NORTH CAROLINA BIOTECHNOLOGY CENTER: Form 990, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- NORTH CAROLINA BIOTECHNOLOGY CENTER (EIN 56-1434024)
- Tax period
- 2020-07-01 to 2021-06-30
- Filed
- 2022-05-04
- IRS object ID
- 202241249349302204
- Schema version
- 2020v4.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule I
- Schedule J
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-05-04T13:33:12-05:00 | ReturnTs |
| Tax Period End | 2021-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 560574444 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHERRY BEKAERT LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3800 GLENWOOD AVE SUITE 200 | AddressLine1Txt |
| City | RALEIGH | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27612 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2020-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 561434024 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NORTH CAROLINA BIOTECHNOLOGY CENTER | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | NORT | BusinessNameControlTxt |
| Phone | 9195419366 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 13547 | AddressLine1Txt |
| City | RESEARCH TRIANGLE PARK | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27709 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DOUGLAS L EDGETON | PersonNm |
| Person Title | PRESIDENT & CEO | PersonTitleTxt |
| Phone | 9195419366 | PhoneNum |
| Signature | 2022-03-09 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | DOUGLAS | PersonFirstNm |
| Person Last | EDGETON | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | AMANDA ADAMS | PreparerPersonNm |
| PTIN | P00748038 | PTIN |
| Phone | 9197821040 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | DOUGLAS L EDGETON | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 13547 | AddressLine1Txt |
| City | RESEARCH TRIANGLE PARK | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27709 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $19,121,566 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.NCBIOTECH.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1984 | FormationYr |
| Legal Domicile State | NC | LegalDomicileStateCd |
| Activity Or Mission | TO PROVIDE LONG-TERM ECONOMIC AND SOCIETAL BENEFITS TO NORTH CAROLINA THROUGH SUPPORT OF BIOTECHNOLOGY RESEARCH, BUSINESS, EDUCATION AND STRATEGIC POLICY STATEWIDE. | ActivityOrMissionDesc |
| Voting Members Governing Body | 40 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 39 | VotingMembersIndependentCnt |
| Total Employee | 78 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $13,820,143 | PYContributionsGrantsAmt |
| CY Contributions Grants | $14,173,968 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $1,401,760 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $1,527,574 | CYProgramServiceRevenueAmt |
| PY Investment Income | $334,282 | PYInvestmentIncomeAmt |
| CY Investment Income | $872,371 | CYInvestmentIncomeAmt |
| PY Other Revenue | $50,266 | PYOtherRevenueAmt |
| CY Other Revenue | $45,135 | CYOtherRevenueAmt |
| PY Total Revenue | $15,606,451 | PYTotalRevenueAmt |
| CY Total Revenue | $16,619,048 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $6,026,026 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $4,706,443 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $7,385,885 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $7,331,894 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $4,777,856 | PYOtherExpensesAmt |
| CY Other Expenses | $4,501,076 | CYOtherExpensesAmt |
| PY Total Expenses | $18,189,767 | PYTotalExpensesAmt |
| CY Total Expenses | $16,539,413 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$2,583,316 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $79,635 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $36,713,001 | TotalAssetsBOYAmt |
| Total Assets EOY | $36,440,488 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $523,741 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $349,300 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $36,189,260 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $36,091,188 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | 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. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $6,064,092 | ExpenseAmt |
| Grant | $4,067,746 | GrantAmt |
| Revenue | $647,757 | RevenueAmt |
| Desc | 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 $130 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. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $4,971,739 | ExpenseAmt |
