Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 07-01-2018 , and ending 06-30-2019
Name of foundation
NC IDEA
 
% BEN REDDING
Number and street (or P.O. box number if mail is not delivered to street address)320 BLACKWELL STREET Suite 400
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
DURHAM, NC27701
A Employer identification number

01-0702442
B Telephone number (see instructions)

(919) 941-5600
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$53,627,716J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 385,299
2 Check bullet.............
3 Interest on savings and temporary cash investments 169,746 169,746  
4 Dividends and interest from securities... 597,516 597,516  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,322,004
b Gross sales price for all assets on line 6a 2,438,521
7 Capital gain net income (from Part IV, line 2)... 1,322,004
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment -463,592 -466,995  
12 Total. Add lines 1 through 11........ 2,010,973 1,622,271  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 372,934     372,934
14 Other employee salaries and wages...... 698,871     698,871
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... 19,299     19,299
b Accounting fees (attach schedule)....... Click to see attachment 47,072 0 0 47,072
c Other professional fees (attach schedule).... Click to see attachment 103,569 23,538   80,031
17 Interest............... 6,307 6,307    
18 Taxes (attach schedule) (see instructions)... Click to see attachment 93,223     62,223
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 26,141     26,141
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 300,917     299,266
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,668,333 29,845 0 1,605,837
25 Contributions, gifts, grants paid....... 2,115,051 2,115,051
26 Total expenses and disbursements. Add lines 24 and 25 3,783,384 29,845 0 3,720,888
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,772,411
b Net investment income (if negative, enter -0-) 1,592,426
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 1,377,690 509,410 509,410
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet498,349
Less: allowance for doubtful accounts bullet   418,942 498,349 498,349
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 14,680 22,284 22,284
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 53,398,777 Click to see attachment52,543,611 52,543,611
14 Land, buildings, and equipment: basis bullet14,838
Less: accumulated depreciation (attach schedule) bullet3,319 3,337 11,519 11,519
15 Other assets (describe bullet) Click to see attachment56,522 Click to see attachment42,543 Click to see attachment42,543
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 55,269,948 53,627,716 53,627,716
Liabilities 17 Accounts payable and accrued expenses.......... 90,884 253,202
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 90,884 253,202
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................. 55,179,064 53,374,514
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)..... 55,179,064 53,374,514
31 Total liabilities and net assets/fund balances (see instructions). 55,269,948 53,627,716
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............
1
55,179,064
2
Enter amount from Part I, line 27a .....................
2
-1,772,411
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
53,406,653
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
32,139
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
53,374,514
Form 990-PF (2018)
Form 990-PF (2018)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a IDEA FUND I, LP GAIN(LOSS) PASS-THROUGH P    
b IDEA FUND II, LP GAIN(LOSS) PASS-THROUGH P    
c CAPITAL DYNAMICS CHAMPION VENTURES II GAIN(LOSS) PASS THROUGH P    
d CAPITAL DYNAMICS CHAMPION VENTURES II GAIN(LOSS) PASS THROUGH P    
e SOUTHEAST AFFILIATES FUND III, LP GAIN(LOSS) PASS THROUGH P    
THE TIFF KEYSTONE GAIN(LOSS) PASS THROUGH P    
THE TIFF KEYSTONE GAIN(LOSS) PASS THROUGH P    
TIFF MAF FUND INVESTMENT ACCOUNT P    
TIFF MAF FUND INVESTMENT ACCOUNT      
TIFF MAF FUND INVESTMENT ACCOUNT P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a     885,727 -885,727
b 67,157     67,157
c 33     33
d 57,559     57,559
e     116 -116
151,790     151,790
1,700,985     1,700,985
187,806     187,806
273,191     273,191
    230,674 -230,674
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       -885,727
b       67,157
c       33
d       57,559
e       -116
      151,790
      1,700,985
      187,806
      273,191
      -230,674
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 1,322,004
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2017 2,668,879 53,829,568 0.04958
2016 2,508,939 50,268,043 0.049911
2015 1,736,459 50,217,553 0.034579
2014      
2013      
2
Total of line 1, column (d) .....................
2
0.13407
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......
3
0.04469
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
53,336,974
5
Multiply line 4 by line 3......................
5
2,383,629
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
15,924
7
Add lines 5 and 6........................
7
2,399,553
8
Enter qualifying distributions from Part XII, line 4,.............
8
3,720,888
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form 990-PF (2018)
Form 990-PF (2018)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket includes lines 1a and 1b
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 15,924
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 15,924
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 15,924
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 35,937
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 35,937
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 20,013
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet20,013 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletNC
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
    Yes
     
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletNCIDEA.ORG
    14
    The books are in care ofbulletBEN REDDING Telephone no.bullet (919) 941-5600

    Located atbullet320 BLACKWELL STREET SUITE 400DURHAMNC ZIP+4bullet27701
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2018?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2018.)..................
    3b
     
    No
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
    No
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
     
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    SEAN O'LEARY SECRETARY
    0.5     		0 0 0
    320 BLACKWELL ST STE 400
    DURHAM,NC27701
    KAREN LEVERT BOARD CHAIR
    0.5     		0 0 0
    320 BLACKWELL ST STE 400
    DURHAM,NC27701
    THOMAS R RUHE CEO
    40.0     		328,487 44,447 0
    320 BLACKWELL ST STE 400
    DURHAM,NC27701
    PATTI GILLENWATER VICE CHAIR
    0.5     		0 0 0
    320 BLACKWELL ST STE 400
    DURHAM,NC27701
    PEYTON ANDERSON DIRECTOR
    0.5     		0 0 0
    320 BLACKWELL ST STE 400
    DURHAM,NC27701
    GREG BROWN TREASURER
    0.5     		0 0 0
    320 BLACKWELL ST STE 400
    DURHAM,NC27701
    DR GARRETT HINSHAW DIRECTOR
    0.5     		0 0 0
    320 BLACKWELL ST STE 400
    DURHAM,NC27701
    WALT BROWN DIRECTOR
    0.5     		0 0 0
    320 BLACKWELL ST STE 400
    DURHAM,NC27701
    LINDA HALL DIRECTOR
    0.5     		0 0 0
    320 BLACKWELL ST STE 400
    DURHAM,NC27701
    LUKE WALLING DIRECTOR
    0.5     		0 0 0
    320 BLACKWELL ST STE 400
    DURHAM,NC27701
    STELFANIE WILLIAMS DIRECTOR
    0.5     		0 0 0
    320 BLACKWELL ST STE 400
    DURHAM,NC27701
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    JOHN D AUSTIN SENIOR DIRECTOR
    40.0     		142,064 33,256  
    POWER PLANT BLDG
    DURHAM,NC27701
    AMY BASTAIN DIRECTOR
    40.0     		86,577 163  
    POWER PLANT BLDG
    DURHAM,NC27701
    ANDREA COOK DIRECTOR
    40.0     		89,133 3,739  
    POWER PLANT BLDG
    DURHAM,NC27701
    LAUREN MCCULLOUGH DIRECTOR
    40.0     		68,002 16,624  
    POWER PLANT BLDG
    DURHAM,NC27701
    BENJAMIN REDDING SENIOR DIRECTOR
    40.0     		100,563 27,486  
    POWER PLANT BLDG
    DURHAM,NC27701
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
     
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 N/A  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    0
    b
    Average of monthly cash balances.......................
    1b
    710,896
    c
    Fair market value of all other assets (see instructions)................
    1c
    53,438,316
    d
    Total (add lines 1a, b, and c).........................
    1d
    54,149,212
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    54,149,212
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    812,238
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    53,336,974
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    2,666,849
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    2,666,849
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    15,924
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    15,924
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,650,925
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    2,650,925
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    2,650,925
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    3,720,888
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    3,720,888
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    15,924
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    3,704,964
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2017     		(c)
    2017     		(d)
    2018
    1 Distributable amount for 2018 from Part XI, line 7 2,650,925
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 724,908
    b Total for prior years:2016, 2015, 2014  
    3 Excess distributions carryover, if any, to 2018:
    a From 2013......  
    b From 2014......  
    c From 2015......  
    d From 2016......  
    e From 2017...... 0
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 3,720,888
    a Applied to 2017, but not more than line 2a 724,908
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2018 distributable amount..... 2,650,925
    e Remaining amount distributed out of corpus 345,055
    5 Excess distributions carryover applied to 2018.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 345,055
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		345,055
    10 Analysis of line 9:
    a Excess from 2014....  
    b Excess from 2015....  
    c Excess from 2016....  
    d Excess from 2017.... 0
    e Excess from 2018.... 345,055
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2018, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2018 (b) 2017 (c) 2016 (d) 2015
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    NA
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    NA
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    NC IDEA
    320 BLACKWELL STREET STE 400
    DURHAM,NC27701
    (919) 941-5600
    bThe form in which applications should be submitted and information and materials they should include:
    Through five types of grant programs, named MICRO, SEED (formerly called "Technology Commercialization Assistance"), LEAD (formerly "Leadership"), ENGAGE (formerly "Community Engagement"), and ECOSYSTEM (formerly "Ecosystem Partner"), the Organization supports entrepreneurs and a diverse group of organizations throughout the state that are also helping entrepreneurs succeed.
    cAny submission deadlines:
     
