{"success":true,"data":{"_id":844902334,"filings":[{"Organization":{"value":null,"Person":["KELLY KING","KIRK BRADLEY","DR KELLI BROWN","KELLY FULLER","SHARON GABER PHD","PETER HANS","STAN KELLY","HAROLD MARTIN SR PHD","VEN POOLE","DR PHILIP ROGERS","LONNIE C POOLE III 32523-63023","BOB INGRAM 7122-32423","BENNET WATERS","MICHELLE BOLAS"],"Title":["BOARD CHAIR","BOARD VICE-CHAIR","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER","BOARD CHAIR","EX OFFICIO PRESIDENT & CEO","EXECUTIVE VICE PRESIDENT"],"Hours":[1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,40.0,40.0],"Total Compensation":[0,0,0,180197,0,0,0,0,0,0,0,0,300000,0],"Direct compensation":[0,0,0,180197,0,0,0,0,0,0,0,0,300000,0],"Other compensation":[0,0,0,0,0,0,0,0,0,0,0,0,0,0]},"Basic":{"value":null,"mission":"The organization is a public-private partnership to accelerate and scale commercialized innovation from nc's universities, create jobs, and improve economic opportunities in all 100 counties of north carolina.","year":2022,"name":"NCINNOVATION INC","phone":9199061806,"website":"HTTPS://NCINNOVATION.ORG/","type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"J BENNET WATERS","year_formation":2020,"state_legal_domicile":"NC","total_volunteers":11,"tax_period_begin":"2022-07-01T00:00:00","tax_period_end":"2023-06-30T00:00:00","address":"PO BOX 14288, RESEARCH TRIANGLE PARK, NC, 27709, USA","city":"RESEARCH TRIANGLE PARK","state":"NC","country":"USA","zip_code":27709},"Governance":{"value":null,"501c3 determination":true,"501c determination":false,"Number of voting members":11,"Number of independent voting members":10,"Number of employees total":2,"Total Gross UBI":0,"Net unrelated business taxable income":0,"Number of employees":2,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":true,"Premiums Paid":true,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":10283256,"Contributions":{"value":10220000,"Other contributions":10220000,"Contributions from gifts and grants":0,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":0,"Related organizations":0},"Program revenue":{"value":0,"Total revenue":0,"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":62256,"Investment income total":62256,"Net investment gain":0,"Income from invest bond proceeds":0},"Other revenues":{"value":1000,"Other total":1000,"Royalties revenue":0,"Net rental income":0,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":2153367,"Grant expense":{"value":0,"Grants to domestic orgs":0,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":3500,"Fundraising professional":3500,"Fees to independent contractors":0},"Benefits paid to members":{"value":0,"Benefits paid to members Total":0},"Salaries":{"value":1050990,"Current officers":630079,"Disqualified persons":0,"Other salaries and wages":338830,"Pension plan contributions":8813,"Other employee benefits":20537,"Payroll taxes":52731},"Other expenses":{"value":1098877,"Management services":71500,"Legal":94188,"Accounting":8520,"Lobbying services":227268,"Investment management fees":0,"Other services":342169,"Advertising":103060,"Office expenses":87973,"Information technology":70444,"Royalties":0,"Occupancy":63544,"Travel":15166,"Conferences and meetings":0,"Interest":0,"Payments to affiliates":0,"Depreciation and depletion":0,"Insurance":15045,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":0,"All other expenses":0},"Functional Expenses":{"value":null,"Program Service Expenses":0,"Management And General Expenses":2149867,"Fundraising Expenses":3500}},"Assets":{"value":18408832,"Non-interest bearing cash":708345,"Savings and temp cash investments":3060220,"Pledges and grants receivable":13904696,"Accounts receivable":0,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":0,"Inventories for sale or use":0,"Prepaid expenses deferred charges":0,"Land, building, equipment":0,"Investments publicly traded":0,"Investments other":727628,"Investments program related":0,"Intangible assets":0,"Other assets":7943},"Liabilities":{"value":18553,"Sum of Total Liabilities":0,"Accounts payable, accrued":18553,"Grants payable":0,"Deferred, revenue":0,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":0,"Unsecured notes loans payable":0,"Other liabilities":0},"Fund balance":{"value":18390279,"Net assets without donor restriction":4485583,"Net assets with donor restriction":13904696,"Unrestricted net assets":0,"Temporarily restricted net assets":0,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.0,"percentile":0.4421253816471043},"Fundraising Efficiency":{"score":2920.0,"percentile":0.9903820767532933},"Operating