DUKE CORPORATE EDUCATION

EIN: 421672476 501(c)(3) Education

DURHAM, NC

Total Revenue
$33,688,688
Total Expenses
$31,654,124
Total Assets
$37,288,313
Net Assets
$29,177,328
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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
NC
Principal Officer
BARBARA FRICK
Phone
9196805000
Tax Period
2024-07-01 to 2025-06-30

DUKE CORPORATE EDUCATION, founded in 2000, is a mid-sized nonprofit in the Education sector that reported $33.7M in total revenue in fiscal year 2024. Expenses of $31.7M left a modest 6% surplus.

Mission

THE PURPOSES FOR WHICH THIS CORPORATION IS FORMED ARE FOR SCIENTIFIC, EDUCATIONAL, LITERARY AND CHARITABLE PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (HEREINAFTER THE "CODE"), AND FOR THE SPECIFIC AND EXCLUSIVE PURPOSE OF THE PROMOTION OF THE WELFARE OF DUKE UNIVERSITY (OR ANY OF DUKE UNIVERSITY'S SUPPORT OR AFFILIATED CORPORATIONS); AND TO ACQUIRE, RETAIN AND OPERATE PROPERTY OR PROPERTIES, REAL OR PERSONAL, TANGIBLE OR INTANGIBLE, TO BE HELD EXCLUSIVELY FOR THE BENEFIT OR AT THE DIRECTION OF DUKE UNIVERSITY (OR ANY OF DUKE UNIVERSITY'S SUPPORT OR AFFILIATED CORPORATIONS); AND TO ENGAGE IN ANY LAWFUL ACT OR ACTIVITY FOR WHICH CORPORATIONS MAY BE ORGANIZED UNDER THE NONPROFITCORPORATION ACT OF NORTH CAROLINA. DUKE UNIVERSITY IS A NORTH CAROLINA CORPORATION WHICH IS AN ORGANIZATION DESCRIBED IN SECTIONS 501(C)(3) AND 509(A)(1) OF THE CODE.

Program Service Accomplishments

Program 1
Expenses: $26,787,630 Revenue: $33,361,880

DUKE CORPORATE EDUCATION IS A GLOBAL PROVIDER OF CUSTOM CORPORATE EDUCATION SERVICES THAT HELPS ORGANIZATIONS ADDRESS THEIR BUSINESS CHALLENGES. THE ORGANIZATION WAS CREATED TO PROVIDE INTENSIVELY...

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DUKE CORPORATE EDUCATION IS A GLOBAL PROVIDER OF CUSTOM CORPORATE EDUCATION SERVICES THAT HELPS ORGANIZATIONS ADDRESS THEIR BUSINESS CHALLENGES. THE ORGANIZATION WAS CREATED TO PROVIDE INTENSIVELY CUSTOMIZED CORPORATE EDUCATION SERVICES FOCUSED ON ADDRESSING BUSINESS CHALLENGES. THE ORGANIZATION'S CLIENTS TEND TO BE LARGE GLOBAL ENTERPRISES. THE ORGANIZATION HELPS ITS CLIENTS IMPLEMENT THEIR STRATEGY THROUGH DEVELOPMENT OF THEIR PEOPLE. THE ORGANIZATION FOCUSES EDUCATION ON WHAT THE CLIENT'S PEOPLE NEED TO KNOW, DO AND BELIEVE IN ORDER TO ADDRESS CURRENT OR ANTICIPATED CHALLENGES, AND ATTAIN SPECIFIC BUSINESS OBJECTIVES. THE ORGANIZATION DIFFERS FROM A TRADITIONAL BUSINESS SCHOOL OR PROFESSIONAL SERVICES FIRM IN THAT THE ORGANIZATION IS NOT DEPENDENT ON THE ORGANIZATION'S OR THE UNIVERSITY'S FACULTY. TO MEET THE BROAD RANGE OF NEEDS THE ORGANIZATION'S CLIENTS BRING TO IT, THE ORGANIZATION DRAWS ON QUALITY FACULTY FROM NUMEROUS BUSINESS SCHOOLS. THE ORGANIZATION ALSO LEVERAGES NON-FACULTY EDUCATORS SUCH AS COACHES, FACILITATORS, INDUSTRY EXPERTS, RETIRED EXECUTIVES, ACTORS AND OTHERS COMMITTED TO HIGH QUALITY CUSTOMIZED EDUCATION. THE ORGANIZATION CAN DELIVER SMALL OR VERY LARGE SCALE PROGRAMS, IN MANY ITERATIONS, IN SEVERAL LANGUAGES, COVERING A FEW TO THOUSANDS OF PARTICIPANTS, WITH COMPLEX LOGISTICAL REQUIREMENTS, ANYWHERE IN THE WORLD. THE ORGANIZATION USES ITS GLOBAL LEARNING RESOURCE NETWORK AND ITS AFFILIATIONS WITH UNIVERSITIES TO PROVIDE ITS CLIENTS A LOCAL DELIVERABLE WITH GLOBAL CONSISTENCY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $31,482,602
Investment Income $402,360
Other Revenue $1,803,726
TOTAL REVENUE $33,688,688