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
     
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    NC IDEA
    320 BLACKWELL STREET STE 400
    DURHAM,NC27701
    (919) 941-5600
    bThe form in which applications should be submitted and information and materials they should include:
    The Organizations MICRO grant provides small amounts of funding to entrepreneurs who are testing a big, new business idea. Through small, project-based grants, the Organization grants MICRO awards funding up to $10,000 to young companies looking to validate and advance their idea. Management has found that funding, paired with mentorship and guidance, early in a companys lifecycle, can make a significant impact on future success. WHEN EVALUATING EACH APPLICATION, NC IDEA WILL MAKE AN ASSESSMENT OF THE STRENGTHS AND WEAKNESSES OF EACH APPLICANT COMPANY IN THE FOLLOWING AREAS: IDEA, TECHNOLOGY, TEAM, MARKET, COMPETITION, STRATEGY, FUNDING AND IMPACT. ADDITIONAL DETAILS ON THE EVALUATION CRITERIA CAN BE FOUND AT: https://ncidea.org/grants-programs/nc-idea-micro/
    cAny submission deadlines:
    NC IDEA'S MICRO GRANT PROGRAM HAS TWO GRANT CYCLES EACH YEAR. OUR SPRING GRANT CYCLE TYPICALLY OPENS
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    FOR MICRO GRANTS, NC IDEA'S EVALUATION PROCESS IS RIGOROUS AND COMPETITIVE. COMPANIES MUST MEET CRITERIA RELATED TO GEOGRAPHY, INDUSTRY, STAGE OF DEVELOPMENT, TEAM, MARKET OPPORTUNITY, AND PRIOR AND FUTURE INVESTMENT IN ORDER TO BE CONSIDERED. ADDITIONAL DETAILS REGARDING ELIGIBILITY CAN BE FOUND AT: https://ncidea.org/grants-programs/nc-idea-micro/
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    NC IDEA
    320 BLACKWELL STREET STE 400
    DURHAM,NC27701
    (919) 941-5600
    bThe form in which applications should be submitted and information and materials they should include:
    The Organizations SEED grant offers early stage companies the critical funding they need to scale faster. NC IDEA SEED grants are awarded to innovative startups with a proven concept, even if they are not yet profitable. The funds, along with mentorship and guidance, push companies forward and reduce risk associated with growing startups. WHEN EVALUATING EACH APPLICATION, NC IDEA WILL MAKE AN ASSESSMENT OF THE STRENGTHS AND WEAKNESSES OF EACH APPLICANT COMPANY IN THE FOLLOWING AREAS: IDEA, TECHNOLOGY, TEAM, MARKET, COMPETITION, STRATEGY, FUNDING AND IMPACT. ADDITIONAL DETAILS ON THE EVALUATION CRITERIA CAN BE FOUND AT: https://ncidea.org/grants-programs/nc-idea-seed/
    cAny submission deadlines:
    NC IDEA'S SEED GRANT PROGRAM HAS TWO GRANT CYCLES EACH YEAR. OUR SPRING GRANT CYCLE TYPICALLY OPENS
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    FOR SEED GRANTS, NC IDEA'S EVALUATION PROCESS IS RIGOROUS AND COMPETITIVE. COMPANIES MUST MEET CRITERIA RELATED TO GEOGRAPHY, INDUSTRY, STAGE OF DEVELOPMENT, TEAM, MARKET OPPORTUNITY, AND PRIOR AND FUTURE INVESTMENT IN ORDER TO BE CONSIDERED. ADDITIONAL DETAILS REGARDING ELIGIBILITY CAN BE FOUND AT: https://ncidea.org/grants-programs/nc-idea-seed/
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    NC IDEA
    320 BLACKWELL STREET STE 400
    DURHAM,NC27701
    (919) 941-5600
    bThe form in which applications should be submitted and information and materials they should include:
    The Organizations LEAD grant program sponsors personalized leadership training for founders and executives of high-potential, high-growth companies in North Carolina. WHEN EVALUATING EACH APPLICATION FOR PARTICIPATION, NC IDEA WILL MAKE AN ASSESSMENT OF THE STRENGTHS AND WEAKNESSES OF EACH APPLICATION BASED ON BOTH CHARACTERISTICS OF THE COMPANY BEING MANAGED AND THE INDIVIDUAL. ADDITIONAL DETAILS ON THE EVALUATION CRITERIA CAN BE FOUND AT: https://ncidea.org/grants-programs/nc-idea-lead/
    cAny submission deadlines:
    NC IDEA'S LEAD GRANT PROGRAM HAS A ROLLING AWARD DATE, BASED ON NOMINATION FOR THE GRANT FROM THE LO
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    FOR LEAD GRANTS, Participants are CXOs running venture-ready/venture-backed companies with less than 5 full-time employees. ADDITIONAL DETAILS REGARDING ELIGIBILITY CAN BE FOUND AT: https://ncidea.org/grants-programs/nc-idea-lead/
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    NC IDEA
    320 BLACKWELL STREET STE 400
    DURHAM,NC27701
    (919) 941-5600
    bThe form in which applications should be submitted and information and materials they should include:
    The Organizations ENGAGE grant program supports individuals and organizations by helping them offer programs, organize events, and facilitate activity that brings like-minded folks together to celebrate and promote entrepreneurship. Through NC IDEA ENGAGE, the Organization helps entrepreneurship advocates offer programs and organize events that bring people together to support entrepreneurial activity. WHEN EVALUATING EACH APPLICATION, NC IDEA WILL MAKE AN ASSESSMENT OF THE STRENGTHS AND WEAKNESSES OF EACH APPLICATION BASED ON WHETHER THE ACTIVITIES WILL PROMOTE ENTREPRENEURSHIP AS THE PRIMARY GOAL. ADDITIONAL DETAILS ON THE EVALUATION CRITERIA CAN BE FOUND AT: https://ncidea.org/grants-programs/nc-idea-engage/
    cAny submission deadlines:
    NC IDEA'S ENGAGE GRANT PROGRAM HAS A ROLLING AWARD DATE, BASED ON SUBMISSION OF GRANT APPLICATION BY
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    FOR ENGAGE GRANTS, GRANTEES MUST OFFER PROGRAMS, organize events, and facilitate activity that brings like-minded folks together to celebrate and promote entrepreneurship. ADDITIONAL DETAILS REGARDING ELIGIBILITY CAN BE FOUND AT: https://ncidea.org/grants-programs/nc-idea-engage/
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    NC IDEA
    320 BLACKWELL STREET STE 400
    DURHAM,NC27701
    (919) 941-5600
    bThe form in which applications should be submitted and information and materials they should include:
    The Organizations ECOSYSTEM grant program funds organizations across the state that execute creative programs to support entrepreneurs and strengthen North Carolina as a national exemplar for entrepreneurship. WHEN EVALUATING EACH APPLICATION, NC IDEA WILL MAKE AN ASSESSMENT OF THE STRENGTHS AND WEAKNESSES OF EACH APPLICATION BASED ON THE ORGANIZATION'S ABILITY AND DESIRE TO EXECUTE ON INNOVATIVE AND TRANSFORMATIONAL IDEAS THAT CAN STRENGTHEN NORTH CAROLINA'S ENTREPRENEURIAL ECOSYSTEM. ADDITIONAL DETAILS ON THE EVALUATION CRITERIA CAN BE FOUND AT: https://ncidea.org/grants-programs/nc-idea-ecosystem/
    cAny submission deadlines:
    NC IDEA'S ECOSYSTEM GRANT PROGRAM HAS ONE GRANT REVIEW AND AWARD CYCLE EVERY SECOND YEAR. THE FIRST
