Civic Intelligence

Duke Corporate Education

EIN 42-1672476 • 501(c)3 • Durham, NC

Profile

The company is the foremost global provider of custom corporate education services that helps organizations address their business challenges. The company was created to provide intensively customized corporate education services focused on addressing business challenges. The company focuses education on what the client's people need to know, do and believe in order to address current or anticipated challenges and attain specific business objectives.

Refreshing map…

310 Blackwell StreetDurham, NC 27701

www.dukece.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

39th percentile

0.22x

Higher debt load relative to assets than 39% of similar nonprofits.

NTEE B • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

35th percentile

0.24x

Higher debt load relative to revenue than 35% of similar nonprofits.

NTEE B • $25M-$50M nonprofits • Source year 2024

Net Margin

64th percentile

11%

Higher net margin than 64% of similar nonprofits.

NTEE B • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

99th percentile

$1,427,849

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 4.4% of source-year revenue.

NTEE B • $25M-$50M nonprofits • Source year 2024

Asset Growth

58th percentile

6.0%

Faster asset growth than 58% of similar nonprofits.

NTEE B • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

42nd percentile

4.1%

Faster revenue growth than 42% of similar nonprofits.

NTEE B • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Up

$35,489,014

Up $1,999,976 (+6.0%) from 2023

Liabilities

Down

$7,925,379

Down $2,683,203 (-25%) from 2023

Net Assets

Up

$27,563,635

Up $4,683,179 (+20%) from 2023

Revenue

Up

$32,787,200

Up $1,296,599 (+4.1%) from 2023

Expenses

Down

$29,040,594

Down $300,368 (-1.0%) from 2023

Net Income

Up

$3,746,606

Up $1,596,967 (+74%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40M$20M$0-$20MAssets 2010: $19,497,926Liabilities 2010: $26,591,236Net Assets 2010: -$7,093,3102010Assets 2011: $26,626,101Liabilities 2011: $32,683,461Net Assets 2011: -$6,057,3602011Assets 2012: $24,311,203Liabilities 2012: $29,562,491Net Assets 2012: -$5,251,2882012Assets 2013: $26,358,568Liabilities 2013: $33,354,029Net Assets 2013: -$6,995,4612013Assets 2014: $23,710,636Liabilities 2014: $27,340,064Net Assets 2014: -$3,629,4282014Assets 2015: $23,312,270Liabilities 2015: $17,670,002Net Assets 2015: $5,642,2682015Assets 2016: $27,042,492Liabilities 2016: $16,191,085Net Assets 2016: $10,851,4072016Assets 2017: $29,792,076Liabilities 2017: $16,640,792Net Assets 2017: $13,151,2842017Assets 2018: $30,451,106Liabilities 2018: $14,889,105Net Assets 2018: $15,562,0012018Assets 2019: $33,744,064Liabilities 2019: $14,307,511Net Assets 2019: $19,436,5532019Assets 2020: $29,909,799Liabilities 2020: $12,451,202Net Assets 2020: $17,458,5972020Assets 2021: $27,489,390Liabilities 2021: $10,916,644Net Assets 2021: $16,572,7462021Assets 2022: $33,808,412Liabilities 2022: $13,143,078Net Assets 2022: $20,665,3342022Assets 2023: $33,489,038Liabilities 2023: $10,608,582Net Assets 2023: $22,880,4562023Assets 2024: $35,489,014Liabilities 2024: $7,925,379Net Assets 2024: $27,563,6352024

Highlighted filing

2024

Assets$35,489,014
Liabilities$7,925,379
Net Assets$27,563,635

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$60M$40M$20M$0-$20MExpenses 2010: $35,365,8162010Expenses 2011: $37,683,1712011Expenses 2012: $40,908,5402012Expenses 2013: $41,330,5802013Revenue 2014: $42,153,972Expenses 2014: $38,984,960Net Income 2014: $3,169,0122014Revenue 2015: $42,875,859Expenses 2015: $32,379,143Net Income 2015: $10,496,7162015Revenue 2016: $37,557,142Expenses 2016: $33,330,453Net Income 2016: $4,226,6892016Revenue 2017: $33,178,372Expenses 2017: $30,886,158Net Income 2017: $2,292,2142017Revenue 2018: $30,815,324Expenses 2018: $28,413,762Net Income 2018: $2,401,5622018Revenue 2019: $32,551,254Expenses 2019: $28,659,542Net Income 2019: $3,891,7122019Revenue 2020: $23,296,173Expenses 2020: $25,275,738Net Income 2020: -$1,979,5652020Revenue 2021: $18,675,614Expenses 2021: $19,537,627Net Income 2021: -$862,0132021Revenue 2022: $30,074,065Expenses 2022: $25,949,343Net Income 2022: $4,124,7222022Revenue 2023: $31,490,601Expenses 2023: $29,340,962Net Income 2023: $2,149,6392023Revenue 2024: $32,787,200Expenses 2024: $29,040,594Net Income 2024: $3,746,6062024

