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← WIRELESS RESEARCH CENTER OF NORTH CAROLINA

Form 990 for tax year 2024

Filed by WIRELESS RESEARCH CENTER OF NORTH CAROLINA.

Totals

Total revenue
$3,663,865
Total expenses
$3,644,271
Contributions and grants received
$856,464
Grants paid
$16,175
Program service revenue
$2,702,665
Investment income
$0
Other revenue
$104,736
Total assets, end of year
$1,429,384
Total liabilities, end of year
$2,629,112
Net assets or fund balances, end of year
-$1,199,728
Program services expenses (Part IX)
$2,860,639
Management and general expenses
$751,340
Fundraising expenses
$32,292
Program service expenses (Part III)
$2,860,639

Program services were 78.5% 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.

  • 1e · Government grants (contributions)

    $848,214

  • 1f · All other contributions, gifts and grants

    $8,250

  • 1g · Noncash contributions included above

    $200

  • 2a · Program service revenue: CONSULTING

    total $1,230,070 · related or exempt $1,230,070

  • 2b · Program service revenue: ENGINEERING

    total $1,125,160 · related or exempt $1,125,160

  • 2c · Program service revenue: TESTING

    total $299,474 · related or exempt $299,474

  • 2d · Program service revenue: RIOT

    total $47,961 · related or exempt $47,961

  • 6a · Gross rents

    real property $104,618

  • 6c · Rental income or loss

    real property $104,618

  • 6d · Net rental income or loss

    total $104,618 · excluded $104,618

  • 11a · Other revenue: OTHER REVENUE:REWARDS AND POI

    total $1,146 · related or exempt $1,146

  • 11b · Other revenue: DISCOUNTS GIVEN

    total -$1,028 · related or exempt -$1,028

  • 11e · Other revenue, total

    $118

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $15,000 · program services $15,000

  • 2 · Grants to domestic individuals

    total $1,175 · program services $1,175

  • 5 · Compensation of officers, directors and key employees

    total $210,620 · program services $168,496 · management and general $42,124

  • 7 · Other salaries and wages

    total $1,842,706 · program services $1,566,727 · management and general $252,631 · fundraising $23,348

  • 8 · Pension plan contributions

    total $57,409 · program services $48,354 · management and general $9,055

  • 9 · Other employee benefits

    total $177,387 · program services $149,570 · management and general $27,817

  • 10 · Payroll taxes

    total $156,869 · program services $131,545 · management and general $25,324

  • 11b · Fees: legal

    total $2,342 · management and general $2,342

  • 11c · Fees: accounting

    total $1,500 · management and general $1,500

  • 11g · Fees: other

    total $345,320 · program services $266,294 · management and general $70,786 · fundraising $8,240

  • 12 · Advertising and promotion

    total $10,360 · program services $5,909 · management and general $4,451

  • 13 · Office expenses

    total $28,922 · program services $279 · management and general $28,643

  • 16 · Occupancy

    total $293,618 · program services $128,814 · management and general $164,804

  • 17 · Travel

    total $48,011 · program services $42,303 · management and general $5,664 · fundraising $44

  • 19 · Conferences, conventions and meetings

    total $51,961 · program services $51,301 · fundraising $660

  • 20 · Interest

    total $75,969 · program services $5,008 · management and general $70,961

  • 22 · Depreciation, depletion and amortization

    total $124,137 · program services $122,859 · management and general $1,278

  • 23 · Insurance

    total $29,222 · management and general $29,222

  • 24a · Other expenses: OVERHEAD:SOFTWARE PURCHAS

    total $51,747 · program services $40,603 · management and general $11,144

  • 24b · Other expenses: OVERHEAD:EQUIPMENT MAINTE

    total $42,851 · program services $42,851

  • 24c · Other expenses: DIRECT COSTS:SOFTWARE PUR

    total $14,263 · program services $14,263

  • 24d · Other expenses: OVERHEAD:ACCREDITATION &

    total $13,464 · program services $13,464

  • 24e · All other expenses

    total $49,418 · program services $45,824 · management and general $3,594

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $149,486 · end of year $185,857