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    FOR ECOSYSTEM GRANTS, GRANTEES MUST BE EITHER Nonprofit OR for-profit organizations within North Carolina that primarily help people start and grow high potential firms. ADDITIONAL DETAILS REGARDING ELIGIBILITY CAN BE FOUND AT: https://ncidea.org/grants-programs/nc-idea-ecosystem/
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ALAMANCE COMMUNITY COLLEGE
    PO Box 8000
    GRAHAM,NC27253     		NONE NC COMMUNITY ENGAGEMENT 5,000
    ALONTREE COMPANY
    33 FAIRFAX AVENUE
    ASHEVILLE,NC28806     		NONE NC MICRO GRANT 10,000
    AMISSA INC
    9319 Robert D Snyder Rd
    CHARLOTTE,NC28270     		NONE NC MICRO GRANT 10,000
    APPALACHIAN STATE UNIVERSITY
    POB 32043
    BOONE,NC28608     		NONE NC COMMUNITY ENGAGEMENT 5,000
    ASPIRE COMMUNITY CAPITAL
    1800 CAMDEN ROAD
    CHARLOTTE,NC28203     		NONE NC COMMUNITY ENGAGEMENT 5,000
    BEAR FIBER INC
    1959 NORTH PEACE HAVEN ROAD 176
    WINSTONSALEM,NC27106     		NONE NC TECHNOLOGY COMMERCIALIZATION ASSISTANCE/SEED 45,000
    BETTERON
    201 West Main St 108
    Durham,NC27701     		NONE NC LEADERSHIP GRANTS 4,800
    BLACK BUSINESS EXPO USA INC
    2634 Chapel Hill Blvd
    DURHAM,NC27701     		NONE NC COMMUNITY ENGAGEMENT 5,000
    BLACK MOUNTAIN CIDERWORKS
    104 EASTSIDE DRIVE UNIT 307
    BLACK MOUNTAIN,NC28711     		NONE NC MICRO GRANT 5,060
    BLACK WALL STREET HOMECOMING
    106 W Parrish St
    DURHAM,NC27701     		NONE NC COMMUNITY ENGAGEMENT 5,000
    BLOCKCHAIN SOLUTIONS
    11331 Alvanley Hills Ct
    Charlotte,NC28262     		NONE NC MICRO GRANT 10,000
    BLUE RIDGE AROMATICS
    560 Pine Branch Rd
    Marshall,NC28753     		NONE NC MICRO GRANT 10,000
    BRAND TOGETHER
    814 Foster St Unit C
    Durham,NC27701     		NONE NC LEADERSHIP GRANTS 4,500
    BUNKER LABS
    800 PARK OFFICES DRIVE
    DURHAM,NC27709     		NONE NC ECOSYSTEM PARTNER GRANT 67,500
    CAROLINA SMALL BUSINESS DEVELOPMENT FUND
    3128 HIGHWOODS BLVD 170
    RALEIGH,NC27604     		NONE NC ECOSYSTEM PARTNER GRANT & COMMUNITY ENGAGEMENT 50,000
    CATAWBA VALLEY COMMUNITY COLLEGE
    2550 US HWY 70 SE
    HICKORY,NC286028302     		NONE NC ECOSYSTEM PARTNER GRANT 105,000
    Center for Agricultural & Food Entrepreneurship (C
    1461 Sand Hill Rd
    Candler,NC28715     		NONE NC COMMUNITY ENGAGEMENT 9,600
    CENTER FOR CREATIVE ECONOMY
    450 DESIGN AVENUE
    WINSTONSALEM,NC27101     		NONE NC ECOSYSTEM PARTNER GRANT 50,000
    CHURCHLEARN (ServeHub)
    530 Lonnie Henson Rd
    Vilas,NC28692     		NONE NC TECHNOLOGY COMMERCIALIZATION ASSISTANCE/SEED 22,000
    CITY START UP LABS INC
    9319 ROBERT D SYNDER ROAD
    CHARLOTTE,NC28223     		NONE NC COMMUNITY ENGAGEMENT 5,000
    COLLECTIVE HUSTLE
    131 th Ave 702
    New York,NY10003     		NONE NC COMMUNITY ENGAGEMENT 5,000
    COMPETE AGENCY
    115 Awesome St
    Cary,NC27511     		NONE NC LEADERSHIP GRANTS GRANT 750
    COURTROOM5
    2608 Erwin Rd Suite 148-113
    Durham,NC27705     		NONE NC TECHNOLOGY COMMERCIALIZATION ASSISTANCE/SEED 45,000
    DESCALZA
    512 Midland Ave
    Sanford,NC27330     		NONE NC MICRO GRANT 10,000
    DEVILS FOOT BEVERAGE LLC
    70 WEAVERVILLE ROAD
    ASHEVILLE,NC28804     		NONE NC TECHNOLOGY COMMERCIALIZATION ASSISTANCE/SEED 27,500
    DHIT INSTITUTE
    405 W FRANKLIN STREET
    CHAPEL HILL,NC27516     		NONE NC COMMUNITY ENGAGEMENT 5,000
    DUKE UNIVERSITY
    2138 CAMPUS DRIVE
    DURHAM,NC27708     		NONE NC ECOSYSTEM PARTNER GRANT 50,000
    E4 CAROLINAS
    9319 Robert D Snyder Rd
    CHARLOTTE,NC28223     		NONE NC COMMUNITY ENGAGEMENT 5,000
    EAST CAROLINA UNIVERSITY
    Office of Research Administration
    GREENVILLE,NC27858     		NONE NC ECOSYSTEM PARTNER GRANT & COMMUNITY ENGAGEMENT 47,347
    ECOTEK INDUSTRIES
    621 Hillside Drive
    Wilmington,NC28412     		NONE NC MICRO GRANT 10,000
    EDUSTRUCT
    PO BOX 276
    WAKE FOREST,NC27588     		NONE NC COMMUNITY ENGAGEMENT 7,500
    ELITE HRV
    30 WESTGATE PARKWAY 355
    SUITE C
    ASHEVILLE,NC28806     		NONE NC TECHNOLOGY COMMERCIALIZATION ASSISTANCE/SEED 30,000
    ENTREPRENEURIAL PLACES LLC
    5500 Fortunes Ridge Dr 75A
    Durham,NC27713     		NONE NC COMMUNITY ENGAGEMENT 5,000
    ENTREPRENURIAL LEARNING INITIATIVE (ELI)
    8600 Tyler Blvd PO 986
    MENTOR,OH44061     		NONE NC ECOSYSTEM PARTNER GRANT 106,786
    EXLATTICE INC
    514 Daniels St 188
    Raleigh,NC17605     		NONE NC TECHNOLOGY COMMERCIALIZATION ASSISTANCE/SEED 50,000
    FEEDSTATION
    321 West Rosemary Street
    Chapel Hill,NC27516     		NONE NC TECHNOLOGY COMMERCIALIZATION ASSISTANCE/SEED 20,000
    FIRST FLIGHT VENTURE CENTER
    2 DAVIS DRIVE
    DURHAM,NC27709     		NONE NC ECOSYSTEM PARTNER GRANT 20,000
    FITMOM ATHLETICS LLC
    1022 Woodside Park Lane
    Durham,NC27704     		NONE NC MICRO GRANT 10,000
    FREEMAN CAPITAL
    2015 AYRSLEY TOWN BLVD STE 202
    CHARLOTTE,NC28273     		NONE NC TECHNOLOGY COMMERCIALIZATION ASSISTANCE/SEED & MIC 45,060
    GIG CONNECTED
    5534 Kincross Ln
    Charlotte,NC28277     		NONE NC MICRO GRANT 10,000
    GLEAN LLC
    963 HIGHWAY 258 SOUTH
    SNOW HILL,NC28580     		NONE NC TECHNOLOGY COMMERCIALIZATION ASSISTANCE/SEED 30,000
    GOKART KIDS
    725 Transom View Way
    Cary,NC27519     		NONE NC TECHNOLOGY COMMERCIALIZATION ASSISTANCE/SEED 25,000
    GREENSBORO CHAMBER FOUNDATION
    111 W FEBRUARY 1 PLACE
    GREENSBORO,NC27401     		NONE NC ECOSYSTEM PARTNER GRANT 25,000
    GRILL PINZ
    370 WOMBLE ROAD
    SANFORD,NC27330     		NONE NC MICRO GRANT 10,000
    HALIFAX COMMUNITY COLLEGE
    100 COLLEGE DRIVE
    WELDON,NC27890     		NONE NC COMMUNITY ENGAGEMENT 5,000
    HATCH AVL FOUNDATION
    45 S FRENCH BROAD AVENUE
    ASHEVILLE,NC28801     		NONE NC COMMUNITY ENGAGEMENT 5,000
    HEALTHTECH WOMEN
    1540 Greenwich St 202
    San Francisco,CA94123     		NONE NC COMMUNITY ENGAGEMENT 5,000
    INNOVATE CHARLOTTE
    933 LOUISE AVENUE 101A
    CHARLOTTE,NC28204     		NONE NC ECOSYSTEM PARTNER GRANT 70,000
    INNOVATE RALEIGH
    800 S SALISBURY STREET
    1070 PARTNERS WAY 4100
    RALEIGH,NC27601     		NONE NC COMMUNITY ENGAGEMENT 10,000
    JEDDAH'S TEA LLC
    2908 Arnold Rd
    Durham,NC27707     		NONE NC MICRO GRANT 10,000
    JUNIOR ACHIEVEMENT OF EASTERN NC
    1701 N Graham Street Suite 100
    Charlotte,NC28206     		NONE NC COMMUNITY ENGAGEMENT 5,000
    LAMASSU ARAK
    2082 2nd Street Drive NW
    Hickory,NC28601     		NONE NC MICRO GRANT 10,000
    LAUNCHBIO INC
    701 W MAIN STREET STE 200
    DURHAM,NC27701     		NONE NC ECOSYSTEM PARTNER GRANT 60,000
    LAUNCH-UNCG
    ROOM 1613 MHRA BUILDING
