-
TIN:
Form
990-PF
Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
Do not enter social security numbers on this form as it may be made public.
Go to
www.irs.gov/Form990PF
for instructions and the latest information.
OMB No. 1545-0052
20
19
Open to Public Inspection
For calendar year 2019, or tax year beginning
07-01-2019
, and ending
06-30-2020
Name of foundation
NC IDEA
Number and street (or P.O. box number if mail is not delivered to street address)
320 BLACKWELL STREET NO 400
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
DURHAM
,
NC
27701
A Employer identification number
01-0702442
B
Telephone number (see instructions)
(919) 941-5600
C
If exemption application is pending, check here
G
Check all that apply:
Initial return
Initial return of a former public charity
Final return
Amended return
Address change
Name change
D 1.
Foreign organizations, check here.............
2
. Foreign organizations meeting the 85%
test, check here and attach computation ...
E
If private foundation status was terminated
under section 507(b)(1)(A), check here .......
H
Check type of organization:
Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust
Other taxable private foundation
F
If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here .......
I
Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)
$
50,993,839
J
Accounting method:
Cash
Accrual
Other (specify)
(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)
1
Contributions, gifts, grants, etc., received (attach schedule)
8,003
2
Check
.............
3
Interest on savings and temporary cash investments
8,453
8,453
4
Dividends and interest from securities
...
424,431
424,431
5a
Gross rents
............
b
Net rental income or (loss)
6a
Net gain or (loss) from sale of assets not on line 10
-1,244,417
b
Gross sales price for all assets on line 6a
1,558,099
7
Capital gain net income (from Part IV, line 2)
...
0
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)
.......
-621,452
-693,667
72,215
12
Total.
Add lines 1 through 11
........
-1,424,982
-260,783
72,215
13
Compensation of officers, directors, trustees, etc.
387,896
0
0
387,896
14
Other employee salaries and wages
......
755,814
0
0
755,814
15
Pension plans, employee benefits
.......
16a
Legal fees (attach schedule)
.........
6,579
0
0
6,579
b
Accounting fees (attach schedule)
.......
68,682
0
0
68,862
c
Other professional fees (attach schedule)
....
155,032
72,787
0
82,245
17
Interest
...............
611
611
0
0
18
Taxes (attach schedule) (see instructions)
...
81,929
0
0
69,929
19
Depreciation (attach schedule) and depletion
...
20
Occupancy
..............
21
Travel, conferences, and meetings
.......
14,022
0
0
14,022
22
Printing and publications
..........
23
Other expenses (attach schedule)
.......
368,314
0
0
362,261
24
Total operating and administrative expenses.
Add lines 13 through 23
..........
1,838,879
73,398
0
1,747,608
25
Contributions, gifts, grants paid
.......
1,998,705
1,998,705
26
Total expenses and disbursements.
Add lines 24 and 25
3,837,584
73,398
0
3,746,313
27
Subtract line 26 from line 12:
a
Excess of revenue over expenses and disbursements
-5,262,566
b
Net investment income
(if negative, enter -0-)
0
c
Adjusted net income
(if negative, enter -0-)
...
72,215
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X
Form
990-PF
(2019)
Form 990-PF (2019)
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
1
Cash—non-interest-bearing
.............
509,410
16,881,609
16,881,609
2
Savings and temporary cash investments
.........
3
Accounts receivable
11,214
Less: allowance for doubtful accounts
498,349
11,214
11,214
4
Pledges receivable
Less: allowance for doubtful accounts
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)
Less: allowance for doubtful accounts
8
Inventories for sale or use
..............
9
Prepaid expenses and deferred charges
..........
22,284
11,176
11,176
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
Less: accumulated depreciation (attach schedule)
12
Investments—mortgage loans
.............
13
Investments—other (attach schedule)
..........
52,543,611
33,692,520
33,692,520
14
Land, buildings, and equipment: basis
14,838
Less: accumulated depreciation (attach schedule)
5,303
11,519
9,535
9,535
15
Other assets (describe
)
42,543
387,785
387,785
16
Total assets
(to be completed by all filers—see the
instructions. Also, see page 1, item I)
53,627,716
50,993,839
50,993,839
17
Accounts payable and accrued expenses
..........
253,202
157,627
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
)
23
Total liabilities
(add lines 17 through 22)
.........
253,202
157,627
Foundations that follow FASB ASC 958, check here
and complete lines 24, 25, 29 and 30.
24
Net assets without donor restrictions
...........
53,374,514
50,836,212
25
Net assets with donor restrictions
............
Foundations that do not follow FASB ASC 958, check here
and complete lines 26 through 30.
26
Capital stock, trust principal, or current funds
........
27
Paid-in or capital surplus, or land, bldg., and equipment fund
28
Retained earnings, accumulated income, endowment, or other funds
29
Total net assets or fund balances
(see instructions)
.....
53,374,514
50,836,212
30
Total liabilities and net assets/fund balances
(see instructions)
.
53,627,716
50,993,839
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 29 (must agree with end-of-year figure reported on prior year’s return)
...............
1
53,374,514
2
Enter amount from Part I, line 27a
.....................
2
-5,262,566
3
Other increases not included in line 2 (itemize)
3
2,724,264
4
Add lines 1, 2, and 3
..........................
4
50,836,212
5
Decreases not included in line 2 (itemize)
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29
.