Expense Breakdown

Grants Paid $0
Salaries & Benefits $9,194,942
Fundraising Expenses $0
Program Expenses $26,787,630
Other Expenses $22,459,182
TOTAL EXPENSES $31,654,124

Year-over-Year Comparison

2024 2023 Change
Revenue $33,688,688 $32,787,200 +0.0%
Expenses $31,654,124 $29,040,594 +0.1%
Net Income $2,034,564 $3,746,606 -0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
4
Independent Members
N/A
Employees
66
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$4,792,086
Total Directors
5
$5,360,688
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM BOULDING DIRECTOR/CHAIRMAN - THRU 9/24/24 1.00
Officer Director
$0 $59,578 $933,695
DANIEL G ENNIS DIRECTOR 0.10
Director
$0 $73,368 $1,537,454
ALEC D GALLIMORE DIRECTOR/VICE CHAIR 0.10
Officer Director
$0 $76,763 $1,212,129
MARY LUCE DIRECTOR/CHAIRMAN - FROM 9/24/24 0.10
Officer Director
$0 $96,655 $913,609
THAYANAYAGEE CHETTY DIRECTOR/CEO 2.00
Officer Director
$0 $86,597 $763,801
BARBARA FRICK SECRETARY/DIR. OF REG. COM 40.00
Officer
$234,001 $53,801 $287,802
CHRISTINE ROBERS CMO 40.00
Officer
$266,808 $19,320 $286,128
PAUL MATHEWS CFO 40.00
Officer
$353,976 $40,946 $394,922
PRAKASH RADHAKEESOON MANAGING DIRECTOR 40.00
Highest
$228,891 $37,371 $266,262
DAVID WELSH REGIONAL MANAGING DIRECTOR 40.00
Highest
$332,835 $41,000 $373,835
VISHAL PATEL PRESIDENT GLOBAL MARKETS 40.00
Highest
$638,257 $24,791 $663,048
JASON KULASINGAM MANAGING DIRECTOR 40.00
Highest
$224,128 $10,036 $234,164
KEVIN MAUGHAN DIRECTOR, IT GLOBAL 40.00
Highest
$205,662 $33,041 $238,703
MICHAEL A CHAVEZ JR FORMER DIRECTOR/CEO 40.00
$226,616 $20,290 $246,906
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $33,688,688 $31,654,124 $37,288,313 $2,034,564
2024 No data No data No data No data
2023 $31,490,601 $29,340,962 $33,489,038 $2,149,639
2022 $30,074,065 $25,949,343 $33,808,412 $4,124,722
2021 $18,675,614 $19,537,627 $27,489,390 $-862,013
2020 $23,296,173 $25,275,738 $29,909,799 $-1,979,565
2019 $32,551,254 $28,659,542 $33,744,064 $3,891,712
2018 $30,815,324 $28,413,762 $30,451,106 $2,401,562
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