Duke Corporate Education
Nonprofit profile at a glance
- EIN
- 421672476
- IRS 990 coverage
- 2009–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Durham, NC, USA
- Phone
- +1 919 680 5000
- Rating
- 58
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Educational Services and Schools - Other
Reported finances
- Revenue
- $33,688,688
- Expenses
- $31,654,124
- Assets
- $37,288,313
- Liabilities
- $8,110,985
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- THAYANAYAGEE CHETTY (DIRECTOR/CEO)
- VISHAL PATEL (PRESIDENT GLOBAL MARKETS)
- MICHAEL A CHAVEZ JR (FORMER DIRECTOR/CEO)
Highest reported compensation
- DANIEL G ENNIS (DIRECTOR): $1,537,454 total reported compensation
- ALEC D GALLIMORE (DIRECTOR/VICE CHAIR): $1,212,129 total reported compensation
- WILLIAM BOULDING (DIRECTOR/CHAIRMAN - THRU 9/24/24): $933,695 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
We empower leaders at all levels to be catalysts of change in their organizations and, ultimately, in society.
What it reported doing in 2024
See schedule oduke corporate education is a global provider of custom corporate education services that helps organizations address their business challenges. The organization was created to provide intensively customized corporate education services focused on addressing business challenges. The organization's clients tend to be large global enterprises. The organization helps its clients implement their strategy through development of their people. The organization focuses education on what the client's people need to know, do and believe in order to address current or anticipated challenges, and attain specific business objectives. The organization differs from a traditional business school or professional services firm in that the organization is not dependent on the organization's or the university's faculty. To meet the broad range of needs the organization's clients bring to it, the organization draws on quality faculty from numerous business schools. The organization also leverages non-faculty educators such as coaches, facilitators, industry experts, retired executives, actors and others committed to high quality customized education. The organization can deliver small or very large scale programs, in many iterations, in several languages, covering a few to thousands of participants, with complex logistical requirements, anywhere in the world. The organization uses its global learning resource network and its affiliations with universities to provide its clients a local deliverable with global consistency.
Operating model
- Revenue model
- Earned-program. 93% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
MIXED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and the filing reports few safeguards for money sent abroad.
Rating breakdown
- Financial Efficiency: 72
- Transparency & Controls: 65
- Accountability: 32
- Sustainability: 48
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 78.6%; rating input score 79
- Program expense ratio: 84.6%; rating input score 85
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 6 of 6 controls in place; rating input score 100
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Pass
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Scored; rating input score 0
- Grant itemization coverage: Scored; rating input score 0
- Major donor itemization: Limited
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 0%; rating input score 0; 3rd percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 6%; rating input score 57; 57th percentile among comparable filings
- Total-asset coverage ratio: 1.18; rating input score 42; 42nd percentile among comparable filings
- Liabilities to assets ratio: 0.22; rating input score 56; 56th percentile among comparable filings
- Officer compensation ratio: 10.7%; rating input score 18; 18th percentile among comparable filings
Growth
- Program expense growth: -2.8% per year; rating input score 0; 5th percentile among comparable filings
- Revenue growth: -2.1% per year; rating input score 0; 4th percentile among comparable filings
- Asset growth: 3.2% per year; rating input score 100; 24th percentile among comparable filings
Details
- What they do: 5 programs and campaigns described on the official site · 5 operating locations identified
- Where the money goes: 78.6% of revenue deployed · 84.6% of spending went to programs
- Governance: 0 of 4 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $26.8M in reported program spending
- Leadership: top reported pay $1.5M · 14 people listed · 6 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $2.5M reported
- Consistency: 33 of 33 current checks pass
- Schedules: 7 filed schedules · includes foreign activity, executive pay, and related organizations
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 9 filed money-flow records
- Related organizations: 61 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Accountability: Independent voting board scored 0/100.
- High — Transparency & Controls: Foreign activity oversight scored 0/100.
- High — Transparency & Controls: Grant itemization coverage scored 0/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- Review — Sustainability: Operating margin scored 57/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 42/100.
- High — Sustainability: Officer compensation ratio scored 18/100.
- Review — Sustainability: Liabilities to assets ratio scored 56/100.