6
50,836,212
Form
990-PF
(2019)
Form 990-PF (2019)
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
2010-01-01
2020-06-30
b
IDEA FUND II, LP GAIN(LOSS) PASS-THROUGH
P
2020-01-01
2020-06-30
c
IDEA FUND II, LP GAIN(LOSS) PASS-THROUGH
P
2010-01-01
2020-06-30
d
JOYSTICK LABS, LLC GAIN(LOSS) PASS-THROUGH
P
2010-01-01
2020-06-30
e
CAPITAL DYNAMICS CHAMPION VENTURES II LP GAIN(LOSS) PASS-THROUGH
P
2020-01-01
2020-06-30
CAPITAL DYNAMICS CHAMPION VENTURES II LP GAIN(LOSS) PASS-THROUGH
P
2010-01-01
2020-06-30
THE TIFF KEYSTONE FUND GAIN(LOSS) PASS-THROUGH
P
2020-01-01
2020-06-30
THE TIFF KEYSTONE FUND GAIN(LOSS) PASS-THROUGH
P
2010-01-01
2020-06-30
TIFF MAF FUND INVESTMENT ACCOUNT
P
2010-01-01
2019-09-13
TIFF MAF FUND INVESTMENT ACCOUNT
P
2010-01-01
2019-12-13
TIFF MAF FUND INVESTMENT ACCOUNT
P
2010-01-01
2019-12-19
TIFF MAF FUND INVESTMENT ACCOUNT
P
2010-01-01
2020-02-13
HEXTECH
P
2010-01-01
2020-03-30
ZIPTRONIX INC.
P
2010-01-01
2020-06-02
(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
904,215
-904,215
b
548
-548
c
32,667
32,667
d
5,541
-5,541
e
5
5
4,373
-4,373
207,048
207,048
1,257,507
1,257,507
10,808
-10,808
6,540
-6,540
28,673
-28,673
1,841,818
-1,841,818
56,352
56,352
4,520
4,520
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
-904,215
b
-548
c
32,667
d
-5,541
e
5
-4,373
207,048
1,257,507
-10,808
-6,540
-28,673
-1,841,818
56,352
4,520
2
Capital gain net income or (net capital loss)
If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7
2
-1,244,417
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
...................
3
206,505
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?
Yes
No
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))
2018
3,704,964
53,336,974
0.069463
2017
2,668,879
53,829,568
0.049580
2016
2,508,939
50,268,043
0.049911
2015
1,736,459
50,217,553
0.034579
2014
2
Total
of line 1, column (d)
.....................
2
0.203533
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
0.050883
4
Enter the net value of noncharitable-use assets for 2019 from Part X, line 5
......
4
49,199,991
5
Multiply line 4 by line 3
......................
5
2,503,443
6
Enter 1% of net investment income (1% of Part I, line 27b)
...........
6
0
7
Add lines 5 and 6
........................
7
2,503,443
8
Enter qualifying distributions from Part XII, line 4
,.............
8
3,746,313
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
(2019)
Form 990-PF (2019)
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
and enter “N/A" on line 1.
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
0
here
and 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
0
3
Add lines 1 and 2
...........................
3
0
4
Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)
4
0
5
Tax based on investment income.
Subtract line 4 from line 3. If zero or less, enter -0-
.....
5
0
6
Credits/Payments:
a
2019 estimated tax payments and 2018 overpayment credited to 2019
6a
20,013
b
Exempt foreign organizations—tax withheld at source
......
6b
c
Tax paid with application for extension of time to file (Form 8868)
...
6c
0
d
Backup withholding erroneously withheld
...........
6d
0
7
Total credits and payments. Add lines 6a through 6d
..............
7
20,013
8
Enter any
penalty
for underpayment of estimated tax.
Check here
if Form 2220 is attached.
8
0
9
Tax due.
If the total of lines 5 and 8 is more than line 7, enter
amount owed
.......
9
10
Overpayment.
If line 7 is more than the total of lines 5 and 8, enter the
amount overpaid
...
10
20,013
11
Enter the amount of line 10 to be:
Credited to 2020 estimated tax
20,013
Refunded
11
0
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.
$
0
(2)
On foundation managers.
$
0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.
$
0
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)
NC
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 2019 or the taxable year beginning in 2019? 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
(2019)
Form 990-PF (2019)
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
No
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 address
NCIDEA.ORG
14
The books are in care of
BEN REDDING
Telephone no.
(919) 941-5600
Located at
320 BLACKWELL STREET SUITE 400
DURHAM
NC
ZIP+4
27701
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of
Form 1041
—check here
.........
and enter the amount of tax-exempt interest received or accrued during the year
........
15
16
At any time during calendar year 2019, did the foundation have an interest in or a signature or other authority over
Yes
No
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
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?
Yes
No
(2)
Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person?
......................
Yes
No
(3)
Furnish goods, services, or facilities to (or accept them from) a disqualified person?
Yes
No
(4)
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
Yes
No
(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)?
...............
Yes
No
(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.)
.......
Yes
No
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
Organizations relying on a current notice regarding disaster assistance check here
........
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 2019?
.............
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 2019, did the foundation have any undistributed income (lines 6d
and 6e, Part XIII) for tax year(s) beginning before 2019?
.............
Yes
No
If "Yes," list the years
20
,
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.
20
,
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?
......................
Yes
No
b
If "Yes," did it have excess business holdings in 2019 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 2019.)
..................
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 2019?
4b
No
Form
990-PF
(2019)
Form 990-PF (2019)
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))?
Yes
No
(2)
Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive?
.............
Yes
No
(3)
Provide a grant to an individual for travel, study, or other similar purposes?
Yes
No
(4)
Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions
................
Yes
No
(5)
Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals?
.....
Yes
No
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
Organizations relying on a current notice regarding disaster assistance check here
.........
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?
..........
Yes
No
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract?
.....................
Yes
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?
....
6b
No
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?
Yes
No
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?
.................