  • 4 · Accounts receivable

    beginning of year $186,045 · end of year $313,682

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,448 · end of year $17,931

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

    $1,725,287

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

    $1,488,537

  • 10c · Land, buildings and equipment, net

    beginning of year $360,887 · end of year $236,750

  • 11 · Investments: publicly traded securities

    end of year $3,400

  • 14 · Intangible assets

    beginning of year $26,606 · end of year $26,607

  • 15 · Other assets

    beginning of year $3,401 · end of year $645,157

  • 17 · Accounts payable and accrued expenses

    beginning of year $342,552 · end of year $461,103

  • 19 · Deferred revenue

    beginning of year $52,500 · end of year $72,667

  • 24 · Unsecured notes and loans payable

    beginning of year $1,237,161 · end of year $1,787,079

  • 25 · Other liabilities

    beginning of year $307,910 · end of year $308,263

  • 27 · Net assets without donor restrictions

    beginning of year -$1,209,250 · end of year -$1,199,728

Mission and programs · 2024

Mission

THE WIRELESS RESEARCH CENTER IS AN INDEPENDENT, PRIVATE NONPROFIT RESEARCH CENTER DEDICATED TO APPLIED RESEARCH AND ENGINEERING. LOCATED IN NORTH CAROLINA'S RESEARCH TRIANGLE REGION, THE WRC HELPS CLIENTS FROM AROUND THE WORLD DEVELOP PRODUCTS AND SERVICES THAT ADVANCE WIRELESS TECHNOLOGY INNOVATION. THE WRC FOSTERS GLOBAL COLLABORATION AMONG COMPANIES, INDUSTRY GROUPS, ACADEMIC INSTITUTIONS AND OTHER RESEARCH ORGANIZATIONS.

  • WRC TECHNOLOGIES SERVES CLIENTS AS A TRUSTED RESEARCH, DEVELOPMENT TESTING AND EVALUATION PARTNER PROVIDING ACCESS TO UNIQUE ENGINEERING AND HARDWARE RESOURCES. WRC TECHNOLOGIES ALSO SUPPORTS DUAL-USE (COMMERCIAL AND GOVERNMENT) CUSTOMERS WITH ENGINEERING AND COMMERCIALIZATION SUPPORT.

    Expenses $1,711,670 · Revenue $1,722,205

  • DIGITALBRIDGE SUPPORTS WORKFORCE DEVELOPMENT BY PROVIDING CUSTOMIZED MENOTR-DRIVEN ACCESS TO ONLINE DIGITAL SKILLS TRAINING PROGRAMS THAT ARE ENABLED THROUGH BROADBAND CONNECTIVITY.

    Expenses $237,266 · Grants $175

  • RIOT PROMOTES ENTREPRENEURSHIP AND INNOVATION OF IOT (INTERNET OF THINGS) ENABLED SOLUTIONS BY MANAGING REGIONAL ACCELERATOR PROGRAMS, HOSTING COMMUNITY NETWORK BUILDING EVENTS, AND PROVIDING THOUGHT LEADERSHIP GUIDANCE TO REGIONAL ECONOMICDEVELOPMENT AGENCIES AND MUNICIPALITIES.RIOT HAS LAUNCHED 22 ACCELERATOR PROGRAMS, SERVED OVER 200 STARTUP COMPANIES, FACILITATED THE CREATION OF OVER 1,000 FULL-TIME EQUIVALENT JOBS, AND SUPPORTED THE RAISE OF OVER 400M.

    Expenses $911,703 · Grants $16,000 · Revenue $980,460

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Gerard Hayes

    PRESIDENT

    Total calculated
    $203,076
    From this org
    $170,313
    From related orgs
    $0
    Other
    $32,763
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $170,313
    Bonus
    not reported
    Other
    not reported
    Deferred
    $7,385
    Nontaxable benefits
    $25,378
    Filer's total
    $203,076

  • Asokan Ramanathan

    EMPLOYEE

    Total calculated
    $195,113
    From this org
    $173,512
    From related orgs
    $0
    Other
    $21,601
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $173,512
    Bonus
    not reported
    Other
    not reported
    Deferred
    $5,673
    Nontaxable benefits
    $15,928
    Filer's total
    $195,113

  • Gregory Dunko

    EMPLOYEE

    Total calculated
    $191,236
    From this org
    $160,017
    From related orgs
    $0
    Other
    $31,219
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,017
    Bonus
    not reported
    Other
    not reported
    Deferred
    $6,400
    Nontaxable benefits
    $24,819
    Filer's total
    $191,236

  • John C Swartz

    EMPLOYEE

    Total calculated
    $176,225
    From this org
    $160,473
    From related orgs
    $0
    Other
    $15,752
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,473
    Bonus
    not reported
    Other
    not reported
    Deferred
    $6,221
    Nontaxable benefits
    $9,531
    Filer's total
    $176,225

  • Thomas David Synder

    EMPLOYEE

    Total calculated
    $172,463
    From this org
    $150,015
    From related orgs
    $0
    Other
    $22,448
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,015
    Bonus
    not reported
    Other
    not reported
    Deferred
    $6,520
    Nontaxable benefits
    $15,928
    Filer's total
    $172,463

  • Koichiro Takamizawa

    EMPLOYEE

    Total calculated
    $155,357
    From this org
    $151,333
    From related orgs
    $0
    Other
    $4,024
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $151,333
    Bonus
    not reported
    Other
    not reported
    Deferred
    $3,313
    Nontaxable benefits
    $711
    Filer's total
    $155,357

  • Neal Ellis

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Phillip Emer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Vivian Jones

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Joseph Murry

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Robert White

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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 · Form 990 of other organizations

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

Provenance

Return type
form_990
Tax year
2024
Filed
13 August 2026
IRS schema version
2024v5.0
Source object
202632269349301828

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