Civic Intelligence

Research Triangle Regional Partnership

990 • Fiscal year 2019 • EIN 56-1720732

Jul 01, 2018 to Jun 30, 2019 • Filed on Sep 08, 2020

Organization ProfileWWW.RESEARCHTRIANGLE.ORG

View Organization Page

2626 Glenwood Ave Ste 170 No 340Raleigh, NC 27608-1363

(919) 840-7372

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

36th percentile

0.08x

Higher debt load relative to assets than 36% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

24th percentile

0.03x

Higher debt load relative to revenue than 24% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Net Margin

48th percentile

3.2%

Higher net margin than 48% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

60th percentile

$167,106

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 15.9% of source-year revenue.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2019

Asset Growth

3rd percentile

-27%

Faster asset growth than 3% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

4th percentile

-27%

Faster revenue growth than 4% of similar nonprofits.

2019 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets36th percentile

Assets

Down

$443,507

Down $161,856 (-27%) from 2018

Net Assets

Down

$406,950

Down $145,980 (-26%) from 2018

Liabilities

Down

$36,557

Down $15,876 (-30%) from 2018

Revenue And Expenses
Liabilities / Revenue24th percentileNet Margin48th percentile

Revenue

Down

$1,050,323

Down $387,503 (-27%) from 2018

Expenses

Down

$1,016,680

Down $241,654 (-19%) from 2018

Net Income

Down

$33,643

Down $145,849 (-81%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth3rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0Assets 2010: $557,608Liabilities 2010: $152,394Net Assets 2010: $405,2142010Assets 2011: $510,159Liabilities 2011: $109,194Net Assets 2011: $400,9652011Assets 2012: $401,037Liabilities 2012: $92,412Net Assets 2012: $308,6252012Assets 2013: $545,734Liabilities 2013: $163,550Net Assets 2013: $382,1842013Assets 2014: $511,754Liabilities 2014: $112,497Net Assets 2014: $399,2572014Assets 2015: $493,322Liabilities 2015: $186,260Net Assets 2015: $307,0622015Assets 2016: $379,162Liabilities 2016: $256,902Net Assets 2016: $122,2602016Assets 2017: $465,870Liabilities 2017: $92,432Net Assets 2017: $373,4382017Assets 2018: $605,363Liabilities 2018: $52,433Net Assets 2018: $552,9302018Assets 2019: $443,507Liabilities 2019: $36,557Net Assets 2019: $406,9502019Assets 2020: $465,060Liabilities 2020: $102,513Net Assets 2020: $362,5472020Assets 2021: $381,360Liabilities 2021: $64,966Net Assets 2021: $316,3942021Assets 2022: $513,999Liabilities 2022: $115,280Net Assets 2022: $398,7192022Assets 2023: $553,824Liabilities 2023: $167,764Net Assets 2023: $386,0602023Assets 2024: $618,940Liabilities 2024: $183,827Net Assets 2024: $435,1132024Assets 2025: $604,107Liabilities 2025: $165,516Net Assets 2025: $438,5912025

Highlighted filing

2019

Assets$443,507
Liabilities$36,557
Net Assets$406,950
Open 2019 Filing

Operations Trend

Revenue Growth4th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $1,554,3902010Expenses 2011: $1,448,2912011Expenses 2012: $1,469,1732012Revenue 2013: $1,675,454Expenses 2013: $1,601,895Net Income 2013: $73,5592013Revenue 2014: $1,628,095Expenses 2014: $1,611,022Net Income 2014: $17,0732014Revenue 2015: $1,572,450Expenses 2015: $1,664,645Net Income 2015: -$92,1952015Revenue 2016: $1,549,168Expenses 2016: $1,734,970Net Income 2016: -$185,8022016Revenue 2017: $1,285,905Expenses 2017: $1,034,728Net Income 2017: $251,1772017Revenue 2018: $1,437,826Expenses 2018: $1,258,334Net Income 2018: $179,4922018Revenue 2019: $1,050,323Expenses 2019: $1,016,680Net Income 2019: $33,6432019Revenue 2020: $768,540Expenses 2020: $812,943Net Income 2020: -$44,4032020Revenue 2021: $824,004Expenses 2021: $870,157Net Income 2021: -$46,1532021Revenue 2022: $1,034,416Expenses 2022: $952,091Net Income 2022: $82,3252022Revenue 2023: $1,050,990Expenses 2023: $1,063,649Net Income 2023: -$12,6592023Revenue 2024: $1,216,038Expenses 2024: $1,166,985Net Income 2024: $49,0532024Revenue 2025: $1,180,851Expenses 2025: $1,177,373Net Income 2025: $3,4782025

