EIN 56-1434024

North Carolina Biotechnology Center

IRS 501(c) type
501(c)(3)
Num. employees
79
Year formed
1984
Most recent tax filings
2022-06-01
Description
North Carolina Biotechnology Center aids researchers, businesses, and governments in biotech-related efforts through grants, loans, and other services. Its commercialization program combines science and technology development with emerging company development. Sector development includes the conference center as an event space solution for numerous life science companies.
Total revenues
$19,911,762
2022
Total expenses
$16,365,269
2022
Total assets
$40,603,397
2022
Num. employees
79
2022

Program areas at North Carolina Biotechnology Center

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 $143 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.
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. The lsi team's activities make it the largest at the Center. In addition to market intelligence, the 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.
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.

Grants made by North Carolina Biotechnology Center

GranteeGrant descriptionAmount
University of North Carolina at Chapel HillResearch$531,977
Duke UniversityResearch$316,878
Wake Forest University Health SciencesResearch$253,956
...and 6 more grants made

Who funds North Carolina Biotechnology Center

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
University of Delaware (UD)Research Subaward$22,724

Personnel at North Carolina Biotechnology Center

NameTitleCompensation
Douglas L EdgetonPresident and Chief Executive Officer$321,360
Mark StohlmanVice President Finance and Assistant Treasurer / Vice President Finance and Assistant Treas. / Vice President , Finance$149,134
Susie CorbettVice President , It Lsi$151,398
Mary Beth ThomasSenior Vice President , Science and Bus Dev. / Senior Vice President , Science and Business Development / Vice President , Emerging Sector Development / Vice President , Centers of Innovation Program$187,189
Robert LindbergVice President , Science and Technology Dev. / Vice President , Sci and Technology Development / Vice President Science and Technology Development / Vice President , Science and Technology Development$147,959
...and 10 more key personnel

Financials for North Carolina Biotechnology Center

RevenuesFYE 06/2022
Total grants, contributions, etc.$17,301,129
Program services$2,389,551
Investment income and dividends$64,849
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$73,028
Net gain from sale of non-inventory assets$83,205
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$19,911,762

Form 990s for North Carolina Biotechnology Center

Fiscal year endingDate received by IRSFormPDF link
2021-062022-05-04990View PDF
2020-062021-05-18990View PDF
2019-062021-01-27990View PDF
2018-062019-08-17990View PDF
2017-062018-09-12990View PDF
...and 7 more Form 990s

Organizations like North Carolina Biotechnology Center

OrganizationLocationRevenue
Prince William Sound Science & Technology InstituteCordova, AK$13,752,269
New York Structural Biology Center (NYSBC)New York, NY$20,379,459
Mount Desert Island Biological Laboratory (MDIBL)Salisbury Cove, ME$21,825,438
Institute for Systems BiologyRenton, WA$43,313,392
Marine Biological Laboratory (MBL)Woods Hole, MA$59,784,190
Santa Fe Institute (SFI)Santa Fe, NM$57,773,982
Omni InstituteDenver, CO$5,176,918
Cary Institute of Ecosystem StudiesMillbrook, NY$15,688,779
Bigelow Laboratory for Ocean SciencesEast Boothbay, ME$20,387,195
J Craig Venter InstituteLa Jolla, CA$25,447,926
Data update history
May 11, 2023
Updated personnel
Identified 2 new personnel
May 9, 2023
Used new vendors
Identified 2 new vendors, including , and
April 27, 2023
Updated personnel
Identified 5 new personnel
November 24, 2022
Used new vendors
Identified 1 new vendor, including
April 19, 2022
Updated personnel
Identified 6 new personnel
Nonprofit Types
Research centersCharities
Issues
Science and technology
Characteristics
Conducts researchLobbyingState / local levelReceives government fundingTax deductible donations
General information
Address
PO Box 13547
Research Triangle Park, NC 27709
Metro area
Durham-Chapel Hill, NC
County
Durham County, NC
Website URL
ncbiotech.org/ 
Phone
(919) 541-9366
Facebook page
ncbiotech 
Twitter profile
@ncbiotech 
IRS details
EIN
56-1434024
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1984
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
U50: Biological, Life Science Research
NAICS code, primary
5417: Scientific Research and Development Services
Parent/child status
Independent
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