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← DURHAM ASSET MANAGEMENT COMPANY INCORPORATED

Form 990 for tax year 2022

Filed by DURHAM ASSET MANAGEMENT COMPANY INCORPORATED.

Totals

Total revenue
$7,726,005
Total expenses
$8,706,544
Contributions and grants received
$1,558,249
Grants paid
$6,232,492
Program service revenue
$0
Investment income
$0
Other revenue
$6,167,756
Total assets, end of year
$6,064,074
Total liabilities, end of year
$6,335,949
Net assets or fund balances, end of year
-$271,875
Program services expenses (Part IX)
$8,706,544
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$8,706,544

Program services were 100.0% 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.

  • 1d · Related organizations

    $1,558,249

  • 5 · Royalties

    total $6,189,500 · unrelated business $417,678 · excluded $5,771,822

  • 11a · Other revenue: SUNDRY REVENUE

    total $20,000 · excluded $20,000

  • 11b · Other revenue: FOREIGN CURRENCY EXCH.

    total -$41,744 · excluded -$41,744

  • 11e · Other revenue, total

    -$21,744

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $6,232,492 · program services $6,232,492

  • 13 · Office expenses

    total $7,373 · program services $7,373

  • 16 · Occupancy

    total $79,645 · program services $79,645

  • 17 · Travel

    total $104,303 · program services $104,303

  • 24a · Other expenses: ASSIGNED EMPLOYEE EXP.

    total $1,007,817 · program services $1,007,817

  • 24b · Other expenses: CONTRACT WORK

    total $632,401 · program services $632,401

  • 24c · Other expenses: HOUSING FOR STUDENTS

    total $371,605 · program services $371,605

  • 24d · Other expenses: TAXES AND LICENSES

    total $118,177 · program services $118,177

  • 24e · All other expenses

    total $152,731 · program services $152,731

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,613,657 · end of year $6,045,990

  • 4 · Accounts receivable

    beginning of year $2,509 · end of year $1,549

  • 9 · Prepaid expenses and deferred charges

    end of year $16,535

  • 12 · Investments: other securities

    beginning of year $948,994 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,856,496 · end of year $6,335,949

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $708,664 · end of year -$271,875

Mission and programs · 2022

Mission

TO PROVIDE SUPPORT TO DUKE UNIVERSITY'S PROGRAMS THROUGH MANAGEMENT/ASSISTANCE/OVERSIGHT OF RELATED ACTIVITIES.

Activities or mission (Part I)

SEE SCHEDULE O FOR STATEMENT OF ORGANIZATION'S MISSION

  • MANAGEMENT/ASSISTANCE/OVERSIGHT OF INTERNATIONAL ACTIVITIESIN SUPPORT OF DUKE UNIVERSITY'S INTERNATIONAL PROGRAMS.

    Expenses $1,550,689 · Grants $121,815 · Revenue -$21,744

  • PROMOTE DUKE UNIVERSITY BASKETBALL AND FOOTBALL ATHLETIC PROGRAMSTHROUGH RADIO AND TELEVISION BROADCASTS.

    Expenses $6,226,861 · Grants $5,181,683 · Revenue $6,189,500

  • MANAGEMENT/ASSISTANCE/OVERSIGHT OF DUKE INCUBATION FUND POST AWARD ACTIVITIES SUPPORTING IDEA-STAGE PROJECTS AT DUKE UNIVERSITY AND FURTHERING DUKE UNIVERSITY'S EDUCATIONAL AND RESEARCH MISSION.

    Expenses $928,994 · Grants $928,994

As filed on the 2022 return.

Listed in Part VII

  • James Scott Gibson

    DIRECTOR/VP - TANZANIA

    Total calculated
    $918,022
    From this org
    $0
    From related orgs
    $854,623
    Other
    $63,399
    Hours/week
    0.1 + 55.4 related

    Schedule J breakdown matched by us

    Base
    $0 + $495,817 related
    Bonus
    $0 + $338,306 related
    Other
    $0 + $20,500 related
    Deferred
    $0 + $37,164 related
    Nontaxable benefits
    $0 + $27,805 related
    Filer's total
    $0 + $919,592 related

  • Todd E Mesibov

    DIRECTOR/SECRETARY

    Total calculated
    $272,528
    From this org
    $0
    From related orgs
    $239,249
    Other
    $33,279
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $191,402 related
    Bonus
    $0 + $24,200 related
    Other
    $0 + $23,647 related
    Deferred
    $0 + $28,214 related
    Nontaxable benefits
    $0 + $5,714 related
    Filer's total
    $0 + $273,177 related

