North Carolina Biotechnology Center
North Carolina Biotechnology Center reported $21.0 million in revenue and $22.4 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $84.10 went to program services, $15.90 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 82.4% of the total. Government grants made up 81.4%. The highest compensation it reported for one person was $446,727 (ASSISTANT SECRETARY). 28 people received more than $100,000 in reportable compensation. Revenue rose 35% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $22MFor context, the median across 192 covered science & technology charities: $84.33 programs, $15.67 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $21MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 84.1% | 83.2% |
| Management & general Part IX 25(C) ÷ 25(A) | 15.9% | 15.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 82.4% | 51.6% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 81.4% | 3.2% |
| Program service revenue share Part VIII 2g ÷ 12 | 15.4% | 19.2% |
| Highest reported compensation Part VII-A, columns D–F | $446,727 | $513,729 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.99% | 1.72% |
| People paid over $100,000 Part VII, line 2 | 28 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 22.3 | 14.7 |
| Independent voting board members Part VI 1a–1b | 39 of 40 | 94.3% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseOur commercialization program combines the science and technology development and the emerging company development programs into one. Science and technology development program is a fundamental program of the North Carolina Biotechnology Center. The goal of this program is to strengthen the state's infrastructure for life science research which is an essential prerequisite for scientific advances leading to new products and applications. To meet this goal, the program provides services and support to state universities, colleges, and nonprofit institutions that contribute to life science…
The economic development program now includes statewide development, ag sector and life science development programs. The agricultural sector development program is a program of the North Carolina Biotechnology Center focused on the largest industry sector in the state - agriculture. The core focus of the program is to support the largest global economic cluster of agriculture biotechnology in its continued growth and contribution. The agriculture biotechnology program fosters a dynamic agriculture community, improves technology and value, and attracts and sustains jobs in agriculture to the…
The sector development program includes the emerging sector development, conference center at nc biotech and life science intelligence programs. The conference center is an event and meeting space solution for numerous life science companies, organizations and educational institutions. It includes meeting and catering services and co-working spaces. In addition to market intelligence, the lsi team is responsible for network security and it support, technical support for the center's website, corporate record retention and historical archives, management of the center's client relationship…
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| ASSISTANT SECRETARY Director/trustee, officer, 40.00 hrs/week | $356,189 | $0 | $90,538 | $446,727 |
| SR. VP, SCIENCE AND BUSINESS Key employee, 40.00 hrs/week | $207,477 | $0 | $58,769 | $266,246 |
| SR. VP, STATEWIDE OPERATIONS Key employee, 40.00 hrs/week | $207,477 | $0 | $58,769 | $266,246 |
| VP, STATEWIDE OPERATIONS Highest compensated employee, 40.00 hrs/week | $169,625 | $0 | $50,410 | $220,035 |
| VP, SCIENCE & TECHONOLGY DEVELOPMENT Highest compensated employee, 40.00 hrs/week | $168,551 | $0 | $50,152 | $218,703 |
| VP, LIFE SCIENCE ECON DEV Highest compensated employee, 40.00 hrs/week | $161,447 | $0 | $47,269 | $208,716 |
| VP, TALENT & CULTURE DEV Highest compensated employee, 40.00 hrs/week | $160,854 | $0 | $47,204 | $208,058 |
| VP, CORPORATE COMMUNICATIONS Highest compensated employee, 40.00 hrs/week | $160,657 | $0 | $47,159 | $207,816 |
28 people received more than $100,000 in reportable compensation from North Carolina Biotechnology Center (Part VII, line 2). Compensation of current officers, directors and key employees totaled $932K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b40 · 39 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 595
- Volunteers Part I, line 639
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| CATERING WORKS INC Catering food services | $313,231 |
| PRACTICAL MANAGEMENT INC Facilities management | $183,853 |
| SKYLINE EXHIBITS & EVENTS (HOLT GROUP) Conference setup services | $172,253 |
| HOPE VALLEY DINER & CATERING Catering food services | $153,011 |
| PROGRESSIVE NETGAIN TECHNOLOGIES It support | $149,234 |
Individuals listed as contractors are left out. 8 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from North Carolina Biotechnology Center's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for North Carolina Biotechnology Center, you can publish a response that is linked from this page.
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Of every $100 North Carolina Biotechnology Center spent in FY2025, $84.10 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Botanical Research Institute of TexasFort Worth, TX · revenue $20M · programs 86.1% · 2025
- New Jersey Innovation InstituteNewark, NJ · revenue $21M · programs 83.1% · FY2025
- Mount Desert Island Biological LaboratorySalisbury Cove, ME · revenue $20M · programs 73.3% · 2024
- Future of Life InstituteNarberth, PA · revenue $21M · programs 91.1% · 2024
- Virginia Tech Applied Research CorporationArlington, VA · revenue $20M · programs 89.1% · FY2025
All science & technology charities · Largest charities in North Carolina
Questions people ask
How much of North Carolina Biotechnology Center's spending goes to programs?
In the fiscal year ending June 30, 2025, North Carolina Biotechnology Center reported that 84.1% of its $22.4 million in expenses went to program services, 15.9% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does North Carolina Biotechnology Center pay its top executive?
The largest total compensation North Carolina Biotechnology Center reported for one person in the fiscal year ending June 30, 2025 was $446,727, for the role of ASSISTANT SECRETARY (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does North Carolina Biotechnology Center get its money?
Of $21.0 million in revenue in the fiscal year ending June 30, 2025, 82.4% came from contributions and grants (including 81.4% from government grants) and 15.4% from program service revenue (Form 990, Part VIII).
Is North Carolina Biotechnology Center a registered charity?
The IRS lists EIN 56-1434024 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202611289349301901 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202521079349301402 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202411249349301101 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202321299349301917 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202241249349302204 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202101309349301015 · read the filing
All filings for EIN 56-1434024: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.