Mcnc
85% goes to programs $0 to raise $100 Strong reserves Growing revenue
Mcnc is a 501(c)(3) organization based in R Triangle Park, North Carolina, registered in 1980, with $74,135,271 in FY2024 revenue. CharityIndex grades it A, and it directs about 85% of spending to programs.
3021 E Cornwallis Road Bldg 3, R Triangle Park, NC, 27713 EIN 58-1406628 Since 1980
Revenue (FY2024)
$74.1M
▲ 8.3% vs prior year
Science & Tech median: $288K
Expenses (FY2024)
$66.1M
Net assets
$120.1M
Employees
153
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating85% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Mcnc: 85% to programs · $0 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating22 mo reserves · +11% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Mcnc: 22 mo reserves · +11% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Mcnc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Mcnc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
To provide advanced electronic and information technologies to the nc education community, public health, and government agencies and to benefit economic development in nc.
Contact & location
- Address
- 3021 E Cornwallis Road Bldg 3, R Triangle Park, NC, 27713
- City
- R Triangle Park
- State
- North Carolina
- Category
- Science & Technology
- Subcategory
- Engineering & Technology
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $36.8M (FY2013) to $74.1M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $54.9MNet assets $120.1M
Operating margin
10.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$175.1M
Total liabilities
$54.9M
Net assets
$120.1M
Salaries & benefits
$21.5M
33% of expenses
Board members
13
13 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $74,135,271▲8.3% | $66,051,698▲6.9% | $120,111,789▲7.2% | $175,057,586▲17.0% | 990 |
| 2023 | $68,456,573▲6.4% | $61,769,274▲2.1% | $112,028,216▲6.2% | $149,654,288▼0.6% | 990 |
| 2022 | $64,330,012▲6.9% | $60,483,730▲0.7% | $105,496,536▲3.8% | $150,502,505▼0.9% | 990 |
| 2021 | $60,168,737▲16.6% | $60,050,067▲10.3% | $101,650,256▲0.1% | $151,917,409▲11.5% | 990 |
| 2020 | $51,582,521▲7.4% | $54,420,215▲12.7% | $101,531,586▼2.7% | $136,308,302▼2.5% | 990 |
| 2019 | $48,024,442▲8.2% | $48,273,155▼4.9% | $104,369,280▼2.1% | $139,786,821▲1.6% | 990 |
| 2018 | $44,400,805▼0.8% | $50,737,174▲0.1% | $106,587,451▼5.6% | $137,541,911▼4.9% | 990 |
| 2017 | $44,775,800▼10.7% | $50,671,789▼18.8% | $112,923,820▼5.0% | $144,577,396▼2.2% | 990 |
| 2016 | $50,132,105▲21.8% | $62,379,109▲55.4% | $118,819,809▼9.3% | $147,858,017▼7.2% | 990 |
| 2015 | $41,153,555▲18.9% | $40,149,761▲12.0% | $131,049,076▲1.1% | $159,371,424▲2.7% | 990 |
| 2014 | $34,603,845▼6.0% | $35,846,169▼12.5% | $129,629,019▼0.2% | $155,114,658▲3.6% | 990 |
| 2013 | $36,822,361 | $40,962,209▲40.9% | $129,847,999▼2.2% | $149,772,893▼5.2% | 990 |
| 2012 | — | $29,067,614▲29.0% | $132,806,507▲56.0% | $157,992,132▲32.6% | 990 |
| 2011 | — | $22,528,009▲3.6% | $85,138,199▲236% | $119,166,556▲170% | 990 |
| 2010 | — | $21,737,274▼1.5% | $25,339,960▲211% | $44,068,436▲121% | 990 |
| 2009 | — | $22,078,528 | $8,155,529 | $19,905,279 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Tracy Doaks — $463,333 (0.70% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Tracy Doaks | President, Ceo | 40 | $463,333 |
| Edward Jacobson | Vice President, Coo | 40 | $323,789 |
| Christopher Beal | Vp, Enterprise It & Cybersecurity Initiatives / Ciso | 40 | $266,370 |
| Phillip Emer | Vp, Business Development | 40 | $253,016 |
| Sarah Taylor | Cfo | 40 | $251,940 |
| Matthew Valenzisi | Senior Director, Network Architecture and Management / Chief Network Architect | 40 | $247,834 |
| David Furiness | Senior Director, Cne | 40 | $233,657 |
| John Doyle | Secretary, General Counsel | 40 | $232,095 |
