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.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Star rating)
Dumac Inc has received a three-star rating from Charity Navigator, indicating a moderate level of accountability and financial health. The score is based solely on the Accountability & Finance beacon, which reflects organizational transparency and financial practices relevant to donors and stakeholders. The charity has demonstrated strong governance practices, with a majority of independent board members and effective oversight measures in place.
Strengths for Dumac Inc include high scores in areas such as program expenses, where 94.31% of expenditures directly support their mission. They also maintain robust financial reporting practices, including a transparent audit and oversight committee. However, the organization has a notable weakness in having a missing conflict of interest policy, which could raise concerns about governance practices.
Overall, while Dumac Inc shows commendable financial management and accountability features, the absence of certain policy documents may limit its effectiveness in fostering complete donor confidence. Continued attention to governance policies may help enhance their overall rating in the future.
This AI summary has been generated from information found on Charity Navigator.
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.
Heare 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?
Here are 13 key members and their salaries:
- Compensation: $0
- Related: $2,842,965
- Other: $117,778
- Compensation: $0
- Related: $1,953,126
- Other: $52,956
- Compensation: $0
- Related: $1,422,764
- Other: $68,457
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $405,711
- Other: $58,508
- Compensation: $0
- Related: $1,157,036
- Other: $197,056
Where can I find the form 990 for Dumac Inc?
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.
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Impact
October, 2024
Dumac Inc plays a crucial role in managing investment resources that support Duke University and its affiliates, including the Duke University Health System and the Employees' Retirement Plan. By providing investment management and related services, Dumac Inc ensures efficient financial management on a cost-sharing basis, optimizing the financial health of these institutions.
The organization contributes significantly to the sustainability and growth of the Duke Endowment, which helps facilitate ongoing support for educational initiatives and health services at Duke University. This financial stewardship not only benefits the university and its employees but also strengthens the broader community by enhancing the quality of education and healthcare services available. Dumac Inc's strategic approach to investment management thus has a ripple effect, ultimately reinforcing the mission and operational capabilities of Duke University and its affiliates.
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.
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.
- Investment Income: $265,178
- Program Service Revenue: $28,252,084
- Gross Receipts: $28,517,262
Assets and Liabilities:
- Total Assets: $26,321,234
- Total Liabilities: $19,136,203
- Net Assets: $7,185,031
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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) 668-6829Principal Officer
Neal F Triplett
Main Address
280 S MANGUM STREET NO 210, DURHAM, NC, 27701
NTEE Category
Code: B19 - Education
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