MCNC
To provide advanced electronic and information technologies to the nc education community, public health, and government agencies and to benefit economic development in nc.
MCNC at a glance
- Total assets
- $175,057,586
- +17.0% vs 2024
- Revenue (2025)
- $74,135,271
- +8.3% vs 2024
- Net investment income (2025)
- $306,329
- +4.2% vs 2024
- Expenses (2025)
- $66,051,698
- +6.9% vs 2024
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who MCNC funds
How this funder distributes its grants
Grant Size Distribution
4 grants across all recorded years
The most common grant size was in the $1–5M range: 2 grants of 4 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
How MCNC gives
- Giving grew 67% from 2020 to 2023. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2023, annual grant giving ranged from $333K (2021) to $1.1M (2023). In 2023 it made 1 grant totaling $1.1M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Golden Leaf Inc Rocky Mount, NC | To support rural broadband for economic development, education, health care, non-porfits and anchor institutions | $1,099,560 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $175,057,586 | $74,135,271 | $66,051,698 | — | — | $306,329 |
| 2024 | $149,654,288 | $68,456,573 | $61,769,274 | — | — | $294,058 |
| 2023 | $150,502,505 | $64,330,012 | $60,483,730 | $1,099,560 | 1 | $207,073 |
| 2022 | $151,917,409 | $60,168,737 | $60,050,067 | $1,056,868 | 1 | $5,755,608 |
| 2021 | $136,308,302 | $51,582,521 | $54,420,215 | $332,721 | 2 | $20,883 |
| 2020 | $139,786,821 | $48,024,442 | $48,273,155 | $659,382 | 1 | $44,936 |
About MCNC
Based on IRS filings
MCNC is a public charity focused on Science & Technology, based in Research Triangle Park, NC. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $175.1M in total assets. Net investment income was $306K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
MCNC is led by Tracy Doaks, President & CEO on every filing since 2021; 17 of 30 officers listed in 2025 are compensated.
Officers on the 2025 filing
Tracy Doaks
President & CEO
On filings since 2021
40 hrs/week
$113K (2021) → $463K (2025)
David Furiness
Senior Director & Cne
Senior Director & Network Engineering → Senior Director & Network Engin, 2023
Senior Director & Network Engin → Senior Director & Cne, 2024
On filings since 2020
40 hrs/week
$188K (2020) → $234K (2025)
Matthew Valenzisi
Senior Director, Network Architecture, Management & Chief Network Architect
Director & Network Architecture → Director & Network Architec, 2023
Director & Network Architec → Senior Director, Network Architecture, Management & Chief Network Architect, 2024
On filings since 2020
40 hrs/week
$194K (2020) → $248K (2025)
William E. Parker
Director & Network Operations
Senior Manager & Network Operations → Director & Network Operations, 2024
On filings since 2022
40 hrs/week
$171K (2022) → $190K (2025)
David Brain
Director, Enterprise It Infrastructure & Cybersecurity
Director & Enterprise It → Director, Enterprise It Infrastructure & Cybersecurity, 2024
On filings since 2023
40 hrs/week
$190K (2023) → $201K (2025)
James Nester
Senior Director, Marketing & Client Advocacy
Senior Director & Client Advocary → Senior Director, Marketing & Client Advocacy, 2024
On filings since 2023
40 hrs/week
$171K (2023) → $196K (2025)
Matthew Kinney
Senior Director & Human Resources
Director & Human Resources → Senior Director & Human Resources, 2024
On filings since 2023
40 hrs/week
$170K (2023) → $191K (2025)
Orlando Suitte
Director, Core Engineering & Network Deployment
Senior Manager & Core Engineering → Director, Core Engineering & Network Deployment, 2024
On filings since 2023
40 hrs/week
$174K (2023) → $199K (2025)
Ruth Stafford
Senior Director & Consulting Services
New on the 2025 filing
40 hrs/week
$197K (2025)
Ajit Sivadasan
Director
On filings since 2020
0.1 hrs/week
No compensation reported
Charles Maimone
Director
On filings since 2020
0.1 hrs/week
No compensation reported
Dennis Kekas
Director
On filings since 2020
0.1 hrs/week
No compensation reported
Keith Werner
Director
Vice Chair → Chair, 2023
Chair → Director, 2024
On filings since 2020
0.1 hrs/week
