Dumac Inc
- Assets
- $26.3m
- Revenue
- $28.5m
- Investments
- $6.7m
- Employees
- 0
- Location
- Durham, NC
- Founding
- 10/2011
- Data as of
- 06/2022
- EIN
- 90-0754895
Organization Overview
Dumac Inc is located in Durham, NC. The organization was established in 2011. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dumac Inc 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, Dumac Inc generated $28.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $28.5m during the year ending 06/2022. While expenses have increased by 4.6% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O FOR ORGANIZATION'S MISSION STATEMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
DUMAC, INC. OPERATES AS A SUPPORTING ORGANIZATION TO DUKE UNIVERSITY. ALL OF THE EXPENSES INCURRED ARE RELATED TO THE INVESTMENT MANAGEMENT AND RELATED SERVICES PROVIDED ON A NOT-FOR-PROFIT, COST-SHARING BASIS TO DUKE UNIVERSITY, ITS AFFILIATES (INCLUDING DUKE UNIVERSITY HEALTH SYSTEM, INC. THE EMPLOYEES' RETIREMENT PLAN OF DUKE UNIVERSITY) AND THE DUKE ENDOWMENT, A PRIVATE FOUNDATION WHICH UNDER THE TERMS OF ITS INDENTURE AND BY ACTION OF ITS SEPARATE BOARD OF TRUSTEES PROVIDES SUBSTANTIAL SUPPORT TO DUKE UNIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Neal F Triplett Director/president | OfficerTrustee | 0.1 | $0 |
Vincent E Price Director | Trustee | 0.1 | $0 |
Daniel G Ennis Director | Trustee | 2 | $0 |
Laurene M Sperling Director | Trustee | 0.1 | $0 |
Kevin A Baggett MD Director | Trustee | 0.1 | $0 |
T Ritson Ferguson III Director | Trustee | 0.1 | $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 | $28,252,084 |
| Investment income | $6,467 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $258,711 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $28,517,262 |
| 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. | $6,916,674 |
| 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 | $464,679 |
| Fees for services: Accounting | $43,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,531,509 |
| Advertising and promotion | $0 |
| Office expenses | $92,078 |
| Information technology | $130,437 |
| Royalties | $0 |
| Occupancy | $967,353 |
| Travel | $226,223 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,517 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $223,123 |
| Insurance | $6,000 |
| All other expenses | $62,221 |
| Total functional expenses | $28,548,745 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,041,145 |
| 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 | $622,744 |
| Net Land, buildings, and equipment | $1,294,778 |
| Investments—publicly traded securities | $1,977,911 |
| Investments—other securities | $6,679,974 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,704,682 |
| Total assets | $26,321,234 |
| Accounts payable and accrued expenses | $1,615,100 |
| Grants payable | $0 |
| Deferred revenue | $3,261,653 |
| 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 | $14,259,450 |
| Total liabilities | $19,136,203 |
| Net assets without donor restrictions | $7,185,031 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $26,321,234 |