Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $8,273,846

• 1g · Noncash contributions included above

  $1,171,361

• 3 · Investment income

  total $664,999 · excluded $664,999

• 7a · Gross sales of assets other than inventory

  securities $9,424,812

• 7b · Less cost or other basis and sales expenses

  securities $7,175,224

• 7c · Gain or loss

  securities $2,249,588

• 7d · Net gain or loss

  total $2,249,588 · excluded $2,249,588

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $6,748,565 · program services $6,748,565

• 5 · Compensation of officers, directors and key employees

  total $400,378 · program services $267,640 · management and general $32,595 · fundraising $100,143

• 7 · Other salaries and wages

  total $1,593,144 · program services $1,064,967 · management and general $129,699 · fundraising $398,478

• 11c · Fees: accounting

  total $66,795 · management and general $66,795

• 11e · Fees: professional fundraising services

  total $80,550 · fundraising $80,550

• 11f · Fees: investment management

  total $79,115 · management and general $79,115

• 11g · Fees: other

  total $288,159 · program services $150,553 · fundraising $137,606

• 17 · Travel

  total $315,576 · program services $246,919 · management and general $3,735 · fundraising $64,922

• 24a · Other expenses: SUPPLIES

  total $421,070 · program services $355,286 · management and general $35,878 · fundraising $29,906

• 24b · Other expenses: OTHER SERVICES

  total $397,729 · management and general $266,138 · fundraising $131,591

• 24c · Other expenses: FOOD

  total $331,647 · program services $215,418 · management and general $47,342 · fundraising $68,887

• 24d · Other expenses: MISCELLANEOUS

  total $146,984 · program services $113,505 · management and general $18,113 · fundraising $15,366

• 24e · All other expenses

  total $160,512 · program services $144,359 · management and general $12,686 · fundraising $3,467

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $681,527 · end of year $711,986

• 3 · Pledges and grants receivable

  beginning of year $4,180,735 · end of year $4,351,024

• 4 · Accounts receivable

  beginning of year $16,994 · end of year $0

• 7 · Other notes and loans receivable

  end of year $531,291

• 10a · Land, buildings and equipment: cost or other basis

  $60,540

• 10c · Land, buildings and equipment, net

  beginning of year $60,540 · end of year $60,540

• 12 · Investments: other securities

  beginning of year $40,033,897 · end of year $36,350,250

• 15 · Other assets

  beginning of year $41,405 · end of year $41,405

• 17 · Accounts payable and accrued expenses

  beginning of year $2,853,153 · end of year $1,491,132

• 27 · Net assets without donor restrictions

  beginning of year $5,427,834 · end of year $6,489,654

• 28 · Net assets with donor restrictions

  beginning of year $36,734,111 · end of year $34,065,710

The filer's explanations (Part III)

PART I, LINE 3:

THE COMPENSATION FOR THE EXECUTIVE DIRECTOR LEVEL IS BASED UPON STATE OF NC SALARY ALLOCATION.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• SSM HOLDINGS LLC

  REAL ESTATE HOLDING · NC · income $0 · assets $1,975

  Directly controlled by NORTH CAROLINA SCHOOL OF SCIENCE AND MATHEMATICS FOUNDATION