| Grant | $591,187 | GrantAmt |
| Desc | 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, MORE THAN 135 COMPANIES SUPPORTING AT LEAST 12,100 JOBS HAVE BEEN IDENTIFIED AND ENGAGED BY THE PROGRAM. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $2,693,795 | ExpenseAmt |
| Grant | $47,510 | GrantAmt |
| Revenue | $879,817 | RevenueAmt |
| Desc | 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. THE LSI TEAM'S ACTIVITIES MAKE IT THE LARGEST AT THE CENTER. IN ADDITION TO MARKET INTELLIGENCE, THE 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. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $13,729,626 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (1) | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | Yes (1) | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 38 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 78 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 40 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 39 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | NC | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MARK STOHLMAN | PersonNm |
| Phone | 9195498850 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 15 TW ALEXANDER DRIVE RTP | AddressLine1Txt |
| City | RESEARCH TRIANGLE PARK | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27709 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (48 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| SANTO COSTA | ||||||||
| CHAIR | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| MEREDITH FRIGA | ||||||||
| VICE CHAIR/TREASURER | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| PEYTON ANDERSON | ||||||||
| SECRETARY | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| DOUG EDGETON | ||||||||
| PRESIDENT & CEO/ASST. SECRETARY | 40.00 | Yes (X) | Yes (X) | $309,000 | $0 | $46,249 | ||
| REBECCA ALEXANDER | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| JOHN ANTHONY ATALA | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| JOHN ATKINS III | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| MICHELLE BERREY | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| GEORGE BRIGGS | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| JAMES DATIN | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| JOY PARR DRACH | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| NEAL FOWLER | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| KELLY FULLER | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| FRANK GRAINGER | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| WILLIAN HAWKINS III | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| UNDI HOFFLER | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| DAN JANIES | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| MOISE KHAYRALLAH | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| MARY KLOTMAN | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| KAREN LEVERT | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| STEVE LOMMEL | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| TERRY MAGNUSON | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| MERRILL MASON | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| ADAM MONROE | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| HERNAN NAVARRO | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| KIMBERLY VAN NOORT | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| ARTHUR PAPPAS | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| JOHN RABBY | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| MACHELLE BAKER SANDERS | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| JOSE SARTARELLI | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| THOMAS STITH | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| MICHAEL TANNER | ||||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| BEN TEAGUE | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| STEVE TROXLER | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| MIKE VAN SCOTT | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| BHASKAR VENEPALLI | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| THOMAS WALKER | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| SANDY WILLIAMS | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| BRAD WILSON | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| BENJAMIN YERXA | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| MARK STOHLMAN | ||||||||
