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Nonprofit · EIN 56-1434024

NORTH CAROLINA BIOTECHNOLOGY CENTER

Tax-exempt · DURHAM, NC 27713

Financials

$21.9M$18.5M2022$23.1M$24M2023$21M$22.4M2024
Revenue Expenses · by fiscal year end
Financials of NORTH CAROLINA BIOTECHNOLOGY CENTER by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$21,049,562$22,423,173-$1,373,611$42,239,901$491,776$41,748,125
June 30, 2024990$23,117,302$24,027,592-$910,290$44,048,241$1,326,418$42,721,823
June 30, 2023990$21,886,317$18,520,073$3,366,244$44,128,955$1,032,245$43,096,710
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$17,346,311
of which government grants
$17,134,295
Program service revenue
$3,234,385
Investment income
$453,692
Net rental income
$15,174
Net gain from sales of assets
$32,456
Other revenue
$15,174

Expenses

Grants and similar amounts paid
$6,640,295
Compensation of officers, directors and key employees
$931,913
Other salaries and wages
$7,079,427
Salaries, compensation and benefits (total)
$10,287,308
Professional fundraising fees
$0
Legal fees
$50,928
Accounting fees
$62,209
Occupancy
$47,633
Travel
$211,625
Depreciation
$562,229
Program services (functional)
$18,858,694
Management and general (functional)
$3,564,479

Balance sheet and other

Total assets, start of year
$44,048,241
Total assets, end of year
$42,239,901
Total liabilities, end of year
$491,776
Net assets, end of year
$41,748,125
Land, buildings and equipment
$6,936,693
Publicly traded securities
$5,815,152
Net assets without donor restrictions
$41,478,125
Net assets with donor restrictions
$270,000
Gross receipts
$21,637,106
Employees
95
Volunteers
39
Year formed
1984
State of legal domicile
NC

