Research Triangle Regional Partnership

Not tax-deductible

Raleigh, NC501(c)(6)EIN 56-1720732Revenue $1.2M in FY2025

On file with the IRSresearchtriangle.orgPo Box 10096, 27605-0000 · Raleigh, NCTax-exempt since Jun 1994

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To promote economic development of the Research Triangle region.

Run by 51 volunteers and 12 employees.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

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FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $5K a year · under 1% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Pay to officers and key staff
$210K
to officers and key staff · 18% of spending
Fine: pay to officers and key staff is 18% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 4.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $274K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$166K
27% of total assets
Looks good: liabilities are 27% of assets; 50% or less.
Pt X · Ln 26
Independent board members
53
of 53 voting members
Looks good: 53 of 53 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
-3% vs prior year
Spent
$1.2M
Net assets
$439K
By yearFY2020–FY2025
Revenue
$1.2M
FY2025▼ -3%
Tap a bar for its year
Revenue by fiscal year
FY2020$769K
FY2021$824K
FY2022$1.0M
FY2023$1.1M
FY2024$1.2M
FY2025$1.2M
Expenses
$1.2M
FY2025▲ +0.9%
Tap a bar for its year
Expenses by fiscal year
FY2020$813K
FY2021$870K
FY2022$952K
FY2023$1.1M
FY2024$1.2M
FY2025$1.2M
Net assets
$439K
FY2025▲ +0.8%
Tap a bar for its year
Net assets by fiscal year
FY2020$363K
FY2021$316K
FY2022$399K
FY2023$386K
FY2024$435K
FY2025$439K

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1994.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

54 people listed on the 990; $210K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Director
$210,325Pt VII · Sec A
Past Chair
$0Pt VII · Sec A
Board of Directors
$0Pt VII · Sec A
Past Chairman
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Chair-Elect
$0Pt VII · Sec A
Board of Directors
$0Pt VII · Sec A
Board of Directors
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Ryan Combs$210,325$196,417$186,000$158,578$156,900$153,050

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Promotes economic development and business growth across fourteen North Carolina counties to generate competitive advantages and investment for the Research Triangle region.

Questions for Research Triangle Regional Partnership

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Provided by the organization

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1 program · in their own filed words · FY2024
01

The research triangle regional partnership (RTRP) leads economic development for the research triangle region of north carolina. RTRP works to generate competitive advantage and economic growth for member counties and investors.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Fees for servicesLn 2g$1.1M
Gifts and grantsLn 1h$94K
Investment incomeLn 3$6K
Money outPt IX
$1.2M
Ln 25
Owns and owesPt X
$439K
net assets · Ln 32
Cash and savingsLn 1–2$449K
Total assetsLn 16$604K
LiabilitiesLn 26$166K
PeoplePt VI, VII
54
listed · VII A
PaidVII A1
Voting boardVI 1a53
IndependentVI 1b53
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$94K
Government grantsLn 1e$94K
Fees for servicesLn 2g$1.1M
Investment incomeLn 3$6K
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$241K
SavingsLn 2$208K
Cash and savings togetherLn 1–2$449K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$75K
Total assetsLn 16$604K
LiabilitiesLn 26$166K
Net assetsLn 32$439K
OperationsPt I, VI
EmployeesI 512
VolunteersI 651
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$411K$449K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$619K$604K
LiabilitiesLn 26$184K$166K
Net assetsLn 32$435K$439K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$218K
Other salaries and wagesLn 7$91K
Pension plan contributionsLn 8$4K
Other employee benefitsLn 9$17K
Payroll taxesLn 10$18K
Other fees for servicesLn 11g$43K
Advertising and promotionLn 12$327K
Office expensesLn 13$5K
Information technologyLn 14$18K
OccupancyLn 16$48K
TravelLn 17$811
InterestLn 20$6
Payments to affiliatesLn 21$500
InsuranceLn 23$12K
Other expenses (24a–d)Ln 24$374K
Total functional expensesLn 25$1.2M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.2M$1.2M$3K$439K 990 PDF
FY2024 $1.2M$1.2M$49K$435K 990 PDF
FY2023 $1.1M$1.1M−$13K$386K 990 PDF
FY2022 $1.0M$952K$82K$399K 990 PDF
FY2021 $824K$870K−$46K$316K 990 PDF
FY2020 $769K$813K−$44K$363K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $1,180,851 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $100,000$94,344
I-9 Program service revenuePrior year $1,113,882$1,080,802
I-10 Investment incomePrior year $2,156$5,705
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,216,038$1,180,851
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $428,725$348,912
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $738,260$828,461
I-18 Total expensesPrior year $1,166,985$1,177,373
I-19 Revenue less expensesPrior year $49,053$3,478
Part VI · Governance 53 of 53 board members independent, no flags
VI-1a Voting members of the governing body53
VI-1b Independent voting members53
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,180,851 across 5 lines filed
VIII-1e Government grants$94,344
VIII-1h Total contributions, gifts and grants$94,344
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,080,802$1,080,802
VIII-3 Investment incomeExcluded from tax $5,705$5,705
VIII-12 Total revenueRelated to mission $1,080,802 · Unrelated business $0 · Excluded from tax $5,705$1,180,851
Part IX · Statement of functional expenses $1,177,373 across 15 lines filed
IX-5 Pay of current officers, directors and key staff$218,418
IX-7 Other salaries and wages$91,179
IX-8 Pension plan contributions$3,963
IX-9 Other employee benefits$16,896
IX-10 Payroll taxes$18,456
IX-11g Other fees for services$43,282
IX-12 Advertising and promotion$327,050
IX-13 Office expenses$5,160
IX-14 Information technology$17,883
IX-16 Occupancy$47,757
IX-17 Travel$811
IX-20 Interest$6
IX-21 Payments to affiliates$500
IX-23 Insurance$11,765
IX-24 Other expenses (24a–d)$374,247
IX-25 Total functional expenses$1,177,373
Part X · Balance sheet $604,107 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $208,563$240,883
X-2 Savings and temporary cash investmentsStart of year $202,708$208,413
X-4 Accounts receivableStart of year $84,750$79,875
X-9 Prepaid expenses and deferred chargesStart of year $4,137$405
X-10c Land, buildings and equipment, netStart of year $0$0
X-15 Other assetsStart of year $118,782$74,531
X-16 Total assetsStart of year $618,940$604,107
X-17 Accounts payable and accrued expensesStart of year $39,506$59,030
X-19 Deferred revenueStart of year $25,000$30,656
X-25 Other liabilitiesStart of year $119,321$75,830
X-26 Total liabilitiesStart of year $183,827$165,516
X-27 Net assets without donor restrictionsStart of year $435,113$438,591
X-32 Total net assets or fund balancesStart of year $435,113$438,591
X-33 Total liabilities and net assetsStart of year $618,940$604,107
Part XI · Reconciliation of net assets $438,591 net assets at year end
XI-1 Total revenue$1,180,851
XI-2 Total expenses$1,177,373
XI-3 Revenue less expenses$3,478
XI-4 Net assets at start of year$435,113
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$438,591

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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