423 18434190 21839701 -7682267 9993802 218750320 214113009 107015023 89733151 111735297 124379858 X TO PROMOTE UNIVERSITY, ACADEMIC, INDUSTRY AND GOVERNMENT COLLABORATIONS LEADING TO THE ESTABLISHMENT AND MAINTENANCE OF RESEARCH, SCIENTIFIC AND TECHNOLOGY-BASED FACILITIES WITHIN THE RESEARCH TRIANGLE AND NORTH CAROLINA, CREATING QUALITY JOBS AND OPPORTUNITIES FOR ITS CITIZENS. false false 12159482 2040 10956196 PROVIDE FOR THE UPKEEP OF RTP ASSETS AND INFRASTRUCTURE TO ENHANCE THE PARK'S REPUTATION AS AN INNOVATIVE AND DYNAMIC ENVIRONMENT AND TO PROMOTE AND FOSTER RESEARCH FACILITIES IN THE 7,000 ACRE RESEARCH TRIANGLE PARK. 4921066 0 18793 PROVIDE FOR THE PROMOTION OF PROGRAMS FOR THE RTP COMMUNITY AND TRIANGLE REGION. 1723150 0 121991 PARK CENTER 100 ACRES REDEVELOPMENT PROVIDES INNOVATORS TO COME TOGETHER TO BE INSPIRED, PROVIDE A PLACE FOR LEADERS IN TECHNOLOGY, SCIENCE, THE ARTS AND THE HUMANITIES TO COLLABORATE AND CREATE JOBS AND A BETTER FUTURE FOR ALL NORTH CAROLINIANS. THE DEVELOPMENT INCLUDES RETAIL, RESIDENTIAL AND OFFICE AMENITIES WITH A PLETHORA OF PUBLIC PARKS AND SPACE THAT WILL BE USED BY ENTREPRENEURS AND NORTH CAROLINIANS. 511560 0 0 19315258 false false false false false true false false false true false false false true true false true false false false false false false false false false false false true false false false false false false false false false false false false true true true true false true 80 0 true 44 true false false false false false false false false X 22 22 false false false false false false false true true false false true true true true true true true true false NC X JESSICA WISNIEWSKI 9194331664 700 PARK OFFICES DRIVE SUITE 007 RTP NC 27709 X SCOTT LEVITAN PRESIDENT & CEO 40.0 0.0 X 630447 0 76263 LINDA K HALL EVP & COO 40.0 0.0 X 477521 0 61929 CAROLYN COIA VP REAL ESTATE 40.0 0.0 X 230807 0 30211 JESSICA WISNIEWSKI VP FINANCE & ADMINISTRATION 40.0 0.0 X 198128 0 42369 RAYMOND TRAPP VP STRATEGIC ENGAGEMENT 40.0 0.0 X 197262 0 33595 Marie Pierre Lussier Director of Project Management 40.0 0.0 X 134628 0 21561 DAVID WIEAND ACCOUNTING MANAGER 40.0 0.0 X 113538 0 18924 KEVIN PATTERSON DIRECTOR OF IT 40.0 0.0 X 105277 0 24894 Travis Crayton Senior Planner 40.0 0.0 X 103713 0 17960 JUD BOWMAN CHAIRMAN 1.0 0.0 X X 0 0 0 BARBARA MULKEY VICE CHAIR 1.0 0.0 X X 0 0 0 BRAD WILSON SECRETARY 1.0 0.0 X X 0 0 0 DR JOHNSON AKINLEYE DIRECTOR 1.0 0.0 X 0 0 0 HUGH ALLEN DIRECTOR 1.0 0.0 X 0 0 0 FARAD ALI DIRECTOR 1.0 0.0 X 0 0 0 BROOKS BELL DIRECTOR 1.0 0.0 X 0 0 0 JOHN CECIL DIRECTOR 1.0 0.0 X 0 0 0 DANIEL ENNIS DIRECTOR 1.0 0.0 X 0 0 0 CHARLES FRANCIS DIRECTOR 1.0 0.0 X 0 0 0 TIM GABEL DIRECTOR 1.0 0.0 X 0 