2025-05-29T06:16:24-04:00 2024-09-30 BDO USA 421 Fayetteville Street Suite 300 Raleigh NC 27601 990 2023-10-01 560853674 Research Triangle Foundation of NC % JESSICA WISNIEWSKI RESE 9195498181 PO BOX 12255 RESEARCH TRIANGLE PARK NC 277092255 Jessica Wisniewski VP Finance & Admin 9195498181 2025-05-28 true true SANDRA L FEINSMITH P01064157 9192781936 2025-05-22 2023 2025-03-06 01:10:19Z SCOTT LEVITAN PO BOX 12255 RESEARCH TRIANGLE PARK NC 277092255 30132573 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. 17 17 43 17 0 0 0 0 11096980 12440864 20563693 4213755 172830 67600 31833503 16722219 2040 1450 0 0 4714238 5191696 0 0 0 17123423 18351003 21839701 23544149 9993802 -6821930 214113009 216643585 89733151 97831560 124379858 118812025 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 11393101 1450 12225414 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. 5560190 0 95450 PROVIDE FOR THE PROMOTION OF PROGRAMS FOR THE RTP COMMUNITY AND TRIANGLE REGION. 1878276 0 120000 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. 707325 0 0 19538892 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 89 0 true 43 true false false false false false false false false X 17 17 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 27713 X SCOTT LEVITAN PRESIDENT & CEO 40.0 0.0 X 606947 0 75132 LINDA K HALL EVP & COO (THRU 4/15/2024) 40.0 0.0 X 444892 0 60666 CAROLYN COIA VP REAL ESTATE 40.0 0.0 X 241855 0 30478 JESSICA WISNIEWSKI VP FINANCE & ADMINISTRATION 40.0 0.0 X 194178 0 44187 AMANDA RONAN SENIOR DIRECTOR PLACEMAKING 40.0 0.0 X 124819 0 36841 DAVID WIEAND ACCOUNTING MANAGER 40.0 0.0 X 115953 0 25887 TRAVIS CRAYTON VP PLANNING & PUBLIC POLICY 40.0 0.0 X 124488 0 13828 KEVIN PATTERSON DIRECTOR OF IT 40.0 0.0 X 100942 0 25356 RAYMOND TRAPP FORMER OFFICER 0.0 0.0 X 102245 0 14678 BARBARA MULKEY CHAIRMAN 1.0 0.0 X X 0 0 0 BRAD WILSON VICE CHAIR 1.0 0.0 X X 0 0 0 ANITA BROWN-GRAHAM SECRETARY 1.0 0.0 X 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 JUD BOWMAN 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 PETER HANS DIRECTOR 1.0 0.0 X 0 0 0 GREG LUBERECKI 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 LEE ROBERTS DIRECTOR 1.0 0.0 X 0 0 0 DR RANDY WOODSON DIRECTOR 1.0 0.0 X 0 0 0 2056319 0 327053 9 true true false FAULCONER CONSTRUCTION COMPANY PO Box 7706 CHARLOTTESVILLE VA 22906 CONSTRUCTION 2656404 BRIDGEPOINT GENERAL CONTRACTING IN PO Box 336 DURHAM NC 27702 CONSTRUCTION 2049130 STERLINGPILLAR LLC 133 SOUTHCENTER COURT SUITE 1100 MORRISVILLE NC 27560 CONSTRUCTION 670871 AYERSSAINTGROSS INCORPORATED PO BOX 640027 PITTSBURGH PA 152640027 CONSULTING 668226 MG CAPITAL MAINTENANCE INC PO BOX 1370 MORRISVILLE NC 27560 JANITORIAL 620944 36 0 LEASING PROGRAM 531390 11551738 11551738 SHARED EXPENSE REIMBURSEMENT 531390 812576 812576 CONFERENCE INCOME 900099 76550 76550 12440864 670879 670879 0 0 0 0 0 15764669 1188561 12666867 743487 3097802 445074 3542876 3542876 0 0 0 0 0 0 0 0 0 MISCELLANEOUS REVENUE 900099 83242 83242 INCOME/LOSS FROM SUB 900099 -15642 -15642 67600 16722219 12440864 4281355 1450 1450 0 0 0 1444851 1444851 0 2533607 1582739 950868 282608 221462 61146 672932 382760 290172 257698 201942 55756 616326 616326 102377 102377 156946 156946 0 0 126857 126857 0 368494 298277 70217 1643775 1643775 131407 131407 0 0 251994 251994 0 44936 21696 23240 3088299 3088299 0 7137526 7137526 498972 432443 66529 OTHER-BUILDING REPAIR 2779454 2779454 PARTNERSHIP PROGRAM 530982 530982 OTHER-MISCELLANEOUS 635330 561357 73973 PROPERTY TAX 237328 237328 23544149 19538892 4005257 0 2568605 36016747 0 0 0 0 2839956 2851986 0 0 0 0 0 0 0 0 464733 275837 204146209 37630737 162376463 166515472 35252021 3075489 7770566 6033797 0 0 0 0 2840665 1874257 214113009 216643585 13220617 7451801 0 0 1311558 1661202 0 0 0 0 0 0 74414848 87851233 0 0 786128 867324 89733151 97831560 X 124379858 118812025 0 0 124379858 118812025 214113009 216643585 X -6821930 1825750 -571653 X X false true X true false X X X 10 390.00 0 1 false 0.00 0 87100657 21077977 108178634 82322338 35722495 46599843 0 0 0 2545535 1908242 637293 11099702 0 11099702 166515472 0 LEASE DEPOSITS 681905 DUE TO PARENT 185419 867324 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, 2024 AND 2023, 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 SCOTT LEVITAN PRESIDENT & CEO 493081 0 101866 0 12000 0 60871 0 14261 0 682079 0 0 0 LINDA K HALL EVP & COO (THRU 4/15/2024) 351890 0 81002 0 12000 0 46113 0 14553 0 505558 0 0 0 CAROLYN COIA VP REAL ESTATE 199855 0 30000 0 12000 0 23296 0 7182 0 272333 0 0 0 AMANDA RONAN SENIOR DIRECTOR PLACEMAKING 110819 0 14000 0 0 0 14087 0 22754 0 161660 0 0 0 RAYMOND TRAPP FORMER OFFICER 77140 0 0 0 25105 0 8111 0 6567 0 116923 0 0 0 JESSICA WISNIEWSKI VP FINANCE & ADMINISTRATION 169178 0 25000 0 0 0 21433 0 22754 0 238365 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 $ 707,325. 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: A THIRD PARTY WAS ENGAGED TO REVIEW AND RECOMMEND COMPENSATION FOR THE CEO AND OTHER MEMBERS OF SENIOR LEADERSHIP. THE EXECUTIVE COMMITTEE REVIEWED THE REPORT AND RECOMMENDED APPROVAL 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 $ (571,653) 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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