DAVID H MURDOCK RESEARCH INSTITUTE: Form 990, tax year 2009
View the entire original 990 at ProPublica ↗
- Organization
- DAVID H MURDOCK RESEARCH INSTITUTE (EIN 20-8730759)
- Tax period
- 2009-07-01 to 2010-06-30
- Filed
- 2011-01-14
- IRS object ID
- 201140149349300304
- Schema version
- 2009v1.4
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-01-14T10:23:43-06:00 | Timestamp |
| Tax Period End Date | 2010-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Potter & Company PA | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 434 Copperfield Blvd NE Ste A | AddressLine1 |
| City | Concord | City |
| State | NC | State |
| ZIP Code | 28025 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2009-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 208730759 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DAVID H MURDOCK RESEARCH INSTITUTE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | DAVI | NameControl |
| Phone | 7042502600 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 150 RESEARCH CAMPUS DR | AddressLine1 |
| City | KANNAPOLIS | City |
| State | NC | State |
| ZIP Code | 28081 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | MICHAEL A LUTHER PHD MBA | Name |
| Title | PRESIDENT | Title |
| Phone | 7042502600 | Phone |
| Date Signed | 2011-01-14 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Samuel M Leder CPA | Name |
| Phone | 7047868189 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2009 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | MICHAEL A LUTHER PHD | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 150 RESEARCH CAMPUS DRIVE | AddressLine1 |
| City | KANNAPOLIS | City |
| State | NC | State |
| ZIP Code | 28081 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 21180969 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.DHMRI.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 2007 | YearFormation |
| State Legal Domicile | NC | StateLegalDomicile |
| Activity Or Mission Description | The Institute operates to support and benefit Duke University and the University of NC at the NC Research Campus in Kannapolis, NC. It was formed to further the charitable and educational purposes (primarily research and development) of these supported organizations at the Campus. The Institute's primary activities are: a) to acquire, own and operate an approximately 104,927 square foot core laboratory facility to promote research and development that will support advances in human nutrition, human health, agricultural crops, systems and growing processes and the production of healthful foods and other scientific research; b) to assist the Supported Organizations; and c) to perform scientific research (including process development research) in support of one or more of the Supported Organizations. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 9 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 9 | NbrIndependentVotingMembers |
| Total Nbr Employees | 34 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 51799322 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 20073662 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 61061 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 881655 | ProgramServiceRevenueCY |
| Investment Income Current Year | 4395 | InvestmentIncomeCurrentYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 51860383 | TotalRevenuePriorYear |
| Total Revenue Current Year | 20959712 | TotalRevenueCurrentYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 1372615 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 2828040 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 7530352 | OtherExpensePriorYear |
| Other Expenses Current Year | 14536712 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 8902967 | TotalExpensesPriorYear |
| Total Expenses Current Year | 17364752 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 42957416 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 3594960 | RevenuesLessExpensesCY |
| Total Assets BOY | 105173363 | TotalAssetsBOY |
| Total Assets EOY | 98153947 | TotalAssetsEOY |
| Total Liabilities BOY | 14811682 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 4197306 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 90361681 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 93956641 | NetAssetsOrFundBalancesEOY |
| Mission Description | TO SUPPORT AND SUSTAIN BREAKTHROUGH RESEARCH. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 11116907 | Expense |
| Revenue | 886050 | Revenue |
| Description | TO SUPPORT AND SUSTAIN BREAKTHROUGH RESEARCH REGARDING HUMAN NUTRITION, AGRICULTURAL SYSTEMS, AND THE DEVELOPMENT AND RAPID TRANSFER OF NEW TECHNOLOGIES AND DISCOVERIES RELATED TO THESE RESEARCH AREAS | Description |
