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Nonprofiteer
← DAVID H MURDOCK RESEARCH INSTITUTE

Form 990 for tax year 2024

Filed by DAVID H MURDOCK RESEARCH INSTITUTE.

Totals

Total revenue
-$35,859,970
Total expenses
$2,582,888
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
-$36,226,026
Other revenue
$366,056
Total assets, end of year
$338,347
Total liabilities, end of year
$81,646
Net assets or fund balances, end of year
$256,701
Program services expenses (Part IX)
$677,409
Management and general expenses
$1,905,479
Fundraising expenses
$0
Program service expenses (Part III)
$677,409

Program services were 26.2% 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.

  • 6a · Gross rents

    real property $366,056

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $366,056

  • 6d · Net rental income or loss

    total $366,056 · related or exempt $366,056

  • 7a · Gross sales of assets other than inventory

    other assets $9,314,341

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

    other assets $45,540,367

  • 7c · Gain or loss

    other assets -$36,226,026

  • 7d · Net gain or loss

    total -$36,226,026 · excluded -$36,226,026

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $235,890 · program services $4,315 · management and general $231,575

  • 9 · Other employee benefits

    total $869 · program services $19 · management and general $850

  • 10 · Payroll taxes

    total $20,473 · program services $438 · management and general $20,035

  • 11b · Fees: legal

    total $49,932 · management and general $49,932

  • 11c · Fees: accounting

    total $5,300 · management and general $5,300

  • 11g · Fees: other

    total $19,668 · program services $5,099 · management and general $14,569

  • 13 · Office expenses

    total $1,285 · management and general $1,285

  • 14 · Information technology

    total -$12,088 · management and general -$12,088

  • 16 · Occupancy

    total $403,382 · management and general $403,382

  • 20 · Interest

    total $842,197 · program services $653 · management and general $841,544

  • 22 · Depreciation, depletion and amortization

    total $644,485 · program services $644,485

  • 23 · Insurance

    total $34,623 · management and general $34,623

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $244,031 · management and general $244,031

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $48,340 · program services $19,762 · management and general $28,578

  • 24c · Other expenses: CONTRACT LABOR

    total $19,908 · management and general $19,908

  • 24d · Other expenses: EQUIPMENT SERVICE CONTR

    total $8,204 · management and general $8,204

  • 24e · All other expenses

    total $16,389 · program services $2,638 · management and general $13,751

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $135,571 · end of year $268,191

  • 4 · Accounts receivable

    beginning of year $203,522 · end of year $40,343

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $46,159,795 · end of year $0

  • 15 · Other assets

    beginning of year $614,480 · end of year $29,813

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,291,596 · end of year $81,646

  • 23 · Secured mortgages and notes payable

    beginning of year $5,122,213 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $38,699,559 · end of year $256,701

Mission and programs · 2024

Mission

TO SUPPORT AND SUSTAIN BREAKTHROUGH RESEARCH.

Activities or mission (Part I)

THE INSTITUTE OPERATES TO SUPPORT AND BENEFIT DUKE UNIVERSITY AND THE UNIVERSITY OF NC AT THE NC RESEARCH CAMPUS IN KANNAPOLIS, NC. IT WAS FORMED TO FURTHER THE CHARITABLE AND EDUCATIONAL PURPOSES (PRIMARILY RESEARCH AND DEVELOPMENT) OF THESE SUPPORTED ORGANIZATIONS AT THE CAMPUS. THE INSTITUTE'S PRIMARY ACTIVITIES ARE: A) TO ACQUIRE, OWN AND OPERATE AN APPROXIMATELY 104,927 SQUARE FOOT CORE LABORATORY FACILITY TO PROMOTE RESEARCH AND DEVELOPMENT THAT WILL SUPPORT ADVANCES IN HUMAN NUTRITION, HUMAN HEALTH, AGRICULTURAL CROPS, SYSTEMS AND GROWING PROCESSES AND THE PRODUCTION OF HEALTHFUL FOODS AND OTHER SCIENTIFIC RESEARCH; B) TO ASSIST THE SUPPORTED ORGANIZATIONS; AND C) TO PERFORM SCIENTIFIC RESEARCH (INCLUDING PROCESS DEVELOPMENT RESEARCH) IN SUPPORT OF ONE OR MORE OF THE SUPPORTED ORGANIZATIONS.

  • TO SUPPORT AND SUSTAIN BREAKTHROUGH RESEARCH REGARDING HUMAN NUTRITION, AGRICULTURAL SYSTEMS, AND THE DEVELOPMENT AND RAPID TRANSFER OF NEW TECHNOLOGIES AND DISCOVERIES RELATED TO THESE RESEARCH AREAS

    Expenses $677,409 · Revenue $366,056

As filed on the 2024 return.

Listed in Part VII

  • Kimberly Van Noort

    DIRECTOR

    Total calculated
    $309,000
    From this org
    $0
    From related orgs
    $309,000
    Other
    $0
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $309,000 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $309,000 related

  • Suresh Balu Msmba

    PROGRAM DIRECTOR

    Total calculated
    $297,221
    From this org
    $0
    From related orgs
    $251,677
    Other
    $45,544
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $0 + $228,677 related
    Bonus
    $0
    Other
    $0 + $23,000 related
    Deferred
    $0 + $30,636 related
    Nontaxable benefits
    $0 + $15,580 related
    Filer's total
    $0 + $297,893 related

  • Simon G Gregory PhD

    DIRECTOR

    Total calculated
    $363,137
    From this org
    $0
    From related orgs
    $304,487
    Other
    $58,650
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $0 + $304,228 related
    Bonus
    $0
    Other
    $0 + $258 related
    Deferred
    $0 + $38,053 related
    Nontaxable benefits
    $0 + $21,570 related
    Filer's total
    $0 + $364,109 related

  • Kristin Newby MD

    DIRECTOR

    Total calculated
    $451,503
    From this org
    $0
    From related orgs
    $401,969
    Other
    $49,534
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $0 + $370,704 related
    Bonus
    $0 + $31,265 related
    Other
    $0
    Deferred
    $0 + $42,072 related
    Nontaxable benefits
    $0 + $8,691 related
    Filer's total
    $0 + $452,732 related

  • Steven A Lommel

    DIRECTOR

    Total calculated
    $247,464
    From this org
    $0
    From related orgs
    $247,464
    Other
    $0
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $247,464 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $247,464 related

  • Cory R Brouwer

    SECRATARY

    Total calculated
    $211,528
    From this org
    $0
    From related orgs
    $211,528
    Other
    $0
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $211,528 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $211,528 related

  • Dr Carol Spalding

    CHAIR

    Total calculated
    $340,176
    From this org
    $0
    From related orgs
    $340,176
    Other
    $0
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $0 + $340,176 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $340,176 related

  • Charles Gray

    DIRECTOR

    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. 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

  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
8 December 2025
IRS schema version
2024v5.2
Source object
202543429349300524

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