NORTH CAROLINA BIOTECHNOLOGY CENTER

As filed

Subsection

03

NTEE code

U500

Classification

8000

Street

15 TW ALEXANDER DR

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

• OUR COMMERCIALIZATION PROGRAM COMBINES THE SCIENCE AND TECHNOLOGY DEVELOPMENT AND THE EMERGING COMPANY DEVELOPMENT PROGRAMS INTO ONE. SCIENCE AND TECHNOLOGY DEVELOPMENT PROGRAM IS A FUNDAMENTAL PROGRAM OF THE NORTH CAROLINA BIOTECHNOLOGY CENTER. THE GOAL OF THIS PROGRAM IS TO STRENGTHEN THE STATE'S INFRASTRUCTURE FOR LIFE SCIENCE RESEARCH WHICH IS AN ESSENTIAL PREREQUISITE FOR SCIENTIFIC ADVANCES LEADING TO NEW PRODUCTS AND APPLICATIONS. TO MEET THIS GOAL, THE PROGRAM PROVIDES SERVICES AND SUPPORT TO STATE UNIVERSITIES, COLLEGES, AND NONPROFIT INSTITUTIONS THAT CONTRIBUTE TO LIFE SCIENCE DEVELOPMENT THROUGH RESEARCH, TEACHING, AND PUBLIC SERVICE. SUPPORT IS PRIMARILY PROVIDED IN THE FORM OF GRANTS. SINCE 1984, THE PROGRAM HAS PROVIDED OVER $145 MILLION TO ENHANCE THE RESEARCH AND INTELLECTUAL CAPABILITIES OF THE STATE'S ACADEMIC AND NONPROFIT RESEARCH INSTITUTIONS. THE EMERGING COMPANIES DEVELOPMENT PROGRAM IS THE SECOND LARGEST PROGRAM OF THE NORTH CAROLINA BIOTECHNOLOGY CENTER. THE GOAL OF THIS PROGRAM IS TO STRENGTHEN AND SUPPORT NORTH CAROLINA LIFE SCIENCE COMPANIES WITH FUNDING; TECHNOLOGY ASSESSMENT; STRATEGIC PARTNERSHIPS; BUSINESS PLAN ADVICE; NETWORKING AND CAREER TRANSITION SUPPORT; INFORMATION ON VENTURE CAPITAL AND AVAILABLE LABORATORY SPACE; AND PROFESSIONAL REFERRALS. THE LOAN PROGRAM IN PARTICULAR PROVIDES LOANS TO EARLY STAGE COMPANIES. THESE LOANS ARE DESIGNED TO SUPPORT LIFE SCIENCE COMPANY INCEPTION, RESEARCH, AND GROWTH.

  Expenses $8,895,001 · Grants $5,717,065 · Revenue $833,103

• THE ECONOMIC DEVELOPMENT PROGRAM NOW INCLUDES STATEWIDE DEVELOPMENT, AG SECTOR AND LIFE SCIENCE DEVELOPMENT PROGRAMS. THE AGRICULTURAL SECTOR DEVELOPMENT PROGRAM IS A PROGRAM OF THE NORTH CAROLINA BIOTECHNOLOGY CENTER FOCUSED ON THE LARGEST INDUSTRY SECTOR IN THE STATE - AGRICULTURE. THE CORE FOCUS OF THE PROGRAM IS TO SUPPORT THE LARGEST GLOBAL ECONOMIC CLUSTER OF AGRICULTURE BIOTECHNOLOGY IN ITS CONTINUED GROWTH AND CONTRIBUTION. THE AGRICULTURE BIOTECHNOLOGY PROGRAM FOSTERS A DYNAMIC AGRICULTURE COMMUNITY, IMPROVES TECHNOLOGY AND VALUE, AND ATTRACTS AND SUSTAINS JOBS IN AGRICULTURE TO THE STATE. SINCE 2010, MANY COMPANIES SUPPORTING THOUSANDS OF JOBS HAVE BEEN IDENTIFIED AND ENGAGED BY THE PROGRAM.

  Expenses $5,666,182 · Grants $718,297

• THE SECTOR DEVELOPMENT PROGRAM INCLUDES THE EMERGING SECTOR DEVELOPMENT, CONFERENCE CENTER AT NC BIOTECH AND LIFE SCIENCE INTELLIGENCE PROGRAMS. THE CONFERENCE CENTER IS AN EVENT AND MEETING SPACE SOLUTION FOR NUMEROUS LIFE SCIENCE COMPANIES, ORGANIZATIONS AND EDUCATIONAL INSTITUTIONS. IT INCLUDES MEETING AND CATERING SERVICES AND CO-WORKING SPACES. IN ADDITION TO MARKET INTELLIGENCE, THE LSI TEAM IS RESPONSIBLE FOR NETWORK SECURITY AND IT SUPPORT, TECHNICAL SUPPORT FOR THE CENTER'S WEBSITE, CORPORATE RECORD RETENTION AND HISTORICAL ARCHIVES, MANAGEMENT OF THE CENTER'S CLIENT RELATIONSHIP MANAGEMENT SYSTEM, CENTER-WIDE IMPACT MEASUREMENTS, AND PROJECT MANAGEMENT.