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
DOUG EDGETONASSISTANT SECRETARY
Trustee or director, Officer
40$356,189$90,538
MARY BETH THOMASSR. VP, SCIENCE AND BUSINESS
Key employee
40$207,477$58,769
WILLIAM BULLOCKSR. VP, STATEWIDE OPERATIONS
Key employee
40$207,477$58,769
MARK PHILLIPSVP, STATEWIDE OPERATIONS
Highest-paid employee
40$169,625$50,410
ROBERT LINDBERGVP, SCIENCE & TECHONOLGY DEVELOPMENT
Highest-paid employee
40$168,551$50,152
LAURA ROWLEYVP, LIFE SCIENCE ECON DEV
Highest-paid employee
40$161,447$47,269
JOSEPH HENDERSONVP, TALENT & CULTURE DEV
Highest-paid employee
40$160,854$47,204
MARY HECKT-KISSELLVP, CORPORATE COMMUNICATIONS
Highest-paid employee
40$160,657$47,159
JAMES BULLOCKVP FINANCE, ASSISTANT TREASURER
Officer
40$160,771$36,702
REBECCA ALEXANDERDIRECTOR
Trustee or director
1$0$0
PEYTON ANDERSONSECRETARY
Trustee or director, Officer
2$0$0
JOHN ANTHONY ATALADIRECTOR
Trustee or director
1$0$0
JOHN ATKINS IIIDIRECTOR
Trustee or director
2$0$0
MICHELLE BERREYDIRECTOR
Trustee or director
2$0$0
SANTO COSTADIRECTOR
Trustee or director
1$0$0
33 more people on this return
NameTitleHours / weekCompensation
JAMES DATINVICE CHAIR AND TREASURER
Trustee or director, Officer
2$0
NEAL FOWLERDIRECTOR
Trustee or director
1$0
MEREDITH FRIGACHAIR
Trustee or director, Officer
2$0
KELLY FULLERDIRECTOR
Trustee or director
1$0
PENNY GORDON-LARSENDIRECTOR
Trustee or director
1$0
MICHELLE GRAINGERDIRECTOR
Trustee or director
1$0
WILLIAM HAWKINS IIIDIRECTOR
Trustee or director
1$0
UNDI HOFFLERDIRECTOR
Trustee or director
1$0
DAN JANIESDIRECTOR
Trustee or director
1$0
KAREN LEVERTDIRECTOR
Trustee or director
2$0
JENNIFER LODGEDIRECTOR
Trustee or director
1$0
STEVE LOMMELDIRECTOR
Trustee or director
2$0
MERRILL MASONSECRETARY
Trustee or director
2$0
SHEILA MIKHAILDIRECTOR
Trustee or director
1$0
ADAM MONROEDIRECTOR
Trustee or director
1$0
ARTHUR PAPPASDIRECTOR
Trustee or director
2$0
JOY PARR DRACHDIRECTOR
Trustee or director
2$0
SHARON PAYNTERDIRECTOR
Trustee or director
1$0
JOHN RABBYDIRECTOR
Trustee or director
2$0
MACHELLE BAKER SANDERSDIRECTOR
Trustee or director
1$0
SOMNATH MUKHOPADHYAYDIRECTOR (STARTING 5/24)
Trustee or director
1$0
MICHAEL TANNERDIRECTOR
Trustee or director
1$0
BEN TEAGUEDIRECTOR
Trustee or director
2$0
STEVE TROXLERDIRECTOR
Trustee or director
1$0
BHASKAR VENEPALLIDIRECTOR
Trustee or director
1$0
THOMAS WALKERDIRECTOR
Trustee or director
1$0
JOHN LOYACKDIRECTOR
Trustee or director
1$0
TIM MINORDIRECTOR
Trustee or director
1$0
BRAD WILSONDIRECTOR
Trustee or director
1$0
BENJAMIN YERXADIRECTOR
Trustee or director
1$0
SHAYLAH NUNN JONESDIRECTOR
Trustee or director
1$0
MICHELLE LOGANDIRECTOR
Trustee or director
1$0
ASWANI VOLETYDIRECTOR
Trustee or director
1$0
990 for the year ended June 30, 2024: 47 people
NameTitleHours / weekCompensationOther / benefits
DOUG EDGETONPRESIDENT & CEO/ASST BOD SECRETARY