| VP FINANCE | 40.00 | Yes (X) | $143,260 | $0 | $28,246 | |||
| MARY BETH THOMAS | ||||||||
| SR VP, SCIENCE AND BUS. DEV. | 40.00 | $172,910 | $0 | $28,773 | Yes (X) | |||
| WILLIAM BULLOCK | ||||||||
| SR VP, STATEWIDE OPER. & ECON. DEV. | 40.00 | $179,989 | $0 | $29,552 | Yes (X) | |||
| ROBIN DEACLE | ||||||||
| VP, CORP COMM. | 40.00 | $144,768 | $0 | $24,685 | Yes (X) | |||
| MARK PHILLIPS | ||||||||
| VP, STATEWIDE OPERATIONS | 40.00 | $143,260 | $0 | $25,512 | Yes (X) | |||
| ROBERT LINDBERG | ||||||||
| VP, SCIENCE & TECHNOLOGY DEV. | 40.00 | $143,260 | $0 | $25,785 | Yes (X) | |||
| SUSIE CORBETT | ||||||||
| VP, IT LSI | 40.00 | $144,768 | $0 | $24,686 | Yes (X) | |||
| KELLY GANGL | ||||||||
| VP, TACD | 40.00 | $143,260 | $0 | $26,992 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,524,475 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $260,480 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 19 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| AVCON | |||||
| PO BOX 4793 | CARY | NC | 27519 | IT SUPPORT | $337,043 |
| NC ASSOC OF WORKFORCE DEVELOPMENT BOARD | |||||
| 2321 CRABTREE BLVD SUITE 200 | RALEIGH | NC | 27604 | CARES PROJECT | $192,500 |
| PATTON BOGGS LLP | |||||
| 2550 M STREET NW | WASHINGTON | DC | 20037 | LOBBYING | $180,470 |
| PMI | |||||
| PO BOX 58636 | RALEIGH | NC | 27658 | FACILITIES MANAGEMENT | $171,290 |
| NETGAIN TECHNOLOGIES | |||||
| 615 EASTOWNE DRIVE | CHAPEL HILL | NC | 27514 | IT SUPPORT | $135,680 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 9 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $14,105,409 | GovernmentGrantsAmt |
| All Other Contributions | $68,559 | AllOtherContributionsAmt |
| Total Contributions | $14,173,968 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| INTEREST FROM PROGRAM LOAN | 900099 | $647,757 | $647,757 |
| LIBRARY RESEARCH FEES | 900099 | $414,705 | $414,705 |
| CONFERENCE CENTER | 900099 | $186,659 | $186,659 |
| DATABASE SEARCHES | 900099 | $128,326 | $128,326 |
| INTER-LIBRARY LOAN | 900099 | $27,825 | $27,825 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $122,302 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $122,302 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $1,527,574 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $198,985 | TotalRevenueColumnAmt |
| Exclusion | $198,985 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $45,135 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $45,135 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $45,135 | TotalRevenueColumnAmt |
| Exclusion | $45,135 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $3,175,904 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $2,502,518 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $673,386 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $673,386 | TotalRevenueColumnAmt |
| Exclusion | $673,386 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $16,619,048 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,527,574 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $917,506 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,706,443 | TotalAmt |
| Program Services | $4,706,443 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $805,159 | TotalAmt |
| Program Services | $507,399 | ProgramServicesAmt |
| Management And General | $297,760 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,009,097 | TotalAmt |
| Program Services | $4,341,040 | ProgramServicesAmt |
| Management And General | $668,057 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $566,496 | TotalAmt |
| Program Services | $470,878 | ProgramServicesAmt |
| Management And General | $95,618 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $536,156 | TotalAmt |
| Program Services | $449,103 | ProgramServicesAmt |
| Management And General | $87,053 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $414,986 | TotalAmt |
| Program Services | $351,664 | ProgramServicesAmt |
| Management And General | $63,322 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $66,105 | TotalAmt |
| Program Services | $29,763 | ProgramServicesAmt |
| Management And General | $36,342 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $45,919 | TotalAmt |
| Program Services | $16,545 | ProgramServicesAmt |
| Management And General | $29,374 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $301,435 | TotalAmt |
| Program Services | $108,610 | ProgramServicesAmt |
| Management And General | $192,825 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,133,547 | TotalAmt |
