David H Murdock Research Institute
- Assets
- $62.8m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 23
- Location
- Kannapolis, NC
- Founding
- 06/2009
- Data as of
- 06/2021
- EIN
- 20-8730759
Organization Overview
David H Murdock Research Institute is located in Kannapolis, NC. The organization was established in 2009. According to its NTEE Classification (K05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 06/2021, David H Murdock Research Institute employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. David H Murdock Research Institute is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, David H Murdock Research Institute generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (26.0%) each year. All expenses for the organization totaled $1.8m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (25.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE INSTITUTE OPERATES TO SUPPORT AND BENEFIT DUKE UNIVERSITY AND THE UNIVERSITY OF NC AT THE NC RESEARCH CAMPUS IN KANNAPOLIS, NC. IT WAS FORMED TO FURTHER THE CHARITABLE AND EDUCATIONAL PURPOSES (PRIMARILY RESEARCH AND DEVELOPMENT) OF THESE SUPPORTED ORGANIZATIONS AT THE CAMPUS. THE INSTITUTE'S PRIMARY ACTIVITIES ARE: A) TO ACQUIRE, OWN AND OPERATE AN APPROXIMATELY 104,927 SQUARE FOOT CORE LABORATORY FACILITY TO PROMOTE RESEARCH AND DEVELOPMENT THAT WILL SUPPORT ADVANCES IN HUMAN NUTRITION, HUMAN HEALTH, AGRICULTURAL CROPS, SYSTEMS AND GROWING PROCESSES AND THE PRODUCTION OF HEALTHFUL FOODS AND OTHER SCIENTIFIC RESEARCH; B) TO ASSIST THE SUPPORTED ORGANIZATIONS; AND C) TO PERFORM SCIENTIFIC RESEARCH (INCLUDING PROCESS DEVELOPMENT RESEARCH) IN SUPPORT OF ONE OR MORE OF THE SUPPORTED ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT AND SUSTAIN BREAKTHROUGH RESEARCH REGARDING HUMAN NUTRITION, AGRICULTURAL SYSTEMS, AND THE DEVELOPMENT AND RAPID TRANSFER OF NEW TECHNOLOGIES AND DISCOVERIES RELATED TO THESE RESEARCH AREAS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven A Lommel PHD Director | Trustee | 2 | $0 |
Suresh Balu Msmba Director | Trustee | 2 | $0 |
Cory R Brouwer Director | Trustee | 2 | $0 |
Simon G Gregory PHD Director | Trustee | 2 | $0 |
Kristin Newby MD Director | Trustee | 2 | $0 |
Dr Carol Spaulding Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $333,400 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $333,400 |
| Total Program Service Revenue | $577,634 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $316,598 |
| Net Gain/Loss on Asset Sales | $53,042 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,280,674 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $514,782 |
| Pension plan accruals and contributions | $15,085 |
| Other employee benefits | $46,670 |
| Payroll taxes | $40,773 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,564 |
| Fees for services: Accounting | $2,647 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,399 |
| Advertising and promotion | $0 |
| Office expenses | $1,247 |
| Information technology | $17,006 |
| Royalties | $0 |
| Occupancy | $164,505 |
| Travel | $368 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $730 |
| Interest | $73,492 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $484,417 |
| Insurance | $26,185 |
| All other expenses | $63,311 |
| Total functional expenses | $1,817,347 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $123,951 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $77,575 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $154,955 |
| Prepaid expenses and deferred charges | $77,660 |
| Net Land, buildings, and equipment | $53,896,018 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,509,964 |
| Total assets | $62,840,123 |
| Accounts payable and accrued expenses | $123,395 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,636,583 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,253,655 |
| Total liabilities | $14,013,633 |
| Net assets without donor restrictions | $48,820,282 |
| Net assets with donor restrictions | $6,208 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $62,840,123 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that David H Murdock Research Institute has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Triangle Community Foundation Durham, NC PURPOSE: GENERAL PURPOSE | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Usa Rice Federation Arlington, VA | $4,688,189 | $12,520,388 |
Gypsy Moth Slow The Spread Foundation Inc Benson, NC | $1,414,078 | $4,683,647 |
David H Murdock Research Institute Kannapolis, NC | $62,840,123 | $1,280,674 |
Center For Plant Science And Health Haymarket, VA | $259,847 | $1,749,213 |
Cotton Foundation Cordova, TN | $3,824,041 | $787,469 |
Crop Life Foundation Inc Arlington, VA | $119,484 | $0 |
The Utopian Seed Project Inc Asheville, NC | $52,192 | $0 |
Agricultural Safety And Health Council Of America Leesburg, VA | $192,604 | $0 |
Crows Nest Research Center Mclean, VA | $160,397 | $0 |
Virginia Crop Improvement Research Foundation Inc Mechanicsville, VA | $682,973 | $19,537 |
Tennessee Walking Horse Breeders Foundation Lewisburg, TN | $84,679 | $0 |