  • Amanda T Kelso

    DIRECTOR/VP - DUKE IN MADRID

    Total calculated
    $164,573
    From this org
    $0
    From related orgs
    $136,072
    Other
    $28,501
    Hours/week
    0.1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $136,072 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $15,635 related
    Nontaxable benefits
    $0 + $13,243 related
    Filer's total
    $0 + $164,950 related

  • Ann Bothwell

    DIRECTOR/PRESIDENT

    Total calculated
    $164,766
    From this org
    $0
    From related orgs
    $141,655
    Other
    $23,111
    Hours/week
    0.1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $141,655 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $15,985 related
    Nontaxable benefits
    $0 + $7,554 related
    Filer's total
    $0 + $165,194 related

  • Marcia De La Torriente

    DIRECTOR/TREASURER

    Total calculated
    $125,240
    From this org
    $0
    From related orgs
    $95,690
    Other
    $29,550
    Hours/week
    0.1 + 40.3 related

  • James Wilkerson

    PART YEAR VP - TRADEMARK & LICENSING

    Total calculated
    $336,658
    From this org
    $0
    From related orgs
    $297,135
    Other
    $39,523
    Hours/week
    0.1 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $173,801 related
    Bonus
    $0 + $123,334 related
    Other
    $0
    Deferred
    $0 + $21,385 related
    Nontaxable benefits
    $0 + $18,654 related
    Filer's total
    $0 + $337,174 related

  • Madeline K Liddicoat

    VICE PRESIDENT - LAW & BIOSCIENCES

    Total calculated
    $164,318
    From this org
    $0
    From related orgs
    $90,906
    Other
    $73,412
    Hours/week
    0.1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $90,906 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $10,002 related
    Nontaxable benefits
    $0 + $63,718 related
    Filer's total
    $0 + $164,626 related

  • Mitch Moser

    VICE PRESIDENT - ATHLETICS

    Total calculated
    $327,883
    From this org
    $0
    From related orgs
    $275,275
    Other
    $52,608
    Hours/week
    0.1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $253,912 related
    Bonus
    $0 + $10,500 related
    Other
    $0 + $10,863 related
    Deferred
    $0 + $33,138 related
    Nontaxable benefits
    $0 + $20,273 related
    Filer's total
    $0 + $328,686 related

  • Victoria L Nevois

    FORMER DIRECTOR/OFFICER

    Total calculated
    $407,276
    From this org
    $0
    From related orgs
    $362,006
    Other
    $45,270
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $273,106 related
    Bonus
    $0 + $68,400 related
    Other
    $0 + $20,500 related
    Deferred
    $0 + $37,164 related
    Nontaxable benefits
    $0 + $8,937 related
    Filer's total
    $0 + $408,107 related

  • Nina E King

    FORMER DIRECTOR/OFFICER

    Total calculated
    $1,009,350
    From this org
    $0
    From related orgs
    $853,994
    Other
    $155,356
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $794,703 related
    Bonus
    $0 + $29,997 related
    Other
    $0 + $29,294 related
    Deferred
    $0 + $137,164 related
    Nontaxable benefits
    $0 + $20,834 related
    Filer's total
    $0 + $1,011,992 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • BLACKWELL PARTNERS LLC - SERIES A - 20-8075455