    GREENSBORO,NC27402     		NONE NC ECOSYSTEM PARTNER GRANT 29,484
    Verdonik and JonesInnovate Capital Law
    4242 Six Forks Road Suite 1550
    Raleigh,NC27609     		NONE NC COMMUNITY ENGAGEMENT 6,000
    LIVWELL NUTRITION
    521 N 38th St
    Philadelphia,PA19104     		NONE NC MICRO GRANT 5,060
    LOANABLE LLC
    1715 KENT STREET
    DURHAM,NC27707     		NONE NC TECHNOLOGY COMMERCIALIZATION ASSISTANCE/SEED 20,000
    MERCIER
    8869 Thornton Commons Dr
    Wake Forest,NC27587     		NONE NC MICRO GRANT 10,000
    MIXXER MAKERSPACE
    1375 NORTH MARTIN LUTHER KING JR D
    WINSTONSALEM,NC27101     		NONE NC COMMUNITY ENGAGEMENT 5,000
    MOORFORLESSCOM
    325 Tanbridge Rd
    Wilmington,NC28405     		NONE NC MICRO GRANT 10,000
    MOUNTAIN BIZWORKS
    153 S LEXINGTON AVENUE
    ASHEVILLE,NC28801     		NONE NC ECOSYSTEM PARTNER GRANT 55,000
    MUDDY DOG ROASTINGCOM
    3000-110 BEARCAT WAY
    MORRISVILLE,NC27560     		NONE NC COMMUNITY ENGAGEMENT 3,815
    MYBEEHYVE
    502 BALLAST POINT ROAD
    HAMPSTEAD,NC28443     		NONE NC TECHNOLOGY COMMERCIALIZATION ASSISTANCE/SEED 40,000
    NASH COMMUNITY COLLEGE
    PO Box 7488
    ROCKY MOUNT,NC27804     		NONE NC COMMUNITY ENGAGEMENT 5,000
    NCSU INSTITUTE OF EMERGING ISSUES
    2701 Sullican Drive Admin III Suit
    RALEIGH,NC27695     		NONE NC COMMUNITY ENGAGEMENT 5,000
    Neli (fka TIN LIZZEE)
    143 Charlotte Ave
    Sanford,NC27330     		NONE NC TECHNOLOGY COMMERCIALIZATION ASSISTANCE/SEED 20,000
    NETWORK FOR ENTREPRENEURS IN WILMINGTON
    313 W Juniper Ave
    WAKE FOREST,NC27587     		NONE NC COMMUNITY ENGAGEMENT 2,500
    NEXTGENCENT
    PO BOX 52463
    DURHAM,NC27717     		NONE NC LEADERSHIP GRANTS 29,390
    OPTIMAL SOLAR
    PO BOX 110401
    DURHAM,NC27709     		NONE NC MICRO GRANT 3,000
    PATRICIA TABORN MODELING AGENCY
    PO Box 15009
    Durham,NC27704     		NONE NC COMMUNITY ENGAGEMENT 3,000
    PHINITE
    3110 Edwards Mill Rd Ste 300
    Raleigh,NC27701     		NONE NC TECHNOLOGY COMMERCIALIZATION ASSISTANCE/SEED 50,000
    POLLYNATION APOTHECARY LLC
    8520 PROSSER WAY UNIT 205
    CHARLOTTE,NC28216     		NONE NC MICRO GRANT 10,000
    POSTBIOTIC LABS
    1203 Aspen Way
    WinstonSalem,NC27106     		NONE NC MICRO GRANT 10,000
    PRESERVATION DYEHOUSE
    137 Rosedale Circle
    WinstonSalem,NC27106     		NONE NC MICRO GRANT 10,000
    PROSPERA
    145 SCALEYBARK ROAD
    CHARLOTTE,NC28209     		NONE NC COMMUNITY ENGAGEMENT 5,000
    QUEEN CITY FINTECH
    222 S Church St
    CHARLOTTE,NC28202     		NONE NC COMMUNITY ENGAGEMENT 3,000
    QUEENS COLLEGE OF CHARLOTTE
    1900 SELWYN AVENUE
    CHARLOTTE,NC28274     		NONE NC COMMUNITY ENGAGEMENT 2,500
    REDIRECTION
    5215 Stantonsburg Rd
    Greenville,NC27834     		NONE NC COMMUNITY ENGAGEMENT 5,000
    RENAISSANCE FIBER LLC
    212 Dixie
    Wilmington,NC28403     		NONE NC TECHNOLOGY COMMERCIALIZATION ASSISTANCE/SEED 16,109
    RENT ASSURED
    PO BOX 1133
    LEWISVILLE,NC27023     		NONE NC MICRO GRANT 10,000
    RICHCARE DEVELOPMENT LLC
    241 HALES WOOD ROAD
    CHAPEL HILL,NC27517     		NONE NC LEADERSHIP GRANTS 2,000
    RJRD ASSOCIATES & CONSULTANTS
    3030 BLUEBIRD LANE
    MEBANE,NC27302     		NONE NC COMMUNITY ENGAGEMENT 5,000
    SALESSYNC
    302 POND BLUFF WAY
    CARY,NC27513     		NONE NC TECHNOLOGY COMMERCIALIZATION ASSISTANCE/SEED 30,500
    SiNON THERAPEUTICS
    2 DAVIS DRIVE
    DURHAM,NC27709     		NONE NC TECHNOLOGY COMMERCIALIZATION ASSISTANCE/SEED 5,930
    SMALL BUSINESS CENTER AT WILSON COMMUNITY COLLEGE
    902 HERRING AVE E
    WILSON,NC27893     		NONE NC COMMUNITY ENGAGEMENT 5,000
    STARTCHARLOTTE
    11443 Mangla Dr
    Charlotte,NC28214     		NONE NC ECOSYSTEM PARTNER GRANT & COMMUNITY ENGAGEMENT 55,000
    STARTUP HIGH COUNTRY
    164 S DEPOT STREET
    BOONE,NC28607     		NONE NC ECOSYSTEM PARTNER GRANT 42,500
    THE FREELANCE LEAGUE OF NC
    1407 Woodland Dr
    Durham,NC27701     		NONE NC COMMUNITY ENGAGEMENT 5,000
    THE HELIUS FOUNDATION
    2208 Collier Drive
    SUITE 200-21
    Durham,NC27707     		NONE NC COMMUNITY ENGAGEMENT 5,000
    THE NUSSBAUM CENTER FOR ENTREPRENEURSHIP
    1451 S ELM-EUGENE STREET
    GREENSBORO,NC27406     		NONE NC COMMUNITY ENGAGEMENT 5,000
    THE TRADESHOW MANAGER
    1741 Brooks Avenue
    Raleigh,NC27607     		NONE NC COMMUNITY ENGAGEMENT 4,000
    THOMAS ENTREPRENEUSHIP HUB UNC-PEMBROKE
    1 University Dr
    PEMBROKE,NC28372     		NONE NC COMMUNITY ENGAGEMENT 4,800
    TRIANGLE-COUNTY COMMUNITY COLLEGE
    21 CAMPUS CIRCLE
    MURphy,NC28906     		NONE NC COMMUNITY ENGAGEMENT 5,000
    UNC AT PEMBROKE FOUNDATION
    PO BOX 1510
    PEMBROKE,NC28372     		NONE NC ECOSYSTEM PARTNER GRANT 62,500
    UNC-WILMINGTON
    601 S COLLEGE ROAD
    WILMINGTON,NC28403     		NONE NC ECOSYSTEM PARTNER GRANT & COMMUNITY ENGAGEMENT 40,000
    UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL
    104 Airport Drive Suite 2200 CB135
    CHAPEL HILL,NC27599     		NONE NC ECOSYSTEM PARTNER GRANT 40,000
    VANMILE
    1443 E 7th Street Suite 202
    Charlotte,NC28204     		NONE NC MICRO GRANT 5,060
    VENTURE ASHEVILLE
    36 MONTFORD AVENUE
    ASHEVILLE,NC28801     		NONE NC ECOSYSTEM PARTNER GRANT 50,000
    VENTUREPRISE INC
    9201 UNIVERSITY CITY BLVD
    CHARLOTTE,NC28223     		NONE NC ECOSYSTEM PARTNER GRANT 47,500
    VITALFLO
    16 W MARTIN STREET STE 910
    RALEIGH,NC27601     		NONE NC TECHNOLOGY COMMERCIALIZATION ASSISTANCE/SEED 38,000
    VIZLA LLC
    7689 Campbell Crk Ln
    CHARLOTTE,NC28212     		NONE NC TECHNOLOGY COMMERCIALIZATION ASSISTANCE/SEED 45,000
    WAKE TECHNICAL COMMUNITY COLLEGE
    6600 LOUISBURG ROAD
    RALEIGH,NC27616     		NONE NC COMMUNITY ENGAGEMENT 5,000
    WIRELESS RESEARCH CENTER (RIOT)
    3331 HERITAGE TRADE DRIVE SUITE 10
    WAKE FOREST,NC27587     		NONE NC ECOSYSTEM PARTNER GRANT 10,000
    WRAL TECHWIRE
    2619 Western Blvd
    RALEIGH,NC27606     		NONE NC COMMUNITY ENGAGEMENT 5,000
    YOUNG FOUNDERS INSTITUTE
    306 W Franklin St Ste F
    CHAPEL HILL,NC27516     		NONE NC COMMUNITY ENGAGEMENT 5,000
    Total .................................bullet 3a 2,115,051
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 767,262  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....     18    
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 858,412  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   1,625,674  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,625,674
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    . NOT APPLICABLE
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2018)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2018
    Name of the organization
    NC IDEA
     
