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Nanoelectronics Research Corporation

Nerc
  • Durham, NC
  • Tax-exempt since Jan. 2008
  • EIN: 20-2698055

Organization summary

Organization summary might be incomplete or out of date

This organization is not listed in the IRS's most recent list of tax exempt organizations, but we have data associated with this Employer Identification Number.

Type of Nonprofit

Designated as a Business leagues, chambers of commerce, real estate boards, etc, created for the improvement of business conditions.

Category: Community Improvement, Capacity Building / Promotion of Business (NTEE)

Details

According to its Dec. 2019 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$13k (2019)

Expenses
$1.13M (2019)

Total Assets
$0 (2019)

Total Liabilities
$0 (2019)

Source: Form 990 tax filings from 2011 to 2019

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$13,025
Expenses
$1,132,772
Net Income
-$1,119,747
Net Assets
$0
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $13,025
100%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $44,476
3.9%
Professional Fundraising Fees $0
Other Salaries and Wages $52,064
4.6%
Assets/Debt
Total Assets $0
Total Liabilities $0
Net Assets $0
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
An Chen (Program Director) $27,870 $152,130 $0
Mr Kenneth Hansen (President & Ceo) $7,296 $649,184 $82,265
Karen Di Spigna (Chief Accounting Officer) $5,742 $161,666 $77,389

Document Links

990
Filed on Nov. 3, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,386
Expenses
$1,483,511
Net Income
-$1,477,125
Net Assets
$1,416,169
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $6,386
100%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $51,966
3.5%
Professional Fundraising Fees $0
Other Salaries and Wages $59,562
4.0%
Assets/Debt
Total Assets $3,329,932
Total Liabilities $1,913,763
Net Assets $1,416,169
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
An Chen (Program Director) $36,609 $127,303 $0
Mr Kenneth Hansen (President & Ceo) $6,579 $596,992 $79,409
Karen Di Spigna (Chief Accounting Officer) $5,402 $152,111 $73,171

Document Links

990
Filed on Nov. 6, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,627,328
Expenses
$8,286,098
Net Income
-$3,658,770
Net Assets
$2,893,294
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,614,863
99.7%
Program Services $0
Investment Income $12,465
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $297,437
3.6%
Professional Fundraising Fees $0
Other Salaries and Wages $700,312
8.5%
Assets/Debt
Total Assets $6,825,170
Total Liabilities $3,931,876
Net Assets $2,893,294
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
An Chen (Program Director) $180,000 $0 $0
Mr Kenneth Hansen (President & Ceo) $92,299 $550,001 $79,512
Clark Mcfadden (Board Secretary) $16,582 $0 $0
Dr Celia Merzbacher (Excecutive Vice President) $8,956 $87,041 $12,538
Dr Steven Hillenius (Executive Vice President) $3,244 $215,989 $23,101
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Document Links

990
Filed on Aug. 17, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,352,279
Expenses
$7,690,459
Net Income
$661,820
Net Assets
$6,552,064
Notable Sources of Revenue Percent of Total Revenue
Contributions $8,339,910
99.9%
Program Services $0
Investment Income $12,369
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $245,690
3.2%
Professional Fundraising Fees $0
Other Salaries and Wages $745,135
9.7%
Assets/Debt
Total Assets $10,433,598
Total Liabilities $3,881,534
Net Assets $6,552,064
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
An Chen (Program Director) $135,000 $0 $0
Mr Kenneth Hansen (Chairman) $35,391 $437,751 $134,680
Clark Mcfadden (Board Secretary) $21,373 $0 $0
Dr Celia Merzbacher (Board Member) $12,966 $220,658 $79,200
Dr Steven Hillenius (Board Member) $2,099 $285,484 $104,680
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Document Links

990
Filed on July 24, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,245,631
Expenses
$6,776,477
Net Income
$1,469,154
Net Assets
$5,890,244
Notable Sources of Revenue Percent of Total Revenue
Contributions $8,233,157
99.8%
Program Services $0
Investment Income $12,474
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $255,295
3.8%
Professional Fundraising Fees $0
Other Salaries and Wages $543,856
8.0%
Assets/Debt
Total Assets $9,174,939
Total Liabilities $3,284,695
Net Assets $5,890,244
Compensation
Key Employees and Officers Compensation Related Other
Thomas Theis (Program Director) $180,000 $0 $0
Mr Larry Sumney (Chairman (Through 05/2015)) $24,657 $544,128 $193,905
Mr Kenneth Hansen (Chairman (As Of 06/2015)) $10,718 $236,508 $63,887
Dr Steven Hillenius (Board Member) $9,683 $329,631 $110,044
Dr Celia Merzbacher (Board Member (As Of 06/2015)) $8,762 $252,995 $82,762
Dr William Joyner (Board Member (Through 05/2015)) $3,328 $239,281 $77,390
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Document Links

990
Filed on Oct. 25, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML
PDF (2 of 2)

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,523,001
Expenses
$6,689,717
Net Income
$2,833,284
Net Assets
$4,421,090
Notable Sources of Revenue Percent of Total Revenue
Contributions $9,510,427
99.9%
Program Services $0
Investment Income $12,574
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $242,493
3.6%
Professional Fundraising Fees $0
Other Salaries and Wages $691,011
10.3%
Assets/Debt
Total Assets $7,361,103
Total Liabilities $2,940,013
Net Assets $4,421,090
Compensation
Key Employees and Officers Compensation Related Other
Thomas Theis (Program Director) $180,000 $0 $0
Mr Larry Sumney (Chairman) $34,022 $625,314 $213,163
Dr Steven Hillenius (Board Member) $12,161 $346,582 $156,647
William Joyner (Board Member) $3,864 $233,158 $97,390
+ View more people

Document Links

990
Filed on Nov. 11, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,905,578
Expenses
$5,567,879
Net Income
$337,699
Net Assets
$1,587,806
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,893,193
99.8%
Program Services $0
Investment Income $12,385
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $257,686
4.6%
Professional Fundraising Fees $0
Other Salaries and Wages $790,243
14.2%
Assets/Debt
Total Assets $5,509,869
Total Liabilities $3,922,063
Net Assets $1,587,806
Compensation
Key Employees and Officers Compensation Related Other
Thomas Theis (Program Director) $180,000 $0 $0
Mr Larry Sumney (Chairman) $31,256 $439,478 $354,240
Dr Steven Hillenius (Board Member) $15,135 $331,198 $157,758
William Joyner (Board Member) $4,840 $225,597 $98,304
+ View more people

Document Links

990
Filed on Nov. 12, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,312,394
Expenses
$7,036,607
Net Income
-$724,213
Net Assets
$1,250,107
Notable Sources of Revenue Percent of Total Revenue
Contributions $6,304,928
99.9%
Program Services $0
Investment Income $7,466
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $86,481
1.2%
Professional Fundraising Fees $0
Other Salaries and Wages $1,056,005
15.0%
Assets/Debt
Total Assets $4,614,924
Total Liabilities $3,364,817
Net Assets $1,250,107

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,831,559
Expenses
$8,919,523
Net Income
$912,036
Net Assets
$1,974,320
Notable Sources of Revenue Percent of Total Revenue
Contributions $9,815,231
99.8%
Program Services $0
Investment Income $3,897
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $12,431
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $141,628
1.6%
Professional Fundraising Fees $0
Other Salaries and Wages $1,194,514
13.4%
Assets/Debt
Total Assets $6,817,602
Total Liabilities $4,843,282
Net Assets $1,974,320

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF
PDF (2 of 2)

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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About Nonprofit Explorer

Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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