Partnership For Defense Innovation
- Assets
- $0.0
- Revenue
- $692.5k
- Investments
- $0.0
- Employees
- 10
- Location
- Fayetteville, NC
- Founding
- Data as of
- 06/2017
- EIN
- 51-0418162
Organization Overview
Partnership For Defense Innovation is located in Fayetteville, NC. As of 06/2017, Partnership For Defense Innovation employed 10 individuals. Partnership For Defense Innovation 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 06/2017, Partnership For Defense Innovation generated $692.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (54.1%) each year. All expenses for the organization totaled $1.2m during the year ending 06/2017. 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
CREATED TO PROMOTE ECONOMIC DEVELOPMENT BY MAINTAINING AN INCUBATOR FACILITY FOR COMPANIES IN NORTH CAROLINA ENGAGED IN THE RESEARCH AND DEVELOPMENT OF TECHNOLOGIES ASSOCIATED WITH MILITARY AND HOMELAND SECURITY AS WELL AS A LAB TO CONDUCT RESEARCH AND DEVELOPMENT TESTING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WIFI LABORATORY TESTS AND EVALUATES GOVERNMENTAL AND COMMERCIAL COMMUNICATIONS EQUIPMENT TO DETERMINE IF SUCH EQUIPMENT CAN OPERATE AND INTEGRATE WITH EXISTING MILITARY COMMUNICATIONS NETWORKS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas Fordham Lab Director | Officer | 40 | $195,543 |
Scott Perry President | Officer | 40 | $191,633 |
Bobby J Ervin Chairman | OfficerTrustee | 1 | $0 |
Larry Robbins Vice Chairman | OfficerTrustee | 1 | $0 |
Lynne Greene Treasurer | OfficerTrustee | 1 | $0 |
Tim Richardson Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| 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 | $491,418 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $13,825 |
| Net Gain/Loss on Asset Sales | $113,744 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $692,499 |
| 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. | $60,000 |
| Compensation of current officers, directors, key employees. | $30,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $221,941 |
| Pension plan accruals and contributions | $17,910 |
| Other employee benefits | $17,284 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $28,477 |
| Fees for services: Accounting | $18,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $49,556 |
| Advertising and promotion | $0 |
| Office expenses | $4,567 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $147,185 |
| Travel | $18,044 |
| 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 | $10,660 |
| Insurance | $4,466 |
| All other expenses | $2,797 |
| Total functional expenses | $1,180,828 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $0 |
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