Yes
No
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
DIRECTOR
0.50
0
0
0
320 BLACKWELL ST STE 400
DURHAM
,
NC
27701
KAREN LEVERT
DIRECTOR
0.50
0
0
0
320 BLACKWELL ST STE 400
DURHAM
,
NC
27701
THOMAS R RUHE
CEO
40.00
342,093
45,803
0
320 BLACKWELL ST STE 400
DURHAM
,
NC
27701
PATTI GILLENWATER
BOARD CHAIR
0.50
0
0
0
320 BLACKWELL ST STE 400
DURHAM
,
NC
27701
PEYTON ANDERSON
DIRECTOR
0.50
0
0
0
320 BLACKWELL ST STE 400
DURHAM
,
NC
27701
GREG BROWN
TREASURER
0.50
0
0
0
320 BLACKWELL ST STE 400
DURHAM
,
NC
27701
DR GARRETT HINSHAW
DIRECTOR
0.50
0
0
0
320 BLACKWELL ST STE 400
DURHAM
,
NC
27701
LINDA HALL
DIRECTOR
0.50
0
0
0
320 BLACKWELL ST STE 400
DURHAM
,
NC
27701
LUKE WALLING
DIRECTOR
0.50
0
0
0
320 BLACKWELL ST STE 400
DURHAM
,
NC
27701
STELFANIE WILLIAMS
SECRETARY
0.50
0
0
0
320 BLACKWELL ST STE 400
DURHAM
,
NC
27701
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
40.00
148,492
31,952
0
POWER PLANT BLDG 320 BLACKWELL ST
STE 400
DURHAM
,
NC
27701
BENJAMIN REDDING
CHIEF FINANCIAL OFFI
40.00
140,788
38,388
0
POWER PLANT BLDG 320 BLACKWELL ST
STE 400
DURHAM
,
NC
27701
AMY BASTIAN
PROGRAM DIRECTOR
40.00
101,923
4,000
0
POWER PLANT BLDG 320 BLACKWELL ST
STE 400
DURHAM
,
NC
27701
ANDREA COOK
MARKETING DIRECTOR
40.00
89,917
15,676
0
POWER PLANT BLDG 320 BLACKWELL ST
STE 400
DURHAM
,
NC
27701
SARAH MIXTER
PROGRAM DIRECTOR
40.00
63,775
17,770
0
POWER PLANT BLDG 320 BLACKWELL ST
STE 400
DURHAM
,
NC
27701
Total
number of other employees paid over $50,000
...................
0
Form
990-PF
(2019)
Form 990-PF (2019)
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
ENTREPRENEURIAL LEARNING INITIATIVE
CONSULTING
128,510
8600 TYLER BLVD PO BOX 986
MENTOR
,
OH
44061
Total
number of others receiving over $50,000 for professional services
.............
0
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
2
All other program-related investments. See instructions.
3
Total.
Add lines 1 through 3
.........................
0
Form
990-PF
(2019)
Form 990-PF (2019)
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
1,477,658
b
Average of monthly cash balances
.......................
1b
5,449,015
c
Fair market value of all other assets (see instructions)
................
1c
43,022,556
d
Total
(add lines 1a, b, and c)
.........................
1d
49,949,229
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation)
.............
1e
0
2
Acquisition indebtedness applicable to line 1 assets
..................
2
0
3
Subtract line 2 from line 1d
.........................
3
49,949,229
4
Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
instructions)
.............................
4
749,238
5
Net value of noncharitable-use assets.
Subtract line 4 from line 3. Enter here and on Part V, line 4
5
49,199,991
6
Minimum investment return.
Enter 5% of line 5
..................
6
2,460,000
Part XI
Distributable Amount
(see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here
and do not complete this part.)
1
Minimum investment return from Part X, line 6
....................
1
2,460,000
2a
Tax on investment income for 2019 from Part VI, line 5
......
2a
b
Income tax for 2019. (This does not include the tax from Part VI.)
...
2b
c
Add lines 2a and 2b
............................
2c
0
3
Distributable amount before adjustments. Subtract line 2c from line 1
............
3
2,460,000
4
Recoveries of amounts treated as qualifying distributions
................
4
0
5
Add lines 3 and 4
............................
5
2,460,000
6
Deduction from distributable amount (see instructions)
.................
6
0
7
Distributable amount
as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1
...
7
2,460,000
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
3,746,313
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
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)
....................
3a
b
Cash distribution test (attach the required schedule)
.................
3b
4
Qualifying distributions.
Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
4
3,746,313
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
0
6
Adjusted qualifying distributions.
Subtract line 5 from line 4
..............
6
3,746,313
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
(2019)
Form 990-PF (2019)
Page
9
Part XIII
Undistributed Income
(see instructions)
(a)
Corpus
(b)
Years prior to 2018
(c)
2018
(d)
2019
1
Distributable amount for 2019 from Part XI, line 7
2,460,000
2
Undistributed income, if any, as of the end of 2019:
a
Enter amount for 2018 only
.......
0
b
Total for prior years:
20
,
20
,
20
0
3
Excess distributions carryover, if any, to 2019:
a
From 2014
......
b
From 2015
......
c
From 2016
......
d
From 2017
......
e
From 2018
......
345,055
f
Total
of lines 3a through e
........
345,055
4
Qualifying distributions for 2019 from Part
XII, line 4:
$
3,746,313
a
Applied to 2018, but not more than line 2a
0
b
Applied to undistributed income of prior years
(Election required—see instructions)
.....
0
c
Treated as distributions out of corpus (Election
required—see instructions)
........
0
d
Applied to 2019 distributable amount
.....
2,460,000
e
Remaining amount distributed out of corpus
1,286,313
5
Excess distributions carryover applied to 2019.
0
0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6
Enter the net total of each column as
indicated below:
a
Corpus. Add lines 3f, 4c, and 4e. Subtract line 5
1,631,368
b
Prior years’ undistributed income. Subtract
line 4b from line 2b
..........
0
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
......
0
d
Subtract line 6c from line 6b. Taxable amount
—see instructions
...........
0
e
Undistributed income for 2018. Subtract line
4a from line 2a. Taxable amount—see
instructions
.............
0
f
Undistributed income for 2019. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2020
..........
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)
.......
0
8
Excess distributions carryover from 2014 not
applied on line 5 or line 7 (see instructions)
...
0
9
Excess distributions carryover to 2020.
Subtract lines 7 and 8 from line 6a
......
1,631,368
10
Analysis of line 9:
a
Excess from 2015
....
b
Excess from 2016
....
c
Excess from 2017
....
d
Excess from 2018
....
345,055
e
Excess from 2019
....
1,286,313
Form
990-PF
(2019)
Form 990-PF (2019)
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 2019, enter the date of the ruling
.......
b
Check box to indicate whether the organization is a private operating foundation described in section
4942(j)(3)
or
4942(j)(5)
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)
2019
(b)
2018
(c)
2017
(d)
2016
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.)
1
Information Regarding Foundation Managers:
a
List 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).)
b
List 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.
