Mcnc
- Assets
- $136.3m
- Revenue
- $51.6m
- Investments
- $0.0
- Employees
- 134
- Location
- Research Triangle Park, NC
- Founding
- 09/1980
- Data as of
- 06/2021
- EIN
- 58-1406628
Organization Overview
Mcnc is located in Research Triangle Park, NC. The organization was established in 1980. According to its NTEE Classification (U40) the organization is classified as: Engineering & Technology, under the broad grouping of Science & Technology and related organizations. As of 06/2023, Mcnc employed 134 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mcnc 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, Mcnc generated $51.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $54.4m during the year ending 06/2021. While expenses have increased by 4.4% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ADVANCED ELECTRONIC AND INFORMATION TECHNOLOGIES TO THE NC EDUCATION COMMUNITY, PUBLIC HEALTH, AND GOVERNMENT AGENCIES AND TO BENEFIT ECONOMIC DEVELOPMENT IN NC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MCNC PROVIDES TECHNICAL INFRASTRUCTURE TO EDUCATE, INNOVATE AND ENHANCE ECONOMIC DEVELOPMENT THROUGHOUT NORTH CAROLINA. MCNC SERVES THE NORTH CAROLINA PUBLIC SECTOR COMMUNITY BY PROVIDING HIGH QUALITY NETWORK INFRASTRUCTURE AND NETWORK RELATED SERVICES. MCNC PROVIDES THE WAN/BACKBONE AND INTERNET CONNECTIVITY TO STATE UNIVERSITIES, COMMUNITY COLLEGES, INDEPENDENT UNIVERSITIES AND COLLEGES, LOCAL EDUCATION AGENCIES (BASICALLY TO EACH COUNTY'S PUBLIC K-12 SCHOOL'S ADMINISTRATION), CHARTER SCHOOLS, PRIVATE K-12 SCHOOLS, LIBRARIES, RESEARCH INSTITUTIONS, PUBLIC HEALTH (FREE CLINICS & HOSPITAL LOCATIONS), AND GOVERNMENT AGENCIES. THESE SERVICES ARE PROVIDED WITH A SERVICE LEVEL AGREEMENT OF 99.99% "UP" TIME. MCNC ADDITIONALLY PROVIDES COLLOCATION/HOSTING OR BACKUP/STORAGE DATA CENTER SERVICES FOR VARIOUS STATE COLLEGES, INDEPENDENT HIGHER EDUCATION COLLEGES, GOVERNMENT AGENCIES, RESEARCH INSTITUTIONS, COMMUNITY COLLEGES, K-12 INSTITUTIONS AND PUBLIC HEALTH INSTITUTIONS. THESE SERVICES ARE PROVIDED 24/7/365.DURING FY 2023 MCNC RECEIVED THE USE OF LAND FOR THEIR CAMPUS FROM TUCASI (TRIANGLE UNIVERSITIES CENTER FOR ADVANCED STUDIES, INC.), VALUED AT $783,469.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
A Hope Williams Chair | Trustee | 0.23 | $0 |
Keith Werner Chair | Trustee | 0.23 | $0 |
Tracey Futhey Vice Chair | Trustee | 0.17 | $0 |
Ray Carey Director | Trustee | 0.17 | $0 |
Myra Best Director | Trustee | 0.23 | $0 |
Dennis Kekas Director | Trustee | 0.17 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dlt Solutions Llc Managed Firewall | 6/29/23 | $6,012,728 |
Globe Communications Llc Fiber Installtion/maintenance | 6/29/23 | $647,388 |
Genuine Cable Group Llc Fiber Installtion/maintenance | 6/29/23 | $1,109,147 |
Diversified Utility Group Fiber Locating | 6/29/23 | $745,220 |
Rsm Us Llp Software Support | 6/29/23 | $343,598 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,800,000 |
| Investment income | $19,766 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,117 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $51,582,521 |
| Statement of Expenses | |
|---|---|
| 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. | $1,346,897 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,011,984 |
| Pension plan accruals and contributions | $900,699 |
| Other employee benefits | $1,081,772 |
| Payroll taxes | $695,188 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $82,157 |
| Fees for services: Accounting | $44,555 |
| Fees for services: Lobbying | $60,353 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,716,238 |
| Advertising and promotion | $2,068 |
| Office expenses | $57,804 |
| Information technology | $4,385,240 |
| Royalties | $0 |
| Occupancy | $868,862 |
| Travel | $69,287 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $49,453 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,338,541 |
| Insurance | $226,628 |
| All other expenses | $0 |
| Total functional expenses | $54,420,215 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,464,730 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,551,473 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $288,700 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,514,236 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,751,542 |
| Total assets | $136,308,302 |
| Accounts payable and accrued expenses | $2,947,202 |
| Grants payable | $0 |
| Deferred revenue | $31,294,183 |
| 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 | $535,331 |
| Total liabilities | $34,776,716 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $101,531,586 |
Grants Awarded
Over the last fiscal year, Mcnc has awarded $332,721 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE GOLDEN LEAF INC PURPOSE: TO SUPPORT RURAL BROADBAND FOR ECONOMIC DEVELOPMENT, EDUCATION, HEALTH CARE, NON-PORFITS AND ANCHOR INSTITUTIONS | $326,721 |
FOOD BANK OF CENTRAL & EASTERN NC PURPOSE: TO SUPPORT FAMILIES IN NEED | $6,000 |