Civic Intelligence

Mcnc Endowment

990 • Fiscal year 2018 • EIN 58-2591748

Jul 01, 2017 to Jun 30, 2018 • Filed on Nov 28, 2018

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

(919) 248-1900

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Flat

$100,197,053

Flat from 2018

Net Assets

Flat

$100,179,621

Flat from 2018

Liabilities

Flat

$17,432

Flat from 2018

Revenue And Expenses

Revenue

Flat

$7,590,990

Flat from 2018

Expenses

Flat

$91,824

Flat from 2018

Net Income

Flat

$7,499,166

Flat from 2018

Historical Trend

Balance Sheet Trend

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 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

2018

Assets$100,197,053
Liabilities$17,432
Net Assets$100,179,621
Open 2018 Filing

Operations Trend

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 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

2018

Revenue$7,590,990
Expenses$91,824
Net Income$7,499,166
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Nov 28, 2018
Return Version
2017v2.3
Gross Receipts
$22,377,759
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, an nc nonprofit corporation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$65,636,943$72,129,316▲ $6,492,373
Investments Other Securities$26,064,834$28,067,737▲ $2,002,903
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$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$0→ $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$91,701,777$100,197,053▲ $8,495,276
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$19,781$17,432▼ $2,349
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$19,781$17,432▼ $2,349
Net Assets / Fund Balance
Unrestricted Net Assets$91,681,996$100,179,621▲ $8,497,625
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$91,681,996$100,179,621▲ $8,497,625
Total Liabilities and Net Assets / Fund Balance$91,701,777$100,197,053▲ $8,495,276

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$28,067,737--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$91,681,996$4,594,173▲ $3,995,276$54,051$100,179,621
2016$66,225,146$17,454,305▲ $8,078,771$43,210$91,681,996
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
Compensation and Service Providers

Employees

NameTitleOtherTotal
Terri McgaugheySecretary$106,667$106,667
Shirley JenningsAsst. Secretary$98,849$98,849
John Sean DoyleSecretary$24,816$24,816

Board Members and Trustees

NameTitle
Neal F TriplettChair
Jean DavisPresident & CEO
Cynthia FrostDirector
E Ward SaxDirector
Mark W YuskoDirector
Sara K MorganDirector
Patricia L MoodyTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
None---
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$2,996,817
Other Revenue
$4,594,173
Change in Net Assets
$7,499,166

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,590,990
Revenue Not Reported on Form 990
$998,459
Total Revenue per Audited Statements
$8,589,449
Total Revenue per Form 990
$7,590,990
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$91,824
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$54,051--$54,051
Other Expenses-$17,383$0$17,383
Insurance-$7,553-$7,553
Fees for Services Accounting-$6,481-$6,481
Interest-$5,725-$5,725
Conferences and Meetings-$429-$429
Office Expenses-$202-$202
Total Functional Expenses$54,051$37,773$0$91,824

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$91,824
Total Expenses per Audited Statements$91,824
Total Expenses per Form 990$91,824
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
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
2018-11-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Patricia L Moody
Formed
2000
Legal Domicile
Nc
Voting Board Members
6
Independent Board Members
6
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/EOYAmt072129316
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LegalDomicileStateCd0NC
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt014786769
IRS990/LoanOutstandingInd0false
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
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
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt091681996
IRS990/NetAssetsOrFundBalancesEOYAmt0100179621
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0477456
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0477456
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt01993
IRS990/NetUnrlzdGainsLossesInvstAmt0998459
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0202
IRS990/OfficeExpensesGrp/TotalAmt0202
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0OUTSIDE SERVICES
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt017383
IRS990/OtherExpensesGrp/TotalAmt017383
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0TRANSFERS FROM MCNC
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt04594173
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt04594173
IRS990/OtherRevenueTotalAmt04594173
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/PYInvestmentIncomeAmt01899395
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt076226
IRS990/PYOtherRevenueAmt017454305
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt019277474
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt076226
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt019353700
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt07499166
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/BOYAmt00
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/AdministrativeExpensesAmt037773
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt091681996
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt04594173
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0100179621
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt03995276
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt054051
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt033016
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt066225146
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt017454305
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt091681996
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt08078771
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt043210
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt028376
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt067874104
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt066225146
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-1580294
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt040288
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt035344
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt070585068
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt00
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt067874104
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-2634318
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt041302
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt041266
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt053157124
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt07712331
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt070585068
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt09796665
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt039786
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/ExpensesSubtotalAmt091824
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0998459
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt028067737
IRS990ScheduleD/OtherSecuritiesGrp/Desc0FUNDS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/RevenueNotReportedAmt0998459
IRS990ScheduleD/RevenueSubtotalAmt07590990
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
IRS990ScheduleD/TotalBookValueSecuritiesAmt028067737
IRS990ScheduleD/TotalExpensesPerForm990Amt091824
IRS990ScheduleD/TotalRevenuePerForm990Amt07590990
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt08589449
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt091824
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$100,197,053
Liabilities
$17,432
Net assets
$100,179,621
Revenue
$7,590,990
Expenses
$91,824
Net income
$7,499,166
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
2018Detailed filing. Detailed filing data is available for this year.$100$0.02$100$7.59$0.09$7.50
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
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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