Trustee or director, Officer
40$342,570$85,455
MARY BETH THOMASSR VP, SCIENCE & BUSINESS DEV
Key employee
40$199,544$56,380
WILLIAM BULLOCKSR VP, ECON & STATEWIDE DEV
Key employee
40$199,544$56,380
MARK PHILLIPSVP, STATEWIDE OPERATIONS
Highest-paid employee
40$163,296$48,338
ROBERT LINDBERGVP, SCIENCE & TECH DEV
Highest-paid employee
40$163,136$48,290
LAURA ROWLEYVP, LIFE SCIENCE ECON DEV
Highest-paid employee
40$151,639$44,983
MARY HECHT-KISSELLVP, CORPORATE COMMUNICATIONS
Highest-paid employee
40$151,293$44,458
JOSEPH HENDERSONVP, TALENT & CULTURE DEV
Highest-paid employee
40$150,619$44,303
JAMES BULLOCKVP FINANCE/ASST BOD TREASURER
Officer
40$150,417$25,093
SANTO COSTACHAIR
Trustee or director, Officer
2$0$0
MEREDITH FRIGAVICE CHAIR AND TREASURER
Trustee or director, Officer
2$0$0
PEYTON ANDERSONSECRETARY
Trustee or director, Officer
2$0$0
REBECCA ALEXANDERDIRECTOR
Trustee or director
1$0$0
JOHN ANTHONY ATALADIRECTOR
Trustee or director
1$0$0
JOHN ATKINS IIIDIRECTOR
Trustee or director
2$0$0
MICHELLE BERREYDIRECTOR
Trustee or director
2$0$0
JAMES DATINDIRECTOR
Trustee or director
1$0$0
JOY PARR DRACHDIRECTOR
Trustee or director
2$0$0
NEAL FOWLERDIRECTOR
Trustee or director
1$0$0
KELLY FULLERDIRECTOR
Trustee or director
1$0$0
PENNY GORDON-LARSENDIRECTOR
Trustee or director
1$0$0
MICHELLE GRAINGERDIRECTOR
Trustee or director
1$0$0
WILLIAM HAWKINS IIIDIRECTOR
Trustee or director
1$0$0
UNDI HOFFLERDIRECTOR
Trustee or director
1$0$0
DAN JANIESDIRECTOR
Trustee or director
1$0$0
SHAYLAH NUNN JONESDIRECTOR
Trustee or director
1$0$0
KAREN LEVERTDIRECTOR
Trustee or director
2$0$0
JENNIFER LODGEDIRECTOR
Trustee or director
1$0$0
MICHELLE LOGANDIRECTOR
Trustee or director
1$0$0
STEVE LOMMELDIRECTOR
Trustee or director
2$0$0
JOHN LOYACKDIRECTOR
Trustee or director
1$0$0
MERRILL MASONDIRECTOR
Trustee or director
2$0$0
SHEILA MIKHAILDIRECTOR
Trustee or director
1$0$0
TIM MINORDIRECTOR
Trustee or director
1$0$0
ADAM MONROEDIRECTOR
Trustee or director
1$0$0
ARTHUR PAPPASDIRECTOR
Trustee or director
2$0$0
SHARON PAYNTERDIRECTOR
Trustee or director
1$0$0
JOHN RABBYDIRECTOR
Trustee or director
2$0$0
MACHELLE BAKER SANDERSDIRECTOR
Trustee or director
1$0$0
MICHAEL TANNERDIRECTOR
Trustee or director
1$0$0
BEN TEAGUEDIRECTOR
Trustee or director
1$0$0
STEVE TROXLERDIRECTOR
Trustee or director
1$0$0
BHASKAR VENEPALLIDIRECTOR
Trustee or director
1$0$0
ASWANI VOLETYDIRECTOR
Trustee or director
1$0$0
THOMAS WALKERDIRECTOR
Trustee or director
1$0$0
BRAD WILSONDIRECTOR
Trustee or director
1$0$0
BENJAMIN YERXADIRECTOR
Trustee or director
1$0$0
990 for the year ended June 30, 2023: 49 people
NameTitleHours / weekCompensationOther / benefits
DOUG EDGETONASSISTANT SECRETARY
Trustee or director, Officer
40$327,787$82,682
WILLIAM BULLOCKSR VP, STATEWIDE OPERATIONS & ECONOMIC DEVELOPMENT
Key employee
40$191,599$53,905