| Program Services | $982,187 | ProgramServicesAmt |
| Management And General | $151,360 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $140,736 | TotalAmt |
| Program Services | $132,796 | ProgramServicesAmt |
| Management And General | $7,940 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $497,916 | TotalAmt |
| Program Services | $453,910 | ProgramServicesAmt |
| Management And General | $44,006 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $257,416 | TotalAmt |
| Program Services | $145,545 | ProgramServicesAmt |
| Management And General | $111,871 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $624,204 | TotalAmt |
| Program Services | $234,610 | ProgramServicesAmt |
| Management And General | $389,594 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $23,441 | TotalAmt |
| Program Services | $23,441 | ProgramServicesAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $675 | TotalAmt |
| Program Services | $243 | ProgramServicesAmt |
| Management And General | $432 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $937,659 | TotalAmt |
| Program Services | $340,132 | ProgramServicesAmt |
| Management And General | $597,527 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $46,126 | TotalAmt |
| Program Services | $16,620 | ProgramServicesAmt |
| Management And General | $29,506 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| CLASSROOM TRAINING | $208,065 | $208,065 | |
| CONFERENCE CENTER EXPEN | $113,897 | $111,446 | $2,451 |
| SPONSORSHIPS | $68,850 | $68,850 | |
| STAFF TRAINING | $9,338 | $9,024 | $314 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $25,747 | TotalAmt |
| Program Services | $21,312 | ProgramServicesAmt |
| Management And General | $4,435 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,539,413 | TotalAmt |
| Program Services | $13,729,626 | ProgramServicesAmt |
| Management And General | $2,809,787 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $870,517 | BOYAmt |
| EOY | $1,292,301 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,521,151 | BOYAmt |
| EOY | $4,092,152 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,701 | BOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $135,259 | BOYAmt |
| EOY | $270,066 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $143,860 | BOYAmt |
| EOY | $193,113 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $21,454,440 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $13,471,303 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,686,909 | BOYAmt |
| EOY | $7,983,137 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,378,787 | BOYAmt |
| EOY | $12,681,154 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $713,710 | BOYAmt |
| EOY | $725,435 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,188,333 | BOYAmt |
| EOY | $9,170,909 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $66,774 | BOYAmt |
| EOY | $32,221 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $36,713,001 | BOYAmt |
| EOY | $36,440,488 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $353,044 | BOYAmt |
| EOY | $345,748 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $49,913 | BOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $114,500 | BOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,284 | BOYAmt |
| EOY | $3,552 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $523,741 | BOYAmt |
| EOY | $349,300 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $34,588,414 | BOYAmt |
| EOY | $35,390,392 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,600,846 | BOYAmt |
| EOY | $700,796 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $36,189,260 | BOYAmt |
| EOY | $36,091,188 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $36,713,001 | BOYAmt |
| EOY | $36,440,488 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $79,635 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$177,707 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $19,530,825 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $13,617,641 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $14,088,495 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $13,820,143 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $14,173,968 | CurrentTaxYearAmt |
| Total | $75,231,072 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $19,530,825 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $13,617,641 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $14,088,495 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $13,820,143 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $14,173,968 | CurrentTaxYearAmt |