Margin":{"score":0.7905948271636921,"percentile":0.9716288756611142},"Liabilities to Assets Ratio":{"score":0.0010078314582913244,"percentile":0.568992909265805},"Operating Reserve Ratio":{"score":8.548859530214775,"percentile":0.8761030899958955},"Officer Compensation Ratio":{"score":0.2229982162817578,"percentile":0.2776229312440691},"Program Expense Growth":{"score":0.0,"percentile":0.3240494224083784},"Revenue Growth":{"score":1.092369616918978,"percentile":0.9977325481941995},"Asset Growth":{"score":1.2430025729770198,"percentile":0.9987546354224637},"Independent Voting Board Pct":{"score":0.9090909090909091,"percentile":0.24395594109922106},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.6706880247060033,"percentile":0.7905916406803238}},"source_xml":"202512529349301656_public.xml"},{"Organization":{"value":null,"Person":["J BENNET WATERS","MICHELLE BOLAS","JEFF SURAL THRU 93023","KELLY KING","KIRK BRADLEY","J CANTEY ALEXANDER BEGAN 11823","BETH FRIEDRICH BEGAN 11823","KELLY FULLER","TODD KASPER BEGAN 11823","STAN KELLY","BLANNIE MILLER BEGAN 11823","ART POPE BEGAN 11823","VEN POOLE","BEN TEAUGUE BEGAN 11823","JEFF TURNER BEGAN 11823","JOSH HOWARD BEGAN 03124","LINDA HALL BEGAN 041524"],"Title":["PRESIDENT & CEO","EVP & CIO","SVP & CHIEF STRATEGY OFFICER","CHAIR","VICE CHAIR","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER","SECRETARY","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER","SVP & CHIEF RISK OFFICER","EVP & CFO"],"Hours":[40.0,40.0,40.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,40.0,40.0],"Total Compensation":[670460,394052,299658,0,0,0,0,0,0,0,0,0,0,0,0,0,0],"Direct compensation":[596950,337500,255170,0,0,0,0,0,0,0,0,0,0,0,0,0,0],"Other compensation":[73510,56552,44488,0,0,0,0,0,0,0,0,0,0,0,0,0,0]},"Basic":{"value":null,"mission":"The organization is a public-private partnership to accelerate and scale commercialized innovation from nc's universities, create jobs, and improve economic opportunities in all 100 counties of north carolina.","year":2023,"name":"NCInnovation Inc","phone":9194247262,"website":"HTTPS://NCINNOVATION.ORG/","type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"J BENNET WATERS","year_formation":2020,"state_legal_domicile":"NC","total_volunteers":5,"tax_period_begin":"2023-07-01T00:00:00","tax_period_end":"2024-06-30T00:00:00","address":"PO Box 14288, Research Triangle Park, NC, 27709, USA","city":"Research Triangle Park","state":"NC","country":"USA","zip_code":27709},"Governance":{"value":null,"501c3 determination":true,"501c determination":false,"Number of voting members":12,"Number of independent voting members":12,"Number of employees total":10,"Total Gross UBI":0,"Net unrelated business taxable income":0,"Number of employees":10,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":true,"Premiums Paid":true,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":259079795,"Contributions":{"value":253180000,"Other contributions":3180000,"Contributions from gifts and grants":0,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":250000000,"Related organizations":0},"Program revenue":{"value":0,"Total revenue":0,"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":5899795,"Investment income total":5884292,"Net investment gain":15503,"Income from invest bond proceeds":0},"Other revenues":{"value":0,"Other total":0,"Royalties revenue":0,"Net rental income":0,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":8161864,"Grant expense":{"value":2924550,"Grants to domestic orgs":2924550,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":0,"Benefits paid to members Total":0},"Salaries":{"value":2574219,"Current officers":1184673,"Disqualified persons":0,"Other salaries and wages":928978,"Pension plan contributions":91738,"Other employee benefits":241482,"Payroll taxes":127348},"Other expenses":{"value":2663095,"Management services":0,"Legal":381329,"Accounting":162720,"Lobbying services":464598,"Investment management fees":11439,"Other services":1058624,"Advertising":247741,"Office expenses":31426,"Information technology":95856,"Royalties":0,"Occupancy":104861,"Travel":58988,"Conferences and meetings":10546,"Interest":0,"Payments to affiliates":0,"Depreciation and depletion":2800,"Insurance":24661,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":{"value":7506,"MOVING EXPENSE":4306,"MISCELLANEOUS":3200},"All other expenses":0},"Functional Expenses":{"value":null,"Program Service Expenses":5972726,"Management And General Expenses":2189138,"Fundraising Expenses":0}},"Assets":{"value":272938913,"Non-interest bearing cash":1210643,"Savings and temp cash