0 0 ANITA BROWN-GRAHAM DIRECTOR 1.0 0.0 X 0 0 0 KEVIN GUSKIEWICZ DIRECTOR 1.0 0.0 X 0 0 0 PETER HANS DIRECTOR 1.0 0.0 X 0 0 0 WENDY JOHN DIRECTOR 1.0 0.0 X 0 0 0 HOWARD NYE DIRECTOR 1.0 0.0 X 0 0 0 DR VINCENT PRICE DIRECTOR 1.0 0.0 X 0 0 0 DR WILLIAM WOODSON DIRECTOR 1.0 0.0 X 0 0 0 Greg Luberecki DIRECTOR 1.0 0.0 X 0 0 0 RICHARD L DAUGHERTY DIRECTOR EMERITUS 1.0 0.0 X 0 0 0 DAVID L WARD JR DIRECTOR EMERITUS 1.0 0.0 X 0 0 0 SMEDES YORK DIRECTOR EMERITUS 1.0 0.0 X 0 0 0 2191321 0 327706 9 false true false FAULCONER CONSTRUCTION COMPANY PO Box 7706 CHARLOTTESVILLE VA 22906 GC FOR INFRA CONST 19087427 Bridgepoint General Contracting In PO Box 336 DURHAM NC 27702 GC FOR RTF HQ Build 3211224 DA Everett Construction Group LLC 4131 Parklake Avenue Suite 350 RALEIGH NC 27612 GC for Frontier Pede 1574868 Kirkland Inc 4140 Mendenhall Oaks Parkway HIGH POINT NC 27265 GC for Boxyard Const 826707 MCKENNA CONSTRUCTION COMPANY INC 2000 BEARCAT WAY SUITE 106 MORRISVILLE NC 27560 TENANT IMPR CONST 751240 37 0 LEASING PROGRAM 531390 10720899 10720899 SHARED EXPENSE REIMBURSEMENT 531390 331039 331039 CONFERENCE INCOME 900099 45042 45042 11096980 1429793 1429793 0 0 0 0 0 35571920 40767031 31510622 25694429 4061298 15072602 19133900 19133900 0 0 0 0 0 0 0 0 0 MISCELLANEOUS REVENUE 900099 187026 187026 INCOME/LOSS FROM SUB 900099 -14196 -14196 172830 31833503 11096980 20736523 0 0 2040 2040 0 1734164 1734164 0 1968395 1365805 602590 337492 291353 46139 444117 336628 107489 230070 198617 31453 696373 696373 133615 133615 186490 186490 0 0 203561 203561 0 206830 167698 39132 632035 632035 89078 89078 0 0 258009 258009 0 56029 30569 25460 2816166 2816166 0 7084336 7084336 181318 111124 70194 OTHER-BUILDING REPAIR 3023361 3023361 PROPERTY TAX 625395 625395 PARTNERSHIP PROGRAM 366454 366454 OTHER-MISCELLANEOUS 200808 101610 99198 363565 363565 21839701 19315258 2524443 0 6076401 2568605 0 0 0 0 2980626 2839956 0 0 0 0 0 0 0 0 170353 464733 193118047 30741584 135164994 162376463 55771627 35252021 15767754 7770566 0 0 0 0 2818565 2840665 218750320 214113009 8094164 13220617 0 0 224187 1311558 0 0 0 0 0 0 97987118 74414848 0 0 709554 786128 107015023 89733151 X 111735297 124379858 0 0 111735297 124379858 218750320 214113009 X 9993802 3229604 -578845 X X false true X true false X X X 10 390.00 0 1 false 0.00 0 80660997 18827946 99488943 79929572 28885995 51043577 0 0 2640287 1855589 784698 11059245 0 11059245 162376463 0 LEASE DEPOSITS 686126 DUE FROM RELATED 47442 DUE FROM PARENT 52560 786128 X Schedule D, PART II, LINE 9: THE LAND ASSET IS HELD IN A NATURAL AREA PRESERVE BALANCE SHEET ACCOUNT; PROPERTY TAXES ON NATURAL AREA PRESERVES ARE EXPENSED. Schedule D, PART