MARY BETH THOMASSR VP, SCIENCE AND BUSINESS DEVELOPMENT
Key employee
40$188,971$53,616
SUSIE CORBETTVP, IT LSI
Highest-paid employee
40$157,936$45,131
VIVIAN DOELLINGVP, ECD
Highest-paid employee
40$156,581$45,986
ROBERT LINDBERGVP, SCIENCE & TECHONOLGY DEVELOPMENT
Highest-paid employee
40$156,319$45,956
MARK PHILLIPSVP, STATEWIDE OPERATIONS
Highest-paid employee
40$154,521$45,711
MARK STOHLMAN TERM 22023VP FINANCE ,ASSISTANT TREASURER FOR BOD
Officer
40$141,125$47,241
MARY HECHT-KISSELLVP, CORP COMM
Highest-paid employee
40$136,897$40,621
JAMES BULLOCKVP FINANCE ,ASSISTANT TREASURER FOR BOD
Officer
40$64,293$7,611
SANTO COSTACHAIR
Trustee or director, Officer
2$0$0
MEREDITH FRIGAVICE CHAIR AND TREASURER
Trustee or director, Officer
2$0$0
PEYTON ANDERSONSECRETARY
Trustee or director, Officer
2$0$0
MERRILL MASONDIRECTOR
Trustee or director, Officer
2$0$0
REBECCA ALEXANDERDIRECTOR
Trustee or director
1$0$0
JOHN ANTHONY ATALADIRECTOR
Trustee or director
1$0$0
JOHN ATKINS IIIDIRECTOR
Trustee or director
2$0$0
MICHELLE BERREYDIRECTOR
Trustee or director
2$0$0
GEORGE BRIGGSDIRECTOR
Trustee or director
1$0$0
JAMES DATINDIRECTOR
Trustee or director
1$0$0
JOY PARR DRACHDIRECTOR
Trustee or director
2$0$0
NEAL FOWLERDIRECTOR
Trustee or director
1$0$0
KELLY FULLERDIRECTOR
Trustee or director
1$0$0
PENNY GORDON-LARSENDIRECTOR
Trustee or director
1$0$0
FRANK GRAINGERDIRECTOR
Trustee or director
1$0$0
WILLIAN HAWKINS IIIDIRECTOR
Trustee or director
1$0$0
UNDI HOFFLERDIRECTOR
Trustee or director
1$0$0
DAN JANIESDIRECTOR
Trustee or director
1$0$0
MOISE KHAYRALLAHDIRECTOR
Trustee or director
1$0$0
MARY KLOTMANDIRECTOR
Trustee or director
1$0$0
KAREN LEVERTDIRECTOR
Trustee or director
2$0$0
JENNIFER LODGEDIRECTOR
Trustee or director
1$0$0
STEVE LOMMELDIRECTOR
Trustee or director
2$0$0
SHEILA MIKHAILDIRECTOR
Trustee or director
1$0$0
ADAM MONROEDIRECTOR
Trustee or director
1$0$0
HERNAN NAVARRODIRECTOR
Trustee or director
1$0$0
ARTHUR PAPPASDIRECTOR
Trustee or director
1$0$0
SHARON PAYNTERDIRECTOR
Trustee or director
1$0$0
JOHN RABBYDIRECTOR
Trustee or director
2$0$0
MACHELLE BAKER SANDERSDIRECTOR
Trustee or director
1$0$0
JOSE SARTARELLIDIRECTOR
Trustee or director
1$0$0
THOMAS STITHDIRECTOR
Trustee or director
1$0$0
MICHAEL TANNERDIRECTOR
Trustee or director
1$0$0
BEN TEAGUEDIRECTOR
Trustee or director
1$0$0
STEVE TROXLERDIRECTOR
Trustee or director
1$0$0
BHASKAR VENEPALLIDIRECTOR
Trustee or director
1$0$0
THOMAS WALKERDIRECTOR
Trustee or director
1$0$0
BRAD WILSONDIRECTOR
Trustee or director
1$0$0
BENJAMIN YERXADIRECTOR
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
15 TW ALEXANDER DR, DURHAM, NC 27713-2847
Principal officer (990 for 2024)
DOUGLAS L EDGETON, 15 TW ALEXANDER DRIVE, DURHAM, NC 27713
Signed the 990
DOUGLAS L EDGETON, PRESIDENT & CEO
Phone
(919) 541-9366
Return prepared by
CHERRY BEKAERT ADVISORY LLC