investments":0,"Pledges and grants receivable":13957264,"Accounts receivable":0,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":0,"Inventories for sale or use":0,"Prepaid expenses deferred charges":59180,"Land, building, equipment":30586,"Investments publicly traded":0,"Investments other":257681240,"Investments program related":0,"Intangible assets":0,"Other assets":0},"Liabilities":{"value":3208135,"Sum of Total Liabilities":0,"Accounts payable, accrued":283585,"Grants payable":2924550,"Deferred, revenue":0,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":0,"Unsecured notes loans payable":0,"Other liabilities":0},"Fund balance":{"value":269730778,"Net assets without donor restriction":67229,"Net assets with donor restriction":269663549,"Unrestricted net assets":0,"Temporarily restricted net assets":0,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.7317845531363913,"percentile":0.5583541443451782},"Fundraising Efficiency":{"score":null,"percentile":null},"Operating Margin":{"score":0.9684967173916438,"percentile":0.9909079032885583},"Liabilities to Assets Ratio":{"score":0.011754040362870501,"percentile":0.4897717347308323},"Operating Reserve Ratio":{"score":33.440757282895184,"percentile":0.9710831627851331},"Officer Compensation Ratio":{"score":0.16713951616934564,"percentile":0.37486563190002475},"Program Expense Growth":{"score":1.1381129021640444,"percentile":0.9886478246376824},"Revenue Growth":{"score":1.1478999273321675,"percentile":0.998064868887308},"Asset Growth":{"score":1.129829091961747,"percentile":0.9980029869685297},"Independent Voting Board Pct":{"score":1.0,"percentile":0.9933392423419786},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.8090606848194396,"percentile":0.9640411544475693}},"source_xml":"202522529349300917_public.xml"},{"Organization":{"value":null,"Person":["KIRK BRADLEY","JACK BAILEY","NEAL FOWLER"],"Title":["PRESIDENT","VICE PRESIDENT","SECRETARY/TREASURER"],"Hours":[2.0,2.0,2.0],"Total Compensation":[0,0,0],"Direct compensation":[0,0,0],"Other compensation":[0,0,0]},"Basic":{"value":null,"mission":"The north carolina innovation corridor (\"corridor\") is a transformational public-private effort to build and expand on north carolina's tradition of engaged business leadership in addressing the realities of a dynamic global economy. the corridor will coordinate research university and private sector innovation assets. the initiative will support globally competitive industries, create more job opportunities across a wider geography (from greenville to winston-salem), and launch north carolina into the national and global job creation and innovation ranks, along with boston and silicon valley. the success of this vision requires a substantial infusion and dedication of public and private funding.","year":2020,"name":"NORTH CAROLINA INNOVATION CORRIDOR","phone":9194247262,"website":null,"type":"990EZ","affiliation":null,"foreign_countries":null,"principal_officer":null,"year_formation":null,"state_legal_domicile":null,"total_volunteers":null,"tax_period_begin":"2020-02-13T00:00:00","tax_period_end":"2020-12-31T00:00:00","address":"1101 HAYNES STREET NO 102, RALEIGH, NC, 27604, USA","city":"RALEIGH","state":"NC","country":"USA","zip_code":27604},"Governance":{"value":null,"501c3 determination":true,"501c determination":false,"Number of voting members":null,"Number of independent voting members":null,"Number of employees total":null,"Total Gross UBI":null,"Net unrelated business taxable income":null,"Number of employees":null,"Prohibited tax shelter transactions":false,"Taxable party notification":false,"Funds to pay premiums":false,"Premiums Paid":false,"Family or business relationship":false,"Delegation of management duties":false,"Conflict of interest policy":false,"Whistle blower policy":false,"Compensation process for CEO":false,"Compensation process for other employees":false,"Changes to organizing documents":false,"Material diversion or misuse":false,"Members or stockholders":false,"Election of board members":false,"Decisions subject to approval":false,"Minutes of governing body":false,"Local chapters":false,"Form 990 provided to governing body":false,"Document retention policy":false,"Investment in joint venture":false,"Independent audit financial statements":false,"Consolidated audit financial statements":false,"Accountant compile or review":false,"Political activities":false,"Donor advised funds":false,"Conservation easements":false,"Collections of art":false,"School":false,"Hospital":false,"Foreign activities":false,"Foreign office":false,"Gaming":false,"Fundraising