| Total Program Service Expense | 11116907 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Balance Sheet Amounts Reported | 1 | BalanceSheetAmountsReported |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 1 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 18 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 34 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Nbr Voting Governing Body Members | 9 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 9 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 1 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 0 | WhistleblowerPolicy |
| Document Retention Policy | 0 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JENNI ALFARO | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 7042502600 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 150 RESEARCH CAMPUS DR | AddressLine1 |
| City | KANNAPOLIS | City |
| State | NC | State |
| ZIP Code | 28081 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (13 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| DAVID H MURDOCK | ||||||||
| DIRECTOR AND CHAIRMAN OF | 4.00 | X | X | 0 | 0 | 0 | ||
| ROBERT M CALIFF MD | ||||||||
| DIRECTOR | 4.00 | X | 0 | 0 | 0 | |||
| ANDREW CONRAD PHD | ||||||||
| DIRECTOR | 4.00 | X | 0 | 0 | 0 | |||
| VICTOR J DZAU MD | ||||||||
| DIRECTOR AND SECRETARY | 4.00 | X | X | 0 | 0 | 0 | ||
| STEVEN LEATH PHD | ||||||||
| DIRECTOR | 4.00 | X | 0 | 0 | 0 | |||
| STEVEN A LOMMEL PHD | ||||||||
| DIRECTOR | 4.00 | X | 0 | 0 | 0 | |||
| TONY G WALDROP PHD | ||||||||
| DIRECTOR AND TREASURER | 4.00 | X | X | 0 | 0 | 0 | ||
| R SANDERS WILLIAMS MD | ||||||||
| DIRECTOR | 4.00 | X | 0 | 0 | 0 | |||
| MICHAEL A LUTHER PHD | ||||||||
| PRESIDENT | 40.00 | 242799 | 0 | 63148 | X | X | ||
| STEVE COLMAN | ||||||||
| CHIEF OPERATING OFFICER | 40.00 | 183394 | 0 | 5502 | X | X | ||
| LISTON COLEMAN COX | ||||||||
| SR. MANAGER OF TECHNICAL | 40.00 | 103558 | 0 | 1553 | X | |||
| Valerie L RISCH | ||||||||
| DIRECTOR-TECHNOLOGY & IN | 40.00 | 121250 | 0 | 2550 | X | |||
| MARK HENRY BURKE | ||||||||
| DIRECTOR OF INFORMATICS | 40.00 | 141519 | 0 | 2123 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 792520 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 74876 | TotalOtherCompensation |
| Number Individuals GT100 K | 5 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (3 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| TURNER CONSTRUCTION | |||||
| 5955 CARNEGIE BLVD SUITE 300 | CHARLOTTE | NC | 28027 | CONSTRUCTION | 9000000 |
| MCCRACKEN & LOPEZ PA | |||||
| 2151 HAWKINS STREET SUITE 500 | CHARLOTTE | NC | 28203 | ENGINEERS | 126581 |
| DAVID J GESSNER | |||||
| 150 RESEARCH CAMPUS DRIVE | KANNAPOLIS | NC | 28081 | CONSULTANT | 110506 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 3 | NumberOfContractorsGT100K |
| All Other Contributions | 20073662 | AllOtherContributions |
| Noncash Contributions | 1113787 | NoncashContributions |
| Total Contributions | 20073662 | TotalContributions |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | LAB REVENUE | Description |
| Business Code | 541700 | BusinessCode |
| Total Revenue Column | 881655 | TotalRevenueColumn |
| Related Or Exempt Function Income | 881655 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 881655 | TotalProgramServiceRevenue |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 225652 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 221257 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 4395 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 4395 | TotalRevenueColumn |
| Related Or Exempt Function Income | 4395 | RelatedOrExemptFunctionIncome |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 20959712 | TotalRevenueColumn |
| Related Or Exempt Function Income | 886050 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 494843 | Total |
| Management And General | 494843 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1899921 | Total |
| Program Services | 822891 | ProgramServices |
| Management And General | 1077030 | ManagementAndGeneral |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 55855 | Total |
| Program Services | 19311 | ProgramServices |
| Management And General | 36544 | ManagementAndGeneral |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 205626 | Total |
| Program Services | 73066 | ProgramServices |
| Management And General | 132560 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 171795 | Total |
| Program Services | 68061 | ProgramServices |
| Management And General | 103734 | ManagementAndGeneral |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 208950 | Total |
| Program Services | 208950 | ProgramServices |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 77124 | Total |