| David Brain | Director, Enterprise It Infrastructure & Cybersecurity | 40 | $201,179 |
| Orlando Suitte | Director, Core Engineering & Network Deployment | 40 | $198,890 |
| Ruth Stafford | Senior Director, Consulting Services | 40 | $197,205 |
| James Nester | Senior Director, Marketing & Client Advocacy | 40 | $196,199 |
| Matthew Kinney | Senior Director, Human Resources | 40 | $191,279 |
| William Parker | Director, Network Operations | 40 | $189,698 |
| Paul Kamen | Senior Manager, Enterprise It Services & Data | 40 | $177,641 |
| Jeremy Rollins | Senior Manager, Outside Plant Engineering and Operations | 40 | $168,164 |
| Shirley Jennings | Assistant Secretary | 40 | $142,996 |
| Ajit Sivadasan | Director | 0.1 | — |
| Charles Maimone | Director | 0.1 | — |
| Dennis Kekas | Director | 0.1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Spectrum Communications | Last Mile Bandwidth Service | $7,443,620 |
| Diversified Utility Group | Fiber Installation/maintenance | $1,089,592 |
| Accenture LLP | Strategic Consulting | $690,000 |
| Globe Communications LLC | Fiber Installation/maintenance | $687,501 |
| Firemon LLC | Cybersecurity Software Subscription | $621,170 |
Grants received · $5.2M total
4 grants to Mcnc totaling $5.2M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| The Golden L E A F Long-term Economic Advancement Foundation In | See part iv | 2023 | $1,099,560 |
| The Golden L E A F Long-term Economic Advancement Foundation In | See part iv | 2022 | $1,382,782 |
| The Golden L E A F Long-term Economic Advancement Foundation In | See part iv | 2018 | $1,327,130 |
| The Golden L E A F Long-term Economic Advancement Foundation In | See part iv | 2016 | $1,368,000 |
Grants made · $1.1M in FY2022
1 grant totaling $1.1M in FY2022. All grants made by Mcnc →
| Recipient | Purpose | Amount |
|---|---|---|
| The Golden L E A F Long-term Economic Advancement Foundation In | To support rural broadband for economic development, education, health care, non-porfits and anchor institutions | $1,099,560 |
Similar organizations in Science & Tech
Science & Tech
North Carolina Biotechnology Center
Durham, NC
$23.1M
Bannual revenue
Science & Tech
International Society of Automation
Durham, NC
$17.2M
Bannual revenue
Science & Tech
Isothermal Planning and Development Corporation
Rutherfordton, NC
$14.6M
Bannual revenue
- Science & Tech
Mcnc Endowment
Research Triangle Park, NC
$6.1M
C+annual revenue
Science & Tech
Wireless Research Center of North Carolina
Wake Forest, NC
$3.7M
Dannual revenue
Science & Tech
Real Estate Standards Organization
Raleigh, NC
$3.3M
Bannual revenue
Science & Tech
International Union of Pure and Applied Chemistry
Durham, NC
$2.6M
Bannual revenue
Science & Tech
The Rna Society
Raleigh, NC
$2.0M
Bannual revenue
Science & Tech
Muddy Sneakers Inc
Raleigh, NC
$1.5M
C+annual revenue
Science & Tech
Pisgah Astronomical Research Institute
Rosman, NC
$728K
Dannual revenue
Compare Mcnc
Frequently asked questions
- Is Mcnc a legitimate nonprofit?
- Yes. Mcnc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 58-1406628, based in R Triangle Park, North Carolina. Donations are tax-deductible.
- What is Mcnc's EIN?
- Mcnc's Employer Identification Number (EIN) is 58-1406628.
- How much revenue does Mcnc report?
- Mcnc reported $74,135,271 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Mcnc's spending goes to programs?
- Mcnc spends about 85% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Mcnc have?
- CharityIndex grades Mcnc A, based on program efficiency and fundraising cost.
- How much does Mcnc's highest-paid employee make?
- The highest reported compensation on Mcnc's latest Form 990 is $463,333, paid to Tracy Doaks (President, Ceo).
Explore more
Data for Mcnc (EIN 58-1406628) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.