activities":false,"Professional fundraising":false,"Loan to officer or DQP":false,"Grant to related person":false,"Business relationship through family member":false,"Business relationship with organization":false},"Revenues":{"value":100000,"Contributions":{"value":100000,"Other contributions":0,"Contributions from gifts and grants":100000,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":0,"Related organizations":0},"Program revenue":{"value":0,"Total revenue":0,"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":0,"Investment income total":0,"Net investment gain":0,"Income from invest bond proceeds":0},"Other revenues":{"value":0,"Other total":0,"Royalties revenue":0,"Net rental income":0,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":10948,"Grant expense":{"value":0,"Grants to domestic orgs":0,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":9223,"Fundraising professional":0,"Fees to independent contractors":9223},"Benefits paid to members":{"value":0,"Benefits paid to members Total":0},"Salaries":{"value":0,"Current officers":0,"Disqualified persons":0,"Other salaries and wages":0,"Pension plan contributions":0,"Other employee benefits":0,"Payroll taxes":0},"Other expenses":{"value":1725,"Management services":0,"Legal":0,"Accounting":0,"Lobbying services":0,"Investment management fees":0,"Other services":0,"Advertising":0,"Office expenses":0,"Information technology":0,"Royalties":0,"Occupancy":0,"Travel":0,"Conferences and meetings":0,"Interest":0,"Payments to affiliates":0,"Depreciation and depletion":0,"Insurance":0,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":1725,"All other expenses":0},"Functional Expenses":{"value":null,"Program Service Expenses":0,"Management And General Expenses":0,"Fundraising Expenses":0}},"Assets":{"value":100991,"Non-interest bearing cash":0,"Savings and temp cash investments":100991,"Pledges and grants receivable":0,"Accounts receivable":0,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":0,"Inventories for sale or use":0,"Prepaid expenses deferred charges":0,"Land, building, equipment":0,"Investments publicly traded":0,"Investments other":0,"Investments program related":0,"Intangible assets":0,"Other assets":0},"Liabilities":{"value":11939,"Sum of Total Liabilities":11939,"Accounts payable, accrued":0,"Grants payable":0,"Deferred, revenue":0,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":0,"Unsecured notes loans payable":0,"Other liabilities":0},"Fund balance":{"value":89052,"Net assets without donor restriction":0,"Net assets with donor restriction":0,"Unrestricted net assets":0,"Temporarily restricted net assets":0,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.0,"percentile":0.4421253816471043},"Fundraising Efficiency":{"score":null,"percentile":null},"Operating Margin":{"score":0.89052,"percentile":0.982683399505042},"Liabilities to Assets Ratio":{"score":0.11821845510986127,"percentile":0.30877980214114936},"Operating Reserve Ratio":{"score":9.224607234198027,"percentile":0.8841103507314391},"Officer Compensation Ratio":{"score":null,"percentile":null},"Program Expense Growth":{"score":null,"percentile":null},"Revenue Growth":{"score":null,"percentile":null},"Asset Growth":{"score":null,"percentile":null},"Independent Voting Board Pct":{"score":null,"percentile":null},"Governance Policy Score":{"score":0.0,"percentile":0.3578721869904765},"Overall Score":{"score":0.6099490406012467,"percentile":0.6343314102139777}},"source_xml":"202131479349200343_public.xml"},{"Organization":{"value":null,"Person":["KIRK BRADLEY","JACK BAILEY","NEAL FOWLER"],"Title":["PRESIDENT","VICE PRESIDENT","SECRETARY/TREASURER"],"Hours":[2.0,2.0,2.0],"Total Compensation":[0,0,0],"Direct compensation":[0,0,0],"Other compensation":[0,0,0]},"Basic":{"value":null,"mission":"The organization is a public-private partnership to accelerate and scale commercialized innovation from nc's universities, create jobs, and improve economic opportunities in all 100 counties of north carolina.","year":2021,"name":"THE INNOVATION STATE INC","phone":9194247262,"website":null,"type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"KIRK BRADLEY","year_formation":2020,"state_legal_domicile":"NC","total_volunteers":0,"tax_period_begin":"2021-01-01T00:00:00","tax_period_end":"2021-12-31T00:00:00","address":"1101 HAYNES STREET 102, RALEIGH, NC, 27604, USA","city":"RALEIGH","state":"NC","country":"USA","zip_code":27604},"Governance":{"value":null,"501c3 determination":true,"501c determination":false,"Number of voting members":3,"Number of independent voting members":3,"Number of employees