Duke Investment Education Inc Dba Duke Angel Network Inc
Nonprofit profile at a glance
- EIN
- 475555092
- IRS 990-EZ coverage
- 2016–2021
- Forms available
- Form 990-EZ 2021
- Location
- Durham, NC, USA
- Phone
- 9196842006
- Rating
- 55
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Single Organization Support
Reported finances
- Revenue
- $134,300
- Expenses
- $261,396
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2021. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- KURT SCHMIDT (DIRECTOR/PRESIDENT/TREASURER)
People named in this filing
- KIMBERLY BLACKWELL (DIRECTOR)
- JON FJELD (DIRECTOR)
- WINSTON HENDERSON (DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2021. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The purpose of duke investment education, inc. Is to own, supervise, administer and manage assets, funds and properties, real and personal, that are held, invested and used exclusively for the benefit or purposes of duke university and entities affiliated with duke university; to facilitate connections between innovative and entrepreneurial start-up companies and members of duke university's global community of faculty, staff, alumni, students and affiliates.
What it reported doing in 2021
Recruit, teach and manage a team of residents, fellow, post-docs, graduate students and undergraduate students who perform diligence and learn how to professionally manage an investment process. Provide network members with various tools and services such as an online collaboration platform, website portal and event planning.
Operating model
- Revenue model
- Membership-supported. 100% of the money available for current operations came from membership dues.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 39
- Transparency & Controls: 82
- Sustainability: 8
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 48.3%; rating input score 48
- Program expense ratio: 24.8%; rating input score 25
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -94.6%; rating input score 0; 0th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 65; 65th percentile among comparable filings
Growth
- Program expense growth: -2.4% per year; rating input score 0; 30th percentile among comparable filings
- Revenue growth: 4.8% per year; rating input score 100; 53rd percentile among comparable filings
- Asset growth: -1.7% per year; rating input score 0; 20th percentile among comparable filings
Details
- Where the money goes: 48.3% of revenue deployed · 24.8% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $65K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 8 of 9 current checks pass · 1 finding to review
- Schedules: 3 filed schedules
- Filing history: 5 filing years from 2016 to 2021
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: Filed and resolved organization relationships.
- 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 48/100.
- High — Financial Efficiency: Program expense ratio scored 25/100.
- Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
- High — Sustainability: Operating margin scored 0/100.
- High — Growth: Program expense growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 1/100.
- High — Growth: Asset growth scored 0/100.