| Program Services | 2500 | ProgramServices |
| Management And General | 74624 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 72546 | Total |
| Management And General | 72546 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1292638 | Total |
| Program Services | 653056 | ProgramServices |
| Management And General | 639582 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 26539 | Total |
| Program Services | 5986 | ProgramServices |
| Management And General | 20553 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 36918 | Total |
| Program Services | 17725 | ProgramServices |
| Management And General | 19193 | ManagementAndGeneral |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 90582 | Total |
| Program Services | 57665 | ProgramServices |
| Management And General | 32917 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 24760 | Total |
| Program Services | 5411 | ProgramServices |
| Management And General | 19349 | ManagementAndGeneral |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2950 | Total |
| Program Services | 1560 | ProgramServices |
| Management And General | 1390 | ManagementAndGeneral |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 70365 | Total |
| Program Services | 57089 | ProgramServices |
| Management And General | 13276 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8051263 | Total |
| Program Services | 5371894 | ProgramServices |
| Management And General | 2679369 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 99099 | Total |
| Program Services | 77282 | ProgramServices |
| Management And General | 21817 | ManagementAndGeneral |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| LAB OPERATING COSTS AND | 1555060 | 1397550 | 157510 |
| EQUIPMENT SERVICE CONTR | 1443868 | 1237617 | 206251 |
| BUILDING OPERATING COST | 991203 | 729033 | 262170 |
| NON-CAPITALIZED EQUIPME | 67527 | 31082 | 36445 |
| CONTRIBUTIONS | 667 | 0 | 667 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 424653 | Total |
| Program Services | 279178 | ProgramServices |
| Management And General | 145475 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 17364752 | Total |
| Program Services | 11116907 | ProgramServices |
| Management And General | 6247845 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1055240 | BOY |
| EOY | 703368 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1437586 | BOY |
| EOY | 566786 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1495073 | BOY |
| EOY | 1563211 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 106048119 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 10727537 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 101185464 | BOY |
| EOY | 95320582 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 105173363 | BOY |
| EOY | 98153947 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13780210 | BOY |
| EOY | 3497610 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1031472 | BOY |
| EOY | 699696 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14811682 | BOY |
| EOY | 4197306 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 90361681 | BOY |
| EOY | 93956641 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 90361681 | BOY |
| EOY | 93956641 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 105173363 | BOY |
| EOY | 98153947 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supporting Organization509a3 | X | SupportingOrganization509a3 |
| Supporting Org509a3 Type1 | X | SupportingOrg509a3Type1 |
| Written IRS Determination | X | WrittenIRSDetermination |
| Contrib By Controlling Individual | 0 | ContribByControllingIndividual |
| Contribution By Related Party | 0 | ContributionByRelatedParty |
| Contrib By35 Controlled Entity | 0 | ContribBy35ControlledEntity |
Supported Org Information SupportedOrgInformation (2 entries)
| EINEIN | Type Of OrganizationTypeOfOrganization | Listed In Governing DocListedInGoverningDoc | Supported Organization NotifiedSupportedOrganizationNotified | Organized In USOrganizedInUS | AmountAmount |
|---|---|---|---|---|---|
| DUKE UNIVERSITY | |||||
| 560532129 | 6 | 1 | 0 | 1 | $0 |
| UNIVERSITY OF NORTH CAROLINA | |||||
| 566172047 | 6 | 1 | 0 | 1 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Number Of Supported Orgs | 2 | TotalNumberOfSupportedOrgs |
| Sum Of Amounts | 0 | SumOfAmounts |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 923175 | OtherCostOrOtherBasis |
| Book Value | 923175 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 74262088 | OtherCostOrOtherBasis |
| Depreciation | 3152143 | Depreciation |
| Book Value | 71109945 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 30202627 | OtherCostOrOtherBasis |
| Depreciation | 7474666 | Depreciation |