Highlighted filing

2024

Revenue$32,787,200
Expenses$29,040,594
Net Income$3,746,606

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$35.5$7.93$27.6$32.8$29.0$3.75
2023Summary only. Only limited summary data is available for this year.$33.5$10.6$22.9$31.5$29.3$2.15
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$33.8$13.1$20.7$30.1$25.9$4.12
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$27.5$10.9$16.6$18.7$19.5$0.86
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$29.9$12.5$17.5$23.3$25.3$1.98
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$33.7$14.3$19.4$32.6$28.7$3.89
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$30.5$14.9$15.6$30.8$28.4$2.40
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.8$16.6$13.2$33.2$30.9$2.29
2016Detailed filing. Detailed filing data is available for this year.$27.0$16.2$10.9$37.6$33.3$4.23
2015Detailed filing. Detailed filing data is available for this year.$23.3$17.7$5.64$42.9$32.4$10.5
2014Detailed filing. Detailed filing data is available for this year.$23.7$27.3$3.63$42.2$39.0$3.17
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$26.4$33.4$7.00$41.3
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.3$29.6$5.25$40.9
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$26.6$32.7$6.06$37.7
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.5$26.6$7.09$35.4
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Apr 30, 2025
Return Version
2023v6.0
Gross Receipts
$33,142,180
Mission and Program Overview

Mission

The purposes for which this corporation is formed are for scientific, educational, literary and charitable purposes within the meaning of section 501(c)(3) of the internal revenue code of 1986, as amended (hereinafter the "code"), and for the specific and exclusive purpose of the promotion of the welfare of duke university (or any of duke university's support or affiliated corporations); and to acquire, retain and operate property or properties, real or personal, tangible or intangible, to be held exclusively for the benefit or at the direction of duke university (or any of duke university's support or affiliated corporations); and to engage in any lawful act or activity for which corporations may be organized under the nonprofitcorporation act of north carolina. Duke university is a north carolina corporation which is an organization described in sections 501(c)(3) and 509(a)(1) of the code.

The organization provides educational services to corporations in support of its and duke university's mission of providing education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$7,851,617$6,775,035▼ $1,076,582
Cash and Non-Interest-Bearing Accounts$1,685,815$2,361,547▲ $675,732
Prepaid Expenses and Deferred Charges$293,358$344,127▲ $50,769
Land, Buildings, and Equipment, Net$427,261$327,149▼ $100,112
Total Assets$33,489,038$35,489,014▲ $1,999,976
Other Assets Total$23,230,987$25,681,156▲ $2,450,169
Liabilities
Other Liabilities$5,648,452$4,648,452▼ $1,000,000
Accounts Payable and Accrued Expenses$4,960,130$3,276,927▼ $1,683,203
Total Liabilities$10,608,582$7,925,379▼ $2,683,203
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$22,880,456$27,563,635▲ $4,683,179
Total Net Assets Fund Balance$22,880,456$27,563,635▲ $4,683,179
Total Liabilities and Net Assets / Fund Balance$33,489,038$35,489,014▲ $1,999,976

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$45,626$4,789,299$4,834,925
Other Land Buildings$104,698$3,001,188$3,105,886
Leasehold Improvements$176,825$717,147$893,972
Other Assets Org$220,508--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Vishal PatelPresident Global MarketsFT$471,513$49,050$520,563
Michael a Chavez JrFormer Director/CEOFT$381,015$58,859$439,874
Paul MathewsCFOFT$313,158$78,979$392,137
David WelshRegional Managing DirectorFT$296,511$74,933$371,444
Christine RobersCMOFT$235,388$43,889$279,277
Prakash RadhakeesoonManaging DirectorFT$195,063$71,738$266,801
Barbara FrickSecretary/Director of Reg. COMFT$197,920$68,252$266,172
Kevin MaughanDirector of Information TechnologyFT$178,181$63,244$241,425
Jason KulasingamManaging DirectorFT$218,750$11,634$230,384

