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← PCPT DURHAM LLC

Form 990 for tax year 2024

Filed by PCPT DURHAM LLC.

Totals

Total revenue
$981,883
Total expenses
$937,930
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$981,883
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$937,930
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$937,930

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.

  • 11a · Other revenue: INCOME FROM DEBT FORGIVENESS

    total $981,883 · related or exempt $981,883

  • 11e · Other revenue, total

    $981,883

Functional expenses

Part IX, the statement of functional expenses.

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $937,930 · program services $937,930

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $0

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $0

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $937,930 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $981,883 · end of year $0

  • 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 -$43,953 · end of year $0

Mission and programs · 2024

Mission

TO DEVELOP, OWN AND OPERATE A PROTON THERAPY CENTER IN DURHAM COUNTY, NORTH CAROLINA. THEREBY MAKING PROTON THERAPY MORE READILY AVAILABLE FOR INDIVIDUALS IN THE VICINITY OF DURHAM COUNTY, NORTH CAROLINA AND REDUCING THE SUFFERING OF CANCER PATIENTS.

  • THE INTENDED FUNCTION FOR PCPT DURHAM IS MAKING PROTON THERAPY MORE READILY AVAILABLE FOR INDIVIDUALS IN THE VICINITY OF DURHAM COUNTY, NORTH CAROLINA, THEREBY REDUCING THE SUFFERING OF CANCER PATIENTS. PCPT DURHAM DISSOLVED ON 12/31/2024 AND HAS CEASED OPERATIONS.

    Expenses $937,930

As filed on the 2024 return.

Listed in Part VII

  • Carl Koella III

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tracy W Dobbs MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • William W Baxter

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Anne Swartz

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 2 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.

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.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

  • No recipient named

    $937,930

    Liquidation · CERTIFICATE OF NEED AND SUBSEQUENT CONSTRUCTION IN PROGRESS PROJECT. · Dec 31, 2024

Provenance

Return type
form_990
Tax year
2024
Filed
23 October 2025
IRS schema version
2024v5.2
Source object
202532969349301808

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