NonprofitsNorth Carolina Biotechnology Center

Science & Technology

North Carolina Biotechnology Center

DURHAM, NC

Total revenue

$23.1M

Total expenses

$24.0M

Net assets

$42.7M

Grants received

$154K

8 grants

EIN

561434024

Tax year

2023

Mission

To provide long-term economic and societal benefits to north carolina through support of biotechnology research, business, education and strategic policy statewide.

Programs

3 programs

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: $6.2MGrants: $822K

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: $4.2MGrants: $125K

General and administrative grants, loans and contributions.

Expenses: $20KGrants: $20K

Financials

FY 2023

Revenue

Contributions & grants$19.6M
Program service revenue$3.3M
Investment income$254K
Other revenue$16K
Total revenue$23.1M

Expenses

Grants paid$8.0M
Salaries & benefits$10.0M
Fundraising
Other expenses$6.0M
Total expenses$24.0M
Total assets$44.0M
Net assets$42.7M

People

47 listed

NameRoleCompensation

DOUG EDGETON

PRESIDENT & CEO/ASST BOD SECRETARY

Board

$343K

40 hrs/wk

JAMES BULLOCK

VP FINANCE/ASST BOD TREASURER

Board

$150K

40 hrs/wk

NEAL FOWLER

DIRECTOR

Board

1 hrs/wk

KELLY FULLER

DIRECTOR

Board

1 hrs/wk

PENNY GORDON-LARSEN

DIRECTOR

Board

1 hrs/wk

MICHELLE GRAINGER

DIRECTOR

Board

1 hrs/wk

WILLIAM HAWKINS III

DIRECTOR

Board

1 hrs/wk

UNDI HOFFLER

DIRECTOR

Board

1 hrs/wk

DAN JANIES

DIRECTOR

Board

1 hrs/wk

SHAYLAH NUNN JONES

DIRECTOR

Board

1 hrs/wk

KAREN LEVERT

DIRECTOR

Board

2 hrs/wk

JENNIFER LODGE

DIRECTOR

Board

1 hrs/wk

MICHELLE LOGAN

DIRECTOR

Board

1 hrs/wk

STEVE LOMMEL

DIRECTOR

Board

2 hrs/wk

JOHN LOYACK

DIRECTOR

Board

1 hrs/wk

MERRILL MASON

DIRECTOR

Board

2 hrs/wk

SHEILA MIKHAIL

DIRECTOR

Board

1 hrs/wk

TIM MINOR

DIRECTOR

Board

1 hrs/wk

ADAM MONROE

DIRECTOR

Board

1 hrs/wk

ARTHUR PAPPAS

DIRECTOR

Board

2 hrs/wk

SANTO COSTA

CHAIR

Board

2 hrs/wk

JOHN RABBY

DIRECTOR

Board

2 hrs/wk

MACHELLE BAKER SANDERS

DIRECTOR

Board

1 hrs/wk

MICHAEL TANNER

DIRECTOR

Board

1 hrs/wk

BEN TEAGUE

DIRECTOR

Board

1 hrs/wk

STEVE TROXLER

DIRECTOR

Board

1 hrs/wk

BHASKAR VENEPALLI

DIRECTOR

Board

1 hrs/wk

ASWANI VOLETY

DIRECTOR

Board

1 hrs/wk

THOMAS WALKER

DIRECTOR

Board

1 hrs/wk

BRAD WILSON

DIRECTOR

Board

1 hrs/wk

BENJAMIN YERXA

DIRECTOR

Board

1 hrs/wk

SHARON PAYNTER

DIRECTOR

Board

1 hrs/wk

MEREDITH FRIGA

VICE CHAIR AND TREASURER

Board

2 hrs/wk

PEYTON ANDERSON

SECRETARY

Board

2 hrs/wk

REBECCA ALEXANDER

DIRECTOR

Board

1 hrs/wk

JOHN ANTHONY ATALA

DIRECTOR

Board

1 hrs/wk

JOHN ATKINS III

DIRECTOR

Board

2 hrs/wk

MICHELLE BERREY

DIRECTOR

Board

2 hrs/wk

JAMES DATIN

DIRECTOR

Board

1 hrs/wk

JOY PARR DRACH

DIRECTOR

Board

2 hrs/wk

MARY BETH THOMAS

SR VP, SCIENCE & BUSINESS DEV

Staff

$200K

40 hrs/wk

WILLIAM BULLOCK

SR VP, ECON & STATEWIDE DEV

Staff

$200K

40 hrs/wk

MARK PHILLIPS

VP, STATEWIDE OPERATIONS

Staff

$163K

40 hrs/wk

ROBERT LINDBERG

VP, SCIENCE & TECH DEV

Staff

$163K

40 hrs/wk

LAURA ROWLEY

VP, LIFE SCIENCE ECON DEV

Staff

$152K

40 hrs/wk

MARY HECHT-KISSELL

VP, CORPORATE COMMUNICATIONS

Staff

$151K

40 hrs/wk

JOSEPH HENDERSON

VP, TALENT & CULTURE DEV

Staff

$151K

40 hrs/wk

Independent contractors

BAKER ROOFING COMPANY

ROOFING SERVICES

$288K

CATERING WORKS INC

FOOD SERVICES

$210K

PMI

FACILITIES MANAGEMENT

$192K

NETGAIN TECHNOLOGIES

IT SUPPORT

$144K

WRAL DIGITAL SOLUTIONS

COMMUNICATIONS

$119K

Grants received

Showing 8 of 8

FromAmountPurposeYear
$6K
EDUCATIONAL ASSISTANCE
2024
$5K
Stipend for AgTech Nation
2024
$5K
GENERAL OPERATING
2023
$73K
RESEARCH SUBAWARD
2022
$10K
General Support
2022
$8K
CHARITABLE DONATION
2022
$23K
RESEARCH SUBAWARD
2021
$25K
RESEARCH SUBAWARD
2020

Funded by

$154K from 6 funders · 8 grants · 2020–2024

University Of Delaware

$121K · 3 grants · 2020–2022

Research Triangle Institute

$10K · 1 grant · 2022

Charities Aid Foundation America

$8K · 1 grant · 2022

AgTech Innovation Alliance

$5K · 1 grant · 2024

Credit Suisse Americas Foundation

$5K · 1 grant · 2023

Details

EIN561434024
NTEE codeU500
Subsection03
Ruling date1985-05
Formed1984
Employees88
Volunteers38
NORTH CAROLINA BIOTECHNOLOGY CENTER — Mission, Financials & Grants Received | Grantivo