    Employer identification number

    01-0702442
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018) Page 2
    Name of organization
    NC IDEA
          		Employer identification number
    01-0702442
    Part I
    Contributors (See instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    THOMAS R RUHE  
    320 BLACKWELL STREET
     
    DURHAM, NC27701

    		$ 385,299


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 3
    Name of organization
    NC IDEA
          		Employer identification number

    01-0702442
    Part II
    Noncash Property (See instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 235,000 SHS THE ENTREPRENEURIAL LEARNING INITIATIVE $ 385,299 2019-05-06
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 4
    Name of organization
    NC IDEA
          		Employer identification number

    01-0702442
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2018 AccountingFeesSchedule
    Name:
    NC IDEA
    EIN:
    01-0702442
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 47,072     47,072

    TY 2018 AllOthProgRltdInvestmentsSch
    Name:
    NC IDEA
    EIN:
    01-0702442
    Category Amount
    N/A  

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2018 DepreciationSchedule
    Name:
    NC IDEA
    EIN:
    01-0702442
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2018 ExpenditureResponsibilityStmt
    Name:
    NC IDEA
    EIN:
    01-0702442
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    ALAMANCE COMMUNITY COLLEGE
          		PO Box 8000
    GRAHAM,NC27253     		2019-03-01 5,000 COMMUNITY ENGAGEMENT MODEL 5,000 NO UPON COMPLETION   N/A
    ALONTREE COMPANY
          		33 FAIRFAX AVENUE
    ASHEVILLE,NC28806     		2019-05-17 10,000 MICRO GRANT PROGRAM FOR SIX TO EIGHT STARTUPS 10,000 NO UPON COMPLETION   N/A
    AMISSA INC
          		9319 Robert D Snyder Rd
    CHARLOTTE,NC28270     		2019-05-17 10,000 MICRO GRANT 10,000 NO UPON COMPLETION   N/A
    APPALACHIAN STATE UNIVERSITY
          		POB 32043
    BOONE,NC28608     		2019-01-17 5,000 COMMUNITY ENGAGEMENT 5,000 NO UPON COMPLETION   N/A
    ASPIRE COMMUNITY CAPITAL
          		1800 CAMDEN ROAD
    CHARLOTTE,NC28203     		2019-03-29 5,000 COMMUNITY ENGAGEMENT 5,000 NO UPON COMPLETION   N/A
    BEAR FIBER INC
          		1959 NORTH PEACE HAVEN ROAD 176
    WINSTONSALEM,NC27106     		2019-01-10 50,000 TECHNOLOGY COMMERCIALIZATION ASSISTANCE/SEED 45,000 NO INTERM AND FINAL REPORTS   N/A
    BETTERON
          		201 West Main St 108
    Durham,NC27701     		2019-05-26 4,800 LEADERSHIP GRANTS 4,800 NO UPON COMPLETION   N/A
    BLACK BUSINESS EXPO USA INC
          		2634 Chapel Hill Blvd
    DURHAM,NC27701     		2018-10-22 5,000 COMMUNITY ENGAGEMENT 5,000 NO UPON COMPLETION   N/A
    BLACK MOUNTAIN CIDERWORKS
          		104 EASTSIDE DRIVE UNIT 307
    BLACK MOUNTAIN,NC28711     		2019-03-21 5,060 MICRO GRANT 5,060 NO UPON COMPLETION   N/A
    BLACK WALL STREET HOMECOMING
          		106 W Parrish St
    DURHAM,NC27701     		2018-09-14 5,000 COMMUNITY ENGAGEMENT 5,000 NO UPON COMPLETION   N/A
    BLOCKCHAIN SOLUTIONS
          		11331 Alvanley Hills Ct
    Charlotte,NC28262     		2019-05-24 10,000 MICRO GRANT 10,000 NO UPON COMPLETION   N/A
    BLUE RIDGE AROMATICS
          		560 Pine Branch Rd
    Marshall,NC28753     		2019-06-03 10,000 MICRO GRANT 10,000 NO UPON COMPLETION   N/A
    BRAND TOGETHER
          		814 Foster St Unit C
    Durham,NC27701     		2019-06-04 4,500 LEADERSHIP GRANTS 4,500 NO UPON COMPLETION   N/A
    BUNKER LABS
          		800 PARK OFFICES DRIVE
    DURHAM,NC27709     		2018-10-22 75,000 ECOSYSTEM PARTNER GRANT 67,500 NO INTERM AND FINAL REPORTS   N/A
    CAROLINA SMALL BUSINESS DEVELOPMENT FUND
          		3128 HIGHWOODS BLVD 170
    RALEIGH,NC27604     		2018-11-29 50,000 ECOSYSTEM PARTNER GRANT & COMMUNITY ENGAGEMENT 50,000 NO INTERM AND FINAL REPORTS   N/A
    CATAWBA VALLEY CHAMBER OF COMMERCE
          		PO Box 1828
    Hickory,NC28603     		2018-11-02 5,000 COMMUNITY ENGAGEMENT 5,000 NO UPON COMPLETION   N/A
    CATAWBA VALLEY COMMUNITY COLLEGE
          		2550 US HWY 70 SE
    HICKORY,NC286028302     		2019-05-17 100,000 ECOSYSTEM PARTNER GRANT 100,000 NO INTERM AND FINAL REPORTS   N/A
    Center for Agricultural & Food Entrepren
          		1461 Sand Hill Rd
    Candler,NC28715     		2018-12-14 9,600 COMMUNITY ENGAGEMENT 9,600 NO UPON COMPLETION   N/A
    CENTER FOR CREATIVE ECONOMY
          		450 DESIGN AVENUE
    WINSTONSALEM,NC27101     		2018-11-13 100,000 ECOSYSTEM PARTNER GRANT 50,000 NO QUARTERLY REPORTS FROM AWARDING OF GRANT TO COMPLETION   N/A
    CHURCHLEARN (ServeHub)
          		530 Lonnie Henson Rd
    Vilas,NC28692     		2019-06-07 50,000 TECHNOLOGY COMMERCIALIZATION ASSISTANCE/SEED 22,000 NO QUARTERLY REPORTS FROM AWARDING OF GRANT TO COMPLETION   N/A
    CITY START UP LABS INC
          		9319 ROBERT D SYNDER ROAD
    CHARLOTTE,NC28223     		2019-02-05 5,000 COMMUNITY ENGAGEMENT 5,000 NO UPON COMPLETION   N/A
    COLLECTIVE HUSTLE
          		131 th Ave 702
    New York,NY10003     		2018-12-11 5,000 COMMUNITY ENGAGEMENT 5,000 NO UPON COMPLETION   N/A
    COMPETE AGENCY
          		115 Awesome St
    Cary,NC27511     		2019-05-10 750 LEADERSHIP GRANTS 750 NO UPON COMPLETION   N/A
    COURTROOM5
          		2608 Erwin Rd Suite 148-113
    Durham,NC27705     		2018-12-11 50,000 TECHNOLOGY COMMERCIALIZATION ASSISTANCE/SEED 45,000 NO QUARTERLY REPORTS FROM AWARDING OF GRANT TO COMPLETION   N/A
    DESCALZA
          		512 Midland Ave
    Sanford,NC27330     		2019-05-17 10,000 MICRO GRANT 10,000 NO UPON COMPLETION   N/A
    DEVILS FOOT BEVERAGE LLC
          		70 WEAVERVILLE ROAD
    ASHEVILLE,NC28804     		2019-06-18 50,000 TECHNOLOGY COMMERCIALIZATION ASSISTANCE/SEED 27,500 NO QUARTERLY REPORTS FROM AWARDING OF GRANT TO COMPLETION   N/A
    DHIT INSTITUTE
          		405 W FRANKLIN STREET
    CHAPEL HILL,NC27516     		2019-10-23 5,000 COMMUNITY ENGAGEMENT 5,000 NO UPON COMPLETION   N/A
    DUKE UNIVERSITY
          		2138 CAMPUS DRIVE
    DURHAM,NC27708     		2019-01-22 150,000 ECOSYSTEM PARTNER GRANT 50,000 NO QUARTERLY REPORTS FROM AWARDING OF GRANT TO COMPLETION   N/A
    E4 CAROLINAS
          		9319 Robert D Snyder Rd
    CHARLOTTE,NC28223     		2018-10-29 5,000 COMMUNITY ENGAGEMENT 5,000 NO UPON COMPLETION   N/A
    EAST CAROLINA UNIVERSITY
          		Office of Research Administration
    GREENVILLE,NC27858     		2019-02-04 153,050 ECOSYSTEM PARTNER GRANT & COMMUNITY ENGAGEMENT 48,050 NO QUARTERLY REPORTS FROM AWARDING OF GRANT TO COMPLETION   N/A
