Civic Intelligence

Mcnc Endowment

990 • Fiscal year 2016 • EIN 58-2591748

Jul 01, 2015 to Jun 30, 2016 • Filed on Dec 01, 2016

Organization ProfileN/A
3021 E Cornwallis Rd PO Box 12889Research Triangle Park, NC 27709-2889

(919) 248-1900

Siviq Scores

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

Liabilities / Assets

3rd percentile

0.00x

Higher debt load relative to assets than 3% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2016

Liabilities / Revenue

4th percentile

0.01x

Higher debt load relative to revenue than 4% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2016

Net Margin

99th percentile

94%

Higher net margin than 99% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2016

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2016

Asset Growth

25th percentile

-2.5%

Faster asset growth than 25% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2015 to 2016

Revenue Growth

2nd percentile

-76%

Faster revenue growth than 2% of similar nonprofits.

2016 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets3rd percentile

Assets

Down

$66,238,006

Down $1,680,946 (-2.5%) from 2015

Net Assets

Down

$66,225,146

Down $1,648,958 (-2.4%) from 2015

Liabilities

Down

$12,860

Down $31,988 (-71%) from 2015

Revenue And Expenses
Liabilities / Revenue4th percentileNet Margin99th percentile

Revenue

Down

$1,219,357

Down $3,840,058 (-76%) from 2015

Expenses

Down

$68,664

Down $7,982 (-10%) from 2015

Net Income

Down

$1,150,693

Down $3,832,076 (-77%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth25th percentile

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

$150M$100M$50M$0Assets 2011: $50,097,187Liabilities 2011: $59,441Net Assets 2011: $50,037,7462011Assets 2012: $49,461,477Liabilities 2012: $4,675,856Net Assets 2012: $44,785,6212012Assets 2013: $56,027,957Liabilities 2013: $2,870,833Net Assets 2013: $53,157,1242013Assets 2014: $70,595,461Liabilities 2014: $10,393Net Assets 2014: $70,585,0682014Assets 2015: $67,918,952Liabilities 2015: $44,848Net Assets 2015: $67,874,1042015Assets 2016: $66,238,006Liabilities 2016: $12,860Net Assets 2016: $66,225,1462016Assets 2017: $91,701,777Liabilities 2017: $19,781Net Assets 2017: $91,681,9962017Assets 2018: $100,197,053Liabilities 2018: $17,432Net Assets 2018: $100,179,6212018Assets 2019: $110,244,754Liabilities 2019: $63,737Net Assets 2019: $110,181,0172019Assets 2020: $108,788,599Liabilities 2020: $12,707Net Assets 2020: $108,775,8922020Assets 2021: $149,878,939Liabilities 2021: $53,236Net Assets 2021: $149,825,7032021Assets 2022: $135,884,775Liabilities 2022: $16,658Net Assets 2022: $135,868,1172022Assets 2023: $143,356,524Liabilities 2023: $24,730Net Assets 2023: $143,331,7942023

Highlighted filing

2016

Assets$66,238,006
Liabilities$12,860
Net Assets$66,225,146
Open 2016 Filing

Operations Trend

Revenue Growth2nd percentile

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

$30M$20M$10M$0-$10MRevenue 2011: $20,087,961Expenses 2011: $222,134Net Income 2011: $19,865,8272011Revenue 2012: $1,364,353Expenses 2012: $4,670,623Net Income 2012: -$3,306,2702012Revenue 2013: $4,401,627Expenses 2013: $111,006Net Income 2013: $4,290,6212013Revenue 2014: $10,151,406Expenses 2014: $81,052Net Income 2014: $10,070,3542014Revenue 2015: $5,059,415Expenses 2015: $76,646Net Income 2015: $4,982,7692015Revenue 2016: $1,219,357Expenses 2016: $68,664Net Income 2016: $1,150,6932016Revenue 2017: $19,353,700Expenses 2017: $76,226Net Income 2017: $19,277,4742017Revenue 2018: $7,590,990Expenses 2018: $91,824Net Income 2018: $7,499,1662018Revenue 2019: $10,672,543Expenses 2019: $101,899Net Income 2019: $10,570,6442019Revenue 2020: -$625,163Expenses 2020: $169,955Net Income 2020: -$795,1182020Revenue 2021: $17,348,211Expenses 2021: $228,894Net Income 2021: $17,119,3172021Revenue 2022: $10,714,490Expenses 2022: $219,683Net Income 2022: $10,494,8072022Revenue 2023: $3,434,041Expenses 2023: $205,400Net Income 2023: $3,228,6412023

Highlighted filing

2016

Revenue$1,219,357
Expenses$68,664
Net Income$1,150,693
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Dec 1, 2016
Return Version
2015v2.1
Gross Receipts
$11,217,270
Mission and Program Overview

Mission

Mcnc endowment is organized and is to be operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of mcnc, a north carolina nonprofit corporation.

