Research Triangle Cleantech Cluster EIN 83-0908715

Research Triangle Cleantech Cluster FY2021 filing

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Accelerates cleantech innovation and adoption in the Research Triangle region and beyond. For fiscal year 2021 it reported $292K in revenue, $239K in expenses, and $396K in net assets.Pt I

Founded
2018
Type
Business league / trade association · Community Development
Location
Carrboro, NC
Website
researchtrianglecleantech.org
Filings
5 on file (2020–2021)
Revenue
$292KFY2021
Expenses
$239K
Net assets
$396K
People
15
Filings
5
Updates
0
More identity details & actions ⌄
EIN  83-0908715 Business league / trade association Carrboro, NC Founded 2018
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Accelerates cleantech innovation and adoption in the Research Triangle region and beyond.
Leadership
Susan Sanford · Executive Director · $97K
Money in and out
$292K revenue, $239K expenses
Bottom line
+18% operating surplus
Membership & operating revenue · FY2021
Total revenue
$292K
Pt VIII · Ln 12
Total expenses
$239K
Pt IX · Ln 25
Net assets
$396K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $53K
Operating surplus
+18%
revenue over expenses
Earned revenue
0.2%
of revenue from program services & dues
Payroll share
79%
of spending is salaries & benefits

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$292K
FY2021▼ -38%
Expenses
$239K
FY2021▼ -30%
Total assets
$398K
FY2021▲ +14%
Total liabilities
$1K
FY2021▼ -82%
Total revenue
$292K
Pt VIII · Ln 12
Total expenses
$239K
Pt IX · Ln 25
Net assets
$396K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$53K
Total assetsPt X · Ln 16$398K
Program-expense ratioPt IX · col B
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410
Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2020.
01

Research triangle cleantech cluster's program of work, developed with its members and partners, seeks to extend and highlight regional strengths, create channels of collaboration and nurture opportunities for history-shaping innovation.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CResearch Triangle Cleantech Cluster
EINHdr · item D83-0908715
Principal addressHdr · item CCarrboro, NC
WebsiteHdr · item Jresearchtrianglecleantech.org
Year of formationHdr · item L2018
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(6) · active
NTEE classificationIRS BMFCommunity Development (S41)
Ruling yearIRS BMFSep 2019

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Director
$96,873Pt VII · Sec A
Executive Director
$68,244Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Deborah Wojcik’s $102K as Executive Dir. is at the 74th percentile of top reported officer pay among 1711 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Deborah Wojick$119,102$133,976
Deborah Wojcik$101,958
Susan Sanford$96,873$95,708
Emmitt Owens$95,222$68,244
Deborah Wojcik$45,833

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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Statement of Revenue

Part VIII
Contributions & grants100%$292K
Program service revenue$475
Total revenueLn 12$292K

Balance Sheet

Part X · end of year
CashLn 1$398K
Total assetsLn 16$398K
Total liabilitiesLn 26$1K
Total net assetsLn 32$396K
Months of cash on handcomputed20.0

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $398K · Operating expenses/yr $239K
20.0 months
Where the money goes
Program services
Program services — · Total expenses $239K
Management & General
Management & general — · Total expenses $239K
Fundraising
Fundraising — · Total expenses $239K
Cost to raise $1
Fundraising expense — · Solicited contributions —
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $292K · Total revenue $292K
100%
Government reliance
Government grants — · Total revenue $292K
Earned-income share
Program service revenue $475 · Total revenue $292K
0.2%
Investment reliance
Investment income $0 · Total revenue $292K
0%
Program self-sufficiency
Program service revenue $475 · Total expenses $239K
0.2%
Growth & trend
Revenue growth (YoY)
This year $292K · Prior year $469K
-38%
Net-asset trend (YoY)
End of year $396K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $292K · Expenses $239K
+18%
Liabilities-to-Assets
Total liabilities — · Total assets $398K
Net-asset ratio
Net assets $396K · Total assets $398K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $398K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Susan Sanford · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $97K · Total expenses $239K
41%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $189K · Total expenses $239K
79%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Fundraising cost ratio 0%
Revenue growth -38%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2023
Nc IdeaFY2023$2K
Total grants receivedfrom 1 funder$2K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$219K revenue · ⤓ 990 PDF
FY2023$293K revenue · ⤓ 990 PDF
FY2022$359K revenue · ⤓ 990 PDF
FY2021$292K revenue · viewing · ⤓ 990 PDF
FY2020$469K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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