| Book Value | 22727961 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 660229 | OtherCostOrOtherBasis |
| Depreciation | 100728 | Depreciation |
| Book Value | 559501 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 95320582 | TotalOfBookValueLandBuildings |
| Total Revenue | 20959712 | TotalRevenue |
| Total Expenses | 17364752 | TotalExpenses |
| Excess Or Deficit For Year | 3594960 | ExcessOrDeficitForYear |
| Total Adjustments | 0 | TotalAdjustments |
| Excess Or Deficit Per FS | 3594960 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 20959712 | TotRevenueEtcAuditedFinclStmt |
| Revenue Not Rptd F990 | 0 | RevenueNotRptdF990 |
| Revenue Subtotal | 20959712 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 20959712 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 17364752 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 17364752 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 17364752 | TotalExpensesPerForm990 |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Written Employment Contract | X | WrittenEmploymentContract |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (5 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MICHAEL A LUTHER PHD MBA | |||||||||||||
| 242799 | 0 | 0 | 0 | 0 | 0 | 7784 | 0 | 55364 | 0 | 305947 | 0 | 0 | 0 |
| STEVE COLMAN | |||||||||||||
| 171394 | 0 | 12000 | 0 | 0 | 0 | 5502 | 0 | 0 | 0 | 188896 | 0 | 170865 | 0 |
| LISTON COLEMAN COX | |||||||||||||
| 98558 | 0 | 5000 | 0 | 0 | 0 | 1553 | 0 | 0 | 0 | 105111 | 0 | 0 | 0 |
| Valerie L RISCH | |||||||||||||
| 121250 | 0 | 0 | 0 | 0 | 0 | 2550 | 0 | 0 | 0 | 123800 | 0 | 0 | 0 |
| MARK HENRY BURKE | |||||||||||||
| 134019 | 0 | 7500 | 0 | 0 | 0 | 2123 | 0 | 0 | 0 | 143642 | 0 | 0 | 0 |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DAVID H MURDOCK INSTITUTE FOR BUSINESS AND CULTURE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | DAVID H. MURDOCK SERVES AS A DIRECTOR FOR BOTH ORGANIZATIONS | Relationship |
| Amount Of Transaction | 20059177 | AmountOfTransaction |
| Description Of Transaction | DONATED EQUIPMENT AND CASH GRANT | DescriptionOfTransaction |
| Sharing Of Revenues | 0 | SharingOfRevenues |
Schedule M IRS990ScheduleM
Other Non Cash Contributions Table OtherNonCashContributionsTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Description | EQUIPMENT | Description |
| Number Of Contributions | 2 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 1113787 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FAIR MARKET VALUE OF EQUIPMENT | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| Form 990, Part VI, Section A, line 2 | DR. ROBERT CALIFF, DR. VICTOR DZAU AND DR. SANDERS WILLIAMS ARE DIRECTORS OF THE ORGANIZATION AND ARE EMPLOYEES OF DUKE UNIVERSITY (A SUPPORTED ORGANIZATION OF THE INSTITUTE), WHICH HAS DESIGNATED THEM AS DIRECTORS OF THE ORGANIZATION PURSUANT TO THE BYLAWS OF THE ORGANIZATION. DR. STEVEN LEATH, DR. STEVEN LOMMEL AND DR. TONY WALDROP ARE DIRECTORS OF THE ORGANIZATION AND ARE EMPLOYEES OF THE UNIVERSITY OF NORTH CAROLINA(A SUPPORTED ORGANIZATION OF THE INSTITUTE) OR A CONSTITUENT INSTITUTION OF THE UNIVERSITY OF NORTH CAROLINA. THE UNIVERSITY OF NORTH CAROLINA HAS DESIGNATED THEM AS DIRECTORS OF THE ORGANIZATION PURSUANT TO THE BYLAWS OF THE ORGANIZATION. DR. ANDREW CONRAD, A DIRECTOR OF THE ORGANIZATION, IS ALSO A DIRECTOR OF CASTLE & COOKE, INC. AND DOLE FOOD COMPANY, INC. AND IS CHIEF SCIENTIFIC OFFICER OF CCNC, THE PARENT COMPANY OF CASTLE & COOKE - NCRC PROPERTIES 1, LLC. THESE ENTITIES ARE INDIRECTLY WHOLLY OWNED BY DAVID H. MURDOCK, WHO IS ALSO A DIRECTOR OF THE ORGANIZATION. DR. CONRAD AND DAVID H. MURDOCK ARE ALSO INVOLVED IN VARIOUS OTHER BUSINESS RELATIONSHIPS AND INVESTMENTS. DAVID H. MURDOCK HAS DESIGNATED HIMSELF AND DR. CONRAD AS DIRECTORS OF THE ORGANIZATION PURSUANT TO THE BYLAWS OF THE ORGANIZATION. | |
| Form 990, Part VI, Section B, line 11 | A DRAFT COPY OF THE 990 RETURN WAS PRESENTED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW AND APPROVAL. | |
| Form 990, Part VI, Section B, line 12c | THE ORGANIZATION MONITORS AND ENFORCES COMPLIANCE WHEN APPARENT CONFLICT ARISES ON A CASE BY CASE BASIS. | |
| Form 990, Part VI, Section B, line 15 | THE COMPENSATION OF THE CEO WAS REVIEWED AND APPROVED BY THE BOARD. OTHER SALARIES ARE APPROVED BY THE PRESIDENT AND HUMAN RESOURCES. | |
| Form 990, Part VI, Section C, line 19 | THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC INSPECTION AT THE ORGANIZATION'S OFFICE UPON REQUEST. ORGANIZATION'S STAFF ARE AVAILABLE TO PROVIDE SUPERVISION AND ANSWER ANY QUESTIONS THE INQUIRING PARTY MAY HAVE. | |
| FORM 990, PART XI, LINE 2C | NO CHANGE IN OVERSIGHT PROCESS FROM PRIOR YEAR | AUDIT COMMITTEE OVERSIGHT |