    N/A · INVESTMENTS · DE

  • CANYON BLUE INV FD 27-0186996

    N/A · INVESTMENTS · DE

  • LYRICAL-BLUE RGNT 45-3626577

    N/A · INVESTMENTS · DE

  • SBER LUCKY STRIKE 20-3891303

    N/A · REAL ESTATE · NC

  • MANGUM II LLC - 46-5135858

    N/A · INVESTMENTS · NC

  • LS INVESTOR LLC 20-3891381

    N/A · REAL ESTATE · NC

  • DILWEG BLUE PF LP 47-1542108

    N/A · INVESTMENTS · DE

  • LYRICAL BLUE RL PT IV 47-2172270

    N/A · INVESTMENTS · DE

  • STRATUS SCP II INVESTORS - C LP

    N/A · INVESTMENTS · UK

  • ALTOS HYBRID D LLC - 47-3996176

    N/A · INVESTMENTS · DE

  • BLACKWELL PARTNERS LLC - SERIES C - 81-1264533

    N/A · INVESTMENTS · DE

  • BLACKWELL PARTNERS LLC - SERIES B

    N/A · INVESTMENTS · DE

  • BLACKWELL PARTNERS LLC - SERIES D

    N/A · INVESTMENTS · DE

  • BLACKWELL PARTNERS LLC - SERIES E

    N/A · INVESTMENTS · DE

  • ALTOS HYBRID 2D LLC - 81-5176567

    N/A · INVESTMENTS · DE

  • LYRICAL-BLUE 100 KINGSHIGHWAY PARTNERS LP

    N/A · INVESTMENTS · DE

  • WASHINGTON GOTHIC LP

    N/A · INVESTMENTS · DE

  • DUKE TRIANGLE ENDOSCOPY CENTER LLC

    N/A · HEALTHCARE · NC

  • DWELLWORKS CO-INVESTMENT LLC

    N/A · INVESTMENTS · DE

  • BEP LEGACY 1C LLC

    N/A · INVESTMENTS · DE

  • WELLINGTON TRUST CO NA - CTF OPP FIXED INC ALLOC II POR

    N/A · INVESTMENTS · DE

  • ENIAC SPECIAL DELTA LLC

    N/A · INVESTMENTS · DE

  • STRATUS SCP III INVESTORS - GAMMA LP

    N/A · INVESTMENTS · UK

  • LYRICAL BLUE RL PT

    N/A · INVESTMENTS · DE

  • STRATUS SCP COINVESTMENT II - FIP-M

    N/A · INVESTMENTS · BR

  • MANGUM LLC

    N/A · INVESTMENTS · NC

  • CPF HEARTBEAT HEALTH INVES B LLC

    N/A · INVESTMENTS · DE

  • CPF TRIAS INVESTMENT LLC

    N/A · INVESTMENTS · DE

  • CPF HEARTBEAT HEALTH INV A LLC

    N/A · INVESTMENTS · DE

  • CPF TRIAS INVESTMENT II LLC

    N/A · INVESTMENTS · DE

  • THRIVE CAPITAL PARTNERS IV SEGMENT LLC

    N/A · INVESTMENTS · DE

  • MANGUM III LLC

    N/A · INVESTMENTS · DE

  • MANGUM III LLC - SERIES A

    N/A · INVESTMENTS · DE

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • DUKE CE LS INC

    C · REAL ESTATE · NC

  • DUKE CE (SEA) PRIVATE LIMITED

    C · SUPPORT · SN

  • DUKE CORP EDU INDIA PRIVATE

    C · CONSULTING · IN

  • DUKE CORPORATE EDUCATION LIM

    C · EDUCATION CONSULTING · UK

  • DUKE CORPORATE EDUCATION RSA

    C · CONSULTING · SF

  • DUKE GLOBAL CONSULTING (KUNSHAN)

    C · CONSULTING · CH

  • DUKE MEDICAL STRATEGIES INC

    C · HEALTHCARE · NC

  • DUKE MEDICINE ASIA PTE LTD

    C · MEDICAL RESEARCH · SN

  • DURHAM CASUALTY COMPANY LTD

    C · INSURANCE · BD

  • GOTHIC INTERNATIONAL LTD

    C · INVESTMENTS · CJ

  • MARATHON BLUE CAYMAN FUND

    C · INVESTMENTS · CJ

  • GHI HOLDINGS MAURITIUS

    C · INVESTMENTS · MP

  • GHI ERP LTD

    C · INVESTMENTS · MP

  • GHI HSP LTD

    C · INVESTMENTS · MP

  • GHI JBD LTD

    C · INVESTMENTS · MP

  • GHI LTP LTD

    C · INVESTMENTS · MP

  • MCP PRIVATE CAPITAL (FEEDER) FUND I LP

    C · INVESTMENTS · LU

  • DUKE INDIA SERVICES PRIVATE LIMITED

    C · MEDICAL RESEARCH · IN

  • HEALTH SYSTEM MEDICAL STRATEGIES INC

    C · HEALTHCARE · NC

  • VITA BELLAVISTA CASA 84 SRL

    C · REAL ESTATE · CS

  • VITA BELLAVISTA CASA DIECINUEVE SRL

    C · REAL ESTATE · CS

  • DUKE GLOBAL GERMANY GMBH

    C · EDUCATION · GM

Provenance

Return type
form_990
Tax year
2022
Filed
8 May 2024
IRS schema version
2022v5.0
Source object
202411359349306131

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