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← TRIANGLE UNIVERSITIES CENTER FOR ADVANCED STUDIES INC

Form 990 for tax year 2024

Filed by TRIANGLE UNIVERSITIES CENTER FOR ADVANCED STUDIES INC.

Totals

Total revenue
$516,767
Total expenses
$342,210
Contributions and grants received
$0
Grants paid
$250,000
Program service revenue
$0
Investment income
$150,410
Other revenue
$366,357
Total assets, end of year
$4,785,649
Total liabilities, end of year
$2,664
Net assets or fund balances, end of year
$4,782,985
Program services expenses (Part IX)
$250,000
Management and general expenses
$92,210
Fundraising expenses
$0
Program service expenses (Part III)
$250,000

Program services were 73.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $1,007 · related or exempt $0 · unrelated business $0 · excluded $1,007

  • 6a · Gross rents

    real property $366,357

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $366,357 · personal property $0

  • 6d · Net rental income or loss

    total $366,357 · related or exempt $0 · unrelated business $0 · excluded $366,357

  • 7a · Gross sales of assets other than inventory

    securities $1,650,586

  • 7b · Less cost or other basis and sales expenses

    securities $1,501,183

  • 7c · Gain or loss

    securities $149,403 · other assets $0

  • 7d · Net gain or loss

    total $149,403 · related or exempt $0 · unrelated business $0 · excluded $149,403

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $250,000 · program services $250,000

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 11a · Fees: management

    total $37,000 · program services $0 · management and general $37,000 · fundraising $0

  • 11b · Fees: legal

    total $1,313 · program services $0 · management and general $1,313 · fundraising $0

  • 11c · Fees: accounting

    total $18,650 · program services $0 · management and general $18,650 · fundraising $0

  • 11f · Fees: investment management

    total $14,611 · program services $0 · management and general $14,611 · fundraising $0

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $39 · program services $0 · management and general $39 · fundraising $0

  • 23 · Insurance

    total $2,038 · program services $0 · management and general $2,038 · fundraising $0

  • 24a · Other expenses: STORMWATER FEE

    total $15,360 · program services $0 · management and general $15,360 · fundraising $0

  • 24b · Other expenses: LANDSCAPING FEE

    total $1,914 · program services $0 · management and general $1,914 · fundraising $0

  • 24c · Other expenses: BANK FEES

    total $1,285 · program services $0 · management and general $1,285 · fundraising $0

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $550,506 · end of year $126,863

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $34,486 · end of year $5,850

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $85 · end of year $85

  • 10a · Land, buildings and equipment: cost or other basis

    $1,712,749

  • 10b · Land, buildings and equipment: accumulated depreciation

    $512,749

  • 10c · Land, buildings and equipment, net

    beginning of year $1,200,000 · end of year $1,200,000

  • 11 · Investments: publicly traded securities

    beginning of year $2,656,962 · end of year $3,407,060

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $52,057 · end of year $45,791

  • 17 · Accounts payable and accrued expenses

    beginning of year $975 · end of year $2,664

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $3,109,769 · end of year $3,257,104

  • 28 · Net assets with donor restrictions

    beginning of year $1,383,352 · end of year $1,525,881

Mission and programs · 2024

Mission

TO BE A LEADER IN ENGAGING THE FOUNDING UNIVERSITIES IN COLLABORATIVE ACTIVITIES THAT ADVANCE RESEARCH AND EDUCATION.

Activities or mission (Part I)

TO ASSIST IN THE PLANNING AND EXECUTION OF RESEARCH AND EDUCATIONAL PROGRAMS BY JOINT ACTIVITY WITH NORTH CAROLINA STATE UNIVERSITY, DUKE UNIVERSITY, AND THE UNIVERSITY OF NORTH CAROLINA.

  • THE ORGANIZATION AWARDED GRANT FUNDING TO SUPPORT THE NC VVIRAL PROJECT AND TEAM IN THEIR EFFORTS TO IMPROVE THE EFFICIENCY, PRODUCTIVITY, AND COST OF MANUFACTURING VIRAL VECTORS FOR GENE THERAPIES. DUE TO A DELAY IN REPORTING REQUIREMENTS, THE PREVIOUS YEAR GRANT WAS AWARDED AND PAID IN FISCAL YEAR 2025.

    Expenses $250,000 · Grants $250,000

As filed on the 2024 return.

Listed in Part VII

  • Dr Chris Freel

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Dr Chris McClure

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Dr Jennifer Lodge

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Dr Jim Pfaendtner

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Farad Ali

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Alyn Goodson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Anita Brown-Graham

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Dr Amy Roussel

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Dr James Dean

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Dr Krista Walton

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Dr Mohamed Noor

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Dr Penny Gordon-Larsen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Dr Warwick Arden

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Michael Vollmer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Scott Levitan

    EX-OFFICIO TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Tom Shanahan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Jessica Wisniewski

    TREASURER & SECRETARY

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

  • NC STATE UNIVERSITY

    $250,000

    NC-VVIRAL

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
29 April 2026
IRS schema version
2024v5.1
Source object
202621199349301882

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