Overview
What is Dumac Inc?
Dumac Inc is a supporting organization based in Durham, North Carolina, with an address at 280 S Mangum Street No 210. They work closely with Duke University, providing investment management and related services on a not-for-profit, cost-sharing basis. The primary beneficiaries of these services are Duke University itself, its affiliates, including Duke University Health System, Inc. and the Employees' Retirement Plan of Duke University, and the Duke Endowment, a private foundation. The mission statement of Dumac Inc is outlined in Schedule O.
Is Dumac Inc legitimate?
Dumac Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dumac Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $6,916,674
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Dumac Inc?
Dumac Inc functions as a supporting organization for Duke University. The organization's primary activities revolve around investment management and related services provided on a not-for-profit, cost-sharing basis to Duke University, its affiliates, and the Duke Endowment. The mission of Dumac Inc is geared towards providing essential financial and investment support to these entities. The organization does not have a publicly stated mission beyond its role in financially sustaining Duke University and its affiliates.
Who is the CEO of Dumac Inc?
Neal F Triplett is the Director/President of Dumac Inc.
What is the revenue of Dumac Inc?
Dumac Inc's revenue in 2022 was $28,517,262.
Who are the executives of Dumac Inc and what are their salaries?
- Neal F Triplett (Director/President)
- Vincent E Price (Director)
- Daniel G Ennis (Director)
- Anil Madhok (Treasurer)
- Robert Mcgrail (Secretary)
- Laurene M Sperling (Director)
- Kevin A Baggett Md (Director)
- T Ritson Ferguson Iii (Director)
- Edward A Gilhuly (Director)
- Cynthia L Meyn (Director)
- Thruston Morton (Director)
- Geoffrey S Rehnert (Director)
- James C Zelter (Director)
Where can I find the form 990 for Dumac Inc?
The Dumac Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Mission Statement of Dumac Inc
Dumac Inc, a supporting organization, plays a crucial role in facilitating investment management and related services for Duke University and its affiliated entities on a not-for-profit basis. The organization's mission is centered around providing essential financial support to Duke University, its affiliates, and The Duke Endowment by managing their investments.
Dumac Inc's primary function is to serve as a valued partner to Duke University, its affiliates, and The Duke Endowment. By expertly managing their investments, the organization ensures that these entities receive optimal financial returns. In turn, they can continue their respective missions of providing world-class education, research, and healthcare services. Through this collaborative effort, Dumac Inc contributes significantly to the overall success and growth of these institutions.
Impact
This information is meant to be a general summary of Dumac Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Dumac Inc's impact can be seen in its operation as a supporting organization to Duke University. By providing investment management and related services on a not-for-profit, cost-sharing basis to Duke University, its affiliates, and the Duke Endowment, Dumac Inc plays a crucial role in supporting the financial sustainability and growth of these entities. This support ultimately contributes to the advancement of education and research initiatives at Duke University, benefiting students, faculty, and the broader academic community.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEES
Revenue
$28,252,084
Organization Details
Founding Year
2011
Phone
(919) 668-6829
Principal Officer
Neal F Triplett
Main Address
280 S MANGUM STREET NO 210, DURHAM, NC, 27701
NTEE Category
Code: B19 - Education
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