Board Members and Trustees

NameTitle
William BouldingDirector/chairman
Alec D GallimoreDirector
Daniel G EnnisDirector
Thayanayagee ChettyDirector/CEO

Highest Paid Contractors

ContractorServicesLocationCompensation
Velosio LLCEducational ServicesPO BOX 933191, Cleveland, OH 44193$1,128,186
Neurobusiness GroupEducational ServicesONE MIFFLIN PLACE, Cambridge, MA 02138$382,034
The Cardell GroupEducational ServicesPO BOX 231, Laurel, MD 20725$278,293
Orgsmith LLCEducational Services1430 WRAGBY LANE, Apex, NC 27502$260,599
Performance Of A LifetimeEducational Services41 MADISON AVENUE 31ST FLOOR, New York, NY 10010$234,992
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$29,597,961
Investment Income
$398,382
Other Revenue
$2,790,857
Change in Net Assets
$3,746,606
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$20,000,046
Salaries, Compensation, and Employee Benefits$9,040,548
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$8,728,437--$8,728,437
Other Salaries and Wages$4,193,301$1,830,162-$6,023,463
Information Technology$1,979,412$848,319-$2,827,731
Travel$1,884,579$293,400-$2,177,979
Royalties$2,152,840--$2,152,840
Current Officers, Directors, Trustees, and Key Employees$284,282$672,138-$956,420
Advertising$495,157$449,350-$944,507
Office Expenses$765,997$141,714-$907,711
Fees for Services Accounting-$712,677-$712,677
Other Employee Benefits$495,171$212,216-$707,387
Payroll Taxes$471,108$201,903-$673,011
Occupancy$483,827$159,447-$643,274
Comp Disqual Persons$461,800--$461,800
Pension Plan Contributions$152,927$65,540-$218,467
Fees for Services Legal-$217,889-$217,889
Fees for Services Management$63,939$43,778-$107,717
Depreciation Depletion$70,361$30,155-$100,516
Insurance-$29,398-$29,398
Interest-$5,984-$5,984
All Other Expenses-$872-$872
Other Expenses$467$61,484-$467
Total Functional Expenses$22,965,232$6,075,362$0$29,040,594
International Activity

International Summary

Offices
0
Employees
0
Spending
$6,599,346

International Compliance

Activity in boycott countries
Yes
Foreign corporation ownership
Yes
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe (including Iceland & Greenland) - Albania, Andorra, Austria, BelgiumProgram ServicesCustom Corp Edu Service00$2,430,294
South Asia - Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal,Investments-00$1,967,935
East Asia and the Pacific - Australia, Brunei, Burma, Cambodia,Program ServicesCustom Corp Edu Service00$832,733
Middle East and North Africa - Algeria, Bahrain, Djibouti, Egypt,Program ServicesCustom Corp Edu Service00$592,415
Sub-saharan Africa - Angola, Benin, Botswana, Burkina Faso,Investments-00$498,930
North America - Canada and Mexico, But Not the United StatesProgram ServicesCustom Corp Edu Service00$259,871
Sub-saharan Africa - Angola, Benin, Botswana, Burkina Faso,Program ServicesCustom Corp Edu Service00$17,071
East Asia and the Pacific - Australia, Brunei, Burma, Cambodia,Investments-00$81
Europe (including Iceland & Greenland) - Albania, Andorra, Austria, BelgiumInvestments-00$16
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Party$4,648,452
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Business relationships william boulding, daniel g ennis, and alec d. Gallimore have a business relationship. All the above listed individuals are employed by duke university, and daniel g ennis and alec d. Gallimore are officers of duke university.

Form 990, Part VI, Section A, Line 7A

Members of the governing body duke corporate education's board consists of the chief academic officer of duke university, the chief business officer of duke university, the dean of the duke university fuqua school of business, the chief executive officer of duke corporate education and three additional directors, one nominated by the board of directors of duke corporate education and elected by the board of trustees of duke university, one nominated by the dean of the duke university fuqua school of business and elected by the board of trustees of duke university, and another nominated by the chief executive officer of duke corporate education and elected by the board of the trustees of duke university. A vacancy occurring in the board of directors resulting from an increase in the number of directors shall be filled by a person nominated by the board of directors and elected by the board of trustees of duke university.