| Total | $75,231,072 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | $75,231,072 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $120,729 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $217,054 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $669,516 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $351,326 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $244,120 | CurrentTaxYearAmt |
| Total | $1,602,745 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $76,833,817 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $7,031,678 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.97910 | PublicSupportCY170Pct |
| Public Support PY170 | 0.97540 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 0 | VolunteersInd |
| Paid Staff Or Management | Yes (1) | PaidStaffOrManagementInd |
| Media Advertisements | 0 | MediaAdvertisementsInd |
| Mailings Members | 0 | MailingsMembersInd |
| Publications Or Broadcast | 0 | PublicationsOrBroadcastInd |
| Grants Other Organizations | 0 | GrantsOtherOrganizationsInd |
| Direct Contact Legislators | 0 | DirectContactLegislatorsInd |
| Rallies Demonstrations | 0 | RalliesDemonstrationsInd |
| Other Activities | Yes (1) | OtherActivitiesInd |
| Other Activities | $301,435 | OtherActivitiesAmt |
| Total Lobbying Expenditures | $301,435 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | 0 | NotDescribedSection501c3Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II-B, LINE 1: | FormAndLineReferenceDesc |
| Explanation | 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: - PATTON BOGGS LLP - SMITH, ANDERSON, BLOUNT, DORSETT, MITCHELL, & JERNIGAN LLP - CAPITAL CITY STRATEGIES | ExplanationTxt |
Schedule D IRS990ScheduleD
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $18,372,637 | OtherCostOrOtherBasisAmt |
| Depreciation | $11,036,369 | DepreciationAmt |
| Book Value | $7,336,268 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,635,037 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,024,017 | DepreciationAmt |
| Book Value | $611,020 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $446,766 | OtherCostOrOtherBasisAmt |
| Depreciation | $410,917 | DepreciationAmt |
| Book Value | $35,849 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $7,983,137 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp (2 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| PRIVATE EQUITY INVESTMENTS | $186,029 | C |
| PROGRAM LOANS RECEIVABLE, NET | $8,984,880 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $9,170,909 | TotalBookValueProgramRltdAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | CAPITAL LEASE PAYABLE | Desc |
| Amt | $3,552 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $3,552 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $16,441,341 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$177,707 | NetUnrealizedGainsInvstAmt |
| Revenue Not Reported | -$177,707 | RevenueNotReportedAmt |
| Revenue Subtotal | $16,619,048 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $16,619,048 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $16,539,413 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $16,539,413 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $16,539,413 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE CENTER IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. MANAGEMENT HAS EVALUATED THE EFFECT OF THE GUIDANCE PROVIDED BY U.S. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT BELIEVES THAT THE CENTER CONTINUES TO SATISFY THE REQUIREMENTS OF A TAX-EXEMPT ORGANIZATION AT JUNE 30, 2021. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (19 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt | Address Line2USAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|---|
| CAMPBELL UNIVERSITY | ||||||||
| 143 MAIN STREET | BUIES CREEK | NC | 27506 | 560529440 | 501(C)(3) | $8,977 | RESEARCH | |
| CAROLINAS MEDICAL CENTER | ||||||||
| 1000 BLYTHE BLVD | CHARLOTTE | NC | 28203 | 561398929 | 501(C)(3) | $7,408 | RESEARCH | |
| DUKE UNIVERSITY | ||||||||
| 2200 W MAIN STREET SUITE 710 | DURHAM | NC | 27708 | 560532129 | 501(C)(3) | $432,567 | RESEARCH | |
| DUKE UNIVERSITY MEDICAL CENTER | ||||||||
| 2200 W MAIN STREET SUITE 820 | DURHAM | NC | 27708 | 560532129 | 501(C)(3) | $598,760 | RESEARCH | |
| DURHAM COUNTY | ||||||||
