2025-05-01T12:36:14+00:00 2024-06-30 440160260 Forvis Mazars LLP 500 Ridgefield Court Asheville NC 28806 990 2023-07-01 582591748 MCNC Endowment MCNC 9192481820 3021 E Cornwallis Raod PO Box 12889 Research Triangle Park NC 27713 Sarah Taylor CFO/Treasurer 9192481820 2025-05-01 true true Amy Bibby P00445891 8282542254 2025-04-21 2023 2025-03-06 01:10:19Z X Sarah Taylor 3021 E Cornwallis Raod PO Box 12889 Research Triangle Park NC 27713 49061149 false X N/A X 2000 NC MCNC ENDOWMENT IS ORGANIZED AND IS TO BE OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF MCNC, AN NC NONPROFIT CORPORATION. 6 6 0 0 -43029 0 0 155619 0 0 3270310 4071125 163731 0 3434041 4226744 0 0 0 0 0 0 0 0 0 205400 197966 205400 197966 3228641 4028778 143356524 160963126 24730 30179 143331794 160932947 MCNC ENDOWMENT IS ORGANIZED AND IS TO BE OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF MCNC, AN NC NONPROFIT CORPORATION. false false 193012 CONDUCTING CHARITABLE, EDUCATIONAL, AND SCIENTIFIC OBJECTIVES ON BEHALF OF MCNC, AND FOR THE PUBLIC PURPOSE OF PROMOTING SCIENTIFIC RESEARCH AND EDUCATION TO ENCOURAGE THE DEVELOPMENT OF THE ELECTRONIC AND INFORMATION TECHNOLOGY INDUSTRIES IN THE STATE OF NORTH CAROLINA. 193012 true false false false false false false false true false true false false false true false true false false false false false false false false false false false true false false false false false false false false false false false false false true true false false false true 0 0 0 true true false false false false false false false false false false false X 6 6 false false false false false false false true false false false false true true true true true true true false X Sarah Taylor 9192481820 3021 E Cornwallis Road Research Triangle Park NC 27713 Tracy Doaks President & CEO 0.4 40.4 X X 0 456751 37445 Charles Maimone Director 0.2 X 0 0 0 Cynthia Frost Director 0.3 X 0 0 0 Mark Yusko Director 0.3 X 0 0 0 Neal Triplett Chair 0.3 X 0 0 0 Sara Morgan Director 0.3 X 0 0 0 Ward E Sax Vice Chair 0.2 X 0 0 0 John Sean Doyle Secretary 0.5 41.8 X 0 232827 77891 Sarah Taylor Treasurer 0.5 40.0 X 0 57735 23016 Shirley Jennings Asst. Secretary 0.0 40.4 X 0 135111 30903 Rachel J Pisciotta Treasurer (Former) 0.5 21.6 X 0 151042 83773 0 1033466 253028 0 true true false 0 155619 155619 0 0 0 0 0 231589 -43029 274618 0 0 48673941 44834405 3839536 0 3839536 3839536 0 0 0 0 0 4226744 0 -43029 4114154 172604 172604 468 0 468 0 4486 4486 Miscellaneous Expense 19134 19134 Training 1266 1266 Licenses & Permits 8 8 0 0 0 0 197966 193012 4954 0 410834 320317 0 0 0 0 0 97129457 111408064 45816233 49234745 0 0 0 143356524 160963126 24730 30179 0 0 0 24730 30179 X 143331794 160932947 143331794 160932947 143356524 160963126 4028778 13572474 -99 0 X false true X true false X X 1 MCNC 581406628 7 true 0 0 1 0 0 true false false false false false false false false false false false false false false true false Schedule A, Part I, Line 1 PART I, LINE G The MCNC Endowment's supported organization, MCNC, will need to replace or refurbish significant assets upon asset end of life. Therefore, the support provided by the MCNC Endowment is intended to be long-term in nature. 143334885 155619 17643599 172604 25461 160936038 135868117 166822 7505346 166894 38506 143334885 149825703 4518273 -18256176 177498 42185 135868117 108762529 5179552 36112516 178077 50817 149825703 110181017 200070 -1448603 114772 55183 108762529 1.0 0.0 0.0 false false Privately Offered Investment Funds 49234745 F 49234745 0 X Schedule D, Part V, Line 4 Intended uses of endowment funds INTENDED USES OF THE ORGANIZATION'S ENDOWMENT FUNDS: THE MCNC ENDOWMENT WAS ESTABLISHED TO BE OPERATED EXCLUSIVELY FOR THE BENEFIT OF MCNC FOR CHARITABLE, EDUCATIONAL AND SCIENTIFIC OBJECTIVES AND FOR THE PUBLIC PURPOSE OF PROMOTING SCIENTIFIC RESEARCH AND EDUCATION TO ENCOURAGE THE DEVELOPMENT OF THE ELECTRONIC AND INFORMATION TECHNOLOGIES INDUSTRIES IN THE STATE OF NORTH CAROLINA. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The Organization is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code and from North Carolina income taxes under applicable sections of the General Statutes of North Carolina. Additionally, the Organization is exempt from property taxes on most property and qualifies for refunds of certain sales and use taxes. Certain segments of the Organization's network infrastructure provided to commercial entities is subject to property taxes. The Organization is subject to paying taxes on any unrelated business income generated on certain investments and revenue. No taxes were paid on unrelated business income in 2024 and 2023. false false false false false false false false false Tracy Doaks President & CEO 0 336751 0 120000 0 0 0 29775 0 7670 0 494196 0 0 Rachel J Pisciotta Treasurer (Former) 0 151042 0 0 0 0 0 15514 0 68259 0 234815 0 0 John Sean Doyle Secretary 0 215603 0 17224 0 0 0 26630 0 51261 0 310718 0 0 Shirley Jennings Asst. Secretary 0 124245 0 10866 0 0 0 13573 0 17330 0 166014 0 0 Form 990, Part VI, Line 8b Documentation of meetings held by committees of governing body MCNC Endowment does not have a separate committee. Form 990, Part VI, Line 11b Review of form 990 by governing body FORM 990 REVIEW PROCESS: THE FORM 990 IS PROVIDED TO THE GOVERNING BODY FOR REVIEW, COMMENT, AND APPROVAL BEFORE IT IS FILED. IT IS THE RESPONSIBILITY OF THE CHIEF FINANCIAL OFFICER TO VERIFY THE RECONCILIATION OF THE TAX RETURN TO THE AUDITED FINANCIAL STATEMENT PRIOR TO THE TAX RETURN BEING FILED. Form 990, Part VI, Line 12c Conflict of interest policy MONITORING CONFLICTS OF INTEREST: MCNC ENDOWMENT'S DIRECTORS ARE REQUIRED TO SIGN A NEW CONFLICT OF INTEREST POLICY STATEMENT ANNUALLY. SUBSEQUENT REVIEW OF ANY NOTED EXCEPTIONS ARE APPROPRIATELY ACTED UPON IF REQUIRED. Form 990, Part VI, Line 15a Process to establish compensation of top management official PROCESS FOR DETERMINING COMPENSATION: COMPENSATION FOR RELATED ORGANIZATION MCNC'S CEO/PRESIDENT IS DERIVED THROUGH A MULTl-FACETED APPROACH. SALARY SURVEY DATA IS COLLECTED AND SHARED WITH THE BOARD'S executive COMMITTEE. THE executive COMMITTEE THEN PRESENTS THEIR RECOMMENDATION TO THE BOARD. UPON A PROPERLY RECORDED BOARD VOTE, A CONTRACT IS THEN EXECUTED. Form 990, Part VI, Line 15b Process to establish compensation of other employees PROCESS FOR DETERMINING COMPENSATION: FOR ALL OTHER POSITIONS, EACH JOB IS CAREFULLY STUDIED BY THE DIRECTOR OF HUMAN RESOURCES AND A JOB CLASS ASSIGNED. SALARY SURVEY DATA IS THEN COLLECTED AND A SALARY RANGE FOR THE JOB CLASS IS DETERMINED IF THE CLASS DID NOT HAVE A PREVIOUSLY DETERMINED RANGE (NEW JOB CLASSES WOULD BE THE ONLY CASE WHERE RANGES ARE NOT CURRENTLY AVAILABLE). THE EMPLOYEE IS THEN OFFERED A SALARY WITHIN THE RANGE BASED ON THEIR SPECIFIC SKILL SETS AND EXPERIENCE LEVELS. ANY OFFICER SALARY BEYOND THE CEO/PRESIDENT'S COMPENSATION FURTHER REQUIRES BOARD APPROVAL. Form 990, Part VI, Line 19 Required documents available to the public MAKING INFORMATION AVAILABLE TO THE PUBLIC: MCNC ENDOWMENT'S ARTICLES OF INCORPORATION ARE AVAILABLE ON-LINE WITH THE NC SECRETARY OF STATE'S OFFICE. ALL OTHER DOCUMENTS ARE AVAILABLE UPON WRITTEN REQUEST TO THE CORPORATE SECRETARY. MCNC 3021 E Cornwallis Road Durham NC 27713 581406628 Broadband Tech NC 501(c)(3) 7 NA false false false false false false false false false false false false false false false false true false false true