Highlighted filing

2019

Revenue$1,050,323
Expenses$1,016,680
Net Income$33,643
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Sep 8, 2020
Return Version
2018v3.2
Gross Receipts
$1,050,323
Mission and Program Overview

Mission

The research triangle regional partnership is an association of area economic development agencies dedicated to keeping the research triangle region economically strong by collectively marketing the region's competitive advantages and providing support to and facilitating collaboration among its member institutions and a wide range of partners.

To promote economic development of the research triangle region.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$480,770$265,441▼ $215,329
Accounts Receivable$120,094$168,281▲ $48,187
Prepaid Expenses and Deferred Charges$2,608$8,736▲ $6,128
Land, Buildings, and Equipment, Net$1,724$922▼ $802
Intangible Assets$167$127▼ $40
Total Assets$605,363$443,507▼ $161,856
Liabilities
Accounts Payable and Accrued Expenses$52,433$36,557▼ $15,876
Total Liabilities$52,433$36,557▼ $15,876
Net Assets / Fund Balance
Unrestricted Net Assets$552,930$406,950▼ $145,980
Total Net Assets Fund Balance$552,930$406,950▼ $145,980
Total Liabilities and Net Assets / Fund Balance$605,363$443,507▼ $161,856

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$922$75,938$76,860
Compensation and Service Providers
Top Officer Pay60th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ryan CombsExecutive DirectorFT$144,474$22,632$167,106

Board Members and Trustees

NameTitle
Jim HansenChair Elect
Keith BurnsChairman
John AtkinsPast Chair
Adrienne ColeBoard of Directors
Alyssa ByrdBoard of Directors
Beth Tyler JonesBoard of Directors
Brady MartinBoard of Directors
Chris BellBoard of Directors
Chris JohnsonBoard of Directors
Dave HamiltonBoard of Directors
David CurrinBoard of Directors
Derek ChenBoard of Directors
Don MccorquodaleBoard of Directors
Donnie OldhamBoard of Directors
Doug SpeightBoard of Directors
Farad AliBoard of Directors
Fred KellerBoard of Directors
Gary RackliffeBoard of Directors
Geoff DurhamBoard of Directors
Gordon PowellBoard of Directors
Gregory a WinklerBoard of Directors
Harry MillsBoard of Directors
Indira M EverettBoard of Directors
Jack WigginsBoard of Directors
James F Goodmon JrBoard of Directors
James H Sills IiiBoard of Directors
Jay GibsonBoard of Directors
Jennifer LantzBoard of Directors
Jessica BrockBoard of Directors
Jimmy BarnesBoard of Directors
John KaneBoard of Directors
Kari StoltzBoard of Directors
Kevin DoughertyBoard of Directors
Kirk BradleyBoard of Directors
Lisa SchillerBoard of Directors
Mark CarltonBoard of Directors
Mayor Cheryl OliverBoard of Directors
Michael LandguthBoard of Directors
Mike DonoghueBoard of Directors
Mike ElderBoard of Directors
Mike ReadyBoard of Directors
Mike SmithBoard of Directors
Phillip AllenBoard of Directors
Richie DuncanBoard of Directors
Scott LevitanBoard of Directors
Sherry WilbornBoard of Directors
Stacy WoodhouseBoard of Directors
Walter PettyBoard of Directors
Will FarrisBoard of Directors
Revenue and Support

