Angier B Duke Memorial Inc Term
- Assets
- $45.9m
- Revenue
- $1.4m
- Investments
- $44.9m
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 08/1991
- Data as of
- 12/2021
- EIN
- 13-6113895
Organization Overview
Angier B Duke Memorial Inc Term is located in Charlotte, NC. The organization was established in 1991. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Angier B Duke Memorial Inc Term is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Angier B Duke Memorial Inc Term generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP SCHOLARSHIPS AND TO PROMOTE AND FURTHER THE ARTS, SCIENCES, AND PROFESSIONS AT DUKE UNIVERSITY AND FOR THAT PURPOSE TO ESTABLISH SCHOLARSHIPS AND TO ASSIST WORTHY STUDENTS AT THE UNIVERSITY.
Describe the Organization's Program Activity:
THE ANGIER B. DUKE MEMORIAL, INC. IS A NONPROFIT MEMBERSHIP CORPORATION ESTABLISHED IN 1925 TO DEVELOP SCHOLARSHIPS AND TO PROMOTE AND FURTHER THE ARTS, SCIENCES, AND PROFESSIONS AND TO ASSIST WORTHY STUDENTS. THE MEMORIAL LIMITS ITS ASSISTANCE FOR THESE PURPOSES TO DUKE UNIVERSITY. AT DUKE, THE MEMORIAL CONTRIBUTES TO THE ANGIER B. DUKE MEMORIAL SCHOLARSHIP PROGRAM OF DUKE UNIVERSITY WHICH AWARDS SCHOLARSHIPS TO INDIVIDUALS WITH DEMONSTRATED ACADEMIC AND PERSONAL ACHIEVEMENT AND OUTSTANDING PROMISE OF SUCCESS IN THEIR CHOSEN FIELDS. AWARDS CONSIST OF FULL TUITION; SIX WEEKS OF SUMMER STUDY AT NEW COLLEGE, OXFORD; THE OPTION OF TWO SEMESTERS OF STUDY ABROAD OR ELSEWHERE IN THE U.S.; AND IN SOME CASES ADDITIONAL FINANCIAL ASSISTANCE, IF THERE IS DEMONSTRATED NEED.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jean G Spaulding Vice Chair | OfficerTrustee | 0.5 | $0 |
Dennis M Campbell Vice Chair | OfficerTrustee | 0.5 | $0 |
Minor M Shaw Chair | OfficerTrustee | 0.5 | $0 |
Karen H Rogers Cfo, Treasurer & Secretary | Officer | 0.25 | $0 |
Susan L Mcconnell VP & Dir. Of Hr & Higher Ed | Officer | 0.5 | $0 |
Rhett N Mabry President | Officer | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $1,250,035 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $138,795 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,388,830 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,000,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $34,000 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $510 |
| Total functional expenses | $1,065,425 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,022,933 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $44,889,793 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $45,912,726 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $45,912,726 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $45,912,726 |
Endowment Analysis
| Beg. Balance | $32,849,007 |
| Earnings | $14,129,144 |
| Admin Expense | $65,425 |
| Grants | $1,000,000 |
| Ending Balance | $45,912,726 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mvle Inc Springfield, VA | $9,312,046 | $13,677,162 |
Potomac Institute For Policy Studies Arlington, VA | $5,742,038 | $10,808,828 |
The Daily Planet Inc Richmond, VA | $12,184,739 | $13,097,113 |
National Association Of Landscape Professionals Inc Fairfax, VA | $7,212,406 | $10,869,487 |
Bill Of Rights Institute Arlington, VA | $5,390,472 | $9,362,557 |
Oe Enterprises Incorporated Hillsborough, NC | $3,102,909 | $7,461,058 |
Good Shepherd India Virginia Beach, VA | $1,558,138 | $7,285,527 |
Contemporary Science Center Research Triangle Park, NC | $12,289,489 | $6,780,617 |
St Vincents Home Roanoke, VA | $12,045,312 | $7,784,150 |
Brotherhood Of Maintenance Of Way Employees Hendersonville, TN | $4,697,141 | $6,259,699 |
Foundation For American Freedom Alexandria, VA | $368,633 | $6,195,500 |
Good Shepherd Medication Management Memphis, TN | $2,325,879 | $2,559,042 |