Wireless Research Center Of North Carolina
- Assets
- $2.7m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 29
- Location
- Wake Forest, NC
- Founding
- 06/2011
- Data as of
- 09/2021
- EIN
- 27-3397703
Organization Overview
Wireless Research Center Of North Carolina is located in Wake Forest, NC. The organization was established in 2011. According to its NTEE Classification (U40) the organization is classified as: Engineering & Technology, under the broad grouping of Science & Technology and related organizations. As of 09/2021, Wireless Research Center Of North Carolina employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wireless Research Center Of North Carolina 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 09/2021, Wireless Research Center Of North Carolina generated $4.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.1% each year . All expenses for the organization totaled $4.1m during the year ending 09/2021. While expenses have increased by 18.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE WIRELESS RESEARCH CENTER OF NORTH CAROLINA (WRC) IS A NON-PROFIT ORGANIZATION THAT OFFERS ENGINEERING SERVICES AND TESTING FOR WIRELESS COMMUNICATIONS, AND FACILITATES ENTREPRENEURIAL DEVELOPMENT FOR WIRELESS-ENABLED TECHNOLOGIES.THE FOUNDERS AND THE COMMUNITY CREATED THE WRC TO ENCOURAGE ECONOMIC DEVELOPMENT IN THE REGION. A NONPROFIT STRUCTURE ENSURES NEUTRALITY, SPECIFICALLY WHEN IT CAME TO REVIEWING AN INVENTOR'S PATENTS AND OR INTELLECTUAL PROPERTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WRC OFFERS ANTENNA AND WIRELESS ENGINEERING CONSULTATION, WIRELESS TESTING, REGULATORY COMPLIANCE, RESEARCH AND DEVELOPMENT, NON PROFIT RESEARCH GRANT PARTNERSHIPS, INTELLECTUAL PROPERTY REVIEW AND PREPARATION, TECHNICAL GUIDANCE AND INCUBATION OPPORTUNITIES.
THE WRC OFFERS ANTENNA AND WIRELESS ENGINEERING CONSULTATION, WIRELESS TESTING, REGULATORY COMPLIANCE, RESEARCH AND DEVELOPMENT, NON PROFIT RESEARCH GRANT PARTNERSHIPS, INTELLECTUAL PROPERTY REVIEW AND PREPARATION, TECHNICAL GUIDANCE AND INCUBATION OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gerard Hayes President | Officer | 50 | $233,217 |
Vivian Jones Vice Chair | OfficerTrustee | 1 | $0 |
Joseph Murray Chair | OfficerTrustee | 3 | $0 |
Neal Ellis Secretary | OfficerTrustee | 1 | $0 |
Phillip Emer Board Member | Trustee | 1 | $0 |
Robert White Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $790,806 |
| All other contributions, gifts, grants, and similar amounts not included above | $630,524 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,421,330 |
| Total Program Service Revenue | $2,640,721 |
| Investment income | $1,873 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $79,409 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,143,333 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,000 |
| 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. | $206,948 |
| Compensation of current officers, directors, key employees. | $55,664 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,372,159 |
| Pension plan accruals and contributions | $72,443 |
| Other employee benefits | $320,611 |
| Payroll taxes | $188,860 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $500 |
| Fees for services: Accounting | $7,688 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $319,744 |
| Advertising and promotion | $0 |
| Office expenses | $36,245 |
| Information technology | $64,509 |
| Royalties | $0 |
| Occupancy | $353,838 |
| Travel | $39,041 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,647 |
| Interest | $35,134 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $24,039 |
| All other expenses | $0 |
| Total functional expenses | $4,118,299 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $221,230 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $740,203 |
| 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 | $19,236 |
| Net Land, buildings, and equipment | $1,673,606 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $26,606 |
| Other assets | $0 |
| Total assets | $2,680,881 |
| Accounts payable and accrued expenses | $317,033 |
| Grants payable | $0 |
| Deferred revenue | $48,925 |
| 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 | $30,920 |
| Unsecured mortgages and notes payable | $1,308,728 |
| Other liabilities | $0 |
| Total liabilities | $1,705,606 |
| Net assets without donor restrictions | $975,275 |
| Net assets with donor restrictions | $0 |
| 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 | $2,680,881 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Wireless Research Center Of North Carolina has recieved totaling $75.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $75 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Society Of Black Engineers Alexandria, VA | $28,465,255 | $16,810,333 |
Mitre Engenuity Incorporated Mclean, VA | $0 | $8,318,024 |
South Carolina Research Authority columbia, SC | $104,791,332 | $17,524,075 |
Analysis And Resilience Center For Systemic Risk Inc Arlington, VA | $11,004,408 | $11,753,500 |
Technical Association Of The Pulp & Paper Industry Inc Peachtree Corners, GA | $27,342,893 | $7,884,355 |
Commonwealth Center For Advanced Manufacturing Disputanta, VA | $5,017,532 | $9,261,714 |
Wireless Research Center Of North Carolina Wake Forest, NC | $2,680,881 | $4,143,333 |
Nc Propane Education & Research Foundation Raleigh, NC | $219,605 | $1,101,241 |
North Carolina Technology Association Inc Raleigh, NC | $1,304,382 | $1,458,106 |
The Conservative Caucus Foundation Fairfax, VA | $117,863 | $1,627,492 |
Association For Information Science & Technology Leesburg, VA | $2,529,650 | $1,245,429 |
Georgiafirst Robotics Inc Cumming, GA | $615,858 | $592,170 |