2
Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here
if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
a
The 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
,
NC
27701
(919) 941-5600
b
The form in which applications should be submitted and information and materials they should include:
SEE ATTACHED STATEMENTS
c
Any submission deadlines:
SEE ATTACHED STATEMENTS
d
Any restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
SEE ATTACHED STATEMENTS
Form
990-PF
(2019)
Form 990-PF (2019)
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)
a
Paid during the year
ADVANCED HYDROGEN TECHNOLOGIES CORPORATION
700 12TH ST DR NW
HICKORY
,
NC
28601
NONE
NOT CLASSIFIED
SEED GRANTS
50,000
ARPIO
412 CLINGSTONE CT
CARY
,
NC
27519
NONE
NOT CLASSIFIED
SEED GRANTS
20,000
BEAR FIBER INC
1959 NORTH PEACE HAVEN ROAD 176
WINSTONSALEM
,
NC
27106
NONE
NOT CLASSIFIED
SEED GRANTS
5,000
COURTROOM5
2608 ERWIN ROAD STE 148 113
DURHAM
,
NC
27705
NONE
NOT CLASSIFIED
SEED GRANTS
5,000
DEVIL'S FOOT BEVERAGE
70 WEAVERVILLE RD
ASHEVILLE
,
NC
28804
NONE
NOT CLASSIFIED
SEED GRANTS
22,500
ELECTRONIC LAB LOGS
8263 BRAYS DR
WILMINGTON
,
NC
28411
NONE
NOT CLASSIFIED
SEED GRANTS
18,000
FEEDSTATION
321 WEST ROSEMARY STREET
CHAPEL HILL
,
NC
27516
NONE
NOT CLASSIFIED
SEED GRANTS
30,000
GOKART KIDS
725 TRANSOM VIEW WAY
CARY
,
NC
27519
NONE
NOT CLASSIFIED
SEED GRANTS
25,000
GOODROADS LLC
4214 WATERBURY DR
CHARLOTTE
,
NC
28209
NONE
NOT CLASSIFIED
SEED GRANTS
45,000
GREEN STREAM TECHNOLOGIES INC
3331 HERITAGE TRADE DRIVE SUITE 101
WAKE FOREST
,
NC
27587
NONE
NOT CLASSIFIED
SEED GRANTS
40,500
HOME LENDING PAL
1806 S ALSTON AVE
DURHAM
,
NC
27707
NONE
NOT CLASSIFIED
SEED GRANTS
20,000
MUUKLABS INC
400 W NORTH ST APT 1500
RALEIGH
,
NC
27603
NONE
NOT CLASSIFIED
SEED GRANTS
50,000
NATRX INC
4809 HARGROVE RD SUITE 121
RALEIGH
,
NC
27609
NONE
NOT CLASSIFIED
SEED GRANTS
19,225
NELI (FKA TIN LIZZEE)
143 CHARLOTTE AVE
SANDFORD
,
NC
27330
NONE
NOT CLASSIFIED
SEED GRANTS
30,000
PIP & GROW LLC
329 CATAWBA AVE
DAVIDSON
,
NC
28036
NONE
NOT CLASSIFIED
SEED GRANTS
42,750
PROTOPIA
PO BOX 1861
CARY
,
NC
27512
NONE
NOT CLASSIFIED
SEED GRANTS
50,000
RENAISSANCE FIBER LLC
212 DIXIE AVE
WILMINGTON
,
NC
28403
NONE
NOT CLASSIFIED
SEED GRANTS
33,891
SERVEHUB (FKA CHURCHLEARN)
530 LONNIE HENSON RD
VILAS
,
NC
28692
NONE
NOT CLASSIFIED
SEED GRANTS
28,000
SHYFTAUTO
709 EMERALD PARK DRIVE
WINTERVILLE
,
NC
28590
NONE
NOT CLASSIFIED
SEED GRANTS
20,000
UNBOX THE DRESS (GRACEFUL IDEAS LLC)
630 DEERFIELD DR SW
NORTH CANTON
,
OH
44720
NONE
NOT CLASSIFIED
SEED GRANTS
23,250
BUNKER LABS
800 PARK OFFICES DRIVE
DURHAM
,
NC
27701
NONE
NOT CLASSIFIED
ECOSYSTEM GRANTS
7,500
CAROLINA SMALL BUSINESS DEVELOPMENT FUND'S EASTERN WOMEN'S ENTREPRENEURSHIP
3128 HIGHWOOD BLVD SUITE 170
RALEIGH
,
NC
27604
NONE
NOT CLASSIFIED
ECOSYSTEM GRANTS
30,000
CATAWBA VALLEY COMMUNITY COLLEGE
2550 HIGHWAY 70 SE
HICKORY
,
NC
28602
NONE
NOT CLASSIFIED
ECOSYSTEM GRANTS
25,000
CENTER FOR CREATIVE ECONOMY
450 DESIGN AVE
WINSTONSALEM
,
NC
27101
NONE
NOT CLASSIFIED
ECOSYSTEM GRANTS
50,000
CO-ACTIVE CAPITAL LLC
933 LOUSIE AVE STE 101 F
CHARLOTTE
,
NC
28204
NONE
NOT CLASSIFIED
ECOSYSTEM GRANTS
25,000
CODE THE DREAM
201 W MAIN ST STE 100 PMB003
DURHAM
,
NC
27701
NONE
NOT CLASSIFIED
ECOSYSTEM GRANTS
60,000
EAST CAROLINA UNIVERSITY
OFFICE OF RESEARCH ADMIN 2200 S
CHARLES BLVD
GREENVILLE
,
NC
27858
NONE
NOT CLASSIFIED
ECOSYSTEM GRANTS
90,000
EAST CAROLINA UNIVERSITY
OFFICE OF RESEARCH ADMIN 2200 S
CHARLES BLVD
GREENVILLE
,
NC
27858
