Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $19,362,158

• 1g · Noncash contributions included above

  $19,362,158

• 2a · Program service revenue: Research

  total $1,008,096,309 · related or exempt $993,535,841 · unrelated business $14,560,468

• 2b · Program service revenue: International Development

  total $338,936,750 · related or exempt $338,936,750

• 3 · Investment income

  total $8,768,152 · excluded $8,768,152

• 7a · Gross sales of assets other than inventory

  securities $29,256,120 · other assets $17,591,221

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

  securities $29,256,120 · other assets $18,024,880

• 7c · Gain or loss

  securities $0 · other assets -$433,659

• 7d · Net gain or loss

  total -$433,659 · excluded -$433,659

• 11a · Other revenue: Foreign Currency Gain(Loss)

  total $28,752,303 · related or exempt $28,752,303

• 11e · Other revenue, total

  $28,752,303

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $479,090 · program services $479,090

• 3 · Grants to foreign organizations and individuals

  total $56,205 · program services $56,205

• 5 · Compensation of officers, directors and key employees

  total $11,694,253 · management and general $11,694,253

• 7 · Other salaries and wages

  total $455,289,102 · program services $400,417,000 · management and general $54,872,102

• 8 · Pension plan contributions

  total $33,905,039 · program services $26,512,691 · management and general $7,392,348

• 9 · Other employee benefits

  total $166,855,451 · program services $130,475,796 · management and general $36,379,655

• 10 · Payroll taxes

  total $34,253,838 · program services $26,785,441 · management and general $7,468,397

• 11b · Fees: legal

  total $2,673,922 · program services $398,204 · management and general $2,275,718

• 11c · Fees: accounting

  total $657,138 · program services $54,816 · management and general $602,322

• 11d · Fees: lobbying

  total $389,278 · management and general $389,278

• 11g · Fees: other

  total $519,662,891 · program services $508,068,867 · management and general $11,594,024

• 12 · Advertising and promotion

  total $150,768 · management and general $150,768

• 13 · Office expenses

  total $15,390,066 · program services $13,938,369 · management and general $1,451,697

• 14 · Information technology

  total $37,407,193 · program services $34,542,566 · management and general $2,864,627

• 15 · Royalties

  total $1,459,461 · program services $1,459,461

• 16 · Occupancy

  total $11,359,086 · program services $35,208,104 · management and general -$23,849,018

• 17 · Travel

  total $26,526,396 · program services $25,104,948 · management and general $1,421,448

• 19 · Conferences, conventions and meetings

  total $21,293,488 · program services $20,467,786 · management and general $825,702

• 22 · Depreciation, depletion and amortization

  total $14,462,406 · program services $1,837,374 · management and general $12,625,032

• 23 · Insurance

  total $2,398,686 · program services $315,959 · management and general $2,082,727

• 24a · Other expenses: Memberships

  total $1,681,731 · program services $438,143 · management and general $1,243,588

• 24b · Other expenses: Taxes

  total $1,084,063 · management and general $1,084,063

• 24c · Other expenses: Business Meals

  total $891,992 · program services $390,230 · management and general $501,762

• 24d · Other expenses: Bad Debt

  total $430,485 · management and general $430,485

• 24e · All other expenses

  total $9,068,163 · program services $1,652,125 · management and general $7,416,038

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $38,793,736 · end of year $49,651,671

• 4 · Accounts receivable

  beginning of year $276,709,251 · end of year $312,391,592

• 9 · Prepaid expenses and deferred charges

  beginning of year $22,687,118 · end of year $28,627,485

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

  $367,317,962

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

  $220,367,772

• 10c · Land, buildings and equipment, net

  beginning of year $150,685,301 · end of year $146,950,190

• 11 · Investments: publicly traded securities

  beginning of year $188,836,990 · end of year $226,168,416

• 12 · Investments: other securities

  beginning of year $93,366,549 · end of year $96,386,184

• 14 · Intangible assets

  beginning of year $17,847,934 · end of year $8,760,962

• 15 · Other assets

  beginning of year $32,830,524 · end of year $66,981,285

• 17 · Accounts payable and accrued expenses

  beginning of year $204,120,910 · end of year $242,489,519

• 19 · Deferred revenue

  beginning of year $56,811,086 · end of year $71,087,599

• 20 · Tax-exempt bond liabilities

  beginning of year $38,094,304 · end of year $66,948,943

• 25 · Other liabilities

  beginning of year $28,357,135 · end of year $26,180,133

• 27 · Net assets without donor restrictions

  beginning of year $493,695,578 · end of year $528,802,531

• 28 · Net assets with donor restrictions

  beginning of year $678,390 · end of year $409,060

The filer's explanations (Part III)