Form 990, Part VI, Section B, Line 11B

Providing 990 to governing body duke corporate education's independent accountant prepared the current year tax return and this was reviewed prior to filing by duke corporate education's management and board. A copy of the final form 990 was provided to duke corporate education board of directors prior to filing.

Form 990, Part VI, Section B, Line 12C

Conflict of interest compliance duke corporate education has a written conflict of interest policy and requests all officers, directors, key employees, and board members to annually disclose any possible conflicts of interest. Any instances of possible conflict of interests are reviewed and resolved by the board. Form 990, part vi, section b, line 13: whistleblower policy duke corporate education does have a whistleblower policy, which is available on the organization's internal website. Form 990, part vi, section b, line 14: document retention and destruction duke corporate education does have a written records retention policy.

Form 990, Part VI, Section B, Line 15A

Compensation review & approval the salaries for the ceo, key employees, and officers were reviewed and approved by the board, acting as the compensation committee, with the assistance of an independent compensation consultant, utilizing a compensation survey proprietary database, and form 990 of other organizations. Form 990, part vi, section b, line 16a: joint venture duke corporate education has annual statutory audits of affiliated taxable entities in an effort to ensure that the activities of the affiliates further the duke corporate education's exempt purpose and do not jeopardize the organization's exempt status.

Form 990, Part VI, Section C, Line 18

In addition to providing the organization's form 990 upon request, the organization's form 990 is available to the public on several third party websites. While the organization does not provide the form 990 directly to these third parties, the form 990 is obtained from the internal revenue service. The third parties subsequently and independently provide access to the form 990 on their platform.

Form 990, Part VI, Section C, Line 19

Disclosure to the public duke corporate education's documents (articles of incorporation and any subsequent amendments or restatements) are available to the public on the north carolina secretary of state website. Duke corporate education makes its conflict of interest policy available to the public upon request. Duke corporate education is included in the consolidated, independently audited financial statements of duke university, which are available at https://finance.duke.edu/resources/docs.

Filing and Contact Details

Filer

Filer Name
Duke Corporate Education
EIN
42-1672476
Phone
9196805000
Address
310 BLACKWELL STREET, DURHAM, NC 27701

Signing Officer

Name
Barbara Frick
Title
Sec/Director of Reg Comp
Phone
9196805000
Signed
2025-04-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Barbara Frick
Formed
2000
Legal Domicile
Nc
Voting Board Members
4
Independent Board Members
0
Employees
61
Volunteers
0

Preparer

Firm
Kpmg Llp
Address
500 W 5TH ST STE 800, WINSTONSALEM, NC 27101
Preparer
Kavita Gada
Phone
3362753394
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Educators: program service expenses 8,728,437. Management and general expenses 0. Fundraising expenses 0. Total expenses 8,728,437.

Financial Statement Notes

Form Sch D Part VI

Land, buildings, and equipment land, buildings, and equipment are stated at cost at the date of acquisition. Buildings and equipment are depreciated using the straight-line method over the estimated useful lives of the respective assets. Depreciation (including amortization) expense for the fiscal year ended 06/30/2024 was $100,516.

Form Sch D Part X Line 2

Fasb asc 740 disclosure the following fin 48 disclosure comes from the audited financial statements of duke university, within whose financial statements the activities of duke corporate education are consolidated. Duke is a tax-exempt organization as described in section 501(c)(3) of the internal revenue code of 1986, as amended (the code). As such, duke is exempt from federal income taxes to the extent provided under section 501 of the code. As of june 30, 2024 and 2023 there were no material uncertain tax positions.

Form Sch D Part XI

Financial statements audit duke corporate education is included in the consolidated financial statement audit of duke university.

