Dumac Inc
- Assets
- $16.8m
- Revenue
- $22.0m
- Investments
- $5.9m
- Employees
- 0
- Location
- Durham, NC
- Founding
- 10/2011
- Data as of
- 06/2021
- EIN
- 90-0754895
Organization Overview
Dumac Inc is located in Durham, NC. The organization was established in 2011. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dumac Inc 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 06/2021, Dumac Inc generated $22.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $23.2m during the year ending 06/2021. While expenses have increased by 1.8% 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
SEE SCHEDULE O FOR ORGANIZATION'S MISSION STATEMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
DUMAC, INC. OPERATES AS A SUPPORTING ORGANIZATION TO DUKE UNIVERSITY. ALL OF THE EXPENSES INCURRED ARE RELATED TO THE INVESTMENT MANAGEMENT AND RELATED SERVICES PROVIDED ON A NOT-FOR-PROFIT, COST-SHARING BASIS TO DUKE UNIVERSITY, ITS AFFILIATES (INCLUDING DUKE UNIVERSITY HEALTH SYSTEM, INC. THE EMPLOYEES' RETIREMENT PLAN OF DUKE UNIVERSITY) AND THE DUKE ENDOWMENT, A PRIVATE FOUNDATION WHICH UNDER THE TERMS OF ITS INDENTURE AND BY ACTION OF ITS SEPARATE BOARD OF TRUSTEES PROVIDES SUBSTANTIAL SUPPORT TO DUKE UNIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Neal F Triplett Director/president | OfficerTrustee | 0.1 | $0 |
Anil Madhok Treasurer | Officer | 0.1 | $0 |
Robert Mcgrail Secretary | Officer | 0.1 | $0 |
Kevin A Baggett MD Director | Trustee | 0.1 | $0 |
Cynthia L Meyn Director | Trustee | 0.1 | $0 |
Thruston Morton Director | Trustee | 0.1 | $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 | $21,829,464 |
| Investment income | $22,739 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $181,879 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,034,082 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $4,989,698 |
| 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 | $1,071,319 |
| Fees for services: Accounting | $43,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,296,368 |
| Advertising and promotion | $0 |
| Office expenses | $83,776 |
| Information technology | $113,466 |
| Royalties | $0 |
| Occupancy | $830,292 |
| Travel | $4,173 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $254,876 |
| Insurance | $5,084 |
| All other expenses | $20,328 |
| Total functional expenses | $23,201,391 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,867,320 |
| Savings and temporary cash investments | $0 |
| 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 | $711,488 |
| Net Land, buildings, and equipment | $1,517,901 |
| Investments—publicly traded securities | $1,800,075 |
| Investments—other securities | $5,932,741 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,829,525 |
| Accounts payable and accrued expenses | $1,443,916 |
| Grants payable | $0 |
| Deferred revenue | $4,821,270 |
| 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 | $2,862,717 |
| Total liabilities | $9,127,903 |
| Net assets without donor restrictions | $7,701,622 |
| 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 | $16,829,525 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dumac Inc Durham, NC | $16,829,525 | $22,034,082 |
National Institute For Excellence In Teaching Nashville, TN | $34,287,957 | $30,387,286 |
University Of South Carolina Business Partnership Foundation Columbia, SC | $128,044,992 | $17,993,004 |
Mason Korea Llc Fairfax, VA | $8,225,008 | $12,324,735 |
Virginia Tech Real Estate Fdn Blacksburg, VA | $231,612,607 | $16,876,838 |
Alliance For Academic Internal Medicine Inc Alexandria, VA | $13,744,999 | $6,917,370 |
Francis Marion University Development Foundation Florence, SC | $27,042,578 | $6,587,347 |
Jackson Foundation Inc Dickson, TN | $81,442,128 | $3,275,608 |
Influence 1 Memphis, TN | $6,214,331 | $4,262,960 |
Core Knowledge Foundation Charlottesville, VA | $10,759,261 | $6,889,029 |
Georgia Charter Schools Association Inc Atlanta, GA | $3,275,551 | $3,963,375 |
Tennessee School Boards Association Nashville, TN | $6,082,451 | $2,785,185 |