total":0,"Total Gross UBI":0,"Net unrelated business taxable income":0,"Number of employees":0,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":false,"Premiums Paid":false,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":3600000,"Contributions":{"value":3600000,"Other contributions":3600000,"Contributions from gifts and grants":0,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":0,"Related organizations":0},"Program revenue":{"value":0,"Total revenue":0,"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":0,"Investment income total":0,"Net investment gain":0,"Income from invest bond proceeds":0},"Other revenues":{"value":0,"Other total":0,"Royalties revenue":0,"Net rental income":0,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":245800,"Grant expense":{"value":0,"Grants to domestic orgs":0,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":0,"Benefits paid to members Total":0},"Salaries":{"value":0,"Current officers":0,"Disqualified persons":0,"Other salaries and wages":0,"Pension plan contributions":0,"Other employee benefits":0,"Payroll taxes":0},"Other expenses":{"value":245800,"Management services":0,"Legal":841,"Accounting":3525,"Lobbying services":0,"Investment management fees":0,"Other services":229626,"Advertising":10691,"Office expenses":462,"Information technology":360,"Royalties":0,"Occupancy":0,"Travel":0,"Conferences and meetings":0,"Interest":0,"Payments to affiliates":0,"Depreciation and depletion":0,"Insurance":0,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":{"value":295,"BUSINESS REGISTRATION F":280,"BANK FEES":15},"All other expenses":0},"Functional Expenses":{"value":null,"Program Service Expenses":240317,"Management And General Expenses":5483,"Fundraising Expenses":0}},"Assets":{"value":3583262,"Non-interest bearing cash":3583262,"Savings and temp cash investments":0,"Pledges and grants receivable":0,"Accounts receivable":0,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":0,"Inventories for sale or use":0,"Prepaid expenses deferred charges":0,"Land, building, equipment":0,"Investments publicly traded":0,"Investments other":0,"Investments program related":0,"Intangible assets":0,"Other assets":0},"Liabilities":{"value":140010,"Sum of Total Liabilities":0,"Accounts payable, accrued":0,"Grants payable":0,"Deferred, revenue":0,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":0,"Unsecured notes loans payable":0,"Other liabilities":140010},"Fund balance":{"value":3443252,"Net assets without donor restriction":3443252,"Net assets with donor restriction":0,"Unrestricted net assets":0,"Temporarily restricted net assets":0,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.977693246541904,"percentile":0.8860917322549201},"Fundraising Efficiency":{"score":null,"percentile":null},"Operating Margin":{"score":0.9317222222222222,"percentile":0.9869920163923501},"Liabilities to Assets Ratio":{"score":0.03907333597152539,"percentile":0.4086682873590907},"Operating Reserve Ratio":{"score":14.577957689178193,"percentile":0.9240868353899826},"Officer Compensation Ratio":{"score":null,"percentile":null},"Program Expense Growth":{"score":null,"percentile":null},"Revenue Growth":{"score":null,"percentile":null},"Asset Growth":{"score":null,"percentile":null},"Independent Voting Board Pct":{"score":1.0,"percentile":0.9933392423419786},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.8963600622967334,"percentile":0.9920396097658919}},"source_xml":"202201329349303045_public.xml"}],"Latest":{"Organization":{"value":null,"Person":["J BENNET WATERS","MICHELLE BOLAS","JEFF SURAL THRU 93023","KELLY KING","KIRK BRADLEY","J CANTEY ALEXANDER BEGAN 11823","BETH FRIEDRICH BEGAN 11823","KELLY FULLER","TODD KASPER BEGAN 11823","STAN KELLY","BLANNIE MILLER BEGAN 11823","ART POPE BEGAN 11823","VEN POOLE","BEN TEAUGUE BEGAN 11823","JEFF TURNER BEGAN 11823","JOSH HOWARD BEGAN 03124","LINDA HALL BEGAN 041524"],"Title":["PRESIDENT & CEO","EVP & CIO","SVP & CHIEF STRATEGY OFFICER","CHAIR","VICE CHAIR","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER","SECRETARY","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER","BOARD MEMBER","SVP & CHIEF RISK OFFICER","EVP & CFO"],"Hours":[40.0,40.0,40.