Public Charity

NORTH CAROLINA BIOTECHNOLOGY CENTER

NORTH CAROLINA BIOTECHNOLOGY CENTER is a nonprofit organization categorized as Public Charity based in DURHAM, NC. Its most recent IRS filing (2025) reports revenue of $21.0M, expenses of $22.4M, total assets of $42.2M. Imperigo tracks 9 reported grant relationships connected to this organization totaling approximately $167K.

EIN: 561434024 DURHAM, NC Biological & Life Sciences NTEE: U50 Latest filing: 2025
Total Revenue$21.0M
Total Expenses$22.4M
Total Assets$42.2M
Grant Records9
Funding Total$167K
Filing Years2021–2025

Mission

THE NORTH CAROLINA BIOTECHNOLOGY CENTER AIDS THE BIOTECHNOLOGY-RELATED EFFORTS OF RESEARCHERS, BUSINESSES, STATE AND FEDERAL GOVERNMENTS, AND OTHER AGENCIES PRIMARILY THROUGH AWARDS OF GRANTS AND LOANS RELATED TO SPECIFIC PROGRAMS AND OTHER SERVICES TO GROW [OR ADVANCE] THE INDUSTRY IN NORTH CAROLINA.

Where $100 goes at North Carolina Biotechnology Center

How North Carolina Biotechnology Center divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.

$84 Programs the work itself
$16 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $84 for programs

$40
Our commercialization program combines the science and technology development and the emerging company development programs into one
47% of program spending
$25
The economic development program now includes statewide development, ag sector and life science development programs
30% of program spending
$19
The sector development program includes the emerging sector development, conference center at nc biotech and life science intelligence programs
23% of program spending

Plus 1 more program. Cost per person served and the full program breakdown are on the full profile.

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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

DIRECTOR Adam Monroe
DIRECTOR Arthur Pappas
DIRECTOR Aswani Volety
DIRECTOR Benjamin Yerxa
DIRECTOR Ben Teague
DIRECTOR Bhaskar Venepalli

Officer compensation and complete director data available with membership.

Top Grant Purposes

Research & Policy
$121,279 3 grants
General Support
$17,500 2 grants
Education
$15,500 3 grants
Fundraising & Sponsorship
$12,500 1 grant

Financial Trends

Year Revenue Expenses Assets
2025 $21.0M $22.4M $42.2M
2024 $23.1M $24.0M $44.0M
2023 $21.9M $18.5M $44.1M
2022 $19.9M $16.4M $40.6M
2021 $16.6M $16.5M $36.4M

Between 2021 and 2025, reported annual revenue grew from $16.6M to $21.0M (+27%), with total assets most recently reported at $42.2M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for NORTH CAROLINA BIOTECHNOLOGY CENTER

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