Civic Intelligence

Research Triangle Regional Partnership

990 • Fiscal year 2020 • EIN 56-1720732

Jul 01, 2019 to Jun 30, 2020 • Filed on May 09, 2021

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

69th percentile

0.22x

Higher debt load relative to assets than 69% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

57th percentile

0.13x

Higher debt load relative to revenue than 57% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Net Margin

23rd percentile

-5.8%

Higher net margin than 23% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

90th percentile

$169,521

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 22.1% of source-year revenue.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Asset Growth

47th percentile

4.9%

Faster asset growth than 47% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

23rd percentile

-27%

Faster revenue growth than 23% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Up

$465,060

Up $21,553 (+4.9%) from 2019

Net Assets

Down

$362,547

Down $44,403 (-11%) from 2019

Liabilities

Up

$102,513

Up $65,956 (+180%) from 2019

Revenue

Down

$768,540

Down $281,783 (-27%) from 2019

Expenses

Down

$812,943

Down $203,737 (-20%) from 2019

Net Income

Down

-$44,403

Down $78,046 (-232%) from 2019

Historical Trend

Balance Sheet Trend

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

2020

Assets$465,060
Liabilities$102,513
Net Assets$362,547

Operations Trend

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

2020

Revenue$768,540
Expenses$812,943
Net Income-$44,403
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 9, 2021
Return Version
2019v5.2
Gross Receipts
$768,540
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$265,441$355,844▲ $90,403
Accounts Receivable$168,281$95,313▼ $72,968
Prepaid Expenses and Deferred Charges$8,736$13,555▲ $4,819
Land, Buildings, and Equipment, Net$922$261▼ $661
Intangible Assets$127$87▼ $40
Total Assets$443,507$465,060▲ $21,553
Liabilities
Deferred Revenue-$80,250-
Accounts Payable and Accrued Expenses$36,557$22,263▼ $14,294
Total Liabilities$36,557$102,513▲ $65,956
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$406,950$362,547▼ $44,403
Total Net Assets Fund Balance$406,950$362,547▼ $44,403
Total Liabilities and Net Assets / Fund Balance$443,507$465,060▲ $21,553

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$261$76,599$76,860
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ryan CombsExecutive DirectorFT$153,050$16,471$169,521

Board Members and Trustees

NameTitle
Jim HansenChair Elect
Keith BurnsChairman
John KaneImmediate Past Chair
John AtkinsPast Chair
Adrienne ColeBoard of Directors
Alyssa ByrdBoard of Directors
Angie C StewartBoard of Directors
Beth Tyner JonesBoard of Directors
Brady MartinBoard of Directors
Caroline WelchBoard of Directors
Chris BellBoard of Directors
Chris JohnsonBoard of Directors
Derek ChenBoard of Directors
Don MccorquodaleBoard of Directors
Donnie OldhamBoard of Directors
Dr Lisa ChapmanBoard of Directors
Farad AliBoard of Directors
Francis WinstonBoard of Directors
Fred KellerBoard of Directors
Gary RackliffeBoard of Directors
Geoff DurhamBoard of Directors
Gordon PowellBoard of Directors
Harry MillsBoard of Directors
Howard PennyBoard 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
Kari StoltzBoard of Directors
Kevin DoughertyBoard of Directors
Kirk BradleyBoard of Directors
Lisa SchillerBoard of Directors
Mark CarltonBoard of Directors
Maurice YorkBoard 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
Molly DemarestBoard 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
$0
Program Service Revenue
$726,553
Investment Income
$0
Other Revenue
$41,987
Change in Net Assets
$-44,403
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$413,402
Salaries, Compensation, and Employee Benefits$399,541
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$182,898
Other Salaries and Wages---$154,810
Advertising---$101,679
Occupancy---$81,217
Fees for Services Other---$32,313
Pension Plan Contributions---$26,413
Payroll Taxes---$24,930
Information Technology---$22,776
Fees for Services Accounting---$16,700
Other Employee Benefits---$10,490
Office Expenses---$6,611
Insurance---$6,200
Travel---$3,660
Depreciation Depletion---$702
Other Expenses---$189
Total Functional Expenses$0$0$0$812,943
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 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
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
2021-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ryan Combs
Formed
1990
Legal Domicile
Nc
Voting Board Members
51
Independent Board Members
51
Employees
12
Volunteers
51

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 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, 2020 and 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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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/PersonNm32SHERRY WILBORN
IRS990/Form990PartVIISectionAGrp/PersonNm33GORDON POWELL
IRS990/Form990PartVIISectionAGrp/PersonNm34PHILLIP ALLEN
IRS990/Form990PartVIISectionAGrp/PersonNm35JAMES F GOODMON JR
IRS990/Form990PartVIISectionAGrp/PersonNm36ADRIENNE COLE
IRS990/Form990PartVIISectionAGrp/PersonNm37KARI STOLTZ
IRS990/Form990PartVIISectionAGrp/PersonNm38MIKE READY
IRS990/Form990PartVIISectionAGrp/PersonNm39BETH TYNER JONES
IRS990/Form990PartVIISectionAGrp/PersonNm40DON MCCORQUODALE
IRS990/Form990PartVIISectionAGrp/PersonNm41LISA SCHILLER
IRS990/Form990PartVIISectionAGrp/PersonNm42STACY WOODHOUSE
IRS990/Form990PartVIISectionAGrp/PersonNm43BRADY MARTIN
IRS990/Form990PartVIISectionAGrp/PersonNm44JENNIFER LANTZ
IRS990/Form990PartVIISectionAGrp/PersonNm45WILL FARRIS
IRS990/Form990PartVIISectionAGrp/PersonNm46JACK WIGGINS
IRS990/Form990PartVIISectionAGrp/PersonNm47GARY RACKLIFFE
IRS990/Form990PartVIISectionAGrp/PersonNm48MARK CARLTON
IRS990/Form990PartVIISectionAGrp/PersonNm49DEREK CHEN
IRS990/Form990PartVIISectionAGrp/PersonNm50JIMMY BARNES
IRS990/Form990PartVIISectionAGrp/PersonNm51RYAN COMBS
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt270
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt280
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt290
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt300
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt330
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt350
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt450
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt480
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt410
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt420
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt430
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt440
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt450
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt460
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt470
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt480
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt490
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt500
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt510
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1IMMEDIATE PAST CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt4CHAIR ELECT
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt9PAST CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD OF DIRECTORS

Document Assets

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Filings

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