    ECOTEK INDUSTRIES
          		621 Hillside Drive
    Wilmington,NC28412     		2018-07-09 10,000 MICRO GRANT 1,000 NO UPON COMPLETION   N/A
    EDUSTRUCT
          		PO BOX 276
    WAKE FOREST,NC27588     		2019-04-15 7,500 COMMUNITY ENGAGEMENT 7,500 NO UPON COMPLETION   N/A
    ELITE HRV
          		30 WESTGATE PARKWAY 355
    ASHEVILLE,NC28806     		2018-06-15 50,000 TECHNOLOGY COMMERCIALIZATION ASSISTANCE/SEED 50,000 NO QUARTERLY REPORTS FROM AWARDING OF GRANT TO COMPLETION   N/A
    ENTREPRENEURIAL PLACES LLC
          		5500 Fortunes Ridge Dr 75A
    Durham,NC27713     		2019-05-21 5,000 COMMUNITY ENGAGEMENT 5,000 NO UPON COMPLETION   N/A
    ENTREPRENURIAL LEARNING INITIATIVE (ELI)
          		8600 Tyler Blvd PO 986
    MENTOR,OH44061     		2018-12-05 87,517 ECOSYSTEM PARTNER GRANT 87,517 NO QUARTERLY REPORTS FROM AWARDING OF GRANT TO COMPLETION   N/A
    EXLATTICE INC
          		514 Daniels St 188
    Raleigh,NC17605     		2019-01-02 50,000 TECHNOLOGY COMMERCIALIZATION ASSISTANCE/SEED 50,000 NO QUARTERLY REPORTS FROM AWARDING OF GRANT TO COMPLETION   N/A
    FEEDSTATION
          		321 West Rosemary Street
    Chapel Hill,NC27516     		2019-06-26 50,000 TECHNOLOGY COMMERCIALIZATION ASSISTANCE/SEED 20,000 NO QUARTERLY REPORTS FROM AWARDING OF GRANT TO COMPLETION   N/A
    FIRST FLIGHT VENTURE CENTER
          		2 DAVIS DRIVE
    DURHAM,NC27709     		2018-12-21 50,000 ECOSYSTEM PARTNER GRANT 20,000 NO QUARTERLY REPORTS FROM AWARDING OF GRANT TO COMPLETION   N/A
    FITMOM ATHLETICS LLC
          		1022 Woodside Park Lane
    Durham,NC27704     		2019-05-17 10,000 MICRO GRANT 10,000 NO UPON COMPLETION   N/A
    FREEMAN CAPITAL
          		2015 AYRSLEY TOWN BLVD STE 202
    CHARLOTTE,NC28273     		2018-07-01 50,000 TECHNOLOGY COMMERCIALIZATION ASSISTANCE/SEED & MICRO 45,050 NO QUARTERLY REPORTS FROM AWARDING OF GRANT TO COMPLETION   N/A
    GIG CONNECTED
          		5534 Kincross Ln
    Charlotte,NC28277     		2019-05-17 10,000 MICRO GRANT 10,000 NO UPON COMPLETION   N/A
    GLEAN LLC
          		963 HIGHWAY 258 SOUTH
    SNOW HILL,NC28580     		2018-06-15 50,000 TECHNOLOGY COMMERCIALIZATION ASSISTANCE/SEED 30,000 NO QUARTERLY REPORTS FROM AWARDING OF GRANT TO COMPLETION   N/A
    GOKART KIDS
          		725 Transom View Way
    Cary,NC27519     		2019-06-18 50,000 TECHNOLOGY COMMERCIALIZATION ASSISTANCE/SEED 25,000 NO QUARTERLY REPORTS FROM AWARDING OF GRANT TO COMPLETION   N/A
    GREENSBORO CHAMBER FOUNDATION
          		111 W FEBRUARY 1 PLACE
    GREENSBORO,NC27401     		2018-12-11 250,000 ECOSYSTEM PARTNER GRANT 25,000 NO QUARTERLY REPORTS FROM AWARDING OF GRANT TO COMPLETION   N/A
    GRILL PINZ
          		370 WOMBLE ROAD
    SANFORD,NC27330     		2019-05-17 10,000 MICRO GRANT 10,000 NO UPON COMPLETION   N/A
    HALIFAX COMMUNITY COLLEGE
          		100 COLLEGE DRIVE
    WELDON,NC27890     		2019-01-30 5,000 COMMUNITY ENGAGEMENT 5,000 NO UPON COMPLETION   N/A
    HATCH AVL FOUNDATION
          		45 S FRENCH BROAD AVENUE
    ASHEVILLE,NC28801     		2018-10-22 5,000 COMMUNITY ENGAGEMENT 5,000 NO UPON COMPLETION   N/A
    HEALTHTECH WOMEN
          		1540 Greenwich St 202
    San Francisco,CA94123     		2019-02-25 5,000 COMMUNITY ENGAGEMENT 5,000 NO UPON COMPLETION   N/A
    INNOVATE CHARLOTTE
          		933 LOUISE AVENUE 101A
    CHARLOTTE,NC28204     		2018-11-02 100,000 ECOSYSTEM PARTNER GRANT 70,000 NO QUARTERLY REPORTS FROM AWARDING OF GRANT TO COMPLETION   N/A
    INNOVATE RALEIGH
          		800 S SALISBURY STREET
    RALEIGH,NC27601     		2018-10-29 10,000 COMMUNITY ENGAGEMENT 10,000 NO UPON COMPLETION   N/A
    JEDDAH'S TEA LLC
          		2908 Arnold Rd
    Durham,NC27707     		2019-05-17 10,000 MICRO GRANT 10,000 NO UPON COMPLETION   N/A
    JUNIOR ACHIEVEMENT OF EASTERN NC
          		1701 N Graham Street Suite 100
    Charlotte,NC28206     		2018-08-23 5,000 COMMUNITY ENGAGEMENT 5,000 NO UPON COMPLETION   N/A
    LAMASSU ARAK
          		2082 2nd Street Drive NW
    Hickory,NC28601     		2019-05-17 10,000 MICRO GRANT 10,000 NO UPON COMPLETION   N/A
    LAUNCHBIO INC
          		701 W MAIN STREET STE 200
    DURHAM,NC27701     		2018-11-02 90,000 ECOSYSTEM PARTNER GRANT 60,000 NO QUARTERLY REPORTS FROM AWARDING OF GRANT TO COMPLETION   N/A
    LAUNCH-UNCG
          		ROOM 1613 MHRA BUILDING
    GREENSBORO,NC27402     		2018-10-29 98,280 ECOSYSTEM PARTNER GRANT 29,484 NO INTERM AND FINAL REPORTS    
    Verdonik and JonesInnovate Capital Law
          		4242 Six Forks Road Suite 1550
    Raleigh,NC27609     		2019-04-26 6,000 COMMUNITY ENGAGEMENT 6,000 NO UPON COMPLETION    
    LIVWELL NUTRITION
          		521 N 38th St
    Philadelphia,PA19104     		2019-04-15 5,060 MICRO GRANT 5,060 NO UPON COMPLETION    
    LOANABLE LLC
          		1715 KENT STREET
    DURHAM,NC27707     		2018-08-29 50,000 TECHNOLOGY COMMERCIALIZATION ASSISTANCE/SEED 20,000 NO QUARTERLY REPORTS FROM AWARDING OF GRANT TO COMPLETION    
    MERCIER
          		8869 Thornton Commons Dr
    Wake Forest,NC27587     		2019-05-24 10,000 MICRO GRANT 10,000 NO UPON COMPLETION    
    MIXXER MAKERSPACE
          		1375 NORTH MARTIN LUTHER KING JR D
    WINSTONSALEM,NC27101     		2019-04-29 5,000 COMMUNITY ENGAGEMENT 5,000 NO UPON COMPLETION    
    MOORFORLESSCOM
          		325 Tanbridge Rd
    Wilmington,NC28405     		2019-05-24 10,000 MICRO GRANT 10,000 NO UPON COMPLETION    
    MOUNTAIN BIZWORKS
          		153 S LEXINGTON AVENUE
    ASHEVILLE,NC28801     		2018-10-16 100,000 ECOSYSTEM PARTNER GRANT 55,000 NO QUARTERLY REPORTS FROM AWARDING OF GRANT TO COMPLETION    
    MUDDY DOG ROASTINGCOM
          		3000-110 BEARCAT WAY
    MORRISVILLE,NC27560     		2018-08-26 3,815 COMMUNITY ENGAGEMENT 3,815 NO UPON COMPLETION    
    MYBEEHYVE
          		502 BALLAST POINT ROAD
    HAMPSTEAD,NC28443     		2018-07-13 40,000 TECHNOLOGY COMMERCIALIZATION ASSISTANCE/SEED 40,000 NO INTERM AND FINAL REPORTS    
    NASH COMMUNITY COLLEGE
          		PO Box 7488
    ROCKY MOUNT,NC27804     		2019-04-29 5,000 COMMUNITY ENGAGEMENT 5,000 NO UPON COMPLETION    
    NCSU INSTITUTE OF EMERGING ISSUES
          		2701 Sullican Drive Admin III Suit
    RALEIGH,NC27695     		2019-04-29 5,000 COMMUNITY ENGAGEMENT 5,000 NO UPON COMPLETION    
    Neli (fka TIN LIZZEE)
          		143 Charlotte Ave
    Sanford,NC27330     		2019-06-10 20,000 TECHNOLOGY COMMERCIALIZATION ASSISTANCE/SEED 20,000 NO INTERM AND FINAL REPORTS    
    NETWORK FOR ENTREPRENEURS IN WILMINGTON
