DURHAM, NC
Nc Idea
Quick Facts
- EIN
- 010702442
- Location
- DURHAM, NC
- Category
- Science & Technology
- Total Assets
- $51.5M
- Annual Income
- $2.3M
- IRS Ruling Year
- 2002
- Organization Type
- Corporation
- Principal Officer
- % Ben Redding
- Tax Deductibility
- Contributions are deductible
About This Foundation
Nc Idea is a private corporation based in DURHAM, NC. The foundation received its IRS ruling in 2002. The principal officer is % Ben Redding. It holds total assets of $51.5M. Annual income is reported at $2.3M. The foundation operates in the area of science & technology. Contributions to this foundation are tax-deductible.
View 990 FilingsFinancial Overview
Total Giving
$6.3M
2022+14%
Total Assets
$52.9M
2022-11%
Fair Market Value
$52.9M
2022
Net Worth
$51.9M
2022
Grants Paid
$3.5M
2022
Contributions
$126K
2022
Net Investment Income
$2.8M
2022
Distribution Amount
$2.6M
2022
Total Giving by Year
$3.8M
18$3.8M
19$5.4M
20$5.6M
21$6.3M
22Asset Growth
$53.6M
18$51M
19$61.7M
20$59.5M
21$52.9M
22Investment Portfolio (2022)
Total: $0
Other Investments: $49.3M
Cash: $2.2M
Other Investments (96%)
Cash (4%)
Expense Breakdown (2022)
Grants Paid$3.5M
Officer Compensation$406K
Legal Fees$115K
Accounting Fees$72K
Travel & Conferences$26K
Revenue Sources (2022)
- Capital Gains (Net)
- $1.8M
- Dividends
- $648K
- Other Income
- $512K
- Contributions
- $126K
- Interest
- $42K
Financial Details (2022)
- Total Revenue
- $3.1M
- Total Expenses
- $6.3M
- Exempt Purpose Expenses
- $5.9M
- Required Distribution
- $2.6M
- Undistributed Income
- $0
- Total Liabilities
- $1M
- Excise Tax
- $39K
Foundation Classification (2022)
Operating FoundationGrants to IndividualsNon-Charity GrantsLobbying ActivityExcess Business Holdings
Grantmaking Insights
Total Grants
50
Total Giving
$2.3M
Average Grant
$45K
Median Grant
$45K
Grant Range
Min$25K
Max$75K
Median: $45K
Smallest grantLargest grant
Geographic Distribution of Grants
AK
ME
VT
NH
WA
ID
MT
ND
MN
WI
MI
NY
MA
CT
RI
OR
NV
WY
SD
IA
IL
IN
OH
PA
NJ
CA
UT
CO
NE
MO
KY
WV
WV: $60K (1)
VA
MD
DE
DC
AZ
NM
KS
AR
TN
NC
NC: $2.2M (49)
SC
OK
LA
MS
AL
GA
FL
HI
TX
NC$2.2M (49)
WV$60K (1)
Past Grantees
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Courtroom5ECOSYSTEM GRANTS | Durham, NC | $75K | 2022 |
| Davos CorporationECOSYSTEM GRANTS | Durham, NC | $75K | 2022 |
| Smart Girls HqECOSYSTEM GRANTS | Charlotte, NC | $75K | 2022 |
| Renaissance Fiber LlcECOSYSTEM GRANTS | Winstonsalem, NC | $75K | 2022 |
| BatteryxchangeECOSYSTEM GRANTS | Huntersville, NC | $75K | 2022 |
| Code The DreamECOSYSTEM GRANTS | Durham, NC | $70K | 2022 |
| Loanwell IncECOSYSTEM GRANTS | Durham, NC | $68K | 2022 |
| Freeman CapitalECOSYSTEM GRANTS | Charlotte, NC | $68K | 2022 |
| Natural Capital Investment FundECOSYSTEM GRANTS | Charles Town, WV | $60K | 2022 |
| RlotECOSYSTEM GRANTS | Wake Forest, NC | $60K | 2022 |
| Mountain Bizcapital Inc Dba Mountain BizworksECOSYSTEM GRANTS | Asheville, NC | $55K | 2022 |
| Crisp Small Business Resource Center At East Carolina UniversityECOSYSTEM GRANTS | Greenville, NC | $51K | 2022 |
