Dumac Inc.

“Vincent e. Price is an officer and trustee of duke university. Edward a. Gilhuly is trustee of duke university. Daniel g. Ennis was officer of duke university. Neal f. Triplett is a key employee of duke university. The following officers of dumac, inc. Are also employees of duke university: anil madhok, robert e. Mcgrail.”

“The members of the board of directors of dumac, inc. Shall be appointed by the executive committee of the duke university board of trustees and confirmed by duke university's board of trustees. Any director, other than an ex-officio director, shall be subject to removal at the discretion of executive committee of the duke university board of trustees.”

“Certain decisions of the governing body are subject to approval by the board of trustees of duke university.”

“Dumac, inc. Provides the members of the governing body with a draft of form 990 for individual review prior to filing.”

“Dumac, inc. Consistently monitors and enforces compliance with the written conflict of interest policy by collecting an annual statement of compliance from all the board members.”

“Dumac, inc. Established compensation paid by duke university to dumac, inc. Officers and others who perform services for dumac, inc. Based on information about compensation paid by similarly situated taxable or tax-exempt organizations for similar services, or current compensation surveys. A dumac, inc. Independent compensation committee reviews proposed compensation and makes recommendations to the dumac, inc. Board of directors executive committee, which provides ultimate approval.”

“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.”

“Dumac, 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.”

“Gross sales of assets other than inventory duke university (and therefore dumac, inc.) manages its investment funds in accordance with the uniform prudent management of institutional funds act of north carolina. As permitted by the act, the university (and therefore dumac, inc.) utilizes two investment pools to invest its funds and these funds operate on a total return concept.”

“Description of organization's mission supervise, administer and manage assets, funds and properties, real and personal, that are and shall be held, invested and used for the benefit or purposes of duke university, its affiliates (including the employees' retirement plan of duke university) and the duke endowment, a private foundation which under the terms of its indenture and by action of its separate board of trustees provides substantial support to duke university.”

“The organization did not meet the unrelated business gross income threshold of $1,000 during the fiscal year ended june 30, 2022. However the organization has filed form 990-t for the fiscal year ended june 30, 2022 in order to carry forward the net operating loss.”