Civic Intelligence

Durham Asset Management Company Inc

EIN 56-1757238 • 501(c)3 • Durham, NC

Profile

To provide support to duke university's programs through management/assistance/oversight of related activities.

2200 W Main Street Ste 300Durham, NC 27705

n/A

Siviq Scores

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

Liabilities / Assets

91st percentile

1.12x

Higher debt load relative to assets than 91% of similar nonprofits.

NTEE E • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

82nd percentile

0.71x

Higher debt load relative to revenue than 82% of similar nonprofits.

NTEE E • $1M-$5M nonprofits • Source year 2024

Net Margin

36th percentile

-2.2%

Higher net margin than 36% of similar nonprofits.

NTEE E • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

97th percentile

$2,055,831

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 41.4% of source-year revenue.

NTEE E • $1M-$5M nonprofits • Source year 2024

Asset Growth

4th percentile

-48%

Faster asset growth than 4% of similar nonprofits.

NTEE E • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

10th percentile

-36%

Faster revenue growth than 10% of similar nonprofits.

NTEE E • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$3,140,107

Down $2,425,053 (-44%) from 2022

Liabilities

Down

$3,522,565

Down $1,333,931 (-27%) from 2022

Net Assets

Down

-$382,458

Down $1,091,122 (-154%) from 2022

Revenue

Down

$4,970,843

Down $991,301 (-17%) from 2022

Expenses

Down

$5,081,426

Down $1,150,499 (-18%) from 2022

Net Income

Up

-$110,583

Up $159,198 (+59%) from 2022

Trend Graphs

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MAssets 2020: $6,191,875Liabilities 2020: $5,548,183Net Assets 2020: $643,6922020Assets 2021: $4,661,341Liabilities 2021: $3,682,896Net Assets 2021: $978,4452021Assets 2022: $5,565,160Liabilities 2022: $4,856,496Net Assets 2022: $708,6642022Assets 2024: $3,140,107Liabilities 2024: $3,522,565Net Assets 2024: -$382,4582024

Highlighted filing

2024

Assets$3,140,107
Liabilities$3,522,565
Net Assets-$382,458

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2020: $8,697,061Expenses 2020: $8,572,911Net Income 2020: $124,1502020Revenue 2021: $4,673,603Expenses 2021: $4,338,850Net Income 2021: $334,7532021Revenue 2022: $5,962,144Expenses 2022: $6,231,925Net Income 2022: -$269,7812022Revenue 2024: $4,970,843Expenses 2024: $5,081,426Net Income 2024: -$110,5832024

Highlighted filing

2024

Revenue$4,970,843
Expenses$5,081,426
Net Income-$110,583

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 7, 2025
Return Version
2023v6.0
Gross Receipts
$4,970,843
Mission and Program Overview

Mission

To provide support to duke university's programs through management/assistance/oversight of related activities.

See schedule o for statement of organization's mission

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$6,045,990$3,084,584▼ $2,961,406
Accounts Receivable$1,549$55,523▲ $53,974
Prepaid Expenses and Deferred Charges$16,535$0▼ $16,535
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$-271,875$-382,458▼ $110,583
Total Assets$6,064,074$3,140,107▼ $2,923,967
Liabilities
Accounts Payable and Accrued Expenses$6,335,949$3,522,565▼ $2,813,384
Total Liabilities$6,335,949$3,522,565▼ $2,813,384
Net Assets / Fund Balance
Total Net Assets Fund Balance$-271,875$-382,458▼ $110,583
Total Liabilities and Net Assets / Fund Balance$6,064,074$3,140,107▼ $2,923,967
Compensation and Service Providers

Employees

NameTitleOtherTotal
Madeline K LiddicoatVice President - Law & Biosciences$172,919$172,919
Erica ArescoVice President - Athletics$54,629$54,629

Board Members and Trustees

NameTitle
Ann BothwellDirector/president
Todd E MesibovDirector/secretary
Marcia De La TorrienteDirector/treasurer
Amanda T KelsoDirector/VP - Duke in Madrid
James Scott GibsonDirector/VP - Tanzania
Nina E KingFormer Officer
John ClementsPart Year VP - Trademark & Licensing
Revenue and Support

Revenue Composition

Contributions and Grants
$1,568,868
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$3,401,975
Change in Net Assets
$-110,583
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,879,839
Other Expenses$2,201,587
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,879,839--$2,879,839
Other Expenses$173,285--$173,285
All Other Expenses$115,126--$115,126
Travel$87,439--$87,439
Occupancy$86,321--$86,321
Office Expenses$7,744--$7,744
Total Functional Expenses$5,081,426$0$0$5,081,426
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Duke UniversityDurham, NC501(c)(3)General Support$2,879,839

International Summary

Offices
1
Employees
4
Spending
$1,527,000

International Compliance

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

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe (including Iceland & Greenland) - Albania, Andorra, Austria, BelgiumProgram ServicesStudy Abroad14$1,407,000
Sub-saharan Africa - Angola, Benin, Botswana, Burkina Faso,Program ServicesResearch00$120,000
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

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

The members of the board of directors of durham asset management company, inc. Shall be elected or appointed, and subject to removal by the board of trustees of duke university.