Raw XML AppendixShowing 400 of 1,840 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
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IRS990/AccountsReceivableGrp/EOYAmt06775035
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE ORGANIZATION PROVIDES EDUCATIONAL SERVICES TO CORPORATIONS IN SUPPORT OF ITS AND DUKE UNIVERSITY'S MISSION OF PROVIDING EDUCATION.
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IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1NEUROBUSINESS GROUP
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IRS990/Desc0SEE SCHEDULE ODUKE CORPORATE EDUCATION IS A GLOBAL PROVIDER OF CUSTOM CORPORATE EDUCATION SERVICES THAT HELPS ORGANIZATIONS ADDRESS THEIR BUSINESS CHALLENGES. THE ORGANIZATION WAS CREATED TO PROVIDE INTENSIVELY CUSTOMIZED CORPORATE EDUCATION SERVICES FOCUSED ON ADDRESSING BUSINESS CHALLENGES. THE ORGANIZATION'S CLIENTS TEND TO BE LARGE GLOBAL ENTERPRISES. THE ORGANIZATION HELPS ITS CLIENTS IMPLEMENT THEIR STRATEGY THROUGH DEVELOPMENT OF THEIR PEOPLE. THE ORGANIZATION FOCUSES EDUCATION ON WHAT THE CLIENT'S PEOPLE NEED TO KNOW, DO AND BELIEVE IN ORDER TO ADDRESS CURRENT OR ANTICIPATED CHALLENGES, AND ATTAIN SPECIFIC BUSINESS OBJECTIVES. THE ORGANIZATION DIFFERS FROM A TRADITIONAL BUSINESS SCHOOL OR PROFESSIONAL SERVICES FIRM IN THAT THE ORGANIZATION IS NOT DEPENDENT ON THE ORGANIZATION'S OR THE UNIVERSITY'S FACULTY. TO MEET THE BROAD RANGE OF NEEDS THE ORGANIZATION'S CLIENTS BRING TO IT, THE ORGANIZATION DRAWS ON QUALITY FACULTY FROM NUMEROUS BUSINESS SCHOOLS. THE ORGANIZATION ALSO LEVERAGES NON-FACULTY EDUCATORS SUCH AS COACHES, FACILITATORS, INDUSTRY EXPERTS, RETIRED EXECUTIVES, ACTORS AND OTHERS COMMITTED TO HIGH QUALITY CUSTOMIZED EDUCATION. THE ORGANIZATION CAN DELIVER SMALL OR VERY LARGE SCALE PROGRAMS, IN MANY ITERATIONS, IN SEVERAL LANGUAGES, COVERING A FEW TO THOUSANDS OF PARTICIPANTS, WITH COMPLEX LOGISTICAL REQUIREMENTS, ANYWHERE IN THE WORLD. THE ORGANIZATION USES ITS GLOBAL LEARNING RESOURCE NETWORK AND ITS AFFILIATIONS WITH UNIVERSITIES TO PROVIDE ITS CLIENTS A LOCAL DELIVERABLE WITH GLOBAL CONSISTENCY.
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IRS990/Form990PartVIISectionAGrp/PersonNm11KEVIN MAUGHAN
IRS990/Form990PartVIISectionAGrp/PersonNm12MICHAEL A CHAVEZ JR
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IRS990/MissionDesc0THE PURPOSES FOR WHICH THIS CORPORATION IS FORMED ARE FOR SCIENTIFIC, EDUCATIONAL, LITERARY AND CHARITABLE PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (HEREINAFTER THE "CODE"), AND FOR THE SPECIFIC AND EXCLUSIVE PURPOSE OF THE PROMOTION OF THE WELFARE OF DUKE UNIVERSITY (OR ANY OF DUKE UNIVERSITY'S SUPPORT OR AFFILIATED CORPORATIONS); AND TO ACQUIRE, RETAIN AND OPERATE PROPERTY OR PROPERTIES, REAL OR PERSONAL, TANGIBLE OR INTANGIBLE, TO BE HELD EXCLUSIVELY FOR THE BENEFIT OR AT THE DIRECTION OF DUKE UNIVERSITY (OR ANY OF DUKE UNIVERSITY'S SUPPORT OR AFFILIATED CORPORATIONS); AND TO ENGAGE IN ANY LAWFUL ACT OR ACTIVITY FOR WHICH CORPORATIONS MAY BE ORGANIZED UNDER THE NONPROFITCORPORATION ACT OF NORTH CAROLINA. DUKE UNIVERSITY IS A NORTH CAROLINA CORPORATION WHICH IS AN ORGANIZATION DESCRIBED IN SECTIONS 501(C)(3) AND 509(A)(1) OF THE CODE.
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