Mission

THE NORTH CAROLINA BIOTECHNOLOGY CENTER AIDS THE BIOTECHNOLOGY-RELATED EFFORTS OF RESEARCHERS, BUSINESSES, STATE AND FEDERAL GOVERNMENTS, AND OTHER AGENCIES PRIMARILY THROUGH AWARDS OF GRANTS AND LOANS RELATED TO SPECIFIC PROGRAMS AND OTHER SERVICES TO GROW [OR ADVANCE] THE INDUSTRY IN NORTH CAROLINA.

990 for the year ended June 30, 2025

Program accomplishments

  • OUR COMMERCIALIZATION PROGRAM COMBINES THE SCIENCE AND TECHNOLOGY DEVELOPMENT AND THE EMERGING COMPANY DEVELOPMENT PROGRAMS INTO ONE. SCIENCE AND TECHNOLOGY DEVELOPMENT PROGRAM IS A FUNDAMENTAL PROGRAM OF THE NORTH CAROLINA BIOTECHNOLOGY CENTER. THE GOAL OF THIS PROGRAM IS TO STRENGTHEN THE STATE'S INFRASTRUCTURE FOR LIFE SCIENCE RESEARCH WHICH IS AN ESSENTIAL PREREQUISITE FOR SCIENTIFIC ADVANCES LEADING TO NEW PRODUCTS AND APPLICATIONS. TO MEET THIS GOAL, THE PROGRAM PROVIDES SERVICES AND SUPPORT TO STATE UNIVERSITIES, COLLEGES, AND NONPROFIT INSTITUTIONS THAT CONTRIBUTE TO LIFE SCIENCE DEVELOPMENT THROUGH RESEARCH, TEACHING, AND PUBLIC SERVICE. SUPPORT IS PRIMARILY PROVIDED IN THE FORM OF GRANTS. SINCE 1984, THE PROGRAM HAS PROVIDED OVER $145 MILLION TO ENHANCE THE RESEARCH AND INTELLECTUAL CAPABILITIES OF THE STATE'S ACADEMIC AND NONPROFIT RESEARCH INSTITUTIONS. THE EMERGING COMPANIES DEVELOPMENT PROGRAM IS THE SECOND LARGEST PROGRAM OF THE NORTH CAROLINA BIOTECHNOLOGY CENTER. THE GOAL OF THIS PROGRAM IS TO STRENGTHEN AND SUPPORT NORTH CAROLINA LIFE SCIENCE COMPANIES WITH FUNDING; TECHNOLOGY ASSESSMENT; STRATEGIC PARTNERSHIPS; BUSINESS PLAN ADVICE; NETWORKING AND CAREER TRANSITION SUPPORT; INFORMATION ON VENTURE CAPITAL AND AVAILABLE LABORATORY SPACE; AND PROFESSIONAL REFERRALS. THE LOAN PROGRAM IN PARTICULAR PROVIDES LOANS TO EARLY STAGE COMPANIES. THESE LOANS ARE DESIGNED TO SUPPORT LIFE SCIENCE COMPANY INCEPTION, RESEARCH, AND GROWTH.
    Expenses $8,895,001 · grants $5,717,065 · revenue $833,103
  • THE ECONOMIC DEVELOPMENT PROGRAM NOW INCLUDES STATEWIDE DEVELOPMENT, AG SECTOR AND LIFE SCIENCE DEVELOPMENT PROGRAMS. THE AGRICULTURAL SECTOR DEVELOPMENT PROGRAM IS A PROGRAM OF THE NORTH CAROLINA BIOTECHNOLOGY CENTER FOCUSED ON THE LARGEST INDUSTRY SECTOR IN THE STATE - AGRICULTURE. THE CORE FOCUS OF THE PROGRAM IS TO SUPPORT THE LARGEST GLOBAL ECONOMIC CLUSTER OF AGRICULTURE BIOTECHNOLOGY IN ITS CONTINUED GROWTH AND CONTRIBUTION. THE AGRICULTURE BIOTECHNOLOGY PROGRAM FOSTERS A DYNAMIC AGRICULTURE COMMUNITY, IMPROVES TECHNOLOGY AND VALUE, AND ATTRACTS AND SUSTAINS JOBS IN AGRICULTURE TO THE STATE. SINCE 2010, MANY COMPANIES SUPPORTING THOUSANDS OF JOBS HAVE BEEN IDENTIFIED AND ENGAGED BY THE PROGRAM.
    Expenses $5,666,182 · grants $718,297
  • THE SECTOR DEVELOPMENT PROGRAM INCLUDES THE EMERGING SECTOR DEVELOPMENT, CONFERENCE CENTER AT NC BIOTECH AND LIFE SCIENCE INTELLIGENCE PROGRAMS. THE CONFERENCE CENTER IS AN EVENT AND MEETING SPACE SOLUTION FOR NUMEROUS LIFE SCIENCE COMPANIES, ORGANIZATIONS AND EDUCATIONAL INSTITUTIONS. IT INCLUDES MEETING AND CATERING SERVICES AND CO-WORKING SPACES. IN ADDITION TO MARKET INTELLIGENCE, THE LSI TEAM IS RESPONSIBLE FOR NETWORK SECURITY AND IT SUPPORT, TECHNICAL SUPPORT FOR THE CENTER'S WEBSITE, CORPORATE RECORD RETENTION AND HISTORICAL ARCHIVES, MANAGEMENT OF THE CENTER'S CLIENT RELATIONSHIP MANAGEMENT SYSTEM, CENTER-WIDE IMPACT MEASUREMENTS, AND PROJECT MANAGEMENT.
    Expenses $4,228,899 · grants $136,321 · revenue $1,746,418
  • GENERAL AND ADMINISTRATIVE GRANTS, LOANS AND CONTRIBUTIONS.
    Expenses $68,612 · grants $68,612 · revenue $654,864

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
56-1434024
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1985
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$42,239,901
Income (IRS master file)
$21,637,106

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$21,049,562$22,423,173$42,239,901IRS
990June 2024$23,117,302$24,027,592$44,048,241XML
990June 2023$21,886,317$18,520,073$44,128,955XML
990June 2022$19,911,762$16,365,269$40,603,397IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-1434024).

Questions about NORTH CAROLINA BIOTECHNOLOGY CENTER

What is the EIN of NORTH CAROLINA BIOTECHNOLOGY CENTER?
The employer identification number (EIN) of NORTH CAROLINA BIOTECHNOLOGY CENTER is 56-1434024.
Is NORTH CAROLINA BIOTECHNOLOGY CENTER tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1985.
Are donations to NORTH CAROLINA BIOTECHNOLOGY CENTER tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does NORTH CAROLINA BIOTECHNOLOGY CENTER file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of NORTH CAROLINA BIOTECHNOLOGY CENTER due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did NORTH CAROLINA BIOTECHNOLOGY CENTER last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of NORTH CAROLINA BIOTECHNOLOGY CENTER?
The 990 for the year ended June 30, 2025 names DOUGLAS L EDGETON.
Who are the officers and directors of NORTH CAROLINA BIOTECHNOLOGY CENTER?
The 990 for the year ended June 30, 2025 lists 48 people; 9 received compensation from the organization, the highest $356,189 (DOUG EDGETON, ASSISTANT SECRETARY).
How much revenue does NORTH CAROLINA BIOTECHNOLOGY CENTER have?
On its 990 for the year ended June 30, 2025 it reported revenue of $21,049,562, expenses of $22,423,173 and total assets of $42,239,901 at year end.

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