X, LINE 2: THE FOUNDATION IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE (IRC). UNDER THIS SECTION, CONTRIBUTIONS TO THE FOUNDATION ARE NOT DEDUCTIBLE BY THE DONORS EXCEPT WHERE DESIGNATED FOR A SPECIFIC CHARITABLE FUND. INTEREST AND PENALTIES ASSOCIATED WITH UNRECOGNIZED TAX BENEFITS ARE CLASSIFIED AS GENERAL AND ADMINISTRATIVE EXPENSES IN THE CONSOLIDATED STATEMENTS OF ACTIVITIES. THE FOUNDATION ADHERES TO THE ACCOUNTING STANDARD ON ACCOUNTING FOR THE UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE TAX BENEFITS RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESSES DERECOGNITION, CLASSIFICATION AND INTEREST. MANAGEMENT HAS EVALUATED THE FOUNDATION'S TAX POSITIONS AT SEPTEMBER 30, 2023 AND 2022, AND CONCLUDED THAT THE FOUNDATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE CONSOLIDATED FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THE INCOME TAXES TOPIC OF THE FASB ASC. X X X false false false false false false false false false CAROLYN COIA VP REAL ESTATE 190807 0 30000 0 10000 0 22143 0 8068 0 261018 0 0 0 LINDA K HALL EVP & COO 367982 0 97539 0 12000 0 46758 0 15171 0 539450 0 0 0 SCOTT LEVITAN PRESIDENT & CEO 496097 0 122350 0 12000 0 61896 0 14367 0 706710 0 0 0 Marie Pierre Lussier Director of Project Management 119628 0 15000 0 0 0 13746 0 7815 0 156189 0 0 0 RAYMOND TRAPP VP STRATEGIC ENGAGEMENT 167762 0 17500 0 12000 0 18869 0 14726 0 230857 0 0 0 JESSICA WISNIEWSKI VP FINANCE & ADMINISTRATION 173128 0 25000 0 0 0 20131 0 22238 0 240497 0 0 0 FORM 990, PART III, LINE 4D, OTHER PROGRAM SERVICES: PROGRAMMING AND EVENTS THAT UNITE ALL POINTS OF THE RESEARCH TRIANGLE VIA A CULTIVATION OF TOPICS AND LOCAL SPEAKERS FROM THE THREE FOUNDING UNIVERSITIES, COMPANIES AND THE COMMUNITIES AT LARGE. EXPENSES $ 511,560. INCLUDING GRANTS OF $ 0. REVENUE $ 0. FORM 990, PART VI, SECTION B, LINE 11B: THE VP OF FINANCE, CFO, AND AUDIT COMMITTEE REVIEW THE DRAFT FORM 990 PRIOR TO SUBMISSION TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C: CONFLICT OF INTEREST POLICY IS ENFORCED BY EACH DIRECTOR COMPLETING THE QUESTIONNAIRE ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15: THE HR COMMITTEE USES THE COMPARABLE SALARY INFORMATION IN THE COMPENSATION REVIEW PROCESS. THE HR COMMITTEE'S RECOMMENDATION IS SUBSEQUENTLY APPROVED BY THE FULL BOARD. FORM 990, PART VI, SECTION C, LINE 19: FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PART XI, LINE 9: CHANGE IN NET ASSETS EQUITY LOSS OF SUBSIDIARY $ (578,309) Other Adjustment $ (536) Total to Part XI, Line 9 $ (578,845) FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED SINCE THE PRIOR YEAR. 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