NORTH CAROLINA BIOTECHNOLOGY CENTER Charity Report

Public IRS 990 nonprofit record

NORTH CAROLINA BIOTECHNOLOGY CENTER

EIN 56-1434024 · Science & Technology (U500)

What they do

THE NORTH CAROLINA BIOTECHNOLOGY CENTER AIDS THE BIOTECHNOLOGY-RELATED EFFORTS of RESEARCHERS, BUSINESSES, STATE and FEDERAL GOVERNMENTS, and OTHER AGENCIES PRIMARILY THROUGH AWARDS of GRANTS and LOANS RELATED to SPECIFIC PROGRAMS and OTHER SERVICES to GROW [OR ADVANCE] THE INDUSTRY IN NORTH CAROLINA.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $84.10 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders48 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

89.59%of revenue went to mission work84.1% of expenses · Program services

$106.53spent for every $100 of revenueSpending was higher than revenue this year.

16.93%of revenue went to management and office costs15.9% of expenses

$1.88in assets for every $1 spent this yearSome assets cannot be spent right away.

82.4%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $1,373,611 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $446,727 for DOUG EDGETON (ASSISTANT SECRETARY). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$21,049,562

Mission workProgram services$18,858,69489.59% of revenue84.1% of expenses

ManagementOffice and general costs$3,564,47916.93% of revenue15.9% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Total expenses$22,423,173106.53% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 84.1% mission · 15.9% management · 0.0% fundraisingTotal expenses: 106.53% of revenue

2023Expense mix: 84.6% mission · 15.4% management · 0.0% fundraisingTotal expenses: 103.94% of revenue

2022Expense mix: 83.2% mission · 16.8% management · 0.0% fundraisingTotal expenses: 84.62% of revenue

2021Expense mix: 83.0% mission · 17.0% management · 0.0% fundraisingTotal expenses: 82.19% of revenue

2020Expense mix: 83.0% mission · 17.0% management · 0.0% fundraisingTotal expenses: 99.52% of revenue

2019Expense mix: 82.9% mission · 17.1% management · 0.0% fundraisingTotal expenses: 116.55% of revenue

2018Expense mix: 87.0% mission · 13.0% management · 0.0% fundraisingTotal expenses: 114.96% of revenue

2017Expense mix: 81.4% mission · 18.6% management · 0.0% fundraisingTotal expenses: 98.73% of revenue

Money in and money out

Revenue$21,049,562

Expenses$22,423,173

Annual shortfall $1,373,611 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$18,858,694 · 84.1% of expenses

Management and office costs$3,564,479 · 15.9% of expenses

See all reported dollar amounts

Revenue$21,049,562

Expenses$22,423,173

Assets$42,239,901

Income$21,637,106

Contributions$17,346,311

Mission work (program services)$18,858,694

Grants given$36,819,096

Average grant$177,870

Management and general$3,564,479

Stocks and bonds$5,815,152

Accounting fees$62,209

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

DOUG EDGETONASSISTANT SECRETARY · 40 hrs/week $446,727Base $356,189 · Other $90,538

WILLIAM BULLOCKSR. VP, STATEWIDE OPERATIONS · 40 hrs/week $266,246Base $207,477 · Other $58,769

MARY BETH THOMASSR. VP, SCIENCE AND BUSINESS · 40 hrs/week $266,246Base $207,477 · Other $58,769

MARK PHILLIPSVP, STATEWIDE OPERATIONS · 40 hrs/week $220,035Base $169,625 · Other $50,410

ROBERT LINDBERGVP, SCIENCE & TECHONOLGY DEVELOPMENT · 40 hrs/week $218,703Base $168,551 · Other $50,152

LAURA ROWLEYVP, LIFE SCIENCE ECON DEV · 40 hrs/week $208,716Base $161,447 · Other $47,269

JOSEPH HENDERSONVP, TALENT & CULTURE DEV · 40 hrs/week $208,058Base $160,854 · Other $47,204

MARY HECKT-KISSELLVP, CORPORATE COMMUNICATIONS · 40 hrs/week $207,816Base $160,657 · Other $47,159

JAMES BULLOCKVP FINANCE, ASSISTANT TREASURER · 40 hrs/week $197,473Base $160,771 · Other $36,702

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (48)

DOUG EDGETONASSISTANT SECRETARY

WILLIAM BULLOCKSR. VP, STATEWIDE OPERATIONS

MARY BETH THOMASSR. VP, SCIENCE AND BUSINESS

MARK PHILLIPSVP, STATEWIDE OPERATIONS

ROBERT LINDBERGVP, SCIENCE & TECHONOLGY DEVELOPMENT

LAURA ROWLEYVP, LIFE SCIENCE ECON DEV

JOSEPH HENDERSONVP, TALENT & CULTURE DEV

MARY HECKT-KISSELLVP, CORPORATE COMMUNICATIONS

JAMES BULLOCKVP FINANCE, ASSISTANT TREASURER

MICHELLE LOGANDIRECTOR

NEAL FOWLERDIRECTOR

MICHELLE GRAINGERDIRECTOR

PENNY GORDON-LARSENDIRECTOR

PEYTON ANDERSONSECRETARY

REBECCA ALEXANDERDIRECTOR

MICHELLE BERREYDIRECTOR

SANTO COSTADIRECTOR

WILLIAM HAWKINS IIIDIRECTOR

SHARON PAYNTERDIRECTOR

SHAYLAH NUNN JONESDIRECTOR

SHEILA MIKHAILDIRECTOR

SOMNATH MUKHOPADHYAYDIRECTOR (STARTING 5/24)

STEVE LOMMELDIRECTOR

STEVE TROXLERDIRECTOR

THOMAS WALKERDIRECTOR

TIM MINORDIRECTOR

UNDI HOFFLERDIRECTOR

ADAM MONROEDIRECTOR

JOHN LOYACKDIRECTOR

ARTHUR PAPPASDIRECTOR

ASWANI VOLETYDIRECTOR

BEN TEAGUEDIRECTOR

BENJAMIN YERXADIRECTOR

BHASKAR VENEPALLIDIRECTOR

BRAD WILSONDIRECTOR

DAN JANIESDIRECTOR

JAMES DATINVICE CHAIR AND TREASURER

JENNIFER LODGEDIRECTOR

MICHAEL TANNERDIRECTOR

JOHN RABBYDIRECTOR

JOHN ANTHONY ATALADIRECTOR

JOHN ATKINS IIIDIRECTOR

JOY PARR DRACHDIRECTOR

KAREN LEVERTDIRECTOR

KELLY FULLERDIRECTOR

MACHELLE BAKER SANDERSDIRECTOR

MEREDITH FRIGACHAIR

MERRILL MASONSECRETARY

About this charity

Recognized since: January 1985
Location: 15 TW ALEXANDER DR, DURHAM, NC 27713-2847
County: Durham
In care of: DOUGLAS L EDGETON
Primary officer: DOUGLAS L EDGETON, PRESIDENT & CEO

How to reach them

WebsiteVisit the charity’s website Phone(919) 541-9366

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: CHERRY BEKAERT ADVISORY LLC
NTEE classification: Science & Technology (U500)
Grant-giving organization: Yes