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EIN 01-0702442

NC Idea

IRS 501(c) type
501(c)(3)
Num. employees
6
City
Durham
State
North Carolina
Year formed
2003
Most recent tax filings
2023-06-01
NTEE code, primary
T20: Private Foundations
Description
NC IDEA serves as a catalyst for young, high-growth, technology companies in North Carolina. They help these innovative companies mainly by providing early financing in the form of grants.
Total revenues
$3,122,027
2023
Total expenses
$6,348,635
2023
Total assets
$52,864,812
2023
Num. employees
6
2023

Program areas at NC Idea

NC Idea aided in the formation, financing, and growth of early-stage technology companies through mentoring, outreach activities, and technology commercialization grants.
Revenues generated to operate grant programs

Grants made by NC Idea

GranteeGrant descriptionAmount
The Shaw UniversityEcosystem Grants$150,000
WE Power FoodEcosystem Grants$123,495
NXTCLTEcosystem Grants$100,000
...and 37 more grants made totalling $969,245

Personnel at NC Idea

NameTitleCompensation
Thom RuhePresident and Chief Executive Officer
Thomas R RuheChief Executive Officer$405,692
Benjamin ReddingChief Financial Officer$161,416
Allan YoungerSenior Director$104,096
Sarah MixterProgram Manager / Program Director / Community Manager$65,992
...and 2 more key personnel

Financials for NC Idea

RevenuesFYE 06/2023
Total grants, contributions, etc.$126,112
Investment income and dividends$689,551
Net rental income$0
Net gain from sale of non-inventory assets$1,794,010
Gross sales of inventory$0
Miscellaneous revenues$512,354
Total revenues$3,122,027

Form 990s for NC Idea

Fiscal year endingDate received by IRSFormPDF link
2023-062024-03-12990PFView PDF
2022-062023-03-18990PFView PDF
2021-062022-03-12990PFView PDF
2020-062021-06-15990PFView PDF
2019-062020-10-02990PRView PDF
...and 11 more Form 990s
Data update history
May 21, 2024
Updated personnel
Identified 1 new personnel
November 25, 2023
Posted financials
Added Form 990PF for fiscal year 2021
June 17, 2023
Posted financials
Added Form 990PF for fiscal year 2022
June 15, 2023
Updated personnel
Identified 1 new personnel
May 11, 2023
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate non-operating foundationsCharities
Issues
Science and technology
Characteristics
Provides grantsConducts researchPartially liquidatedState / local levelTax deductible donations
General information
Address
411 W Chapel Hill St C2
Durham, NC 27701
Metro area
Durham-Chapel Hill, NC
Website URL
ncidea.org/ 
Phone
(919) 941-5600
Facebook page
ncidea 
Twitter profile
@ncidea 
IRS details
EIN
01-0702442
Fiscal year end
June
Taxreturn type
Form 990-PF
Year formed
2003
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T20: Private Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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