Form 990 for tax year 2022
Filed by FAYETTEVILLE STATE UNIVERSITY FOUNDATION INC.
Totals
- Total revenue
- $5,468,947
- Total expenses
- $5,171,545
- Contributions and grants received
- $3,898,806
- Grants paid
- $3,832,876
- Program service revenue
- $1,290,439
- Investment income
- $268,761
- Other revenue
- $10,941
- Total assets, end of year
- $26,580,208
- Total liabilities, end of year
- $9,571,383
- Net assets or fund balances, end of year
- $17,008,825
- Program services expenses (Part IX)
- $5,144,633
- Management and general expenses
- $26,912
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $5,144,633
Program services were 99.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$3,898,806
-
2a · Program service revenue: FSU HOUSING FOUNDATION RENT
total $1,250,708 · related or exempt $1,250,708
-
2b · Program service revenue: SALES AND SERVICES
total $39,731 · related or exempt $39,731
-
3 · Investment income
total $242,874 · excluded $242,874
-
7a · Gross sales of assets other than inventory
securities $25,887
-
7c · Gain or loss
securities $25,887
-
7d · Net gain or loss
total $25,887 · excluded $25,887
-
11a · Other revenue: MISC. INCOME
total $10,941 · related or exempt $10,941
-
11e · Other revenue, total
$10,941
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $3,832,876 · program services $3,832,876
-
11c · Fees: accounting
total $12,315 · program services $12,315
-
11g · Fees: other
total $109,013 · program services $82,101 · management and general $26,912
-
16 · Occupancy
total $366,901 · program services $366,901
-
20 · Interest
total $236,120 · program services $236,120
-
24a · Other expenses: REPAIRS
total $455,598 · program services $455,598
-
24b · Other expenses: SUPPLIES
total $110,437 · program services $110,437
-
24c · Other expenses: CLEANING / MAINTENANCE
total $28,690 · program services $28,690
-
24d · Other expenses: ADMIN SUPPLIES
total $16,204 · program services $16,204
-
24e · All other expenses
total $3,391 · program services $3,391
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $5,105,247 · end of year $4,261,241
-
2 · Savings and temporary cash investments
end of year $846
-
3 · Pledges and grants receivable
beginning of year $22,614 · end of year $268,075
-
4 · Accounts receivable
beginning of year $30,551 · end of year $39,755
-
7 · Other notes and loans receivable
beginning of year $8,024,000 · end of year $7,454,000
-
10a · Land, buildings and equipment: cost or other basis
$434,040
-
10c · Land, buildings and equipment, net
beginning of year $434,040 · end of year $434,040
-
11 · Investments: publicly traded securities
beginning of year $11,371,468 · end of year $12,173,504
-
15 · Other assets
end of year $1,948,747
-
17 · Accounts payable and accrued expenses
beginning of year $178,980 · end of year $2,077,628
-
25 · Other liabilities
beginning of year $8,054,551 · end of year $7,493,755
-
27 · Net assets without donor restrictions
beginning of year $11,098,260 · end of year $3,285,596
-
28 · Net assets with donor restrictions
beginning of year $5,656,129 · end of year $13,723,229
Mission and programs · 2022
Mission
A. TO SOLICIT, RECEIVE, HOLD, MANAGE AND DISBURSE CONTRIBUTIONS, GIFTS, GRANTS, BEQUESTS AND TRANSFERS OF FUNDS OR PROPERTY OF ANY NATURE FOR THE BENEFIT OF FAYETTEVILLE STATE UNIVERSITY, ITS STUDENTS, FACULTY AND STAFF. TO USE THE NAME OF THE UNIVERSITY IN ANY WAY WHICH WILL BENEFIT AND ENRICH OR ENLARGE UPON ITS FACILITIES AND PROGRAMS IN ACCORD WITH THE DIRECTION OF THE DONORS AND ACCEPTABLE TO THE ADMINISTRATIVE OFFICIALS OF THE UNIVERSITY. B. TO ACT AS TRUSTEE, ESCROW OR DISBURSING AGENT WITH RESPECT TO ANY ENDOWMENT, GIFT, GRANTS, CONTRIBUTIONS, OR BEQUESTS MADE FOR THE BENEFIT OF FAYETTEVILLE SATTE UNIVERSITY, ITS STUDENTS, FACULTY AND STAFF, UNDER THE TERMS OF THE TRUSTOR OR DONOR AND TO CARRY ON SUCH FUNCTIONS AS WILL ACCOMPLISH THE PURPOSE AND INTENT OF THE GIFT, ENDOWMENT, TRUST OR GRANT. C. TO SPONSOR, ENCOURAGE, CONDUCT AND RENDER FINANCIAL ASSISTANCE IN STUDENT AID PROGRAMS, ALUMNI EVENTS, PUBLIC RELATIONS ACTIVITIES, FACULTY SUPPLEMENTS, CURRICULUM ENRICHMENT PROGRAMS, R
