Mcnc Endowment
- Assets
- $108.8m
- Revenue
- -$625.2k
- Investments
- $31.7m
- Employees
- 0
- Location
- Research Triangle Park, NC
- Founding
- 02/2001
- Data as of
- 06/2020
- EIN
- 58-2591748
Organization Overview
Mcnc Endowment is located in Research Triangle Park, NC. The organization was established in 2001. According to its NTEE Classification (U20) the organization is classified as: General Science, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mcnc Endowment is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
MCNC ENDOWMENT IS ORGANIZED AND IS TO BE OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF MCNC, AN NC NONPROFIT CORPORATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONDUCTING CHARITABLE, EDUCATIONAL, AND SCIENTIFIC OBJECTIVES ON BEHALF OF MCNC, AND FOR THE PUBLIC PURPOSE OF PROMOTING SCIENTIFIC RESEARCH AND EDUCATION TO ENCOURAGE THE DEVELOPMENT OF THE ELECTRONIC AND INFORMATION TECHNOLOGY INDUSTRIES IN THE STATE OF NORTH CAROLINA.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tracy Doaks President & CEO | OfficerTrustee | 0.38 | $0 |
Jean Davis President & CEO | OfficerTrustee | 0.38 | $0 |
Patricia L Moody Treasurer | Officer | 1.27 | $0 |
John Sean Doyle Secretary | Officer | 0.56 | $0 |
Shirley Jennings Asst. Secretary | Officer | 0 | $0 |
Cynthia Frost Director | Trustee | 0.15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $2,468,721 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,293,954 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$625,163 |
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,500 |
| Fees for services: Accounting | $7,691 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $114,772 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $19 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $559 |
| Interest | $5,592 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,553 |
| All other expenses | $0 |
| Total functional expenses | $169,955 |
| 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 |
| Investments—publicly traded securities | $77,097,848 |
| Investments—other securities | $31,690,751 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $108,788,599 |
| Accounts payable and accrued expenses | $12,707 |
| 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 | $12,707 |
| 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 | $108,775,892 |
Endowment Analysis
| Beg. Balance | $108,762,529 |
| Earnings | $36,112,516 |
| Admin Expense | $50,817 |
| Net Contributions | $5,179,552 |
| Other Expense | $178,077 |
| Ending Balance | $149,825,703 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Academy Of Managed Care Pharmacy A New Jersey Nonprofit Corporation Alexandria, VA | $27,096,439 | $20,779,074 |
Virginia Health Information Richmond, VA | $10,541,245 | $9,704,861 |
Virginia Biosciences Health Research Corporation Richmond, VA | $18,803,065 | $7,801,213 |
Building Change Inc Richmond, VA | $163,183 | $1,312,788 |
Laboratory Products Association White Post, VA | $1,807,219 | $1,215,035 |
Science Atl Inc Decatur, GA | $783,447 | $966,466 |
Unlab Inc Savannah, GA | $216,434 | $937,058 |
Scientific Equipment & Furniture Association Columbia, SC | $793,700 | $559,235 |
Gma Science And Education Foundation Arlington, VA | $730,605 | $404,209 |
Decatur Makers Inc Decatur, GA | $135,531 | $284,553 |
Air-Pruning Technologies Raleigh, NC | $2,821,223 | $163,099 |
Foundation Of The National Automatic Merchandising Assoc Arlingtion, VA | $1,223,571 | $126,137 |