NONE
NOT CLASSIFIED
ECOSYSTEM GRANTS
22,000
INNOVATE CHARLOTTE
933 LOUISE AVENUE 101A
CHARLOTTE
,
NC
28204
NONE
NOT CLASSIFIED
ECOSYSTEM GRANTS
20,000
LAUNCHUNCG
ROOM 1613 MHRA BUILDING
GREENSBORO
,
NC
27402
NONE
NOT CLASSIFIED
ECOSYSTEM GRANTS
29,484
MOUNTAIN BIZWORKS
153 S LEXINGTON AVE
ASHEVILLE
,
NC
28801
NONE
NOT CLASSIFIED
ECOSYSTEM GRANTS
35,000
NC GROWTH (UNC CHAPEL HILL)
104 AIRPORT DRIVE SUITE 2200 CB
1350
CHAPEL HILL
,
NC
27599
NONE
NOT CLASSIFIED
ECOSYSTEM GRANTS
77,500
PIEDMONT FOOD PROCESSING CENTER INC
500 VALLEY FORGE RD
HILLSBOROUGH
,
NC
27278
NONE
NOT CLASSIFIED
ECOSYSTEM GRANTS
30,000
THREAD CAPITAL
4021 CARYA DRIVE
RALEIGH
,
NC
27610
NONE
NOT CLASSIFIED
ECOSYSTEM GRANTS
30,000
UNC WILMINGTON
S COLLEGE ROAD
WILMINGTON
,
NC
28403
NONE
NOT CLASSIFIED
ECOSYSTEM GRANTS
65,000
UNIVERSITY OF NC AT PEMBROKE FOUNDATION
PO BOX 1510
PEMBROKE
,
NC
28372
NONE
NOT CLASSIFIED
ECOSYSTEM GRANTS
57,500
VENTURE CAFE
486 PATTERSON AVENUE SUITE 271
WINSTONSALEM
,
NC
27101
NONE
NOT CLASSIFIED
ECOSYSTEM GRANTS
30,000
VENTUREPRISE INC
9201 UNIVERSITY CITY BLVD
CHARLOTTE
,
NC
28223
NONE
NOT CLASSIFIED
ECOSYSTEM GRANTS
50,000
WIRELESS RESEARCH CENTER OF NC
3331 HERITAGE TRADE DRIVE SUITE 101
WAKE FOREST
,
NC
27587
NONE
NOT CLASSIFIED
ECOSYSTEM GRANTS
25,000
AMIA WORKS
1400 BATTGROUND AVE SUTIE 210E
GREENSBORO
,
NC
27408
NONE
NOT CLASSIFIED
ENGAGE GRANTS
3,500
ASPIRE CAREER FOUNDATIONS LLC
306 W FRANKLIN ST SUITE F
CHAPEL HILL
,
NC
27516
NONE
NOT CLASSIFIED
ENGAGE GRANTS
5,000
AUDACITY LABS
112 BROADWAY STREET SUITE B
DURHAM
,
NC
27701
NONE
NOT CLASSIFIED
ENGAGE GRANTS
5,000
BLACK BUSINESS EXPO USA INC
103 SOUTH ELM STREET
DURHAM
,
NC
27701
NONE
NOT CLASSIFIED
ENGAGE GRANTS
5,000
BLACK GIRL MAGIC MARKET
1904 GENERATION DRIVE UNIT G
RALEIGH
,
NC
27612
NONE
NOT CLASSIFIED
ENGAGE GRANTS
4,400
BOUNDLESS IMPACT
3125 KATHLEEN AVE SUITE 109
GREENSBORO
,
NC
27408
NONE
NOT CLASSIFIED
ENGAGE GRANTS
5,000
CABARRUS ECONOMIC DEVELOPMENT
3003 DALE EARNHARDT BLVD
KANNAPOLIS
,
NC
28083
NONE
NOT CLASSIFIED
ENGAGE GRANTS
5,000
CARMEN CAUTHEN
703 LATTA STREET
RALEIGH
,
NC
27607
NONE
NOT CLASSIFIED
ENGAGE GRANTS
1,796
CENTRAL CAROLINA COMM COLL SMALL BUS CENT
1105 KELLY DRIVE
SANFORD
,
NC
27330
NONE
NOT CLASSIFIED
ENGAGE GRANTS
5,000
CITY OF ASHEVILLE
PO BOX 7148
ASHEVILLE
,
NC
28802
NONE
NOT CLASSIFIED
ENGAGE GRANTS
3,500
CITY STARTUP LABS
9319 ROBERT D SNYDER RD 204D
CHARLOTTE
,
NC
28223
NONE
NOT CLASSIFIED
ENGAGE GRANTS
10,000
CLEVELAND COMMUNITY COLLEGE FOUNDATION
137 SOUTH POST ROAD
SHELBY
,
NC
28152
NONE
NOT CLASSIFIED
ENGAGE GRANTS
5,000
CO-ACTIVE CAPITAL LLC
933 LOUSIE AVE STE 101 F
CHARLOTTE
,
NC
28204
NONE
NOT CLASSIFIED
ENGAGE GRANTS
5,000
COLLECTIVE HUSTLE
2307 DOUBLE OAKS ROAD
CHARLOTTE
,
NC
28206
NONE
NOT CLASSIFIED
ENGAGE GRANTS
5,000
CORPORATION FOR ENTREPRENEURSHIP AND INNO
104F FORSYTH WCU
CULLOWHEE
,
NC
28723
NONE
NOT CLASSIFIED
ENGAGE GRANTS
5,000
CREATE
104 AIRPORT DRIVE SUITE 2200
CHAPEL HILL
,
NC
27599
NONE
NOT CLASSIFIED
ENGAGE GRANTS
11,000
DAVIDSON COUNTY COMMUNITY COLLEGE
PO BOX 1287
LEXINGTON
,
NC
27293
NONE
NOT CLASSIFIED
ENGAGE GRANTS
5,000
DISCOVERY CHARTER SCHOOL
PO BOX 72117
DURHAM
,
NC
27722
NONE
NOT CLASSIFIED
ENGAGE GRANTS
3,653
DOTTIE ROSE FOUNDATION
5220 BUCKINGHAM DR
CHARLOTTE
,
NC
28209
NONE
NOT CLASSIFIED
ENGAGE GRANTS
5,000
ELIZABETH CITY AREA CHAMBER OF COMMERCE
502 E EHRINGHAUS ST
ELIZABETH CITY
,
NC
27909
NONE
NOT CLASSIFIED
ENGAGE GRANTS
2,500
FIRST FLIGHT VENTURE CENTER
2 DAVIS DRIVE
DURHAM
,
NC
27709
NONE