Mcnc endowment is organized and is to be operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of mcnc, an nc nonprofit corporation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$45,970,456$42,014,657▼ $3,955,799
Investments Other Securities$21,778,732$24,223,349▲ $2,444,617
Savings and Temporary Cash Investments$169,731$0▼ $169,731
Accounts Receivable$33$0▼ $33
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$67,918,952$66,238,006▼ $1,680,946
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$44,848$12,860▼ $31,988
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$44,848$12,860▼ $31,988
Net Assets / Fund Balance
Unrestricted Net Assets$67,874,104$66,225,146▼ $1,648,958
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$67,874,104$66,225,146▼ $1,648,958
Total Liabilities and Net Assets / Fund Balance$67,918,952$66,238,006▼ $1,680,946

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$23,871,423--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$67,874,104-▼ $1,580,294$40,288$66,225,146
2014$70,585,068$0▼ $2,634,318$41,302$67,874,104
2013$53,157,124$7,712,331▲ $9,796,665$39,786$70,585,068
2012$44,785,621$1,740,000▲ $6,742,509$34,790$53,157,124
2011$50,037,746-▼ $581,502$33,802$44,785,621
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleOtherTotal
Shirley JenningsAsst. Secretary$89,363$89,363

Board Members and Trustees

NameTitle
Joseph FreddosoFormer President/CEO
Jean DavisPresident & CEO
E Ward SaxDirector
Mark W YuskoDirector
Neal F TriplettDirector
Richard K BryantDirector
Terri McgaugheySecretary
Patricia L MoodyTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
None---
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$1,219,357
Other Revenue
$0
Change in Net Assets
$1,150,693

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,219,357
Revenue Not Reported on Form 990
$-2,799,651
Total Revenue per Audited Statements
$-1,580,294
Total Revenue per Form 990
$1,219,357
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$68,664
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Service Investment Mgmnt Fees$40,288--$40,288
Other Expenses-$12,979$0$12,979
Insurance-$7,552-$7,552
Fees for Services Accounting-$6,300-$6,300
Interest-$600-$600
Conferences and Meetings-$578-$578
Travel-$132-$132
Office Expenses-$104-$104
Total Functional Expenses$40,288$28,376$0$68,664

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$68,664
Total Expenses per Audited Statements$68,664
Total Expenses per Form 990$68,664
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
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

“FORM 990 REVIEW PROCESS: While the 990 was not provided to the governing body before it was filed, the audited financial statements were. It is the responsibility of the Chief Financial Officer to verify the reconciliation of the tax return to the audited financial statement prior to the tax return being filed.”

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

“MONITORING CONFLICTS OF INTEREST: MCNC Endowment's directors are required to sign a new conflict of interest policy statement annually. Subsequent review of any noted exceptions are appropriately acted upon if required.”

Form 990, Part VI - Section B, Line 15

“PROCESS FOR DETERMINING COMPENSATION: Compensation for related organization MCNC's CEO/President is derived through a multi-faceted approach. Salary survey data is collected and shared with the Board's Nominating & Governance Committee. The Nominating & Governance Committee then presents their recommendation to the Board. Upon a properly recorded board vote, a contract is then executed. For all other positions, each job is carefully studied by the Director of Human Resources and a job class assigned. Salary survey data is then collected and a salary range for the job class is determined if the class did not have a previously determined range (new job classes would be the only case where ranges are not currently available). The employee is then offered a salary within the range based on their specific skill sets and experience levels. Any officer salary beyond the CEO/President's compensation further requires Board approval.”

Form 990, Part VI - Section C, Line 19

“MAKING INFORMATION AVAILABLE TO THE PUBLIC: MCNC Endowment's Articles of Incorporation are available on-line with the NC Secretary of State's Office. All other documents are available upon written request to the Corporate Secretary.”