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

Decisions of the governing body are subject to approval by the board of trustees of duke university.

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

Durham asset management company, inc. (damco, inc.), provides the members of the governing body with a draft of the form 990 for individual review and comment prior to filing.

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

Durham asset management company, inc.'s governing documents (articles of incorporation and any subsequent amendments or restatements) are available to the public on the north carolina secretary of state website. The organization does not have a conflict of interest policy. Durham asset management company, inc. 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
Durham Asset Management Company Inc
EIN
56-1757238
Phone
9196842006
Address
2200 W MAIN STREET STE 300, DURHAM, NC 27705

Signing Officer

Name
Barbara Hough
Title
President
Phone
9196842006
Signed
2025-05-07

Organization Details

Principal Officer
Barbara Hough
Formed
1990
Legal Domicile
Nc
Voting Board Members
5
Independent Board Members
0
Employees
0
Volunteers
0
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

To provide support to duke university's programs through management/assistance/oversight of related activities.

Form 990, Part III, Line 3

Durham asset management company, inc. Board of directors approved the transfer of the following activities from durham asset management company, inc. To duke univeristy: 1. Promotion of duke university basketball and football athletic programs through radio and television broadcasts. 2. Management/assistance/oversight of duke incubation fund post award activities supporting idea-stage projects at duke university and furthering duke university's educational and research mission. Going forward, these actvities will be conducted within duke university.

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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/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR/VP - TANZANIA
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IRS990/Form990PartVIISectionAGrp/TitleTxt5VICE PRESIDENT - LAW & BIOSCIENCES
IRS990/Form990PartVIISectionAGrp/TitleTxt6VICE PRESIDENT - ATHLETICS
IRS990/Form990PartVIISectionAGrp/TitleTxt7PART YEAR VP - TRADEMARK & LICENSING
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IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt02
IRS990ScheduleA/SupportedOrganizationsTotalCnt02
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0560532129
IRS990ScheduleA/SupportedOrgInformationGrp/EIN1562070036
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd11
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd13
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt10
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt02879839
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt10
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0DUKE UNIVERSITY
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt1DUKE UNIVERSITY HEALTH SYSTEM INC
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt02879839
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt04
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt10
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt01
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt10
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt01407000
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt1120000
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt1SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO,
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0STUDY ABROAD
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt1RESEARCH
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0PROGRAM SERVICES
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt1PROGRAM SERVICES
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinuationTotalEmployeeCnt00
IRS990ScheduleF/ContinuationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd00
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SubtotalEmployeesCnt04
IRS990ScheduleF/SubtotalOfficesCnt01
IRS990ScheduleF/SubtotalSpentAmt01527000
IRS990ScheduleF/TotalEmployeeCnt04
IRS990ScheduleF/TotalOfficeCnt01
IRS990ScheduleF/TotalSpentAmt01527000
IRS990ScheduleF/TransferToForeignCorpInd00
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt02879839
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0DUKE UNIVERSITY
IRS990ScheduleI/RecipientTable/RecipientEIN0560532129
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt02200 W MAIN STREET STE 300
IRS990ScheduleI/RecipientTable/USAddress/CityNm0DURHAM
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NC
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd027705
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0FMV
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0DURHAM ASSET MANAGEMENT COMPANY, INC. IS A SUPPORTING ORGANIZATION TO DUKE UNIVERSITY. IN FURTHERANCE OF ITS SUPPORT TO DUKE UNIVERSITY, DURHAM ASSET MANAGEMENT COMPANY, INC. GRANTS FUNDING TO DUKE UNIVERSITY. THE BOARD OF DIRECTORS FOR DURHAM ASSET MANAGEMENT COMPANY, INC. REVIEWS THE FINANCIAL INFORMATION AND APPROVES TO GRANT FUNDS TO DUKE UNIVERSITY DURING THE BOARD MEETING.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt50
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt60
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount50
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount60
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt0630701
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt1301066
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt37200
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt43500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt56000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt60
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0874244
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1543885
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2302091
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt3206876
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt4158068
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt5146130
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt6157716
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt50
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt60
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt50
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt60

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