NOT CLASSIFIED
ENGAGE GRANTS
5,000
HUSTLE WINSTON-SALEM
450 DESIGN AVE
WINSTONSALEM
,
NC
27101
NONE
NOT CLASSIFIED
ENGAGE GRANTS
5,000
KNOX ST STUDIOS
1307 W KNOX ST
DURHAM
,
NC
27705
NONE
NOT CLASSIFIED
ENGAGE GRANTS
10,000
LAUNCH INC
306 W FRANKLIN STREET SUITE F
CHAPEL HILL
,
NC
27516
NONE
NOT CLASSIFIED
ENGAGE GRANTS
3,500
LIFE DESIGN INSTITUTE LLC
8008 WINDSOR WAY
ELON
,
NC
27244
NONE
NOT CLASSIFIED
ENGAGE GRANTS
1,928
MILES TECHNOLOGY SOLUTIONS LLC
1776 STATESVILLE AVENUE
CHARLOTTE
,
NC
28210
NONE
NOT CLASSIFIED
ENGAGE GRANTS
5,000
NCSU - INSTITUTE OF EMERGING ISSUES
2701 SULLIVAN DR ADMIN III STE 240
RALEIGH
,
NC
27695
NONE
NOT CLASSIFIED
ENGAGE GRANTS
5,000
NETWORK FOR ENTREPRENEURS IN WILMINGTON
313 W JUNIPER AVE
WAKE FOREST
,
NC
27587
NONE
NOT CLASSIFIED
ENGAGE GRANTS
5,000
NORTH CAROLINA BIOTECHNOLOGY CENTER
15 TW ALEXANDER DR
RTP
,
NC
27709
NONE
NOT CLASSIFIED
ENGAGE GRANTS
5,000
NUSSBAUM CENTER FOR ENTREPRENEURSHIP
1450 S ELM EUGENE ST BOX 35
GREENSBORO
,
NC
27406
NONE
NOT CLASSIFIED
ENGAGE GRANTS
5,000
PIEDMONT FOOD PROCESSING CENTER INC
500 VALLEY FORGE RD
HILLSBOROUGH
,
NC
27278
NONE
NOT CLASSIFIED
ENGAGE GRANTS
5,000
PITCHBREAKFAST INC
1819 MOUNTAIN TRAIL DR
CHARLOTTE
,
NC
28214
NONE
NOT CLASSIFIED
ENGAGE GRANTS
5,000
QUEEN CITY FINTECH
222 SOUTH CHURCH STREET
CHARLOTTE
,
NC
28202
NONE
NOT CLASSIFIED
ENGAGE GRANTS
5,000
QUEENS UNIVERSITY OF CHARLOTTE
ENTREPRENEURIAL LEADERSHIP CIRCLE
1900 SELWYN AVENUE
CHARLOTTE
,
NC
28274
NONE
NOT CLASSIFIED
ENGAGE GRANTS
2,500
RJRD ASSOCIATES & CONSULTANTS LLC
236 N MEBANE STREET STE 260
BURLINGTON
,
NC
27217
NONE
NOT CLASSIFIED
ENGAGE GRANTS
5,000
RTP AGBIO & AGTECH MEETUP
566 SUN FOREST WAY
CHAPEL HILL
,
NC
27517
NONE
NOT CLASSIFIED
ENGAGE GRANTS
350
SEQUOYAH FUND
810 ACQUONI RD PO BOX 1200
CHEROKEE
,
NC
28719
NONE
NOT CLASSIFIED
ENGAGE GRANTS
5,000
TECHWORKS GASTON
52A ERVIN ST
BELMONT
,
NC
28012
NONE
NOT CLASSIFIED
ENGAGE GRANTS
5,000
VANCE GRANVILLE COMMUNITY COLLEGE
200 COMMUNITY COLLEGE ROAD
HENDERSON
,
NC
27537
NONE
NOT CLASSIFIED
ENGAGE GRANTS
5,000
VENTURE FOR AMERICA
307 7TH AVE 1201
NEW YORK
,
NY
10001
NONE
NOT CLASSIFIED
ENGAGE GRANTS
15,000
WARREN COUNTY ECONOMIC DEVELOPMENT
602 W RIDGEWAY ST
WARRENTON
,
NC
27589
NONE
NOT CLASSIFIED
ENGAGE GRANTS
5,000
WILKES COMMUNITY COLLEGE
1328 S COLLEGIATE DR
WILKESBORO
,
NC
28697
NONE
NOT CLASSIFIED
ENGAGE GRANTS
5,000
WIRELESS RESEARCH CENTER OF NC
3331 HERITAGE TRADE DRIVE SUITE 101
WAKE FOREST
,
NC
27587
NONE
NOT CLASSIFIED
ENGAGE GRANTS
5,000
WOMEN IN BIO - RTP CHAPTER
PO BOX 31493
SEA ISLAND
,
GA
31561
NONE
NOT CLASSIFIED
ENGAGE GRANTS
2,000
WOMEN'S BUSINESS CENTER OF NC
114 WEST PARRISH STREET 6TH FLOOR
DURHAM
,
NC
27701
NONE
NOT CLASSIFIED
ENGAGE GRANTS
5,000
ALAMANCE COUNTY PUBLIC LIBRARIES
342 S SPRING ST
BURLINGTON
,
NC
27215
NONE
NOT CLASSIFIED
ICE HOUSE GRANTS
645
BRASWELL MEMORIAL LIBRARY
727 N GRACE STREET
ROCKY MOUNT
,
NC
27804
NONE
NOT CLASSIFIED
ICE HOUSE GRANTS
31
CALDWELL COUNTY PUBLIC LIBRARY
120 HOSPITAL AVENUE
LENOIR
,
NC
28645
NONE
NOT CLASSIFIED
ICE HOUSE GRANTS
1,346
CHARLOTTE MECKLENBURG LIBRARY
310 N TRYON ST
CHARLOTTE
,
NC
28202
NONE
NOT CLASSIFIED
ICE HOUSE GRANTS
633
CHATHAM COMMUNITY LIBRARY
197 NC-87
PITTSBORO
,
NC
27312
NONE
NOT CLASSIFIED
ICE HOUSE GRANTS
592
DURHAM COUNTY LIBRARY
300 N ROXBORO ST
DURHAM
,
NC
27704
NONE
NOT CLASSIFIED
ICE HOUSE GRANTS
489
ENTREPRENEURIAL LEARNING INITIATIVE
8600 TYLER BLVD PO BOX 986
MENTOR
,
OH
44061
NONE
NOT CLASSIFIED
ICE HOUSE GRANTS
100,386