Part I, Line 1a

Exclusively for its business purposes, RTI maintains memberships to two business clubs, where leaders in industry and business gather. No taxable income has been imputed to the senior executives who use these RTI club memberships exclusively for RTI business purposes.

Part I, Lines 4a-b

4a. A. Helwig received severance payments totaling $266,185 in 2023. The severance payments are included in the amounts reported on Schedule J. 4b. The Institute implemented a long term incentive plan designed to reward executives to ensure the organization's finances are strong and to retain executives. This plan recognizes that the executives' total compensation is below market. Rather than increasing salaries, annual incentives or supplemental retirement benefits, the Board implemented a cash based retention plan which is dependent on the Institute's continued strong performance. Amounts paid and accrued during the calendar year 2023 are as follows: T. Gabel $386,996, M. Kaelin $328,810, P. Weisenfeld $305,211, G. Story $291,142, A. Mangel $92,545, A. Helwig $84,240, A.Roussel $49,279, J. Elguera $45,369, and W. Fairfax $43,883. These amounts include payments totaling $540,687 which were accrued and reported in prior years as deferred compensation.

Part I, Line 7

RTI maintains variable compensation plans which are reviewed and approved annually by the Compensation Committee of the Board, as well as the full Board, to establish appropriate measurable targets and objectives along with incentive amounts. Actual performance under the plans is reviewed after the performance period and approved by the Compensation Committee and full Board as well. Amounts paid under these plans during the calendar year 2023 are as follows: T. Gabel $268,739, M. Kaelin $190,364, P. Weisenfeld $171,083, G.Story $168,819, A. Roussel $150,840, J. Eluera $139,949, W. Fairfax $137,046, C. Simmons $93,770, A. Bir $88,452, C. Hill $84,176, S. Earnshaw $81,965, C. Buchholtz $75,079, E. Sax $72,866, C. Cornwell $65,925, L. Dimitropoulos $41,173.

Part I, Line 8

RTI recruits its executive leadership from the national labor market, and this practice can introduce variability into each executive's initial compensation package. Accordingly, amounts were paid and accrued during the 2023 calendar year that emanated from RTI's offer of employment to certain executives and these items were included in the executive's employment agreement with RTI. Amounts paid were reported as taxable income and are included in the 2023 bonus or other compensation columns for each executive that received such payment. Any unpaid accruals are included in the deferred compensation column.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• Research Triangle Institute International LLC

  Scientific Research and Development · NC · income -$272,093 · assets $125,531

  Directly controlled by Research Triangle Institute

Related corporations and trusts

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

• Research Triangle Institute Global Inc

  C · Scientific research and development · NC · 100% owned · share of assets $478 · controlled entity

  Directly controlled by Research Triangle Institute

• Research Triangle Institute Global India Private Limited

  C · Scientific research and development · IN · 99.99% owned · share of income -$498,558 · share of assets $2,544,086 · controlled entity

  Directly controlled by Research Triangle Institute

• RTI Syntegrity Inc

  C · Business Services · NC · 100% owned · share of income -$704 · share of assets $241,013 · controlled entity

  Directly controlled by Research Triangle Institute

• International Resources Group Ltd

  C · Consulting · NC · 100% owned · share of income -$227,458 · share of assets $508,500 · controlled entity

  Directly controlled by Research Triangle Institute

• RTI Health Solutions France SAS

  C · Health Research · FR · 100% owned · share of income $56,996 · share of assets $180,502 · controlled entity

  Directly controlled by Research Triangle Institute