          		313 W Juniper Ave
    WAKE FOREST,NC27587     		2019-05-17 2,500 COMMUNITY ENGAGEMENT 2,500 NO UPON COMPLETION    
    NEXTGENCENT
          		PO BOX 52463
    DURHAM,NC27717     		2018-09-04 22,240 LEADERSHIP GRANTS 22,240 NO QUARTERLY REPORTS FROM AWARDING OF GRANT TO COMPLETION    
    OPTIMAL SOLAR
          		PO BOX 110401
    DURHAM,NC27709     		2019-05-14 5,060 MICRO GRANT 3,000 NO UPON COMPLETION    
    PATRICIA TABORN MODELING AGENCY
          		PO Box 15009
    Durham,NC27704     		2018-12-11 3,000 COMMUNITY ENGAGEMENT 3,000 NO UPON COMPLETION    
    PHINITE
          		3110 Edwards Mill Rd Ste 300
    Raleigh,NC27701     		2018-12-20 50,000 TECHNOLOGY COMMERCIALIZATION ASSISTANCE/SEED 50,000 NO QUARTERLY REPORTS FROM AWARDING OF GRANT TO COMPLETION    
    POLLYNATION APOTHECARY LLC
          		8520 PROSSER WAY UNIT 205
    CHARLOTTE,NC28216     		2019-05-17 10,000 MICRO GRANT 10,000 NO UPON COMPLETION    
    POSTBIOTIC LABS
          		1203 Aspen Way
    WinstonSalem,NC27106     		2019-05-24 10,000 MICRO GRANT 10,000 NO UPON COMPLETION    
    PRESERVATION DYEHOUSE
          		137 Rosedale Circle
    WinstonSalem,NC27106     		2018-07-27 10,000 MICRO GRANT 10,000 NO UPON COMPLETION    
    PROSPERA
          		145 SCALEYBARK ROAD
    CHARLOTTE,NC28209     		2018-09-14 5,000 COMMUNITY ENGAGEMENT 5,000 NO UPON COMPLETION    
    QUEEN CITY FINTECH
          		222 S Church St
    CHARLOTTE,NC28202     		2018-10-22 3,000 COMMUNITY ENGAGEMENT 3,000 NO UPON COMPLETION    
    QUEENS COLLEGE OF CHARLOTTE
          		1900 SELWYN AVENUE
    CHARLOTTE,NC28274     		2019-03-29 2,500 COMMUNITY ENGAGEMENT 2,500 NO UPON COMPLETION    
    REDIRECTION
          		5215 Stantonsburg Rd
    Greenville,NC27834     		2019-05-28 5,000 COMMUNITY ENGAGEMENT 5,000 NO UPON COMPLETION    
    RENAISSANCE FIBER LLC
          		212 Dixie
    Wilmington,NC28403     		2019-06-14 50,000 TECHNOLOGY COMMERCIALIZATION ASSISTANCE/SEED 16,109 NO QUARTERLY REPORTS FROM AWARDING OF GRANT TO COMPLETION    
    RENT ASSURED
          		PO BOX 1133
    LEWISVILLE,NC27023     		2019-05-17 10,000 MICRO GRANT 10,000 NO UPON COMPLETION    
    RICHCARE DEVELOPMENT LLC
          		241 HALES WOOD ROAD
    CHAPEL HILL,NC27517     		  2,000 LEADERSHIP GRANTS 2,000 NO UPON COMPLETION    
    RJRD ASSOCIATES & CONSULTANTS
          		3030 BLUEBIRD LANE
    MEBANE,NC27302     		  5,000 COMMUNITY ENGAGEMENT 5,000 NO UPON COMPLETION    
    SALESSYNC
          		302 POND BLUFF WAY
    CARY,NC27513     		2019-04-29 50,000 TECHNOLOGY COMMERCIALIZATION ASSISTANCE/SEED 50,000 NO QUARTERLY REPORTS FROM AWARDING OF GRANT TO COMPLETION    
    SiNON THERAPEUTICS
          		2 DAVIS DRIVE
    DURHAM,NC27709     		2018-05-25 50,000 TECHNOLOGY COMMERCIALIZATION ASSISTANCE/SEED 50,000 NO QUARTERLY REPORTS FROM AWARDING OF GRANT TO COMPLETION    
    SMALL BUSINESS CENTER AT WILSON COMMUNIT
          		902 HERRING AVE E
    WILSON,NC27893     		2017-06-01 5,000 COMMUNITY ENGAGEMENT 5,000 NO UPON COMPLETION    
    STARTCHARLOTTE
          		11443 Mangla Dr
    Charlotte,NC28214     		2019-06-18 100,000 ECOSYSTEM PARTNER GRANT & COMMUNITY ENGAGEMENT 55,000 NO QUARTERLY REPORTS FROM AWARDING OF GRANT TO COMPLETION    
    STARTUP HIGH COUNTRY
          		164 S DEPOT STREET
    BOONE,NC28607     		2018-11-09 100,000 ECOSYSTEM PARTNER GRANT 42,500 NO QUARTERLY REPORTS FROM AWARDING OF GRANT TO COMPLETION    
    THE FREELANCE LEAGUE OF NC
          		1407 Woodland Dr
    Durham,NC27701     		2018-11-27 5,000 COMMUNITY ENGAGEMENT 5,000 NO UPON COMPLETION    
    THE HELIUS FOUNDATION
          		2208 Collier Drive
    Durham,NC27707     		2019-01-10 5,000 COMMUNITY ENGAGEMENT 5,000 NO UPON COMPLETION    
    THE NUSSBAUM CENTER FOR ENTREPRENEURSHIP
          		1451 S ELM-EUGENE STREET
    GREENSBORO,NC27406     		2019-01-24 5,000 COMMUNITY ENGAGEMENT 5,000 NO UPON COMPLETION    
    THE TRADESHOW MANAGER
          		1741 Brooks Avenue
    Raleigh,NC27607     		2019-04-15 4,000 COMMUNITY ENGAGEMENT 4,000 NO UPON COMPLETION    
    THOMAS ENTREPRENEUSHIP HUB UNC-PEMBROK
          		1 University Dr
    PEMBROKE,NC28372     		2019-01-17 4,800 COMMUNITY ENGAGEMENT 4,800 NO UPON COMPLETION    
    TRIANGLE-COUNTY COMMUNITY COLLEGE
          		21 CAMPUS CIRCLE
    MURphy,NC28906     		2019-06-26 5,000 COMMUNITY ENGAGEMENT 5,000 NO UPON COMPLETION    
    UNC AT PEMBROKE FOUNDATION
          		PO BOX 1510
    PEMBROKE,NC28372     		2019-06-07 100,000 ECOSYSTEM PARTNER GRANT 62,500 NO QUARTERLY REPORTS FROM AWARDING OF GRANT TO COMPLETION    
    UNC-WILMINGTON
          		601 S COLLEGE ROAD
    WILMINGTON,NC28403     		2018-10-24 40,000 ECOSYSTEM PARTNER GRANT & COMMUNITY ENGAGEMENT 40,000 NO INTERM AND FINAL REPORTS    
    UNIVERSITY OF NORTH CAROLINA AT CHAPEL H
          		104 Airport Drive Suite 2200 CB135
    CHAPEL HILL,NC27599     		2018-12-11 100,000 ECOSYSTEM PARTNER GRANT 40,000 NO INTERM AND FINAL REPORTS    
    VANMILE
          		1443 E 7th Street Suite 202
    Charlotte,NC28204     		2018-12-11 5,060 MICRO GRANT 5,060 NO UPON COMPLETION    
    VENTURE ASHEVILLE
          		36 MONTFORD AVENUE
    ASHEVILLE,NC28801     		2019-03-27 100,000 ECOSYSTEM PARTNER GRANT 50,000 NO QUARTERLY REPORTS FROM AWARDING OF GRANT TO COMPLETION    
    VENTUREPRISE INC
          		9201 UNIVERSITY CITY BLVD
    CHARLOTTE,NC28223     		2017-08-10 75,000 ECOSYSTEM PARTNER GRANT 47,500 NO INTERM AND FINAL REPORTS    
    VITALFLO
          		16 W MARTIN STREET STE 910
    RALEIGH,NC27601     		2018-12-14 50,000 TECHNOLOGY COMMERCIALIZATION ASSISTANCE/SEED 38,000 NO QUARTERLY REPORTS FROM AWARDING OF GRANT TO COMPLETION    
    VIZLA LLC
          		7689 Campbell Crk Ln
    CHARLOTTE,NC28212     		2018-06-04 50,000 TECHNOLOGY COMMERCIALIZATION ASSISTANCE/SEED 45,000 NO INTERM AND FINAL REPORTS    
    WAKE TECHNICAL COMMUNITY COLLEGE
          		6600 LOUISBURG ROAD
    RALEIGH,NC27616     		2019-02-14 5,000 COMMUNITY ENGAGEMENT 5,000 NO UPON COMPLETION    
    WIRELESS RESEARCH CENTER (RIOT)
          		3331 HERITAGE TRADE DRIVE SUITE 10
    WAKE FOREST,NC27587     		2019-01-17 10,000 ECOSYSTEM PARTNER GRANT 10,000 NO UPON COMPLETION    
    WRAL TECHWIRE
          		2619 Western Blvd
    RALEIGH,NC27606     		2018-12-20 5,000 COMMUNITY ENGAGEMENT 5,000 NO UPON COMPLETION    
    YOUNG FOUNDERS INSTITUTE
          		306 W Franklin St Ste F
    CHAPEL HILL,NC27516     		2018-08-23 5,000 COMMUNITY ENGAGEMENT 5,000 NO UPON COMPLETION    