GASTON COUNTY PUBLIC LIBRARY
1555 EAST GARRISON BLVD
GASTONIA
,
NC
28054
NONE
NOT CLASSIFIED
ICE HOUSE GRANTS
726
NEUSE REGIONAL PUBLIC LIBRARY
510 N QUEEN ST
KINSTON
,
NC
28501
NONE
NOT CLASSIFIED
ICE HOUSE GRANTS
133
ONSLOW COUNTY PUBLIC LIBRARY
58 DORIS AVE
JACKSONVILLE
,
NC
28540
NONE
NOT CLASSIFIED
ICE HOUSE GRANTS
546
ORANGE COUNTY PUBLIC LIBRARY
317 W MARGARET LANE
HILLSBOROUGH
,
NC
27278
NONE
NOT CLASSIFIED
ICE HOUSE GRANTS
692
ROCKINGHAM COUNTY PUBLIC LIBRARY
527 BOONE BLVD
EDEN
,
NC
27288
NONE
NOT CLASSIFIED
ICE HOUSE GRANTS
569
SOUTHERN PINES PUBLIC LIBRARY
170 W CONNECTICUT AVE
SOUTHERN PINES
,
NC
28387
NONE
NOT CLASSIFIED
ICE HOUSE GRANTS
548
TRANSYLVANIA COUNTY LIBRARY
212 S GASTON ST
BREVARD
,
NC
28712
NONE
NOT CLASSIFIED
ICE HOUSE GRANTS
794
WAYNE COUNTY PUBLIC LIBRARY
1001 E ASH STREET
GOLDSBORO
,
NC
27530
NONE
NOT CLASSIFIED
ICE HOUSE GRANTS
77
3 SPARK DESIGN
8818 MULL ROAD
VALE
,
NC
28168
NONE
NOT CLASSIFIED
MICRO GRANTS
10,000
AIRLIE WEDEMEYER
867 CANNONSGATE DR
NEWPORT
,
NC
28570
NONE
NOT CLASSIFIED
MICRO GRANTS
10,000
ASTRAHIVE
500 W FIFTH ST
WINSTONSALEM
,
NC
27101
NONE
NOT CLASSIFIED
MICRO GRANTS
10,000
AUTHORLOYALTY
9400 BELMONT LANE
WAXHAW
,
NC
28173
NONE
NOT CLASSIFIED
MICRO GRANTS
10,000
AVALO
1501 HOLLYWOOD ST
DURHAM
,
NC
27701
NONE
NOT CLASSIFIED
MICRO GRANTS
10,000
BLUE SPATIAL CORP
1 HAYWOOD ST 4TH FLOOR
ASHEVILLE
,
NC
28801
NONE
NOT CLASSIFIED
MICRO GRANTS
10,000
DOUBLE 20 GAMES
4708 HALEYTREE COURT
RALEIGH
,
NC
27606
NONE
NOT CLASSIFIED
MICRO GRANTS
10,000
ELEVATE
455 SALEM VISTA CT
WINSTONSALEM
,
NC
27101
NONE
NOT CLASSIFIED
MICRO GRANTS
10,000
FISHINGLICENSEUS
3400 FRONTGATE DR 8
GREENVILLE
,
NC
27834
NONE
NOT CLASSIFIED
MICRO GRANTS
10,000
FIXERSISTERS
3908 STURBRIDGE DR
DURHAM
,
NC
27713
NONE
NOT CLASSIFIED
MICRO GRANTS
10,000
FRESHSPIRE
1028 OBERLIN RD
RALEIGH
,
NC
27605
NONE
NOT CLASSIFIED
MICRO GRANTS
10,000
KINFO LLC
715 DOCK ST
WILMINGTON
,
NC
28401
NONE
NOT CLASSIFIED
MICRO GRANTS
10,000
KINLY LLC
310 S HARRINGTON STREET
RALEIGH
,
NC
27603
NONE
NOT CLASSIFIED
MICRO GRANTS
10,000
LIGHT AND CHARGE SOLUTIONS LLC
49ER FOUNDRY PORTAL BUILDING SUITE
202A
CHARLOTTE
,
NC
28223
NONE
NOT CLASSIFIED
MICRO GRANTS
10,000
LITTLE HOUSE SURF
11316 HONEYCUTT ROAD
RALEIGH
,
NC
27614
NONE
NOT CLASSIFIED
MICRO GRANTS
10,000
MYKARE
5209 TALLOWTREE DR
RALEIGH
,
NC
27613
NONE
NOT CLASSIFIED
MICRO GRANTS
10,000
NAUTILUS MATERIALS
812 MARBLE ST SE
CONCORD
,
NC
28025
NONE
NOT CLASSIFIED
MICRO GRANTS
10,000
NURV FIT
5309 WAYNE ST UNIT B
RALEIGH
,
NC
27606
NONE
NOT CLASSIFIED
MICRO GRANTS
10,000
OSPRAYHYGIENE LLC
602 PIEDMONT CROSSING DR
HIGH POINT
,
NC
27707
NONE
NOT CLASSIFIED
MICRO GRANTS
10,000
PAPER MULCH LLC
310 S HARRINGTON STREET
RALEIGH
,
NC
27603
NONE
NOT CLASSIFIED
MICRO GRANTS
10,000
PROTECT3D INC
701 W MAIN ST CHESTERFIELD BLDG RO
SUITE 410
DURHAM
,
NC
27701
NONE
NOT CLASSIFIED
MICRO GRANTS
10,000
PURESKILLGG
516D RIVER HIGHWAY STE 358
MOORESVILLE
,
NC
28117
NONE
NOT CLASSIFIED
MICRO GRANTS
10,000
QUARTERSPROUTLLC
2521 AZALEA DR
DURHAM
,
NC
27703
NONE
NOT CLASSIFIED
MICRO GRANTS
10,000
REBUNDLE
309 CEMETERY ST APT D
CHARLOTTE
,
NC
28216
NONE
NOT CLASSIFIED
MICRO GRANTS
10,000
RETHINK LEDGERS
7332 SUMMERLIN PL
CHARLOTTE
,
NC
28226
NONE
NOT CLASSIFIED
MICRO GRANTS
10,000
SMART GIRLS HQ LLC
13313 EASTFIELD VILLAGE LN
CHARLOTTE
,
NC
28269
NONE
NOT CLASSIFIED
MICRO GRANTS
10,000
STEMZ INC
710 MILLER STREET
WINSTON SALEM
,
NC
27103
NONE
NOT CLASSIFIED
MICRO GRANTS
10,000
SURVEI
21 SOUTH FRONT STREET
WILMINGTON
,
NC
28401
