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← TRIANGLE UNIVERSITIES CENTER FOR ADVANCED STUDIES INC

Form 990 for tax year 2023

Filed by TRIANGLE UNIVERSITIES CENTER FOR ADVANCED STUDIES INC.

Totals

Total revenue
$432,471
Total expenses
$90,536
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$66,114
Other revenue
$366,357
Total assets, end of year
$4,494,096
Total liabilities, end of year
$975
Net assets or fund balances, end of year
$4,493,121
Program services expenses (Part IX)
$0
Management and general expenses
$90,536
Fundraising expenses
$0
Program service expenses (Part III)
$0

Program services were 0.0% 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.

  • 3 · Investment income

    total $54,548 · excluded $54,548

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 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 · excluded $366,357

  • 7a · Gross sales of assets other than inventory

    securities $2,656,962

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

    securities $2,645,396

  • 7c · Gain or loss

    securities $11,566

  • 7d · Net gain or loss

    total $11,566 · excluded $11,566

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $37,000 · management and general $37,000

  • 11b · Fees: legal

    total $9,969 · management and general $9,969

  • 11c · Fees: accounting

    total $17,294 · management and general $17,294

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $10,648 · management and general $10,648

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $579 · management and general $579

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $2,000 · management and general $2,000

  • 24a · Other expenses: STORMWATER FEE

    total $11,821 · management and general $11,821

  • 24b · Other expenses: BANK FEES

    total $1,225 · management and general $1,225

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $765,201 · end of year $550,506

  • 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 $47,010 · end of year $34,486

  • 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 $1,912,795 · end of year $2,656,962

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $48,885 · end of year $52,057

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,595 · end of year $975

  • 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 $2,746,818 · end of year $3,109,769

  • 28 · Net assets with donor restrictions

    beginning of year $1,214,563 · end of year $1,383,352

Mission and programs · 2023

Mission

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

Activities or mission (Part I)

SEE SCHEDULE O

  • 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 fiscal year 2024 grant was awarded and paid in December 2024.

As filed on the 2023 return.

Listed in Part VII

  • Farad Ali

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Dr Warwick Arden

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Dr Penny Gordon-Larsen

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Dr Jennifer Lodge

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Scott Levitan

    EX-OFFICIO TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Anita Brown-Graham

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Dr Chris Clemens

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Richard Daugherty

    TRUSTEE-AUDIT COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Dr Blossom Damania

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Dr Mohamed Noor

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Jim Pfaendtner

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Dr Noah Pickus

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Dr Amy Roussel

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Tom Shanahan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Dr Mladen Vouk

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Michael Vollmer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Linda Hall

    TREASURER (THRU 04/2024)

    Total calculated
    $0
    Hours/week
    2

  • Jessica Wisniewski

    TREASURER & SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Sarah Chick

    SECRETARY (THRU 07/2023)

    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

No itemized grants to organizations 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.

Disregarded entities

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

  • PINELANDS II

    REC DONATIONS · NC · income $0 · assets $0

    Directly controlled by TUCASI

  • PINELANDS III

    REC DONATIONS · NC · income $0 · assets $0

    Directly controlled by TUCASI

Provenance

Return type
form_990
Tax year
2023
Filed
24 January 2025
IRS schema version
2023v6.0
Source object
202510319349301756

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