Filing and Contact Details

Filer

Filer Name
Mcnc Endowment
EIN
58-2591748
In Care Of
% PATRICIA L MOODY
Phone
9192481900
Address
3021 E CORNWALLIS RD PO BOX 12889, RESEARCH TRIANGLE PARK, NC 27709-2889

Signing Officer

Name
Patricia L Moody
Title
CFO/treasurer
Phone
9192481820
Signed
2016-12-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Patricia L Moody
Formed
2000
Legal Domicile
Nc
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
0

Preparer

Firm
Batchelor Tillery & Roberts Llp
Address
3605 GLENWOOD AVENUE SUITE 350, RALEIGH, NC 27612
Preparer
Ronald A Batchelor
Phone
9197878212
Supplemental Narrative

Financial Statement Notes

Part V, Line 4

“Intended uses of the organization's endowment funds: the mcnc endowment was established to be operated exclusively for the benefit of mcnc for charitable, educational and scientific objectives and for the public purpose of promoting scientific research and education to encourage the development of the electronic and information technologies industries in the state of north carolina.”

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IRS990/InvestmentsPubTradedSecGrp/EOYAmt042014657
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IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0MCNC ENDOWMENT IS ORGANIZED AND IS TO BE OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF MCNC, A NORTH CAROLINA NONPROFIT CORPORATION.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
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IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt067874104
IRS990/NetAssetsOrFundBalancesEOYAmt066225146
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-16004
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-16004
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt0-795
IRS990/NetUnrlzdGainsLossesInvstAmt0-2799651
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0104
IRS990/OfficeExpensesGrp/TotalAmt0104
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0BANK FEES
IRS990/OtherExpensesGrp/Desc1OUTSIDE SERVICES
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0131
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt112979
IRS990/OtherExpensesGrp/TotalAmt0131
IRS990/OtherExpensesGrp/TotalAmt112979
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt00
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0PATRICIA L MOODY
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt05059415
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt076646
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt04982769
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt076646
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05059415
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt01150693
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0true
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0169731
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0true
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0581406628
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd07
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0MCNC
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BoardDesignatedBalanceEOYPct01.00000
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt028376
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt067874104
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt066225146
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-1580294
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt040288
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt035344
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt070585068
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt00
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt067874104
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-2634318
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt041302
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt041266
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt053157124
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt07712331
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt070585068
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt09796665
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt039786
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt076216
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt044785621
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt01740000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt053157124
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt06742509
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt034790
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt056821
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt050037746
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt044785621
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt04580000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-581502
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt033802
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/ExpensesSubtotalAmt068664
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-2799651
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0351926
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt123871423
IRS990ScheduleD/OtherSecuritiesGrp/Desc0VENTURES II(Q), L.P.
IRS990ScheduleD/OtherSecuritiesGrp/Desc1FUNDS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/RevenueNotReportedAmt0-2799651
IRS990ScheduleD/RevenueSubtotalAmt01219357
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0INTENDED USES OF THE ORGANIZATION'S ENDOWMENT FUNDS: THE MCNC ENDOWMENT WAS ESTABLISHED TO BE OPERATED EXCLUSIVELY FOR THE BENEFIT OF MCNC FOR CHARITABLE, EDUCATIONAL AND SCIENTIFIC OBJECTIVES AND FOR THE PUBLIC PURPOSE OF PROMOTING SCIENTIFIC RESEARCH AND EDUCATION TO ENCOURAGE THE DEVELOPMENT OF THE ELECTRONIC AND INFORMATION TECHNOLOGIES INDUSTRIES IN THE STATE OF NORTH CAROLINA.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4
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IRS990ScheduleD/TotalExpensesPerForm990Amt068664
IRS990ScheduleD/TotalRevenuePerForm990Amt01219357
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0-1580294
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt068664
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$66,238,006
Liabilities
$12,860
Net assets
$66,225,146
Revenue
$1,219,357
Expenses
$68,664
Net income
$1,150,693
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$143$0.02$143$3.43$0.21$3.23
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$136$0.02$136$10.7$0.22$10.5
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$150$0.05$150$17.3$0.23$17.1
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$109$0.01$109$0.63$0.17$0.80
2019Summary only. Only limited summary data is available for this year.$110$0.06$110$10.7$0.10$10.6
2018Summary only. Only limited summary data is available for this year.$100$0.02$100$7.59$0.09$7.50
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$91.7$0.02$91.7$19.4$0.08$19.3
2016Detailed filing. Detailed filing data is available for this year.$66.2$0.01$66.2$1.22$0.07$1.15
2015Detailed filing. Detailed filing data is available for this year.$67.9$0.04$67.9$5.06$0.08$4.98
2014Detailed filing. Detailed filing data is available for this year.$70.6$0.01$70.6$10.2$0.08$10.1
2013Summary only. Only limited summary data is available for this year.$56.0$2.87$53.2$4.40$0.11$4.29
2012Summary only. Only limited summary data is available for this year.$49.5$4.68$44.8$1.36$4.67$3.31
2011Summary only. Only limited summary data is available for this year.$50.1$0.06$50.0$20.1$0.22$19.9