Revenue Composition

Contributions and Grants
$981,152
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$69,171
All Other Contributions
$981,152
Change in Net Assets
$33,643
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$598,892
Salaries, Compensation, and Employee Benefits$417,788
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$196,154
Current Officers, Directors, Trustees, and Key Employees---$176,507
Advertising---$119,856
Occupancy---$114,652
Information Technology---$27,588
Payroll Taxes---$26,807
Fees for Services Other---$20,275
Fees for Services Accounting---$16,100
Pension Plan Contributions---$11,074
Office Expenses---$9,015
Other Employee Benefits---$7,246
Insurance---$5,688
Other Expenses---$5,000
Travel---$3,502
Depreciation Depletion---$842
All Other Expenses---$429
Total Functional Expenses$0$0$0$1,016,680
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
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 B, Line 11B

“A copy of form 990 is made available to the board for review prior to being filed.”

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

“Board and staff members attend an orientation where they review and sign acknowledgements of the conflict of interest policy. If a conflict of interest arises, the individual with the conflict will recuse themselves from voting in any matter pertaining to the conflict.”

Form 990, Part VI, Section B, Line 15

“The compensation committee is made up of the past chairman, chair elect, and current chair, all of which review and approve the compensation of the officers and executive director.”

Form 990, Part VI, Section C, Line 19

“Documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Research Triangle Regional Partnership
EIN
56-1720732
Phone
9198407372
Address
2626 GLENWOOD AVE STE 170 NO 340, RALEIGH, NC 27608-1363

Signing Officer

Name
Ryan Combs
Title
Executive Director
Phone
9198407372
Signed
2020-09-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ryan Combs
Formed
1990
Legal Domicile
Nc
Voting Board Members
49
Independent Board Members
49
Employees
9
Volunteers
49

Preparer

Firm
Thomas Judy & Tucker Pa
Address
300 WEST MORGAN STREET SUITE 1450, DURHAM, NC 27701
Preparer
Kristen Hoyle CPA
Phone
9195717055
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Transfer to research triangle cleantech cluster -179,623.”

Form 990, Part XII Ln 2C

“The process has not changed from prior year.”

Financial Statement Notes

PART X, LINE 2:

“The partnership is exempt from income taxes as a nonprofit organization under section 501(c)(6) of the internal revenue code. Accounting principles generally accepted in the united states of america ("u.s. Gaap") require management to evaluate tax positions taken by the organization and recognize a tax liability (or asset) if the organization has taken an uncertain tax position that more likely than not would be sustained upon examination by the applicable authorities. Management has analyzed the tax positions taken by the organization, and has concluded that as of june 30, 2019, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the combined financial statements. The organization is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.”