  Expenses $4,228,899 · Grants $136,321 · Revenue $1,746,418

• GENERAL AND ADMINISTRATIVE GRANTS, LOANS AND CONTRIBUTIONS.

  Expenses $68,612 · Grants $68,612 · Revenue $654,864

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

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

The first 25 listed. 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. Earlier years are each on their own filing page.

Filings

• 2024

  Revenue

  $21,049,562

  Expenses

  $22,423,173

  Contributions

  $17,346,311

  Grants paid

  $6,640,295

• 2023

  Revenue

  $23,117,302

  Expenses

  $24,027,592

  Contributions

  $19,590,078

  Grants paid

  $8,040,739

• 2022

  Revenue

  $21,886,317

  Expenses

  $18,520,073

  Contributions

  $17,737,762

  Grants paid

  $4,402,611

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

• 2021 · 990

  Revenue

  $19,911,762

  Expenses

  $16,365,269

  Assets (EOY)

  $40,603,397

• 2020 · 990

  Revenue

  $16,619,048

  Expenses

  $16,539,413

  Assets (EOY)

  $36,440,488

• 2019 · 990

  Revenue

  $15,606,451

  Expenses

  $18,189,767

  Assets (EOY)

  $36,713,001

• 2018 · 990

  Revenue

  $15,039,030

  Expenses

  $17,289,381

  Assets (EOY)

  $39,746,777

• 2017 · 990

  Revenue

  $15,831,590

  Expenses

  $15,630,408

  Assets (EOY)

  $42,443,719

• 2016 · 990

  Revenue

  $20,839,110

  Expenses

  $14,561,681

  Assets (EOY)

  $42,151,820

• 2015 · 990

  Revenue

  $14,922,664

  Expenses

  $16,306,952

  Assets (EOY)

  $37,040,944

• 2014 · 990

  Revenue

  $15,123,117

  Expenses

  $14,752,815

  Assets (EOY)

  $38,028,399

• 2013 · 990

  Revenue

  $13,966,587

  Expenses

  $14,907,756

  Assets (EOY)

  $38,520,074

• 2012 · 990

  Revenue

  — not reported

  Expenses

  $20,922,955

  Assets (EOY)

  $41,225,305

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

• DUKE UNIVERSITY

  $1,268,245

  2023 · RESEARCH

• UNC-CHAPEL HILL

  $813,168

  2023 · RESEARCH

• UNC-CHAPEL HILL

  $711,065

  2024 · RESEARCH

• NORTH CAROLINA STATE UNIVERSITY

  $543,359

  2022 · RESEARCH

• NORTH CAROLINA STATE UNIVERSITY

  $534,743

  2023 · RESEARCH

• NORTH CAROLINA STATE UNIVERSITY

  $486,254

  2024 · RESEARCH

• DUKE UNIVERSITY

  $451,043

  2024 · RESEARCH

• UNC-CHAPEL HILL

  $424,925

  2022 · RESEARCH

• UNC-WILMINGTON

  $311,144

  2024 · RESEARCH

• WAKE FOREST UNIVERSITY HEALTH

  $293,627

  2024 · RESEARCH

The 10 largest by cash amount. The API serves every itemized grant.

Where these grants went next →

Grants received

• UNIVERSITY OF DELAWARE

  $73,437

  2022 · RESEARCH SUBAWARD

• RESEARCH TRIANGLE FOUNDATION OF NORTH CAROLINA

  $12,500

  2024 · SPONSORSHIP OF BOOK WRITTEN ABOUT RTP

• RESEARCH TRIANGLE INSTITUTE

  $10,000

  2022 · General Support

• CHARITIES AID FOUNDATION AMERICA

  $7,500

  2022 · CHARITABLE DONATION

• NORTH CAROLINA ELECTRIC MEMBERSHIP CORPORATION

  $5,500

  2024 · EDUCATIONAL ASSISTANCE

• AGTECH INNOVATION ALLIANCE

  $5,000

  2025 · Stipend for AgTech Nation

• AGTECH INNOVATION ALLIANCE

  $5,000

  2024 · Stipend for AgTech Nation

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Other IRS files