Made In Durham
- Assets
- $942.5k
- Revenue
- $583.0k
- Investments
- $0.0
- Employees
- 7
- Location
- Durham, NC
- Founding
- 02/2015
- Data as of
- 06/2022
- EIN
- 47-2262963
Organization Overview
Made In Durham is located in Durham, NC. The organization was established in 2015. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2022, Made In Durham employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Made In Durham 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 06/2022, Made In Durham generated $583.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $668.6k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
MADE IN DURHAM IS A COMMUNITY PARTNERSHIP OF EDUCATORS, BUSINESS, GOVERNMENT, NONPROFITS, YOUTH, AND YOUNG ADULTS MOBILIZED AROUND A SHARED VISION THAT ALL OF DURHAM'S YOUTH WILL COMPLETE HIGH SCHOOL AND A POSTSECONDARY CREDENTIAL AND BEGIN A REWARDING CAREER BY THE AGE OF 25.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION - ENSURES YOUTH AND YOUNG ADULTS IN DURHAM ENGAGE AND FULLY PARTICIPATE IN CREATING AND EVALUATING OUR EDUCATION-TO-CAREER SYSTEM.
WORKFORCE DEVELOPMENT - MADE IN DURHAM WORKS TO ENGAGE EMPLOYERS IN DEEPLY DEVELOPING AN EDUCATION-TO-CAREER SYSTEM THAT ESTABLISHES A ROBUST TALENT PIPELINE TO MEET THEIR LABOR NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Victor Dzau Chair | Trustee | 1 | $0 |
Lori Jones-Gibbs Vice Chair | Trustee | 1 | $0 |
Henry Scherich Treasurer | Trustee | 1 | $0 |
Patrick Fine Director | Trustee | 0.5 | $0 |
David Dodson Director | Trustee | 0.5 | $0 |
Dr Akinleye Johnson Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $484,696 |
| All other contributions, gifts, grants, and similar amounts not included above | $97,849 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $582,545 |
| Total Program Service Revenue | $0 |
| Investment income | $4 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $583,049 |
| 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. | $86,520 |
| Compensation of current officers, directors, key employees. | $12,978 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $273,928 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $26,548 |
| Payroll taxes | $30,470 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $64,903 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $102,859 |
| Advertising and promotion | $0 |
| Office expenses | $1,630 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,536 |
| Travel | $295 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,484 |
| All other expenses | $990 |
| Total functional expenses | $668,585 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $567,546 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $375,000 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $942,546 |
| Accounts payable and accrued expenses | $23,968 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $23,968 |
| Net assets without donor restrictions | $580,462 |
| Net assets with donor restrictions | $338,116 |
| 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 | $942,546 |