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

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IRS990/Desc0THE RESEARCH TRIANGLE REGIONAL PARTNERSHIP (RTRP) LEADS ECONOMIC DEVELOPMENT FOR THE RESEARCH TRIANGLE REGION OF NORTH CAROLINA. RTRP WORKS TO GENERATE COMPETITIVE ADVANTAGE AND ECONOMIC GROWTH FOR MEMBER COUNTIES AND INVESTORS. MEMBER COUNTIES INCLUDE: CHATHAM, DURHAM, FRANKLIN, GRANVILLE, HARNETT, JOHNSTON, LEE, PERSON, WAKE, WARREN AND WILSON.
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IRS990/Form990PartVIISectionAGrp/PersonNm13CHRIS JOHNSON
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IRS990/Form990PartVIISectionAGrp/PersonNm15GORDON POWELL
IRS990/Form990PartVIISectionAGrp/PersonNm16MICHAEL LANDGUTH
IRS990/Form990PartVIISectionAGrp/PersonNm17JAMES F GOODMON JR
IRS990/Form990PartVIISectionAGrp/PersonNm18DON MCCORQUODALE
IRS990/Form990PartVIISectionAGrp/PersonNm19KARI STOLTZ
IRS990/Form990PartVIISectionAGrp/PersonNm20GREGORY A WINKLER
IRS990/Form990PartVIISectionAGrp/PersonNm21BRADY MARTIN
IRS990/Form990PartVIISectionAGrp/PersonNm22WILL FARRIS
IRS990/Form990PartVIISectionAGrp/PersonNm23JENNIFER LANTZ
IRS990/Form990PartVIISectionAGrp/PersonNm24JACK WIGGINS
IRS990/Form990PartVIISectionAGrp/PersonNm25SCOTT LEVITAN
IRS990/Form990PartVIISectionAGrp/PersonNm26INDIRA M EVERETT
IRS990/Form990PartVIISectionAGrp/PersonNm27MIKE ELDER
IRS990/Form990PartVIISectionAGrp/PersonNm28KEVIN DOUGHERTY
IRS990/Form990PartVIISectionAGrp/PersonNm29MAYOR CHERYL OLIVER
IRS990/Form990PartVIISectionAGrp/PersonNm30STACY WOODHOUSE
IRS990/Form990PartVIISectionAGrp/PersonNm31GARY RACKLIFFE
IRS990/Form990PartVIISectionAGrp/PersonNm32MIKE SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm33ALYSSA BYRD
IRS990/Form990PartVIISectionAGrp/PersonNm34CHRIS BELL
IRS990/Form990PartVIISectionAGrp/PersonNm35JESSICA BROCK
IRS990/Form990PartVIISectionAGrp/PersonNm36DOUG SPEIGHT
IRS990/Form990PartVIISectionAGrp/PersonNm37DAVE HAMILTON
IRS990/Form990PartVIISectionAGrp/PersonNm38JAMES H SILLS III
IRS990/Form990PartVIISectionAGrp/PersonNm39KIRK BRADLEY
IRS990/Form990PartVIISectionAGrp/PersonNm40SHERRY WILBORN
IRS990/Form990PartVIISectionAGrp/PersonNm41PHILLIP ALLEN
IRS990/Form990PartVIISectionAGrp/PersonNm42ADRIENNE COLE
IRS990/Form990PartVIISectionAGrp/PersonNm43MIKE READY
IRS990/Form990PartVIISectionAGrp/PersonNm44BETH TYLER JONES
IRS990/Form990PartVIISectionAGrp/PersonNm45LISA SCHILLER
IRS990/Form990PartVIISectionAGrp/PersonNm46MARK CARLTON
IRS990/Form990PartVIISectionAGrp/PersonNm47DEREK CHEN
IRS990/Form990PartVIISectionAGrp/PersonNm48JIMMY BARNES
IRS990/Form990PartVIISectionAGrp/PersonNm49RYAN COMBS
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt490
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHAIR ELECT
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt6PAST CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt19BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt20BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt21BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt22BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt23BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt24BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt25BOARD OF DIRECTORS

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$443,507
Liabilities
$36,557
Net assets
$406,950
Revenue
$1,050,323
Expenses
$1,016,680
Net income
$33,643
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.60$0.17$0.44$1.18$1.18$0.00
2024Detailed filing. Detailed filing data is available for this year.$0.62$0.18$0.44$1.22$1.17$0.05
2023Detailed filing. Detailed filing data is available for this year.$0.55$0.17$0.39$1.05$1.06$0.01
2022Detailed filing. Detailed filing data is available for this year.$0.51$0.12$0.40$1.03$0.95$0.08
2021Detailed filing. Detailed filing data is available for this year.$0.38$0.06$0.32$0.82$0.87$0.05
2020Detailed filing. Detailed filing data is available for this year.$0.47$0.10$0.36$0.77$0.81$0.04
2019Detailed filing. Detailed filing data is available for this year.$0.44$0.04$0.41$1.05$1.02$0.03
2018Detailed filing. Detailed filing data is available for this year.$0.61$0.05$0.55$1.44$1.26$0.18
2017Detailed filing. Detailed filing data is available for this year.$0.47$0.09$0.37$1.29$1.03$0.25
2016Detailed filing. Detailed filing data is available for this year.$0.38$0.26$0.12$1.55$1.73$0.19
2015Detailed filing. Detailed filing data is available for this year.$0.49$0.19$0.31$1.57$1.66$0.09
2014Detailed filing. Detailed filing data is available for this year.$0.51$0.11$0.40$1.63$1.61$0.02
2013Summary only. Only limited summary data is available for this year.$0.55$0.16$0.38$1.68$1.60$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.40$0.09$0.31$1.47
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.51$0.11$0.40$1.45
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.56$0.15$0.41$1.55