    TY 2018 InvestmentsOtherSchedule2
    Name:
    NC IDEA
    EIN:
    01-0702442
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    IDEA FUND I, LP FMV 1,119,679 1,119,679
    IDEA FUND II, LP FMV 6,908,283 6,908,283
    IDEA FUND III, LP FMV 996,627 996,627
    PIEDMONT VENTURE PSHIP I FMV 1 1
    PIEDMONT VENTURE PSHIP II FMV 1 1
    INVESTMENTS - SEED FUND FMV 2 2
    SOUTHEAST TECHNOLOGY FUND III FMV 0 0
    CAPITAL DYNAMICS CHAMPION FMV    
    VENTURES II,(Q) LP   112,236 112,236
    TIFF MAF FMV 7,645,310 7,645,310
    THE TIFF KEYSTONE FUND, LP FMV 35,361,025 35,361,025
    ELI COMMON STOCK FMV 385,299 385,299
    457B PLAN PORTFOLIO FMV 15,148 15,148

    TY 2018 OtherAssetsSchedule
    Name:
    NC IDEA
    EIN:
    01-0702442
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DEPOSITS 12,653 12,653 12,653
    INTEREST RECEIVABLE 4,126 5,019 5,019
    OTHER RECEIVABLE - SOAR 10,000 10,000 10,000
    OTHER NOTES RECEIVABLE 29,743 14,871 14,871


    TY 2018 OtherDecreasesSchedule
    Name:
    NC IDEA
    EIN:
    01-0702442
    Description Amount
    UNREALIZED GAINS AND LOSSES 32,139


    TY 2018 OtherExpensesSchedule
    Name:
    NC IDEA
    EIN:
    01-0702442
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OPERATING LEASE 88,766     88,766
    OTHER SERVICES 3,213     3,213
    IT SERVICES 12,928     12,928
    TELEPHONE AND INTERNET 4,750     4,750
    DUES AND SUBSCRIPTIONS 25,786     25,786
    OFFICE SUPPLIES 14,129     14,129
    WORKER COMP INSURANCE 3,875     3,875
    PAYROLL FEES 12,973     12,973
    POSTAGE AND SHIPPING 575     575
    TRAINING 17,647     17,647
    BANK SERVICE CHARGES 46     46
    MEALS AND ENTERTAINMENT, GIFTS 31,429     31,429
    INSURANCE 16,249     16,249
    RECRUITING & ADMIN RESOURCES 3,557     3,557
    MARKETING & ADVERTISING 63,343     63,343
    DEPRECIATION 1,651      


    TY 2018 OtherIncomeSchedule2
    Name:
    NC IDEA
    EIN:
    01-0702442
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER PASS-THROUGH INCOME(LOSS) -466,995 -466,995  
    GRANT/LICENSE PROGRAM 3,403    


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    NC IDEA
    EIN:
    01-0702442
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    IDEA FUND PARTNERS MGMT FEE 40,000 16,000   24,000
    MONEY MANAGER FEE 7,538 7,538    
    CONSULTING FEES 56,031     56,031


    TY 2018 TaxesSchedule
    Name:
    NC IDEA
    EIN:
    01-0702442
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAXES 31,000      
    PAYROLL TAXES AND LICENSES 62,223     62,223