Research Triangle Foundation Of North Carolina

Organization Overview

Research Triangle Foundation Of North Carolina is located in Research Triangle Park, NC. The organization was established in 1972. According to its NTEE Classification (H12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Medical Research and related organizations. As of 09/2021, Research Triangle Foundation Of North Carolina employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Research Triangle Foundation Of North Carolina is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.

For the year ending 09/2021, Research Triangle Foundation Of North Carolina generated $40.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.7% each year . All expenses for the organization totaled $16.1m during the year ending 09/2021. While expenses have increased by 14.4% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PRIMARILY ENGAGED IN THE PROMOTION AND ENCOURAGEMENT OF RESEARCH OR SCIENTIFIC LABORATORIES AND OTHER RELATED FACILITIES IN RESEARCH TRIANGLE PARK.

Describe the Organization's Program Activity:

Part 3 - Line 4a

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.


PROVIDE FOR THE PROMOTION OF PROGRAMS FOR THE RTP COMMUNITY AND TRIANGLE REGION.


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 PLETHORA OF PUBLIC PARKS AND SPACE THAT WILL BE USED BY ENTREPRENEURS AND NORTH CAROLINIANS.


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.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Faulconer Construction Company
Hub Infrastructure Construction
$8,795,660
Kirkland Inc
Boxyard Construction
$4,710,851
Mckenna Construction Company Inc
Tenant/interior Upfit Construction
$2,442,549
Cushman & Wakefield
Commercial Lease Listing Agent
$577,946
Kfc Raleigh Development Mgmt Two Llc
Hub Development Manager
$583,088
View All Vendors

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$9,738,681
Investment income $620,950
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $29,631,739
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $40,089,804

Grants Awarded

Over the last fiscal year, Research Triangle Foundation Of North Carolina has awarded $35,000 in support to 2 organizations.

Grant RecipientAmount

DURHAM TECHNICAL COMMUNITY COLLEGE FOUNDATION INC

Org PageRecipient Profile

Durham, NC

PURPOSE: PROGRAM SUPPORT

$25,000

NORTH CAROLINA BUSINESS LEADERS FOR EDUCATION

Org PageRecipient Profile

Cary, NC

PURPOSE: PROGRAM SUPPORT

$10,000
View Grant Profile

Create an account to unlock the data you need.

or