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EIN 01-0702442

NC Idea

IRS 501(c) type
501(c)(3)
Num. employees
6
City
Durham
State
North Carolina
Year formed
2003
Most recent tax filings
2023-06-01
NTEE code, primary
T20: Private Foundations
Description
NC IDEA serves as a catalyst for young, high-growth, technology companies in North Carolina. They help these innovative companies mainly by providing early financing in the form of grants.
Total revenues
$3,122,027
2023
Total expenses
$6,348,635
2023
Total assets
$52,864,812
2023
Num. employees
6
2023

Program areas at NC Idea

NC Idea aided in the formation, financing, and growth of early-stage technology companies through mentoring, outreach activities, and technology commercialization grants.
Revenues generated to operate grant programs

Grants made by NC Idea

GranteeGrant descriptionAmount
The Shaw UniversityEcosystem Grants$150,000
WE Power FoodEcosystem Grants$123,495
NXTCLTEcosystem Grants$100,000
...and 37 more grants made totalling $969,245

Who funds NC Idea

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
VentureWellFunding for New Initiatives That Will Develop Into Useful Resources for the Venturewell Community and Beyond.$10,000

Personnel at NC Idea

NameTitleCompensation
Thom RuhePresident and Chief Executive Officer
Thomas R RuheChief Executive Officer$405,692
Ben ReddingChief Financial Officer
Amy BastianVice President , Grants and Programs$130,283
Andrea CookSenior Director , Marketing$103,030
...and 8 more key personnel

Financials for NC Idea

RevenuesFYE 06/2023
Total grants, contributions, etc.$126,112
Investment income and dividends$689,551
Net rental income$0
Net gain from sale of non-inventory assets$1,794,010
Gross sales of inventory$0
Miscellaneous revenues$512,354
Total revenues$3,122,027

Form 990s for NC Idea

Fiscal year endingDate received by IRSFormPDF link
2023-062024-03-12990PFView PDF
2022-062023-03-18990PFView PDF
2021-062022-03-12990PFView PDF
2020-062021-06-15990PFView PDF
2019-062020-10-02990PRView PDF
...and 11 more Form 990s
Data update history
September 25, 2024
Updated personnel
Identified 2 new personnel
July 10, 2024
Received grants
Identified 1 new grant, including a grant for $10,000 from VentureWell
May 31, 2024
Posted financials
Added Form 990PF for fiscal year 2023
May 21, 2024
Updated personnel
Identified 1 new personnel
November 25, 2023
Posted financials
Added Form 990PF for fiscal year 2021
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate non-operating foundationsCharities
Issues
Science and technology
Characteristics
Provides grantsConducts researchPartially liquidatedState / local levelTax deductible donationsAccepts online donations
General information
Address
411 W Chapel Hill St C2
Durham, NC 27701
Metro area
Durham-Chapel Hill, NC
County
Durham County, NC
Website URL
ncidea.org/ 
Phone
(919) 941-5600
Facebook page
ncidea 
Twitter profile
@ncidea 
IRS details
EIN
01-0702442
Fiscal year end
June
Taxreturn type
Form 990-PF
Year formed
2003
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T20: Private Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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