-
A. TO SOLICIT, RECEIVE, HOLD, MANAGE AND DISBURSE CONTRIBUTIONS, GIFTS, GRANTS, BEQUESTS AND TRANSFERS OF FUNDS OR PROPERTY OF ANY NATURE FOR THE BENEFIT OF FAYETTEVILLE STATE UNIVERSITY, ITS STUDENTS, FACULTY AND STAFF. TO USE THE NAME OF THE UNIVERSITY IN ANY WAY WHICH WILL BENEFIT AND ENRICH OR ENLARGE UPON ITS FACILITIES AND PROGRAMS IN ACCORD WITH THE DIRECTION OF THE DONORS AND ACCEPTABLE TO THE ADMINISTRATIVE OFFICIALS OF THE UNIVERSITY. B. TO ACT AS TRUSTEE, ESCROW OR DISBURSING AGENT WITH RESPECT TO ANY ENDOWMENT, GIFT, GRANTS, CONTRIBUTIONS OR BEQUESTS MADE FOR THE BENEFIT OF FAYETTEVILLE STATE UNIVERSITY, ITS STUDENTS, FACULTY AND STAFF, UNDER THE TERMS OF THE TRUSTOR OR DONOR AND TO CARRY ON SUCH FUNCTIONS AS WILL ACCOMPLISH THE PURPOSE AND INTENT OF THE GIFT, ENDOWMENT, TRUST OR GRANT. C. TO SPONSOR, ENCOURAGE, CONDUCT AND RENDER FINANCIAL ASSISTANCE IN STUDENT AID PROGRAMS, ALUMNI EVENTS, PUBLIC RELATIONS ACTIVITIES, FACULTY SUPPLEMENTS, CURRICULUM ENRICHMENT PROGRAMS, RESEARCH PROJECTS AND STUDIES AS APPROVED BY THE PROPER AUTHORITIES OF THE UNIVERSITY.
Expenses $3,931,181 · Grants $3,832,876 · Revenue $39,731
-
FSU HOUSING FOUNDATION LLC
Expenses $1,213,452 · Revenue $1,250,708
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
John Ben Brown JrJOHN BEN BROWN JR
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Jermaine CobleJERMAINE COBLE
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Vedas NealVEDAS NEAL
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Willie GrayWILLIE GRAY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Robin Boddie-HagginsROBIN BODDIE-HAGGINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jared JamesJARED JAMES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Olivia ChavisOLIVIA CHAVIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jermaine PittmanJERMAINE PITTMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Christopher DavisCHRISTOPHER DAVIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Theodore DeboseTHEODORE DEBOSE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Cathy WaddellCATHY WADDELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John GodboltJOHN GODBOLT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Reginald WellsREGINALD WELLS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Qu'Derrick CovingtonQU'DERRICK COVINGTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Raymond PrivottRAYMOND PRIVOTT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
J Michael RushJ MICHAEL RUSH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Monica Carson SheriffMONICA CARSON SHERIFF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kevin WesterKEVIN WESTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Darrell T AllisonDARRELL T ALLISON
EX-OFFICIO D
- Total calculated
- $314,443
- From this org
- $0
- From related orgs
- $314,443
- Other
- $0
- Hours/week
- 1
-
Omar BellOMAR BELL
EXECUTIVE DI
- Total calculated
- $0
- Hours/week
- 1
-
Lillian WanjagiLILLIAN WANJAGI
EX-OFFICIO D
- Total calculated
- $0
- Hours/week
- 1
-
Glenn AdamsGLENN ADAMS
EX-OFFICIO D
- Total calculated
- $0
- Hours/week
- 1
-
Monica LeachMONICA LEACH
EX-OFFICIO D
- Total calculated
- $0
- Hours/week
- 1
-
Linda ColeyLINDA COLEY
EX-OFFICIO D
- Total calculated
- $0
- Hours/week
- 1
-
Maya MartinMAYA MARTIN
EX-OFFICIO D
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
-
FAYETTEVILLE STATE UNIVERSITY
$3,451,454
SCHOLARSHIPS
-
FAYETTEVILLE STATE UNIVERSITY
$381,422
SCHOOL SUPPORT
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
FAYETTEVILLE STATE UNIVERSITY
UNIVERSITY · NC
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
FSU HOUSING FOUNDATION LLC
HOUSING · NC · income $1,257,462 · assets $10,426,845
Directly controlled by FSU FOUNDA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 9 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202421309349303722
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