Nc Idea
- Assets
- $0.0
- Revenue
- -$1.4m
- Investments
- $33.7m
- Employees
- 0
- Location
- Durham, NC
- Founding
- 11/2002
- Data as of
- 06/2020
- EIN
- 01-0702442
Organization Overview
Nc Idea is located in Durham, NC. The organization was established in 2002. According to its NTEE Classification (U41) the organization is classified as: Computer Science, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. NC Idea is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2015, NC Idea has awarded 659 individual grants totaling $12,500,890. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PERFORM CERTAIN FUNCTIONS OF, AND/OR CARRY OUT CERTAIN PURPOSES OF THE COUNCIL FOR ENTREPRENEURIAL DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NC IDEA AIDED IN THE FORMATION, FINANCING, AND GROWTH OF EARLY-STAGE TECHNOLOGY COMPANIES THROUGH MENTORING, OUTREACH ACTIVITIES, AND TECHNOLOGY COMMERCIALIZATION GRANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas R Ruhe CEO | 40 | $371,178 | |
Benjamin Redding Chief Financial Offi | 40 | $157,919 | |
Amy Bastian Senior Director | 40 | $108,392 | |
John D Austin Senior Director | 40 | $105,474 | |
Andrea Cook Senior Director | 40 | $101,155 | |
Barry Ryan Senior Director | 40 | $99,154 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Entrepreneurial Learning Initiative | 6/29/21 | $91,000 |
Convergent Nonprofit Solutions Llc | 6/29/21 | $136,415 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $8,003 |
| Interest on Savings | $8,453 |
| Dividends & Interest | $424,431 |
| Profit on Inventory Sales | $0 |
| Other Income | -$621,452 |
| Total Revenue | -$1,424,982 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $387,896 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $14,022 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $1,838,879 |
| Contributions, gifts, grants paid | $1,998,705 |
| Total expenses and disbursements | $3,837,584 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,881,609 |
| Investments—mortgage loans | $0 |
| Investments—other | $33,692,520 |
| Other assets | $387,785 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Nc Idea has awarded $3,566,291 in support to 207 organizations.
| Grant Recipient | Amount |
|---|---|
BATTERYXCHANGE PURPOSE: ECOSYSTEM GRANTS | $75,000 |
DAVOS CORPORATION PURPOSE: ECOSYSTEM GRANTS | $75,000 |
COURTROOM5 PURPOSE: ECOSYSTEM GRANTS | $75,000 |
RENAISSANCE FIBER LLC PURPOSE: ECOSYSTEM GRANTS | $75,000 |
SMART GIRLS HQ PURPOSE: ECOSYSTEM GRANTS | $75,000 |
Durham, NC PURPOSE: ECOSYSTEM GRANTS | $70,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nc Idea Durham, NC | $0 | -$1,424,982 |
Corporation For National Research Initiatives Reston, VA | $8,623,101 | $3,063,779 |
Real Estate Standards Organization Raleigh, NC | $3,130,508 | $3,018,827 |
Information Technology Alliance Inc Raleigh, NC | $454,867 | $819,469 |
Fedora Commons Inc Atlanta, GA | $0 | $1,039,056 |
Csra Inc Veba Tr Reston, VA | $2,257,065 | $668,158 |
Standard Performance Evaluation Corporation Gainesville, VA | $3,321,624 | $829,986 |
Mid-Atlantic Research Infrastructure Alliance Blacksburg, VA | $1,655,387 | $558,133 |
World Information Technology And Services Alliance Fairfax, VA | $97,179 | $57,997 |
Us Technology Leadership Council Alexandria, VA | $119,120 | $235,609 |
The Widernet Project Durham, NC | $32,201 | $121,970 |
South Carolina Information Technology Directors Association Columbia, SC | $250,718 | $94,276 |