Duke Corporate Education is located in Durham, NC. The organization was established in 2007. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2021, Duke Corporate Education employed 60 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Duke Corporate Education 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, Duke Corporate Education generated $18.7m 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 (11.0%) each year. All expenses for the organization totaled $19.5m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (8.5%) 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 ORGANIZATION PROVIDES EDUCATIONAL SERVICES TO CORPORATIONS IN SUPPORT OF ITS AND DUKE UNIVERSITY'S MISSION OF PROVIDING EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE ODUKE CORPORATE EDUCATION IS A GLOBAL PROVIDER OF CUSTOM CORPORATE EDUCATION SERVICES THAT HELPS ORGANIZATIONS ADDRESS THEIR BUSINESS CHALLENGES. THE ORGANIZATION WAS CREATED TO PROVIDE INTENSIVELY CUSTOMIZED CORPORATE EDUCATION SERVICES FOCUSED ON ADDRESSING BUSINESS CHALLENGES. THE ORGANIZATION'S CLIENTS TEND TO BE LARGE GLOBAL ENTERPRISES. THE ORGANIZATION HELPS ITS CLIENTS IMPLEMENT THEIR STRATEGY THROUGH DEVELOPMENT OF THEIR PEOPLE. THE ORGANIZATION FOCUSES EDUCATION ON WHAT THE CLIENT'S PEOPLE NEED TO KNOW, DO AND BELIEVE IN ORDER TO ADDRESS CURRENT OR ANTICIPATED CHALLENGES, AND ATTAIN SPECIFIC BUSINESS OBJECTIVES. THE ORGANIZATION DIFFERS FROM A TRADITIONAL BUSINESS SCHOOL OR PROFESSIONAL SERVICES FIRM IN THAT THE ORGANIZATION IS NOT DEPENDENT ON THE ORGANIZATION'S OR THE UNIVERSITY'S FACULTY. TO MEET THE BROAD RANGE OF NEEDS THE ORGANIZATION'S CLIENTS BRING TO IT, THE ORGANIZATION DRAWS ON QUALITY FACULTY FROM NUMEROUS BUSINESS SCHOOLS. THE ORGANIZATION ALSO LEVERAGES NON-FACULTY EDUCATORS SUCH AS COACHES, FACILITATORS, INDUSTRY EXPERTS, RETIRED EXECUTIVES, ACTORS AND OTHERS COMMITTED TO HIGH QUALITY CUSTOMIZED EDUCATION. THE ORGANIZATION CAN DELIVER SMALL OR VERY LARGE SCALE PROGRAMS, IN MANY ITERATIONS, IN SEVERAL LANGUAGES, COVERING A FEW TO THOUSANDS OF PARTICIPANTS, WITH COMPLEX LOGISTICAL REQUIREMENTS, ANYWHERE IN THE WORLD. THE ORGANIZATION USES ITS GLOBAL LEARNING RESOURCE NETWORK AND ITS AFFILIATIONS WITH UNIVERSITIES TO PROVIDE ITS CLIENTS A LOCAL DELIVERABLE WITH GLOBAL CONSISTENCY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Michael A Chavez Jr Director/ceo | OfficerTrustee | 40 | $381,271 |
Vishal Patel Global Head, North America | 40 | $365,624 | |
John Davis Regional Managing Director | 40 | $316,886 | |
Paul Mathews CFO | Officer | 40 | $265,725 |
David Welsh Regional Managing Director | 40 | $263,990 | |
Ed Barrows Managing Director | 40 | $242,781 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Prehype Llc Educational Services | 6/29/21 | $256,222 |
Peformance Of A Lifetime Educational Services | 6/29/21 | $183,535 |
Cep Llc Educational Services | 6/29/21 | $155,931 |
Kls Consulting Llc Educational Services | 6/29/21 | $113,626 |
Ten Springs Consulting Llc Educational Services | 6/29/21 | $181,371 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
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 | $0 |
Total Program Service Revenue | $16,303,592 |
Investment income | $402,894 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $241,187 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $18,675,614 |
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. | $1,122,723 |
Compensation of current officers, directors, key employees. | $897,300 |
Compensation to disqualified persons | $263,065 |
Other salaries and wages | $5,868,505 |
Pension plan accruals and contributions | $363,346 |
Other employee benefits | $600,581 |
Payroll taxes | $447,848 |
Fees for services: Management | $29,826 |
Fees for services: Legal | $23,064 |
Fees for services: Accounting | $91,008 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $6,044,742 |
Advertising and promotion | $502,101 |
Office expenses | $743,082 |
Information technology | $985,383 |
Royalties | $1,000,000 |
Occupancy | $533,560 |
Travel | $39,454 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $21,869 |
Interest | $28,092 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $408,747 |
Insurance | $86,699 |
All other expenses | $0 |
Total functional expenses | $19,537,627 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $5,258,076 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $2,234,152 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $377,257 |
Net Land, buildings, and equipment | $751,934 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $18,867,971 |
Total assets | $27,489,390 |
Accounts payable and accrued expenses | $2,544,543 |
Grants payable | $0 |
Deferred revenue | $723,649 |
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 | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $7,648,452 |
Total liabilities | $10,916,644 |
Net assets without donor restrictions | $16,572,746 |
Net assets with donor restrictions | $0 |
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 | $27,489,390 |
Organization Name | Assets | Revenue |
---|---|---|
Common Application Inc Arlington, VA | $52,971,416 | $52,316,500 |
Longwood University Real Estate Foundation Farmville, VA | $322,438,396 | $31,911,007 |
Duke Corporate Education Durham, NC | $27,489,390 | $18,675,614 |
University Of North Georgia Foundation Inc Dahlonega, GA | $101,168,345 | $9,379,486 |
Cape Fear Tutoring Inc Wilmington, NC | $2,173,027 | $16,040,654 |
Southern Assoc Of Colleges And Schools Commission On Colleges Inc Decatur, GA | $21,107,199 | $13,477,936 |
National Association For College Admission Counseling Inc Arlington, VA | $22,607,858 | $9,863,408 |
Memphis Education Fund Inc Memphis, TN | $2,536,598 | $5,955,711 |
The Cottage School Educational Resource Center Inc Roswell, GA | $19,413,651 | $9,463,796 |
Pencil Foundation Nashville, TN | $3,991,693 | $7,143,023 |
Edreports Org Inc Durham, NC | $5,799,627 | $6,182,160 |
American School Counselor Association Alexandria, VA | $7,066,172 | $7,522,290 |