No compensation reported
Ray Carey
Director
On filings since 2020
0.1 hrs/week
No compensation reported
Tracy Futhey
Director
Vice Chair → Chair, 2024
Chair → Director, 2025
On filings since 2020
0.1 hrs/week
No compensation reported
Maria Thompson
Director
On filings since 2022
0.1 hrs/week
No compensation reported
Myra Best
Director
On filings since 2022
0.1 hrs/week
No compensation reported
Patrick Fleming
Director
On filings since 2022
0.1 hrs/week
No compensation reported
Penny Gordon-Larsen
Director
On filings since 2022
0.1 hrs/week
No compensation reported
Hope Williams
Director
On filings since 2024
0.1 hrs/week
No compensation reported
Tracy Olson
Director
On filings since 2024
0.1 hrs/week
No compensation reported
Vanessa Wrenn
Director
Vice Chair → Director, 2025
On filings since 2024
0.1 hrs/week
No compensation reported
Christopher Beal
Vice President, Enterprise It, Cybersecurity Initiatives & Ciso
Chief Info Security Officer → Vice President, Enterprise It, Cybersecurity Initiatives & Ciso, 2024
On filings since 2020
40 hrs/week
$200K (2020) → $266K (2025)
Edward T. Jacobson
Vice President & COO
On filings since 2020
40 hrs/week
$270K (2020) → $324K (2025)
John Sean Doyle
Secretary & General Counsel
On filings since 2020
40 hrs/week
$145K (2020) → $232K (2025)
Shirley Jennings
Assistant Secretary
On filings since 2020
40 hrs/week
$89K (2020) → $143K (2025)
Paul Kamen
Senior Manager, Enterprise It Services & Data
Senior Manager & Enterprise It Svs → Senior Manager, Enterprise It Services & Data, 2024
On filings since 2023
40 hrs/week
$172K (2023) → $178K (2025)
Jeremy Rollins
Senior Manager, Outside Plant Engineering & Operations
Manager, Outside Plant Engineering & Operations → Senior Manager, Outside Plant Engineering & Operations, 2025
On filings since 2024
40 hrs/week
$152K (2024) → $168K (2025)
Phillip Emer
Vice President & Business Development
Senior Director of Innovation → Vice President & Business Development, 2025
On filings since 2024
40 hrs/week
$222K (2024) → $253K (2025)
Sarah Taylor
CFO
On filings since 2024
40 hrs/week
$58K (2024) → $252K (2025)
Former officers (17)
- Former: Dave Kirby (2020–2024) — Director
- Former: Rachel J. Pisciotta (2022–2024) — CFO
- Former: Penny Gordon Larson (2024) — Director
- Former: A. Hope Williams (2020–2023) — Chair
- Former: Curtis Wynn (2020–2023) — Director
- Former: Catherine Truitt (2022–2023) — Director
- Former: Joy Heinsohn (2020–2022) — Director
- Former: Michael Nicolaides (2020–2022) — Director
- Former: Patricia L. Moody (2020–2022) — CFO & Treasurer
- Former: Terry Magnuson (2020–2022) — Director
- Former: Todd S. Broucksou (2020–2022) — Senior Director & Community Support
- Former: Jim Parker (2021–2022) — Director
- Former: Jean Davis (2020–2021) — President & CEO
- Former: Peter Hans (2020–2021) — Director
- Former: Peter Kragel (2020–2021) — Director
- Former: Darleene Heath (2021) — Director, Marketing & Communications
- Former: Peter Valentine (2020) — Director, Facilities & Fib
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $463K, to Tracy Doaks (President, CEO). 17 officers or directors reported compensation on that filing.
Frequently asked questions about MCNC
How large is MCNC?
MCNC reported $175.1M in total assets on its 2025 IRS Form 990. Its revenue that year was $74.1M.
What is MCNC?
MCNC is a public charity focused on Science & Technology, based in Research Triangle Park, NC. It holds $175.1M in total assets as of 2025.
Where does MCNC operate?
MCNC has awarded grants in North Carolina.
What is MCNC's EIN?
MCNC's EIN (Employer Identification Number) is 58-1406628. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(5)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS January 29, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS January 26, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS May 1, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS February 5, 2024)
- IRS filings on file for fiscal years 2020–2025
Explore Open Grants
Browse active grant opportunities in MCNC's focus areas in our free grants database
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MCNC down — hundreds of funders to go?