| 200 E MAIN ST | DURHAM | NC | 27701 | 566000297 | 170(C)(1) | $300,000 | ECONOMIC DEV | |
| EAST CAROLINA UNIVERSITY | ||||||||
| 2906 GREENVILLE CENTRE 220 SOUTH | GREENVILLE | NC | 27858 | 566000403 | 170(C)(1) | $141,795 | RESEARCH | CHARLES BLVD |
| FIRST FLIGHT VENTURE | ||||||||
| 2 DAVIS DR | DURHAM | NC | 27709 | 561752731 | 501(C)(3) | $25,000 | RESEARCH | |
| NC A&T STATE UNIVERSITY | ||||||||
| 1601 EAST MARKET STREET | GREENSBORO | NC | 27411 | 566000007 | 170(C)(1) | $76,931 | RESEARCH | |
| NC ASSOC FOR BIOMEDICAL RESEARCH | ||||||||
| 3901 BARRETT DRIVE | RALEIGH | NC | 27609 | 561683704 | 501(C)(3) | $7,003 | RESEARCH | |
| NC CENTRAL UNIVERSITY | ||||||||
| 1801 FAYETTEVILLE ST | DURHAM | NC | 27707 | 560007304 | 170(C)(1) | $72,055 | RESEARCH | |
| NORTH CAROLINA STATE UNIVERSITY | ||||||||
| 2701 SULLIVAN DRIVE | RALEIGH | NC | 27695 | 566000756 | 170(C)(1) | $562,784 | RESEARCH | |
| RTI INTERNATIONAL | ||||||||
| 3040 EAST CORNWALLIS ROAD PO BOX | RESEARCH TRIANGLE PARK | NC | 277092194 | 560686338 | 501(C)(3) | $105,919 | RESEARCH | 12194 |
| SCOTLAND COUNTY | ||||||||
| 1405 WEST BLVD | LAURINBURG | NC | 28353 | 566000339 | 170(C)(1) | $40,000 | ECONOMIC DEV | |
| UNC-CHAPEL HILL | ||||||||
| 104 AIRPORT DRIVE SUITE 2200 | CHAPEL HILL | NC | 27599 | 566001393 | 170(C)(1) | $871,544 | RESEARCH | |
| UNC-CHARLOTTE | ||||||||
| 9201 UNIVERSITY CITY BLVD | CHARLOTTE | NC | 28223 | 560791228 | 170(C)(1) | $136,033 | RESEARCH | |
| UNC-GREENSBORO | ||||||||
| 1111 SPRING GARDEN STREET | GREENVILLE | NC | 27412 | 566001468 | 170(C)(1) | $84,969 | RESEARCH | |
| UNC-WILMINGTON | ||||||||
| 601 S COLLEGE ROAD | WILMINGTON | NC | 28403 | 561258660 | 170(C)(1) | $20,000 | RESEARCH | |
| WAKE FOREST UNIVERSITY HEALTH | ||||||||
| 1834 WAKE FOREST ROAD | WINSTON SALEM | NC | 27109 | 223849199 | 501(C)(3) | $55,000 | RESEARCH | |
| WESTERN CAROLINA UNIVERSITY | ||||||||
| 1 UNIVERSITY WAY | CULLOWHEE | NC | 28723 | 566001440 | 170(C)(1) | $40,970 | RESEARCH | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 19 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | MONITORING USE OF GRANTS 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. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (9 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DOUG EDGETON | ||||||||||||||
| PRESIDENT & CEO/ASST. SECRETARY | $309,000 | $0 | $0 | $0 | $0 | $0 | $33,990 | $0 | $12,259 | $0 | $355,249 | $0 | $0 | $0 |
| WILLIAM BULLOCK | ||||||||||||||
| SR VP, STATEWIDE OPER. & ECON. DEV. | $179,989 | $0 | $0 | $0 | $0 | $0 | $19,799 | $0 | $9,753 | $0 | $209,541 | $0 | $0 | $0 |
| MARY BETH THOMAS | ||||||||||||||
| SR VP, SCIENCE AND BUS. DEV. | $172,910 | $0 | $0 | $0 | $0 | $0 | $19,020 | $0 | $9,753 | $0 | $201,683 | $0 | $0 | $0 |
| MARK STOHLMAN | ||||||||||||||
| VP FINANCE | $143,260 | $0 | $0 | $0 | $0 | $0 | $15,759 | $0 | $12,487 | $0 | $171,506 | $0 | $0 | $0 |
| KELLY GANGL | ||||||||||||||
| VP, TACD | $143,260 | $0 | $0 | $0 | $0 | $0 | $15,759 | $0 | $11,233 | $0 | $170,252 | $0 | $0 | $0 |
| SUSIE CORBETT | ||||||||||||||
| VP, IT LSI | $144,768 | $0 | $0 | $0 | $0 | $0 | $15,924 | $0 | $8,762 | $0 | $169,454 | $0 | $0 | $0 |
| ROBIN DEACLE | ||||||||||||||
| VP, CORP COMM. | $144,768 | $0 | $0 | $0 | $0 | $0 | $15,924 | $0 | $8,761 | $0 | $169,453 | $0 | $0 | $0 |
| ROBERT LINDBERG | ||||||||||||||
| VP, SCIENCE & TECHNOLOGY DEV. | $143,260 | $0 | $0 | $0 | $0 | $0 | $15,759 | $0 | $10,026 | $0 | $169,045 | $0 | $0 | $0 |
| MARK PHILLIPS | ||||||||||||||
| VP, STATEWIDE OPERATIONS | $143,260 | $0 | $0 | $0 | $0 | $0 | $15,759 | $0 | $9,753 | $0 | $168,772 | $0 | $0 | $0 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 DELIVERED TO AN ATTORNEY/ADVISOR WHO REVIEWS THEM AND CREATES A CD FOR STORAGE/RECORD RETENTION. 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. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NC BIOSCIENCE VENTURES LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 13547 | AddressLine1Txt |
| City | RESEARCH TRIANGLE PARK | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27709 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 562091504 | EIN |
| Primary Activities | ECONOMIC DEVELOPMENT | PrimaryActivitiesTxt |
| Legal Domicile State | NC | LegalDomicileStateCd |
| Total Income | $439 | TotalIncomeAmt |
| End Of Year Assets | $1,674,888 | EndOfYearAssetsAmt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NORTH CAROLINA BIOTECHNOLOGY CENTER | BusinessNameLine1Txt |
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