| Sani Sisters IncSEED GRANTS | Fayetteville, NC | $50K | 2022 |
| Piedmont PenniesSEED GRANTS | Charlotte, NC | $50K | 2022 |
| Hustle Winston-SalemECOSYSTEM GRANTS | Winstonsalem, NC | $50K | 2022 |
| Flux Hybrids IncSEED GRANTS | Troutman, NC | $50K | 2022 |
| Access Center For Equity SuccessECOSYSTEM GRANTS | Winstonsalem, NC | $50K | 2022 |
| Without A Trace FoodsSEED GRANTS | Raleigh, NC | $50K | 2022 |
| ResolvexSEED GRANTS | Morrisville, NC | $50K | 2022 |
| Snap Pic Fix LlcSEED GRANTS | Durham, NC | $50K | 2022 |
| Clinispan Health IncSEED GRANTS | Charlotte, NC | $50K | 2022 |
| Communities In PartnershipECOSYSTEM GRANTS | Durham, NC | $50K | 2022 |
| Unc Wilmington Center For Innovation And EntrepreneurshipECOSYSTEM GRANTS | Wilmington, NC | $45K | 2022 |
| Shemekka Ebony Llc Dba Black Girl Magic MarketECOSYSTEM GRANTS | Angier, NC | $45K | 2022 |
| Beam Dynamics LlcSEED GRANTS | Winstonsalem, NC | $45K | 2022 |
| Network For Entrepreneurs In WilmingtonECOSYSTEM GRANTS | Wake Forest, NC | $45K | 2022 |
| Acta Solutions LlcSEED GRANTS | Chapel Hill, NC | $41K | 2022 |
| University Of North Carolina At CharlotteECOSYSTEM GRANTS | Charlotte, NC | $40K | 2022 |
| North Carolina Central UniversityECOSYSTEM GRANTS | Durham, NC | $40K | 2022 |
| Green Solutions Group LlcSEED GRANTS | Salisbury, NC | $40K | 2022 |
| Maurer'S Minute MechanicSEED GRANTS | Winterville, NC | $38K | 2022 |
| Winston StartsECOSYSTEM GRANTS | Winston Salem, NC | $38K | 2022 |
| Sg Atkins Community CorpECOSYSTEM GRANTS | Winstonsalem, NC | $38K | 2022 |
| Network For Entrepreneurs In Wilmingtonsummer 2021ECOSYSTEM GRANTS | Wake Forest, NC | $37K | 2022 |
| Startup High CountryECOSYSTEM GRANTS | Boone, NC | $35K | 2022 |
| Provident1898ECOSYSTEM GRANTS | Durham, NC | $34K | 2022 |
| VentureasheboroECOSYSTEM GRANTS | Asheboro, NC | $33K | 2022 |
| Campbell UniversityECOSYSTEM GRANTS | Buies Creek, NC | $30K | 2022 |
| Cabarrus Economic DevelopmentECOSYSTEM GRANTS | Concord, NC | $30K | 2022 |
| Davos CorporationSEED GRANTS | Durham, NC | $30K | 2022 |
| Active DefenderSEED GRANTS | Carthage, NC | $30K | 2022 |
| Sankofa FarmsECOSYSTEM GRANTS | Durham, NC | $30K | 2022 |
| Smart Girls HqSEED GRANTS | Charlotte, NC | $30K | 2022 |
| Nurtured NestSEED GRANTS | Holly Springs, NC | $26K | 2022 |
| Stemz IncSEED GRANTS | Winstonsalem, NC | $26K | 2022 |
| First Flight Venture CenterECOSYSTEM GRANTS | Research Triangle Park, NC | $25K | 2022 |
| Grind LlcECOSYSTEM GRANTS | Asheville, NC | $25K | 2022 |
| Dare Vegan CheeseSEED GRANTS | Asheville, NC | $25K | 2022 |
| ProsperaECOSYSTEM GRANTS | Charlotte, NC | $25K | 2022 |
| Davidson-Davie Community CollegeECOSYSTEM GRANTS | Thomasville, NC | $25K | 2022 |
990-PF Filings
| Tax Period | Return Type | View |
|---|---|---|
| 2023-06 | 990PF | View Filing |
| 2022-06 | 990PF | View Filing |
| 2021-06 | 990PF | View Filing |
| 2018-06 | 990PF | View Filing |
| 2017-06 | 990PF | View Filing |
| 2016-06 | 990PF | View Filing |
Filings sourced from IRS e-file index. View all on ProPublica
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