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,1.0,40.0,40.0],"Total Compensation":[670460,394052,299658,0,0,0,0,0,0,0,0,0,0,0,0,0,0],"Direct compensation":[596950,337500,255170,0,0,0,0,0,0,0,0,0,0,0,0,0,0],"Other compensation":[73510,56552,44488,0,0,0,0,0,0,0,0,0,0,0,0,0,0]},"Basic":{"value":null,"mission":"The organization is a public-private partnership to accelerate and scale commercialized innovation from nc's universities, create jobs, and improve economic opportunities in all 100 counties of north carolina.","year":2023,"name":"NCInnovation Inc","phone":9194247262,"website":"HTTPS://NCINNOVATION.ORG/","type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"J BENNET WATERS","year_formation":2020,"state_legal_domicile":"NC","total_volunteers":5,"tax_period_begin":"2023-07-01T00:00:00","tax_period_end":"2024-06-30T00:00:00","address":"PO Box 14288, Research Triangle Park, NC, 27709, USA","city":"Research Triangle Park","state":"NC","country":"USA","zip_code":27709},"Governance":{"value":null,"501c3 determination":true,"501c determination":false,"Number of voting members":12,"Number of independent voting members":12,"Number of employees total":10,"Total Gross UBI":0,"Net unrelated business taxable income":0,"Number of employees":10,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":true,"Premiums Paid":true,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":259079795,"Contributions":{"value":253180000,"Other contributions":3180000,"Contributions from gifts and grants":0,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":250000000,"Related organizations":0},"Program revenue":{"value":0,"Total revenue":0,"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":5899795,"Investment income total":5884292,"Net investment gain":15503,"Income from invest bond proceeds":0},"Other revenues":{"value":0,"Other total":0,"Royalties revenue":0,"Net rental income":0,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":8161864,"Grant expense":{"value":2924550,"Grants to domestic orgs":2924550,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":0,"Benefits paid to members Total":0},"Salaries":{"value":2574219,"Current officers":1184673,"Disqualified persons":0,"Other salaries and wages":928978,"Pension plan contributions":91738,"Other employee benefits":241482,"Payroll taxes":127348},"Other expenses":{"value":2663095,"Management services":0,"Legal":381329,"Accounting":162720,"Lobbying services":464598,"Investment management fees":11439,"Other services":1058624,"Advertising":247741,"Office expenses":31426,"Information technology":95856,"Royalties":0,"Occupancy":104861,"Travel":58988,"Conferences and meetings":10546,"Interest":0,"Payments to affiliates":0,"Depreciation and depletion":2800,"Insurance":24661,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":{"value":7506,"MOVING EXPENSE":4306,"MISCELLANEOUS":3200},"All other expenses":0},"Functional Expenses":{"value":null,"Program Service Expenses":5972726,"Management And General Expenses":2189138,"Fundraising Expenses":0}},"Assets":{"value":272938913,"Non-interest bearing cash":1210643,"Savings and temp cash investments":0,"Pledges and grants receivable":13957264,"Accounts receivable":0,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":0,"Inventories for sale or use":0,"Prepaid expenses deferred charges":59180,"Land, building, equipment":30586,"Investments publicly traded":0,"Investments other":257681240,"Investments program related":0,"Intangible assets":0,"Other assets":0},"Liabilities":{"value":3208135,"Sum of Total Liabilities":0,"Accounts payable, accrued":283585,"Grants payable":2924550,"Deferred, revenue":0,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":0,"Unsecured notes loans payable":0,"Other liabilities":0},"Fund balance":{"value":269730778,"Net assets without donor restriction":67229,"Net assets with donor restriction":269663549,"Unrestricted net assets":0,"Temporarily restricted net assets":0,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.7317845531363913,"percentile":0.5583541443451782},"Fundraising Efficiency":{"score":null,"percentile":null},"Operating Margin":{"score":0.9684967173916438,"percentile":0.9909079032885583},"Liabilities to Assets Ratio":{"score":0.011754040362870501,"percentile":0.4897717347308323},"Operating Reserve Ratio":{"score":33.440757282895184,"percentile":0.9710831627851331},"Officer Compensation Ratio":{"score":0.16713951616934564,"percentile":0.37486563190002475},"Program Expense Growth":{"score":1.1381129021640444,"percentile":0.9886478246376824},"Revenue Growth":{"score":1.1478999273321675,"percentile":0.998064868887308},"Asset Growth":{"score":1.129829091961747,"percentile":0.9980029869685297},"Independent Voting Board Pct":{"score":1.0,"percentile":0.9933392423419786},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.8090606848194396,"percentile":0.9640411544475693}},"source_xml":"202522529349300917_public.xml"},"sector":"Education","donation_categories":[],"zakat_policy":null},"error":null}