NONE
NOT CLASSIFIED
MICRO GRANTS
10,000
VENGA LLC
201 W MAIN ST
DURHAM
,
NC
27701
NONE
NOT CLASSIFIED
MICRO GRANTS
10,000
VENTURING LIFESTYLE DESIGNS
2448 SAPPHIRE VALLEY DR
RALEIGH
,
NC
27604
NONE
NOT CLASSIFIED
MICRO GRANTS
10,000
WEEKLY LLC
201 WEST MAIN STREET
DURHAM
,
NC
27701
NONE
NOT CLASSIFIED
MICRO GRANTS
10,000
KEPLER & WILDE LLC
6335 BOYKIN SPANIEL RD
CHARLOTTE
,
NC
28277
NONE
NOT CLASSIFIED
LEAD GRANTS
8,300
NEXTGEN CENTER LLC
PO BOX 52463
DURHAM
,
NC
27717
NONE
NOT CLASSIFIED
LEAD GRANTS
9,362
RICHCARE DEVELOPMENT LLC
241 HALES WOOD ROAD
CHAPEL HILL
,
NC
27517
NONE
NOT CLASSIFIED
LEAD GRANTS
1,000
MUDDY DOG ROASTINGCOM
3000 110 BEARCAT WAY
MORRISVILLE
,
NC
27560
NONE
NOT CLASSIFIED
ENGAGE GRANTS
2,760
GREATER RALEIGH CHAMBER OF COMMERCE
800 S SALISBURY STREET
RALEIGH
,
NC
27601
NONE
NOT CLASSIFIED
ENGAGE GRANTS
5,000
BETTERON
201 WEST MAIN STREET 108
DURHAM
,
NC
27701
NONE
NOT CLASSIFIED
LEAD GRANTS
4,800
COMPETE AGENCY
115 AWESOME STREET
CARY
,
NC
27511
NONE
NOT CLASSIFIED
LEAD GRANTS
2,000
VERDONIK AND JONESINNOVATE CAPITAL LAW
4242 SIX FORKS ROAD SUITE 1550
RALEIGH
,
NC
27609
NONE
NOT CLASSIFIED
MICRO GRANTS
2,000
UNKNOWN ORGANIZATION - AJE ON GL
320 BLACKWELL STREET STE 400
DURHAM
,
NC
27701
NONE
NOT CLASSIFIED
MICRO GRANTS
10,000
VIZLA LLC
7689 CAMPBELL CREEK LN
CHARLOTTE
,
NC
28212
NONE
NOT CLASSIFIED
SEED GRANTS
5,000
RETURN OF FUNDS
320 BLACKWELL STREET STE 400
DURHAM
,
NC
27701
NONE
NOT CLASSIFIED
RETURN OF FUNDS
-32,451
Total
.................................
3a
1,998,705
b
Approved for future payment
Total
.................................
3b
0
Form
990-PF
(2019)
Form 990-PF (2019)
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.)
1
Program service revenue:
(a)
Business code
(b)
Amount
(c)
Exclusion code
(d)
Amount
a
GRANT & LICENSE PROGRAM
03
72,215
b
c
d
e
f
g
Fees and contracts from government agencies
2
Membership dues and assessments
....
3
Interest on savings and temporary cash
investments
...........
14
8,453
4
Dividends and interest from securities
....
14
424,431
5
Net rental income or (loss) from real estate:
a
Debt-financed property
......
b
Not debt-financed property
.....
6
Net rental income or (loss) from personal property
7
Other investment income
.....
8
Gain or (loss) from sales of assets other than
inventory
............
525990
-12,445
18
-1,244,417
9
Net income or (loss) from special events:
10
Gross profit or (loss) from sales of inventory
11
Other revenue:
a
OTHER PASS-THROUGH INCOME(LOSS)
525990
-28,836
14
-664,831
0
b
c
d
e
12
Subtotal. Add columns (b), (d), and (e)
..
-41,281
-1,476,364
72,215
13
Total.
Add line 12, columns (b), (d), and (e)
..................
13
-1,445,430
(See worksheet in line 13 instructions to verify calculations.)
Part XVI-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
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.)
1
REVENUES GENERATED TO OPERATE GRANT PROGRAMS
Form
990-PF
(2019)
Form 990-PF (2019)
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?
...........
Yes
No
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.
May the IRS discuss this return
with the preparer shown below
(see instr.)
Yes
No
Signature of officer or trustee
Date
Title
Paid Preparer Use Only
Print/Type preparer's name
Preparer's Signature
Date
Check if self-
employed
PTIN
Firm's name
Firm's EIN
Firm's address
Phone no.
Form
990-PF
(2019)
Additional Data
Software ID:
Software Version:
Form 990PF - Special Condition Description:
Special Condition Description